Index Performance: May 2008

Performance of the HIMIPref™ Indices for May, 2008, was:

Total Return
Index Performance
May 2008
Three Months
to
May 30, 2008
Ratchet +1.79% +3.09%
FixFloat -2.37% +0.02%
Floater +10.75% +8.59%
OpRet +0.54% +0.76%
SplitShare +1.52% +0.71%
Interest +1.18% +2.04%
PerpetualPremium +0.46% -0.76%
PerpetualDiscount +1.37% -3.51%
Funds (see below for calculations)
CPD +1.42% -1.52%
DPS.UN +0.98% -0.92%
Index
BMO-CM 50 +1.32% -1.44%

Claymore has published NAV data for its exchange traded fund (CPD) and I have derived the following table:

CPD Return, 1- & 3-month, to May, 2008
Date NAV Distribution Return for Sub-Period Monthly Return
February 29 18.34      
March 26 17.64 0.2082 -2.68% -2.90%
March 31, 2008 17.60   -0.23%
April 30 17.60     0.00%
May 30 17.85 0.00   +1.42%
Quarterly Return -1.52%

The DPS.UN NAV for May 28 has been published so we may calculate the May returns (approximately!) for this closed end fund:

DPS.UN NAV Return, May-ish 2008
Date NAV Distribution Return for period
April 30, 2008 $20.71    
May 28 $20.89   +0.87%
May 30 N/A   +0.11%
Estimated May Return +0.98%
CPD had a NAV of $17.83 on May 28 and $17.85 on May 30. The estimated May end-of-month stub period return for CPD was therefore +0.11%, which is applied to DPS.UN as described above.

Now, to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for March and April:

DPS.UN NAV Returns, three-month-ish to end-April-ish, 2008
March-ish -2.26%
April-ish +0.39%
May-ish +0.98%
Three-months-ish -0.92%

4 Responses to “Index Performance: May 2008”

  1. […] 2008-6-3 : Index performance for May has been […]

  2. […] Now, to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for April and May: […]

  3. […] to see the DPS.UN quarterly NAV approximate return, we refer to the calculations for May and […]

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