Fund Profiles

Mawer International Equity Fund Profile

  • As at September 30, 2016
  • Morningstar RatingTM: 5Stars RED
  • Fund Managers:
    David Ragan, CFA 
    Peter Lampert, CFA
  • Fund Inception Date: November 6, 1987
  • Fund Net Asset Value: $4,817.6 million
  • Total Net Asset Value (Series A): $771.2 million
  • Net Asset Value Per Unit: $55.19
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 1.52% (as at Dec 31, 2015)
  • Trading Expense Ratio: 0.10%* (as at Dec 31, 2015)
  • Fund Code: MAW102

Ready to Invest?

What does this Fund Invest In?

The Fund invests primarily in equity and equity-related securities of entities outside of Canada and the United States. The amount invested in any one country will vary depending upon individual company by company opportunities in each area. The Fund will diversify through currencies, industries, and countries to increase safety, and to increase the growth and liquidity of the investments. Treasury bills or short-term investments, not exceeding three years to maturity, may also be used from time to time.

Investor Suitability

Investors seeking long-term, above average growth who can tolerate equity volatility. Medium to high risk.

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 long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.


Net Performance

 

1-Yr

3-Yr

5-Yr

10-Yr

Mawer International Equity Fund

11.2

13.5 15.4 6.8

MSCI EAFE Index (Net, CAD)

4.4 9.1 12.5 3.5

Number of Holdings1:

57

Number of Countries1:

20



Top 25 Holdings

% Share

Aon plc

4.6

Intertek Group plc

4.3

IHS Markit Ltd.

3.8

Anheuser-Busch InBev SA

3.2

Tsuruha Holdings Inc.

3.2

Nestle S.A.

3.1

[Cash]

3.0

China Mobile Limited

3.0

Halma p.l.c.

3.0

Roche Holding Ltd Genusssch.

2.8

Air Liquide SA

2.7

WPP Plc

2.6

Wolters Kluwer NV

2.5

Kone Oyj Class B

2.5

Deutsche Boerse AG

2.4

Croda International Plc

2.4

Novartis AG Sponsored ADR

2.4

Tencent Holdings Ltd.

2.3

Sampo Oyj Class A

2.3

LIC Housing Finance Ltd

2.2

Lawson, Inc.

2.0

Bureau Veritas SA

2.0

DCC Plc

2.0

Seven & I Holdings Co., Ltd.

1.9

Swisscom AG

1.8


1 Equity holdings, excluding cash.

* The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net assets during the year.

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

 

Read Full Disclosure

This document is for information purposes only. Before investing, please consult the simplified prospectus, available at www.sedar.com, and the Fund Facts. Both documents provide additional information about the funds.

Mutual funds are not guaranteed. Values can change frequently and past performance is not indicative of future performance. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. (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 share or that the full amount of your investment will be returned to you.)

Performance returns for the Mawer Mutual Funds are calculated by Mawer Investment Management Ltd. These returns are historical simple returns for the 1 year period and are annualized compounded total returns for periods after 1 year. They include 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.

Index returns are supplied by a third party – we believe the data to be accurate, however, cannot guarantee its accuracy.

© 2016 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) in 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.

Ready to Invest?

Learn more

 

Questions? We're here to help.

Phone: +1 403 262 4673
Toll-Free: +1 800 889 6248
Email: investing@mawer.com