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Mackenzie Corporate Bond Fund Series LB

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2013, 2012

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NAVPS
(06-12-2024)
$8.82
Change
$0.03 (0.31%)

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Mackenzie Corporate Bond Fund Series LB

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Fund Returns

Inception Return (January 19, 2012): 3.28%

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 0.92% 1.38% 5.01% 2.54% 8.00% 3.75% 0.58% 2.95% 2.71% 2.64% 2.28% 3.04% 2.30% 2.16%
Benchmark 0.00% 1.38% 5.64% 4.71% 11.59% 9.36% 3.70% 3.44% 3.27% 4.18% 3.35% 4.92% 4.94% 5.70%
Category Average 1.16% 4.81% 4.81% 1.86% 8.14% 3.69% 0.33% 3.15% 2.38% 2.48% 2.28% 3.12% 2.55% 2.48%
Category Rank 221 / 295 173 / 295 152 / 295 128 / 295 195 / 289 174 / 286 170 / 277 184 / 270 144 / 263 147 / 244 144 / 234 150 / 217 146 / 188 141 / 176
Quartile Ranking 3 3 3 2 3 3 3 3 3 3 3 3 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.36% 0.63% 0.09% -0.65% -0.66% 3.09% 2.40% 0.96% 0.19% 1.04% -0.57% 0.92%
Benchmark -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00%

Best Monthly Return Since Inception

4.35% (March 2016)

Worst Monthly Return Since Inception

-8.22% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.14% -4.50% 11.01% 3.73% -3.21% 9.07% 5.72% 3.74% -9.83% 8.21%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 4 3 3 4 3 3 2 3 3 3
Category Rank 158/ 169 126/ 181 131/ 197 174/ 225 154/ 236 168/ 261 115/ 269 143/ 271 142/ 280 198/ 289

Best Calendar Return (Last 10 years)

11.01% (2016)

Worst Calendar Return (Last 10 years)

-9.83% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 53.13
Canadian Corporate Bonds 34.08
Cash and Equivalents 4.80
Canadian Equity 2.89
Foreign Bonds - Other 2.06
Other 3.04

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.25
Cash and Cash Equivalent 4.79
Utilities 0.90
Energy 0.79
Consumer Goods 0.65
Other 1.62

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.85
Latin America 2.12
Europe 1.03
Asia 0.00

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 4.08
Videotron Ltd 5.63% 15-Jun-2025 1.81
Parkland Corp 4.38% 26-Mar-2029 1.79
Videotron Ltd 3.63% 15-Jun-2028 1.67
Superior Plus LP 4.25% 18-May-2028 1.64
Parkland Corp 4.50% 01-Oct-2029 1.49
Northleaf Private Credit II LP MI 15 1.47
Keyera Corp 6.88% 13-Jun-2079 1.44
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.34
TransCanada Trust 4.65% 18-May-2027 1.32

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Mackenzie Corporate Bond Fund Series LB

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.18% 6.14% 5.38%
Beta 0.57% 0.69% 0.40%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.58% 0.63% 0.27%
Sharpe -0.42% 0.14% 0.16%
Sortino -0.58% -0.03% -0.17%
Treynor -0.04% 0.01% 0.02%
Tax Efficiency - 36.81% 18.33%
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 4.03% 5.18% 6.14% 5.38%
Beta 0.34% 0.57% 0.69% 0.40%
Alpha 0.04% -0.02% 0.00% 0.00%
Rsquared 0.12% 0.58% 0.63% 0.27%
Sharpe 0.73% -0.42% 0.14% 0.16%
Sortino 3.13% -0.58% -0.03% -0.17%
Treynor 0.09% -0.04% 0.01% 0.02%
Tax Efficiency 76.07% - 36.81% 18.33%

Fund Details

Start Date January 19, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $336

Fund Codes

FundServ Code Load Code Sales Status
MFC4414

Investment Objectives

The Fund seeks above-average income with the potential for longterm growth of accumulated capital. The Fund invests primarily in higher yielding Canadian corporate securities (both equity and fixed-income securities). Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.

Investment Strategy

The Fund’s investments are generally expected to have a weighted average credit quality of “BB-” or higher, as rated by a recognized credit rating organization. The portfolio manager may vary the weighted average credit quality. The investment approach follows a fundamental analysis to select investments for the Fund, by reviewing the values of the Fund’s investments on an ongoing basis, paying particular attention to credit quality.

Portfolio Manager(s)

Name Start Date
Konstantin Boehmer 02-20-2020
Dan Cooper 02-20-2020
Steve Locke 02-20-2020
Movin Mokbel 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 1.76%
Management Fee 1.35%
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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