The Fund’s objective is to provide total return by investing primarily in investments in U.S. dollar denominated 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 either denominated in U.S. dollars or hedged to U.S.
dollars with a minimum of 75% of the portfolio in BBB or higher.
|Inception Date||May 12, 2021|
|Fund AUM||$13.6 Million|
|MER as of June 30, 2021 (unaudited)||N/A|
|Minimum Initial Investment||$1,000|
|Minimum Subsequent Investment||$100|
|Number of Securities||71|
|Number of Issuers||36|
|Average Term to Maturity (Years)||3.6|
|Average Duration (Years)||1.4|
|Average Coupon (%)||2.3%|
|Yield to Maturity (%)||1.7%|
|Current Yield (%)||2.1%|
|Average Credit Quality||A|
▲The NAVs posted are post-distribution.
|Security||% of fund||Rating|
|JP Morgan Chase FRN (USD) (Q LIBOR+85) Jan 10, 2025||7.4%||AA-|
|Goldman Sachs FRN May 15, 2026 (USD)(Q LIBOR +117)||5.6%||A+|
|CIBC FRN Jul 15, 2026 (CORRA +58)||4.9%||AA-|
|BNS FRN Aug 4, 2026 (CORRA +54)||4.9%||AA-|
|Bank of America Corp FRN Oct 24, 2024 (USD)(SOFR+73)||4.7%||AA-|
|Met Life Global Funding I FRN Jan 7, 2024(USD)(SOFR +32)144A||3.9%||AA-|
|New York Life Global FDG FRN Apr 26, 2024 (USD) (SOFR+31)||3.9%||AAA|
|Morgan Stanley FRN May 8, 2023/2024 (USD) (Q LIBOR +122)||3.8%||A+|
|Canada Housing Trust FRN Sep 15, 2023 (Q CDOR -6)||3.8%||AAA|
|Great West Life Co Inc (AT1) 3.6% Dec 31, 2026/2081||2.7%||A-|
Performance data is not available as Series F has not been offered under a prospectus for 12 consecutive months.
|Distribution Frequency: Quarterly|
|Most Recent Distribution per Unit: $0.0171|
|12-Month Trailing Distribution Yield: 0.2%|
|Next Record Date: December 16, 2021|
|Next Distribution Date: December 17, 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|
*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 U.S. 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. 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. ®Lysander Funds is a registered trademark of Lysander Funds Limited.