Mackenzie Canadian Growth Team | Mackenzie Investments

Mackenzie Canadian Growth Team

Awards & Rankings

The highest ratings given by the independent investment research firm Morningstar

Philosophy & Process

The Mackenzie Canadian Growth Team invests in North American companies as if we are the owners of the businesses, not as traders buying and selling pieces of paper. We get to know the management and understand the products and services of the companies in which we invest. We believe that what makes a company valuable is the ability to generate free cash flow; that is, the excess cash a company generates beyond what it needs to run its business. Strong management fosters the culture and intellectual capital required to create a valuable stream of free cash flow, so we invest in managers that are focused on creating value for shareholders over the long term. It is not enough to find high-quality companies. The price paid for an investment is extremely important and we will only buy a business when it is trading at a discount to our assessment of fair value.

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Portfolio Managers

David Arpin, MA, CFA

Senior Vice President, Portfolio Manager

Mackenzie Canadian Growth Team

Investment experience since 1995

Dina DeGeer, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie Canadian Growth Team

Investment experience since 1985

Shah Khan, MBA, CFA

Associate Portfolio Manager

Mackenzie Canadian Growth Team

Investment experience since 2010

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Morningstar Star Ratings reflect performance of Series F as of July 31, 2017 and are subject to change monthly. The ratings are an objective, quantitative measure of a fund’s historical risk-adjusted performance relative to other funds in its category. Only funds with at least a three-year track record are considered. The overall star rating for a fund is a weighted combination calculated from a fund’s 3, 5, and 10-year returns, as available, measured against the 91-day Treasury bill and peer group returns. A fund can only be rated if there are a sufficient number of funds in its peer group to allow comparison for at least three years. If a fund scores in the top 10% of its fund category, it gets 5 stars; if it falls in the next 22.5%, it receives 4 stars; a place in the middle 35% earns a fund 3 stars; those in the next 22.5% receive 2 stars; and the lowest 10% receive 1 star. For more details on the calculation of Morningstar Star Ratings, see morningstar.ca. Quartile rankings and peers beaten are calculated by Mackenzie Investments based on the fund series-level data Morningstar provides. The CIFSC categories, Star Ratings and number of funds in each category for the standard periods are: Mackenzie Canadian Growth Balanced Fund Series F, Canadian Equity Balanced category: 3 years – 5 stars (373 funds), 5 years – 5 stars (299 funds), 10 years – 5 stars (139 funds). Mackenzie Canadian Growth Fund Series F, Canadian Focused Equity category: 3 years – 5 stars (526 funds), 5 years – 5 stars (380 funds), 10 years – 5 stars (185 funds).

Mackenzie Canadian Growth Balanced Fund (Series A) was awarded the 2016 Thomson Reuters Lipper Fund Award for best three-year performance in the Canadian Equity Balanced category for the period ended July 31, 2016, out of a total of 63 funds. Performance for the fund for the period ended July 31, 2017 was as follows: 7.4% (1 year), 9.8% (3 years), 11.7% (5 years), 5.5% (10 years) and 6.8% (since inception) in November 1996. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years), 5 (5 years), 5 (10 years).

Mackenzie Canadian Growth Fund (Series A) was awarded the 2016 Thomson Reuters Lipper Fund Award for best three-year performance in the Canadian Focused Equity category for the period ended July 31, 2016, out of a total of 105 funds. Performance for the fund for the period ended July 31, 2017 was as follows: 23.4% (1 year), 14.2% (3 years), 16.0% (5 years), 6.9% (10 years) and9.9% (since inception) in January 1976. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years), 5 (5 years), 5 (10 years).

The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. From Thomson Reuters Lipper Awards, © 2016 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The Fundata FundGrade A+ Awards are presented annually to Canadian investment funds that achieve consistently high FundGrade scores through an entire calendar year. In 2016, 225 top-performing Canadian mutual funds, exchange traded funds, and segregated funds from 56 fund companies were awarded a FundGrade A+ Rating.  FundGrade A+ is a supplemental calculation to the FundGrade ratings and is performed at the end of each calendar year. Eligible funds must have received a FundGrade rating every month in the previous year. FundGrade A+ uses a “GPA-style” calculation, where monthly FundGrades from “A” to “E” receive scores from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded an A+ rating.

For more information on the FundGrade rating system, visit their corporate website.

The FundGrade A+ rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The FundGrade A+ rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year.