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IG Mackenzie Canadian Money Market Fund - Classic Series

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Canadian Money Market

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(12-06-2024) 		$1.00
Change
$0.00 (0.00%)

As at October 31, 2024

As at August 31, 2024

As at July 31, 2024

Period
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Legend

IG Mackenzie Canadian Money Market Fund - Classic Series

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Fund Returns

Inception Return (May 31, 1985): 3.27%

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 0.28% 0.88% 1.88% 3.29% 3.98% 3.87% 2.79% 2.09% 1.75% 1.61% 1.44% 1.28% 1.15% 1.05%
Benchmark 0.33% 1.03% 2.22% 3.88% 4.73% 4.63% 3.51% 2.65% 2.28% 2.18% 2.04% 1.86% 1.71% 1.60%
Category Average 0.29% 0.94% 2.01% 3.48% 4.29% 4.06% 2.88% 2.13% 1.83% 1.72% 1.56% 1.40% 1.26% 1.14%
Category Rank 236 / 277 235 / 275 231 / 267 226 / 264 229 / 263 210 / 240 193 / 228 190 / 226 181 / 213 165 / 198 151 / 184 145 / 177 140 / 170 133 / 163
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 0.34% 0.33% 0.37% 0.33% 0.32% 0.36% 0.34% 0.30% 0.34% 0.30% 0.29% 0.28%
Benchmark 0.41% 0.41% 0.40% 0.40% 0.40% 0.41% 0.40% 0.39% 0.38% 0.36% 0.34% 0.33%

Best Monthly Return Since Inception

1.00% (December 1990)

Worst Monthly Return Since Inception

0.00% (May 1985)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.28% 0.13% 0.10% 0.17% 0.58% 0.90% 0.25% 0.01% 1.19% 3.89%
Benchmark 0.91% 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71%
Category Average 0.30% 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06%
Quartile Ranking 3 3 4 4 4 4 4 3 4 4
Category Rank 118/ 158 122/ 165 134/ 170 137/ 178 161/ 185 176/ 201 185/ 214 161/ 227 195/ 231 204/ 241

Best Calendar Return (Last 10 years)

3.89% (2023)

Worst Calendar Return (Last 10 years)

0.01% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 92.43
Canadian Government Bonds 3.69
Canadian Corporate Bonds 2.42
Canadian Bonds - Other 1.47
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 92.43
Fixed Income 6.88
Financial Services 0.69

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
CAD Term Deposit #139365 5.43
Bank of Nova Scotia 24-Mar-2025 5.15
Toronto-Dominion Bank 5.11% 31-Jan-2025 4.32
National Bank of Canada 24-Jan-2025 4.26
Bank of Montreal 2.37% 03-Jan-2025 3.43
Bearer Deposit Note Disc #139053 2.85
Royal Bank of Canada 3.40% 24-Mar-2025 2.64
Bearer Deposit Note Disc #139267 2.47
Bank of Montreal 19-Sep-2024 2.15
Royal Bank of Canada 2.61% 01-Nov-2024 2.12

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

IG Mackenzie Canadian Money Market Fund - Classic Series

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.47% 0.51% 0.42%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino -0.60% -2.09% -2.82%
Treynor - - -
Tax Efficiency - - -
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 0.10% 0.47% 0.51% 0.42%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - -0.60% -2.09% -2.82%
Treynor - - - -
Tax Efficiency - - - -

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.

View the full methodology

Fund Details

Start Date May 31, 1985
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,082

Fund Codes

FundServ Code Load Code Sales Status
IGI087
IGI379

Investment Objectives

The Fund aims to provide secure current income, capital stability, and liquidity by investing primarily in high-quality, short-term Canadian money market investments.

Investment Strategy

The Fund selects investments that include: short-term debt issued or guaranteed by the federal, provincial or municipal government(s) including treasury bills; promissory notes; non-government obligations issued by chartered banks, including bankers’ acceptances, term deposits, floating rate notes and asset-backed securities; and commercial paper issued by corporations, including floating rate notes and asset-backed securities.

Portfolio Manager(s)

Name Start Date
I.G. Investment Management, Ltd. 12-09-2002
Felix Wong 02-02-2021
Jenny Wan 09-29-2021
Mark Hamlin 09-29-2021
Konstantin Boehmer 08-30-2022

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 250
SWP Min Withdrawal 100

Fees

MER 1.17%
Management Fee 1.00%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.07%
Trailer Fee Max (LL) -

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