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Floating Rate Loan
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-07-2025) |
$7.68 |
|---|---|
| Change |
-$0.03
(-0.33%)
|
As at August 31, 2025
As at June 30, 2025
Inception Return (May 06, 2013): 3.15%
| 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 | -0.43% | 0.69% | 0.13% | 0.54% | 3.25% | 5.51% | 5.24% | 2.83% | 3.67% | 2.15% | 2.04% | 2.49% | 3.08% | 2.96% |
| Benchmark | 1.78% | 4.37% | 9.15% | 11.56% | 14.45% | 13.23% | 16.68% | 8.46% | 7.92% | 6.71% | 5.93% | 5.59% | 5.67% | 5.41% |
| Category Average | 0.02% | 1.17% | 0.91% | 1.39% | 4.02% | 5.64% | 5.83% | 3.53% | 4.29% | 3.09% | 3.02% | 3.16% | 3.38% | 3.29% |
| Category Rank | 70 / 76 | 74 / 76 | 54 / 76 | 57 / 76 | 65 / 76 | 63 / 75 | 64 / 75 | 63 / 74 | 62 / 74 | 62 / 69 | 62 / 67 | 59 / 66 | 47 / 57 | 45 / 53 |
| Quartile Ranking | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.31% | 1.00% | 0.92% | 0.45% | 0.40% | 0.01% | -0.92% | -1.02% | 1.40% | 0.54% | 0.58% | -0.43% |
| Benchmark | 1.62% | 0.99% | -1.53% | 1.52% | 1.61% | 0.58% | 3.62% | 0.14% | 0.79% | 3.17% | -0.61% | 1.78% |
2.93% (January 2023)
-12.99% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.85% | 9.78% | 5.83% | 1.66% | 3.99% | -1.83% | 3.53% | -6.28% | 9.73% | 7.78% |
| Benchmark | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% |
| Category Average | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% |
| Quartile Ranking | 4 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Category Rank | 47/ 53 | 22/ 54 | 17/ 57 | 34/ 66 | 60/ 68 | 71/ 74 | 56/ 74 | 70/ 74 | 51/ 75 | 51/ 76 |
9.78% (2016)
-6.28% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 88.42 |
| Cash and Equivalents | 6.75 |
| Canadian Corporate Bonds | 2.08 |
| Foreign Bonds - Other | 0.93 |
| Foreign Government Bonds | 0.80 |
| Other | 1.02 |
| Name | Percent |
|---|---|
| Fixed Income | 92.43 |
| Cash and Cash Equivalent | 6.75 |
| Consumer Goods | 0.31 |
| Utilities | 0.24 |
| Financial Services | 0.15 |
| Other | 0.12 |
| Name | Percent |
|---|---|
| North America | 96.62 |
| Europe | 3.27 |
| Latin America | 0.02 |
| Other | 0.09 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 4.80 |
| KP Germany Erste GmbH Term Loan B 1st Lien F/R 04-Feb-2026 | 1.46 |
| CAD Currency Forward | 1.39 |
| Flynn Restaurant Group LP Term Loan B 1st Lien Senior | 1.26 |
| Specialty Pharma III Inc. Term Loan B 1st Lien | 1.16 |
| MH Sub I LLC Term Loan B 1st Lien Sr F/R 11-Dec-2031 | 1.15 |
| Natgasoline LLC Term Loan B 1st Lien F/R 24-Mar-2030 | 1.12 |
| Neptune Bidco US Inc. Term Loan B 1st Lien | 1.00 |
| Infobip Inc. Term Loan 1st Lien F/R 17-Sep-2026 | 0.96 |
| X Corp. Term Loan B1 1st Lien F/R 26-Oct-2029 | 0.95 |
Mackenzie Floating Rate Income Fund Series A
Median
Other - Floating Rate Loan
| Standard Deviation | 3.12% | 3.14% | 5.34% |
|---|---|---|---|
| Beta | 0.06% | 0.18% | 0.42% |
| Alpha | 0.04% | 0.02% | 0.01% |
| Rsquared | 0.01% | 0.13% | 0.33% |
| Sharpe | 0.37% | 0.34% | 0.24% |
| Sortino | 1.05% | 0.28% | 0.02% |
| Treynor | 0.20% | 0.06% | 0.03% |
| Tax Efficiency | 36.85% | 29.84% | 24.81% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.58% | 3.12% | 3.14% | 5.34% |
| Beta | -0.18% | 0.06% | 0.18% | 0.42% |
| Alpha | 0.06% | 0.04% | 0.02% | 0.01% |
| Rsquared | 0.12% | 0.01% | 0.13% | 0.33% |
| Sharpe | 0.07% | 0.37% | 0.34% | 0.24% |
| Sortino | 0.13% | 1.05% | 0.28% | 0.02% |
| Treynor | -0.01% | 0.20% | 0.06% | 0.03% |
| Tax Efficiency | - | 36.85% | 29.84% | 24.81% |
| Start Date | May 06, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Partially Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $418 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC4324 | ||
| MFC4325 |
The Fund seeks to generate current income. The Fund invests primarily in floating rate debt obligations and other floating rate debt instruments of issuers located anywhere in the world.
The Fund may invest in floating rate debt instruments of issuers rated below investment grade, which are those with a credit rating of below “BBB-” as rated by a recognized credit rating organization. These instruments may include senior loans which have seniority in a company’s structure with the loans generally secured against the issuing company’s assets or other collateral.
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 1.98% |
|---|---|
| Management Fee | 1.55% |
| Load | Front Fee Only |
| FE Max | - |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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