Mackenzie Investments Announces Changes to Select Mutual Funds and ETFs

TORONTO, Sept. 25, 2023 /CNW/ - Mackenzie Investments ("Mackenzie") today announced changes to the risk rating and investment strategy of select mutual funds and ETFs, effective on or about September 29, 2023, and to the management fee of certain series of the Mackenzie Canadian Money Market Fund, effective on or about October 2, 2023.

Risk Rating Changes

Mackenzie reviews and adjusts risk ratings in accordance with the Risk Classification Methodology mandated by Canadian securities regulators. The risk rating of the following mutual funds and ETFs will change as outlined below. The changes will be effective on or about September 29, 2023.

Name of Mutual Fund or ETF	Current Risk Rating	New Risk Rating
Mackenzie Bluewater Canadian Growth Fund	Low to Medium	Medium
Mackenzie Canadian Dividend Fund	Low to Medium	Medium
Mackenzie Conservative ETF Portfolio	Low	Low to Medium
Mackenzie Conservative Income ETF Portfolio	Low	Low to Medium
Symmetry Equity Portfolio	Low to Medium	Medium
Mackenzie Maximum Diversification All World Developed Index Fund	Low to Medium	Medium
Mackenzie USD Global Dividend Fund	Low to Medium	Medium
Mackenzie US Small-Mid Cap Growth Currency  Neutral Fund	Medium	Medium to High
Mackenzie USD US Mid Cap Opportunities Fund	Medium	Medium to High
Mackenzie Floating Rate Income ETF	Low	Low to Medium
Mackenzie Global High Yield Fixed Income ETF	Low	Low to Medium

Investment Strategy Changes

A change has been made to the investment strategy of each Mackenzie Betterworld fund listed below, to remove the exclusion of companies that derive over 10 per cent of revenue from nuclear energy. The changes will be effective on or about September 29, 2023.

Fund Name	Exclusion to be Removed
Mackenzie Betterworld Canadian Equity Fund	Nuclear energy: over 10% revenue derived from the production, supporting products and services or distribution of nuclear energy.
Mackenzie Betterworld Global Equity Fund
Mackenzie Global Sustainable Balanced Fund
Mackenzie FuturePath Canadian Sustainable Equity Fund

Management Fee Changes

To deliver improved pricing to investors, Mackenzie is reducing the management fees of the Mackenzie Canadian Money Market Fund by 10 to 30 basis points. The changes will be effective on or about October 2, 2023.

Fund Name	Series	Current Management Fee	New Management Fee
Mackenzie Canadian Money Market Fund	PW	0.60 %	0.50 %
	SC	0.75 %	0.60 %
	C	0.50 %	0.35 %
	DA	1.00 %	0.70 %
	F	0.35 %	0.25 %
	DF	0.35 %	0.25 %
	GP	0.50 %	0.35 %
	G	0.65 %	0.50 %
	I	0.70 %	0.575 %
	FB	0.50 %	0.35 %
	PWFB	0.35 %	0.25 %
	AR	1.00 %	0.70 %
	PWR	0.60 %	0.50 %
	A	1.00 %	0.70 %
	PWX	0.35 %	0.25 %

About Mackenzie Investments

Mackenzie Investments is a leading investment management firm with $193 billion in assets under management as of August 31, 2023. Mackenzie provides investment solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, Mackenzie is a global asset manager with offices across Canada as well as in Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), one of Canada's premier financial services companies with approximately $262 billion in total assets under management and advisement as of August 31, 2023. For more information, visit mackenzieinvestments.com.

SOURCE Mackenzie Investments

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