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Global Neutral Balanced
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2021, 2020, 2019, 2018, 2017
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|
NAVPS (07-16-2025) |
$48.21 |
|---|---|
| Change |
$0.09
(0.19%)
|
As at June 30, 2025
As at May 31, 2025
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Inception Return (January 31, 1988): 7.72%
| 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 | 0.99% | 3.28% | 5.97% | 5.97% | 12.64% | 11.25% | 10.78% | 4.57% | 6.19% | 6.11% | 6.25% | 6.31% | 6.54% | 6.37% |
| Benchmark | 2.53% | 2.76% | 3.35% | 3.35% | 12.62% | 13.35% | 12.58% | 5.72% | 6.67% | 6.88% | 6.64% | 6.83% | 7.12% | 7.01% |
| Category Average | 1.87% | 2.93% | 3.65% | 3.65% | 10.26% | 10.24% | 9.45% | 4.12% | 6.33% | 5.50% | 5.32% | 5.21% | 5.52% | 4.98% |
| Category Rank | 1,683 / 1,816 | 504 / 1,771 | 70 / 1,769 | 70 / 1,769 | 285 / 1,749 | 672 / 1,681 | 555 / 1,621 | 716 / 1,478 | 756 / 1,352 | 554 / 1,295 | 373 / 1,165 | 307 / 1,039 | 266 / 939 | 187 / 817 |
| Quartile Ranking | 4 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 1 |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.08% | 0.21% | 1.31% | -0.92% | 2.87% | -1.31% | 3.57% | -0.10% | -0.84% | -0.80% | 3.09% | 0.99% |
| Benchmark | 3.28% | -0.07% | 2.25% | 0.21% | 2.87% | 0.17% | 2.72% | -0.03% | -2.06% | -2.19% | 2.47% | 2.53% |
5.96% (April 2020)
-9.43% (August 1998)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 10.18% | 3.32% | 9.87% | -0.25% | 14.93% | 10.66% | 9.18% | -12.40% | 10.11% | 11.02% |
| 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 | 3 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 4 |
| Category Rank | 132/ 781 | 649/ 890 | 114/ 969 | 138/ 1,115 | 217/ 1,235 | 259/ 1,326 | 710/ 1,412 | 1,126/ 1,554 | 719/ 1,660 | 1,378/ 1,714 |
14.93% (2019)
-12.40% (2022)
| Name | Percent |
|---|---|
| International Equity | 25.17 |
| Canadian Equity | 18.90 |
| Canadian Government Bonds | 18.35 |
| US Equity | 17.11 |
| Canadian Corporate Bonds | 12.97 |
| Other | 7.50 |
| Name | Percent |
|---|---|
| Fixed Income | 31.32 |
| Financial Services | 15.88 |
| Technology | 10.91 |
| Cash and Cash Equivalent | 7.12 |
| Industrial Services | 6.21 |
| Other | 28.56 |
| Name | Percent |
|---|---|
| North America | 74.73 |
| Europe | 18.18 |
| Asia | 6.49 |
| Latin America | 0.42 |
| Africa and Middle East | 0.10 |
| Other | 0.08 |
| Name | Percent |
|---|---|
| Mawer Global Small Cap Fund Series O | 6.80 |
| Canada Government 18-Jun-2025 | 2.66 |
| Canada Government 1.50% 01-Jun-2031 | 2.58 |
| Canada Housing Trust No 1 2.15% 15-Dec-2031 | 2.38 |
| Quebec Province 3.60% 01-Sep-2033 | 2.13 |
| Canada Government 04-Jun-2025 | 1.77 |
| Canada Government 2.00% 01-Dec-2051 | 1.53 |
| Ontario Province 3.65% 02-Jun-2033 | 1.41 |
| Mawer Emerging Markets Equity Fund Series O | 1.40 |
| Canadian Pacific Railway Co 2.54% 28-Dec-2027 | 1.09 |
Mawer Tax Effective Balanced Fund Series A
Median
Other - Global Neutral Balanced
| Standard Deviation | 7.85% | 8.40% | 7.69% |
|---|---|---|---|
| Beta | 0.93% | 0.97% | 0.95% |
| Alpha | -0.01% | 0.00% | 0.00% |
| Rsquared | 0.88% | 0.86% | 0.84% |
| Sharpe | 0.84% | 0.46% | 0.62% |
| Sortino | 1.82% | 0.61% | 0.68% |
| Treynor | 0.07% | 0.04% | 0.05% |
| Tax Efficiency | 92.42% | 89.38% | 90.07% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.72% | 7.85% | 8.40% | 7.69% |
| Beta | 0.86% | 0.93% | 0.97% | 0.95% |
| Alpha | 0.02% | -0.01% | 0.00% | 0.00% |
| Rsquared | 0.73% | 0.88% | 0.86% | 0.84% |
| Sharpe | 1.31% | 0.84% | 0.46% | 0.62% |
| Sortino | 3.69% | 1.82% | 0.61% | 0.68% |
| Treynor | 0.10% | 0.07% | 0.04% | 0.05% |
| Tax Efficiency | 92.69% | 92.42% | 89.38% | 90.07% |
| 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) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MAW105 |
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.
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 |
Mawer Investment Management Ltd.
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Mawer Investment Management Ltd. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
International Financial Data Services (Canada) Ltd |
| Distributor |
Mawer Investment Management Ltd. |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| 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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