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IG Mackenzie Floating Rate Income Fund Series C

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Floating Rate Loan

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(05-27-2025) 		$7.98
Change
$0.00 (-0.04%)

As at April 30, 2025

As at February 28, 2025

Period
Created with Highcharts 10.3.3Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Jan …$9,000$10,000$11,000$12,000$13,000$14,000$9,500$10,500$11,500Period

Legend

IG Mackenzie Floating Rate Income Fund Series C

Compare Options

Fund Returns

Inception Return (July 16, 2014): 2.83%

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 -0.98% -1.73% 0.08% -1.30% 3.28% 5.59% 3.21% 2.39% 4.47% 1.85% 1.98% 2.39% 3.26% 2.76%
Benchmark 0.14% 4.36% 6.01% 6.05% 13.32% 11.58% 12.83% 7.78% 8.77% 5.59% 4.92% 4.72% 5.80% 5.74%
Category Average -0.59% -1.59% 0.25% -1.10% 3.21% 5.86% 4.12% 3.25% 5.24% 2.70% 2.79% 2.97% 3.45% 2.93%
Category Rank 52 / 77 34 / 77 48 / 77 40 / 77 55 / 77 65 / 76 66 / 76 65 / 75 64 / 75 59 / 70 57 / 67 49 / 60 44 / 56 41 / 54
Quartile Ranking 3 2 3 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.79% 0.34% 0.61% 0.23% 0.41% 0.77% 0.90% 0.49% 0.44% 0.01% -0.77% -0.98%
Benchmark 1.58% -0.30% 2.37% 0.46% 1.62% 0.99% -1.53% 1.52% 1.61% 0.58% 3.62% 0.14%

Best Monthly Return Since Inception

3.01% (January 2023)

Worst Monthly Return Since Inception

-12.10% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -0.53% 9.46% 5.20% 1.73% 4.69% -1.09% 3.52% -6.74% 9.43% 7.40%
Benchmark 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42% 11.13%
Category Average -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97% 6.92%
Quartile Ranking 3 2 2 2 3 4 4 4 4 4
Category Rank 36/ 54 27/ 55 23/ 58 31/ 67 50/ 69 58/ 75 57/ 75 74/ 75 58/ 76 59/ 77

Best Calendar Return (Last 10 years)

9.46% (2016)

Worst Calendar Return (Last 10 years)

-6.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 92.45
Cash and Equivalents 2.89
Canadian Government Bonds 1.74
Canadian Corporate Bonds 1.56
Foreign Government Bonds 0.61
Other 0.75

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.52
Cash and Cash Equivalent 2.89
Consumer Goods 0.19
Utilities 0.11
Financial Services 0.07
Other 0.22

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.17
Europe 3.30
Multi-National 0.06
Latin America 0.01
Other -0.54

Top Holdings

Top Holdings
Name Percent
CAD Term Deposit #2600 2.26
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 2.15
Flynn Restaurant Group LP Term Loan B 1st Lien Senior 1.32
Canada Housing Trust No 1 4.79% 15-Sep-2026 1.32
Timber Servicios Empresariales SA Term Loan B 1st Lien F/R 1.31
Allied Universal Holdco LLC Term Loan B 1st Lien F/R 1.17
Albaugh LLC Term Loan B 1st Lien F/R 18-Feb-2029 1.16
Indy US Bidco LLC Term Loan B3 1st Lien F/R 05-Mar-2028 1.09
Nexus Buyer LLC Term Loan B 1st Lien Senior 1.09
Neon Maple US Debt Mergersub Inc. Term Loan B1 1st Lien 1.05

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678-4%-2%0%2%4%6%8%10%12%

IG Mackenzie Floating Rate Income Fund Series C

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.73% 3.37% 5.03%
Beta 0.19% 0.22% 0.38%
Alpha 0.01% 0.03% 0.01%
Rsquared 0.12% 0.19% 0.32%
Sharpe -0.18% 0.60% 0.23%
Sortino 0.08% 0.61% -0.03%
Treynor -0.04% 0.09% 0.03%
Tax Efficiency - 30.13% -
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 2.05% 3.73% 3.37% 5.03%
Beta -0.11% 0.19% 0.22% 0.38%
Alpha 0.05% 0.01% 0.03% 0.01%
Rsquared 0.06% 0.12% 0.19% 0.32%
Sharpe -0.23% -0.18% 0.60% 0.23%
Sortino 0.15% 0.08% 0.61% -0.03%
Treynor 0.04% -0.04% 0.09% 0.03%
Tax Efficiency - - 30.13% -

Fund Details

Start Date July 16, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $680

Fund Codes

FundServ Code Load Code Sales Status
IGI1449

Investment Objectives

The Fund aims to provide current income by investing primarily in floating rate debt obligations and floating rate debt instruments of issuers located anywhere in the world.

Investment Strategy

The Fund will invest in a diversified portfolio composed primarily of floating rate debt obligations and floating rate debt instruments of issuers located anywhere in the world. These investments pay interest at variable rates or rates which are reset periodically in reference to a base lending rate. The Fund intends to invest in corporate debt instruments that are rated less than BBB (below traditional investment grade credit ratings).

Portfolio Management

Portfolio Manager

I.G. Investment Management, Ltd.
Sub-Advisor

Mackenzie Financial Corporation

  • Konstantin Boehmer

Management and Organization

Fund Manager

I.G. Investment Management, Ltd.
Custodian

Canadian Imperial Bank of Commerce
Registrar

I.G. Investment Management, Ltd.
Distributor

Investors Group Financial Services Inc.

Investors Group Securities Inc.

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 15,000
SWP Min Withdrawal 100

Fees

MER 1.98%
Management Fee 1.60%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.70%
Trailer Fee Max (LL) -

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