Quarterly Update | Q3 2026 | EP 232
October 14, 2026
22 Mins
Mawer Canadian Equity Fund
As at September 30, 2026
Morningstar Rating™
starstarstar
(As at September 30, 2026)
Series Start Date:
Jan 21, 1991
Fund Net Asset Value:
$3,896.60 million
Total Net Asset Value (Series F):
$733.50 million
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What Does this Fund Invest In?
The Fund invests primarily in securities of larger capitalization 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 equity volatility. Medium 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 long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs.
Top Holdings
| Top Holdings | Weight (%) |
|---|---|
| Toronto-Dominion Bank/The | 5.7 |
| Royal Bank of Canada | 5.5 |
| Brookfield Corp | 3.9 |
| Franco-Nevada Corp | 3.9 |
| Finning International Inc | 3.9 |
| Agnico Eagle Mines Ltd | 3.8 |
| iA Financial Corp Inc | 3.8 |
| Canadian Natural Resources Ltd | 3.7 |
| Shopify Inc | 3.6 |
| Canadian Pacific Kansas City Ltd | 3.5 |
| Fairfax Financial Holdings Ltd | 3.4 |
| Bank of Nova Scotia/The | 3.3 |
| Manulife Financial Corp | 2.9 |
| AltaGas Ltd | 2.8 |
| Bank of Montreal | 2.8 |
| Gibson Energy Inc | 2.6 |
| Suncor Energy Inc | 2.4 |
| Fortis Inc/Canada | 2.3 |
| CCL Industries Inc | 2.3 |
| Constellation Software Inc/Canada | 2.2 |
| TMX Group Ltd | 2.1 |
| Topicus.com Inc | 2.1 |
| Granite Real Estate Investment Trust | 2.0 |
| Onex Corp | 1.9 |
| Intact Financial Corp | 1.9 |
Equity Sector Weights
Portfolio
S&P/TSX Composite Index
Communication Services
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Real Estate
Utilities
Cash and Cash Equivalents
Related Links
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Disclaimers