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Alternative Credit Focus
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|
NAVPS (05-01-2024) |
$7.97 |
|---|---|
| Change |
$0.02
(0.19%)
|
As at March 31, 2024
As at January 31, 2024
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Inception Return (June 11, 2020): 1.21%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 1.57% | 4.22% | 8.20% | 4.22% | 6.97% | -3.82% | -0.56% | - | - | - | - | - | - | - |
| Benchmark | 0.48% | -1.28% | 6.84% | -1.28% | 1.93% | -0.14% | -1.50% | -0.83% | 0.22% | 1.02% | 1.12% | 1.15% | 1.09% | 2.01% |
| Category Average | 0.82% | 6.16% | 6.16% | 1.92% | 6.88% | 3.42% | 2.11% | 5.50% | - | - | - | - | - | - |
| Category Rank | 12 / 120 | 12 / 120 | 19 / 119 | 12 / 120 | 66 / 116 | 102 / 102 | 61 / 75 | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 3 | 4 | 4 | - | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.19% | -3.27% | 1.31% | 1.74% | -0.16% | -1.84% | -1.54% | 3.77% | 1.61% | 1.45% | 1.14% | 1.57% |
| Benchmark | 0.90% | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% |
7.52% (November 2020)
-9.21% (September 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 11.52% | -17.34% | 3.95% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | 1 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | - | 9/ 75 | 98/ 98 | 108/ 116 |
11.52% (2021)
-17.34% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 47.17 |
| US Equity | 20.43 |
| Foreign Government Bonds | 16.07 |
| Canadian Equity | 14.55 |
| Cash and Equivalents | 0.64 |
| Other | 1.14 |
| Name | Percent |
|---|---|
| Fixed Income | 63.71 |
| Financial Services | 15.03 |
| Energy | 4.47 |
| Technology | 4.28 |
| Mutual Fund | 3.29 |
| Other | 9.22 |
| Name | Percent |
|---|---|
| North America | 43.15 |
| Asia | 7.47 |
| Europe | 4.25 |
| Latin America | 3.54 |
| Africa and Middle East | 1.36 |
| Other | 40.23 |
| Name | Percent |
|---|---|
| Mackenzie Floating Rate Income ETF (MFT) | 46.99 |
| SPDR Bloomberg Emerging Markets Lcl Bnd ETF (EBND) | 15.99 |
| SPDR S&P 500 ETF Trust (SPY) | 11.99 |
| Diversified Royalty Corp | 5.87 |
| Vanguard FTSE Canadian High Div Yld Idx ETF (VDY) | 2.29 |
| Main Street Capital Corp | 2.27 |
| Bank of Nova Scotia | 2.20 |
| Enbridge Inc | 2.20 |
| Hercules Capital Inc | 1.98 |
| SLR Investment Corp | 1.31 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 11.33% | - | - |
|---|---|---|---|
| Beta | 1.04% | - | - |
| Alpha | 0.01% | - | - |
| Rsquared | 0.37% | - | - |
| Sharpe | -0.22% | - | - |
| Sortino | -0.32% | - | - |
| Treynor | -0.02% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.71% | 11.33% | - | - |
| Beta | 0.63% | 1.04% | - | - |
| Alpha | 0.06% | 0.01% | - | - |
| Rsquared | 0.41% | 0.37% | - | - |
| Sharpe | 0.33% | -0.22% | - | - |
| Sortino | 0.88% | -0.32% | - | - |
| Treynor | 0.04% | -0.02% | - | - |
| Tax Efficiency | 73.35% | - | - | - |
| Start Date | June 11, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $19 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC8094 |
The Fund seeks to provide a high level of current income and the potential for long-term capital appreciation primarily through long and/or short positions in fixed-income securities and equity securities of issuers anywhere in the world. The Fund may engage in physical short sales and borrowing and/or use derivatives for hedging and investment purposes.
To achieve its investment objectives, the Fund will pursue a flexible approach to gaining long and/or short exposure to yield-oriented (i) fixed income securities, including lower-rated debt securities; and (ii) equity securities. The Fund will typically invest in both traditional and non-traditional securities which have historically generated a significant portion of their total return from income.
| Name | Start Date |
|---|---|
| Mackenzie Financial Corporation | 06-11-2020 |
| Fund Manager | Mackenzie Financial Corporation |
|---|---|
| Advisor | Mackenzie Financial Corporation |
| Custodian | Canadian Imperial Bank of Commerce |
| Registrar | Mackenzie Financial Corporation |
| Distributor | - |
| Auditor | Deloitte LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.32% |
|---|---|
| Management Fee | 1.85% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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