Showing posts with label canadian mutual fund. Show all posts
Showing posts with label canadian mutual fund. Show all posts

February 3, 2014

10 Best Canadian Mutual Funds for 2014 & 2015

10 best Canadian mutual funds for 2014 & 2015 are RBC Premium Money Market Fund, RBC Balanced Fund, BMO Dividend Fund, etc.

Top Canadian Fund

10 Best Canadian Mutual Funds for 2014 & 2015Investing in best mutual funds is essential for long term capital growth and income. Some website may provide screen based on its past performance, some may provide list only and without any research, some may provide details about the top funds. The list includes variety of funds’ classes such as balanced fund, money market fund, bond fund, dividend fund, etc.

Whether it is for your RRSP (retirement account) or regular brokerage account, you need to do research. You need to find out the fund management style, performance, fee, yield, future potential. Also assets allocation is important for mitigating risk and maximize return or reward.

The 10 best Canadian mutual funds for 2014 & 2015 are:
  1. RBC Premium Money Market Fund
  2. TD Canadian Bond Fund
  3. RBC Balanced Fund
  4. TD Premium Money Market Fund
  5. RBC Canadian Dividend Fund
  6. CI Harbour Growth & Income Fund
  7. CIBC Monthly Income Fund
  8. BMO Dividend Fund
  9. King & Victoria RSP
  10. Mawer Global Small Cap Fund
Updated on 2/1/2014

November 6, 2011

Montrusco Bolton Quantitative Canadian Equity Fund Review

The following is the fund's review of another Canadian Equity Mutual Fund. Montrusco Bolton Quantitative Canadian Equity fund is another popular option for investor to invest in mutual fund.

Montrusco Bolton Quantitative Canadian Equity

Montrusco Bolton Quantitative Canadian Equity
The fundamental investment objective of the Quantitative Canadian Equity Fund is to achieve long-term growth of capital through the investment of its assets in a very concentrated group of stocks included in the S&P/TSX Composite Index and traded on the Toronto Stock Exchange.

The lead manager of this fund is Ismael Chiadmi. This fund was introduced to public in February 1996. It has 1.21% annual expense ratio. This fund applies higher minimum initial investment of $150.000. There is no sales load fee. The benchmark of this fund is S&P/TSX Composite Index.

The top sector exposure of this fund as of June 2011 is Energy (28.7%), Information Technology (19.4%), Health Care (19.2%) and Materials (9.6%). The top ten holdings of this fund as of March 2011 represent 97.13% of the total portfolio. They are Valeant Pharmaceuticals Intl. (11.89%), Precision Drilling (10.72%), Lundin Mining (9.83%), First Quantum Minerals (9.60%), Silver Wheaton (9.52%), Baytex Energy Corp. (9.36%), Viterra Inc. (9.23%), Trican Well Service (9.15%), Ivanhoe Mines (9.02%) and Suncor Energy (8.81%).

The risks investing in this fund include currency risk, interest rate risk, price risk, credit risk and liquidity risk.

October 27, 2011

Fidelity Concentrated Canadian Equity Private Pool-B Fund

The following fund is about Fidelity Concentrated Canadian Equity Private Pool B fund. This Fidelity fund has gaining popularity for Canadian. Additional fund's review can be found below.

Fidelity Concentrated Canadian Equity Private Pool-B

The Fidelity Concentrated Canadian Equity Private Pool-B fund objective is to provide excess return relative to the S&P/TSX Composite Index over a full market cycle. This Fidelity fund invests in a portfolio of Canadian equities. The portfolio is constructed with the goal of ensuring that active return is generated through stock selection.

The inception date of this investment fund is November 26, 2008 (Series B). Besides this series, there are other series of this Fidelity Canadian Concentrated Equity Private Pool fund, such as Series S5, Series S8, Series F, Series F5, Series F8, Series I, Series I5 and Series I8. Kindly note that there is another quite similar fund which is Fidelity Canadian Equity Private Pool that is available in the same range of series. This fund has a small yield of 0.35%. This dividend yield is paid annually. The annual expense ratio is 2.03%. The fund also has a front end sales load. The total fund assets are $28 Million. This fund is eligible for Canadian RRSP.

