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Mackenzie Alternative Enhanced Yield Fund Series A

Alternative Credit Focus

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-22-2024)
$7.93
Change
$0.01 (0.07%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Alternative Enhanced Yield Fund Series A

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Fund Returns

Inception Return (June 11, 2020): 1.21%

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 1.57% 4.22% 8.20% 4.22% 6.97% -3.82% -0.56% - - - - - - -
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.82% 6.16% 6.16% 1.92% 6.88% 3.42% 2.11% 5.50% - - - - - -
Category Rank 12 / 120 12 / 120 19 / 119 12 / 120 66 / 116 102 / 102 61 / 75 - - - - - - -
Quartile Ranking 1 1 1 1 3 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.19% -3.27% 1.31% 1.74% -0.16% -1.84% -1.54% 3.77% 1.61% 1.45% 1.14% 1.57%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

7.52% (November 2020)

Worst Monthly Return Since Inception

-9.21% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 11.52% -17.34% 3.95%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - - - - - - - 1 4 4
Category Rank - - - - - - - 9/ 75 98/ 98 108/ 116

Best Calendar Return (Last 10 years)

11.52% (2021)

Worst Calendar Return (Last 10 years)

-17.34% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 47.17
US Equity 20.43
Foreign Government Bonds 16.07
Canadian Equity 14.55
Cash and Equivalents 0.64
Other 1.14

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 63.71
Financial Services 15.03
Energy 4.47
Technology 4.28
Mutual Fund 3.29
Other 9.22

Geographic Allocation

Geographic Allocation
Name Percent
North America 43.15
Asia 7.47
Europe 4.25
Latin America 3.54
Africa and Middle East 1.36
Other 40.23

Top Holdings

Top Holdings
Name Percent
Mackenzie Floating Rate Income ETF (MFT) 46.99
SPDR Bloomberg Emerging Markets Lcl Bnd ETF (EBND) 15.99
SPDR S&P 500 ETF Trust (SPY) 11.99
Diversified Royalty Corp 5.87
Vanguard FTSE Canadian High Div Yld Idx ETF (VDY) 2.29
Main Street Capital Corp 2.27
Bank of Nova Scotia 2.20
Enbridge Inc 2.20
Hercules Capital Inc 1.98
SLR Investment Corp 1.31

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Mackenzie Alternative Enhanced Yield Fund Series A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 11.33% - -
Beta 1.04% - -
Alpha 0.01% - -
Rsquared 0.37% - -
Sharpe -0.22% - -
Sortino -0.32% - -
Treynor -0.02% - -
Tax Efficiency - - -
Volatility Volatility rating is 6 on a scale of 1 to 10 - -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.71% 11.33% - -
Beta 0.63% 1.04% - -
Alpha 0.06% 0.01% - -
Rsquared 0.41% 0.37% - -
Sharpe 0.33% -0.22% - -
Sortino 0.88% -0.32% - -
Treynor 0.04% -0.02% - -
Tax Efficiency 73.35% - - -

Fund Details

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) $19

Fund Codes

FundServ Code Load Code Sales Status
MFC8094

Investment Objectives

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.

Investment Strategy

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(s)

Name Start Date
Mackenzie Financial Corporation 06-11-2020

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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.32%
Management Fee 1.85%
Load Front 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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