Overview
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Asset ClassPreferred Shares
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CIFSC CategoryPreferred Share Fixed Income
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Risk RatingMedium
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Number of Securities85
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Current Yield5.3%
Objectives
The Fund’s objective is to seek to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.
Investment Focus
The funds objective is to seek to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.
Fund Facts
April 30, 2023Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $63.5 Million |
NAVPU | $7.68 |
Management Fee | 1.25% |
MER as of December 31, 2022 | 1.49% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics
Number of Securities | 85 |
Current Yield (%) | 5.3% |
Portfolio
Top 10 Holdings
Security | % of Fund |
---|---|
CANADIAN DOLLAR | 14.8% |
PURPOSE HIGH INTEREST SAVING ETF | 7.5% |
BANK OF MONTREAL $1000 PREFERRED 7.06% | 3.0% |
BANK OF MONTREAL $1000 PREFERRED 7.37% | 2.8% |
ENBRIDGE INC PREFERRED | 2.4% |
CIBC BANK 7.365% | 2.4% |
TD BANK 7.23% PERPETUAL | 2.3% |
TC ENERGY PREFERRED | 2.2% |
FORTIS INC PREFERRED | 2.1% |
EMERA PREFERRED | 2.1% |
Total | 41.5% |
Performance
Inception Date
December 30, 2014
As of Date
April 30, 2023
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
|
Fund | -0.5% | -4.0% | 2.8% | -8.0% | 9.0% | -0.9% | 0.4% |
Benchmark | 0.3% | -4.4% | 2.5% | -7.3% | 7.0% | 0.4% | 0.6% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Monthly |
Most Recent Distribution per Unit | $0.0246 |
12-Month Trailing Distribution Yield | 3.9% |
Next Record Date | May 25, 2023 |
Next Distribution Date | May 26, 2023 |
Monthly Distributions
Record Date | Distribution Date |
---|---|
January 26, 2023 | January 27, 2023 |
February 23, 2023 | February 24, 2023 |
March 30, 2023 | March 31, 2023 |
April 27, 2023 | April 28, 2023 |
May 25, 2023 | May 26, 2023 |
June 29, 2023 | June 30, 2023 |
July 27, 2023 | July 28, 2023 |
August 24, 2023 | August 25, 2023 |
September 28, 2023 | September 29, 2023 |
October 26, 2023 | October 27, 2023 |
November 23, 2023 | November 24, 2023 |
December 14, 2023 | December 15, 2023 |
Distributions ($)/Unit2 | YTD* | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.1072 | 0.3040 | 0.3217 | 0.3305 | 0.3151 | 0.3854 | 0.3809 | 0.2855 | 0.1451 |
Interest | - | 0.0027 | 0.0033 | - | - | - | - | - | - |
Dividends | - | 0.3013 | 0.2285 | 0.3305 | 0.3151 | 0.2886 | 0.2926 | 0.2855 | 0.1438 |
Capital Gains | - | - | - | - | - | 0.0968 | 0.0883 | - | - |
Withholding Tax | - | - | - | - | - | - | - | - | - |
Return of Capital | - | - | 0.0898 | - | - | - | - | - | 0.0013 |