Join Fund Library now and get free access to personalized features to help you manage your investments.
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
2013, 2012
Click for more information on Fundata’s FundGrade
|
NAVPS (07-25-2024) |
$8.86 |
|---|---|
| Change |
$0.00
(-0.02%)
|
As at June 30, 2024
As at April 30, 2024
Loading...
Inception Return (January 19, 2012): 3.31%
| 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 | 0.64% | 0.98% | 3.20% | 3.20% | 8.30% | 6.13% | 0.50% | 2.89% | 2.47% | 2.74% | 2.46% | 3.04% | 2.45% | 2.14% |
| Benchmark | 1.79% | 2.35% | 6.59% | 6.59% | 14.42% | 13.47% | 3.38% | 3.80% | 3.77% | 4.27% | 4.15% | 5.14% | 5.27% | 5.98% |
| Category Average | 0.68% | 2.56% | 2.56% | 2.56% | 7.97% | 6.42% | 0.23% | 2.95% | 2.20% | 2.59% | 2.42% | 3.11% | 2.73% | 2.49% |
| Category Rank | 210 / 301 | 198 / 301 | 123 / 301 | 123 / 301 | 175 / 295 | 229 / 292 | 173 / 286 | 185 / 276 | 162 / 270 | 154 / 250 | 148 / 238 | 154 / 221 | 151 / 193 | 146 / 181 |
| Quartile Ranking | 3 | 3 | 2 | 2 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.63% | 0.09% | -0.65% | -0.66% | 3.09% | 2.40% | 0.96% | 0.19% | 1.04% | -0.57% | 0.92% | 0.64% |
| Benchmark | 1.08% | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% |
4.35% (March 2016)
-8.22% (March 2020)
| 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 | 3 | 3 |
| Category Rank | 162/ 173 | 130/ 185 | 133/ 201 | 177/ 229 | 156/ 240 | 171/ 265 | 117/ 275 | 146/ 277 | 146/ 286 | 203/ 295 |
11.01% (2016)
-9.83% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 52.12 |
| Canadian Corporate Bonds | 27.94 |
| Cash and Equivalents | 12.28 |
| Canadian Equity | 3.04 |
| Foreign Bonds - Other | 1.96 |
| Other | 2.66 |
| Name | Percent |
|---|---|
| Fixed Income | 83.60 |
| Cash and Cash Equivalent | 12.28 |
| Industrial Goods | 0.92 |
| Utilities | 0.90 |
| Consumer Goods | 0.67 |
| Other | 1.63 |
| Name | Percent |
|---|---|
| North America | 97.42 |
| Latin America | 1.54 |
| Europe | 0.98 |
| Asia | 0.05 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 5.03 |
| Videotron Ltd 5.63% 15-Mar-2025 | 1.78 |
| Parkland Corp 4.38% 26-Mar-2029 | 1.77 |
| Videotron Ltd 3.63% 26-Jul-2024 | 1.64 |
| Superior Plus LP 4.25% 18-May-2028 | 1.62 |
| Parkland Corp 4.50% 01-Oct-2029 | 1.48 |
| Keyera Corp 6.88% 13-Jun-2079 | 1.43 |
| Northleaf Private Credit II LP MI 15 | 1.38 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 1.33 |
| TransCanada Trust 4.65% 18-May-2027 | 1.32 |
Mackenzie Corporate Bond Fund Series LB
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.17% | 6.10% | 5.38% |
|---|---|---|---|
| Beta | 0.58% | 0.70% | 0.40% |
| Alpha | -0.01% | 0.00% | 0.00% |
| Rsquared | 0.58% | 0.65% | 0.27% |
| Sharpe | -0.46% | 0.09% | 0.15% |
| Sortino | -0.60% | -0.08% | -0.18% |
| Treynor | -0.04% | 0.01% | 0.02% |
| Tax Efficiency | - | 30.22% | 16.64% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.01% | 5.17% | 6.10% | 5.38% |
| Beta | 0.36% | 0.58% | 0.70% | 0.40% |
| Alpha | 0.03% | -0.01% | 0.00% | 0.00% |
| Rsquared | 0.11% | 0.58% | 0.65% | 0.27% |
| Sharpe | 0.80% | -0.46% | 0.09% | 0.15% |
| Sortino | 3.31% | -0.60% | -0.08% | -0.18% |
| Treynor | 0.09% | -0.04% | 0.01% | 0.02% |
| Tax Efficiency | 77.38% | - | 30.22% | 16.64% |
| 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) | $338 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC4414 |
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.
The Fund’s investments are generally expected to have a weighted average credit quality of “BB-” or higher, as rated by a recognized credit rating organization. The portfolio manager may vary the weighted average credit quality. The investment approach follows a fundamental analysis to select investments for the Fund, by reviewing the values of the Fund’s investments on an ongoing basis, paying particular attention to credit quality.
| Name | Start Date |
|---|---|
| Konstantin Boehmer | 02-20-2020 |
| Dan Cooper | 02-20-2020 |
| Steve Locke | 02-20-2020 |
| Movin Mokbel | 02-20-2020 |
| 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 |
| 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 |
| MER | 1.77% |
|---|---|
| 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) | - |
Join Fund Library now and get free access to personalized features to help you manage your investments.
Fund Library
