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Mackenzie Corporate Bond Fund Series A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2013, 2012

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NAVPS
(12-12-2024)
$4.06
Change
$0.00 (-0.11%)

As at November 30, 2024

As at September 30, 2024

Period
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Legend

Mackenzie Corporate Bond Fund Series A

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Fund Returns

Inception Return (November 03, 2000): 4.71%

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 1.06% 2.24% 5.45% 8.16% 10.77% 8.19% 2.08% 2.70% 3.23% 3.77% 2.99% 3.26% 3.61% 2.85%
Benchmark 0.82% 5.17% 9.67% 14.84% 15.87% 12.91% 5.71% 4.51% 4.92% 5.53% 4.90% 5.16% 5.85% 6.42%
Category Average 1.12% 2.01% 5.52% 7.49% 10.61% 7.81% 1.98% 2.44% 2.94% 3.57% 2.87% 3.33% 3.63% 3.03%
Category Rank 168 / 304 128 / 304 189 / 302 137 / 302 174 / 302 175 / 296 191 / 287 169 / 278 152 / 272 152 / 260 140 / 237 147 / 225 148 / 199 142 / 183
Quartile Ranking 3 2 3 2 3 3 3 3 3 3 3 3 3 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.41% 0.97% 0.19% 1.04% -0.57% 0.92% 0.65% 1.76% 0.71% 0.97% 0.20% 1.06%
Benchmark 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82%

Best Monthly Return Since Inception

5.49% (April 2009)

Worst Monthly Return Since Inception

-9.54% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.25% -4.39% 11.09% 3.81% -3.13% 9.16% 5.80% 3.82% -9.76% 8.29%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 4 3 3 3 3 3 2 3 3 3
Category Rank 153/ 171 128/ 183 128/ 199 170/ 227 152/ 238 167/ 263 113/ 273 146/ 278 146/ 287 201/ 296

Best Calendar Return (Last 10 years)

11.09% (2016)

Worst Calendar Return (Last 10 years)

-9.76% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 51.26
Canadian Corporate Bonds 25.58
Cash and Equivalents 15.96
Canadian Equity 2.60
Foreign Bonds - Other 1.64
Other 2.96

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 80.57
Cash and Cash Equivalent 15.97
Utilities 0.93
Consumer Goods 0.63
Industrial Goods 0.51
Other 1.39

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.71
Europe 0.82
Latin America 0.31
Other 0.16

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 5.51
Parkland Corp 4.38% 26-Mar-2029 1.75
Videotron Ltd 5.63% 15-Mar-2025 1.69
Videotron Ltd 3.63% 01-Jan-2025 1.65
Superior Plus LP 4.25% 18-May-2028 1.55
Mackenzie High Quality Floating Rate Fund Series R 1.48
Parkland Corp 4.50% 01-Oct-2029 1.43
Keyera Corp 6.88% 13-Jun-2079 1.42
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.32
TransCanada Trust 4.65% 18-May-2027 1.30

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Mackenzie Corporate Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.29% 6.16% 5.36%
Beta 0.63% 0.68% 0.40%
Alpha -0.01% 0.00% 0.00%
Rsquared 0.63% 0.65% 0.28%
Sharpe -0.26% 0.18% 0.25%
Sortino -0.20% 0.08% -0.01%
Treynor -0.02% 0.02% 0.03%
Tax Efficiency 6.02% 44.70% 36.94%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 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 2.62% 5.29% 6.16% 5.36%
Beta 0.08% 0.63% 0.68% 0.40%
Alpha 0.09% -0.01% 0.00% 0.00%
Rsquared 0.01% 0.63% 0.65% 0.28%
Sharpe 2.21% -0.26% 0.18% 0.25%
Sortino 8.89% -0.20% 0.08% -0.01%
Treynor 0.70% -0.02% 0.02% 0.03%
Tax Efficiency 81.57% 6.02% 44.70% 36.94%

Fund Details

Start Date November 03, 2000
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $359

Fund Codes

FundServ Code Load Code Sales Status
MFC1067
MFC1643
MFC3171
MFC756
MFC856

Investment Objectives

The Fund seeks above-average income with the potential for long-term growth of accumulated capital. The Fund invests primarily in higher yielding Canadian corporate securities (both equity and fixed-income securities).

Investment Strategy

The Fund’s investments are generally expected to have a weighted average credit quality of “BB-” or higher, as rated by a recognized credit rating organization. The portfolio manager may vary the weighted average credit quality. The investment approach follows a fundamental analysis to select investments for the Fund, by reviewing the values of the Fund’s investments on an ongoing basis, paying particular attention to credit quality.

Portfolio Manager(s)

Name Start Date
Movin Mokbel 02-20-2020
Konstantin Boehmer 02-20-2020
Steve Locke 02-20-2020
Dan Cooper 02-20-2020

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor -
Auditor KPMG LLP

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 0

Fees

MER 1.69%
Management Fee 1.35%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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