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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

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

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NAVPS
(04-16-2024)
$13.13
Change
-$0.02 (-0.14%)

As at March 31, 2024

As at January 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): 6.62%

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 0.84% 3.55% 9.41% 3.55% 6.53% 3.86% 3.65% 8.46% 5.87% 5.77% 6.14% 6.66% 6.05% 7.61%
Benchmark 3.22% 4.61% 13.14% 4.61% 10.92% 3.03% 6.47% 12.42% 7.64% 7.62% 6.76% 7.65% 6.20% 6.37%
Category Average 1.89% 12.32% 12.32% 4.51% 10.27% 3.64% 5.44% 10.47% 6.12% 5.79% 5.14% 5.88% 4.79% 5.04%
Category Rank 336 / 376 350 / 375 369 / 374 350 / 375 355 / 372 191 / 369 330 / 360 320 / 334 227 / 328 194 / 306 84 / 280 99 / 268 68 / 257 22 / 237
Quartile Ranking 4 4 4 4 4 3 4 4 3 3 2 2 2 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.38% -2.38% 2.90% 0.02% -0.63% -2.85% -2.35% 5.32% 2.75% 0.22% 2.46% 0.84%
Benchmark 2.40% -4.11% 2.51% 1.67% -1.08% -3.16% -2.30% 6.66% 3.79% 0.07% 1.27% 3.22%

Best Monthly Return Since Inception

7.87% (April 2020)

Worst Monthly Return Since Inception

-8.37% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 18.26% 9.39% 6.71% 9.80% -2.10% 16.52% 9.90% 13.49% -10.71% 8.46%
Benchmark 10.25% -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48%
Category Average 8.24% -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70%
Quartile Ranking 1 1 4 1 1 2 1 4 4 3
Category Rank 8/ 231 11/ 257 238/ 265 30/ 277 23/ 306 92/ 326 59/ 334 272/ 360 303/ 368 266/ 372

Best Calendar Return (Last 10 years)

18.26% (2014)

Worst Calendar Return (Last 10 years)

-10.71% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 35.17
US Equity 15.77
Canadian Corporate Bonds 13.40
International Equity 11.40
Canadian Government Bonds 10.16
Other 14.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 27.91
Financial Services 12.58
Industrial Services 10.21
Cash and Cash Equivalent 9.71
Technology 7.74
Other 31.85

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.60
Europe 11.43
Latin America 0.96
Multi-National 0.01
Asia -0.02
Other 0.02

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 8.41
CAE Inc 3.45
Stantec Inc 3.39
Intact Financial Corp 3.32
Royal Bank of Canada 3.30
Accenture PLC Cl A 2.93
Aon PLC Cl A 2.90
Schneider Electric SE 2.81
Premium Brands Holdings Corp 2.67
Microsoft Corp 2.48

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. 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 10.24% 10.35% 8.89%
Beta 0.79% 0.74% 0.73%
Alpha -0.01% 0.00% 0.03%
Rsquared 0.73% 0.79% 0.68%
Sharpe 0.14% 0.42% 0.72%
Sortino 0.16% 0.47% 0.81%
Treynor 0.02% 0.06% 0.09%
Tax Efficiency 85.77% 87.58% 85.48%
Volatility Volatility rating is 5 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 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.56% 10.24% 10.35% 8.89%
Beta 0.72% 0.79% 0.74% 0.73%
Alpha -0.01% -0.01% 0.00% 0.03%
Rsquared 0.85% 0.73% 0.79% 0.68%
Sharpe 0.23% 0.14% 0.42% 0.72%
Sortino 0.75% 0.16% 0.47% 0.81%
Treynor 0.03% 0.02% 0.06% 0.09%
Tax Efficiency 92.05% 85.77% 87.58% 85.48%

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 Quarterly
Assets ($mil) $5,588

Fund Codes

FundServ Code Load Code Sales Status
MFC1644
MFC3197
MFC7034
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 Manager(s)

Name Start Date
Dina DeGeer 12-01-1996
Felix Wong 01-04-2010
Steve Locke 01-04-2010
David Arpin 12-31-2012
Movin Mokbel 09-30-2014
Dan Cooper 09-30-2014
Konstantin Boehmer 09-30-2014
Shah Khan 05-14-2019
Nelson Arruda 02-20-2020
Tyler Hewlett 02-03-2023
David Taylor 02-03-2023
Caroline Chan 02-03-2023

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor -
Auditor Deloitte & Touche LLP

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 Back
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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