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Core Canadian Dividend Trust

 

CDD.UN

Fact SheetFact SheetFund UpdateFund Update

Fund Overview

Overview

The Fund is a closed-end investment trust designed to provide unitholders with exposure to a blue chip portfolio consisting of fifteen high quality, large capitalization, and dividend paying Canadian companies across multiple industry sectors that have an excellent long term track record of dividend growth and share price appreciation. The Fund utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.

Rationale

The Fund is appropriate for those investors looking for a diversified large-capitalization portfolio while earning attractive distributions with lower volatility.

Distributions

Distributions are calculated and paid monthly based on 6.5% per annum of the net asset value of the Fund.

Portfolio

The Fund invests in the following Canadian dividend-paying TSX-listed common shares:

Royal Bank of Canada   Thomson Corporation   
Manulife Financial Corporation   Canadian Imperial Bank of Commerce   
Bank of Nova Scotia   BCE Inc.   
The Toronto-Dominion Bank   TransCanada Corporation   
Bank of Montreal   Teck Cominco Limited (Class B)   
Enbridge Inc.National Bank of Canada
Russel Metals Inc.AGF Management Limited
Canadian Utilities Limited

The Fund will generally invest not less than 4% and not more than 10% of the Fund’s NAV in each of the issuers in the Core Canadian Dividend Portfolio. In addition, up to 25% of the NAV of the Fund may be invested in equity securities of other issuers listed on the TSX

Top 10 Holdings as of December 31, 2016
Holding Name % of NAV
RUSSEL METALS INC.      11.8%
MANULIFE FINANCIAL CORPORATION      9.0%
AGF MANAGEMENT LIMITED - CLASS B      8.7%
NATIONAL BANK OF CANADA      8.6%
BANK OF MONTREAL      8.4%
THOMSON REUTERS CORPORATION      8.3%
THE BANK OF NOVA SCOTIA      8.0%
TECK RESOURCES LIMITED - CLASS B      7.9%
CASH      7.8%
CANADIAN IMPERIAL BANK OF COMMERCE      6.3%
Sector Allocations

 

 

 Pricing
As of 03-23-2017
Current NAV for CDD.UN: $6.85
Market Price: $6.76
Last Traded: 03-24-2017 9:30am
View Historical NAV  
 Quick Facts
Inception Date: 11-16-2006
Total Assets As of 12-31-2016: $4.37 mm
Management Fee: 1.1%
Service Fee: 0.4%
 Distributions & Tax
Current Distributions for CDD.UN: $0.04
Current Yield: 6.61%
View Historical Distributions  
 News
2017-03-22
CDD: Announces Annual Results
2017-03-06
CDD: Declares Monthly Fund Distribution
2017-02-03
CDD: Declares Monthly Fund Distribution
2017-01-04
CDD: Declares Monthly Fund Distribution
2016-12-05
CDD: Declares Monthly Fund Distributions
View More News
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