Description

The fund seeks a high current income and preservation of capital by investing primarily in Canadian fixed-income securities including Canadian federal and provincial government bonds, corporate bonds, debentures and short-term notes. The fund may also invest in securities backed by mortgages or other financial assets, and dividend-paying shares of Canadian companies. The fund may invest in foreign fixed-income securities. The average weighted term-to-maturity of the fund’s investments is five years or less.