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Mawer Global Balanced Fund
As at September 30, 2025
Morningstar Rating™
(As at Sep 30, 2025)
Fund Managers:
Steven Visscher, CFA
Greg Peterson, CFA
Series Start Date:
Dec 31, 2013
Fund Net Asset Value:
$910.20 million
Total Net Asset Value (Series A):
$490.20 million
Net Asset Value Per Unit:
$20.67
RRSP Eligibility:
Yes
Management Expense Ratio* :
1.10% (as at 30 Jun 2025)
Trading Expense Ratio†:
0.02% (as at 30 Jun 2025)
Fund Code:
MAW130
Related Links
Quarterly Update | Q3 2025 | EP 200
October 10, 2025
23 Mins
Performance
Performance
Fund Documents
Fund Documents
Prices
Prices
Fund Commentary
Fund Commentary
What Does this Fund Invest In?
The Fund invests primarily in equity and equity-related securities and fixed-income securities from around the world. The Fund may invest in any part of the capital structure in both public and private entities.
Investor Suitability
Investors seeking long-term growth at low-medium risk.
Investment Strategy
A bottom up approach is taken to construct this Fund. The equities are chosen on a global basis and are coupled with the stability of investment grade Canadian bonds. Risk is further managed through extensive diversification across many industries, countries, and currencies.

Asset Mix‖

Equities
62.2%
Bonds
35.8%
Cash
2.0%
Top Holdings‖
Top HoldingsWeight (%)
Mawer Canadian Bond Fund Series O31.0
Mawer Global Credit Opportunities Fund Series O4.8
Microsoft Corp3.3
Taiwan Semiconductor Manufacturing Co Ltd2.9
Alphabet Inc2.6
Amazon.com Inc2.4
Marsh & McLennan Cos Inc2.4
Booking Holdings Inc2.3
Cash and Cash Equivalents2.0
Visa Inc1.9
Berkshire Hathaway Inc1.8
Publicis Groupe SA1.8
Tencent Holdings Ltd1.8
Meta Platforms Inc1.6
Roche Holding AG1.6
Wolters Kluwer NV1.5
Northrop Grumman Corp1.5
Aon PLC1.3
Alimentation Couche-Tard Inc1.3
CGI Inc1.3
Amphenol Corp1.3
FTI Consulting Inc1.2
KDDI Corp1.2
CDW Corp/DE1.2
Admiral Group PLC1.1
Net Performance‡
As at September 30, 2025
1 Yr3 Yr5 Yr10 Yr
Mawer Global Balanced Fund0.58.64.66.4
Internal Global Balanced Benchmark††13.615.98.48.1
Morningstar Rating™
1
2
1
4
Number of Funds in Morningstar Category
1180
1103
916
532
Number of Holdings§,‖77
Number of Countries§,16
Equity Sector Weights
Portfolio
Internal Global Balanced Benchmark[††]
Communication Services
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Real Estate
Utilities
14.6
8.8
11.4
10.7
8.0
5.3
0.0
3.5
25.2
17.4
7.7
8.5
14.1
10.7
17.9
27.2
1.0
3.6
0.0
1.9
0.0
2.6
Related Links
Quarterly Update | Q3 2025 | EP 200
October 10, 2025
23 Mins
Disclaimers
* 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 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.
§ Equity and Fixed Income holdings, excluding cash
‖ Fund level exposure
Security level exposure
** Mawer Global Balanced Fund Series A inception: June 28, 2013.
†† See benchmark history.