Investment Q&A

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

Q: What are your thoughts on a light position in this Mutual Fund?
It would appear this funds process may be ok for these uncertain market conditions ?
Thanks!

Q: both are held in my tsfa can side With the difference in interest paid
would it be better to switch the tdb8150 into 8152
or are there better option for the cash

thank you

margit

Q: What is your view of this fund for exposure to US Large cap Growth names, with an investor comfortable with higher risk, over long term ? Mark Schmehl appears to have done a decent job with the funds he manages with Fidelity for 30 years.

Thank You

Q: I have two daughters resident in the USA and would like to put them into something similar to VEQT and VGRO. Are there any Fidelity USA or Vanguard USA products you can suggest that have a similarly diversified mix

Q: What is the total return for 1 3 5 10 year time period.

for this mutual fund.

ralph

Q: Hi Peter
We would very much appreciate your view on this situation, which seems quite unfair to us.
We invested in the TD USD money market fund, TDB2915. At the end of 2024 we received our regular monthly drip and the quantity of units rose accordingly. We also saw a transaction for a much larger drip but there were no numbers put in the quantity column. TD told us that the fund had a Special Distribution. But instead of paying the Special Distribution as cash into our account, the fund instead reduced the cost basis of our shares. TD said that they could either pay out the Special Distribution or reduce the cost basis, and that they chose the latter. TDB2915 has a fixed price of USD 10 per share. Our understanding of what we were told is below by way of an example:
Initial Investment: USD $10,000 with a purchase 1,000 shares of TDB2915 at USD $10 per share.
Special Distribution: USD $2 per share
Instead of receiving USD $2,000 as cash, the fund reduces the cost basis by USD $2 per share
So the Adjusted Cost Basis after the Special Distribution is USD $10 minus USD $2 = USD $8 per share, and so for 1,000 shares the ACB = USD $8,000
When the shares are sold there is a gain of USD $2,000 to report because of the now lower ACB. But we didn’t receive any additional shares.
Putting the tax issues aside, the example shows that the shareholder is no further ahead having not receive the additional USD $2,000 Special Distribution.
Are we missing something? Is this legal?
Many, many thanks for sharing your respected views.

Q: Hello,

I have been reading up on this fund, and comparing it to other covered funds. This one utilizes a strategy whereby they generate income (currently ~ 11% yield) by writing puts. This fund is currently 75% written puts. My sense is that when this strategy is coupled with a long equity strategy, you still have similar downside (less the premiums you receive via selling the puts), but your upside is capped. Works if markets are not overly volatile and remain range-bound. But I think things could go really wrong quite quickly in a volatile downward trending market. It seems to me that the fund is short volatility, which could cause serious distress in the fund vs writing covered calls.

Have I got this right?

Appreciate your thoughts as always.

Q: Comparing ETF's to mutual funds, the argument is that the higher MER is worth it in the mutual fund because the fund is managed. What are your thoughts on this topic?