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Mackenzie Floating Rate Income Fund Series LB

Floating Rate Loan

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-17-2024)
$8.52
Change
$0.00 (0.02%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Floating Rate Income Fund Series LB

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Fund Returns

Inception Return (December 09, 2019): 2.03%

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 0.64% 2.57% 4.81% 2.57% 9.13% 3.45% 2.69% 5.93% - - - - - -
Benchmark 0.28% 3.13% 7.91% 3.13% 11.86% 10.27% 5.84% 8.20% 4.26% 3.19% 4.10% 4.75% 4.77% 4.11%
Category Average 0.44% 4.48% 4.48% 2.04% 9.05% 4.11% 3.29% 6.38% 2.78% 2.73% 2.93% 3.64% 2.85% 3.05%
Category Rank 50 / 80 44 / 80 48 / 79 44 / 80 60 / 79 60 / 78 61 / 78 59 / 78 - - - - - -
Quartile Ranking 3 3 3 3 4 4 4 4 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.76% -0.42% 1.30% 0.87% 0.92% 0.63% -0.23% 1.05% 1.36% 1.11% 0.80% 0.64%
Benchmark 2.66% -2.20% 0.47% 1.38% 2.55% -1.17% 2.29% 2.51% -0.20% 1.33% 1.50% 0.28%

Best Monthly Return Since Inception

2.96% (January 2023)

Worst Monthly Return Since Inception

-12.97% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - -1.57% 3.77% -6.02% 10.04%
Benchmark 1.85% 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42%
Category Average 3.44% -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97%
Quartile Ranking - - - - - - 4 3 4 3
Category Rank - - - - - - 74/ 78 51/ 78 70/ 78 45/ 79

Best Calendar Return (Last 10 years)

10.04% (2023)

Worst Calendar Return (Last 10 years)

-6.02% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 87.25
Cash and Equivalents 5.96
Canadian Government Bonds 1.94
Canadian Corporate Bonds 1.75
Foreign Bonds - Other 1.43
Other 1.67

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.01
Cash and Cash Equivalent 5.96
Consumer Goods 0.23
Industrial Goods 0.18
Utilities 0.16
Other 0.46

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.81
Europe 4.99
Latin America 0.06
Multi-National 0.04
Other 1.10

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 3.38
Canada Housing Trust No 1 5.26% 15-Sep-2026 1.94
OpenMarket Inc. Term Loan 1st Lien 17-Sep-2026 1.62
Hunter Douglas Inc. Term Loan B 1st Lien F/R 25-Feb-2029 1.48
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 1.47
CAD Currency Forward 1.29
Restaurant Brands Term Loan 1st Lien Sr F/R 12-Sep-2030 1.24
Timber Servicios Empresariales SA Term Loan B 1st Lien F/R 1.21
Northleaf Private Credit II LP MI 15 1.18
KP Germany Erste GmbH Term Loan B 1st Lien F/R 04-Feb-2026 1.10

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Mackenzie Floating Rate Income Fund Series LB

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.62% - -
Beta 0.22% - -
Alpha 0.01% - -
Rsquared 0.20% - -
Sharpe 0.03% - -
Sortino -0.10% - -
Treynor 0.00% - -
Tax Efficiency 7.09% - -
Volatility 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 1.89% 3.62% - -
Beta 0.10% 0.22% - -
Alpha 0.08% 0.01% - -
Rsquared 0.08% 0.20% - -
Sharpe 2.13% 0.03% - -
Sortino 7.02% -0.10% - -
Treynor 0.40% 0.00% - -
Tax Efficiency 60.31% 7.09% - -

Fund Details

Start Date December 09, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $493

Fund Codes

FundServ Code Load Code Sales Status
MFC8047

Investment Objectives

The Fund seeks to generate current income. The Fund invests primarily in floating rate debt obligations and other floating rate debt instruments of issuers located anywhere in the world. Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.

Investment Strategy

Generally, the Fund will invest from 50% to 100% of its assets in floating rate debt obligations and other floating rate debt securities of issuers located anywhere in the world. The Fund may, however, invest a lesser percentage of its assets in these instruments when the portfolio manager believes it would be beneficial to the Fund's investors to do so.

Portfolio Manager(s)

Name Start Date
Felix Wong 12-09-2019
Steve Locke 12-09-2019
Dan Cooper 12-09-2019
Movin Mokbel 12-09-2019

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 1.68%
Management Fee 1.25%
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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