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 Securities79
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Current Yield6.0%
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
June 30, 2025Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $90.6 Million |
NAVPU | $9.29 |
Management Fee | 1.25% |
MER as of December 31, 2024 | 1.52% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RSP Eligible | Yes |
Portfolio Characteristics
Number of Securities | 79 |
Current Yield (%) | 6.0% |
Portfolio
Top 10 Holdings
Security | % of Fund |
---|---|
TD Bank $1000 Preferred 7.23% | 8.8% |
Royal Bank $1000 Preferred 7.4% | 7.5% |
CIBC $1000 Preferred 7.337% | 5.0% |
Bank Of Nova Scotia 7.023% | 4.9% |
Bank Of Montreal $1000 Preferred 7.057% | 4.8% |
Bank Of Montreal $1000 Preferred 7.37% | 4.7% |
TC Energy Preferred | 3.7% |
CIBC $1000 Preferred 7.365% | 3.2% |
Canadian T-Bill 08-27-25 | 3.1% |
U.S T-Bill 08-28-25 | 2.9% |
Total | 48.6% |
Performance
Inception Date
December 30, 2014
As of Date
June 30, 2025
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
Since Inception (Annualized) |
|
Fund | 1.8% | 2.4% | 4.0% | 12.1% | 7.5% | 11.5% | 3.8% | 3.2% |
Benchmark | 2.8% | 4.6% | 7.3% | 17.2% | 8.8% | 10.6% | 4.7% | 3.6% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Monthly |
Most Recent Distribution per Unit | $0.0381 |
12-Month Trailing Distribution Yield | 4.7% |
Next Record Date | July 24, 2025 |
Next Distribution Date | July 25, 2025 |
Monthly Distributions
Record Date | Distribution Date |
---|---|
January 30, 2025 | January 31, 2025 |
February 27, 2025 | February 28, 2025 |
March 27, 2025 | March 28, 2025 |
April 24, 2025 | April 25, 2025 |
May 29, 2025 | May 30, 2025 |
June 26, 2025 | June 27, 2025 |
July 24, 2025 | July 25, 2025 |
August 28, 2025 | August 29, 2025 |
September 25, 2025 | September 26, 2025 |
October 30, 2025 | October 31, 2025 |
November 27, 2025 | November 28, 2025 |
December 18, 2025 | December 19, 2025 |
Distributions ($)/Unit2 | YTD* | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.2208 | 0.4192 | 0.3340 | 0.3040 | 0.3217 | 0.3305 | 0.3151 | 0.3854 | 0.3809 | 0.2855 | 0.1451 |
Interest | - | 0.0422 | 0.0074 | 0.0027 | 0.0033 | - | - | - | - | - | - |
Dividends | - | 0.3315 | 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 | - | 0.0455 | - | - | 0.0898 | - | - | - | - | - | 0.0013 |