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Mackenzie Bluewater Canadian Growth Fund Series A
Canadian Focused Equity
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FundGrade E
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade B
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FundGrade A+® Rating Recipient
2021, 2020, 2019, 2018, 2017
Click for more information on Fundata’s FundGrade
|
NAVPS (11-09-2026) |
$50.53 |
|---|---|
| Change |
$1.08
(2.19%)
|
As at October 31, 2026
As at August 31, 2026
As at September 30, 2026
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Legend
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Fund Returns
Inception Return (January 31, 1976): 9.45%
| 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 | 0.38% | 1.92% | 4.34% | -0.06% | -0.44% | 2.94% | 8.28% | 6.83% | 3.38% | 7.09% | 7.19% | 7.75% | 7.01% | 8.11% |
| Benchmark | -0.38% | 0.71% | 5.93% | 13.54% | 16.84% | 21.40% | 24.71% | 19.08% | 13.07% | 16.34% | 13.84% | 13.64% | 11.72% | 11.87% |
| Category Average | 1.26% | 1.48% | 6.60% | 12.19% | 14.79% | 16.30% | 19.86% | 15.63% | 10.44% | 14.21% | 11.96% | 11.48% | 9.73% | 9.91% |
| Category Rank | 318 / 589 | 264 / 589 | 432 / 586 | 572 / 584 | 580 / 584 | 550 / 554 | 544 / 548 | 537 / 541 | 520 / 529 | 516 / 520 | 504 / 517 | 483 / 500 | 453 / 473 | 389 / 421 |
| Quartile Ranking | 3 | 2 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.12% | -0.50% | -2.37% | 0.81% | -5.48% | 2.95% | 1.87% | 0.49% | 0.01% | 1.62% | -0.09% | 0.38% |
| Benchmark | 2.40% | 0.50% | 1.25% | 5.77% | -4.75% | 5.08% | 3.80% | 1.05% | 0.28% | 2.56% | -1.43% | -0.38% |
Best Monthly Return Since Inception
10.97% (January 1982)
Worst Monthly Return Since Inception
-16.61% (October 1987)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 9.15% | 14.20% | -2.60% | 21.58% | 10.76% | 22.46% | -10.92% | 10.00% | 12.88% | 3.71% |
| Benchmark | 14.44% | 10.80% | -7.14% | 21.45% | 7.58% | 21.76% | -8.87% | 13.60% | 22.75% | 25.52% |
| Category Average | 11.42% | 8.06% | -8.78% | 18.54% | 7.73% | 22.26% | -9.42% | 13.34% | 19.16% | 17.10% |
| Quartile Ranking | 4 | 1 | 1 | 2 | 2 | 3 | 3 | 4 | 4 | 4 |
| Category Rank | 360/ 413 | 78/ 424 | 70/ 474 | 179/ 504 | 174/ 519 | 299/ 520 | 305/ 530 | 424/ 541 | 507/ 548 | 550/ 554 |
Best Calendar Return (Last 10 years)
22.46% (2021)
Worst Calendar Return (Last 10 years)
-10.92% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 56.81 |
| US Equity | 35.14 |
| International Equity | 7.68 |
| Cash and Equivalents | 0.38 |
| Other | -0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Technology | 26.76 |
| Financial Services | 23.99 |
| Basic Materials | 12.27 |
| Consumer Services | 8.10 |
| Industrial Services | 7.37 |
| Other | 21.51 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 92.32 |
| Europe | 7.07 |
| Asia | 0.60 |
| Other | 0.01 |
Top Holdings
| Name | Percent |
|---|---|
| Royal Bank of Canada | 6.58 |
| Toronto-Dominion Bank | 4.68 |
| Canadian Pacific Kansas City Ltd | 3.75 |
| Shopify Inc Cl A | 3.39 |
| Canadian Natural Resources Ltd | 2.90 |
| Alphabet Inc Cl A | 2.84 |
| Suncor Energy Inc | 2.73 |
| Franco-Nevada Corp | 2.70 |
| Mastercard Inc Cl A | 2.65 |
| Microsoft Corp | 2.53 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Bluewater Canadian Growth Fund Series A
Median
Other - Canadian Focused Equity
3 Yr Annualized
| Standard Deviation | 8.36% | 11.19% | 11.32% |
|---|---|---|---|
| Beta | 0.71 | 0.80 | 0.81 |
| Alpha | -0.08 | -0.07 | -0.01 |
| Rsquared | 0.64% | 0.71% | 0.74% |
| Sharpe | 0.61 | 0.08 | 0.57 |
| Sortino | 1.03 | 0.13 | 0.72 |
| Treynor | 0.07 | 0.01 | 0.08 |
| Tax Efficiency | 94.31% | 85.97% | 91.46% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.51% | 8.36% | 11.19% | 11.32% |
| Beta | 0.60 | 0.71 | 0.80 | 0.81 |
| Alpha | -0.10 | -0.08 | -0.07 | -0.01 |
| Rsquared | 0.63% | 0.64% | 0.71% | 0.74% |
| Sharpe | -0.32 | 0.61 | 0.08 | 0.57 |
| Sortino | -0.50 | 1.03 | 0.13 | 0.72 |
| Treynor | -0.04 | 0.07 | 0.01 | 0.08 |
| Tax Efficiency | - | 94.31% | 85.97% | 91.46% |
Fundata ESG Metrics
Fundata ESG Score
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
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
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
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.
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) | $2,567 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC1645 | DSC | Open |
| MFC274 | FE | Open |
| MFC378 | FE | Open |
| MFC474 | DSC | Open |
| MFC584 | FE | Open |
| MFC640 | DSC | Open |
| MFC650 | FE | Open |
| MFC961 | DSC | Open |
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
|
|---|---|
| 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 | 1.95% |
| 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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