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Multi-Sector Fixed Income

NAVPS
(04-12-2024)
$8.09
Change
$0.01 (0.17%)

As at March 31, 2024

As at August 31, 2023

Period
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Legend

Mackenzie USD Unconstrained Fixed Income Fund Series A

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Fund Returns

Inception Return (May 20, 2015): 0.53%

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 0.77% 0.00% -0.75% 0.42% 3.85% 0.92% -0.57% -0.04% 0.59% 0.55% 0.62% 0.73% - -
Benchmark 0.90% -1.04% 7.21% -1.04% 3.76% -1.91% -3.46% -0.34% -0.03% 0.13% 1.03% 1.11% 1.33% 0.99%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.04% -1.28% 0.73% 0.25% -0.86% -1.21% -0.75% 3.38% 3.21% 0.00% -0.35% 0.77%
Benchmark 0.84% -1.81% 0.66% 0.83% -1.04% -2.68% -1.25% 5.27% 4.22% -0.85% -1.08% 0.90%

Best Monthly Return Since Inception

3.38% (November 2023)

Worst Monthly Return Since Inception

-2.39% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 2.23% 2.80% -2.68% 4.94% 6.02% -1.91% -8.69% 5.77%
Benchmark 1.83% -3.16% 4.92% 8.35% -2.30% 9.55% 9.27% -3.49% -16.35% 8.15%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

6.02% (2020)

Worst Calendar Return (Last 10 years)

-8.69% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 35.95
Canadian Corporate Bonds 24.25
Foreign Government Bonds 16.18
Cash and Equivalents 16.12
Canadian Government Bonds 2.95
Other 4.55

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 81.84
Cash and Cash Equivalent 16.12
Utilities 0.58
Consumer Goods 0.55
Financial Services 0.28
Other 0.63

Geographic Allocation

Geographic Allocation
Name Percent
North America 88.34
Latin America 4.99
Asia 2.76
Africa and Middle East 1.94
Europe 1.85
Other 0.12

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 13.10
Mackenzie Canadian All Corporate Bond Ix ETF (QCB) 3.00
Mackenzie Emerging Markets Lo Cu Bon Ix ETF (QEBL) 2.33
Northleaf Private Credit II LP MI 15 2.25
Mackenzie Canadian Short-Term Bond Index ETF (QSB) 1.78
United States Treasury 0.13% 15-Feb-2052 1.77
South Africa Government 8.88% 28-Feb-2035 1.49
Microsoft Corp 2.53% 01-Jun-2050 1.24
Brazil Government 10.00% 01-Jan-2027 1.14
Enbridge Inc 5.38% 27-Sep-2077 1.08

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Mackenzie USD Unconstrained Fixed Income Fund Series A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.20% 4.44% -
Beta 0.48% 0.42% -
Alpha 0.00% 0.01% -
Rsquared 0.41% 0.35% -
Sharpe -0.59% -0.28% -
Sortino -0.91% -0.71% -
Treynor -0.06% -0.03% -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 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 5.34% 5.20% 4.44% -
Beta 0.49% 0.48% 0.42% -
Alpha 0.02% 0.00% 0.01% -
Rsquared 0.27% 0.41% 0.35% -
Sharpe -0.15% -0.59% -0.28% -
Sortino 0.34% -0.91% -0.71% -
Treynor -0.02% -0.06% -0.03% -
Tax Efficiency 57.15% - - -

Fund Details

Start Date May 20, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Monthly
Assets ($mil) $17

Fund Codes

FundServ Code Load Code Sales Status
MFC4841

Investment Objectives

The Fund aims to provide a positive total return over a market cycle in U.S. dollars, regardless of market conditions, by investing primarily in fixed-income securities of issuers anywhere in the world and derivative instruments.

Investment Strategy

The Fund’s investments may include investment-grade bonds; lower quality fixed-income investments, which may include instruments that have a weighted average credit quality below investment grade (rated below “BBB-” by a recognized credit rating organization) or that are unrated; mortgage- and asset-backed securities; preferred shares; floating-rate debt instruments and other floating securities.

Portfolio Manager(s)

Name Start Date
Konstantin Boehmer 05-20-2015
Felix Wong 05-20-2015

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor -
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 0

Fees

MER 1.73%
Management Fee 1.10%
Load Back Fee Only
FE Max -
DSC Max 0.00%
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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