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 Mar 31, 2025

96% 4%
Equity Fixed Income

Asset mix

Equity Sector Allocation
Financials44.4%
Energy17.5%
Industrials13.9%
Utilities5.7%
Consumer Staples5.4%
Materials5.1%
Communication Services3.3%
Real Estate2.3%
Consumer Discretionary1.6%
Health Care0.5%
Information Technology0.2%
Top 10 Holdings
% Assets
Royal Bank of Canada 8.4%
Toronto-Dominion Bank 6.6%
Enbridge Inc 4.5%
Brookfield Corp 4.4%
Canadian Pacific Kansas City Ltd 3.8%
Bank of Montreal 3.8%
Manulife Financial Corp 3.4%
Canadian Natural Resources Ltd 3.2%
Canadian Imperial Bank of Commerce 3.1%
Power Corp of Canada 3.1%
Total % of Top 10 Holdings 44.3%

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
-0.1 -1.4 2.9 15.8 7.6 14.2 8.1 8.8 Fund

Distribution ($)/unit

YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total distributions 0.74 2.98 3.55 2.82 2.06 2.17 2.24 1.63 1.41 1.52 1.22
Interest --- 0.02 0.03 0.00 0.01 0.00 --- 0.00 --- --- ---
Canadian dividends --- 2.96 2.96 2.67 2.05 2.17 2.24 1.63 1.41 1.52 1.22
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.