Toronto-based Mackenzie Financial Corp. announced a subadvisor change to Canadian Value Class (Sionna) on Thursday.

Foyston, Gordon & Payne Inc., a Toronto-based boutique value-oriented investment management firm, will be appointed subadvisor for the fund, effective Oct. 1.

Concurrent with this change, the fund will be renamed Canadian Value Class (FGP) to reflect the new subadvisor.

The fund is distributed exclusively through Quadrus Investment Services Ltd.