Performance of the HIMIPref™ Indices for May, 2008, was:
| Total Return | ||
| Index | Performance May 2008 |
Three Months to May 30, 2008 |
| Ratchet | +1.79% | +3.09% |
| FixFloat | -2.37% | +0.02% |
| Floater | +10.75% | +8.59% |
| OpRet | +0.54% | +0.76% |
| SplitShare | +1.52% | +0.71% |
| Interest | +1.18% | +2.04% |
| PerpetualPremium | +0.46% | -0.76% |
| PerpetualDiscount | +1.37% | -3.51% |
| Funds (see below for calculations) | ||
| CPD | +1.42% | -1.52% |
| DPS.UN | +0.98% | -0.92% |
| Index | ||
| BMO-CM 50 | +1.32% | -1.44% |
Claymore has published NAV data for its exchange traded fund (CPD) and I have derived the following table:
| CPD Return, 1- & 3-month, to May, 2008 | ||||
| Date | NAV | Distribution | Return for Sub-Period | Monthly Return |
| February 29 | 18.34 | |||
| March 26 | 17.64 | 0.2082 | -2.68% | -2.90% |
| March 31, 2008 | 17.60 | -0.23% | ||
| April 30 | 17.60 | 0.00% | ||
| May 30 | 17.85 | 0.00 | +1.42% | |
| Quarterly Return | -1.52% | |||
The DPS.UN NAV for May 28 has been published so we may calculate the May returns (approximately!) for this closed end fund:
| DPS.UN NAV Return, May-ish 2008 | |||
| Date | NAV | Distribution | Return for period |
| April 30, 2008 | $20.71 | ||
| May 28 | $20.89 | +0.87% | |
| May 30 | N/A | +0.11% | |
| Estimated May Return | +0.98% | ||
| CPD had a NAV of $17.83 on May 28 and $17.85 on May 30. The estimated May end-of-month stub period return for CPD was therefore +0.11%, which is applied to DPS.UN as described above. | |||
Now, to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for March and April:
| DPS.UN NAV Returns, three-month-ish to end-April-ish, 2008 | |
| March-ish | -2.26% |
| April-ish | +0.39% |
| May-ish | +0.98% |
| Three-months-ish | -0.92% |
[…] 2008-6-3 : Index performance for May has been […]
[…] May, 2008 […]
[…] Now, to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for April and May: […]
[…] to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for May and […]