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||$3.4 Billion|
|MER as of December 31, 2021||0.79%|
|Minimum Initial Investment||$25,000 (accredited investor)|
|Term to Maturity (Years)||5.1|
|Yield to Maturity (%)||4.9%|
|Current Yield (%)||4.0%|
|Average Credit Quality||BBB|
▲The NAVs posted are post-distribution.
|Security||% of NAV||Rating|
|Canso Strategic Credit Fund - Series O - 339O||7.9%||NA|
|Air Canada 4.625% Aug 15, 2029||5.9%||BB|
|Canada 0.25% Aug 1, 2022||3.4%||AAA|
|Pacific Life Global Funding II FRN Feb 1, 2027 (Q CDOR+38)||3.1%||AA-|
|American Airlines Inc. 11.75% Jul 15, 2025 144A (USD)||2.6%||B|
|Delta Airlines SkyMiles TL Oct 20, 2027 (Q LIBOR+375)||2.4%||BBB|
|C.P.A. Lte. NHA MBS FRN (98004962) Jan 1, 2027 (M CDOR-15)||2.1%||AAA|
|Manulife Financial Corp (AT1) 3.375% Jun 19, 2026/2081||2.1%||BBB+|
|Canada 0.25% May 1, 2023||2.1%||AAA|
|Ford Credit Canada Co. FRN Mar 21, 2024 (Q CDOR+314)||1.8%||BB+|
|Security||% of NAV||Rating|
|Canada 0.25% May 1, 2023||9.5%||AAA|
|Air Canada 4.625% Aug 15, 2029||6.9%||BB|
|Canada 0.25% Feb 1, 2023||6.3%||AAA|
|American Airlines Inc. 11.75% Jul 15, 2025 144A (USD)||5.5%||B|
|Bombardier Inc. 7.45% May 1, 2034 REGS (USD)||4.8%||CCC+|
|AMC Entertainment Holdings 7.5% Feb 15,2029 144A (USD)||2.9%||CCC+|
|Avis Budget Car/Finance 4.75% Apr 1, 2028 144A (USD)||2.7%||B|
|Canada 0.25% Aug 1, 2022||2.6%||AAA|
|American Airlines Inc. RSG 10.75%/12% Feb 15, 2026 (USD)||2.5%||BB|
|Spirit Aerosystems Inc. 4.6% Jun 15, 2028 (USD)||2.3%||CCC+|
Performance shown is that of Series C
|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|
Canso Fund Management Ltd. is the investment fund manager of Canso Corporate Value 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.
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