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Mawer Canadian Bond Fund

What Does The Fund Invest In?

The Fund invests primarily in bond 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 - Class A

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

   
Fund Manager: Michael Crofts, CFA
Fund Code:
MAW100
Inception Date: June 14, 1991
Fund Net Asset Value:

$867.7 million

Total Net Asset Value (Class A):

$81.2 million

Net Asset Value Per Unit: $12.36
RRSP Eligibility: Yes
Management Expense Ratio: 0.84% (as at Dec 31, 2013)

 

Top 10 Holdings

 

% Share

Government of Canada 2.50% Jun 01, 2024 7.0
Canada Housing Trust No 1 1.70% Dec 15, 2017 5.7
Province of Quebec 3.00% Sep 01, 2023 5.2
Government of Canada 1.25%  Sep 01, 2018 5.0
Canada Housing Trust No 1 FRN Sep 15, 2017 4.1
Canada Housing Trust No 1 2.65% Mar 15, 2022 3.3
Province of Ontario 2.85% Jun 2, 2023 3.2
Province of Ontario FRN Aug 28, 2018 3.1
Province of Ontario 4.65% June 02, 2041 2.8
Canadian Treasury Bill Jan 03, 2014 2.5
   
Number of Holdings: 73

Sector Weights


Performance (Net)

 

1-yr 3-Yr 5-Yr
10-Yr
Mawer Canadian Bond Fund -2.2 3.3 4.0 4.4
DEX Universe Bond Index
-1.2 3.9 4.8 5.2

Investor Suitability

Investors seeking income and stability. Low to medium risk.


Investment Strategy*

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.


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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