Navigating the U.S. Mid-Cap Landscape: Resilience Amid Uncertainty | EP160
July 11, 2024
23 Mins
U.S. Mid Cap Equity
As at June 30, 2025
Managers:
Benchmark :
Russell Midcap Index
Inception Date:
October 31, 2020
*Based on all accounts following the strategy
For more information, please contact us.
Strategy Profile
Managers:
Benchmark:
Russell Midcap Index
Inception Date:
October 31, 2020
*Based on all accounts following the strategy
For more information, please contact us.
Related Links
Investment Philosophy
As bottom-up, benchmark agnostic, fundamental investors, we seek to identify companies with sustainable competitive advantages, regardless of industry or economic conditions. We believe that by consistently following our investment philosophy—seeking wealth-creating companies, with great management teams, bought at a discount to intrinsic value—we can provide investors with above-average, long-term, risk-adjusted returns.
What Does the Strategy Invest In?
The strategy invests primarily in equities and equity‐related securities of U.S. mid capitalization entities. Treasury bills or short-term investments, not exceeding three years to maturity, may also be used from time to time. The portfolio is built from the bottom up by selecting high-quality companies at reasonable prices, focusing on the long-term prospects of each company.
Filter:
Sector Weights
Portfolio
Russell Midcap Index
Communication Services
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Real Estate
Utilities
Cash & Cash Equivalents
Top 10 Equity Holdings
| Portfolio Weight | |
|---|---|
| Corpay | 4.8 |
| CACI | 4.8 |
| SharkNinja Inc | 4.6 |
| Interactive Brokers Group | 4.0 |
| OSI Systems | 3.8 |
| Valvoline | 3.7 |
| Amphenol | 3.6 |
| Barrett Business Services | 3.4 |
| Pathward Financial Inc | 3.2 |
| ResMed Inc | 3.2 |
| Total | 39.2 |
Market Capitalization
| Billions | Number of Companies | Portfolio Weight |
|---|---|---|
| $60 Billion and over | 6 | 10.5 |
| $30 to $60 Billion | 9 | 26.2 |
| $15 to $30 Billion | 6 | 16.1 |
| $5 to $15 Billion | 12 | 30.8 |
| $1 to $5 Billion | 5 | 12.4 |
| Cash & Cash Equivalents | - | 3.9 |
| Total | 38 | 100.0 |
Portfolio Characteristics
| Portfolio | Russell Midcap Index | |
|---|---|---|
| ROE (%) | 21.3 | 10.5 |
| Forward P/E | 21.1 | 19.9 |
| Dividend yield (%) | 0.5 | 1.6 |
| Active share (%) | 97.1 | - |
| Annual turnover (%) | 48.2 | - |
| Number Of Holdings | 38 | - |
Source: Mawer Investment Management Ltd. and Xpressfeed. Portfolio characteristics are based on the Mawer U.S. Mid Cap Equity representative account and is supplemental information to the U.S. Mid Cap Equity Composite. See GIPS report and full disclaimers.
Related Links
Navigating the U.S. Mid-Cap Landscape: Resilience Amid Uncertainty | EP160
July 11, 2024
23 Mins
Disclaimers
All information is in Canadian dollars unless otherwise stated. The strategy performance presented is based on the U.S. Mid Cap Equity Composite and is gross and net of fees. Returns are calculated using a time-weighted calculation and are annualized for periods greater than one year. The index is unmanaged and does not incur fees or expenses. It is not possible to directly invest in an index.
Gross-of-fee returns include the reinvestment of all income received/earned and are presented before management fees and other expenses, and after withholding taxes, if applicable. A client's actual return will be reduced by management fees. Net-of-fee returns are calculated by deducting 1/12th of the top tier of the management fee schedule from the monthly gross-of-fee returns of the composite. Actual fees may vary depending on the applicable fee schedule and the size of the account.
Past performance does not guarantee or indicate future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested. Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different. Investors should be aware that forward looking statements and forecasts may not be realized.
The information contained herein was provided by Mawer Investment Management Ltd. and intends to provide you with information related to Mawer U.S. Mid Cap Equity strategy and U.S. Mid Cap Equity Composite at a point in time. It is not intended to be investment advice applicable to any specific circumstance and should not be construed as investment advice. Market conditions may change impacting the composition of a portfolio. Mawer assumes no responsibility for any investment decisions made based on the information provided herein. Certain information contained herein is obtained from third parties. Mawer believes such information to be accurate and reliable as at the date hereof, however does not guarantee that it is accurate or complete or current at all times.
References to specific securities are presented for informational purposes only. Information relating to investment approaches or individual investments should not be construed as advice or endorsement. Any views expressed were prepared based upon the information available at the time and are subject to change. All information is subject to possible correction. In no event shall Mawer be liable for any damages arising out of, or in any way connected with, the use or inability to use this information appropriately.
Gross-of-fee returns include the reinvestment of all income received/earned and are presented before management fees and other expenses, and after withholding taxes, if applicable. A client's actual return will be reduced by management fees. Net-of-fee returns are calculated by deducting 1/12th of the top tier of the management fee schedule from the monthly gross-of-fee returns of the composite. Actual fees may vary depending on the applicable fee schedule and the size of the account.
Past performance does not guarantee or indicate future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested. Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different. Investors should be aware that forward looking statements and forecasts may not be realized.
The information contained herein was provided by Mawer Investment Management Ltd. and intends to provide you with information related to Mawer U.S. Mid Cap Equity strategy and U.S. Mid Cap Equity Composite at a point in time. It is not intended to be investment advice applicable to any specific circumstance and should not be construed as investment advice. Market conditions may change impacting the composition of a portfolio. Mawer assumes no responsibility for any investment decisions made based on the information provided herein. Certain information contained herein is obtained from third parties. Mawer believes such information to be accurate and reliable as at the date hereof, however does not guarantee that it is accurate or complete or current at all times.
References to specific securities are presented for informational purposes only. Information relating to investment approaches or individual investments should not be construed as advice or endorsement. Any views expressed were prepared based upon the information available at the time and are subject to change. All information is subject to possible correction. In no event shall Mawer be liable for any damages arising out of, or in any way connected with, the use or inability to use this information appropriately.