Mackenzie Floating Rate Income Fund

The Mackenzie Floating Rate Income Fund is a type of mutual fund that focuses on providing investors with a steady income by investing in floating rate loans and other forms of debt securities. Its primary function is to generate income through a diversified portfolio of investments that are typically less sensitive to interest rate fluctuations compared to fixed-rate securities. By investing in these floating rate instruments, the fund aims to offer potential protections against rising interest rates. Its investments predominantly impact sectors such as corporate finance, banking, and credit markets. As part of a broader strategy, the Mackenzie Floating Rate Income Fund can play a critical role in diversifying an income-focused investment portfolio, offering an alternative to traditional fixed-income securities. The fund's significance in the market lies in its targeted approach to managing interest rate risks while providing income opportunities for investors.