Mackenzie Global Equity & Income Team
We focus on great dividend paying franchises across all countries and industries.
Philosophy and process
The Mackenzie Global Equity & Income Team aims to provide investors with solid long term returns and miti- gated volatility along with strong dividend yields and dividend growth. The Team seeks to select high quality companies that generate strong returns on equity, pay higher dividend yields, and are run with more robust capi- tal structures than the benchmark. We buy companies that operate at the high end of their value chain when they trade below our estimated intrinsic value. These quality businesses possess predictable economics and generate consistently high returns on invested capital and free cash flow conversion, which supports their ability to sustain dividend payouts over the long run.
Moreover, our companies have tended to demonstrate a strong track record of growing their dividends during varied economic conditions and interest rate cycles. Portfolio investments are diversified across sectors and countries around the world.
Darren McKiernan , CFA
Investment experience since 1995
Darren McKiernan, Senior Vice President, Investment Management, is Head of the Mackenzie Global Equity & Income Team.
Darren’s career in the investment industry began in 1995. Prior to joining Mackenzie Investments, he was Vice President and Lead Portfolio Manager of a major global dividend fund at a leading investment man- agement company. Before that, Darren was a co-manager at a global value-based investment firm, where he focused on U.S. equities.
Darren has a BComm (Hons.) from the University of Manitoba and is a CFA charterholder.
Eugene Profis, MBA, CFA
Investment experience since 2005
Eugene Profis, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Global Equity & Income Team.
Eugene’s career in the investment industry began in 2005. Prior to joining Mackenzie Investments, he was Vice President at a leading global value-based investment firm, where he co-managed a large-cap U.S. fund.
Eugene has Business Administration (Hons.) and MBA degrees from the Richard Ivey School of Business at the University of Western Ontario. He is also a CFA charterholder.
Ome Saidi , MBA, CFA
Investment experience since 2007
Ome Saidi, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Global Equity & Income Team.
Ome’s career in the investment industry began in 2007. He worked as an Investment Analyst at a leading global value-based investment firm, focusing on European equities. He also worked at a U.K.-based firm, specializing in North American equities.
Ome has a BComm (Finance) from the University of Toronto, as well as an MBA from the London Business School. He is also a CFA charterholder.
Awards and rankings
Winner of the 2018 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 and commentary
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. 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 October 30, 2019 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. Quartile rankings and peers beaten are calculated by Mackenzie Investments based on the fund series-level data Morningstar provides.
The CIFSC categories, Star Ratings and number of funds in each category for the standard periods are: Mackenzie Canadian Dividend Fund Series F, Canadian Dividend and Income Equity category: 3 years - 4 stars (538 funds), 5 years - 4 stars (388 funds), 10 years - 3 stars (204 funds). Mackenzie Global Dividend Fund Series F, Global Equity category: 3 years - 4 stars (1493 funds), 5 years - 5 stars (978 funds), 10 years - 5 stars (495 funds). Mackenzie Global Strategic Income Fund Series F, Global Neutral Balanced category: 3 years - 4 stars (1204 funds), 5 years - 4 stars (873 funds), 10 years - 5 stars (374 funds). Mackenzie Income Fund Series F, Canadian Fixed Income Balanced category: 3 years - 5 stars (478 funds), 5 years - 5 stars (379 funds), 10 years - 5 stars (180 funds). Mackenzie Strategic Income Fund Series F, Canadian Neutral Balanced category: 3 years - 5 stars (555 funds), 5 years - 4 stars (415 funds), 10 years - 5 stars (143 funds). Mackenzie USD Global Strategic Income Fund Series F, Global Neutral Balanced category: 3 years - 5 stars (1204 funds), 5 years - n/a stars (n/a funds), 10 years - n/a stars (n/a 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.
· 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.