Fund Profiles

Canadian Bond Fund

  • As at June 30, 2015
  • Morningstar RatingTM: 3Stars RED
  • Fund Manager:
    Michael Crofts, CFA
    James Redpath, CFA
  • Fund Inception Date: June 21, 1991
  • Fund Net Asset Value: $1,445.0 million
  • Total Net Asset Value (Series A): $100.0 million
  • Net Asset Value Per Unit: $13.15
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 0.73% (as at Dec 31, 2014)
  • Fund Code: MAW100

Ready to Invest?

What does this Fund Invest In?

The Fund invests primarily in bonds and debentures of Canadian government and corporate issuers. Treasury bills or short-term investments, not exceeding three years to maturity, may still be used from time to time.

Investor Suitability

Investors seeking income and stability. Low to medium risk.

Investment Strategy

Portfolios are all investment grade. Core positions in Government of Canada bonds are established based on the shape of the yield curve and level of interest rates. To add value, we construct enhanced positions in provincial, municipal and corporate bonds based on yield spread, security selection, and trading strategies.


Net Performance

 

1-Yr

3-Yr

5-Yr

10-Yr

Mawer Canadian Bond Fund

5.1

3.0

4.4

4.2

FTSE TMX Canada Universe
Bond Index

6.3

3.4

5.1

5.0


Number of Holdings:

84


Sector Weights

CBF SectorWeights 2Q15


Top 25 Holdings

% Share

Canada Housing Trust No 1 2.35% Dec 15, 2018

5.3

Government of Canada 2.75% Jun 01, 2022

4.3

Government of Canada 2.25% Jun 01, 2025

4.3

Canada Housing Trust No 1 FRN Sep 15, 2019

4.1

Province of Quebec 3.00% Sep 01, 2023

4.0

Government of Canada 4.00% Jun 01, 2041

3.9

Government of Canada 3.50% Dec 01, 2045

3.8

Province of Ontario 4.65% June 02, 2041

3.6

Province of Ontario 2.85% Jun 2, 2023

3.1

Canada Housing Trust No 1 2.40% Dec 15, 2022

2.9

Province of British Columbia 2.85% Jun 18, 2025

2.4

Government of Canada 3.25% Jun 01, 2021

2.3

Province of Ontario FRN Aug 28, 2018

2.2

Toronto-Dominion Bank 2.621% Dec 22, 2021

2.1

Province of Ontario 3.50% Jun 02, 2024

1.8

Government of Canada 1.50% Mar 01, 2020

1.7

Province of Quebec 4.50% Dec 01, 2020

1.6

Bank of Nova Scotia 2.898% Aug 3, 2022 (c2017)

1.5

Province of Quebec 3.50% Dec 01, 2045

1.5

Province of British Columbia 3.30% Dec 18, 2023

1.5

Royal Bank of Canada 1.59% Mar 23, 2020

1.4

NAV Canada 1.949% Apr 19, 2018

1.3

Province of Ontario 2.10% Sep 08, 2018

1.2

407 International Inc 3.35% May 16, 2024

1.2

Hydro One Inc 3.20% Jan 13, 2022

1.1


Read Full Disclosure

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.

© 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.

Ready to Invest?

Learn more