Fund Detail - Fund Library

NAVPS (08-12-2025)	$38.70
Change	$0.10 (0.26%)

Growth of $10,000 (As at 07-31-2025)
NAVPS

Period

Legend

Mawer Balanced Fund Series A

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Fund Returns

Inception Return (March 31, 1988): 8.04%

Fund Returns
Row Heading	Return				Annualized Return
Row Heading	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	0.23%	4.29%	2.43%	6.11%	8.40%	10.91%	9.07%	3.95%	5.60%	6.09%	6.17%	6.56%	6.29%	6.04%
Benchmark	1.48%	6.62%	2.10%	4.88%	10.66%	13.20%	11.58%	5.69%	6.45%	7.05%	6.81%	7.24%	6.89%	6.68%
Category Average	0.83%	5.39%	1.91%	4.51%	8.17%	10.08%	8.17%	4.05%	5.88%	5.59%	5.32%	5.40%	5.31%	4.86%
Category Rank	1,678 / 1,788	1,410 / 1,784	543 / 1,738	237 / 1,738	914 / 1,722	726 / 1,656	678 / 1,598	933 / 1,454	813 / 1,329	577 / 1,275	418 / 1,149	327 / 1,031	277 / 925	204 / 825
Quartile Ranking	4	4	2	1	3	2	2	3	3	2	2	2	2	1

Monthly Return

Monthly Return
Return %	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul
Fund	0.21%	1.33%	-0.91%	2.89%	-1.33%	3.59%	-0.10%	-0.86%	-0.83%	3.05%	0.97%	0.23%
Benchmark	-0.07%	2.25%	0.21%	2.87%	0.17%	2.72%	-0.03%	-2.06%	-2.19%	2.47%	2.53%	1.48%

Best Monthly Return Since Inception

5.90% (April 2020)

Worst Monthly Return Since Inception

-9.53% (August 1998)

Calendar Return (%)

Calendar Return
Return %	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	10.54%	3.16%	10.00%	-0.30%	15.00%	10.62%	9.30%	-12.46%	10.14%	10.94%
Benchmark	17.05%	2.39%	8.66%	2.68%	12.26%	11.12%	6.48%	-11.62%	11.69%	17.48%
Category Average	2.99%	5.05%	7.69%	-3.99%	13.52%	7.16%	9.69%	-11.26%	9.53%	12.15%
Quartile Ranking	1	4	1	1	1	1	2	3	2	4
Category Rank	117/ 763	654/ 870	109/ 948	140/ 1,087	210/ 1,204	264/ 1,294	643/ 1,380	1,136/ 1,522	704/ 1,630	1,358/ 1,683

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	24.96
Canadian Equity	19.48
Canadian Government Bonds	18.05
US Equity	16.66
Canadian Corporate Bonds	13.19
Other	7.66

Sector Allocation

Sector Allocation
Name	Percent
Fixed Income	31.24
Financial Services	15.52
Technology	11.41
Cash and Cash Equivalent	7.32
Industrial Services	6.55
Other	27.96

Geographic Allocation

Geographic Allocation
Name	Percent
North America	74.77
Europe	17.54
Asia	6.89
Latin America	0.48
Africa and Middle East	0.12
Other	0.20

Top Holdings

Top Holdings
Name	Percent
Mawer Canadian Bond Fund Series O	31.25
Mawer International Equity Fund Series O	19.35
Mawer Canadian Equity Fund Series O	16.35
Mawer U.S. Equity Fund Series O	12.85
Mawer Global Small Cap Fund Series O	6.97
Mawer New Canada Fund Series O	3.56
Mawer U.S. Mid Cap Equity Fund Series O	2.91
Canada Government 13-Aug-2025	2.73
Mawer Emerging Markets Equity Fund Series O	1.55
Canada Government 24-Sep-2025	1.47

Equity Style

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	7.54%	8.37%	7.67%
Beta	0.92%	0.97%	0.96%
Alpha	-0.01%	-0.01%	0.00%
Rsquared	0.87%	0.86%	0.84%
Sharpe	0.66%	0.39%	0.58%
Sortino	1.43%	0.50%	0.61%
Treynor	0.05%	0.03%	0.05%
Tax Efficiency	88.07%	86.11%	88.93%
Volatility

Risk Rating

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio	1 Yr	3 Yr	5 Yr	10 Yr
Standard Deviation	5.88%	7.54%	8.37%	7.67%
Beta	0.77%	0.92%	0.97%	0.96%
Alpha	0.00%	-0.01%	-0.01%	0.00%
Rsquared	0.67%	0.87%	0.86%	0.84%
Sharpe	0.86%	0.66%	0.39%	0.58%
Sortino	2.08%	1.43%	0.50%	0.61%
Treynor	0.07%	0.05%	0.03%	0.05%
Tax Efficiency	89.51%	88.07%	86.11%	88.93%

No data available

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 Management

Portfolio Manager	Mawer Investment Management Ltd. Greg Peterson Steven Visscher
Sub-Advisor	-

Management and Organization

Fund Manager	Mawer Investment Management Ltd.
Custodian	State Street Trust Company Canada
Registrar	International Financial Data Services (Canada) Ltd
Distributor	Mawer Investment Management Ltd.