Attracting a wide audience, Guardian Group of Funds Ltd. announced today the launch of the three-tiered Bank of Montreal GGOF C.O.R.E. Protected Deposit Notes.

The three classes of the deposit notes include the Total Return Class, which focuses on long-term capital growth; the Yield Class, which provides a monthly income; and the Return of Capital Class, which will be tax deferred, as well as provide regular monthly distributions. The three classes will be based on the GGOF Dividend Growth Fund, managed by Michael Stanley of Jones Heward Investment Counsel Inc., and have a six-year term.

Beyond variety, the deposit notes promise to enhance returns by providing 200 per cent exposure to a portfolio of dividend-paying stocks; protection of 100 per cent of the capital if held to maturity by Bank of Montreal; and a maximum annual fee of 2.60 per cent.