(As of 9/30/2026)

Mawer Tax Effective Balanced Fund series F

(Global Neutral Balanced)

FundGrade A+^® Rating recipient
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2020
2019
2018
2017

Inception Return (1/31/1988)	7.73 %
YTD Return	6.59 %

NAVPS (10/9/2026)	$51.04
Change	$0.48 / 0.95 %

Growth of $10,000 (As of September 30, 2026)

MER	0.89 %
Assets ($mil)	-
Rank (1Yr)	1193/1719
Std Dev (3Yr)	6.43 %
Volatility Ranking (3Yr)	3/10
RRSP Eligibility	Yes
Load	No Load
Max Front End	-
Max Back End	-
Sales Status	Open

Objective

The investment objective of the Mawer Tax Effective Balanced Fund is to invest for above-average long-term, tax-effective rates of return. We intend to achieve this objective by investing up to all of the assets of the Fund in other Funds as well as by investing directly in equity and equity-related securities and, when appropriate, treasury bills, short-term notes, debentures and bonds.

Fund Manager

Mawer Investment Management Ltd.

Portfolio Manager

Steven Visscher, Mawer Investment Management Ltd.

Sub-Advisor

Asset Allocation
(As of September 30, 2026)

Sector Allocation
(As of September 30, 2026)

Geographic Allocation
(As of September 30, 2026)

Top 10 Holdings

Name	Asset	Sector	Geographic	Percent
Mawer Global Credit Opportunities Fund Series O	Other	Mutual Fund	Multi-National	6.44%
Mawer Global Small Cap Fund Series O	International Equity	Mutual Fund	Multi-National	5.65%
Mawer Emerging Markets Equity Fund Series O	International Equity	Mutual Fund	Multi-National	2.10%
Canada Government 2.00% 01-Dec-2051	Domestic Bonds	Fixed Income	Canada	1.36%
Canada Government 0.00% 02-Dec-2026	Cash and Equivalents	Cash and Cash Equivalent	Canada	1.19%
Ontario Province 3.65% 02-Jun-2033	Domestic Bonds	Fixed Income	Canada	1.18%
Taiwan Semiconductor Manufactrg Co Ltd	International Equity	Technology	Asia/Pacific Rim	1.16%
Canada Government 3.50% 01-Dec-2057	Domestic Bonds	Fixed Income	Canada	1.14%
Canada Government 0.00% 16-Dec-2026	Cash and Equivalents	Cash and Cash Equivalent	Canada	1.07%
Toronto-Dominion Bank	Canadian Equity	Financial Services	Canada	0.98%

Performance Data (As of September 30, 2026)

	Return (%)				Annualized Return (%)
Return	1 Mth	3 Mth	6 Mth	YTD	1 Yr	3 Yr	5 Yr	10 Yr
Fund	-0.96	-0.60	6.64	6.59	6.59	11.70	5.36	6.51
Benchmark	0.35	-0.75	9.44	9.10	9.32	14.97	7.48	7.52
Quartile Ranking	4	2	3	3	3	3	3	2

Calendar Return (%)	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Fund	9.33	11.02	10.11	-12.40	9.18	10.66	14.93	-0.25	9.87	3.32
Benchmark	10.42	17.48	11.69	-11.62	6.48	11.12	12.26	2.68	8.66	2.39
Quartile Ranking	3	4	2	3	3	1	1	1	1	3

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