Fund Profiles

Mawer New Canada Fund Profile (CLOSED)

  • As at March 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: $1,112.6 million
  • Total Net Asset Value (Series A): $211.1 million
  • Net Asset Value Per Unit: $65.77
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 1.45% (as at Dec 31, 2015)
  • Trading Expense Ratio: 0.04%* (as at Dec 31, 2015)

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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

1.8

17.2

13.5

11.5

BMO Small Cap Index
(Blended, Weighted)

-7.2

-0.4

-3.2

1.8

Number of Holdings1:

51



Top 25 Holdings

% Share

Winpak Ltd

5.9

New Flyer Industries Inc

5.8

Home Capital Group Inc

5.5

Stella-Jones Inc

4.9

Stantec Inc

4.7

Altus Group Limited

4.3

Altagas Corp

4.2

Morneau Shepell Inc

4.1

Equitable Group Inc

4.0

Alaris Royalty Corp

3.5

Enghouse Systems Ltd

3.1

Intertape Polymer Group Inc

3.0

Element Financial Corp

2.9

Richelieu Hardware Ltd

2.7

Canadian Western Bank

2.7

Canadian Energy Services & Technology Corp

2.5

Parkland Fuel Corporation

2.5

Descartes Systems Group Inc

2.5

Interrent REIT

2.2

First National Financial Corp

2.0

Solium Capital Inc

1.9

Shawcor Ltd

1.9

MTY Food Group Inc

1.8

Mainstreet Equity Corp

1.7

Canadian Treasury Bill May 19, 2016

1.6

* 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.

1 Equity holdings, excluding cash.

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