PH&N Monthly Income Fund

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Scott Lysakowski

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Investment Objective

The fundamental investment objective of the Fund is to provide a relatively high monthly income that may consist of dividend income, interest income, realized capital gains and a return of capital, with the potential for modest capital growth, by investing in a well-diversified balanced portfolio of income-producing equity securities including, but not limited to, common shares of Canadian companies that pay dividends and income trusts, and fixed income securities such as preferred shares, government and corporate bonds, debentures and notes.

Fund Details

Series: A
Fund Code: RBF7660
Load Structure: No Load
Currency: CAD
Inception Date: Dec, 2009
Series A NAV $: 9.20
Series A MER %: 1.92
  • 50% S&P/TSX Capped Composite Index
  • 35% FTSE Canada Universe Bond Index
  • 10% ICE BofAML Canada High Yield Index
  • 5% S&P/TSX Preferred Share Index

  • Income Distribution: Monthly
    Capital Gains Distribution: Annually
    Sales Status: Open
    Minimum Investment $: 500
    Subsequent Investment $: 25

    Notes: This is a continuing fund resulting from a merger effective June 27, 2014.


    Performance Analysis as of  September 30, 2018

    Growth of $10,000

    Returns and Quartile Ranking
    Calendar Returns %

    Trailing Return %

    Portfolio Analysis

    Asset Mix

    Top Ten Holdings
    Top Ten Holdings % Assets
    RBC High Yield Bond Fund 5.6
    PH&N High Yield Bond Fund 4.3
    Royal Bank of Canada 4.3
    The Toronto-Dominion Bank 3.9
    Bank of Nova Scotia 3.2
    Enbridge Inc 2.7
    Canadian National Railway Co 2.6
    Brookfield Asset Management Inc Class A 2.1
    Bank of Montreal 2.0
    Canadian Natural Resources Ltd 1.6
    % Assets
    Total % of Top Ten Holdings 32.4
    Total Number of Stock Holdings 55
    Total Number of Bond Holdings 2,350
    Total Number of Other Holdings 78
    Total Number of Holdings 2,483
    Equity Style
    P/B Ratio 1.7
    P/E Ratio 14.8
    Avg. Mkt Cap. $Bil 35.4
    Global Equity Sectors
    % Equity
    Financials 42.9
    Energy 19.3
    Industrials 12.0
    Materials 6.0
    Telecommunications Services 5.7
    Utilities 3.3
    Real Estate 3.2
    Information Technology 3.1
    Consumer Discretionary 2.5
    Consumer Staples 2.0

    Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.