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Mackenzie Cundill Canadian Balanced Fund Series A

Canadian 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

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NAVPS
(05-21-2024)
$10.37
Change
$0.02 (0.16%)

As at April 30, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Mackenzie Cundill Canadian Balanced Fund Series A

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Fund Returns

Inception Return (October 07, 1998): 5.37%

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 -2.33% 3.00% 12.58% 2.79% 8.26% 4.23% 4.39% 7.42% 2.80% 2.48% 2.08% 3.86% 1.99% 2.23%
Benchmark -1.85% 2.59% 13.66% 2.67% 6.31% 4.45% 5.18% 9.50% 6.74% 7.09% 6.37% 7.04% 5.81% 5.97%
Category Average -2.40% 11.59% 11.59% 2.01% 5.86% 4.52% 3.98% 7.95% 5.13% 5.26% 4.60% 5.43% 4.48% 4.66%
Category Rank 179 / 365 69 / 365 136 / 363 133 / 364 100 / 361 230 / 358 177 / 349 238 / 323 319 / 320 294 / 296 276 / 277 256 / 257 245 / 246 225 / 226
Quartile Ranking 2 1 2 2 2 3 3 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.02% 2.93% 2.43% -0.35% -3.23% -2.47% 5.70% 3.62% -0.20% 1.74% 3.65% -2.33%
Benchmark -4.11% 2.51% 1.67% -1.08% -3.16% -2.30% 6.66% 3.79% 0.07% 1.27% 3.22% -1.85%

Best Monthly Return Since Inception

9.33% (November 2020)

Worst Monthly Return Since Inception

-12.55% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.94% -9.61% 11.51% 4.34% -10.05% 9.58% -3.59% 13.57% -6.74% 10.70%
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 4 4 2 4 4 4 4 3 2 2
Category Rank 179/ 220 243/ 246 110/ 254 226/ 266 269/ 295 313/ 315 321/ 323 260/ 349 166/ 357 123/ 361

Best Calendar Return (Last 10 years)

13.57% (2021)

Worst Calendar Return (Last 10 years)

-10.05% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 38.79
US Equity 18.12
Canadian Corporate Bonds 13.95
Canadian Government Bonds 11.29
Foreign Corporate Bonds 6.06
Other 11.79

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 33.16
Financial Services 18.25
Technology 9.29
Energy 9.26
Consumer Goods 5.36
Other 24.68

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.08
Europe 4.86
Asia 1.27
Latin America 0.72
Multi-National 0.04
Other 0.03

Top Holdings

Top Holdings
Name Percent
SNC-Lavalin Group Inc 2.89
Ontario Province 3.65% 02-Jun-2033 2.61
Fairfax Financial Holdings Ltd 7.75% 15-Jul-2037 2.45
Royal Bank of Canada 2.44
Teck Resources Ltd Cl B 2.34
Brookfield Corp Cl A 2.30
Canadian Natural Resources Ltd 2.08
Oracle Corp 2.07
Enbridge Inc 1.70
Rogers Communications Inc Cl B 1.68

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)

Mackenzie Cundill Canadian Balanced Fund Series A

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 10.71% 12.03% 10.43%
Beta 0.91% 0.91% 0.92%
Alpha 0.00% -0.03% -0.03%
Rsquared 0.91% 0.90% 0.80%
Sharpe 0.20% 0.12% 0.13%
Sortino 0.25% 0.05% -0.03%
Treynor 0.02% 0.02% 0.01%
Tax Efficiency 87.54% 84.57% 67.05%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 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 10.53% 10.71% 12.03% 10.43%
Beta 0.93% 0.91% 0.91% 0.92%
Alpha 0.02% 0.00% -0.03% -0.03%
Rsquared 0.97% 0.91% 0.90% 0.80%
Sharpe 0.35% 0.20% 0.12% 0.13%
Sortino 0.89% 0.25% 0.05% -0.03%
Treynor 0.04% 0.02% 0.02% 0.01%
Tax Efficiency 90.98% 87.54% 84.57% 67.05%

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 October 07, 1998
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $366

Fund Codes

FundServ Code Load Code Sales Status
MFC1600
MFC3177
MFC7052
MFC740
MFC840

Investment Objectives

The Fund pursues long-term capital growth by investing mainly in Canadian equity and fixed-income securities. The levels of fixed-income and equity securities will range between 30% and 70% of the Fund’s assets, depending on the manager’s assessment of economic and market factors.

Investment Strategy

The Fund’s asset mix will generally be kept within the following ranges: 60-70% equity securities; 30-40% 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 fundamental value investment style.

Portfolio Manager(s)

Name Start Date
Movin Mokbel 05-01-2013
Steve Locke 05-01-2013
Felix Wong 05-01-2013
Dan Cooper 05-01-2013
Konstantin Boehmer 07-01-2013
Richard Y.C. Wong 03-24-2016
William Aldridge 03-24-2016
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 -
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 2.29%
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) -

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