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Mackenzie Target 2029 North American IG Corporate Bond Fund Series A
Global Corp Fixed Income
|
NAVPS (07-03-2026) |
$9.86 |
|---|---|
| Change |
-$0.01
(-0.05%)
|
As at May 31, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (May 01, 2025): 2.04%
| 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 | 0.32% | -0.56% | 0.22% | 0.42% | 1.64% | - | - | - | - | - | - | - | - | - |
| Benchmark | 1.82% | -0.02% | -0.26% | 1.27% | 5.97% | 7.23% | 6.73% | 6.29% | 2.97% | 1.43% | 2.45% | 3.23% | 2.57% | 3.01% |
| Category Average | 0.66% | -0.24% | 0.78% | 1.02% | 4.32% | 5.39% | 5.59% | 4.11% | 1.77% | 2.47% | 2.67% | 2.87% | - | - |
| Category Rank | 204 / 233 | 176 / 231 | 164 / 225 | 183 / 227 | 219 / 220 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 3 | 4 | 4 | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.60% | -0.04% | 0.60% | 0.53% | 0.28% | -0.55% | -0.20% | 0.39% | 0.60% | -1.26% | 0.39% | 0.32% |
| Benchmark | 1.53% | 0.68% | 0.72% | 2.50% | 0.66% | 0.01% | -1.51% | -0.21% | 1.50% | -0.67% | -1.14% | 1.82% |
Best Monthly Return Since Inception
0.60% (June 2025)
Worst Monthly Return Since Inception
-1.26% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 0.66% | 2.08% | 5.22% | 5.81% | 8.39% | -3.78% | -10.63% | 6.54% | 10.41% | 5.13% |
| Category Average | - | - | - | 9.03% | 6.89% | 0.56% | -10.54% | 7.62% | 5.63% | 4.93% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
-
Worst Calendar Return (Last 10 years)
-
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 54.46 |
| Foreign Corporate Bonds | 40.32 |
| Canadian Government Bonds | 4.94 |
| Cash and Equivalents | 0.28 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 99.72 |
| Cash and Cash Equivalent | 0.28 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Mackenzie Target 2029 NA IG Corp Bd ETF (MTBB) | 99.72 |
| Cash and Cash Equivalents | 0.28 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.97% | - | - | - |
| Beta | 0.25 | - | - | - |
| Alpha | 0.00 | - | - | - |
| Rsquared | 0.29% | - | - | - |
| Sharpe | -0.36 | - | - | - |
| Sortino | -0.75 | - | - | - |
| Treynor | -0.03 | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | May 01, 2025 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC7860 | ||
| MFC7861 |
Investment Objectives
The Fund seeks to provide regular income and preserve capital, over a pre-determined time period, by investing primarily in a portfolio of investment-grade Canadian-dollar and US-dollar denominated corporate bonds with an effective maturity in 2029. The Fund's termination date is anticipated to be on or about November 30, 2029 (the 2029 Termination Date ).
Investment Strategy
The Fund will invest substantially all of its assets in securities of the Mackenzie Target 2029 North American IG Corporate Bond ETF (the “Underlying ETF”), which is managed by us. For more information, see the “Fund of Funds” disclosure under “Fees and Expenses”. The Underlying ETF invests primarily in North American corporate and/or government bonds with an effective maturity of 2029.
Portfolio Management
| Portfolio Manager |
Mackenzie Financial Corporation |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 0.87% |
|---|---|
| Management Fee | 0.70% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 5.00% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.25% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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