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Mackenzie Strategic Income Fund Series LB

Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2012

Click for more information on Fundata’s FundGrade

NAVPS
(05-17-2024)
$13.28
Change
$0.02 (0.12%)

As at April 30, 2024

As at February 29, 2024

Period
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Legend

Mackenzie Strategic Income Fund Series LB

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Fund Returns

Inception Return (December 12, 2012): 4.91%

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 -1.73% 2.04% 10.55% 2.50% 5.37% 3.96% 2.56% 5.89% 3.81% 4.24% 3.74% 5.14% 4.07% 4.19%
Benchmark -1.88% 1.39% 11.11% 1.08% 4.37% 3.44% 3.24% 6.33% 4.97% 5.50% 4.90% 5.45% 4.60% 4.91%
Category Average -2.03% 10.42% 10.42% 1.66% 4.77% 3.36% 2.24% 5.58% 3.94% 4.18% 3.69% 4.36% 3.60% 3.95%
Category Rank 177 / 448 196 / 442 286 / 442 191 / 442 244 / 431 188 / 418 274 / 389 247 / 378 284 / 368 262 / 361 226 / 346 150 / 333 163 / 299 187 / 287
Quartile Ranking 2 2 3 2 3 2 3 3 4 3 3 2 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.98% 1.65% 0.74% -0.67% -2.46% -0.98% 4.73% 2.98% 0.46% 1.77% 2.03% -1.73%
Benchmark -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88%

Best Monthly Return Since Inception

5.92% (November 2020)

Worst Monthly Return Since Inception

-8.87% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.38% -1.32% 11.35% 7.10% -3.78% 12.71% 4.80% 9.65% -7.78% 8.07%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 4 3 2 2 3 3 4 4 2 3
Category Rank 268/ 286 211/ 299 93/ 331 112/ 344 180/ 355 252/ 365 281/ 374 328/ 389 182/ 409 276/ 429

Best Calendar Return (Last 10 years)

12.71% (2019)

Worst Calendar Return (Last 10 years)

-7.78% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 28.10
Foreign Corporate Bonds 21.52
US Equity 15.96
Canadian Corporate Bonds 14.96
International Equity 10.31
Other 9.15

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 42.45
Financial Services 13.27
Technology 7.80
Energy 6.83
Industrial Services 4.77
Other 24.88

Geographic Allocation

Geographic Allocation
Name Percent
North America 85.94
Europe 8.70
Asia 2.69
Latin America 2.00
Africa and Middle East 0.15
Other 0.52

Top Holdings

Top Holdings
Name Percent
Mackenzie Global High Yield Fixed Incom ETF (MHYB) 5.68
Royal Bank of Canada 2.00
Microsoft Corp 1.49
Bank of Montreal 1.47
Canadian Natural Resources Ltd 1.44
Cash and Cash Equivalents 1.37
Canadian Pacific Kansas City Ltd 1.32
Toronto-Dominion Bank 1.30
Canadian National Railway Co 1.09
TC Energy Corp 0.99

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Mackenzie Strategic Income Fund Series LB

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 7.88% 8.58% 7.16%
Beta 0.81% 0.81% 0.82%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.95% 0.94% 0.89%
Sharpe 0.01% 0.25% 0.41%
Sortino -0.03% 0.17% 0.26%
Treynor 0.00% 0.03% 0.04%
Tax Efficiency 61.30% 74.25% 78.92%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.01% 7.88% 8.58% 7.16%
Beta 0.81% 0.81% 0.81% 0.82%
Alpha 0.02% 0.00% 0.00% 0.00%
Rsquared 0.97% 0.95% 0.94% 0.89%
Sharpe 0.09% 0.01% 0.25% 0.41%
Sortino 0.52% -0.03% 0.17% 0.26%
Treynor 0.01% 0.00% 0.03% 0.04%
Tax Efficiency 87.90% 61.30% 74.25% 78.92%

Fund Details

Start Date December 12, 2012
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $1,686

Fund Codes

FundServ Code Load Code Sales Status
MFC4453

Investment Objectives

The Fund seeks income with the potential for long-term capital growth by investing primarily in fixed-income and/or income-oriented equity securities. Any change to the fundamental investment objectives must be approved by a majority of votes cast at a meeting of investors held for that reason.

Investment Strategy

The Fund will pursue a flexible approach to investing in fixed income and/or equity asset classes with no geographic restriction. The Fund will generally invest 30% to 70% of its assets in any one asset class but may invest 0% to 100% of its assets in any one asset class.

Portfolio Manager(s)

Name Start Date
Steve Locke 12-12-2012
Dan Cooper 12-12-2012
Tim Johal 01-01-2013
Movin Mokbel 06-26-2013
Darren McKiernan 12-09-2013
Martin Downie 09-20-2018

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 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 2.37%
Management Fee 1.85%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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