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Mackenzie Global Tactical Bond Fund Series A

Global Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$7.97
Change
$0.02 (0.29%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Global Tactical Bond Fund Series A

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Fund Returns

Inception Return (April 23, 2014): 0.50%

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 0.70% -0.15% 5.27% -0.15% 1.12% -1.24% -2.46% -1.18% -0.67% -0.48% -0.34% 0.06% -0.06% -
Benchmark 0.40% 0.42% 5.94% 0.42% 0.29% -0.21% -2.75% -4.26% -1.27% -0.48% 0.02% 0.16% 0.88% 1.90%
Category Average 0.75% 5.89% 5.89% -0.15% 2.55% -0.69% -1.73% -0.14% 0.16% 0.37% 0.58% 0.83% 0.83% 1.23%
Category Rank 363 / 541 322 / 538 413 / 513 322 / 538 416 / 490 290 / 417 225 / 337 156 / 280 157 / 245 125 / 203 101 / 168 75 / 135 86 / 123 -
Quartile Ranking 3 3 4 3 4 3 3 3 3 3 3 3 3 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.08% -1.21% 0.23% -0.13% -0.91% -2.04% -0.50% 2.99% 2.88% -0.20% -0.65% 0.70%
Benchmark 0.77% -1.74% -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40%

Best Monthly Return Since Inception

3.16% (November 2022)

Worst Monthly Return Since Inception

-3.66% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 1.47% 2.31% 1.58% -1.86% 4.15% 5.98% -3.06% -10.78% 4.07%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - 4 2 2 4 3 3 3 3 4
Category Rank - 108/ 122 41/ 134 77/ 165 177/ 193 129/ 236 191/ 269 220/ 328 199/ 395 381/ 475

Best Calendar Return (Last 10 years)

5.98% (2020)

Worst Calendar Return (Last 10 years)

-10.78% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 35.59
Canadian Corporate Bonds 24.65
Foreign Corporate Bonds 18.75
Cash and Equivalents 12.18
Canadian Government Bonds 6.63
Other 2.20

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 86.58
Cash and Cash Equivalent 12.18
Financial Services 0.55
Utilities 0.20
Energy 0.19
Other 0.30

Geographic Allocation

Geographic Allocation
Name Percent
North America 74.57
Latin America 11.90
Asia 7.94
Europe 3.36
Africa and Middle East 1.84
Other 0.39

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 10.22
United States Treasury 3.50% 15-Feb-2033 5.55
United States Treasury 0.13% 15-Feb-2052 4.67
Canada Government 3.50% 01-Mar-2028 3.89
New Zealand Government 3.50% 14-Apr-2033 3.84
New Zealand Government 4.25% 15-May-2034 2.30
Mexico Government 8.50% 31-May-2029 2.21
Germany Government 0.00% 15-Aug-2052 2.09
South Africa Government 8.88% 28-Feb-2035 1.83
Brazil Government 10.00% 01-Jan-2027 1.78

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Mackenzie Global Tactical Bond Fund Series A

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 5.84% 5.03% -
Beta 0.57% 0.36% -
Alpha -0.01% 0.00% -
Rsquared 0.46% 0.25% -
Sharpe -0.84% -0.49% -
Sortino -1.11% -0.88% -
Treynor -0.09% -0.07% -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.20% 5.84% 5.03% -
Beta 0.54% 0.57% 0.36% -
Alpha 0.01% -0.01% 0.00% -
Rsquared 0.40% 0.46% 0.25% -
Sharpe -0.67% -0.84% -0.49% -
Sortino -0.54% -1.11% -0.88% -
Treynor -0.06% -0.09% -0.07% -
Tax Efficiency - - - -

Fund Details

Start Date April 23, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $252

Fund Codes

FundServ Code Load Code Sales Status
MFC4710
MFC4711
MFC5150
MFC7227

Investment Objectives

The Fund aims to generate income by investing primarily in a diversified portfolio of fixed-income securities issued by companies or governments of any size, anywhere in the world. The Fund also seeks to achieve long-term capital growth by investing in fixed-income securities and other investments. The Fund will employ a flexible approach, allocating assets across credit quality, structures, sectors, currencies and countries.

Investment Strategy

The investment approach follows a value investment style maximizing the relative value for risk around the world. The Fund has the flexibility to invest across all fixed-income credit qualities and can invest in a wide variety of assets from anywhere in the world including government bonds, high-yield bonds and loans. The Fund can allocate to assets across structures, sectors, currencies and countries. The Fund may invest up to 100% of its net assets in any one sector.

Portfolio Manager(s)

Name Start Date
Steve Locke 04-23-2014
Dan Cooper 04-23-2014
Konstantin Boehmer 04-23-2014
Movin Mokbel 04-23-2014

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor -
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.81%
Management Fee 1.40%
Load Back 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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