Overview
-
Asset ClassPreferred Shares
-
CIFSC CategoryPreferred Share Fixed Income
-
Risk RatingMedium
-
Number of Securities100
-
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 | $0.0307 |
12-Month Trailing Distribution Yield | 4.4% |
Next Record Date | September 28, 2023 |
Next Distribution Date | September 29, 2023 |
Monthly Distributions
Record Date | Distribution Date |
---|---|
January 25, 2024 | January 26, 2024 |
February 22, 2024 | February 23, 2024 |
March 21, 2024 | March 22, 2024 |
April 25, 2024 | April 26, 2024 |
May 30, 2024 | May 31, 2024 |
June 27, 2024 | June 28, 2024 |
July 25, 2024 | July 26, 2024 |
August 29, 2024 | August 30, 2024 |
September 26, 2024 | September 27, 2024 |
October 24, 2024 | October 25, 2024 |
November 28, 2024 | November 29, 2024 |
December 19, 2024 | December 20, 2024 |
Distributions ($)/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 |