At Mackenzie, our core business is managing mutual funds of all varieties on behalf of investors throughout North America. We have outlined each below and encourage you to discuss them with your financial advisor.

Mutual funds: these provide professional expertise and built-in diversification so you can focus on other priorities in your life. Each of our funds pools together cash from many investors who share a common investment objective. A fund might hold dozens of individual stocks - more than any single investor could follow closely without a great deal of time and effort.

• Full-time professional money managers who are trained, experienced and familiar with the latest information about companies from around the world.
• Easy access to your money allowing you to buy and sell your Mackenzie funds on any regular trading day on the major securities exchanges in Canada.
• Simplified investment tracking from Mackenzie means that much of your paperwork and record keeping is done for you.
• Peace of mind is important to investors and your trust is important to Mackenzie. To earn your trust, mutual fund companies are carefully regulated; your money is held separate to the operating funds of our management company; and a custodian (a large Canadian bank or trust company) holds each fund's investment assets.
• For more information on our core mutual funds, see our Products & Services: Mutual Funds section.

Corporate Mutual Funds: These funds are designed to give you the freedom to switch from one Mackenzie equity fund to another without realizing capital gains. Within this structure, you can move among more than 50 Corporate Mutual Funds without triggering the taxable capital gains that may hamper the growth potential of your portfolio. These funds include Mackenzie's leading Canadian, U.S., and international equity funds, plus various sector and specialty funds. You should consider Mackenzie Corporate funds in the following situations:

• you hold funds outside of a registered account;
• you want to switch among various equity funds without incurring capital gains; and,
• you are concerned with long-term tax deferral.

Managed Yield funds: There are two Mackenzie Managed Yield Funds offered within the Capital Class series. They hold portfolios of Canadian equities hedged to provide a stable monthly return with only slight volatility. They also offer an attractive tax benefit that other short-term investments don't offer. Most money-market investments pay out interest income that is fully taxable - but Mackenzie's Managed Yield Capital Class Funds pay out tax-efficient capital gains.

Segregated funds: These offer many of the advantages of other Mackenzie mutual funds, with some additional benefits. They invest in underlying Mackenzie funds, but are actually a life insurance product with several attractive insurance features:

• your principal investment is guaranteed provided you hold the investment for 10 years;
• if you die before the maturity date of your contract, we will pay your beneficiary the amount of your principal investment of the value of the segregated fund, whichever is higher;
• segregated funds are passed to your beneficiaries, which meant they are subject to fewer fees and shorter delays; and,
• segregated funds can provide creditor protection in certain situations.