Mackenzie Growth Team
We look for innovative, secular growth businesses that offer products and services that make the world better, cheaper, and faster.
Funds under management
- Mackenzie Global Small-Mid Cap Fund
- Mackenzie US Mid Cap Opportunities Fund
- Mackenzie US Small-Mid Cap Growth Class
- Mackenzie US Small-Mid Cap Growth Currency Neutral Class
- Mackenzie Global Small-Mid Cap Equity Class
- Mackenzie Global Small-Mid Cap Equity Fund
- Mackenzie US Mid Cap Opportunities Currency Neutral Fund
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.
Phil Taller, MBA, CFA
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
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
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
The highest ratings given by the independent investment research firm Morningstar
- Advisor feature page - Mackenzie Global Small-Mid Cap Fund PDF(Locked) 413 KB
- Fund Insights: Finding Diamonds in the Rough PDF(Locked) 517kb
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 units as of September 30, 2020 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 Small-Mid Cap Growth Class F, US Small/Mid Cap Equity Category: 3 years - 4 stars (266 funds), 5 years - 4 stars (179 funds), 10 years - 4 stars (74 funds). Mackenzie US Small-Mid Cap Growth Currency Neutral Class F, US Small/Mid Cap Equity Category: 3 years - 4 stars (266 funds), 5 years - 4 stars (179 funds), 10 years - 3 stars (74 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. Mid Cap Growth Class Series A was recognized for outstanding fund performance at the 2019 Fundata FundGrade A+ Awards in the U.S. Small/Mid Cap Equity category out of a total of 196 funds. Performance for the fund for the period ended December 31, 2019 is as follows: 20.0% (1 year), 13.4% (3 years), 12.0% (5 years), 13.5% (10 years) and 10.7% (since inception- November, 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.