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Exchange-Traded Funds
Closed-End Funds
Commodity Funds
Institutional Funds
The Canadian Financial Monthly Income ETF's investment objectives are to maximize total return to its Unitholders, consisting of distributions and capital appreciation, and to provide its Unitholders with a stable stream of monthly cash distribution of $0.04 per Unit. FIE’s net assets, together with borrowings under its loan facility, are invested in a diversified and actively managed investment portfolio consisting primarily of common shares, preferred shares, corporate bonds and income trust units of issuers in the Canadian financial sector (the "FIE Portfolio").
The Manager believes that the Canadian financial sector provides attractive dividend and income yields, strong and stable credits and a history of capital appreciation and dividend growth. Up to 25% of the assets of the FIE Portfolio may be invested in securities of other Canadian issuers. The composition of the FIE Portfolio will vary over time depending on MFC Global’s assessment of overall market conditions and outlook.
as of 9/2/10
Figures are based on market close.
as of
The data is subject to change on a daily basis.
An investment in the Units will be subject to certain risk factors, including: (i) there can be no assurance that the Fund will be able to achieve its distribution or total return objectives; (ii) the NAV per Unit and the funds available for distribution will vary according to, among other things, the value of the securities in the Portfolio and the distributions paid thereon; (iii) the risk of inefficient asset allocation in the Portfolio; (iv) the financial performance of the Portfolio and market and economic conditions affecting the equity, fixed income and income trust markets; (v) risks relating to investments in equity securities; (vi) risks relating to fixed income investments; (vii) the fact that income trusts depend on the financial performance of the related operating entity and may also be subject to general risks associated with various economic factors, that investments in real estate investment trusts are subject to general risks associated with real property investments and that investments in oil and gas royalty trusts are subject to risks associated with fluctuations in commodity prices; (viii) reliance on the Manager, the Investment Advisor and key portfolio managers; (ix) risks relating to the use of leverage; (x)sensitivity to interest rates; (xi) the possibility that the Fund will be unable to acquire or dispose of illiquid securities;(xii) risks relating to the use of derivative instruments; (xiii) counterparty risks associated with securities lending; (xiv) the Units may trade in the market at a premium or a discount to the NAV per Unit and there can be no guarantee that Units will trade at prices that reflect their net asset value; (xv) as the fund is not a mutual fund as defined under Canadian securities laws, the Fund is not subject to the policies and regulations of the Canadian securities regulators that apply to open-end mutual funds; (xvi) potential conflicts of interest; (xvii) changes in legislation; (xviii) tax proposals and administrative positions of the Canada Revenue Agency regarding deductibility of interest; (xix) the Fund’s lack of operating history and the current absence of a public trading market for the Units; (xx) the fact that the Fund is not a trust company and the Units are not insured deposits; and (xxi) the fact that Units are neither fixed-income nor equity securities, and Unitholders will not have certain rights associated with investments in such securities.