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High Yield Fixed Income
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|
NAVPS (04-04-2025) |
$9.32 |
|---|---|
| Change |
-$0.06
(-0.68%)
|
As at February 28, 2025
As at December 31, 2024
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Inception Return (July 15, 1996): 4.65%
| 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 | 0.42% | 1.13% | 2.89% | 1.24% | 7.55% | 6.84% | 2.81% | 2.03% | 2.69% | 2.90% | 2.72% | 2.38% | 3.47% | 2.36% |
| Benchmark | 0.36% | 4.44% | 9.83% | 2.31% | 16.13% | 13.40% | 8.80% | 5.52% | 5.20% | 5.67% | 5.57% | 5.31% | 6.56% | 6.01% |
| Category Average | 0.56% | 1.22% | 3.26% | 1.57% | 8.24% | 7.59% | 3.19% | 2.16% | 3.00% | 3.30% | 3.05% | 3.04% | 4.20% | 3.07% |
| Category Rank | 207 / 283 | 225 / 283 | 221 / 283 | 249 / 283 | 237 / 281 | 247 / 275 | 227 / 269 | 201 / 263 | 204 / 252 | 207 / 244 | 179 / 221 | 184 / 209 | 187 / 200 | 166 / 189 |
| Quartile Ranking | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.01% | -0.72% | 0.94% | 0.59% | 1.78% | 0.87% | 0.99% | -0.20% | 0.95% | -0.12% | 0.82% | 0.42% |
| Benchmark | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% | 0.36% |
5.52% (January 2003)
-11.03% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -3.47% | 10.11% | 1.53% | -2.44% | 8.41% | 3.76% | 4.24% | -10.47% | 8.16% | 7.08% |
| Benchmark | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% |
| Category Average | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% |
| Quartile Ranking | 3 | 3 | 4 | 3 | 4 | 3 | 2 | 3 | 4 | 3 |
| Category Rank | 102/ 182 | 144/ 199 | 197/ 208 | 110/ 219 | 187/ 244 | 174/ 252 | 126/ 257 | 173/ 266 | 208/ 275 | 185/ 281 |
10.11% (2016)
-10.47% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 62.45 |
| Canadian Corporate Bonds | 17.13 |
| Cash and Equivalents | 11.30 |
| Foreign Bonds - Funds | 2.90 |
| Canadian Equity | 2.18 |
| Other | 4.04 |
| Name | Percent |
|---|---|
| Fixed Income | 85.70 |
| Cash and Cash Equivalent | 11.30 |
| Utilities | 0.65 |
| Financial Services | 0.58 |
| Consumer Goods | 0.56 |
| Other | 1.21 |
| Name | Percent |
|---|---|
| North America | 96.80 |
| Multi-National | 3.02 |
| Europe | 1.42 |
| Latin America | 1.02 |
| Africa and Middle East | 0.22 |
| Other | -2.48 |
| Name | Percent |
|---|---|
| CAD Term Deposit #1579 | 5.01 |
| Mackenzie Global Sustainable High Yield Bond Fund Sr IG | 2.88 |
| Videotron Ltd 5.13% 01-Feb-2025 | 1.29 |
| Mackenzie High Quality Floating Rate Fund Series IG | 1.16 |
| Parkland Corp 4.50% 01-Oct-2029 | 1.09 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 0.98 |
| Keyera Corp 6.88% 13-Jun-2079 | 0.90 |
| Enbridge Inc 5.38% 27-Sep-2027 | 0.90 |
| Source Energy Servcs Canada LP 10.50% 15-Mar-2025 | 0.87 |
| TransCanada Trust 4.65% 18-May-2027 | 0.85 |
IG Mackenzie North American Corporate Bond Fund C NL
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.57% | 7.35% | 5.70% |
|---|---|---|---|
| Beta | 0.66% | 0.79% | 0.54% |
| Alpha | -0.03% | -0.01% | -0.01% |
| Rsquared | 0.57% | 0.61% | 0.39% |
| Sharpe | -0.16% | 0.08% | 0.15% |
| Sortino | -0.02% | -0.01% | -0.11% |
| Treynor | -0.01% | 0.01% | 0.02% |
| Tax Efficiency | 20.00% | 22.75% | 17.73% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.33% | 5.57% | 7.35% | 5.70% |
| Beta | 0.08% | 0.66% | 0.79% | 0.54% |
| Alpha | 0.06% | -0.03% | -0.01% | -0.01% |
| Rsquared | 0.01% | 0.57% | 0.61% | 0.39% |
| Sharpe | 1.39% | -0.16% | 0.08% | 0.15% |
| Sortino | 3.82% | -0.02% | -0.01% | -0.11% |
| Treynor | 0.43% | -0.01% | 0.01% | 0.02% |
| Tax Efficiency | 73.35% | 20.00% | 22.75% | 17.73% |
| 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) | $439 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| IGI116 | ||
| IGI316 | ||
| IGI408 |
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.
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 |
I.G. Investment Management, Ltd. |
|---|---|
| Sub-Advisor |
Mackenzie Financial Corporation
|
| 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. |
| 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 |
| MER | 2.08% |
|---|---|
| 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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