Fund Profiles

Mawer Global Balanced Fund Profile

  • As at June 30, 2017
  • Morningstar RatingTM4Stars RED
  • Fund Manager:
    Greg Peterson, CFA
  • Fund Inception Date: July 2, 2013
  • Fund Net Asset Value: $720.8 million
  • Total Net Asset Value (Series A): $225.3 million
  • Net Asset Value Per Unit: $14.32
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 1.15% (as at Dec 31, 2016)
  • Trading Expense Ratio1: 0.07% (as at Dec 31, 2016)
  • Fund Code: MAW130

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What does this Fund Invest In?

The Fund invests primarily in equity and equity-related securities and fixed-income securities from around the world. The Fund may invest in any part of the capital structure in both public and private entities.

Investor Suitability

Investors seeking long-term growth at medium risk.

Investment Strategy

A bottom up approach is taken to construct this Fund. The equities are chosen on a global basis and are coupled with the stability of investment grade Canadian and Global bonds. Risk is further managed through extensive diversification across many industries, countries, and currencies.


Net Performance*

 

1-Yr

3-Yr

5-Yr

10-Yr

Mawer Global Balanced Fund

7.4

9.0

-

-

Internal Global Balanced Benchmark**

9.8

8.7

-

-

** Since October 2015: 20% FTSE TMX Canada Universe Bond Index, 20% Citi World Government Bond Index, and 60% MSCI World Index (Net).  Prior to October 2015: 5% 91-Day T-Bills, 35% FTSE TMX Canada Universe Bond Index, and 60% MSCI World Index (Net).


Number of Holdings2,4:

75

Number of Countries3,4:

21


 

 


Top 25 Holdings2

% Weight

Mawer Canadian Bond Fund Series O

26.3

Mawer Global Bond Fund Series O

7.6

Cash & Cash Equivalents

4.1

Alphabet Inc. Class C

2.4

Becton, Dickinson and Company

2.4

Aon plc

2.4

Wells Fargo & Company

2.2

S&P Global, Inc.

2.0

JPMorgan Chase & Co.

1.7

BlackRock, Inc.

1.7

IHS Markit Ltd.

1.5

Novartis AG Sponsored ADR

1.5

Verizon Communications Inc.

1.4

Deutsche Boerse AG

1.4

Roche Holding Ltd Genusssch.

1.3

China Mobile Limited

1.3

Johnson & Johnson

1.3

Constellation Software Inc.

1.2

DCC Plc

1.1

Brookfield Asset Management Inc. Class A

1.1

Intertek Group plc

1.1

WPP Plc

1.1

Procter & Gamble Company

1.0

Rogers Communications Inc. Class B

1.0

AMETEK, Inc.

1.0

1  The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net assets during the year. 

2  Fund level exposure.

3 Security level exposure.

4 Equity holdings, excluding cash.

*   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.

** Mawer Global Balanced Benchmark History:

    July 2013: 5% 91 Day Treasury Bill, 35% FTSE TMX Canada Universe Bond, 60% MSCI World Net (Cdn$) 
    Aug 2013: MSCI World Net (Cdn $) returns is used to calculate the blended benchmark from inception. Previously, MSCI World Gross (Cdn $) was used.
    Oct 2015: 20% FTSE TMX Canada Universe Bond, 20% Citi WGBI, 60% MSCI World Net (Cdn$)
    Oct 2016: 20% FTSE TMX Canada Universe Bond, 20% Citi WGBI, 60% MSCI ACWI (net)

Rationale for Change: Changes were made to underlying asset class benchmarks as noted in above in the Equity Asset Class Tables. Because the   benchmarks for the Mawer Global Balanced Fund are based on those of the underlying funds, the internal Global Balanced benchmark changes   accordingly.

Mawer Global Equity Benchmark History:
Oct: 2009: MSCI World (net)
Oct 2016: MSCI ACWI (net)

Rationale for Change: MSCI ACWI (net) Index is a better representation of the mandate in our opinion. Past benchmark does not include Emerging Markets whereas the fund has holdings in these markets consistent with its prospectus and investment policy statement.) 

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.

Morningstar Ratings reflect performance as of 03/31/2017 and are subject to change monthly. The ratings are calculated from a fund’s 3,5,and 10-year returns measured against 91-day Treasury bill and peer group returns. The top 10% of the funds in a category get five stars. The Overall Rating is a weighted combination of the 3,5 and 10-year ratings. For greater detail see www. morningstar.ca

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