September 30, 2026
An equity balanced fund that emphasizes long-term growth while also providing income.
Is this fund right for you?
- You’re looking to preserve your investment while still allowing it to grow.
- You want to invest in a combination of Canadian common shares, bonds and debentures.
- You're comfortable with a low to moderate level of risk.
RISK RATING
How is the fund invested? (as of July 31, 2026)
| Name | Percent |
|---|---|
| Canadian Equity | 28.8 |
| Foreign Bonds | 21.8 |
| Domestic Bonds | 19.0 |
| US Equity | 18.0 |
| International Equity | 7.7 |
| Cash and Equivalents | 3.7 |
| Income Trust Units | 0.9 |
| Other | 0.1 |
| Name | Percent |
|---|---|
| Canada | 49.8 |
| United States | 40.0 |
| United Kingdom | 1.8 |
| Japan | 0.9 |
| Norway | 0.9 |
| France | 0.8 |
| Germany | 0.8 |
| Switzerland | 0.7 |
| Ireland | 0.6 |
| Other | 3.7 |
| Name | Percent |
|---|---|
| Fixed Income | 40.8 |
| Financial Services | 15.1 |
| Technology | 9.3 |
| Energy | 7.2 |
| Basic Materials | 5.2 |
| Industrial Services | 3.9 |
| Cash and Cash Equivalent | 3.7 |
| Industrial Goods | 3.4 |
| Consumer Services | 3.0 |
| Other | 8.4 |
Growth of $10,000 (since inception)
For the period 07/09/2018 through 09/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $16,355
Fund details
| Top holdings | Percent (%) |
|---|---|
| Canada Government 3.25% 01-Jun-2035 | 3.2 |
| Royal Bank of Canada | 2.8 |
| Canada Government 3.50% 01-Dec-2057 | 2.7 |
| USD Currency | 1.8 |
| Manulife Financial Corp | 1.7 |
| Toronto-Dominion Bank | 1.7 |
| Agnico Eagle Mines Ltd | 1.5 |
| Canadian Pacific Kansas City Ltd | 1.4 |
| NVIDIA Corp | 1.4 |
| Canadian Natural Resources Ltd | 1.3 |
| Total allocation in top holdings | 19.5 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 6.03% |
| Dividend yield | 1.88% |
| Yield to maturity | 4.97% |
| Duration (years) | 5.11% |
| Coupon | 4.58% |
| Average credit rating | BBB+ |
| Average market cap (million) | $845,913.2 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| -1.53 | 4.69 | 6.09 | 7.13 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 12.23 | 6.81 | - | 6.16 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 11.30 | 12.24 | 7.49 | -7.60 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| 14.85 | 10.20 | 10.84 | - |
Range of returns over five years (August 01, 2018 - September 30, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 10.64% | Mar 2025 | 3.50% | Sep 2023 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 6.97% | 100 | 39 | 0 |
fundgrade A+ logo
Fund category
Canadian Neutral Balanced
Inception date
July 09, 2018
Management expense ratio (MER)*
-
Fund management
Mackenzie Investments
Net assets (million)
-
Price
$16.35
Number of holdings
5343
Minimum Investment
$100,000
Fund codes
FEL — CLGN053E
Contact information
Customer service centre
Toll free: 1-800-665-5758
Corporate website
Summary
For the period 07/09/2018 through 09/30/2026 with $10,000 CAD investment
Total returns performance
63.55%
Last price
$16.35 CAD
as of market close 09/30/2026
Value of $10,000 investment
$16,354.81 CAD
