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As of January 3, 2017, Triax Diversified High Yield Trust has gone out of business. Triax Diversified High Yield Trust is a closed ended fixed income mutual fund of funds launched and managed by First Asset Investment Management Inc. It is co-managed by Deans Knight Capital Management Ltd. The fund invests in the fixed income markets of Canada. It primarily invests in corporate bonds, as well as in income trusts and other specialty products that invest in these securities. The fund seeks to invest in securities with an average credit quality of B. It benchmarks the performance of its portfolio against the Merrill Lynch Canada High Yield Bond Index. Triax Diversified High Yield Trust was formed on February 6, 1997 and is domiciled in Canada.
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