RE:RE:RE:DFN up while NAV drops moreWEll to be clear , they have 15 holdings that they call core holdings, but outside of that they hold about 5 other stocks , at least as per last full report. IF you have the time, look at the FUND update here, and it shows a pie chart . It shows about 84% invested in the 15 core holdings , 11% in cash, and 5 % in non-core holdings.
If you go back to Documents and click on the 3rd page over, it lists the 20 holdings as of Aug 31st.
By the way in that list Suncor was included as a top 15 core holding. Now it is NOT.
If you are basing your NAV estimates on the top 15 you might be close , but can easily be out a few %
AND on my list only 5 of the top 15 are up, and none of the top 7.
CM, BCE,TRI, TELUS AND CIX ARE THON CORE HOLDINGS THAT ARE UP.
DennisDWB wrote:
Just for clarification ... the Fund has 15 Holdings .. 7 of the 15 are higher as of now for the day.
I agree it is valued way higher than LBS ... But since I hold both of them I take risks when investing which most investors do. LBS is down 7 of the 10 holdings...at the end of the day they probably both change.
I just know that when COVID hit us this year all the Split Shares took a **** kicking.
But I know for one thing ... I will get 8 distributions for DFN in 2020 and only 4 for LBS.
Go figure but you just have to keep monitoring the holdings in the fund and by havings investment in both of them DFN has made more money for me
Just my two cents..... but investors should keep monitoring and investing in split share funds as we all know they are good investments.
Good Luck in 2021 with your holdings