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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 other funds managed by Mawer that invest in debentures of Canadian government and corporate issues or in those securities directly.

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Fund Details - Class A

The information summarized below is for the quarter ended December 31, 2013.

Fund Manager:
Greg Peterson, CFA
Fund Code:
Inception Date: February 12, 1988
Fund Net Asset Value: $1,078.8 million
Total Net Asset Value (Class A): $657.0 million
Net Asset Value Per Unit: $21.14
RRSP Eligibility: Yes
Management Expense Ratio: 0.96% (as at Dec 31, 2013)


Top 10 Holdings


% Share

Mawer Canadian Bond Fund Class O 30.6
Mawer U.S. Equity Fund Class O 20.8
Mawer International Equity Fund Class O 15.5
Mawer Canadian Equity Fund Class O 13.1
Mawer Global Small Cap Fund Class O 9.1
Mawer New Canada Fund Class O 6.1
Canadian Treasury Bill Feb 13, 2014 2.9
Canadian Treasury Bill Jan 16, 2014 0.9
Canadian Treasury Bill Feb 27, 2014 0.5
Mawer Canadian Money Market Fund Class O 0.2
Number of Holdings:
Number of Countries: 28

Asset Mix


Equity Sector Weights

Asset Mix - Mawer Canadian Balanced Retirement Savings Fund


Performance (Net)


1-yr 3-Yr 5-Yr
Mawer Balanced Fund 20.2 11.3 12.0 7.8
Internal Balanced Benchmark* 14.6 7.8 9.3 6.3

  *     5% DEX 91 Day T-Bills, 35% DEX Universe Bond, 15% S&P/TSX Composite, 15% S&P 500 (CAD), 15% MSCI EAFE ND (CAD), 7.5% BMO Small Cap (Blended, Weighted) and 7.5% Russell Global Small Cap (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.

This document is for information purposes only.  Please consult the Simplified Prospectus or Fund Fact before investing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Total net returns are net of all fees and expenses of the funds.  These returns are the historical annualized compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Index returns do not include fees, commissions, and transaction costs.

**  This is a synopsis of the actual Investment Strategy. Please see the Simplified Prospectus for the complete Investment Strategy.

© 2013 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is 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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