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Mackenzie Corporate Bond Fund Series LB
High Yield Fixed Income
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FundGrade C
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FundGrade A+® Rating Recipient
2013, 2012
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|
NAVPS (07-15-2026) |
$8.91 |
|---|---|
| Change |
$0.01
(0.15%)
|
As at June 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (January 19, 2012): 3.56%
| 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 | 0.22% | 1.45% | 0.87% | 0.87% | 3.47% | 5.14% | 6.18% | 5.63% | 2.33% | 3.63% | 3.23% | 3.33% | 3.05% | 3.45% |
| Benchmark | 2.93% | 4.53% | 5.26% | 5.26% | 9.62% | 10.56% | 11.83% | 12.00% | 6.19% | 6.01% | 5.66% | 5.81% | 5.54% | 6.21% |
| Category Average | 0.09% | 2.19% | 1.64% | 1.64% | 4.58% | 6.07% | 6.70% | 6.25% | 2.52% | 3.98% | 3.29% | 3.45% | 3.22% | 3.69% |
| Category Rank | 135 / 253 | 226 / 252 | 195 / 250 | 195 / 250 | 176 / 245 | 182 / 242 | 172 / 235 | 198 / 232 | 160 / 229 | 165 / 218 | 144 / 212 | 138 / 197 | 125 / 185 | 134 / 169 |
| Quartile Ranking | 3 | 4 | 4 | 4 | 3 | 4 | 3 | 4 | 3 | 4 | 3 | 3 | 3 | 4 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.68% | 0.51% | 0.86% | 0.09% | 0.41% | 0.01% | 0.10% | 0.44% | -1.10% | 1.08% | 0.14% | 0.22% |
| Benchmark | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% |
Best Monthly Return Since Inception
4.35% (March 2016)
Worst Monthly Return Since Inception
-8.22% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 11.01% | 3.73% | -3.21% | 9.07% | 5.72% | 3.74% | -9.83% | 8.21% | 8.27% | 4.45% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 3 | 4 | 3 | 3 | 2 | 3 | 2 | 4 | 2 | 4 |
| Category Rank | 118/ 168 | 149/ 176 | 113/ 187 | 155/ 211 | 95/ 217 | 130/ 222 | 107/ 229 | 180/ 235 | 106/ 241 | 190/ 242 |
Best Calendar Return (Last 10 years)
11.01% (2016)
Worst Calendar Return (Last 10 years)
-9.83% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 60.49 |
| Canadian Corporate Bonds | 28.29 |
| Cash and Equivalents | 6.98 |
| Foreign Bonds - Funds | 1.60 |
| Canadian Equity | 0.93 |
| Other | 1.71 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 92.08 |
| Cash and Cash Equivalent | 6.97 |
| Utilities | 0.86 |
| Telecommunications | 0.07 |
| Financial Services | 0.02 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 97.37 |
| Multi-National | 1.60 |
| Europe | 0.46 |
| Latin America | 0.02 |
| Asia | 0.00 |
| Other | 0.55 |
Top Holdings
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 2.76 |
| Algonquin Power & Utils Corp 4.75% 18-Jan-2082 | 1.71 |
| Cascades Inc 6.75% 15-Jul-2030 | 1.64 |
| Superior Plus LP 4.25% 18-May-2028 | 1.62 |
| Mackenzie High Quality Floating Rate Fund Series R | 1.60 |
| Videotron Ltd 3.63% 2-Jan-2026 | 1.22 |
| TELUS Corp. F/R 15-Oct-2055 | 1.21 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 1.18 |
| TransCanada Trust 4.65% 18-May-2027 | 1.18 |
| Emera Inc 6.75% 15-Jun-2076 | 1.07 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Corporate Bond Fund Series LB
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 2.97% | 4.29% | 4.75% |
|---|---|---|---|
| Beta | 0.28 | 0.50 | 0.50 |
| Alpha | 0.03 | -0.01 | 0.00 |
| Rsquared | 0.18% | 0.51% | 0.44% |
| Sharpe | 0.86 | -0.13 | 0.34 |
| Sortino | 2.06 | -0.19 | 0.14 |
| Treynor | 0.09 | -0.01 | 0.03 |
| Tax Efficiency | 69.76% | 20.31% | 49.41% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.89% | 2.97% | 4.29% | 4.75% |
| Beta | 0.11 | 0.28 | 0.50 | 0.50 |
| Alpha | 0.02 | 0.03 | -0.01 | 0.00 |
| Rsquared | 0.05% | 0.18% | 0.51% | 0.44% |
| Sharpe | 0.58 | 0.86 | -0.13 | 0.34 |
| Sortino | 0.31 | 2.06 | -0.19 | 0.14 |
| Treynor | 0.10 | 0.09 | -0.01 | 0.03 |
| Tax Efficiency | 48.78% | 69.76% | 20.31% | 49.41% |
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) | $340 |
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
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.
Portfolio Management
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
LBC Financial Services Inc. |
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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