Cowan Income Opportunities Fund
The Cowan Income Opportunities Fund is suitable for individuals who require exposure to income-producing securities. The fund is focused on North American securities such as government debt, corporate bonds, high-yield bonds, preferred shares, and convertible debt. We conduct fundamental credit analysis to identify mispriced, income-producing securities. This means that each individual investment is evaluated on its own merits.
The fund's goal is to generate a long-term return greater than inflation. This would allow our clients to increase their purchasing power over time. We look for companies with strong balance sheets and sustainable cash flows. All of our investments must incorporate a margin of safety. This applies to both the issuer’s ability to make its fixed-income payments plus the price we are paying for these securities.
When we purchase a security, our aim is to hold it until maturity. Our strategy is not to trade our holdings actively. We project each issuer’s cash flows over an entire business cycle to check that the stream of income we are buying is solid.
Cowan Asset Management charges management fees at the account level. The Income Opportunities Fund has no additional performance fee. Click here for more information on our fees.
NAV Pricing Frequency
Monthly – last business day of each month.
Cowan Asset Management has partnered with industry leaders in the administration of the Cowan Income Opportunities Fund in order to ensure that our clients enjoy the highest level of service from some of the most respected organizations in the industry.
- Legal Counsel
- Osler, Hoskin & Harcourt LLP
- Trustee/Fund Custodian
- CIBC Mellon Trust Company
- Individual Account Custodian
- National Bank Correspondent Network
- Ernst & Young LLP