Mackenzie Investments Announces Changes to Select Mutual Funds
TORONTO, Sept. 29, 2025 /CNW/ – Mackenzie Investments (“Mackenzie”) today announced changes to the management fee of Mackenzie Gold Bullion Fund, changes to the trailer fee of certain series of Mackenzie Ivy Canadian Balanced Fund and a risk rating change to Mackenzie Ivy European Fund.
In addition, Series A, T5, T8, PW, PWT5 and PWT8 of Mackenzie Ivy Canadian Balanced Fund will be closed to any new investments, effective on or about October 2, 2025. Investors that hold these securities as of this date and continue to hold those securities are permitted to make additional purchases. On or about October 2, 2025, Mackenzie will be launching Series AV, TV5, TV8, PV, PV5 and PV8 of Mackenzie Ivy Canadian Balanced Fund for purchase by new investors. Series AV, TV5 and TV8 will have a management fee of 1.75%, while Series PV, PV5 and PV8 will have a management fee of 1.70%.
Management Fee Changes
To deliver improved pricing to investors, Mackenzie is reducing the management fees for certain series of Mackenzie Gold Bullion Fund by 20 basis points, as outlined below. The changes will be effective on or about September 29, 2025.
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|
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|
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Mackenzie Gold Bullion |
A |
1.75 % |
1.55 % |
|
D |
0.75 % |
0.55 % |
|
|
F |
0.70 % |
0.50 % |
|
|
FB |
0.75 % |
0.55 % |
|
|
PW |
1.70 % |
1.50 % |
|
|
PWX |
0.70 % |
0.50 % |
|
|
PWFB |
0.70 % |
0.50 % |
|
|
LB |
1.75 % |
1.55 % |
|
|
LW |
1.70 % |
1.50 % |
|
|
LF |
0.70 % |
0.50 % |
Trailer Fee Changes
Effective on or about October 2, 2025, the trailer fee for the sales charge purchase option and redemption charge purchase option of Mackenzie Ivy Canadian Balanced Fund will increase as outlined below.
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|
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|
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|
Mackenzie Ivy |
A |
0.50 % |
1.00 % |
0.25 % |
0.50 % |
|
PW |
0.50 % |
1.00 % |
– |
– |
|
|
T5 |
0.50 % |
1.00 % |
0.25 % |
0.50 % |
|
|
T8 |
0.50 % |
1.00 % |
0.25 % |
0.50 % |
|
|
PWT5 |
0.50 % |
1.00 % |
– |
– |
|
|
PWT8 |
0.50 % |
1.00 % |
– |
– |
Risk Rating Change
Mackenzie reviews and adjusts risk ratings in accordance with the Risk Classification Methodology mandated by Canadian securities regulators. The risk rating of Mackenzie Ivy European Fund has changed as outlined below. The change will be effective September 29, 2025.
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|
|
|
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Mackenzie Ivy European Fund |
Medium |
Low to Medium |
About Mackenzie Investments
Mackenzie Investments (“Mackenzie”) is a Canadian investment management firm with approximately $231 billion in assets under management as of August 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada’s leading diversified wealth and asset management organizations with approximately $292 billion in total assets under management and advisement as of August 31, 2025. For more information, visit mackenzieinvestments.com
SOURCE Mackenzie Financial Corporation
