Mawer Canadian Money Market Fund Profile

  • As at September 30, 2017
  • Morningstar RatingTM: N/A1
  • Fund Manager:
    Michael Crofts, CFA
    James Redpath, CFA
  • Fund Inception Date: February 19, 1988
  • Fund Net Asset Value: $204.5 million
  • Total Net Asset Value (Series A): $59.2 million 
  • Net Asset Value Per Unit: $10.00
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 0.47% (as at Dec 31, 2016)
  • 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

0.1

0.2

0.5

FTSE TMX 91 Day T-Bill Index

0.5

0.6

0.7

1.1

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 Holdings2:

6


Top Holdings

% Weight

Government Of Canada 0.0% 30-nov-2017

79.2

Government Of Canada 0.0% 05-oct-2017

13.9

Government Of Canada 0.0% 19-oct-2017

3.2

Government Of Canada 0.0% 16-nov-2017

3.2

Government Of Canada 0.0% 14-dec-2017

0.4

Government Of Canada 0.0% 02-nov-2017

0.1

Canadian Dollar

0.0

1   As of April 30th, 2013, Morningstar will no longer calculate a Morningstar RatingsTM for money market funds.

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

2   Equity holdings, excluding cash.

Read Full Disclosure

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts  and the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including 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. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mawer Funds are managed by Mawer Investment Management Ltd.

Additionally for money market funds, the performance data provided assumes reinvestment of distributions only 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 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 security at a constant amount or that the full amount of your investment in the fund will be returned to you.

© 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) 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.

The Morningstar Rating, commonly referred to as the Star Rating, relates how a fund has performed on a risk-adjusted basis against its Morningstar category peers and is subject to change every month. Funds are ranked by their Morningstar Risk-Adjusted Return scores with the top 10% of funds in a category receiving 5 stars, the top 22.5% receiving 4 stars; a fund in the middle 35% receiving 3 stars; and a fund in the bottom 22.5% receiving 2 stars. The Overall Star Rating for a fund is a weighted combination of its 3, 5 and 10 year ratings. Overall ratings are adjusted where a fund has less than 5 or 10 years of history. For greater detail see www.morningstar.ca.

 

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Toll-Free: +1 800 889 6248
Email: investing@mawer.com