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MB Responsible Fixed Income Fund

Objective

The Fund aims to provide investors with a moderate real rate of return primarily through interest income. Returns in excess of income will be gained through duration, yield and sector management.

The MB Responsible Fixed Income Fund invests primarily in a diversified portfolio of bonds issued or guaranteed by Canadian governments (Federal and Provincial) and corporations. It may also invest in U.S. dollar denominated bonds from Canadian issuers. Corporate and provincial sectors are normally emphasized over a market cycle due to their attractive yields.

The Fund’s term to maturity (duration) is actively managed within set ranges according to the interest rate outlook.

The MB Responsible Fixed Income Fund is a screened version of the existing MB Fixed Income Fund. The screens exclude:

• Companies that derive more than 10% of their gross annual revenue from the manufacture and sale of tobacco products, alcoholic beverages, armaments, pornography, or from the provision of gaming facilities. 
• Companies with significant operations and/or suppliers that do not adhere to local employment standards, and do not address the issue.
• Companies whose negative impact on the environment is greater than the average of their peers.

For further information, please see the complete Socially Responsible Investing brochure.

Fund Managers

McLean Budden Fixed Income and SRI Teams
 

Volatility Profile

The Fund is suitable for clients with a low to moderate risk tolerance and a medium term investment time horizon.

Investing in bonds is less risky than investing in stocks. However, there is some risk as the price of bonds is closely tied to changes in interest rates. The value of the bonds held in the Fund will rise when interest rates fall, while their value will decrease whenever interest rates rise.

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