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Alternative Credit Focus
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|
NAVPS (10-09-2024) |
$8.25 |
|---|---|
| Change |
$0.04
(0.46%)
|
As at September 30, 2024
As at June 30, 2024
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Inception Return (June 11, 2020): 1.90%
| 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 | 1.46% | 2.73% | 3.61% | 7.98% | 12.10% | 7.70% | -1.28% | 2.57% | - | - | - | - | - | - |
| Benchmark | 1.82% | 4.54% | 5.56% | 4.21% | 12.78% | 5.31% | -0.07% | -1.04% | 0.55% | 2.05% | 2.01% | 1.33% | 1.88% | 2.23% |
| Category Average | 1.09% | 4.41% | 4.41% | 6.41% | 10.84% | 7.88% | 3.17% | 4.06% | 4.08% | - | - | - | - | - |
| Category Rank | 30 / 130 | 80 / 130 | 82 / 118 | 30 / 118 | 38 / 117 | 45 / 100 | 91 / 95 | 51 / 69 | - | - | - | - | - | - |
| Quartile Ranking | 1 | 3 | 3 | 2 | 2 | 2 | 4 | 3 | - | - | - | - | - | - |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.54% | 3.77% | 1.61% | 1.45% | 1.14% | 1.57% | -1.05% | 1.30% | 0.61% | 1.87% | -0.60% | 1.46% |
| Benchmark | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% |
7.52% (November 2020)
-9.21% (September 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 11.52% | -17.34% | 3.95% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | 1 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | - | 9/ 72 | 95/ 95 | 105/ 113 |
11.52% (2021)
-17.34% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 51.20 |
| US Equity | 28.30 |
| Canadian Equity | 11.33 |
| Cash and Equivalents | 5.36 |
| Foreign Government Bonds | 3.11 |
| Other | 0.70 |
| Name | Percent |
|---|---|
| Fixed Income | 54.67 |
| Financial Services | 13.16 |
| Mutual Fund | 6.89 |
| Cash and Cash Equivalent | 5.36 |
| Energy | 5.01 |
| Other | 14.91 |
| Name | Percent |
|---|---|
| North America | 50.98 |
| Europe | 1.54 |
| Asia | 1.32 |
| Latin America | 0.59 |
| Africa and Middle East | 0.25 |
| Other | 45.32 |
| Name | Percent |
|---|---|
| Mackenzie Floating Rate Income ETF (MFT) | 52.49 |
| SPDR S&P 500 ETF Trust (SPY) | 12.10 |
| Diversified Royalty Corp | 6.72 |
| Hercules Capital Inc | 5.16 |
| Cash and Cash Equivalents | 4.95 |
| Enbridge Inc | 3.32 |
| SPDR Bloomberg Emerging Markets Lcl Bnd ETF (EBND) | 2.87 |
| SLR Investment Corp | 1.73 |
| Ares Capital Corp | 1.36 |
| Oaktree Specialty Lending Corp | 1.24 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 11.21% | - | - |
|---|---|---|---|
| Beta | 0.96% | - | - |
| Alpha | -0.01% | - | - |
| Rsquared | 0.36% | - | - |
| Sharpe | -0.36% | - | - |
| Sortino | -0.41% | - | - |
| Treynor | -0.04% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.01% | 11.21% | - | - |
| Beta | 0.43% | 0.96% | - | - |
| Alpha | 0.06% | -0.01% | - | - |
| Rsquared | 0.33% | 0.36% | - | - |
| Sharpe | 1.37% | -0.36% | - | - |
| Sortino | 3.62% | -0.41% | - | - |
| Treynor | 0.16% | -0.04% | - | - |
| Tax Efficiency | 81.43% | - | - | - |
| 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) | $17 |
| 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.
| Name | Start Date |
|---|---|
| Mackenzie Financial Corporation | 06-11-2020 |
| Fund Manager | Mackenzie Financial Corporation |
|---|---|
| Advisor | Mackenzie Financial Corporation |
| Custodian | Canadian Imperial Bank of Commerce |
| Registrar | Mackenzie Financial Corporation |
| Distributor | - |
| Auditor | Deloitte LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.32% |
|---|---|
| Management Fee | 1.85% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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