The Fund invests primarily in securities of smaller Canadian companies. Treasury bills or short-term investments, not exceeding three years to maturity, may still be used from time to time.
Mawer New Canada Fund (CLOSED)
As at March 31, 2023The purchase of units of the Mawer New Canada Fund is currently restricted. The Fund is only open to new investors as part of a discretionary balanced portfolio through Mawer and to existing investors at our discretion. We reserve the right to re-open the Mawer New Canada Fund to all purchasers at any time.
- Morningstar Rating™
- (as at Mar 31, 2023)
- Fund Managers:
-
Jeff Mo, CFA
Samir Taghiyev, CFA
- Series Start Date:
- Jan 15, 1988
- Fund Net Asset Value:
- $1,360.5 million
- Total Net Asset Value (Series A):
- $204.3 million
What Does this Fund Invest In?
The Fund invests primarily in securities of smaller Canadian companies. Treasury bills or short-term investments, not exceeding three years to maturity, may still be used from time to time.
Investor Suitability
Investors seeking long-term, above-average growth who can tolerate significant volatility. Medium-high risk.
Investment Strategy
In order to achieve its investment 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 a long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.
Top Holdings
| Top Holdings | Weight (%) |
|---|---|
| Parex Resources Inc. | 5.1 |
| Element Fleet Management Corporation | 4.5 |
| Stella-Jones Inc. | 4.5 |
| Mainstreet Equity Corp. | 4.4 |
| Trisura Group Ltd. | 3.9 |
| Parkland Corporation | 3.9 |
| Winpak Ltd. | 3.9 |
| Jamieson Wellness, Inc. | 3.7 |
| Enghouse Systems Limited | 3.5 |
| Andlauer Healthcare Group, Inc. | 3.3 |
| North American Construction Group Ltd. | 3.2 |
| Colliers International Group Inc. | 3.1 |
| Cash & Cash Equivalents | 3.1 |
| Sleep Country Canada Holdings Inc | 3.0 |
| Stantec Inc | 3.0 |
| Calian Group Ltd. | 3.0 |
| EQB Inc | 2.9 |
| MTY Food Group Inc. | 2.9 |
| Boyd Group Services Inc | 2.7 |
| Converge Technology Solutions Corp. | 2.5 |
| TerraVest Industries, Inc. | 2.3 |
| Softchoice Corporation | 2.2 |
| Dye & Durham Ltd. | 2.2 |
| Cogeco Inc. | 2.2 |
| International Petroleum Corp. (British Columbia) | 2.1 |
Equity Sector Weights
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.
- ‖ Equity holdings excluding cash.
- ¶ The purchase of units of the Mawer New Canada Fund is currently restricted. The Fund is only open to new investors as part of a discretionary balanced portfolio through Mawer and to existing investors at our discretion. We reserve the right to re-open the Mawer New Canada Fund to all purchasers at any time.
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.
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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