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Fund Price: $4.50 (as at January 26, 2015)  1-day chg: $.004 0.09%  YTD: 1.34%

Returns as at December 31, 2014

  Fund Group Avg Index*
1 Month -0.45% -1.33% -1.33%
3 Months 0.90% -0.93% -0.87%
6 Months 0.63% -1.81% -1.79%
1 Year 3.77% 2.74% 2.59%
2 Year Avg 3.66% 3.32% 3.02%
3 Year Avg 4.04% 5.60% 5.63%
4 Year Avg 3.14% 5.02% 4.74%
5 Year Avg 4.63% 5.92% 5.80%
10 Year Avg 2.90% 4.46% 4.22%
15 Year Avg 4.29% 4.69% 4.64%
20 Year Avg 5.74% 5.74% 5.25%
Since Inception 5.71% - -
 
2014 3.77% 2.74% 2.59%
2013 3.55% 3.47% 3.45%
2012 4.79% 10.70% 11.05%
 
3 year risk 2.47 4.16 3.36
3 year beta 0.48 0.96 1.00

*Globe High Yield Fixed Income Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe High Yield Fixed Income Peer Index.

Risk Measures as at December 31, 2014

Best/Worst 12 months (since inception)
Best (ending Mar 10): 28.32 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Nov 08): -18.76 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 2 High

Fund Objectives

Trimark Advantage Bond Fund invests in fixed-income securities of investment-grade and below-investment-grade issuers (BBB Standard & Poor�s rating). The portfolio management team uses their expertise in relative value and rigorous credit analysis to achieve a yield advantage. The Fund invests primarily in fixed-income securities of Canadian corporations and governments.

Fund Facts

Fund Sponsor: Invesco Canada Ltd.
Managed by: Invesco Canada Ltd.
Fund Type: MF Trust
Inception Date: December 1994
Asset Class: High Yield Fixed Income
Quartile Rank: 4 (3YR ending December 31, 2014)
Total Assets: $269.1 million
Mgmt Exp. Ratio (MER): 1.43%
Management Fee: 1.00%
Load Type: Optional
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$50
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$50
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation September 30, 2014

Bond Type September 30, 2014

Bond Term September 30, 2014

Top Holdings as at September 30, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at January 26, 2015
1 Year Performance (%)
  Province of Alberta, 1.70%, DEC/15/17 Bond 3.85   2.18 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Bank of Montreal, 2.24%, DEC/11/17 Bond 3.11   2.22 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Northgroup Preferred Capital, 6.38%, OCT/15/17 Bond 2.7   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Credit Acceptance, 6.13%, FEB/15/21 Bond 2.45   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Tekni-Plex Inc, 9.75%, JUN/01/19 Bond 2.44   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Royal Bank of Canada, 3.45%, SEP/29/26 Bond 2.24   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Alberta, 1.60%, JUN/15/18 Bond 2.07   3.08 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Great Canadian Gaming, 6.63%, JUL/25/22 Bond 1.98   -0.95 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Sprint Corporation, 9.25%, APR/15/22 Bond 1.92   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to January 26, 2015)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Jan 15, 2015 0.0175 0.0175 0.1618 4.467
Dec 19, 2014 0.0146 0.0146 0.1571 4.437
Nov 14, 2014 0.0157 0.0157 0.1424 4.476
Oct 15, 2014 0.0146 0.0146 0.1267 4.444
Sep 15, 2014 0.0122 0.0122 0.1276 4.478
Aug 15, 2014 0.0130 0.0130 0.1297 4.491
Jul 15, 2014 0.0131 0.0131 0.1327 4.506
Jun 13, 2014 0.0131 0.0131 0.1349 4.515
May 15, 2014 0.0106 0.0106 0.1372 4.510
Apr 15, 2014 0.0093 0.0093 0.1430 4.505
Mar 14, 2014 0.0115 0.0115 0.1478 4.490
Feb 14, 2014 0.0167 0.0167 0.1527 4.469
Jan 15, 2014 0.0128 0.0128 0.1529 4.471
Oct 15, 2013 0.0155 0.0155 0.2316 4.403
Sep 13, 2013 0.0142 0.0142 0.2358 4.397
Aug 15, 2013 0.0160 0.0160 0.2399 4.417

Portfolio Manager(s)

Jennifer Hartviksen

Invesco Canada Ltd.

