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Mackenzie Ivy Foreign Equity Currency Neutral Fund Series A

Global Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

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NAVPS
(06-14-2024)
$19.56
Change
-$0.02 (-0.11%)

As at May 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Mackenzie Ivy Foreign Equity Currency Neutral Fund Series A

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Fund Returns

Inception Return (August 27, 2007): 5.19%

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 2.41% 0.62% 8.21% 5.57% 10.76% 6.87% 2.54% 7.39% 6.77% 6.18% 4.95% 4.96% 4.60% 4.90%
Benchmark 3.15% 4.24% 14.49% 11.66% 23.70% 15.77% 9.12% 12.93% 11.70% 10.13% 9.81% 11.19% 9.88% 10.97%
Category Average 3.08% 12.88% 12.88% 9.94% 19.26% 11.91% 5.89% 10.52% 9.32% 7.93% 7.58% 8.60% 7.35% 7.97%
Category Rank 1,469 / 2,070 1,784 / 2,064 1,847 / 2,040 1,881 / 2,040 1,820 / 1,950 1,773 / 1,835 1,533 / 1,663 1,328 / 1,510 1,267 / 1,449 1,043 / 1,254 975 / 1,117 914 / 970 739 / 793 682 / 726
Quartile Ranking 3 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 3.03% 0.28% -0.96% -4.25% -1.69% 6.27% 2.50% 2.07% 2.79% 1.70% -3.39% 2.41%
Benchmark 2.98% 3.28% -0.19% -4.15% -0.71% 6.95% 2.53% 1.41% 5.64% 2.94% -1.84% 3.15%

Best Monthly Return Since Inception

6.86% (November 2020)

Worst Monthly Return Since Inception

-10.14% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.59% 2.14% 4.50% 4.78% -3.30% 12.12% 12.34% 10.45% -11.90% 11.33%
Benchmark 13.97% 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37%
Category Average 8.33% 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08%
Quartile Ranking 4 4 2 4 2 4 2 4 2 4
Category Rank 621/ 678 667/ 760 399/ 883 1,003/ 1,051 442/ 1,201 1,283/ 1,405 705/ 1,486 1,428/ 1,606 752/ 1,760 1,544/ 1,921

Best Calendar Return (Last 10 years)

12.34% (2020)

Worst Calendar Return (Last 10 years)

-11.90% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 53.27
International Equity 36.30
Cash and Equivalents 7.25
Canadian Equity 3.19
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Healthcare 18.85
Technology 17.95
Consumer Goods 15.30
Financial Services 14.96
Consumer Services 13.66
Other 19.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 63.70
Europe 27.69
Asia 8.60
Other 0.01

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 8.18
Danaher Corp 4.03
Colgate-Palmolive Co 3.87
Berkshire Hathaway Inc Cl B 3.46
Brookfield Corp Cl A 3.19
W W Grainger Inc 3.14
Seven & i Holdings Co Ltd 3.09
Alphabet Inc Cl A 3.09
Johnson & Johnson 3.05
Compass Group PLC 2.81

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Mackenzie Ivy Foreign Equity Currency Neutral Fund Series A

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 11.73% 11.32% 9.35%
Beta 0.83% 0.80% 0.67%
Alpha -0.05% -0.02% -0.02%
Rsquared 0.85% 0.86% 0.72%
Sharpe 0.03% 0.46% 0.40%
Sortino 0.02% 0.56% 0.34%
Treynor 0.00% 0.06% 0.06%
Tax Efficiency 69.43% 86.82% 84.99%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.41% 11.73% 11.32% 9.35%
Beta 0.90% 0.83% 0.80% 0.67%
Alpha -0.09% -0.05% -0.02% -0.02%
Rsquared 0.87% 0.85% 0.86% 0.72%
Sharpe 0.57% 0.03% 0.46% 0.40%
Sortino 1.25% 0.02% 0.56% 0.34%
Treynor 0.07% 0.00% 0.06% 0.06%
Tax Efficiency 100.00% 69.43% 86.82% 84.99%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date August 27, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $322

Fund Codes

FundServ Code Load Code Sales Status
MFC8480
MFC8485
MFC8486
MFC8503

Investment Objectives

The Fund pursues long-term capital growth, consistent with protection of capital. The Fund’s investments are not limited geographically, but generally do not include investments in emerging markets. Securities of U.S. companies will usually form the largest percentage of assets from any geographic area within the Fund’s portfolio. The Fund seeks to eliminate substantially all of its foreign currency exposure.

Investment Strategy

The investment approach follows a blended growth and value investment style, by seeking companies having the greatest prospects for long-term growth. Strong consideration is also placed on assessing the investment’s intrinsic worth relative to its stock price. The review process includes analysis of the company’s competitive position, management strengths, expected profitability and financial position.

Portfolio Manager(s)

Name Start Date
Adam Gofton 01-01-2020
Paul Musson 08-01-2021
Hussein Sunderji 08-01-2021
Jason Miller 01-01-2022

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor -
Auditor Deloitte 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 2.53%
Management Fee 2.00%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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