Investment Objectives
The fundamental investment objective of the Fund is to provide a liquid income solution to investors primarily by investing in high-quality, active regional and global fixed income strategies and global equity income-generating strategies offered by third-party managers. Capital appreciation is a secondary objective of the strategy.
Investment Strategies
The Fund seeks to achieve the investment objectives by investing in both fixed income and equity strategies that are focused on delivering income. The Fund seeks to include strategies or sources of returns that may be unique and aims to combine them in a thoughtful manner to further enhance diversification.
Regarding fixed income: the Fund may invest in Canadian, US, European, and global fixed income strategies, including alternative fixed income and emerging market debt.
Regarding equities: the Fund may invest in third-party strategies that pay dividends, feature high levels of share buy-backs, or who derive income from other tactics (e.g., the sale of options).
Exchange-traded funds may be used to gain market and income exposure, particularly during periods of large cash movements. The Fund may also hold a portion of its assets in cash or short-term money market investments as is determined necessary. The Fund is designed to provide stable, income generation while being sufficiently diversified to mitigate risk.