Start Date: September, 2013

Fund Return: 3.92%

Jennifer is a vice president and the head of fixed-income investments for Trimark Investments, based in Toronto. Jennifer is from Toronto. She began her career in the investment industry in 1992 at CasselsBlaikie Investment Management Ltd., where she worked as a portfolio manager assistant, followed by a research assistant at Research Capital Corp. and an analyst, corporate finance at Midland Walwyn Inc. In 1996, she relocated to Brazil where she worked at JPMorgan Chase & Co. as a senior analyst, investment banking and at ING Barings LLC as a vice president, corporate debt research. . In 2000, she joined SunAmerica Investments, Inc. in the U.S. as a vice president, high-yield investments. She then spent eight years working at Western Asset Management Co. as a senior high-yield analyst. In 2009, she returned to Toronto where she joined the Canada Pension Plan Investment Board as a senior portfolio manager specializing in corporate debt. Most recently, Jennifer worked at Fiera Quantum L.P. as a senior portfolio manager where she managed a credit strategy. She joined Invesco Canada in 2013 as a vice president and the head of fixed-income investments, Trimark Investments. She earned a BA in Economics from the University of Toronto, and holds the Chartered Financial Analyst designation.

Also manages:Desjardins Fn Pool Trimark Inc Gwth, Invesco Core Canadian Balanced Cl, Trimark Canadian Bond, Trimark Diversified Income Class-T8, Trimark Diversified Yield Class-PT6, Trimark Floating Rate Income, Trimark Global Balanced, Trimark Global Balanced Class F, Trimark Global High Yield Bond, Trimark Government Plus Income, Trimark Income Growth-SC, Trimark Select Balanced

View fund manager performance report

Anthony Imbesi, CFA, BComm

Invesco Canada Ltd.

Start Date: September, 2000

Fund Return: 4.15%

Anthony is a vice president and portfolio manager for Trimark Fixed-Income Investments, based in Toronto.Anthony was born and raised in Toronto. He began his investment career in 1996 at I.A. Michael Investment Counsel. Prior to joining the company in 1999, he was an investment analyst at Middlefield Group. He was promoted to portfolio manager in 2002. Anthony earned a B.Comm. from the University of Toronto, and he holds the Chartered Financial Analyst designation.

Also manages:Desjardins Fn Pool Trimark Inc Gwth, Invesco Core Canadian Balanced Cl, Trimark Canadian Bond, Trimark Diversified Income Class-T8, Trimark Diversified Yield Class-PT6, Trimark Floating Rate Income, Trimark Global Balanced, Trimark Global Balanced Class F, Trimark Global High Yield Bond, Trimark Government Plus Income, Trimark Income Growth-SC, Trimark Select Balanced

View fund manager performance report

Alfred Samson, CFA

Invesco Canada Ltd.

Start Date: May, 2005

Fund Return: 2.89%

Alfred is a portfolio manager for Trimark Fixed-Income Investments, based in Toronto.Originally from Nova Scotia, Alfred began his investment career in 1990 at Zurich Life Insurance Co. of Canada as an investment analyst. He then worked in progressive roles at Maritime Life Assurance Co., first as portfolio manager and subsequently as Director and Vice President of Public Securities, before joining the company in 2005. He earned a B.Comm. from Dalhousie University, and he holds the Chartered Financial Analyst designation.

Also manages:Invesco Core Canadian Balanced Cl, Trimark Canadian Bond, Trimark Diversified Income Class-T8, Trimark Diversified Yield Class-PT6, Trimark Floating Rate Income, Trimark Global Balanced, Trimark Global Balanced Class F, Trimark Global High Yield Bond, Trimark Government Plus Income, Trimark Select Balanced

View fund manager performance report

Albert Ngo

Invesco Canada Ltd.

Start Date: January, 2014

Fund Return: 2.83%

Master of Financial Economics (MFE) and B.Comm (University of Toronto)Industry experience: since 2005 Previous positions: associate director, high-yield trading, Scotia Capital; associate portfolio manager, fundamental credit, CPP Investment Board; associate, Catalyst Capital Group; pre-MBA associate, H.I.G. Capital � Bayside Capital; analyst, technology investment banking, Banc of America Securities

Also manages:Desjardins Fn Pool Trimark Inc Gwth, Invesco Core Canadian Balanced Cl, Trimark Canadian Bond, Trimark Diversified Income Class-T8, Trimark Floating Rate Income, Trimark Global Balanced, Trimark Global Balanced Class F, Trimark Global High Yield Bond, Trimark Government Plus Income, Trimark Income Growth-SC, Trimark Select Balanced

View fund manager performance report