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Alternative Multi-Stratgy

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(04-11-2024)
$8.30
Change
-$0.02 (-0.19%)

As at March 31, 2024

Period
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Legend

Mackenzie Multi-Strategy Absolute Return Fund Series A

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Fund Returns

Inception Return (May 23, 2018): -2.66%

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 1.20% -0.71% 0.21% 1.59% 1.78% -0.16% -0.48% -2.69% -2.62% - - - - -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 1.90% 7.18% 7.18% 3.51% 6.95% 2.27% 2.40% 5.31% - - - - - -
Category Rank 60 / 105 78 / 103 77 / 100 78 / 103 71 / 91 51 / 71 57 / 61 51 / 51 43 / 43 - - - - -
Quartile Ranking 3 4 4 4 4 3 4 4 4 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -0.21% -1.80% -0.04% 1.28% -0.56% 0.13% 0.21% 0.67% 0.54% -0.71% 1.10% 1.20%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

2.35% (July 2020)

Worst Monthly Return Since Inception

-3.24% (June 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 1.67% -7.64% 0.05% -7.04% -0.46%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 4.04% 6.86% -5.49% 4.47%
Quartile Ranking - - - - - 3 4 4 3 4
Category Rank - - - - - 15/ 26 47/ 47 51/ 58 48/ 70 71/ 91

Best Calendar Return (Last 10 years)

1.67% (2019)

Worst Calendar Return (Last 10 years)

-7.64% (2020)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Mackenzie Multi-Strategy Absolute Return Fund Series A

Median

Other - Alternative Multi-Stratgy

3 Yr Annualized

Standard Deviation 4.03% 4.32% -
Beta 0.04% 0.04% -
Alpha -0.01% -0.03% -
Rsquared 0.02% 0.02% -
Sharpe -0.75% -1.04% -
Sortino -0.94% -1.34% -
Treynor -0.73% -1.23% -
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 3.11% 4.03% 4.32% -
Beta 0.15% 0.04% 0.04% -
Alpha 0.00% -0.01% -0.03% -
Rsquared 0.39% 0.02% 0.02% -
Sharpe -0.94% -0.75% -1.04% -
Sortino -0.48% -0.94% -1.34% -
Treynor -0.19% -0.73% -1.23% -
Tax Efficiency 100.00% - - -

Fund Details

Start Date May 23, 2018
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $58

Fund Codes

FundServ Code Load Code Sales Status
MFC5546

Investment Objectives

The Fund seeks to provide a positive total return over a market cycle, regardless of market conditions or general market direction, by employing one or more of the following alternative investment strategies: Credit Alternative Strategy, Global Macro, Long/Short Equity and/or Equity Market Neutral. These strategies will be used to gain exposure to a broad range of asset classes, including equities, fixed-income securities and/or convertible securities issued by companies anywhere in the world.

Investment Strategy

The Fund will be managed with a disciplined strategic asset allocation approach. The asset allocation portfolio manager employs a disciplined total portfolio management approach to constructing the Fund. The Fund is built upon long-term strategic allocations to each underlying strategy. The Fund has the flexibility to dynamically tilt the allocations according to the attractiveness of each of the underlying strategies.

Portfolio Manager(s)

Name Start Date
Richard B. Weed 05-23-2018
Steve Locke 05-23-2018
Felix Wong 02-20-2020
Matthew Cardillo 02-20-2020
Movin Mokbel 02-20-2020
Konstantin Boehmer 02-20-2020
Nelson Arruda 02-20-2020
Dan Cooper 02-20-2020
Michael Kapler 02-21-2020

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 and Touche 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 2.96%
Management Fee 2.10%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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