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Lysander-Slater Preferred Share Dividend Fund - Series A

Preferred Sh Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

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NAVPS
(04-19-2024)
$8.50
Change
-$0.04 (-0.45%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Lysander-Slater Preferred Share Dividend Fund - Series A

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Fund Returns

Inception Return (December 31, 2014): 1.90%

Fund Returns
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 -

Monthly Return

Monthly Return
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%

Best Monthly Return Since Inception

10.64% (April 2020)

Worst Monthly Return Since Inception

-22.56% (March 2020)

Calendar Return (%)

Calendar Return
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

Best Calendar Return (Last 10 years)

27.78% (2021)

Worst Calendar Return (Last 10 years)

-18.91% (2022)

Asset Allocation

Asset Allocation
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

Sector Allocation

Sector Allocation
Name Percent
Financial Services 44.50
Energy 20.00
Fixed Income 16.33
Utilities 14.90
Telecommunications 2.74
Other 1.53

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.98
Latin America 0.05
Other -0.03

Top Holdings

Top Holdings
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

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Lysander-Slater Preferred Share Dividend Fund - Series A

Median

Other - Preferred Sh Fixed Income

3 Yr Annualized

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 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
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% -

Fundata ESG Metrics

Fundata ESG Score

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.

Fundata E Score

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.

Fundata S Score

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.

Fundata G Score

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.

Fund Details

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) -

Fund Codes

FundServ Code Load Code Sales Status
LYZ920A

Investment 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. 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.

Investment Strategy

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.

Portfolio Manager(s)

Name Start Date
Doug Grieve 02-21-2020

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.49%
Management Fee 1.25%
Load Front 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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