Fund Detail - Fund Library

NAVPS (06-12-2025)	$38.17
Change	$0.02 (0.05%)

Growth of $10,000 (As at 05-31-2025)
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	3.05%	1.32%	3.46%	4.85%	11.84%	11.41%	8.74%	4.80%	6.13%	6.22%	6.23%	5.88%	6.39%	6.14%
Benchmark	2.47%	-1.84%	0.98%	0.80%	11.81%	12.20%	10.05%	5.83%	6.31%	6.62%	6.42%	6.01%	6.79%	6.61%
Category Average	2.61%	-0.83%	0.46%	1.76%	9.03%	10.05%	6.90%	4.09%	6.21%	5.55%	5.13%	4.79%	5.31%	4.62%
Category Rank	369 / 1,812	33 / 1,769	32 / 1,763	33 / 1,768	158 / 1,742	526 / 1,667	366 / 1,621	644 / 1,460	728 / 1,345	517 / 1,296	340 / 1,160	286 / 1,039	251 / 931	177 / 809
Quartile Ranking	1	1	1	1	1	2	1	2	3	2	2	2	2	1

Monthly Return

Monthly Return
Return %	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May
Fund	0.34%	4.07%	0.21%	1.33%	-0.91%	2.89%	-1.33%	3.59%	-0.10%	-0.86%	-0.83%	3.05%
Benchmark	1.79%	3.28%	-0.07%	2.25%	0.21%	2.87%	0.17%	2.72%	-0.03%	-2.06%	-2.19%	2.47%

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/ 781	675/ 890	109/ 970	140/ 1,116	210/ 1,236	264/ 1,327	675/ 1,413	1,140/ 1,555	716/ 1,661	1,390/ 1,714

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	24.71
Canadian Government Bonds	19.77
Canadian Equity	18.26
US Equity	17.24
Canadian Corporate Bonds	14.29
Other	5.73

Sector Allocation

Sector Allocation
Name	Percent
Fixed Income	34.06
Financial Services	15.48
Technology	10.39
Industrial Services	6.34
Healthcare	5.88
Other	27.85

Geographic Allocation

Geographic Allocation
Name	Percent
North America	75.05
Europe	17.85
Asia	6.11
Latin America	0.43
Africa and Middle East	0.10
Other	0.46

Top Holdings

Top Holdings
Name	Percent
Mawer Canadian Bond Fund Series O	34.76
Mawer International Equity Fund Series O	19.21
Mawer Canadian Equity Fund Series O	15.76
Mawer U.S. Equity Fund Series O	13.79
Mawer Global Small Cap Fund Series O	6.69
Mawer New Canada Fund Series O	3.28
Mawer U.S. Mid Cap Equity Fund Series O	2.95
Mawer Emerging Markets Equity Fund Series O	1.26
Canada Government 16-Jul-2025	0.80
Canada Government 04-Jun-2025	0.75

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	8.44%	8.44%	7.75%
Beta	0.96%	0.98%	0.96%
Alpha	-0.01%	0.00%	0.00%
Rsquared	0.90%	0.87%	0.85%
Sharpe	0.57%	0.46%	0.59%
Sortino	1.16%	0.59%	0.63%
Treynor	0.05%	0.04%	0.05%
Tax Efficiency	87.65%	87.16%	89.01%
Volatility

Risk Rating

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio	1 Yr	3 Yr	5 Yr	10 Yr
Standard Deviation	6.78%	8.44%	8.44%	7.75%
Beta	0.89%	0.96%	0.98%	0.96%
Alpha	0.01%	-0.01%	0.00%	0.00%
Rsquared	0.74%	0.90%	0.87%	0.85%
Sharpe	1.17%	0.57%	0.46%	0.59%
Sortino	3.36%	1.16%	0.59%	0.63%
Treynor	0.09%	0.05%	0.04%	0.05%
Tax Efficiency	92.13%	87.65%	87.16%	89.01%

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.