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 Securities99
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Current Yield5.5%
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
December 31, 2024Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $78.9 Million |
NAVPU | $9.16 |
Management Fee | 1.25% |
MER as of June 30, 2024 (unaudited) | 1.52% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RSP Eligible | Yes |
Portfolio Characteristics
Number of Securities | 99 |
Current Yield (%) | 5.5% |
Portfolio
Top 10 Holdings
Security | % of Fund |
---|---|
Royal Bank Of Canada $1000 Preferred 7.408% | 6.4% |
Canadian Dollar | 5.2% |
Bank Of Montreal $1000 Preferred 7.057% | 4.3% |
Bank Of Montreal $1000 Preferred 7.37% | 4.3% |
CIBC $1000 Preferred 7.365% | 3.8% |
CIBC $1000 Preferred 7.337% | 3.8% |
Fairfax Preferred | 3.0% |
TC Energy Preferred | 2.8% |
Enbridge Preferred | 2.8% |
Fairfax Preferred | 2.7% |
Total | 39.1% |
Performance
Inception Date
December 30, 2014
As of Date
December 31, 2024
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
Since Inception (Annualized) |
|
Fund | 2.0% | 3.2% | 23.1% | 23.1% | 2.4% | 6.3% | 2.9% | 2.9% |
Benchmark | 2.6% | 3.5% | 24.7% | 24.7% | 2.7% | 6.5% | 3.0% | 3.1% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Monthly |
Most Recent Distribution per Unit | $0.0356 |
12-Month Trailing Distribution Yield | 4.6% |
Next Record Date | January 30, 2025 |
Next Distribution Date | January 31, 2025 |
Monthly Distributions
Record Date | Distribution Date |
---|---|
January 30, 2025 | January 31, 2025 |
February 27, 2025 | February 28, 2025 |
March 27, 2025 | March 28, 2025 |
April 24, 2025 | April 25, 2025 |
May 29, 2025 | May 30, 2025 |
June 26, 2025 | June 27, 2025 |
July 24, 2025 | July 25, 2025 |
August 28, 2025 | August 29, 2025 |
September 25, 2025 | September 26, 2025 |
October 30, 2025 | October 31, 2025 |
November 27, 2025 | November 28, 2025 |
December 18, 2025 | December 19, 2025 |
Distributions ($)/Unit2 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.4192 | 0.3340 | 0.3040 | 0.3217 | 0.3305 | 0.3151 | 0.3854 | 0.3809 | 0.2855 | 0.1451 |
Interest | - | 0.0074 | 0.0027 | 0.0033 | - | - | - | - | - | - |
Dividends | - | 0.3266 | 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 |