Investment objective

To achieve long-term total returns consisting of regular dividend income, which benefits from the preferential tax treatment given to dividend income, and modest long-term capital growth. The fund invests primarily in common and preferred shares of major Canadian companies with above average dividend yields.

  • Fund Category Canadian Equity Funds
  • Inception Date Aug 13, 2001
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Fund details

Series
Currency
Fund code
MER * (%)
F CAD 35047 0.77%

Portfolio analysis As of Feb 28, 2026

96% 4%
Equity Fixed Income

Asset mix

Equity Sector Allocation
Financials45.5%
Energy17.3%
Industrials10.9%
Materials9.4%
Consumer Staples5.2%
Utilities5.0%
Communication Services2.5%
Real Estate2.1%
Consumer Discretionary1.5%
Health Care0.3%
Information Technology0.2%
Top 10 Holdings
% Assets
Royal Bank of Canada 9.2%
Toronto-Dominion Bank 7.0%
Brookfield Corp 4.2%
Bank of Montreal 4.1%
Enbridge Inc 4.0%
Canadian Imperial Bank of Commerce 3.8%
Canadian Pacific Kansas City Ltd 3.4%
Bank of Nova Scotia 2.9%
Manulife Financial Corp 2.9%
TC Energy Corp 2.7%
Total % of Top 10 Holdings 44.2%

Geographic allocation

Region

Performance analysis

Growth of $10,000 since inception

Calendar returns

Trailing return

1 Mth 3 Mth 6 Mth 1 year 3 years 5 years 10 years Since Inception
6.2 8.1 16.3 27.9 17.5 15.8 12.1 9.7 Fund

Distribution ($)/unit

YTD* 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Total distributions 0.80 3.00 2.98 3.55 2.82 2.06 2.17 2.24 1.63 1.41 1.52
Interest --- 0.02 0.02 0.03 0.00 0.01 0.00 --- 0.00 --- ---
Canadian dividends --- 2.98 2.96 2.96 2.67 2.05 2.17 2.24 1.63 1.41 1.52
Foreign dividends --- --- --- --- --- --- --- --- --- --- ---
Foreign taxes paid --- --- --- --- --- --- --- --- --- --- ---
Capital gains --- --- --- 0.56 0.14 --- --- --- --- --- ---
Return of capital --- --- --- --- --- --- --- --- --- --- ---

* MER (%) is based on actual expenses for the preceding calendar year or most recent half-year period ended June 30 expressed on an annualized basis, depending on availability of date at the time of publication.