Balanced Funds | Mackenzie Investments

Balanced Funds

Find performance in the stars

Multi-Asset Solutions that Work for You

Find star performance in our suite of global, Canadian and income balanced funds.

Mackenzie’s diversified 5-star balanced funds can help you achieve your goals for growth and income while managing for volatility. Mackenzie Balanced Funds are multi-asset solutions with top investment management expertise.

This RRSP season, you can adopt a consistent, balanced investment approach for long-term success and peace of mind.

Ask your financial advisor how Mackenzie Balanced Funds can work for you.


The highest ratings given by the independent investment research firm Morningstar

Morningstar rating

Morningstar rating

Morningstar rating


Lipper Award logo

Mackenzie Canadian Growth Balanced Fund (Series A)

Winner of the 2017 Lipper Fund Award for best 3-year and 5-year performance in the Canadian Equity Balanced classification. Lipper® Fund Awards recognize funds that have delivered consistently strong risk-adjusted performance relative to their peers.

Portfolio Managers

Dina DeGeer, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Bluewater Team

Investment experience since 1985

Steve Locke, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Fixed Income Team

Investment experience since 1995

Darren McKiernan, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Global Equity & Income Team

Investment experience since 1995

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of Mackenzie Ivy Global Balanced Fund, Mackenzie Canadian Growth Balanced Fund, Mackenzie Global Strategic Income Fund and Mackenzie Ivy Canadian Balanced Fund or returns on investment in Mackenzie Ivy Global Balanced Fund, Mackenzie Canadian Growth Balanced Fund, Mackenzie Global Strategic Income Fund and Mackenzie Ivy Canadian Balanced Fund.

On November 24, 2006, Mackenzie Global Strategic Income Fund (the Fund) acquired the assets of another Mackenzie-sponsored fund in a merger that was considered a material change for the Fund. Therefore, the Fund’s performance is provided from the date of the merger rather than its inception, as required under applicable securities laws.

Morningstar Star Ratings reflect performance of Series F as of March 31, 2018 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. Quartile rankings and peers beaten are calculated by Mackenzie Investments based on the fund series-level data Morningstar provides. The CIFSC categories, Star Ratings, number of funds in each category, and annual compounded performance for the standard periods are: Mackenzie Canadian Growth Balanced Fund Series F, Canadian Equity Balanced category: 1 year - n/a stars 9.6%, 3 years - 5 stars (378 funds) 7.9%, 5 years - 5 stars (293 funds) 12.1%, 10 years - 5 stars (156 funds) 7.7%.: Mackenzie Strategic Income Fund Series F, Canadian Neutral Balanced category: 1 year - n/a stars 3.7%, 3 years - 5 stars (469 funds) 5.2%, 5 years - 4 stars (375 funds) 6.7%, 10 years - 5 stars (154 funds) 7.1%. Mackenzie Global Strategic Income Fund Series F, Global Neutral Balanced category: 1 year - n/a stars 4.0%, 3 years – 5 stars (960 funds) 5.7%, 5 years - 5 stars (640 funds) 8.6%, 10 years - 5 stars (275 funds) 7.1%. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns as of March 31, 2018 including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. From Thomson Reuters Lipper Awards, © 2016 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.