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Fund Price: $31.20 (as at May 21, 2015)  1-day chg: $.1191 0.38%  YTD: 7.02%

Returns as at April 30, 2015

  Fund Group Avg Index*
1 Month -1.46% -0.91% -3.28%
3 Months 1.09% 1.56% -1.30%
6 Months 8.97% 7.04% 11.97%
1 Year 13.14% 9.44% 17.99%
2 Year Avg 15.93% 12.57% 18.76%
3 Year Avg 14.79% 11.58% 17.30%
4 Year Avg 11.73% 7.58% 14.22%
5 Year Avg 11.99% 7.96% 12.68%
10 Year Avg 8.19% 4.79% 6.32%
15 Year Avg 7.51% 3.54% 3.76%
20 Year Avg 8.39% 6.22% 6.54%
Since Inception - - -
 
2014 12.23% 7.87% 15.38%
2013 20.12% 18.27% 22.60%
2012 11.56% 8.72% 9.53%
 
3 year risk 4.72 5.99 6.61
3 year beta 0.54 0.54 1.00

*Blend: 60% MSCI World, 40% Barclays Cap

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Blend: 60% MSCI World, 40% Barclays Cap.

Risk Measures as at April 30, 2015

Best/Worst 12 months (since inception)
Best (ending Jul 97): 28.19 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 09): -20.20 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 5 High

Fund Objectives

The investment objective of the Mawer Tax Effective Balanced Fund is to invest for above-average long-term, tax-effective rates of return. We intend to achieve this objective by investing up to all of the assets of the Fund in other Mawer Funds as well as by investing directly in equity and equity-related securities and, when appropriate, treasury bills, short-term notes, debentures and bonds.

Fund Facts

Fund Sponsor: Mawer Investment Management Ltd.
Managed by: Mawer Investment Management Ltd.
Fund Type: MF Trust
Inception Date: January 1988
Asset Class: Global Equity Balanced
Quartile Rank: 1 (3YR ending April 30, 2015)
Total Assets: $443.5 million
Mgmt Exp. Ratio (MER): 0.98%
Management Fee: 0.78%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$5,000
Subsequent:
$0
Min. Invest (initial RRSP):
$5,000
Subsequent RRSP:
$0
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation March 31, 2015

Bond Type March 31, 2015

Fund Geography March 31, 2015

Top Holdings as at March 31, 2015

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at May 21, 2015
1 Year Performance (%)
  Mawer Global Small Cap Srs A Fund 7.06     bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 0.00%, MAY/07/15 Bond 2.94   0.98 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 0.00%, MAY/21/15 Bond 2.51   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 0.00%, JUN/18/15 Bond 2.49   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 3.45%, JUN/02/45 Bond 1.39   12.14 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 2.50%, JUN/01/24 Bond 1.31   5.25 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada Housing Trust, 0.94%, SEP/15/19 Bond 1.31   0.0 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 0.00%, JUN/04/15 Bond 1.31   0.97 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Quebec, 3.00%, SEP/01/23 Bond 1.3   6.03 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 1.50%, JUN/01/23 Bond 1.23   5.44 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to May 21, 2015)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Apr 30, 2015 0.0399 0.0399 0.6242 30.819
Mar 31, 2015 0.0259 0.0259 0.6179 31.317
Feb 27, 2015 0.0121 0.0121 0.6288 31.433
Jan 30, 2015 0.0375 0.0375 0.6286 30.564
Dec 22, 2014 0.0601 0.2682 0.3282 0.6267 29.246
Nov 28, 2014 0.0167 0.0167 0.3561 29.381
Oct 31, 2014 0.0227 0.0227 0.3506 28.724
Sep 30, 2014 0.0326 0.0326 0.3540 28.357
Aug 29, 2014 0.0112 0.0112 0.3518 28.603
Jul 31, 2014 0.0258 0.0258 0.3562 28.200
Jun 30, 2014 0.0333 0.0333 0.3508 28.216
May 30, 2014 0.0383 0.0383 0.3424 28.054
Apr 30, 2014 0.0335 0.0335 0.3370 27.826
Mar 31, 2014 0.0369 0.0369 0.3402 27.735
Feb 28, 2014 0.0119 0.0119 0.3328 27.620
Jan 31, 2014 0.0355 0.0355 0.3320 26.803
Dec 23, 2013 0.0576 0.0576 0.3406 26.390
Nov 29, 2013 0.0112 0.0112 0.3118 26.329

Portfolio Manager(s)

Craig Senyk, CFA

Mawer Investment Management Ltd.

Start Date: September, 2004

Fund Return: 8.48%

Craig Senyk is Director of Portfolio Management, at Mawer Investment Management, which he joined in 1997. As Director of Portfolio Management, he has responsibility for private, institutional and mutual fund client management. In this role, Mr. Senyk serves on the Firm's Management Committee which is responsible for the development and execution of the Firm's strategic plan. Mr. Senyk is the manager of the Mawer Tax Effective Balanced Fund, which employs a tax effective overlay strategy. This strategy works to ensure that clients retain as much of their pre-tax return on an after-tax basis as possible. He has researched, written and spoken on a number of after-tax strategies as they apply to the Canadian investor and taxpayer.Mr. Senyk has investment experience since 1996 and is a Chartered Financial Analyst charterholder with a Bachelor of Commerce degree (with Distinction) from the University of Alberta, which he obtained in 1995. Mr. Senyk is a member of the CFA Institute and Toastmasters International. He has been recognized as one of Calgary�s Top 40 under 40 and is a past President of the Calgary CFA Society and the Calgary chapter of the University Of Alberta School Of Business Alumni Association.

Also manages:Manulife Diversified Invt Fd, Manulife Tax-Managed Grwth Fd

View fund manager performance report