The principal objective of the strategy is the achievement of a high level of stable income, with an attractive total return, by investing primarily in Canadian dividend-paying equity securities, income trust units and other flow-through securities.
The strategy may invest in any income-oriented equity security, including, but not limited to, common equities, income trusts and real estate investment trusts (REITs). Income trusts structured as limited partnerships are permitted.
We primarily use a fundamental, bottom-up approach to security analysis. We seek out income trusts and higher yielding equities with stable and predictable revenue and cash flow, a diversified customer base, and focused management, and invest in the securities of those which can be obtained at a reasonable price. The strategy will maintain a Canadian equity focus. However, due to increased global integration and cross-border corporate transactions, the Fund may invest up to 10% of its market value in individual foreign equities that have either significant business operations in Canada or are listed on the TSX. The portfolio normally consists of 25 to 50 names.
Related StrategiesProspectus Series I
Prospectus Series W