The Fund’s objective is to provide income and capital growth by investing in fixed income, floating rate, convertible, preferred equity, and common equity securities of corporations anywhere in the world.
The fund invests primarily in fixed income securities of small and mid-cap companies with the tactical inclusion of equity investments. It is unconstrained both geographically and by credit quality.
Inception Date | December 30, 2016 |
Currency | CAD |
Fund AUM | $199.7 Million |
NAVPU | $10.02 |
Management Fee | 1.35% |
MER as of December 31, 2021 | 1.58% |
Minimum Initial Investment | $1,000 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Number of Securities | 59 |
Number of Issuers | 39 |
Average Term to Maturity (Years) | 2.3 |
Average Duration (Years) | 1.9 |
Average Coupon (%) | 5.8% |
Yield to Maturity (%) | 6.3% |
Current Yield (%) | 6.2% |
Average Credit Quality | BB- |
Cash Weighting | 10.8% |
Average Bond Price | $97.14 |
▲The NAVs posted are post-distribution.
Security | % of fund | Rating |
---|---|---|
Tidewater Midstream & Infrastructure 6.75% December 19, 2022 | 5.2% | NR |
Great Western Petroleum 12% Spetember 1, 2025 | 5.1% | NR |
Spencer Spirit TL | 4.3% | B+ |
Osisko Gold Royalties 4.00% Dec 31, 2022 | 4.0% | NR |
Rite Aid Corp. 7.50% July 01, 2025 | 3.5% | B- |
Sherritt International Inc 8.5 Nov 30, 2026 | 3.3% | CCC+ |
Ford Credit Canada Co. FRN Mar 21, 2024 (Q CDOR + 314) | 3.2% | BB+ |
GEO Group TL | 2.7% | B |
Ferroglobe PLC 9.375% Dec 31, 2025 | 2.7% | NR |
US Silica Co Term Loan | 2.6% | B- |
Total | 36.6% |
Distribution Frequency: Quarterly |
Most Recent Distribution per Unit: $0.1561 |
12-Month Trailing Distribution Yield: 7.3% |
Next Record Date: June 23, 2022 |
Next Distribution Date: June 24, 2022 |
Record Date | Distribution Date |
---|---|
March 24, 2022 | March 25, 2022 |
June 23, 2022 | June 24, 2022 |
September 29, 2022 | September 30, 2022 |
December 15, 2022 | December 16, 2022 |
Distributions ($)/Unit1 | YTD* | 2021* | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|---|
Total Distributions | 0.1561 | 0.6863 | 0.6943 | 0.5776 | 0.3782 | 0.2685 |
Interest | 0.3928 | 0.3879 | 0.3547 | 0.3445 | 0.1815 | |
Dividends | 0.0174 | 0.0155 | 0.0327 | 0.0337 | 0.0185 | |
Capital Gains | 0.2761 | 0.2909 | 0.1902 | 0.0704 | ||
Withholding Tax | 0.0000 | 0.0000 | (0.0020) |
*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-Fulcra Corporate Securities 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, their values change frequently and past performance may not be repeated. 1Distributions 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 trrademark of Lysander Funds Limited.
We have updated our Privacy Policy effective October 2021. We encourage you to review it carefully.
We use cookies to improve your experience. By continuing to use this website, or other online services, you agree to the use of cookies and consent to the practices described in our Privacy Policy and Terms of Use.