• 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 2022 2021 2020 2019 2018 2017 2016 2015 2014
-1.5 -0.4 2.1 2.2 0.0 1.3 1.1 -1.2 1.2
1 mo 3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs Incep
-0.5 -1.1 -1.6 -1.8 0.3 0.6 - 0.8
As at 04/30/22

Freely tradable cash 0.20%

As at 04/30/22
As at 04/30/22 As at 12/31/21
As at 04/30/22
Bank of Nova Scotia (The), 2.95% Mar. 08 27 9.0
Toronto-Dominion Bank (The), 0.01% Jan. 07 27 7.6
Bank of Montreal, 2.65% Mar. 08 27 6.3
Royal Bank of Canada, 3.369% Sep. 29 25 6.2
Canadian Imperial Bank of Commerce, 2.25% Jan. 07 27 5.8
Ford Credit Canada Company, 2.766% Jun. 22 22 4.8
Goldman Sachs Group, Inc. (The), 0.805% Apr. 29 25 4.7
Pembina Pipeline Corporation, 2.56% Jun. 01 23, Series 14 3.0
Bank of Montreal, 3.65% Apr. 01 27 2.9
United States Treasury, 1.875% Feb. 28 27 2.6
Total allocation in top holdings 52.9
As at 04/30/22
Bank of Montreal 9.3
Bank of Nova Scotia 9.0
CIBC 8.6
TD 8.6
Goldman Sachs Group 7.2
Royal Bank 6.2
Pembina Pipeline 6.1
Ford 5.7
US Treasury 5.2
Government of Canada 3.3
Total allocation in top holdings 69.1
As at 04/30/22
AAA 8.8% BBB 21.2% CCC 0.0%
AA 1.0% BB 8.8% D 0.0%
A 60.2% B 0.0% NR 0.0%
Mar Feb Jan 2021
Nov Oct Sep Aug Jul Jun May
0.0096 0.0026 0.0026 0.0026 0.0023 0.0023 0.0023 0.0023 0.0023 0.0023 0.0034 0.0034

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

B. 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. Includes interest rate swaps and/or futures contracts

3. Freely tradable cash 0.20%

4 MER For the period ended June 30, 2021.

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.

6. 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.


The benchmark used for analytics for this fund is FTSE Canada Floating Rate Note 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 04:07:20 PM


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