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Mackenzie Ivy Foreign Equity Currency Neutral Fund Series A

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Global Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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
(11-03-2025) 		$21.45
Change
-$0.04 (-0.19%)

As at September 30, 2025

As at July 31, 2025

As at September 30, 2025

Period
Created with Highcharts 10.3.3Jan 2023Oct 2022Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025May 2009Sep 2011Jan 2014May 2016Sep 2018Jan 2021May 2023$10,000$15,000$11,000$12,000$13,000$14,000Period

Legend

Mackenzie Ivy Foreign Equity Currency Neutral Fund Series A

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Fund Returns

Inception Return (August 27, 2007): 5.53%

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 -0.27% 1.23% 3.96% 5.27% 4.66% 13.25% 12.72% 5.43% 6.62% 6.97% 6.24% 6.14% 5.70% 5.97%
Benchmark 4.75% 9.85% 16.40% 14.73% 20.82% 25.87% 23.58% 12.69% 14.46% 13.83% 12.29% 12.49% 12.56% 12.37%
Category Average 3.58% 6.84% 13.09% 11.84% 14.93% 20.60% 18.81% 9.00% 11.20% 10.66% 9.36% 9.44% 9.62% 9.45%
Category Rank 2,125 / 2,144 2,079 / 2,138 1,871 / 2,093 1,870 / 2,080 1,897 / 2,062 1,784 / 1,930 1,706 / 1,829 1,488 / 1,703 1,411 / 1,516 1,346 / 1,441 1,208 / 1,313 1,045 / 1,119 983 / 1,022 808 / 836
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%
Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -1.21% 3.48% -2.74% 4.16% 0.68% -3.45% -1.02% 3.37% 0.37% -0.12% 1.63% -0.27%
Benchmark 0.69% 4.44% 0.14% 3.94% -1.04% -4.18% -2.97% 5.37% 3.64% 2.87% 1.95% 4.75%

Best Monthly Return Since Inception

6.86% (November 2020)

Worst Monthly Return Since Inception

-10.14% (October 2008)

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 2.14% 4.50% 4.78% -3.30% 12.12% 12.34% 10.45% -11.90% 11.33% 13.78%
Benchmark 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37% 26.84%
Category Average 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08% 20.13%
Quartile Ranking 4 2 4 2 4 2 4 2 4 4
Category Rank 662/ 754 403/ 876 981/ 1,029 419/ 1,175 1,252/ 1,370 685/ 1,452 1,405/ 1,567 720/ 1,719 1,496/ 1,858 1,691/ 1,972

Best Calendar Return (Last 10 years)

13.78% (2024)

Worst Calendar Return (Last 10 years)

-11.90% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 59.04
International Equity 30.86
Cash and Equivalents 6.70
Canadian Equity 3.40

Sector Allocation

Sector Allocation
Name Percent
Healthcare 18.16
Technology 17.60
Consumer Services 16.72
Financial Services 16.11
Consumer Goods 11.04
Other 20.37

Geographic Allocation

Geographic Allocation
Name Percent
North America 69.14
Europe 27.34
Asia 3.52

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 7.30
Microsoft Corp 4.61
Halma PLC 3.64
Johnson & Johnson 3.55
Danaher Corp 3.54
Alphabet Inc Cl A 3.52
Brookfield Corp Cl A 3.40
Amazon.com Inc 3.32
Berkshire Hathaway Inc Cl B 2.94
Compass Group PLC 2.85

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return24681012141618202224-10%0%10%20%30%40%50%

Mackenzie Ivy Foreign Equity Currency Neutral Fund Series A

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 9.51% 10.60% 9.38%
Beta 0.77% 0.78% 0.68%
Alpha -0.04% -0.04% -0.02%
Rsquared 0.71% 0.77% 0.71%
Sharpe 0.89% 0.41% 0.48%
Sortino 1.76% 0.57% 0.51%
Treynor 0.11% 0.06% 0.07%
Tax Efficiency 98.41% 87.98% 87.57%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 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 8.36% 9.51% 10.60% 9.38%
Beta 0.56% 0.77% 0.78% 0.68%
Alpha -0.06% -0.04% -0.04% -0.02%
Rsquared 0.53% 0.71% 0.77% 0.71%
Sharpe 0.23% 0.89% 0.41% 0.48%
Sortino 0.36% 1.76% 0.57% 0.51%
Treynor 0.03% 0.11% 0.06% 0.07%
Tax Efficiency 89.07% 98.41% 87.98% 87.57%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A45.7​45.751.2​51.20%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: A32.9​32.951.2​51.20%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: A47.8​47.850.0​50.00%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: A65.0​65.054.1​54.10%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 August 27, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $328

Fund Codes

FundServ Code Load Code Sales Status
MFC8480
MFC8485

Investment Objectives

The Fund pursues long-term capital growth, consistent with protection of capital. The Fund’s investments are not limited geographically, but generally do not include investments in emerging markets. Securities of U.S. companies will usually form the largest percentage of assets from any geographic area within the Fund’s portfolio. The Fund seeks to eliminate substantially all of its foreign currency exposure.

Investment Strategy

The investment approach follows a blended growth and value investment style, by seeking companies having the greatest prospects for long-term growth. Strong consideration is also placed on assessing the investment’s intrinsic worth relative to its stock price. The review process includes analysis of the company’s competitive position, management strengths, expected profitability and financial position.

Portfolio Management

Portfolio Manager

Mackenzie Financial Corporation

  • Hussein Sunderji
  • Adam Gofton
  • Jason Miller
  • Matt Moody
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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.53%
Management Fee 2.00%
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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