| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1065 % | 2,074.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1065 % | 3,806.9 |
| Floater | 5.90 % | 6.04 % | 49,616 | 13.78 | 4 | -0.1065 % | 2,193.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0711 % | 3,478.3 |
| SplitShare | 4.73 % | 3.95 % | 38,719 | 3.68 | 6 | 0.0711 % | 4,153.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0711 % | 3,241.0 |
| Perpetual-Premium | 5.57 % | -0.12 % | 56,128 | 0.09 | 11 | 0.0179 % | 3,069.7 |
| Perpetual-Discount | 5.21 % | 5.26 % | 69,426 | 15.06 | 24 | -0.0018 % | 3,354.8 |
| FixedReset Disc | 5.50 % | 5.37 % | 172,328 | 14.85 | 64 | -0.1350 % | 2,180.6 |
| Deemed-Retractible | 5.11 % | 5.22 % | 78,180 | 14.91 | 27 | 0.0340 % | 3,271.8 |
| FloatingReset | 5.98 % | 5.98 % | 62,813 | 13.94 | 3 | 0.7807 % | 2,559.9 |
| FixedReset Prem | 5.08 % | 3.38 % | 133,082 | 1.45 | 22 | -0.0071 % | 2,661.6 |
| FixedReset Bank Non | 1.93 % | 3.18 % | 74,237 | 1.92 | 3 | -0.1354 % | 2,753.6 |
| FixedReset Ins Non | 5.32 % | 5.34 % | 112,625 | 14.75 | 22 | -0.2066 % | 2,202.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.C | FixedReset Ins Non | -2.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 17.82 Evaluated at bid price : 17.82 Bid-YTW : 5.57 % |
| BAM.PR.T | FixedReset Disc | -2.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 15.52 Evaluated at bid price : 15.52 Bid-YTW : 5.90 % |
| NA.PR.W | FixedReset Disc | -1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 16.67 Evaluated at bid price : 16.67 Bid-YTW : 5.39 % |
| PWF.PR.P | FixedReset Disc | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 13.33 Evaluated at bid price : 13.33 Bid-YTW : 5.47 % |
| MFC.PR.G | FixedReset Ins Non | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 19.29 Evaluated at bid price : 19.29 Bid-YTW : 5.51 % |
| BAM.PR.C | Floater | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 11.39 Evaluated at bid price : 11.39 Bid-YTW : 6.16 % |
| BAM.PR.K | Floater | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 11.55 Evaluated at bid price : 11.55 Bid-YTW : 6.07 % |
| BAM.PF.B | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 18.52 Evaluated at bid price : 18.52 Bid-YTW : 5.57 % |
| CIU.PR.A | Perpetual-Discount | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 21.59 Evaluated at bid price : 21.85 Bid-YTW : 5.26 % |
| BAM.PF.A | FixedReset Disc | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 5.54 % |
| SLF.PR.H | FixedReset Ins Non | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 16.23 Evaluated at bid price : 16.23 Bid-YTW : 5.35 % |
| TD.PF.E | FixedReset Disc | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 19.56 Evaluated at bid price : 19.56 Bid-YTW : 5.38 % |
| TRP.PR.A | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 14.95 Evaluated at bid price : 14.95 Bid-YTW : 5.61 % |
| HSE.PR.G | FixedReset Disc | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 18.79 Evaluated at bid price : 18.79 Bid-YTW : 6.54 % |
| PWF.PR.Q | FloatingReset | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 13.70 Evaluated at bid price : 13.70 Bid-YTW : 5.98 % |
| EMA.PR.F | FixedReset Disc | 2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 5.64 % |
| BAM.PR.B | Floater | 2.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 11.60 Evaluated at bid price : 11.60 Bid-YTW : 6.04 % |
| TRP.PR.G | FixedReset Disc | 3.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 5.73 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.D | FixedReset Disc | 72,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 5.28 % |
| RY.PR.J | FixedReset Disc | 56,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 5.23 % |
| TRP.PR.A | FixedReset Disc | 48,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 14.95 Evaluated at bid price : 14.95 Bid-YTW : 5.61 % |
| NA.PR.E | FixedReset Disc | 44,425 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 5.45 % |
| BMO.PR.F | FixedReset Disc | 34,754 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 23.06 Evaluated at bid price : 24.55 Bid-YTW : 4.91 % |
| BAM.PR.N | Perpetual-Discount | 30,641 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-02-10 Maturity Price : 22.00 Evaluated at bid price : 22.23 Bid-YTW : 5.40 % |
| There were 27 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| IFC.PR.C | FixedReset Ins Non | Quote: 17.82 – 18.39 Spot Rate : 0.5700 Average : 0.3795 YTW SCENARIO |
| TRP.PR.D | FixedReset Disc | Quote: 16.70 – 17.04 Spot Rate : 0.3400 Average : 0.1984 YTW SCENARIO |
| BAM.PR.T | FixedReset Disc | Quote: 15.52 – 15.96 Spot Rate : 0.4400 Average : 0.3176 YTW SCENARIO |
| EIT.PR.B | SplitShare | Quote: 25.71 – 26.09 Spot Rate : 0.3800 Average : 0.2692 YTW SCENARIO |
| IAF.PR.B | Deemed-Retractible | Quote: 22.33 – 22.64 Spot Rate : 0.3100 Average : 0.2008 YTW SCENARIO |
| BIP.PR.A | FixedReset Disc | Quote: 20.62 – 20.99 Spot Rate : 0.3700 Average : 0.2708 YTW SCENARIO |
Hi all,
Looking at adding to HPR ETF. I don’t think rates are going much lower and it has a nice 5.3% ytm. Plmk any thoughts on int rates and if now is a good time to add. thx
hello jimmy , i think that the amount of debt around the world will keep growing , that debt reduces the amount of economic growth , so the cent banks around the world will keep pumping in the liquidity and keep rates low . i think our rates will slowly drop over time . you ask , is now a good time to add , all i can tell you is i am continuing to buy canadian div stocks com and pref . 1 question i have about hpr , is it all dividends they pay and so eligible for the tax credit , or is some return of capital , and foreign income ?
Hi baffled,
Thanks. HPR is a Cdn preferred share ETF from Horizons. Their div is similar to the divs of the underlying cdn PS they hold and eligible for the DTC. No or little ROC usually.