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Mackenzie Bluewater US Growth Fund Series LB
U.S. Equity
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 (07-17-2026) |
$13.66 |
|---|---|
| Change |
-$0.26
(-1.86%)
|
As at June 30, 2026
As at April 30, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (May 20, 2022): 10.86%
| 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 | 4.01% | 14.87% | 10.46% | 10.46% | 8.97% | 7.39% | 9.80% | 12.02% | - | - | - | - | - | - |
| Benchmark | 2.01% | 17.44% | 14.26% | 14.26% | 27.41% | 20.94% | 23.49% | 23.34% | 16.55% | 18.39% | 17.45% | 16.46% | 16.41% | 16.61% |
| Category Average | 2.17% | 16.22% | 11.66% | 11.66% | 20.75% | 15.58% | 18.16% | 18.04% | 11.53% | 14.44% | 13.05% | 12.30% | 12.33% | 12.57% |
| Category Rank | 319 / 1,400 | 829 / 1,386 | 780 / 1,367 | 780 / 1,367 | 1,162 / 1,329 | 1,175 / 1,239 | 1,110 / 1,179 | 1,023 / 1,132 | - | - | - | - | - | - |
| Quartile Ranking | 1 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | - | - | - | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.07% | 0.19% | 1.29% | -1.05% | 0.09% | -2.88% | 0.27% | 0.41% | -4.48% | 5.22% | 4.96% | 4.01% |
| Benchmark | 3.75% | 1.28% | 5.00% | 3.05% | -0.03% | -1.89% | 0.38% | -0.17% | -2.91% | 8.00% | 6.61% | 2.01% |
Best Monthly Return Since Inception
10.28% (July 2022)
Worst Monthly Return Since Inception
-6.00% (June 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 12.97% | 18.04% | -2.90% |
| Benchmark | 8.65% | 13.80% | 3.98% | 25.18% | 16.07% | 28.16% | -12.52% | 23.32% | 36.01% | 12.28% |
| Category Average | 6.16% | 13.43% | -2.19% | 22.72% | 13.97% | 23.22% | -14.41% | 18.85% | 26.98% | 8.65% |
| Quartile Ranking | - | - | - | - | - | - | - | 4 | 4 | 4 |
| Category Rank | - | - | - | - | - | - | - | 947/ 1,142 | 1,084/ 1,218 | 1,236/ 1,258 |
Best Calendar Return (Last 10 years)
18.04% (2024)
Worst Calendar Return (Last 10 years)
-2.90% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 87.64 |
| International Equity | 8.98 |
| Cash and Equivalents | 1.87 |
| Canadian Equity | 1.51 |
Sector Allocation
| Name | Percent |
|---|---|
| Technology | 39.23 |
| Consumer Services | 12.74 |
| Healthcare | 12.21 |
| Financial Services | 11.70 |
| Industrial Goods | 10.07 |
| Other | 14.05 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 91.02 |
| Europe | 8.98 |
Top Holdings
| Name | Percent |
|---|---|
| Alphabet Inc Cl A | 6.71 |
| NVIDIA Corp | 5.85 |
| Apple Inc | 5.75 |
| Linde PLC | 4.03 |
| Mastercard Inc Cl A | 3.95 |
| Microsoft Corp | 3.85 |
| Meta Platforms Inc Cl A | 3.79 |
| Eli Lilly and Co | 3.39 |
| Costco Wholesale Corp | 2.97 |
| Johnson & Johnson | 2.96 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mackenzie Bluewater US Growth Fund Series LB
Median
Other - U.S. Equity
3 Yr Annualized
| Standard Deviation | 10.77% | - | - |
|---|---|---|---|
| Beta | 0.80 | - | - |
| Alpha | -0.08 | - | - |
| Rsquared | 0.80% | - | - |
| Sharpe | 0.60 | - | - |
| Sortino | 1.09 | - | - |
| Treynor | 0.08 | - | - |
| Tax Efficiency | 92.13% | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 10.11% | 10.77% | - | - |
| Beta | 0.74 | 0.80 | - | - |
| Alpha | -0.09 | -0.08 | - | - |
| Rsquared | 0.71% | 0.80% | - | - |
| Sharpe | 0.67 | 0.60 | - | - |
| Sortino | 1.04 | 1.09 | - | - |
| Treynor | 0.09 | 0.08 | - | - |
| Tax Efficiency | 83.48% | 92.13% | - | - |
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 | May 20, 2022 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $678 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MFC7323 |
Investment Objectives
The Fund pursues long-term capital growth by investing primarily in equity securities of U.S. companies. Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of votes cast at meeting of Fund investors called for that purpose.
Investment Strategy
The investment approach follows a company-focused investment style, seeking companies with strong management, good growth prospects and a solid financial position. Emphasis is placed on paying reasonable prices for the free cash flow growth that companies in the portfolio are expected to achieve. The Fund may hold cash and/or short-term debt securities in anticipation of, or in response to, unfavourable market conditions; and/or for liquidity purposes.
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 |
LBC Financial Services Inc. |
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 | 2.64% |
|---|---|
| Management Fee | 2.00% |
| 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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