Overview
-
Asset ClassPreferred Shares
-
CIFSC CategoryPreferred Share Fixed Income
-
Risk RatingMedium
-
Number of Securities100
-
Current Yield6.2%
Objectives
The Fund’s objective is to seek to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.
Investment Focus
The funds objective is to seek to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.
Fund Facts
August 31, 2023| Inception Date | December 30, 2014 |
| Currency | CAD |
| Fund AUM | $59.9 Million |
| NAVPU | $7.42 |
| Management Fee | 0.75% |
| MER as of June 30, 2023 (unaudited) | 0.99% |
| Minimum Initial Investment | $500 |
| Minimum Subsequent Investment | $100 |
| Liquidity | Daily |
| RRSP Eligible | Yes |
Portfolio Characteristics
| Number of Securities | 100 |
| Current Yield (%) | 6.2% |
Portfolio
Top 10 Holdings
| Security | % of Fund |
|---|---|
| Canadian Dollar | 4.5% |
| Bank Of Montreal $1000 Preferred 7.057% | 3.1% |
| Bank Of Montreal $1000 Preferred 7.37% | 2.9% |
| TC Energy Corp Preferred | 2.8% |
| Royal Bank Of Canada 4.5% Lrcn | 2.6% |
| CIBC $1000 Preferred 7.37% | 2.5% |
| TD Bank $1000 Preferred 7.23% | 2.5% |
| TC Energy Corp Preferred | 2.4% |
| Altagas Ltd Preferred | 2.2% |
| Canada 3Mth T-Bill (09/14/2023) | 2.0% |
| Total | 27.5% |
Performance
Inception Date
December 30, 2014
As of Date
August 31, 2023
Compound Returns
| 1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
|
| Fund | -3.2% | -1.1% | -0.7% | -11.1% | 4.7% | -1.7% | 0.5% |
| Benchmark | -4.2% | -1.6% | -2.7% | -12.3% | 0.8% | -1.3% | 0.0% |
Calendar Year Returns
Distributions
Distributions
| Distribution Frequency | Monthly |
| Most Recent Distribution per Unit | $0.0307 |
| 12-Month Trailing Distribution Yield | 4.4% |
| Next Record Date | September 28, 2023 |
| Next Distribution Date | September 29, 2023 |
Monthly Distributions
| Record Date | Distribution Date |
|---|---|
| January 25, 2024 | January 26, 2024 |
| February 22, 2024 | February 23, 2024 |
| March 21, 2024 | March 22, 2024 |
| April 25, 2024 | April 26, 2024 |
| May 30, 2024 | May 31, 2024 |
| June 27, 2024 | June 28, 2024 |
| July 25, 2024 | July 26, 2024 |
| August 29, 2024 | August 30, 2024 |
| September 26, 2024 | September 27, 2024 |
| October 24, 2024 | October 25, 2024 |
| November 28, 2024 | November 29, 2024 |
| December 19, 2024 | December 20, 2024 |
| Distributions ($)/Unit2 | YTD* | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Total Distributions | 0.2359 | 0.3243 | 0.3440 | 0.3525 | 0.3533 | 0.4238 | 0.4321 | 0.3228 | 0.1809 |
| Interest | - | 0.0029 | 0.0036 | - | - | - | - | - | - |
| Dividends | - | 0.3213 | 0.2444 | 0.3525 | 0.3533 | 0.3174 | 0.3319 | 0.3228 | 0.1793 |
| Capital Gains | - | - | - | - | - | 0.1064 | 0.1002 | - | - |
| Withholding Tax | - | - | - | - | - | - | - | - | - |
| Return of Capital | - | - | 0.0961 | - | - | - | - | - | 0.0016 |
Documents
Fund Profile
Regulatory Documents
Final Tax Factors
Resources
Slater Quarterly Recap – Q1 2024
The Canadian Preferred Share market followed last year’s strong finish and was positive all three months to begin 2024. Overall, the S&P/TSX Preferred Share Total Return Index (the “Index”) was up 9.62% as of March 31st,…
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…
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,…
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‐Slater Preferred Share ActivETF Announces Cash Distributions
TORONTO, November 18, 2022 /CNW/ ‐ Lysander Funds Limited (“Lysander”) announces the November and December 2022 cash distributions for the Lysander‐Slater Preferred Share ActivETF (TSX Symbol: PR). Unitholders of record at the close of business on November 30, 2022…