Overview
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Asset ClassPreferred Shares
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CIFSC CategoryPreferred Share Fixed Income
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Risk RatingMedium
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Number of Securities109
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Current Yield
(Before fees)6.0%
Objectives
The ActivETF seeks to generate income while preserving investor capital by investing primarily in preferred shares of Canadian entities that are listed on a Canadian stock exchange.
Investment Focus
The ETF seeks to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.
ETF Facts
August 31, 2023| Inception Date | August 10, 2015 |
| Currency | CAD |
| ETF AUM | $67.7 Million |
| NAVPU | $7.78 |
| Management Fee | 0.65% |
| MER as of June 30, 2023 (unaudited) | 0.93% |
| Liquidity | Daily |
| RRSP Eligible | Yes |
| Closing Market Price on TSX | $7.77 |
Portfolio Characteristics
| Number of Securities | 109 |
| Current Yield (%) | 6.0% |
Portfolio
Top 10 Holdings
| Security | % of Fund |
|---|---|
| Cash & Equivalent | 3.1% |
| TC Energy Corp Preferred | 2.8% |
| Bank Of Montreal $1000 Preferred 7.057% | 2.7% |
| Bank Of Montreal $1000 Preferred 7.37% | 2.6% |
| Royal Bank Of Canada 4.5% Lrcn | 2.6% |
| Canada 3Mth T-Bill (09/14/2023) | 2.5% |
| TC Energy Corp Preferred | 2.4% |
| CIBC $1000 Preferred 7.37% | 2.2% |
| TD Bank $1000 Preferred 7.23% | 2.2% |
| Altagas Ltd Preferred | 2.1% |
| Total | 25.2% |
Performance
Inception Date
August 10, 2015
As of Date
August 31, 2023
Compound Returns
| 1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
|
| ETF | -3.2% | -1.1% | -0.7% | -11.0% | 4.7% | -1.5% | 1.5% |
| Benchmark | -4.2% | -1.6% | -2.7% | -12.3% | 0.8% | -1.3% | 1.6% |
Calendar Year Returns
Distributions
Distributions
| Distribution Frequency | Monthly |
| Most Recent Distribution per Unit | $0.0320 |
| 12-Month Trailing Distribution Yield | 4.9% |
| Next Record Date | September 29, 2023 |
| Next Distribution Date | October 10, 2023 |
Monthly Distributions
| Record Date | Distribution Date | Distribution Rate/Unit |
|---|---|---|
| January 31, 2023 | February 10, 2023 | $0.0340 |
| February 28, 2023 | March 10, 2023 | $0.0340 |
| March 31, 2023 | April 10, 2023 | $0.0340 |
| April 28, 2023 | May 10, 2023 | $0.0290 |
| May 31, 2023 | June 12, 2023 | $0.0290 |
| June 30, 2023 | July 10, 2023 | $0.0290 |
| July 31, 2023 | August 10, 2023 | $0.0320 |
| August 31, 2023 | September 11, 2023 | $0.0320 |
| September 29, 2023 | October 10, 2023 | $0.0320 |
| October 31, 2023 | November 10, 2023 | TBD |
| November 30, 2023 | December 11, 2023 | TBD |
| December 29, 2023 | January 10, 2024 | TBD |
| Distributions ($)/Unit2 | YTD* | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Total Distributions | 0.2530 | 0.4110 | 0.3950 | 0.4290 | 0.4190 | 0.4145 | 0.7156 | 0.3730 | 0.1110 |
| Interest | - | - | - | - | - | - | - | - | - |
| Dividends | - | 0.3393 | 0.3050 | 0.3847 | 0.3726 | 0.3225 | 0.2692 | 0.3590 | 0.1050 |
| Capital Gains | - | - | - | - | - | 0.0596 | 0.4365 | - | - |
| Withholding Tax | - | - | - | - | - | - | - | - | - |
| Return of Capital | - | 0.0717 | 0.0900 | 0.0443 | 0.0464 | 0.0324 | 0.0099 | 0.0140 | 0.0060 |
Documents
ETF Profile
Regulatory Documents
Final Tax Factors
Announcements
Resources
Lysander Announces Cash Distributions for the Lysander ActivETFs
TORONTO, July 21, 2023 /CNW/ ‐ Lysander Funds Limited (“Lysander”) announces the July, August, and September 2023 cash distributions for each of Lysander‐Slater Preferred Share ActivETF, Lysander‐Canso Corporate Treasury ActivETF and Lysander‐Canso Floating Rate ActivETF (TSX Symbols: PR; LYCT; LYFR, respectively)…
Slater Quarterly Recap – July 2023
The Canadian Preferred Share market lost ground in April and May, but recovered some of those losses in June. Overall, the S&P/TSX Preferred Share Total Return Index (the “Index”) was down 2.07% in Q2/23. Similarly, Series…
Lysander Funds Limited Announces Changes to Lysander-Slater Preferred Share ActivETF
TORONTO, Ontario – June 19, 2023 – Lysander Funds Limited (“Lysander”) announced today changes in the investment strategies of Lysander-Slater Preferred Share ActivETF (the “Lysander ActivETF”). The Lysander ActivETF may invest up to 30% of its net asset value,…
Lysander Announces Cash Distributions for the Lysander ActivETFs April 21, 2023
TORONTO, April 21, 2023 /CNW/ ‐ Lysander Funds Limited (“Lysander”) announces the April, May, and June 2023 cash distributions for each of Lysander-Slater Preferred Share ActivETF, Lysander-Canso Corporate Treasury ActivETF and Lysander-Canso Floating Rate ActivETF (TSX Symbols: PR;…
Slater Quarterly Recap – April 2023
The Canadian Preferred Share market started off strongly in January, but then lost some ground in February and March. Overall however, the S&P/TSX Preferred Share Total Return Index (the “Index”) posted a 2.27% gain in the…
Lysander Announces Cash Distributions for the Lysander ActivETFs
TORONTO, January 24, 2023 /CNW/ ‐ Lysander Funds Limited (“Lysander”) announces the January, February, and March 2023 cash distributions for each of Lysander‐Slater Preferred Share ActivETF, Lysander‐Canso Corporate Treasury ActivETF and Lysander‐Canso Floating Rate ActivETF (TSX Symbols: PR; LYCT; LYFR, respectively)…