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Mackenzie Floating Rate Income Fund Series A
Floating Rate Loan
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (06-19-2026) |
$7.53 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (May 06, 2013): 3.08%
| 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 | 0.32% | 1.96% | 1.34% | 1.51% | 2.14% | 2.91% | 5.18% | 4.07% | 2.70% | 4.17% | 2.08% | 2.06% | 2.43% | 3.24% |
| Benchmark | 1.25% | 1.18% | 0.47% | 0.86% | 5.92% | 9.12% | 10.77% | 11.60% | 7.56% | 7.79% | 5.87% | 5.60% | 4.77% | 5.49% |
| Category Average | 0.33% | 1.82% | 1.40% | 1.24% | 2.93% | 3.55% | 5.46% | 4.73% | 3.38% | 4.57% | 2.97% | 2.97% | 3.07% | 3.45% |
| Category Rank | 58 / 80 | 40 / 80 | 41 / 80 | 38 / 80 | 64 / 80 | 61 / 76 | 60 / 75 | 66 / 75 | 64 / 74 | 62 / 74 | 62 / 69 | 61 / 66 | 52 / 59 | 39 / 55 |
| Quartile Ranking | 3 | 2 | 3 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.54% | 0.58% | -0.43% | 0.28% | 0.01% | -0.19% | -0.17% | -0.09% | -0.35% | 0.64% | 0.99% | 0.32% |
| Benchmark | 3.17% | -0.61% | 1.78% | 1.96% | -1.40% | 0.48% | -0.39% | -0.04% | -0.27% | -0.70% | 0.63% | 1.25% |
Best Monthly Return Since Inception
2.93% (January 2023)
Worst Monthly Return Since Inception
-12.99% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 9.78% | 5.83% | 1.66% | 3.99% | -1.83% | 3.53% | -6.28% | 9.73% | 7.78% | 0.47% |
| Benchmark | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% | 12.24% |
| Category Average | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% | 1.90% |
| Quartile Ranking | 2 | 2 | 2 | 4 | 4 | 3 | 4 | 3 | 3 | 4 |
| Category Rank | 22/ 54 | 17/ 57 | 33/ 66 | 59/ 68 | 71/ 74 | 55/ 74 | 70/ 74 | 51/ 75 | 51/ 76 | 68/ 80 |
Best Calendar Return (Last 10 years)
9.78% (2016)
Worst Calendar Return (Last 10 years)
-6.28% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 91.55 |
| Cash and Equivalents | 4.78 |
| Canadian Corporate Bonds | 1.87 |
| Foreign Bonds - Other | 1.01 |
| Canadian Equity | 0.49 |
| Other | 0.30 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 94.75 |
| Cash and Cash Equivalent | 4.78 |
| Utilities | 0.29 |
| Financial Services | 0.19 |
| Telecommunications | 0.04 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.17 |
| Europe | 0.74 |
| Latin America | 0.03 |
| Other | 0.06 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 4.58 |
| Sagard Credit Partners II LP | 1.35 |
| Infobip Inc. Term Loan 1st Lien F/R 11-Jun-2029 | 1.25 |
| Delivery Hero Finco LLC. Term Loan B 1st Lien Senior F/R | 1.09 |
| Natgasoline LLC Term Loan B 1st Lien F/R 24-Mar-2030 | 1.04 |
| Jane Street Group LLC Term Loan B 1st Lien Senior | 1.03 |
| Northleaf Private Credit II LP MI 15 | 1.01 |
| DS Parent Inc. Term Loan B 1st Lien Sr F/R 16-Dec-2030 | 0.97 |
| A-Gas FinCo Inc. Term Loan B 1st Lien Sr F/R 13-Dec-2029 | 0.97 |
| Ascend Wellness Holdings Inc 12.75% 16-Jul-2029 | 0.91 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Floating Rate Income Fund Series A
Median
Other - Floating Rate Loan
3 Yr Annualized
| Standard Deviation | 2.05% | 3.07% | 5.16% |
|---|---|---|---|
| Beta | -0.03 | 0.17 | 0.45 |
| Alpha | 0.05 | 0.01 | 0.01 |
| Rsquared | 0.00% | 0.12% | 0.37% |
| Sharpe | 0.73 | -0.06 | 0.28 |
| Sortino | 1.67 | -0.12 | 0.07 |
| Treynor | -0.57 | -0.01 | 0.03 |
| Tax Efficiency | 38.78% | - | 30.66% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.55% | 2.05% | 3.07% | 5.16% |
| Beta | 0.04 | -0.03 | 0.17 | 0.45 |
| Alpha | 0.02 | 0.05 | 0.01 | 0.01 |
| Rsquared | 0.01% | 0.00% | 0.12% | 0.37% |
| Sharpe | -0.14 | 0.73 | -0.06 | 0.28 |
| Sortino | -0.74 | 1.67 | -0.12 | 0.07 |
| Treynor | -0.06 | -0.57 | -0.01 | 0.03 |
| Tax Efficiency | - | 38.78% | - | 30.66% |
Fund Details
| Start Date | May 06, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Partially Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $322 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC4324 |
Investment Objectives
The Fund seeks to generate current income. The Fund invests primarily in floating rate debt obligations and other floating rate debt instruments of issuers located anywhere in the world.
Investment Strategy
The Fund may invest in floating rate debt instruments of issuers rated below investment grade, which are those with a credit rating of below “BBB-” as rated by a recognized credit rating organization. These instruments may include senior loans which have seniority in a company’s structure with the loans generally secured against the issuing company’s assets or other collateral.
Portfolio Management
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
- |
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 | 50 |
Fees
| MER | 1.98% |
|---|---|
| Management Fee | 1.55% |
| Load | Front Fee Only |
| FE Max | - |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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