Mawer Tax Effective Balanced Fund
The manager intends to achieve its objective of above average, 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.
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Fund Details - Class A
The information summarized below is for the quarter ended September 30, 2013.
||Craig Senyk, CFA
|Inception Date:||January 8, 1988|
|Fund Net Asset Value:||$326.9 million|
|Total Net Asset Value (Class A):||$219.6 million|
|Net Asset Value Per Unit:||$24.85|
|Management Expense Ratio:||0.99% (as at 12/31/12)|
Top 10 Holdings
|Mawer Global Small Cap Fund Class O||8.7|
|Canadian Treasury Bill Oct 10, 2013||4.2|
|Government of Canada 1.50% Jun 01, 2023||2.6|
|Canada Housing Trust No 1 1.70% Dec 15, 2017||1.9|
|Canadian Treasury Bill Nov 07, 2013||1.9|
|Government of Canada 2.50% Jun 01, 2015||1.7|
|Province of Ontario 3.50% Jun 2, 2043||1.4|
|Canadian Treasury Bill Dec 19, 2013||1.3|
|Province of Quebec 3.00% Sep 01, 2023||1.3|
|Canada Housing Trust No 1 2.95% Mar 15, 2015||0.9|
|Number of Holdings:||277|
|Number of Countries:||27|
Equity Sector Weights
|Mawer Tax Effective Balanced Fund
|Internal Tax Effective Balanced Benchmark*||10.3||6.8||6.4||6.2|
* 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)
Investors seeking long-term growth at moderate risk with tax effectiveness.
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.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. 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.
© 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.