Investment Q&A

Q: I have held the Mawer Small Cap Global fund for several years. performance hasn't been too good in my mind. I am just about flat since original investment. How does this compare to other similar funds? Can you suggest other choices that may be a better choice?

Q: Is it a good one

Q: Ref Paul’ question about MAW120 on Oct 7. I’ve seen this article in August:

https://global.morningstar.com/en-ca/funds/why-we-downgraded-mawer-global-equity

Q: I have owned MAW120 for almost 10 years, and upon looking at its recent performance, I can't find any reason to continue owning this fund. Can you?

As per Mawer's web site (https://www.mawer.com/funds/performance) it shows results as of June 30, 2025 versus its benchmark:

MAW120 1yr: -0.9%; 3 yr: 9.8%; 5 yr 7.7%
Benchmark: 1 yr: 15.8%; 3 yr: 19.6%; 5 yr 13.7%

For the one year period ending June 30th it lost money! It's benchmark earned 15.8%. It has > 50% invested in the US market. I don't see how they could lose money over that time period. Can you explain how it could lose money when markets in US, Canda and Europe over that period were generally good. Even their International Equity fund made 23.3% over the same 1 year time period.

I will be "firing" them. I have sold 1/2 today, and will sell the other 1/2 next week. I would like to invest in the benchmark for this fund, or something as equivalent as possible. Can you suggest 3 ETFs for me to buy for global equity exposure that have significantly better performance than MAW120.

Thanks,
Paul

Q: Hi Peter,

My question is about Fidelity Monthly Income fund. I am looking for some diversification to my equity holdings. And would like to get an income fund that pays preferable a monthly dividend. I would also look at quarterly dividend. My question is does fidelity monthly income pay a dividend that would capture the dividend tax credit or is there a return on capital/interest component to it. Also what do you think of the fund and is there another you like that would check my box. thanks

Q: Hi 5i, Would you please share your opinion on FFRHX, Is it a good investment ?

Q: VFIAX. What is so unique about this US fund?

Why is it unavailable in Canada?

Is there a similar one for Canada or in the US?

Thank you.

Q: Your comments on this fund please.

Q: I hold the Franklin Quotential Diversified Income Portfolio Series F (TML3253) mutual fund in my RRSP. It accounts for about 10% of my entire portfolio. I pretty much ignore it, mostly because I find bonds hard to understand. Do you think retirees need bonds in their portfolio if they hold a lot of dividend stocks and funds like FIE and EIT, plus keep a years worth of cash to live on outside of the market? If yes, would you continue to hold this fund or move into a bond ETF? And what ETF would you suggest? And if no bonds, what would you suggest moving the fund into? Thank you.

Q: I have a small amount in this fund: PGF510:CA and with my reinvested drip my funds have gone up 6-7% a year on average. I'm thinking of adding a more substantial amount. Could you look at this fund for me and tell me what you think re: MER (is paying the higher fees worth it?), performance, what the stocks fair value price is, risk vs reward, forward looking etc. With the thought interest rates could soften, but then possibly go back up in the longer term, what is a good entry point? And how much risk does an investor take on going with smaller investment firms? Thanks so much.

Q: Hello, is it better to hold a Corporate Class mutual fund as opposed to a traditional
mutual fund in a Corporate investment account? Could you please explain your answer? Thank you.

Q: Are there any investment options that are independent of capital gains tax policy? For instance an investor may decide not to sell an equity to avoid triggering a capital gain and reducing capital (or may decide to sell for tax loss reasons). To avoid this bias are there etf/ funds that can swap investments without triggering capital gains?

Q: Hi, would appreciate your thoughts and any inormation you have on this mutual fund.
Is there a similiar ETF out there?
Thanks for your insights.

Q: Hi, would appreciate any information and thoughts on this mutual fund. Thank you.

Q: Recently I asked for alternatives for MMF559 in both MF and ETF versions. you answered with the ETF options but the Mutual Fund alternatives was missing - it looks like MF but no actual choices. below is your answer.

"MER is 1.85%, and since-inception is 4.25%. Not really overly impressive.It is a global, fixed-income multi sector income fund. ETF alternatives could be: TGFI or VGAB, largely on much lower costs and decent safe income. Versus other mutual funds, performance has been OK. We found several with lower fees but also weaker than performance. If going with a mutual fund vs an ETF, we would stay the course.

Mutual fund alternatives: "

Q: What would be a good replacement for MMF559 - could you provide a mutual fund and ETF option and brief points why. Or should I just keep it? Just not sure it's performance justifies the cost.
Thanks

Q: I bought TDB2915 a U.S. money market fund some time ago . There is 10.82 % of my portfolio in it . My sole reason for buying it was TD Waterhouse said that was the only way I could get around currency exchange when buying U.S. stocks. I recently bought a U.S. stock and they did not take the money from the account and when questioned on it informed me that they no longer did this practice. So I really have no motivation for keeping the money in this fund. Though the fund has increased in value 10% over the six or seven years I have had it. I'm not sure if this fund is earning me any money or not . Could 5i answer that question ? And more importantly with economic chaos in the U.S. is 5i more optimistic in the short term on the U.S dollar or the loonie ?

I recently read an article that Canada, the EU, and China could do some pretty serious damage to the Trump buck should they unite to sell off their U.S. treasuries ....... Would 5i counsel moving it into Canadian cash to be deployed in the future ? I'm in no mad panic to buy right now til we know what the U.S. is going to do ...... Thanks for your terrific service .....

Q: How the vix protection working with this fund?

Q: Hi there
Could you please suggest 4 fidelity corporate class funds to hold in a non registered account for someone who would like to use fidelity funds as a hand off approach for their portfolio.
Thank you

Q: Does TDB2915 money market fund need to be
included in the form 1135 reporting to the CRA
Thanks