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Fund Profile
| Net Assets ($MM) (Jul 31, 2010) |
$22.59 |
| Price (NAV) (Sep 03, 2010) |
$6.2300 |
| YTD Return (Jul 31, 2010) |
3.98 % |
| 12 Month Low/High |
$5.66
/
$6.33
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| Management Expense Ratio (MER) |
1.68% |
| Eligibility |
RRSP/RESP/RIF |
| Date Started |
Jul 05, 2005 |
| ISC |
GGF626 |
| DSC |
GGF114 |
| Low Load |
GGF948 |
| F Class |
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| Minimum Initial Investment |
$500 |
| Minimum Additional Investments |
$50 |
| Continuous Savings Plan (CSP) Amount |
$50 |
| Note |
Also available in Mutual US$, F Class, F Class US$, I Class |
Related Links / Downloads
Financial Reports and Other Important Information
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Investment Objectives
The Fund’s goal is to generate a high level of interest income that will fluctuate in line with short-term interest rates with a duration of less than 365 days by investing primarily in high yield bonds and debentures issued by Canadian governments and corporations, U.S. dollar Canadian corporate bonds, U.S. corporate bonds, U.S. and Canadian debentures, convertible debentures and income trusts.
How This Fund Works
This Fund invests in high yielding Canadian and U.S. floating rate bonds to generate monthly interest income that will fluctuate with changes in short-term interest rates. One way the manager controls risk is by ensuring that a minimum of 50% of the portfolio is invested in higher credit quality bonds.
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