The fund actively and primarily invests in a portfolio of investment-grade preferred shares from developed markets, specifically US and Canada. In seeking growth and capital appreciation, the portfolio will consist of at least 50% preferred shares at all times. The fund may also hold other debt instruments such as investment-yield corporate bonds and convertibles provided that it will not exceed 50% and 20% of the portfolio, respectively. Allocation and maturity is at the discretion of the manager specially during sluggish market periods. The fund is designed for investors with a low to medium risk appetite who are seeking steady cash flow from a diversified portfolio delivering efficient exposure to the potential of preferred shares in the developed markets.