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IG Mackenzie North American Corporate Bond Fund C NL

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-06-2024)
$9.55
Change
$0.02 (0.24%)

As at October 31, 2024

As at August 31, 2024

Period
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IG Mackenzie North American Corporate Bond Fund C NL

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Fund Returns

Inception Return (July 15, 1996): 4.63%

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 -0.20% 1.67% 5.06% 6.20% 12.64% 8.00% 1.04% 2.84% 2.56% 2.78% 2.32% 2.35% 2.76% 2.26%
Benchmark 2.26% 3.80% 8.78% 13.90% 17.70% 14.40% 6.03% 4.76% 4.75% 5.41% 4.78% 4.95% 5.71% 6.38%
Category Average -0.34% 1.96% 5.58% 6.30% 13.33% 8.38% 1.37% 2.95% 2.78% 3.24% 2.70% 3.06% 3.36% 2.90%
Category Rank 177 / 304 239 / 303 233 / 302 199 / 302 239 / 302 218 / 296 215 / 287 192 / 277 199 / 271 212 / 259 179 / 237 186 / 225 168 / 195 160 / 182
Quartile Ranking 3 4 4 3 4 3 3 3 3 4 4 4 4 4

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.49% 2.49% 0.78% 0.02% 1.01% -0.72% 0.94% 0.59% 1.78% 0.87% 0.99% -0.20%
Benchmark 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26%

Best Monthly Return Since Inception

5.52% (January 2003)

Worst Monthly Return Since Inception

-11.03% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.29% -3.47% 10.11% 1.53% -2.44% 8.41% 3.76% 4.24% -10.47% 8.16%
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 3 3 3 4 3 3 3 2 3 3
Category Rank 127/ 171 102/ 183 144/ 199 202/ 227 121/ 238 187/ 263 175/ 273 125/ 278 185/ 287 209/ 296

Best Calendar Return (Last 10 years)

10.11% (2016)

Worst Calendar Return (Last 10 years)

-10.47% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 55.90
Canadian Corporate Bonds 17.74
Cash and Equivalents 17.03
Foreign Bonds - Funds 2.99
Canadian Equity 2.31
Other 4.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 79.53
Cash and Cash Equivalent 17.03
Utilities 1.03
Financial Services 0.57
Consumer Goods 0.56
Other 1.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.97
Multi-National 3.07
Latin America 1.47
Europe 1.28
Africa and Middle East 0.23
Other 0.98

Top Holdings

Top Holdings
Name Percent
CAD Term Deposit #1497 7.52
Mackenzie Global Sustainable High Yield Bond Fund Sr IG 2.99
Mackenzie High Quality Floating Rate Fund Series IG 1.20
Videotron Ltd 5.13% 28-Sep-2024 1.14
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.01
Parkland Corp 4.50% 01-Oct-2029 0.99
Enbridge Inc 5.38% 27-Sep-2027 0.92
Keyera Corp 6.88% 13-Jun-2079 0.92
Source Energy Servcs Canada LP 10.50% 15-Mar-2025 0.92
TransCanada Trust 4.65% 18-May-2027 0.88

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

IG Mackenzie North American Corporate Bond Fund C NL

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.77% 7.37% 5.74%
Beta 0.66% 0.79% 0.50%
Alpha -0.03% -0.01% -0.01%
Rsquared 0.59% 0.61% 0.37%
Sharpe -0.39% 0.07% 0.14%
Sortino -0.42% -0.03% -0.13%
Treynor -0.03% 0.01% 0.02%
Tax Efficiency - 18.51% 15.03%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.99% 5.77% 7.37% 5.74%
Beta 0.27% 0.66% 0.79% 0.50%
Alpha 0.08% -0.03% -0.01% -0.01%
Rsquared 0.06% 0.59% 0.61% 0.37%
Sharpe 1.85% -0.39% 0.07% 0.14%
Sortino 8.24% -0.42% -0.03% -0.13%
Treynor 0.28% -0.03% 0.01% 0.02%
Tax Efficiency 82.23% - 18.51% 15.03%

Fund Details

Start Date July 15, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $416

Fund Codes

FundServ Code Load Code Sales Status
IGI116
IGI316
IGI408

Investment Objectives

The Fund aims to provide a high level of current income while offering the potential for moderate capital appreciation by investing primarily in high yielding investments.

Investment Strategy

Corporate debt securities that are rated less than BBB (below traditional investment grade credit ratings) will constitute a core holding of the Fund, in addition to other investment grade debt securities. The Fund may invest up to 100% of its fixed income exposure in any one sector, and has the flexibility to invest in a wide variety of assets from anywhere in the world including government bonds, corporate bonds (investment-grade and non-investment-grade), preferred shares, and loans.

Portfolio Manager(s)

Name Start Date
I.G. Investment Management, Ltd. 12-09-2002
Konstantin Boehmer 02-02-2021
Dan Cooper 02-02-2021
Movin Mokbel 02-02-2021
Felix Wong 02-02-2021
Ken Yip 08-28-2024

Management and Organization

Fund Manager I.G. Investment Management, Ltd.
Advisor I.G. Investment Management, Ltd.
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 10,000
SWP Min Withdrawal 100

Fees

MER 2.08%
Management Fee 1.75%
Load Choice of Front or Back
FE Max -
DSC Max 1.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.70%
Trailer Fee Max (NL) 0.70%
Trailer Fee Max (LL) -

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