Mawer is pleased to offer 13 mutual funds that meet a wide variety of investment needs and risk profiles. Our funds offer no-load investing—no sales or trailing commissions, no set-up fees, and no purchase, transfer, or redemption fees. Our Management Expense Ratios (MERs) are among the lowest in Canada.

To view a detailed fund profile, select the fund name below. 


Performance (Net) as at March 31, 2018

Mawer Equity Funds

Fund Facts

Fund Code

MER
(As at: Dec 31, 2017)

1-Yr

3-Yr

5-Yr

10-Yr

Morningstar RatingTM
(As at: Mar 31, 2018)

Risk Level

International Equity Fund MAW102 1.40% 16.0 8.5 12.9 7.7 Medium-High
U.S. Equity Fund MAW108 1.16% 12.8 10.0 17.7 11.2 Medium-High
Global Equity Fund MAW120 1.33% 13.9 9.5 15.6 - Medium-High
Global Small Cap Fund MAW150 1.76% 16.9 11.8 19.5 14.6 High
Emerging Markets Equity Fund MAW160 1.60%1 16.6 - - - N/A2 High
Canadian Equity Fund MAW106 1.17% 2.4 5.1 10.4 8.3 Medium-High
New Canada Fund (CLOSED) MAW107 1.35% -2.1 6.2 13.6 12.0 High

Mawer Balanced Funds

Fund Facts

Fund Code

MER
(As at: Dec 31, 2017)

1-Yr

3-Yr

5-Yr

10-Yr

Morningstar RatingTM
(As at: Mar 31, 2018)

Risk Level

Global Balanced Fund MAW130 1.13% 8.9 6.0 - - Medium
Balanced Fund MAW104 0.92% 7.2 5.6 10.1 7.9 Medium
Tax Effective Balanced Fund MAW105 0.90% 7.0 5.5 10.0 7.9 Medium

Mawer Income Funds

Fund Facts

Fund Code

MER
(As at: Dec 31, 2017)

1-Yr

3-Yr

5-Yr

10-Yr

Morningstar RatingTM
(As at: Mar 31, 2018)

Risk Level

Global Bond Fund MAW140 0.75%3 2.0 - - - N/A2 Medium
Canadian Bond Fund MAW100 0.69% 0.2 0.4 2.0 3.6 Low-Medium
Canadian Money Market Fund MAW103 0.52% 0.2 0.1 0.2 0.3 N/A4 Low

1 The Fund’s MER is made up of the management fee and operating expenses. The Fund’s annual management fee is 1.30% 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 1.60%; without the subsidy the MER would have been 1.80%. 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 1.60%.

2 Funds with less than three years of performance history are not rated.

3 The Fund’s MER is made up of the management fee and operating expenses. The Fund’s annual management fee is 0.60% 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 0.75%; without the subsidy the MER would have been 0.83%. 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 from asset growth at approximately 0.75%. After the subsidized period ends, the actual MER for the Fund may be higher than 0.75%.

4 As of April 30, 2013, Morningstar will no longer calculate a Morningstar Ratings™ for money market funds.


Mawer Mutual Fund returns are reported in Canadian dollars and calculated after management fees and operating expenses have been deducted. In comparison, index returns do not incur management fees or operating expenses. 

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mawer Mutual Funds are managed by Mawer Investment Management Ltd.

Additionally for money market funds, the performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

© 2018 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating, commonly referred to as the Star Rating, relates how a fund has performed on a risk-adjusted basis against its Morningstar category peers and is subject to change every month. Funds are ranked by their Morningstar Risk-Adjusted Return scores with the top 10% of funds in a category receiving 5 stars, the top 22.5% receiving 4 stars; a fund in the middle 35% receiving 3 stars; and a fund in the bottom 22.5% receiving 2 stars. The Overall Star Rating for a fund is a weighted combination of its 3, 5 and 10 year ratings. Overall ratings are adjusted where a fund has less than 5 or 10 years of history. For greater detail see www.morningstar.ca


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