In a recent trade, I purchased 100 shares of Boston Pizza Royalties Income Fund, which you can read about here. The fund (BPF.UN) makes money as a percentage of gross sales. The fund has only administrative expenses and payment on debt. The fund does not receive the entire 100% percent of the royalties paid from the franchises.
I recently sold this position of 100 shares at $20.42 a share.
Cost : 2014.95 including commissions
Sale : 2037.05 including commissions
Profit : $22.10
ROI : 1.10 %
This is a very small return but I will take $22.10 over nothing or a loss.
Disclosure: I am still long BPF.UN in my TFSA, which I have owned since March 2010.