Mackenzie Investments announced Sept. 28 that the Mackenzie US Small-Mid Cap Growth Class and Mackenzie US Small-Mid Cap Growth Currency Neutral Class will be soft capped as of Oct. 29, 2020 due to capacity constraints.

The funds will be closed to new investments, except for purchases from the following types of investors: those that hold securities of the funds as of Oct. 29 and investors with a systematic plan and those who purchase through a discretionary account and whose advisor has signed an acknowledgement of portfolio management registration with Mackenzie.

"Mackenzie US Small-Mid Cap Growth Class and Mackenzie US Small-Mid Cap Growth Currency Neutral Class have delivered very strong performance versus their benchmark and peers, and that has resulted in sustained asset growth in recent years," said Kristi Ashcroft, Senior VP and Head of Product, Mackenzie Investments. "Closing these funds to new investors should help ensure that we protect the integrity of the portfolio managers' investment process and that additional strong inflows do not hinder the managers' ability to meet the funds' investment objectives. We believe this is in the best interest of investors."