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Mackenzie Bluewater Canadian Growth Balanced Fund Series LB

Canadian Equity Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018

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NAVPS
(11-01-2024)
$12.33
Change
$0.07 (0.58%)

As at September 30, 2024

As at July 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): 5.56%

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 1.75% 4.27% 4.42% 8.11% 14.21% 10.47% 3.13% 5.09% 5.83% 5.85% - - - -
Benchmark 2.82% 9.03% 8.88% 13.90% 23.19% 14.68% 7.16% 10.09% 8.46% 8.37% 7.86% 7.63% 8.13% 6.74%
Category Average 2.13% 6.57% 6.34% 11.14% 19.44% 12.85% 5.71% 8.44% 6.74% 6.31% 5.96% 5.85% 6.24% 5.32%
Category Rank 339 / 373 371 / 372 354 / 370 369 / 369 369 / 369 361 / 367 350 / 359 351 / 355 287 / 329 247 / 316 - - - -
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 - - - -

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -2.36% 5.31% 2.74% 0.21% 2.46% 0.84% -2.86% 1.56% 1.52% 2.74% -0.26% 1.75%
Benchmark -2.30% 6.66% 3.79% 0.07% 1.27% 3.22% -1.85% 2.08% -0.32% 4.94% 1.05% 2.82%

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 - - - - - 105/ 321 66/ 329 275/ 355 302/ 363 269/ 367

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 34.02
US Equity 17.35
Canadian Corporate Bonds 15.15
International Equity 12.66
Canadian Government Bonds 10.35
Other 10.47

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 29.87
Financial Services 14.83
Technology 10.99
Industrial Services 9.25
Consumer Services 7.57
Other 27.49

Geographic Allocation

Geographic Allocation
Name Percent
North America 87.03
Europe 12.79
Latin America 0.14
Multi-National 0.01
Asia 0.01
Other 0.02

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 3.75
Royal Bank of Canada 3.38
Intact Financial Corp 3.37
Stantec Inc 3.28
Microsoft Corp 2.65
Brookfield Asset Management Ltd Cl A 2.64
Loblaw Cos Ltd 2.61
Aon PLC Cl A 2.50
Accenture PLC Cl A 2.42
Boyd Group Services Inc 2.42

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 10.15% 10.43% -
Beta 0.78% 0.73% -
Alpha -0.02% 0.00% -
Rsquared 0.77% 0.79% -
Sharpe 0.02% 0.38% -
Sortino 0.09% 0.45% -
Treynor 0.00% 0.05% -
Tax Efficiency 91.09% 87.85% -
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 7.83% 10.15% 10.43% -
Beta 0.75% 0.78% 0.73% -
Alpha -0.02% -0.02% 0.00% -
Rsquared 0.78% 0.77% 0.79% -
Sharpe 1.14% 0.02% 0.38% -
Sortino 2.60% 0.09% 0.45% -
Treynor 0.12% 0.00% 0.05% -
Tax Efficiency 96.07% 91.09% 87.85% -

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) $5,510

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

The Fund’s asset mix will generally be kept within the following: 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. The equity portfolio manager employs a company-focused investing style, seeking companies with strong management, good growth prospects and a solid financial position.

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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