The Fund’s objective is to provide total returns consisting principally of interest income by investing primarily in liquid short term fixed income and floating rate debt securities of Canadian and foreign issuers.
The fund invests primarily in short term fixed income and floating rate debt securities of Canadian and foreign issuers that are rated BBB or higher. The weighted average term to maturity of the fund’s portfolio will tend to be approximately eighteen months.
|Inception Date||January 5, 2022|
|Fund AUM||$13.1 Million|
|MER as of December 31, 2021||N/A|
|Minimum Initial Investment||$1,000|
|Minimum Subsequent Investment||$100|
|Number of Securities||24|
|Number of Issuers||14|
|Average Term to Maturity (Years)||1.3|
|Average Duration (Years)||0.6|
|Average Coupon (%)||0.5%|
|Yield to Maturity (%)||1.8%|
|Current Yield (%)||0.5%|
|Average Credit Quality||AA+|
▲The NAVs posted are post-distribution.
|Security||% of fund||Rating|
|Canada 0.25% Aug 1, 2022||33.4%||AAA|
|Merrill Lynch NHA MBS FRN (98005107) Apr 1, 2027(M CDOR -2)||9.8%||AAA|
|MCAP Service NHA MBS FRN (98002894) Jul 1, 2023 (M CDOR+5)||9.8%||AAA|
|Nav Canada 0.555% Feb 9, 2024||9.7%||A+|
|Canada T-Bill Sep 15, 2022||9.1%||AAA|
|Canada 0.25% May 1, 2023||8.0%||AAA|
|Canada T-Bill Jul 21, 2022||4.3%||AAA|
|Nestle Holdings Inc 0.375% Jan 15, 2024 (USD)||3.3%||AA-|
|Hydro One Inc. 0.71% Jan 16, 2023||2.2%||A-|
|Natwest Group PLC FRN Jun 25, 2024 (Q LIBOR+155)(USD)||2.0%||BBB+|
Performance data is not available as Series A has not been offered under a prospectus for 12 consecutive months.
|Distribution Frequency: Quarterly|
|Most Recent Distribution per Unit: $0.0000|
|12-Month Trailing Distribution Yield: 0.0%|
|Next Record Date: June 23, 2022|
|Next Distribution Date: June 24, 2022|
|Record Date||Distribution Date|
|March 24, 2022||March 25, 2022|
|June 23, 2022||June 24, 2022|
|September 29, 2022||September 30, 2022|
|December 15, 2022||December 16, 2022|
*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 Corporate Treasury 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BofAML”), used with permission. Any unauthorized use or disclosure is prohibited. Nothing herein should in any way be deemed to alter the legal rights and obligations contained in agreements between any ICE Data Services entity (“ICE”) and their clients relating to any of the Indices or products or services described herein. The information provided by ICE and contained herein is subject to change without notice and does not constitute any form of representation or undertaking. ICE and its affiliates make no warranties whatsoever either express or implied as to merchantability fitness for a particular purpose or any other matter in connection with the information provided. Without limiting the foregoing ICE and its affiliates makes no representation or warranty that any information provided hereunder are complete or free from errors omissions or defects. All information provided by ICE is owned by or licensed to ICE. ICE retains exclusive ownership of the ICE Indices including the ICE BofAML Indexes and the analytics used to create this analysis ICE may in its absolute discretion and without prior notice revise or terminate the ICE information Indices and analytics at any time. The information in this analysis is for internal use only and redistribution of this information to third parties is expressly prohibited. Neither the analysis nor the information contained therein constitutes investment advice or an offer or an invitation to make an offer to buy or sell any securities or any options futures or other derivatives related to such securities. The information and calculations contained in this analysis have been obtained from a variety of sources including those other than ICE and ICE does not guarantee their accuracy. Prior to relying on any ICE information and/or the execution of a security trade based upon such ICE information you are advised to consult with your broker or other financial representative to verify pricing information. There is no assurance that hypothetical results will be equal to actual performance under any market conditions. THE ICE INFORMATION IS PROVIDED TO THE USERS “AS IS.” NEITHER ICE NOR ITS AFFILIATES NOR ANY THIRD PARTY DATA PROVIDER WILL BE LIABLE TO ANY USER OR ANYONE ELSE FOR ANY INTERRUPTION INACCURACY ERROR OR OMISSION REGARDLESS OF CAUSE IN THE ICE INFORMATION OR FOR ANY DAMAGES RESULTING THEREFROM. In no event shall ICE or any of its affiliates employees officers directors or agents of any such persons have any liability to any person or entity relating to or arising out of this information analysis or the indices contained herein.
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. ®Lysander Funds is a registered trademark of Lysander Funds Limited.