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GGOF Continues to Dominate Income Category With New Diversified Monthly Income Fund  

Investors now have an easy and convenient way to generate regular monthly income from four different asset classes with the new GGOF Diversified Monthly Income Fund.

Backed by a strong suite of monthly-pay income funds, GGOF Guardian Group of Funds has increased its assets by 56 per cent during the extremely difficult mutual fund environment of the last two years.

“In today’s low interest rate environment, it can be difficult for investors to generate sufficient income from traditional investments to meet their needs,” said John Boeckh, Senior Vice-President, Marketing at GGOF.  “Many are turning to ‘non-traditional’ income products, such as high yield bonds and income trusts.  We have been able to use our expertise and experience to create a product that generates a single source of monthly, tax-efficient income from four well diversified asset classes.”

“The four asset classes we chose for the Fund are not highly correlated, which ensures investors receive real diversification,” said Gavin Graham, Director of Investments, GGOF.  “The sub-advisors - Guardian Capital Inc. and Jones Heward Investment Counsel Inc. – both have very strong, demonstrated records of success within their asset class mandates.”

GGOF Diversified Monthly Income Fund consists of four asset classes - preferred shares, high yield bonds, income trusts and dividend-paying common shares.  The individual components of the Fund are managed by several of Canada’s leading income specialists – John Priestman, Kevin Hall and Steve Kearns from Guardian Capital Inc. and Michael Stanley from Jones Heward Investment Counsel Inc.

Each asset class represented in the Fund already forms the basis for a successful GGOF fund:

  • Preferred shares (GGOF Monthly Dividend Fund)
  • High yield bonds (GGOF Canadian High Yield Bond Fund)
  • Income trusts (GGOF Monthly High Income Fund and GGOF Monthly High Income Fund II)
  • Dividend-paying common shares (GGOF Dividend Growth Fund)

The Fund will provide investors with tax-advantaged monthly distributions of 3.5 cents per unit, composed of dividend and interest income, and tax-deferred capital gains in the form of return of capital.  Capital gains will be distributed annually.

GGOF Guardian Group of Funds provides investors with a full product line of 29 mutual funds, diversified by asset class, geographic region and investment style. GGOF, with $3.1 billion of mutual fund assets under management at August 31, 2003, offers its funds exclusively through financial intermediaries.

GGOF is a member of BMO Financial Group and part of the organization’s Private Client Group.  The Private Client Group provides integrated wealth management services in Canada and the United States and has total assets under management and administration and term investments of $281 billion at July 31, 2003.

Sales commissions, service fees, management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus before investing.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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