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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
NAVPS (12-12-2025) |
$8.29 |
|---|---|
| Change |
$0.00
(-0.03%)
|
As at November 30, 2025
As at September 30, 2025
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Inception Return (June 11, 2020): 3.77%
| 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 | 1.28% | 4.19% | 9.75% | 7.08% | 7.78% | 11.30% | 6.90% | 1.93% | 3.48% | - | - | - | - | - |
| Benchmark | 0.26% | 2.84% | 2.50% | 3.81% | 3.28% | 5.72% | 4.33% | 0.82% | -0.13% | 1.09% | 2.21% | 1.89% | 1.95% | 2.09% |
| Category Average | 0.28% | 1.45% | 3.76% | 5.27% | 5.49% | 7.68% | 6.84% | 4.16% | 4.06% | 4.45% | - | - | - | - |
| Category Rank | 7 / 145 | 9 / 140 | 7 / 133 | 21 / 130 | 13 / 129 | 15 / 109 | 43 / 98 | 80 / 85 | 44 / 64 | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 3 | - | - | - | - | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.66% | 1.67% | -0.01% | -3.05% | -3.69% | 2.79% | 1.94% | 1.84% | 1.45% | 2.11% | 0.75% | 1.28% |
| Benchmark | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% |
7.52% (November 2020)
-9.21% (September 2022)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 11.52% | -17.34% | 3.95% | 13.85% |
| Benchmark | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% |
| Category Average | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 4 | 4 | 1 |
| Category Rank | - | - | - | - | - | - | 9/ 64 | 85/ 85 | 97/ 103 | 12/ 109 |
13.85% (2024)
-17.34% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 42.39 |
| US Equity | 32.46 |
| Canadian Equity | 20.59 |
| Cash and Equivalents | 1.80 |
| International Equity | 0.93 |
| Other | 1.83 |
| Name | Percent |
|---|---|
| Fixed Income | 43.81 |
| Energy | 10.25 |
| Technology | 10.05 |
| Financial Services | 9.81 |
| Consumer Goods | 4.70 |
| Other | 21.38 |
| Name | Percent |
|---|---|
| North America | 90.76 |
| Europe | 1.50 |
| Latin America | 0.42 |
| Asia | 0.14 |
| Africa and Middle East | 0.02 |
| Other | 7.16 |
| Name | Percent |
|---|---|
| SPDR S&P 500 ETF Trust (SPY) | 20.33 |
| Mackenzie Floating Rate Income ETF (MFT) | 8.65 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.97 |
| Bank of Nova Scotia | 1.52 |
| Enbridge Inc | 1.40 |
| Telus Corp | 1.35 |
| Magna International Inc | 1.02 |
| Capital Power Corp | 0.96 |
| Whitecap Resources Inc | 0.88 |
| United Parcel Service Inc Cl B | 0.86 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 7.78% | 9.52% | - |
|---|---|---|---|
| Beta | 0.75% | 0.88% | - |
| Alpha | 0.04% | 0.04% | - |
| Rsquared | 0.28% | 0.30% | - |
| Sharpe | 0.39% | 0.12% | - |
| Sortino | 0.77% | 0.12% | - |
| Treynor | 0.04% | 0.01% | - |
| Tax Efficiency | 68.44% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.99% | 7.78% | 9.52% | - |
| Beta | 1.01% | 0.75% | 0.88% | - |
| Alpha | 0.04% | 0.04% | 0.04% | - |
| Rsquared | 0.17% | 0.28% | 0.30% | - |
| Sharpe | 0.72% | 0.39% | 0.12% | - |
| Sortino | 0.92% | 0.77% | 0.12% | - |
| Treynor | 0.05% | 0.04% | 0.01% | - |
| Tax Efficiency | 72.91% | 68.44% | - | - |
| Start Date | June 11, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $438 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC8094 |
The Fund seeks to provide a high level of current income and the potential for long-term capital appreciation primarily through long and/or short positions in fixed-income securities and equity securities of issuers anywhere in the world. The Fund may engage in physical short sales and borrowing and/or use derivatives for hedging and investment purposes.
To achieve its investment objectives, the Fund will pursue a flexible approach to gaining long and/or short exposure to yield-oriented (i) fixed income securities, including lower-rated debt securities; and (ii) equity securities. The Fund will typically invest in both traditional and non-traditional securities which have historically generated a significant portion of their total return from income.
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
IPC Investment Corporation IPC Securities Corporation Quadrus Investment Services Limited |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.62% |
|---|---|
| Management Fee | 1.85% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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