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High Yield Fixed Income
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2013, 2012
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|
NAVPS (03-14-2025) |
$8.99 |
|---|---|
| Change |
$0.00
(0.05%)
|
As at February 28, 2025
As at December 31, 2024
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Inception Return (January 19, 2012): 3.61%
| 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 | 0.37% | 1.35% | 3.61% | 1.19% | 8.31% | 7.47% | 3.24% | 2.41% | 3.20% | 3.51% | 3.17% | 2.94% | 4.31% | 2.85% |
| Benchmark | 0.36% | 4.44% | 9.83% | 2.31% | 16.13% | 13.40% | 8.80% | 5.52% | 5.20% | 5.67% | 5.57% | 5.31% | 6.56% | 6.01% |
| Category Average | 0.55% | 1.22% | 3.26% | 1.57% | 8.24% | 7.58% | 3.18% | 2.16% | 3.00% | 3.30% | 3.05% | 3.04% | 4.20% | 3.07% |
| Category Rank | 231 / 282 | 177 / 282 | 143 / 282 | 255 / 282 | 186 / 280 | 215 / 274 | 189 / 268 | 176 / 262 | 169 / 251 | 151 / 243 | 145 / 220 | 145 / 208 | 144 / 199 | 149 / 189 |
| Quartile Ranking | 4 | 3 | 3 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.04% | -0.57% | 0.92% | 0.64% | 1.75% | 0.70% | 0.96% | 0.19% | 1.06% | 0.17% | 0.81% | 0.37% |
| Benchmark | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% | 0.36% |
4.35% (March 2016)
-8.22% (March 2020)
| 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 |
11.01% (2016)
-9.83% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 52.62 |
| Canadian Corporate Bonds | 26.60 |
| Cash and Equivalents | 12.98 |
| Canadian Equity | 2.67 |
| Foreign Bonds - Funds | 1.94 |
| Other | 3.19 |
| Name | Percent |
|---|---|
| Fixed Income | 83.47 |
| Cash and Cash Equivalent | 12.98 |
| Utilities | 0.91 |
| Consumer Goods | 0.66 |
| Industrial Goods | 0.66 |
| Other | 1.32 |
| Name | Percent |
|---|---|
| North America | 96.79 |
| Multi-National | 2.06 |
| Europe | 0.87 |
| Latin America | 0.31 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 7.26 |
| Parkland Corp 4.38% 26-Mar-2029 | 1.70 |
| Videotron Ltd 5.63% 15-Mar-2025 | 1.63 |
| Videotron Ltd 3.63% 01-Feb-2025 | 1.60 |
| Superior Plus LP 4.25% 18-May-2028 | 1.50 |
| Mackenzie High Quality Floating Rate Fund Series R | 1.45 |
| Parkland Corp 4.50% 01-Oct-2029 | 1.44 |
| Keyera Corp 6.88% 13-Jun-2079 | 1.40 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 1.29 |
| TransCanada Trust 4.65% 18-May-2027 | 1.28 |
Mackenzie Corporate Bond Fund Series LB
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.12% | 6.15% | 5.27% |
|---|---|---|---|
| Beta | 0.62% | 0.68% | 0.44% |
| Alpha | -0.02% | 0.00% | 0.00% |
| Rsquared | 0.59% | 0.64% | 0.31% |
| Sharpe | -0.09% | 0.16% | 0.24% |
| Sortino | 0.09% | 0.07% | -0.01% |
| Treynor | -0.01% | 0.01% | 0.03% |
| Tax Efficiency | 42.36% | 44.24% | 37.80% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.02% | 5.12% | 6.15% | 5.27% |
| Beta | 0.14% | 0.62% | 0.68% | 0.44% |
| Alpha | 0.06% | -0.02% | 0.00% | 0.00% |
| Rsquared | 0.06% | 0.59% | 0.64% | 0.31% |
| Sharpe | 1.96% | -0.09% | 0.16% | 0.24% |
| Sortino | 6.06% | 0.09% | 0.07% | -0.01% |
| Treynor | 0.28% | -0.01% | 0.01% | 0.03% |
| Tax Efficiency | 76.93% | 42.36% | 44.24% | 37.80% |
| 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) | $367 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC4414 |
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.
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 |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
LBC Financial Services Inc. |
| 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 |
| 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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