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Floating Rate Loan
Click for more information on Fundata’s FundGrade.
NAVPS (07-25-2024) |
$8.45 |
---|---|
Change |
-$0.01
(-0.08%)
|
As at June 30, 2024
As at April 30, 2024
Inception Return (December 09, 2019): 2.30%
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 | 0.38% | 1.71% | 4.32% | 4.32% | 9.20% | 6.89% | 2.90% | 4.57% | - | - | - | - | - | - |
Benchmark | -0.30% | 2.13% | 5.33% | 5.33% | 13.25% | 16.55% | 6.25% | 6.37% | 4.73% | 4.21% | 3.99% | 4.77% | 4.74% | 4.59% |
Category Average | 0.27% | 3.15% | 3.15% | 3.15% | 8.13% | 7.37% | 3.21% | 4.80% | 2.76% | 2.82% | 2.96% | 3.44% | 2.95% | 3.11% |
Category Rank | 46 / 78 | 44 / 78 | 43 / 78 | 43 / 78 | 53 / 77 | 60 / 77 | 60 / 76 | 59 / 76 | - | - | - | - | - | - |
Quartile Ranking | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | - | - | - | - | - | - |
Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.87% | 0.92% | 0.63% | -0.23% | 1.05% | 1.36% | 1.11% | 0.80% | 0.64% | 0.38% | 0.94% | 0.38% |
Benchmark | 1.38% | 2.55% | -1.17% | 2.29% | 2.51% | -0.20% | 1.33% | 1.50% | 0.28% | 0.84% | 1.58% | -0.30% |
2.96% (January 2023)
-12.97% (March 2020)
Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Fund | - | - | - | - | - | - | -1.57% | 3.77% | -6.02% | 10.04% |
Benchmark | 1.85% | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% |
Category Average | 3.44% | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% |
Quartile Ranking | - | - | - | - | - | - | 4 | 3 | 4 | 3 |
Category Rank | - | - | - | - | - | - | 72/ 76 | 50/ 76 | 70/ 76 | 45/ 77 |
10.04% (2023)
-6.02% (2022)
Name | Percent |
---|---|
Foreign Corporate Bonds | 92.44 |
Canadian Government Bonds | 2.02 |
Foreign Bonds - Other | 1.44 |
Cash and Equivalents | 1.37 |
Canadian Corporate Bonds | 0.94 |
Other | 1.79 |
Name | Percent |
---|---|
Fixed Income | 97.40 |
Cash and Cash Equivalent | 1.37 |
Industrial Goods | 0.36 |
Consumer Goods | 0.27 |
Utilities | 0.17 |
Other | 0.43 |
Name | Percent |
---|---|
North America | 95.10 |
Europe | 4.80 |
Multi-National | 0.05 |
Latin America | 0.02 |
Other | 0.03 |
Name | Percent |
---|---|
Canada Housing Trust No 1 4.79% 15-Sep-2026 | 2.02 |
Hunter Douglas Inc. Term Loan B 1st Lien F/R 25-Feb-2029 | 1.60 |
Cash and Cash Equivalents | 1.47 |
Restaurant Brands Term Loan 1st Lien Sr F/R 12-Sep-2030 | 1.34 |
Timber Servicios Empresariales SA Term Loan B 1st Lien F/R | 1.29 |
Jadex Inc. Term Loan 1st Lien F/R | 1.25 |
OpenMarket Inc. Term Loan 1st Lien 17-Sep-2026 | 1.18 |
Northleaf Private Credit II LP MI 15 | 1.18 |
KP Germany Erste GmbH Term Loan B 1st Lien F/R 04-Feb-2026 | 1.07 |
Upfield USA Corp. Term Loan B 1st Lien Sr F/R 02-Jan-2028 | 1.04 |
Mackenzie Floating Rate Income Fund Series LB
Median
Other - Floating Rate Loan
Standard Deviation | 3.64% | - | - |
---|---|---|---|
Beta | 0.22% | - | - |
Alpha | 0.02% | - | - |
Rsquared | 0.20% | - | - |
Sharpe | -0.02% | - | - |
Sortino | -0.03% | - | - |
Treynor | 0.00% | - | - |
Tax Efficiency | 6.62% | - | - |
Volatility |
|
- | - |
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 1.45% | 3.64% | - | - |
Beta | -0.01% | 0.22% | - | - |
Alpha | 0.09% | 0.02% | - | - |
Rsquared | 0.00% | 0.20% | - | - |
Sharpe | 2.75% | -0.02% | - | - |
Sortino | - | -0.03% | - | - |
Treynor | -5.73% | 0.00% | - | - |
Tax Efficiency | 59.73% | 6.62% | - | - |
Start Date | December 09, 2019 |
---|---|
Instrument Type | Mutual Fund |
Share Class | Commission Based Advice |
Legal Status | Trust |
Sales Status | Open |
Currency | CAD |
Distribution Frequency | Monthly |
Assets ($mil) | $478 |
FundServ Code | Load Code | Sales Status |
---|---|---|
MFC8047 |
The Fund seeks to generate current income. The Fund invests primarily in floating rate debt obligations and other floating rate debt instruments of issuers located anywhere in the world. Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.
The Fund may invest in floating rate debt instruments of issuers rated below investment grade, which are those with a credit rating of below “BBB-” as rated by a recognized credit rating organization. These instruments may include senior loans which have seniority in a company’s structure with the loans generally secured against the issuing company’s assets or other collateral.
Name | Start Date |
---|---|
Felix Wong | 12-09-2019 |
Steve Locke | 12-09-2019 |
Dan Cooper | 12-09-2019 |
Movin Mokbel | 12-09-2019 |
Fund Manager | Mackenzie Financial Corporation |
---|---|
Advisor | Mackenzie Financial Corporation |
Custodian | Canadian Imperial Bank of Commerce |
Registrar | Mackenzie Financial Corporation |
Distributor | LBC Financial Services Inc. |
Auditor | Deloitte LLP |
RSP Eligible | Yes |
---|---|
PAC Allowed | Yes |
PAC Initial Investment | 50 |
PAC Subsequent | 50 |
SWP Allowed | Yes |
SWP Min Balance | - |
SWP Min Withdrawal | - |
MER | 1.69% |
---|---|
Management Fee | 1.25% |
Load | No Load |
FE Max | - |
DSC Max | - |
Trailer Fee Max (FE) | - |
Trailer Fee Max (DSC) | - |
Trailer Fee Max (NL) | 0.50% |
Trailer Fee Max (LL) | - |
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