October 24, 2011

Top 8 Canadian Equity Mutual Funds 2011

Mutual Funds or Investment funds can be used to provide asset diversification. To diversify your portfolio, you will need to invest in best rated fund. As we know, the Canadian Equity funds have outperformed its peer, the US Equity funds.

Best Mutual Fund

The following article is about Top 10 Best Rated Canadian Equity Mutual Funds of 2011. These best rated funds include Bissett Canadian Equity Class A, RBC O'Shaughnessy All Canadian Equity, Manulife Canadian Investment Class, and more.

Top 8 Canadian Equity Mutual Funds 2011
Top Canadian Equity Mutual Funds
Top 8 Canadian Equity Mutual Funds 2011 are:
  1. Bissett Canadian Equity Class A
  2. RBC O'Shaughnessy All Canadian Equity
  3. Manulife Canadian Investment Class
  4. Mawer Canadian Equity
  5. LON Ethics (G) 100/100
  6. Manulife Sr R A Canadian Investment
  7. Exemplar Canadian Focus Port A
  8. GWL Canadian Equity (BT) 100/100
Updated on 10/5/2011

August 31, 2011

Top 10 Best Canadian Mutual Funds

Investing in Canada can be done through mutual funds. The following is Top 10 Popular Canadian Mutual Funds. These funds include: Fidelity Canadian Asset Allocation Ser B, Investors Dividend Cm RBC Canadian Dividend, TD Canadian Bond I, CI Harbour Growth & Income, RBC Monthly Income, and more. Please check back for more popular and best investment funds on my website.

Introduction

Mutual Funds have become popular in Canada for investment vehicle. In general mutual funds can be divided into three main categories: Money Market Funds, Fixed Income Funds or Bond Funds, and Equity Funds or Stock Funds. From these main categories, some of these funds may be classified into individual branches such as:
  • Aggressive Growth funds: Asia Pacific Equity, Canadian Focused Small/Mid Cap Equity, Emerging Markets Equity, Global Small/Mid Cap Equity, Greater China Equity, Japanese Equity, Commodity Equity, Real Estate Equity, US Small or Mid Cap Equity, Precious Metals Equity, etc
  • Capital Preservation funds: Canadian Money Market, Canadian Synthetic Money Market, U.S. Money Market
  • Growth funds: Canadian Equity, Canadian Focused Equity
  • Growth and Income funds: Target Date Portfolio, Canadian Dividend and Income Equity, Canadian Equity Balanced, Global Equity Balanced, Tactical Balanced, etc
  • Income funds: Canadian Fixed Income, Canadian Inflation Protected Fixed Income, Global Fixed Income, High Yield Fixed Income, etc
  • International Growth: Global Equity, European Equity, International Equity, US Equity, etc
As investors, you need to be proactive in your investing style either for asset diversification or capital appreciation. Choosing the right fund or funds may be one of the reasons. Several reasons to invest in these popular Canadian investment funds are:
  1. They provide consistent performance return such as providing regular income, capital appreciation, or total return. These funds can withstand any market conditions better than other funds such as economic crisis, bear market, bull market, etc.
  2. They are typically managed by well-known managers. The fund managers usually have managed these funds for a while.
  3. These funds have large assets. Large assets mean investors are confident in investing in these funds.
  4. They are recognized by financial magazines or websites such as Morningstar, The Globe and Mail, Lipper, etc.
Best Mutual Funds Top Canadian Mutual Funds are:
    Top 10 Best Canadian Mutual Funds
  1. RBC Premium Money Market Fund
  2. TD Canadian Bond Fund
  3. RBC Balanced Fund
  4. TD Premium Money Market Fund
  5. RBC Canadian Dividend Fund
  6. CI Harbour Growth & Income Fund
  7. CIBC Monthly Income fund
  8. BMO Dividend fund
  9. King & Victoria RSP
  10. Mawer Global Small Cap fund
updated on 3/31/2015

