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IG Mackenzie Global Financial Services Fund Series C

Financial Services Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023

Click for more information on Fundata’s FundGrade

NAVPS
(04-17-2024)
$21.10
Change
-$0.05 (-0.25%)

As at March 31, 2024

As at January 31, 2024

As at February 29, 2024

Period
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IG Mackenzie Global Financial Services Fund Series C

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Fund Returns

Inception Return (January 25, 2001): 3.99%

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 5.18% 14.56% 24.81% 14.56% 32.02% 16.63% 11.64% 21.04% 12.38% 10.64% 10.99% 12.01% 10.09% 10.83%
Benchmark 3.76% 9.87% 21.36% 9.87% 25.68% 9.80% 9.79% 15.54% 8.54% 7.15% 7.88% 9.74% 7.73% 8.93%
Category Average 5.09% 20.74% 20.74% 8.28% 21.50% 4.12% 6.40% 16.72% 8.69% 6.85% 7.60% 9.48% 7.82% 8.14%
Category Rank 28 / 77 7 / 76 17 / 76 7 / 76 10 / 71 8 / 60 8 / 57 8 / 52 6 / 52 7 / 47 7 / 42 8 / 34 9 / 34 8 / 32
Quartile Ranking 2 1 1 1 1 1 1 1 1 1 1 1 2 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 3.34% -4.31% 4.20% 4.84% -0.63% -1.46% -1.09% 8.03% 1.96% 3.48% 5.25% 5.18%
Benchmark 3.42% -3.87% 2.93% 4.62% -0.85% -2.45% -0.85% 7.51% 3.63% 1.30% 4.53% 3.76%

Best Monthly Return Since Inception

19.21% (November 2020)

Worst Monthly Return Since Inception

-16.58% (January 2009)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 11.97% 18.08% 2.34% 15.02% -2.86% 12.66% 5.69% 20.40% 3.34% 12.42%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking 3 2 4 2 1 4 1 4 1 2
Category Rank 16/ 31 12/ 34 27/ 34 19/ 42 7/ 46 50/ 50 9/ 52 57/ 57 7/ 57 27/ 66

Best Calendar Return (Last 10 years)

20.40% (2021)

Worst Calendar Return (Last 10 years)

-2.86% (2018)

Asset Allocation

Asset Allocation
Name Percent
US Equity 51.98
International Equity 40.08
Canadian Equity 6.02
Cash and Equivalents 1.93
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 94.00
Industrial Services 2.65
Cash and Cash Equivalent 1.92
Real Estate 0.70
Energy 0.65
Other 0.08

Geographic Allocation

Geographic Allocation
Name Percent
North America 59.71
Europe 23.80
Asia 12.75
Latin America 3.15
Africa and Middle East 0.53
Other 0.06

Top Holdings

Top Holdings
Name Percent
Visa Inc Cl A 5.37
JPMorgan Chase & Co 5.14
Mastercard Inc Cl A 4.75
Berkshire Hathaway Inc Cl B 4.07
Wells Fargo & Co 2.78
S&P Global Inc 2.37
Mitsubishi UFJ Financial Group Inc 2.21
Bank of America Corp 1.75
Sumitomo Mitsui Financial Group Inc 1.73
Chubb Ltd 1.67

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

IG Mackenzie Global Financial Services Fund Series C

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 16.32% 18.82% 15.43%
Beta 1.09% 1.09% 1.05%
Alpha 0.01% 0.03% 0.02%
Rsquared 0.80% 0.83% 0.84%
Sharpe 0.60% 0.61% 0.66%
Sortino 0.90% 0.92% 0.88%
Treynor 0.09% 0.11% 0.10%
Tax Efficiency 92.10% 95.06% 96.63%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.37% 16.32% 18.82% 15.43%
Beta 1.02% 1.09% 1.09% 1.05%
Alpha 0.05% 0.01% 0.03% 0.02%
Rsquared 0.92% 0.80% 0.83% 0.84%
Sharpe 1.94% 0.60% 0.61% 0.66%
Sortino 5.03% 0.90% 0.92% 0.88%
Treynor 0.23% 0.09% 0.11% 0.10%
Tax Efficiency 90.76% 92.10% 95.06% 96.63%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date January 25, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Partially Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $202

Fund Codes

FundServ Code Load Code Sales Status
IGI174
IGI175

Investment Objectives

The Fund aims to provide long-term capital growth with an income component via dividends, by investing primarily in large leading global financial services providers and the companies that provide technology and support services to these companies. The Fund may also invest a portion of its assets in medium and small cap financial services companies and/or support services or companies engaged in providing financial services electronically via the Internet and/or proprietary online access.

Investment Strategy

The Fund expects to focus on investing primarily in the common shares of companies in industries such as banking, insurance, asset management and stock brokerages throughout the world. There is expected to be a “best-in-class” sector approach taken with emphasis on large Capitalization corporations. The Fund uses a blend of growth and value equity management styles, seeking to invest in high-quality companies that are undervalued and have attractive growth prospects.

Portfolio Manager(s)

Name Start Date
Arup Datta 02-01-2023
Mackenzie Financial Corporation 02-01-2023

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 2.93%
Management Fee 1.95%
Load Choice of Back or No Load
FE Max -
DSC Max 1.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.70%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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