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Mackenzie North American Corporate Bond Fund Series A
High Yield Fixed Income
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FundGrade C
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|
NAVPS (06-18-2026) |
$9.45 |
|---|---|
| Change |
$0.00
(-0.04%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (June 18, 2009): 4.25%
| 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 | 0.09% | 0.10% | 0.36% | 0.42% | 3.19% | 4.82% | 5.71% | 3.98% | 1.64% | 2.93% | 2.80% | 2.67% | 2.36% | 3.12% |
| Benchmark | 1.73% | 1.68% | 1.44% | 2.26% | 8.06% | 9.95% | 10.49% | 9.66% | 6.15% | 5.57% | 5.13% | 5.59% | 4.78% | 5.90% |
| Category Average | 0.59% | 0.76% | 1.82% | 1.55% | 5.97% | 6.38% | 6.97% | 5.03% | 2.71% | 4.22% | 3.51% | 3.44% | 3.18% | 3.77% |
| Category Rank | 236 / 253 | 232 / 253 | 226 / 250 | 225 / 251 | 230 / 246 | 212 / 242 | 216 / 236 | 215 / 233 | 209 / 227 | 206 / 219 | 181 / 213 | 170 / 195 | 161 / 185 | 144 / 169 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.92% | 0.47% | 0.18% | 0.78% | 0.07% | 0.37% | -0.06% | 0.00% | 0.33% | -1.12% | 1.15% | 0.09% |
| Benchmark | 1.47% | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% |
Best Monthly Return Since Inception
4.49% (March 2016)
Worst Monthly Return Since Inception
-9.03% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 13.10% | 4.76% | -5.60% | 11.50% | 5.34% | 2.30% | -11.14% | 7.68% | 7.34% | 3.76% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 2 | 3 | 4 | 2 | 2 | 4 | 4 | 4 | 3 | 4 |
| Category Rank | 72/ 168 | 106/ 176 | 178/ 187 | 95/ 211 | 108/ 218 | 187/ 223 | 183/ 230 | 196/ 236 | 144/ 242 | 221/ 243 |
Best Calendar Return (Last 10 years)
13.10% (2016)
Worst Calendar Return (Last 10 years)
-11.14% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 65.73 |
| Canadian Corporate Bonds | 16.57 |
| Cash and Equivalents | 11.11 |
| Foreign Bonds - Funds | 4.39 |
| Foreign Bonds - Other | 0.69 |
| Other | 1.51 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 88.34 |
| Cash and Cash Equivalent | 11.11 |
| Utilities | 0.41 |
| Financial Services | 0.07 |
| Telecommunications | 0.05 |
| Other | 0.02 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 93.50 |
| Multi-National | 4.39 |
| Europe | 0.48 |
| Latin America | 0.01 |
| Other | 1.62 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 6.86 |
| Mackenzie Global Sustainable High Yield Bond Fund Series R | 2.99 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.47 |
| Mackenzie Global High Yield Fixed Incom ETF (MHYB) | 1.82 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 1.74 |
| Mackenzie High Quality Floating Rate Fund Series R | 1.40 |
| Sagard Credit Partners II LP | 1.09 |
| TELUS Corp. F/R 15-Oct-2055 | 0.81 |
| Go Daddy Operating Co LLC 3.50% 01-Mar-2029 | 0.80 |
| TransCanada Trust 4.65% 18-May-2027 | 0.75 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie North American Corporate Bond Fund Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.29% | 4.88% | 5.48% |
|---|---|---|---|
| Beta | 0.28 | 0.58 | 0.57 |
| Alpha | 0.03 | -0.02 | 0.00 |
| Rsquared | 0.14% | 0.52% | 0.42% |
| Sharpe | 0.62 | -0.24 | 0.24 |
| Sortino | 1.59 | -0.34 | 0.05 |
| Treynor | 0.07 | -0.02 | 0.02 |
| Tax Efficiency | 69.41% | - | 45.95% |
| Volatility |
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.01% | 3.29% | 4.88% | 5.48% |
| Beta | 0.21 | 0.28 | 0.58 | 0.57 |
| Alpha | 0.02 | 0.03 | -0.02 | 0.00 |
| Rsquared | 0.11% | 0.14% | 0.52% | 0.42% |
| Sharpe | 0.40 | 0.62 | -0.24 | 0.24 |
| Sortino | 0.11 | 1.59 | -0.34 | 0.05 |
| Treynor | 0.04 | 0.07 | -0.02 | 0.02 |
| Tax Efficiency | 50.86% | 69.41% | - | 45.95% |
Fund Details
| 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) | $1,100 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC2979 | ||
| MFC3683 |
Investment Objectives
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.
Investment Strategy
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 Management
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
- |
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 | 1.86% |
|---|---|
| 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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