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 Securities88
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Current Yield
(Before fees)5.7%
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, 2024| Inception Date | August 10, 2015 |
| Currency | CAD |
| ETF AUM | $84.2 Million |
| NAVPU | $9.63 |
| Management Fee | 0.65% |
| MER as of June 30, 2024 (unaudited) | 0.90% |
| Liquidity | Daily |
| RSP Eligible | Yes |
| Closing Market Price on TSX | $9.60 |
Portfolio Characteristics
| Number of Securities | 88 |
| Current Yield (%) | 5.7% |
Portfolio
Top 10 Holdings
| Security | % of Fund |
|---|---|
| Royal Bank Of Canada $1000 Preferred 7.408% | 6.4% |
| Bank Of Montreal $1000 Preferred 7.057% | 4.4% |
| Bank Of Montreal $1000 Preferred 7.37% | 4.4% |
| Toronto Dominion Preferred | 4.0% |
| Cibc $1000 Preferred 7.337% | 4.0% |
| Cibc $1000 Preferred 7.365% | 4.0% |
| Purpose Higher Interest Etf (Psa) | 3.9% |
| Toronto Dominion $1000 Preferred 5.75% | 3.0% |
| Royal Bank Of Canada $1000 Preferred 6.698% | 2.1% |
| Tc Energy Preferred | 2.1% |
| Total | 38.3% |
Performance
Inception Date
August 10, 2015
As of Date
August 31, 2024
Compound Returns
| 1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
|
| ETF | 1.7% | 3.8% | 19.0% | 29.8% | 2.7% | 8.2% | 4.3% |
| Benchmark | 2.7% | 5.0% | 19.9% | 30.5% | 2.2% | 7.2% | 4.4% |
Calendar Year Returns
Distributions
Distributions
| Distribution Frequency | Monthly |
| Most Recent Distribution per Unit | $0.0350 |
| 12-Month Trailing Distribution Yield | 4.4% |
| Next Record Date | September 27, 2024 |
| Next Distribution Date | October 10, 2024 |
Monthly Distributions
| Record Date | Distribution Date | Distribution Rate/Unit |
|---|---|---|
| January 31, 2024 | February 12, 2024 | $0.0350 |
| February 29, 2024 | March 11, 2024 | $0.0350 |
| March 28, 2024 | April 10, 2024 | $0.0350 |
| April 30, 2024 | May 10, 2024 | $0.0350 |
| May 31, 2024 | June 10, 2024 | $0.0350 |
| June 28, 2024 | July 10, 2024 | $0.0350 |
| July 31, 2024 | August 12, 2024 | $0.0350 |
| August 30, 2024 | September 10, 2024 | $0.0350 |
| September 27, 2024 | October 10, 2024 | $0.0350 |
| October 31, 2024 | November 11, 2024 | TBD |
| November 29, 2024 | December 10, 2024 | TBD |
| December 31, 2024 | January 10, 2025 | TBD |
| Distributions ($)/Unit2 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Distributions | 0.2800 | 0.3971 | 0.4110 | 0.3950 | 0.4290 | 0.4190 | 0.4145 | 0.7156 | 0.3730 | 0.1110 |
| Interest | - | 0.0234 | - | - | - | - | - | - | - | - |
| Dividends | - | 0.3737 | 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
Slater Quarterly Recap – September 2024
We are pleased to announce that, in the 12-month period ending August 31, 2024, Series F of Lysander-Slater Preferred Share Dividend Fund (the “Fund”) and Lysander-Slater Preferred Share ActivETF (Ticker: “PR”) (the “ETF”) were up 30%…
Lysander Announces Cash Distributions for the Lysander-Canso ActivETFs
TORONTO, July 22, 2024 /CNW/ – Lysander Funds Limited (“Lysander”) announces the July, August, and September 2024 cash distributions for each of Lysander-Slater Preferred Share ActivETF, Lysander-Canso Corporate Treasury ActivETF and Lysander-Canso Floating Rate ActivETF (TSX…
Lysander Announces Cash Distributions for the Lysander ActivETFs
TORONTO, April 22, 2024 /CNW/ – Lysander Funds Limited (“Lysander”) announces the April, May, and June 2024 cash distributions for each of Lysander-Slater Preferred Share ActivETF, Lysander-Canso Corporate Treasury ActivETF and Lysander-Canso Floating Rate ActivETF (TSX…
Slater Quarterly Recap – December 2023
The Canadian Preferred Share market was positive 2 out of 3 months in Q4/2023 and finished the year off strongly. Overall, the S&P/TSX Preferred Share Total Return Index (the “Index”) was up 7.23% in Q4/2023. Series…
Lysander Announces Cash Distributions for the Lysander ActivETFs
TORONTO, January 23, 2024 /CNW/ – Lysander Funds Limited (“Lysander”) announces the January, February, and March 2024 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)…
Lysander Announces Revised Cash Distributions for the Lysander ActivETFs
TORONTO, December 28, 2023 /CNW/ – Lysander Funds Limited (“Lysander”) announces theDecember 2023 revised cash distribution for Lysander-Slater Preferred Share ActivETF, (TSXSymbols: PR). The unitholders of record of the ETF at the close of business on…