Morningstar Ratings

Please note, the Mawer Global Equity Fund is now rated with a score of 5 stars.

The overall Morningstar ratings* for the Mawer Mutual Funds as of March 31, 2013:

Fund		Morningstar Category*		(Rating out of 5 Stars)
Mawer International Equity Fund		International Equity
Mawer U.S. Equity Fund		U.S. Equity
Mawer Global Equity Fund		Global Equity
Mawer Global Small Cap Fund		Global Small/Mid Cap Equity
Mawer Canadian Equity Fund		Canadian Equity
Mawer New Canada Fund		Canadian Small/Mid Cap Equity
Mawer Balanced Fund		Global Neutral Balanced
Mawer Tax Effective Balanced Fund		Global Equity Balanced
Mawer Canadian Bond Fund		Canadian Fixed Income

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*As of April 30th, 2013, Morningstar will no longer calculate a Morningstart Rating™ for money market funds.