Mackenzie Growth Team

Discovering America’s future great companies

Our team

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Our insights

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Our funds & awards

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We uncover growth opportunities in smaller US companies, targeting high quality, relatively unknown innovators at the forefront of changing technology, consumer needs and attitudes. 

Growth through American dynamism

Our team digs deep to uncover smaller companies with unrealized growth potential. We scour the small-mid cap market in the US, where tomorrow’s great companies are being forged in the world’s most highly developed entrepreneurial ecosystem.

360o thinking

We research from all perspectives to identify opportunity and risk. Having a thorough understanding of each of our companies and their long-term picture allows us to invest with conviction, building concentrated portfolios of 35-45 holdings with minimal sector constraints.

Capitalizing on change

We invest in companies that are building a more efficient world. By identifying long-term trends, we can target sectors and industries that are at the forefront of change. Our ideal prospects are innovative companies that are making products and services better, faster, and more cost efficient.

Meet our team

Phil Taller, MBA, CFA

Senior Vice President, Portfolio Manager, Head of Team
Mackenzie Growth Team

Joined Mackenzie in 2002; investment experience since 1991

  • With decades of expertise in US mid-cap stocks, Phil has managed Mackenzie US Small-Mid Cap Growth Fund since inception in 2002
  • Formerly, managed $10 billion at a leading Canadian mutual fund company, focused on US equities and bottom-up company analysis as a Portfolio Manager on the Canadian Equities team
  • BMath; MBA from the Schulich School of Business

Sonny Aggarwal, MBA, CFA

Vice President, Portfolio Manager
Mackenzie Growth Team

Joined Mackenzie in 2014; investment experience since 2000

  • Covered US equities at one of Canada's leading hedge fund firms
  • Research analyst at a small boutique investment firm for six years, specializing in US small- and mid-cap stocks.
  • BComm; MBA from Oxford University

John Lumbers, CFA

AVP, Portfolio Manager
Mackenzie Growth Team

Joined Mackenzie in 2012; investment experience since 2012

  • 10 years in analyst and portfolio management roles on the Mackenzie Growth Team
  • Expertise in various growth-oriented sectors, including: healthcare, information technology, payments and fintech.
  • BA in Applied Economics from Queen’s University

Our insights

Video

Think small for big opportunities

Phil Taller, Senior Vice President, Head of the Mackenzie Growth Team, discusses the benefits of the Mackenzie Global Small-Mid Cap Fund.

Insight

Monthly Commentaries – Mackenzie Growth Team

Read the latest Mackenzie Growth Team commentaries to learn about their analysis of key market risks and opportunities.

Insight

The future reinvented: data & digitization

It’s no secret that organizations both large and small are seeking to make better use of the data they have — on their customers, their products and services, and their operations.

Insight

Why you need global small and mid caps in your portfolio

Canadian investors often feel more comfortable investing in large, stable and established Canadian companies. However, this can have a negative impact on your portfolio’s return potential and bring a lack of diversification.

Insight

Finding diamonds in the rough

US mid cap companies represent a sweet spot among American equities. Established businesses that are still nimble enough to capitalize on shifting trends can make attractive takeover targets – and these often net a premium price for shareholders.

Awards and rankings

Winner of the 2022 Lipper Funds Award from Refinitiv for the best 5-year performance in the US Small/Mid Cap Equity classification.

The highest ratings given by the independent investment research firm Morningstar

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The content of this web page (including facts, views, opinions, recommendations, descriptions of or references to, products or securities) is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it.

Morningstar Star Ratings reflect performance of Series F as of October 31, 2022 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 www.morningstar.ca.

Mackenzie US Small-Mid Cap Growth Fund F, U.S. Small/Mid Cap Equity Category: 3 years - 3 stars (202 funds), 5 years - 5 stars (171 funds), 10 years - 5 stars (94 funds). 

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

Mackenzie US Small-Mid Cap Growth Fund (Series F) was awarded the Refinitiv Lipper Fund Awards Canada 2022 Winner for Best US Small/Mid Cap Fund Over Five Years, out of 23 funds. Performance for the fund for the period ended September 30, 2022, is as follows: -13.7% (1 year), 4.7% (3 years), 9.7% (5 years), 13.4% (10 years) and 10.6% (since inception on January 09, 2003).

Refinitiv Lipper Fund Awards, ©2022 Refinitiv. All rights reserved. Used under license.