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Fund Profile
Mackenzie Cundill Canadian Bal-AR
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Fund Sponsor: Mackenzie Investments
Portfolio Manager: Mackenzie Investments
Fund Type: Open-Ended

Asset Class: Canadian Equity Balanced
5-Star Rating:
RRSP Eligible: Yes

Inception Date: November, 2011
Total Assets: n/a
Sales Fee Type: Optional
Mgmt Expense Ratio (MER): 2.50%
Closed: No

Min. Invest (initial): $500.00
Subsequent: $100.00
Min. Invest (initial RRSP): $500.00
Subsequent RRSP: $100.00
Restricted: No


Statistics


As of May 29, 2015

Current Price: $14.03
Daily Change $: -$0.03
1 day: -0.23%
7 day: -0.57%
Month-to-Date: 1.07%
30 day: 1.36%
Year-to-Date: 1.92%

Returns as of April 30, 2015
Fund Group Avg Index*
1 month 0.38% 0.24% 0.24%
3 month -1.65% 2.00% 2.02%
6 month 3.04% 4.20% 4.25%
1 year 4.35% 6.24% 6.58%
3 year 11.11% 9.00% 9.20%
5 year n/a 6.47% 6.50%
10 year n/a 5.20% 5.06%
15 year n/a 5.28% 5.11%
20 year n/a 6.84% 6.61%
Since Inception n/a n/a n/a
3 year risk 6.35 5.72 4.80
3 year beta 0.94 1.01 1.00
* Index refers to Globe Canadian Eqt Balanced Peer Index

Top Holdings as of Jan 30, 2015
 
Canfor Corporation       5.87%
West Fraser Timber Co.       5.73%
Chesapeake Energy       5.49%
Celestica Inc.       4.73%
Granite REIT       4.69%
Citigroup       4.66%
American International Group       4.51%
POSCO       3.42%
BLACKBERRY LTD. 6.00% 11/12/2020 [REGS]       3.25%
Bank of America       2.53%
Extras

Charting
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Fund Report
Review and compare the current price and performance of all Mackenzie Investments

Fund Price History
View a 30-day price history for this fund

PDF Fund Profile



Distribution Report (18 Months Up To May 29, 2015)

Frequency of Income Distributions:  Quarterly
Frequency of Capital Gain Distributions:  Annually

Date Income
Dividend
Capital
Gain
Total 
(Current Period)
Trailing 12-
Months Total
Reinvestment
Price
Dec 20, 2013 0.0121 0.1260 0.1381 0.1441 13.060
Jun 20, 2014 0.0153   0.0153 0.1560 13.739
Dec 24, 2014 0.0011 0.2129 0.2140 0.2293 13.808
Mar 20, 2015 0.0118   0.0118 0.2411 13.875

Investment Objectives
The Fund pursues long-term capital growth by investing mainly in Canadian equity and fixed income securities. The levels of fixed income and equity securities will range between 30% and 70% of the Fund¿s assets, depending on the manager¿s assessment of economic and market factors. Any proposed change in the fundamental investment objectives of the Fund must be approved by a majority of the votes cast at a meeting of the Fund¿s investors called for that purpose.

Portfolio Composition

Asset Allocation
as of Jan 30, 2015

Sector Weightings
as of Jan 30, 2015

Stock    62.25%
Bond    35.20%
Cash and Short Term Securities    2.75%
Other    -0.20%
 
Financials 21.28%
Materials 17.06%
Energy 14.45%
Information Technology 4.73%
Industrials 2.49%
Consumer Discretionary 2.23%
Other 37.76%

Geographic Composition
as of Jan 30, 2015

Canada    62.64%
United States    24.95%
South Korea    3.43%
Netherlands    2.74%
Greece    0.57%
Australia    0.50%
Qatar    0.47%
New Zealand    0.47%
Hong Kong    0.40%
Other 3.83%

Portfolio Manager(s)

Lawrence Chin, CFA Manager
Mackenzie Investments
Start Date: November, 2011
Fund Return: 12.22%
Lawrence Chin, Senior Vice President, Investment Management, is co-lead of the Mackenzie Cundill Team. Lawrence analyzes and researches Canadian companies. Lawrence¿s career in the investment industry began in 1999, when he joined Cundill Investment Management Research Ltd. as an Investment Analyst. Cundill, which has been a sub-advisor to Mackenzie Investments since 1998, was subsequently purchased in 2006. Lawrence has a BBA (Finance and Accounting) from Simon Fraser University. He is also a CFA charterholder.
Also manages: IG Mac Cundill Global Value-A, IG Mac Cundill Global Value-Cl A, Mackenzie Cundill Canadian Bal-C, Mackenzie Cundill Cdn Security Cl-A, Mackenzie Cundill Cdn Security-A, Mackenzie Cundill Value Cl-A, Mackenzie Cundill Value-A, Mackenzie Cundill Value-C, Mackenzie Glo Diversified Eq Cl-A
  
Dan Cooper, CFA Manager
Mackenzie Investments
Start Date: May, 2013
Fund Return: 9.77%
Dan Cooper, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. His current role encompasses the management of over $1.7 billion of high-yield bonds and loans. Dan¿s career in the investment industry began in 2003. He joined Mackenzie Investments in 1997, working in various non-investment related capacities before joining the Mackenzie Fixed Income Team as a High-Yield Analyst in 2006. Dan has a Bachelor of Administrative Studies degree from York University, and he is a CFA charterholder.
Also manages: Mackenzie Cundill Canadian Bal-C
  
