The following six Mawer Mutual Funds pay an income distribution monthly (on the last business day of the month): 

Please note: This distribution is comprised of any interest and dividends earned by the fund for that particular month. Should the fund not accrue income, it will not trigger a distribution for that month.

Global Balanced Fund
Balanced Fund
Tax Effective Balanced Fund
Global Bond Fund

Canadian Bond Fund
Canadian Money Market Fund

With the exception of the Mawer Canadian Money Market Fund, all of the Mawer Mutual Funds pay a year-end distribution. This distribution payout will comprise of net income and net realized capital gains. In December, the Mawer Canadian Money Market Fund will pay the normal monthly distribution at month-end.

2016 Year-End Distribution Dates:

Record Date* is Monday, December 19th
Payment date is Tuesday, December 20th

*If you are a unit holder of a Mawer fund, or have placed a trade purchasing a Mawer Fund on this date, you will receive the distribution.

View Mawer's FAQ on distributions here.


2016 Total Distributions

Note: These numbers are for illustrative purposes only. For official tax information, please contact your Investment Advisor.

Total Distributions for 2016 (per unit)

* As at December 15, 2016

Total Income*Yearly Capital Gains*Total Distributions*NAVPS
(Dec 20)
International Equity Fund 0.3845 1.0776 1.4621 49.7671
U.S. Equity Fund 0.0190 0.0000 0.0190 40.4480
Global Equity Fund 0.1017 0.0000 0.1017 22.6321
Global Small Cap Fund 0.1378 0.0000 0.1378 13.3940
Canadian Equity Fund 0.7273 0.0000 0.7273 63.2464
New Canada Fund 0.5837 2.0887 2.6725 73.3259
Balanced Fund 0.2829 0.0000 0.2829 25.7708
Tax Effective Balanced Fund 0.0744 0.0000 0.0744 32.0426
Global Balanced Fund 0.0265 0.0000 0.0265 13.4233
Global Bond Fund 0.0046 0.0000 0.0046 10.0712
Canadian Bond Fund 0.0080 0.0852 0.0932 12.8170
2015 Total Distributions

Total Distributions for 2015 (per unit)

* As at December 15, 2015

Total Income*Yearly Capital Gains*Total Distributions*NAVPS
(Dec 22)
International Equity Fund 0.3917 0.0947 0.4864 53.5517
U.S. Equity Fund 0.1222 2.2978 2.4200 37.9953
Global Equity Fund 0.1349 0.0000 0.1349 22.7482
Global Small Cap Fund 0.0805 0.0361 0.1166 13.8882
Canadian Equity Fund 0.6764 2.5087 3.1851 55.2737
New Canada Fund 0.6853 9.5338 10.2191 63.7446
Balanced Fund 0.2776 0.2384 0.5160 25.3530
Tax Effective Balanced Fund 0.3527 0.3684 0.7211 31.4770
Global Balanced Fund 0.1323 0.0161 0.1484 13.6527
Global Bond Fund 0.0042 0.0000 0.0042 10.9407
Canadian Bond Fund 0.2655 0.0510 0.3165 13.1198
Canadian Money Market Fund 0.0044 0.0000 0.0044 10.0000

Note: These numbers are for illustrative purposes only. For official tax information, please contact your Investment Advisor.

2014 Total Distributions
Total Distributions for 2014 (per unit)Total IncomeYearly Capital GainsTotal DistributionsNAVPS
International Equity Fund 0.3547 0.0834 0.4381 44.4970
U.S. Equity Fund 0.1023 0.6695 0.7718 33.4752
Global Equity Fund 0.0625 0.0000 0.0625 18.4445
Global Small Cap Fund 0.0476 0.0133 0.0609 10.6357
Canadian Equity Fund 0.6268 0.0000 0.6268 56.1766
New Canada Fund 0.5805 4.3369 4.9174 74.2162
Balanced Fund 0.2697 0.0000 0.2697 23.1780
Tax Effective Balanced Fund 0.3586 0.2682 0.6267 28.9348
Global Balanced Fund 0.1299 0.0000 0.1299 11.8498
Canadian Bond Fund 0.2683 0.0075 0.2758 13.0556
Canadian Money Market Fund 0.3680 0.0000 0.3680 10.000

Note: These numbers are for illustrative purposes only. For official tax information, please contact your Investment Advisor.

2013 Total Distributions
Total Distributions for 2013 (per unit)Total IncomeYearly Capital GainsTotal DistributionsNAVPS
International Equity Fund 0.3328 0.0000 0.3328 41.2171
U.S. Equity Fund 0.1363 0.0000 0.1363 28.4505
Global Equity Fund 0.0452 0.0423 0.0875 16.3651
Global Small Cap Fund 0.1017 0.1353 0.2370 9.8055
Canadian Equity Fund 0.6754 0.0000 0.6754 50.7544
New Canada Fund 0.3828 1.3741 1.7568 70.3334
Balanced Fund 0.2434 0.0000 0.2432 21.1829
Tax Effective Balanced Fund 0.3406 0.0000 0.3406 26.4543
Global Balanced Fund 0.0084 0.0000 0.0084 10.8025
Canadian Bond Fund 0.2385 0.0144 0.2529 12.4332
Canadian Money Market Fund 0.0400 0.0000 0.0400 10.0000

Note: These numbers are for illustrative purposes only. For official tax information, please contact your Investment Advisor.


