Income Fund

• Overview
• Manager
• Performance
• Holdings
• Commentary

Objective

To provide a reasonably stable level of income and modest capital growth, while also preserving capital, through investing primarily in bonds, with some exposure to REITs and income trusts.

Is This Fund For You?

You have a medium to long-term investment time horizon (i.e., over 3 years) and a low to moderate tolerance for risk.  Consider this fund if you are seeking a diversified income product that will provide a combination of current income, modest capital growth and inflation protection.  The fund is designed to serve as a core income holding within a portfolio, if applicable. 

Geographic Profile

Canada-focused: the portfolio manager invests primarily in fixed income instruments and income-producing securities issued by Canadian governments and corporations.

Strategy

Unitholder Responsibilities

• This fund is designed as a core holding for the fixed income portion of your portfolio; make sure that it fits into your investment plan.
• Maintain realistic expectations.  When interest rates are hovering around 4-5%, don't expect double-digit returns.
• Understand that the manager has greater scope to enhance the fund's yield than is typical for most bond funds.  This can lead to greater short-term volatility. 
• Learn about Connor, Clark & Lunn and their investment philosophy.
• Remember that while bonds can be boring, they serve a purpose and typically have a low correlation to equities. 

Portfolio Manager

Connor, Clark & Lunn

• One of Canada’s premier independent money management firms.
• Nearly $8 billion in fixed income assets under management.