Fund Profiles

Mawer New Canada Fund Profile (CLOSED)

  • As at December 31, 2016
  • The Mawer New Canada Fund is capped to new and existing mutual fund investors. This has been done given the limited liquidity of the securities in the small cap segment of the Canadian equity market and given our desire to ensure that we continue to offer the best possible small cap product to our existing clients.
  • Morningstar RatingTM: 5Stars RED
  • Fund Managers:
    Jeff Mo, CFA
  • Fund Inception Date: January 8, 1988
  • Fund Net Asset Value: $1,227.8 million
  • Total Net Asset Value (Series A): $236.1 million
  • Net Asset Value Per Unit: $74.21
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 1.40% (as at Dec 31, 2016)
  • Trading Expense Ratio2: 0.05%* (as at Dec 31, 2016)

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What does this Fund Invest In?

The Fund invests primarily in securities of smaller Canadian companies. Treasury bills or short-term investments, not exceeding three years to maturity, may still be used from time to time.

Investor Suitability

Investors seeking long-term, above average growth who can tolerate significant volatility. High risk.

Investment Strategy

In order to achieve its investment strategy objectives, the Manager systematically creates a broadly diversified portfolio of wealth-creating companies with excellent management teams bought at discounts to their intrinsic values. The Manager employs a highly disciplined, research-driven, bottom-up process and a long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.


Net Performance*

 

1-Yr

3-Yr

5-Yr

10-Yr

Mawer New Canada Fund

19.3

10.9

18.8

12.4

New Canada Benchmark**

35.5

5.3

5.2

3.9

Number of Holdings1:

56



Top 25 Holdings

% Share

New Flyer Industries Inc.

5.1

Altus Group Limited

4.9

Winpak Ltd.

4.6

Equitable Group Inc.

4.6

Canadian Energy Services & Technology Corp.

4.5

Home Capital Group Inc.

4.2

Stantec Inc

4.0

Stella-Jones Inc.

3.9

Morneau Shepell Inc.

3.7

AltaGas Ltd.

3.7

Element Fleet Management Corporation

3.6

Boyd Group Income Fund

3.1

Intertape Polymer Group Inc.

3.1

Alaris Royalty Corp.

3.1

Enghouse Systems Limited

2.9

Richelieu Hardware Ltd

2.7

Canadian Western Bank

2.6

Descartes Systems Group Inc.

2.4

MTY Food Group Inc.

2.2

Parkland Fuel Corporation

2.2

Solium Capital Inc.

2.1

EnerCare Inc.

2.0

Sleep Country Canada Holdings Inc

1.9

First National Financial Corporation

1.9

InterRent Real Estate Investment Trust

1.9


1   Equity holdings, excluding cash.

2   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.

*   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 New Canada Benchmark History:

Jan 1988: BMO Weighted Small Cap (Blended)
Oct 2016: S&P/TSX Small Cap

Rationale for Change: S&P/TSX Small Cap Index is a better benchmark in our opinion. For example, it provides better comparability, liquidity and a more readily available data set.

 

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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Phone: +1 403 262 4673
Toll-Free: +1 800 889 6248
Email: investing@mawer.com