Global Credit

As at December 31, 2024

Strategy Profile

Benchmark :
ICE BofA Global Corporate & High Yield Index
Assets Under Management:
Mawer Investment Management Ltd: $89,528M
Strategy : $87M
Inception Date:
January 31, 2024

For more information, please contact us.

Related Links

Investment Philosophy

The strategy will be managed as an absolute return focused credit fund. The strategy will primarily invest in a portfolio of corporate bonds, debentures and other debt like instruments from issuers around the world. The strategy 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 strategy's assets that may be invested in foreign securities. However, the strategy intends to hedge its foreign currency exposure back to Canadian Dollars.

What Does the Strategy Invest In?

The strategy is primarily invested in a portfolio of corporate bonds, debentures and other debt like instruments from issuers around the world. The strategy 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.

Strategy Profile

Benchmark :
ICE BofA Global Corporate & High Yield Index
Assets Under Management:
Mawer Investment Management Ltd: $89,528M
Strategy : $87M
Inception Date:
January 31, 2024

For more information, please contact us.

Investment Philosophy

The strategy will be managed as an absolute return focused credit fund. The strategy will primarily invest in a portfolio of corporate bonds, debentures and other debt like instruments from issuers around the world. The strategy 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 strategy's assets that may be invested in foreign securities. However, the strategy intends to hedge its foreign currency exposure back to Canadian Dollars.

What Does the Strategy Invest In?

The strategy is primarily invested in a portfolio of corporate bonds, debentures and other debt like instruments from issuers around the world. The strategy 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.

Sector Weights

Sector: Automotive
  • Portfolio: 3.9
  • : 0
Sector: Banking
  • Portfolio: 25.7
  • : 0
Sector: Capital goods
  • Portfolio: 9.9
  • : 0
Sector: Consumer goods
  • Portfolio: 13.3
  • : 0
Sector: Energy
  • Portfolio: 4.7
  • : 0
Sector: Financial services
  • Portfolio: 13.3
  • : 0
Sector: Health care
  • Portfolio: 10
  • : 0
Sector: Insurance
  • Portfolio: 4.7
  • : 0
Sector: Retail
  • Portfolio: 5
  • : 0
Sector: Technology & Electronics
  • Portfolio: 8.2
  • : 0
Sector: Cash & cash equivalents
  • Portfolio: 4.4
  • : 0

Regional Weights

Region: Canada
  • Portfolio: 15.3
  • : 0
Region: Europe ex. U.K.
  • Portfolio: 17.2
  • : 0
Region: United States
  • Portfolio: 63.1
  • : 0
Region: Cash & Cash Equivalents
  • Portfolio: 4.4
  • : 0

Credit Ratings

Rating: AAA
  • Portfolio: 13.9
  • : 0
Rating: AA
  • Portfolio: 30.7
  • : 0
Rating: A
  • Portfolio: 31
  • : 0
Rating: BBB
  • Portfolio: 24.4
  • : 0
Rating: BB
  • Portfolio: 0
  • : 0
Rating: B
  • Portfolio: 0
  • : 0

Top 10 Holdings

Top 10 Holdings Weight (%)
JPMorgan Chase Bank NA 5.52% December 8, 2026 6.7
Royal Bank of Canada 6.45% July 20, 2026 6.0
Bank of America Corp 3.62% March 16, 2028 5.5
McDonald's Corp 3.13% March 4, 2025 5.0
Johnson & Johnson 2.63% January 15, 2025 5.0
Nestle Holdings Inc 4% September 12, 2025 5.0
General Electric Co 5.2% May 5, 2026 5.0
Novartis Capital Corp 3% November 20, 2025 5.0
3M Co 2% February 14, 2025 4.9
PepsiCo Inc 2.75% April 30, 2025 4.9
Total 53.0

Data not available at this time. Performance is not available for strategies with a history of less than one year. This strategy launched January 31, 2024.

Data not available at this time. This strategy launched January 31, 2024.

Related Links

  • Disclaimers

    All information is in Canadian dollars unless otherwise stated. The strategy performance presented is gross and net of fees; rates of return for greater than one year have been annualized. The index is unmanaged and does not incur fees or expenses. It is not possible to directly invest in an index.

    Past performance does not guarantee or indicate future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested. Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio’s base currency, if different. Investors should be aware that forward-looking statements and forecasts may not be realized.

    The information contained herein was provided by Mawer Investment Management Ltd. and intends to provide you with information related to Mawer Global Credit strategy and Global Credit Composite at a point in time. It is not intended to be investment advice applicable to any specific circumstance and should not be construed as investment advice. Market conditions may change impacting the composition of a portfolio. Mawer assumes no responsibility for any investment decisions made based on the information provided herein. Certain information contained herein is obtained from third parties. Mawer believes such information to be accurate and reliable as at the date hereof, however does not guarantee that it is accurate or complete or current at all times.

    References to specific securities are presented for informational purposes only. Information relating to investment approaches or individual investments should not be construed as advice or endorsement. Any views expressed were prepared based upon the information available at the time and are subject to change. All information is subject to possible correction. In no event shall Mawer be liable for any damages arising out of, or in any way connected with, the use or inability to use this information appropriately.

Disclaimers

All information is in Canadian dollars unless otherwise stated. The strategy performance presented is gross and net of fees; rates of return for greater than one year have been annualized. The index is unmanaged and does not incur fees or expenses. It is not possible to directly invest in an index.

Past performance does not guarantee or indicate future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested. Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio’s base currency, if different. Investors should be aware that forward-looking statements and forecasts may not be realized.

The information contained herein was provided by Mawer Investment Management Ltd. and intends to provide you with information related to Mawer Global Credit strategy and Global Credit Composite at a point in time. It is not intended to be investment advice applicable to any specific circumstance and should not be construed as investment advice. Market conditions may change impacting the composition of a portfolio. Mawer assumes no responsibility for any investment decisions made based on the information provided herein. Certain information contained herein is obtained from third parties. Mawer believes such information to be accurate and reliable as at the date hereof, however does not guarantee that it is accurate or complete or current at all times.

References to specific securities are presented for informational purposes only. Information relating to investment approaches or individual investments should not be construed as advice or endorsement. Any views expressed were prepared based upon the information available at the time and are subject to change. All information is subject to possible correction. In no event shall Mawer be liable for any damages arising out of, or in any way connected with, the use or inability to use this information appropriately.