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IG Mackenzie Floating Rate Income Fund Series C

Floating Rate Loan

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$8.29
Change
$0.00 (0.03%)

As at June 30, 2024

As at April 30, 2024

Period
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Legend

IG Mackenzie Floating Rate Income Fund Series C

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Fund Returns

Inception Return (July 16, 2014): 2.86%

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 0.34% 1.36% 3.80% 3.80% 8.33% 6.15% 2.26% 3.95% 1.76% 1.87% 2.39% 3.21% 2.79% -
Benchmark -0.30% 2.13% 5.33% 5.33% 13.25% 16.55% 6.25% 6.37% 4.73% 4.21% 3.99% 4.77% 4.74% 4.59%
Category Average 0.27% 3.15% 3.15% 3.15% 8.13% 7.37% 3.21% 4.80% 2.76% 2.82% 2.96% 3.44% 2.95% 3.11%
Category Rank 54 / 78 53 / 78 54 / 78 54 / 78 63 / 77 66 / 77 65 / 76 64 / 76 61 / 71 58 / 68 56 / 68 47 / 57 43 / 55 -
Quartile Ranking 3 3 3 3 4 4 4 4 4 4 4 4 4 -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.83% 0.88% 0.43% -0.29% 1.04% 1.40% 1.10% 0.70% 0.60% 0.23% 0.79% 0.34%
Benchmark 1.38% 2.55% -1.17% 2.29% 2.51% -0.20% 1.33% 1.50% 0.28% 0.84% 1.58% -0.30%

Best Monthly Return Since Inception

3.01% (January 2023)

Worst Monthly Return Since Inception

-12.10% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -0.53% 9.46% 5.20% 1.73% 4.69% -1.09% 3.52% -6.74% 9.43%
Benchmark 1.85% 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42%
Category Average 3.44% -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97%
Quartile Ranking - 3 2 2 2 3 4 3 4 4
Category Rank - 37/ 55 27/ 56 23/ 59 31/ 68 51/ 70 59/ 76 57/ 76 75/ 76 58/ 77

Best Calendar Return (Last 10 years)

9.46% (2016)

Worst Calendar Return (Last 10 years)

-6.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 91.44
Cash and Equivalents 4.75
Canadian Corporate Bonds 1.38
Canadian Government Bonds 0.89
Foreign Government Bonds 0.61
Other 0.93

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.54
Cash and Cash Equivalent 4.75
Consumer Goods 0.22
Industrial Goods 0.17
Utilities 0.12
Other 0.20

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.60
Europe 5.26
Multi-National 0.03
Latin America 0.02
Other -0.91

Top Holdings

Top Holdings
Name Percent
CAD Term Deposit #2392 2.16
Timber Servicios Empresariales SA Term Loan B 1st Lien F/R 1.52
Veregy Term Loan 1st Lien F/R 03-Nov-2027 1.51
ADS Tactical Inc. Term Loan B 1st Lien F/R 04-Mar-2028 1.50
Hunter Douglas Inc. Term Loan B 1st Lien F/R 25-Feb-2029 1.47
United States Dollars 1.42
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 1.38
Restaurant Brands Term Loan 1st Lien Sr F/R 12-Sep-2030 1.22
Specialty Pharma III Inc. Term Loan B 1st Lien 1.09
OpenMarket Inc. Term Loan 1st Lien 17-Sep-2026 1.07

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

IG Mackenzie Floating Rate Income Fund Series C

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.66% 6.62% -
Beta 0.22% 0.59% -
Alpha 0.01% -0.01% -
Rsquared 0.19% 0.56% -
Sharpe -0.19% -0.02% -
Sortino -0.24% -0.17% -
Treynor -0.03% 0.00% -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 2 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 1.56% 3.66% 6.62% -
Beta 0.01% 0.22% 0.59% -
Alpha 0.08% 0.01% -0.01% -
Rsquared 0.00% 0.19% 0.56% -
Sharpe 2.04% -0.19% -0.02% -
Sortino 9.32% -0.24% -0.17% -
Treynor 4.00% -0.03% 0.00% -
Tax Efficiency 42.27% - - -

Fund Details

Start Date July 16, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $638

Fund Codes

FundServ Code Load Code Sales Status
IGI1449

Investment Objectives

The Fund aims to provide current income by investing primarily in floating rate debt obligations and floating rate debt instruments of issuers located anywhere in the world.

Investment Strategy

The Fund will invest in a diversified portfolio composed primarily of floating rate debt obligations and floating rate debt instruments of issuers located anywhere in the world. These investments pay interest at variable rates or rates which are reset periodically in reference to a base lending rate. The Fund intends to invest in corporate debt instruments that are rated less than BBB (below traditional investment grade credit ratings).

Portfolio Manager(s)

Name Start Date
Steve Locke 12-09-2020
I.G. Investment Management, Ltd. 12-09-2020
Konstantin Boehmer 08-30-2022

Management and Organization

Fund Manager I.G. Investment Management, Ltd.
Advisor I.G. Investment Management, Ltd.
Custodian Canadian Imperial Bank of Commerce
Registrar I.G. Investment Management, Ltd.
Distributor Investors Group 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 15,000
SWP Min Withdrawal 100

Fees

MER 1.98%
Management Fee 1.60%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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