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World Financial Split Corp.

 

WFS.PR.A
WFS

Fact SheetFact SheetFund UpdateFund Update

Fund Overview

Overview

The Fund is a split share corporation which invests in common equity securities selected from the ten largest financial services companies by market capitalization in each of Canada, the United States and the Rest of the World. The Fund utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.

Rationale

While the global financial services market has experienced one of the worst financial crises in history, the investment manager believes the global financial services sectors are poised to provide strong returns over the next several years. The preferred shares are appropriate for an investor looking for a more secure investment than common equities with a high level of income. The Class A shares are appropriate for an investor seeking a highly leveraged play on the global financial services industry.

Distributions

Preferred share distributions of $0.525 per share per annum are paid quarterly for a yield of 5.25% on the $10.00 original issue price. Distributions on the Class A shares have been suspended in accordance with the prospectus as the Net Asset Value per unit is less than $15.00.

Portfolio

The portfolio will generally consist of securities selected from the financial services sector with allocations to each geographic region varying based on the Investment Manager’s view on the opportunities and risks of each region.

Top 10 Holdings as of March 31, 2017
Holding Name % of NAV
BANCO SANTANDER, S.A.      6.3%
ROYAL BANK OF CANADA      5.3%
JPMORGAN CHASE & CO.      5.2%
CHINA LIFE INSURANCE CO. LTD. ADR      5.1%
CANADIAN IMPERIAL BANK OF COMMERCE      5.1%
ING GROEP N.V.      5.0%
PRUDENTIAL PLC      4.5%
THE PROGRESSIVE CORP      4.4%
CASH      4.2%
BERKSHIRE HATHAWAY INC.      4.2%
Geographic Allocations

 

 

 Pricing
As of 06-22-2017
Current NAV for WFS.PR.A: $10.00
Market Price: $9.96
Last Traded: 06-27-2017 10:51am
Current NAV for WFS: $3.80
Market Price: $3.70
Last Traded: 06-27-2017 12:18pm
View Historical NAV  
 Quick Facts
Inception Date: 02-17-2004
Total Assets As of 03-31-2017: $28.84 mm
Management Fee: 1.1%
Service Fee Class A: 0.4%
 Distributions & Tax
Current Distributions for WFS.PR.A: $0.13
Current Yield: 5.27%
Current Distributions for WFS: $0.00
Current Yield: 0%
View Historical Distributions  
 News
2017-05-29
WFS: Declares Quarterly Preferred Share Distribution
2017-03-22
WFS: Announces Annual Results
2017-03-06
WFS: Declares Quarterly Preferred Share Distribution
2016-12-05
WFS: Declares Quarterly Preferred Share Distribution
2016-09-06
WFS: Declares Quarterly Preferred Share Distributions
View More News
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