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Mackenzie Corporate Bond Fund Series LB

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2013, 2012

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NAVPS
(04-18-2024)
$8.72
Change
-$0.01 (-0.09%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Corporate Bond Fund Series LB

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Fund Returns

Inception Return (January 19, 2012): 3.29%

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 1.04% 2.20% 7.18% 2.20% 7.25% 1.94% 0.85% 4.44% 2.64% 2.60% 2.39% 3.40% 2.44% 2.23%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.04% 7.26% 7.26% 1.57% 7.54% 1.83% 0.64% 4.84% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 145 / 300 96 / 300 206 / 298 96 / 300 197 / 294 174 / 288 169 / 281 202 / 274 152 / 266 143 / 242 143 / 229 147 / 201 144 / 190 139 / 173
Quartile Ranking 2 2 3 2 3 3 3 3 3 3 3 3 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.47% -0.82% 0.36% 0.63% 0.09% -0.65% -0.66% 3.09% 2.40% 0.96% 0.19% 1.04%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

4.35% (March 2016)

Worst Monthly Return Since Inception

-8.22% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.14% -4.50% 11.01% 3.73% -3.21% 9.07% 5.72% 3.74% -9.83% 8.21%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 4 3 3 4 3 3 2 3 2 3
Category Rank 161/ 172 126/ 183 132/ 200 175/ 228 156/ 240 169/ 265 114/ 273 145/ 275 142/ 285 200/ 294

Best Calendar Return (Last 10 years)

11.01% (2016)

Worst Calendar Return (Last 10 years)

-9.83% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 54.38
Canadian Corporate Bonds 33.97
Canadian Equity 3.04
Foreign Government Bonds 3.03
Cash and Equivalents 2.71
Other 2.87

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.17
Cash and Cash Equivalent 2.71
Utilities 0.94
Energy 0.87
Consumer Goods 0.63
Other 1.68

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.83
Latin America 3.18
Europe 1.06
Asia -0.05
Other -0.02

Top Holdings

Top Holdings
Name Percent
Videotron Ltd 5.63% 15-Jun-2025 1.84
Parkland Corp 4.38% 26-Mar-2029 1.82
Videotron Ltd 3.63% 15-Jun-2028 1.69
Superior Plus LP 4.25% 18-May-2028 1.67
Parkland Corp 4.50% 01-Oct-2029 1.51
Northleaf Private Credit II LP MI 15 1.48
Keyera Corp 6.88% 13-Jun-2079 1.46
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.36
TransCanada Trust 4.65% 18-May-2027 1.32
Mexico Government 8.50% 01-Mar-2029 1.28

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Mackenzie Corporate Bond Fund Series LB

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.16% 6.15% 5.37%
Beta 0.56% 0.69% 0.40%
Alpha -0.01% 0.00% 0.00%
Rsquared 0.57% 0.64% 0.27%
Sharpe -0.32% 0.14% 0.18%
Sortino -0.51% -0.04% -0.15%
Treynor -0.03% 0.01% 0.02%
Tax Efficiency - 35.01% 21.58%
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 4.11% 5.16% 6.15% 5.37%
Beta 0.43% 0.56% 0.69% 0.40%
Alpha 0.03% -0.01% 0.00% 0.00%
Rsquared 0.22% 0.57% 0.64% 0.27%
Sharpe 0.57% -0.32% 0.14% 0.18%
Sortino 2.43% -0.51% -0.04% -0.15%
Treynor 0.06% -0.03% 0.01% 0.02%
Tax Efficiency 74.51% - 35.01% 21.58%

Fund Details

Start Date January 19, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $331

Fund Codes

FundServ Code Load Code Sales Status
MFC4414

Investment Objectives

The Fund seeks above-average income with the potential for longterm growth of accumulated capital. The Fund invests primarily in higher yielding Canadian corporate securities (both equity and fixed-income securities). Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.

Investment Strategy

Generally, the Fund will invest from 50% to 100% of its assets in higher-yielding fixed-income and equity securities of Canadian issuers. The Fund may, however, invest a lesser percentage of its assets in these securities when the portfolio manager believes it would be beneficial to the Fund’s investors to do so. The Fund may invest up to 49% of its assets in foreign securities.

Portfolio Manager(s)

Name Start Date
Konstantin Boehmer 02-20-2020
Dan Cooper 02-20-2020
Steve Locke 02-20-2020
Movin Mokbel 02-20-2020

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 1.76%
Management Fee 1.35%
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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