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IG Mackenzie European Equity Fund Series C

European Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-24-2024)
$20.62
Change
$0.01 (0.06%)

As at April 30, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

IG Mackenzie European Equity Fund Series C

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Fund Returns

Inception Return (September 11, 1990): 5.57%

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 -0.34% 6.19% 16.51% 6.45% 9.03% 13.90% 6.19% 10.70% 5.10% 3.61% 3.79% 5.12% 3.88% 4.03%
Benchmark -0.53% 6.04% 18.33% 6.72% 8.98% 13.20% 7.07% 11.92% 7.10% 6.12% 6.28% 8.02% 6.42% 6.50%
Category Average -1.47% 16.25% 16.25% 4.09% 6.81% 9.59% 2.77% 8.55% 4.18% 3.33% 3.57% 4.85% 3.97% 4.07%
Category Rank 17 / 106 24 / 106 54 / 106 27 / 106 31 / 106 22 / 106 38 / 105 39 / 103 51 / 103 59 / 96 58 / 92 51 / 80 46 / 72 40 / 66
Quartile Ranking 1 1 3 2 2 1 2 2 2 3 3 3 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -4.93% 1.55% 1.18% 0.05% -3.73% -0.54% 6.89% 2.40% 0.24% 2.15% 4.31% -0.34%
Benchmark -5.65% 2.01% 2.73% -1.44% -4.13% -1.41% 7.87% 2.78% 0.64% 2.87% 3.63% -0.53%

Best Monthly Return Since Inception

15.12% (November 2020)

Worst Monthly Return Since Inception

-14.75% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.25% 17.40% -7.85% 14.29% -11.48% 15.27% -0.35% 11.35% -9.16% 15.48%
Benchmark 3.06% 17.20% -3.54% 18.15% -7.68% 19.54% 3.59% 15.26% -10.82% 17.51%
Category Average -0.81% 17.33% -5.77% 14.98% -9.04% 15.21% 3.84% 11.84% -15.77% 16.91%
Quartile Ranking 2 3 3 3 3 3 3 3 1 3
Category Rank 30/ 62 44/ 72 52/ 76 55/ 87 68/ 95 65/ 100 77/ 103 71/ 105 23/ 106 78/ 106

Best Calendar Return (Last 10 years)

17.40% (2015)

Worst Calendar Return (Last 10 years)

-11.48% (2018)

Asset Allocation

Asset Allocation
Name Percent
International Equity 98.08
Cash and Equivalents 1.57
US Equity 0.35

Sector Allocation

Sector Allocation
Name Percent
Healthcare 19.24
Consumer Goods 15.52
Financial Services 13.10
Industrial Goods 10.54
Energy 10.33
Other 31.27

Geographic Allocation

Geographic Allocation
Name Percent
Europe 97.58
North America 2.19
Other 0.23

Top Holdings

Top Holdings
Name Percent
Novo Nordisk A/S Cl B 5.47
Shell PLC 4.04
ASML Holding NV 3.93
TotalEnergies SE 3.61
Novartis AG Cl N 3.50
AstraZeneca PLC 3.42
Nestle SA Cl N 2.96
Axa SA 2.70
Ucb SA 2.21
UBS Group AG 2.01

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)

IG Mackenzie European Equity Fund Series C

Median

Other - European Equity

3 Yr Annualized

Standard Deviation 14.91% 16.37% 14.11%
Beta 0.97% 1.03% 1.00%
Alpha -0.01% -0.02% -0.02%
Rsquared 0.92% 0.94% 0.94%
Sharpe 0.29% 0.26% 0.25%
Sortino 0.43% 0.30% 0.20%
Treynor 0.04% 0.04% 0.04%
Tax Efficiency 99.09% 96.94% 96.39%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.04% 14.91% 16.37% 14.11%
Beta 0.85% 0.97% 1.03% 1.00%
Alpha 0.01% -0.01% -0.02% -0.02%
Rsquared 0.95% 0.92% 0.94% 0.94%
Sharpe 0.40% 0.29% 0.26% 0.25%
Sortino 0.94% 0.43% 0.30% 0.20%
Treynor 0.05% 0.04% 0.04% 0.04%
Tax Efficiency 98.19% 99.09% 96.94% 96.39%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date September 11, 1990
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Partially Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $2,409

Fund Codes

FundServ Code Load Code Sales Status
IGI096

Investment Objectives

The Fund aims to provide long-term capital growth by investing primarily in European equity markets.

Investment Strategy

The Fund selects primarily the common shares of European companies based on the following criteria: prospects for economic growth, inflation, interest rates, currency strength, corporate profits, and stock market valuations for each country; and prospects for growth in earnings and stock market valuation outlooks for specific industries. The Fund may engage in Securities Lending, Repurchase and Reverse Repurchase Transactions, and use Derivatives.

Portfolio Manager(s)

Name Start Date
Seamus Kelly 08-30-2022

Management and Organization

Fund Manager I.G. Investment Management, Ltd.
Advisor Mackenzie Investments Europe Limited
Custodian Canadian Imperial Bank of Commerce
Registrar I.G. Investment Management, Ltd.
Distributor Investors Group 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 250
SWP Min Withdrawal 100

Fees

MER 2.90%
Management Fee 1.95%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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