Malachite Aggressive Preferred Fund’s Net Asset Value per Unit as of the close July 31, 2024, was $10.1165.
I regret to say that I am horribly far behind on my month-end duties this month and therefore this report is both late and grievously abbreviated. I can’t do much about the former at this point, but the latter problem will be fixed when time permits.
| Returns to July 31, 2024 | ||||
| Period | MAPF | TXPR* Total Return |
CPD – according to Blackrock | |
| One Month | +2.69% | +2.25% | N/A | |
| Three Months | +4.81% | +5.23% | N/A | |
| One Year | +30.89% | +21.70% | +20.91% | |
| Two Years (annualized) | +12.28% | +6.15% | N/A | |
| Three Years (annualized) | +3.90% | +1.62% | +1.08% | |
| Four Years (annualized) | +14.79% | +7.96% | N/A | |
| Five Years (annualized) | +10.18% | +5.76% | +5.16% | |
| Six Years (annualized) | +4.92% | +3.10% | N/A | |
| Seven Years (annualized) | +5.71% | +3.40% | N/A | |
| Eight Years (annualized) | +8.25% | +5.00% | N/A | |
| Nine Years (annualized) | +6.53% | +4.15% | N/A | |
| Ten Years (annualized) | +4.67% | +2.47% | +1.97% | |
| Eleven Years (annualized) | +5.09% | +2.68% | ||
| Twelve Years (annualized) | +4.83% | +2.49% | ||
| Thirteen Years (annualized) | +4.67% | +2.63% | ||
| Fourteen Years (annualized) | +5.43% | +3.17% | ||
| Fifteen Years (annualized) | +6.07% | +3.48% | ||
| Sixteen Years (annualized) | +8.68% | +3.63% | ||
| Seventeen Years (annualized) | +7.69% | +2.89% | ||
| Eighteen Years (annualized) | +7.57% | |||
| Nineteen Years (annualized) | +7.41% | |||
| Twenty Years (annualized) | +7.40% | |||
| Twenty-One Years (annualized) | +7.94% | |||
| Twenty-Two Years (annualized) | +8.18% | |||
| Twenty-Three Years (annualized) | +8.32% | |||
| MAPF returns assume reinvestment of distributions, and are shown after expenses but before fees. | ||||
| The BMO Capital Markets “50” Preferred Share Index is no longer being calculated. The final performance report incorporating this venerable index was published as of December, 2020. | ||||
| “TXPR” is the S&P/TSX Preferred Share Index. It is calculated without accounting for fees, but does assume reinvestment of dividends. | ||||
| CPD Returns are for the NAV and are after all fees and expenses. Reinvestment of dividends is assumed. | ||||
| Figures for NBI Preferred Equity Income Fund, Series F [NBC780] (formerly Omega Preferred Equity) (which are after all fees and expenses) for 1-, 3- and 12-months are +%, +% and +%, respectively, according to National Bank Investments after all fees & expenses. Three year performance is +%; five year is +%; ten year is +%.
Figures from Morningstar are no longer conveniently available. |
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| Manulife Preferred Income Class Adv has been terminated by Manulife. The performance of this fund was last reported here in March, 2018. | ||||
| Figures for Horizons Active Preferred Share ETF (HPR) (which are after all fees and expenses) for 1-, 3- and 12-months are +2.04%, +4.56% & +25.57%, respectively. Three year performance is +2.77%, five-year is +7.34%, ten year is +3.51% | ||||
| Figures for NBI Preferred Equity Fund Series F [NBC710] (formerly Altamira Preferred Equity Fund) are +%, +% and +% for one-, three- and twelve months, respectively. Three year performance is +%; five-year is +%; ten-year is +%
Acccording to the fund’s fact sheet as of June 30, 2016, the fund’s inception date was October 30, 2015. I do not know how they justify this nonsensical statement, but will assume that prior performance is being suppressed in some perfectly legal manner that somebody at National considers ethical. The last time Altamira Preferred Equity Fund’s performance was reported here was April, 2014; performance under the National Bank banner was first reported here May, 2014. |
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| The figures for the NAV of BMO Laddered Preferred Share Index ETF (ZPR) is +23.36% for the past twelve months. Two year performance is +6.98%, three year is +2.51%, five year is +6.91%, ten year is +1.98%
Note that analysis of ZPR shows some doubt as to whether this fund is either "laddered" or an "index fund". However, there was a remarkable improvement in the laddering in the six months following the publication of my analysis. |
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| Figures for Fiera Canadian Preferred Share Class Cg Series F, (formerly Natixis Canadian Preferred Share Class Series F) (formerly NexGen Canadian Preferred Share Tax Managed Fund) are no longer available as the Fund is now the property of Canoe Financial. The last reported performance for the merged fund was May 2020. | ||||
| Figures for BMO Preferred Share Fund (advisor series) according to BMO (Morningstar states there is “No Data Available) are +1.72%, +3.15% and +16.37% for the past one-, three- and twelve-months, respectively. Three year performance is -1.04%; five-year is +3.39%; ten-year is +0.38%. | ||||
| Figures for PowerShares Canadian Preferred Share Index Class, Series F (PPS) are no longer available since the fund has been terminated. Performance was last reported for the fund to month-end, March 2023 | ||||
| Figures for the First Asset Preferred Share Investment Trust (PSF.UN) are no longer available since the fund has merged with First Asset Preferred Share ETF (FPR).
Performance for the fund was last reported here in September, 2016; the first report of unavailability was in October, 2016. |
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| Figures for Lysander-Slater Preferred Share Dividend Fund (Class F) according to the company are +2.3%, +4.5% and +23.6% for the past one, three and twelve months, respectively. Three year performance is +2.5%, five-year is +6.4%. | ||||
| Figures for the Desjardins Canadian Preferred Share Fund F Class (F Class), as reported by the company are +2.27%, +5.64% and +21.83% for the past one, three and twelve months, respectively. Two year performance is +6.78%, three-year is +1.67%, five-year is +5.73% | ||||
| Figures for the RBC Canadian Preferred Share ETF (RPF) are reported by Morningstar as being “No Data Available and RBC figures only extend to 2024-6-30. Ain’t Canadian banks wonderful? I don’t feel as bad about my late reporting any more. as -%, +% and +% for the past one, three and twelve months, respectively. Three-year performance is +%, five-year is +% | ||||
| Figures for the Dynamic Active Preferred Shares ETF (DXP) are -%, +% and +% for the past one, three and twelve months, respectively. Three-year performance is +%; five-year is +% | ||||
| Figures for the Purpose Canadian Preferred Share Fund (Class F) are +1.26%, +3.32% and +23.95% for the past one, three and twelve months, respectively. Three-year performance is +2.02%; four-year is +12.28%; five-year is +8.14%; seven-year is +3.50%; ten-year is +5.13%. | ||||
The five-year Canada yield increased, with the five-year Canada yield (“GOC-5”) moving from 3.41% at June month-end to 3.24% at July month-end (n.b. – these are the figures used by HIMIPref™, which may lag daily market changes).