Fund Managers
Front Street Diversified Income Fund
**Note: this fund is a result of a merger of the former funds: Front Street Diversified Income Fund Class and Front Street Yield Opportunities Fund. Please visit their respective web pages for historical information, including performance.**
Objective: Capital growth and regular income through the selection, management and strategic trading of long and short positions in the securities of income trusts, common and preferred shares, and corporate and government debt.
| Latest 03.10.10 | Previous 03.09.10 | Change ($) | Month's End 02.26.10 | Month-to-Date | |
|---|---|---|---|---|---|
| Series A | $8.8933 | $8.8692 | +0.0241 | $8.8113 | +0.9% |
| Series B | $8.9325 | $8.9083 | +0.0242 | $8.8494 | +0.9% |
| Series F | $8.9210 | $8.8969 | +0.0241 | $8.8380 | +0.9% |
| Series X | $8.8992 | $8.8751 | +0.0241 | $8.8164 | +0.9% |
Value Added Monthly Index (VAMI) Since Inception
| 1 month | 6 months | Year-to-Date | CAGR |
1 year |
|---|---|---|---|---|
| 1.7% | 7.6% | 2.0% | 11.8% | 18.0% |
Sector Allocation
as at 12/31/09
Top Ten Holdings
as at 12/31/09; listed alphabetically
AG GROWTH INTL INC
ARCHER DANIELS MIDLA
CENTURION LP
DISCOVER FINL SVCS
FUSION
GRAOCH ASSOCIATES
ONEX CORP
PENGROWTH ENERGY
PEYTO ENERGY TRUST
RESEARCH IN MOTION
INVESTMENT HIGHLIGHTS:
• Core Canadian Balanced Income Fund
• Long/Short capabilities
• Provides 5.5% yield on initial fund price, paid quarterly
• Proven Management expertise in equity and income markets
• Tax-exempt investment “switchability”
• Daily liquidity and pricing
• RRSP Eligible
INVESTMENT “SWITCHABILITY”:
Tax-exempt investment switching with other Front Street Mutual Funds Ltd. funds, allowing for changes to sector focus, without penalty.
Investment Switch-Compatible: Front Street Resource Fund, Front Street Diversified Income Fund, Front Street Small Cap Fund, Front Street Special Opportunities Canadian Fund, and Front Street Money Market Fund.
Press Releases
Fund Codes & Trading Symbols
Class A -FSC 420 (LL)
Class B -FSC 421 (FE)
Class F -FSC 422 (NL)
Class X -FSC 423 (formerly Series A)
* Performance and NAV information provided is unaudited, and net of all fees and expenses.
- On October 31, 2008, the Front Street Yield Opportunities Fund, a class of shares of Front Street Opportunity Funds Ltd., was merged into Front Street Diversified Income Fund Class, a class of shares of Front Street Mutual Funds Limited, with the continuing fund being Front Street Diversified Income Fund, a class of shares of Front Street Mutual Funds Limited.