The Fund is a unit-paying balanced UITF that aims to maximize total return by investing all or substantially all of its assets in a collective investment scheme (CIS), the Target Fund, that aims to provide income generation with potential long term capital appreciation. The Target Fund invests at least 70% of its net assets in preferred securities listed or traded on any regulated market in the world, which include preferred stocks and subordinated debt securities. The Target Fund may invest its remaining assets in other debt securities and cash and cash equivalent.
Why this Fund?
Income payout and long-term growth
The Fund provides the potential for regular income distribution and long-term capital growth.
Preferred securities can offer compelling yields relative to other income-producing securities.
High quality securities
Access to a portfolio of high quality securities with above average yields can generate high income and protection of capital.
Preferred securities have historically exhibited low correlations relative to other popular asset classes, providing diversification benefit in different market environments.
View Target Fund Prospectus
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This UITF is structured as a feeder fund that invests in an institutional share class of the Target Fund. As such, the UITF client does not incur additional fees at the level of the Target Fund.