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Lysander-Canso Short Term and Floating Rate Fund Series A
Cdn Corp Fixed Income
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FundGrade C
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FundGrade A+® Rating Recipient
2023, 2022, 2017
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|
NAVPS (07-10-2026) |
$10.46 |
|---|---|
| Change |
$0.00
(-0.04%)
|
As at June 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (September 18, 2013): 2.29%
| 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 | -0.01% | 0.89% | 0.44% | 0.44% | 1.71% | 3.72% | 4.46% | 4.26% | 2.40% | 2.92% | 2.88% | 2.67% | 2.45% | 2.44% |
| Benchmark | 0.26% | 1.97% | 2.23% | 2.23% | 4.36% | 6.17% | 6.36% | 5.70% | 2.35% | 2.08% | 2.69% | 3.23% | 3.02% | 2.97% |
| Category Average | 0.29% | 1.78% | 1.74% | 1.74% | 3.77% | 5.67% | 5.87% | 5.24% | 1.77% | 1.77% | 2.20% | 2.64% | - | - |
| Category Rank | 153 / 153 | 142 / 143 | 143 / 143 | 143 / 143 | 130 / 130 | 120 / 120 | 110 / 111 | 101 / 102 | 47 / 99 | 25 / 88 | 39 / 86 | 59 / 83 | 54 / 78 | 49 / 74 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 2 | 2 | 2 | 3 | 3 | 3 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.02% | 0.36% | 0.90% | 0.15% | 0.12% | -0.29% | 0.38% | 0.31% | -1.13% | 0.28% | 0.63% | -0.01% |
| Benchmark | 0.04% | 0.18% | 1.54% | 0.68% | 0.27% | -0.63% | 0.89% | 1.16% | -1.77% | 0.41% | 1.29% | 0.26% |
Best Monthly Return Since Inception
3.08% (April 2020)
Worst Monthly Return Since Inception
-4.44% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.80% | 0.90% | 0.30% | 2.58% | 6.37% | 0.46% | -3.87% | 6.54% | 6.29% | 3.08% |
| Benchmark | 3.59% | 3.48% | 0.96% | 8.01% | 8.57% | -1.32% | -10.12% | 8.32% | 7.09% | 4.33% |
| Category Average | - | - | - | 7.34% | 7.62% | -1.82% | -10.25% | 7.57% | 6.68% | 4.15% |
| Quartile Ranking | 3 | 4 | 2 | 4 | 4 | 1 | 1 | 4 | 4 | 4 |
| Category Rank | 52/ 70 | 67/ 76 | 32/ 78 | 85/ 85 | 74/ 86 | 19/ 91 | 3/ 100 | 101/ 107 | 94/ 111 | 114/ 121 |
Best Calendar Return (Last 10 years)
6.54% (2023)
Worst Calendar Return (Last 10 years)
-3.87% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 63.91 |
| Canadian Bonds - Other | 22.02 |
| Canadian Government Bonds | 7.76 |
| Foreign Corporate Bonds | 5.40 |
| Cash and Equivalents | 0.91 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 99.08 |
| Cash and Cash Equivalent | 0.92 |
| Consumer Services | 0.00 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.18 |
| Europe | 1.82 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 0.50% 01-Dec-2030 | 7.76 |
| MCAN NHA MBS (97532217) 3.29% 15-Aug-2030 | 6.27 |
| Toronto-Dominion Bank 3.61% 10-Sep-2030 | 5.53 |
| Bank of Nova Scotia 3.73% 27-Jun-2031 | 5.16 |
| Bank of Montreal 4.42% 17-Jun-2029 | 4.39 |
| New York Life Global Funding 2.00% 17-Apr-2028 | 4.12 |
| VW Credit Canada Inc 4.25% 18-Feb-2028 | 3.57 |
| Scotia Capital NHA MBS (97527331) 3.80% 15-Dec-2028 | 3.08 |
| Metropolitan Life Globl Fndg I 1.95% 20-Mar-2028 | 2.98 |
| Royal Bank of Canada 4.64% 17-Jan-2028 | 2.88 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Lysander-Canso Short Term and Floating Rate Fund Series A
Median
Other - Cdn Corp Fixed Income
3 Yr Annualized
| Standard Deviation | 1.88% | 2.20% | 2.50% |
|---|---|---|---|
| Beta | 0.42 | 0.38 | 0.40 |
| Alpha | 0.02 | 0.01 | 0.01 |
| Rsquared | 0.81% | 0.75% | 0.64% |
| Sharpe | 0.47 | -0.25 | 0.21 |
| Sortino | 1.32 | -0.38 | -0.29 |
| Treynor | 0.02 | -0.01 | 0.01 |
| Tax Efficiency | 75.68% | 59.33% | 68.40% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.75% | 1.88% | 2.20% | 2.50% |
| Beta | 0.53 | 0.42 | 0.38 | 0.40 |
| Alpha | -0.01 | 0.02 | 0.01 | 0.01 |
| Rsquared | 0.90% | 0.81% | 0.75% | 0.64% |
| Sharpe | -0.35 | 0.47 | -0.25 | 0.21 |
| Sortino | -0.84 | 1.32 | -0.38 | -0.29 |
| Treynor | -0.01 | 0.02 | -0.01 | 0.01 |
| Tax Efficiency | 41.20% | 75.68% | 59.33% | 68.40% |
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 Management
| Portfolio Manager |
Canso Investment Counsel Ltd.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Lysander Funds Limited |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
Convexus Managed Services Inc. |
| Distributor |
PBY Capital Limited |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.23% |
|---|---|
| Management Fee | 0.95% |
| 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) | - |
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