September 30, 2026
A fund that aims to find balance between long-term growth and consistent income.
Is this fund right for you?
- You want investment income and want your money to grow over time.
- You want to invest in a balance of equities and fixed income securities anywhere in the world.
- You're comfortable with a low to medium level of risk.
RISK RATING
How is the fund invested? (as of July 31, 2026)
| Name | Percent |
|---|---|
| US Equity | 56.3 |
| International Equity | 18.7 |
| Foreign Bonds | 17.0 |
| Domestic Bonds | 3.3 |
| Canadian Equity | 2.4 |
| Cash and Equivalents | 2.2 |
| Other | 0.1 |
| Name | Percent |
|---|---|
| United States | 64.8 |
| Canada | 8.0 |
| United Kingdom | 7.8 |
| France | 4.3 |
| Taiwan | 3.1 |
| Germany | 3.0 |
| Japan | 2.6 |
| Europe | 1.4 |
| Brazil | 1.1 |
| Other | 3.9 |
| Name | Percent |
|---|---|
| Technology | 21.7 |
| Fixed Income | 20.3 |
| Financial Services | 12.0 |
| Consumer Services | 10.0 |
| Industrial Goods | 9.5 |
| Healthcare | 8.6 |
| Industrial Services | 6.0 |
| Consumer Goods | 6.0 |
| Cash and Cash Equivalent | 2.2 |
| Other | 3.7 |
Growth of $10,000 (since inception)
For the period 07/12/2016 through 09/30/2026 tr.with $10,000 CAD investment, The value of the investment would be $22,256
Fund details (as of July 31, 2026)
| Top holdings | Percent (%) |
|---|---|
| Microsoft Corp | 4.3 |
| Alphabet Inc Cl A | 4.1 |
| Amazon.com Inc | 4.1 |
| Apple Inc | 3.6 |
| Amphenol Corp Cl A | 3.5 |
| Schneider Electric SE | 3.2 |
| Taiwan Semiconductor Manufactrg Co Ltd | 3.1 |
| Berkshire Hathaway Inc Cl B | 2.7 |
| Union Pacific Corp | 2.6 |
| Brookfield Corp Cl A | 2.4 |
| Total allocation in top holdings | 33.6 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 7.5% |
| Dividend yield | 1.3% |
| Yield to maturity | 5.0% |
| Duration (years) | 6.8% |
| Coupon | 3.8% |
| Average credit rating | AA- |
| Average market cap (million) | $1,436,694.3 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| -1.5 | 9.5 | 6.2 | 7.6 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 14.3 | 8.4 | 8.1 | 8.1 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 9.0 | 20.4 | 11.8 | -8.2 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| 9.0 | 12.5 | 12.7 | 2.3 |
Range of returns over five years (August 01, 2016 - September 30, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 10.9% | Mar 2025 | 4.1% | Jun 2022 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 7.5% | 100 | 63 | 0 |
Q2 2026 Fund Commentary
Commentary and opinions are provided by Mackenzie Investments.
Market commentary
The global economy steadied in the second quarter after the energy shock that dominated the start of the year. Crude oil prices stayed high through much of the quarter before retreating late in the period as tensions in the Middle East eased and shipping through the Strait of Hormuz began to resume. The pullback in oil lowered input costs for energy-importing economies and helped cool fears of a broader inflation shock.
Major central banks stayed cautious. The U.S. Federal Reserve Board (Fed) and the Bank of Canada both kept interest rates unchanged, and the Fed signaled that rate increases were possible later in the year. The European Central Bank raised its policy interest rates at its June meeting in response to rising inflationary pressures.
Global fixed income markets delivered mixed results. U.S. government bond yields rose as the market priced in the possibility of Federal Reserve rate increases, while Canadian yields eased late in the quarter. Investment-grade corporate bonds were broadly resilient, particularly energy-sector issuers, while high-yield bonds were mixed.
Global equity markets rose in the second quarter. Developed markets gained about 13%, led by a strong rally in the U.S. Japanese equities delivered a strong return, supported by firm economic data and continuing corporate governance reforms, though a weaker yen stayed in focus for policymakers. Emerging markets outperformed, rising close to 23%, led by extraordinary gains in South Korea and Taiwan on demand tied to artificial intelligence and semiconductors, while Chinese and Indian equities lagged.
Performance
Stock selection in the communication services sector contributed to performance, as did underweight exposure to energy and utilities. Relative exposure to Texas Instruments Inc., Alphabet Inc., Amphenol Corp. and W.W. Grainger Inc. contributed to performance.
Stock selection in the information technology, financials and health care sectors detracted from performance. Exposures to Accenture PLC, Halma PLC and Roper Technologies Inc. detracted from performance.
Portfolio activity
The sub-advisor increased Kaisa Group Holdings Ltd. and reduced InterContinental Hotels Group PLC, Alphabet Inc. and Texas Instruments Inc, among others.
Summary
For the period 07/12/2016 through 09/30/2026 with $10,000 CAD investment
Total returns performance
122.56%
Last price
$13.20 CAD
as of market close 09/30/2026
Value of $10,000 investment
$22,256.45 CAD
