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When evaluating the fund against other dividend paying funds or the big indexes, the presence of a large amount of income trusts means that the distributions are not at all comparable.

Normal companies payout portions of their earned profits. Income trusts almost always pay out WAY more than their profits - often twice the profits. To do that they either take out more debt, or allow their fixed assets to wear out or they (used to be able to) issue more equity to fund the distributions. Not what I call good management.

The benefit from including income trusts in their basket is that it allows for some industry diversification (Oil&gasProducers) that would probably be lacking without the trusts.
 
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