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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
NAVPS (06-15-2026) |
$8.78 |
|---|---|
| Change |
$0.02
(0.22%)
|
As at May 31, 2026
As at March 31, 2026
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Inception Return (June 11, 2020): 4.91%
| 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 | 2.42% | 5.23% | 8.73% | 8.73% | 19.33% | 12.64% | 11.60% | 5.67% | 4.26% | - | - | - | - | - |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 0.77% | 0.87% | 2.20% | 2.09% | 6.05% | 6.39% | 6.71% | 5.55% | 3.70% | 5.05% | 4.34% | - | - | - |
| Category Rank | 8 / 150 | 8 / 150 | 8 / 146 | 8 / 146 | 7 / 134 | 7 / 119 | 8 / 106 | 43 / 91 | 27 / 67 | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | - | - | - | - | - |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.94% | 1.84% | 1.45% | 2.11% | 0.75% | 1.28% | 0.00% | 1.26% | 2.04% | 0.19% | 2.55% | 2.42% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
7.52% (November 2020)
-9.21% (September 2022)
| 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 | - | - | - | - | - | 9/ 64 | 85/ 85 | 99/ 105 | 13/ 110 | 23/ 132 |
13.85% (2024)
-17.34% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 46.92 |
| US Equity | 32.71 |
| Canadian Equity | 20.61 |
| International Equity | 1.14 |
| Income Trust Units | 0.89 |
| Name | Percent |
|---|---|
| Fixed Income | 47.94 |
| Energy | 12.14 |
| Financial Services | 9.74 |
| Technology | 9.36 |
| Healthcare | 4.15 |
| Other | 16.67 |
| Name | Percent |
|---|---|
| North America | 89.85 |
| Europe | 1.26 |
| Latin America | 0.88 |
| Asia | 0.43 |
| Africa and Middle East | 0.02 |
| Other | 7.56 |
| Name | Percent |
|---|---|
| SPDR S&P 500 ETF Trust (SPY) | 19.75 |
| Mackenzie Floating Rate Income ETF (MFT) | 8.21 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.83 |
| Bank of Nova Scotia | 1.61 |
| Enbridge Inc | 1.31 |
| Whitecap Resources Inc | 1.29 |
| TC Energy Corp | 1.28 |
| Telus Corp | 1.09 |
| Canadian Utilities Ltd Cl A | 0.98 |
| Canadian Natural Resources Ltd | 0.96 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 5.60% | 9.60% | - |
|---|---|---|---|
| Beta | 0.51 | 0.95 | - |
| Alpha | 0.09 | 0.04 | - |
| Rsquared | 0.23% | 0.34% | - |
| Sharpe | 1.36 | 0.18 | - |
| Sortino | 2.34 | 0.22 | - |
| Treynor | 0.15 | 0.02 | - |
| Tax Efficiency | 81.69% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.87% | 5.60% | 9.60% | - |
| Beta | 0.47 | 0.51 | 0.95 | - |
| Alpha | 0.16 | 0.09 | 0.04 | - |
| Rsquared | 0.44% | 0.23% | 0.34% | - |
| Sharpe | 5.39 | 1.36 | 0.18 | - |
| Sortino | 57.80 | 2.34 | 0.22 | - |
| Treynor | 0.33 | 0.15 | 0.02 | - |
| Tax Efficiency | 90.18% | 81.69% | - | - |
| 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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