Jon Vialoux BMO Mid Federal Bond Index ZFM-T PAST TOP PICK Aug 22, 2013

You want to have a neutral portfolio for May and June, which is the most seasonally negative of the year. May to October is the period of strength for bonds (where you go when you sell in May and go Away). Hold through to October.

Medium term (under 10 years) bond that is a safe/defensive name.
Will perform well during the summer months.
Expecting capital gains on the stock for investors.
Current yield at ~2.25% (expecting to rise).

Fixed income product with defensive characteristics.
Dividend classified as income (rather than dividend income).
Good product if you think we are going into hard landing.

Rising interest rates tough on bond funds.
Expectation is for rate cuts in 2024.
Wait for rate cuts before investing. 
Good for defensive investors.