Fund Profiles

Mawer U.S. Equity Fund Profile

  • As at September 30, 2016
  • Morningstar RatingTM5Stars RED
  • Fund Manager:
    Grayson Witcher, CFA
    Colin Wong, CFA
  • Fund Inception Date: December 10, 1992
  • Fund Net Asset Value: $2,454.6 million
  • Total Net Asset Value (Series A): $277.0 million
  • Net Asset Value Per Unit: $38.96
  • RRSP Eligibility: Yes
  • Management Expense Ratio: 1.18% (as at Dec 31, 2015)
  • Trading Expense Ratio: 0.02%* (as at Dec 31, 2015)
  • Fund Code: MAW108

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What does this Fund Invest In?

The Fund invests in equity and equity-related securities of U.S. entities. Treasury bills or short-term investments, not exceeding three years to maturity, may still 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 U.S. Equity Fund

13.0

19.0

21.2

8.9

S&P 500 Index (CAD)

13.2

20.7

21.9

9.0


Number of Holdings1:

59



Top 25 Holdings

% Share

[Cash]

6.2

Becton, Dickinson and Company

4.5

LKQ Corporation

4.3

Marsh & McLennan Companies, Inc.

3.8

Comcast Corporation Class A

3.4

Alphabet Inc. Class C

3.3

Verisk Analytics Inc

3.2

Mastercard Inc Class A

3.2

JPMorgan Chase & Co.

3.2

S&P Global, Inc.

3.2

BlackRock, Inc.

2.8

Oracle Corporation

2.8

Johnson & Johnson

2.7

Visa Inc. Class A

2.7

ANSYS, Inc.

2.6

Wells Fargo & Company

2.5

MEDNAX, Inc.

2.4

AMETEK, Inc.

2.3

AutoZone, Inc.

2.2

CME Group Inc. Class A

2.1

Cinemark Holdings, Inc.

2.0

United Technologies Corporation

1.9

Intuit Inc.

1.9

Verizon Communications Inc.

1.8

PepsiCo, Inc.

1.7


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.

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