Mawer Tax Effective Balanced Fund
 |
 |
Investment Objective
The manager intends to achieve its objective of attractive long-term risk-adjusted returns with a measure of stability by tax effectively investing in Canadian, US, and International equity securities, as well as bonds and debentures of Canadian government and corporate issuers.
Download PDF version. (PDF 92 KB)
Fund Details - Class A
The information summarized below is for the quarter ended March 31, 2013.
| Fund Manager: |
Craig Senyk, CFA |
| Fund Code: |
MAW105 |
| Inception Date: | January 8, 1988 |
| Fund Net Asset Value: | $277.6million |
| Total Net Asset Value (Class A): | $183.9 million |
| Net Asset Value Per Unit: | $23.66 |
| RRSP Eligibility: | Yes |
| Management Expense Ratio: | 0.99% (as at 12/31/12) |
|
Top 10 Holdings |
% Share |
| Mawer Global Small Cap Fund Class O | 8.4 |
| Canadian Treasury Bill Jul 04, 2013 |
2.5 |
| Canadian Treasury Bill Jun 06, 2013 |
2.1 |
| Government of Canada 2.50% Jun 1, 2015 |
2.0 |
| Canadian Treasurey Bill Apr 25, 2013 |
1.9 |
| Canadian Treasury Bill May 09, 2013 |
1.8 |
| Province of Ontario 3.50% Jun 02, 2043 |
1.7 |
| Government of Canada 1.50% Jun 01, 2023 |
1.6 |
| Canada Housing Trust No 1 FRN Mar 15, 2017 |
1.4 |
| Province of Ontario 3.25% Sep 08, 2014 | 1.0 |
| Number of Holdings: | 274 |
| Number of Countries: | 27 |
Asset Mix
Equity Sector Weights
Performance (Net)
|
|
1-yr | 3-Yr | 5-Yr |
10-Yr |
| Mawer Tax Effective Balanced Fund |
11.9 |
9.5 |
5.8 |
7.9 |
| Internal Tax Effective Balanced Benchmark* | 7.9 |
7.1 |
4.2 | 7.1 |
* 5% DEX 91 Day T-Bills Index, 35% DEX Universe Bond Index, 15% S&P/TSX Composite TRI, 15% S&P 500 TRI (CAD), 15% MSCI EAFE TRI (CAD), 7.5% BMO Nesbitt Burns Small Cap TRI (Weighted) and 7.5% Russell Global Small Cap TRI (CAD)
Investor Suitability
Investors seeking long-term growth at moderate risk with tax effectiveness.
Investment Strategy
A combination of quantitative and qualitative variables are measured to determine the optimal asset mix for this Fund. The Manager analyzes the economy and markets with a view to determine which combination of asset classes is most likely to offer attractive risk/return characteristics within a medium to long-term time frame. Asset mix changes are carried out gradually to reduce risk. This Fund takes advantage of unlimited foreign exposure when attractive.
All foreign equity indices are gross of withholding taxes.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate(s) of return is (are) the historical annual compounded total return(s) including changes in [share or unit] value and reinvestment of all (dividends or distributions) and does (do) 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.
© 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.
Open an Account
Find out more with the self-serve toolbox.
Learn More
Contact Us
Mawer Mutual Fund Services
|
Phone: Toll-free: Fax: Email: |
(403) 262-4673 (888) 549-6248 (403) 267-6063 |