Top 10 Popular Canadian Mutual Funds 2011 & 2012 are:
  1. Fidelity Canadian Asset Allocation Series B
  2. Investors Dividend C
  3. RBC Canadian Dividend
  4. TD Canadian Bond - I
  5. CI Harbour Growth & Income
  6. RBC Monthly Income
  7. RBC Balanced
  8. RBC Select Conservative Portfolio
  9. RBC Bond
  10. CIBC Monthly Income
NoNameTickerRatingYieldExpense RatioLoadNet Assets (mil)Min to Invest
1Fidelity Canadian Asset Alloc Sr BF0CAN05TEZ41.09%2.24%Front$13,400 500 $
2Investors Dividend CF0CAN05M3833.65%2.89%Multiple$13,400 0 $
3RBC Canadian DividendF0CAN05O7X41.27%1.74%None$13,000 500 $
4TD Canadian Bond - IF0CAN05MPD43.41%1.08%None$9,800 0 $
5CI Harbour Growth & IncomeF0CAN05LZ930.00%2.40%Multiple$8,900 500 $
6RBC Monthly IncomeF0CAN05M9053.98%1.17%None$7,900 500 $
7RBC BalancedF0CAN05LU520.00%2.30%None$7,700 500 $
8RBC Select Conservative PortfolioF0CAN05LUB41.26%0.00%None$7,600 500 $
9RBC BondF0CAN05LU933.06%1.18%None$7,200 500 $
10CIBC Monthly IncomeF0CAN05LVX35.45%1.45%None$7,000 500 $

1. Fidelity Canadian Asset Allocation Fund Series B (F0CAN05TEZ.TO)

As the most popular investment fund, this Fidelity Canadian Asset Allocation fund's objective is to achieve high total investment return. This balanced fund uses an asset allocation approach. It invests mainly in a mix of Canadian equity securities or stocks, fixed income securities or bonds, and money market instruments. It may also invest in foreign securities to take advantage of market opportunities.

Fund Details
    Fidelity Canadian Asset Allocation Fund Series B
  • Fund Inception Date: December 30, 1994
  • Beta (3yr): 1.08
  • Rank in category (YTD): 56
  • Category: Canadian Equity Balanced
  • Distribution Rate: 1.09%
  • Net Assets: $ 14.08 billion
  • Sales Load: 0%
  • Expense Ratio: 2.24%
  • Capital Gains: N/A
  • Number of Years Up: 13 years
  • Number of Years Down: 3 years
This Fidelity Canadian Asset Allocation Series Fund manager is Robert Swanson since April 2006. This fund has 2.24% of annual expense ratio. There is no 12b1 fee or front-end sales load fee for this fund. The total net asset of this fund is $13.4 billion. It currently has 1.09% dividend yield.

Morningstar has rated this Canadian investment fund with 4-stars rating. This top fund has -3.93% YTD return. Since its inception, this fund has recorded 13 years of positive return. The best achievement occurred in year 2009 with 24.81%. It also has 3 years of negative return and the worst performance occurred in year 2008 with -19.26%. The performance of this mutual fund based on the load adjusted returns is 11.87% over the past year and 5.99% over the past ten years.

Should you are interested to invest in this Canadian fund; you will need 500 CAD for either regular brokerage or IRA account. Investor will need 50 CAD minimum for subsequent investment. The other series of this Fidelity Canadian Asset Allocation Series Fund are Series A, Series T5, Series T8, Series S5, Series S8, Series F and Series O. Please take note that there is other quite similar fund in Fidelity, which is Fidelity Canadian Asset Allocation Class.

The top ten investments of this fund as of May 2011 are Cash & Cash Equivalents, Toronto-Dominion Bank, Suncor Energy, Potash Corp of Saskatchewan, Canada Housing Trust No.1, Cenovus Energy, Bank of Nova Scotia, Goldcorp, Canadian Imperial Bank of Commerce and Enbridge. There are total 701 investments and these top ten investments make up 29.8% of the total fund.

Principal Risks of this fidelity fund include Credit risk, Equity risk, Interest rate risk, etc. More details can be found from the fund's prospectus and website.

