Fund Profiles

Balanced Fund

  • As at June 30, 2015
  • Morningstar RatingTM: 5Stars RED
  • Fund Manager:
    Greg Peterson, CFA
  • Fund Inception Date: February 12, 1988
  • Fund Net Asset Value: $1,776.5 million
  • Total Net Asset Value (Series A): $1,243.6 million
  • Net Asset Value Per Unit: $24.85
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 0.96% (as at Dec 31, 2014)
  • Trading Expense Ratio: 0.04%  (as at Dec 31, 2014)
  • Fund Code: MAW104

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What does this Fund Invest In?

The Fund invests in Canadian, US, and International equity securities, as well as bonds and debentures of Canadian government and corporate issues primarily through funds managed by Mawer.

Investor Suitability

Investors seeking long-term growth at medium risk.

Investment Strategy

The Manager’s traditional equity approach of systematically buying wealth creating companies at a discount to intrinsic value is used to construct the equity part of the portfolio. The fixed income part of the portfolio follows our traditional fixed income approach of focusing on sector allocation, security selection, and trading strategies. For asset mix, the Manager analyzes which combination of asset classes is most likely to offer the most attractive risk/return characteristics within a medium to long-term time frame, and carries out asset mix changes gradually to reduce risk.


Net Performance

 

1-Yr

3-Yr

5-Yr

10-Yr

Mawer Balanced Fund

11.7

15.2

13.0

8.1

Internal Balanced Benchmark*

7.7

11.8

9.9

6.4

* 5% FTSE TMX 91 Day T-Bill Index, 35% FTSE TMX Canada Universe Bond Index, 15% S&P/TSX Composite Index, 15% S&P 500 Index (CAD), 15% MSCI EAFE Index (Net, CAD), 7.5% BMO Small Cap Index (Blended, Weighted) and 7.5% Russell Global Small Cap Index (Gross, CAD)


Number of Holdings (Equities):

6

Number of Countries:

26


Equity Sector Weights

BAL SectorWeights 2Q15


Asset Mix

BAL AssetMix 2Q15


Top Holdings

% Share

Mawer Canadian Bond Fund Series O 31.1
Mawer US Equity Fund Series O 20.5
Mawer International Equity Fund Series O 17.4
Mawer Canadian Equity Fund Series O 11.7
Cash Equivalents 8.2
Mawer Global Small Cap Fund Series O 7.1
Mawer New Canada Fund Series O 3.9

Read Full Disclosure

This document is for information purposes only. Please consult the Simplified Prospectus or Fund Facts before investing.

The prospectus and other information about the underlying investment funds are available on the internet at www.sedar.com.

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.

© 2015 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.

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