The Fund’s objective is to provide total returns consisting principally of interest income by investing primarily in 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 with a minimum of 70% of the portfolio in BBB or higher.
|Inception Date||September 18, 2013|
|Fund AUM||$126.6 Million|
|MER as of June 30, 2020 (unaudited)||1.32%|
|Minimum Initial Investment||$1,000|
|Minimum Subsequent Investment||$100|
|Number of Securities||89|
|Number of Issuers||45|
|Average Term to Maturity (Years)||4.4|
|Average Duration (Years)||2.7|
|Yield to Maturity||2.9%|
|Average Credit Quality||BBB+|
▲The NAVs posted are post-distribution.
|Security||% of fund||Rating|
|MetLife Global Funding I FRN Sep 27, 2022 (Q CDOR +50)||6.1%||AA-|
|Ontario FRN Aug 21, 2023 Q CDOR +5.0||5.6%||AA-|
|VW Credit Canada Inc. FRN Sep 27, 2021(Q CDOR +68)||4.8%||BBB+|
|Apple Inc. 2.513% Aug 19, 2024||4.5%||AA+|
|The Walt Disney Company 3.057% Mar 30, 2027||4.2%||A-|
|TD Dep Note 1.994% Mar 23 2022||3.9%||AA+|
|RBC Dep Note 1.968% Mar 2, 2022||3.9%||AA|
|SNC Lavalin FRN Mar 2, 2021 (Q CDOR + 54)||3.8%||BB+|
|Natwest Group PLC FRN May 15, 2023 (Q LIBOR + 147) (USD)||3.4%||BBB|
|Honda Canada Finance Inc FRN Sept 13, 2021 (Q CDOR +39)||3.3%||A-|
|Distribution Frequency: Quarterly|
|Most Recent Distribution per Unit: $0.0084|
|12-Month Trailing Distribution Yield: 1.6%|
|Next Record Date: December 17, 2020|
|Next Distribution Date: December 18, 2020|
|Record Date||Distribution Date|
|March 26, 2020||March 27, 2020|
|June 25, 2020||June 26, 2020|
|September 24, 2020||September 25, 2020|
|December 17, 2020||December 18, 2020|
* 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 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. 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.