Mawer Canadian Bond Fund
What Does The Fund Invest In?
The Fund invests primarily in bonds and debentures of Canadian government and corporate issuers. Treasury bills or short-term investments, not exceeding three years to maturity, may still be used from time to time.
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Fund Details - Series A
The information summarized below is for the quarter ended September 30, 2014
|Fund Manager:||Michael Crofts, CFA
|Inception Date:||June 14, 1991|
|Fund Net Asset Value:||
|Total Net Asset Value (Series A):||
|Net Asset Value Per Unit:||$12.80|
|Management Expense Ratio:||0.84% (as at Dec 31, 2013)|
Top 25 Holdings
|Government of Canada 4.00% Jun 01, 2041
|Province of Quebec 3.00% Sep 01, 2023
|Canada Housing Trust No 1 FRN Sep 15, 2017
|Canada Housing Trust No 1 1.70% Dec 15, 2017
|Government of Canada 3.50% Dec 01, 2045||3.1|
|Government of Canada 1.25% Sep 01, 2018
|Canada Housing Trust No 1 2.65% Mar 15, 2022
|Province of Ontario 4.65% Jun 02, 2041
|Province of Ontario FRN Aug 28, 2018
|Province of Ontario 2.85% Jun 2, 2023
|Government of Canada 3.25% Jun 01, 2021||2.4|
|Province of Ontario 3.50% Jun 02, 2024||2.1|
|Toronto-Dominion Bank 1.824% Apr 03, 2017||2.0|
|Province of Quebec 4.50% Dec 01, 2020||1.9|
|Government of Canada 3.50% Jun 01, 2020||1.9|
|Province of British Columbia 3.30% Dec 18, 2023||1.7|
|Province of Quebec 3.50% Dec 01, 2045||1.7|
|Government of Canada 2.50% Jun 01, 2024||1.7|
|Canada Housing Trust No 1 4.10% Dec 15, 2018||1.6|
|Canada Housing Trust No 1 2.35% Dec 15, 2018||1.5|
|Province of Ontario 2.10% Sep 08, 2018||1.5|
|Canada Housing Trust No 1 FRN Sep 15, 2019||1.5|
|Bank of Nova Scotia 2.74% Dec 01, 2016||1.4|
|Telus Corp 3.65% May 25, 2016||1.3|
|Number of Holdings:||84
|Mawer Canadian Bond Fund||5.6
|FTSE TMX Canada Universe Bond Index
Investors seeking income and stability. Low to medium risk.
Portfolios are all investment grade. Core positions in Government of Canada bonds are established based on the shape of the yield curve and level of interest rates. To add value, we construct enhanced positions in provincial, municipal and corporate bonds based on yield spread, security selection, and trading strategies.
† 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.