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Mackenzie Canadian Short Term Income Fund Series LB

Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-18-2024)
$9.21
Change
-$0.01 (-0.14%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Canadian Short Term Income Fund Series LB

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Fund Returns

Inception Return (January 25, 2012): 1.03%

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 0.41% 0.30% 4.51% 0.30% 3.09% 1.03% -0.82% 0.53% 0.39% 0.67% 0.59% 0.96% 0.73% 0.94%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.40% 4.40% 0.54% 3.84% 1.74% 0.16% 1.11% 1.08% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 221 / 322 242 / 289 150 / 287 242 / 289 231 / 272 240 / 262 236 / 245 195 / 236 213 / 227 196 / 211 172 / 196 131 / 183 132 / 171 110 / 155
Quartile Ranking 3 4 3 4 4 4 4 4 4 4 4 3 4 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.32% -1.07% -0.28% -0.03% 0.19% -0.50% 0.66% 1.83% 1.66% -0.08% -0.03% 0.41%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

1.94% (April 2020)

Worst Monthly Return Since Inception

-2.31% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.36% 0.54% 2.61% 0.87% 0.42% 3.02% 4.14% -1.77% -5.56% 4.21%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 4 1 2 4 3 3 4 4 4
Category Rank 85/ 146 132/ 167 36/ 180 61/ 188 171/ 208 120/ 225 164/ 235 215/ 241 231/ 255 224/ 269

Best Calendar Return (Last 10 years)

4.21% (2023)

Worst Calendar Return (Last 10 years)

-5.56% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 54.94
Canadian Government Bonds 30.92
Cash and Equivalents 9.87
Foreign Corporate Bonds 2.81
Foreign Government Bonds 0.50
Other 0.96

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.42
Cash and Cash Equivalent 9.87
Financial Services 0.52
Utilities 0.13
Consumer Goods 0.02
Other 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.58
Latin America 0.31
Europe 0.08
Multi-National 0.02
Asia -0.03
Other 0.04

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Sep-2028 7.01
Ontario Province 2.60% 02-Jun-2025 6.52
Canada Government 2.75% 01-Sep-2027 4.86
Ontario Province 3.60% 08-Mar-2028 2.75
Hydro One Inc 4.91% 27-Dec-2027 2.67
Ontario Province 3.40% 08-Sep-2028 2.63
Quebec Province 2.75% 01-Sep-2028 2.49
Manulife Financial Corp 5.41% 10-Mar-2028 2.45
National Bank of Canada 1.57% 18-Aug-2025 2.39
Sun Life Financial Inc 2.80% 21-Nov-2028 2.23

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Mackenzie Canadian Short Term Income Fund Series LB

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.75% 2.70% 2.18%
Beta 1.00% 1.03% 0.99%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.93% 0.76% 0.73%
Sharpe -1.24% -0.56% -0.19%
Sortino -1.52% -1.11% -1.09%
Treynor -0.03% -0.01% 0.00%
Tax Efficiency - - 28.89%
Volatility Volatility rating is 1 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 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.87% 2.75% 2.70% 2.18%
Beta 1.10% 1.00% 1.03% 0.99%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.98% 0.93% 0.76% 0.73%
Sharpe -0.58% -1.24% -0.56% -0.19%
Sortino 0.05% -1.52% -1.11% -1.09%
Treynor -0.02% -0.03% -0.01% 0.00%
Tax Efficiency 73.14% - - 28.89%

Fund Details

Start Date January 25, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $256

Fund Codes

FundServ Code Load Code Sales Status
MFC4418

Investment Objectives

The Fund seeks to provide a steady flow of income with an emphasis on capital preservation by investing mainly in fixed-income securities issued in Canada by governments, government-related entities and corporations. The Fund will generally invest in high-quality fixedincome securities with relatively short terms to maturity.

Investment Strategy

Generally, the Fund will invest from 50% to 100% of its assets in fixed-income securities issued by Canadian governments or corporations. The Fund may, however, invest a lesser percentage of its assets in these securities when the portfolio management team believes it would be beneficial to the Fund’s investors to do so. The Fund may also purchase term deposits, treasury bills and money market instruments.

Portfolio Manager(s)

Name Start Date
Steve Locke 01-25-2012
Felix Wong 01-25-2012

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor LBC Financial Services Inc.
Auditor Deloitte & Touche LLP

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 100

Fees

MER 1.42%
Management Fee 1.05%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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