{"id":18166,"date":"2012-03-21T20:33:54","date_gmt":"2012-03-22T00:33:54","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=18166"},"modified":"2012-03-21T20:33:54","modified_gmt":"2012-03-22T00:33:54","slug":"lfe-annual-report-2011","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=18166","title":{"rendered":"LFE Annual Report 2011"},"content":{"rendered":"<p>Canadian Life Companies Split Inc. has released its <a href=\"http:\/\/www.lifesplit.com\/pdf\/LFE%20annual%202011.pdf\">Annual Report to November 30, 2011<\/a>.<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td colspan=\"4\">LFE \/ LFE.PR.A Performance<\/td>\n<\/tr>\n<tr>\n<td>Instrument<\/td>\n<td>One<br \/>Year<\/td>\n<td>Three<br \/>Years<\/td>\n<td>Five<br \/>Years<\/td>\n<\/tr>\n<tr>\n<td>Whole Unit<\/td>\n<td>-18.74%<\/td>\n<td>-7.33%<\/td>\n<td>-10.52%<\/td>\n<\/tr>\n<tr>\n<td>LFE.PR.A<\/td>\n<td>+5.38%<\/td>\n<td>+5.38%<\/td>\n<td>+5.38%<\/td>\n<\/tr>\n<tr>\n<td>LFE<\/td>\n<td>-78.56%<\/td>\n<td>-45.52%<\/td>\n<td>-40.10%<\/td>\n<\/tr>\n<tr>\n<td>S&#038;P\/TSX Financial Index<\/td>\n<td>-2.86%<\/td>\n<td>+16.05%<\/td>\n<td>-0.46%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>The S&#038;P\/TSX Financial Index is not a particularly well-matched index, as it will be dominated by banks, but we do what we can! Canadian Banc Corp. <a href=\"http:\/\/www.prefblog.com\/?p=18073\">has the opposite problem<\/a>. Note that at year-end, the portfolio was about 18.6% banks and 6.6% cash.<\/p>\n<p>Figures of interest are:<\/p>\n<p>MER: 1.14% of thw whole unit value, excluding one time initial offering expenses.<\/p>\n<p>Average Net Assets: We need this to calculate portfolio yield. The number of units changed only very slightly over the year, so the average of the beginning and end of year&#8217;s net assets will be close enough: ($116.1-million + $150.4-million) \/ 2 = $133.2-million.<\/p>\n<p>Underlying Portfolio Yield: Dividends received (net of withholding) of 5,995,631 divided by average net assets of 133.2-million is 4.50%<\/p>\n<p>Income Coverage: Net Investment Income of 4,290,246 divided by Preferred Share Distributions of 5,614,485 is 76%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian Life Companies Split Inc. has released its Annual Report to November 30, 2011. LFE \/ LFE.PR.A Performance Instrument OneYear ThreeYears FiveYears Whole Unit -18.74% -7.33% -10.52% LFE.PR.A +5.38% +5.38% +5.38% LFE -78.56% -45.52% -40.10% &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-18166","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18166"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18166\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}