Overview

Quick Facts

Daily Price

$15.26
-0.07% (-$0.01)
February 21, 2019
7-Day Performance 0.71%
Inception date June 27, 2008
CIFSC category Global Equity Balanced
AUM2 $918.19 million
MER 1.03% (as at 2017/12/31, includes HST)

Investment Highlights

The Fund follows the Mawer mantra of “Be Boring, Make Money”. The portfolio management team employs a long-term approach to managing a portfolio of high-conviction securities. Broad diversification measures are intended to provide overall stability to the portfolio. This approach seeks to achieve better than market rates of return together with lower than market levels of risk over full economic cycles.

Why Invest

This global balanced fund provides diversification across all major asset classes and employs a tax-effective overlay strategy to help minimize potential capital gains distributions at year-end. The equity selection process is based on Mawer's disciplined, fundamentally based bottom-up research process, which includes a strong focus on downside protection. Within fixed income, the Fund will take a core position in Canadian government debt.

Fund Details

Investment style GARP
Distribution frequency3 Annual
Distribution Yield4 2.19%
Management fee 0.73%
Positions 397
Risk Low to Medium
Min. investment $500.00 initial; $25.00 PAC
Sub-advisor Mawer Investment Management Ltd.
Fund Status Capped

Fund Codes (MMF)

F FT DCA
4602 1901

Performance5

Growth of $10,000 over 10 years

Jump to Range Total return for this timeframe

Compound Returns (%)

1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Inception
2.99 2.69 -1.05 2.99 1.22 5.95 7.70 10.11 7.98
1 month 2.99
3 months 2.69
6 months -1.05
YTD 2.99
1 year 1.22
3 years 5.95
5 years 7.70
10 years 10.11
Inception 7.98

Calendar Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
14.71 9.87 1.99 11.10 20.29 12.56 10.85 3.57 10.33 -0.75
2009 14.71
2010 9.87
2011 1.99
2012 11.10
2013 20.29
2014 12.56
2015 10.85
2016 3.57
2017 10.33
2018 -0.75

Portfolio Allocation as of December 31, 2018

Asset Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Equities 58.70
Fixed income 34.00
Cash and equivalents 7.30

Geographic Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Canada 56.86
United States 18.15
United Kingdom 6.62
Japan 2.19
Germany 2.02
Switzerland 1.84
France 1.61
Ireland 1.33
Sweden 1.23
China 0.84
Other 7.31

Sector Allocation (Equities) (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Financials 23.81
Industrials 20.97
Information technology 15.51
Consumer staples 8.75
Consumer discretionary 7.66
Health care 7.41
Materials 7.30
Telecommunication services 3.54
Energy 3.03
Real Estate 1.49
Utilities 0.52

Fixed Income Allocation (%)

See following table for detailed information. The pie slices display the relative value of each table entry.

Canadian government bonds 30.15
Canadian investment grade bonds 27.98
Canadian provincial bonds 25.38
Canadian corporate bonds 7.52
Floating rate bank loans 4.03
Canadian agency bonds 2.54
Mortgage-backed securities 0.92
U.S. investment grade bonds 0.90
Securitized 0.57

Top 10 Holdings6 (%)

Name Weight %
Gov. of Canada Treasury Bill, 2/21/2019 2.38
Canadian Treasury Bill 01/10/2019 Tbill 2.20
Gov. of Canada, 1%, 6/1/2027 2.07
Gov. of Canada, 4%, 6/1/2041 1.30
Canada Housing Trust No.1, 1.25%, 6/15/2021 1.26
Ontario (Province of), 3.45%, 6/2/2045 1.14
British Columbia (Province of), 3.3%, 12/18/2023 1.06
Gov. of Canada Treasury Bill, 1/24/2019 1.00
Gov. of Canada, 3.5%, 12/1/2045 0.99
Canada Housing Trust No.1, 2.25%, 12/15/2025 0.98

