The following six Mawer Mutual Funds pay a monthly income distribution (on the last business day of the month):

  • Global Balanced Fund
  • Balanced Fund
  • Tax Effective Balanced Fund
  • Global Bond Fund
  • Canadian Bond Fund
  • Canadian Money Market Fund

Please note: This distribution is comprised of any interest and dividends earned by the fund for that particular month. Should the fund not accrue income in excess of the fund’s management expense ratio, it will not trigger a distribution for that month.

With the exception of the Mawer Canadian Money Market Fund, all of the Mawer Mutual Funds pay a year-end distribution. This distribution payout will be comprised of net income and net realized capital gains. In December, the Mawer Canadian Money Market Fund will pay the normal monthly distribution at month-end.

View Mawer's FAQ on distributions here.

2018 Year-End Distribution Dates

Record Date*: Tuesday, December 18th
Payment Date: Wednesday, December 19th

*If you are a unit holder of a Mawer Mutual Fund, or have placed a trade purchasing a Mawer Mutual Fund on this date, you will receive the distribution.

2018 Year-End Distributions
Mawer Mutual Fund Interest Income¹ Dividends Foreign Income Foreign Taxes Capital Gains Total Distributions² NAVPS
(Dec 14)
International Equity Fund - - 0.4447 (0.0488) 2.0937 2.4896 57.9830
U.S. Equity Fund - - 0.0466 (0.0071) 0.1371 0.1766 49.8349
Global Equity Fund - 0.0108 0.1125 (0.0144) 0.2432 0.3521 27.5965
Global Small Cap Fund - 0.0009 0.1135 (0.0111) 0.8791 0.9824 15.3989
Emerging Markets Equity Fund - - 0.1170 (0.0196) - 0.0974 10.9543
Canadian Equity Fund - 0.8940 - - - 0.8940 62.2827
New Canada Fund (CLOSED) - 0.3015 - - 1.3797 1.6812 68.6676
Global Balanced Fund 0.0344 0.0076 0.0938 (0.0099) 0.0794 0.2053 15.1095
Balanced Fund 0.0494 0.0996 0.2176 (0.0255) 0.0787 0.4198 28.0250
Tax Effective Balanced Fund 0.0749 0.1206 0.2554 (0.0277) 0.2926 0.7158 34.4602
Global Bond Fund 0.0113 - 0.0536 - - 0.0649 10.3047
Canadian Bond Fund 0.2606 - - - - 0.2606 12.5872

¹ Interest Income includes any income for the six Mawer Mutual Funds that pay a monthly income distribution.

² Total Distribution is comprised of net income (Interest Income, Dividends, Foreign Income, Foreign Taxes) and net realized Capital Gains. If you are a unit holder of a Mawer Mutual Fund, or have placed a trade purchasing a Mawer Mutual Fund on the Record Date, you will receive the distribution on the Payment Date. See above for Year-End Distribution Dates.

Note: These numbers are for illustrative purposes only. For official tax information, please contact your investment team directly and/or learn more about distributions from our FAQ here.

 

2017 Total Distributions

Note: These numbers are for illustrative purposes only. For official tax information, please contact your Investment Advisor.

Total Distributions for 2017 (per unit)
* As at December 31, 2017 		Total Income* Yearly Capital Gains* Total Distributions* NAVPS
(Dec 15)
International Equity Fund 0.4312 0.4086 0.8398 62.3878
U.S. Equity Fund 0.0501 0.0000 0.0501 46.6636
Global Equity Fund 0.0629 0.0000 0.0629 27.0259
Global Small Cap Fund 0.1210 0.5273 0.6483 16.4990
Emerging Markets Equity Fund 0.0546 0.0000 0.0546 11.7315
Canadian Equity Fund 0.8151 0.0000 0.8151 68.2857
New Canada Fund (CLOSED) 0.5350 0.0000 0.5350 75.3590
Global Balanced Fund 0.1195 0.0000 0.1195 15.0325
Balanced Fund 0.3176 0.0000 0.3176 28.7747
Tax Effective Balanced Fund 0.3928 0.0000 0.3928 35.3865
Global Bond Fund 0.0797 0.0000 0.0797 10.2285
Canadian Bond Fund 0.2443 0.0000 0.2443 12.9998
2016 Total Distributions
Total Distributions for 2016 (per unit)
* As at December 31, 2016 		Total Income* Yearly Capital Gains* Total Distributions* NAVPS
(Dec 20)
International Equity Fund 0.3845 1.0776 1.4621 49.7671
U.S. Equity Fund 0.0190 0.0000 0.0190 40.4480
Global Equity Fund 0.1017 0.0000 0.1017 22.6321
Global Small Cap Fund 0.1378 0.0000 0.1378 13.3940
Canadian Equity Fund 0.7273 0.0000 0.7273 63.2464
New Canada Fund (CLOSED) 0.5837 2.0887 2.6724 73.3259
Global Balanced Fund 0.1338 0.0000 0.1338 13.4233
Balanced Fund 0.2829 0.0000 0.2829 25.7708
Tax Effective Balanced Fund 0.3627 0.0000 0.3627 32.0426
Global Bond Fund 0.0046 0.0000 0.0046 10.0712
Canadian Bond Fund 0.0080 0.0852 0.0932 12.8170
2015 Total Distributions
Total Distributions for 2015 (per unit)
* As at December 31, 2015 		Total Income* Yearly Capital Gains* Total Distributions* NAVPS
(Dec 22)
International Equity Fund 0.3917 0.0947 0.4864 53.5517
U.S. Equity Fund 0.1222 2.2978 2.4200 37.9953
Global Equity Fund 0.1349 0.0000 0.1349 22.7482
Global Small Cap Fund 0.0805 0.0361 0.1166 13.8882
Canadian Equity Fund 0.6764 2.5087 3.1851 55.2737
New Canada Fund (CLOSED) 0.6853 9.5338 10.2191 63.7446
Global Balanced Fund 0.1324 0.0161 0.1485 13.6527
Balanced Fund 0.2776 0.2384 0.5160 25.3530
Tax Effective Balanced Fund 0.3528 0.3684 0.7212 31.4770
Global Bond Fund 0.0042 0.0000 0.0042 10.9407
Canadian Bond Fund 0.2655 0.0510 0.3165 13.1198
Canadian Money Market Fund 0.0044 0.0000 0.0044 10.0000
2014 Total Distributions
Total Distributions for 2014 (per unit) Total Income Yearly Capital Gains Total Distributions NAVPS
International Equity Fund 0.3547 0.0834 0.4381 44.4970
U.S. Equity Fund 0.1023 0.6695 0.7718 33.4752
Global Equity Fund 0.0625 0.0000 0.0625 18.4445
Global Small Cap Fund 0.0476 0.0133 0.0609 10.6357
Canadian Equity Fund 0.6268 0.0000 0.6268 56.1766
New Canada Fund (CLOSED) 0.5805 4.3369 4.9174 74.2162
Global Balanced Fund 0.1299 0.0000 0.1299 11.8498
Balanced Fund 0.2697 0.0000 0.2697 23.1780
Tax Effective Balanced Fund 0.3586 0.2682 0.6267 28.9348
Canadian Bond Fund 0.2683 0.0075 0.2758 13.0556
Canadian Money Market Fund 0.3680 0.0000 0.3680 10.0000