2. Investors Dividend C (F0CAN05M38.TO)

Investors Dividend C FundThe Investors Dividend fund seeks to provide above-average income yield on its investments, protect the value of its investments, and achieve long-term capital appreciation consistent with the fulfillment of the first two objectives.

This Investors Group mutual fund has been introduced to public since March 1962. The current lead fund manager is Dom Grestoni. He has been managing this fund since April 2003. This fund is categorized in Canadian Equity Balanced category. It also has a yield of 3.65% per year and the annual expense ratio is 2.89%. This fund has 21.29% annual holdings turnover rate. The current total net assets are $13.40 billion.
Dividend Funds

Since its inception, this equity fund has recorded 37 years of positive return and 11 years of negative return. The best 1-year total return was achieved in year 2009 with 25.76% and the worst performance was occurred in year 2008 with -22.50%. This fund has returned 13.23% over the past year and 5.27% over the past ten years. The Morningstar has given this Investors Dividend fund with 3-stars rating. The YTD return of this fund is -2.18%. The other classes of this fund are Class A and Class B. The Dividend-A class has 2.69% of expense ratio.

The top holdings of this fund as of May 2011 are Royal Bank of Canada, Bank of Nova Scotia, Trans Canada Corp, Bank of Montreal, CI Financial, Manulife Financial, Husky Energy, Power Financial Corp, TELUS Corp and Grest-West Lifeco. The top sector weightings as of May 2011 are Financials (51.50%), Energy (18.78%), Other (11.99%), Telecommunication Services (9.30%), Utilities (4.93%), Consumer Discretionary (2.21%) and Consumer Staples (1.29%).

3. RBC Canadian Dividend (F0CAN05O7X.TO)

RBC Canadian Dividend FundAs one of the big mutual fund firm, RBC offers several popular mutual funds. RBC Canadian Dividend fund is one of this investment fund. RBC Canadian Dividend fund seeks 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. This RBC fund invests mostly in common and preferred shares of major Canadian companies with above average dividend yields.

This RBC Canadian Dividend fund is categorized in the Canadian Dividend and Income Equity category. As mentioned, this fund is managed under the management of RBC Global Asset Management Inc. The inception date of this fund is January 1993. Stuart Kedwell has managed this fund since April 2007. Currently, the fund's dividend yield is 1.27% per year. The expense ratio rate of this fund is 1.74%.

This fund has 4-stars Morningstar rating. It has returned 18.02% over the past year, 2.75% over the past three years and 8.32% over the past ten years. This fund has recorded 14 years of positive return and 3 years of negative return. The best achievement was achieved in year 1997 with 35.38%.  It currently has -2.90% YTD return. The three years beta of this fund is 0.78. The benchmark of this fund is S&P/ TSX Composite.

To start investing in this RBC fund, you will need a minimum of 500 CAD for either regular brokerage or IRA account. The minimum subsequent investment for both accounts is 25 CAD. There are many other classes or series available for this fund, such as:
  • Series Advisor with Front End Load (Code: RBF759)
  • Series Advisor with Low Load (Code: RBF107)
  • Series F with No Load (Code: RBF607)
  • Series I with No Load (Code: RBF150)
  • Series T with No Load (Code: RBF598)
The asset mix of this fund as of June 2011 is 92.0% in Canadian Equity, 4.0% in Cash, 2.4% in Fixed Income, 1.1% in US Equity and 0.5% in Other. The top ten holdings are The Toronto-Dominion Bank (6.9%), Royal Bank of Canada (6.9%), Bank of Nova Scotia (5.2%), Canadian Imperial Bank of Commerce (3.7%), Bank of Montreal (3.6%), Suncor Energy Inc (3.3%), Enbridge Inc (3.1%), Power Corporation of Canada Sub Vtg (2.9%), Brookfield Asset Management Inc A (2.9%) and Manulife Financial Corporation (2.7%). This total holdings of this fund are 104, consists of 77 stock holdings, 11 in bond holdings and 16 in other holdings.

