Despite the word Canadian in the name, this balanced fund invests an international portfolio of stocks and bonds.
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At first glance, this looks like an attractive place for your money, with a yield of almost 6.6%. But look more closely and you’ll quickly be aware that that most of that cash flow is your own money coming back. The fund’s net asset value (NAV) has steadily declined in recent years, from $12.22 on Sept. 1, 2017 to $10.96 now. So, while the cash flow has held steady at $0.06 per unit monthly, the value of your units has dropped. Think of it as a yield trap. - Gordon Pape
Consult your broker/advisor