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IG Mackenzie High Yield Fixed Income Fund Series C

High Yield Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(04-18-2024)
$9.15
Change
-$0.01 (-0.10%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

IG Mackenzie High Yield Fixed Income Fund Series C

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Fund Returns

Inception Return (July 15, 1996): 4.57%

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 1.01% 1.81% 7.21% 1.81% 6.55% 1.71% 0.61% 4.78% 2.03% 2.10% 1.81% 2.71% 1.97% 1.94%
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 171 / 300 135 / 300 202 / 298 135 / 300 243 / 294 197 / 288 189 / 281 175 / 274 202 / 266 182 / 242 185 / 229 187 / 201 163 / 190 154 / 173
Quartile Ranking 3 2 3 2 4 3 3 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.49% -1.01% 0.35% 0.66% -0.16% -0.93% -0.72% 3.49% 2.49% 0.78% 0.02% 1.01%
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

5.52% (January 2003)

Worst Monthly Return Since Inception

-11.03% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.29% -3.47% 10.11% 1.53% -2.44% 8.41% 3.76% 4.24% -10.47% 8.16%
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 3 3 3 4 3 3 3 2 3 3
Category Rank 124/ 172 101/ 183 147/ 200 203/ 228 122/ 240 187/ 265 175/ 273 121/ 275 180/ 285 203/ 294

Best Calendar Return (Last 10 years)

10.11% (2016)

Worst Calendar Return (Last 10 years)

-10.47% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 60.78
Canadian Corporate Bonds 22.04
Cash and Equivalents 4.90
Foreign Government Bonds 4.27
Foreign Bonds - Funds 3.15
Other 4.86

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 87.44
Cash and Cash Equivalent 4.92
Mutual Fund 3.15
Utilities 1.24
Energy 0.76
Other 2.49

Geographic Allocation

Geographic Allocation
Name Percent
North America 89.90
Latin America 4.61
Multi-National 3.27
Europe 1.27
Africa and Middle East 0.22
Other 0.73

Top Holdings

Top Holdings
Name Percent
Mackenzie Global Sustainable High Yield Bond Fund Sr IG 3.15
United States Treasury 0.50% 15-Apr-2024 1.59
Videotron Ltd 5.13% 15-Apr-2027 1.48
Mexico Government 8.50% 01-Mar-2029 1.30
Parkland Corp 4.50% 01-Oct-2029 1.28
Keyera Corp 6.88% 13-Jun-2079 1.16
Inter Pipeline Ltd 6.88% 26-Mar-2079 1.04
Enbridge Inc 5.38% 27-Sep-2027 1.01
Superior Plus LP 4.25% 18-May-2028 0.98
Brazil Government 10.00% 01-Jan-2031 0.98

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

IG Mackenzie High Yield Fixed Income Fund Series C

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.64% 7.35% 5.72%
Beta 0.60% 0.82% 0.50%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.55% 0.63% 0.37%
Sharpe -0.33% 0.05% 0.12%
Sortino -0.52% -0.12% -0.20%
Treynor -0.03% 0.00% 0.01%
Tax Efficiency - - 2.53%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.64% 5.64% 7.35% 5.72%
Beta 0.48% 0.60% 0.82% 0.50%
Alpha 0.01% -0.01% -0.01% -0.01%
Rsquared 0.21% 0.55% 0.63% 0.37%
Sharpe 0.37% -0.33% 0.05% 0.12%
Sortino 1.70% -0.52% -0.12% -0.20%
Treynor 0.04% -0.03% 0.00% 0.01%
Tax Efficiency 65.64% - - 2.53%

Fund Details

Start Date July 15, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $311

Fund Codes

FundServ Code Load Code Sales Status
IGI041
IGI116
IGI316
IGI408

Investment Objectives

The Fund aims to provide a high level of current income while offering the potential for moderate capital appreciation by investing primarily in high yielding investments.

Investment Strategy

Corporate debt securities that are rated less than BBB (below traditional investment grade credit ratings) will constitute a core holding of the Fund, in addition to other investment grade debt securities. The Fund may invest up to 100% of its fixed income exposure in any one sector, and has the flexibility to invest in a wide variety of assets from anywhere in the world including government bonds, corporate bonds (investment-grade and non-investment-grade), preferred shares, and loans.

Portfolio Manager(s)

Name Start Date
Konstantin Boehmer 02-02-2021
Steve Locke 02-02-2021
Dan Cooper 02-02-2021
Movin Mokbel 02-02-2021
Felix Wong 02-02-2021

Management and Organization

Fund Manager I.G. Investment Management, Ltd.
Advisor I.G. Investment Management, Ltd.
Custodian Canadian Imperial Bank of Commerce
Registrar I.G. Investment Management, Ltd.
Distributor Investors Group Financial Services Inc.
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.08%
Management Fee 1.75%
Load Choice of Back or No Load
FE Max -
DSC Max 1.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.70%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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