Strathbridge Asset Management
FAQ Advisor Login Print
Home Funds Insights About Us Education & Tools Contact Us   Search
Fund Overview
Fund Features
NAVs
Distributions
Portfolio Manager Updates
Portfolio
Press Releases
Administration Governance
Financial Regulatory
Prospectus

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 September 30, 2018
Holding Name % of NAV
Cash      10.3%
JPMorgan Chase & Co.      7.5%
Berkshire Hathaway Inc. Cl B      6.5%
Bank of Montreal      6.3%
Royal Bank of Canada      6.2%
U.S. Bancorp      6.0%
Torchmark Corp      5.5%
Aon PLC      5.4%
The PNC Financial Services Group, Inc.      5.3%
The Toronto-Dominion Bank      5.2%
Geographic Allocations

 

 

 Pricing
As of 12/06/2018
Current NAV for WFS.PR.A: $10.00
Market Price: $9.85
Last Traded: 12/12/2018
Current NAV for WFS: $3.29
Market Price: $2.50
Last Traded: 12/13/2018
View Historical NAV  
 Quick Facts
Inception Date: 02/17/2004
Total Assets As of 09/30/2018: $16.14 mm
Management Fee: 1.1%
Service Fee Class A: 0.4%
 Distributions & Tax
Current Distributions for WFS.PR.A: $0.13
Current Yield: 5.33%
Current Distributions for WFS: $0.00
Current Yield: 0%
View Historical Distributions  
 News
12/4/2018
WFS: Declares Quarterly Preferred Share Distribution
9/4/2018
WFS: Declares Quarterly Preferred Share Distribution
8/24/2018
WFS: Announces Semi-Annual Results
6/25/2018
WFS: Announces Partial Redemption of Preferred Sgares
6/4/2018
WFS: Declares Quarterly Preferred Share Distribution
View More News
© 2018 Strathbridge Asset Management Inc.         Privacy     |    Legal     |    Trade Matching Statement