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Mackenzie Unconstrained Fixed Income Fund Series A

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
(04-17-2024)
$8.45
Change
$0.02 (0.27%)

As at March 31, 2024

As at January 31, 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 0.71% 0.49% 5.61% 0.49% 3.57% 1.02% -0.75% 0.66% 0.48% 0.72% 0.89% 2.42% 1.63% -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 250 / 276 177 / 275 215 / 275 177 / 275 179 / 266 117 / 258 149 / 251 182 / 231 166 / 216 146 / 188 111 / 154 46 / 120 55 / 102 -
Quartile Ranking 4 3 4 3 3 2 3 4 4 4 3 2 3 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.31% -1.22% 0.47% 0.33% -0.53% -1.29% -0.59% 2.86% 2.78% 0.06% -0.27% 0.71%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

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 3 2 4 3 4 2 3
Category Rank - 92/ 93 10/ 117 78/ 154 57/ 188 176/ 216 157/ 230 217/ 248 97/ 258 187/ 266

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 39.95
Canadian Corporate Bonds 24.79
Foreign Government Bonds 17.74
Cash and Equivalents 9.74
Canadian Government Bonds 3.61
Other 4.17

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.22
Cash and Cash Equivalent 9.75
Utilities 0.52
Consumer Goods 0.51
Energy 0.26
Other 0.74

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.58
Latin America 7.23
Europe 1.95
Asia 1.73
Africa and Middle East 1.43
Other 0.08

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 3.25
United States Treasury 0.50% 15-Apr-2024 2.66
Mackenzie Canadian All Corporate Bond Ix ETF (QCB) 2.38
United States Treasury 3.50% 15-Feb-2033 1.99
Northleaf Private Credit II LP MI 15 1.83
Mackenzie Canadian Short-Term Bond Index ETF (QSB) 1.71
United States Treasury 0.13% 15-Feb-2052 1.41
New Zealand Government 4.25% 15-May-2034 1.33
United States Treasury 0.13% 15-Jul-2024 1.31
Mexico Government 8.50% 01-Mar-2029 1.28

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 4.61% 4.24% -
Beta 0.48% 0.41% -
Alpha 0.00% 0.00% -
Rsquared 0.51% 0.37% -
Sharpe -0.71% -0.32% -
Sortino -1.04% -0.74% -
Treynor -0.07% -0.03% -
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 4.62% 4.61% 4.24% -
Beta 0.48% 0.48% 0.41% -
Alpha 0.02% 0.00% 0.00% -
Rsquared 0.35% 0.51% 0.37% -
Sharpe -0.25% -0.71% -0.32% -
Sortino 0.24% -1.04% -0.74% -
Treynor -0.02% -0.07% -0.03% -
Tax Efficiency 58.59% - - -

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) $2,955

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 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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