Investment Objective
The fundamental investment
objective is to seek to
provide a consistent level of
monthly income in U.S. dollars
by investing mainly in, or
obtaining exposure to, income-
producing securities, with
capital appreciation as a
secondary objective. Income-
producing securities may
include, but is not limited
to, dividend-paying common
shares and preferred shares,
bonds, exchange-traded funds
and real estate investment
trusts.
Benchmark Statement
50% S&P 500 Index (N.D. US$);
35% Bank of America (BofA)
Merrill Lynch (ML) 1-10 Year
U.S. Corporate & Government Bond
Index (US$); 15% BofA ML BB-B
U.S. High Yield Index (US$)
Recommended For
This Fund may be suitable for
medium to long-term investors
who are seeking a consistent
level of U.S. dollar monthly
income with a moderate degree
of capital growth. Investors
in this Fund should be willing
to accept a low to medium
level of risk.
Why Invest
With a bottom-up strategy, the
Fund offers a diverse portfolio
of U.S. securities, including
government and corporate bonds,
dividend-paying equities, and
real estate investment trusts.
Portfolio Update
Quarterly Update
Despite continuing uncertainty regarding political considerations in the U.S. (for example, the current ‘fiscal cliff impasse’ has morphed into a new debt ceiling debate), the underlying U.S. economy continues to recover nicely. The housing market is on the mend, with both transactions and prices increasing strongly year-over-year. Private credit growth is expanding as evidenced by auto sales rebounding back to pre-recession levels, and the revival of U.S. manufacturing continues, with the latest ISM numbers signaling expansion.
The portfolio adviser continues to believe that the ideal way to participate is this positive economic rebalancing is through a balanced fund composed of high quality dividend paying U.S. stocks and corporate bonds that offer a nice alternative to low government bond yields.
(December 2012)
General Description
| Fund Codes:
|
TDB2466
|
| Minimum non-RSP Investment:
|
$ 5000.00
|
| Minimum RSP Investment:
|
$ 5000.00
|
| Minimum Subsequent Investment:
|
$ 100.00
|
| Early Redemption:
|
Up to 2.00% of purchase cost if redeemed within 30 days of purchase.
|
|
MER:
|
2.02% MER as of December 31, 2012
|
| Sector Class:
|
Global Neutral Balanced
|
| Inception Date:
|
Aug. 16, 2011
|
| Assets:
|
$ 474.17 million as of Apr. 30, 2013.
|
| Minimum PPP Amount:
|
$25.00
|
|
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