GFD - Foyston Care & Maintenance Income Fund
Foyston, Gordon & Payne Inc. (Foyston) is an investment management company with about 50 employees based in Toronto. We manage approximately $13 billion in assets and have been in business since 1980. We have hundreds of clients across the country, including major Canadian corporations, pension funds, and foundations. Foyston has managed care and maintenance assets for many years, so we understand your need to generate stable income.
Across all mandates, Foyston’s focus is on prudently growing our clients’ assets, with a particular focus on capital preservation.
Foyston has a strong track record managing Canadian and global stocks as well as Canadian bonds. Our experienced and accomplished portfolio managers and analysts invest across the following platforms:
- Canadian stocks
- Global stocks
Foyston draws on these capabilities to build a diversified investment solution to meet your needs.
About the Fund
Foyston is pleased to offer you an investment program designed specifically to help you generate a high and stable level of income while prudently growing your capital to enable you to continue to care for your cemetery for generations to come.
The GFD - Foyston Care & Maintenance Income Fund (the Fund) was designed specifically for you to invest the money you have set aside to care for your cemetery.
The Fund has three primary investment objectives:
- to ensure long-term capital preservation
- to minimize volatility
- to generate income to enable your cemetery to meet its long-term spending needs
Inside the Fund
To achieve its objectives (income stability, capital preservation, and limiting volatility), the Fund will invest in a diversified mix of bonds, common shares, and preferred shares. Each of these asset classes will be actively managed by the Foyston investment teams, who will adjust the portfolio over time to reflect the changing investment landscape.
Income generated in the Fund will be transferred to a separate income account on a monthly basis and paid to you at the end of each quarter. Temporary income account balances will be directed to the FGP Short Term Investment Fund, which invests very conservatively in short-term government and corporate bonds with terms of one year or less.
The Fund's latest unit value: $9.247 on November 30, 2018.
Unit values are calculated once a month, on the last business day of each month.
The current portfolio yield is approximately 4.72%. The yield is the best predictor of the income level payable from the Fund over the next 12 months, less fees.
The table below shows the Fund's gross rates of return as at November 30, 2018:
|3 months||6 months||1 year||2 years||3 years|
Long-term performance history is not yet available as the Fund was launched on June 30, 2018.
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