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Mackenzie Bluewater Canadian Growth Balanced Fund Series A

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Canadian Equity Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

Click for more information on Fundata’s FundGrade

NAVPS
(05-13-2026) 		$13.32
Change
-$0.03 (-0.20%)

As at April 30, 2026

As at February 28, 2026

As at April 30, 2026

Period
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Legend

Mackenzie Bluewater Canadian Growth Balanced Fund Series A

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Fund Returns

Inception Return (November 28, 1996): 6.35%

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 2.10% -1.35% -3.28% -2.62% -0.06% 4.48% 4.02% 4.71% 2.86% 5.26% 4.75% 5.01% 4.99% 5.96%
Benchmark 2.87% 5.19% 9.86% 6.01% 29.45% 22.34% 16.74% 13.04% 11.73% 13.62% 10.98% 10.71% 9.72% 9.94%
Category Average 3.27% 2.73% 4.58% 3.00% 15.46% 12.77% 10.42% 8.57% 7.41% 9.53% 7.26% 7.09% 6.36% 6.86%
Category Rank 334 / 364 358 / 362 351 / 359 358 / 362 350 / 358 330 / 338 326 / 333 323 / 330 312 / 321 313 / 319 309 / 316 287 / 292 266 / 273 245 / 256
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 2.93% 0.30% 0.40% 0.26% 0.53% -1.08% 0.13% -0.80% -1.29% 0.94% -4.29% 2.10%
Benchmark 4.19% 2.20% 1.08% 3.81% 4.50% 0.91% 2.96% 0.65% 0.78% 6.21% -3.73% 2.87%

Best Monthly Return Since Inception

7.87% (April 2020)

Worst Monthly Return Since Inception

-8.37% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Fund 6.71% 9.80% -2.10% 16.52% 9.90% 13.49% -10.71% 8.46% 9.61% 2.88%
Benchmark 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48% 17.11% 23.78%
Category Average 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70% 12.92% 11.54%
Quartile Ranking 4 1 1 2 1 4 4 4 4 4
Category Rank 226/ 253 35/ 262 23/ 291 96/ 311 60/ 319 268/ 321 265/ 329 250/ 333 324/ 335 331/ 339

Best Calendar Return (Last 10 years)

16.52% (2019)

Worst Calendar Return (Last 10 years)

-10.71% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 39.26
US Equity 22.53
Foreign Corporate Bonds 16.23
Canadian Corporate Bonds 9.28
Canadian Government Bonds 6.33
Other 6.37

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 33.25
Financial Services 16.70
Technology 12.13
Consumer Services 10.22
Industrial Services 7.86
Other 19.84

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.04
Europe 4.27
Multi-National 0.56
Latin America 0.49
Asia 0.02
Other 0.62

Top Holdings

Top Holdings
Name Percent
Franco-Nevada Corp 4.14
Royal Bank of Canada 3.88
Toronto-Dominion Bank 3.38
Brookfield Asset Management Ltd Cl A 2.28
Canada Government 3.25% 01-Jun-2035 2.23
Boyd Group Services Inc 2.17
Canadian Pacific Kansas City Ltd 2.11
Stantec Inc 1.96
FirstService Corp 1.77
Shopify Inc Cl A 1.76

Equity Style

. .

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Mackenzie Bluewater Canadian Growth Balanced Fund Series A

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 7.37% 8.92% 8.71%
Beta 0.65 0.71 0.70
Alpha -0.06 -0.05 -0.01
Rsquared 0.69% 0.68% 0.71%
Sharpe 0.08 0.04 0.49
Sortino 0.24 0.03 0.54
Treynor 0.01 0.00 0.06
Tax Efficiency 80.35% 76.42% 87.02%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.30% 7.37% 8.92% 8.71%
Beta 0.59 0.65 0.71 0.70
Alpha -0.15 -0.06 -0.05 -0.01
Rsquared 0.69% 0.69% 0.68% 0.71%
Sharpe -0.36 0.08 0.04 0.49
Sortino -0.57 0.24 0.03 0.54
Treynor -0.04 0.01 0.00 0.06
Tax Efficiency - 80.35% 76.42% 87.02%

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.

View the full methodology

Fund Details

Start Date November 28, 1996
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $3,441

Fund Codes

FundServ Code Load Code Sales Status
MFC1644
MFC724
MFC824

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.

Investment Strategy

The Fund’s asset mix will generally be kept within the following ranges: 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 & a solid financial position

Portfolio Management

Portfolio Manager

Mackenzie Financial Corporation

  • Felix Wong
  • Dan Cooper
  • Movin Mokbel
  • Konstantin Boehmer
  • Shah Khan
  • Nelson Arruda
  • Tyler Hewlett
  • David Taylor
  • Hadiza Djataou
  • Mark Hamlin
  • Ken Yip
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 0

Fees

MER 2.30%
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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