In January, I had named this the one fund to own for 2014, and I’m adding it to the list of those funds I believe will be strong performers in the second half of the year. So far this year, it’s done well, gaining 6.5%. But where this fund really shines is over the long term with performance numbers that leave its peers in the dust. To achieve this, the fund invests in other funds that are offered by Mawer. Each of the underlying Mawer funds are top notch, except for maybe the U.S. equity fund, which has struggled to differentiate itself from the pack. Another potential drawback is that Mawer Canadian Bond Fund looks pretty similar to its index. While not necessarily a deal breaker, it only has about 40% in corporate bonds, which may cause some underperformance in a flat or rising yield environment, compared with a fund that has higher corporate bond exposure. Still, I think that this fund will continue to chug along nicely, rewarding investors with above average returns over the long term.