In this podcast, Mackenzie Canadian Equity Fund Portfolio Manager, William Aldridge, talks about where he finds investment opportunities in Canada and how recent global events have impacted Canadian markets.
Mackenzie North American Equities 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.
Martin Downie, CFA
Martin Downie, Senior Vice President, is a Portfolio Manager and Team Co-Lead with 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.
Mark Jackson , CFA
Mark Jackson, Senior Vice President, is a Portfolio Manager and Team Co-Lead with the Mackenzie North American Equities Team.
Mark's career in the investments industry began in 1989. Prior to joining Mackenzie in 2019, he spent six years as a lead Portfolio Manager of several Canadian equity mandates at Investors Group.
Previously, Mark was Senior Vice President, Canadian Equities with NATCAN Investment Management in Toronto and spent 15 years at AEGON Capital where he was President, CEO and CIO.
Mark is a CFA charterholder.
William Aldridge, MBA, CFA
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.
Tim Johal, CFA
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
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
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
The highest ratings given by the independent investment research firm Morningstar
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 January 31, 2022 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 Equity Fund F, Canadian Equity Category: 3 years - 5 stars (551 funds), 5 years - 5 stars (466 funds), 10 years - 5 stars (240 funds). Mackenzie Canadian Dividend Fund F, Canadian Dividend & Income Equity Category: 3 years - 3 stars (411 funds), 5 years - 4 stars (354 funds), 10 years - 4 stars (203 funds). Mackenzie Canadian Small Cap Fund F, Canadian Small/Mid Cap Equity Category: 3 years - 5 stars (187 funds), 5 years - 4 stars (171 funds), 10 years - 4 stars (108 funds). Mackenzie Income Fund F, Canadian Fixed Income Balanced Category: 3 years - 4 stars (392 funds), 5 years - 5 stars (322 funds), 10 years - 5 stars (207 funds). Mackenzie Strategic Income Fund F, Canadian Neutral Balanced Category: 3 years - 4 stars (415 funds), 5 years - 4 stars (373 funds), 10 years - 4 stars (223 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 Income Fund Series A was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Canadian Fixed Income Balanced category out of a total of 289 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 3.6% (1 year), 6.9% (3 years), 4.5% (5 years), 4.9% (10 years) and 7.8 % (since inception- September 1974).