The Fund aims to deliver maximum cash flow through a balanced portfolio of high dividend-paying stocks and bonds. The Fund targets an annual distribution of 5%, paid monthly.
Once the tactical asset mix is determined, the equity portion is invested in companies paying out a significant portion of their earnings through dividends. The fixed-income portion is managed using top-down fundamental analysis to anticipate changes in interest rates and currencies.
|DATE||$ CLOSE||PREV. $ CLOSE||$ CHANGE||YTD % CHANGE|
|AS OF SEP 23, 2016||9.35||9.38||-0.03||+12.8|
|FUND||1 MO.||3 MO.||6 MO.||YTD||1 YR.||2 YR.||3 YR.||5 YR.||10 YR.||PSD^|
|Fund Prices||Payment Date||Total Dividend||Income Rate||Capital Gain||Return On Capital|
|Government of Canada 1.50% June 1, 2023||3.5%|
|Vermilion Energy Inc.||1.6%|
|Canada Housing Trust 1.85% December 15, 2016||1.5%|
|Cisco Systems Inc.||1.5%|
|Bonterra Energy Corp.||1.5%|
|Western Digital Corp.||1.5%|
|Sands China Ltd.||1.5%|
|Gibson Energy Inc.||1.4%|
|Hugo Boss AG||1.4%|
|INVESTED JANUARY 31, 2005|
|Canadian Fixed Income||23.5%|
|U.S. Fixed Income||6.9%|
|International Fixed Income||3.2%|
|Cash & Cash Equivalents||2.2%|
|Cash & Cash Equivalents||2.2%|
|Fund type:||Canadian balanced|
|Fund start date:||January 25, 2005|
|Performance start date:||January 26, 2005|
|Total net assets:||$662.8 million|
Please refer to AGF.com for distribution information.
˜MER as of March 31, 2016. 1The distribution is not guaranteed, may be adjusted from time to time at the discretion of the fund manager and may vary from payment to payment. Amount shown, if any, is the most recent distribution amount. ¤Cash is not included. Note: numbers may not add up to 100% because of rounding.
AGF Monthly High Income Fund's targeted annual distribution was reduced from 6% to 5%, paid monthly, effective January 1, 2016.
The information contained in this fund profile is designed to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of the individual. We strongly recommend you to consult with a financial advisor prior to making any investment decisions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share and/or unit value and reinvestment of all dividends and/or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund, are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base falls below zero, you will have to pay capital gains tax on the amount below zero. The performance of a Fund may have been different had events such as mergers, portfolio manager changes and investment objective changes not taken place.