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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
(02-13-2025)
$9.02
Change
$0.01 (0.12%)

As at January 31, 2025

As at November 30, 2024

Period
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Legend

Mackenzie Corporate Bond Fund Series LB

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Fund Returns

Inception Return (January 19, 2012): 3.60%

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 0.81% 2.05% 3.95% 0.81% 8.11% 6.97% 2.59% 2.38% 3.04% 3.63% 3.00% 2.98% 4.26% 3.02%
Benchmark 1.94% 4.92% 8.91% 1.94% 17.87% 13.35% 7.82% 5.31% 5.10% 5.92% 5.97% 5.62% 6.11% 6.06%
Category Average 1.01% 1.78% 3.78% 1.01% 7.76% 6.65% 2.51% 2.10% 2.69% 3.39% 2.90% 3.13% 4.14% 3.18%
Category Rank 244 / 282 134 / 282 162 / 281 244 / 282 168 / 280 181 / 274 195 / 268 170 / 260 152 / 251 154 / 243 144 / 220 151 / 208 144 / 198 146 / 187
Quartile Ranking 4 2 3 4 3 3 3 3 3 3 3 3 3 4

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund 0.19% 1.04% -0.57% 0.92% 0.64% 1.75% 0.70% 0.96% 0.19% 1.06% 0.17% 0.81%
Benchmark 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94%

Best Monthly Return Since Inception

4.35% (March 2016)

Worst Monthly Return Since Inception

-8.22% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -4.50% 11.01% 3.73% -3.21% 9.07% 5.72% 3.74% -9.83% 8.21% 8.27%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 3 3 4 3 3 2 3 3 3 2
Category Rank 130/ 182 130/ 198 172/ 207 141/ 218 169/ 243 116/ 251 148/ 256 136/ 265 204/ 274 126/ 280

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 51.53
Canadian Corporate Bonds 27.36
Cash and Equivalents 13.94
Canadian Equity 2.66
Foreign Bonds - Other 1.61
Other 2.90

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 82.66
Cash and Cash Equivalent 13.94
Utilities 0.91
Industrial Goods 0.68
Consumer Goods 0.64
Other 1.17

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.68
Europe 1.01
Latin America 0.31

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 7.45
Parkland Corp 4.38% 26-Mar-2029 1.71
Videotron Ltd 5.63% 15-Mar-2025 1.65
Videotron Ltd 3.63% 01-Feb-2025 1.61
Superior Plus LP 4.25% 18-May-2028 1.51
Mackenzie High Quality Floating Rate Fund Series R 1.47
Parkland Corp 4.50% 01-Oct-2029 1.43
Keyera Corp 6.88% 13-Jun-2079 1.40
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.30
TransCanada Trust 4.65% 18-May-2027 1.28

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 5.22% 6.15% 5.30%
Beta 0.61% 0.68% 0.45%
Alpha -0.02% 0.00% 0.00%
Rsquared 0.61% 0.64% 0.31%
Sharpe -0.20% 0.14% 0.28%
Sortino -0.08% 0.04% 0.03%
Treynor -0.02% 0.01% 0.03%
Tax Efficiency 26.17% 41.21% 41.53%
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 2.05% 5.22% 6.15% 5.30%
Beta 0.10% 0.61% 0.68% 0.45%
Alpha 0.06% -0.02% 0.00% 0.00%
Rsquared 0.03% 0.61% 0.64% 0.31%
Sharpe 1.76% -0.20% 0.14% 0.28%
Sortino 5.82% -0.08% 0.04% 0.03%
Treynor 0.36% -0.02% 0.01% 0.03%
Tax Efficiency 76.17% 26.17% 41.21% 41.53%

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) $362

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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