• Consistent stream of tax-advantaged income through exposure towards North American preferred shares.
  • A portfolio diversifier offering access to the U.S. market, where higher yields are offered.
  • Managed by a large, experienced team of portfolio managers and credit analysts.
 
YTD 2022 2021 2020 2019 2018 2017 2016 2015 2014
-9.5 26.5 4.9 3.3 -10.1 14.2 7.3 -7.5 7.5
1 mo 3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs Incep
-7.2 -9.9 -10.3 -1.3 7.1 3.3 - 3.1
 
As at 04/30/22
As at 04/30/22
As at 04/30/22 As at 12/31/21
As at 04/30/22  
iShares S&P/TSX Canadian Preferred Share Index ETF 2.1
TC Energy Corporation, 3.903%, First Preferred, Series 7 1.6
Enbridge Inc., 3.737%, Series 3 1.4
Fortis Inc., 3.913%, Redeemable, Series "M" 1.4
TC Energy Corporation, 3.479%, First Preferred, Series 1 1.4
BCE Inc., 2.954%, First Preferred, Series "AK" 1.3
Brookfield Asset Management Inc., 1.712%, Class "A", Series 13 1.3
Intact Financial Corporation, 3.396%, Non-Cumulative, Series 1 1.3
Enbridge Inc., 3.415%, Redeemable, Series "B" 1.2
Great-West Lifeco Inc., 5.20%, Non-Cumulative, Series "G" 1.2
Total allocation in top holdings 14.2
As at 04/30/22
Enbridge 8.0
Brookfield Asset Management 6.9
TD 6.7
Pembina Pipeline 5.7
Bell Canada 5.5
Manulife Financial 5.4
TransCanada PipeLines 5.2
Great-West Life 4.1
Fairfax Financial 3.5
Power Financial Corp 3.2
Total allocation in top holdings 54.2
P1H 3.0% P2M 21.2% P3L 0.0%
P1M 0.0% P2L 41.6% P4H 1.2%
P1L 8.0% P3H 13.5% P4M - P5H 0.0%
P2H 4.3% P3M 7.2% N/R 0.0%
Reset 73.3
Perpetual 16.0
Float 4.8
Retractable 0.0
 
2022
Apr
Mar Feb Jan 2021
Dec
Nov Oct Sep Aug Jul Jun May
0.0306 0.0306 0.0306 0.0306 0.0953 0.0306 0.0306 0.0306 0.0306 0.0306 0.0306 0.0306
 
Management fee rates are applied back to dollar one
Fund Value %
$0K - $250K 1.300
$250K - $1MM 1.250
$1MM - $5MM 1.225
$5MM + 1.175
Notes

A. Switching from a Dynamic Corporate Class Fund into the DCAF version of a Corporate Class Fund will trigger a taxable event, as DCAF is composed of money market securities held in a mutual fund trust that are not within the Class structure. Once in DCAF, switches are then made into the target Corporate Class Fund.

B. Not available for purchases, switches in/out only.

C. Not available for purchases, switches out only.

1. This monthly distribution is fixed but not guaranteed and may be adjusted from time to time at the discretion of the fund manager.

2 MER For the period ended June 30, 2021.

3. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this mutual fund is a suitable investment for them.

4. The yield is determined by annualizing the fixed distribution rate and does not include any distributions in excess of the fixed distribution rate that may be paid at the fund’s year-end.

Disclaimer

The benchmark used for analytics for this fund is S&P/TSX Preferred Share Index.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.

The indicated rates of return are the historical annual compounded total returns including changes in units [share] value and reinvestment of all distributions [dividends] and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. Investments in mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value of any mutual fund or returns on investment in any mutual fund.

R2 is a measurement out of 100 that shows the extent to which a portfolio’s movements can be explained by the benchmark's movements.

Standard deviation is a measure of volatility; it shows how broadly the Fund's returns have varied over a given time period.

Dynamic Fund Profile rendered at 2022-05-28 03:31:37 PM

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