We invest in distinctive industry leaders with unique competitive advantages such as intellectual property or high barriers to entry that can protect them from competition and have the potential to drive durable, sustainable returns.
Mackenzie Bluewater Team
of distinct companies
Mackenzie Bluewater has created its own distinctive blueprint for success, designed to harness the consistent growth of a concentrated selection of dominant companies with few competitors.
Meet our team
Dina DeGeer, MBA,CFA
“We curate a very small number of companies that you would hope to be able to own for long periods of time. Once a company is on our shortlist, it rarely leaves, and the main thing that pushes us in and out is valuations.”
Joined Bluewater in 1995; investment experience since 1985
- For over 25 years, Dina has successfully led Mackenzie Bluewater Canadian Growth Fund, making her the longest tenured Canadian equity manager at Mackenzie.
- Dina is the only Canadian ranked in the world’s top 30 female fund managers by Citywire, out of 1,725 managers worldwide.*
David Arpin, MA,CFA
“A lot of companies have great long-term track records, but that record is predicated on the environment continuing the way it has always been.”
Joined Bluewater in 2012; investment experience since 1995
- For the past decade, David has led the team’s US and global mandates, including foreign exposure in the Canadian mandate.
- David brings his training as an economist and over 20 years of experience as a portfolio manager specializing in US/global equities.
Shah Khan, MBA,CFA
Joined Bluewater in 2010; investment experience since 2010
- Sector generalist specializing in Canadian equities
- BSc degree in Biochemistry, MBA and CFA
Hui Wang, MBA,CFA,CAIA
Joined Bluewater in 2016; investment experience since 2010
- Sector generalist specializing in global equities
- BSc degree in Computer Science, MA degree in Finance, MBA, CAIA and CFA
Tyler Hewlett, CFA
Joined Bluewater in 2022; investment experience since 2001
- Fifteen years at a leading investment firm as lead Portfolio Manager on a number of strategies focusing on North American equities.
- BComm degree from Queen’s University
Dave Taylor, CFA
Joined Bluewater in 2022; investment experience since 2003
- Ten years at a leading investment firm as a Portfolio Manager on a number of strategies.
- Worked in equity research for a tier one Canadian investment dealer, and at a high-net-worth investment boutique.
- BA (Hons.) degree from the University of Western Ontario
Our awards and rankings
The highest ratings given by the independent investment research firm Morningstar
* Revealed: The top 30 female fund managers in the world, Citywire Alpha Female Report 2020
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The content of this web page (including facts, views, opinions, recommendations, descriptions of or references to, products or securities) is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it.
Morningstar Star Ratings reflect performance of Series F as of October 31, 2022 and are subject to change monthly. The ratings are an objective, quantitative measure of a fund’s historical risk-adjusted performance relative to other funds in its category. Only funds with at least a three-year track record are considered. The overall star rating for a fund is a weighted combination calculated from a fund’s 3, 5, and 10-year returns, as available, measured against the 91-day treasury bill and peer group returns. A fund can only be rated if there are a sufficient number of funds in its peer group to allow comparison for at least three years. If a fund scores in the top 10% of its fund category, it gets 5 stars; if it falls in the next 22.5%, it receives 4 stars; a place in the middle 35% earns a fund 3 stars; those in the next 22.5% receive 2 stars; and the lowest 10% receive 1 star. For more details on the calculation of Morningstar Star Ratings, see www.morningstar.ca.
Mackenzie Bluewater Canadian Growth Balanced Fund F, Canadian Equity Balanced Category: 3 years - 4 stars (334 funds), 5 years - 5 stars (306 funds), 10 years - 5 stars (204 funds). Mackenzie Bluewater Canadian Growth Fund F, Canadian Focused Equity Category: 3 years - 4 stars (539 funds), 5 years - 4 stars (498 funds), 10 years - 5 stars (316 funds). Mackenzie Bluewater Global Growth Fund F, Global Equity Category: 4 years - 3 stars (1624 funds), 5 years - 4 stars (1285 funds), 10 years - 4 stars (618 funds).
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
Mackenzie Canadian Growth Balanced Fund (Series F) was awarded the Refinitiv Lipper Fund Awards Canada 2022 Winner for Best Canadian Equity Balanced Fund Over Ten Years, out of 42 funds. Performance for the fund for the period ended September 30, 2022, is as follows: -8.8% (1 year), 4.3% (3 years), 6.1% (5 years), 9.3% (10 years) and 7.1% (since inception on December 06, 1999).
Mackenzie Canadian Growth Fund (Series F) was awarded the Refinitiv Lipper Fund Awards Canada 2022 Winner for Best Canadian Focused Equity Over Ten Years, out of 57 funds. Performance for the fund for the period ended September 30, 2022, is as follows: -8.6% (1 year), 7.2% (3 years), 8.4% (5 years), 12.6% (10 years) and 8.9% (since inception on December 06, 1999).
Refinitiv Lipper Fund Awards, ©2022 Refinitiv. All rights reserved. Used under license
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.
Mackenzie Bluewater Canadian Growth Fund Series A was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Canadian Focused Equity category out of a total of 362 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 22.5% (1 year), 18.1% (3 years), 12.9% (5 years), 14.1% (10 years) and 10.2% (since inception- January 1976).
Mackenzie Bluewater Global Growth Balanced Fund Series A was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Global Equity Balanced category out of a total of 722 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 13.7% (1 year) and 13.9% (since inception- January 2019).