Fund Managers
Front Street Diversified Income Fund Watch Video
Front Street Diversified Income Fund has a five star rating from both Morningstar and Globefund, and is rated Fundgrade A by Fundata.
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.
To view the latest webcast update (June 2011), click here.
**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.**
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Target Investor
Asset Class
Assets Under Management (AUM)
Inception Date
Minimum Initial Investment
Investment Sector
| Latest 02.06.12 | Previous 02.03.12 | Change ($) | Month's End 01.31.12 | Month-to-Date | |
|---|---|---|---|---|---|
| Series A | $8.1805 | $8.1816 | -0.0011 | $8.1474 | +0.4% |
| Series B | $8.2418 | $8.2429 | -0.0011 | $8.2085 | +0.4% |
| Series F | $8.3511 | $8.3515 | -0.0004 | $8.3160 | +0.4% |
| Series X | $8.2140 | $8.2149 | -0.0009 | $8.1805 | +0.4% |
Value Added Monthly Index (VAMI) Since Inception
| 1 month | 6 months | Year-to-Date | CAGR |
1 year |
|---|---|---|---|---|
| 2.3% | -1.7% | 2.3% | 6.5% | -2.4% |
Sector Allocation
as at 09/30/11
Top Ten Holdings
as at 09/30/11; listed alphabetically
CISCO SYSTEMS INC -COMMON
ELECTROVAYA INC -Prm Note 6% 12/31/13
FLINT ENERGY SRV LT -7.500 JUN 15 19
FORD CREDIT CDA -4.875 MAR 17 14
GLACIER CREDIT CARD TRST -5.027 FEB 20 13
ISHARES INC -MSCI JAPAN
MICROSOFT CORP -COMMON
PROSHARES TRUST -SHORT 20+YR TREASURY
ROYAL BANK CDA -COMMON
WI LAN INC -6.000 SEP 16 30
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 Canadian Equity Fund, Front Street Diversified Income Fund, Front Street Small Cap Fund, Front Street Special Opportunities Canadian Fund, Front Street Global Opportunities Fund, Front Street Growth and Income Fund, Front Street Value 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.
- FUNDGRADE A rating awarded to Series A and Series B
- Video excerpts are for information purposes only and are not intended to provide investment advice. Before acting on any views expressed in these videos, first see your professional advisor and/or refer to the relevant prospectus.
- © 2012 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.