Overview
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Asset ClassFixed Income
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CategoryCanadian Corporate Fixed Income
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Risk RatingLow
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Holdings172
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Yield to Maturity (%)4.2%
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Current Yield3.1%
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Average Duration4.5 Years
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Average Credit QualityA+
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 Corporate Bond Index.
Investment Focus
Established in 1997 by John Carswell, Canso currently manages approximately $36 billion in assets. Canso is a investment management firm that has demonstrated independent research expertise in fundamental analysis.
Fund Facts
May 31, 2022Inception Date | June 30, 2004 |
Currency | CAD |
Fund AUM | $979.5 Million |
Management Fee | 0.55% |
MER as of December 31, 2021 | 0.70% |
Minimum Initial Investment | $25,000 (accredited investor) |
RRSP Eligible | Yes |
Portfolio Characteristics
Holdings | 172 |
Term to Maturity (Years) | 7.5 |
Yield to Maturity (%) | 4.2% |
Current Yield (%) | 3.1% |
Duration (Years) | 4.5 |
Average Credit Quality | A+ |
Credit Quality Breakdown
AA & Higher | 40.5% |
A | 27.7% |
BBB | 31.8% |
BB & Lower | 0.0% |
NR | 0.0% |
Sector
Canso Private Debt Fund | 10.0% |
Communication | 5.3% |
Energy | 8.7% |
Federal | 21.6% |
Financial | 25.6% |
Industrial | 15.0% |
Infrastructure | 10.0% |
Real Estate | 0.9% |
Provincial | 2.6% |
Other | 0.4% |
Portfolio
Performance
Inception Date
June 30, 2004
As of Date
May 31, 2022
Compound Returns - Series C
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
10 Year (Annualized) |
15 Year (Annualized) |
Since Inception (Annualized) |
-0.6% | -6.0% | -9.8% | -8.0% | 1.3% | 1.9% | 3.5% | 4.9% | 4.9% |
Calendar Year Returns - Series C
Distributions
Quarterly Distributions
Record Date | Distribution Date |
---|---|
March 24, 2022 | March 25, 2022 |
June 23, 2022 | June 24, 2022 |
September 29, 2022 | September 30, 2022 |
December 29, 2022 | December 30, 2022 |