Explore Funds

Mawer is pleased to offer 15 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, 2024

Equity Funds	Fund Profiles	Fund Code	MER (As at: Jun 28, 2024)	1-Yr	3-Yr	5-Yr	10-Yr	Since Inception	Morningstar Rating™ (As at: Sept 30, 2024)	Risk Level
Mawer International Equity Fund		MAW102	1.38%^*	25.5	4.2	6.8	7.9	7.8		Medium
Mawer U.S. Equity Fund		MAW108	1.14%^*	23.6	9.0	11.5	13.8	8.8		Medium
Mawer U.S. Mid Cap Equity Fund		MAW180	1.45%^†	22.2	6.8	-	-	5.4		Medium
Mawer Global Equity Fund		MAW120	1.29%^*	16.6	6.8	9.8	11.2	11.7		Medium
Mawer Global Small Cap Fund		MAW150	1.76%^*	9.6	-2.6	4.5	8.3	10.0		Medium-High
Mawer Emerging Markets Equity Fund		MAW160	1.60%^‡	26.3	0.5	5.1	-	5.5		Medium-High
Mawer EAFE Large Cap Fund		MAW170	1.40%^§	23.6	4.6	-	-	8.5		Medium
Mawer Canadian Equity Fund		MAW106	1.15%^*	24.3	8.2	9.2	7.9	9.2		Medium
Mawer New Canada Fund (CLOSED)^‖		MAW107, MAW307	1.35%^*	24.3	0.4	8.7	7.1	12.8		Medium-High
Balanced Funds	Fund Profiles	Fund Code	MER (As at: Jun 28, 2024)	1-Yr	3-Yr	5-Yr	10-Yr	Since Inception	Morningstar Rating™ (As at: Sept 30, 2024)	Risk Level
Mawer Global Balanced Fund		MAW130	1.09%^*	14.9	4.4	6.6	7.7	8.2		Low-Medium
Mawer Balanced Fund		MAW104	0.91%^*	18.8	3.4	5.7	6.8	8.0		Low-Medium
Mawer Tax Effective Balanced Fund		MAW105	0.89%^*	18.9	3.5	5.7	6.8	7.7		Low-Medium
Income Funds	Fund Profiles	Fund Code	MER (As at: Jun 28, 2024)	1-Yr	3-Yr	5-Yr	10-Yr	Since Inception	Morningstar Rating™ (As at: Sept 30, 2024)	Risk Level
Mawer Global Credit Opportunities Fund^¶		MAW190	0.94%^*	-	-	-	-	-	N/A ^**	Low-Medium
Mawer Canadian Bond Fund		MAW100	0.68%^*	12.9	-0.5	0.3	1.7	5.0		Low
Mawer Canadian Money Market Fund		MAW103	0.51%^††	4.5	2.8	1.8	1.1	3.0	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%.
^‡ 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.
^¶ Funds with less than 1 year of performance cannot be shown.
^** Funds with less than three years of performance history are not rated.
^†† 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 (other than for a money market fund) are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions. The indicated rates of return for a money market fund is an annualized historical yield based on the seven-day period ended as indicated and annualized in the case of effective yield by compounding the seven-day return and does not represent an actual one-year return. The indicated rates of return 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. 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 a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Mawer Mutual Funds are managed by Mawer Investment Management Ltd.

Mawer Mutual Funds do not have trailing commissions. If you purchased units of the Mawer Mutual Funds through a third-party dealer, you may be subject to commissions or additional sales charges. Please contact your dealer for more information.

© 2024 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.

The Morningstar Rating displayed is the weighted average of the 3, 5 and 10 year ratings, as applicable. Only funds with at least a three-year track record are rated. Please refer to the individual fund’s profile page to view the rating for each applicable period that the Morningstar Ratings are available for.