Canadian Concentrated Growth Equity

Inception: July 1993¹

Benchmark: S&P/TSX Composite Total Return Index

Lead Portfolio Manager: Ben Fawcett, CFA

Investment Adviser: Mackenzie Financial Corporation

• A concentrated portfolio of high quality, large-cap stocks that are broadly diversified across sectors.
• Seeks to have higher return-on-invested capital attributes, higher growth metrics and a higher re-investment rate compared to the broad Canadian benchmark.
• Growth-oriented management style that combines top-down macro-analysis with bottom-up fundamental stock research.  
  

The Mackenzie GLC Team combines top-down macro-level analysis with fundamental bottom-up research. The team seeks to identify industry risks, competitive opportunities and macro trends to influence sector allocations. This top-down view is augmented by a disciplined and thorough fundamental due diligence process to identify companies that are positioned to outperform. Within well-defined risk parameters, the team seeks out companies across the market cap spectrum and will take meaningful positions in specific companies when opportunities present themselves.

• The team applies a deep fundamental analysis approach to stock selection and focuses on companies with strong business models, sustainable competitive advantages, proven management teams and a track record for generating return-on capital well in excess of their cost of capital.
• Using dynamic and proprietary financial models along with deep dive analysis into companies, the portfolio manager seeks to capture opportunities and manage risks that are mispriced or not yet priced into the market.
• Concentrated portfolio of 25 to 45 high-conviction holdings

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Investing involves risk.
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The Mackenzie Canadian Concentrated Growth Equity Composite contains fully discretionary, Canadian Concentrated Growth Equity accounts. New accounts are included in the Composite beginning with the first full month under management after they have been fully invested.

GIPS Compliance Statement
Mackenzie Investments claims compliance with the Global Investment Performance Standards (GIPS®).

Composite Description
The Canadian Concentrated Growth Equity Composite invests primarily in large-cap Canadian equities with a focus on capital growth over the long-term. Prior to January 1, 2021, the composite was known as the Canadian Focused Large Cap GARP composite. The composite was created on December 31, 2012.

Benchmark Description
The benchmark is the S&P/TSX Composite Total Return Index. The S&P/TSX Composite Total Return Index is a capitalization-weighted index that represents some of the largest float-adjusted stocks trading on the Toronto Stock Exchange.

List of Composites
A complete list of composite descriptions is available to prospective clients upon request. Please contact Dean Silver at dean.silver@mackenzieinvestments.com.