LYZ815 F
Lysander-Canso
U.S. Short Term and Floating Rate Fund (USD)
Series F

Series

  • Asset Class
    Fixed Income
  • Category
    Global Fixed Income
  • Risk Rating
    Low
  • Number of Securities
    64
  • Yield to Maturity (%)
    3.2%
  • Current Yield
    2.2%
  • Average Duration
    1.1 Years
  • Average Credit Quality
    A

Objectives

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.

Investment Focus

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.

Fund Facts

April 30, 2022
Inception Date May 12, 2021
Currency USD
Fund AUM $16.9 Million
NAVPU $9.61
Management Fee 0.55%
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 64
Number of Issuers 35
Average Term to Maturity (Years) 3.3
Average Duration (Years) 1.1
Average Coupon (%) 2.2%
Yield to Maturity (%) 3.2%
Current Yield (%) 2.2%
Average Credit Quality A

Credit Quality Breakdown

The NAVs posted are post-distribution.

Top 10 Holdings

April 30, 2022
Security % of fund Rating
Us Treasury 0.125% Aug 31, 2022 (USD) 7.6% AAA
US Treasury 0.125% Apr 30, 2023 (USD) 6.7% AAA
Verizon Communications Inc. FRN May 15, 2025(Q LIB+110)(USD) 5.0% A-
Honda Canada Finance Inc. FRN Sep 27, 2024 (Q CDOR+20) 4.5% A+
Goldman Sachs FRN May 15, 2026 (Q LIBOR+117)(USD) 4.4% A+
BNS FRN Aug 4, 2026 (CORRA+54) 4.4% AA-
Pacific Life Global Funding II FRN Feb 1, 2027 (Q CDOR+38) 4.2% AA-
Peoples Trust NHA MBS FRN (98004248) Nov 1, 2025 (M CDOR+0) 4.2% AAA
TransCanada Pipelines FRN Jun 9, 2024 (Q CDOR+29) 4.1% A-
Enbridge Inc FRN Feb 17, 2023 (SOFR+40)(USD) 4.1% BBB+
Total 49.2%

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: $0.0320
12-Month Trailing Distribution Yield: 1.2%
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* 2021
Total Distributions 0.0320 0.0810
Interest 0.0498
Dividends 0.0000
Capital Gains 0.0312
Withholding Tax 0.0000

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

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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.

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