Guardian focuses on quality

Article Excerpt

GUARDIAN MONTHLY HIGH INCOME II FUND $10.66 (CWA Rating: Income) (GGOF Guardian Group of Funds, Commerce Court West, Suite 4100, P.O. Box 201, Toronto, Ontario M5L 1E8. 1-800-668-5613; Web site: www.ggof.com. Available from brokers) continues to emphasize more stable real estate investment trusts (REITs) and high-quality, long-lived resource trusts that pay out a low percentage of cash flow as distributions. This should help the fund keep distributions high even after Ottawa’s tax changes in 2011. Guardian Monthly High Income II pays a $0.06 monthly distribution, for a 6.8% yield. The fund has an MER of 2.30%. The $574.3-million fund’s top holdings are Crescent Point Energy Trust, RioCan REIT, ARC Energy, Bonavista Energy Trust, Cominar REIT, IESI-BFC, Vermilion Energy Trust, CML Healthcare Income Fund, Canadian REIT and Enerplus Resources Fund. Guardian Monthly High Income II is a buy. buy…