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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-25-2025) |
$9.56 |
|---|---|
| Change |
$0.01
(0.11%)
|
As at June 30, 2025
As at April 30, 2025
Inception Return (June 18, 2009): 4.35%
| 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 | 0.92% | 1.69% | 1.90% | 1.90% | 6.65% | 7.19% | 6.16% | 1.25% | 2.91% | 2.57% | 2.72% | 2.41% | 3.15% | 2.57% |
| Benchmark | 1.47% | -0.66% | 1.39% | 1.39% | 11.51% | 12.96% | 12.81% | 5.35% | 5.30% | 5.02% | 5.27% | 5.04% | 5.83% | 5.88% |
| Category Average | 1.42% | 2.40% | 3.00% | 3.00% | 7.58% | 7.77% | 6.81% | 2.02% | 3.86% | 3.08% | 3.29% | 3.05% | 3.59% | 3.21% |
| Category Rank | 231 / 245 | 178 / 245 | 198 / 242 | 198 / 242 | 196 / 242 | 202 / 235 | 209 / 232 | 205 / 229 | 202 / 219 | 183 / 213 | 170 / 196 | 162 / 184 | 139 / 168 | 138 / 160 |
| Quartile Ranking | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.84% | 0.90% | 1.05% | -0.11% | 0.98% | -0.07% | 0.81% | 0.41% | -1.01% | -0.43% | 1.21% | 0.92% |
| Benchmark | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% | 0.36% | -0.24% | -3.14% | 1.07% | 1.47% |
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 | 2 | 4 | 4 | 4 | 3 |
| Category Rank | 144/ 153 | 71/ 167 | 107/ 175 | 177/ 186 | 95/ 211 | 106/ 218 | 191/ 222 | 181/ 229 | 201/ 235 | 145/ 241 |
13.10% (2016)
-11.14% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 65.03 |
| Canadian Corporate Bonds | 15.70 |
| Cash and Equivalents | 10.42 |
| Foreign Bonds - Funds | 3.29 |
| Canadian Bonds - Funds | 1.54 |
| Other | 4.02 |
| Name | Percent |
|---|---|
| Fixed Income | 87.62 |
| Cash and Cash Equivalent | 10.42 |
| Consumer Goods | 0.54 |
| Utilities | 0.49 |
| Financial Services | 0.26 |
| Other | 0.67 |
| Name | Percent |
|---|---|
| North America | 94.42 |
| Multi-National | 3.32 |
| Europe | 1.38 |
| Latin America | 0.17 |
| Other | 0.71 |
| Name | Percent |
|---|---|
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 6.28 |
| Mackenzie Global Sustainable High Yield Bond Fund Series R | 3.12 |
| CAD Currency Forward | 2.17 |
| Mackenzie Global High Yield Fixed Incom ETF (MHYB) | 1.97 |
| Mackenzie High Quality Floating Rate Fund Series R | 1.54 |
| Cash and Cash Equivalents | 1.29 |
| Videotron Ltd 3.63% 29-Jun-2025 | 1.05 |
| TransCanada Trust 4.65% 18-May-2027 | 0.93 |
| Sagard Credit Partners II LP | 0.89 |
| Northleaf Private Credit II LP MI 15 | 0.83 |
Mackenzie North American Corporate Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 4.76% | 5.16% | 6.08% |
|---|---|---|---|
| Beta | 0.56% | 0.59% | 0.53% |
| Alpha | -0.01% | 0.00% | 0.00% |
| Rsquared | 0.34% | 0.52% | 0.32% |
| Sharpe | 0.45% | 0.10% | 0.16% |
| Sortino | 1.15% | 0.00% | -0.06% |
| Treynor | 0.04% | 0.01% | 0.02% |
| Tax Efficiency | 71.90% | 42.83% | 31.90% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.79% | 4.76% | 5.16% | 6.08% |
| Beta | 0.25% | 0.56% | 0.59% | 0.53% |
| Alpha | 0.04% | -0.01% | 0.00% | 0.00% |
| Rsquared | 0.26% | 0.34% | 0.52% | 0.32% |
| Sharpe | 1.12% | 0.45% | 0.10% | 0.16% |
| Sortino | 2.30% | 1.15% | 0.00% | -0.06% |
| Treynor | 0.13% | 0.04% | 0.01% | 0.02% |
| Tax Efficiency | 72.50% | 71.90% | 42.83% | 31.90% |
| 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) | $978 |
| 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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