January 31, 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 November 30, 2025)
| Name | Percent |
|---|---|
| Canadian Equity | 29.2 |
| Foreign Bonds | 25.1 |
| US Equity | 17.3 |
| Domestic Bonds | 13.8 |
| International Equity | 7.8 |
| Cash and Equivalents | 6.1 |
| Income Trust Units | 0.9 |
| Other | -0.2 |
| Name | Percent |
|---|---|
| Canada | 48.4 |
| United States | 41.7 |
| United Kingdom | 1.7 |
| France | 1.3 |
| Japan | 1.1 |
| Germany | 1.0 |
| Taiwan | 0.6 |
| Bermuda | 0.5 |
| Switzerland | 0.5 |
| Other | 3.2 |
| Name | Percent |
|---|---|
| Fixed Income | 38.9 |
| Financial Services | 13.4 |
| Technology | 9.0 |
| Energy | 6.4 |
| Cash and Cash Equivalent | 6.1 |
| Basic Materials | 5.9 |
| Consumer Services | 3.9 |
| Industrial Services | 3.9 |
| Industrial Goods | 3.1 |
| Other | 9.4 |
Growth of $10,000 (since inception)
For the period 12/12/2000 through 01/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $26,240
Fund details (as of November 30, 2025)
| Top holdings | Percent (%) |
|---|---|
| OVERNIGHT DEPOSITS | 2.8 |
| Royal Bank of Canada | 2.5 |
| Agnico Eagle Mines Ltd | 2.1 |
| Manulife Financial Corp | 1.7 |
| Microsoft Corp | 1.4 |
| Toronto-Dominion Bank | 1.4 |
| United States Treasury 4.63% 15-Feb-2055 | 1.4 |
| Canadian Natural Resources Ltd | 1.3 |
| Apple Inc | 1.2 |
| NVIDIA Corp | 1.2 |
| Total allocation in top holdings | 17.0 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 6.17% |
| Dividend yield | 2.09% |
| Yield to maturity | 5.15% |
| Duration (years) | 5.44% |
| Coupon | 4.83% |
| Average credit rating | BBB+ |
| Average market cap (million) | $801,427.2 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| 0.76 | 6.01 | 0.76 | 8.43 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 8.47 | 6.66 | 5.08 | 3.91 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 10.43 | 11.36 | 6.66 | -8.36 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| 13.83 | 9.22 | 9.85 | -9.80 |
Range of returns over five years (January 01, 2001 - January 31, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 9.73% | Mar 2025 | -2.32% | Mar 2020 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 4.02% | 91 | 221 | 21 |
fundgrade A+ logo
Fund category
Canadian Neutral Balanced
Inception date
December 12, 2000
Management expense ratio (MER)*
2.56%
(December 31, 2024)
Fund management
Mackenzie Investments
Net assets (million)
$271.6
Price
$524.80
Number of holdings
2420
Minimum Investment
$500
Fund codes
NL — CLGTO053
Contact information
Customer service centre
Toll free: 1-800-665-5758
Corporate website
Summary
For the period 12/12/2000 through 01/31/2026 with $10,000 CAD investment
Total returns performance
162.40%
Last price
$524.80 CAD
as of market close 01/31/2026
Value of $10,000 investment
$26,239.91 CAD
