CI Signature Dividend Fund

This is one of only a few mutual funds in this country that holds a high percentage of preferred shares. Normally, preferreds are a low-risk source of steady cash flow, however the sector has been battered this year over concerns about reset preferreds that are coming up for renewal, most at a lower yield. The S&P/TSX Preferred Share sub-index is down a highly unusual 24.8% year to date. - Gordon Pape