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Alternative Credit Focus
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|
NAVPS (04-21-2025) |
$7.48 |
|---|---|
| Change |
-$0.08
(-1.08%)
|
As at March 31, 2025
As at January 31, 2025
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Inception Return (June 11, 2020): 2.52%
| 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 | -3.05% | -1.44% | 3.92% | -1.44% | 7.66% | 7.32% | -0.13% | 1.44% | - | - | - | - | - | - |
| Benchmark | -0.29% | 1.98% | 1.88% | 1.98% | 7.55% | 4.70% | 2.36% | 0.69% | 0.79% | 1.41% | 1.93% | 1.90% | 1.84% | 1.72% |
| Category Average | -0.21% | 0.99% | 2.47% | 0.99% | 6.99% | 6.93% | 4.59% | 3.30% | 5.79% | - | - | - | - | - |
| Category Rank | 135 / 135 | 135 / 135 | 23 / 126 | 135 / 135 | 33 / 113 | 52 / 109 | 94 / 94 | 58 / 67 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 1 | 4 | 2 | 2 | 4 | 4 | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.05% | 1.30% | 0.61% | 1.87% | -0.60% | 1.46% | 1.49% | 3.21% | 0.66% | 1.67% | -0.01% | -3.05% |
| Benchmark | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% |
7.52% (November 2020)
-9.21% (September 2022)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 11.52% | -17.34% | 3.95% | 13.85% |
| Benchmark | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 4 | 4 | 1 |
| Category Rank | - | - | - | - | - | - | 9/ 67 | 90/ 90 | 102/ 108 | 12/ 113 |
13.85% (2024)
-17.34% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 47.13 |
| US Equity | 41.52 |
| Canadian Equity | 10.79 |
| Foreign Government Bonds | 3.25 |
| Foreign Bonds - Other | 1.96 |
| Other | -4.65 |
| Name | Percent |
|---|---|
| Fixed Income | 52.91 |
| Financial Services | 22.41 |
| Technology | 9.98 |
| Energy | 6.30 |
| Consumer Services | 3.97 |
| Other | 4.43 |
| Name | Percent |
|---|---|
| North America | 55.90 |
| Europe | 1.92 |
| Asia | 1.40 |
| Latin America | 0.59 |
| Africa and Middle East | 0.25 |
| Other | 39.94 |
| Name | Percent |
|---|---|
| Mackenzie Floating Rate Income ETF (MFT) | 50.76 |
| SPDR S&P 500 ETF Trust (SPY) | 26.64 |
| Hercules Capital Inc | 6.14 |
| Diversified Royalty Corp | 6.01 |
| Enbridge Inc | 4.41 |
| SPDR Bloomberg Emerging Markets Lcl Bnd ETF (EBND) | 2.85 |
| SLR Investment Corp | 2.15 |
| Ares Capital Corp | 1.77 |
| Oaktree Specialty Lending Corp | 1.27 |
| Dollar General Corp | 1.05 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 11.29% | - | - |
|---|---|---|---|
| Beta | 1.06% | - | - |
| Alpha | -0.02% | - | - |
| Rsquared | 0.38% | - | - |
| Sharpe | -0.30% | - | - |
| Sortino | -0.28% | - | - |
| Treynor | -0.03% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.66% | 11.29% | - | - |
| Beta | 0.49% | 1.06% | - | - |
| Alpha | 0.04% | -0.02% | - | - |
| Rsquared | 0.19% | 0.38% | - | - |
| Sharpe | 0.64% | -0.30% | - | - |
| Sortino | 1.25% | -0.28% | - | - |
| Treynor | 0.07% | -0.03% | - | - |
| Tax Efficiency | 64.40% | - | - | - |
| Start Date | June 11, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $215 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC8094 |
The Fund seeks to provide a high level of current income and the potential for long-term capital appreciation primarily through long and/or short positions in fixed-income securities and equity securities of issuers anywhere in the world. The Fund may engage in physical short sales and borrowing and/or use derivatives for hedging and investment purposes.
To achieve its investment objectives, the Fund will pursue a flexible approach to gaining long and/or short exposure to yield-oriented (i) fixed income securities, including lower-rated debt securities; and (ii) equity securities. The Fund will typically invest in both traditional and non-traditional securities which have historically generated a significant portion of their total return from income.
| Portfolio Manager |
Mackenzie Financial Corporation |
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
IPC Investment Corporation IPC Securities Corporation Quadrus Investment Services Limited |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.35% |
|---|---|
| Management Fee | 1.85% |
| 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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