{"id":2218,"date":"2008-06-02T13:13:09","date_gmt":"2008-06-02T17:13:09","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2218"},"modified":"2008-06-02T13:13:09","modified_gmt":"2008-06-02T17:13:09","slug":"mapf-performance-may-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2218","title":{"rendered":"MAPF Performance: May, 2008"},"content":{"rendered":"

The fund had a very good return in May; very slightly behind CPD (which returned +1.42% on the month). The BMO-CM “50” index return is not yet available; this post will be updated when it is published.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Returns to May, 2008<\/td>\n<\/tr>\n
Period<\/td>\nMAPF<\/strong><\/td>\nIndex<\/td>\n<\/tr>\n
One Month<\/td>\n+1.39%<\/strong><\/td>\n+1.32%<\/td>\n<\/tr>\n
Three Months<\/td>\n-2.53%<\/strong><\/td>\n-1.44%<\/td>\n<\/tr>\n
One Year<\/td>\n+2.70%<\/strong><\/td>\n-1.95%<\/td>\n<\/tr>\n
Two Years (annualized)<\/td>\n+3.93%<\/strong><\/td>\n-0.47%<\/td>\n<\/tr>\n
Three Years (annualized)<\/td>\n+4.36%<\/strong><\/td>\n+0.68%<\/td>\n<\/tr>\n
Four Years (annualized)<\/td>\n+5.79%<\/strong><\/td>\n+2.18%<\/td>\n<\/tr>\n
Five Years (annualized)<\/td>\n+8.73%<\/strong><\/td>\n+2.58%<\/td>\n<\/tr>\n
Six Years (annualized)<\/td>\n+8.35%<\/strong><\/td>\n+3.44%<\/td>\n<\/tr>\n
Seven Years (annualized)<\/td>\n+9.47%<\/strong><\/td>\n+3.21%<\/td>\n<\/tr>\n
The Index is the BMO-CM “50”<\/em><\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Returns assume reinvestment of dividends, and are shown after expenses but before fees. Past performance is not a guarantee of future performance. You can lose money investing in Malachite Aggressive Preferred Fund or any other fund. For more information, see the fund’s main page<\/a>.<\/p>\n

The yields available on high quality preferred shares remain elevated, which is reflected in the current estimate of sustainable income<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n\n\n
Calculation of MAPF Sustainable Income Per Unit<\/td>\n<\/tr>\n
Month<\/td>\nNAVPU<\/td>\nPortfolio
\nAverage
\nYTW<\/td>\n		Leverage
\nDivisor<\/td>\n		Securities
Average
YTW<\/td>\n		Sustainable
\nIncome<\/td>\n<\/tr>\n
June, 2007<\/td>\n9.3114<\/td>\n5.16%<\/td>\n1.03<\/td>\n5.01%<\/td>\n0.4665<\/td>\n<\/tr>\n
September<\/td>\n9.1489<\/td>\n5.35%<\/td>\n0.98<\/td>\n5.46%<\/td>\n0.4995<\/td>\n<\/tr>\n
December, 2007<\/td>\n9.0070<\/td>\n5.53%<\/td>\n0.942<\/td>\n5.87%<\/td>\n0.5288<\/td>\n<\/tr>\n
March, 2008<\/td>\n8.8512<\/td>\n6.17%<\/td>\n1.047<\/td>\n5.89%<\/td>\n0.5216<\/td>\n<\/tr>\n
May, 2008<\/td>\n9.0394<\/td>\n5.797%<\/td>\n0.996<\/td>\n5.82%<\/td>\n0.5261<\/td>\n<\/tr>\n
NAVPU is shown after quarterly distributions.<\/em>
“Portfolio YTW” includes cash (or margin borrowing), with an assumed interest rate of 0.00%<\/em>
“Securities YTW” divides “Portfolio YTW” by the “Leverage Divisor” to show the average YTW on the securities held<\/em><\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Update, 2008-6-3<\/b> : Index performance for May<\/a> has been posted. MAPF Portfolio Composition<\/a>, as has a similar analysis for CPD, the exchange traded fund<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fund had a very good return in May; very slightly behind CPD (which returned +1.42% on the month). The BMO-CM “50” index return is not yet available; this post will be updated when it …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-2218","post","type-post","status-publish","format-standard","hentry","category-mapf"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2218","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=2218"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2218\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}