4. TD Canadian Bond - Investor Series (F0CAN05MPD.TO)

Listed as the forth popular fund, this TD Canadian Bond fund invests primarily in high quality bonds and other debt issued by Canadian governments and companies. Up to 30% of the fund may be invested in foreign securities.

Top Bond Fund

TD Canadian Bond fund detailsThis TD Canadian bond fund was created and introduced to public in June 29, 1988. This fixed income fund is managed by TD Asset Management Inc. This fund provides dividend yield of 3.41%. This dividend is distributed quarterly. There is 1.08% Management Expense ratio if you are investing in this Toronto Dominion fund. This fund is classified as Canadian Fixed Income investment fund. As of July 2011, this fund has total assets of C$ 9.84 billion.

The minimum amount to invest in this fund either in non-RSP investment or RSP investment is $100. The minimum subsequent investment applies for both investments ($100).

Morningstar has ranked this fund with 4-stars return rating. It has 5.82% YTD return. This best fund has returned 6.79% over the past year and 6.22% over the past ten years. For YTD, this fund is on the 9% rank in the Canadian Fixed Income Category. The benchmark of this fund is BofA Canada Board Market TR CAD.

The top investments of this fund as of June 2011 are Province of Ontario Residual, Government of Canada, The Toronto-Dominion Bank, Government of Canada, Cash & Other Net Assets, Manulife Financial Capital Trust and Alberta Capital Finance Authority. The top ten investments out of total 212 investments represent 19.3% of total fund value. The investment assets as of June 2011 are allocated as follow Corporate Bonds (59.7%), Federal Bonds & Guarantees (15.4%), Provincial Bonds & Guarantees (13.4%), Mortgage-Backed Securities (5.5%), Supranationals (3.2%), Cash & Other Net Asses (1.7%), and Municipal Bonds (1.1%).

5. CI Harbour Growth & Income (F0CAN05LZ9.TO)

CI Harbour Growth & Income FundThis CI Harbour Growth & Income fund's objective is to obtain long-term total return through a prudent balance of income and capital appreciation. It invests primarily in equity and equity-related securities of mid- to large-capitalization Canadian companies and fixed income securities issued by Canadian governments and companies. The proportion of the fund's assets invested in equity and fixed income securities may vary according to market conditions. Any change to the investment objective must be approved by a majority of votes cast at a meeting of unit holders held for that reason.

As part of CI Financial Group advisor, Gerald Coleman has been managing this CI fund since its inception in June 1997. This fund is in the category of Tactical Balanced fund. This fund doesn't share any dividend yield and the annual expense ratio is 2.40%. The total net asset of this fund is $8.9 billion.

This equity fund has performed in the past 13 years with 11 years of positive return & 2 years of negative return. This fund's best 1-year total return was achieved in year 2009 with 21.20%. Based on the load adjusted return, this fund has returned 13.9% over the past year and 3.0% over the past five years. Besides Class A, this fund is also available in Class F and Class I.

As of July 2011, the top ten holdings of this fund represent 35.36% of the total portfolio. They are Suncor Energy, Tim Hortons, BHP Billiton Limited, Canadian National Railway, Intact Financial, Potash Corp. of Saskatchewan, TD Bank, Bank of Nova Scotia, Manulife Financial, and JP Morgan Chase & Co. The asset allocation of this fund is Canadian Equity (49.3%), Cash (18.7%), United States Equity (16.6%), International Equity (10.3%) and Bond (5.1%).

6. RBC Monthly Income (F0CAN05M90.TO)

RBC Monthly Income Fund As the second RBC mutual fund in this popular fund list, the RBC Monthly Income fund seeks to provide relatively tax efficient monthly distributions consisting of dividend income, interest income and capital gains, and the potential for modest capital growth. The fund will try to provide a high regular monthly income.

Money Market Fund This RBC fund has been managed by Jennifer McClelland since April 2007. She is the Vice President and Senior Portfolio Manager of Canadian Equities. The fund's inception date was on August 18, 1997. This fund shares 3.98% dividend yield per year. The income distribution is on monthly basis. The capital gain is distributed annually. The annual expense ratio rate is 1.17%. This fund has annual holdings turnover rate of 38.8%. The total net asset is $7.9 billion.

