Fund Profiles

Mawer Canadian Money Market Fund Profile

  • As at September 30, 2016
  • Morningstar RatingTM: N/A*
  • Fund Manager:
    Michael Crofts, CFA
    James Redpath, CFA
  • Fund Inception Date: February 19, 1988
  • Fund Net Asset Value: $191.3million
  • Total Net Asset Value (Series A): $46.8 million
  • Net Asset Value Per Unit: $10.00
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 0.52% (as at Dec 31, 2015)
  • Fund Code: MAW103

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What does this Fund Invest In?

This Fund invests in government treasury bills and bonds and corporate obligations maturing in 365 days or less. The Fund will have a dollar weighted average term to maturity of no more than 180 days, subject to certain conditions.

Investor Suitability

Investors seeking income from short term investments. Low risk.

Investment Strategy

Strategies used to achieve this Fund’s objective include interest rate anticipation, yield analysis, credit and spread analysis, and taking advantage of supply and demand anomalies.

 


Net Performance

 

1-Yr

3-Yr

5-Yr

10-Yr

Mawer Canadian Money Market Fund

0.0

0.2

0.2

0.8

FTSE TMX 91 Day T-Bill Index

0.5

0.7

0.8

1.5

Current yield is 0.00% which is an annualized historical yield based on 7-day period ended June 30, 2016. This does not represent actual 1-year return.


Number of Holdings:

6


Top Holdings

% Share

Government Of Canada 0.0% 06-oct-2016

39.9

Government Of Canada 0.0% 03-nov-2016

25.7

Government Of Canada 0.0% 01-dec-2016

24.6

Government Of Canada 0.0% 20-oct-2016

6.9

Government Of Canada 0.0% 15-dec-2016

2.1

Government Of Canada 0.0% 17-nov-2016

0.8

Canadian Dollar

0.1


* As of April 30th, 2013, Morningstar will no longer calculate a Morningstar Ratings™ for money market funds.

Mawer Fund returns are calculated after management fees and operating expenses have been deducted. In comparison, index returns do not incur management fees or operating expenses.

Read Full Disclosure

This document is for information purposes only. Before investing, please consult the simplified prospectus, available at www.sedar.com, and the Fund Facts. Both documents provide additional information about the funds.

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.

© 2016 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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