Mackenzie Financial Corporation has announced changes to the risk ratings of three of its mutual funds.
In a new simplified prospectus filed this week, Mackenzie announced that it is changing the ratings of the following funds:
- The risk of the Symmetry Conservative Portfolio Class will change from "Low-Medium" to "Low"
- The risk of the Symmetry Conservative Portfolio will also change from "Low-Medium" to "Low"
- The risk of the Mackenzie Gold Bullion Class will change from "Medium" to "Medium-High"
Mackenzie notes that it uses the risk assessment methodology recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada, and reviews the risk rating of each of its funds annually or when there has been a material change. The fund company says it is making these changes as part of an annual review.