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 Securities107
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Current Yield5.8%
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, 2022Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $64.1 Million |
NAVPU | $7.57 |
Management Fee | 1.25% |
MER as of June 30, 2022 (unaudited) | 1.50% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics
Number of Securities | 107 |
Current Yield (%) | 5.8% |
Portfolio
Top 10 Holdings
Security | % of Fund |
---|---|
RBC PFD | 3.4% |
FAIRFAX FINANCIAL PFD | 2.9% |
BMO PFD | 2.4% |
TD PFD | 2.3% |
FAIRFAX FINANCIAL PFD SERIES G | 2.3% |
EMERA PFD | 2.1% |
CENOVUS ENERGY PFD | 2.1% |
ARTIS REIT PFD | 2.1% |
NORTHLAND POWER PFD | 2.1% |
FORTIS INC. PFD | 2.0% |
Total | 23.7% |
Performance
Inception Date
December 30, 2014
As of Date
December 31, 2022
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
|
Fund | -1.4% | -4.3% | -18.9% | -18.9% | 0.8% | -1.6% | 0.1% |
Benchmark | -1.7% | -3.2% | -18.1% | -18.1% | 1.2% | -0.2% | 0.3% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Monthly |
Most Recent Distribution per Unit | $0.0000 |
12-Month Trailing Distribution Yield | 4.0% |
Next Record Date | January 26, 2023 |
Next Distribution Date | January 27, 2023 |
Monthly Distributions
Record Date | Distribution Date |
---|---|
January 27, 2022 | January 28, 2022 |
February 24, 2022 | February 25, 2022 |
March 24, 2022 | March 25, 2022 |
April 28, 2022 | April 29, 2022 |
May 26, 2022 | May 27, 2022 |
June 23, 2022 | June 24, 2022 |
July 28, 2022 | July 29, 2022 |
August 25, 2022 | August 26, 2022 |
September 29, 2022 | September 30, 2022 |
October 27, 2022 | October 28, 2022 |
November 24, 2022 | November 25, 2022 |
December 15, 2022 | December 16, 2022 |
Distributions ($)/Unit3 | YTD* | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|
Total Distributions | 0.3040 | 0.3217 | 0.3305 | 0.3151 | 0.3854 | 0.3809 | 0.2855 | 0.1451 |
Interest | - | 0.0033 | - | - | - | - | - | - |
Dividends | - | 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 |