Mawer Emerging Markets Equity Fund
As at June 30, 2019
Peter Lampert, CFA
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.
Investors seeking long-term, above average growth who can tolerate significant 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 Emerging Markets Equity Fund||5.2||-||-||-|
|MSCI Emerging Markets Index||0.5||-||-||-|
|Number of Holdings4:||44|
|Number of Countries4:||16|
|Top 25 Holdings||% Weight|
|Cash & Cash Equivalents||4.7|
|AIA Group Limited||4.1|
|LG Household & Health Care Ltd Pfd Registered Shs Non-Voting||3.9|
|Alibaba Group Holding Ltd. Sponsored ADR||3.8|
|Shanghai International Airport Co., Ltd. Class A||3.8|
|HDFC Bank Limited||3.8|
|NICE Information Service Co., Ltd.||3.8|
|Tencent Holdings Ltd.||3.7|
|ADDCN Technology Co., Ltd.||3.6|
|Itau Unibanco Holding S.A.||3.5|
|Tehmag Foods Corp.||3.4|
|Taiwan Semiconductor Manufacturing Co., Ltd.||3.4|
|Infosys Limited Sponsored ADR||3.4|
|Compania Cervecerias Unidas S.A. Sponsored ADR||3.1|
|Heineken Malaysia Bhd.||3.0|
|Bolsa Mexicana de Valores SAB de CV Class A||2.9|
|Samsung Electronics Co Ltd Pfd Non-Voting||2.6|
|Sporton International Inc.||2.4|
|Golden Friends Co. Ltd.||2.2|
|Empresas Lipigas SA||2.1|
|B3 SA - Brasil, Bolsa, Balcao||2.0|
|CARE Rating Ltd||1.9|
1 Funds with less than three years of performance history are not rated.
2 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 1.60%; without the subsidy the MER would have been 1.80%. 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%.
3 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.
4 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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