Investment Objective
The fundamental investment
objective is to provide a
regular level of interest
income that is hedged against
inflation, by investing
primarily in Canadian
government guaranteed real
return bonds, as well as those
issued by the governments of
foreign countries.
Benchmark Statement
DEX Real Return Bond Index
Recommended For
This Fund may be suitable for
medium to long-term investors
who: are concerned about the
long-term effects of
inflation; are seeking a high
quality income investment; can
accept some interest rate risk
to achieve moderate capital
growth, and are contributing
to the income component of a
diversified portfolio.
Investors in this Fund should
be willing to accept a low to
moderate level of risk.
Why Invest
This Fund’s focus on real
return bonds helps
protect you against inflation.
The Fund seeks to deliver
superior returns
relative to the investment
risk involved.
Portfolio Update
Quarterly Update
Canadian real return bonds (RRB) posted very modest gains over the quarter and lagged the return of nominal bonds. The RRB Index currently yields 0.13 percent a year, plus the Consumer Price Index (CPI) inflation rate compounded semi-annually. In November, headline inflation decreased 0.2 percent from October while the year-over-year rate rose 0.8 percent, which represents the lowest year-over-year increase in more than three years. The portfolio adviser continues to see a longer-term bias for real yields to rise. The Fund is slightly overweight RRBs relative to the benchmark, and the duration and real yield of the RRB component are in line with the benchmark.
(December 2012)
General Description
| Fund Codes:
|
TDB755,
ISC Version
TDB775,
DSC Version
TDB795,
LSC Version
TDB108,
LSC2 Version
|
| Minimum non-RSP Investment:
|
$ 500.00
|
| Minimum RSP Investment:
|
$ 500.00
|
| Minimum Subsequent Investment:
|
$ 100.00
|
| Early Redemption:
|
Up to 2.00% of purchase cost if redeemed within 30 days of purchase.
|
|
MER:
|
1.48% MER as of December 31, 2012
|
| Sector Class:
|
Canadian Inflation Protected Fixed Income
|
| Inception Date:
|
Nov. 19, 2001
|
| Assets:
|
$ 1169.88 million as of May 31, 2013.
|
| Minimum PPP Amount:
|
$25.00
|
|
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