MACKENZIE FINANCIAL CORP

Mackenzie Financial Corp is a private investment management company that is headquartered in Toronto. The company was founded in 1967 by Alex Christ, starting out with the Industrial Growth Fund, later renamed the Mackenzie Growth Fund. The company would grow and acquire various funds such as Ivy Management, Cundill Funds, Cundill Investment Research, Howson Investment Counsel, and the Saxon Group of Mutual Funds to facilitate its growth and expansion. The company's main clients are pooled investment vehicles, which along makes up over two thirds of its clients and approximately half of total contributed assets, although it also provides to corporations, banking and thrift institutions, investment companies, charities, pension and profit sharing plans, and high net worth individuals in its broad client base. The company was acquired by Investors Group in 2001 to create IGM Financial. Mackenzie Financial Corp, also known as Mackenzie Investments, currently is the major subsidiary of IGM, which is in turn a member of the Power Financial Group of Companies. Mackenzie Financial Corp currently has over 71 billion in assets under management held across over 250 accounts. Although its total number of accounts held has not changed drastically from 2010 excepting the spite in number of accounts in 2011 to over 400, its total assets under management has more than doubled its $31.5 billion amount just 5 years ago. The company offers a variety of services including management for equity, balanced mutual funds, fixed income, pooled funds, pension funds, segregated funds, and labor sponsored funds. Mackenzie Financial Corp’s investments span the globe with an emphasis in the financial sector, which makes up a third of its total allocated assets, and also invests in the technology, services, energy, basic materials, and transportation sectors, among others, in order of decreasing amount allocated. Some of the its mutual funds, which went through a restructuring in 2013, include the Floating Rate Income Fund, Global Tactical Bond, Money Market Fund, Ivy Canadian Balanced Fund, Global Concentrated Equity, and Unconstrained Fixed Income Fund.