Established in 2009, the C.F.G. Heward Canadian Dividend Growth Fund is a Canadian equity fund that focuses on companies that consistently grow their dividends over the long-term. The fund is designed with the dual objective of achieving income through dividends and long-term growth at lower than market risk.
Objectives:
- Return: income and long-term growth
- Risk: below average
Pooled fund guidelines:
- Minimum Investment: $150,000 (unless investors meet criteria for "accredited investors").
- Registered Account Eligibility: RRSP, RESP, RRIF and IPP
- Income Distributed Quarterly.
- Capital Gains Distributed Annually.
- Net Asset Value (NAV) calculated weekly and at month end.
General asset class guidelines:
- Minimum dividend yield of 1.5%.
- Maximum 10% allocation per position.
- No investment in Exchange Traded Funds (ETFs) or Unit Trusts.
- Maximum exposure of 15% to natural resources.
- Maximum of 25% in any given Global Industry Classification Sector (GICS).
- Maximum of 10% in small/mid-cap stocks (Market cap: $500 million - $ 1 billion).
- Minimum of six to seven GICS.
Target Asset Allocation:
- 90% allocation to equities.
- 0% allocation to fixed income securities.
- 10% allocation to cash & cash equivalents.
Geographic Allocation:
- 100% invested in Canadian equities.
Benchmark:
- 10% PC-Bond 91-Day T-Bill Total Return Index / 90% S&P TSX Total Return Index
