Mawer Canadian Bond Fund
As at September 30, 2018
What does this Fund Invest In?
The Fund invests primarily in bonds and debentures of Canadian government and corporate issuers. Treasury bills or short-term investments, not exceeding three years to maturity, may still be used from time to time.
Investors seeking income and stability. Low to medium risk.
Portfolios are all investment grade. Core positions in Government of Canada bonds are established based on the shape of the yield curve and level of interest rates. To add value, we construct enhanced positions in provincial, municipal and corporate bonds based on yield spread, security selection, and trading strategies.
|Mawer Canadian Bond Fund||0.6||0.7||2.4||3.6|
|FTSE Canada Universe Bond Index||1.7||1.6||3.3||4.4|
|Number of Funds in Morningstar Category Cdn Fixed Income||495||402||331||150|
|Number of Holdings1:||97|
|Yield to Maturity (%):||2.9|
|Modified Duration (Yrs):||7.4|
|Top 25 Holdings||% Weight|
|Government Of Canada 1.0% 01-Jun-2027||3.9|
|Canada Housing Trust No. 1 1.25% 15-Jun-2021||3.7|
|Government Of Canada 2.75% 01-Jun-2022||3.5|
|Government Of Canada 4.0% 01-Jun-2041||3.5|
|Canada Housing Trust No. 1 1.9% 15-Sep-2026||3.0|
|Government Of Canada 1.5% 01-Jun-2023||3.0|
|Province Of Ontario 4.65% 02-Jun-2041||3.0|
|Canada Housing Trust No. 1 2.55% 15-Mar-2025||2.9|
|Government Of Canada 3.5% 01-Dec-2045||2.7|
|Province Of Quebec 3.0% 01-Sep-2023||2.7|
|Province Of Ontario 6.5% 08-Mar-2029||2.5|
|Province Of British Columbia 3.3% 18-Dec-2023||2.3|
|Province Of British Columbia 2.85% 18-Jun-2025||2.2|
|Province Of Quebec 3.5% 01-Dec-2045||2.2|
|Province Of Quebec 6.25% 01-Jun-2032||2.0|
|Province Of Saskatchewan 3.3% 02-Jun-2048||1.9|
|Province Of Ontario 3.5% 02-Jun-2024||1.6|
|Government Of Canada 2.25% 01-Jun-2029||1.6|
|Province Of Ontario 2.6% 02-Jun-2025||1.5|
|Canada Housing Trust No. 1 Frn 15-Mar-2022||1.3|
|Canada Housing Trust No. 1 Frn 15-Sep-2021||1.2|
|Psp Capital, Inc. 2.09% 22-Nov-2023||1.1|
|Province Of Alberta 2.35% 01-Jun-2025||1.1|
|Royal Bank Of Canada 2.86% 04-Mar-2021||1.1|
|Province Of Alberta 2.55% 15-Dec-2022||1.0|
1 Fixed income holdings excluding cash.
Mawer Mutual 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.
Performance returns for the Mawer Mutual Funds are calculated by Mawer Investment Management Ltd. These returns are historical simple returns for the 3 month, YTD and 1 year periods, and are annualized compounded total returns for periods after 1 year. Index returns are supplied by a third party—we believe the data to be accurate, however, cannot guarantee its accuracy. Index returns sourced from FTSE russell, FactSet, and BMO Capital Markets.
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 Mutual 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.