For those looking to play defense in the bond markets, there really isn’t a better choice than this fund. The management teams number one objective is to preserve invested capital. To do this, they actively manage the duration exposure and credit profile. To date, the results have been impressive, only experiencing a fraction of the downside movements of the Canadian bond market. One very big warning is that you are likely to be left behind in any bond rally because of the defensive positioning. But if you’re only looking to preserve your capital, this is my top pick.