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Alternative Credit Focus
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|
NAVPS (06-12-2025) |
$7.96 |
|---|---|
| Change |
$0.00
(0.02%)
|
As at May 31, 2025
As at March 31, 2025
Inception Return (June 11, 2020): 2.23%
| 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 | 2.79% | -4.02% | -1.79% | -2.43% | 6.32% | 7.93% | 1.47% | 0.79% | - | - | - | - | - | - |
| Benchmark | 0.08% | -0.97% | 0.76% | 1.28% | 8.93% | 4.72% | 3.34% | 0.32% | -0.12% | 1.00% | 1.83% | 1.49% | 1.65% | 1.76% |
| Category Average | 0.97% | 0.24% | 1.67% | 1.45% | 6.73% | 7.04% | 5.38% | 3.12% | 4.86% | 4.06% | - | - | - | - |
| Category Rank | 7 / 137 | 134 / 135 | 133 / 134 | 135 / 135 | 64 / 122 | 36 / 109 | 93 / 94 | 64 / 70 | - | - | - | - | - | - |
| Quartile Ranking | 1 | 4 | 4 | 4 | 3 | 2 | 4 | 4 | - | - | - | - | - | - |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.61% | 1.87% | -0.60% | 1.46% | 1.49% | 3.21% | 0.66% | 1.67% | -0.01% | -3.05% | -3.69% | 2.79% |
| Benchmark | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% | 0.08% |
7.52% (November 2020)
-9.21% (September 2022)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 11.52% | -17.34% | 3.95% | 13.85% |
| Benchmark | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 4 | 4 | 1 |
| Category Rank | - | - | - | - | - | - | 9/ 67 | 90/ 90 | 102/ 108 | 12/ 113 |
13.85% (2024)
-17.34% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 33.13 |
| Cash and Equivalents | 24.54 |
| US Equity | 23.83 |
| Canadian Equity | 16.03 |
| International Equity | 1.16 |
| Other | 1.31 |
| Name | Percent |
|---|---|
| Fixed Income | 34.01 |
| Cash and Cash Equivalent | 24.54 |
| Financial Services | 10.79 |
| Energy | 7.74 |
| Technology | 5.93 |
| Other | 16.99 |
| Name | Percent |
|---|---|
| North America | 92.56 |
| Europe | 1.22 |
| Latin America | 0.28 |
| Asia | 0.15 |
| Africa and Middle East | 0.02 |
| Other | 5.77 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 20.73 |
| SPDR S&P 500 ETF Trust (SPY) | 16.21 |
| Mackenzie Floating Rate Income ETF (MFT) | 7.30 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 3.61 |
| Enbridge Inc | 1.28 |
| Toronto-Dominion Bank | 1.02 |
| Bank of Montreal | 0.92 |
| Bank of Nova Scotia | 0.89 |
| Canadian Imperial Bank of Commerce | 0.88 |
| Telus Corp | 0.73 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 11.11% | - | - |
|---|---|---|---|
| Beta | 1.02% | - | - |
| Alpha | -0.01% | - | - |
| Rsquared | 0.33% | - | - |
| Sharpe | -0.17% | - | - |
| Sortino | -0.11% | - | - |
| Treynor | -0.02% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.34% | 11.11% | - | - |
| Beta | 0.69% | 1.02% | - | - |
| Alpha | 0.00% | -0.01% | - | - |
| Rsquared | 0.17% | 0.33% | - | - |
| Sharpe | 0.39% | -0.17% | - | - |
| Sortino | 0.65% | -0.11% | - | - |
| Treynor | 0.04% | -0.02% | - | - |
| Tax Efficiency | 59.71% | - | - | - |
| Start Date | June 11, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $410 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC8094 |
The Fund seeks to provide a high level of current income and the potential for long-term capital appreciation primarily through long and/or short positions in fixed-income securities and equity securities of issuers anywhere in the world. The Fund may engage in physical short sales and borrowing and/or use derivatives for hedging and investment purposes.
To achieve its investment objectives, the Fund will pursue a flexible approach to gaining long and/or short exposure to yield-oriented (i) fixed income securities, including lower-rated debt securities; and (ii) equity securities. The Fund will typically invest in both traditional and non-traditional securities which have historically generated a significant portion of their total return from income.
| Portfolio Manager |
Mackenzie Financial Corporation |
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
IPC Investment Corporation IPC Securities Corporation Quadrus Investment Services Limited |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.35% |
|---|---|
| Management Fee | 1.85% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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