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High Yield Fixed Income
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|
NAVPS (09-06-2024) |
$9.58 |
|---|---|
| Change |
$0.01
(0.09%)
|
As at July 31, 2024
As at May 31, 2024
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Inception Return (June 18, 2009): 4.30%
| 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 | 1.84% | 3.68% | 3.87% | 4.45% | 9.00% | 5.09% | 0.02% | 1.67% | 2.08% | 2.27% | 1.95% | 2.66% | 2.42% | 2.10% |
| Benchmark | 2.95% | 4.79% | 8.23% | 9.73% | 16.53% | 13.03% | 4.11% | 3.77% | 4.22% | 4.71% | 4.90% | 5.14% | 5.18% | 6.21% |
| Category Average | 1.65% | 3.83% | 3.83% | 4.26% | 8.75% | 5.47% | 0.71% | 2.61% | 2.44% | 2.76% | 2.58% | 3.06% | 2.96% | 2.71% |
| Category Rank | 114 / 305 | 122 / 304 | 190 / 303 | 172 / 303 | 194 / 297 | 228 / 297 | 233 / 288 | 235 / 276 | 214 / 271 | 201 / 250 | 194 / 238 | 170 / 223 | 160 / 193 | 157 / 183 |
| Quartile Ranking | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.08% | -1.06% | -0.67% | 3.47% | 2.70% | 0.56% | -0.08% | 1.01% | -0.73% | 1.04% | 0.75% | 1.84% |
| Benchmark | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% |
4.49% (March 2016)
-9.03% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.25% | -6.06% | 13.10% | 4.76% | -5.60% | 11.50% | 5.34% | 2.30% | -11.14% | 7.68% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 4 | 4 | 2 | 3 | 4 | 2 | 2 | 4 | 4 | 4 |
| Category Rank | 155/ 173 | 171/ 185 | 82/ 201 | 119/ 229 | 230/ 240 | 97/ 265 | 133/ 275 | 220/ 279 | 230/ 288 | 233/ 297 |
13.10% (2016)
-11.14% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 60.34 |
| Canadian Corporate Bonds | 18.35 |
| Cash and Equivalents | 11.43 |
| Foreign Bonds - Funds | 3.02 |
| Foreign Government Bonds | 2.92 |
| Other | 3.94 |
| Name | Percent |
|---|---|
| Fixed Income | 86.20 |
| Cash and Cash Equivalent | 11.43 |
| Consumer Goods | 0.46 |
| Utilities | 0.45 |
| Industrial Goods | 0.42 |
| Other | 1.04 |
| Name | Percent |
|---|---|
| North America | 91.99 |
| Multi-National | 3.05 |
| Latin America | 2.62 |
| Europe | 1.91 |
| Africa and Middle East | 0.23 |
| Other | 0.20 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 5.11 |
| Mackenzie Global Sustainable High Yield Bond Fund Series R | 3.02 |
| Mackenzie Global High Yield Fixed Incom ETF (MHYB) | 1.86 |
| Mexico Government 8.50% 01-Mar-2029 | 1.25 |
| Keyera Corp 6.88% 13-Jun-2079 | 1.14 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 1.10 |
| Enbridge Inc 5.38% 27-Sep-2027 | 1.02 |
| Videotron Ltd 3.63% 28-Aug-2024 | 1.01 |
| Northleaf Private Credit II LP MI 15 | 0.96 |
| TransCanada Trust 4.65% 18-May-2027 | 0.93 |
Mackenzie North American Corporate Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 6.04% | 6.91% | 6.20% |
|---|---|---|---|
| Beta | 0.68% | 0.80% | 0.47% |
| Alpha | -0.03% | -0.01% | -0.01% |
| Rsquared | 0.62% | 0.69% | 0.28% |
| Sharpe | -0.48% | 0.02% | 0.12% |
| Sortino | -0.60% | -0.13% | -0.15% |
| Treynor | -0.04% | 0.00% | 0.02% |
| Tax Efficiency | - | 21.31% | 15.87% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.84% | 6.04% | 6.91% | 6.20% |
| Beta | 0.48% | 0.68% | 0.80% | 0.47% |
| Alpha | 0.01% | -0.03% | -0.01% | -0.01% |
| Rsquared | 0.17% | 0.62% | 0.69% | 0.28% |
| Sharpe | 0.81% | -0.48% | 0.02% | 0.12% |
| Sortino | 2.97% | -0.60% | -0.13% | -0.15% |
| Treynor | 0.08% | -0.04% | 0.00% | 0.02% |
| Tax Efficiency | 80.28% | - | 21.31% | 15.87% |
| Start Date | June 18, 2009 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,119 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC2979 | ||
| MFC3683 | ||
| MFC4214 | ||
| MFC7186 |
The Fund seeks to generate above-average income with potential for long-term capital growth by investing primarily in higher yielding fixed-income securities of corporate issuers.
The Fund will generally invest more than 40% of its assets in fixed income securities that have a credit rating below “BBB-” as rated by a recognized credit rating organization and may invest in unrated debt instruments. Where securities have a lower credit qualify, a bottom-up approach including an analysis of business, cash flows and recovery value will also be sued to value the opportunity.
| Name | Start Date |
|---|---|
| Movin Mokbel | 02-20-2020 |
| Steve Locke | 02-20-2020 |
| Konstantin Boehmer | 02-20-2020 |
| Dan Cooper | 02-20-2020 |
| Fund Manager | Mackenzie Financial Corporation |
|---|---|
| Advisor | Mackenzie Financial Corporation |
| Custodian | Canadian Imperial Bank of Commerce |
| Registrar | Mackenzie Financial Corporation |
| Distributor | - |
| Auditor | Deloitte and Touche LLP |
| 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 |
| MER | 1.86% |
|---|---|
| Management Fee | 1.45% |
| Load | Choice of Front or No Load |
| 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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