Mackenzie North American Equities Team

Proprietary insights driving high conviction investments with an active margin of safety.

Martin Downie

Senior Vice President, Portfolio Manager, Head of Team

Philosophy and process

The Mackenzie North American Equities 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.

Portfolio Managers

Martin Downie, CFA

Senior Vice President, Portfolio Manager, Head of Team

Mackenzie North American Equities Team

Investment experience since 1984

Martin Downie, Senior Vice President, Portfolio Manager, is Head of the Mackenzie North American Equities Team.

Martin's career in the investments industry began in 1984. Prior to joining Mackenzie Investments, he was Senior Vice President, Portfolio Manager and Head of Canadian Equities of a leading Canadian financial services company.

Martin's previous experience includes investment management roles with OMERS, one of Canada's largest pension plans. Prior to OMERS, Martin worked for a well-regarded investment management boutique that specialized in managing large third-party pension plans. Throughout his career Martin has established a proven track record based on a sound investment discipline and process.

Martin has a Bachelor of Commerce (Finance) from the University of Manitoba and is a CFA charterholder.

William Aldridge, MBA, CFA

Vice President, Portfolio Manager

Mackenzie North American Equities Team

Investment experience since 2002

William Aldridge, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie North American Equities Team. He covers the materials, energy, consumer discretionary and real estate investment trust sectors.

William’s career in the investment industry began in 2002. He joined Howson Tattersall Investment Counsel in 2006, and the company became part of Mackenzie Investments in 2008. Prior to 2006, William was an Equity Analyst at a Canadian independent broker-dealer covering real estate, transportation and special situations.

William has a BSc from the University of British Columbia, an MBA from the Richard Ivey School of Business and is a CFA charterholder.

Tim Johal, CFA

Vice President, Portfolio Manager

Mackenzie North American Equities Team

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.

Scott Carscallen, CFA

Vice President, Portfolio Manager

Mackenzie North American Equities Team

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.

Dongwei Ye, MBA, CFA

Vice President, Portfolio Manager

Mackenzie North American Equities Team

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.

Awards and rankings

Mackenzie Income Fund (Series A)
Winner of the 2018 Fundata FundGrade A+ Awards® for consistent and outstanding risk-adjusted performance in their respective category

Insights

Q2 2019 Commentary – Mackenzie North American Equities Team*

The portfolio management team remains constructive on the outlook for Canadian equities. Equity valuations look fair on an absolute basis but are compelling relative to the current level of interest rates.

5 minute read

Q1 2019 Commentary – Mackenzie North American Equities Team*

Our investment philosophy and process are primarily a bottom up strategy which focuses on investing in high quality companies which trade at a significant discount to fair value.

5 minute read

Mackenzie Minute: March 23, 2018

Portfolio Manager Adelaide Kim says the Mackenzie North American Equities Team is assessing risks to equity markets and the global economy from a potential trade war involving the US.

5 minute read

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 Income Fund Series A, Canadian Fixed Income Balanced category: 1 year - (533 funds) -2.2%, 3 years - (438 funds) 2.7%, 5 years - (358 funds) 3.5%, 10 years - (143 funds) 5.1%, since inception - 7.8% (September 30, 1974)

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.