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Mackenzie Canadian Short Term Income Fund Series A

Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-18-2024)
$1.89
Change
$0.00 (-0.14%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Canadian Short Term Income Fund Series A

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Fund Returns

Inception Return (November 24, 2006): 1.75%

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 0.41% 0.26% 4.45% 0.26% 2.95% 0.90% -0.96% 0.39% 0.24% 0.54% 0.45% 0.81% 0.59% 0.80%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.40% 4.40% 0.54% 3.84% 1.74% 0.16% 1.11% 1.08% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 229 / 322 252 / 289 159 / 287 252 / 289 241 / 272 242 / 262 238 / 245 206 / 236 218 / 227 203 / 211 183 / 196 143 / 183 141 / 171 123 / 155
Quartile Ranking 3 4 3 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.30% -1.08% -0.29% -0.04% 0.18% -0.50% 0.64% 1.82% 1.67% -0.10% -0.05% 0.41%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

1.93% (April 2020)

Worst Monthly Return Since Inception

-2.33% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.22% 0.43% 2.45% 0.70% 0.31% 2.88% 3.99% -1.92% -5.70% 4.10%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 4 1 2 4 3 3 4 4 4
Category Rank 89/ 146 141/ 167 42/ 180 69/ 188 178/ 208 132/ 225 173/ 235 228/ 241 235/ 255 232/ 269

Best Calendar Return (Last 10 years)

4.10% (2023)

Worst Calendar Return (Last 10 years)

-5.70% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 54.94
Canadian Government Bonds 30.92
Cash and Equivalents 9.87
Foreign Corporate Bonds 2.81
Foreign Government Bonds 0.50
Other 0.96

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.42
Cash and Cash Equivalent 9.87
Financial Services 0.52
Utilities 0.13
Consumer Goods 0.02
Other 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.58
Latin America 0.31
Europe 0.08
Multi-National 0.02
Asia -0.03
Other 0.04

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Sep-2028 7.01
Ontario Province 2.60% 02-Jun-2025 6.52
Canada Government 2.75% 01-Sep-2027 4.86
Ontario Province 3.60% 08-Mar-2028 2.75
Hydro One Inc 4.91% 27-Dec-2027 2.67
Ontario Province 3.40% 08-Sep-2028 2.63
Quebec Province 2.75% 01-Sep-2028 2.49
Manulife Financial Corp 5.41% 10-Mar-2028 2.45
National Bank of Canada 1.57% 18-Aug-2025 2.39
Sun Life Financial Inc 2.80% 21-Nov-2028 2.23

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Mackenzie Canadian Short Term Income Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.76% 2.70% 2.18%
Beta 1.00% 1.03% 0.99%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.93% 0.76% 0.73%
Sharpe -1.28% -0.61% -0.26%
Sortino -1.56% -1.16% -1.15%
Treynor -0.04% -0.02% -0.01%
Tax Efficiency - - 22.94%
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 2.88% 2.76% 2.70% 2.18%
Beta 1.11% 1.00% 1.03% 0.99%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.98% 0.93% 0.76% 0.73%
Sharpe -0.62% -1.28% -0.61% -0.26%
Sortino -0.03% -1.56% -1.16% -1.15%
Treynor -0.02% -0.04% -0.02% -0.01%
Tax Efficiency 72.91% - - 22.94%

Fund Details

Start Date November 24, 2006
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $256

Fund Codes

FundServ Code Load Code Sales Status
MFC088
MFC1642
MFC245
MFC3169
MFC445
MFC618
MFC7027

Investment Objectives

The Fund seeks to provide a steady flow of income with an emphasis on capital preservation by investing mainly in fixed-income securities issued in Canada by governments, government-related entities and corporations. The Fund will generally invest in high-quality fixed-income securities with relatively short terms to maturity.

Investment Strategy

The Fund’s investments are expected to have a weighted average credit quality of “BBB-” or higher, as rated by a recognized credit rating organization. The portfolio manager may vary the weighted average credit quality and the Fund may invest in bonds that are below investment grade. In order to limit price volatility, the Fund will limit the weighted average term to maturity of its investments to five years or less.

Portfolio Manager(s)

Name Start Date
Felix Wong 01-30-2008
Steve Locke 06-04-2010

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor LBC Financial Services Inc.
Auditor Deloitte & Touche LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 0

Fees

MER 1.56%
Management Fee 1.25%
Load Back Fee Only
FE Max -
DSC Max 5.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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