Quarterly Update | Q3 2025 | EP200
October 10, 2025
23 Mins
Mawer New Canada Fund (CLOSED)
As at September 30, 2025
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.
Morningstar Rating™
starstarstar
(As at Sep 30, 2025)
Series Start Date:
Jan 15, 1988
Fund Net Asset Value:
$1,512.60 million
Total Net Asset Value (Series A):
$205.90 million
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What Does this Fund Invest In?
The Fund invests primarily in securities of smaller Canadian companies. Treasury bills or short-term
investments, not exceeding three years to maturity will also be used.
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 a long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.
Top Holdings
| Top Holdings | Weight (%) |
|---|---|
| Element Fleet Management Corp | 5.8 |
| Kraken Robotics Inc | 4.7 |
| Stantec Inc | 4.5 |
| TerraVest Industries Inc | 4.3 |
| Colliers International Group Inc | 4.3 |
| Stella-Jones Inc | 4.1 |
| Andlauer Healthcare Group Inc | 4.1 |
| Parex Resources Inc | 4.0 |
| Mainstreet Equity Corp | 3.9 |
| Jamieson Wellness Inc | 3.8 |
| Sprott Inc | 3.5 |
| Vitalhub Corp | 3.3 |
| Trisura Group Ltd | 3.2 |
| Brookfield Wealth Solutions Ltd | 3.2 |
| Calian Group Ltd | 2.9 |
| Topicus.com Inc | 2.9 |
| Descartes Systems Group Inc/The | 2.8 |
| Mattr Corp | 2.7 |
| Pet Valu Holdings Ltd | 2.6 |
| EQB Inc | 2.5 |
| Wajax Corp | 2.3 |
| Richelieu Hardware Ltd | 2.1 |
| North American Construction Group Ltd | 2.1 |
| Pason Systems Inc | 2.0 |
| Richards Packaging Income Fund | 1.8 |
Equity Sector Weights
Portfolio
New Canada Fund Benchmark[¶]
Communication Services
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Real Estate
Utilities
Cash and Cash Equivalents
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Disclaimers