North American Financial 15 Split Corp. Pref Shs T.FFN.PR.A

North American Financial 15 Split Corp. is a mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends, the amount of which is fixed on an annual basis and to pay the holders of the preferred shares a certain price per preferred share on or about the termination date. Its investment objectives with respect to class A shares are to provide holders of class A shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company for a specific price per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying a specific price per preferred share. Its investment manager is Quadravest Capital Management Inc.

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North American Financial 15 Split Corp. Pref Shs

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Comment by Jack256on Mar 01, 2019 3:48am

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Post# 29427196

RE:RE:FYI/Portfolio Breakdown for FFN As of Nov/30/2018

Yes it is pretty old, but it is the the most current quarterly report they post with accurate percentages. Top holdings are meaningless without the percentages.

mouserman wrote:

Jack256 wrote:
Bank of America Corp. 9.55%

J.P. Morgan Chase & Co. 9.2%

Wells Fargo & Co. 8.0%

Goldman Sachs Group Inc. 7.6%

Citigroup Inc. 7.5%

Sun Life Financial Inc. 6.8%

Toronto-Dominion Bank 5.9%

Bank of Montreal 5.3%

Bank of Nova Scotia 5.2%

Royal Bank of Canada 5.2%

Canadian Imperial Bank of Commerce 5.1%

US Bancorp 5.1%

Manulife Financial Corporation 4.9%

National Bank of Canada 4.0%

Fifth Third Bancorp. 3.7%

Great-West Lifeco Inc. 1.6%

CI Financial Corp. 1.1%

Total long positions as a percentage of net assets 95.7% Cash 5.0% Other net assets (liabilities) -0.7% 100.0%

That is pretty old, and Quadravest updates the holdings by weighting every month .. last update was to Jan 31.. https://docs.wixstatic.com/ugd/78f11d_ded7a660777c497c8ce3dfa7d78dcd36.pdf
and the weightings were as follows.
BAC
JPM
CITIGROUP
WFC
GS
SLF
TD
BNS
BMO
CIBC
MFC
USB
RY
NA
FITB
FFN NAV actually held up better than FTN NAV today as far as the holdings went... but FTN share price lost less % wise. Not sure i understand the attraction to that one.