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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
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|
NAVPS (04-04-2025) |
$9.42 |
|---|---|
| Change |
-$0.06
(-0.65%)
|
As at February 28, 2025
As at December 31, 2024
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Inception Return (June 18, 2009): 4.40%
| 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% | 1.16% | 3.10% | 1.23% | 8.15% | 7.11% | 2.66% | 1.47% | 2.37% | 2.88% | 2.49% | 2.44% | 4.07% | 2.47% |
| Benchmark | 0.36% | 4.44% | 9.83% | 2.31% | 16.13% | 13.40% | 8.80% | 5.52% | 5.20% | 5.67% | 5.57% | 5.31% | 6.56% | 6.01% |
| Category Average | 0.56% | 1.22% | 3.26% | 1.57% | 8.24% | 7.59% | 3.19% | 2.16% | 3.00% | 3.30% | 3.05% | 3.04% | 4.20% | 3.07% |
| Category Rank | 213 / 283 | 222 / 283 | 204 / 283 | 252 / 283 | 196 / 281 | 239 / 275 | 235 / 269 | 233 / 263 | 219 / 252 | 209 / 244 | 193 / 221 | 183 / 209 | 159 / 200 | 162 / 189 |
| Quartile Ranking | 4 | 4 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.01% | -0.73% | 1.04% | 0.75% | 1.84% | 0.90% | 1.05% | -0.11% | 0.98% | -0.07% | 0.81% | 0.41% |
| Benchmark | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% | 0.36% |
4.49% (March 2016)
-9.03% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -6.06% | 13.10% | 4.76% | -5.60% | 11.50% | 5.34% | 2.30% | -11.14% | 7.68% | 7.34% |
| Benchmark | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% |
| Category Average | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% |
| Quartile Ranking | 4 | 2 | 3 | 4 | 2 | 3 | 4 | 4 | 4 | 3 |
| Category Rank | 169/ 182 | 81/ 199 | 117/ 208 | 210/ 219 | 97/ 244 | 130/ 252 | 218/ 257 | 216/ 266 | 229/ 275 | 174/ 281 |
13.10% (2016)
-11.14% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 61.27 |
| Canadian Corporate Bonds | 17.53 |
| Cash and Equivalents | 10.08 |
| Foreign Bonds - Funds | 5.12 |
| Canadian Equity | 1.87 |
| Other | 4.13 |
| Name | Percent |
|---|---|
| Fixed Income | 87.25 |
| Cash and Cash Equivalent | 10.08 |
| Industrial Goods | 0.62 |
| Consumer Goods | 0.56 |
| Utilities | 0.47 |
| Other | 1.02 |
| Name | Percent |
|---|---|
| North America | 91.89 |
| Multi-National | 5.28 |
| Europe | 1.44 |
| Latin America | 1.11 |
| Africa and Middle East | 0.23 |
| Other | 0.05 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 5.26 |
| Mackenzie Global Sustainable High Yield Bond Fund Series R | 3.03 |
| Mackenzie Global High Yield Fixed Incom ETF (MHYB) | 1.94 |
| Mackenzie High Quality Floating Rate Fund Series R | 1.50 |
| Videotron Ltd 3.63% 01-Feb-2025 | 1.03 |
| Keyera Corp 6.88% 13-Jun-2079 | 1.03 |
| Northleaf Private Credit II LP MI 15 | 1.02 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 0.97 |
| Sagard Credit Partners II LP | 0.92 |
| Enbridge Inc 8.75% 15-Oct-2033 | 0.90 |
Mackenzie North American Corporate Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.82% | 6.90% | 6.09% |
|---|---|---|---|
| Beta | 0.70% | 0.77% | 0.52% |
| Alpha | -0.03% | -0.02% | -0.01% |
| Rsquared | 0.59% | 0.66% | 0.31% |
| Sharpe | -0.17% | 0.03% | 0.16% |
| Sortino | -0.05% | -0.08% | -0.08% |
| Treynor | -0.01% | 0.00% | 0.02% |
| Tax Efficiency | 34.60% | 28.63% | 28.71% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.37% | 5.82% | 6.90% | 6.09% |
| Beta | 0.09% | 0.70% | 0.77% | 0.52% |
| Alpha | 0.07% | -0.03% | -0.02% | -0.01% |
| Rsquared | 0.02% | 0.59% | 0.66% | 0.31% |
| Sharpe | 1.61% | -0.17% | 0.03% | 0.16% |
| Sortino | 4.45% | -0.05% | -0.08% | -0.08% |
| Treynor | 0.43% | -0.01% | 0.00% | 0.02% |
| Tax Efficiency | 77.65% | 34.60% | 28.63% | 28.71% |
| 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) | $992 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC2979 | ||
| MFC3683 | ||
| MFC4214 |
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.
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
- |
| 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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