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Mackenzie Bluewater Canadian Growth Fund Series A

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Canadian Focused Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

Click for more information on Fundata’s FundGrade

NAVPS
(05-22-2025) 		$50.15
Change
$0.05 (0.10%)

As at April 30, 2025

As at February 28, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 1992Jan 1…Jan 1994Jan 1996Jan 1998Jan 2000Jan 2002Jan 2004Jan 2006Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jan 1995Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020$10,000$60,000$110,000$160,000-$40,000$210,000$9,000$11,000$12,000$13,000$14,000Period

Legend

Mackenzie Bluewater Canadian Growth Fund Series A

Compare Options

Fund Returns

Inception Return (January 31, 1976): 9.67%

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 -0.54% -3.49% 2.43% 0.19% 10.30% 7.85% 8.44% 5.54% 9.76% 7.91% 7.97% 8.09% 9.47% 8.78%
Benchmark -1.16% -4.29% 2.54% -0.84% 15.15% 13.27% 10.04% 9.01% 13.15% 9.60% 9.47% 8.77% 9.73% 8.20%
Category Average -1.25% -5.20% 1.07% -1.83% 11.14% 11.10% 8.82% 7.51% 12.10% 8.69% 8.20% 7.48% 8.25% 6.77%
Category Rank 156 / 576 124 / 576 163 / 576 112 / 576 387 / 572 495 / 567 360 / 556 463 / 545 493 / 531 393 / 528 354 / 487 254 / 450 194 / 413 139 / 385
Quartile Ranking 2 1 2 1 3 4 3 4 4 3 3 3 2 2

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.42% 1.89% 3.18% -0.59% 1.77% -0.18% 4.63% -2.29% 3.81% 0.62% -3.56% -0.54%
Benchmark 2.82% -0.17% 4.75% 0.75% 2.88% 0.77% 5.65% -2.12% 3.61% -0.67% -2.52% -1.16%

Best Monthly Return Since Inception

10.97% (January 1982)

Worst Monthly Return Since Inception

-16.61% (October 1987)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 13.78% 9.15% 14.20% -2.60% 21.58% 10.76% 22.46% -10.92% 10.00% 12.88%
Benchmark -0.77% 14.44% 10.80% -7.14% 21.45% 7.58% 21.76% -8.87% 13.60% 22.75%
Category Average -2.47% 11.42% 8.06% -8.78% 18.54% 7.73% 22.26% -9.42% 13.34% 19.16%
Quartile Ranking 1 4 1 1 2 2 3 3 4 4
Category Rank 9/ 376 355/ 409 89/ 432 80/ 482 190/ 517 187/ 531 306/ 539 326/ 552 438/ 563 524/ 570

Best Calendar Return (Last 10 years)

22.46% (2021)

Worst Calendar Return (Last 10 years)

-10.92% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 54.84
US Equity 30.13
International Equity 13.66
Cash and Equivalents 1.37

Sector Allocation

Sector Allocation
Name Percent
Financial Services 29.19
Industrial Services 15.86
Technology 14.41
Consumer Services 11.20
Healthcare 9.56
Other 19.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.34
Europe 13.67
Other -0.01

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 5.11
Stantec Inc 5.06
Aon PLC Cl A 4.26
Brookfield Asset Management Ltd Cl A 4.22
Intact Financial Corp 4.16
Roper Technologies Inc 3.77
TMX Group Ltd 3.61
Waste Connections Inc 3.58
Loblaw Cos Ltd 3.51
Thomson Reuters Corp 3.21

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return7891011121314151617181920-5%0%5%10%15%20%

Mackenzie Bluewater Canadian Growth Fund Series A

Median

Other - Canadian Focused Equity

3 Yr Annualized

Standard Deviation 11.87% 11.92% 11.71%
Beta 0.84% 0.87% 0.87%
Alpha 0.00% -0.01% 0.02%
Rsquared 0.81% 0.75% 0.78%
Sharpe 0.41% 0.64% 0.63%
Sortino 0.83% 0.96% 0.79%
Treynor 0.06% 0.09% 0.09%
Tax Efficiency 92.00% 91.77% 88.98%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.43% 11.87% 11.92% 11.71%
Beta 0.81% 0.84% 0.87% 0.87%
Alpha -0.02% 0.00% -0.01% 0.02%
Rsquared 0.81% 0.81% 0.75% 0.78%
Sharpe 0.77% 0.41% 0.64% 0.63%
Sortino 1.51% 0.83% 0.96% 0.79%
Treynor 0.08% 0.06% 0.09% 0.09%
Tax Efficiency 94.27% 92.00% 91.77% 88.98%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A73.1​73.148.5​48.50%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A60.4​60.451.7​51.70%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A67.3​67.344.7​44.70%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A68.5​68.544.8​44.80%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date January 31, 1976
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $4,973

Fund Codes

FundServ Code Load Code Sales Status
MFC1645
MFC274
MFC3198
MFC378
MFC474
MFC584
MFC640
MFC650
MFC961

Investment Objectives

The Fund invests mainly in Canadian equity securities issued by Canadian corporations to achieve long-term capital growth and provide a reasonable rate of return.

Investment Strategy

The investment approach follows a company-focused investment style, seeking companies with strong management, good growth prospects and a solid financial position. Emphasis is placed on paying reasonable prices for the free cash flow growth that companies in the portfolio are expected to achieve. Generally, the Fund will not invest more than 49% of its assets in foreign securities.

Portfolio Management

Portfolio Manager

Mackenzie Financial Corporation

  • Dina DeGeer
  • David Arpin
  • Shah Khan
  • 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 100

Fees

MER 2.47%
Management Fee 2.00%
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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