Felix Wong CFA, MBA Manager
Mackenzie Investments
Start Date: May, 2013
Fund Return: 9.77%
Felix Wong, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. In his current role, he is responsible for developing trade ideas and overseeing the implementation of tactical portfolio management across investment-grade portfolios. Felix also contributes to corporate credit research on Canadian companies in various market sectors. Felix¿s career in the investment industry began in 1988. He joined Howson Tattersall Investment Counsel in 1999, and the company became part of Mackenzie Investments in 2008. His previous roles included serving as Assistant Vice President of credit at a large international bank, where he analyzed corporate lending transactions to Canadian corporations, as well as acting as a Research Analyst covering Asian-Pacific industries and companies. Felix has BSc and MBA degrees from the University of Toronto. He is also a CFA charterholder.
Also manages: Mackenzie Canadian Bond-A, Mackenzie Canadian Grw Balanced-A, Mackenzie Canadian Large Cap Bal-A, Mackenzie Canadian Money Market-A, Mackenzie Canadian Short Term Inc-A, Mackenzie Cdn Concentrated Equity-A, Mackenzie Cdn Growth A, Mackenzie Cdn Money Market Cl-A, Mackenzie Cundill Canadian Bal-C
  
Movin Mokbel, MBA, CFA Manager
Mackenzie Investments
Start Date: May, 2013
Fund Return: 9.77%
Movin Mokbel, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. Movin contributes to the management of high-yield bond mandates, including analyzing corporate issuers across several high-yield bond sectors and in the leveraged loan market. Movin¿s career in the investment industry began in 2000, and he joined the Mackenzie Fixed Income Team in 2012. His previous experience includes roles as a High-Yield Analyst and deal-structuring investment banker. Movin received a BSc from York University, as well as an MBA from the University of Toronto. He is also a CFA charterholder.
Also manages: Mackenzie Cundill Canadian Bal-C
  
Steve Locke, CFA, MBA Manager
Mackenzie Investments
Start Date: May, 2013
Fund Return: 9.77%
Steve Locke, Senior Vice President, Investment Management, is lead of the Mackenzie Fixed Income Team. Steve¿s career in the investment industry began in 1995. He joined Howson Tattersall Investment Counsel in 2003, and the company became part of Mackenzie Investments in 2008. Prior to 2003, Steve¿s work experience included five years managing insurance, pension, and retail segregated fund portfolios in Canada, as well as several years as a Credit Analyst and Bond Trader. Steve has a BA from York University and an MBA from the Schulich School of Business. He is also a CFA charterholder.
Also manages: IG MK Strat Inc Fd A, Mackenzie Canadian All Cap Bal-IS, Mackenzie Canadian Bond-A, Mackenzie Canadian Grw Balanced-A, Mackenzie Cdn Concentrated Equity-A, Mackenzie Cdn Growth A, Mackenzie Cundill Canadian Bal-C, Mackenzie Global Strategic Inc-T5, Manulife GIFe 1 Sentinel Income
  
Konstantin Boehmer Manager
Mackenzie Investments
Start Date: July, 2013
Fund Return: 9.69%
Konstantin Boehmer, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Fixed Income Team. He focuses on actively managing global fixed income using fundamental and quantitative/technical strategies. Konstantin¿s career in the investment industry began in 2003, and he joined Mackenzie Investments in July 2013. Konstantin began his portfolio management career with an asset management company in Germany. In 2009, he transferred to the company¿s New York office, achieving progressively senior portfolio management positions. Konstantin¿s focus throughout his career has been the active management of global sovereign, quasi-sovereign, and emerging markets yield curves and currencies. He has also managed inflation-linked fixed income products. Konstantin has a Bachelor First Class Honours degree (European Business and Spanish) from the University of Hertfordshire in the U.K.
Also manages: Mackenzie Cundill Canadian Bal-C
  
Alain Bergeron, CFA Manager
Mackenzie Investments
Start Date: August, 2014
Fund Return: 3.94%
Alain Bergeron, Senior Vice President, Investment Management, is lead of the Mackenzie Asset Allocation Team and head of alternative strategies. He is responsible for portfolio risk oversight and asset allocation for Mackenzie Investments¿ managed asset program and multi-manager funds. Alain¿s career in the investment industry began in 2000. He has been with Mackenzie Investments since 2013. Before joining Mackenzie Investments, Alain worked in investment management at one of Canada¿s largest public pension plans for over 10 years, where he advanced to the role of Vice President and Head of Global Tactical Asset Allocation. He has also been an institutional trader at a major Canadian bank. Alain holds a BBA (Finance and Quantitative Methods) and an MSc (Financial Engineering), both from HEC Montréal. He is a CFA charterholder and holds the Chartered Market Technician designation. Alain has also developed and taught finance courses at HEC Montréal and is a recipient of the HEC 2009 Relève d¿Excellence award which recognizes leadership excellence under 35.
Also manages: Mackenzie Cundill Canadian Bal-C, Mackenzie Glo Diversified Eq Cl-A
  

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