Pursues a steady flow of income primarily through investment in Canadian preferred shares.
Natixis Canadian Preferred Share Class invests directly in preferred shares.
J Zechner considers the credit quality of preferred share issuers, the attributes of individual preferred share issues and the expected direction of dividend yields. J Zechner seeks to invest in preferred shares that provide attractive value relative to available preferred share types, issuers and issues. J Zechner also considers the relative attractiveness of preferred shares to other fixed income alternatives.
Although the Fund is expected to primarily invest in preferred share securities J Zechner may at times utilize other fixed income securities including money market securities and government, agency and/or corporate bonds to a maximum of 40% of the portfolio.
The Fund may invest up to 20% of the cost of its net assets in foreign securities.
Who Should Invest in this Fund
Investors who want exposure to dividend income through a diversified portfolio of Canadian preferred shares.
Fairfax Financial Holdings Ltd Preferred Stock Var
Co-operators General Insurance Preferred Stock 5
Canadian Utilities Ltd Preferred Stock 4.9
Veresen Inc Preferred Stock Var
Royal Bank of Canada Preferred Stock 4.9
Fortis Inc Preferred Stock 4.75
George Weston Ltd Preferred Stock 4.75
Fairfax Financial Holdings Ltd Preferred Stock
Power Financial Corp Preferred Stock 5.1
Bank of Montreal Preferred Stock Var
Portfolio Sector Allocation
as of September 30
Cash & Equivalents
Portfolio Geographic Allocation
as of September 30
Cash & Equivalents
Cash & Equivalents reflects unsettled trades, fees and derivatives and any other cash and equivalents positions held within the Fund.
In the sector allocation, the calculations are based on the specific traits of each security related to that distribution, which can result in variations of the Cash & Equivalents weightings.
J ZECHNER ASSOCIATES
Managed the Fund Since
Joined the Firm
Began Investment Career
Jeff Herold, CFA
Chief Executive Officer, Lead Fixed Income Manager
Dax Letham, CFA
Chief Investment Officer, Portfolio Manager
Ian Clare, CFA
Fixed Income Manager
Founded in 1993, J Zechner Associates is an independent, partner-owned organization focused on serving the investment management needs of institutional clients, mutual funds, as well as high-net worth individuals and families. They emphasize an active, disciplined and team-based approach to money management in their three main areas of specialty: Canadian Equity, Canadian Fixed Income, and Balanced.
J Zechner Associates Inc. is portfolio sub-advisor in respect of the Natixis Canadian Preferred Share Class. The Natixis Canadian Preferred Share Registered Fund invests substantially all its portfolio assets in non-publicly offered debt and Inter-Fund class shares of Natixis Canadian Preferred Share Class.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the investment fund or returns on investment in the investment fund. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The payment of distributions for Dividend and the Return of Capital should not be confused with a mutual fund’s performance, rate of return or yield. If distributions paid by a mutual fund are greater than the performance of the fund, then the investment will decline. Distributions paid as a result of capital gains realized by a mutual fund and income and dividends earned by a fund are taxable in the investor’s hands in the year they are paid. For Return of Capital, the adjusted cost base will be reduced by the amount of any returns of capital. If the adjusted cost base goes below zero, then investors will have to pay capital gains tax on the amount below zero.
NGAM Canada LP (the “Manager”) currently reduces or absorbs all or any portion of the management fee and/or operating expenses of the Fund and can terminate the reduction or absorption at any time. The Manager expects to continue to absorb these fees or expenses until such time as the Fund is of sufficient size to reasonably absorb all fees and expenses. The MER for the Natixis Canadian Preferred Share, Dividend, Series A would be 1.66% if the Manager had not reduced or absorbed these expenses.