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IG Mackenzie Mutual of Canada Series C

Canadian Equity Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-21-2024)
$22.61
Change
$0.04 (0.16%)

As at April 30, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

IG Mackenzie Mutual of Canada Series C

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Fund Returns

Inception Return (February 28, 1964): 7.02%

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 -2.32% 2.25% 11.25% 2.43% 5.77% 4.04% 3.26% 8.00% 5.05% 5.36% 4.39% 5.20% 4.24% 4.58%
Benchmark -1.85% 2.59% 13.66% 2.67% 6.31% 4.45% 5.18% 9.50% 6.74% 7.09% 6.37% 7.04% 5.81% 5.97%
Category Average -2.40% 11.59% 11.59% 2.01% 5.86% 4.52% 3.98% 7.95% 5.13% 5.26% 4.60% 5.43% 4.48% 4.66%
Category Rank 174 / 365 125 / 365 275 / 363 194 / 364 211 / 361 246 / 358 251 / 349 199 / 323 207 / 320 185 / 296 196 / 277 195 / 257 193 / 246 167 / 226
Quartile Ranking 2 2 4 3 3 3 3 3 3 3 3 4 4 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.31% 2.64% 1.27% -0.94% -3.19% -1.35% 5.31% 3.13% 0.18% 2.24% 2.40% -2.32%
Benchmark -4.11% 2.51% 1.67% -1.08% -3.16% -2.30% 6.66% 3.79% 0.07% 1.27% 3.22% -1.85%

Best Monthly Return Since Inception

13.38% (January 1975)

Worst Monthly Return Since Inception

-15.19% (October 1987)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.42% -1.03% 10.14% 4.27% -7.08% 14.48% 5.35% 17.31% -10.15% 9.26%
Benchmark 10.25% -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48%
Category Average 8.24% -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70%
Quartile Ranking 2 3 3 4 3 3 3 2 4 3
Category Rank 92/ 220 163/ 246 132/ 254 229/ 266 195/ 295 213/ 315 176/ 323 113/ 349 274/ 357 206/ 361

Best Calendar Return (Last 10 years)

17.31% (2021)

Worst Calendar Return (Last 10 years)

-10.15% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 45.62
US Equity 19.58
Canadian Corporate Bonds 10.65
International Equity 8.71
Canadian Government Bonds 8.41
Other 7.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 22.73
Financial Services 18.41
Technology 9.31
Energy 8.55
Consumer Services 7.72
Other 33.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 90.70
Europe 4.97
Multi-National 1.97
Asia 1.29
Latin America 0.72
Other 0.35

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 3.13
Toronto-Dominion Bank 2.52
Canadian National Railway Co 1.94
Canadian Pacific Kansas City Ltd 1.93
iShares MSCI EAFE ETF (EFA) 1.74
Ontario Province 3.65% 02-Jun-2033 1.73
Mackenzie International Quantitative Large Cap Fund 1.64
Bank of Montreal 1.60
Microsoft Corp 1.49
Mackenzie International Dividend Fund Series A 1.41

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

IG Mackenzie Mutual of Canada Series C

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 10.46% 11.74% 9.43%
Beta 0.91% 0.92% 0.89%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.95% 0.96% 0.91%
Sharpe 0.09% 0.31% 0.37%
Sortino 0.10% 0.31% 0.28%
Treynor 0.01% 0.04% 0.04%
Tax Efficiency 57.10% 79.69% 70.68%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.55% 10.46% 11.74% 9.43%
Beta 0.84% 0.91% 0.92% 0.89%
Alpha 0.00% -0.01% -0.01% -0.01%
Rsquared 0.96% 0.95% 0.96% 0.91%
Sharpe 0.13% 0.09% 0.31% 0.37%
Sortino 0.51% 0.10% 0.31% 0.28%
Treynor 0.01% 0.01% 0.04% 0.04%
Tax Efficiency 77.84% 57.10% 79.69% 70.68%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date February 28, 1964
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Partially Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $1,533

Fund Codes

FundServ Code Load Code Sales Status
IGI078

Investment Objectives

The Fund aims to provide an above-average income yield and long-term capital growth by investing primarily in debt and equity investments of Canadian corporations involved in various industries.

Investment Strategy

The Fund is expected to maintain a relatively stable asset mix of primarily equities and some fixed income investments based on pre-established guidelines, but there is no restriction on the weighting that may be placed on any type of investments. Generally, the Fund will not invest more than 50% of its assets in foreign securities. The Fund may engage in Securities Lending, Repurchase and Reverse Repurchase Transactions, and use Derivatives.

Portfolio Manager(s)

Name Start Date
I.G. Investment Management, Ltd. 01-06-2020
Shah Khan 02-02-2021
Steve Locke 02-02-2021
Benoit Gervais 02-02-2021
Zi Jian (Richard) Zhu 09-29-2021
Konstantin Boehmer 08-30-2022
Katherine Owen 08-31-2023
Darren McKiernan 08-31-2023

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 2.85%
Management Fee 1.90%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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