September 30, 2026
A Canadian interest-income fund that aims to provde shorter-term growth with reduced volatility.
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 short-term Canadian fixed-income securities issued by governments and corporations, with some exposure to foreign fixed-income securities.
- You're comfortable with a low level of risk.
RISK RATING
How is the fund invested? (as of September 30, 2026)
| Name | Percent |
|---|---|
| Domestic Bonds | 95.3 |
| Cash and Equivalents | 3.9 |
| Foreign Bonds | 0.6 |
| Canadian Equity | 0.1 |
| Other | 0.1 |
| Name | Percent |
|---|---|
| Canada | 99.3 |
| United States | 0.6 |
| Other | 0.1 |
| Name | Percent |
|---|---|
| Fixed Income | 95.9 |
| Cash and Cash Equivalent | 3.9 |
| Financial Services | 0.1 |
| Other | 0.1 |
Growth of $10,000 (since inception)
For the period 07/09/2018 through 09/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $11,608
Fund details
| Top holdings | Percent (%) |
|---|---|
| Canada Government 3.00% 01-Sep-2031 | 11.2 |
| Quebec Province 2.30% 01-Sep-2029 | 6.9 |
| Ontario Province 1.35% 02-Dec-2030 | 4.2 |
| Cash and Cash Equivalents | 3.9 |
| Canada Government 3.50% 01-Sep-2029 | 3.6 |
| Alberta Province 2.05% 01-Jun-2030 | 3.5 |
| Canada Housing Trust No. 1 2.85% 12-15-2030 | 2.4 |
| Ontario Province 2.05% 02-Jun-2030 | 2.4 |
| Toronto-Dominion Bank 3.61% 10-Sep-2030 | 2.4 |
| Alberta Province 1.65% 01-Jun-2031 | 1.8 |
| Total allocation in top holdings | 42.3 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 2.16% |
| Dividend yield | 5.53% |
| Yield to maturity | 3.75% |
| Duration (years) | 2.92% |
| Coupon | 3.23% |
| Average credit rating | AA- |
| Average market cap (million) | $88,570.3 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| -0.60 | 0.06 | 0.05 | 0.23 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 4.23 | 1.62 | - | 1.83 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 3.22 | 5.27 | 4.76 | -4.30 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| -1.46 | 4.63 | 2.47 | - |
Range of returns over five years (August 01, 2018 - September 30, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 1.83% | Mar 2025 | 0.52% | Sep 2023 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 1.33% | 100 | 39 | 0 |
fundgrade A+ logo
Fund category
Canadian Short Term Fixed Income
Inception date
July 09, 2018
Management expense ratio (MER)*
-
Fund management
Mackenzie Investments
Net assets (million)
-
Price
$11.61
Number of holdings
152
Minimum Investment
$100,000
Fund codes
FEL — CLGN040A
Contact information
Customer service centre
Toll free: 1-800-665-5758
Corporate website
Summary
For the period 07/09/2018 through 09/30/2026 with $10,000 CAD investment
Total returns performance
16.08%
Last price
$11.61 CAD
as of market close 09/30/2026
Value of $10,000 investment
$11,607.59 CAD
