Pro-Vest Growth & Income Fund is a closed-end investment trust that invests in a diversified portfolio of income funds, mid-to-large capitalization Canadian and U.S. equities, and closed-end investment funds. The Fund provides a stable stream of monthly distributions and potential long-term capital appreciation.
The Fund is actively managed, with weights adjusted across the three asset classes according to the market outlook. To meet distribution objectives, the Fund receives income fund distributions, trailer fees and distributions from closed-end investment funds, common share dividends, premiums from covered option writing, and realized capital gains.
Investors benefit in several key ways:
• Attractive yield, with distributions targeted at 8.00 per cent annually
• Tax-advantaged distributions, with a significant portion as return of capital, capital gains and dividends
• Low management fees relative to other actively managed closed-end investment funds
• Potential for enhanced returns and reduced risk, due to active asset allocation
The Fund meets the needs of investors seeking steady income with an attractive yield and tax advantages. It particularly suits individuals who want an income vehicle designed to take advantage of current and anticipated market conditions.
Average Annual Compound Returns - by Market Price (as of July 31, 2008)
YTD | 3 Month | 6 Month | 1 Year | 3 Year | 5 Year | SI |
-1.9% | 2.4% | 5.1% | -0.8% | 9.1% | n/a | 12.0% |
Annual Returns - by NAV | | 2007 | 2006 | | 2004* |
| | 4.8% | | 24.1% | |
Annual Returns - by Market Price
| | 2007 | 2006 | 2005 | 2004* |
| | 8.0% | 11.1% | | |
*Total return for the period February 17, 2004 - December 31, 2004