Mawer New Canada Fund

NOTE:

The Mawer New Canada Fund is capped to new and existing mutual fund investors. This has been done given the limited liquidity of the securities in the small cap segment of the Canadian equity market and given our desire to ensure that we continue to offer the best possible small cap product to our existing clients.

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Investment Objective

The objective of the Mawer New Canada Fund is to invest for attractive long-term risk-adjusted returns in securities of smaller Canadian companies. This is a smaller capitalization fund.

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Fund Details - Class A

The information summarized below is for the quarter ended March 31, 2013.

Fund Managers:	Martin Ferguson, CFA Jeff Mo, CFA
Inception Date:	January 8, 1988
Fund Net Asset Value:	$909.2 million
Total Net Asset Value (Class A):	$159.2 million
Net Asset Value Per Unit:	$51.95
RRSP Eligibility:	Yes
Management Expense Ratio:	1.47% (as at 12/31/12)
Top 10 Holdings	% Share
Stantec Inc.	5.7
Constellation Software Inc.	5.5
Home Capital Group Inc.	5.5
Stella-Jones Inc.	5.1
Canadian Energy Services & Technology Corp.	4.7
Paladin Labs Inc.	4.4
Winpak Ltd.	4.1
Equitable Group Inc.	4.0
Altagas Corp.	3.9
New Flyer Industries Inc.	3.6
Number of Holdings (Equities):	58

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Sector Weights

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Performance (Net)

	1-yr	3-Yr	5-Yr	10-Yr
Mawer New Canada Fund	17.0	14.5	10.4	14.8
BMO Nesbitt Burns Small Cap TRI (Weighted)	-3.6	4.7	3.9	11.1

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Investor Suitability

Investors seeking long-term, above average growth who can tolerate significant volatility. Higher risk.

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Investment Strategy

In order to achieve its investment strategy objectives, the Manager systematically creates a broadly diversified portfolio of wealth-creating companies with excellent management teams bought at discounts to their intrinsic values. The Manager employs a highly disciplined, research-driven, bottom-up process and a long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.

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All foreign equity indices are gross of withholding taxes.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate(s) of return is (are) the historical annual compounded total return(s) including changes in [share or unit] value and reinvestment of all (dividends or distributions) and does (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.

© 2013 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.