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Fund Price: $4.82 (as at April 17, 2014)  1-day chg: $-.018 -0.37%  YTD: 2.95%

Returns as at March 31, 2014

  Fund Group Avg Index*
1 Month 0.37% 0.21% 0.21%
3 Months 2.98% 2.68% 2.55%
6 Months 5.41% 5.13% 4.94%
1 Year 5.92% 4.14% 4.15%
2 Year Avg 7.72% 6.21% 6.31%
3 Year Avg 6.98% 5.65% 5.55%
4 Year Avg 7.90% 6.69% 6.37%
5 Year Avg 11.81% 10.41% 10.49%
10 Year Avg 6.13% 4.74% 4.67%
15 Year Avg - 4.84% 4.71%
20 Year Avg - 6.21% 5.31%
Since Inception 6.38% - -
 
2013 5.32% 3.17% 3.45%
2012 11.45% 10.81% 11.05%
2011 4.33% 2.98% 2.12%
 
3 year risk 4.24 5.23 4.41
3 year beta 0.90 0.95 1.00

*Globe High Yield Fixed Income Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe High Yield Fixed Income Peer Index.

Risk Measures as at March 31, 2014

Best/Worst 12 months (since inception)
Best (ending Dec 09): 29.50 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Dec 08): -17.13 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 4 High

Fund Objectives

The investment objective of the Fund is to achieve above-average income with the potential for capital growth by investing primarily in higher yielding Canadian corporate securities. The Fund may also invest in high dividend yielding equity and fixed income securities of Canadian and foreign companies. The Fund investments in higher yielding corporate bonds are expected to have a weighted average credit rating of "BB" or higher, as rated by Canadian Bond Rating Service or an equivalent bond rating service. The Fund may invest in Canadian and U.S. government securities and bonds, up to 25% in a combination of income trusts and high yielding equity securities, such as real estate investment trusts, sovereign debt of emerging countries. Fundamental analysis approach is used to identify, select and monitor investments.

Fund Facts

Fund Sponsor: Mackenzie Investments
Managed by: Mackenzie Investments
Fund Type: MF Trust
Inception Date: October 1999
Asset Class: High Yield Fixed Income
Quartile Rank: 2 (3YR ending March 31, 2014)
Total Assets: $1,714.3 million
Mgmt Exp. Ratio (MER): 1.73%
Management Fee: 1.35%
Load Type: Optional
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$100
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$100
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation December 31, 2013

Bond Type December 31, 2013

Bond Term December 31, 2013

Top Holdings as at December 31, 2013

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at April 17, 2014
1 Year Performance (%)
  OTHER ASSETS Other 1.29   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Bombardier Inc., 7.75%, MAR/15/20 Bond 1.21   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  CHC Helicopter, 9.25%, OCT/15/20 Bond 1.19   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Fairfax Financial Holdings, 7.50%, AUG/19/19 Bond 1.09   -1.67 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Viterra Inc., 5.95%, AUG/01/20 Bond 1.04   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Quebecor Media, 7.38%, JAN/15/21 Bond 1.02   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Videotron Ltd., 6.88%, JUL/15/21 Bond 1.02   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Domtar Corp., 10.75%, JUN/01/17 Bond 0.95   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Nova Chemicals Corp., 8.63%, NOV/01/19 Bond 0.93   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to April 17, 2014)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Apr 17, 2014 0.0011 0.0011 0.2264 4.818
Mar 21, 2014 0.0143 0.0143 0.2425 4.805
Feb 21, 2014 0.0185 0.0185 0.2512 4.784
Jan 24, 2014 0.0258 0.0258 0.2525 4.763
Dec 20, 2013 0.0203 0.0032 0.0235 0.2413 4.733
Nov 22, 2013 0.0227 0.0227 0.2836 4.735
Oct 18, 2013 0.0187 0.0019 0.0206 0.2869 4.722
Sep 20, 2013 0.0175 0.0175 0.2848 4.698
Aug 23, 2013 0.0222 0.0222 0.2847 4.657
Jul 19, 2013 0.0189 0.0014 0.0203 0.2845 4.717
Jun 21, 2013 0.0171 0.0171 0.2836 4.668
May 24, 2013 0.0228 0.0228 0.2918 4.808
Apr 19, 2013 0.0172 0.0172 0.2894 4.788
Mar 22, 2013 0.0230 0.0230 0.2923 4.783
Feb 15, 2013 0.0198 0.0198 0.2932 4.740
Jan 18, 2013 0.0146 0.0146 0.2906 4.759
Dec 21, 2012 0.0208 0.0450 0.0658 0.2946 4.731
Nov 23, 2012 0.0260 0.0260 0.2559 4.731
Oct 19, 2012 0.0185 0.0185 0.2480 4.738

