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 Securities100
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Current Yield6.2%
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
August 31, 2023Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $59.9 Million |
NAVPU | $7.42 |
Management Fee | 0.75% |
MER as of June 30, 2023 (unaudited) | 0.99% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Portfolio Characteristics
Number of Securities | 100 |
Current Yield (%) | 6.2% |
Portfolio
Top 10 Holdings
Security | % of Fund |
---|---|
Canadian Dollar | 4.5% |
Bank Of Montreal $1000 Preferred 7.057% | 3.1% |
Bank Of Montreal $1000 Preferred 7.37% | 2.9% |
TC Energy Corp Preferred | 2.8% |
Royal Bank Of Canada 4.5% Lrcn | 2.6% |
CIBC $1000 Preferred 7.37% | 2.5% |
TD Bank $1000 Preferred 7.23% | 2.5% |
TC Energy Corp Preferred | 2.4% |
Altagas Ltd Preferred | 2.2% |
Canada 3Mth T-Bill (09/14/2023) | 2.0% |
Total | 27.5% |
Performance
Inception Date
December 30, 2014
As of Date
August 31, 2023
Compound Returns
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
|
Fund | -3.2% | -1.1% | -0.7% | -11.1% | 4.7% | -1.7% | 0.5% |
Benchmark | -4.2% | -1.6% | -2.7% | -12.3% | 0.8% | -1.3% | 0.0% |
Calendar Year Returns
Distributions
Distributions
Distribution Frequency | Monthly |
Most Recent Distribution per Unit | $0.0307 |
12-Month Trailing Distribution Yield | 4.4% |
Next Record Date | September 28, 2023 |
Next Distribution Date | September 29, 2023 |
Monthly Distributions
Record Date | Distribution Date |
---|---|
January 26, 2023 | January 27, 2023 |
February 23, 2023 | February 24, 2023 |
March 30, 2023 | March 31, 2023 |
April 27, 2023 | April 28, 2023 |
May 25, 2023 | May 26, 2023 |
June 29, 2023 | June 30, 2023 |
July 27, 2023 | July 28, 2023 |
August 24, 2023 | August 25, 2023 |
September 28, 2023 | September 29, 2023 |
October 26, 2023 | October 27, 2023 |
November 23, 2023 | November 24, 2023 |
December 14, 2023 | December 15, 2023 |
Distributions ($)/Unit2 | YTD* | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.2359 | 0.3243 | 0.3440 | 0.3525 | 0.3533 | 0.4238 | 0.4321 | 0.3228 | 0.1809 |
Interest | - | 0.0029 | 0.0036 | - | - | - | - | - | - |
Dividends | - | 0.3213 | 0.2444 | 0.3525 | 0.3533 | 0.3174 | 0.3319 | 0.3228 | 0.1793 |
Capital Gains | - | - | - | - | - | 0.1064 | 0.1002 | - | - |
Withholding Tax | - | - | - | - | - | - | - | - | - |
Return of Capital | - | - | 0.0961 | - | - | - | - | - | 0.0016 |