The PH&N bond fund is a fixed income fund whose fundamental investment objectives are to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of fixed income securities issued by Canadian governments and corporations. This fund is suitable for investors with a low tolerance for risk.
According to the PH&N website, annualized compound rates of return As of September 30 2009, are as follows:
1 year 13.6%
3 years 5.3%
4 years 5%
5 years 5.7%
10 years 6.5%
As of September 30, 2009 the top ten holdings were:
Prov. of Ontario Return: 7.60% Matures: Jun 02/27 (Total % of fund 12.2%)
Prov. of Ontario Return: 4.30% Matures: Mar 08/17 (Total % of fund 4.7%)
Canada Housing Trust Return: 3.15% Matures: Jul 15/14 (Total % of fund 3.4%)
The Toronto-Dominion Bank Return: 5.38% Matures: Nov 01/12/17 (Total % of fund 3.3%)
Morgan Stanley Group Inc. Return: 4.50% Matures: Feb 23/12 (Total % of fund 2.6%)
Prov. of Ontario Return: 4.40% Matures: Jun 02/19 (Total % of fund 2.5%)
Canada Housing Trust Return: 4.10% Matures: Dec 15/18 (Total % of fund 2.3%)
The Bear Stearns Companies Inc. Return: 4.35% Matures Jul 20/12 (Total % of fund 2.1%)
Wells Fargo Financial Canada Corp Return: 5.20% Matures: Sep 13/12 (Total % of fund 2.0%)
Canadian Imperial Bank of Commerce Return: 5.00% Matures: Sep 10/12 (Total % of fund 2.0%)
The fund pays interest dividends quarterly and capital gains (if any) yearly.
For more information on this fund visit PH&N
Stay on track,
The Hoss
Next Hoss Cents Free Financial Money Magazine Post: Oct.18, 2009
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very informative post. Thanks for sharing by the way :)
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