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Mackenzie Corporate Bond Fund Series A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2013, 2012

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NAVPS
(04-18-2024)
$3.90
Change
$0.00 (-0.09%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Corporate Bond Fund Series A

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Fund Returns

Inception Return (November 03, 2000): 4.59%

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 1.04% 2.22% 7.22% 2.22% 7.33% 2.02% 0.92% 4.52% 2.71% 2.68% 2.47% 3.48% 2.53% 2.32%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.04% 7.26% 7.26% 1.57% 7.54% 1.83% 0.64% 4.84% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 135 / 300 94 / 300 201 / 298 94 / 300 195 / 294 169 / 288 157 / 281 197 / 274 142 / 266 137 / 242 137 / 229 145 / 201 141 / 190 137 / 173
Quartile Ranking 2 2 3 2 3 3 3 3 3 3 3 3 3 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.47% -0.82% 0.37% 0.64% 0.10% -0.65% -0.65% 3.09% 2.41% 0.97% 0.19% 1.04%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

5.49% (April 2009)

Worst Monthly Return Since Inception

-9.54% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.25% -4.39% 11.09% 3.81% -3.13% 9.16% 5.80% 3.82% -9.76% 8.29%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 4 3 3 3 3 3 2 3 2 3
Category Rank 152/ 172 124/ 183 128/ 200 170/ 228 153/ 240 166/ 265 111/ 273 143/ 275 140/ 285 195/ 294

Best Calendar Return (Last 10 years)

11.09% (2016)

Worst Calendar Return (Last 10 years)

-9.76% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 54.38
Canadian Corporate Bonds 33.97
Canadian Equity 3.04
Foreign Government Bonds 3.03
Cash and Equivalents 2.71
Other 2.87

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 93.17
Cash and Cash Equivalent 2.71
Utilities 0.94
Energy 0.87
Consumer Goods 0.63
Other 1.68

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.83
Latin America 3.18
Europe 1.06
Asia -0.05
Other -0.02

Top Holdings

Top Holdings
Name Percent
Videotron Ltd 5.63% 15-Jun-2025 1.84
Parkland Corp 4.38% 26-Mar-2029 1.82
Videotron Ltd 3.63% 15-Jun-2028 1.69
Superior Plus LP 4.25% 18-May-2028 1.67
Parkland Corp 4.50% 01-Oct-2029 1.51
Northleaf Private Credit II LP MI 15 1.48
Keyera Corp 6.88% 13-Jun-2079 1.46
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.36
TransCanada Trust 4.65% 18-May-2027 1.32
Mexico Government 8.50% 01-Mar-2029 1.28

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Mackenzie Corporate Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.16% 6.15% 5.37%
Beta 0.56% 0.69% 0.40%
Alpha -0.01% 0.00% 0.00%
Rsquared 0.57% 0.64% 0.27%
Sharpe -0.30% 0.15% 0.20%
Sortino -0.50% -0.03% -0.13%
Treynor -0.03% 0.01% 0.03%
Tax Efficiency - 35.68% 23.35%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.11% 5.16% 6.15% 5.37%
Beta 0.43% 0.56% 0.69% 0.40%
Alpha 0.03% -0.01% 0.00% 0.00%
Rsquared 0.22% 0.57% 0.64% 0.27%
Sharpe 0.59% -0.30% 0.15% 0.20%
Sortino 2.49% -0.50% -0.03% -0.13%
Treynor 0.06% -0.03% 0.01% 0.03%
Tax Efficiency 74.33% - 35.68% 23.35%

Fund Details

Start Date November 03, 2000
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $331

Fund Codes

FundServ Code Load Code Sales Status
MFC1067
MFC1643
MFC3171
MFC7060
MFC756
MFC856

Investment Objectives

The Fund seeks above-average income with the potential for long-term growth of accumulated capital. The Fund invests primarily in higher yielding Canadian corporate securities (both equity and fixed-income securities).

Investment Strategy

The Fund’s investments are generally expected to have a weighted average credit quality of “BB-” or higher, as rated by a recognized credit rating organization. The portfolio manager may vary the weighted average credit quality. The investment approach follows a fundamental analysis to select investments for the Fund, by reviewing the values of the Fund’s investments on an ongoing basis, paying particular attention to credit quality.

Portfolio Manager(s)

Name Start Date
Movin Mokbel 02-20-2020
Konstantin Boehmer 02-20-2020
Steve Locke 02-20-2020
Dan Cooper 02-20-2020

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 & Touche LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 0

Fees

MER 1.69%
Management Fee 1.35%
Load Choice of Front or Back
FE Max 5.00%
DSC Max 5.50%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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