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Mackenzie Diversified Alternatives Fund Series A

Misc - Inc&Real Property

NAVPS
(07-19-2024)
$10.37
Change
-$0.08 (-0.74%)

As at June 30, 2024

As at April 30, 2024

Period
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Mackenzie Diversified Alternatives Fund Series A

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Fund Returns

Inception Return (October 26, 2015): 2.25%

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 0.09% 0.46% 3.78% 3.78% 5.67% 2.42% 0.14% 2.78% 0.78% 0.91% 1.27% 2.07% - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average -0.05% 1.72% 1.72% 1.72% 2.88% 3.14% 2.76% 4.56% 3.55% 3.56% 3.64% 3.54% 3.19% 3.31%
Category Rank 39 / 85 43 / 84 57 / 84 57 / 84 68 / 84 74 / 84 79 / 83 72 / 78 75 / 77 63 / 64 62 / 63 49 / 56 - -
Quartile Ranking 2 3 3 3 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 1.47% -0.64% -1.45% -0.62% 2.10% 1.00% 0.14% 1.31% 1.82% -0.58% 0.96% 0.09%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

4.64% (April 2020)

Worst Monthly Return Since Inception

-12.13% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 6.33% 5.83% -2.94% 7.41% -1.37% 7.29% -7.08% 0.41%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 5.16% 2.24% 1.46% 4.39% 0.91% 7.57% 1.50% 10.36% -0.98% 2.53%
Quartile Ranking - - 2 3 3 3 3 4 4 4
Category Rank - - 21/ 48 33/ 57 43/ 64 54/ 72 51/ 77 69/ 83 64/ 83 74/ 84

Best Calendar Return (Last 10 years)

7.41% (2019)

Worst Calendar Return (Last 10 years)

-7.08% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 27.00
Cash and Equivalents 14.54
International Equity 13.12
Foreign Corporate Bonds 12.72
US Equity 9.39
Other 23.23

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 48.82
Cash and Cash Equivalent 14.55
Mutual Fund 6.92
Energy 4.86
Technology 3.75
Other 21.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 57.70
Asia 10.96
Latin America 7.03
Europe 5.58
Africa and Middle East 5.51
Other 13.22

Top Holdings

Top Holdings
Name Percent
iShares JPMorgan USD EM Bond ETF (EMB) 14.85
Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP) 9.93
Mackenzie Emerging Markets Fund Series A 8.54
Cortland Credit Strategies L.P. 7.49
Mackenzie Global Resource Fund Series A 6.85
Mackenzie Global Macro Fund Series A 5.11
Mackenzie Floating Rate Income ETF (MFT) 4.84
Picton Mahoney Fortified Market Neutral Alt Fd A 4.75
Cash and Cash Equivalents 4.71
Mackenzie US Quantitative Small Cap Fund Series R 4.28

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Mackenzie Diversified Alternatives Fund Series A

Median

Other - Misc - Inc&Real Property

3 Yr Annualized

Standard Deviation 6.99% 8.65% -
Beta 0.47% 0.51% -
Alpha -0.03% -0.04% -
Rsquared 0.80% 0.83% -
Sharpe -0.38% -0.11% -
Sortino -0.46% -0.25% -
Treynor -0.06% -0.02% -
Tax Efficiency - 23.32% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.93% 6.99% 8.65% -
Beta 0.32% 0.47% 0.51% -
Alpha 0.02% -0.03% -0.04% -
Rsquared 0.88% 0.80% 0.83% -
Sharpe 0.19% -0.38% -0.11% -
Sortino 1.15% -0.46% -0.25% -
Treynor 0.02% -0.06% -0.02% -
Tax Efficiency 85.23% - 23.32% -

Fund Details

Start Date October 26, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $147

Fund Codes

FundServ Code Load Code Sales Status
MFC4855
MFC4856
MFC4857
MFC7251

Investment Objectives

The Fund seeks to provide long-term capital appreciation and the potential for income by investing directly or indirectly, including through the use of derivatives, in a diversified portfolio of alternative asset classes, including real estate, infrastructure, currencies, non-traditional equity and fixed-income, and/or other asset classes of issuers located anywhere in the world.

Investment Strategy

The portfolio manager uses proprietary quantitative models to allocate across alternative asset classes, which may also include the following: micro-cap equities, event-driven debt, real-return bonds, asset-backed securities, loan syndicates, commodities, high-yield debt and emerging-markets equities. The Fund may invest directly in foreign currencies or may gain exposure to foreign currencies through derivatives use.

Portfolio Manager(s)

Name Start Date
Matthew Cardillo 10-26-2015

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 100

Fees

MER 2.48%
Management Fee 1.85%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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