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Mackenzie Bluewater Canadian Growth Balanced Fund Series A

Canadian Equity Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

Click for more information on Fundata’s FundGrade

NAVPS
(03-14-2025)
$13.84
Change
$0.11 (0.83%)

As at February 28, 2025

As at December 31, 2024

Period
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Legend

Mackenzie Bluewater Canadian Growth Balanced Fund Series A

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Fund Returns

Inception Return (November 28, 1996): 6.75%

Fund Returns
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 0.69% 1.75% 6.83% 3.61% 10.59% 8.75% 5.80% 5.88% 6.81% 6.90% 6.36% 6.76% 7.46% 6.44%
Benchmark -0.02% 0.21% 8.75% 2.87% 18.88% 13.23% 7.72% 9.29% 9.70% 9.10% 8.69% 7.92% 8.95% 6.90%
Category Average -0.12% 0.54% 6.44% 2.58% 12.93% 10.76% 6.32% 7.59% 7.86% 7.13% 6.42% 5.93% 6.89% 5.27%
Category Rank 54 / 374 73 / 373 212 / 373 60 / 374 339 / 370 330 / 367 275 / 363 323 / 355 301 / 329 245 / 323 212 / 301 102 / 275 128 / 261 79 / 251
Quartile Ranking 1 1 3 1 4 4 4 4 4 4 3 2 2 2

Monthly Return

Monthly Return
Return % Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Fund 0.84% -2.86% 1.56% 1.53% 2.75% -0.25% 1.75% -0.35% 3.54% -1.79% 2.90% 0.69%
Benchmark 3.22% -1.85% 2.08% -0.32% 4.94% 1.05% 2.82% 0.37% 5.15% -2.58% 2.89% -0.02%

Best Monthly Return Since Inception

7.87% (April 2020)

Worst Monthly Return Since Inception

-8.37% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 9.39% 6.71% 9.80% -2.10% 16.52% 9.90% 13.49% -10.71% 8.46% 9.61%
Benchmark -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48% 17.11%
Category Average -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70% 12.92%
Quartile Ranking 1 4 1 1 2 1 4 4 3 4
Category Rank 11/ 251 233/ 260 33/ 272 23/ 301 95/ 321 61/ 329 271/ 355 298/ 363 263/ 367 358/ 369

Best Calendar Return (Last 10 years)

16.52% (2019)

Worst Calendar Return (Last 10 years)

-10.71% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 35.74
US Equity 19.68
Canadian Corporate Bonds 14.88
International Equity 11.02
Canadian Government Bonds 10.98
Other 7.70

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 30.35
Financial Services 19.86
Technology 11.81
Industrial Services 9.01
Consumer Services 6.63
Other 22.34

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.87
Europe 11.15
Asia 1.07
Multi-National 0.76
Latin America 0.10
Other 0.05

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 3.61
Brookfield Asset Management Ltd Cl A 3.24
Stantec Inc 3.14
Aon PLC Cl A 2.98
Intact Financial Corp 2.65
Microsoft Corp 2.62
Loblaw Cos Ltd 2.56
Roper Technologies Inc 2.27
Waste Connections Inc 2.19
TMX Group Ltd 2.17

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Mackenzie Bluewater Canadian Growth Balanced Fund Series A

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 9.59% 10.37% 8.82%
Beta 0.75% 0.73% 0.73%
Alpha 0.00% 0.00% 0.01%
Rsquared 0.82% 0.79% 0.71%
Sharpe 0.24% 0.46% 0.56%
Sortino 0.51% 0.60% 0.61%
Treynor 0.03% 0.07% 0.07%
Tax Efficiency 92.23% 89.59% 87.00%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.62% 9.59% 10.37% 8.82%
Beta 0.67% 0.75% 0.73% 0.73%
Alpha -0.02% 0.00% 0.00% 0.01%
Rsquared 0.75% 0.82% 0.79% 0.71%
Sharpe 0.94% 0.24% 0.46% 0.56%
Sortino 1.92% 0.51% 0.60% 0.61%
Treynor 0.09% 0.03% 0.07% 0.07%
Tax Efficiency 93.02% 92.23% 89.59% 87.00%

Fund Details

Start Date November 28, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $5,366

Fund Codes

FundServ Code Load Code Sales Status
MFC1644
MFC3197
MFC724
MFC824

Investment Objectives

The Fund pursues long-term capital growth consistent with reasonable safety of capital and a steady flow of current income. The Fund invests mainly in a combination of Canadian fixed-income securities, equity securities and securities convertible into equity and fixed-income securities.

Investment Strategy

The Fund’s asset mix will generally be kept within the following ranges: 60-90% equity securities; 10-40% fixed-income securities, including cash and cash equivalents. The asset allocation portfolio manager will adjust the percentage of the Fund invested in each asset class based on changes in the market outlook for each asset class. The equity portfolio manager employs a company-focused investing style, seeking companies with strong management, good growth prospects & a solid financial position

Portfolio Management

Portfolio Manager

Mackenzie Financial Corporation

  • Dina DeGeer
  • Steve Locke
  • Felix Wong
  • David Arpin
  • Dan Cooper
  • Movin Mokbel
  • Konstantin Boehmer
  • Shah Khan
  • Nelson Arruda
  • Caroline Chan
  • Tyler Hewlett
  • David Taylor
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 0

Fees

MER 2.30%
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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