The fund seeks long-term capital growth and income by investing primarily in equities issued by companies around the world and Canadian fixed income securities directly or through other investment funds.
Is this fund right for you?
- Are looking for a balanced fund to hold as part of their portfolio.
- Want a long-term investment.
- Can handle the volatility of stock and bond markets.
Risk Rating
How is the fund invested?
(as of December 31, 2024)
Asset allocation (%)
|
Name |
Percent |
|
Domestic Bonds |
34.9 |
|
US Equity |
31.1 |
|
International Equity |
20.4 |
|
Foreign Bonds |
7.0 |
|
Cash and Equivalents |
5.2 |
|
Canadian Equity |
1.4 |
Geographic allocation (%)
|
Name |
Percent |
|
Canada |
40.9 |
|
United States |
36.8 |
|
United Kingdom |
3.5 |
|
Japan |
3.1 |
|
China |
2.3 |
|
France |
2.1 |
|
Ireland |
1.8 |
|
Brazil |
1.2 |
|
New Zealand |
1.2 |
|
Other |
7.1 |
Sector allocation (%)
|
Name |
Percent |
|
Fixed Income |
41.9 |
|
Technology |
10.9 |
|
Financial Services |
9.9 |
|
Consumer Services |
5.5 |
|
Consumer Goods |
5.3 |
|
Cash and Cash Equivalent |
5.2 |
|
Industrial Services |
4.8 |
|
Healthcare |
4.8 |
|
Industrial Goods |
3.1 |
|
Other |
8.6 |
Growth of $10,000
(since inception)
Data not available based on date of inception
Fund details
(as of December 31, 2024)
Top holdings |
% |
Cash and Cash Equivalents |
3.6 |
Canada Government 3.00% 01-Jun-2034 |
2.5 |
Canada Government 2.75% 01-Dec-2055 |
1.8 |
Microsoft Corp |
1.6 |
Quebec Province 4.40% 01-Dec-2055 |
1.4 |
Alphabet Inc Cl A |
1.3 |
Alibaba Group Holding Ltd - ADR |
1.2 |
NVIDIA Corp |
1.2 |
Ontario Province 4.15% 02-Jun-2034 |
1.1 |
Apple Inc |
1.1 |
Total allocation in top holdings |
16.8 |
Portfolio characteristics |
|
Standard deviation |
9.2% |
Dividend yield |
2.5% |
Yield to maturity |
4.3% |
Duration (years) |
7.4 |
Coupon |
4.2% |
Average credit rating |
A |
Understanding returns
Annual compound returns (%)
1 MO |
3 MO |
YTD |
1 YR |
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3 YR |
5 YR |
10 YR |
INCEPTION |
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Calendar year returns (%)
2024 |
2023 |
2022 |
2021 |
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2020 |
2019 |
2018 |
2017 |
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Range of returns over five years
(August 1, 2017 - February 28, 2025)
Best return |
Best period end date |
Worst return |
Worst period end date |
8.1% |
Feb. 2025 |
3.6% |
Sept. 2022 |
Average return |
% of periods with positive returns |
Number of positive periods |
Number of negative periods |
5.2% |
100.0% |
32 |
0 |
(September 30, 2024)
Mackenzie Investments, Brandywine Global Investment Management, Canada Life Asset Management Limited
NL — MAX2159
Contact information
Toll free: 1-844-730-1633