January 31, 2026
A Canadian low-volatilty fund that seeks long-term growth.
Is this fund right for you?
- You want your money to grow over a longer term.
- You want a smoother ride over the long term and are looking to protect against downside risk when investing in the Canadian equity market.
- You're comfortable with a moderate level of risk.
RISK RATING
How is the fund invested? (as of January 31, 2026)
| Name | Percent |
|---|---|
| Canadian Equity | 94.7 |
| Cash and Equivalents | 3.0 |
| Income Trust Units | 1.7 |
| International Equity | 0.6 |
| Name | Percent |
|---|---|
| Canada | 97.5 |
| Australia | 0.6 |
| United States | 0.4 |
| Other | 1.5 |
| Name | Percent |
|---|---|
| Financial Services | 30.0 |
| Consumer Services | 13.0 |
| Basic Materials | 11.8 |
| Energy | 11.4 |
| Utilities | 7.0 |
| Industrial Services | 6.5 |
| Consumer Goods | 4.9 |
| Telecommunications | 3.5 |
| Real Estate | 3.2 |
| Other | 8.7 |
Growth of $10,000 (since inception)
For the period 07/09/2018 through 01/31/2026 tr.with $10,000 CAD investment, The value of the investment would be $19,938
Fund details (as of January 31, 2026)
| Top holdings | Percent (%) |
|---|---|
| Toronto-Dominion Bank | 4.2 |
| Bank of Nova Scotia | 3.5 |
| National Bank of Canada | 2.9 |
| Canadian Imperial Bank of Commerce | 2.9 |
| Royal Bank of Canada | 2.8 |
| Dollarama Inc | 2.8 |
| Hydro One Ltd | 2.8 |
| Sun Life Financial Inc | 2.7 |
| Bank of Montreal | 2.7 |
| George Weston Ltd | 2.6 |
| Total allocation in top holdings | 29.9 |
| Portfolio characteristics | Value |
|---|---|
| Standard deviation | 8.39% |
| Dividend yield | 2.43% |
| Yield to maturity | - |
| Duration (years) | - |
| Coupon | - |
| Average credit rating | Not rated |
| Average market cap (million) | $66,102.1 |
Understanding returns
Annual compound returns (%)
| 1 MO | 3 MO | YTD | 1 YR |
|---|---|---|---|
| 0.25 | 10.62 | 0.25 | 18.02 |
| 3 YR | 5 YR | 10 YR | INCEPTION |
|---|---|---|---|
| 14.34 | 13.51 | - | 9.55 |
Calendar year returns (%)
| 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|
| 20.47 | 22.40 | 5.85 | -3.22 |
| 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|
| 22.08 | -4.54 | 17.87 | - |
Range of returns over five years (August 01, 2018 - January 31, 2026)
| Best return | Best period end date | Worst return | Worst period end date |
|---|---|---|---|
| 13.51% | Jan 2026 | 4.51% | Sep 2023 |
| Average return | % of periods with positive returns | Number of positive periods | Number of negative periods |
|---|---|---|---|
| 8.65% | 100 | 31 | 0 |
fundgrade A+ logo
Fund category
Canadian Equity
Inception date
July 09, 2018
Management expense ratio (MER)*
-
Fund management
Mackenzie Investments
Net assets (million)
-
Price
$19.94
Number of holdings
89
Minimum Investment
$100,000
Fund codes
FEL — CLGU068E
Contact information
Customer service centre
Toll free: 1-877-566-5433
Corporate website
Summary
For the period 07/09/2018 through 01/31/2026 with $10,000 CAD investment
Total returns performance
99.38%
Last price
$19.94 CAD
as of market close 01/31/2026
Value of $10,000 investment
$19,938.23 CAD
