IG Mackenzie Mortgage and Short Term Income Fund
Open-ended mutual fund trust · Residential
Managed by I.G. Investment Management, Ltd. (IG Wealth Management)
Data as of: March 31, 2026
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
About the fund
The IG Mackenzie Mortgage and Short Term Income Fund is an open-ended mutual fund trust that combines short-term fixed-income investments with a directly held portfolio of Canadian residential mortgages. As of March 31, 2026, it held 7,024 mortgages with a fair value of $1.577 billion, representing 44.5% of the fund's $3.544 billion total net assets. The mortgage portfolio consisted primarily of conventional mortgages on single-family homes and condominiums.
At a glance
| Assets under management (AUM) | $1.6B CAD |
| 2025 return | 4.2% |
| Property focus | Residential (100%) |
| Structure | Open-ended mutual fund trust |
Portfolio & performance
The portfolio is composed of residential mortgages (100%).
| Property Type | Share (%) |
| Residential | 100% |
IG Mackenzie Mortgage and Short Term Income Fund has a focus on Ontario, with 41.4% of its mortgages located in Ontario, followed by Quebec (26.3%), BC (9.3%), Alberta (9%), MB (5.1%), Atlantic Canada (4.9%), SK (3.8%).
| Province/Region | Share (%) |
| Ontario | 41.4% |
| Quebec | 26.3% |
| BC | 9.3% |
| Alberta | 9% |
| SK | 3.8% |
| MB | 5.1% |
| Atlantic Canada | 4.9% |
IG Mackenzie Mortgage and Short Term Income Fund returns
| Calendar year | Net return |
| 2023 | 5.5% |
| 2024 | 6.4% |
| 2025 | 4.2% |
Fund facts
| Structure | Open-ended mutual fund trust |
| Management fee | 0.44% |
| Leverage | Unleveraged |
| Series/classes | B, C, F and JNL; Series P and S units were also outstanding at the fund level |
| Latest data | March 31, 2026 |
Additional fund details
The AUM shown represents the fair value of the fund’s directly held mortgage portfolio. Total fund net assets were $3.54 billion, with mortgages accounting for 44.5% of NAV. The fund held 7,024 mortgages, including 88.1% secured by single-family homes, 11.9% by condominiums and less than 0.1% by multi-unit residential properties with up to eight units. Approximately 98.5% of the mortgages were uninsured conventional loans, 0.8% were NHA-insured and 0.7% were privately insured. Yukon and the territories represented a further 0.2% of the mortgage portfolio. The mortgages are directly originated and serviced by the manager rather than held through mortgage funds or mortgage-backed securities. For Series F, the management fee is 0.20% and the management expense ratio is 0.44%.
Investor access
Investor access
The minimum investment amount for accredited investors is $50.
About the manager
I.G. Investment Management, Ltd. is the investment fund manager within IG Wealth Management, part of IGM Financial. It manages mutual funds and investment portfolios for Canadian investors. I.G. Investment Management manages the fund, with Mackenzie Financial Corporation acting as subadvisor.
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.