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Mawer Balanced Fund

What Does the Fund Invest In?

The Fund invests in Canadian, US, and International equity securities, as well as bonds and debentures of Canadian government and corporate issues primarily through funds managed by Mawer.

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Fund Details - Series A

The information summarized below is for the quarter ended March 31, 2015.

Fund Manager:
Greg Peterson, CFA
Fund Code:
Inception Date: February 12, 1988
Fund Net Asset Value: $1,703.4 million
Total Net Asset Value (Series A): $1,170.8 million
Net Asset Value Per Unit: $25.16
RRSP Eligibility: Yes
Management Expense Ratio: 0.96% (as at Dec 31, 2014)


Top Holdings


% Share

Mawer Canadian Bond Fund Series O 31.1
Mawer US Equity Fund Series O 21.2
Mawer International Equity Fund Series O 17.4
Mawer Canadian Equity Fund Series O 12.4
Cash Equivalents 7.0
Mawer Global Small Cap Fund Series O 7.0
Mawer New Canada Fund Series O 3.9
Number of Holdings:
Number of Countries: 27

Asset Mix



Equity Sector Weights



Net Performance


1-yr 3-Yr 5-Yr
Mawer Balanced Fund 15.4 15.4 12.5 8.5
Internal Balanced Benchmark* 11.6

  *     5% FTSE TMX 91 Day T-Bill Index, 35% FTSE TMX Canada Universe Bond Index, 15% S&P/TSX Composite Index, 15% S&P 500 Index (CAD), 15% MSCI EAFE Index (Net, CAD), 7.5% BMO Small Cap Index (Blended, Weighted) and 7.5% Russell Global Small Cap Index (Gross, CAD)

Investor Suitability

Investors seeking long-term growth at medium risk.

Investment Strategy

The Manager’s traditional equity approach of systematically buying wealth creating companies at a discount to intrinsic value is used to construct the equity part of the portfolio. The fixed income part of the portfolio follows our traditional fixed income approach of focusing on sector allocation, security selection, and trading strategies. For asset mix, the Manager analyzes which combination of asset classes is most likely to offer the most attractive risk/return characteristics within a medium to long-term time frame, and carries out asset mix changes gradually to reduce risk.

Mawer Fund returns are calculated after management fees and operating expenses have been deducted. In comparison, index returns do not incur management fees or operating expenses.

This document is for information purposes only. Please consult the Simplified Prospectus or Fund Facts before investing.

Mutual funds are not guaranteed. Values can change frequently and past performance is not indicative of future performance. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. (Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per share or that the full amount of your investment will be returned to you.)

Performance returns for the Mawer Mutual Funds are calculated by Mawer Investment Management Ltd. These returns are historical simple returns for the 1 year period and are annualized compounded total returns for periods after 1 year. They include changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.

Index returns are supplied by a third party – we believe the data to be accurate, however, cannot guarantee its accuracy.

© 2014 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) in not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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