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Mackenzie USD Ultra Short Duration Income Fund Series A

Misc - Inc&Real Property

NAVPS
(04-18-2024)
$9.60
Change
$0.00 (0.01%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie USD Ultra Short Duration Income Fund Series A

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Fund Returns

Inception Return (May 20, 2015): 1.06%

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 0.37% 0.97% 2.27% 0.97% 4.13% 2.50% 1.17% 1.09% 1.00% 1.13% 1.14% 1.16% - -
Benchmark 4.30% 4.07% 15.01% 4.07% 13.82% -0.17% 6.42% 18.35% 9.65% 8.74% 8.19% 9.12% 6.98% 5.50%
Category Average 0.86% 3.15% 3.15% 1.60% 3.18% 1.34% 3.80% 5.39% 3.78% 3.82% 3.70% 3.70% 3.18% 3.43%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.31% 0.19% 0.30% 0.34% 0.38% 0.29% 0.37% 0.47% 0.43% 0.38% 0.22% 0.37%
Benchmark 2.56% -5.12% 6.19% 3.07% -3.95% -3.25% -5.66% 9.77% 6.71% -0.73% 0.52% 4.30%

Best Monthly Return Since Inception

0.76% (April 2020)

Worst Monthly Return Since Inception

-1.18% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 0.92% 1.52% 1.09% 2.60% 0.10% -0.97% -0.79% 4.14%
Benchmark 1.21% -23.03% 24.77% 16.79% -16.21% 29.06% 7.72% 25.62% -11.86% 14.44%
Category Average 5.16% 2.24% 1.46% 4.39% 0.91% 7.57% 1.50% 10.36% -0.98% 2.53%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

4.14% (2023)

Worst Calendar Return (Last 10 years)

-0.97% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 93.21
Canadian Equity 3.84
Foreign Corporate Bonds 2.10
Canadian Corporate Bonds 0.86
International Equity 0.01
Other -0.02

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 93.21
Financial Services 3.78
Fixed Income 2.94
Utilities 0.04
Telecommunications 0.02
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.94
Europe 0.05
Latin America 0.01

Top Holdings

Top Holdings
Name Percent
Toronto-Dominion Bank - Pfd 3.76
NVIDIA Corp 0.58% 25-Mar-2024 3.74
Air Lease Corp 0.70% 15-Feb-2024 3.72
American Honda Finance Corp 0.75% 09-Aug-2024 3.70
Bank of Nova Scotia 0.70% 15-Apr-2024 3.70
Canadian Imperial Bank Commrce 3.10% 02-Apr-2024 3.70
Toyota Motor Corp 0.68% 25-Mar-2024 3.70
Mitsubishi UFJ Fncl Group Inc 2.80% 18-Jul-2024 3.67
Exxon Mobil Corp 2.02% 16-Jul-2024 3.67
JPMorgan Chase & Co 3.88% 01-Feb-2024 3.65

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Mackenzie USD Ultra Short Duration Income Fund Series A

Median

Other - Misc - Inc&Real Property

3 Yr Annualized

Standard Deviation 0.87% 0.97% -
Beta 0.02% 0.03% -
Alpha 0.01% 0.01% -
Rsquared 0.12% 0.29% -
Sharpe -1.67% -0.96% -
Sortino -1.90% -1.85% -
Treynor -0.64% -0.28% -
Tax Efficiency 57.64% 45.40% -
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 0.28% 0.87% 0.97% -
Beta 0.01% 0.02% 0.03% -
Alpha 0.04% 0.01% 0.01% -
Rsquared 0.32% 0.12% 0.29% -
Sharpe -2.43% -1.67% -0.96% -
Sortino 15.15% -1.90% -1.85% -
Treynor -0.54% -0.64% -0.28% -
Tax Efficiency 85.37% 57.64% 45.40% -

Fund Details

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

Fund Codes

FundServ Code Load Code Sales Status
MFC4835
MFC4836
MFC7248

Investment Objectives

The Fund aims to generate income in U.S. dollars with an emphasis on capital preservation, by investing primarily in short-term high-quality corporate and government fixed-income securities issued in the U.S. These securities will generally have a duration of between zero and eighteen months.

Investment Strategy

The Fund may invest up to 10% of its assets in fixed-income securities of issuers rated below investment grade, as long as the overall weighted average credit quality of the Fund’s investments is “A” or higher, as rated by a recognized credit rating organization. The portfolio manager may vary the weighted average credit quality.

Portfolio Manager(s)

Name Start Date
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 1.34%
Management Fee 1.05%
Load Back Fee Only
FE Max -
DSC Max 5.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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