 

Global Balanced Fund
DateNet Asset Value Per Share
(NAVPS)
Income
January 31, 2016 13.41 0.0066
February 28, 2016 13.13 0.0075
March 31, 2016 13.31 0.0129
April 30, 2016 13.06 0.0098
May 31, 2016 13.55 0.0185
June 30, 2016 13.44 0.0234
July 31, 2016 13.76 0.0036
August 31, 2016 13.79 0.0043
September 30, 2016 13.81 0.0118
October 31, 2016 13.57 0.0015
November 30, 2016 13.45 0.0075
December 31, 2016 13.46 0.0265
Total 0.1338
Balanced Fund
DateNet Asset Value Per Share
(NAVPS)
Income
January 31, 2016 24.92 0.0000
February 28, 2016 24.59 0.0000
March 31, 2016 25.14 0.0000
April 30, 2016 24.88 0.0000
May 31, 2016 25.65 0.0000
June 30, 2016 25.58 0.0000
July 31, 2016 26.18 0.0000
August 31, 2016 26.35 0.0000
September 30, 2016 26.50 0.0000
October 31, 2016 26.18 0.0000
 November 30, 2016  26.05  0.0000
 December 31, 2016  25.89 0.2829
Total 0.2829
Tax Effective Balanced Fund
DateNet Asset Value Per Share
(NAVPS)
Income
January 31, 2016 30.90 0.0307
February 28, 2016 30.48 0.0119
March 31, 2016 31.15 0.0322
April 30, 2016 30.81 0.0275
May 31, 2016 31.72 0.0434
June 30, 2016 31.59 0.0399
July 31, 2016 32.31 0.0202
August 31, 2016 32.51 0.0213
September 30, 2016 32.66 0.0252
October 31, 2016 32.25 0.0184
November 30, 2016 32.11 0.0178
December 31, 2016 32.19 0.0744
Total  0.3627
Canadian Bond Fund
DateNet Asset Value Per Share
(NAVPS)
Income
January 31, 2016 13.15 0.0352
February 28, 2016 13.16 0.0199
March 31, 2016 13.24 0.0211
April 30, 2016 13.19 0.0209
May 31, 2016 13.29 0.0212
June 30, 2016 13.50 0.0207
July 31, 2016 13.57 0.0217
August 31, 2016 13.55 0.0215
September 30, 2016 13.56 0.0203
October 31, 2016 13.40 0.0199
November 30, 2016 13.08 0.0206
December 31, 2016 12.91 0.0080
Total 0.2510
Global Bond Fund
DateNet Asset Value Per Share
(NAVPS)
Income
May 31, 2016 10.53 0.0113
June 30, 2016 10.60 0.0098
July 31, 2016 10.68 0.0103
August 31, 2016 10.69 0.0073
September 30, 2016 10.70 0.0051
October 31, 2016 10.63 0.0041
November 30, 2016 10.27 0.0095
December 31, 2016 10.22 0.0046
Total 0.0620

The Mawer Global Bond Fund was launched May 28, 2015.
Information for new mutual funds cannot be reported for its first year.

Canadian Money Market Fund
DateNet Asset Value Per Share
(NAVPS)
Income
January 31, 2016 10.00 0.0000
February 28, 2016 10.00 0.0000
March 31, 2016 10.00 0.0000
April 30, 2016 10.00 0.0000
May 31, 2016 10.00 0.0000
June 30, 2016 10.00 0.0000
July 31, 2016 10.00 0.0000
August 31, 2016 10.00 0.0001
September 30, 2016 10.00 0.0000
October 31, 2016 10.00 0.0000
November 30, 2016 10.00 0.0000
December 31, 2016 10.00 0.0001
Total  0.0002

Mutual fund distributions are by default re-invested, thereby purchasing additional units. A unitholder can opt to receive their distribution paid in cash.

The net effect of reinvested distributions is that the price of the fund will decline by the amount of the distribution, and additional units will be acquired by the unitholder which are equivalent in value to the amount of the distribution. The difference between the pre- and post-distribution fund price may be slightly different from the value of the distribution, due to fluctuations in the market value of the fund's holdings.

Example:
Pre-distribution holdings of 100 units in a fund that is valued at $10.00/unit for a total value of $1,000
The fund pays a distribution of $0.10/unit so the price will drop to $9.90 following the distribution ($990)

1.01 units in the fund ($0.10/$9.90) will be re-invested so the value of your investment remains unchanged (101.01 units x $9.90/unit = $1,000)

The Million Dollar Lesson

Using errors to become better investors.

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