Putnam Investments believes value’s recent outperformance is a short-term trend and that growth investing will continue to outperform over the long term.
Putnam Investments Inc.
Philosophy and process
Putnam Investments’ selects US stocks using a top down, bottom up approach that relies on blending investment themes with deep fundamental research. The team analyzes global trends, as well as problems and potential solutions, to identify which themes could drive sustained growth for businesses over a multi-year time horizon.
Richard Bodzy, MBA
Richard Bodzy is a Portfolio Manager for the Mackenzie US All Cap Growth Fund and a Portfolio Manager for Putnam Investments.
Richard has been in the investment industry since 2004 and joined Putnam in 2009. Previously, he served as an equity analyst, industrials, at a leading US-based financial services firm in 2008. From 2004 to 2006, Richard was a hedge fund analyst at a leading provider of independent investment research.
Richard earned a BA from the University of Michigan and an MBA from the Darden Graduate School of Business at the University of Virginia.
Gregory D. McCullough, CFA
Gregory McCullough is an Assistant Portfolio Manager for the Mackenzie US All Cap Growth Fund and a Portfolio Manager, Analyst for Putnam Investments.
Gregory has been in the investment industry since 2008 and joined Putnam in 2019. Previously, he served as a Senior Vice President, Senior Global Equity Analyst, at a leading US-based financial services firms in 2014 to 2019. From 2008 to 2013 he served as a Vice President, Global Equity Analyst.
Gregory earned a BA from Davidson College and an MBA from the Darden Graduate School of Business at the University of Virginia.
Awards and rankings
The highest ratings given by the independent investment research firm Morningstar
- Mackenzie Asia Team
- Mackenzie Betterworld Team
- Mackenzie Bluewater Team
- Mackenzie Cundill Team
- Mackenzie Europe Team
- Mackenzie Fixed Income Team
- Mackenzie GLC Team
- Mackenzie Global Equity & Income Team
- Mackenzie Global Quantitative Equity Team
- Mackenzie Greenchip Team
- Mackenzie Growth Team
- Mackenzie Ivy Team
- Mackenzie Multi-Asset Strategies Team
- Mackenzie North American Equities Team
- Mackenzie Portfolio Solutions Team
- Mackenzie Real Estate Team
- Mackenzie Resource Team
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, 2021 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 All Cap Growth Fund F, U.S. Equity Category: 3 years - 5 stars (1401 funds), 5 years - 5 stars (1098 funds), 10 years - 5 stars (397 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 U.S. All Cap Growth Fund Series A was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the U.S. Equity category out of a total of 833 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 16.7% (1 year), 25.9% (3 years), 20.9% (5 years), 19% (10 years) and 10.6% (since inception- January 1995).