Returns as at April 30, 2013

*Globe Cdn Neutral Balanced Peer Index

Growth of $10,000

Risk Measures as at April 30, 2013

Best/Worst 12 months (since inception)

Best (ending Mar 10):	49.76
Worst (ending Mar 09):	-28.24

Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)

Low  High

Fund Objectives

The Fund's primary purpose is to seek income with a secondary purpose of seeking long-term growth. The Fund primarily invests in Canadian income trusts, business trusts, royalty and resource trusts, real estate investment trusts, utilities and infrastructure trusts and limited partnerships with investment objectives of producing income from similar business sectors. The Fund may temporarily invest its assets in cash, treasury bills, Canadian government bonds or other money market instruments or liquidity and defensive purposes.

Fund Facts

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

$500

Subsequent:

$100

Min. Invest (initial RRSP):

$500

Subsequent RRSP:

$100

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at February 28, 2013

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at May 23, 2013 1 Year Performance (%)
	Province of Ontario, 3.15%, JUN/02/22			Bond	2.81		1.59
TD-T	TD Bank	Banks	Canada	Stock	2.42		6.25
BCE-T	BCE Inc.	Telephone Utilities	Canada	Stock	2.12		17.37
CM-T	CIBC	Banks	Canada	Stock	2.05		12.79
BNS-T	Bank of Nova Scotia	Banks	Canada	Stock	2.04		14.61
RY-T	Royal Bank of Canada	Banks	Canada	Stock	1.91		19.36
VZ-N	Verizon Communications	Telephone Utilities	United States	Stock	1.26		25.7
SJR.B-T	Shaw Communications	Cable	Canada	Stock	1.2		22.1
CPG-T	Crescent Point Energy	Oil and Gas Producers	Canada	Stock	1.13		-5.51

Distribution Report (18 months up to May 23, 2013)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Annually

Portfolio Manager(s)

Norman Raschkowan

Mackenzie Financial Corporation

Start Date: June, 2011

Fund Return: 4.83%

Norman Raschkowan, Executive Vice-President, Investments, is Chief North American Investment Strategist and Team Lead of the Maxxum Funds. He is the Lead Manager of Mackenzie Maxxum Dividend Fund and Mackenzie Maxxum Monthly Income Fund. He is also co-Manager of the Mackenzie Maxxum Dividend Growth Fund, Mackenzie Sentinel Income Fund (equities portion), Mackenzie Founders Fund and Mackenzie Focus Canada Fund. Before joining Mackenzie in 2007, Norman spent 27 years at Standard Life Investments Inc. in Montreal. He began his career in 1980 as a Fixed Income Research Analyst and became a bond fund manager in 1981. He became an equity fund manager in 1984 and was promoted to Senior Vice President, Head of Canadian and US Equities in 1990. In 2006, Norman was appointed Chief Investment Officer at Standard Life. During that time, Norman demonstrated a track record in long-term investment performance results in both the fixed income and equity areas as well as demonstrated leadership in people management, team building and institutional client servicing. Norman graduated in 1980 from McGill University with a degree in Finance and a gold medal in Economics. He also earned his MBA in International Business and Real Estate from McGill in 1985, and is a member of the CFA Institute.

Also manages:IG Mackenzie Maxxum Dividend Gro-A, Mac Maxxum All-Canadian Dividend Cl, Mackenzie Focus All Canadian Class, Mackenzie Focus Canada, Mackenzie Founders Income & Grth-T5, Mackenzie Founders-A, Mackenzie Maxxum Dividend, Mackenzie Maxxum Dividend Class, Mackenzie Maxxum Dividend Growth, Mackenzie Maxxum Monthly Income, Mackenzie Sent Strategic Income Cl, Mackenzie Sentinel Divers Inc-T5, Mackenzie Sentinel Income Fund Sr A, Manulife GIFe 1 Maxx Div Gw (c), Manulife GIFe 1 Sentinel Income, Manulife Ser R A Sentinel Income

View fund manager performance report

Steve Locke

Mackenzie Financial Corporation

Start Date: June, 2011

Fund Return: 4.83%

Steve Locke is co-head of Mackenzie Sentinel Group of Funds and focuses primarily on core fixed income and money market security research and portfolio management. Steve joined Mackenzie Investments with the acquisition of Saxon Financial in 2008; he and his colleagues joined the Sentinel investment team at that time. He has over 15 years of investment experience managing retail, institutional and high net worth fixed income and money market portfolios. He joined Howson Tattersall Investment Counsel (part of Saxon Financial) in 2003 as a portfolio manager in the bond group. In 2005, he was appointed to Senior Portfolio Manager, charged with leading the management of all fixed income portfolios. His previous work experience includes five years managing insurance and retail segregated fund portfolios in Canada, as well as several years as a credit analyst and bond trader at Metropolitan Life Insurance Company and Royal and Sun Alliance. Steve is a holder of the CFA designation and has an MBA degree from the Schulich School of Business at York University.

Also manages:IG Mackenzie Income, Mackenzie Maxxum Canadian Balanced, Mackenzie Maxxum Monthly Income, Mackenzie Saxon Balanced Class, Mackenzie Sen Cdn Short Term Yld Cl, Mackenzie Sen Mgd Return Class, Mackenzie Sent Short Tm Govt Bond-A, Mackenzie Sent Strategic Income Cl, Mackenzie Sentinel Cash Management, Mackenzie Sentinel Income Fund Sr A, Mackenzie Sentinel Money Market, Mackenzie Sentinel Real Return Bond, Mackenzie Sentinel ShortTerm Income

View fund manager performance report