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IG Mackenzie Mortgage and Short Term Income Fund Series C

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Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(01-17-2025) 		$4.79
Change
$0.00 (0.04%)

As at December 31, 2024

As at October 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 0.25% 0.55% 2.98% 4.83% 4.83% 4.37% 1.15% 0.39% 1.07% 1.25% 1.12% 0.85% 0.74% 0.72%
Benchmark 0.46% 0.64% 3.94% 5.71% 5.71% 5.32% 2.12% 1.35% 2.11% 2.25% 2.20% 1.96% 1.84% 1.91%
Category Average 0.22% 0.51% 3.50% 5.17% 5.17% 5.01% 1.75% 1.10% 1.74% 1.94% 1.74% 1.57% 1.49% 1.40%
Category Rank 275 / 330 275 / 321 261 / 309 245 / 280 245 / 280 233 / 260 225 / 247 218 / 233 215 / 227 208 / 217 194 / 203 175 / 183 169 / 178 156 / 165
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.18% 0.19% 0.36% -0.31% 0.67% 0.68% 1.06% 0.41% 0.92% -0.13% 0.44% 0.25%
Benchmark -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26% -0.30% 0.48% 0.46%

Best Monthly Return Since Inception

8.50% (June 1980)

Worst Monthly Return Since Inception

-2.55% (October 1979)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 0.52% -0.08% -1.02% 0.31% 2.16% 3.85% -1.86% -4.99% 3.91% 4.83%
Benchmark 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92% 5.71%
Category Average 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84% 5.17%
Quartile Ranking 4 4 4 4 4 4 4 4 4 4
Category Rank 134/ 165 167/ 178 177/ 183 176/ 203 185/ 217 177/ 227 215/ 233 195/ 247 234/ 260 245/ 280

Best Calendar Return (Last 10 years)

4.83% (2024)

Worst Calendar Return (Last 10 years)

-4.99% (2022)

Asset Allocation

Asset Allocation
Name Percent
Mortgages 39.28
Canadian Corporate Bonds 31.90
Canadian Government Bonds 15.82
Cash and Equivalents 10.71
Canadian Bonds - Funds 1.04
Other 1.25

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.13
Cash and Cash Equivalent 10.71
Utilities 0.05
Financial Services 0.04
Consumer Goods 0.02
Other 0.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.89
Europe 0.07
Latin America 0.02
Other 0.02

Top Holdings

Top Holdings
Name Percent
Mortgage Assets 39.28
Ontario Province 4.00% 08-Mar-2029 7.21
Quebec Province 2.30% 01-Sep-2029 3.67
United States Dollars 3.24
Quebec Province 2.75% 01-Sep-2028 2.47
CAD Term Deposit #126340 1.67
Canada Government 4.25% 01-Dec-2026 1.22
Canada Housing Trust No 1 1.80% 15-Dec-2024 1.20
Mackenzie High Quality Floating Rate Fund Series IG 1.04
Bank of America Corp 3.62% 16-Mar-2027 1.01

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 2.29% 2.09% 1.61%
Beta 0.70% 0.69% 0.66%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.76% 0.65% 0.66%
Sharpe -1.08% -0.59% -0.56%
Sortino -0.95% -1.05% -1.51%
Treynor -0.04% -0.02% -0.01%
Tax Efficiency 12.51% 32.88% 12.91%
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 1.39% 2.29% 2.09% 1.61%
Beta 0.68% 0.70% 0.69% 0.66%
Alpha 0.01% 0.00% 0.00% -0.01%
Rsquared 0.94% 0.76% 0.65% 0.66%
Sharpe 0.25% -1.08% -0.59% -0.56%
Sortino 2.55% -0.95% -1.05% -1.51%
Treynor 0.01% -0.04% -0.02% -0.01%
Tax Efficiency 79.73% 12.51% 32.88% 12.91%

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) $3,382

Fund Codes

FundServ Code Load Code Sales Status
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
Felix Wong 09-29-2021
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 KPMG 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 1.92%
Management Fee 1.55%
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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