As of May 20, 2016, Canoe U.S. Strategic Yield Advantaged Fund has been acquired by Canoe North American Monthly Income Class. Canoe U.S. Strategic Yield Advantaged Fund is a closed ended balanced mutual fund launched and managed by O’Leary Funds Management LP. The fund is co-managed by Stanton Asset Management Inc. It invests into public equity and fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in value stocks having market capitalizations of at least U.S. $1 billion. For its fixed income securities, the fund invests in convertible debt securities, publicly-traded corporate bonds, and floating-rate debt securities, including non-investment grade securities. It employs fundamental analysis, with focus on top down and bottom up approach to create its portfolio. The fund benchmarks the performance of 50% of its portfolio against the S&P 500 Total Return Index and 50% against the BofA Merrill Lynch U.S. High Yield Master II Index. It was formerly known as O'Leary Funds - O'Leary U.S. Strategic Yield Advantaged Fund. Canoe U.S. Strategic Yield Advantaged Fund was founded on May 20, 2011 and is domiciled in Canada.