{"id":42130,"date":"2021-04-11T21:10:27","date_gmt":"2021-04-12T02:10:27","guid":{"rendered":"http:\/\/prefblog.com\/?p=42130"},"modified":"2021-04-11T21:10:27","modified_gmt":"2021-04-12T02:10:27","slug":"mapf-performance-march-2021","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=42130","title":{"rendered":"MAPF Performance : March, 2021"},"content":{"rendered":"

Malachite Aggressive Preferred Fund’s Net Asset Value per Unit as of the close March 31, 2021, was $9.6473, after giving effect to a distribution of $0.095825.<\/p>\n

This result is a 3.04% increase over the month (including dividend), vs. +1.83% for TXPR. Quarterly, the fund returned +16.06% vs. TXPR +8.84%. The fun figure is the trailing year’s result: the fund returned an astonishing +83.35% vs. +49.65% for TXPR. Don’t expect that every year! It is amusing to note the quarterly consistence of the fund’s return: it has returned between 16% and 17% for each of the past four quarters!<\/p>\n

I have been ill and – given the time of year – many things have been delayed. I am endeavoring to catch up and will continue this post at a later date.<\/p>\n

Update, 2021-4-18<\/b>:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Returns to March 31, 2021<\/td>\n<\/tr>\n
Period<\/td>\nMAPF<\/strong><\/td>\nTXPR<\/a>*
Total Return<\/td>\n		CPD – according to Blackrock<\/a><\/td>\n<\/tr>\n
One Month<\/td>\n+3.04%<\/strong><\/td>\n+1.83%<\/td>\nN\/A<\/td>\n<\/tr>\n
Three Months<\/td>\n+16.06%<\/strong><\/td>\n+8.84%<\/td>\nN\/A<\/td>\n<\/tr>\n
One Year<\/td>\n+83.35%<\/strong><\/td>\n+49.65%<\/td>\n+48.50%<\/td>\n<\/tr>\n
Two Years (annualized)<\/td>\n+13.34%<\/strong><\/td>\n+8.75%<\/td>\nN\/A<\/td>\n<\/tr>\n
Three Years (annualized)<\/td>\n+3.48%<\/strong><\/td>\n+3.31%<\/td>\n+2.67%<\/td>\n<\/tr>\n
Four Years (annualized)<\/td>\n+5.86%<\/strong><\/td>\n+3.86%<\/td>\nN\/A<\/td>\n<\/tr>\n
Five Years (annualized)<\/td>\n+10.74%<\/strong><\/td>\n+7.23%<\/td>\n+6.69%<\/td>\n<\/tr>\n
Six Years (annualized)<\/td>\n+4.69%<\/strong><\/td>\n+3.03%<\/td>\nN\/A<\/td>\n<\/tr>\n
Seven Years (annualized)<\/td>\n+4.34%<\/strong><\/td>\n+2.44%<\/td>\nN\/A<\/td>\n<\/tr>\n
Eight Years (annualized)<\/td>\n+3.62%<\/strong><\/td>\n+1.83%<\/td>\nN\/A<\/td>\n<\/tr>\n
Nine Years (annualized)<\/td>\n+4.33%<\/strong><\/td>\n+2.36%<\/td>\nN\/A<\/td>\n<\/tr>\n
Ten Years (annualized)<\/td>\n+4.11%<\/strong><\/td>\n+2.58%<\/td>\n+2.08%<\/td>\n<\/tr>\n
Eleven Years (annualized)<\/td>\n+5.69%<\/strong><\/td>\n+3.34%<\/td>\n <\/td>\n<\/tr>\n
Twelve Years (annualized)<\/td>\n+8.56%<\/strong><\/td>\n+4.80%<\/td>\n <\/td>\n<\/tr>\n
Thirteen Years (annualized)<\/td>\n+8.49%<\/strong><\/td>\n+3.24%<\/td>\n <\/td>\n<\/tr>\n
Fourteen Years (annualized)<\/td>\n+7.74%<\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Fifteen Years (annualized)<\/td>\n+7.59%<\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Sixteen Years (annualized)<\/td>\n+7.60%<\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Seventeen Years (annualized)<\/td>\n+7.50%<\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Eighteen Years (annualized)<\/td>\n+9.10%<\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Nineteen Years (annualized)<\/td>\n+8.40%<\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Twenty Years (annualized)<\/td>\n+8.77%<\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n
MAPF returns assume reinvestment of distributions, and are shown after expenses but before fees.<\/em><\/td>\n<\/tr>\n
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<\/a>.<\/em><\/td>\n<\/tr>\n
“TXPR” is the S&P\/TSX Preferred Share Index. It is calculated without accounting for fees, but does assume reinvestment of dividends.<\/em><\/td>\n<\/tr>\n
CPD Returns are for the NAV and are after all fees and expenses. Reinvestment of dividends is assumed.<\/em><\/td>\n<\/tr>\n
Figures for National Bank Preferred Equity Income Fund (formerly Omega Preferred Equity<\/a>) (which are after all fees and expenses) for 1-, 3- and 12-months are +2.05%, +11.75% and +55.34%, respectively, according to Globe & Mail \/ Fundata<\/a> after all fees & expenses<\/i>. Three year performance is +4.91%; five year is +7.86%; ten year is +3.48%<\/p>\n

