Overview
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Asset ClassEquity
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Risk RatingMedium to High
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Number of Securities20
Investment Focus
The Fund invests primarily in securities associated with the aviation and space industries. It is unconstrained by security type, capitalization, geographic and sector considerations.
Fund Facts
August 31, 2022| Inception Date | March 31, 2020 |
| Currency | CAD |
| Fund AUM | $1.4 Million |
| NAVPU | $12.44 |
| Management Fee | 0.80% |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $100 |
| Liquidity | Daily |
| RRSP Eligible | Yes |
Portfolio Characteristics
| Dividend Yield | 0.1% |
Portfolio Characteristics
| Number of Securities | 20 |
| Dividend Yield (%) | 0.2% |
Portfolio
Top 10 Holdings
| Security | % of Fund |
|---|---|
| Canadian Dollar | 18.1% |
| Maxar Technologies Inc. | 10.1% |
| Bombardier Inc. | 9.1% |
| CAE Inc. | 8.4% |
| Howmet Aerospace Inc. | 7.6% |
| SES S.A. FDR | 5.9% |
| Textron Inc. | 5.2% |
| The Boeing Company | 5.2% |
| Safran SA | 4.8% |
| Spirit Aerosystems Holdings Inc. | 4.8% |
| Total | 79.2% |
Geographic Breakdown
| Canada | 54.0% |
| USA | 27.1% |
| South America | 4.6% |
| Europe | 14.3% |
Performance
Inception Date
March 31, 2020
As of Date
August 31, 2022
Compound Returns
| 1 Month | 3 Months | YTD | 1 Year | Since Inception (Annualized) |
| -3.3% | -7.3% | -19.1% | -23.8% | 21.0% |
Calendar Year Returns
Distributions
Distributions
| Distribution Frequency | Quarterly |
| Most Recent Distribution per Unit | $0.0101 |
| 12-Month Trailing Distribution Yield | 31.3% |
| Next Record Date | September 29, 2022 |
| Next Distribution Date | September 30, 2022 |
| Distributions ($)/Unit3 | YTD* | 2021 | 2020 |
|---|---|---|---|
| Total Distributions | 0.0669 | 3.8216 | 0.1871 |
| Interest | - | - | - |
| Dividends | - | - | 0.1457 |
| Capital Gains | - | 3.8216 | 0.0414 |
| Withholding Tax | - | - | - |
Documents
Fund Profile
Final Tax Factors
Resources
W(h)ither Inflation and Bond Yields – September 2022
Whither inflation and bond yields? Will they wane and wither, as many expect, or will they show underlying strength and stay higher for much longer than the market consensus predicts? Don’t Worry, Be Inflation Unhappy?? Inflation…
Lysander Funds Announces Listing of Lysander-Canso Corporate Treasury ActivETF and Lysander-Canso Floating Rate ActivETF
TORONTO, September 1, 2022 – Lysander Funds Limited (“Lysander”) and Canso Investment Counsel Ltd. (“Canso”) are excited to announce the launch of Lysander-Canso Corporate Treasury ActivETF and Lysander-Canso Floating Rate ActivETF. These ETFs are exchange-traded mutual…
Canso Corporate Bond Newsletter – July 2022
Everything Except My Mortgage Blown Away From Auckland, to London, to Ottawa, central banks raised overnight rates in a race to restore price stability and their own credibility. Stocks, bonds, crypto, real estate – if you…
Canso Market Observer – July 2022
Once it looked like inflation was not a “temporary supply side” phenomenon, central banks rushed to correct their now very obvious mistake. They had created far too much money than was necessary for actual economic activity…
Canso and GICs – May 2022
1. Greater Initial Yield–Lysander-Canso fixed income funds’ portfolios generally have greater yields than 1-Year, 3-Year, and 5-Year GICs as of March 31st, 2022 2. Historical Outperformance–Lysander-Canso fixed income funds have demonstrated outperformance compared to GICs, as…
Canso Corporate Bond Newsletter – April 2022
The Day the Music Died Historically, war or a large corporate insolvency, or both occurring at the same time, would have roiled the global capital markets. The invasion of Ukraine and the Evergrande restructuring are impacting…