Investment Strategies
U.S. Mid Cap Equity at a Glance
Year Launched
2018
Geography
• U.S. equities
• Max. 10% in foreign equities
Market Cap
Between US$1.5 billion and
US$20 billion at initial purchase
Number of Holdings
Concentrated: 15-40
Portfolio Breakdown
Active Share
96%
Average Annual Turnover
15%
Position Sizing
Maximum 10% of market value in any one company
Sector Limits
Maximum 40% of market value in any one sector
Holding Period (%)
As at December 31, 2023.
Active Share
Active share measures the degree to which a fund differs from its respective benchmark — the higher the active share, the lower the fund’s correlation to its benchmark (100 being completely different from the benchmark and zero being a replica of the benchmark).
Active share is calculated for the Burgundy U.S. Mid Cap Equity Fund vs. the S&P MidCap 400 Index. Source: FactSet.
Average Annual Turnover
10-year average annual turnover is calculated using full calendar year portfolio turnover figures only. Partial inception year turnover figures are also excluded from the calculation, where applicable. Newer strategies are calculated since inception.
Portfolio Manager
STEVE BOUTIN, CFA
SENIOR VICE PRESIDENT, PORTFOLIO MANAGER
- Joined Burgundy in 2012
- 35 years of combined professional experience
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Deputy Portfolio Manager
OLIVER CARDOSO, CFA
VICE PRESIDENT, DEPUTY PORTFOLIO MANAGER
- Joined Burgundy in 2016
- 10+ years of combined professional experience
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Investment Team
Burgundy’s Investment Team consists of decentralized, autonomous, regional teams working in a unified, collaborative, idea-sharing environment in Toronto, Canada.
The Team concentrates on bottom-up fundamental research, frequently travelling around the world to study companies up close and meet with management teams face-to-face.
13
Portfolio Managers
17
Investment Analysts
469
Years Combined Experience
Contact us to learn more
KYLE COATSWORTH, CFA
VICE PRESIDENT, HEAD OF INSTITUTIONAL
