July 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 May 31, 2026)
| Name | Percent |
|---|---|
| Canadian Equity | 29.2 |
| Foreign Bonds | 22.8 |
| Domestic Bonds | 18.3 |
| US Equity | 17.3 |
| International Equity | 7.1 |
| Cash and Equivalents | 4.2 |
| Income Trust Units | 0.8 |
| Other | 0.3 |
| Name | Percent |
|---|---|
| Canada | 51.4 |
| United States | 38.3 |
| United Kingdom | 1.8 |
| Japan | 1.1 |
| Norway | 0.9 |
| France | 0.9 |
| Germany | 0.8 |
| Taiwan | 0.8 |
| Spain | 0.5 |
| Other | 3.5 |
| Name | Percent |
|---|---|
| Fixed Income | 41.1 |
| Financial Services | 13.8 |
| Technology | 9.7 |
| Energy | 7.0 |
| Basic Materials | 6.1 |
| Cash and Cash Equivalent | 4.2 |
| Industrial Services | 4.0 |
| Industrial Goods | 3.3 |
| Consumer Services | 2.9 |
| Other | 7.9 |
Growth of $10,000 (since inception)
For the period 07/09/2018 through 07/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $16,793
Fund details (as of May 31, 2026)
| Top holdings | Percent (%) |
|---|---|
| Canada Government 3.25% 01-Jun-2035 | 3.3 |
| Royal Bank of Canada | 2.6 |
| Canada Government 2.75% 01-Dec-2055 | 2.2 |
| Agnico Eagle Mines Ltd | 1.7 |
| Toronto-Dominion Bank | 1.7 |
| OVERNIGHT DEPOSITS | 1.6 |
| Manulife Financial Corp | 1.6 |
| NVIDIA Corp | 1.4 |
| Apple Inc | 1.4 |
| Canadian Pacific Kansas City Ltd | 1.4 |
| Total allocation in top holdings | 18.9 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 6.26% |
| Dividend yield | 1.93% |
| Yield to maturity | 4.99% |
| Duration (years) | 5.01% |
| Coupon | 4.60% |
| Average credit rating | BBB+ |
| Average market cap (million) | $904,743.5 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| 0.22 | 5.90 | 6.80 | 12.89 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 11.59 | 7.14 | - | 6.64 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 11.66 | 12.60 | 7.84 | -7.35 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| 15.09 | 10.43 | 11.07 | - |
Range of returns over five years (August 01, 2018 - July 31, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 10.94% | Mar 2025 | 3.75% | Sep 2023 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 7.27% | 100 | 37 | 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
$16.79
Number of holdings
5252
Minimum Investment
$100,000
Fund codes
FEL — CLGN053A
Contact information
Customer service centre
Toll free: 1-800-665-5758
Corporate website
Summary
For the period 07/09/2018 through 07/31/2026 with $10,000 CAD investment
Total returns performance
67.93%
Last price
$16.79 CAD
as of market close 07/31/2026
Value of $10,000 investment
$16,793.20 CAD
