Mawer Global Balanced Fund

As at September 30, 2022
Morningstar Rating™
(as at Sep 30, 2022)
Fund Managers:
Greg Peterson, CFA
Steven Visscher, CFA
Series Start Date:
Jun 28, 2013
Fund Net Asset Value:
$1,813.5 million
Total Net Asset Value (Series A):
$624.8 million
Net Asset Value Per Unit:
$17.06
RRSP Eligibility:
Yes
Management Expense Ratio * :
1.09% (as at Jun 30, 2022)
Trading Expense Ratio :
0.01% (as at Jun 30, 2022)
Fund Code:
MAW130

Fund Profile

Morningstar Rating™
(as at Sep 30, 2022)
Fund Managers:
Greg Peterson, CFA
Steven Visscher, CFA
Series Start Date:
Jun 28, 2013
Fund Net Asset Value:
$1,813.5 million
Total Net Asset Value (Series A):
$624.8 million
Net Asset Value Per Unit:
$17.06
RRSP Eligibility:
Yes
Management Expense Ratio * :
1.09% (as at Jun 30, 2022)
Trading Expense Ratio :
0.01% (as at Jun 30, 2022)
Fund Code:
MAW130

What Does this Fund Invest In?

The Fund invests primarily in equity and equity-related securities and fixed-income securities from around the world. The Fund may invest in any part of the capital structure in both public and private entities.

Investor Suitability

Investors seeking long-term growth at low-medium risk.

Investment Strategy

A bottom up approach is taken to construct this Fund. The equities are chosen on a global basis and are coupled with the stability of investment grade Canadian bonds. Risk is further managed through extensive diversification across many industries, countries, and currencies.

What Does this Fund Invest In?

The Fund invests primarily in equity and equity-related securities and fixed-income securities from around the world. The Fund may invest in any part of the capital structure in both public and private entities.

Investor Suitability

Investors seeking long-term growth at low-medium risk.

Investment Strategy

A bottom up approach is taken to construct this Fund. The equities are chosen on a global basis and are coupled with the stability of investment grade Canadian bonds. Risk is further managed through extensive diversification across many industries, countries, and currencies.

Asset Mix

Type: Global Equity
Percentage: 58.9%
Type: Canadian Bonds
Percentage: 32.4%
Type: Cash & Cash Equivalents
Percentage: 8.7%
  • Global Equity58.9%
  • Canadian Bonds32.4%
  • Cash & Cash Equivalents8.7%

Top Holdings

Top Holdings Weight (%)
Mawer Canadian Bond Fund Series O 32.4
Cash & Cash Equivalents 8.7
Marsh & McLennan Companies, Inc. 3.0
Alimentation Couche-Tard Inc. Class A 2.4
FTI Consulting, Inc. 2.3
Alphabet Inc. Class C 2.3
Wolters Kluwer NV 2.3
Aon Plc Class A 2.3
KDDI Corporation 2.2
Microsoft Corporation 1.9
CDW Corp. 1.9
Intercontinental Exchange, Inc. 1.9
Johnson & Johnson 1.8
Roche Holding Ltd Dividend Right Cert. 1.8
CGI Inc. Class A 1.7
Novo Nordisk A/S Class B 1.4
Nestle S.A. 1.4
Bunzl plc 1.4
UnitedHealth Group Incorporated 1.3
JDE Peet's NV 1.3
Insperity, Inc. 1.2
Amphenol Corporation Class A 1.2
Admiral Group plc 1.1
Bayerische Motoren Werke AG 1.1
Booking Holdings Inc. 1.0

Net Performance

1 Yr 3 Yr 5 Yr 10 Yr Since Inception
Mawer Global Balanced Fund -10.8 2.6 5.3 - 7.3
Internal Global Balanced Benchmark § -11.9 1.9 4.2 - 6.7
Morningstar Rating™ 4 4 5 - -
Number of Funds in Morningstar Category 1192 1056 863 - -
Number of Holdings , †† 59
Number of Countries **, †† 15

Equity Sector Weights **

Sector: Communication services
  • Portfolio : 7.7
  • Internal Global Balanced Benchmark § : 7.4
Sector: Consumer discretionary
  • Portfolio : 9
  • Internal Global Balanced Benchmark § : 11.5
Sector: Consumer staples
  • Portfolio : 13.9
  • Internal Global Balanced Benchmark § : 7.7
Sector: Energy
  • Portfolio : 0
  • Internal Global Balanced Benchmark § : 5.2
Sector: Financials
  • Portfolio : 15.1
  • Internal Global Balanced Benchmark § : 14.6
Sector: Health care
  • Portfolio : 14.3
  • Internal Global Balanced Benchmark § : 13
Sector: Industrials
  • Portfolio : 21.5
  • Internal Global Balanced Benchmark § : 9.5
Sector: Information technology
  • Portfolio : 17.9
  • Internal Global Balanced Benchmark § : 20.7
Sector: Materials
  • Portfolio : 0.5
  • Internal Global Balanced Benchmark § : 4.7
Sector: Real estate
  • Portfolio : 0
  • Internal Global Balanced Benchmark § : 2.7
Sector: Utilities
  • Portfolio : 0
  • Internal Global Balanced Benchmark § : 3.1

Disclaimers

  • * Management expense ration (“MER”) is based on total expenses for the stated period and is expressed as an annualized percentage of daily net assets during the period.
  • 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.
  • Performance has been presented for the A-series mutual funds and has been calculated net of fees. Performance has been expressed in Canadian dollars.
  • § See benchmark history.
  • Mawer Global Balanced Fund Series A inception: June 28, 2013. 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.
  • Fund level exposure
  • ** Security level exposure
  • †† Equity and Fixed Income holdings, excluding cash
  • Benchmark History

    Mawer Global Balanced Benchmark History (changes made prospectively):

    July 2013: 5% FTSE Canada 91 Day Treasury Bill, 35% FTSE Canada Universe Bond, 60% MSCI World Net (Cdn$)
    Aug 2013: MSCI World Net (Cdn $) returns is used to calculate the blended benchmark from inception. Previously, MSCI World Gross (Cdn $) was used.
    Oct 2015: 20% FTSE Canada Universe Bond, 20% FTSE WGBI, 60% MSCI World Net (Cdn$)
    Oct 2016: 20% FTSE Canada Universe Bond, 20% FTSE WGBI, 60% MSCI ACWI (net)
    June 2021: 5% FTSE Canada 91 Day TBill Index, 35% FTSE Canada Universe Bond, 60% MSCI ACWI (Net)

    Rationale for Change: Because the benchmarks for the Mawer Global Balanced Fund are based on those of the underlying funds, the internal Global Balanced benchmark changes accordingly.

    Mawer Global Equity Benchmark History (changes made prospectively):

    Oct: 2009: MSCI World (net)
    Oct 2016: MSCI ACWI (net)

    Rationale for Change: MSCI ACWI (net) Index is a better representation of the mandate in our opinion. Past benchmark does not include Emerging Markets whereas the fund has holdings in these markets consistent with its prospectus and investment policy statement.) 

    Benchmarks returns are rebalanced on a monthly basis.


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.

The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)

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