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About LYSANDER-CANSO FLOATING RATE ACTIVE UNIT

The fund seeks to provide total returns that primarily consist of interest income. It invests in a diversified portfolio of floating rate debt securities issued by Canadian and foreign governments and corporations. The fund invests at least 75% of its net assets in fixed income securities with a credit rating of BBB or higher. The portfolio tends to concentrate on debt securities with a term-to-maturity of five years or less. Although, it could hold debt securities with a longer term to maturity as long as the weighted average term-to-maturity of all the securities held in the portfolio at the time of purchase is less than five years. The fund may invest in other short-term debt securities and use derivatives such as forwards, options, and swaps for hedging purposes. As an actively managed fund, the adviser has the discretion to make necessary investment decisions to meet its objectives.