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Mackenzie Global Tactical Bond Fund Series LB

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)
$8.00
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 LB

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Fund Returns

Inception Return (December 01, 2017): -0.09%

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 0.72% -0.08% 5.42% -0.08% 1.43% -0.94% -2.16% -0.89% -0.37% -0.19% - - - -
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 347 / 541 292 / 538 389 / 513 292 / 538 390 / 490 265 / 417 207 / 337 142 / 280 141 / 245 113 / 203 - - - -
Quartile Ranking 3 3 4 3 4 3 3 3 3 3 - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.11% -1.18% 0.25% -0.11% -0.88% -2.02% -0.47% 3.01% 2.90% -0.17% -0.63% 0.72%
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

3.19% (November 2022)

Worst Monthly Return Since Inception

-3.64% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -1.58% 4.42% 6.29% -2.78% -10.51% 4.38%
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 3 3 3 2 4
Category Rank - - - - 171/ 193 122/ 236 171/ 269 211/ 328 182/ 395 361/ 475

Best Calendar Return (Last 10 years)

6.29% (2020)

Worst Calendar Return (Last 10 years)

-10.51% (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 LB

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 5.84% 5.04% -
Beta 0.57% 0.36% -
Alpha -0.01% 0.00% -
Rsquared 0.46% 0.25% -
Sharpe -0.79% -0.43% -
Sortino -1.06% -0.81% -
Treynor -0.08% -0.06% -
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% 5.04% -
Beta 0.54% 0.57% 0.36% -
Alpha 0.01% -0.01% 0.00% -
Rsquared 0.40% 0.46% 0.25% -
Sharpe -0.62% -0.79% -0.43% -
Sortino -0.46% -1.06% -0.81% -
Treynor -0.06% -0.08% -0.06% -
Tax Efficiency 1.24% - - -

Fund Details

Start Date December 01, 2017
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
MFC5379

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. Any proposed change in

Investment Strategy

The Fund will employ a flexible approach to meet its objectives, allocating assets across credit quality, structures, sectors, currencies and countries. The Fund may invest up to 100% of its net assets in any one sector, and can invest in all types of fixed-income securities from around the world. Generally, the Fund will invest from 50% to 100% of its assets in securities of non-Canadian issuers.

Portfolio Manager(s)

Name Start Date
Movin Mokbel 12-01-2017
Steve Locke 12-01-2017
Konstantin Boehmer 12-01-2017
Dan Cooper 12-01-2017

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor LBC Financial Services Inc.
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.50%
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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