On The Shelf:

Mackenzie Investments announced a number of changes to its fund lineup as a result of a special meeting of fund-holders held Monday.

Investors in a number of the Putnam brand of mutual funds approved a resolution to merge the funds into Mackenzie funds with similar mandates.

The Existing Putnam Fund will be rolled into the Target Mackenzie Fund. The Putnam Canadian Money Market Fund will be merged into the Mackenzie Sentinel Money Market Fund. The Putnam Canadian Bond Fund will be merged into the Mackenzie Sentinel Bond Fund. The Putnam Canadian Balanced Fund will be merged into the Mackenzie Maxxum Canadian Balanced Fund. The Putnam U.S. Voyager Fund will be merged into the Mackenzie Universal U.S. Growth Leaders (Unhedged) Class. The Putnam U.S. Value Fund will be merged into the Mackenzie Universal U.S. Blue Chip Class. Finally, the Putnam International Equity Fund will be merged into the Mackenzie Focus International Class.

Investors in Keystone Sceptre Canadian Large Cap Fund (formerly Putnam Canadian Equity Fund), Keystone Sceptre Canadian Small Cap Fund (formerly Putnam Canadian Equity Growth Fund) and Mackenzie Putnam Global Equity Fund (formerly Putnam Global Equity Fund) approved a resolution to change those funds’ method for calculating operating expenses such that the funds will adopt a fixed-rate administration fee structure utilized by the Mackenzie family of mutual funds.

Investors in Mackenzie Focus America Class approved a resolution to merge the fund into Mackenzie Universal U.S. Blue Chip Class.

Investors in Symmetry Managed Return Class approved a change in the investment objectives of the fund such that the fund’s returns will be based upon the returns of Symmetry Registered Fixed Income Pool, rather than the returns of Mackenzie Fixed Income Fund, as is currently the case. Mackenzie expects to terminate Mackenzie Fixed Income Fund to eliminate a duplication of fixed income mandates.

(09/23/08)

Staff

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