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.
2019 Year-End Distribution Dates
Record Date*: Tuesday, December 17th
Payment Date: Wednesday, December 18th
*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.
View 2019 Year-End Distributions here.
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2019 Total Distributions
Mawer Mutual Fund Series A Interest Income¹ Dividends Foreign Income Foreign Taxes Capital Gains Total Distributions² NAVPS
(Dec 13)International Equity Fund - - 0.7442 (0.0753) - 0.6688 63.9709 U.S. Equity Fund - - 0.1056 (0.0156) - 0.0900 62.3956 Global Equity Fund - 0.0284 0.2552 (0.0263) - 0.2573 33.0684 Global Small Cap Fund - 0.0014 0.0572 (0.0078) 0.8311 0.8820 17.7983 Emerging Markets Equity Fund - - 0.1584 (0.0287) - 0.1297 12.0284 Canadian Equity Fund - 1.2712 - - - 1.2712 72.3749 New Canada Fund (CLOSED) - 0.3403 - - 3.3802 3.7205 84.3510 Global Balanced Fund 0.0565 0.0153 0.1546 (0.0140) 0.0639 0.2763 17.0147 Balanced Fund 0.0645 0.1179 0.2542 (0.0304) - 0.4063 31.7928 Tax Effective Balanced Fund 0.0965 0.1435 0.2986 (0.0329) 0.0191 0.5248 38.7138 Global Bond Fund 0.0115 - 0.0463 - - 0.0578 10.4789 Canadian Bond Fund 0.2938 - - - - 0.2938 13.2737 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: Distribution amounts have been rounded to 4 decimals and 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.
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2018 Total Distributions
Mawer Mutual Fund Series A 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.
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2017 Total Distributions
Note: These numbers are for illustrative purposes only. For official tax information, please contact your Investment Advisor.
Mawer Mutual Fund Series A 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
Mawer Mutual Fund Series A 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 Canadian Bond Fund 0.0080 0.0852 0.0932 12.8170 -
2015 Total Distributions
Mawer Mutual Fund Series A 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
Mawer Mutual Fund Series A 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
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Global Balanced Fund
Date Net 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 September 30, 2019 16.46 0.0141 October 31, 2019 16.55 0.0067 November 29, 2019 16.97 0.0057 Total 0.2764
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Balanced Fund
Date Net 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 September 30, 2019 30.91 0.0028 October 31, 2019 30.96 0.0025 November 29, 2019 31.74 0.0020 Total 0.0287 -
Tax Effective Balanced Fund
Date Net 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 September 30, 2019 37.72 0.0343 October 31, 2019 37.74 0.0326 November 29, 2019 38.65 0.0229 Total 0.5248
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Global Bond Fund
Date Net 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 September 30, 2019 10.49 0.0040 October 31, 2019 10.49 0.0040 November 29, 2019 10.51 0.0039 Total 0.0579 -
Canadian Bond Fund
Date Net 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 September 30, 2019 13.38 0.0253 October 31, 2019 13.33 0.0252 November 29, 2019 13.37 0.0238 Total 0.2803
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Canadian Money Market Fund
Date Net 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 September 30, 2019 10.00 0.0009 October 31, 2019 10.00 0.0003 November 29, 2019 10.00 0.0006 Total 0.0057
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)