Portfolio Manager(s)

Paul Scanlon, MBA, CFA

Putnam Investments Inc.

Start Date: June, 2011

Fund Return: 6.81%

Paul Scanlon, is Co-head of Fixed Income at Putnam Investments. Paul has investment experience since 1986 and joined Putnam in 1999.

Also manages:GWL NA High Yield Bnd (Put) 75/100, IG Putnam US Hi Yld Inc Srs C, Mackenzie Gl Dvsd Inc Sr T5, Mackenzie NA Corp Bd Cl Sr A, Mackenzie NA Corp Bd Sr A

View fund manager performance report

Norman Boucher, MBA,

Putnam Investments Inc.

Start Date: June, 2011

Fund Return: 6.81%

Norman Boucher is Portfolio Manager at Putnam Investments. He is responsible for managing the cyclical part of Putnam's high-yield portfolios. Norman has investment experience since 1985 and joined Putnam in 1998.

Also manages:GWL NA High Yield Bnd (Put) 75/100, Mackenzie Gl Dvsd Inc Sr T5, Mackenzie NA Corp Bd Cl Sr A, Mackenzie NA Corp Bd Sr A

View fund manager performance report

Bryan C. Krug

Waddell & Reed Investment Management Company

Start Date: June, 2011

Fund Return: 6.81%

Bryan Krug is Vice President, and Portfolio Manager for Waddell & Reed. Bryan joined Waddell & Reed in January 2001 as a high yield investment analyst. He was appointed assistant vice president and assistant portfolio manager in January 2004. He assumed responsibility for the Ivy High Income Fund in February 2006. His research responsibilities are concentrated in cable, media, leisure, and consumer-related industries. Prior to joining Waddell & Reed, he was a vice president of Pacholder Associates. Affiliated with Pacholder since June 1999; he was the primary analyst for a $60 million distressed portfolio. He manages a portion of the foreign exposure of the Mackenzie Sentinel Corporate Bond Fund. He graduated in May 1999 with a BS in finance from Miami University, Richard T. Farmer School of Business.

View fund manager performance report

Robert Salvin, MBA

Putnam Investments Inc.

Start Date: June, 2011

Fund Return: 6.81%

Robert Salvin is a Portfolio Manager on the Core Fixed Income High Yield team at Putnam. Robert has investment experience since 1986 and joined Putnam in 2000.

Also manages:GWL NA High Yield Bnd (Put) 75/100, Mackenzie Gl Dvsd Inc Sr T5, Mackenzie NA Corp Bd Cl Sr A, Mackenzie NA Corp Bd Sr A

View fund manager performance report

Kevin Murphy

Putnam Investments Inc.

Start Date: June, 2011

Fund Return: 6.81%

Kevin Murphy is Team Leader of High Grade Credit and Team Leader of Emerging Markets Debt at Putnam Investments. Kevin has investment experience since 1988 and has been with Putnam since 1999.

Also manages:GWL NA High Yield Bnd (Put) 75/100, Mackenzie Gl Dvsd Inc Sr T5, Mackenzie NA Corp Bd Cl Sr A, Mackenzie NA Corp Bd Sr A

View fund manager performance report