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Mackenzie Sentinel Diversified Income Fund
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Mackenzie Investments announced the immediate availability of Mackenzie Sentinel Diversified Income Fund, a Fund of Funds investment solution. Planning to offer a monthly distribution equal to 5 per cent per year based on the NAV per unit of each series at December 31, the Fund seeks to provide investors with both regular income and long-term capital growth potential through a diversified income portfolio.
The new Sentinel Diversified Income Fund will primarily hold Canadian and U.S. dividend paying equities, Canadian income trusts, high yielding corporate bonds and other fixed income securities. The Fund will initially invest in these five underlying mutual funds:
- Mackenzie Universal U.S. Dividend Income Fund, managed by David Ginther, Waddell & Reed Investment Management Company.
- Mackenzie Maxxum Dividend Growth Fund, managed by Bill Procter, Mackenzie Financial
- Mackenzie Sentinel Corporate Bond Fund, managed by Dan Bastasic, Mackenzie Financial
- Mackenzie Sentinel Income Trust Fund, managed by Dan Bastasic, Mackenzie Financial
- Keystone Elliott & Page High Income Fund, managed by Alan Wicks, MFC Global Investment Management.
Mackenzie Sentinel Diversified Income Fund seeks to pay a monthly distribution based on 5 per cent of the NAV per each unit on December 31, 2006. The distribution will be comprised of dividends, income, capital gains and a return of capital, and will be paid on all classes of units. Available in front-end, back-end and low-load purchase options, this Fund is suitable for investors with a low to moderate tolerance for risk who seek a steady flow of income and long-term capital growth.
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econmod
Broker
Oct 23, 2006, 6:39 PM
Post #1 of 1
(514 views)
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