Overview
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Asset ClassFixed Income
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CIFSC CategoryCanadian Fixed Income
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Risk RatingLow
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Holdings34
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Yield to Maturity5.1%
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Current Yield3.6%
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Average Duration6.8 Years
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Average Credit QualityAA-
Objectives
The Fund seeks to achieve a total return greater than the return achieved by a representative Canadian fixed income index, such as the FTSE Canada Universe Bond Index.
Investment Focus
Established in 1997 by John Carswell, Canso is an investment management firm that has demonstrated independent research expertise in fundamental analysis.
Fund Facts
February 29, 2024Inception Date | March 31, 2008 |
Currency | CAD |
Fund AUM | $28.3 Million |
Management Fee | 0.55% |
MER as of December 31, 2022 | 0.67% |
Minimum Initial Investment | $2,500 (accredited investor) |
RSP Eligible | Yes |
Portfolio Characteristics
Holdings | 34 |
Average Term to Maturity (Years) | 10.0 |
Average Duration (Years) | 6.8 |
Yield to Maturity (%) | 5.1% |
Current Yield (%) | 3.6% |
Average Credit Quality1 | AA- |
Credit Quality Breakdown
AA & Higher | 55.9% |
A | 25.5% |
BBB | 18.6% |
Sector
Energy | 16.7% |
Financial | 23.1% |
Federal | 31.1% |
Industrial | 2.0% |
Infrastructure | 17.2% |
Provincial | 5.1% |
Other | 4.9% |
Portfolio
Top 10 Holdings
Canso Canadian Bond Fund
Security | % of Fund | Rating |
---|---|---|
Canada 0.5% Dec 01, 2030 | 16.9% | AAA |
MetLife Global Funding I 3.394% Apr 9, 2030 | 5.8% | AA- |
Equitable Bank NHA MBS (97518564) 0.75% Nov 1, 2025 | 5.2% | AAA |
TD Bank CB 4.516% Jan 29, 2027 | 4.7% | AAA |
New York Life Global FDG 2% Apr 17, 2028 | 4.5% | AAA |
Nav Canada (amort) 7.56% Mar 1, 2027 | 4.4% | AA |
Hwy 407 Jr Secured 7.125% Jul 26, 2040 | 4.3% | A- |
Enbridge Gas Inc. 4.0% Aug 22, 2044 | 4.1% | A- |
Canada 1.75% Dec 1, 2053 1,000/1,000 | 3.9% | AAA |
Kootenay Savings NHA MBS (86706840) 1.2967% Dec 1, 2026 | 3.8% | AAA |
Total | 57.6% |
Performance
Inception Date
March 31, 2008
As of Date
February 29, 2024
Compound Returns - Series C
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
Since Inception (Annualized) |
0.1% | 2.7% | -0.9% | 5.2% | -0.9% | 1.5% | 2.4% | 3.9% |
Calendar Year Returns - Series C
Distributions
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 21, 2024 | March 22, 2024 |
June 20, 2024 | June 21, 2024 |
September 19, 2024 | September 20, 2024 |
December 30, 2024 | December 31, 2024 |