The Fund seeks to achieve above average income returns through a diversified portfolio composed primarily of debt and money market securities. The Fund may occasionally invest in equity securities. The Fund will attempt to manage the allocation among securities to lower the risk of capital loss as the Investment Manager deems appropriate.
| Fund Category: | Fixed Income |
| Total Fund Assets: | $1.7 Billion |
| Inception Date: | December 31, 2000 |
| Minimum Investment: | $25,000 (accredited investor) |
| Distribution Frequency: | Quarterly |
| Management Fee: | Series A: 1.40% Series F: 0.65% |
| MER (Dec 31, 2019): | Series A: 1.64% Series F: 0.79% |
| Fund Manager: | Canso Fund Management Ltd. |
| Portfolio Manager: | Canso Investment Counsel Ltd. ("Canso") |
| Holdings: | 254 |
| Term to Maturity: | 7.7 Years |
| Yield to Maturity: | 6.6% |
| Current Yield: | 5.5% |
| Duration: | 3.8 Years |
| Average Credit Quality1: | BB+ |
▲The NAVs posted are post-distribution.
| Security | % of fund | Rating |
|---|---|---|
| Maxar Technologies Inc. 9.75% Dec 31, 2023 (USD) | 6.5% | B |
| TransCanada Pipelines 3.8% Apr 5, 2027 | 3.9% | BBB+ |
| Ford Credit Canada Co. FRN Mar 21, 2024 (3M CDOR + 314) | 3.3% | BB+ |
| GE Capital Canada 4.60% Jan 26, 2022 | 3.1% | BBB+ |
| Ford Motor Credit Co LLC FRN Jan 7, 2022 (USD)(Q LIBOR+314) | 2.5% | BB+ |
| Suncor Energy Inc. 5% Apr 9, 2030 | 2.5% | BBB+ |
| BMO Laddered Preferred Share ETF | 2.3% | N/A |
| TransCanada Pipelines FRN May 15, 2067 (3M LIBOR+221) (USD) | 2.0% | BBB |
| Fedex Corp. 5.25 May 15, 2050 (USD) | 1.9% | BBB |
| UniCredit S.p.A S Non-Pref FRN Jan 14, 2022 (3M L+390) (USD) | 1.9% | BBB- |
| Total | 29.9% |
Performance shown is that of Series C
| Record Date | Distribution Date |
|---|---|
| March 28 2019 | March 29 2019 |
| June 20 2019 | June 21 2019 |
| September 26 2019 | September 27 2019 |
| December 30 2019 | December 31 2019 |
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 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 0.50%. 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.