Q: There are proposed changes with PIC could you clarify the ongoing business. financials for this year and upcoming events.Use as many credits Tks 5i
5i Research Answer:
PIC.A, as a mutual fund, does not really have financials in the typical sense. Its assets are securities of public companies. It reports profit/loss/fees but from an evaluation basis its holdings are what counts. The fund is up 6.7% this year, and 41.88% over 52 weeks. 5-year return is just 6.11%. Indicated yield is 17.90% (it uses leverage). We have no issues with its securities holdings, but with its small size, risk and historical performance we cannot endorse it.