Morningstar gave this RBC Monthly Income fund with 5 stars rating. Since its inception, this RBC investment fund has 11 years of positive return and only 2 years of negative return. The best achievement of 1-year total return was achieved in 2000 with 19.77%. Based on the load adjusted return, this fund has returned 7.68% over the past ten years, and 4.22% over the past three years.

This fund is Series A with no Load. Investor may choose from the other series of this fund, such as Series Advisor with Front End load (Code: RBF763), Series Advisor with Low Load (Code: RBF115) and Series F with No Load (Code: RBF602).

The top 5 sectors of this fund as of June 2011 are Financials (41.8%), Energy (22.0%), Materials (12.5%), Consumer Discretionary (5.1%) and Industrials (5.0%). The top 25 holdings of this fund represent 37.0% of the total portfolio. This RBC fund has a total of 315 holdings as of June 2011 that consists of 101 stock holdings, 204 bond holdings and 10 other holdings.

7. RBC Balanced (F0CAN05LU5.TO)

RBC Balanced fund characteristicsThe RBC Balanced fund objective is to provide a combination of capital growth and modest income. This RBC fund invest majority of assets in a balance of Canadian equities or stocks, bonds (fixed incomes), and short-term debt securities.

This RBC fund was introduced to public in September 1987. The annual expense ratio of this fund is 2.30%. To start investing in this fund, you will need a minimum investment of $500 with the subsequent investment of $25.

This popular mutual fund has returned 5.84% over the past year and 3.86% over the past ten years. It has -3.45% YTD return. While popular, it only receives 2-stars rating from Morningstar. The other series of this fund are Advisor Series (with choice of Differed Sales Load or Front End Load or Low Load), F Series with No Load and T Series with No Load.

As of June 2011, the asset mix of this RBC Balanced fund is Canadian Equity (37.2%), Fixed Income (34.5%), US Equity (12.5%), International Equity (10.9%) and Cash (5.0%). The top holdings of this fund are RBC Emerging Market, Canada Government, The Toronto-Dominion Bank, Royal Bank of Canada, Suncor Energy Inc, Bank of Nova Scotia, Quebec Prov and Potash Corporation of Saskatchewan Inc.

8. RBC Select Conservative Portfolio (Ticker: F0CAN05LUB.TO)

The RBC Select Conservative Portfolio fund is seeking to offer income and the potential for moderate capital growth. This RBC Select Conservative Portfolio fund invests mostly in other RBC Funds, emphasizing mutual funds that invest in Canadian fixed income securities. These RBC fund typically have the potential to generate income. As part of fund of funds, the fund's portfolio maintains a balance of investments across several asset classes for diversification.

RBC Select Conservative PortfolioAs part of RBC Global Asset Management, this RBC Select Conservative Portfolio fund was established on December 1986. The current lead manager is Sarah Riopelle. She has been with this fund since June 2009. This fund is in the category of Global Neutral Balanced fund. It shares 1.26% of dividend yield that is distributed quarterly. If any capital gains exist, it is distributed annually.

This balanced fund is currently open to new investors with the minimum investment of $500 for either regular brokerage account or retirement (IRA) account. There is a compulsory of $25 subsequent investment. Investor may choose the other series of this fund. For the no load fund, there is Series F (Code: RBF657) available. For the Advisor Series, there are three options: Advisor Series with Deferred Sales Load, Advisor Series with Front End Load and Advisor Series with Low Load.

Morningstar has given 4 stars rating to this fund. It also has achieved 21 years of positive return and 3 years of negative return. The best achievement was in year 1996 with 13.60%. This fund has returned 3.89% over the past decade and 2.30% over the past five years. Currently it has -0.83% YTD return.

