Join Fund Library now and get free access to personalized features to help you manage your investments.

Lysander-Canso Short Term and Floating Rate Fund Series A

Cdn Short Term Fixed Inc

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2017

Click for more information on Fundata’s FundGrade

NAVPS
(07-11-2024)
$10.33
Change
$0.02 (0.19%)

As at June 30, 2024

As at April 30, 2024

Period
Loading...

Legend

Lysander-Canso Short Term and Floating Rate Fund Series A

Compare Options


Fund Returns

Inception Return (September 18, 2013): 2.03%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.43% 0.99% 2.29% 2.29% 5.96% 4.80% 1.53% 2.52% 2.55% 2.32% 2.10% 2.12% 1.99% 2.03%
Benchmark 0.79% 1.25% 1.70% 1.70% 5.74% 3.40% 0.69% 0.68% 1.40% 1.82% 1.62% 1.45% 1.45% 1.64%
Category Average 0.67% 1.62% 1.62% 1.62% 5.28% 3.29% 0.46% 0.72% 1.13% 1.45% 1.24% 1.12% 1.05% 1.09%
Category Rank 285 / 324 268 / 320 83 / 287 83 / 287 108 / 281 39 / 265 55 / 249 21 / 234 23 / 227 52 / 215 52 / 202 33 / 185 43 / 171 34 / 160
Quartile Ranking 4 4 2 2 2 1 1 1 1 1 2 1 2 1

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.51% 0.18% -0.33% -0.03% 1.47% 1.75% 0.18% 0.46% 0.65% -0.19% 0.75% 0.43%
Benchmark -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79%

Best Monthly Return Since Inception

3.08% (April 2020)

Worst Monthly Return Since Inception

-4.44% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.16% 1.40% 2.80% 0.90% 0.30% 2.58% 6.37% 0.46% -3.87% 6.54%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 3 1 2 4 3 1 1 2 1
Category Rank 93/ 145 90/ 166 30/ 179 61/ 187 180/ 207 162/ 223 10/ 233 33/ 239 74/ 253 41/ 267

Best Calendar Return (Last 10 years)

6.54% (2023)

Worst Calendar Return (Last 10 years)

-3.87% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 45.92
Canadian Government Bonds 23.34
Cash and Equivalents 12.86
Foreign Corporate Bonds 10.67
Canadian Bonds - Other 5.44
Other 1.77

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 86.94
Cash and Cash Equivalent 12.86
Real Estate 0.20
Consumer Services 0.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 0.25% 01-Mar-2026 21.44
Bank of America Corp 6.03% 15-Sep-2026 5.21
Bell Canada 3.35% 12-Jan-2025 4.99
Pacific Life Global Funding II 0.00% 01-Feb-2027 4.41
Toronto-Dominion Bank 4.52% 29-Jan-2027 3.93
Toronto-Dominion Bank 4.48% 18-Jan-2028 3.71
Royal Bank of Canada 4.64% 17-Jan-2028 3.44
BNS FRN 5.75% 03-May-2027 3.37
Air Canada 4.63% 15-Aug-2029 3.10
Avis Budget Car Rental LLC 5.75% 15-Jul-2027 2.46

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Lysander-Canso Short Term and Floating Rate Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.45% 3.33% 2.43%
Beta 0.71% 0.78% 0.65%
Alpha 0.01% 0.01% 0.01%
Rsquared 0.64% 0.30% 0.26%
Sharpe -0.59% 0.15% 0.23%
Sortino -0.80% -0.17% -0.51%
Treynor -0.02% 0.01% 0.01%
Tax Efficiency 38.63% 67.84% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.15% 2.45% 3.33% 2.43%
Beta 0.76% 0.71% 0.78% 0.65%
Alpha 0.02% 0.01% 0.01% 0.01%
Rsquared 0.68% 0.64% 0.30% 0.26%
Sharpe 0.45% -0.59% 0.15% 0.23%
Sortino 3.57% -0.80% -0.17% -0.51%
Treynor 0.01% -0.02% 0.01% 0.01%
Tax Efficiency 81.04% 38.63% 67.84% -

Fund Details

Start Date September 18, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
LYZ805A

Investment Objectives

The Fund’s objective is to provide total returns consisting principally of interest income by investing primarily in short term fixed income and floating rate debt securities of Canadian and foreign issuers. The investment objective of the Fund can only be changed with the approval of a majority of the Unitholders at a meeting called for such purpose.

Investment Strategy

The Fund’s portfolio will primarily be invested in fixed income and floating rate debt securities of Canadian and foreign issuers. It also may invest in debt securities convertible into common stock, and fixed income and floating rate debt securities of governments, government agencies, supranational agencies, companies, trusts and limited partnerships. The Fund will not be leveraged.

Portfolio Manager(s)

Name Start Date
John Carswell 09-18-2013

Management and Organization

Fund Manager Lysander Funds Limited
Advisor Canso Investment Counsel Ltd.
Custodian CIBC Mellon Trust Company
Registrar Convexus Managed Services Inc.
Distributor PBY Capital Limited
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 1.21%
Management Fee 1.05%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

Join Fund Library now and get free access to personalized features to help you manage your investments.