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Mackenzie Unconstrained Fixed Income Fund Series LB

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Multi-Sector Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024) 		$8.89
Change
$0.01 (0.14%)

As at November 30, 2024

As at September 30, 2024

Period
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Legend

Mackenzie Unconstrained Fixed Income Fund Series LB

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Fund Returns

Inception Return (December 09, 2019): 1.37%

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 0.76% 1.48% 4.98% 5.29% 8.24% 5.66% 1.12% 0.52% - - - - - -
Benchmark 0.96% 3.30% 7.79% 9.02% 10.50% 7.28% 0.55% -0.44% 0.89% 2.29% 1.95% 2.15% 2.52% 3.45%
Category Average 1.02% 1.01% 4.55% 4.77% 8.00% - - - - - - - - -
Category Rank 289 / 310 120 / 297 126 / 295 157 / 293 163 / 293 156 / 284 118 / 276 148 / 266 - - - - - -
Quartile Ranking 4 2 2 3 3 3 2 3 - - - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.80% 0.09% -0.25% 0.73% -1.62% 1.36% 0.76% 1.77% 0.88% 1.24% -0.52% 0.76%
Benchmark 1.36% 0.46% 0.43% 0.67% -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33% 0.96%

Best Monthly Return Since Inception

3.07% (January 2023)

Worst Monthly Return Since Inception

-3.32% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 4.90% -1.49% -7.85% 6.05%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - - - - - 3 4 2 3
Category Rank - - - - - - 153/ 248 220/ 266 95/ 276 182/ 284

Best Calendar Return (Last 10 years)

6.05% (2023)

Worst Calendar Return (Last 10 years)

-7.85% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 36.89
Canadian Corporate Bonds 22.65
Foreign Government Bonds 18.09
Cash and Equivalents 15.38
Foreign Bonds - Other 1.84
Other 5.15

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 82.25
Cash and Cash Equivalent 15.38
Mutual Fund 0.53
Utilities 0.53
Consumer Goods 0.52
Other 0.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.99
Europe 6.17
Latin America 2.31
Africa and Middle East 1.85
Asia 1.54
Other 0.14

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 10.60
United Kingdom Government 0.88% 31-Jul-2033 2.49
Mackenzie Canadian All Corporate Bond Ix ETF (QCB) 2.32
Germany Government 2.10% 12-Apr-2029 1.99
United States Treasury 3.50% 15-Feb-2033 1.91
Northleaf Private Credit II LP MI 15 1.61
Mackenzie High Quality Floating Rate Fund Series R 1.46
South Africa Government 8.88% 28-Feb-2035 1.41
New Zealand Government 4.25% 15-May-2034 1.35
United States Treasury 0.13% 15-Feb-2052 1.14

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Mackenzie Unconstrained Fixed Income Fund Series LB

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 4.94% - -
Beta 0.58% - -
Alpha 0.01% - -
Rsquared 0.60% - -
Sharpe -0.47% - -
Sortino -0.50% - -
Treynor -0.04% - -
Tax Efficiency - - -
Volatility 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 3.97% 4.94% - -
Beta 0.66% 0.58% - -
Alpha 0.01% 0.01% - -
Rsquared 0.41% 0.60% - -
Sharpe 0.88% -0.47% - -
Sortino 2.41% -0.50% - -
Treynor 0.05% -0.04% - -
Tax Efficiency 80.10% - - -

Fund Details

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) $3,172

Fund Codes

FundServ Code Load Code Sales Status
MFC8044

Investment Objectives

The Fund aims to provide a positive total return over a market cycle, regardless of market conditions, by investing primarily in fixedincome securities of issuers anywhere in the world and derivative instruments. Any change to the investment objectives must be approved by a majority of votes cast at a meeting of securityholders held for that reason.

Investment Strategy

The Fund’s investments may include investment-grade bonds; lower quality fixed-income investments, which may include instruments that have a weighted average credit quality below investment grade (rated below “BBB-” by a recognized credit rating organization) or that are unrated; mortgage- and asset-backed securities; preferred shares; floating-rate debt instruments and other floating securities.

Portfolio Manager(s)

Name Start Date
Dan Cooper 12-09-2019
Konstantin Boehmer 12-09-2019
Movin Mokbel 12-09-2019
Steve Locke 12-09-2019

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.46%
Management Fee 1.10%
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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