The information expressed herein is as of March 31, 2013 and is subject to change without notice. 

“Mackenzie Institutional” is a division of Mackenzie Financial Corporation (“Mackenzie Investments”) and is used to identify the institutional investment management and institutional client relationship activities of Mackenzie Investments and certain affiliates, including Mackenzie Investments Corporation.

Investment involves risk.

The contents of this document are provided for illustrative and marketing purposes and do not constitute specific advice regarding your personal investment situation or provide specific individual advice about investment, insurance, financial, legal, accounting, tax or similar matters. Certain information contained in this document is obtained from third parties. Mackenzie Investments believes such information to be accurate and reliable as at the date hereof, however, we cannot guarantee that it is accurate or complete or current at all times. The information provided is subject to change without notice and Mackenzie Investments cannot be held liable for any loss arising from any use of or reliance on the information contained in this document. No portion of this communication may be reproduced or distributed to anyone without the express permission of Mackenzie Investments.

The Mackenzie Canadian Microcap Value Composite contains fully discretionary, Canadian Microcap Value accounts. New accounts are included in the Composite beginning with the first full month under management after they have been fully invested.

GIPS Compliance Statement

Mackenzie Investments claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Mackenzie Investments has been independently verified for the periods January 1, 2008 through December 31, 2012. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. The Canadian Microcap Value Composite has been examined for the periods January 1, 2008 through December 31, 2012. The verification and performance examination reports are available upon request.

Firm Overview

Mackenzie Investments provides investment management and related services through multiple distribution channels. Assets under management as at March 31, 2013 were C$64.3 billion. We provide our investment management expertise through mutual funds, pooled funds, segregated accounts, and separate accounts for retail and institutional investors. Mackenzie Investments is dedicated to generating consistently superior long-term investment returns for its clients. The Firm is a member of the IGM Financial Inc. (TSX:IGM) group of companies.

Composite Description

The Canadian Microcap Value Composite seeks to provide superior long-term capital appreciation by investing in a portfolio of undervalued micro capitalization Canadian equities. Portfolios within the composite may use derivatives for hedging and non-hedging purposes and engage in short selling in a manner considered appropriate to pursuing the investment objectives of the composite. As of March 31, 2013, neither strategy has been utilized. The composite was created on December 31, 2012.

Benchmark Description

The benchmark is the S&P/TSX Small Cap Total Return Index. The S&P/TSX Small Cap Total Return Index is an index of approximately 200 Canadian companies listed on the Toronto Stock Exchange with market capitalization between $100 million and $1.5 billion.

Reporting Currency

Valuations and composite performance are reported in Canadian dollars. The composite includes Canadian dollar portfolios.  

List of Composites