The Fund’s main goal is to ensure a non negative return while enabling it to maintain its annual outflow of disbursements. Although, still in the infancy stage, HWDF maintains that it’s only objective is to both create and execute its self made strategy. In the short term however, we have chosen the RBC Canadian Short-term Income Fund (series A) as our investment engine because we lack both the capital and human resources necessary to oversee an in-house strategy. The Canadian Short-term fund mirrors our objectives; to remain as liquid as possible and to ensure a non-negative return while, maintaining extremely low risk levels. It also adheres to our primary constraint; that all investments be Canadian. The RBC fund is invests primarily in short-term, high-quality fixed income securities issued or guaranteed by Canadian federal, provincial or municipal governments and corporations. The fund currently handles 2.3435 Billion dollars and has never posted successive negative losses. Furthermore, the Asset mix is relatively stable with the investments diversified between fixed income and cash (liquid assets). The fixed income is broken down in both Government and Corporate bonds with the majority of the Bonds maintaining AAA ratings. As per our investment criteria listed above, the fund is primarily Canadian, with 1.3% divided among the United States, Ireland and the United Kingdom.

In the long term, we maintain our position on wanting to create and execute our own in-house strategies. As any large fund, its core competency is its ability to study and effectively dictate the directional trends of the market.

For further information please feel free to contact us, visit www.rbcam.com or download the link labelled “prospectus” beneath.