TSX:FFN.PR.A - Post by User
Comment by
agent81on Feb 25, 2011 9:55pm
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Post# 18197775
RE: Mar 1 NAV Reading soon,....
RE: Mar 1 NAV Reading soon,....Guys, There's a bit of misinformation going around the boards on FFN, FTN, LFE and other QV products. I've noticed comments on this a few times in some posts here and other places regarding the holdings and that some of the banks or lifecos may have been divested. Just to clarify the holdings are not fully disclosed in the monthly updates. They are simply an update of the "core holdings". Usually only the top 15 or so for FFN. Before you bash the company for this keep in mind mutual funds only have to disclose their holdings twice a year though of course some choose to do it more often.
Do not take my word for it just go take a simple cross reference between any of the quarterly portfolio disclosures or financials and check against the monthly update from that month. You will clearly see that all the banks and lifecos from the prospectus are right there in the holdings though not necessarily in the updates.
FFN and FTN do hold all the same core stocks all the time, though obviously with different weightings. However the core 15 companies listed in the prospectus do not change. Only 15% of the NAV may be invested in other securities other than the "Portfolio Companies". Of course you all knew this because you read it in the prospectus as the diligent investors that you are before you bought the shares.......you did read the prospectus right???