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Mackenzie Alternative Enhanced Yield Fund Series A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-14-2026) |
$8.74 |
|---|---|
| Change |
-$0.01
(-0.16%)
|
As at September 30, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (June 11, 2020): 5.00%
| 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 | -0.82% | 1.41% | 7.29% | 11.06% | 13.33% | 11.98% | 12.02% | 9.82% | 3.82% | 5.61% | - | - | - | - |
| Benchmark | -1.18% | -3.03% | -1.17% | -0.88% | -1.22% | 0.70% | 4.57% | 2.98% | 0.24% | -0.47% | 0.59% | 1.71% | 1.72% | 1.20% |
| Category Average | -1.06% | -0.83% | 0.90% | 1.40% | 2.13% | 4.13% | 6.32% | 5.99% | 3.55% | 4.08% | 4.09% | - | - | - |
| Category Rank | 79 / 162 | 12 / 158 | 7 / 150 | 7 / 146 | 8 / 145 | 7 / 123 | 8 / 107 | 7 / 90 | 33 / 85 | 15 / 61 | - | - | - | - |
| Quartile Ranking | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | - | - | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.75% | 1.28% | 0.00% | 1.26% | 2.04% | 0.19% | 2.55% | 2.42% | 0.73% | 1.14% | 1.10% | -0.82% |
| Benchmark | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% | -0.27% | -1.18% |
Best Monthly Return Since Inception
7.52% (November 2020)
Worst Monthly Return Since Inception
-9.21% (September 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 11.52% | -17.34% | 3.95% | 13.85% | 7.08% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | 1 | 4 | 4 | 1 | 1 |
| Category Rank | - | - | - | - | - | 10/ 64 | 85/ 85 | 97/ 103 | 13/ 108 | 24/ 133 |
Best Calendar Return (Last 10 years)
13.85% (2024)
Worst Calendar Return (Last 10 years)
-17.34% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 48.36 |
| US Equity | 33.86 |
| Canadian Equity | 19.83 |
| International Equity | 1.21 |
| Income Trust Units | 0.78 |
| Other | -4.04 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 49.44 |
| Energy | 12.93 |
| Technology | 11.14 |
| Financial Services | 9.38 |
| Healthcare | 3.55 |
| Other | 13.56 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 89.74 |
| Europe | 1.32 |
| Latin America | 0.77 |
| Asia | 0.40 |
| Africa and Middle East | 0.02 |
| Other | 7.75 |
Top Holdings
| Name | Percent |
|---|---|
| SPDR S&P 500 ETF Trust (SPY) | 19.87 |
| Mackenzie Floating Rate Income ETF (MFT) | 8.31 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.84 |
| Bank of Nova Scotia | 1.70 |
| Whitecap Resources Inc | 1.37 |
| Enbridge Inc | 1.33 |
| TC Energy Corp | 1.21 |
| Nike Inc Cl B | 1.13 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 1.07 |
| UnitedHealth Group Inc | 0.98 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 5.40% | 9.50% | - |
|---|---|---|---|
| Beta | 0.47 | 0.91 | - |
| Alpha | 0.09 | 0.04 | - |
| Rsquared | 0.20% | 0.32% | - |
| Sharpe | 1.53 | 0.12 | - |
| Sortino | 2.56 | 0.16 | - |
| Treynor | 0.17 | 0.01 | - |
| Tax Efficiency | 82.36% | 30.43% | - |
| Volatility |
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.42% | 5.40% | 9.50% | - |
| Beta | 0.55 | 0.47 | 0.91 | - |
| Alpha | 0.13 | 0.09 | 0.04 | - |
| Rsquared | 0.45% | 0.20% | 0.32% | - |
| Sharpe | 3.04 | 1.53 | 0.12 | - |
| Sortino | 8.79 | 2.56 | 0.16 | - |
| Treynor | 0.19 | 0.17 | 0.01 | - |
| Tax Efficiency | 86.78% | 82.36% | 30.43% | - |
Fund Details
| 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) | $430 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC8094 | ISC | Open |
Investment Objectives
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.
Investment Strategy
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 Management
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| 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 |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.63% |
|---|---|
| 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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