Distributions

Effective Date Net Asset Value Income Capital Gain Total Distribution Reinvestment Price
2019/02/21 $15.26
2019/02/20 $15.28
2019/02/19 $15.28
2019/02/15 $15.26
2019/02/14 $15.21
2019/02/13 $15.16
2019/02/12 $15.15
2019/02/11 $15.10
2019/02/08 $15.08
2019/02/07 $15.09
2019/02/06 $15.09
2019/02/05 $15.08
2019/02/04 $15.01
2019/02/01 $14.95
2019/01/31 $14.97
2019/01/30 $14.93
2019/01/29 $14.90
2019/01/28 $14.87
2019/01/25 $14.90
2019/01/24 $14.90
2019/01/23 $14.89
2019/01/22 $14.85
2019/01/21 $14.87
2019/01/18 $14.85
2019/01/17 $14.78
2019/01/16 $14.71
2019/01/15 $14.69
2019/01/14 $14.65
2019/01/11 $14.67
2019/01/10 $14.66
2019/01/09 $14.63
2019/01/08 $14.56
2019/01/07 $14.51
2019/01/04 $14.49
2019/01/03 $14.35
2019/01/02 $14.49
2018/12/31 $14.53
2018/12/28 $14.47 0.3170 0.8301 1.1470
2018/12/27 $15.57
2018/12/24 $15.29
2018/12/21 $15.38
2018/12/20 $15.49
2018/12/19 $15.55
2018/12/18 $15.61
2018/12/17 $15.55
2018/12/14 $15.66
2018/12/13 $15.76
2018/12/12 $15.79
2018/12/11 $15.76
2018/12/10 $15.75
2018/12/07 $15.75
2018/12/06 $15.91
2018/12/05 $15.99
2018/12/04 $15.88
2018/12/03 $16.06
2018/11/30 $16.02
2018/11/29 $15.99
2018/11/28 $16.01
2018/11/27 $15.85
2018/11/26 $15.84
2018/11/23 $15.76
2018/11/22 $15.76
2018/11/21 $15.82
2018/11/20 $15.73
2018/11/19 $15.85
2018/11/16 $15.92
2018/11/15 $15.93
2018/11/14 $15.87
2018/11/13 $15.89
2018/11/12 $15.84
2018/11/09 $15.97
2018/11/08 $15.97
2018/11/07 $15.99
2018/11/06 $15.88
2018/11/05 $15.83
2018/11/02 $15.81
2018/11/01 $15.82
2018/10/31 $15.73
2018/10/30 $15.65
2018/10/29 $15.56
2018/10/26 $15.58
2018/10/25 $15.61
2018/10/24 $15.49
2018/10/23 $15.72
2018/10/22 $15.81
2018/10/19 $15.81
2018/10/18 $15.76
2018/10/17 $15.85
2018/10/16 $15.86
2018/10/15 $15.70
2018/10/12 $15.77
2018/10/11 $15.68
2018/10/10 $15.77
2018/10/09 $16.01
2018/10/05 $16.08
2018/10/04 $16.12
2018/10/03 $16.22
2018/10/02 $16.23
2018/10/01 $16.28
2018/09/28 $16.33
2018/09/27 $16.46
2018/09/26 $16.39
2018/09/25 $16.37
2018/09/24 $16.36
2018/09/21 $16.41
2018/09/20 $16.40
2018/09/19 $16.36
2018/09/18 $16.41
2018/09/17 $16.39
2018/09/14 $16.41
2018/09/13 $16.39
2018/09/12 $16.34
2018/09/11 $16.41
2018/09/10 $16.43
2018/09/07 $16.40
2018/09/06 $16.46
2018/09/05 $16.47
2018/09/04 $16.51
2018/08/31 $16.50
2018/08/30 $16.47
2018/08/29 $16.46
2018/08/28 $16.40
2018/08/27 $16.45
2018/08/24 $16.42
2018/08/23 $16.38
2018/08/22 $16.39

Management

Travis Goldfeldt
Steven Visscher

Management Fee Reduction7

Account/Household Value Tiers All Qualifying Investments
$250K+ to $499K 2.5 basis points
$500K+ to $999K 5 basis points
$1M+ to $4.9M 7.5 basis points
$5M+ to $9.9M 10 basis points
$10M+ 12.5 basis points