Investment Objective
The fundamental investment
objective is to earn a high
rate of interest income
through investments in high-
quality bonds and debentures
issued principally by Canadian
borrowers in Canadian dollars.
These securities may consist
of debt obligations of, or
guaranteed by, Canadian
federal, provincial or
municipal governments,
Canadian chartered banks,
Canadian loan or trust
companies or Canadian
corporations.
Benchmark Statement
DEX Universe Bond Index
Recommended For
This Fund may be suitable for
medium to long-term investors
who are seeking a high quality
income investment, a regular
income stream and are
contributing to the income
component of a diversified
portfolio. Investors in this
Fund should be willing to
accept a low level of risk.
Why Invest
The focus on corporate bonds
allows you
to take advantage of their
higher potential
returns relative to government
bonds.
The managers and strong team
of
credit analysts closely
monitor each
bond-issuing corporation they
hold to
minimize risk and allow the
purchase
of higher yielding corporate
bonds.
The Fund seeks to deliver
superior returns
relative to the investment
risk involved
and has been recognized by
some of the
mutual fund industry’s leading
analysts.
Portfolio Update
Quarterly Update
Overall, Canadian bonds generated modestly positive returns for the quarter. Both government and corporate bonds gained, with corporates outperforming their government counterparts. Corporate bonds continued to benefit from higher relative yields and strong company balance sheets, while government bonds benefitted as some investors continued to seek safe havens for their capital. Over the quarter, mid-term bonds were the best performers, although short- and long-term bonds also gained. The portfolio adviser continues to keep the duration slightly shorter than benchmark to mitigate the risk of higher yields should they occur. Nonetheless, yield remains higher than benchmark.
(December 2012)
General Description - Segregated Fund
| Segregated Fund Codes:
|
TDG161,
ISC Version
TDG361,
DSC Version
|
| Minimum non-RSP Investment:
|
$ 1000.00
|
| Minimum RSP Investment:
|
$ 1000.00
|
| Minimum Subsequent Investment:
|
$ 1000.00
|
| Early Redemption:
|
Early Redemption Fee of 2.00% may be payable to Fund, if units are sold within 90 days of purchase.
|
|
Segregated Fund MER:
|
2.67% MER as of December 31, 2012
|
| Sector Class:
|
Canadian Fixed Income
|
| Inception Date:
|
Sep. 29, 2003
|
| Segregated Fund Assets:
|
$ 10.61 million as of Apr. 30, 2013.
|
| Minimum PPP Amount:
|
$50.00
|
|
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