Mawer Investment Management Ltd. (Mawer) announced today the following risk rating change:

Mawer Fund	Current Rating	New Rating	Direction of Change
Mawer U.S. Mid Cap Equity Fund	Medium to High	Medium	Lower

This change became effective on May 16, 2024 and will be reflected in the fund’s simplified prospectus and fund facts, which will be filed on about May 17, 2024.

Mawer reviews the risk rating for each fund at minimum on an annual basis, as well as when a fund undergoes a material change. The above noted change is the result of an annual review and is not the result of any changes to the investment objectives, strategies, or management of the fund. Mawer uses the investment risk classification methodology in National Instrument 81-102—Investment Funds.

About Mawer Investment Management Ltd.

Mawer is an independent investment firm managing portfolios for a broad range of foundations and not-for-profit organizations, pension plans, strategic alliances, and individual investors for over 50 years. For more information, visit Mawer at www.mawer.com.

For media inquiries, please contact:Joanna CrozierHead of Marketing and Communications+1 (403) 267-1964jcrozier@mawer.com