The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Fund Price: $33.13 (as at March 23, 2017)  1-day chg: $.0639 0.19%  YTD: 3.11%

Returns as at February 28, 2017

  Fund Group Avg Index*
1 Month 2.39% 2.45% 3.50%
3 Months 2.68% 3.57% 3.58%
6 Months 1.63% 3.81% 3.62%
1 Year 9.03% 12.72% 10.53%
2 Year Avg 3.99% 2.59% 6.22%
3 Year Avg 7.94% 5.52% 9.76%
4 Year Avg 10.63% 8.21% 12.81%
5 Year Avg 10.91% 8.08% 12.62%
10 Year Avg 6.94% 3.32% 5.85%
15 Year Avg 7.44% 4.28% 5.13%
20 Year Avg 7.38% 5.12% -
Since Inception 8.14% - -
 
2016 3.32% 4.69% 2.21%
2015 10.18% 4.96% 18.44%
2014 12.23% 7.91% 12.90%
 
3 year risk 5.65 7.14 7.83
3 year beta 0.64 0.63 1.00

*Blend: 60% MSCI World, 40% BC Glo Agg

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% BC Glo Agg.

Risk Measures as at February 28, 2017

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: 6 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 February 28, 2017)
Total Assets: $650.7 million
Mgmt Exp. Ratio (MER): 0.93%
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 December 31, 2016

Bond Type December 31, 2016

Fund Geography December 31, 2016

Top Holdings as at December 31, 2016

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at March 23, 2017
1 Year Performance (%)
  Mawer Global Small Cap Series O Other 6.3   - 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%, FEB/09/17 Bond 2.98   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Mawer Global Bond Series O Fund 2.95     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%, JAN/26/17 Bond 1.98   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Quebec Province 3.000% 01-Sep-2023 Bond 1.49   - 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%, MAR/09/17 Bond 1.4   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada 1.500% 01-Jun-2023 Bond 1.35   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 1.00%, JUN/01/27 Bond 1.31   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canada Housing Trust, 1.11%, SEP/15/21 Bond 1.2   - 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 1.02   3.95 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 March 23, 2017)

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
Feb 28, 2017 0.0135 0.0135 0.3724 32.844
Jan 31, 2017 0.0387 0.0387 0.3708 32.090
Dec 20, 2016 0.0744 0.0744 0.3627 32.043
Nov 30, 2016 0.0178 0.0178 0.6567 32.111
Oct 31, 2016 0.0184 0.0184 0.6389 32.248
Sep 30, 2016 0.0252 0.0252 0.6416 32.661
Aug 31, 2016 0.0213 0.0213 0.6398 32.506
Jul 29, 2016 0.0202 0.0202 0.6591 32.312
Jun 30, 2016 0.0399 0.0399 0.7369 31.592
May 31, 2016 0.0434 0.0434 0.7188 31.717
Apr 29, 2016 0.0275 0.0275 0.7079 30.815
Mar 31, 2016 0.0322 0.0322 0.7203 31.154
Feb 29, 2016 0.0119 0.0119 0.7141 30.477
Jan 29, 2016 0.0307 0.0307 0.7143 30.897
Dec 22, 2015 0.3684 0.3684 0.7211 31.477
Oct 30, 2015 0.0211 0.0211 0.6977 31.179
Sep 30, 2015 0.0234 0.0234 0.6993 30.517

Portfolio Manager(s)

Craig Senyk, CFA

Mawer Investment Management Ltd.

Start Date: September, 2004

Fund Return: 8.02%

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

View fund manager performance report