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Mackenzie Cundill Canadian Balanced Fund Series A

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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

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-06-2025) 		$10.47
Change
-$0.01 (-0.11%)

As at March 31, 2025

As at January 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2000Jan 2002Jan 2004Jan 2006Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020$10,000$20,000$30,000$40,000$50,000$0$8,000$9,000$11,000$12,000$13,000Period

Legend

Mackenzie Cundill Canadian Balanced Fund Series A

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Fund Returns

Inception Return (October 07, 1998): 5.59%

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 -3.79% -1.61% 2.82% -1.61% 8.22% 10.45% 5.13% 6.13% 9.39% 4.39% 3.77% 3.23% 4.89% 2.88%
Benchmark -1.20% 1.64% 4.50% 1.64% 13.78% 12.34% 6.50% 8.25% 12.69% 8.64% 8.48% 7.61% 8.32% 6.93%
Category Average -2.15% 0.38% 1.99% 0.38% 8.46% 9.36% 5.22% 6.19% 10.06% 6.50% 6.17% 5.55% 6.17% 5.16%
Category Rank 364 / 373 348 / 373 181 / 373 348 / 373 242 / 370 183 / 367 225 / 364 228 / 355 268 / 329 322 / 323 298 / 301 274 / 275 262 / 263 249 / 251
Quartile Ranking 4 4 2 4 3 2 3 3 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -2.33% 2.58% -0.34% 2.86% 0.18% 2.30% 0.57% 4.64% -0.70% 2.86% -0.58% -3.79%
Benchmark -1.85% 2.08% -0.32% 4.94% 1.05% 2.82% 0.37% 5.15% -2.58% 2.89% -0.02% -1.20%

Best Monthly Return Since Inception

9.33% (November 2020)

Worst Monthly Return Since Inception

-12.55% (March 2020)

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 -9.61% 11.51% 4.34% -10.05% 9.58% -3.59% 13.57% -6.74% 10.70% 15.76%
Benchmark -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48% 17.11%
Category Average -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70% 12.92%
Quartile Ranking 4 2 4 4 4 4 3 2 2 2
Category Rank 248/ 251 111/ 260 230/ 272 275/ 301 319/ 321 327/ 329 266/ 355 169/ 363 125/ 367 114/ 369

Best Calendar Return (Last 10 years)

15.76% (2024)

Worst Calendar Return (Last 10 years)

-10.05% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 37.13
US Equity 19.01
Canadian Corporate Bonds 14.16
Canadian Government Bonds 11.65
International Equity 7.89
Other 10.16

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 32.36
Financial Services 19.09
Technology 9.02
Energy 8.47
Consumer Goods 5.85
Other 25.21

Geographic Allocation

Geographic Allocation
Name Percent
North America 90.81
Europe 7.09
Asia 2.03
Multi-National 0.06
Latin America 0.05
Other -0.04

Top Holdings

Top Holdings
Name Percent
Brookfield Corp Cl A 2.81
Royal Bank of Canada 2.66
Enbridge Inc 2.14
Fairfax Financial Holdings Ltd 2.11
Teck Resources Ltd Cl B 2.03
Atkinsrealis Group Inc 2.02
Aritzia Inc 1.94
Canadian Imperial Bank of Commerce 1.71
Wells Fargo & Co 1.66
Manulife Financial Corp 1.58

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 Return89101112131415-2%0%2%4%6%8%10%12%14%

Mackenzie Cundill Canadian Balanced Fund Series A

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 11.28% 10.39% 10.57%
Beta 0.94% 0.89% 0.93%
Alpha -0.01% -0.02% -0.03%
Rsquared 0.93% 0.88% 0.82%
Sharpe 0.16% 0.69% 0.16%
Sortino 0.34% 1.04% 0.05%
Treynor 0.02% 0.08% 0.02%
Tax Efficiency 81.10% 91.42% 71.90%
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 8.43% 11.28% 10.39% 10.57%
Beta 0.86% 0.94% 0.89% 0.93%
Alpha -0.03% -0.01% -0.02% -0.03%
Rsquared 0.80% 0.93% 0.88% 0.82%
Sharpe 0.52% 0.16% 0.69% 0.16%
Sortino 1.05% 0.34% 1.04% 0.05%
Treynor 0.05% 0.02% 0.08% 0.02%
Tax Efficiency 80.89% 81.10% 91.42% 71.90%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A57.5​57.549.3​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: A55.0​55.053.0​53.00%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: A64.7​64.747.9​47.90%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: A54.1​54.146.5​46.50%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 October 07, 1998
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $362

Fund Codes

FundServ Code Load Code Sales Status
MFC1600
MFC3177
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 Management

Portfolio Manager

Mackenzie Financial Corporation

  • Steve Locke
  • Felix Wong
  • Dan Cooper
  • Movin Mokbel
  • Konstantin Boehmer
  • William Aldridge
  • Richard Y.C. Wong
  • Nelson Arruda
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 2.29%
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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