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Mawer Tax Effective Balanced Fund Series A

Global Neutral Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

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NAVPS
(05-24-2024)
$44.38
Change
$0.04 (0.09%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Mawer Tax Effective Balanced Fund Series A

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Fund Returns

Inception Return (January 31, 1988): 7.57%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -2.09% 2.10% 10.56% 2.40% 6.53% 5.90% 2.02% 5.09% 4.56% 5.27% 4.99% 5.91% 5.50% 6.24%
Benchmark -1.57% 3.31% 11.56% 4.12% 9.21% 7.74% 3.11% 5.05% 4.84% 5.39% 5.04% 6.48% 6.12% 6.83%
Category Average -1.99% 10.80% 10.80% 2.42% 6.62% 4.42% 1.99% 5.55% 4.00% 4.27% 3.94% 4.83% 4.01% 4.42%
Category Rank 1,187 / 1,710 962 / 1,710 1,000 / 1,699 993 / 1,710 880 / 1,659 516 / 1,607 816 / 1,429 776 / 1,332 513 / 1,281 352 / 1,153 245 / 1,002 254 / 936 187 / 819 135 / 685
Quartile Ranking 3 3 3 3 3 2 3 3 2 2 1 2 1 1

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.49% 1.43% 0.68% 0.23% -3.23% -0.23% 5.13% 2.70% 0.30% 2.53% 1.71% -2.09%
Benchmark -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57%

Best Monthly Return Since Inception

5.96% (April 2020)

Worst Monthly Return Since Inception

-9.43% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 12.23% 10.18% 3.32% 9.87% -0.25% 14.93% 10.66% 9.18% -12.40% 10.11%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking 1 1 3 1 1 1 1 2 3 2
Category Rank 73/ 668 141/ 792 639/ 897 120/ 984 139/ 1,127 209/ 1,233 261/ 1,316 673/ 1,400 1,110/ 1,539 697/ 1,658

Best Calendar Return (Last 10 years)

14.93% (2019)

Worst Calendar Return (Last 10 years)

-12.40% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 24.17
Canadian Equity 18.64
US Equity 18.52
Canadian Government Bonds 15.99
Canadian Corporate Bonds 15.86
Other 6.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 31.85
Financial Services 14.10
Technology 9.36
Industrial Services 8.24
Healthcare 6.55
Other 29.90

Geographic Allocation

Geographic Allocation
Name Percent
North America 75.59
Europe 18.85
Asia 4.63
Latin America 0.56
Africa and Middle East 0.09
Other 0.28

Top Holdings

Top Holdings
Name Percent
Mawer Global Small Cap Fund Series O 7.15
Quebec Province 3.60% 01-Sep-2033 2.72
Canada Government 0.00% 11-Apr-2024 1.93
Canada Government 3.25% 01-Dec-2033 1.72
Ontario Province 3.65% 02-Jun-2033 1.69
Canada Government 2.00% 01-Dec-2051 1.48
Canada Housing Trust No 1 2.65% 15-Mar-2028 1.30
Mawer Emerging Markets Equity Fund Series O 1.29
Canada Government 0.00% 09-May-2024 1.17
Canadian Pacific Railway Co 2.54% 28-Dec-2027 1.03

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Mawer Tax Effective Balanced Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 9.38% 9.10% 7.64%
Beta 0.97% 1.06% 0.90%
Alpha -0.01% 0.00% 0.00%
Rsquared 0.89% 0.88% 0.82%
Sharpe -0.03% 0.32% 0.65%
Sortino -0.08% 0.29% 0.65%
Treynor 0.00% 0.03% 0.06%
Tax Efficiency 70.17% 87.34% 89.91%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.28% 9.38% 9.10% 7.64%
Beta 1.01% 0.97% 1.06% 0.90%
Alpha -0.03% -0.01% 0.00% 0.00%
Rsquared 0.92% 0.89% 0.88% 0.82%
Sharpe 0.22% -0.03% 0.32% 0.65%
Sortino 0.73% -0.08% 0.29% 0.65%
Treynor 0.02% 0.00% 0.03% 0.06%
Tax Efficiency 87.53% 70.17% 87.34% 89.91%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date January 31, 1988
Instrument Type Mutual Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
MAW105

Investment 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 Funds as well as by investing directly in equity and equity-related securities and, when appropriate, treasury bills, short-term notes, debentures and bonds.

Investment Strategy

We have defined commitment ranges for various asset classes as follows: Cash 0 – 15%, Bonds 25 – 50%, Equities 45 – 70%. We will analyze the economy and markets with a view to determine which asset classes are more likely to offer attractive risk/return characteristics within a medium to long-term time frame.

Portfolio Manager(s)

Name Start Date
Steven Visscher 07-31-2020

Management and Organization

Fund Manager Mawer Investment Management Ltd.
Advisor Mawer Investment Management Ltd.
Custodian State Street Trust Company Canada
Registrar Mawer Investment Management Ltd.
Distributor Mawer Investment Management Ltd.
Auditor KPMG LLP, Chartered Accountants

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.89%
Management Fee 0.78%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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