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Mackenzie Canadian Short Term Income Fund Series LB
Cdn Short Term Fixed Inc
Click for more information on Fundata’s FundGrade
FundGrade D
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|
NAVPS (05-13-2026) |
$9.56 |
|---|---|
| Change |
$0.00
(0.05%)
|
As at April 30, 2026
As at February 28, 2026
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Legend
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Fund Returns
Inception Return (January 25, 2012): 1.43%
| 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 | 0.05% | -0.36% | -0.17% | 0.05% | 1.74% | 4.26% | 3.55% | 2.74% | 1.07% | 1.33% | 1.35% | 1.49% | 1.26% | 1.53% |
| Benchmark | 0.04% | -0.11% | 0.29% | 0.34% | 2.39% | 4.89% | 4.19% | 3.56% | 1.99% | 1.93% | 2.24% | 2.42% | 2.06% | 2.04% |
| Category Average | 0.12% | -0.12% | 0.22% | 0.27% | 2.07% | 4.24% | 3.82% | 3.15% | 1.65% | 1.82% | 1.89% | 1.97% | 1.68% | 1.64% |
| Category Rank | 257 / 299 | 272 / 293 | 268 / 292 | 270 / 293 | 230 / 271 | 169 / 242 | 174 / 213 | 174 / 198 | 173 / 190 | 151 / 180 | 155 / 173 | 148 / 165 | 134 / 155 | 101 / 144 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.15% | 0.29% | -0.06% | 0.46% | 0.73% | 0.33% | 0.11% | -0.33% | 0.41% | 0.60% | -1.00% | 0.05% |
| Benchmark | 0.16% | 0.27% | -0.08% | 0.59% | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% |
Best Monthly Return Since Inception
1.94% (April 2020)
Worst Monthly Return Since Inception
-2.31% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.61% | 0.87% | 0.42% | 3.02% | 4.14% | -1.77% | -5.56% | 4.21% | 5.23% | 2.94% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | 1 | 2 | 4 | 2 | 3 | 4 | 4 | 4 | 3 | 4 |
| Category Rank | 17/ 142 | 38/ 146 | 145/ 162 | 83/ 169 | 134/ 179 | 161/ 185 | 184/ 194 | 176/ 206 | 155/ 224 | 216/ 261 |
Best Calendar Return (Last 10 years)
5.23% (2024)
Worst Calendar Return (Last 10 years)
-5.56% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 59.50 |
| Canadian Government Bonds | 32.81 |
| Foreign Corporate Bonds | 4.17 |
| Cash and Equivalents | 2.12 |
| Foreign Bonds - Funds | 0.84 |
| Other | 0.56 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 97.65 |
| Cash and Cash Equivalent | 2.12 |
| Utilities | 0.12 |
| Financial Services | 0.09 |
| Other | 0.02 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 95.84 |
| Europe | 3.05 |
| Multi-National | 0.84 |
| Asia | 0.09 |
| Latin America | 0.02 |
| Other | 0.16 |
Top Holdings
| Name | Percent |
|---|---|
| Quebec Province 2.30% 01-Sep-2029 | 7.33 |
| Alberta Province 2.05% 01-Jun-2030 | 4.11 |
| Canada Government 3.25% 01-Sep-2028 | 3.89 |
| Ontario Province 2.05% 02-Jun-2030 | 3.42 |
| Sun Life Financial Inc 2.80% 21-Nov-2028 | 3.34 |
| Ontario Province 1.35% 02-Dec-2030 | 2.39 |
| Toronto-Dominion Bank 3.61% 10-Sep-2030 | 2.28 |
| Canada Housing Trust No 1 1.10% 15-Dec-2026 | 2.15 |
| Choice Properties REIT 2.85% 21-May-2027 | 2.09 |
| Ontario Province 2.15% 02-Jun-2031 | 1.94 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Canadian Short Term Income Fund Series LB
Median
Other - Cdn Short Term Fixed Inc
3 Yr Annualized
| Standard Deviation | 2.25% | 2.53% | 2.24% |
|---|---|---|---|
| Beta | 1.08 | 1.02 | 1.01 |
| Alpha | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.98% | 0.94% | 0.78% |
| Sharpe | -0.05 | -0.70 | -0.16 |
| Sortino | 0.37 | -0.92 | -0.79 |
| Treynor | 0.00 | -0.02 | 0.00 |
| Tax Efficiency | 74.71% | 28.86% | 53.52% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.61% | 2.25% | 2.53% | 2.24% |
| Beta | 1.00 | 1.08 | 1.02 | 1.01 |
| Alpha | -0.01 | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.98% | 0.98% | 0.94% | 0.78% |
| Sharpe | -0.40 | -0.05 | -0.70 | -0.16 |
| Sortino | -0.87 | 0.37 | -0.92 | -0.79 |
| Treynor | -0.01 | 0.00 | -0.02 | 0.00 |
| Tax Efficiency | 45.44% | 74.71% | 28.86% | 53.52% |
Fund Details
| Start Date | January 25, 2012 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $342 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC4418 |
Investment Objectives
The Fund seeks to provide a steady flow of income with an emphasis on capital preservation by investing mainly in fixed-income securities issued in Canada by governments, government-related entities and corporations. The Fund will generally invest in high-quality fixedincome securities with relatively short terms to maturity.
Investment Strategy
The Fund’s investments are expected to have a weighted average credit quality of “BBB-” or higher, as rated by a recognized credit rating organization. The portfolio manager may vary the weighted average credit quality and the Fund may invest in bonds that are below investment grade. In order to limit price volatility, the Fund will limit the weighted average term to maturity of its investments to five years or less.
Portfolio Management
| Portfolio Manager |
Mackenzie Financial Corporation
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Mackenzie Financial Corporation |
|---|---|
| Custodian |
Canadian Imperial Bank of Commerce |
| Registrar |
Mackenzie Financial Corporation |
| Distributor |
LBC Financial Services Inc. |
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 | 100 |
Fees
| MER | 1.40% |
|---|---|
| Management Fee | 1.05% |
| 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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