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IG Mackenzie Mortgage and Short Term Income Fund Series C

Cdn Short Term Fixed Inc

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(04-22-2024)
$4.65
Change
$0.00 (0.02%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

IG Mackenzie Mortgage and Short Term Income Fund Series C

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Fund Returns

Inception Return (August 03, 1973): 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 0.36% 0.73% 3.76% 0.73% 3.32% 0.90% -0.60% 0.42% 0.41% 0.64% 0.38% 0.31% 0.26% 0.41%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.40% 4.40% 0.54% 3.84% 1.74% 0.16% 1.11% 1.08% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 273 / 322 134 / 289 217 / 287 134 / 289 210 / 272 241 / 262 226 / 245 203 / 236 209 / 227 198 / 211 184 / 196 173 / 183 161 / 171 145 / 155
Quartile Ranking 4 2 4 2 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.37% -0.09% -0.64% 0.00% 0.15% -0.22% 0.29% 1.33% 1.36% 0.18% 0.19% 0.36%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

8.50% (June 1980)

Worst Monthly Return Since Inception

-2.55% (October 1979)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.35% 0.52% -0.08% -1.02% 0.31% 2.16% 3.85% -1.86% -4.99% 3.91%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 4 4 4 4 4 4 4 4 4
Category Rank 123/ 146 135/ 167 169/ 180 182/ 188 177/ 208 188/ 225 178/ 235 222/ 241 202/ 255 237/ 269

Best Calendar Return (Last 10 years)

3.91% (2023)

Worst Calendar Return (Last 10 years)

-4.99% (2022)

Asset Allocation

Asset Allocation
Name Percent
Mortgages 48.34
Canadian Corporate Bonds 29.71
Canadian Government Bonds 12.10
Cash and Equivalents 5.41
Foreign Corporate Bonds 3.77
Other 0.67

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.44
Cash and Cash Equivalent 5.41
Financial Services 0.05
Utilities 0.04
Consumer Goods 0.02
Other 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.48
Latin America 0.38
Europe 0.07
Asia 0.01
Other 0.06

Top Holdings

Top Holdings
Name Percent
Mortgage Assets 47.90
Quebec Province 2.75% 01-Sep-2028 3.42
Ontario Province 3.40% 08-Sep-2028 3.33
Canada Government 4.25% 01-Dec-2026 1.96
CAD Term Deposit #126154 1.67
CAD Term Deposit #1549 1.67
Canada Government 3.25% 01-Sep-2028 1.56
Ontario Province 3.60% 08-Mar-2028 1.12
John Deere Financial Inc 5.17% 15-Sep-2028 0.92
Royal Bank of Canada 5.01% 01-Feb-2028 0.87

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

IG Mackenzie Mortgage and Short Term Income Fund Series C

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.10% 1.97% 1.51%
Beta 0.64% 0.68% 0.63%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.64% 0.61% 0.63%
Sharpe -1.52% -0.76% -0.64%
Sortino -1.74% -1.40% -1.72%
Treynor -0.05% -0.02% -0.02%
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 1.99% 2.10% 1.97% 1.51%
Beta 0.69% 0.64% 0.68% 0.63%
Alpha 0.01% -0.01% 0.00% -0.01%
Rsquared 0.81% 0.64% 0.61% 0.63%
Sharpe -0.73% -1.52% -0.76% -0.64%
Sortino 0.27% -1.74% -1.40% -1.72%
Treynor -0.02% -0.05% -0.02% -0.02%
Tax Efficiency 71.71% - - -

Fund Details

Start Date August 03, 1973
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $3,350

Fund Codes

FundServ Code Load Code Sales Status
IGI005
IGI081
IGI280
IGI373

Investment Objectives

The Fund aims to provide a consistent level of current income by investing primarily in short-term debt securities and mortgages on improved real estate in Canada.

Investment Strategy

The Fund will diversify its portfolio by investing primarily in fixed term, liquid debt securities, including both corporate and government-issued (or guaranteed) debt securities, as well as Canada Mortgage Bonds, mortgage-backed securities and mortgages. It is expected that over the long term the mortgage component of the Fund’s portfolio will generally not be more than 50% of its assets.

Portfolio Manager(s)

Name Start Date
I.G. Investment Management, Ltd. 12-09-2002
Steve Locke 09-29-2021
Felix Wong 09-29-2021
Jenny Wan 09-29-2021
Caroline Chan 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 10,000
SWP Min Withdrawal 100

Fees

MER 1.93%
Management Fee 1.55%
Load Choice of Back or No Load
FE Max -
DSC Max 1.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.70%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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