IG Mackenzie Mortgage and Short Term Income Fund
Managed by I.G. Investment Management, Ltd. (IG Wealth Management)
Data as of: March 31, 2026 · View latest fund facts
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.
AUM
$1.6B CAD
2025 return
4.2%
Management fee
0.44%
2024 return
6.4%
About IG Mackenzie Mortgage and Short Term Income 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.
The fund reports approximately $1.6B CAD in assets.
The latest annual return declined from 6.4% in 2024 to 4.2% in 2025.
The portfolio is concentrated in Residential mortgages.
The portfolio is diversified across Ontario and Quebec.
At a glance
| Assets under management (AUM) | $1.6B CAD |
| 2025 return | 4.2% |
| Property focus | Residential (100%) |
| Structure | Open-ended mutual fund trust |
IG Mackenzie Mortgage and Short Term Income Fund portfolio and 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% |
IG Mackenzie Mortgage and Short Term Income Fund facts
Fund structure
| Structure | Open-ended mutual fund trust |
| Manager | I.G. Investment Management, Ltd. (IG Wealth Management) |
| Series | B, C, F and JNL; Series P and S units were also outstanding at the fund level |
| Latest data | March 31, 2026 |
Mortgage portfolio
| Property focus | Residential |
| Leverage | No, the fund does not use leverage. This means the fund uses only investor capital, rather than borrowed money, to fund its mortgage portfolio. This avoids borrowing costs and reduces the additional risks associated with leverage. |
Fees
| Management fee | 0.44% |
| Performance fee | None disclosed |
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%.
Who can invest in IG Mackenzie Mortgage and Short Term Income Fund?
Investor access
The minimum investment amount for accredited investors is $50.
About I.G. Investment Management, Ltd. (IG Wealth Management)
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.
Frequently asked questions
It invests in residential mortgages.
The fund is managed by I.G. Investment Management, Ltd. (IG Wealth Management).
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