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Alternative Credit Focus
Click for more information on Fundata’s FundGrade.
NAVPS (10-07-2025) |
$8.31 |
---|---|
Change |
-$0.01
(-0.16%)
|
As at August 31, 2025
As at June 30, 2025
Inception Return (June 11, 2020): 3.14%
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 | 1.45% | 5.33% | 1.09% | 2.77% | 9.93% | 9.19% | 4.50% | 0.66% | 3.36% | - | - | - | - | - |
Benchmark | 0.37% | -0.34% | -1.31% | 0.94% | 2.68% | 5.24% | 3.56% | -0.26% | -0.56% | 0.44% | 1.72% | 1.68% | 1.30% | 1.74% |
Category Average | 0.77% | 2.28% | 2.53% | 3.76% | 6.42% | 7.73% | 6.29% | 3.68% | 4.29% | 4.24% | - | - | - | - |
Category Rank | 9 / 143 | 7 / 138 | 121 / 136 | 103 / 135 | 16 / 124 | 27 / 110 | 83 / 94 | 79 / 83 | 46 / 63 | - | - | - | - | - |
Quartile Ranking | 1 | 1 | 4 | 4 | 1 | 1 | 4 | 4 | 3 | - | - | - | - | - |
Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 1.46% | 1.49% | 3.21% | 0.66% | 1.67% | -0.01% | -3.05% | -3.69% | 2.79% | 1.94% | 1.84% | 1.45% |
Benchmark | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% | 0.08% | 0.04% | -0.74% | 0.37% |
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/ 114 |
13.85% (2024)
-17.34% (2022)
Name | Percent |
---|---|
Foreign Corporate Bonds | 41.75 |
US Equity | 29.67 |
Canadian Equity | 20.31 |
Cash and Equivalents | 5.50 |
International Equity | 0.94 |
Other | 1.83 |
Name | Percent |
---|---|
Fixed Income | 43.13 |
Financial Services | 12.44 |
Energy | 9.93 |
Technology | 8.03 |
Cash and Cash Equivalent | 5.50 |
Other | 20.97 |
Name | Percent |
---|---|
North America | 90.53 |
Europe | 1.58 |
Latin America | 0.33 |
Asia | 0.16 |
Africa and Middle East | 0.02 |
Other | 7.38 |
Name | Percent |
---|---|
SPDR S&P 500 ETF Trust (SPY) | 19.01 |
Mackenzie Floating Rate Income ETF (MFT) | 8.97 |
Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 3.02 |
Cash and Cash Equivalents | 1.87 |
Bank of Montreal | 1.31 |
Bank of Nova Scotia | 1.30 |
Enbridge Inc | 1.26 |
Toronto-Dominion Bank | 1.17 |
Telus Corp | 1.11 |
Magna International Inc | 0.83 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
Standard Deviation | 9.90% | 10.11% | - |
---|---|---|---|
Beta | 0.82% | 0.91% | - |
Alpha | 0.02% | 0.04% | - |
Rsquared | 0.22% | 0.28% | - |
Sharpe | 0.09% | 0.12% | - |
Sortino | 0.25% | 0.11% | - |
Treynor | 0.01% | 0.01% | - |
Tax Efficiency | 48.52% | - | - |
Volatility |
|
|
- |
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 7.38% | 9.90% | 10.11% | - |
Beta | 0.81% | 0.82% | 0.91% | - |
Alpha | 0.08% | 0.02% | 0.04% | - |
Rsquared | 0.14% | 0.22% | 0.28% | - |
Sharpe | 0.91% | 0.09% | 0.12% | - |
Sortino | 1.31% | 0.25% | 0.11% | - |
Treynor | 0.08% | 0.01% | 0.01% | - |
Tax Efficiency | 75.46% | 48.52% | - | - |
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) | $425 |
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 | 2.37% |
---|---|
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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