Mackenzie Growth Team

We look for innovative, secular growth businesses that offer products and services that make the world better, cheaper, and faster.

Phil Taller

Senior Vice President, Portfolio Manager

Philosophy and process

The Mackenzie Growth Team aims to deliver superior performance over a full market cycle by investing in high-quality, innovative businesses of all sizes and in all sectors around the world. Portfolios are positioned and diversified to benefit from long-term secular growth themes in the macroeconomic environment. In our bottom-up portfolio construction approach, we examine a company to understand its business model, competitive advantages and the quality of its management team. Our goal is to accurately gauge the growth potential of the company. After rigorous analysis, we apply appropriate valuation techniques, typically discounted cash flow models, that guide our buy and sell decisions. We invest in companies whose stocks are trading at prices that do not fully reflect the sustainable growth prospects of the businesses. Companies are selected on their own merits and the focus is on industry leaders with unrecognized potential for strong growth. 

Portfolios are constructed to gain exposure to three tiers of investments. The majority are tier 1 companies that have long track records of consistent growth. Tier 2 growth companies, that are exposed to one region or limited products, make up the second largest portion of the portfolio. Tier 3 companies, which we consider to be high growth, fledgling enterprises generally make up the smaller portion of the portfolio.

Portfolio Managers

Phil Taller, MBA, CFA

Senior Vice President, Portfolio Manager

Mackenzie Growth Team

Investment experience since 1991

Phil Taller, Senior Vice President, Investment Management, is the lead Portfolio Manager on Mackenzie US Mid Cap Growth Class and Head of the Mackenzie Growth Team. Phil’s area of expertise is U.S. mid-cap stocks.

Phil has been managing US Mid Cap Growth Class since the Fund’s inception in 2002. His career in the investment industry began in 1991 as a Research Associate. Starting in 1995, Phil was at a leading Canadian mutual fund company as a Portfolio Manager on the Canadian equities team. His focus was on bottom-up company analysis, and he co-managed $10 billion in Canadian equities.

Phil has a Bachelor’s degree (Mathematics and Computer Science) from the University of Waterloo and an MBA from the Schulich School of Business at York University. He is also a CFA charterholder.

Sonny Aggarwal, MBA, CFA

Vice President, Portfolio Manager

Mackenzie Growth Team

Investment experience since 2000

Sonny Aggarwal, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Growth Team for the Mackenzie US Mid Cap Growth Class mandate.

He joined Mackenzie Investments in 2014.  Previously, Sonny worked at one of Canada's leading hedge fund firms, covering US equities. Prior to that, he worked as a research analyst at a small boutique investment firm for six years, covering US small- and mid-cap stocks. Sonny's career in the investment industry began in 2000. 

Sonny has a Bachelor of Commerce (Honours) degree from McGill University and an MBA from Oxford University.  He is also a CFA charterholder.

John Lumbers, CFA

Associate Portfolio Manager

Mackenzie Growth Team

Investment experience since 2012

John Lumbers is an Associate Portfolio Manager on the Mackenzie Growth Team for the Mackenzie US Mid Cap Growth Class mandate. He joined Mackenzie Investments in 2012.

John has a BA Honours degree in Applied Economics from Queen’s University. He is also a CFA charterholder.

Awards and rankings

Mackenzie US Mid Cap Growth Class (Series A)
Winner of the 2018 Fundata FundGrade A+ Awards® for consistent and outstanding risk-adjusted performance in their respective category

Insights

Fund Insights: Leverage the Future

Read this fund insight for details on the portfolio changes the Mackenzie Growth Team has made. Plus, learn more about the team’s investment approach to fundamentals analysis and the secular drivers.

5 minute read

Why Mackenzie US Mid Cap Growth Class

Using history as a guide, investors have an opportunity to capture strong risk-adjusted returns with US mid cap stocks.

5 minute read

Q2 2019 Commentary – Mackenzie Growth Team

US Mid Cap equities posted a modest rise in the second quarter after a negative turn in May. The Russell 2500 index returned +3.0% in US Dollars (0.7% in Canadian Dollars). Some of the more cyclical sectors such as Producer Durables, Materials and Financial Services performed well, as did Technology. Health Care slightly underperformed, while Consumer Discretionary was well behind the index.

5 minute read

Q1 2019 Commentary – Mackenzie Growth Team

US Mid Cap equities began the year with a strong rebound in the first quarter. The Russell 2500 index returned +15.4% in US Dollars (+13.3% in Canadian Dollars).

5 minute read

insights

Mackenzie Minute: November 2, 2018

Benoit Gervais, Portfolio Manager on the Mackenzie Resource Team, talks about the broader impact of recent economic events and his outlook on the economy and resources sector.

5 minute read

insights

Mackenzie Minute: April 6, 2018

Portfolio Manager Phil Taller explains how the Mackenzie Growth Team is positioning against the risk of a US economic slowdown.

5 minute read

Resources

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.

FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the "best of the best" among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from "A" to "E" receives a score 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 a FundGrade A+® Award.

  • Mackenzie US Mid Cap Growth Class Series A, US Small/Mid Cap Equity category: 1 year - (301 funds) 10.7%, 3 years - 5 stars (224 funds) 10.5%, 5 years - 4 stars (142 funds) 11.2%, 10 years - 4 stars (66 funds) 12.6%, since inception - 10.2% (November 8, 2002)

For more information, see http://www.fundgradeawards.com/. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.