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High Yield Fixed Income
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2013, 2012
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|
NAVPS (12-20-2024) |
$8.99 |
|---|---|
| Change |
$0.00
(0.00%)
|
As at November 30, 2024
As at September 30, 2024
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Inception Return (January 19, 2012): 3.57%
| 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 | 1.06% | 2.22% | 5.41% | 8.09% | 10.69% | 8.10% | 2.01% | 2.63% | 3.15% | 3.69% | 2.91% | 3.18% | 3.53% | 2.77% |
| Benchmark | 0.82% | 5.17% | 9.67% | 14.84% | 15.87% | 12.91% | 5.71% | 4.51% | 4.92% | 5.53% | 4.90% | 5.16% | 5.85% | 6.42% |
| Category Average | 1.12% | 2.01% | 5.52% | 7.49% | 10.61% | 7.81% | 1.98% | 2.44% | 2.94% | 3.57% | 2.87% | 3.33% | 3.63% | 3.03% |
| Category Rank | 173 / 304 | 131 / 304 | 194 / 302 | 140 / 302 | 180 / 302 | 186 / 296 | 196 / 287 | 175 / 278 | 160 / 272 | 162 / 260 | 147 / 237 | 156 / 225 | 151 / 199 | 148 / 183 |
| Quartile Ranking | 3 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.40% | 0.96% | 0.19% | 1.04% | -0.57% | 0.92% | 0.64% | 1.75% | 0.70% | 0.96% | 0.19% | 1.06% |
| Benchmark | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% |
4.35% (March 2016)
-8.22% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.14% | -4.50% | 11.01% | 3.73% | -3.21% | 9.07% | 5.72% | 3.74% | -9.83% | 8.21% |
| 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 | 4 | 3 | 3 | 4 | 3 | 3 | 2 | 3 | 3 | 3 |
| Category Rank | 161/ 171 | 130/ 183 | 131/ 199 | 175/ 227 | 155/ 238 | 170/ 263 | 116/ 273 | 148/ 278 | 148/ 287 | 206/ 296 |
11.01% (2016)
-9.83% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 51.26 |
| Canadian Corporate Bonds | 25.58 |
| Cash and Equivalents | 15.96 |
| Canadian Equity | 2.60 |
| Foreign Bonds - Other | 1.64 |
| Other | 2.96 |
| Name | Percent |
|---|---|
| Fixed Income | 80.57 |
| Cash and Cash Equivalent | 15.97 |
| Utilities | 0.93 |
| Consumer Goods | 0.63 |
| Industrial Goods | 0.51 |
| Other | 1.39 |
| Name | Percent |
|---|---|
| North America | 98.71 |
| Europe | 0.82 |
| Latin America | 0.31 |
| Other | 0.16 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalents | 5.51 |
| Parkland Corp 4.38% 26-Mar-2029 | 1.75 |
| Videotron Ltd 5.63% 15-Mar-2025 | 1.69 |
| Videotron Ltd 3.63% 01-Jan-2025 | 1.65 |
| Superior Plus LP 4.25% 18-May-2028 | 1.55 |
| Mackenzie High Quality Floating Rate Fund Series R | 1.48 |
| Parkland Corp 4.50% 01-Oct-2029 | 1.43 |
| Keyera Corp 6.88% 13-Jun-2079 | 1.42 |
| Inter Pipeline Ltd 6.88% 26-Mar-2079 | 1.32 |
| TransCanada Trust 4.65% 18-May-2027 | 1.30 |
Mackenzie Corporate Bond Fund Series LB
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.29% | 6.16% | 5.36% |
|---|---|---|---|
| Beta | 0.63% | 0.68% | 0.40% |
| Alpha | -0.01% | 0.00% | 0.00% |
| Rsquared | 0.63% | 0.65% | 0.28% |
| Sharpe | -0.27% | 0.16% | 0.24% |
| Sortino | -0.22% | 0.06% | -0.03% |
| Treynor | -0.02% | 0.01% | 0.03% |
| Tax Efficiency | 3.73% | 44.34% | 35.95% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.62% | 5.29% | 6.16% | 5.36% |
| Beta | 0.08% | 0.63% | 0.68% | 0.40% |
| Alpha | 0.09% | -0.01% | 0.00% | 0.00% |
| Rsquared | 0.01% | 0.63% | 0.65% | 0.28% |
| Sharpe | 2.19% | -0.27% | 0.16% | 0.24% |
| Sortino | 8.73% | -0.22% | 0.06% | -0.03% |
| Treynor | 0.69% | -0.02% | 0.01% | 0.03% |
| Tax Efficiency | 81.74% | 3.73% | 44.34% | 35.95% |
| Start Date | January 19, 2012 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $359 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC4414 |
The Fund seeks above-average income with the potential for longterm growth of accumulated capital. The Fund invests primarily in higher yielding Canadian corporate securities (both equity and fixed-income securities). Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.
The Fund’s investments are generally expected to have a weighted average credit quality of “BB-” or higher, as rated by a recognized credit rating organization. The portfolio manager may vary the weighted average credit quality. The investment approach follows a fundamental analysis to select investments for the Fund, by reviewing the values of the Fund’s investments on an ongoing basis, paying particular attention to credit quality.
| Name | Start Date |
|---|---|
| Konstantin Boehmer | 02-20-2020 |
| Dan Cooper | 02-20-2020 |
| Steve Locke | 02-20-2020 |
| Movin Mokbel | 02-20-2020 |
| Fund Manager | Mackenzie Financial Corporation |
|---|---|
| Advisor | Mackenzie Financial Corporation |
| Custodian | Canadian Imperial Bank of Commerce |
| Registrar | Mackenzie Financial Corporation |
| Distributor | LBC Financial Services Inc. |
| Auditor | Deloitte & Touche LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.76% |
|---|---|
| Management Fee | 1.35% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.50% |
| Trailer Fee Max (LL) | - |
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