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The Mackenzie North American Equity & Income Team invests in what they identify as the best value opportunities across North America. We believe that investing in companies with quality characteristics provides a better opportunity to close the value gap while limiting potential downside risk. Our expertise lies in the ability to tactically allocate across the market cap spectrum to potentially realize value from the best opportunities in the marketplace. We are disciplined, bottom-up investors that focus on the price we pay for a security, weighed against the relative risks to the portfolio for including that security. The team looks for companies that are diligent capital allocators with potential to generate sustainable cash flows. We believe in constructing well-diversified portfolios that have balanced exposures to different industries and sectors.
Investment experience since 2002
William Aldridge, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie North American Equities Team.
William’s career in the investment industry began in 2002 when he joined the equity research team at a Canadian investment bank. He joined Howson Tattersall Investment Counsel in 2006, and the company became part of Mackenzie Investments in 2008.
William has a BSc from the University of British Columbia, an MBA from the Richard Ivey School of Business and is a CFA charterholder.
Patricia joined Mackenzie North American Equity & Income Team in 2021. She oversees a team of senior equity portfolio managers, analysts and research experts who she’s been leading since 1991. She’s also the lead portfolio manager for the Canadian All Cap Growth equity mandate and has been associated with the portfolio since she joined the GLC team in 1987.
Patricia is a CFA charterholder and holds an honours Bachelor of Commerce degree from the University of Manitoba. She’s also a former president of the Winnipeg Society of Financial Analysts, past chair of the Winnipeg Humane Society and recipient of Canada’s Top 100 Most Powerful Women award.
Investment experience since 2000
Tim Johal, Vice President, Investment Management is a Portfolio Manager on the Mackenzie North American Equities Team.
Tim’s career in the investment management industry began in 2000. Prior to joining Mackenzie Investments, Tim held a Portfolio Manager role at a leading Canadian Financial services company with a focus on North American equity investing. Over his 19 years of experience in the industry, Tim has developed a deep knowledge and understanding of the financial services sector, particularly in Canada.
Tim has a Bachelor of Commerce (Honors) degree, with a major in Finance, from the University of Manitoba. He is also a CFA charterholder.
Investment experience since 1994
Scott Carscallen, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie North American Equities Team.
Scott’s career in the investment industry began in 1994. He joined Howson Tattersall Investment Counsel in 1999, and the company became part of Mackenzie Investments in 2008. His previous work experience included three years as an Equity Research Associate with a Canadian investment dealer, where he conducted fundamental research on a wide range of Canadian publicly listed companies.
Scott has a BBA (Hons.) from Wilfrid Laurier University, and he is a CFA charterholder.
Investment experience since 2003
Dongwei Ye, Vice President, Investment Management, is the Portfolio Manager on the Mackenzie Canadian Small Cap Value mandate.
Dongwei’s industry experience started in 2003. She joined Howson Tattersall Investment Counsel in 2006, which became part of Mackenzie Financial Corporation in 2008. Prior to joining this team, Dongwei spent three years at an investment research firm where she was an equity associate covering Canadian special situations.
Dongwei has a BA from Beijing Foreign Studies University, a Graduate diploma in Business Administration from the National University of Singapore and holds an MBA from McGill University. She is also a CFA charterholder.
Winner of the 2022 Fundata FundGrade A+ Awards for consistent and outstanding risk-adjusted performance in their respective categories
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.
Morningstar Star Ratings reflect performance of Series F as of Feburary 28, 2023 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 Canadian Dividend Fund F, Canadian Dividend & Income Equity Category: 3 years - 4 stars (397 funds), 5 years - 4 stars (362 funds), 10 years - 4 stars (216 funds). Mackenzie Canadian Small Cap Fund F, Canadian Small/Mid Cap Equity Category: 3 years - 4 stars (183 funds), 5 years - 4 stars (171 funds), 10 years - 4 stars (120 funds). Mackenzie Income Fund F, Canadian Fixed Income Balanced Category: 3 years - 4 stars (339 funds), 5 years - 4 stars (293 funds), 10 years - 5 stars (208 funds). Mackenzie Strategic Income Fund F, Canadian Neutral Balanced Category: 3 years - 4 stars (354 funds), 5 years - 4 stars (333 funds), 10 years - 4 stars (226 funds). Mackenzie Unconstrained Fixed Income Fund F, High Yield Fixed Income Category: 3 years - 4 stars (437 funds), 5 years - 4 stars (339 funds), 10 years - n/a stars (n/a funds).
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. For more information, see 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.
Mackenzie Canadian Equity Fund Series A was recognized for outstanding fund performance at the 2022 Fundata FundGrade A+ Awards in the Canadian Equity category out of a total of 371 funds. Performance for the fund for the period ended December 31, 2022 is as follows: -3.1% (1 year), 8.5% (3 years), 6.3% (5 years), 7.3% (10 years) and 9.0% (since inception- January 2009).
