Mawer is pleased to offer 14 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. 
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Series A Performance (Net)

As At September 30, 2022

Equity Funds Fund Facts Fund Code MER
(As at: Jun 30, 2022)
1-Yr 3-Yr 5-Yr 10-Yr Morningstar Rating™
(As at: Sep 30, 2022)
Risk Level
Mawer International Equity Fund MAW102 1.40% * -22.8 -1.7 0.8 7.3 Medium
Mawer U.S. Equity Fund MAW108 1.13% * -10.2 6.1 11.0 14.8 Medium
Mawer U.S. Mid Cap Equity Fund MAW180 1.45% -13.9 - - - N/A Medium-High
Mawer Global Equity Fund MAW120 1.30% * -11.9 4.9 8.1 12.1 Medium
Mawer Global Small Cap Fund MAW150 1.77% * -27.6 -0.8 3.3 11.6 Medium-High
Mawer Emerging Markets Equity Fund MAW160 1.60% § -33.8 -5.8 -2.2 - Medium-High
Mawer EAFE Large Cap Fund MAW170 1.40% -21.3 - - - N/A Medium
Mawer Canadian Equity Fund MAW106 1.14% * -4.7 5.3 5.1 9.0 Medium
Mawer New Canada Fund (CLOSED) MAW107, MAW307 1.34% * -24.0 4.4 5.6 10.6 Medium-High
Balanced Funds Fund Facts Fund Code MER
(As at: Jun 30, 2022)
1-Yr 3-Yr 5-Yr 10-Yr Morningstar Rating™
(As at: Sep 30, 2022)
Risk Level
Mawer Global Balanced Fund MAW130 1.09% * -10.8 2.6 5.3 - Low-Medium
Mawer Balanced Fund MAW104 0.91% * -13.6 1.1 3.7 7.2 Low-Medium
Mawer Tax Effective Balanced Fund MAW105 0.89% * -13.5 1.1 3.7 7.2 Low-Medium
Income Funds Fund Facts Fund Code MER
(As at: Jun 30, 2022)
1-Yr 3-Yr 5-Yr 10-Yr Morningstar Rating™
(As at: Sep 30, 2022)
Risk Level
Mawer Canadian Bond Fund MAW100 0.67% * -11.0 -2.9 0.2 1.0 Low
Mawer Canadian Money Market Fund MAW103 0.40% ** 0.6 0.4 0.5 0.4 N/A †† Low
  • * Management expense ration (“MER”) is based on total expenses for the stated period and is expressed as an annualized percentage of daily net assets during the period.
  • 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 1.45%; without the subsidy the MER may be higher. 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 1.45%.
  • Funds with less than three years of performance history are not rated.
  • § 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%. 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%.
  • The Fund’s MER is made up of the management fee and operating expenses. The Fund’s annual management fee is 1.10% 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 1.40%; without the subsidy the MER may be higher. 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 1.40%. Because this series is new, its trading costs are not yet available.
  • The purchase of units of the Mawer New Canada Fund is currently restricted. The Fund is only open to new investors as part of a discretionary balanced portfolio through Mawer and to existing investors at our discretion. We reserve the right to re-open the Mawer New Canada Fund to all purchasers at any time.
  • ** Management expense ratio (“MER”) is based on total expenses for the stated period and is expressed as an annualized percentage of daily average net assets during the period. The Manager, at its discretion, absorbs certain expenses otherwise payable by each Series. The Manager may change the amount absorbed or discontinue absorbing these expenses at any time without notice.
  • †† As of April 30th, 2013, Morningstar will no longer calculate a Morningstar Ratings™ for money market funds.

Disclaimers

Mawer Mutual Funds are managed by Mawer Investment Management Ltd. 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 Funds are managed by Mawer Investment Management Ltd. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer.

© 2022 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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Phone: +1 (403) 262-4673
Toll-Free: +1 (800) 889-6248
Email: info@mawer.com

For general mutual fund inquiries:

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