Balanced Funds | Mackenzie Investments

Balanced Funds

Find performance in the stars

The highest ratings given by the independent investment research firm Morningstar

In volatile markets, investors need proven investments to continue pursuing their financial goals. Mackenzie Investments offers a suite of well performing balanced funds that aim to deliver solid returns over time. Managed by excellent investment managers with strong vision and sound strategies, the Mackenzie balanced funds help investors build confidence in a changing world.


Morningstar rating

Morningstar rating

Morningstar rating

Morningstar rating

Morningstar rating

Morningstar rating

Lipper Award logo

Mackenzie Canadian Growth Balanced Fund (Series A)

Winner of the 2016 Lipper Fund Award for best 3-year and 5-year performance in the Canadian Equity Balanced category

Portfolio Managers

Paul Musson, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Ivy Team

Investment experience since 1992

Dina DeGeer, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Canadian Growth 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 units as of August 31, 2017 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 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 and number of funds in each category, and annual compounded performance for the standard periods are: Mackenzie Ivy Global Balanced Fund Series F, Global Equity Balanced category: 1 year – n/a stars 2.15%, 3 years – 5 stars (670 funds) 8.31%, 5 years – 5 stars (472 funds) 11.54%, 10 years – 5 stars (214 funds) 7.08%. Mackenzie Ivy Canadian Balanced Fund Series F, Canadian Equity Balanced: 1 year – n/a stars 2.72%, 3 years – 4 stars (381 funds) 4.63%, 5 years – 5 stars (304 funds) 9.12%, 10 years – 4 stars (152 funds) 5.13%. Mackenzie Canadian Growth Balanced Fund Series F, Canadian Equity Balanced category: 1 year – n/a 8.56%, 3 years – 5 stars (381 funds) 10.32%, 5 years – 5 stars (304 funds) 13.11%, 10 years – 5 stars (152 funds) 6.83%. Mackenzie Strategic Income Fund Series F, Canadian Neutral Balanced category: 1 year – n/a stars 8.06%, 3 years - 4 stars (476 funds) 4.74%, 5 years - 4 stars (357 funds) 7.34%, 10 years - 5 stars (152 funds) 6.82%. Mackenzie Global Strategic Income Fund Series F, Global Neutral Balanced category: 1 year – n/a stars 5.98%, 3 years – 5 stars (916 funds) 7.53%, 5 years – 5 stars (620 funds) 9.59%, 10 years – 5 stars (187 funds) 6.26%. Mackenzie Income Fund Series F, Canadian Fixed Income Balanced category: 1 year – n/a stars 2.78%, 3 years - 5 stars (425 funds) 4.18%, 5 years - 5 stars (314 funds) 6.09%, 10 years - 4 stars (130 funds) 4.82%.

Mackenzie Canadian Growth Balanced Fund (Series A) was awarded the 2016 Thomson Reuters Lipper Fund Award for best three-year performance in the Canadian Equity Balanced category for the period ended July 31, 2016, out of a total of 63 funds. Performance for the fund for the period ended August 31, 2017 was as follows: 7.3% (1 year), 9.04% (3 years), 11.81% (5 years), 5.65% (10 years) and 6.79% (since inception) in November 1996. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years), 5 (5 years), 5 (10 years).

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.