Nostalgia Is Not a Strategy: Adapting the Investing Playbook to a Changing World Order | EP208
February 3, 2026
28 Mins
Mawer Balanced Fund
As at March 31, 2026
Morningstar Rating™
starstarstar
(As at Mar 31, 2026)
Series Start Date:
Mar 31, 1988
Fund Net Asset Value:
$3,777.00 million
Total Net Asset Value (Series A):
$2,801.50 million
Related Links
Quarterly Update | Q4 2025 | EP206
January 15, 2026
23 Mins
Patience and Progress: Navigating Japan’s Investment Terrain | EP 198
October 1, 2025
18 Mins
%20--%3e%3csvg%20version='1.1'%20id='Layer_1'%20xmlns='http://www.w3.org/2000/svg'%20xmlns:xlink='http://www.w3.org/1999/xlink'%20x='0px'%20y='0px'%20viewBox='0%200%20107.7%2094'%20style='enable-background:new%200%200%20107.7%2094;'%20xml:space='preserve'%3e%3cstyle%20type='text/css'%3e%20.st0{fill:%236CC5F6;}%20%3c/style%3e%3ccircle%20id='Ellipse_252'%20class='st0'%20cx='-87.9'%20cy='130'%20r='39.5'/%3e%3cpath%20d='M41.5,80.2h-6c-0.6,0-1-0.4-1-1V52c0-0.6,0.4-1,1-1h6c0.6,0,1,0.4,1,1v27.2C42.5,79.8,42,80.2,41.5,80.2z%20M36.4,78.2h4V53%20h-4V78.2z%20M59.2,80.2h-6c-0.6,0-1-0.4-1-1V31c0-0.6,0.4-1,1-1h6c0.6,0,1,0.4,1,1v48.2C60.2,79.8,59.7,80.2,59.2,80.2z%20M54.2,78.2h4%20V32h-4V78.2z%20M78.3,80.2h-6c-0.6,0-1-0.4-1-1V17.3c0-0.6,0.4-1,1-1h6c0.6,0,1,0.4,1,1v61.9C79.3,79.8,78.9,80.2,78.3,80.2z%20M73.3,78.2h4V18.3h-4V78.2z%20M90.7,86.5H22.6V55.1l0,0l0,0v-34l0,0l0,0v-3.7c0-0.6-0.4-1-1-1s-1,0.4-1,1v2.7H17c-0.6,0-1,0.4-1,1%20s0.4,1,1,1h3.6v32.1H17c-0.6,0-1,0.4-1,1s0.4,1,1,1h3.6v30.4H17c-0.6,0-1,0.4-1,1s0.4,1,1,1h3.6V93c0,0.6,0.4,1,1,1s1-0.4,1-1v-4.5%20h32.6V93c0,0.6,0.4,1,1,1s1-0.4,1-1v-4.5h30.4V93c0,0.6,0.4,1,1,1s1-0.4,1-1v-4.5h1.1c0.6,0,1-0.4,1-1S91.3,86.5,90.7,86.5z%20M32.5,24.8L52.7,9.4l2.5,6.2c0.1,0.3,0.4,0.5,0.7,0.6s0.6,0,0.9-0.2L75.9,1.8c0.4-0.3,0.5-1,0.2-1.4c-0.3-0.4-1-0.5-1.4-0.2%20L56.6,13.7l-2.5-6.3c-0.1-0.3-0.4-0.5-0.7-0.6s-0.6,0-0.9,0.2L31.3,23.2c-0.4,0.3-0.5,1-0.2,1.4c0.2,0.3,0.5,0.4,0.8,0.4%20C32.1,25,32.3,24.9,32.5,24.8z'/%3e%3c/svg%3e)
What Does this Fund Invest In?
The Fund invests in Canadian, US, and International equity securities, as well as bonds and debentures
of Canadian government and corporate issues primarily through funds managed by Mawer.
Investor Suitability
Investors seeking long-term growth at low-medium risk.
Investment Strategy
The Manager’s traditional equity approach of systematically buying wealth creating companies at a discount to intrinsic value is used to construct the equity part of the portfolio. The fixed income part of the portfolio follows our traditional fixed income approach of focusing on sector allocation, security selection, and trading strategies. For asset mix, the Manager analyzes which combination of asset classes is most likely to offer the most attractive risk/return characteristics within a medium to long-term time frame, and carries out asset mix changes gradually to reduce risk.
Asset Mix‖
Canadian Bonds
30.5%
International Equity
18.6%
Canadian Large Cap Equity
17.1%
U.S. Equity
11.9%
Global Small Cap Equity
5.6%
Global Credit Opportunities
5.3%
U.S. Mid Cap Equity
3.4%
Canadian Small Cap Equity
3.3%
Emerging Markets Equity
2.5%
Cash & Cash Equivalents
1.9%
Top Holdings‖
| Top Holdings | Weight (%) |
|---|---|
| Mawer Canadian Bond Fund Series O | 30.5 |
| Mawer International Equity Fund Series O | 18.6 |
| Mawer Canadian Equity Fund Series O | 17.1 |
| Mawer US Equity Fund Series O | 11.9 |
| Mawer Global Small Cap Fund Series O | 5.6 |
| Mawer Global Credit Opportunities Fund Series O | 5.3 |
| Mawer U.S. Mid Cap Equity Fund Series O | 3.4 |
| Mawer New Canada Fund Series O | 3.3 |
| Mawer Emerging Markets Equity Fund Series O | 2.5 |
| Cash and Cash Equivalents | 1.9 |
Related Links
Nostalgia Is Not a Strategy: Adapting the Investing Playbook to a Changing World Order | EP208
February 3, 2026
28 Mins
Quarterly Update | Q4 2025 | EP206
January 15, 2026
23 Mins
Patience and Progress: Navigating Japan’s Investment Terrain | EP 198
October 1, 2025
18 Mins
Disclaimers