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Mackenzie ChinaAMC All China Bond Fund Series A

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Emerg Mkts Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(11-19-2024) 		$10.69
Change
-$0.01 (-0.11%)

As at October 31, 2024

As at August 31, 2024

Period
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Legend

Mackenzie ChinaAMC All China Bond Fund Series A

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Fund Returns

Inception Return (October 19, 2021): 3.91%

Fund Returns
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 0.79% 1.72% 5.93% 11.45% 15.95% 9.80% 4.00% - - - - - - -
Benchmark 1.01% 3.36% 8.27% 11.41% 18.09% 13.89% 2.04% 0.36% 1.09% 2.86% 2.02% 2.05% 3.16% 4.22%
Category Average -0.71% 2.48% 6.05% 7.43% 14.66% 12.60% 2.26% 1.71% 1.29% 2.84% - - - -
Category Rank 28 / 71 62 / 70 41 / 70 27 / 70 40 / 67 57 / 62 30 / 60 - - - - - - -
Quartile Ranking 2 4 3 2 3 4 2 - - - - - - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.72% 0.31% 1.85% 1.28% 0.42% 1.56% 1.89% 0.61% 1.59% -0.40% 1.33% 0.79%
Benchmark 3.75% 2.16% -0.12% 1.93% 1.61% -0.53% 0.96% 0.80% 2.93% 0.22% 2.10% 1.01%

Best Monthly Return Since Inception

4.98% (December 2022)

Worst Monthly Return Since Inception

-4.48% (October 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -0.76% -1.14%
Benchmark 14.63% 18.71% 3.92% 4.16% 4.15% 7.03% 4.99% -4.38% -12.92% 7.92%
Category Average - - - - - 9.00% 3.99% -4.64% -9.10% 9.06%
Quartile Ranking - - - - - - - - 1 4
Category Rank - - - - - - - - 15/ 60 65/ 66

Best Calendar Return (Last 10 years)

-0.76% (2022)

Worst Calendar Return (Last 10 years)

-1.14% (2023)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 32.03
Cash and Equivalents 31.31
Foreign Corporate Bonds 27.20
International Equity 9.46

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 59.24
Cash and Cash Equivalent 31.31
Financial Services 1.17
Other 8.28

Geographic Allocation

Geographic Allocation
Name Percent
Asia 64.17
North America 26.71
Europe 9.12

Top Holdings

Top Holdings
Name Percent
Industrial & Commercial Bank of China Ltd. 0.00% 29-Jul-2025 8.29
China Construction Bank Corp 2.60% 25-May-2025 7.65
Cash and Cash Equivalents 7.41
Agricultural Dvlpmt Bank China 3.92% 18-Jun-2051 6.61
Bank of Communications Co. Ltd. 2.80% 29-Mar-2026 5.99
China Development Bank 3.49% 08-Nov-2041 5.88
China Government 3.81% 14-Sep-2050 5.40
Export-Import Bank of China 2.57% 10-Jun-2025 4.25
Central Plaza Development Ltd 5.75% PERP 4.18
Agricultural Bank of China Ltd 18-Mar-2025 4.16

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Mackenzie ChinaAMC All China Bond Fund Series A

Median

Other - Emerg Mkts Fixed Income

3 Yr Annualized

Standard Deviation 7.16% - -
Beta 0.42% - -
Alpha 0.03% - -
Rsquared 0.27% - -
Sharpe 0.10% - -
Sortino 0.26% - -
Treynor 0.02% - -
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 - -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.62% 7.16% - -
Beta 0.36% 0.42% - -
Alpha 0.09% 0.03% - -
Rsquared 0.19% 0.27% - -
Sharpe 2.85% 0.10% - -
Sortino - 0.26% - -
Treynor 0.29% 0.02% - -
Tax Efficiency 96.36% - - -

Fund Details

Start Date October 19, 2021
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Partially Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $23

Fund Codes

FundServ Code Load Code Sales Status
MFC8298
MFC8299

Investment Objectives

The Fund seeks to generate above-average income with the potential for long-term capital growth by investing primarily in a diversified portfolio of fixed-income securities of any size issued by Chinese companies or governments.

Investment Strategy

The investment manager utilizes both a top-down and bottom-up selection process to manage the fund. The team utilizes a discipline investment process to systematically identify investment opportunities. The fund will generally have exposure to a combination of the Onshore CNY rate bond market, the Onshore CNY credit market, the Offshore Chinese high-yield credit market, and the Offshore Chinese investment grade credit market.

Portfolio Manager(s)

Name Start Date
Mackenzie Financial Corporation 10-19-2021
China Asset Management Co., Ltd. 10-19-2021

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor -
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.98%
Management Fee 1.55%
Load Front Fee Only
FE Max -
DSC Max 5.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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