Join Fund Library now and get free access to personalized features to help you manage your investments.
Floating Rate Loan
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (12-20-2024) |
$8.39 |
|---|---|
| Change |
$0.00
(-0.01%)
|
As at November 30, 2024
As at September 30, 2024
Loading...
Inception Return (December 09, 2019): 2.74%
| 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 | 0.94% | 2.31% | 3.53% | 7.60% | 9.06% | 8.73% | 3.64% | 3.87% | - | - | - | - | - | - |
| Benchmark | -1.53% | 1.06% | 3.62% | 9.47% | 9.24% | 14.01% | 7.55% | 5.57% | 5.25% | 5.03% | 3.96% | 4.62% | 5.07% | 5.13% |
| Category Average | 0.95% | 2.15% | 3.50% | 6.47% | 7.88% | 8.21% | 3.99% | 4.18% | 3.36% | 3.29% | 3.20% | 3.40% | 3.65% | 3.28% |
| Category Rank | 47 / 78 | 42 / 78 | 53 / 78 | 48 / 78 | 48 / 78 | 54 / 77 | 60 / 76 | 59 / 76 | - | - | - | - | - | - |
| Quartile Ranking | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | - | - | - | - | - | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.36% | 1.11% | 0.80% | 0.64% | 0.38% | 0.94% | 0.38% | 0.62% | 0.19% | 0.33% | 1.03% | 0.94% |
| Benchmark | -0.20% | 1.33% | 1.50% | 0.28% | 0.84% | 1.58% | -0.30% | 2.37% | 0.46% | 1.62% | 0.99% | -1.53% |
2.96% (January 2023)
-12.97% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | -1.57% | 3.77% | -6.02% | 10.04% |
| Benchmark | 1.85% | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% |
| Category Average | 3.44% | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% |
| Quartile Ranking | - | - | - | - | - | - | 4 | 3 | 4 | 3 |
| Category Rank | - | - | - | - | - | - | 72/ 76 | 50/ 76 | 70/ 76 | 45/ 77 |
10.04% (2023)
-6.02% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 89.37 |
| Cash and Equivalents | 4.64 |
| Canadian Government Bonds | 2.13 |
| Foreign Bonds - Other | 1.40 |
| Canadian Corporate Bonds | 0.80 |
| Other | 1.66 |
| Name | Percent |
|---|---|
| Fixed Income | 94.32 |
| Cash and Cash Equivalent | 4.64 |
| Consumer Goods | 0.28 |
| Industrial Goods | 0.22 |
| Utilities | 0.20 |
| Other | 0.34 |
| Name | Percent |
|---|---|
| North America | 95.69 |
| Europe | 4.18 |
| Multi-National | 0.04 |
| Latin America | 0.03 |
| Other | 0.06 |
| Name | Percent |
|---|---|
| Canada Housing Trust No 1 4.79% 15-Sep-2026 | 2.13 |
| Cash and Cash Equivalents | 2.01 |
| Allied Universal Holdco LLC Term Loan B 1st Lien F/R | 1.37 |
| Timber Servicios Empresariales SA Term Loan B 1st Lien F/R | 1.36 |
| KP Germany Erste GmbH Term Loan B 1st Lien F/R 04-Feb-2026 | 1.26 |
| Upfield USA Corp. Term Loan B7 1st Lien Sr F/R 03-Jan-2028 | 1.24 |
| Indy US Holdco LLC Term Loan B 1st Lien Sr F/R 06-Mar-2028 | 1.23 |
| OpenMarket Inc. Term Loan 1st Lien 17-Sep-2026 | 1.22 |
| Northleaf Private Credit II LP MI 15 | 1.21 |
| CAD Currency Forward | 1.12 |
Mackenzie Floating Rate Income Fund Series LB
Median
Other - Floating Rate Loan
| Standard Deviation | 3.68% | - | - |
|---|---|---|---|
| Beta | 0.22% | - | - |
| Alpha | 0.02% | - | - |
| Rsquared | 0.19% | - | - |
| Sharpe | 0.03% | - | - |
| Sortino | 0.23% | - | - |
| Treynor | 0.00% | - | - |
| Tax Efficiency | 17.11% | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.25% | 3.68% | - | - |
| Beta | -0.04% | 0.22% | - | - |
| Alpha | 0.09% | 0.02% | - | - |
| Rsquared | 0.02% | 0.19% | - | - |
| Sharpe | 3.35% | 0.03% | - | - |
| Sortino | - | 0.23% | - | - |
| Treynor | -0.96% | 0.00% | - | - |
| Tax Efficiency | 58.24% | 17.11% | - | - |
| Start Date | December 09, 2019 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $454 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC8047 |
The Fund seeks to generate current income. The Fund invests primarily in floating rate debt obligations and other floating rate debt instruments of issuers located anywhere in the world. 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 may invest in floating rate debt instruments of issuers rated below investment grade, which are those with a credit rating of below “BBB-” as rated by a recognized credit rating organization. These instruments may include senior loans which have seniority in a company’s structure with the loans generally secured against the issuing company’s assets or other collateral.
| Name | Start Date |
|---|---|
| Felix Wong | 12-09-2019 |
| Steve Locke | 12-09-2019 |
| Dan Cooper | 12-09-2019 |
| Movin Mokbel | 12-09-2019 |
| 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 LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.67% |
|---|---|
| Management Fee | 1.25% |
| 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) | - |
Join Fund Library now and get free access to personalized features to help you manage your investments.
Fund Library
