LYZ804 F
Lysander-Canso
Bond Fund
Series F

Series

Fund Grade Award Logo

The Lysander-Canso Bond Fund Series A is the 2020 Canadian Winner of the Refinitiv Lipper Fund Awards as the Best Fund Over 3 and 5 year Periods in Canadian Short Term Fixed Income.

  • Asset Class
    Fixed Income
  • Category
    Canadian Short-Term Fixed Income
  • Risk Rating
    Low
  • Number of Securities
    77
  • Yield to Maturity (%)
    1.0%
  • Current Yield
    1.5%
  • Average Duration
    1.3 Years
  • Average Credit Quality
    A+

NAV

  • CAD $ NAV
    10.95
  • Change NAV $
    0.00
  • Change NAV %
    0.00
  • Date
    2021-09-20

Objectives

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.

Investment Focus

The Fund invests in high-quality Canadian dollar denominated fixed income securities of Canadian issuers and up to 60% in foreign issuers. Portfolio is unable to purchase fixed income securities rated below BBB-.

Fund Facts

August 31, 2021
Inception Date December 28, 2011
Currency CAD
Fund AUM $107.8 Million
NAVPU $10.95
Management Fee 0.65%
MER as of June 30, 2021 0.84%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics

Number of Securities 77
Number of Issuers 42
Average Term to Maturity (Years) 3.3
Average Duration (Years) 1.3
Average Coupon (%) 1.7%
Yield to Maturity (%) 1.0%
Current Yield (%) 1.5%
Average Credit Quality A+

Credit Quality Breakdown

The NAVs posted are post-distribution.

Top 10 Holdings

August 31, 2021
Security % of fund Rating
Canada Housing Trust FRN Sep 15, 2023 (Q CDOR -6) 12.3% AAA
BMO FRN Feb 16, 2022 (CORRA + 15) 5.1% AA-
Morgan Stanley FRN Q CDOR +33 Mar 21, 2025 4.2% A
TransCanada Pipelines FRN Jun 9, 2024 (Q CDOR +29) 4.2% BBB+
CIBC FRN Mar 4, 2025 (CORRA +46) 4.1% A
Honda Canada Finance Inc. FRN Feb 26, 2024 (Q CDOR +9) 3.7% A-
Goldman Sachs FRN Apr 29, 2025 (CDOR +37) 3.5% A
CIBC FRN Jun 10, 2024 (CDOR +23) 3.5% A
Apple Inc. 2.513% Aug 19, 2024 3.4% AA+
MCAP Service NHA MBS FRN (98002837) Jun 1, 2023(M CDOR-10.96 3.3% AAA
Total 47.3%

Geographic Breakdown

Inception Date

December 28, 2011

As of Date

August 31, 2021

Compound Returns

  • 1 Month
    0.1%
  • 3 Months
    0.2%
  • YTD
    -0.3%
  • 1 Year
    1.5%
  • 3 Year
    (Annualized)
    4.3%
  • 5 Year
    (Annualized)
    2.9%
  • Since Inception
    (Annualized)
    3.1%

Calendar Year Returns

Distributions

Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0170
12-Month Trailing Distribution Yield: 1.6%
Next Record Date: September 23, 2021
Next Distribution Date: September 24, 2021

Quarterly Distributions

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* 2020 2019 2018 2017 2016 2015 2014 2013 2012
Total Distributions 0.0618 0.2391 0.2339 0.2233 0.1914 0.1707 0.2885 0.2723 0.2120 0.2231
Interest 0.2391 0.2339 0.2233 0.1930 0.1721 0.1895 0.2736 0.2120 0.2201
Dividends
Capital Gains 0.1000 0.0030
Withholding Tax (0.0016) (0.0014) (0.0010) (0.0013)

*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. 1Source: FTSE Canada Global Debt Capital Markets. Copyright © FTSE Canada Global Debt Capital Markets. All rights reserved. 2Fixed income securities unrated by external agencies are assigned an internal Canso rating for Average Credit Quality. 3Distributions are based on the actual number of units outstanding at the relevant time. Distributions are paid in cash or reinvested in additional units. 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. 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.
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 (Series A) for the period ended August 31, 2021, was 0.86% (1 year), 3.68% (3 years), and 2.34% (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, ©2021 Refinitiv. All rights reserved. Used under license. ®Lysander Funds is a registered trademark of Lysander Funds Limited.