Access Preferred and Hybrid Fund (GPRF)

Overview

The fund is designed for investors looking to gain exposure to the U.S. preferred stock and hybrid securities market. It aims to replicate the performance of its underlying index, which encompasses a selection of preferred stocks and other hybrid instruments, all denominated in U.S. dollars (USD) and issued within the United States. The fund commits at least 80% of its assets, excluding the collateral received from securities lending, to investments that are part of its benchmark index, ensuring a high degree of alignment with the index’s performance characteristics.

Products and Services

• Preferred Stock Investments: The fund primarily invests in preferred stocks, which are securities that offer fixed dividends and have priority over common stocks in terms of dividend payments and asset liquidation. These investments aim to provide shareholders with steady income streams while exposing them to the equity markets.

• Hybrid Instruments: In addition to preferred stocks, the fund invests in other hybrid instruments. These are financial securities that combine features of both debt and equity, offering investors a unique blend of risk and return characteristics. Hybrid instruments may include convertible securities, which offer the potential for capital appreciation by converting into a specified number of common shares, typically at the discretion of the holder.