• Mawer International Equity Fund  -  MAW102
• Mawer U.S. Equity Fund  -  MAW108
• Mawer U.S. Mid Cap Equity Fund  -  MAW180
• Mawer Global Equity Fund  -  MAW120
• Mawer Global Small Cap Fund  -  MAW150
• Mawer Emerging Markets Equity Fund  -  MAW160
• Mawer EAFE Large Cap Fund - MAW170
• Mawer Canadian Equity Fund  -  MAW106
• Mawer New Canada Fund  -  MAW107, MAW307
• Mawer Global Balanced Fund  -  MAW130
• Mawer Balanced Fund  -  MAW104
• Mawer Tax Effective Balanced Fund  -  MAW105
• Mawer Global Credit Opportunities Fund - MAW190
• Mawer Canadian Bond Fund  -  MAW100
• Mawer Canadian Money Market Fund  -  MAW103 

Series A funds are a no-load, no trailer Mutual Fund series. Series A funds are available to investors through channels such as discount brokerages and investment advisors. Series O funds are available to Mawer Investment Counselling investors and Institutions with a $1 million minimum. This fund series has a tiered outside fee schedule.

We do not offer F Series funds, however, many advisors use our funds in fee based accounts. Since we do not pay trailers or commissions, our funds can be used effectively in the same manner as F Series funds. 

Yes. You only pay the Mawer Balanced Fund MER. The underlying funds that the Balanced Fund holds are Series O funds. These funds have small expense ratios (typically under 0.10%) however they do not charge a management fee (which is what constitutes the bulk of the MER). The Balanced Fund MER is an all-inclusive fee which takes into account the management fee of the Balanced Fund as well as the expense ratios of the underlying funds. In short, you are not double charged for the underlying funds.

See the MERs for our Series A funds here.

No, 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. Our concern is that an influx of new capital into the fund might exceed the available investment opportunities to the detriment of the performance of the fund and, in turn, our existing investors.  We reserve the right to re-open the Mawer New Canada Fund to all purchasers at any time.

The Mawer Mutual Funds are priced once per business day, after the markets have closed.

You can view the prices for the previous business day here.

No, all of our mutual funds are denominated in Canadian dollars.

The Balanced Fund and the Tax Effective Balanced Fund hold the same allocation of securities. The difference lies in the tax overlay strategy within the Tax Effective Balanced Fund. The Tax Effective Balanced Fund tries to minimize distributions to unitholders to defer their tax liability and allow the investment to grow with less of a tax drag by holding the underlying securities individually (instead of holding funds as is the case for the Balanced Fund) and offsetting capital gains with capital losses. We recommend that investors hold the Balanced Fund in tax sheltered accounts (RRSP, SPRRSP, TFSA, RRIF, LIF, etc), and hold the Tax Effective Balanced Fund in non-registered, fully taxable accounts. The Global Balanced Fund leverages our global equity platform for capital allocation, combined with a stock-by-stock approach to risk management in order to improve portfolio resiliency. Equities are coupled with the stability of investment grade Canadian and Global bonds. A global focus means the fund has a wider investment universe to choose from and a smaller concentration in Canadian equities. 

Learn more about the difference here >

The major difference between the two funds is geographic. The International Equity Fund (IEF) invests in entities outside of Canada and the United States. The Global Equity Fund (GEF) invests in entities from around the world. In general, the GEF can be used as a standalone fund, whereas the IEF can be used as part of an overall asset mix, particularly if you already have a larger exposure to Canadian and U.S. equities.

With the exception of Mawer Global Credit Opportunities Fund, we do not hedge currency exposure. For a more detailed explanation for our rationale, see The Portfolio is the Hedge.