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Mackenzie Global Macro Fund Series A

Alternative Multi-Stratgy

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-23-2024)
$10.45
Change
-$0.03 (-0.32%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

Mackenzie Global Macro Fund Series A

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Fund Returns

Inception Return (February 26, 2019): 2.91%

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 0.80% 1.12% 2.46% 2.46% 7.53% 8.65% 3.98% 3.15% 2.32% - - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average -0.08% 3.64% 3.64% 3.64% 7.12% 4.37% 1.46% 3.92% 3.01% - - - - -
Category Rank 29 / 103 47 / 102 69 / 98 69 / 98 53 / 95 12 / 74 18 / 60 41 / 50 35 / 42 - - - - -
Quartile Ranking 2 2 3 3 3 1 2 4 4 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.05% 0.26% 1.17% 1.96% -3.02% 1.53% -0.62% 0.37% 1.59% -0.54% 0.86% 0.80%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

5.48% (September 2022)

Worst Monthly Return Since Inception

-5.59% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - -0.87% -2.04% 2.50% 8.56%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 4.04% 6.86% -5.49% 4.47%
Quartile Ranking - - - - - - 4 4 2 1
Category Rank - - - - - - 40/ 44 54/ 55 20/ 68 19/ 88

Best Calendar Return (Last 10 years)

8.56% (2023)

Worst Calendar Return (Last 10 years)

-2.04% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 95.33
US Equity 3.39
Foreign Corporate Bonds 0.64
Canadian Government Bonds 0.62
Canadian Corporate Bonds 0.34
Other -0.32

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 95.32
Exchange Traded Fund 2.32
Fixed Income 1.11
Financial Services 0.34
Other 0.91

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.58
Africa and Middle East 0.10
Asia 0.07
Latin America 0.01
Europe -0.21
Other -0.55

Top Holdings

Top Holdings
Name Percent
Mackenzie Canadian Money Market Fund Series A 80.42
Cash and Cash Equivalents 15.87
SPDR S&P Oil & Gas Exploration & Prodctn ETF (XOP) 2.32
PO SPX 1.33
CAN 10YR BOND FUT Jun24 0.93
SPDR Bloomberg High Yield Bond ETF (JNK) 0.65
XAB Materials Jun24 0.27
FTSE/JSE Top 40 Index Future (SAF) 0.10
S&P/TSX 60 Index Futures 0.08
XAP Cons Staples Jun24 0.06

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Mackenzie Global Macro Fund Series A

Median

Other - Alternative Multi-Stratgy

3 Yr Annualized

Standard Deviation 6.80% 6.50% -
Beta -0.15% 0.04% -
Alpha 0.05% 0.02% -
Rsquared 0.09% 0.01% -
Sharpe 0.17% 0.06% -
Sortino 0.25% -0.10% -
Treynor -0.08% 0.11% -
Tax Efficiency 71.29% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.34% 6.80% 6.50% -
Beta -0.14% -0.15% 0.04% -
Alpha 0.09% 0.05% 0.02% -
Rsquared 0.10% 0.09% 0.01% -
Sharpe 0.48% 0.17% 0.06% -
Sortino 1.27% 0.25% -0.10% -
Treynor -0.18% -0.08% 0.11% -
Tax Efficiency 73.79% 71.29% - -

Fund Details

Start Date February 26, 2019
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $661

Fund Codes

FundServ Code Load Code Sales Status
MFC5976

Investment Objectives

The Fund seeks to provide a positive total return over a market cycle, regardless of general market direction, by investing long and/or short positions in equity securities, fixed-income securities, and may also invest in physical commodities and/or currencies. The Fund may also engage in physical short sales, borrowing and/or derivatives for investment purposes.

Investment Strategy

The Fund’s strategies include a collection of processes that are expected to derive value from trading markets that are driven from global macro economic data and events such as movements in commodities, currencies, and equity and bond markets. The strategies aim for diversification across risk factors, different excess return streams, time horizons and economic exposures. Investment decisions reflect a blend of fundamental and quantitative research.

Portfolio Manager(s)

Name Start Date
Nelson Arruda 02-20-2020

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 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 2.60%
Management Fee 2.10%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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