Guardian sticks with top trusts

Article Excerpt

GUARDIAN MONTHLY HIGH INCOME II FUND $8.21 (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. We like the fact that this fund emphasizes trusts with stable cash flows, low capital expenditures and mature businesses. The $478.4-million 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 Fund. Guardian Monthly High Income II pays a $0.06 monthly distribution, for an 8.8% yield. The fund has an MER of 2.30%. Guardian Monthly High Income II is a buy. buy…