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Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s):  FNCSF

North American Financial 15 Split Corp. is a Canada-based 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 in the amount... see more

TSX:FFN - Post Discussion

North American Financial 15 Split Corp > FTN - FFN comparison ???
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Post by FatTraderDude01 on May 11, 2024 2:08pm

FTN - FFN comparison ???

I am trying to see the differences between FTN and FFN.  I see FFN is slightly more volatile and in an early-mid  stage of its run.

I see the 15 stocks are the same in each so I assume the differences are in the weightings.

Can anyone tell me which, at he mpment, is safer or and which is more prone to growth

Thanks in advance!

FTD
Comment by FatTraderDude01 on May 12, 2024 1:41am
PortfoliosLab says.... The current volatility for Financial 15 Split Corp. (FTN.TO) is 5.63%, while North American Financial 15 Split Corp. (FFN.TO) has a volatility of 12.63%. This indicates that FTN.TO experiences smaller price fluctuations and is considered to be less risky than FFN.TO based on this measure.
Comment by AnEducator on May 13, 2024 9:23am
FFN has higher leverage than FTN, so its NAV rises faster when the markets move higher, but also  drops faster when the markets move lower. The NAV of FTN is higher, so it's dividend is more sustainable than FFN's. . In short, if sustainable dividends are your primary concern, FTN is the better choice. If growth is your primary goal, FFN is the better choice. I would be remiss not ...more  
Comment by mouserman on May 13, 2024 11:17am
Actually the top 15 in each to differ, FFN has more US holdings, MS and USB to be exact, and FTN has more  % of CAD holdings,.  When the US banking sector is doing better than CAD, ( as currently  is the case) The UNIT NAV rises faster , despite the lower UNIT NAV... So this month  (so far) the % of gain is bigger for FFN commons NAV,  59 cents since the last update or ...more  
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