Mawer Canadian Equity Fund
As at September 30, 2019
What does this Fund Invest In?
The Fund invests primarily in securities of larger capitalization Canadian companies. Treasury bills or short-term investments, not exceeding three years to maturity, may also be used from time to time.
Investors seeking long-term, above average growth who can tolerate equity volatility. Medium to high risk.
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 long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.
|Mawer Canadian Equity Fund||3.9||6.5||6.6||10.2|
|S&P/TSX Composite Index||7.1||7.4||5.3||7.0|
|Number of Funds in Morningstar Category Canadian Equity||691||582||395||200|
|Number of Holdings3:||39|
|Top 25 Holdings||% Weight|
|Royal Bank of Canada||5.1|
|Brookfield Asset Management Inc. Class A||5.0|
|Canadian Pacific Railway Limited||4.6|
|Cash & Cash Equivalents||4.3|
|TMX Group Ltd.||3.7|
|Bank of Nova Scotia||3.5|
|Suncor Energy Inc.||3.4|
|Loblaw Companies Limited||3.3|
|Bank of Montreal||3.2|
|Canadian Natural Resources Limited||3.1|
|Thomson Reuters Corporation||3.1|
|Canadian National Railway Company||2.9|
|First Capital Realty Inc.||2.9|
|Manulife Financial Corporation||2.8|
|Constellation Software Inc.||2.7|
|Shaw Communications Inc. Class B||2.5|
|Toromont Industries Ltd.||2.6|
|Rogers Communications Inc. Class B||2.4|
|Finning International Inc.||2.4|
|ATS Automation Tooling Systems Inc.||2.1|
|Choice Properties Real Estate Investment Trust||2.0|
1 Management expense ratio (“MER”) is based on total expenses for the stated period and is expressed as an annualized percentage of daily average net assets during the period. The Manager, at its discretion, absorbed certain expenses otherwise payable by each Series. The Manager may change the amount absorbed or discontinue absorbing these expenses at any time without notice. The MER for the period ended June 30, is a six-month annualized MER and is subject to change due to changes in the average net assets of the Fund and may differ from the final MER for the year ended December 31.
2 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.
3 Equity 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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