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Mackenzie North American Corporate Bond Fund Series A

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
(01-22-2025)
$9.62
Change
$0.00 (0.01%)

As at December 31, 2024

As at October 31, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
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Legend

Mackenzie North American Corporate Bond Fund Series A

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Fund Returns

Inception Return (June 18, 2009): 4.36%

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 -0.07% 0.79% 4.66% 7.34% 7.34% 7.51% 0.90% 1.25% 2.05% 3.57% 2.21% 2.52% 3.65% 2.63%
Benchmark 2.08% 5.25% 9.99% 17.23% 17.23% 13.74% 6.39% 4.89% 5.14% 5.61% 5.57% 5.24% 5.84% 6.72%
Category Average -0.34% 0.42% 4.45% 7.12% 7.12% 7.85% 1.54% 1.95% 2.63% 3.74% 2.80% 3.12% 3.82% 3.15%
Category Rank 163 / 303 167 / 303 171 / 302 177 / 301 177 / 301 229 / 295 234 / 286 229 / 277 215 / 272 194 / 262 193 / 237 180 / 226 155 / 198 154 / 182
Quartile Ranking 3 3 3 3 3 4 4 4 4 3 4 4 4 4

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.7348 to 2.9503.
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Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.56% -0.08% 1.01% -0.73% 1.04% 0.75% 1.84% 0.90% 1.05% -0.11% 0.98% -0.07%
Benchmark 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08%

Best Monthly Return Since Inception

4.49% (March 2016)

Worst Monthly Return Since Inception

-9.03% (March 2020)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -11.135243 to 17.230188.
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Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -6.06% 13.10% 4.76% -5.60% 11.50% 5.34% 2.30% -11.14% 7.68% 7.34%
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 4 2 3 4 2 2 4 4 4 3
Category Rank 169/ 182 81/ 198 117/ 226 228/ 237 96/ 262 130/ 272 218/ 277 229/ 286 232/ 295 177/ 301

Best Calendar Return (Last 10 years)

13.10% (2016)

Worst Calendar Return (Last 10 years)

-11.14% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 58.04
Canadian Corporate Bonds 16.35
Cash and Equivalents 16.04
Foreign Bonds - Funds 3.01
Canadian Equity 1.53
Other 5.03

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 81.84
Cash and Cash Equivalent 16.04
Consumer Goods 0.46
Utilities 0.44
Industrial Goods 0.43
Other 0.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.90
Multi-National 3.03
Europe 1.52
Latin America 1.16
Africa and Middle East 0.26
Other 0.13

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 9.24
Mackenzie Global Sustainable High Yield Bond Fund Series R 3.01
Mackenzie Global High Yield Fixed Incom ETF (MHYB) 1.80
Mackenzie High Quality Floating Rate Fund Series R 1.47
Videotron Ltd 3.63% 01-Feb-2025 0.99
Keyera Corp 6.88% 13-Jun-2079 0.94
Northleaf Private Credit II LP MI 15 0.91
Inter Pipeline Ltd 6.88% 26-Mar-2079 0.90
TransCanada Trust 4.65% 18-May-2027 0.82
Enbridge Inc 8.75% 15-Oct-2033 0.79

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 0.6551 to 13.5181.
The chart has 1 Y axis displaying Return. Data ranges from -4.485139 to 10.324205.
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Mackenzie North American Corporate Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 6.07% 6.91% 6.12%
Beta 0.71% 0.77% 0.46%
Alpha -0.03% -0.02% 0.00%
Rsquared 0.62% 0.66% 0.28%
Sharpe -0.42% -0.01% 0.19%
Sortino -0.42% -0.13% -0.04%
Treynor -0.04% 0.00% 0.03%
Tax Efficiency - 16.56% 33.70%
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 2.47% 6.07% 6.91% 6.12%
Beta 0.03% 0.71% 0.77% 0.46%
Alpha 0.07% -0.03% -0.02% 0.00%
Rsquared 0.00% 0.62% 0.66% 0.28%
Sharpe 1.12% -0.42% -0.01% 0.19%
Sortino 3.61% -0.42% -0.13% -0.04%
Treynor 0.87% -0.04% 0.00% 0.03%
Tax Efficiency 75.36% - 16.56% 33.70%

Fund Details

Start Date June 18, 2009
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $967

Fund Codes

FundServ Code Load Code Sales Status
MFC2979
MFC3683
MFC4214

Investment Objectives

The Fund seeks to generate above-average income with potential for long-term capital growth by investing primarily in higher yielding fixed-income securities of corporate issuers.

Investment Strategy

The Fund will generally invest more than 40% of its assets in fixed income securities that have a credit rating below “BBB-” as rated by a recognized credit rating organization and may invest in unrated debt instruments. Where securities have a lower credit qualify, a bottom-up approach including an analysis of business, cash flows and recovery value will also be sued to value the opportunity.

Portfolio Manager(s)

Name Start Date
Movin Mokbel 02-20-2020
Steve Locke 02-20-2020
Konstantin Boehmer 02-20-2020
Dan Cooper 02-20-2020

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor -
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 0

Fees

MER 1.86%
Management Fee 1.45%
Load Choice of Front or No Load
FE Max -
DSC Max 5.50%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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