• 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 2017 2016 2015 2014
0.8 1.1 -1.2 1.2
1 mo 3 mo 6 mo 1 yr 3 yrs 5 yrs 10 yrs Incep
0.1 0.1 0.3 1.1 0.2 - - 1.0
As at 07/31/17

Freely tradable cash 1.70%

As at 07/31/17
As at 07/31/17 As at 12/31/16
As at 07/31/17
Hollis Receivables Term Trust II, 2.434% Jun. 26 19, Series 2014-1, Class "A" 3.6
AT&T Inc., 3.825% Nov. 25 20 2.9
Royal Bank of Canada, 2.03% Mar. 15 21 2.5
CARDS II Trust, 2.155% Oct. 15 20, Class "A", Series 2015-3 2.3
Choice Properties Limited Partnership, 3.60% Apr. 20 20, Series 8 2.3
Fairfax Financial Holdings Limited, 4.50% Mar. 22 23 2.3
Bank of Montreal, 1.61% Oct. 28 21 2.1
Ford Credit Canada Company, 2.939% Feb. 19 19 2.0
Race Point CLO Ltd., 2.512% Feb. 20 30, Series 13-8A 2.0
Master Credit Card Trust II, 2.723% Nov. 21 18, Class "A", Series 2013-4 1.9
Total allocation in top holdings 23.9
As at 07/31/17
Royal Bank 6.2
Bank of Montreal 4.3
AT&T 3.7
Hollis 3.6
Wells Fargo 3.5
Toyota 3.3
Ford 3.0
Choice Properties 2.9
Fairfax Financial 2.9
BCIMC Realtor Corp 2.7
Total allocation in top holdings 36.2
As at 07/31/17
AAA 21.9% BBB 36.7% CCC 0.0%
AA 17.1% BB 1.3% D 0.0%
A 23.0% B 0.0% NR 0.0%
Jul Jun May Apr Mar Feb Jan 2016
Nov Oct Sep
0.0139 0.0139 0.0126 0.0126 0.0126 0.0118 0.0118 0.0118 0.0124 0.0124 0.0124 0.0121
Management fee rates are applied back to dollar one
Fund Value %
$0K - $250K 1.000
$250K - $1MM 0.950
$1MM - $5MM 0.925
$5MM + 0.875

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 1.70%

4 MER For the period ended June 30, 2016.

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.


The benchmark used for analytics for this fund is FTSE TMX 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 2017-09-25 11:12:40 AM


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