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Alternative Credit Focus
Click for more information on Fundata’s FundGrade.
NAVPS (05-17-2024) |
$8.06 |
---|---|
Change |
$0.01
(0.08%)
|
As at April 30, 2024
As at February 29, 2024
Inception Return (June 11, 2020): 0.91%
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 | -1.05% | 1.65% | 8.74% | 3.13% | 4.61% | -1.49% | -1.35% | - | - | - | - | - | - | - |
Benchmark | -1.95% | -1.87% | 4.32% | -3.20% | -0.95% | 0.45% | -2.16% | -2.21% | -0.14% | 0.85% | 0.60% | 0.90% | 1.04% | 1.75% |
Category Average | -0.24% | 6.34% | 6.34% | 1.67% | 5.87% | 4.17% | 1.75% | 4.57% | 3.39% | - | - | - | - | - |
Category Rank | 92 / 118 | 55 / 118 | 21 / 117 | 41 / 118 | 82 / 114 | 99 / 99 | 58 / 72 | - | - | - | - | - | - | - |
Quartile Ranking | 4 | 2 | 1 | 2 | 3 | 4 | 4 | - | - | - | - | - | - | - |
Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | -3.27% | 1.31% | 1.74% | -0.16% | -1.84% | -1.54% | 3.77% | 1.61% | 1.45% | 1.14% | 1.57% | -1.05% |
Benchmark | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% |
7.52% (November 2020)
-9.21% (September 2022)
Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Fund | - | - | - | - | - | - | - | 11.52% | -17.34% | 3.95% |
Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
Quartile Ranking | - | - | - | - | - | - | - | 1 | 4 | 4 |
Category Rank | - | - | - | - | - | - | - | 9/ 72 | 95/ 95 | 106/ 113 |
11.52% (2021)
-17.34% (2022)
Name | Percent |
---|---|
Foreign Corporate Bonds | 49.61 |
US Equity | 21.94 |
Foreign Government Bonds | 16.94 |
Canadian Equity | 11.65 |
International Equity | 0.41 |
Other | -0.55 |
Name | Percent |
---|---|
Fixed Income | 67.05 |
Financial Services | 13.85 |
Technology | 4.77 |
Mutual Fund | 3.58 |
Energy | 2.87 |
Other | 7.88 |
Name | Percent |
---|---|
North America | 39.98 |
Asia | 7.92 |
Europe | 4.25 |
Latin America | 3.52 |
Africa and Middle East | 1.44 |
Other | 42.89 |
Name | Percent |
---|---|
Mackenzie Floating Rate Income ETF (MFT) | 49.72 |
SPDR Bloomberg Emerging Markets Lcl Bnd ETF (EBND) | 16.93 |
SPDR S&P 500 ETF Trust (SPY) | 13.34 |
Diversified Royalty Corp | 6.12 |
Hercules Capital Inc | 2.20 |
Main Street Capital Corp | 2.02 |
Bank of Nova Scotia | 2.02 |
Enbridge Inc | 1.88 |
SLR Investment Corp | 1.38 |
Ares Capital Corp | 1.16 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
Standard Deviation | 11.32% | - | - |
---|---|---|---|
Beta | 1.03% | - | - |
Alpha | 0.01% | - | - |
Rsquared | 0.37% | - | - |
Sharpe | -0.31% | - | - |
Sortino | -0.41% | - | - |
Treynor | -0.03% | - | - |
Tax Efficiency | - | - | - |
Volatility | - | - |
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 6.86% | 11.32% | - | - |
Beta | 0.64% | 1.03% | - | - |
Alpha | 0.05% | 0.01% | - | - |
Rsquared | 0.44% | 0.37% | - | - |
Sharpe | -0.01% | -0.31% | - | - |
Sortino | 0.37% | -0.41% | - | - |
Treynor | 0.00% | -0.03% | - | - |
Tax Efficiency | 59.80% | - | - | - |
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) | $18 |
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.
Name | Start Date |
---|---|
Mackenzie Financial Corporation | 06-11-2020 |
Fund Manager | Mackenzie Financial Corporation |
---|---|
Advisor | Mackenzie Financial Corporation |
Custodian | Canadian Imperial Bank of Commerce |
Registrar | Mackenzie Financial Corporation |
Distributor | - |
Auditor | Deloitte LLP |
RSP Eligible | Yes |
---|---|
PAC Allowed | Yes |
PAC Initial Investment | 50 |
PAC Subsequent | 50 |
SWP Allowed | No |
SWP Min Balance | - |
SWP Min Withdrawal | - |
MER | 2.32% |
---|---|
Management Fee | 1.85% |
Load | Back Fee Only |
FE Max | 5.00% |
DSC Max | - |
Trailer Fee Max (FE) | - |
Trailer Fee Max (DSC) | - |
Trailer Fee Max (NL) | - |
Trailer Fee Max (LL) | - |
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