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Mackenzie Bluewater North American Balanced Fund Series A
Global Neutral Balanced
Click for more information on Fundata’s FundGrade
FundGrade E
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade B
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|
NAVPS (06-25-2026) |
$11.12 |
|---|---|
| Change |
-$0.04
(-0.34%)
|
As at May 31, 2026
As at March 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (January 24, 2022): 3.06%
| 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 | 1.84% | 0.79% | -0.93% | 0.68% | 1.09% | 3.86% | 5.04% | 4.98% | - | - | - | - | - | - |
| Benchmark | 4.15% | 4.24% | 6.13% | 7.49% | 17.74% | 14.74% | 14.02% | 11.92% | 8.11% | 8.14% | 8.14% | 7.77% | 7.25% | 7.84% |
| Category Average | 2.60% | 2.28% | 5.38% | 5.90% | 14.32% | 11.64% | 11.45% | 8.71% | 6.06% | 7.52% | 6.76% | 6.24% | 5.81% | 6.18% |
| Category Rank | 1,557 / 1,772 | 1,567 / 1,769 | 1,727 / 1,752 | 1,734 / 1,753 | 1,727 / 1,729 | 1,650 / 1,652 | 1,579 / 1,581 | 1,543 / 1,553 | - | - | - | - | - | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.65% | 0.38% | 0.22% | 0.96% | -0.05% | -0.14% | -1.60% | -0.59% | 0.48% | -3.39% | 2.44% | 1.84% |
| Benchmark | 2.53% | 1.48% | 1.44% | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% |
Best Monthly Return Since Inception
6.22% (July 2022)
Worst Monthly Return Since Inception
-4.92% (April 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 9.15% | 8.84% | 0.29% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.05% | 7.69% | -3.99% | 13.52% | 7.16% | 9.69% | -11.26% | 9.53% | 12.15% | 9.84% |
| Quartile Ranking | - | - | - | - | - | - | - | 3 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | - | 966/ 1,576 | 1,508/ 1,624 | 1,674/ 1,679 |
Best Calendar Return (Last 10 years)
9.15% (2023)
Worst Calendar Return (Last 10 years)
0.29% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 33.31 |
| Foreign Government Bonds | 25.18 |
| Canadian Equity | 12.94 |
| Canadian Corporate Bonds | 9.55 |
| Canadian Government Bonds | 7.24 |
| Other | 11.78 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 47.70 |
| Technology | 15.26 |
| Financial Services | 9.48 |
| Consumer Services | 6.80 |
| Industrial Goods | 4.85 |
| Other | 15.91 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 79.97 |
| Europe | 9.43 |
| Asia | 4.57 |
| Latin America | 3.27 |
| Multi-National | 0.75 |
| Other | 2.01 |
Top Holdings
| Name | Percent |
|---|---|
| Mackenzie Bluewater North American Equ Fund A | 50.56 |
| Mackenzie Global Core Plus Bond Fund A | 34.61 |
| Mackenzie Strategic Bond Fund Series A | 14.83 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Bluewater North American Balanced Fund Series A
Median
Other - Global Neutral Balanced
3 Yr Annualized
| Standard Deviation | 6.46% | - | - |
|---|---|---|---|
| Beta | 0.81 | - | - |
| Alpha | -0.06 | - | - |
| Rsquared | 0.77% | - | - |
| Sharpe | 0.24 | - | - |
| Sortino | 0.51 | - | - |
| Treynor | 0.02 | - | - |
| Tax Efficiency | 94.66% | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.26% | 6.46% | - | - |
| Beta | 0.67 | 0.81 | - | - |
| Alpha | -0.10 | -0.06 | - | - |
| Rsquared | 0.90% | 0.77% | - | - |
| Sharpe | -0.22 | 0.24 | - | - |
| Sortino | -0.43 | 0.51 | - | - |
| Treynor | -0.02 | 0.02 | - | - |
| Tax Efficiency | 43.17% | 94.66% | - | - |
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 | January 24, 2022 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $22 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC9426 | ||
| MFC9427 |
Investment Objectives
The Fund seeks to provide long-term capital growth and current income by investing primarily in a combination of equity and fixed income securities in Canada and/or the United States. 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: 40% - 60% equity securities; 40% - 60% fixed-income securities. In addition to fixed income and equity exposures, the Fund may also invest in other asset classes. 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
|
|---|---|
| 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 | 2.31% |
|---|---|
| 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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