Mawer Global Small Cap Fund
As at June 30, 2019
What does this Fund Invest In?
The Fund invests primarily in equity and equity-related securities of smaller companies around the world that have a free‐float market capitalization of $3 billion USD or less at the time of initial purchase (with a maximum $7 Billion USD market capitalization at the time of initial purchase). The amount invested in any one country will vary depending upon individual company by company opportunities in each area. 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.
Investors seeking long-term, above average growth who can tolerate equity volatility. High Risk.
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.
|Mawer Global Small Cap Fund||7.8||13.0||12.4||17.7|
|Global Small Cap Benchmark||-3.6||10.6||9.3||11.8|
|Number of Funds in Morningstar Category Global Small/Mid Cap Equity||353||256||117||58|
|Number of Holdings2:||73|
|Number of Countries2:||23|
|Top 25 Holdings||% Weight|
|Cash & Cash Equivalents||8.5|
|Bravida Holding AB||3.2|
|Cembra Money Bank AG||3.0|
|TSURUHA Holdings, Inc.||2.7|
|Addtech AB Class B||2.6|
|NICE Information Service Co., Ltd.||2.0|
|dormakaba Holding AG||2.0|
|Hansen Technologies Limited||1.8|
|KWS SAAT SE||1.8|
|On The Beach Group PLC||1.8|
|VZ Holding AG||1.7|
|Compania Cervecerias Unidas S.A. Sponsored ADR||1.7|
|Loomis AB Class B||1.5|
|XP Power Ltd.||1.4|
|CTS Eventim AG & Co. KGaA||1.4|
|KUSURI NO AOKI HOLDINGS CO., LTD.||1.4|
1 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.
2 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. Since Inception performance has been calculated from the month-end after the initial funding of the mutual fund in order to provide a comparison against a monthly benchmark.
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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