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Alternative Credit Focus
Click for more information on Fundata’s FundGrade
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|
NAVPS (12-04-2025) |
$8.36 |
|---|---|
| Change |
$0.01
(0.10%)
|
As at October 31, 2025
As at August 31, 2025
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Inception Return (June 11, 2020): 3.58%
| 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 | 0.75% | 4.37% | 11.38% | 5.72% | 9.83% | 12.65% | 7.75% | 1.53% | 4.72% | - | - | - | - | - |
| Benchmark | 0.76% | 2.95% | 2.31% | 3.54% | 4.56% | 7.78% | 5.04% | 0.95% | 0.00% | 1.05% | 2.33% | 1.97% | 1.68% | 2.08% |
| Category Average | 0.32% | 1.95% | 4.48% | 4.97% | 6.24% | 8.87% | 7.34% | 4.00% | 4.52% | 4.45% | - | - | - | - |
| Category Rank | 16 / 146 | 11 / 140 | 7 / 135 | 40 / 132 | 13 / 126 | 14 / 110 | 32 / 92 | 81 / 87 | 29 / 64 | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 4 | 2 | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.21% | 0.66% | 1.67% | -0.01% | -3.05% | -3.69% | 2.79% | 1.94% | 1.84% | 1.45% | 2.11% | 0.75% |
| Benchmark | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% |
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 | 87/ 87 | 99/ 105 | 12/ 111 |
13.85% (2024)
-17.34% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 42.75 |
| US Equity | 30.96 |
| Canadian Equity | 20.15 |
| Cash and Equivalents | 3.43 |
| International Equity | 0.98 |
| Other | 1.73 |
| Name | Percent |
|---|---|
| Fixed Income | 44.12 |
| Financial Services | 11.51 |
| Energy | 10.11 |
| Technology | 9.27 |
| Healthcare | 4.35 |
| Other | 20.64 |
| Name | Percent |
|---|---|
| North America | 90.58 |
| Europe | 1.54 |
| Latin America | 0.31 |
| Asia | 0.17 |
| Africa and Middle East | 0.02 |
| Other | 7.38 |
| Name | Percent |
|---|---|
| SPDR S&P 500 ETF Trust (SPY) | 19.74 |
| Mackenzie Floating Rate Income ETF (MFT) | 8.85 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.99 |
| Bank of Nova Scotia | 1.46 |
| Enbridge Inc | 1.35 |
| Toronto-Dominion Bank | 1.19 |
| Telus Corp | 1.14 |
| Magna International Inc | 0.99 |
| Suncor Energy Inc | 0.88 |
| Whitecap Resources Inc | 0.87 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 7.98% | 10.05% | - |
|---|---|---|---|
| Beta | 0.78% | 0.91% | - |
| Alpha | 0.04% | 0.05% | - |
| Rsquared | 0.31% | 0.29% | - |
| Sharpe | 0.48% | 0.25% | - |
| Sortino | 0.93% | 0.29% | - |
| Treynor | 0.05% | 0.03% | - |
| Tax Efficiency | 71.52% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.44% | 7.98% | 10.05% | - |
| Beta | 1.19% | 0.78% | 0.91% | - |
| Alpha | 0.04% | 0.04% | 0.05% | - |
| Rsquared | 0.24% | 0.31% | 0.29% | - |
| Sharpe | 0.92% | 0.48% | 0.25% | - |
| Sortino | 1.30% | 0.93% | 0.29% | - |
| Treynor | 0.06% | 0.05% | 0.03% | - |
| Tax Efficiency | 77.44% | 71.52% | - | - |
| 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) | $435 |
| 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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