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Alternative Credit Focus
Click for more information on Fundata’s FundGrade.
NAVPS (07-22-2025) |
$8.05 |
---|---|
Change |
$0.00
(-0.02%)
|
As at June 30, 2025
As at April 30, 2025
Inception Return (June 11, 2020): 2.58%
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 | 1.94% | 0.92% | -0.54% | -0.54% | 7.73% | 8.26% | 4.58% | 0.62% | 2.86% | - | - | - | - | - |
Benchmark | 0.04% | -0.65% | 1.32% | 1.32% | 5.82% | 4.77% | 4.10% | 0.07% | -0.47% | 0.86% | 1.77% | 1.66% | 1.46% | 1.83% |
Category Average | 0.93% | 1.38% | 2.39% | 2.39% | 7.05% | 7.36% | 6.41% | 3.20% | 4.56% | 4.15% | - | - | - | - |
Category Rank | 7 / 137 | 100 / 137 | 134 / 135 | 134 / 135 | 38 / 124 | 31 / 110 | 84 / 94 | 70 / 75 | 51 / 63 | - | - | - | - | - |
Quartile Ranking | 1 | 3 | 4 | 4 | 2 | 2 | 4 | 4 | 4 | - | - | - | - | - |
Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 1.87% | -0.60% | 1.46% | 1.49% | 3.21% | 0.66% | 1.67% | -0.01% | -3.05% | -3.69% | 2.79% | 1.94% |
Benchmark | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% | -0.29% | -0.77% | 0.08% | 0.04% |
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 | 36.67 |
US Equity | 25.85 |
Cash and Equivalents | 17.51 |
Canadian Equity | 17.08 |
International Equity | 1.11 |
Other | 1.78 |
Name | Percent |
---|---|
Fixed Income | 37.90 |
Cash and Cash Equivalent | 17.51 |
Financial Services | 11.90 |
Energy | 8.57 |
Technology | 6.58 |
Other | 17.54 |
Name | Percent |
---|---|
North America | 91.78 |
Europe | 1.39 |
Asia | 0.34 |
Latin America | 0.28 |
Africa and Middle East | 0.02 |
Other | 6.19 |
Name | Percent |
---|---|
SPDR S&P 500 ETF Trust (SPY) | 15.36 |
Cash and Cash Equivalents | 14.54 |
Mackenzie Floating Rate Income ETF (MFT) | 8.03 |
Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.66 |
Enbridge Inc | 1.19 |
Bank of Nova Scotia | 1.04 |
Bank of Montreal | 1.04 |
Toronto-Dominion Bank | 0.92 |
Telus Corp | 0.82 |
Magna International Inc | 0.73 |
Mackenzie Alternative Enhanced Yield Fund Series A
Median
Other - Alternative Credit Focus
Standard Deviation | 10.33% | 10.08% | - |
---|---|---|---|
Beta | 0.91% | 0.90% | - |
Alpha | 0.01% | 0.04% | - |
Rsquared | 0.29% | 0.28% | - |
Sharpe | 0.10% | 0.08% | - |
Sortino | 0.27% | 0.04% | - |
Treynor | 0.01% | 0.01% | - |
Tax Efficiency | 48.98% | - | - |
Volatility |
|
|
- |
Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
---|---|---|---|---|
Standard Deviation | 7.47% | 10.33% | 10.08% | - |
Beta | 0.92% | 0.91% | 0.90% | - |
Alpha | 0.02% | 0.01% | 0.04% | - |
Rsquared | 0.21% | 0.29% | 0.28% | - |
Sharpe | 0.58% | 0.10% | 0.08% | - |
Sortino | 0.91% | 0.27% | 0.04% | - |
Treynor | 0.05% | 0.01% | 0.01% | - |
Tax Efficiency | 67.47% | 48.98% | - | - |
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) | $416 |
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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