CFM134 A
Short Term & Floating Rate Fund
Series A


Key Documents

  • Asset Class
    Fixed Income
  • Category
    Canadian Short-Term Fixed Income
  • Risk Rating
  • Holdings
  • Yield to Maturity
  • Current Yield
  • Average Duration
    2.3 Years
  • Average Credit Quality


  • CDN $ NAV
  • Change NAV $
  • Change NAV %
  • Date


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 Short Term Corporate Bond Index.

Fund Facts

September 30, 2020
Inception Date January 31, 2006
Currency CAD
Fund AUM $59.0 Million
Management Fee 0.95%
MER as of December 31, 2019 1.15%
Minimum Initial Investment $25,000 (accredited investor)
RRSP Eligible Yes

Portfolio Characteristics

Holdings 57
Term to Maturity (Years) 3.1
Yield to Maturity 1.4%
Current Yield 2.0%
Duration (Years) 2.3
Average Credit Quality A

Credit Quality Breakdown


The NAVs posted are post-distribution.

Top Ten Holdings - Canso Short Term & Floating Rate Fund

September 30, 2020
Security % of NAV Rating
BNS Dep Note 1.83% Apr 27, 2022 7.0% AA-
RBC CB FRN Jun 27, 2022 (3M CDOR + 14) 6.3% AAA
Metlife Global Funding I FRN Sep 27, 2022 (Q CDOR +50) 6.1% AA-
Apple Inc. 2.513% Aug 19, 2024 6.0% AA+
TransCanada Pipelines 3.8% Apr 5, 2027 6.0% BBB+
TD CB FRN Jun 28, 2023 (3M CDOR + 31) 5.3% AAA
Toyota Credit Canada Inc. 2.31% Oct 23, 2024 4.5% A+
Honda Canada Finance Inc. FRN Sept 19, 2022 (Q CDOR +32) 4.1% A-
VW Credit Canada Inc. FRN Sep 27, 2021(Q CDOR +68) 4.1% BBB+
Molson Coors International LP 3.44% Jul 15, 2026 4.0% BBB-
Total 53.4%

Inception Date

January 31, 2006

As of Date

September 30, 2020

Compound Returns

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

Calendar Year Returns

Performance shown is that of Series C

Quarterly Distributions

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
No posts found.

Canso Fund Management Ltd. is the investment fund manager of the Canso Short Term and Floating Rate 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 net asset values that include a management fee of 0.30%. Prior to January 2011 the fund was not charged a management fee. The Fund’s returns prior to this date have been reduced to reflect the impact of a management fee of 0.30% plus taxes and applicable operating costs. 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.