(FFN) North American Financial 15 - Ratings and Ratios

North American Financial 15 Split Corp. (TO:FFN) is an equity mutual fund established by Quadravest Inc. and managed by Quadravest Capital Management Inc. The fund focuses on investments in the public equity markets of the United States and Canada, concentrating on a high-quality portfolio of preferred shares and Class A shares from 15 prominent financial services companies. Its investment strategy combines fundamental equity analysis with covered call writing to optimize returns. Originally known as Financial 15 Split Corp. II, the fund was launched on October 15, 2004, and is incorporated in Canada. Web URL: https://www.financial15.com/Split_ll/fund_info.htm.

Quadravest Inc., with its extensive experience in financial investments, brings a disciplined approach to managing the fund, ensuring alignment with the investment objectives of generating income and preserving capital. The focus on 15 companies allows for a diversified yet concentrated portfolio, balancing risk and return. The use of covered call writing enhances income generation, making the fund attractive for income-focused investors.

Ticker Symbol: FFN, Exchange: TO, Type: common stock, Country Origin: Canada, GICS Sub Industry: Asset Management & Custody Banks.

Technical Data: Average Volume (20d): 404,653, Last Price: 6.96, SMA 20: 7.03, SMA 50: 7.03, SMA 200: 6.02, ATR: 0.16.

Fundamental Data: Market Cap: 367.06M CAD, P/E: 2.42, P/B: 1.20, P/S: 145.31, RoE: 52.26.

3-Month Forecast: The stock is expected to maintain its stable price range near 7.00, supported by its position above the 200-day SMA. The low ATR indicates minimal volatility, suggesting a sideways trend with potential for slight appreciation. The funds strong RoE and low P/E ratio are favorable, though the high P/S ratio could pose risks if sector growth slows.