Overview
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Asset ClassEquity
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CIFSC CategoryCanadian Dividend & Income Equity
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Risk RatingMedium to High
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Number of Securities21
Objectives
The Fund’s investment objective is to earn income and to achieve long term capital growth through a diversified portfolio composed primarily of equity securities; however, other equity-like income- producing securities, debt and money market securities may be used to achieve its objective.
Investment Focus
A Canadian equity fund with a concentrated portfolio that focuses on income producing securities.
Fund Facts
December 31, 2022Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $13.1 Million |
NAVPU | $11.04 |
Management Fee | 0.80% |
MER as of June 30, 2022 (unaudited) | 1.20% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics
Dividend Yield | 2.6% |
Portfolio Characteristics
Number of Securities | 21 |
Dividend Yield (%) | 3.3% |
Portfolio
Top 10 Holdings
Security | % of Fund |
---|---|
Canadian Dollar | 27.0% |
B 0 11/02/23 Govt | 8.0% |
Royal Bank of Canada coupon 3.296 maturing 09/26/23 | 7.6% |
Bank Of Nova Scotia 2.38% May 1, 2023 | 7.6% |
TD 2.85% Mar 8, 2024 | 7.5% |
Eli Lilly & Co | 5.3% |
SPX US 03/17/23 P4000 Index | 4.5% |
Bristol Myers | 4.5% |
Merck & Co. | 4.4% |
Pfizer Inc. | 3.7% |
Total | 80.1% |
Geographic Breakdown
Canada | 70.4% |
USA | 29.6% |
Performance
Inception Date
December 30, 2014
As of Date
December 31, 2022
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
-0.2% | 9.7% | 27.6% | 27.6% | 7.0% | -0.4% | 3.0% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Quarterly |
Most Recent Distribution per Unit | $0.0527 |
12-Month Trailing Distribution Yield | 1.6% |
Next Record Date | March 30, 2023 |
Next Distribution Date | March 31, 2023 |
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 24, 2022 | March 25, 2022 |
June 23, 2022 | June 24, 2022 |
September 29, 2022 | September 30, 2022 |
December 29, 2022 | December 30, 2022 |
Distributions ($)/Unit3 | YTD* | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|
Total Distributions | 0.1812 | 0.1650 | 0.2086 | 0.2595 | 0.3861 | 1.0422 | 0.5421 | 0.3717 |
Interest | - | - | - | - | - | - | - | - |
Dividends | - | 0.1650 | 0.2086 | 0.2595 | 0.3861 | 0.4906 | 0.5421 | 0.3717 |
Capital Gains | - | - | - | - | - | 0.5516 | - | - |
Withholding Tax | - | - | - | - | - | - | - | - |