Guardian Sticks With Top Trusts

Article Excerpt

GUARDIAN MONTHLY HIGH INCOME II FUND $12.83 (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 still think you should diversify carefully with trusts. Emphasize those with stable cash flows, a low need for capital expenditures and mature business operations. The $884.8 million fund’s top holdings are: Crescent Point Energy Trust, Canadian Oil Sands Trust, RioCan REIT, ARC Energy, Cominar REIT, Yellow Pages Income Fund, BFI Canada Income Fund, Vermilion Energy Trust, Bonavista Energy Trust and Enerplus Resources Fund. Guardian Monthly High Income II pays a $0.06 monthly distribution, for a 5.6% cash yield. The fund has an MER of 2.30%. Guardian Monthly High Income II is a buy. buy…