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IG Mackenzie Canadian Corporate Bond Fund C

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Cdn Corp Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(11-19-2024) 		$10.04
Change
-$0.03 (-0.30%)

As at October 31, 2024

As at August 31, 2024

Period
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Legend

IG Mackenzie Canadian Corporate Bond Fund C

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Fund Returns

Inception Return (May 02, 2011): 2.15%

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 -0.47% 1.65% 6.30% 4.85% 11.86% 6.93% 0.70% 0.35% 1.28% 2.18% 1.62% 1.32% 1.68% 1.58%
Benchmark -0.41% 2.08% 6.64% 5.45% 12.99% 7.77% 1.49% 0.88% 1.92% 3.14% 2.68% 2.56% 2.96% 2.96%
Category Average -0.56% 1.79% 6.37% 5.24% 12.76% 7.49% 0.99% 0.59% 1.45% 2.51% - - - -
Category Rank 30 / 106 92 / 106 68 / 102 80 / 95 84 / 95 77 / 90 66 / 84 63 / 78 55 / 73 61 / 72 56 / 66 56 / 64 47 / 58 43 / 53
Quartile Ranking 2 4 3 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.48% 3.10% -0.66% 0.06% 0.48% -1.25% 1.39% 1.07% 2.05% 0.24% 1.89% -0.47%
Benchmark 3.64% 3.39% -0.70% 0.25% 0.60% -1.26% 1.47% 0.98% 1.96% 0.45% 2.04% -0.41%

Best Monthly Return Since Inception

4.07% (April 2020)

Worst Monthly Return Since Inception

-4.56% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.73% 0.96% 2.05% 0.80% -0.63% 5.48% 7.71% -1.51% -9.98% 6.80%
Benchmark 7.44% 2.74% 3.59% 3.48% 0.96% 8.01% 8.57% -1.32% -10.12% 8.32%
Category Average - - - - - 7.34% 7.62% -1.82% -10.25% 7.57%
Quartile Ranking 4 3 4 4 4 4 3 3 2 4
Category Rank 49/ 52 29/ 53 50/ 58 58/ 64 50/ 66 67/ 72 49/ 73 42/ 79 35/ 84 80/ 91

Best Calendar Return (Last 10 years)

7.71% (2020)

Worst Calendar Return (Last 10 years)

-9.98% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 82.15
Cash and Equivalents 12.23
Foreign Corporate Bonds 3.26
Canadian Government Bonds 1.35
Canadian Bonds - Funds 0.96
Other 0.05

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 87.76
Cash and Cash Equivalent 12.24
Financial Services 0.07
Utilities 0.03
Telecommunications 0.02
Other -0.12

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00
Latin America 0.07
Multi-National 0.01
Other -0.08

Top Holdings

Top Holdings
Name Percent
Bank of Montreal 2.37% 03-Jan-2025 2.14
Algonquin Power & Utils Corp 5.25% 18-Jan-2082 1.92
CAD Term Deposit #2997 1.88
Transcanada Pipelines Ltd 4.35% 06-Dec-2045 1.64
Canadian Imperial Bank Commrce 2.75% 07-Mar-2025 1.61
ARC Resources Ltd 3.47% 10-Mar-2031 1.46
Fairfax Financial Holdings Ltd 3.95% 03-Dec-2030 1.44
Hydro One Inc 3.10% 15-Mar-2051 1.32
Bank of Nova Scotia 1.95% 10-Jan-2025 1.30
Enbridge Inc 5.38% 27-Sep-2027 1.21

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

IG Mackenzie Canadian Corporate Bond Fund C

Median

Other - Cdn Corp Fixed Income

3 Yr Annualized

Standard Deviation 5.97% 5.77% 4.55%
Beta 0.98% 0.87% 0.87%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.95% 0.93% 0.94%
Sharpe -0.43% -0.14% 0.02%
Sortino -0.50% -0.37% -0.40%
Treynor -0.03% -0.01% 0.00%
Tax Efficiency - 3.56% 35.02%
Volatility Volatility rating is 2 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 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.15% 5.97% 5.77% 4.55%
Beta 0.97% 0.98% 0.87% 0.87%
Alpha -0.01% -0.01% 0.00% -0.01%
Rsquared 0.99% 0.95% 0.93% 0.94%
Sharpe 1.31% -0.43% -0.14% 0.02%
Sortino 4.39% -0.50% -0.37% -0.40%
Treynor 0.07% -0.03% -0.01% 0.00%
Tax Efficiency 91.44% - 3.56% 35.02%

Fund Details

Start Date May 02, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $144

Fund Codes

FundServ Code Load Code Sales Status
IGI802
IGI803
IGI804

Investment Objectives

The Fund aims to provide current income by investing primarily in fixed income securities issued by Canadian corporations.

Investment Strategy

The Fund invests primarily in Canadian corporate investment grade securities. The Fund’s investments in high yielding debt instruments rated below BBB or its equivalent (or non-rated investments, other than mortgages) will not generally exceed 25% of its assets, including an investment of up to 10% of its assets in the IG Putnam U.S. High Yield Income Fund. The Fund may also invest up to 10% of its assets in mortgages and in other less liquid assets.

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 05-02-2011
Movin Mokbel 10-31-2017
Daniel Cooper 10-31-2017
Felix Wong 10-31-2017
Mark Hamlin 08-31-2021
Ken Yip 08-31-2021
Jenny Wan 08-31-2021
Konstantin Boehmer 08-30-2022

Management and Organization

Fund Manager I.G. Investment Management, Ltd.
Advisor I.G. Investment Management, Ltd.
Custodian Canadian Imperial Bank of Commerce
Registrar I.G. Investment Management, Ltd.
Distributor Investors Group Financial Services Inc.
Auditor Deloitte LLP

Investment Minimums

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

Fees

MER 1.85%
Management Fee 1.55%
Load Choice of Front or Back
FE Max -
DSC Max 1.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.70%
Trailer Fee Max (NL) 0.70%
Trailer Fee Max (LL) -

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