This document contains key information you should know about Lysander-Canso Corporate Treasury ActivETF. You can find more details about this exchange-traded fund (ETF) in its prospectus. Ask your representative for a copy, contact Lysander Funds Limited at 1-877-308-6979 or email@example.com, or visit www.lysanderfunds.com.
Before you invest, consider how the ETF would work with your other investments and your tolerance for risk.
|Date ETF Started:||July 29, 2022||Fund Manager:||Lysander Funds Limited|
|Total value on September 30, 2022:||$2,512,514||Portfolio Manager:||Canso Investment Counsel Ltd.|
|Management Expense Ratio (MER):||MER is not available because this ETF is new.||Distributions:||Monthly (any net income and/or return of capital) and in December (any net capital gains)|
|Trading information (12 months ending September 30, 2022)|
|Exchange:||Toronto Stock Exchange (TSX)|
|Pricing information (12 months ending September 30, 2022)|
|Net asset value (NAV):|
|Average bid‐ask spread:|
What does the ETF invest in?
This ETF is an exchange-traded fund that invests primarily in a diversified portfolio of liquid short term fixed income and floating rate debt securities. The ETF may purchase securities of foreign issuers.
The charts below give you a snapshot of the ETF’s investments on September 30, 2022. The ETF’s investments will change.
|Top 10 investments (as of September 30, 2022)|
This information is not available because this ETF is new.
|Investment mix (as of September 30, 2022)|
This information is not available because this ETF is new.
How risky is it?
The value of the ETF can go down as well as up. You could lose money.
One way to gauge risk is to look at how much an ETF’s returns change over time. This is called “volatility”.
In general, ETFs with higher volatility will have returns that change more over time. They typically have a greater chance of losing money and may have a greater chance of higher returns. ETFs with lower volatility tend to have returns that change less over time. They typically have lower returns and may have a lower chance of losing money.
Lysander Funds Limited has rated the volatility of this ETF as Low.
This rating is based on how much the ETF’s returns have changed from year to year. It doesn’t tell you how volatile the ETF will be in the future. The rating can change over time. An ETF with a low risk rating can still lose money.
For more information about the risk rating and specific risks that can affect the ETF’s returns, see the “Risk Factors” section of the ETF’s prospectus.
ETFs do not have any guarantees. You may not get back the amount of money you invest.
How has the ETF performed?
This section tells you how units of the ETF have performed, with returns calculated using the ETF’s net asset value (NAV).
This section tells you how units of the ETF have performed in past calendar years. However, this information is not available because this ETF has not yet completed a calendar year.
Best and worst 3-month returns
This table shows the best and worst returns for units of the ETF in a 3-month period. However, this information is not available because the ETF has not yet completed a calendar year.
This section shows the value and annual compounded rate of return of a hypothetical $1,000 investment in units of the ETF. However, this information is not available because this ETF has not yet completed 12 consecutive months.
ETFs hold a basket of investments, like mutual funds, but trade on exchanges like stocks. Here are a few things to keep in mind when trading ETFs:
ETFs have two sets of prices: market price and NAV.
ETFs are bought and sold on exchanges at the market price. The market price can change throughout the trading day. Factors like supply, demand and changes in the value of an ETF’s investments can affect the market price. You can get price quotes any time during the trading day. Quotes have two parts: bid and ask. The bid is the highest price a buyer is willing to pay if you want to sell your ETF units. The ask is the lowest price a seller is willing to accept if you want to buy ETF units. The difference between the two is called the “bid-ask spread”. In general, a smaller bid-ask spread means the ETF is more liquid. That means you are more likely to get the price you expect.
Net asset value (NAV)
Like mutual funds, ETFs have a NAV. It is calculated after the close of each trading day and reflects the value of an ETF’s investments at that point in time. NAV is used to calculate financial information for reporting purposes – like the returns shown in this document.
There are two main options for placing trades: market orders and limit orders. A market order lets you buy or sell units at the current market price. A limit order lets you set the price at which you are willing to buy or sell units.
In general, market prices of ETFs can be more volatile around the start and end of the trading day. Consider using a limit order or placing a trade at another time during the trading day.
Who is the ETF for?
- plan to hold this investment for the short to medium term; and
- want to primarily receive interest income.
A word about tax
In general, you’ll have to pay income tax on any money you make on an ETF. How much you pay depends on the tax laws where you live and whether or not you hold the ETF in a registered plan, such as a Registered Retirement Savings Plan or a Tax-Free Savings Account.
Keep in mind that if you hold your ETF in a non-registered account, distributions from the ETF are included in your taxable income, whether you get them in cash or have them reinvested.
How much does it cost?
This section shows the fees and expenses you could pay to buy, own and sell units of the ETF. Fees and expenses – including trailing commissions – can vary among ETFs. Higher commissions can influence representatives to recommend one investment over another. Ask about other ETFs and investments that may be suitable for you at a lower cost.
You may have to pay a commission every time you buy and sell units of the ETF. Commissions may vary by brokerage firm. Some brokerage firms may offer commission-free ETFs or require a minimum purchase amount.
You do not pay these expenses directly. They affect you because they reduce the ETF’s returns.
The ETF’s expenses are made up of the management fee, operating expenses and trading costs. The annual management fee for this ETF is 0.25% of the ETF’s value. Because this ETF is new, its operating expenses and trading costs are not yet available.
The trailing commission is an ongoing commission. It is paid for as long as you own the ETF. It is for the services and advice that your representative and their firm provide to you. This ETF doesn’t have a trailing commission.
What if I change my mind?
Under securities law in some provinces and territories, you have the right to cancel your purchase within 48 hours after you receive confirmation of the purchase. In some provinces and territories, you also have the right to cancel a purchase, or in some jurisdictions, claim damages, if the prospectus, ETF Facts or financial statements contain a misrepresentation. You must act within the time limit set by the securities law in your province or territory. For more information, see the securities law of your province or territory or ask a lawyer.
For more information
Contact Lysander Funds Limited or your representative for the ETF’s prospectus and other disclosure documents. These documents and the ETF Facts make up the ETF’s legal documents.