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Canso Credit Income Fund – Class F

  • PBY.UN
  • Portfolio Manager: Canso Investment Counsel
  • As of: May 31, 2022
  • Fund Category: Fixed Income
Lysander Funds Ltd.
Canso Investment Counsel Logo

Investment Focus

The Canso Credit Income Fund is a closed-end fund which seeks to maximize total returns for unit holders while reducing risk and provide unitholders with monthly cash distributions, by taking long and short positions in a portfolio of primarily corporate bonds and other income securities.

Risk Tolerance

Low
Low-Medium
Medium
Medium-High
High

Why Invest In This Fund

Experienced Management Team • Independent Research • Attractive Yields

The Fund’s portfolio manager is Canso Investment Counsel Ltd. Canso’s bottom-up deep value investment approach is based on a foundation of independently researching businesses and evaluating securities across an entity’s entire capital structure. Canso’s team combines independent research expertise with security selection ability, and is well regarded as a skilled credit manager. The Fund is primarily invested in an actively managed and diversified portfolio of corporate bonds. Distributions are initially targeted at $0.50 per Class A and F units per annum, representing a yield of 5% per annum of the original issue price.

• Canso emphasizes “bottom up” and “deep value” credit analysis
• Canso exploits market liquidity to the advantage of our investors
• Canso finds opportunities that others miss

Fund Facts

Inception Date July 16, 2010
Initial NAV $9.73
NAVPU $16.39
Distribution Frequency Monthly
Latest Distribution $0.0417 per unit
(May 16, 2022)
Next Distribution $0.0417 per unit
(Jun 15, 2022)
Cumulative Distributions Since Inception $5.9157 per unit

Calendar Year Returns – Class F

Lysander Funds Limited
Canso Credit Income Fund – Class F

Portfolio Characteristics

Number of Securities (Long) 104
Number of Securities (Short) 9
Average Term to Maturity (Years) 7.7
Average Duration (Years) 2.2
Yield to Maturity (%) 6.8%
Current Yield (%) 4.9%
Average Credit Quality BBB-
Lysander Funds Limited
Canso Credit Income Fund – Class F
Lysander Funds Ltd., 3080 Yonge St., Suite 3037, Toronto, ON, M4N 3N1
Toll Free: (877) 308-6979 Website: www.lysanderfunds.com
Lysander Funds Limited

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