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Alternative Credit Focus
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|
NAVPS (04-03-2025) |
$7.80 |
|---|---|
| Change |
-$0.29
(-3.58%)
|
As at February 28, 2025
As at December 31, 2024
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Inception Return (June 11, 2020): 3.24%
| 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 | -0.01% | 2.32% | 8.74% | 1.66% | 12.79% | 7.60% | 1.22% | 2.55% | - | - | - | - | - | - |
| Benchmark | 1.14% | 1.75% | 4.04% | 2.28% | 8.37% | 5.98% | 1.44% | 0.48% | 0.36% | 1.85% | 2.11% | 1.97% | 1.94% | 1.72% |
| Category Average | 0.55% | 1.42% | 3.80% | 1.21% | 8.09% | 7.22% | 4.56% | 3.40% | 4.32% | - | - | - | - | - |
| Category Rank | 131 / 135 | 16 / 134 | 9 / 123 | 32 / 135 | 14 / 113 | 41 / 108 | 86 / 93 | 49 / 67 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 1 | 1 | 1 | 1 | 2 | 4 | 3 | - | - | - | - | - | - |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.57% | -1.05% | 1.30% | 0.61% | 1.87% | -0.60% | 1.46% | 1.49% | 3.21% | 0.66% | 1.67% | -0.01% |
| Benchmark | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% |
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/ 67 | 90/ 90 | 102/ 108 | 12/ 113 |
13.85% (2024)
-17.34% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 47.39 |
| US Equity | 40.59 |
| Canadian Equity | 11.60 |
| Foreign Government Bonds | 3.17 |
| Foreign Bonds - Other | 2.06 |
| Other | -4.81 |
| Name | Percent |
|---|---|
| Fixed Income | 52.95 |
| Financial Services | 22.85 |
| Technology | 10.16 |
| Energy | 6.17 |
| Consumer Services | 2.80 |
| Other | 5.07 |
| Name | Percent |
|---|---|
| North America | 54.56 |
| Europe | 1.99 |
| Asia | 1.37 |
| Latin America | 0.56 |
| Africa and Middle East | 0.24 |
| Other | 41.28 |
| Name | Percent |
|---|---|
| Mackenzie Floating Rate Income ETF (MFT) | 51.34 |
| SPDR S&P 500 ETF Trust (SPY) | 26.12 |
| Diversified Royalty Corp | 6.34 |
| Hercules Capital Inc | 5.84 |
| Enbridge Inc | 4.33 |
| SPDR Bloomberg Emerging Markets Lcl Bnd ETF (EBND) | 2.80 |
| SLR Investment Corp | 2.01 |
| Ares Capital Corp | 1.60 |
| Oaktree Specialty Lending Corp | 1.17 |
| Phillips 66 | 1.00 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 11.15% | - | - |
|---|---|---|---|
| Beta | 0.95% | - | - |
| Alpha | 0.00% | - | - |
| Rsquared | 0.34% | - | - |
| Sharpe | -0.18% | - | - |
| Sortino | -0.13% | - | - |
| Treynor | -0.02% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.04% | 11.15% | - | - |
| Beta | 0.34% | 0.95% | - | - |
| Alpha | 0.09% | 0.00% | - | - |
| Rsquared | 0.17% | 0.34% | - | - |
| Sharpe | 2.00% | -0.18% | - | - |
| Sortino | 5.83% | -0.13% | - | - |
| Treynor | 0.24% | -0.02% | - | - |
| Tax Efficiency | 78.24% | - | - | - |
| 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) | $16 |
| 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 | 2.35% |
|---|---|
| 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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