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Mackenzie Strategic Bond Fund Series LB
Canadian Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade D
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|
NAVPS (06-22-2026) |
$9.11 |
|---|---|
| Change |
-$0.03
(-0.30%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (December 04, 2014): 1.46%
| 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 | 1.28% | -0.91% | -0.11% | 1.27% | 2.64% | 4.25% | 3.43% | 2.57% | -0.03% | -0.16% | 0.69% | 1.23% | 0.96% | 1.25% |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 1.24% | -0.66% | 0.15% | 1.39% | 2.55% | 4.42% | 3.76% | 2.80% | 0.25% | 0.19% | 0.90% | 1.44% | 1.11% | 1.25% |
| Category Rank | 395 / 494 | 467 / 493 | 441 / 488 | 399 / 489 | 342 / 473 | 381 / 439 | 358 / 415 | 351 / 403 | 353 / 390 | 303 / 368 | 287 / 354 | 285 / 334 | 237 / 308 | 189 / 281 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 3 | 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 | 0.29% | -0.64% | 0.36% | 1.95% | 0.60% | 0.19% | -1.36% | 0.69% | 1.50% | -2.29% | 0.13% | 1.28% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
Best Monthly Return Since Inception
4.10% (January 2015)
Worst Monthly Return Since Inception
-3.62% (April 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.16% | 1.97% | -0.08% | 5.91% | 8.38% | -3.17% | -11.93% | 5.14% | 3.92% | 1.70% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | 1.60% | 1.96% | -0.34% | 6.21% | 8.18% | -2.79% | -12.16% | 6.16% | 3.68% | 2.23% |
| Quartile Ranking | 1 | 2 | 4 | 3 | 3 | 3 | 3 | 4 | 3 | 4 |
| Category Rank | 21/ 265 | 132/ 298 | 280/ 319 | 234/ 348 | 198/ 360 | 272/ 382 | 229/ 399 | 382/ 407 | 255/ 431 | 423/ 469 |
Best Calendar Return (Last 10 years)
8.38% (2020)
Worst Calendar Return (Last 10 years)
-11.93% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Government Bonds | 46.59 |
| Canadian Corporate Bonds | 40.91 |
| Foreign Government Bonds | 4.09 |
| Foreign Corporate Bonds | 3.25 |
| Cash and Equivalents | 2.49 |
| Other | 2.67 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 97.11 |
| Cash and Cash Equivalent | 2.49 |
| Real Estate | 0.19 |
| Financial Services | 0.13 |
| Utilities | 0.10 |
| Other | -0.02 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 92.97 |
| Multi-National | 1.56 |
| Latin America | 1.25 |
| Europe | 0.49 |
| Asia | 0.10 |
| Other | 3.63 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 3.25% 01-Jun-2035 | 8.28 |
| Ontario Province 3.95% 02-Dec-2035 | 4.62 |
| Canada Government 3.00% 01-Feb-2027 | 4.47 |
| Province of Ontario 3.90% 02-Jun-2036 | 3.22 |
| Quebec Province 4.40% 01-Dec-2055 | 2.86 |
| Canada Government 2.75% 01-Dec-2055 | 2.83 |
| Government of Mexico 0.00% 23-Dec-2027 | 2.33 |
| CPPIB Capital Inc 4.30% 02-Jun-2034 | 1.98 |
| British Clmbia Invst Mgmt Corp 4.00% 02-Jun-2035 | 1.81 |
| Ontario Province 4.60% 02-Dec-2055 | 1.57 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Strategic Bond Fund Series LB
Median
Other - Canadian Fixed Income
3 Yr Annualized
| Standard Deviation | 4.96% | 5.74% | 4.95% |
|---|---|---|---|
| Beta | 0.90 | 0.94 | 0.91 |
| Alpha | 0.00 | -0.01 | 0.00 |
| Rsquared | 0.89% | 0.93% | 0.93% |
| Sharpe | -0.02 | -0.48 | -0.11 |
| Sortino | 0.15 | -0.65 | -0.44 |
| Treynor | 0.00 | -0.03 | -0.01 |
| Tax Efficiency | 68.09% | - | 29.14% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.14% | 4.96% | 5.74% | 4.95% |
| Beta | 1.02 | 0.90 | 0.94 | 0.91 |
| Alpha | 0.00 | 0.00 | -0.01 | 0.00 |
| Rsquared | 0.98% | 0.89% | 0.93% | 0.93% |
| Sharpe | 0.08 | -0.02 | -0.48 | -0.11 |
| Sortino | -0.10 | 0.15 | -0.65 | -0.44 |
| Treynor | 0.00 | 0.00 | -0.03 | -0.01 |
| Tax Efficiency | 55.41% | 68.09% | - | 29.14% |
Fund Details
| Start Date | December 04, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $316 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC4464 |
Investment Objectives
The Fund seeks to provide a steady flow of income by investing primarily in Canadian government and corporate fixed-income instruments and asset-backed securities with maturities of more than one year. Preservation of capital is an important factor in the selection of portfolio investments. 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 may invest up to 25% of its assets in securities that have a credit rating below “BBB-” as rated by a recognized credit rating organization and intends to maintain an average credit rating of “BBB-” or higher. The Fund may also invest in unrated debt instruments and preferred shares.
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 |
LBC Financial Services Inc. |
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 | 1.46% |
|---|---|
| Management Fee | 1.10% |
| 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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