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Mackenzie Alternative Enhanced Yield Fund Series A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-30-2026) |
$8.75 |
|---|---|
| Change |
$0.02
(0.28%)
|
As at June 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (June 11, 2020): 4.97%
| 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 | 0.73% | 5.80% | 9.51% | 9.51% | 17.90% | 12.70% | 11.39% | 7.76% | 3.86% | 5.23% | - | - | - | - |
| Benchmark | 0.44% | 1.92% | 2.22% | 2.22% | 3.31% | 4.56% | 4.28% | 3.90% | 0.71% | 0.15% | 1.21% | 1.96% | 1.84% | 1.64% |
| Category Average | 0.16% | 1.74% | 2.25% | 2.25% | 5.25% | 6.14% | 6.65% | 6.11% | 3.61% | 4.67% | 4.31% | - | - | - |
| Category Rank | 8 / 152 | 8 / 148 | 8 / 144 | 8 / 144 | 8 / 137 | 7 / 119 | 8 / 105 | 13 / 89 | 34 / 72 | 25 / 60 | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | - | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.84% | 1.45% | 2.11% | 0.75% | 1.28% | 0.00% | 1.26% | 2.04% | 0.19% | 2.55% | 2.42% | 0.73% |
| Benchmark | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% |
Best Monthly Return Since Inception
7.52% (November 2020)
Worst Monthly Return Since Inception
-9.21% (September 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 11.52% | -17.34% | 3.95% | 13.85% | 7.08% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | 1 | 4 | 4 | 1 | 1 |
| Category Rank | - | - | - | - | - | 9/ 64 | 85/ 85 | 97/ 103 | 13/ 108 | 23/ 130 |
Best Calendar Return (Last 10 years)
13.85% (2024)
Worst Calendar Return (Last 10 years)
-17.34% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 46.78 |
| US Equity | 32.87 |
| Canadian Equity | 20.95 |
| Income Trust Units | 0.86 |
| International Equity | 0.85 |
| Other | -2.31 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 47.72 |
| Energy | 12.71 |
| Financial Services | 9.35 |
| Technology | 9.28 |
| Healthcare | 4.33 |
| Other | 16.61 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 90.31 |
| Europe | 1.27 |
| Latin America | 0.85 |
| Asia | 0.12 |
| Africa and Middle East | 0.02 |
| Other | 7.43 |
Top Holdings
| Name | Percent |
|---|---|
| SPDR S&P 500 ETF Trust (SPY) | 20.92 |
| Mackenzie Floating Rate Income ETF (MFT) | 8.18 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.83 |
| Bank of Nova Scotia | 1.74 |
| TC Energy Corp | 1.32 |
| Whitecap Resources Inc | 1.30 |
| Enbridge Inc | 1.29 |
| UnitedHealth Group Inc | 1.03 |
| Telus Corp | 1.03 |
| Qualcomm Inc | 1.00 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 5.60% | 9.55% | - |
|---|---|---|---|
| Beta | 0.52 | 0.94 | - |
| Alpha | 0.09 | 0.03 | - |
| Rsquared | 0.23% | 0.33% | - |
| Sharpe | 1.33 | 0.14 | - |
| Sortino | 2.28 | 0.17 | - |
| Treynor | 0.14 | 0.01 | - |
| Tax Efficiency | 81.44% | 30.96% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.92% | 5.60% | 9.55% | - |
| Beta | 0.47 | 0.52 | 0.94 | - |
| Alpha | 0.15 | 0.09 | 0.03 | - |
| Rsquared | 0.42% | 0.23% | 0.33% | - |
| Sharpe | 4.90 | 1.33 | 0.14 | - |
| Sortino | 53.06 | 2.28 | 0.17 | - |
| Treynor | 0.30 | 0.14 | 0.01 | - |
| Tax Efficiency | 89.68% | 81.44% | 30.96% | - |
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) | $435 |
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 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 |
IPC Investment Corporation IPC Securities Corporation Quadrus Investment Services Limited |
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 | 2.63% |
|---|---|
| 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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