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Lysander-Canso Floating Rate ActivETF
LYFR (Lysander-Canso Floating Rate ActivETF) is an active Canadian Fixed Income ETF by Lysander-Canso. With a 0.35% MER, it provides diversified exposure. Monthly distribution with a 2.57% yield.
LYFR is actively managed by Lysander-Canso's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.35% MER, its fees are in line with category averages. It pays a monthly distribution with a 2.57% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.