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Mackenzie Unconstrained Fixed Income Fund Series A

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Multi-Sector Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-25-2024) 		$8.57
Change
$0.00 (0.00%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

Mackenzie Unconstrained Fixed Income Fund Series A

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Fund Returns

Inception Return (December 01, 2014): 1.78%

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 0.73% 0.40% 0.89% 0.89% 4.44% 3.81% -0.81% -0.25% 0.30% 0.75% 0.91% 1.97% 1.67% -
Benchmark 1.11% 0.68% 2.26% 2.26% 7.20% 5.67% -1.00% -1.87% 0.11% 1.12% 1.30% 1.35% 2.41% 3.23%
Category Average 0.64% 0.85% 0.85% 0.85% 5.01% - - - - - - - - -
Category Rank 143 / 295 174 / 294 185 / 293 185 / 293 183 / 284 168 / 283 144 / 276 183 / 250 180 / 238 183 / 218 130 / 182 76 / 156 74 / 120 -
Quartile Ranking 2 3 3 3 3 3 3 3 4 4 3 2 3 -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.33% -0.53% -1.29% -0.59% 2.86% 2.78% 0.06% -0.27% 0.71% -1.65% 1.33% 0.73%
Benchmark 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67% -0.78% 0.36% 1.11%

Best Monthly Return Since Inception

3.04% (January 2023)

Worst Monthly Return Since Inception

-3.35% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -4.03% 13.19% 3.53% 0.03% 4.76% 4.59% -1.77% -8.14% 5.74%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - 4 1 2 2 4 3 4 2 3
Category Rank - 106/ 107 10/ 131 81/ 168 58/ 204 193/ 234 170/ 248 235/ 266 98/ 276 199/ 284

Best Calendar Return (Last 10 years)

13.19% (2016)

Worst Calendar Return (Last 10 years)

-8.14% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 41.09
Canadian Corporate Bonds 23.53
Foreign Government Bonds 17.18
Cash and Equivalents 11.90
Foreign Bonds - Other 2.19
Other 4.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 86.01
Cash and Cash Equivalent 11.91
Consumer Goods 0.57
Utilities 0.52
Financial Services 0.25
Other 0.74

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.23
Latin America 5.83
Europe 3.91
Asia 1.56
Africa and Middle East 1.39
Other 0.08

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 8.54
Mackenzie Canadian All Corporate Bond Ix ETF (QCB) 2.36
Bundesobligation 2.10% 12-Apr-2029 2.02
United States Treasury 3.50% 15-Feb-2033 1.94
Northleaf Private Credit II LP MI 15 1.77
Mexico Government 7.75% 23-Nov-2034 1.47
United States Treasury 0.13% 15-Feb-2052 1.32
Government of New Zealand 4.25% 15-May-2034 1.29
Mexico Government 8.50% 01-Mar-2029 1.29
South Africa Government 8.88% 28-Feb-2035 1.23

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Mackenzie Unconstrained Fixed Income Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 4.79% 4.34% -
Beta 0.52% 0.42% -
Alpha 0.00% 0.00% -
Rsquared 0.53% 0.38% -
Sharpe -0.77% -0.39% -
Sortino -1.01% -0.77% -
Treynor -0.07% -0.04% -
Tax Efficiency - - -
Volatility 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 4.93% 4.79% 4.34% -
Beta 0.67% 0.52% 0.42% -
Alpha 0.00% 0.00% 0.00% -
Rsquared 0.42% 0.53% 0.38% -
Sharpe -0.08% -0.77% -0.39% -
Sortino 0.53% -1.01% -0.77% -
Treynor -0.01% -0.07% -0.04% -
Tax Efficiency 65.66% - - -

Fund Details

Start Date December 01, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Partially Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,971

Fund Codes

FundServ Code Load Code Sales Status
MFC4762
MFC4763
MFC7236

Investment Objectives

The Fund aims to provide a positive total return over a market cycle, regardless of market conditions, by investing primarily in fixed-income securities of issuers anywhere in the world and derivative instruments.

Investment Strategy

The Fund’s investments may include investment-grade bonds; lower quality fixed-income investments, which may include instruments that have a weighted average credit quality below investment grade (rated below “BBB-” by a recognized credit rating organization) or that are unrated; mortgage- and asset-backed securities; preferred shares; floating-rate debt instruments and other floating securities.

Portfolio Manager(s)

Name Start Date
Steve Locke 12-01-2014
Dan Cooper 12-01-2014
Konstantin Boehmer 12-01-2014
Movin Mokbel 12-01-2014

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 5,000
SWP Min Withdrawal 100

Fees

MER 1.80%
Management Fee 1.40%
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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