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Mawer Global Credit Opportunities Fund
As at December 31, 2024
Morningstar Rating™ *:
N/A
Series Start Date:
Jan 31, 2024
Fund Net Asset Value:
-
Total Net Asset Value (Series A):
-
Net Asset Value Per Unit:
-
RRSP Eligibility:
Yes
Management Expense Ratio†,‡ :
0.94% (as at 31 Dec 2024)
Fund Code:
MAW190
Related Links
Opportunities and Watchpoints: A Deep Dive into Global Credit | EP174
December 3, 2024
24 Mins
Performance
Performance
Fund Documents
Fund Documents
Prices
Prices
What Does this Fund Invest In?
The Fund is primarily invested in a portfolio of corporate bonds, debentures and other debt like instruments from issuers around the world. The Fund may also invest in asset-backed and mortgage-backed securities, and other securitized products. Equities issued as part of an issuer's restructuring may be held. The Fund intends to hedge its foreign currency exposure back to Canadian Dollars.
Investor Suitability
Investors seeking income and stability. Low to medium risk.
Investment Strategy
The Fund will be managed as an absolute return focused credit fund. The Fund will primarily invest in a portfolio of corporate bonds, debentures and other debt like instruments from issuers around the world. The Fund may also invest in asset-backed and mortgage-backed securities, and other securitized products. Equities issued as part of an issuer's restructuring may be held. Government bonds including, but not limited to, US Treasuries and Canadian Government bonds, may be held. There are no specific limits on the portion of the Fund's assets that may be invested in foreign securities. However, the Fund intends to hedge its foreign currency exposure back to Canadian Dollars.
Top Holdings
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Net Performance
1 Yr3 Yr5 Yr10 Yr
Number of Holdings
Sector Weights
Portfolio
Security Type Weights
Portfolio
Regional Weights
Portfolio
Credit Ratings (%)
Portfolio
Related Links
Opportunities and Watchpoints: A Deep Dive into Global Credit | EP174
December 3, 2024
24 Mins
Disclaimers
* Funds with less than three years of performance history are not rated.
† Management expense ratio (“MER”) is based on total expenses for the stated period and is expressed as an annualized percentage of daily net assets during the period. The MER for the Mawer Global Credit Opportunities Fund is not available because the Fund is new.
‡ The Fund’s MER is made up of the management fee and operating expenses. The Fund’s annual management fee is 0.75% of the Fund’s value. Because this fund is new, its operating expenses are relatively large in comparison to the fund’s assets. Mawer Investment Management Ltd. has committed to subsidize the operating expenses of the Fund from its inception so that the MER is no more than 0.95%; without the subsidy the MER may be higher. Mawer Investment Management Ltd. reserves the right to terminate the subsidy at any time. Management plans to review the subsidy periodically with the intent to remove the subsidy once the MER of the Fund has stabilized. After the subsidized period ends, the actual MER for the Fund may be higher than 0.95%.