Performance of the HIMIPref™ Indices for February, 2009, was:
| Total Return | ||
| Index | Performance February 2009 |
Three Months to February 27, 2009 |
| Ratchet | -2.67% | -19.56% |
| FixFloat | -3.20% | -9.65% |
| Floater | +9.73% | +40.84% |
| OpRet | +1.17% | +6.08% |
| SplitShare | -8.14% | +10.66% |
| Interest | -3.74% | +7.19% |
| PerpetualPremium | -3.94%* | +13.18%* |
| PerpetualDiscount | -3.94% | +13.18%% |
| FixedReset | -0.41% | +3.94% |
| * 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 | -1.17% | +9.48% |
| DPS.UN | -1.79% | +9.68% |
| Omega Pref. | N/A | N/A |
| Index | ||
| BMO-CM 50 | -1.52% | +8.95% |
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 February, 2009 | ||||
| Date | NAV | Distribution | Return for Sub-Period | Monthly Return |
| November 28, 2008 | 13.37 | |||
| 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% | |
| February 27, 2009 | 14.40 | 0.00 | -1.17% | |
| Quarterly Return | +9.48% | |||
The DPS.UN NAV for February 25 has been published so we may calculate the February returns (approximately!) for this closed end fund.
| DPS.UN NAV Return, February-ish 2009 | |||
| Date | NAV | Distribution | Return for period |
| January 28, 2009 | 16.51 | ||
| February 25, 2009 | 16.27 | -1.45% | |
| Estimated January Ending Stub * | +0.14% | ||
| Estimated February Ending Stub ** | -0.21% | ||
| Estimated February Return | -1.79% | ||
| * 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%, which is subtracted from the DPS period return. | |||
| ** CPD had a NAV of $14.43 on February 25 and $14.40 on February 27. Return for this period for CPD was therefore -0.21%, which is added to the DPS period return. | |||
| The February return for DPS.UN’s NAV is therefore the product of three period returns, -1.45%, -0.14% and -0.21%, to arrive at an estimate for the calendar month of -1.79% | |||
Now, to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for December and January.
| DPS.UN NAV Returns, three-month-ish to end-January-ish, 2009 | |
| December-ish | +5.65% |
| January-ish | +5.71% |
| February-ish | -1.79% |
| Three-months-ish | +9.68% |
[…] Now, to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for January and February […]
[…] to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for February and […]