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Mackenzie Maximum Diversification US Index Fund Series A

U.S. Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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NAVPS
(06-13-2024)
$16.40
Change
$0.06 (0.35%)

As at May 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Mackenzie Maximum Diversification US Index Fund Series A

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Fund Returns

Inception Return (June 27, 2016): 7.48%

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 2.48% 2.43% 12.42% 9.85% 14.26% 7.71% 2.26% 5.00% 6.58% 6.17% 6.23% - - -
Benchmark 4.13% 4.42% 16.83% 14.76% 28.51% 19.27% 14.11% 16.24% 15.99% 14.69% 13.97% 14.82% 13.94% 15.30%
Category Average 3.55% 15.00% 15.00% 11.98% 25.05% 14.75% 9.12% 13.17% 12.35% 10.96% 10.65% 11.25% 10.08% 11.03%
Category Rank 1,048 / 1,373 915 / 1,369 1,026 / 1,355 976 / 1,356 1,230 / 1,295 1,140 / 1,239 1,122 / 1,160 1,079 / 1,093 964 / 990 874 / 898 814 / 835 - - -
Quartile Ranking 4 3 4 3 4 4 4 4 4 4 4 - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.99% 1.35% -0.39% -3.99% -1.29% 5.18% 2.34% 3.03% 4.09% 3.28% -3.23% 2.48%
Benchmark 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07% -2.70% 4.13%

Best Monthly Return Since Inception

13.14% (April 2020)

Worst Monthly Return Since Inception

-9.28% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 9.35% 1.52% 18.19% 16.92% 8.16% -12.26% 2.90%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking - - - 4 2 4 2 4 2 4
Category Rank - - - 671/ 777 376/ 868 837/ 943 448/ 1,056 1,118/ 1,132 409/ 1,189 1,205/ 1,253

Best Calendar Return (Last 10 years)

18.19% (2019)

Worst Calendar Return (Last 10 years)

-12.26% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 96.90
International Equity 3.48
Canadian Equity 0.12
Cash and Equivalents -0.51
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Healthcare 26.25
Technology 21.33
Financial Services 15.31
Consumer Goods 13.93
Consumer Services 9.56
Other 13.62

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.51
Latin America 1.49
Europe 1.11
Asia 0.82
Other 0.07

Top Holdings

Top Holdings
Name Percent
Mackenzie Max Diversification US Index ETF (MUS) 100.51
Cash and Cash Equivalents -0.51

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Mackenzie Maximum Diversification US Index Fund Series A

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 12.19% 13.50% -
Beta 0.76% 0.86% -
Alpha -0.08% -0.06% -
Rsquared 0.83% 0.82% -
Sharpe 0.01% 0.39% -
Sortino 0.00% 0.50% -
Treynor 0.00% 0.06% -
Tax Efficiency 77.64% 94.64% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.91% 12.19% 13.50% -
Beta 0.79% 0.76% 0.86% -
Alpha -0.07% -0.08% -0.06% -
Rsquared 0.88% 0.83% 0.82% -
Sharpe 0.91% 0.01% 0.39% -
Sortino 1.89% 0.00% 0.50% -
Treynor 0.11% 0.00% 0.06% -
Tax Efficiency 99.38% 77.64% 94.64% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date June 27, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $39

Fund Codes

FundServ Code Load Code Sales Status
MFC5044
MFC5045
MFC5046

Investment Objectives

The Fund seeks long-term capital growth by investing in equity securities of US companies. The Fund will invest in a manner that aims to enhance the diversification of its investments. The Fund will pursue this objective by investing all or a portion of its assets in a manner that tracks the TOBAM Maximum Diversification USA Index (the “TOBAM Index”), or a substantially similar index, and may also invest in other securities and/or investment funds.

Investment Strategy

The Fund will generally invest substantially all its assets in a manner that tracks the TOBAM Index. Currently, the Fund intends to track the TOBAM Index by investing in Mackenzie Maximum Diversification US Index ETF and/or by investing in the constituent securities of the TOBAM Index in approximately the same proportion as they are reflected in the TOBAM Index.

Portfolio Manager(s)

Name Start Date
Eric Ng 07-14-2020

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 & Touche 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 1.89%
Management Fee 1.50%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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