PH&N Dividend Income Fund - Mutual Funds

[Pages:3]PH&N Dividend Income Fund

Investment objective

To provide long-term capital growth and income by investing primarily in a well-diversified portfolio of dividend income-producing Canadian securities that have a relatively high yield.

Fund details

Series D

Load structure

No load

Currency

Fund code

CAD

RBF1150

Inception date Total fund assets $MM Series D NAV $ Series D MER %

June 1977 2,859.3 121.49 0.99

Income distribution

Quarterly

Capital gains distribution Annually

Sales status

Open

Minimum investment $ 500

Subsequent investment $ 25

Risk rating

Medium

Fund category

Canadian Dividend

& Income Equity

Benchmark

66.67% S&P/TSX Dividend TR

33.33% S&P/TSX Dividend TR ex Energy & Materials, but including Oil & Gas Refining & Marketing and Oil & Gas Storage & Transportation Sub-industries

Performance analysis for Series D as of September 30, 2021 Growth of $10,000

2011 2012 2013 2014 2015 2016 2017 2018 2019

Series D $22,306

26 22 18 14 10 6 2020 YTD

Calendar returns %

25 20 15 10 5 0 -5 -10 -15

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD

-2.7 11.2 16.1 10.0 -8.4 22.2 8.1 -8.7 20.2 1.4 19.8

3rd

1st

3rd

2nd

3rd

1st

2nd

3rd

2nd

2nd

2nd

Fund Quartile

1 Mth

-0.7 1st

508

3 Mth

0.7 3rd

506

6 Mth

8.1 2nd

506

1 Yr

30.7 2nd

483

3 Yr

9.7 1st

449

5 Yr

8.8 1st

392

10 Yr

9.1 2nd

178

Since incep. Trailing return %

10.6 --

--

Fund Quartile

# of funds in category

Portfolio analysis as of September 30, 2021

Asset mix

Cash Fixed income Canadian equities U.S. equities European equities Asia-Pacific equities Emerging markets equities

% Assets

1.2 0.0 98.8 0.0 0.0 0.0 0.0

Equity style

Equity characteristics

Weight %

Dividend yield (%)

3.1

Large 25 47 11

> 50

Price to earnings ratio (forward)

13.0

Price to book ratio

1.9

Mid

890

25-50 Weighted average market

69.2

Small 0

0

0

10-25 0-10

capitalization ($Bn)

Value Blend Growth

These pages are not complete without the disclosure page. For more details visit

PH&N Dividend Income Fund

Portfolio analysis continued as of September 30, 2021

Top 25 holdings

% Assets

Royal Bank of Canada

8.6

Toronto-Dominion Bank

7.5

Enbridge Inc

5.2

Canadian National Railway Co

5.1

Bank of Nova Scotia

5.0

Brookfield Asset Management Inc - Class A 5.0

Shares

Canadian Imperial Bank of Commerce

3.7

Manulife Financial Corp

3.6

Bank of Montreal

3.5

Alimentation Couche-Tard Inc - Class B

2.9

Shares

Canadian Pacific Railway Ltd

2.8

Shaw Communications Inc - Class B Shares 2.8

Brookfield Infrastructure Partners LP -

2.1

Partnership Shares

Sun Life Financial Inc

2.0

TC Energy Corp

2.0

Keyera Corp

1.9

Constellation Software Inc/Canada

1.8

Quebecor Inc - Class B Shares

1.7

Intact Financial Corp

1.7

SNC-Lavalin Group Inc

1.7

Dollarama Inc

1.6

Emera Inc

1.5

Suncor Energy Inc

1.5

Canadian Natural Resources Ltd

1.5

Fortis Inc/Canada

1.5

Total % of top 25 holdings

78.2

Total number of stock holdings

51

Equity sector allocation

%

Financials

42.3

Energy

14.0

Industrials

12.6

Materials

7.1

Communication Services

6.4

Utilities

5.2

Consumer Staples

4.1

Real Estate

3.5

Information Technology

2.8

Consumer Discretionary

2.0

Health Care

0.0

Distributions ($)/unit* Interest Canadian dividends Foreign dividends Foreign taxes paid Capital gains Return of capital Total distributions

YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

-- 0.01 0.00 0.01 0.02 -- -- -- -- -- -- -- 2.73 2.51 2.45 2.28 2.29 2.25 1.99 1.75 1.41 1.02 ---------------------- ---------------------- -- 3.40 3.64 -- 2.10 -- -- 0.31 -- 1.21 1.43 ---------------------- 1.98 6.14 6.15 2.46 4.39 2.29 2.25 2.29 1.75 2.62 2.45

*Income type characterization and foreign taxes paid for the previous year, are reported at or around January month-end. Distributions reported are for the same series as the performance analysis. For distributions on other series please visit funds.

Manager bios

Scott Lysakowski, Phillips, Hager & North Investment Management

Scott is Vice President, Senior Portfolio Manager, and Head of Canadian Equities for Phillips, Hager & North Investment Management. Scott began his investment management career with the firm in 2002 as a senior research analyst and portfolio manager within the Toronto-based Canadian Equity Team. He transitioned to the Vancouver Canadian Equity Team seven years later and assumed his current leadership role in 2012. Scott is a CFA charterholder.

These pages are not complete without the disclosure page. For more details visit

PH&N Dividend Income Fund

Disclosure RBC Funds, BlueBay Funds, PH&N Funds and RBC Corporate Class Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Phillips, Hager & North Investment Management (PH&N IM) is a division of RBC Global Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or Fund Facts document before investing. Except as otherwise noted, the indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed or covered by the Canadian Deposit Insurance Corporation or by any other government deposit insurer. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment in the fund will be returned to you. The value of mutual funds change frequently and past performance may not be repeated.

This document has been compiled by RBC Global Asset Management Inc. (RBC GAM) from sources believed to be reliable, but no representations or warranty, express or implied, are made by RBC GAM, its affiliates or any other person as to its accuracy, completeness or correctness. All opinions and estimates constitute RBC GAM's judgment as of the date of this document, are subject to change without notice and are provided in good faith but without legal responsibility. The Top Ten/25 Holdings may change due to ongoing portfolio transactions within the fund. The Prospectus and other information about the underlying investment funds are available at . MER (%) for RBC Funds, PH&N Funds and BlueBay Funds is based on actual expenses for the preceding calendar year or most recent half-year period ended June 30 expressed on an annualized basis, depending on availability of data at the time of publication. MER (%) for RBC Corporate Class Funds is based on actual expenses for the preceding full year period ended March 31 or half-year period ended September 30 expressed on an annualized basis, depending on availability of data at the time of publication.

Series H and Series I are not available for purchase by new investors. Existing investors who hold Series H or Series I units can continue to make additional investments into the same series of the funds they hold. Advisor Series units with the deferred sales charge option are capped and invested based on their existing redemption schedule. Graphs are only used to illustrate the effects of the compound growth rate and do not reflect future values of any fund or returns on investment of any fund.

Growth of $10K chart shown represents a hypothetical investment of the Fund over the last 10 years, or from the last day of the since inception month for funds with less than 10 years performance history.

The fund profile is provided for informational purposes only. Particular investments and/or trading strategies should be evaluated relative to each individual's investment objectives. The information contained in the fund profile is not, and should not be construed as, investment or tax advice. You should not act or rely on the information contained in the fund profile without seeking the advice of an appropriate professional advisor.

Quartile rankings and Equity style box information are determined by Morningstar Research Inc., an independent research firm. Quartile rankings are comparisons of the performance of a fund to other funds in the applicable Fund category and are subject to change monthly. The quartiles divide the data into four equal segments expressed in terms of rank (1, 2, 3 or 4). Morningstar information contained herein is proprietary to Morningstar and 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. ? 2021 Morningstar Research Inc.

?/ TM Trademark(s) of Royal Bank of Canada. Used under licence. ? RBC Global Asset Management Inc. 2021

These pages are not complete without the disclosure page. For more details visit

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download