CFM111 F
Corporate Value Fund
Series F


  • Asset Class
    Fixed Income
  • Category
    Global Corporate Fixed Income
  • Risk Rating
  • Holdings
  • Yield to Maturity (%)
  • Current Yield
  • Duration
    2.3 Years
  • Average Credit Quality


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 Facts

April 30, 2022
Inception Date December 31, 2000
Currency CAD
Fund AUM $3.4 Billion
Management Fee 0.65%
MER as of December 31, 2021 0.79%
Minimum Initial Investment $25,000 (accredited investor)
RRSP Eligible Yes

Portfolio Characteristics

Holdings 174
Term to Maturity (Years) 5.1
Yield to Maturity (%) 4.9%
Current Yield (%) 4.0%
Duration (Years) 2.3
Average Credit Quality BBB

Credit Quality Breakdown


The NAVs posted are post-distribution.

Top Ten Holdings - Canso Corporate Value Fund

April 30, 2022
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+
Total 33.4%

Top Ten Holdings - Canso Strategic Credit Fund

April 30, 2022
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+
Total 46.0%

Inception Date

December 31, 2000

As of Date

April 30, 2022

Compound Returns

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Year
  • 5 Year
  • 10 Year
  • 15 Year
  • Since Inception

Calendar Year Returns

Performance shown is that of Series C

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
No posts found.

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.

* 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.

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