Mawer Global Equity Fund
What Does The Fund Invest In?
The Fund invests in equity securities of companies from around the world. The Manager will allocate capital to the best global opportunities, which may include both large and small capitalization companies. Treasury bills or short-term investments, not exceeding three years to maturity, may also 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.
||Paul Moroz, CFA
Jim Hall, CFA
|Inception Date:||October 22, 2009|
|Fund Net Asset Value:||$718.1 million|
|Total Net Asset Value (Series A):||$157.8 million|
|Net Asset Value Per Unit:||$17.79|
|Management Expense Ratio:||1.45%† (as at Dec 31, 2013)
Top 25 Equity Holdings
|Wells Fargo & Co
|Roche Holdings AG
|Verizon Communications Inc
|Becton Dickinson and Co
|General Electric Co
|Jardine Matheson Holdings Ltd
|JPMorgan Chase & Co||2.1|
|Illinois Tool Works Inc||2.0|
|Nihon Kohen Corp||1.9|
|Deutsche Boerse AG||1.9|
|United Technologies Corp||1.8|
|Constellation Software Inc/Canada||1.8|
|Time Warner Cable Inc||1.8|
|EI du Pont de Nemours & Co||1.8|
|DBS Group Holdings Ltd||1.7|
|Procter & Gamble Co||1.7|
|Exxon Mobil Corp||1.7|
|Rolls-Royce Holdings PLC||1.7|
|Number of Holdings (Equities):||75|
|Number of Countries:||18|
Top 10 Countries
|Mawer Global Equity Fund
|MSCI World Index (Net, CAD)
Investors seeking long-term above‑average growth who can tolerate equity volatility. Medium to high risk.
In order to achieve its investment strategy objectives, the Manager systematically creates a broadly diversified portfolio of wealth-creating companies with excellent management teams bought at discounts to their intrinsic values. The Manager employs a highly disciplined, research-driven, bottom-up process and long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.
† The Fund’s expenses are made up of the management fee and operating expenses. These costs comprise the Fund’s MER. The Fund’s annual management fee is 1.15% of the Fund’s value. Because this fund is new, its operating expenses are relatively large in comparison to the fund’s assets. The actual MER for the fund was 1.49% however the management of Mawer has committed to subsidize the operating expenses of the Fund from its inception so that the MER is no more than 1.45%. Management plans to review the subsidy periodically with the intent to remove the subsidy once the MER of the Fund has stabilized from asset growth at approximately 1.45%. After the subsidized period ends the actual MER for the Fund may be higher than 1.45%.
†† 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.