Q: I own both MAWER New Canada-MAW107 (since 2004!!) and Mawer Global Smallcap-MAW150 (since 2011) in a taxable account. Both funds declared very large capital gain distributions in 2021, much more then I experienced in the last years.. Are the capital gains really from 2021 -not the best year for MAW150 ?

I’m probably dead wrong but is it possible that after many years of good performance (let’s say 10 years), the mutual funds are required to distribute some capital gains, so that investors do not cling to them forever, and make CRA happy ?

Thank you.

Q: I have owned this Mawer fund for quite some time and have been very happy with its performance long term. Can you please explain the large drop in December in a little more detail? I know you said they “paid a distribution” I just don’t know what you mean by this and why it seemingly cost me a chunk of money. Thanks for walking me through this!

Q: Hi, I currently own quite a few Mawer Funds. One I do not own is the MAW Global Small Cap. I see it's dropped around 10% over the past month. Any particular reason for that, and do you recommend taking a small position at this time? Thanks.