CFM174 F
Canso
Canadian Bond Fund
Series F

Series

  • Asset Class
    Fixed Income
  • Category
    Canadian Corporate Fixed Income
  • Risk Rating
    Low
  • Holdings
    42
  • Yield to Maturity (%)
    2.4%
  • Current Yield
    3.9%
  • Duration
    6.0 Years
  • Average Credit Quality
    A+

NAV

  • CAD $ NAV
    9.67
  • Change NAV $
    -0.03
  • Change NAV %
    -0.31
  • Date
    2021-10-21

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.

Fund Facts

September 30, 2021
Inception Date March 31, 2008
Currency CAD
Fund AUM $32.5 Million
Management Fee 0.55%
MER as of December 31, 2020 0.71%
Minimum Initial Investment $25,000 (accredited investor)
RRSP Eligible Yes

Portfolio Characteristics

Holdings 35
Term to Maturity (Years) 9.5
Yield to Maturity (%) 2.4%
Current Yield (%) 3.9%
Duration (Years) 6.0
Average Credit Quality A+

Credit Quality Breakdown

Sector

The NAVs posted are post-distribution.

Top Ten Holdings - Canso Canadian Bond Fund

September 30, 2021
Security % of NAV Rating
KFW 5.05% Feb 4, 2025 8.2% AAA
Eurofima 4.55% Mar 30, 2027 7.0% AA
Nav Canada (amort) 7.56% Mar 1, 2027 6.3% AA-
Equitable Bank NHA MBS (97518564) 0.75% Nov 1, 2025 6.3% AAA
BMO CB FRN Feb 1, 2023 (3M CDOR + 19) 5.6% AAA
WTH Car Rental ULC (AVIS) 2.781% Jul 22, 2024 4.8% AAA
University Ont Institute of Tech (amort) 6.351% Oct 15, 2034 4.8% A-
MetLife Global Funding I 3.394% Apr 9, 2030 4.7% AA-
Hwy 407 Jr Secured 7.125% Jul 26, 2040 4.5% A-
ORNGE Issuer Trust (amort) 5.727% Jun 11, 2034 4.2% A+
Total 56.4%

Inception Date

March 31, 2008

As of Date

September 30, 2021

Compound Returns

  • 1 Month
    -1.0%
  • 3 Months
    -0.2%
  • YTD
    -2.1%
  • 1 Year
    -0.8%
  • 3 Year
    (Annualized)
    4.4%
  • 5 Year
    (Annualized)
    2.9%
  • 10 Year
    (Annualized)
    4.1%
  • Since Inception
    (Annualized)
    4.8%

Calendar Year Returns

Performance shown is that of Series C

Quarterly Distributions

Record Date Distribution Date
March 25, 2021 March 26, 2021
June 24, 2021 June 25, 2021
September 23, 2021 September 24, 2021
December 30, 2021 December 31, 2021
No posts found.

Canso Fund Management Ltd. is the investment fund manager of the Canso Corporate Value Bond Fund (the “Fund”). This document is not an invitation to invest in Canso Canadian Bond Fund the Fund and does not constitute a public offering of sale. The Fund is only available under prospectus exemptions and other exemptions available to investors who meet certain eligibility or minimum purchase requirements. Currently these exemptions include the accredited investor exemption and the $150,000 minimum purchase exemption for non-individual investors. Each purchaser of Units in the Fund may have statutory or contractual rights of action. The offering of Units of the Fund is made pursuant to an Offering Memorandum and the information contained herein is a summary only and is qualified by the more detailed information in the Offering Memorandum. Information presented in this material should not be construed as investment or financial advice. Please consult a Financial Advisor. Please read the offering memorandum before investing.

Commission, trailing commissions, management fee and expenses may be associated with investments. Products are not guaranteed, their values change frequently and past performance may not be repeated. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns.Historical fund returns are based on Series C NAVs which include a management fee of 0.40%. Information provided is believed to be reliable when published. All information is subject to modification from time to time without notice. Please read the offering document carefully before investing.

1 Fixed income securities unrated by external agencies are assigned an internal Canso rating for Average Credit Quality.

* Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2021. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE ®” is a trade mark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.