Topic: How To Invest

Hello Pat: Can I please have your opinion on the Galileo High Income Plus Fund?

Article Excerpt

The Galileo High Income Plus Fund is a mutual fund that mainly holds stocks (28 in all), with an emphasis on high-yielding companies. This has led the fund to invest in a lot of former oil and gas trusts that have converted to dividend paying stocks. In fact, shares of energy companies make up 53.3% of the fund’s total assets. Galileo High Income Plus Fund has an MER of 2.56%. The Galileo High Income Plus Fund’s top holdings are Badger Daylighting, Baytex Energy, Black Diamond Group, Canadian Energy Services & Technology Group, Canadian Helicopters Group, Cervus Equipment, Gibson Energy, Noranda Income Fund, Pure Energy Services and Student Transportation Inc. The fund yields about 5.8%, based on its current net asset value and its latest monthly dividend payment. That high yield has a lot of appeal for a conservative, income-seeking investor. That definition traditionally applied to investors who want income to live on. Now, more and more, it also includes conservative, risk-averse investors…