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Lysander-Canso Credit Opportunities Fund Series A
Alternative Credit Focus
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FundGrade B
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FundGrade A+® Rating Recipient
2023
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|
NAVPS (05-13-2026) |
$12.30 |
|---|---|
| Change |
$0.01
(0.10%)
|
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (May 11, 2020): 8.56%
| 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 | 1.05% | -0.15% | 1.04% | 0.82% | 5.16% | 5.66% | 5.67% | 5.20% | 4.35% | - | - | - | - | - |
| Benchmark | 0.06% | -0.26% | -0.74% | 0.36% | 1.56% | 5.13% | 3.07% | 2.76% | 0.70% | 0.18% | 1.34% | 1.91% | 1.59% | 1.73% |
| Category Average | 0.80% | 0.58% | 1.70% | 1.30% | 6.26% | 6.47% | 6.27% | 5.32% | 3.62% | 5.20% | 4.26% | - | - | - |
| Category Rank | 47 / 149 | 114 / 145 | 95 / 145 | 81 / 145 | 79 / 133 | 61 / 110 | 62 / 106 | 44 / 91 | 22 / 64 | - | - | - | - | - |
| Quartile Ranking | 2 | 4 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | - | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.95% | 0.80% | 0.23% | 0.47% | 1.46% | -0.87% | 0.09% | 0.13% | 0.97% | 0.25% | -1.44% | 1.05% |
| Benchmark | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% |
Best Monthly Return Since Inception
11.90% (November 2020)
Worst Monthly Return Since Inception
-2.92% (September 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 10.76% | -0.46% | 3.81% | 8.66% | 3.79% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | - | 1 | 1 | 4 | 2 | 4 |
| Category Rank | - | - | - | - | - | 11/ 64 | 21/ 85 | 100/ 105 | 46/ 110 | 107/ 131 |
Best Calendar Return (Last 10 years)
10.76% (2021)
Worst Calendar Return (Last 10 years)
-0.46% (2022)
Asset Allocation
Sector Allocation
Geographic Allocation
Top Holdings
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Lysander-Canso Credit Opportunities Fund Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 3.01% | 3.41% | - |
|---|---|---|---|
| Beta | 0.29 | 0.28 | - |
| Alpha | 0.05 | 0.04 | - |
| Rsquared | 0.26% | 0.23% | - |
| Sharpe | 0.64 | 0.43 | - |
| Sortino | 1.38 | 0.56 | - |
| Treynor | 0.07 | 0.05 | - |
| Tax Efficiency | 78.10% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.24% | 3.01% | 3.41% | - |
| Beta | 0.39 | 0.29 | 0.28 | - |
| Alpha | 0.04 | 0.05 | 0.04 | - |
| Rsquared | 0.22% | 0.26% | 0.23% | - |
| Sharpe | 0.84 | 0.64 | 0.43 | - |
| Sortino | 1.03 | 1.38 | 0.56 | - |
| Treynor | 0.07 | 0.07 | 0.05 | - |
| Tax Efficiency | 72.05% | 78.10% | - | - |
Fund Details
| Start Date | May 11, 2020 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| 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 |
|---|---|---|
| LYZ494A |
Investment Objectives
The Fund’s objective is to achieve long term capital growth by investing in, or gaining exposure to, a diversified portfolio composed primarily of debt and money market securities. The Fund will use alternative investment strategies such as engaging in short sales and purchasing securities on margin or with borrowed funds. 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 seeks to achieve returns through a portfolio that primarily invests in, or has exposure to, corporate bonds of Canadian and foreign issuers. Portfolio investments may include higher risk securities and the Fund may take large portfolio exposures to specific countries, market sectors, market movements or other investment insights.
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 | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | 100 |
| SWP Min Withdrawal | 500 |
Fees
| MER | 2.26% |
|---|---|
| Management Fee | 1.25% |
| 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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