• Primarily invests in high quality, highly liquid investment grade corporate bonds issued in North America while maintaining an average credit quality of investment grade.
  • Employs hedging techniques to protect against the negative effects of rising interest rates.
  • Floating distribution that fluctuates with prevailing Canadian short-term interest rates.
 
YTD 2016 2015 2014
0.7 -1.2 1.2
1 mo 3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs Incep
0.2 0.4 1.3 -0.3 - - - 0.9
 
As at 07/31/16

Freely tradable cash 1.50%

As at 07/31/16
As at 07/31/16 As at 12/31/15
As at 07/31/16
Hollis Receivables Term Trust II, 2.434% Jun. 26 19, Series 2014-1, Class "A" 3.2
Manufacturers Life Insurance Company (The), 3.938% Sep. 21 17 2.8
Choice Properties Limited Partnership, 3.60% Apr. 20 20, Series 8 2.7
JPMorgan Chase & Co., 2.92% Sep. 19 17 2.4
Dollarama Inc., 3.095% Nov. 05 18 2.3
AT&T Inc., 3.825% Nov. 25 20 2.1
CARDS II Trust, 2.155% Oct. 15 20, Class "A", Series 2015-3 2.1
Aon Finance N.S. 1, ULC, 4.76% Mar. 08 18 2.0
Bank of Nova Scotia (The), 2.13% Jun. 15 20 2.0
Bank of Nova Scotia (The), 2.75% Aug. 13 18 1.9
Total allocation in top holdings 23.5
As at 07/31/16
Bank of Nova Scotia 5.3
Manulife Financial 4.1
Bell Canada 3.7
Choice Properties 3.6
JP Morgan 3.5
Hollis 3.2
Toyota 3.0
Dollarama 2.9
Cominar 2.9
AT&T 2.8
Total allocation in top holdings 35.0
As at 07/31/16
AAA 16.1% BBB 43.1% CCC 0.0%
AA 16.6% BB 0.0% D 0.0%
A 24.1% B 0.0% NR 0.0%
 
2016
Jul
Jun May Apr Mar Feb Jan 2015
Dec
Nov Oct Sep Aug
0.0121 0.0118 0.0118 0.0118 0.0124 0.0124 0.0124 0.0117 0.0117 0.0117 0.0131 0.0131
Notes

A Closed to new purchases.

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 Includes interest rate swaps and/or futures contracts

3 Freely tradable cash 1.50%

4 MER For the period ended June 30, 2015.

5 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.

Disclaimer

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.

Dynamic Fund Profile rendered at 2016-08-24 08:51:10 PM

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