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Mackenzie Diversified Alternatives Fund Series A
Misc - Inc&Real Property
|
NAVPS (05-13-2026) |
$12.16 |
|---|---|
| Change |
-$0.01
(-0.05%)
|
As at April 30, 2026
As at February 28, 2026
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Fund Returns
Inception Return (October 26, 2015): 3.63%
| 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 | 2.34% | 2.82% | 5.05% | 4.79% | 16.16% | 10.05% | 7.66% | 4.21% | 4.10% | 5.35% | 3.11% | 3.14% | 2.74% | 3.80% |
| Benchmark | 3.81% | 7.00% | 13.54% | 7.89% | 40.10% | 28.50% | 21.54% | 16.52% | 15.51% | 18.30% | 14.14% | 13.56% | 12.35% | 12.61% |
| Category Average | 0.90% | 1.31% | 1.95% | 1.97% | 5.64% | 4.23% | 3.56% | 2.89% | 3.65% | 4.52% | 3.73% | 3.84% | 3.66% | 3.74% |
| Category Rank | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.94% | 1.50% | 1.38% | 1.38% | 2.74% | 1.22% | 0.78% | -0.52% | 1.92% | 2.43% | -1.92% | 2.34% |
| Benchmark | 5.56% | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% |
Best Monthly Return Since Inception
4.64% (April 2020)
Worst Monthly Return Since Inception
-12.13% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.33% | 5.83% | -2.94% | 7.41% | -1.37% | 7.29% | -7.08% | 0.41% | 8.99% | 8.90% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | 1.46% | 4.39% | 0.91% | 7.57% | 1.50% | 10.36% | -0.98% | 2.53% | 4.40% | 3.23% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
8.99% (2024)
Worst Calendar Return (Last 10 years)
-7.08% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Government Bonds | 29.91 |
| International Equity | 17.32 |
| Cash and Equivalents | 13.65 |
| Foreign Corporate Bonds | 10.50 |
| US Equity | 8.95 |
| Other | 19.67 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 42.52 |
| Mutual Fund | 16.09 |
| Cash and Cash Equivalent | 13.65 |
| Energy | 4.27 |
| Basic Materials | 4.11 |
| Other | 19.36 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 56.46 |
| Asia | 10.69 |
| Latin America | 7.06 |
| Multi-National | 6.90 |
| Europe | 6.81 |
| Other | 12.08 |
Top Holdings
| Name | Percent |
|---|---|
| iShares JPMorgan USD EM Bond ETF (EMB) | 14.80 |
| Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP) | 9.99 |
| Mackenzie Global Resource Fund Series A | 8.42 |
| Cash and Cash Equivalents | 7.49 |
| Mackenzie Emerging Markets Small Cap Fund Series R | 6.02 |
| PICTON Market Neutral Alternative Fund Class F | 5.48 |
| iShares Global Infrastructure ETF (IGF) | 5.38 |
| Mackenzie GQE Emerging Markets Fund Series A | 5.20 |
| SPDR Bloomberg Emerging Markets Lcl Bnd ETF (EBND) | 4.60 |
| Mackenzie Global Macro Fund Series A | 4.40 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Diversified Alternatives Fund Series A
Median
Other - Misc - Inc&Real Property
3 Yr Annualized
| Standard Deviation | 4.90% | 6.37% | 7.07% |
|---|---|---|---|
| Beta | 0.33 | 0.43 | 0.46 |
| Alpha | 0.01 | -0.02 | -0.02 |
| Rsquared | 0.60% | 0.71% | 0.72% |
| Sharpe | 0.79 | 0.21 | 0.30 |
| Sortino | 1.40 | 0.25 | 0.17 |
| Treynor | 0.12 | 0.03 | 0.05 |
| Tax Efficiency | 90.35% | 83.44% | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.57% | 4.90% | 6.37% | 7.07% |
| Beta | 0.34 | 0.33 | 0.43 | 0.46 |
| Alpha | 0.03 | 0.01 | -0.02 | -0.02 |
| Rsquared | 0.64% | 0.60% | 0.71% | 0.72% |
| Sharpe | 2.79 | 0.79 | 0.21 | 0.30 |
| Sortino | 5.29 | 1.40 | 0.25 | 0.17 |
| Treynor | 0.38 | 0.12 | 0.03 | 0.05 |
| Tax Efficiency | 95.22% | 90.35% | 83.44% | - |
Fund Details
| Start Date | October 26, 2015 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $80 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC4855 | ||
| MFC4856 |
Investment Objectives
The Fund seeks to provide long-term capital appreciation and the potential for income by investing directly or indirectly, including through the use of derivatives, in a diversified portfolio of alternative asset classes, including real estate, infrastructure, currencies, non-traditional equity and fixed-income, and/or other asset classes of issuers located anywhere in the world.
Investment Strategy
The portfolio manager uses proprietary quantitative models to allocate across alternative asset classes, which may also include the following: micro-cap equities, event-driven debt, real-return bonds, asset-backed securities, loan syndicates, commodities, high-yield debt and emerging-markets equities. The Fund may invest directly in foreign currencies or may gain exposure to foreign currencies through derivatives use.
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 |
- |
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 | 2.52% |
|---|---|
| Management Fee | 1.85% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | 5.50% |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | 1.00% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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