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Today, many investors are looking for ways to improve the level of income generated from their investments. PH&N Monthly Income Fund is a balanced solution that provides investors with a relatively high, tax-efficient monthly income with the potential for modest capital growth through a well-diversified portfolio of income-producing securities.

PH&N Monthly Income Fund is available to investors in both registered and non-registered accounts and has a target payout rate of 5%*.

The Fund actively draws from a strong foundation of diversified and reliable income sources to deliver an income stream with:

• Stability – a steady, predictable monthly income to cover your living expenses or supplement your existing income
• Longevity – the ability to keep paying monthly income for an extended period of time
• Growth – the potential to grow over time to help you keep up with inflation
• Flexibility – the ability to access your money and make changes to your portfolio any time

Why PH&N Monthly Income Fund?

Pay less tax	Reliable distribution rate
Tax-efficient dividend income from Canadian corporations and distributions from REITs and income trusts means more after-tax income for you.	With a 5% annual distribution target, this Fund aims to provide a sustainable level of income with the potential for modest growth over time.
Sophisticated risk management	Strike a balance
Risk-reward balance is actively measured and managed daily to maintain a steady stream of dividends and cash flows to investors.	This Fund provides exposure to an equal mix of bonds and equities, which historically has shown a good way to strike a balance between income and growth.
Pay lower fees to maximize returns	Have markets on your side
With interest rates at record lows, it's more important than ever to focus on investments with low fees. RBC and PH&N are committed to providing low cost investments.	To take advantage of changing market conditions, the portfolio manager for the PH&N Monthly Income Fund has the flexiblity to vary the asset mix. Bonds can range from 40% to 60%.

To learn more about the PH&N Monthly Income Fund speak with your advisor or click on Invest Now options on how to contact us.