Figures from Morningstar<\/a> are no longer conveniently available.<\/td>\n<\/tr>\n

Manulife Preferred Income Class Adv has been terminated by Manulife<\/a>. The performance of this fund was last reported here in March, 2018<\/a>.<\/td>\n<\/tr>\n
Figures for Horizons Active Preferred Share ETF (HPR)<\/a> (which are after all fees and expenses) for 1-, 3- and 12-months are +2.34%, +11.3% & +57.86%, respectively. Three year performance is +2.85%, five-year is +7.45%<\/i><\/td>\n<\/tr>\n
Figures for National Bank Preferred Equity Fund<\/a> (formerly Altamira Preferred Equity Fund<\/a>) are +2.24%, +11.37% and +57.83% for one-, three- and twelve months, respectively. Three year performance is +3.06%; five-year is +7.71%.<\/p>\n

Acccording to the fund’s fact sheet as of June 30, 2016<\/a>, 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.<\/p>\n

The last time Altamira Preferred Equity Fund’s performance was reported here was April, 2014<\/a>; performance under the National Bank banner was first reported here May, 2014<\/a>.<\/td>\n<\/tr>\n

The figures for the NAV of BMO S&P\/TSX Laddered Preferred Share Index ETF<\/a> (ZPR) is +57.40% for the past twelve months. Two year performance is +9.57%, three year is +3.01%, five year is +7.83%.<\/i><\/td>\n<\/tr>\n
Figures for Fiera Canadian Preferred Share Class Cg Series F, (formerly Natixis Canadian Preferred Share Class Series F<\/a>) (formerly NexGen Canadian Preferred Share Tax Managed Fund) are no longer available as the Fund is now the property of Canoe Financial<\/a>. The last reported performance for the merged fund was May 2020<\/a>.<\/td>\n<\/tr>\n
Figures for BMO Preferred Share Fund (advisor series) according to BMO<\/a> are +1.74%, +8.46% and +51.80% for the past one-, three- and twelve-months, respectively. Two year performance is +7.07%; three year is +0.81%; five-year is +4.34%.<\/i><\/td>\n<\/tr>\n
Figures for PowerShares Canadian Preferred Share Index Class, Series F<\/a> (PPS) are +51.48% for the past twelve months. The three-year figure is +2.76%; five years is +7.67%<\/i><\/td>\n<\/tr>\n
Figures for the First Asset Preferred Share Investment Trust (PSF.UN)<\/a> are no longer available since the fund has merged with First Asset Preferred Share ETF (FPR)<\/a>.<\/p>\n

Performance for the fund was last reported here in September, 2016<\/a>; the first report of unavailability was in October, 2016<\/a>.<\/i><\/td>\n<\/tr>\n

Figures for Lysander-Slater Preferred Share Dividend Fund<\/a> (Class F) according to the company<\/a> are +3.10%, +14.31% and +54.57% for the past one, three and twelve months, respectively. Three year performance is +1.24%, five-year is +5.78%.<\/i><\/td>\n<\/tr>\n
Figures for the Desjardins Canadian Preferred Share Fund A Class<\/a> (A Class), as reported by the company<\/a> are +1.92%, +8.88% and +47.21% for the past one, three and twelve months, respectively. Two year performance is +7.08%, three-year is +1.30%<\/i><\/td>\n<\/tr>\n
Figures for the RBC Canadian Preferred Share ETF<\/a> (RPF) as reported by Morningstar<\/a> are +2.29%, +11.60% and +58.27% for the past one, three and twelve months, respectively. Three-year performance is +2.52%<\/i><\/td>\n<\/tr>\n
Figures for the Dynamic Active Preferred Shares ETF<\/a> (DXP) are +2.5%, +13.3% and +55.9% for the past one, three and twelve months, respectively. Three-year performance is +3.8%<\/i><\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Malachite Aggressive Preferred Fund’s Net Asset Value per Unit as of the close March 31, 2021, was $9.6473, after giving effect to a distribution of $0.095825. This result is a 3.04% increase over the month …<\/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-42130","post","type-post","status-publish","format-standard","hentry","category-mapf"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/42130","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=42130"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/42130\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}