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Floating Rate Loan
Click for more information on Fundata’s FundGrade.
NAVPS (05-02-2024) |
$8.28 |
---|---|
Change |
$0.01
(0.08%)
|
As at March 31, 2024
As at January 31, 2024
Inception Return (July 16, 2014): 2.79%
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 | 0.60% | 2.41% | 4.62% | 2.41% | 8.45% | 2.89% | 2.15% | 5.34% | 1.71% | 1.85% | 2.33% | 3.47% | 2.76% | - |
Benchmark | 0.28% | 3.13% | 7.91% | 3.13% | 11.86% | 10.27% | 5.84% | 8.20% | 4.26% | 3.19% | 4.10% | 4.75% | 4.77% | 4.11% |
Category Average | 0.44% | 4.48% | 4.48% | 2.04% | 9.05% | 4.11% | 3.29% | 6.38% | 2.78% | 2.73% | 2.93% | 3.64% | 2.85% | 3.05% |
Category Rank | 59 / 80 | 51 / 80 | 56 / 79 | 51 / 80 | 66 / 79 | 67 / 78 | 69 / 78 | 65 / 78 | 61 / 72 | 59 / 70 | 50 / 61 | 45 / 58 | 43 / 57 | - |
Quartile Ranking | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - |
Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.70% | -0.50% | 1.28% | 0.83% | 0.88% | 0.43% | -0.29% | 1.04% | 1.40% | 1.10% | 0.70% | 0.60% |
Benchmark | 2.66% | -2.20% | 0.47% | 1.38% | 2.55% | -1.17% | 2.29% | 2.51% | -0.20% | 1.33% | 1.50% | 0.28% |
3.01% (January 2023)
-12.10% (March 2020)
Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Fund | - | -0.53% | 9.46% | 5.20% | 1.73% | 4.69% | -1.09% | 3.52% | -6.74% | 9.43% |
Benchmark | 1.85% | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% |
Category Average | 3.44% | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% |
Quartile Ranking | - | 3 | 2 | 2 | 2 | 3 | 4 | 3 | 4 | 3 |
Category Rank | - | 39/ 57 | 29/ 58 | 25/ 61 | 32/ 70 | 52/ 72 | 60/ 78 | 58/ 78 | 76/ 78 | 59/ 79 |
9.46% (2016)
-6.74% (2022)
Name | Percent |
---|---|
Foreign Corporate Bonds | 88.81 |
Cash and Equivalents | 6.17 |
Canadian Corporate Bonds | 2.55 |
Canadian Government Bonds | 0.93 |
Foreign Government Bonds | 0.74 |
Other | 0.80 |
Name | Percent |
---|---|
Fixed Income | 93.24 |
Cash and Cash Equivalent | 6.17 |
Consumer Goods | 0.21 |
Utilities | 0.13 |
Consumer Services | 0.10 |
Other | 0.15 |
Name | Percent |
---|---|
North America | 93.76 |
Europe | 5.52 |
Latin America | 0.06 |
Multi-National | 0.03 |
Other | 0.63 |
Name | Percent |
---|---|
United States Dollars | 3.71 |
Timber Servicios Empresariales SA Term Loan B 1st Lien F/R | 1.56 |
ADS Tactical Inc. Term Loan B 1st Lien F/R 04-Mar-2028 | 1.54 |
Hunter Douglas Inc. Term Loan B 1st Lien F/R 25-Feb-2029 | 1.49 |
iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 1.43 |
Veregy Term Loan 1st Lien F/R 03-Nov-2027 | 1.42 |
Restaurant Brands Term Loan 1st Lien Sr F/R 12-Sep-2030 | 1.24 |
OpenMarket Inc. Term Loan 1st Lien 17-Sep-2026 | 1.20 |
KP Germany Erste GmbH Term Loan B 1st Lien F/R 04-Feb-2026 | 1.08 |
Flynn America LP Term Loan B 1st Lien F/R 23-Jul-2028 | 1.06 |
IG Mackenzie Floating Rate Income Fund Series C
Median
Other - Floating Rate Loan
Standard Deviation | 3.65% | 6.62% | - |
---|---|---|---|
Beta | 0.22% | 0.58% | - |
Alpha | 0.01% | -0.01% | - |
Rsquared | 0.19% | 0.55% | - |
Sharpe | -0.12% | 0.00% | - |
Sortino | -0.28% | -0.18% | - |
Treynor | -0.02% | 0.00% | - |
Tax Efficiency | - | - | - |
Volatility | - |
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 1.99% | 3.65% | 6.62% | - |
Beta | 0.11% | 0.22% | 0.58% | - |
Alpha | 0.07% | 0.01% | -0.01% | - |
Rsquared | 0.09% | 0.19% | 0.55% | - |
Sharpe | 1.71% | -0.12% | 0.00% | - |
Sortino | 5.59% | -0.28% | -0.18% | - |
Treynor | 0.30% | -0.02% | 0.00% | - |
Tax Efficiency | 43.82% | - | - | - |
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) | $606 |
FundServ Code | Load Code | Sales Status |
---|---|---|
IGI1448 | ||
IGI1449 |
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.
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).
Name | Start Date |
---|---|
Steve Locke | 12-09-2020 |
I.G. Investment Management, Ltd. | 12-09-2020 |
Konstantin Boehmer | 08-30-2022 |
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 |
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 |
MER | 1.98% |
---|---|
Management Fee | 1.60% |
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) | - |
Trailer Fee Max (LL) | - |
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