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Mackenzie USD Ultra Short Duration Income Fund Series A

Misc - Inc&Real Property

NAVPS
(07-24-2025)
$9.31
Change
$0.00 (0.00%)

As at June 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2016Sep 2016May 2017Jan 2018Sep 2018May 2019Jan 2020Sep 2020May 2021Jan 2022Sep 2022May 2023Jan 2024Sep 2024May 2025Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jan 2016Jul 2017Jan 2019Jul 2020Jan 2022Jul 2023Jan 2025$10,000$11,000$9,500$10,500$11,500$12,000$9,800$10,200$10,400$10,600$10,800$11,200Period

Legend

Mackenzie USD Ultra Short Duration Income Fund Series A

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Fund Returns

Inception Return (May 20, 2015): 1.41%

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 0.35% 0.92% 1.67% 1.67% 4.00% 4.12% 3.51% 2.14% 1.59% 1.51% 1.62% 1.58% 1.55% 1.47%
Benchmark 3.78% 14.36% 16.19% 16.19% 26.77% 17.26% 13.90% 8.12% 15.00% 11.18% 10.21% 10.03% 10.09% 8.65%
Category Average 0.57% 0.49% 1.15% 1.15% 3.84% 3.35% 3.36% 3.03% 4.41% 3.59% 3.60% 3.66% 3.57% 3.26%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-8%-6%-4%-2%0%2%4%6%8%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.51% 0.48% 0.44% 0.22% 0.30% 0.31% 0.32% 0.24% 0.19% 0.31% 0.26% 0.35%
Benchmark 4.94% 3.61% 3.05% -2.13% 5.66% -5.82% 2.80% -0.09% -1.08% 3.98% 5.97% 3.78%

Best Monthly Return Since Inception

0.76% (April 2020)

Worst Monthly Return Since Inception

-1.18% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-30%-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - 0.92% 1.52% 1.09% 2.60% 0.10% -0.97% -0.79% 4.14% 4.21%
Benchmark -23.03% 24.77% 16.79% -16.21% 29.06% 7.72% 25.62% -11.86% 14.44% 11.82%
Category Average 2.24% 1.46% 4.39% 0.91% 7.57% 1.50% 10.36% -0.98% 2.53% 4.40%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

4.21% (2024)

Worst Calendar Return (Last 10 years)

-0.97% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 76.78
US Equity 16.07
Foreign Corporate Bonds 6.37
Canadian Corporate Bonds 0.70
Canadian Equity 0.07
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 76.77
Financial Services 16.09
Fixed Income 7.08
Utilities 0.04
Telecommunications 0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.99
Latin America 0.01

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 3.82
Royal Bank of Canada 4.65% 27-Jan-2026 3.27
Caterpillar Financl Srvcs Corp 3.40% 13-May-2025 3.27
Volkswagen Grp Amrca Fnce LLC 3.35% 13-May-2025 3.27
Apple Inc 3.20% 13-May-2025 3.27
AbbVie Inc 3.60% 14-May-2025 3.27
Chevron Corp 1.55% 11-May-2025 3.27
Toronto-Dominion Bank 3.77% 06-Jun-2025 3.27
NextEra Energy Capital Hdg Inc 4.45% 20-Jun-2025 3.27
Morgan Stanley - Pfd 3.27

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return1234567891011121314151617-15%-10%-5%0%5%10%15%20%

Mackenzie USD Ultra Short Duration Income Fund Series A

Median

Other - Misc - Inc&Real Property

3 Yr Annualized

Standard Deviation 0.51% 0.81% 0.79%
Beta 0.02% 0.02% 0.03%
Alpha 0.03% 0.01% 0.01%
Rsquared 0.18% 0.07% 0.26%
Sharpe -1.05% -1.13% -0.34%
Sortino 1.31% -1.67% -1.79%
Treynor -0.31% -0.56% -0.09%
Tax Efficiency 66.35% 46.04% -
Volatility Volatility rating is 1 on a scale of 1 to 10 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 0.36% 0.51% 0.81% 0.79%
Beta 0.01% 0.02% 0.02% 0.03%
Alpha 0.04% 0.03% 0.01% 0.01%
Rsquared 0.14% 0.18% 0.07% 0.26%
Sharpe 1.59% -1.05% -1.13% -0.34%
Sortino 13.28% 1.31% -1.67% -1.79%
Treynor 0.45% -0.31% -0.56% -0.09%
Tax Efficiency 39.68% 66.35% 46.04% -

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) $20

Fund Codes

FundServ Code Load Code Sales Status
MFC4835
MFC4836

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 Management

Portfolio Manager

Mackenzie Financial Corporation

  • Felix Wong
Sub-Advisor

-

Management and Organization

Fund Manager

Mackenzie Financial Corporation

Custodian

Canadian Imperial Bank of Commerce

Registrar

Mackenzie Financial Corporation

Distributor

-

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 1.41%
Management Fee 1.05%
Load Front 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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