Dixon Mitchell

Investment Counsel

Diversified INCOME PORTFOLIO

We created the Dixon Mitchell Diversified Income Portfolio in December 2004 to:

  • generate stable income for regular withdrawal and/or reinvestment. A portion of total income generated is derived from tax-preferred sources, such as common equity dividends and income trust distributions
  • grow invested assets and protect against inflation through allocation to common stocks and real return bonds.
DIVERSIFIED INCOME PORTFOLIO COMPONENTS:
  • investment-grade corporate and government bonds to provide both reasonable interest yield and asset stability
  • government-issued real-return bonds to provide a guaranteed real interest yield and inflation protection
  • income trusts selected for their distribution stability and long-life asset backing
  • common stocks paying superior dividend yields; emphasis placed on companies with a history of raising dividends
ASSET MIX RANGES:
CORPORATE & INFLATION-LINKED BONDS: 35-45% (target = 40%)
INCOME TRUSTS: 15-25% (target = 20%)
COMMON STOCKS: 35-45% (target = 40%)

Diversified Income Portfolio Performance & Yield:
December 31, 2009 Q4-09 1 year 3 year Since
inception*
Blended
yield
Dixon Mitchell Diversified Income 2.5% 17.0% -0.7% 4.9% 4.9%

* Inception date = December 31, 2004: returns for periods greater than one year have
been annualized

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