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Mackenzie North American Corporate Bond Fund Series A
High Yield Fixed Income
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FundGrade D
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|
NAVPS (07-30-2026) |
$9.37 |
|---|---|
| Change |
$0.01
(0.15%)
|
As at June 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (June 18, 2009): 4.23%
| 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 | 0.13% | 1.37% | 0.56% | 0.56% | 2.39% | 4.50% | 5.57% | 5.21% | 1.48% | 2.82% | 2.55% | 2.67% | 2.40% | 3.08% |
| Benchmark | 2.93% | 4.53% | 5.26% | 5.26% | 9.62% | 10.56% | 11.83% | 12.00% | 6.19% | 6.01% | 5.66% | 5.81% | 5.54% | 6.21% |
| Category Average | 0.09% | 2.19% | 1.64% | 1.64% | 4.58% | 6.07% | 6.70% | 6.25% | 2.52% | 3.98% | 3.29% | 3.45% | 3.22% | 3.69% |
| Category Rank | 180 / 253 | 235 / 252 | 223 / 250 | 223 / 250 | 227 / 245 | 216 / 242 | 213 / 235 | 215 / 232 | 208 / 229 | 204 / 218 | 182 / 212 | 171 / 197 | 161 / 185 | 143 / 169 |
| Quartile Ranking | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.47% | 0.18% | 0.78% | 0.07% | 0.37% | -0.06% | 0.00% | 0.33% | -1.12% | 1.15% | 0.09% | 0.13% |
| Benchmark | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% |
Best Monthly Return Since Inception
4.49% (March 2016)
Worst Monthly Return Since Inception
-9.03% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 13.10% | 4.76% | -5.60% | 11.50% | 5.34% | 2.30% | -11.14% | 7.68% | 7.34% | 3.76% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 2 | 3 | 4 | 2 | 2 | 4 | 4 | 4 | 3 | 4 |
| Category Rank | 72/ 168 | 106/ 176 | 178/ 187 | 95/ 211 | 108/ 217 | 186/ 222 | 182/ 229 | 196/ 235 | 144/ 241 | 220/ 242 |
Best Calendar Return (Last 10 years)
13.10% (2016)
Worst Calendar Return (Last 10 years)
-11.14% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 66.13 |
| Canadian Corporate Bonds | 16.42 |
| Cash and Equivalents | 10.92 |
| Foreign Bonds - Funds | 4.36 |
| Foreign Bonds - Other | 0.69 |
| Other | 1.48 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 88.55 |
| Cash and Cash Equivalent | 10.92 |
| Utilities | 0.41 |
| Financial Services | 0.07 |
| Telecommunications | 0.05 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 93.60 |
| Multi-National | 4.36 |
| Europe | 0.49 |
| Latin America | 0.01 |
| Other | 1.54 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 5.53 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 3.87 |
| Mackenzie Global Sustainable High Yield Bond Fund Series R | 2.97 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.46 |
| Mackenzie Global High Yield Fixed Incom ETF (MHYB) | 1.80 |
| Mackenzie High Quality Floating Rate Fund Series R | 1.39 |
| Sagard Credit Partners II LP | 1.07 |
| TELUS Corp. F/R 15-Oct-2055 | 0.79 |
| Go Daddy Operating Co LLC 3.50% 01-Mar-2029 | 0.77 |
| TransCanada Trust 4.65% 18-May-2027 | 0.74 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie North American Corporate Bond Fund Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.30% | 4.87% | 5.48% |
|---|---|---|---|
| Beta | 0.26 | 0.57 | 0.56 |
| Alpha | 0.02 | -0.02 | 0.00 |
| Rsquared | 0.13% | 0.51% | 0.42% |
| Sharpe | 0.60 | -0.28 | 0.23 |
| Sortino | 1.50 | -0.38 | 0.04 |
| Treynor | 0.07 | -0.02 | 0.02 |
| Tax Efficiency | 69.18% | - | 45.35% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.88% | 3.30% | 4.87% | 5.48% |
| Beta | 0.09 | 0.26 | 0.57 | 0.56 |
| Alpha | 0.02 | 0.02 | -0.02 | 0.00 |
| Rsquared | 0.03% | 0.13% | 0.51% | 0.42% |
| Sharpe | 0.03 | 0.60 | -0.28 | 0.23 |
| Sortino | -0.43 | 1.50 | -0.38 | 0.04 |
| Treynor | 0.01 | 0.07 | -0.02 | 0.02 |
| Tax Efficiency | 35.48% | 69.18% | - | 45.35% |
Fund Details
| Start Date | June 18, 2009 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,110 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC2979 | ||
| MFC3683 |
Investment Objectives
The Fund seeks to generate above-average income with potential for long-term capital growth by investing primarily in higher yielding fixed-income securities of corporate issuers.
Investment Strategy
The Fund will generally invest more than 40% of its assets in fixed income securities that have a credit rating below “BBB-” as rated by a recognized credit rating organization and may invest in unrated debt instruments. Where securities have a lower credit qualify, a bottom-up approach including an analysis of business, cash flows and recovery value will also be sued to value the opportunity.
Portfolio Management
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 0 |
Fees
| MER | 1.86% |
|---|---|
| Management Fee | 1.45% |
| Load | Choice of Front or No Load |
| FE Max | - |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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