Investment Q&A

Q: Mawer Global Fund has just experienced a down year and I assume they are experiencing significant redemptions. December 2024 they paid a dividend of 20 cents per share. December 2025 they paid a dividend of $2.30 per share.

Is the large dividend simply an enticement to keep people invested? Why would they paid such a large dividend when they just experienced a year of less than stellar results?

Thank you

Paul

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: Good Morning 5i,

I’ve been offered a DCPP with my employer and I have to select the funds to allocate contributions to.

Available are the typical Canada, US, EAFE low cost indexes as well as the Mawer Global Equity Fund (with a heavily discount MER). In your opinion would it be best to spread out my contributions to create a passive global index strategy or is it better to go with Mawer Global Equity? What do you do if you were me?

Also, if you were to spread it amongst the geographic indexes, what would the the suggested breakdown between the different countries?

Thanks for your time!

Q: With the London Stock exchange essentially being flat for the last 20 years is there a good global equity fund that could capitalize on he underpermorance.I am thinking Maw120 or RBF 1370. Thx

Q: Any reasons that 5i can see that would account for the large difference in 10 year and 5 year in the performance of these companies that operate in similar industry. Companies outside of Canada have dramtically outperformed

10 year # including Div AON 470 MMC478 MFC 105 GWO 135 SLF 235

AON and MMC are 2 long term holdings in MAW120 and I am thinking of selling SLF and adding to MAW120

Q: Long term investment of +20 years. Undecided between ETF vs mutual fund. Should Canadian allocation be 30% or 5%? Which would you suggest from the 3 listed above? Thank you

Q: Thx for mentioning these 2 actively global managed mutual funds in March for my RSP. I am looking for 1 more that 5i likes. I prefer a global mutual fund with a reasonable MER. Thx

Q: For international/global investments, Mawer appears to have performed well.
Would you consider either of these mutual funds adequate exposure or would there be also ETFs that would cover similar holdings, which I would prefer.
Thank you!

Q: Dear Team,
Of all the Mawer funds, which one or two would be your preferred choices?
And yes, your information and services have been excellent in these uncertain times!
Thank you for that!

Q: Here is another mutual fund that I own that is not doing all that well. Although my broker loves it. Are there better alternatives?

Q: I have owned these two mutual funds for several years now through my broker but am generally not impressed with the overall returns. Can you suggest better mutual funds?

Q: I have targeted general [not sector-specific] funds/ ETFs at up to 14% of total portfolio because of fund/ ETF attributes or performance. Please advise on selection and additions/ deletions of current and Watchlist or other.
Currently the allocation is XMU 8%, Edgepoint Gbl Port - 33% [4.5% total portfolio] + CYB - 3.5%, Mawer Gbl Eq and FID Gbl Innovators and AARK all at 11%, TD US Mid-Cap Growth - 9%. My watchlist includes DGRO [value - dividend growth], MAN Gbl Small Cap [previously sold] and TD US Blue Chip.

Q: Good morning,
I'm 70 years old and with yet a new year upon us and a review of the holdings in my non reg equity portfolio, I'm concerned that my $650K non reg equity portfolio has slowly grown into a "hodge podge" of miscellaneous holdings that need to be trimmed, better concentrated (minimum 5% per holding) along with the addition of a few additional names in sectors that are not currently represented. My current holdings are as follows:
AQN (3.3%),BCE (11.6%)BAM.A(3.8%),CU (4.5%),DIV(2.8%),EMA (2.4%),KEY(2.2%),XIU(5.2%),XIC (33.2%),XDV(18.4%),SLF(3.6%),T(2.9%),T(2.9%),MAW120(3.1%)MAW102(3%).
I would very much appreciate your suggestions on how to best to adjust my current non reg equity portfolio to make it easier to manage and follow. I'm open to adding an appropriate mix of ETFs or Mawer equity funds as need be. My RRSP and TFSA are pretty much all populated with a mix of relatively low MER Mawer equity funds which have performed well over the years. I thank you in advance and look forward to hearing your sage advice and recommendations.
Francesco

Q: Hi.

Comparing Global ETFs (XEF, VXC) [7-year AARR ~6.3%] versus MFs (RBF1067, RBF1370, MAW120, AIM1593) [10-year AARR net MER ~10%].

Hard to compare these with the tools I have at my disposal, but it appears that smart management of Global investments maybe be worth the MER ding. Your thoughts?

Haven't owned in MF in years, but maybe it makes sense here...

Thank you.

Q: Hi Peter & Ryan, Is there any ETF'S in Canada that could replicate the above Mawer funds in performance.
Thanks, as always, for your great service
Ivan

Q: Hi Peter & Team,
Would this be a good portfolio of Mawer Funds for a time frame of at least 15 years, or is there something I am missing or could be improved upon.
Thanks for your input
Ivan

Q: Good Morning, I am looking at Mawer 102 International Equity and Mawer 120 Global
Equity. How do you compare the two Mutual Funds? Which one of the two would
you buy today and why for a long term investment?

Q: Hi 5i, I am looking for a relatively safe environment in view of future interest rate increases. Please rate the above list, also can you tell me if there are any withdrawing charges in the Mawers. Perhaps suggesting other ones you prefer. I am 85 year young and like to have safety with some income. Like the new changes, many thanks for your help. J.A.P, Burlington

Q: Hallo 5I, Can you suggest similar ETFs in place of the above mutual funds. Also, the actual cost of a Mut.Fnd in view of the MER and Magt. Exp.Do
Many thanks, J.A.P. Burlington