Mawer Canadian Bond Fund
As at March 31, 2021
Crista Caughlin, CFA
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 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||2.0||3.4||2.2||3.4|
|FTSE Canada Universe Bond Index||1.6||3.8||2.8||4.0|
|Number of Funds in Morningstar Category Cdn Fixed Income||526||452||368||191|
|Number of Holdings1:||105|
|Yield to Maturity (%):||1.8|
|Modified Duration (Yrs):||7.9|
|Top 25 Holdings||% Weight|
|Canada Housing Trust No 1 2.35% Sep 15,2023||10.6|
|Government of Canada 2% Sep 01,2023||4.1|
|Government of Canada 0.5% Sep 01,2025||4.0|
|Province of Ontario 4.65% Jun 02,2041||4.0|
|Province of Ontario 2.6% Jun 02,2027||3.9|
|Province of Quebec 3.1% Dec 01,2051||3.5|
|Thomson Reuters Corp 2.239% May 14,2025||3.0|
|Province of Ontario 2.8% Jun 02,2048||2.9|
|Canada Housing Trust No 1 1.4% Mar 15,2031||2.6|
|Canada Housing Trust No 1 1.8% Dec 15,2024||2.3|
|Canada Housing Trust No 1 1.9% Sep 15,2026||2.1|
|Province of Alberta 3.1% Jun 01,2050||1.8|
|Canada Housing Trust No 1 2.35% Jun 15,2023||1.7|
|Province of Quebec 6.25% Jun 01,2032||1.7|
|Canada Housing Trust No 1 2.35% Jun 15,2027||1.6|
Government of Canada 0.5% Dec 01,2030
|Province of Ontario 2.4% Jun 02,2026||1.6|
Government of Canada 4% Jun 01,2041
|TransCanada PipeLines Ltd 3.8% Apr 05,2027||1.4|
Canada Housing Trust No 1 2.9% Jun 15,2024
|Province of Ontario 2.05% Jun 02,2030||1.2|
|Loblaw Cos Ltd 4.488% Dec 11,2028||1.2|
|Wells Fargo & Co 2.568% May 01,2025||1.2|
|Province of Ontario 4.6% Jun 02,2039||1.1|
|Province of British Columbia 4.95% Jun 18,2040||1.1|
1 Fixed income holdings excluding cash.
Mawer Mutual Funds are managed by Mawer Investment Management Ltd. 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.
Index returns are supplied by a third party—we believe the data to be accurate, however, cannot guarantee its accuracy. Index returns are sourced from FTSE Russell, FactSet and BMO Capital Markets.
Performance returns for the Mawer Mutual Funds and benchmarks are calculated by Mawer Investment Management Ltd. These returns are historical simple returns for the 3 month, YTD and 1 year periods, and annualized compounded total returns for periods after 1 year. Since Inception performance has been calculated from the month-end after the initial funding of the mutual fund in order to provide a comparison against a monthly benchmark.
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.
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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