Mackenzie Universal Health Sciences Capital Class
Ian Ainsworth took over the lead managerial duties of the fund, after long serving manager Wendy Chua resigned from Mackenzie in January of this year. Mr. Ainsworth, an industry veteran, has more than 30 years of investment industry experience under his belt. He has been co-manager on this fund since 2005. In addition to this fund, he is the Co-Lead of Mackenzie’s Growth Team and manages other Mackenzie funds including the Mackenzie Growth Fund and the Mackenzie Founders Fund. He will be supported on this fund by the Mackenzie Growth Team
Read MorePH&N Bond Fund
The weighting of the portfolio has remained relatively consistent over the past six months, with Government of Canada bonds now making up 7.0% of the fund, while corporates are 44%. The exposure to the higher yielding provincial bonds is just under 32% of the fund. The fund’s duration is 5.9 years, which is lower than the DEX Bond Universe duration of 6.6 years. The portfolio is very high quality, holding 89% in bonds that are rated “A” or better.
Read MoreIA Clarington Canadian Conservative Equity Fund
The Fund has been managed by George Frazer and his team at Leon Frazer & Associates Investment Counsel since 1950 using a very value focused approach. The team looks for companies with a demonstrated history of growing dividends paid to investors over time based on their belief that “dividend increases drive growth in both income and capital and offer capital protection in volatile markets.” The team also looks for a history of strong earnings, cash flows, and quality management. Valuation is also a concern as the team focuses only on the stocks that they feel are reasonably priced based on their estimate of value and the growth prospects.
Read MoreTrimark U.S. Small Companies Class Fund
The team of Rob Mikalachki and Virginia Au manage the fund based on the basic Trimark philosophy of “business people buying businesses”. The process used is very much a value focused, bottom up approach where the managers are looking for high quality, well managed stocks that are largely ignored by the rest of the investment world. They look for good management teams that are typically the number one or number two ranked companies in their industry.
Read MoreSentry Canadian Income Fund
For investors who are looking for a regular distribution and the potential for some capital gains, it doesn’t get a whole lot better than this fund. Each month, investors are paid a distribution of $0.0775 per unit, which as of May 31 works out to an annualized yield of 5.8%. In addition to the distributions, the fund has shown strong growth. In 2011, it gained 6.1%, while the S&P/TSX Composite Index lost 8.7%. It has finished in the first quartile in every year, with the exception of 2006, where its 4.4% gain landed it in the bottom quartile.
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