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.
|Inception Date||December 31, 2000|
|Fund AUM||$2.0 Billion|
|MER as of December 31, 2019||0.79%|
|Minimum Initial Investment||$25,000 (accredited investor)|
|Term to Maturity (Years)||6.8|
|Yield to Maturity||6.8%|
|Average Credit Quality||BB-|
▲The NAVs posted are post-distribution.
|Security||% of NAV||Rating|
|Canso Strategic Credit Fund - Series O - 339O||10.0%||NA|
|Air Canada 9% Jun 22, 2024||5.0%||B|
|Maxar Technologies Inc. 9.75% Dec 31, 2023 (USD)||4.3%||B|
|American Airlines Inc. 11.75% Jul 15, 2025 (USD) 144A||3.5%||B+|
|Ford Credit Canada Co. FRN Mar 21, 2024 (Q CDOR + 314)||3.0%||BB+|
|RBC (AT1) 4.5% Nov 24, 2025/2080||2.7%||BBB|
|Avis Budget Car Rental LLC 10.5% May 15, 2025 (USD)||2.4%||BB-|
|TransCanada Pipelines FRN May 15, 2067 (Q LIBOR+221) (USD)||2.3%||BBB|
|BMO Laddered Preferred Share ETF||2.2%||NA|
|Bombardier Inc. 7.875% Apr 15, 2027 (USD) 144A||2.2%||CCC|
|Security||% of NAV||Rating|
|American Airlines Inc. 11.75% Jul 15, 2025 (USD) 144A||11.0%||B+|
|Air Canada 9% Jun 22, 2024||8.9%||B|
|Hertz Corp. VFN USD 1M L + 152 Mar 31, 2022 (USD)||6.8%||NR|
|Bombardier Inc. 7.875% Apr 15, 2027 (USD) 144A||5.2%||CCC|
|Occidental Petroleum Corp. 3% Feb 15, 2027 (USD)||4.0%||BB|
|Spirit Aerosystems Inc. 4.6% Jun 15, 2028 (USD)||3.2%||CCC+|
|AMC Entertainment Holdings 10.5% Apr 15, 2025 (USD)||3.2%||CCC|
|Spirit Aerosystems Inc. 7.5% Apr 15, 2025 (USD) 144A||2.9%||B|
|Neptune Acquisition GP Inc. 10% Apr 8, 2027||2.8%||NR|
|Ford Credit Canada Co. FRN Mar 21, 2024 (Q CDOR + 314)||2.4%||BB+|
Performance shown is that of Series C
|Record Date||Distribution Date|
|March 26, 2020||March 27, 2020|
|June 25, 2020||June 26, 2020|
|September 24, 2020||September 25, 2020|
|December 30, 2020||December 31, 2020|
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.