January 31, 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 January 31, 2026)
| Name | Percent |
|---|---|
| Domestic Bonds | 94.2 |
| Cash and Equivalents | 4.9 |
| Foreign Bonds | 0.8 |
| Canadian Equity | 0.1 |
| Name | Percent |
|---|---|
| Canada | 99.1 |
| United States | 0.8 |
| Other | 0.1 |
| Name | Percent |
|---|---|
| Fixed Income | 95.1 |
| Cash and Cash Equivalent | 4.9 |
| Financial Services | 0.1 |
| Other | -0.1 |
Growth of $10,000 (since inception)
For the period 07/08/2013 through 01/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $11,043
Fund details (as of January 31, 2026)
| Top holdings | Percent (%) |
|---|---|
| Quebec Province 2.30% 01-Sep-2029 | 6.7 |
| Canada Government 3.50% 01-Sep-2029 | 4.8 |
| Ontario Province 1.35% 02-Dec-2030 | 4.8 |
| Alberta Province 2.05% 01-Jun-2030 | 3.4 |
| Cash and Cash Equivalents | 2.9 |
| Ontario Province 2.05% 02-Jun-2030 | 2.3 |
| Toronto-Dominion Bank 3.61% 10-Sep-2030 | 2.2 |
| TransCanada Trust 4.65% 18-May-2027 | 2.2 |
| Sun Life Financial Inc 2.80% 21-Nov-2028 | 2.1 |
| Ontario Province 2.15% 02-Jun-2031 | 2.0 |
| Total allocation in top holdings | 33.4 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 2.17% |
| Dividend yield | 5.47% |
| Yield to maturity | 3.13% |
| Duration (years) | 2.87% |
| Coupon | 3.44% |
| Average credit rating | A+ |
| Average market cap (million) | $106,133.5 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| 0.37 | 1.52 | 0.37 | 2.06 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 3.38 | 0.75 | 0.77 | 0.79 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 2.49 | 4.51 | 3.97 | -5.03 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| -2.21 | 3.88 | 1.72 | 0.09 |
Range of returns over five years (August 01, 2013 - January 31, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 1.07% | Mar 2025 | -0.55% | Oct 2022 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 0.27% | 70 | 64 | 27 |
fundgrade A+ logo
Fund category
Canadian Short Term Fixed Income
Inception date
July 08, 2013
Management expense ratio (MER)*
1.92%
(December 31, 2024)
Fund management
Mackenzie Investments
Net assets (million)
$2.3
Price
$11.04
Number of holdings
137
Minimum Investment
$500
Fund codes
FEL — CLGM040I
Contact information
Customer service centre
Toll free: 1-800-665-5758
Corporate website
Summary
For the period 07/08/2013 through 01/31/2026 with $10,000 CAD investment
Total returns performance
10.43%
Last price
$11.04 CAD
as of market close 01/31/2026
Value of $10,000 investment
$11,043.07 CAD
