Performance of the HIMIPref™ Indices for January, 2009, was:
| Total Return | ||
| Index | Performance January 2009 |
Three Months to January 30, 209 |
| Ratchet | +7.03% | -34.62% |
| FixFloat | +10.59% | -23.58% |
| Floater | -4.35% | -14.04% |
| OpRet | +2.83% | +2.63% |
| SplitShare | +1.75% | +0.46% |
| Interest | +9.18% | -3.88% |
| PerpetualPremium | +6.45%* | +1.18%* |
| PerpetualDiscount | +6.45% | +1.18%% |
| FixedReset | +0.26% | -7.32% |
| * The last member of the PerpetualPremium index was transferred to PerpetualDiscount at the October rebalancing; subsequent performance figures are set equal to the PerpetualDiscount index | ||
| Funds (see below for calculations) | ||
| CPD | +3.26% | -1.52% |
| DPS.UN | +5.71% | -2.78% |
| Index | ||
| BMO-CM 50 | +3.98% | -1.21% |
That, by the way, is the best monthly return for the IndexBearing sub-index on record.
Claymore has published NAV and distribution data for its exchange traded fund (CPD) and I have derived the following table:
| CPD Return, 1- & 3-month, to January 30, 2009 | ||||
| Date | NAV | Distribution | Return for Sub-Period | Monthly Return |
| October 31 | 15.04 | |||
| November 28, 2008 | 13.37 | 0.00 | -11.10% | |
| Dec 24 | 12.92 | 0.2135 | -1.77% | +7.28% |
| Dec 31, 2008 | 14.11 | +9.21% | ||
| January 30, 2009 | 14.57 | 0.00 | +3.26% | |
| Quarterly Return | -1.52% | |||
The DPS.UN NAV for January 28 has been published so we may calculate the January returns (approximately!) for this closed end fund.
| DPS.UN NAV Return, January-ish 2009 | |||
| Date | NAV | Distribution | Return for period |
| December 31, 2008 | 15.64 | ||
| January 28, 2009 | 16.51 | +5.56% | |
| Estimated January Ending Stub | +0.14% | ||
| Estimated January Return | +5.71% | ||
| * CPD had a NAV of $14.55 on January 28 and $14.57 on January 30. Return for this period for CPD was therefore +0.14%. | |||
| The January return for DPS.UN’s NAV is therefore the product of two period returns, +5.56% and +0.14%, to arrive at an estimate for the calendar month of +5.71% | |||
Now, to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for November and December
| DPS.UN NAV Returns, three-month-ish to end-January-ish, 2009 | |
| November-ish | -12.95% |
| December-ish | +5.65% |
| January-ish | +5.71% |
| Three-months-ish | -2.78% |
[…] to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for January and […]