Fund Library Home Page
Sign In Français

  • My Watchlist is is a members only feature. Sign in or Sign up for free access to the watchlist feature.

Try Fund Library Premium

For Free with a 30 day trial!

Gain access to

  • Unlimited Watchlists
  • Advanced Search Filtering
  • Fund Comparisons
  • Portfolio Scenarios
  • Customizable PDF Reports
Sign up Now More Info

Mackenzie Bluewater Global Growth Balanced Fund Series A

  • Premium Feature Only
Add to My Watchlist

Global Equity Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021

Click for more information on Fundata’s FundGrade

NAVPS
(05-27-2025) 		$14.24
Change
$0.16 (1.16%)

As at April 30, 2025

As at February 28, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$10,000$12,000$14,000$16,000$9,000$11,000$13,000Period

Legend

Mackenzie Bluewater Global Growth Balanced Fund Series A

Compare Options

Fund Returns

Inception Return (January 31, 2019): 5.86%

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 -1.76% -5.58% -0.37% -1.95% 6.19% 5.72% 5.46% 2.08% 5.12% 4.63% - - - -
Benchmark -2.54% -5.91% 0.78% -2.84% 11.49% 12.43% 10.67% 6.78% 9.16% 7.82% 7.95% 7.59% 8.99% 8.19%
Category Average -1.92% -5.08% 0.21% -1.93% 8.87% 9.22% 7.36% 4.70% 7.93% 5.91% 5.80% 5.41% 6.28% 5.36%
Category Rank 481 / 1,311 812 / 1,310 964 / 1,309 699 / 1,310 1,131 / 1,289 1,139 / 1,216 1,062 / 1,192 995 / 1,068 938 / 1,010 835 / 985 - - - -
Quartile Ranking 2 3 3 3 4 4 4 4 4 4 - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 2.32% 1.83% 1.49% 0.96% 1.01% -1.16% 3.46% -1.79% 3.84% -0.90% -3.02% -1.76%
Benchmark 2.36% 2.01% 3.06% -0.02% 2.38% 0.42% 3.57% 0.16% 3.26% -0.48% -3.00% -2.54%

Best Monthly Return Since Inception

7.67% (July 2022)

Worst Monthly Return Since Inception

-8.63% (January 2022)

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 - - - - - 14.13% 13.68% -17.57% 9.84% 10.03%
Benchmark 17.03% 3.66% 11.99% 0.72% 16.29% 12.17% 11.33% -12.03% 15.07% 21.57%
Category Average 4.87% 4.92% 9.31% -5.49% 15.12% 8.09% 12.42% -11.85% 11.42% 15.99%
Quartile Ranking - - - - - 1 2 4 3 4
Category Rank - - - - - 147/ 1,007 353/ 1,056 1,069/ 1,153 890/ 1,202 1,221/ 1,285

Best Calendar Return (Last 10 years)

14.13% (2020)

Worst Calendar Return (Last 10 years)

-17.57% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 38.57
International Equity 23.50
Foreign Government Bonds 12.25
Canadian Corporate Bonds 8.95
Canadian Government Bonds 7.84
Other 8.89

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 33.13
Technology 14.22
Industrial Services 10.22
Healthcare 9.28
Financial Services 7.32
Other 25.83

Geographic Allocation

Geographic Allocation
Name Percent
North America 71.62
Europe 26.21
Asia 1.46
Latin America 0.26
Africa and Middle East 0.06
Other 0.39

Top Holdings

Top Holdings
Name Percent
Aon PLC Cl A 2.81
Apple Inc 2.65
Roper Technologies Inc 2.52
Microsoft Corp 2.50
Compass Group PLC 2.47
Waste Connections Inc 2.39
Alcon AG 2.29
Stryker Corp 1.95
Verisk Analytics Inc 1.93
Relx PLC 1.85

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return678910111213141516171819-5%0%5%10%15%

Mackenzie Bluewater Global Growth Balanced Fund Series A

Median

Other - Global Equity Balanced

3 Yr Annualized

Standard Deviation 11.04% 11.07% -
Beta 1.04% 1.07% -
Alpha -0.05% -0.04% -
Rsquared 0.89% 0.86% -
Sharpe 0.18% 0.29% -
Sortino 0.43% 0.34% -
Treynor 0.02% 0.03% -
Tax Efficiency 99.36% 97.81% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 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 7.66% 11.04% 11.07% -
Beta 0.90% 1.04% 1.07% -
Alpha -0.04% -0.05% -0.04% -
Rsquared 0.81% 0.89% 0.86% -
Sharpe 0.34% 0.18% 0.29% -
Sortino 0.70% 0.43% 0.34% -
Treynor 0.03% 0.02% 0.03% -
Tax Efficiency 98.38% 99.36% 97.81% -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A38.4​38.449.3​49.30%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: A55.2​55.250.3​50.30%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: A36.3​36.348.4​48.40%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: A25.4​25.450.0​50.00%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, 2019
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $709

Fund Codes

FundServ Code Load Code Sales Status
MFC5937
MFC5938
MFC5939

Investment Objectives

The Fund seeks capital growth and current income by investing primarily in equity and/or fixed income securities anywhere around the world. The Fund will pursue this objective by investing in securities directly and/or by investing in other mutual funds.

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.

Portfolio Management

Portfolio Manager

Mackenzie Financial Corporation

  • Dina DeGeer
  • Steve Locke
  • Felix Wong
  • David Arpin
  • Konstantin Boehmer
  • Nelson Arruda
  • Ken Yip
  • Caroline Chan
  • Tyler Hewlett
  • Dan Cooper
  • Movin Mokbel
  • 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 2.34%
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) -

Try Fund Library Premium

For Free with a 30 day trial!

Gain access to

  • Unlimited Watchlists
  • Advanced Search Filtering
  • Fund Comparisons
  • Portfolio Scenarios
  • Customizable PDF Reports
Sign up Now More Info