Global Balanced Fund
DateNet Asset Value Per Share
(NAVPS)		Income
January 31, 2019 15.38 0.0104
February 28, 2019 15.75 0.0028
March 29, 2019 16.14 0.0176
April 30, 2019 16.46 0.0457
May 31, 2019 16.15 0.0373
June 28, 2019 16.40 0.0156
July 31, 2019  16.31 0.1111
August 30, 2019 16.40 0.0094
Total

0.2499

Balanced Fund
DateNet Asset Value Per Share
(NAVPS)		Income
January 31, 2019 28.41 0.0034
February 28, 2019 29.03 0.0022
March 29, 2019 29.71 0.0026
April 30, 2019 30.36 0.0028
May 31, 2019 30.02 0.0030
June 28, 2019 30.52 0.0012
July 31, 2019  30.61 0.0044
August 30, 2019 30.80 0.0018
Total 0.0214

Tax Effective Balanced Fund
DateNet Asset Value Per Share
(NAVPS)		Income
January 31, 2019 35.04 0.0574
February 28, 2019 35.79 0.0167
March 29, 2019 36.58 0.0375
April 30, 2019 37.31 0.0674
May 31, 2019 36.84 0.0589
June 28, 2019 37.42 0.0415
July 31, 2019 37.39 0.1349
August 30, 2019 37.62 0.0207
Total 

0.4350

Global Bond Fund
DateNet Asset Value Per Share
(NAVPS)		Income
January 31, 2019 10.35 0.0115
February 28, 2019 10.27 0.0062
March 29, 2019 10.48 0.0053
April 30, 2019 10.47 0.0050
May 31, 2019 10.65 0.0046
June 28, 2019 10.46 0.0035
July 31, 2019 10.39 0.0046
August 30, 2019 10.62 0.0053
Total 0.0460

Canadian Bond Fund
DateNet Asset Value Per Share
(NAVPS)		Income
January 31, 2019 12.81 0.0361
February 28, 2019 12.80 0.0218
March 29, 2019 13.07 0.0243
April 30, 2019 13.03 0.0245
May 31, 2019 13.22 0.0254
June 28, 2019 13.32 0.0222
July 31, 2019 13.31 0.0275
August 30, 2019 13.53 0.0242
Total

0.2060

Canadian Money Market Fund
DateNet Asset Value Per Share
(NAVPS)		Income
January 31, 2019 10.00 0.0003
February 28, 2019 10.00 0.0003
March 29, 2019 10.00 0.0009
April 30, 2019 10.00 0.0003
May 31, 2019 10.00 0.0003
June 28, 2019 10.00 0.0009
July 31, 2019  10.00 0.0003
August 30, 2019 10.00 0.0006
Total  0.0039

Mutual fund distributions are by default re-invested, thereby purchasing additional units. A unitholder can opt to receive their distribution paid in cash.

The net effect of reinvested distributions is that the price of the fund will decline by the amount of the distribution, and additional units will be acquired by the unitholder which are equivalent in value to the amount of the distribution. The difference between the pre- and post-distribution fund price may be slightly different from the value of the distribution, due to fluctuations in the market value of the fund's holdings.

Past distributions are not indicative of future trends. The classification of distributions such as dividends, other income, capital gains etc. for each period will be reported only after the Fund's tax year end.  Please consult your tax professional or financial adviser for more information regarding your tax situation.

Example:
Pre-distribution holdings of 100 units in a fund that is valued at $10.00/unit for a total value of $1,000 
The fund pays a distribution of $0.10/unit so the price will drop to $9.90 following the distribution ($990)

1.01 units in the fund ($0.10/$9.90) will be re-invested so the value of your investment remains unchanged (101.01 units x $9.90/unit = $1,000)