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Topic: How To Invest

GUARDIAN MONTHLY HIGH INCOME II FUND $9.16

GUARDIAN MONTHLY HIGH INCOME II FUND $9.16 (CWA Rating: Income) (BMO Guardian Group of Funds, Commerce Court West, Suite 4100, P.O. Box 201, Toronto, Ontario M5L 1E8. 1-800-668-5613; Web site: www.bmoguardianfunds.com. Available from brokers) is a fund we rate as Income. It invests in royalty and income trusts and real estate investment trusts (REITs). With assets of $479.5 million, this fund is large enough to diversify widely. It also focuses on stable REITs and high-quality, long-lived resource trusts.

The fund’s top holdings are: Crescent Point Energy Trust, Canadian Oil Sands, RioCan REIT, ARC Energy, Boardwalk REIT, Keyera Facilities Income Fund, BFI Canada, Vermilion Energy Trust, CML Healthcare Income and Enerplus Resources.

Guardian Monthly High Income II pays a $0.06 monthly distribution, for an 7.9% yield.

We only rate funds as Income if they invest in conservative securities. Guardian Monthly High Income II qualifies as an Income buy.

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