Quarterly Update | Q3 2026 | EP 232
October 14, 2026
22 Mins
Mawer Global Balanced Fund
As at September 30, 2026
Morningstar Rating™
starstar
(As at September 30, 2026)
Series Start Date:
Dec 31, 2013
Fund Net Asset Value:
$628.50 million
Total Net Asset Value (Series F):
$291.20 million
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What Does this Fund Invest In?
The Fund invests primarily in equity and equity-related securities and fixed-income securities from around the world. The Fund may invest in any part of the capital structure in both public and private entities.
Investor Suitability
Investors seeking long-term growth at low-medium risk.
Investment Strategy
A bottom up approach is taken to construct this Fund. The equities are chosen on a global basis and are coupled with the stability of investment grade Canadian bonds. Risk is further managed through extensive diversification across many industries, countries, and currencies.
Asset Mix‖
Equities
61.4%
Bonds
35.6%
Cash
3.1%
Top Holdings‖
| Top Holdings | Weight (%) |
|---|---|
| Mawer Canadian Bond Fund Series O | 29.3 |
| Mawer Global Credit Opportunities Fund Series O | 6.3 |
| Taiwan Semiconductor Manufacturing Co Ltd | 3.7 |
| Cash and Cash Equivalents | 3.1 |
| Alphabet Inc | 2.8 |
| Microsoft Corp | 2.7 |
| NVIDIA Corp | 2.7 |
| Amazon.com Inc | 2.5 |
| Visa Inc | 2.0 |
| SK hynix Inc | 1.9 |
| Meta Platforms Inc | 1.8 |
| Shell PLC ADR | 1.6 |
| Berkshire Hathaway Inc | 1.5 |
| Wells Fargo & Co | 1.3 |
| Cencora Inc | 1.2 |
| Marsh & McLennan Cos Inc | 1.1 |
| Roche Holding AG | 1.1 |
| Tencent Holdings Ltd | 1.1 |
| Waters Corp | 1.1 |
| Bunzl PLC | 1.1 |
| MediaTek Inc | 1.0 |
| JPMorgan Chase & Co | 1.0 |
| Orkla ASA | 1.0 |
| DNB Bank ASA | 0.9 |
| Northrop Grumman Corp | 0.9 |
Equity Sector Weights¶
Portfolio
Internal Global Balanced Benchmark
Communication Services
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials
Real Estate
Utilities
Related Links
Quarterly Update | Q3 2026 | EP 232
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Balanced Portfolios: A Market Tug of War and the Discipline to Stay Neutral | EP 217
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Quarterly Update | Q1 2026 | EP 213
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Disclaimers