This RBC Select Conservative Portfolio fund has a total of 1,590 underlying holdings (729 bond holdings, 692 stock holdings, 169 other holdings, and 12 portfolio holdings). The asset mix of this fund as of June 2011 is Fixed Income (50.9%), Canadian Equity (16.3%), US Equity (12.2%), International Equity (11.2%) and Cash (9.3%). The top 5 sectors are Financials, Energy, Materials, Industrials and Consumer Discretionary.

9. RBC Bond Fund (F0CAN05LU9.TO)

As the fifth popular RBC fund in this list, RBC Bond fund seeks to achieve above average, long-term total returns consisting of interest income and moderate capital growth. This RBC fund invests primarily in high-quality bonds or fixed incomes issued by Canadian governments and corporations.

Canadian Bond Fund

This RBC Bond Fund is categorized as one of the investment fund in Canadian Fixed Income Fund. This bond fund was introduced to public in July 1966. This fund has an annual expense ratio rate of 1.18% and it also has an annual holdings turnover rate of 45%. This fund has 3.06% dividend yield and this dividend is paid quarterly. The total net assets of this fund are $7.2 billion. The fund uses DEX Universe Bond Index as its benchmark.

Morningstar has rated this fund with 3-stars return rating. It has 5.03% YTD return, which is the highest among all the other funds mentioned in this article. The performance of this fund is as below:
  • 1-year: 6.40%
  • 3-year: 6.49%
  • 5-year: 5.41%
  • 10-year: 5.04%
The average maturity of this RBC fund is 8.8 years and the average duration is 6.4 years. The total complete series of this fund are:
  • Series A with no Load (Code: RBF270)
  • Series Advisor with Deferred Sales Load (Code: RBF850)
  • Series Advisor with Front End Load (Code: RBF750)
  • Series Advisor with Low Load (Code: RBF114)
  • Series F with no Load (Code: RBF601) and
  • Series I with no Load (Code: RBF154)
The asset mix of this fund as of June 2011 is Fixed Income (97.1%) and Cash (2.9%). The fixed income breakdown is Corporate Bonds (51.7%), Government Bond (43.7%), ST Investments (2.9%), Other Bonds (1.4%), Asset Backed Securities (0.2%) and Mortgage Backed Securities (0.1%). The top 25 holdings out of 448 total holdings of this fund represent 29.5% of the total portfolio.

10. CIBC Monthly Income (F0CAN05LVX)

CIBC Monthly Income fundCIBC Monthly Income fund's objective is to provide a reasonably consistent level of monthly income while attempting to preserve capital. This CIBC fund invests most of the fund assets  in a diversified portfolio of debt and equity instruments.

Fund Details
  • Fund Inception Date: September 22, 1998
  • Rank in category (YTD): 56
  • Category: Canadian Neutral Balanced
  • Distribution Rate: 5.45%
  • Net Assets: $ 7.0 billion
  • Sales Load: 0%
  • Expense Ratio: 1.45%
  • Capital Gains:  N/A
David Graham has been managing this fund since December 2007. This CIBC Monthly Income fund was introduced to public in September 1998. It shares 5.45% dividend yield per year. This yield figure is the highest among the other funds in this article. The expense ratio rate is 1.45% per year. As of July 2011, the fund has total net assets of $7.0 billion.

Morningstar has given 3-stars return rating to this fund. It has -2.64% YTD return. The fund has returned 6.88% over the past ten years, 2.07% over the past five years, 1.85% over the past three years and 6.48% over the past year. If you are interested to invest in this fund, you will need a minimum initial investment of $500 with $25 minimum subsequent investment. The code of this fund is CIB512.

The top ten holdings of this fund as of July 2011 are Cash & Cash Equivalents, Canada Housing Trust No.1, 2.75%, 2016/06/15, Royal Bank of Canada, Toronto-Dominion Bank (The), Canadian Imperial Bank of Commerce, Suncor Energy Inc., BCE Inc., Barrick Gold Corp., Manulife Financial Corp. and Agrium Inc.

Disclosure: No Position

Additional Information: Fund Performance: Long Term and Short Term

The Importance of Diversification in Investing

Diversification is a key principle in investing, and it's especially important in today's uncertain economic climate. By spreading y...