Guardian Group of Funds Ltd. today announced the launch of Bank of Montreal PARtNrs (Principal At Risk Notes) GGOF Dividend Growth Fund Total Return Class, Series 1.

The notes are based on the performance of GGOF Dividend Growth Fund, managed by Michael Stanley of Jones Heward Investment Counsel Inc.

The notes will maintain 150% leveraged exposure to the total return of the GGOF Dividend Growth Fund. The structure of the notes provides leverage at a significantly lower rate than a typical margin account. As such, this new series gives investors the potential for enhanced returns from a fund focused on stable, long-term growth, GGOF says.

The principal amount is not protected under these notes, GGOF adds.

“GGOF Dividend Growth Fund is an excellent core holding for investors seeking long-term capital growth. Michael Stanley has a strong track record investing in a portfolio of dividend-paying stocks,” says Gavin Graham, chief investment officer, GGOF. “The addition of a cost-efficient way to achieve greater exposure to the Fund makes it even more appealing for investors looking for a stable, long-term growth investment.”

In addition, under the total return strategy of the notes, any notional distributions made on the fund will be reinvested back into the note structure providing tax-deferred growth for investors. The notes have a 10-year term with a competitive management fee of 2.0% per year.

The notes are available for sale until December 14, through registered dealer representatives, and are eligible for registered plans. The minimum purchase is $2,000.

GGOF Dividend Growth Fund provides investors with the opportunity to benefit from dividend-paying stocks that have historically provided the growth needed to generate long-term returns that outpace inflation and taxes. The fund’s goal is to generate a relatively high return which includes dividend income and some capital gains from the increase in the value of securities held in the fund’s portfolio.