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Preferred Sh Fixed Income
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|
NAVPS (05-01-2024) |
$8.64 |
|---|---|
| Change |
$0.05
(0.63%)
|
As at March 31, 2024
As at February 29, 2024
As at February 29, 2024
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Inception Return (December 31, 2014): 1.90%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 3.35% | 9.92% | 17.55% | 9.92% | 14.58% | -0.78% | 2.42% | 13.36% | 4.06% | 1.54% | 2.09% | 4.14% | 2.07% | - |
| Benchmark | 3.47% | 9.62% | 17.59% | 9.62% | 13.52% | -1.22% | 1.41% | 11.77% | 4.28% | 2.35% | 2.80% | 5.01% | 2.49% | 2.13% |
| Category Average | 3.15% | 15.84% | 15.84% | 8.36% | 13.77% | -0.57% | 1.63% | 11.73% | 4.43% | 2.49% | 2.74% | 4.97% | 2.86% | 2.71% |
| Category Rank | 44 / 71 | 40 / 71 | 35 / 71 | 40 / 71 | 34 / 70 | 45 / 69 | 36 / 69 | 32 / 64 | 43 / 61 | 45 / 55 | 39 / 52 | 30 / 34 | 20 / 24 | - |
| Quartile Ranking | 3 | 3 | 2 | 3 | 2 | 3 | 3 | 2 | 3 | 4 | 3 | 4 | 4 | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.50% | -2.59% | 0.97% | 1.15% | -3.29% | 1.82% | -1.32% | 7.68% | 0.65% | 5.89% | 0.44% | 3.35% |
| Benchmark | 0.27% | -3.57% | 1.28% | 1.45% | -4.21% | 1.44% | -2.80% | 9.47% | 0.82% | 5.81% | 0.13% | 3.47% |
10.64% (April 2020)
-22.56% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | -9.08% | 7.62% | 11.56% | -11.21% | 1.42% | -1.26% | 27.78% | -18.91% | 7.69% |
| Benchmark | 6.82% | -14.95% | 6.98% | 13.62% | -7.93% | 3.48% | 6.16% | 19.35% | -18.08% | 5.90% |
| Category Average | 7.19% | -11.52% | 8.78% | 12.66% | -8.25% | 4.17% | 5.25% | 19.63% | -16.73% | 6.27% |
| Quartile Ranking | - | 2 | 3 | 4 | 4 | 3 | 4 | 1 | 3 | 1 |
| Category Rank | - | 8/ 24 | 22/ 34 | 32/ 41 | 50/ 55 | 41/ 59 | 62/ 64 | 11/ 69 | 51/ 69 | 17/ 70 |
27.78% (2021)
-18.91% (2022)
| Name | Percent |
|---|---|
| Canadian Equity | 82.66 |
| Canadian Corporate Bonds | 16.33 |
| Cash and Equivalents | 0.96 |
| International Equity | 0.05 |
| US Equity | 0.03 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| Financial Services | 44.50 |
| Energy | 20.00 |
| Fixed Income | 16.33 |
| Utilities | 14.90 |
| Telecommunications | 2.74 |
| Other | 1.53 |
| Name | Percent |
|---|---|
| North America | 99.98 |
| Latin America | 0.05 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| Toronto-Dominion Bank - Pfd Cl A Sr 5 | 4.48 |
| Canadian Imperial Bank Commrce 7.37% PERP | 3.47 |
| BMO Bank Preferred 7.373 series 50 7.37% 31-Oct-2070 | 3.00 |
| Royal Bank 7.41% 25-Jan-2029 | 2.96 |
| Bank of Montreal 7.057 Perp, Series 52 7.06% 26-Nov-2080 | 2.96 |
| TC Energy Corp - Pfd Sr 7 | 2.44 |
| AltaGas Ltd - Pfd Sr G | 2.37 |
| Toronto-Dominion Bank - Pfd Cl A Sr 1 | 2.22 |
| Royal Bank of Canada 4.50% 24-Oct-2025 | 2.09 |
| TC Energy Corp - Pfd Sr 9 | 1.95 |
Lysander-Slater Preferred Share Dividend Fund - Series A
Median
Other - Preferred Sh Fixed Income
| Standard Deviation | 11.55% | 16.30% | - |
|---|---|---|---|
| Beta | 0.94% | 1.03% | - |
| Alpha | 0.01% | 0.00% | - |
| Rsquared | 0.97% | 0.96% | - |
| Sharpe | 0.04% | 0.21% | - |
| Sortino | 0.01% | 0.19% | - |
| Treynor | 0.00% | 0.03% | - |
| Tax Efficiency | 35.71% | 59.78% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 11.14% | 11.55% | 16.30% | - |
| Beta | 0.82% | 0.94% | 1.03% | - |
| Alpha | 0.03% | 0.01% | 0.00% | - |
| Rsquared | 0.97% | 0.97% | 0.96% | - |
| Sharpe | 0.85% | 0.04% | 0.21% | - |
| Sortino | 2.31% | 0.01% | 0.19% | - |
| Treynor | 0.12% | 0.00% | 0.03% | - |
| Tax Efficiency | 87.27% | 35.71% | 59.78% | - |
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
| Start Date | December 31, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| LYZ920A |
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. The investment objective of the Fund can only be changed with the approval of a majority of the Unitholders at a meeting called for such purpose.
In order to achieve its investment objective, the Fund invests primarily in preferred shares of Canadian issuers listed in Canada, using fundamental and credit research. The Fund may also invest in other income-generating securities. The Fund is actively managed and seeks to invest in mispriced securities (as determined by the portfolio manager) within the preferred share market in order to achieve additional income and/or capital appreciation.
| Name | Start Date |
|---|---|
| Doug Grieve | 02-21-2020 |
| Fund Manager | Lysander Funds Limited |
|---|---|
| Advisor | Slater Asset Management Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | Convexus Managed Services Inc. |
| Distributor | PBY Capital Limited |
| Auditor | Deloitte LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.49% |
|---|---|
| Management Fee | 1.25% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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