A fixed-income fund that aims to provide income while limiting downside risk through primarily American investments.
Is this fund right for you?
- You want to protect your money from inflation while also protecting it from large swings in the market.
- You want to invest in higher-yielding fixed-income securities in North America.
- You're comfortable with a low to medium level of risk.
Risk Rating
How is the fund invested?
(as of July 31, 2024)
Asset allocation (%)
|
Name |
Percent |
|
Foreign Bonds |
65.9 |
|
Domestic Bonds |
20.2 |
|
Cash and Equivalents |
11.7 |
|
Canadian Equity |
1.8 |
|
US Equity |
0.5 |
|
International Equity |
0.1 |
|
Other |
-0.2 |
Geographic allocation (%)
|
Name |
Percent |
|
United States |
65.2 |
|
Canada |
28.3 |
|
Multi-National |
3.1 |
|
Europe |
1.7 |
|
Brazil |
0.7 |
|
Mexico |
0.3 |
|
Colombia |
0.2 |
|
South Africa |
0.2 |
|
Luxembourg |
0.1 |
|
Other |
0.2 |
Sector allocation (%)
|
Name |
Percent |
|
Fixed Income |
85.9 |
|
Cash and Cash Equivalent |
11.7 |
|
Consumer Goods |
0.5 |
|
Utilities |
0.5 |
|
Industrial Goods |
0.5 |
|
Financial Services |
0.3 |
|
Energy |
0.3 |
|
Consumer Services |
0.2 |
|
Telecommunications |
0.2 |
|
Other |
-0.1 |
Growth of $10,000
(since inception)
Data not available based on date of inception
Fund details
(as of July 31, 2024)
Top holdings |
% |
Cash and Cash Equivalents |
4.0 |
Mackenzie Global Sustainable High Yield Bond Fund Series R |
3.0 |
Mackenzie High Quality Floating Rate Fund Series R |
1.5 |
Keyera Corp 6.88% 13-Jun-2079 |
1.2 |
Inter Pipeline Ltd 6.88% 26-Mar-2079 |
1.1 |
Enbridge Inc 5.38% 27-Sep-2027 |
1.0 |
Videotron Ltd 3.63% 27-Sep-2024 |
1.0 |
TransCanada Trust 4.65% 18-May-2027 |
0.9 |
Northleaf Private Credit II LP MI 15 |
0.9 |
Enbridge Inc 8.75% 15-Oct-2033 |
0.8 |
Total allocation in top holdings |
15.4 |
Portfolio characteristics |
|
Standard deviation |
6.1% |
Yield to maturity |
7.1% |
Duration (years) |
4.2 |
Coupon |
5.5% |
Average credit rating |
BB+ |
Understanding returns
Annual compound returns (%)
1 MO |
3 MO |
YTD |
1 YR |
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3 YR |
5 YR |
10 YR |
INCEPTION |
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Calendar year returns (%)
2023 |
2022 |
2021 |
2020 |
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2019 |
2018 |
2017 |
2016 |
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Range of returns over five years
(August 1, 2013 - October 31, 2024)
Best return |
Best period end date |
Worst return |
Worst period end date |
7.0% |
Feb. 2021 |
0.6% |
Sept. 2022 |
Average return |
% of periods with positive returns |
Number of positive periods |
Number of negative periods |
3.1% |
100.0% |
75 |
0 |