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Mawer Tax Effective Balanced Fund Series F
Global Neutral Balanced
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FundGrade C
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FundGrade A+® Rating Recipient
2021, 2020, 2019, 2018, 2017
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|
NAVPS (11-06-2026) |
$49.97 |
|---|---|
| Change |
-$0.15
(-0.29%)
|
As at September 30, 2026
As at September 30, 2026
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Legend
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Fund Returns
Inception Return (January 31, 1988): 7.73%
| 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 | -0.96% | -0.60% | 6.64% | 6.59% | 6.59% | 8.27% | 11.70% | 10.68% | 5.36% | 6.03% | 6.46% | 6.61% | 6.75% | 6.51% |
| Benchmark | 0.35% | -0.75% | 9.44% | 9.10% | 9.32% | 11.53% | 14.97% | 13.80% | 7.48% | 7.64% | 7.95% | 7.84% | 7.90% | 7.52% |
| Category Average | -0.99% | -0.81% | 6.26% | 6.17% | 7.28% | 8.59% | 11.93% | 10.64% | 5.69% | 6.71% | 6.31% | 6.10% | 5.92% | 5.83% |
| Category Rank | 1,363 / 1,788 | 721 / 1,761 | 974 / 1,752 | 970 / 1,734 | 1,193 / 1,719 | 1,087 / 1,643 | 1,036 / 1,579 | 931 / 1,547 | 1,054 / 1,445 | 988 / 1,307 | 711 / 1,246 | 540 / 1,128 | 405 / 998 | 365 / 891 |
| Quartile Ranking | 4 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 2 | 2 | 2 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.98% | -0.37% | -0.61% | 1.23% | 2.51% | -3.67% | 3.18% | 2.53% | 1.42% | -0.73% | 1.10% | -0.96% |
| Benchmark | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% | 2.26% | -1.63% | 0.55% | 0.35% |
Best Monthly Return Since Inception
5.96% (April 2020)
Worst Monthly Return Since Inception
-9.43% (August 1998)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.32% | 9.87% | -0.25% | 14.93% | 10.66% | 9.18% | -12.40% | 10.11% | 11.02% | 9.33% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.05% | 7.69% | -3.99% | 13.52% | 7.16% | 9.69% | -11.26% | 9.53% | 12.15% | 9.84% |
| Quartile Ranking | 3 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 4 | 3 |
| Category Rank | 622/ 836 | 109/ 908 | 133/ 1,053 | 210/ 1,169 | 232/ 1,258 | 696/ 1,338 | 1,096/ 1,481 | 678/ 1,555 | 1,316/ 1,602 | 951/ 1,658 |
Best Calendar Return (Last 10 years)
14.93% (2019)
Worst Calendar Return (Last 10 years)
-12.40% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| International Equity | 24.66 |
| Canadian Equity | 19.98 |
| US Equity | 16.95 |
| Canadian Corporate Bonds | 13.45 |
| Canadian Government Bonds | 13.07 |
| Other | 11.89 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 32.98 |
| Financial Services | 14.28 |
| Technology | 13.68 |
| Industrial Goods | 6.96 |
| Healthcare | 5.12 |
| Other | 26.98 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 71.54 |
| Asia | 11.64 |
| Europe | 11.12 |
| Latin America | 0.98 |
| Africa and Middle East | 0.47 |
| Other | 4.25 |
Top Holdings
| Name | Percent |
|---|---|
| Mawer Global Credit Opportunities Fund Series O | 6.44 |
| Mawer Global Small Cap Fund Series O | 5.65 |
| Mawer Emerging Markets Equity Fund Series O | 2.10 |
| Canada Government 2.00% 01-Dec-2051 | 1.36 |
| Canada Government 0.00% 02-Dec-2026 | 1.19 |
| Ontario Province 3.65% 02-Jun-2033 | 1.18 |
| Taiwan Semiconductor Manufactrg Co Ltd | 1.16 |
| Canada Government 3.50% 01-Dec-2057 | 1.14 |
| Canada Government 0.00% 16-Dec-2026 | 1.07 |
| Toronto-Dominion Bank | 0.98 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Mawer Tax Effective Balanced Fund Series F
Median
Other - Global Neutral Balanced
3 Yr Annualized
| Standard Deviation | 6.43% | 8.12% | 7.64% |
|---|---|---|---|
| Beta | 0.87 | 0.91 | 0.95 |
| Alpha | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.81% | 0.85% | 0.84% |
| Sharpe | 1.25 | 0.31 | 0.61 |
| Sortino | 2.60 | 0.46 | 0.70 |
| Treynor | 0.09 | 0.03 | 0.05 |
| Tax Efficiency | 89.83% | 83.32% | 88.56% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.63% | 6.43% | 8.12% | 7.64% |
| Beta | 0.82 | 0.87 | 0.91 | 0.95 |
| Alpha | -0.01 | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.87% | 0.81% | 0.85% | 0.84% |
| Sharpe | 0.66 | 1.25 | 0.31 | 0.61 |
| Sortino | 0.83 | 2.60 | 0.46 | 0.70 |
| Treynor | 0.05 | 0.09 | 0.03 | 0.05 |
| Tax Efficiency | 74.03% | 89.83% | 83.32% | 88.56% |
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 | NL | Open |
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 Management
| Portfolio Manager |
Mawer Investment Management Ltd.
|
|---|---|
| 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. |
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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