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Mawer 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
(07-19-2024)
$35.76
Change
-$0.13 (-0.35%)

As at June 30, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Mawer Balanced Fund Series A

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Fund Returns

Inception Return (March 31, 1988): 7.93%

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 0.34% -0.15% 4.36% 4.36% 9.80% 9.81% 1.98% 4.63% 4.86% 5.21% 5.44% 5.81% 5.72% 6.30%
Benchmark 1.79% 1.93% 7.81% 7.81% 14.07% 12.55% 3.51% 5.23% 5.76% 5.68% 6.03% 6.45% 6.40% 7.19%
Category Average 0.73% 5.44% 5.44% 5.44% 10.21% 9.05% 2.16% 5.38% 4.58% 4.52% 4.51% 4.94% 4.41% 4.55%
Category Rank 1,342 / 1,742 1,602 / 1,712 1,355 / 1,712 1,355 / 1,712 1,027 / 1,680 761 / 1,609 908 / 1,464 888 / 1,342 615 / 1,284 428 / 1,165 332 / 1,044 283 / 948 196 / 823 157 / 715
Quartile Ranking 4 4 4 4 3 2 3 3 2 2 2 2 1 1

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.69% 0.23% -3.26% -0.21% 5.20% 2.66% 0.27% 2.50% 1.69% -2.12% 1.67% 0.34%
Benchmark 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79%

Best Monthly Return Since Inception

5.90% (April 2020)

Worst Monthly Return Since Inception

-9.53% (August 1998)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 12.11% 10.54% 3.16% 10.00% -0.30% 15.00% 10.62% 9.30% -12.46% 10.14%
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 76/ 663 126/ 787 667/ 892 115/ 979 141/ 1,122 199/ 1,236 267/ 1,318 639/ 1,402 1,120/ 1,541 704/ 1,659

Best Calendar Return (Last 10 years)

15.00% (2019)

Worst Calendar Return (Last 10 years)

-12.46% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 23.37
US Equity 18.63
Canadian Equity 18.15
Canadian Government Bonds 17.50
Canadian Corporate Bonds 15.98
Other 6.37

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 33.48
Financial Services 13.23
Technology 9.00
Industrial Services 7.40
Cash and Cash Equivalent 6.07
Other 30.82

Geographic Allocation

Geographic Allocation
Name Percent
North America 76.54
Europe 18.07
Asia 4.63
Latin America 0.59
Africa and Middle East 0.10
Other 0.07

Top Holdings

Top Holdings
Name Percent
Mawer Canadian Bond Fund Series O 34.48
Mawer International Equity Fund Series O 17.10
Mawer U.S. Equity Fund Series O 15.81
Mawer Canadian Equity Fund Series O 15.41
Mawer Global Small Cap Fund Series O 7.27
Mawer New Canada Fund Series O 3.63
Mawer U.S. Mid Cap Equity Fund Series O 1.58
Canada Government 01-Aug-2024 1.25
Mawer Emerging Markets Equity Fund Series O 1.21
Canada Government 29-Aug-2024 0.95

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 Balanced Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 9.40% 9.10% 7.69%
Beta 0.98% 1.06% 0.90%
Alpha -0.01% -0.01% 0.00%
Rsquared 0.89% 0.88% 0.83%
Sharpe -0.07% 0.34% 0.64%
Sortino -0.09% 0.34% 0.66%
Treynor -0.01% 0.03% 0.05%
Tax Efficiency 54.14% 85.07% 89.56%
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 7.68% 9.40% 9.10% 7.69%
Beta 0.97% 0.98% 1.06% 0.90%
Alpha -0.03% -0.01% -0.01% 0.00%
Rsquared 0.93% 0.89% 0.88% 0.83%
Sharpe 0.62% -0.07% 0.34% 0.64%
Sortino 1.56% -0.09% 0.34% 0.66%
Treynor 0.05% -0.01% 0.03% 0.05%
Tax Efficiency 87.28% 54.14% 85.07% 89.56%

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 March 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
MAW104

Investment Objectives

The investment objective of the Mawer Balanced Fund is to achieve above-average long-term returns from income and capital gains. 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 fixed-income securities such as treasury bills, short-term notes, debentures, and bonds.

Investment Strategy

We will analyze the economy and markets with a view to determine which of the asset classes are more likely to offer attractive risk/return characteristics within a medium to long-term time frame. We have determined that radical shifts in asset mix expose unitholders to increased risk. We believe that incremental shifts in asset mix are more desirable. We have defined commitment ranges for various asset classes as follows: Cash 0 - 15%, Bonds 25 - 50%, Equities 45 - 70%.

Portfolio Manager(s)

Name Start Date
Greg Peterson 06-30-2006
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 0.91%
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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