The following six Mawer Mutual Funds pay a monthly income distribution on the last business day of the month:
Please note: This distribution is comprised of any interest and dividends earned by the Fund for that particular month. Should the Fund not accrue income, it will not trigger a distribution for that month.
- Global Balanced Fund
- Balanced Fund
- Tax Effective Balanced Fund
- Global Bond Fund
- Canadian Bond Fund
- Canadian Money Market Fund
With the exception of the Mawer Canadian Money Market Fund, all of the Mawer Mutual Funds pay a year-end distribution. This distribution payout will comprise of net income and net realized capital gains. In December, the Mawer Canadian Money Market Fund will pay the normal monthly distribution at month-end.
2017 Year-End Distribution Dates:
Record Date* is Tuesday, December 19th
Payment date is Wednesday, December 20th
*If you are a unit holder of a Mawer Mutual Fund, or have placed a trade purchasing a Mawer Mutual Fund on this date, you will receive the distribution.
View Mawer's FAQ on distributions here.
Mutual fund distributions are by default re-invested, thereby purchasing additional units. A unitholder can opt to receive their distribution paid in cash.
The net effect of reinvested distributions is that the price of the fund will decline by the amount of the distribution, and additional units will be acquired by the unitholder which are equivalent in value to the amount of the distribution. The difference between the pre- and post-distribution fund price may be slightly different from the value of the distribution, due to fluctuations in the market value of the fund's holdings.
Pre-distribution holdings of 100 units in a fund that is valued at $10.00/unit for a total value of $1,000
The fund pays a distribution of $0.10/unit so the price will drop to $9.90 following the distribution ($990)
1.01 units in the fund ($0.10/$9.90) will be re-invested so the value of your investment remains unchanged (101.01 units x $9.90/unit = $1,000)