LYZ895 F
Lysander-Canso
U.S. Corporate Treasury Fund (USD)
Series F

Series

  • Asset Class
    Fixed Income
  • Category
    Global Fixed Income
  • Risk Rating
    Low
  • Number of Securities
    11
  • Yield to Maturity (%)
    1.6%
  • Current Yield
    0.2%
  • Average Duration
    0.6 Years
  • Average Credit Quality
    AA+

Objectives

The Fund’s objective is to provide total returns consisting principally of interest income by investing primarily in U.S. dollar denominated, liquid, short term fixed income and floating rate debt securities of Canadian and foreign issuers.

Investment Focus

The fund invests primarily in short term fixed income and floating rate debt securities either dominated in U.S. dollars or hedged to U.S. dollars that are rated BBB or higher. The weighted average term to maturity of the fund’s portfolio will tend to be approximately eighteen months.

Fund Facts

April 30, 2022
Inception Date January 5, 2022
Currency USD
Fund AUM $5.2 Million
NAVPU $9.92
Management Fee 0.25%
MER as of December 31, 2021 N/A
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics

Number of Securities 11
Number of Issuers 5
Average Term to Maturity (Years) 0.6
Average Duration (Years) 0.6
Average Coupon (%) 0.2%
Yield to Maturity (%) 1.6%
Current Yield (%) 0.2%
Average Credit Quality AA+

Credit Quality Breakdown

The NAVs posted are post-distribution.

Top 10 Holdings

April 30, 2022
Security % of fund Rating
US Treasury 0.125% Oct 31, 2022 (USD) 47.9% AAA
US T-Bill Sept 8, 2022 (USD) 20.5% AAA
US Treasury 0.125% Apr 30, 2023 (USD) 18.7% AAA
Hydro One Inc. 0.71% Jan 16, 2023 4.9% A-
Nav Canada 0.555% Feb 9, 2024 4.9% A+
Met Life Global Funding I FRN Sep 8, 2022 (SOFR+35)144A(USD) 2.9% AA-
US Dollar 0.3% NA
Boeing Co 1.433% Feb 4, 2024 (USD) 0.1% BBB-
Canadian Dollar 0.0% NA
- - -
Total 100.2%

Geographic Breakdown

Performance data is not available as Series F has not been offered under a prospectus for 12 consecutive months.

Distributions

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

Quarterly Distributions

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
Distributions ($)/Unit3 YTD*
Total Distributions 0.0000
Interest
Dividends
Capital Gains
Withholding Tax

*The final tax character will be determined based on the Fund’s tax year end information

No posts found.

Lysander Funds Limited is the investment fund manager of Lysander-Canso U.S. Corporate Treasury Fund (USD) (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.

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