Putnam Investments Inc.

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Funds under management

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.

Portfolio managers

Richard Bodzy, MBA

Portfolio Manager
Putnam Investments Inc.

Investment experience since 2004

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

Portfolio Manager
Putnam Investments Inc.

Investment experience since 2008

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

Winner of the 2020 Fundata FundGrade A+ Awards® for consistent and outstanding risk-adjusted performance in their respective category

The highest ratings given by the independent investment research firm Morningstar

Insights

Insights

The case for growth investing

Over the last decade, growth outperformed value. But will the recent resurgence of value investing signal the beginning of the end for growth’s leadership?

Insights

Investing for the new decade

Portfolio managers of the Mackenzie US All Cap Growth Fund leverage a team of roughly 50 analysts and researchers, who look forcompanies with the ability to grow at above-market rates and to sustain that growth in most macroeconomic environments.

Insights

Why you need US equities in your portfolio

The US is known to be one of the most innovative countries in the world. By investing in US companies, your portfolio immediately gains exposure to a wider range of some of the biggest and most dynamic, fastest-growing companies in the world.

Investment Teams

Subadvisors

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 May 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 (1354 funds), 5 years - 5 stars (1023 funds), 10 years - 5 stars (358 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 2020 Fundata FundGrade A+ Awards in the U.S. Equity category out of a total of 888 funds. Performance for the fund for the period ended December 31, 2020 is as follows: 33.0% (1 year), 23.1% (3 years), 18.0% (5 years), 17.5% (10 years) and 10.3% (since inception- January 1995).    

Morningstar Star Ratings reflect performance of Series F units as of March 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 morningstar.ca.

The CIFSC categories, Star Ratings and number of funds in each category for the standard periods are: Mackenzie US All Cap Growth Fund F, U.S. Equity Category: 3 years - 5 stars (1348 funds), 5 years - 5 stars (927 funds), 10 years - 5 stars (347 funds).