Investing in the Build Canada Theme | EP 222
July 22, 2026
21 Mins
Mawer Canadian Equity Fund
As at June 30, 2026
Morningstar Rating™
starstarstar
(As at June 30, 2026)
Series Start Date:
Jan 21, 1991
Fund Net Asset Value:
$4,035.40 million
Total Net Asset Value (Series F):
$741.10 million
Related Links
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Looking Under the Hood: Canadian Equity Concentration and Diversification | EP 218
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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 (%) |
|---|---|
| Royal Bank of Canada | 5.9 |
| Toronto-Dominion Bank/The | 5.9 |
| Brookfield Corp | 4.5 |
| iA Financial Corp Inc | 3.8 |
| Canadian Pacific Kansas City Ltd | 3.6 |
| Franco-Nevada Corp | 3.6 |
| Shopify Inc | 3.5 |
| Finning International Inc | 3.5 |
| Agnico Eagle Mines Ltd | 3.4 |
| AltaGas Ltd | 3.3 |
| Cash and Cash Equivalents | 3.3 |
| Manulife Financial Corp | 3.2 |
| Bank of Montreal | 3.1 |
| Gibson Energy Inc | 2.8 |
| Canadian Natural Resources Ltd | 2.8 |
| Fairfax Financial Holdings Ltd | 2.7 |
| Bank of Nova Scotia/The | 2.7 |
| Granite Real Estate Investment Trust | 2.6 |
| Fortis Inc/Canada | 2.5 |
| Suncor Energy Inc | 2.2 |
| CCL Industries Inc | 2.1 |
| Intact Financial Corp | 2.1 |
| Onex Corp | 2.0 |
| Toromont Industries Ltd | 1.9 |
| Sprott Inc | 1.8 |
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
Investing in the Build Canada Theme | EP 222
July 22, 2026
21 Mins
Quarterly Update | Q2 2026 | EP 221
July 15, 2026
27 Mins
Looking Under the Hood: Canadian Equity Concentration and Diversification | EP 218
June 18, 2026
18 Mins
Disclaimers