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Mackenzie Global Macro Fund Series A
Alternative Multi-Stratgy
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FundGrade C
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|
NAVPS (06-25-2026) |
$10.50 |
|---|---|
| Change |
$0.01
(0.12%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (February 26, 2019): 3.03%
| 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 | 3.36% | 7.10% | 4.17% | 3.69% | 8.74% | 3.63% | 5.58% | 6.14% | 3.80% | 3.11% | 3.03% | - | - | - |
| Benchmark | 2.52% | 1.83% | 12.07% | 10.61% | 36.06% | 28.34% | 24.64% | 17.23% | 15.30% | 18.20% | 15.06% | 13.48% | 12.83% | 12.77% |
| Category Average | 1.10% | 1.04% | 5.92% | 5.25% | 14.71% | 7.79% | 7.68% | 5.50% | 3.91% | 5.34% | 4.59% | - | - | - |
| Category Rank | 31 / 139 | 17 / 136 | 73 / 131 | 80 / 131 | 78 / 112 | 69 / 89 | 57 / 76 | 36 / 54 | 31 / 44 | 35 / 40 | 30 / 34 | - | - | - |
| Quartile Ranking | 1 | 1 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.16% | 0.26% | 1.35% | 2.80% | 0.27% | -0.19% | 0.46% | -0.48% | -2.71% | -1.72% | 5.43% | 3.36% |
| Benchmark | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% |
Best Monthly Return Since Inception
5.48% (September 2022)
Worst Monthly Return Since Inception
-5.83% (April 2025)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | -0.87% | -2.04% | 2.50% | 8.56% | 0.21% | 5.04% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 4.04% | 6.86% | -5.49% | 4.47% | 5.04% | 9.01% |
| Quartile Ranking | - | - | - | - | 4 | 4 | 2 | 1 | 4 | 3 |
| Category Rank | - | - | - | - | 36/ 36 | 40/ 41 | 15/ 48 | 16/ 68 | 72/ 83 | 63/ 101 |
Best Calendar Return (Last 10 years)
8.56% (2023)
Worst Calendar Return (Last 10 years)
-2.04% (2021)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 77.67 |
| Canadian Corporate Bonds | 22.00 |
| Canadian Government Bonds | 1.27 |
| Foreign Corporate Bonds | 0.63 |
| Foreign Government Bonds | 0.37 |
| Other | -1.94 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 77.67 |
| Fixed Income | 24.28 |
| Exchange Traded Fund | -0.49 |
| Other | -1.46 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 101.97 |
| Africa and Middle East | 0.04 |
| Latin America | -0.04 |
| Asia | -0.45 |
| Europe | -0.45 |
| Other | -1.07 |
Top Holdings
| Name | Percent |
|---|---|
| Mackenzie Canadian Money Market Fund Series A | 83.53 |
| Cash and Cash Equivalents | 19.39 |
| iShares TIPS Bond ETF (TIP) | 0.58 |
| SPDR Bloomberg High Yield Bond ETF (JNK) | 0.36 |
| iShares iBoxx $ Inv Grade Corp Bond ETF (LQD) | 0.29 |
| SPI 200 Index Future | 0.21 |
| Swiss Market Index Future | 0.17 |
| OMXS30 Index Future | 0.12 |
| XAU Utilities Jun26 | 0.11 |
| EURO-BUND FUTURE Jun26 | 0.08 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Global Macro Fund Series A
Median
Other - Alternative Multi-Stratgy
3 Yr Annualized
| Standard Deviation | 7.58% | 7.42% | - |
|---|---|---|---|
| Beta | -0.05 | -0.10 | - |
| Alpha | 0.07 | 0.06 | - |
| Rsquared | 0.01% | 0.03% | - |
| Sharpe | 0.28 | 0.15 | - |
| Sortino | 0.53 | 0.20 | - |
| Treynor | -0.42 | -0.11 | - |
| Tax Efficiency | 70.92% | 67.39% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.76% | 7.58% | 7.42% | - |
| Beta | 0.14 | -0.05 | -0.10 | - |
| Alpha | 0.04 | 0.07 | 0.06 | - |
| Rsquared | 0.04% | 0.01% | 0.03% | - |
| Sharpe | 0.82 | 0.28 | 0.15 | - |
| Sortino | 1.54 | 0.53 | 0.20 | - |
| Treynor | 0.44 | -0.42 | -0.11 | - |
| Tax Efficiency | 71.65% | 70.92% | 67.39% | - |
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) | $828 |
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 Management
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
- |
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 | 2.75% |
|---|---|
| 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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