Mawer New Canada Fund Profile (CLOSED)

  • As at June 30, 2017
  • 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: $1,225.6 million
  • Total Net Asset Value (Series A): $228.1 million
  • Net Asset Value Per Unit: $73.71
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 1.40% (as at Dec 31, 2016)
  • Trading Expense Ratio1: 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

10.2

5.4

18.0

10.7

New Canada Benchmark**

5.2

-1.8

5.6

2.2

Number of Holdings2:

56



Top 25 Holdings

% Weight

New Flyer Industries Inc.

5.3

Winpak Ltd.

5.3

Stella-Jones Inc.

4.0

Morneau Shepell Inc.

3.9

Altus Group Limited

3.8

Boyd Group Income Fund

3.8

Cash & Equivalents

3.7

Enghouse Systems Limited

3.5

Stantec Inc

3.5

AltaGas Ltd.

3.3

Richelieu Hardware Ltd

3.2

CES Energy Solutions Corp

3.2

Sleep Country Canada Holdings Inc

3.1

Equitable Group Inc.

2.9

Intertape Polymer Group Inc.

2.8

EnerCare Inc.

2.7

Descartes Systems Group Inc.

2.6

Solium Capital Inc.

2.6

MTY Food Group Inc.

2.5

Alaris Royalty Corp.

2.5

Parkland Fuel Corporation

2.4

Canadian Western Bank

2.3

Cara Operations Ltd

1.8

Mainstreet Equity Corp.

1.7

ZCL Composites Inc.

1.6

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   Equity holdings, excluding cash.

*   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.

**  Mawer New Canada Benchmark History (changes made prospectively):

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.

Benchmark returns are rebalanced on a monthly basis.

 

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