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IG Mackenzie North American Corporate Bond Fund Series C NL
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade D
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-08-2026) |
$9.15 |
|---|---|
| Change |
$0.00
(-0.05%)
|
As at September 30, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (July 15, 1996): 4.45%
| 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 | -2.01% | -2.00% | -0.69% | -1.35% | -0.87% | 1.59% | 4.97% | 4.98% | 1.22% | 2.50% | 2.28% | 2.34% | 2.29% | 2.24% |
| Benchmark | -0.43% | -1.85% | 2.60% | 3.31% | 2.96% | 7.15% | 10.31% | 10.47% | 5.25% | 5.18% | 5.13% | 5.53% | 5.43% | 5.34% |
| Category Average | -1.92% | -1.81% | 0.35% | -0.20% | 0.49% | 3.07% | 6.16% | 6.04% | 2.05% | 3.07% | 2.94% | 3.06% | 2.88% | 3.10% |
| Category Rank | 147 / 259 | 150 / 257 | 231 / 257 | 198 / 255 | 209 / 254 | 213 / 246 | 216 / 243 | 224 / 239 | 199 / 233 | 183 / 223 | 183 / 218 | 177 / 208 | 160 / 189 | 152 / 174 |
| Quartile Ranking | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.14% | 0.41% | -0.06% | 0.01% | 0.37% | -1.04% | 1.15% | 0.05% | 0.14% | -0.50% | 0.52% | -2.01% |
| Benchmark | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% | -1.29% | -0.14% | -0.43% |
Best Monthly Return Since Inception
5.52% (January 2003)
Worst Monthly Return Since Inception
-11.03% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 10.11% | 1.53% | -2.44% | 8.41% | 3.76% | 4.24% | -10.47% | 8.16% | 7.08% | 3.97% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 4 | 4 | 2 | 4 | 3 | 2 | 3 | 4 | 3 | 4 |
| Category Rank | 135/ 172 | 173/ 180 | 90/ 191 | 168/ 215 | 151/ 221 | 111/ 226 | 145/ 233 | 184/ 239 | 159/ 245 | 218/ 246 |
Best Calendar Return (Last 10 years)
10.11% (2016)
Worst Calendar Return (Last 10 years)
-10.47% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 71.56 |
| Canadian Corporate Bonds | 17.08 |
| Cash and Equivalents | 5.24 |
| Foreign Bonds - Funds | 2.75 |
| Canadian Bonds - Funds | 1.12 |
| Other | 2.25 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 93.95 |
| Cash and Cash Equivalent | 5.24 |
| Utilities | 0.52 |
| Financial Services | 0.13 |
| Consumer Services | 0.08 |
| Other | 0.08 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 96.88 |
| Multi-National | 2.75 |
| Europe | 1.64 |
| Other | -1.27 |
Top Holdings
| Name | Percent |
|---|---|
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 6.20 |
| Canadian Dollars | 3.26 |
| Mackenzie Global Sustainable High Yield Bond Fund Sr IG | 2.75 |
| Mackenzie US High Yield Bond Index ETF C$Hgd (QHY) | 2.37 |
| Mackenzie High Quality Floating Rate Fund Series IG | 1.12 |
| Lamb Weston Holdings Inc 4.38% 31-Jan-2032 | 0.81 |
| IQVIA Inc. 6.25% 01-Jun-2032 | 0.80 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 0.78 |
| Go Daddy Operating Co LLC 3.50% 01-Mar-2029 | 0.77 |
| Enbridge Inc 5.38% 27-Sep-2027 | 0.77 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
IG Mackenzie North American Corporate Bond Fund Series C NL
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 3.45% | 4.74% | 5.51% |
|---|---|---|---|
| Beta | 0.31 | 0.53 | 0.60 |
| Alpha | 0.02 | -0.01 | -0.01 |
| Rsquared | 0.16% | 0.47% | 0.47% |
| Sharpe | 0.47 | -0.36 | 0.07 |
| Sortino | 0.96 | -0.46 | -0.14 |
| Treynor | 0.05 | -0.03 | 0.01 |
| Tax Efficiency | 59.53% | - | 13.15% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.82% | 3.45% | 4.74% | 5.51% |
| Beta | 0.15 | 0.31 | 0.53 | 0.60 |
| Alpha | -0.01 | 0.02 | -0.01 | -0.01 |
| Rsquared | 0.05% | 0.16% | 0.47% | 0.47% |
| Sharpe | -1.09 | 0.47 | -0.36 | 0.07 |
| Sortino | -1.39 | 0.96 | -0.46 | -0.14 |
| Treynor | -0.20 | 0.05 | -0.03 | 0.01 |
| Tax Efficiency | - | 59.53% | - | 13.15% |
Fund Details
| Start Date | July 15, 1996 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $450 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| IGI116 | NL | Open |
| IGI316 | DSC | Open |
| IGI408 | NL | Open |
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 Management
| Portfolio Manager |
I.G. Investment Management, Ltd. |
|---|---|
| Sub-Advisor |
Mackenzie Financial Corporation
|
Management and Organization
| Fund Manager |
I.G. Investment Management, Ltd. |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
I.G. Investment Management, Ltd. |
| Distributor |
Investors Group Financial Services Inc. Investors Group Securities Inc. |
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 | 2.09% |
|---|---|
| Management Fee | 1.75% |
| Load | Choice of Front or Back |
| FE Max | - |
| DSC Max | 1.50% |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | 0.70% |
| Trailer Fee Max (NL) | 0.70% |
| Trailer Fee Max (LL) | - |
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