Quarterly Update | Q4 2025 | EP206
January 15, 2026
21 Mins
Mawer Canadian Money Market Fund
As at December 31, 2025
Morningstar Rating™ *:
N/A
Fund Managers:
Crista Caughlin, CFA
Series Start Date:
Mar 31, 1988
Fund Net Asset Value:
$534.40 million
Total Net Asset Value (Series A):
$82.50 million
Net Asset Value Per Unit:
$10.00
RRSP Eligibility:
Yes
Management Expense Ratio† :
0.52% (as at 31 Dec 2025)
Fund Code:
MAW103
Related Links
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What Does this Fund Invest In?
This Fund invests in government treasury bills and bonds and corporate obligations maturing in 365 days or less. The Fund will have a dollar weighted average term to maturity of no more than 180 days, subject to certain condition.
Investor Suitability
Investors seeking income from short term investments. Low risk.
Investment Strategy
Strategies used to achieve this Fund’s objective include interest rate anticipation, yield analysis, credit and spread analysis, and taking advantage of supply and demand anomalies.
Top Holdings
| Top Holdings | Weight (%) |
|---|---|
| Canadian Treasury Bill 0% March 25, 2026 | 25.5 |
| Canadian Treasury Bill 0% January 28, 2026 | 14.4 |
| Canadian Treasury Bill 0% February 11, 2026 | 8.0 |
| Canadian Treasury Bill 0% April 8, 2026 | 7.9 |
| Canadian Treasury Bill 0% February 25, 2026 | 6.3 |
| Province of Alberta Commercial Paper 2026-04-10 | 4.7 |
| Province of British Columbia Commercial Paper 2026-04-22 | 4.7 |
| Enbridge Pipelines Inc. Commercial Paper 2026-01-02 | 3.8 |
| The Toronto-Dominion Bank Depository Note 2026-07-08 | 3.7 |
| Royal Bank of Canada Depository Note 2026-10-06 | 3.7 |
| Bank of Nova Scotia 5.5% May 8, 2026 | 3.5 |
| Cdn Imperial Bk Comm Commercial Paper 2026-01-16 | 3.4 |
| FORTISBC ENERGY INC. Commercial Paper 2026-02-26 | 2.8 |
| Canadian Treasury Bill 0% March 11, 2026 | 2.7 |
| Canadian Imperial Bank of Commerce 4.9% April 2, 2027 | 1.5 |
| Commercial Paper 2026-01-14 | 0.9 |
| North West Redwater Partnership Commercial Paper 2026-01-26 | 0.9 |
| Canadian Treasury Bill 0% January 14, 2026 | 0.8 |
| North West Redwater Partnership Commercial Paper 2026-01-06 | 0.8 |
| Cash and Cash Equivalents | 0.1 |
Net Performance‡
As at December 31, 2025
| 1 Yr | 3 Yr | 5 Yr | 10 Yr | |
|---|---|---|---|---|
| Mawer Canadian Money Market Fund | 2.2 | 3.4 | 2.3 | 1.4 |
| FTSE Canada 91 Day TBill Index | 2.8 | 4.1 | 2.9 | 1.9 |
| Morningstar Rating™ | 0 | 0 | 0 | 0 |
| Number of Funds in Morningstar Category | 0 | 0 | 0 | 0 |
| Number of Holdings§ | 19 | |||
Current yield is 2.06% which is an annualized historical yield based on 7-day
period ended Sept 30, 2025. This does not represent actual 1-year return.
Bond Sector Weights
Canadian Treasury Bills
Bank Deposit Notes
Commercial Paper
Corporate Bonds
Cash
Related Links
Quarterly Update | Q4 2025 | EP206
January 15, 2026
21 Mins
Disclaimers