The Fund invests primarily in equity and equity related securities of companies located or active in emerging market countries. 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.
Mawer Emerging Markets Equity Fund
As at June 30, 2023- Morningstar Rating™
- (as at Jun 30, 2023)
- Fund Managers:
-
Peter Lampert, CFA
Wen Quan Cheong, CFA
- Series Start Date:
- Jan 31, 2017
- Fund Net Asset Value:
- $318.9 million
- Total Net Asset Value (Series A):
- $42.8 million
What Does this Fund Invest In?
The Fund invests primarily in equity and equity related securities of companies located or active in emerging market countries. 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 significant volatility. Medium-high risk.
Investment Strategy
In order to achieve its investment 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.
Top Holdings
| Top Holdings | Weight (%) |
|---|---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 6.0 |
| Salik Company PJSC | 4.5 |
| HDFC Bank Limited | 4.5 |
| Samsung Electronics Co., Ltd. | 4.5 |
| Tencent Holdings Ltd. | 4.1 |
| Cash & Cash Equivalents | 3.9 |
| Kaspi.kz JSC Sponsored GDR RegS | 3.9 |
| GPS Participacoes e Empreendimentos SA | 3.4 |
| Dino Polska SA | 3.3 |
| China Yangtze Power Co., Ltd. Class A | 2.9 |
| FPT Corp. | 2.8 |
| XP Inc. Class A | 2.8 |
| Corporacion Inmobiliaria Vesta S.A.B. de C.V. | 2.6 |
| Hikma Pharmaceuticals Plc | 2.6 |
| Prio SA | 2.6 |
| Baltic Classifieds Group Plc | 2.6 |
| International Games System Co., Ltd. | 2.3 |
| Netease Inc | 2.3 |
| National Atomic Company Kazatomprom JSC Sponsored GDR RegS | 2.2 |
| LIVECHAT Software S.A. | 2.2 |
| Southern Copper Corporation | 2.1 |
| Milkyway Chemical Supply Chain Service Co., Ltd. Class A | 2.0 |
| Parex Resources Inc. | 1.8 |
| Infosys Limited Sponsored ADR | 1.8 |
| AIA Group Limited | 1.8 |
Equity Sector Weights
Regional Weights
Disclaimers
- * 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 trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net assets during the year.
- ‡ Performance has been presented for the A-series mutual funds and has been calculated net of fees. Performance has been expressed in Canadian dollars.
- § Mawer Emerging Markets Equity Fund Series A inception: January 31, 2017.
- ‖ Equity holdings excluding cash.
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.
Index returns are supplied by a third party—we believe the data to be accurate, however, cannot guarantee its accuracy. Index returns are sourced from FTSE Russell, FactSet and BMO Capital Markets.
Performance returns for the Mawer Mutual Funds and benchmarks are calculated by Mawer Investment Management Ltd. These returns are historical simple returns for the 3 month, YTD and 1 year periods, and annualized compounded total returns for periods after 1 year.
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 Mutual Funds are managed by Mawer Investment Management Ltd.
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