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Mawer EAFE Large Cap Fund
As at June 30, 2026
Morningstar Rating™
(As at June 30, 2026)
Fund Managers:
Jim Hall, CFA, MBA
David Ragan, CFA
Series Start Date:
May 29, 2020
Fund Net Asset Value:
$131.80 million
Total Net Asset Value (Series F):
$6.50 million
Net Asset Value Per Unit:
$16.92
RRSP Eligibility:
Yes
Management Expense Ratio* :
1.40% (as at June 30, 2026)
Trading Expense Ratio†:
0.04% (as at June 30, 2026)
Fund Code:
MAW170
Related Links
Quarterly Update | Q2 2026 | EP 221
July 15, 2026
27 Mins
Quarterly Update | Q1 2026 | EP 213
April 14, 2026
29 Mins
Quarterly Update | Q4 2025 | EP 206
January 15, 2026
21 Mins
Performance
Performance
Fund Documents
Fund Documents
Prices
Prices
Fund Commentary
Fund Commentary
What Does this Fund Invest In?
The Fund invests primarily in equity and equity related securities of larger companies located in developed countries outside of Canada and the United States, primarily in Europe, Australasia and the Far East (EAFE). 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 HoldingsWeight (%)
ASML Holding NV3.3
DBS Group Holdings Ltd3.1
Cash and Cash Equivalents2.4
Mitsubishi UFJ Financial Group Inc2.4
Tokyo Electron Ltd2.4
Roche Holding AG2.4
Iberdrola SA2.2
InterContinental Hotels Group PLC2.0
BAE Systems PLC2.0
Intesa Sanpaolo SpA1.9
Air Liquide SA1.9
Shell PLC ADR1.9
AIB Group PLC1.9
Sandvik AB1.9
DNB Bank ASA1.9
NatWest Group PLC1.8
Assa Abloy AB1.7
Hitachi Ltd1.7
ITOCHU Corp1.7
Hoya Corp1.6
Techtronic Industries Co Ltd1.6
Schneider Electric SE1.6
Compass Group PLC1.5
Koninklijke Ahold Delhaize NV1.5
FinecoBank Banca Fineco SpA1.5
Net Performance‡
As at June 30, 2026
1 Yr3 Yr5 Yr10 Yr
Mawer EAFE Large Cap Fund14.513.87.8-
MSCI EAFE Index (net)25.019.212.1-
Morningstar Rating™
2
2
3
-
Number of Funds in Morningstar Category
678
601
559
-
Number of Holdings§79
Number of Countries§18
Equity Sector Weights
Portfolio
MSCI EAFE Index (net)
Communication Services
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Real Estate
Utilities
Cash and Cash Equivalents
1.6
3.8
4.4
8.2
6.0
6.7
1.9
3.3
21.3
25.1
11.0
10.4
30.4
18.9
12.1
12.1
6.0
6.0
0.0
1.6
2.8
3.9
2.4
0.0
Regional Weights
Portfolio
MSCI EAFE Index (net)
Asia Pacific Ex. Japan
Europe Ex. U.K.
Japan
Middle East/Africa
United Kingdom
United States
Cash & Cash Equivalents
6.3
10.1
52.1
51.0
18.5
23.5
0.1
1.1
19.4
14.3
1.2
0.0
2.4
0.0
Related Links
Quarterly Update | Q2 2026 | EP 221
July 15, 2026
27 Mins
Quarterly Update | Q1 2026 | EP 213
April 14, 2026
29 Mins
Quarterly Update | Q4 2025 | EP 206
January 15, 2026
21 Mins
Disclaimers
* The Fund’s MER is made up of the management fee and operating expenses. The Fund’s annual management fee is 1.10% of the Fund’s value. Because this fund is new, its operating expenses are relatively large in comparison to the fund’s assets. Mawer Investment Management Ltd. has committed to subsidize the operating expenses of the Fund from its inception so that the MER is no more than 1.40%; without the subsidy the MER may be higher. Mawer Investment Management Ltd. reserves the right to terminate the subsidy at any time. Management plans to review the subsidy periodically with the intent to remove the subsidy once the MER of the Fund has stabilized. After the subsidized period ends, the actual MER for the Fund may be higher than 1.40%.
† The trading expense ratio represents total commissions and other portfolio transaction costs expressed as an annualized percentage of daily average net assets during the year.
‡ Performance has been presented for the F-series mutual funds and has been calculated net of fees. Performance has been expressed in Canadian dollars.
§ Equity holdings excluding cash.