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Mackenzie Bluewater Canadian Growth Balanced Fund Series LB

Canadian Equity Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018

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NAVPS
(04-19-2024)
$11.49
Change
-$0.02 (-0.19%)

As at March 31, 2024

As at January 31, 2024

Period
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Legend

Mackenzie Bluewater Canadian Growth Balanced Fund Series LB

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Fund Returns

Inception Return (July 06, 2018): 5.27%

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% 3.53% 9.37% 3.53% 6.45% 3.79% 3.57% 8.38% 5.79% - - - - -
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% 12.31% 12.31% 4.51% 10.27% 3.64% 5.44% 10.47% 6.11% 5.79% 5.14% 5.88% 4.79% 5.04%
Category Rank 339 / 376 355 / 375 373 / 374 355 / 375 360 / 372 195 / 369 335 / 360 326 / 334 240 / 328 - - - - -
Quartile Ranking 4 4 4 4 4 3 4 4 3 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.37% -2.38% 2.90% 0.02% -0.63% -2.86% -2.36% 5.31% 2.74% 0.21% 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 - - - - - 16.45% 9.82% 13.41% -10.77% 8.39%
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 - - - - - 2 1 4 4 3
Category Rank - - - - - 100/ 326 64/ 334 276/ 360 307/ 368 272/ 372

Best Calendar Return (Last 10 years)

16.45% (2019)

Worst Calendar Return (Last 10 years)

-10.77% (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 LB

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 10.24% 10.35% -
Beta 0.79% 0.74% -
Alpha -0.01% 0.00% -
Rsquared 0.73% 0.79% -
Sharpe 0.14% 0.41% -
Sortino 0.15% 0.45% -
Treynor 0.02% 0.06% -
Tax Efficiency 85.96% - -
Volatility Volatility rating is 5 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% -
Beta 0.72% 0.79% 0.74% -
Alpha -0.01% -0.01% 0.00% -
Rsquared 0.85% 0.73% 0.79% -
Sharpe 0.22% 0.14% 0.41% -
Sortino 0.73% 0.15% 0.45% -
Treynor 0.03% 0.02% 0.06% -
Tax Efficiency 92.18% 85.96% - -

Fund Details

Start Date July 06, 2018
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
MFC5628

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. Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund’s investors called for that purpose.

Investment Strategy

Generally, the Fund will invest from 50% to 100% of its assets in fixed-income and equity securities of Canadian issuers and securities that are convertible into fixed-income and equity securities of Canadian issuers. The Fund may, however, invest a lesser percentage of its assets in these securities when the sub-adviser believes it would be beneficial to the Fund’s investors to do so.

Portfolio Manager(s)

Name Start Date
Konstantin Boehmer 07-06-2018
Dina DeGeer 07-06-2018
Felix Wong 07-06-2018
Dan Cooper 07-06-2018
David Arpin 07-06-2018
Steve Locke 07-06-2018
Movin Mokbel 07-06-2018
Shah Khan 05-14-2019
Nelson Arruda 02-20-2020

Management and Organization

Fund Manager Mackenzie Financial Corporation
Advisor Mackenzie Financial Corporation
Custodian Canadian Imperial Bank of Commerce
Registrar Mackenzie Financial Corporation
Distributor LBC Financial Services Inc.
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 100

Fees

MER 2.37%
Management Fee 1.85%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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