The Fund’s objective is to provide above average, long-term total returns consisting principally of interest income by investing primarily in high-quality Canadian dollar denominated fixed income securities of Canadian and foreign issuers.
The Fund invests in high-quality Canadian dollar denominated fixed income securities of Canadian and up to 60% in foreign issuers. Portfolio is able to invest up to 50% in BBB and is unable to purchase a bond rated below BBB-.
| Inception Date | December 28, 2011 |
| Currency | CAD |
| Fund AUM | $82.0 Million |
| NAVPU | $11.20 |
| Management Fee | 1.15% |
| MER as of June 30, 2020 (unaudited) | 1.43% |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $100 |
| Liquidity | Daily |
| RRSP Eligible | Yes |
| Number of Securities | 96 |
| Number of Issuers | 49 |
| Average Term to Maturity (Years) | 6.4 |
| Average Duration (Years) | 4.6 |
| Average Coupon | 3.4% |
| Yield to Maturity | 1.5% |
| Current Yield | 2.8% |
| Average Credit Quality | A |
▲The NAVs posted are post-distribution.
| Security | % of fund | Rating |
|---|---|---|
| Canadian Dollar | 9.2% | NA |
| The Walt Disney Company 3.057% Mar 30, 2027 | 5.6% | A- |
| Apple Inc. 2.513% Aug 19, 2024 | 4.6% | AA+ |
| TransCanada Pipelines 3.8% Apr 5, 2027 | 4.0% | BBB+ |
| RBC Dep Note 1.968% Mar 2, 2022 | 3.5% | AA |
| Molson Coors International LP 3.44% Jul 15, 2026 | 2.5% | BBB- |
| Hwy 407 6.47% July 27, 2029 | 2.5% | A |
| Pembina Pipeline Corp 3.31% Feb 1, 2030 | 2.4% | BBB |
| Enbridge Inc. 4.57% Mar 11, 2044 | 2.3% | BBB+ |
| Nav Canada 7.40% Jun 1, 2027 | 2.2% | AA |
| Total | 38.8% |
| Distribution Frequency: Quarterly |
| Most Recent Distribution per Unit: $0.0672 |
| 12-Month Trailing Distribution Yield: 2.2% |
| Next Record Date: March 25, 2021 |
| Next Distribution Date: March 26, 2021 |
| Record Date | Distribution Date |
|---|---|
| March 25, 2021 | March 26, 2021 |
| June 24, 2021 | June 25, 2021 |
| September 23, 2021 | September 24, 2021 |
| December 16, 2021 | December 17, 2021 |
| Distributions ($)/Unit3 | YTD* | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|
| Total Distributions | 0.2415 | 0.1657 | 0.1372 | 0.0862 | 0.0748 | 0.2416 | 0.2087 | 0.1153 | 0.1374 |
| Interest | 0.1657 | 0.1372 | 0.0869 | 0.0754 | 0.1586 | 0.2097 | 0.1153 | 0.1325 | |
| Dividends | |||||||||
| Capital Gains | 0.0838 | 0.0049 | |||||||
| Withholding Tax | (0.0007) | (0.0006) | (0.0008) | (0.0010) |
* The final tax character will be determined based on the Fund’s tax year end information.
Lysander Funds Limited is the investment fund manager of Lysander-Canso Bond Fund (the “Fund”). This document is not an invitation to invest in the Fund and does not constitute a public offering of sale. Purchases in the Fund can only be made through an Investment Professional on the terms in the Fund’s offering document by eligible investors. Each purchaser of units in a fund may have statutory or contractual right of action. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. 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 securityholder that would have reduced returns. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated. Fixed income securities unrated by external agencies are assigned an internal Canso rating for Average Credit Quality. Distributions are based on the actual number of units outstanding at the relevant time. Distributions are paid in cash or reinvested in additional units, or both. If the series’ net income/capital gains is less than the amounts distributed in the year, the distribution will include a return of capital. In these circumstances, if an investor elects to receive their distributions in cash and not reinvest distributions, it is expected that the value of their investment will decline over time. Distributions are not an indication of performance, rate of return or yield. ®Lysander Funds is a registered trademark of Lysander Funds Limited.
Refinitiv Lipper Fund Awards 2020 Winner Canada, Lysander-Canso Bond Fund Series A. Best Fund Over 3 and 5 Year Periods, Canadian Short Term Fixed Income.
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
Lysander-Canso Bond Fund (Series A) was named Best Canadian Short Term Fixed Income Fund for 3 years and 5 years ending July 31, 2020 out of a classification total of 38 funds (3 years) and 37 funds (5 years). Performance for the Fund for the period ended July 31, 2020 was 8.2% (1 year), 3.7% (3 years), and 2.3% (5 years).
Performance for the fund for the period ended November 30, 2020 was 8.5% (1 year), 3.7% (3 years), and 2.6% (5 years). The corresponding Refinitiv Lipper Leader ratings for Consistent Return of the fund for the same period were: N/A (1 year), 5 (3 years), and 5 (5 years).
Refinitiv Lipper Fund Awards, ©2020 Refinitiv. All rights reserved. Used under license.