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Mackenzie Income Fund Series LB

Canadian Fix Inc Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

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NAVPS
(06-24-2024)
$6.63
Change
$0.02 (0.26%)

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Mackenzie Income Fund Series LB

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Fund Returns

Inception Return (January 23, 2012): 3.47%

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 1.93% 1.16% 4.37% 1.06% 5.56% 2.53% -0.13% 1.55% 1.89% 2.36% 2.02% 2.67% 2.42% 2.84%
Benchmark 0.69% 0.14% 2.93% -0.59% 4.74% 2.34% 0.07% 1.58% 2.23% 2.88% 2.65% 2.97% 2.78% 3.20%
Category Average 1.91% 4.95% 4.95% 1.80% 6.77% 3.40% 0.53% 2.21% 2.30% 2.53% 2.20% 2.61% 2.33% 2.64%
Category Rank 193 / 418 284 / 418 308 / 417 339 / 417 330 / 415 348 / 410 304 / 386 253 / 353 243 / 342 210 / 306 186 / 288 157 / 273 152 / 252 140 / 244
Quartile Ranking 2 3 3 4 4 4 4 3 3 3 3 3 3 3

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.76% -0.24% -0.70% -2.68% -0.21% 4.34% 3.28% -0.71% 0.61% 1.29% -2.02% 1.93%
Benchmark 0.81% -0.16% -0.48% -2.80% -0.48% 5.03% 3.54% -0.88% 0.16% 1.39% -1.91% 0.69%

Best Monthly Return Since Inception

4.43% (April 2020)

Worst Monthly Return Since Inception

-5.52% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.75% 1.63% 6.08% 4.28% -2.30% 10.27% 6.89% 3.50% -10.27% 6.27%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.62% 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21%
Quartile Ranking 2 3 1 3 3 2 3 3 3 4
Category Rank 97/ 236 182/ 252 64/ 262 147/ 285 202/ 298 107/ 322 198/ 351 226/ 374 231/ 390 335/ 413

Best Calendar Return (Last 10 years)

10.27% (2019)

Worst Calendar Return (Last 10 years)

-10.27% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 28.93
Canadian Government Bonds 21.98
Canadian Equity 14.31
US Equity 8.90
Cash and Equivalents 7.90
Other 17.98

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 61.93
Cash and Cash Equivalent 7.90
Financial Services 7.40
Technology 4.11
Energy 3.81
Other 14.85

Geographic Allocation

Geographic Allocation
Name Percent
North America 91.75
Europe 4.94
Latin America 1.63
Asia 1.42
Multi-National 0.07
Other 0.19

Top Holdings

Top Holdings
Name Percent
Ontario Province 3.65% 02-Jun-2033 5.34
Cash and Cash Equivalents 4.26
Quebec Province 4.40% 01-Dec-2055 2.60
Mackenzie North American Corporate Bond Fund A 2.10
Ontario Province 4.15% 02-Dec-2054 1.97
Quebec Province 3.60% 01-Sep-2033 1.53
Mackenzie Canadian Aggregate Bond Index ETF (QBB) 1.48
Canada Government 1.75% 01-Dec-2053 1.39
Mackenzie Credit Absolute Return Fund Series A 1.17
Alberta Province 3.10% 01-Jun-2050 1.06

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Mackenzie Income Fund Series LB

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 7.40% 7.11% 5.80%
Beta 0.97% 0.94% 0.95%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.97% 0.96% 0.94%
Sharpe -0.37% 0.01% 0.26%
Sortino -0.52% -0.17% -0.01%
Treynor -0.03% 0.00% 0.02%
Tax Efficiency - 64.37% 63.71%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.05% 7.40% 7.11% 5.80%
Beta 0.92% 0.97% 0.94% 0.95%
Alpha 0.01% 0.00% 0.00% 0.00%
Rsquared 0.95% 0.97% 0.96% 0.94%
Sharpe 0.12% -0.37% 0.01% 0.26%
Sortino 0.66% -0.52% -0.17% -0.01%
Treynor 0.01% -0.03% 0.00% 0.02%
Tax Efficiency 86.92% - 64.37% 63.71%

Fund Details

Start Date January 23, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,236

Fund Codes

FundServ Code Load Code Sales Status
MFC4415

Investment Objectives

The Fund seeks a steady flow of income with reasonable safety of capital by investing primarily in a combination of fixed-income and equity securities of issuers anywhere in the world. Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of votes cast at a meeting of the Fund’s investors called for that purpose.

Investment Strategy

The Fund’s asset mix will generally be kept within the following ranges: 10-40% equity securities; 60-90% fixed-income securities, including cash and cashequivalents. The asset allocation portfolio manager will adjust the percentage of the Fund invested in each asset class based on changes in the market outlook for each asset class.

Portfolio Manager(s)

Name Start Date
Steve Locke 01-23-2012
Felix Wong 01-23-2012
Movin Mokbel 05-01-2013
Dan Cooper 05-01-2013
Konstantin Boehmer 07-01-2013
Darren McKiernan 12-09-2013
Tim Johal 02-20-2020
Martin Downie 02-20-2020

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor LBC Financial Services Inc.
Auditor Deloitte & Touche LLP

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 100

Fees

MER 1.97%
Management Fee 1.50%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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