Fund Library Home Page
Sign In Français

My Watchlist is is a members only feature. Sign in or Sign up for free access to the watchlist feature.

Fund Search
ETF Search
Stock Search

Join Fund Library now and get free access to personalized features to help you manage your investments.

Sign up Now More Info

IG Mackenzie Canadian Money Market Fund - Classic Series

  • Premium Feature Only
Add to My Watchlist

Canadian Money Market

NAVPS
(05-15-2024) 		$1.00
Change
$0.00 (0.00%)

As at April 30, 2024

As at February 29, 2024

Period
Loading...

Legend

IG Mackenzie Canadian Money Market Fund - Classic Series

Compare Options

Fund Returns

Inception Return (May 31, 1985): 3.26%

Fund Returns
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 0.36% 1.01% 2.07% 1.39% 4.12% 3.23% 2.15% 1.62% 1.45% 1.34% 1.19% 1.05% 0.94% 0.87%
Benchmark 0.41% 1.22% 2.46% 1.62% 4.90% 4.09% 2.78% 2.11% 2.00% 1.92% 1.77% 1.61% 1.49% 1.42%
Category Average 0.36% 2.23% 2.23% 1.44% 4.29% 3.38% 2.18% 1.66% 1.54% 1.44% 1.30% 1.15% 1.04% 0.96%
Category Rank 195 / 256 200 / 250 200 / 247 198 / 248 195 / 234 178 / 218 168 / 211 161 / 201 153 / 188 141 / 173 131 / 164 127 / 158 122 / 152 120 / 148
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.34% 0.30% 0.33% 0.34% 0.33% 0.36% 0.34% 0.33% 0.37% 0.33% 0.32% 0.36%
Benchmark 0.36% 0.37% 0.40% 0.41% 0.41% 0.41% 0.41% 0.41% 0.40% 0.40% 0.40% 0.41%

Best Monthly Return Since Inception

1.00% (December 1990)

Worst Monthly Return Since Inception

0.00% (May 1985)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.28% 0.13% 0.10% 0.17% 0.58% 0.90% 0.25% 0.01% 1.19% 3.89%
Benchmark 0.91% 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71%
Category Average 0.30% 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06%
Quartile Ranking 3 4 4 4 4 4 4 3 4 4
Category Rank 107/ 145 115/ 151 124/ 155 126/ 163 147/ 168 162/ 185 171/ 198 147/ 211 180/ 215 184/ 225

Best Calendar Return (Last 10 years)

3.89% (2023)

Worst Calendar Return (Last 10 years)

0.01% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 98.97
Canadian Corporate Bonds 0.95
Canadian Bonds - Other 0.07
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 98.97
Financial Services 0.52
Fixed Income 0.50
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Toronto-Dominion Bank 5.65% 31-Jan-2025 4.35
National Bank of Canada 0.00% 02-Aug-2024 4.30
Bankers Acceptance Disc #138793 3.56
Bearer Deposit Note Disc #138639 2.87
Bank of Nova Scotia 5.66% 28-Mar-2024 2.82
Bank of Montreal 2.37% 03-Jan-2025 2.63
Bearer Deposit Note Disc #138881 2.53
BCI QuadReal Realty 1.06% 12-Mar-2024 2.46
Toronto-Dominion Bank 2.85% 08-Mar-2024 2.25
Royal Bank of Canada 2.35% 02-Jul-2024 2.21

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

IG Mackenzie Canadian Money Market Fund - Classic Series

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.53% 0.48% 0.38%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino -1.59% -2.44% -2.98%
Treynor - - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.07% 0.53% 0.48% 0.38%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - -1.59% -2.44% -2.98%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date May 31, 1985
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $878

Fund Codes

FundServ Code Load Code Sales Status
IGI012
IGI087
IGI379

Investment Objectives

The Fund aims to provide secure current income, capital stability, and liquidity by investing primarily in high-quality, short-term Canadian money market investments.

Investment Strategy

The Fund selects investments that include: short-term debt issued or guaranteed by the federal, provincial or municipal government(s) including treasury bills; promissory notes; non-government obligations issued by chartered banks, including bankers’ acceptances, term deposits, floating rate notes and asset-backed securities; and commercial paper issued by corporations, including floating rate notes and asset-backed securities.

Portfolio Manager(s)

Name Start Date
I.G. Investment Management, Ltd. 12-09-2002
Steve Locke 02-02-2021
Felix Wong 02-02-2021
Caroline Chan 09-29-2021
Jenny Wan 09-29-2021
Mark Hamlin 09-29-2021
Konstantin Boehmer 08-30-2022

Management and Organization

Fund Manager I.G. Investment Management, Ltd.
Advisor I.G. Investment Management, Ltd.
Custodian Canadian Imperial Bank of Commerce
Registrar I.G. Investment Management, Ltd.
Distributor Investors Group Financial Services Inc.
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 250
SWP Min Withdrawal 100

Fees

MER 1.17%
Management Fee 1.00%
Load Choice of Front or Back
FE Max -
DSC Max 1.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.07%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.

Sign up Now More Info