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High Yield Fixed Income
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|
NAVPS (11-05-2024) |
$9.45 |
|---|---|
| Change |
-$0.01
(-0.06%)
|
As at September 30, 2024
As at July 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 | 0.99% | 3.67% | 4.51% | 6.41% | 12.05% | 8.47% | 0.97% | 2.95% | 2.56% | 2.60% | 2.49% | 2.40% | 2.92% | 2.30% |
| Benchmark | 2.00% | 4.50% | 6.96% | 11.39% | 16.92% | 13.88% | 3.99% | 4.21% | 4.33% | 4.99% | 4.94% | 4.89% | 5.51% | 6.30% |
| Category Average | 1.23% | 4.00% | 5.02% | 6.67% | 12.65% | 9.09% | 1.37% | 3.08% | 2.89% | 3.06% | 2.83% | 3.11% | 3.64% | 3.00% |
| Category Rank | 245 / 305 | 201 / 304 | 248 / 303 | 213 / 303 | 233 / 301 | 234 / 297 | 226 / 288 | 197 / 275 | 210 / 271 | 204 / 256 | 178 / 237 | 184 / 222 | 177 / 194 | 163 / 183 |
| Quartile Ranking | 4 | 3 | 4 | 3 | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.72% | 3.49% | 2.49% | 0.78% | 0.02% | 1.01% | -0.72% | 0.94% | 0.59% | 1.78% | 0.87% | 0.99% |
| Benchmark | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% |
5.52% (January 2003)
-11.03% (March 2020)
| 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 | 127/ 172 | 102/ 184 | 145/ 200 | 203/ 228 | 121/ 239 | 188/ 264 | 176/ 274 | 125/ 279 | 185/ 288 | 209/ 297 |
10.11% (2016)
-10.47% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 58.11 |
| Canadian Corporate Bonds | 18.05 |
| Cash and Equivalents | 14.29 |
| Foreign Bonds - Funds | 3.00 |
| Canadian Equity | 2.41 |
| Other | 4.14 |
| Name | Percent |
|---|---|
| Fixed Income | 82.14 |
| Cash and Cash Equivalent | 14.29 |
| Utilities | 1.03 |
| Consumer Goods | 0.57 |
| Financial Services | 0.57 |
| Other | 1.40 |
| Name | Percent |
|---|---|
| North America | 94.12 |
| Multi-National | 3.10 |
| Latin America | 1.49 |
| Europe | 1.31 |
| Africa and Middle East | 0.22 |
| Other | -0.24 |
| Name | Percent |
|---|---|
| CAD Term Deposit #1476 | 6.39 |
| Mackenzie Global Sustainable High Yield Bond Fund Sr IG | 3.00 |
| Mackenzie High Quality Floating Rate Fund Series IG | 1.22 |
| Videotron Ltd 5.13% 28-Sep-2024 | 1.18 |
| Parkland Corp 4.50% 01-Oct-2029 | 1.03 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 1.02 |
| Enbridge Inc 5.38% 27-Sep-2027 | 0.94 |
| Keyera Corp 6.88% 13-Jun-2079 | 0.94 |
| Source Energy Servcs Canada LP 10.50% 15-Mar-2025 | 0.93 |
| Athenahealth Group Inc 6.50% 15-Feb-2030 | 0.90 |
IG Mackenzie North American Corporate Bond Fund C NL
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.77% | 7.37% | 5.73% |
|---|---|---|---|
| Beta | 0.62% | 0.81% | 0.50% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.57% | 0.62% | 0.38% |
| Sharpe | -0.39% | 0.08% | 0.15% |
| Sortino | -0.43% | -0.03% | -0.12% |
| Treynor | -0.04% | 0.01% | 0.02% |
| Tax Efficiency | - | 18.12% | 16.79% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.20% | 5.77% | 7.37% | 5.73% |
| Beta | 0.35% | 0.62% | 0.81% | 0.50% |
| Alpha | 0.06% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.08% | 0.57% | 0.62% | 0.38% |
| Sharpe | 1.62% | -0.39% | 0.08% | 0.15% |
| Sortino | 6.10% | -0.43% | -0.03% | -0.12% |
| Treynor | 0.20% | -0.04% | 0.01% | 0.02% |
| Tax Efficiency | 81.78% | - | 18.12% | 16.79% |
| 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) | $407 |
| 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.
| Name | Start Date |
|---|---|
| I.G. Investment Management, Ltd. | 12-09-2002 |
| Konstantin Boehmer | 02-02-2021 |
| Dan Cooper | 02-02-2021 |
| Movin Mokbel | 02-02-2021 |
| Felix Wong | 02-02-2021 |
| Ken Yip | 08-28-2024 |
| 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 |
| 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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