Lysander-Seamark Balanced Fund - Series A

Fund Code: LYZ910A

  • Portfolio Manager: SEAMARK Asset Management Ltd.
  • As of June 30, 2019
  • Fund Category: Balanced
  • Benchmark: Lysander-Seamark Balanced Blended Benchmark1
Investment Focus

Invests in the equity and fixed income securities of global companies with sustainable competitive advantages and durable growth prospects.

Risk Tolerance
Low
Medium
High
Why Invest In This Fund

SEAMARK takes a long-term approach to their investment strategy. There is an emphasis on high quality securities with low turnover in the portfolio. This allows the Fund to make and hold their convictions through the economic cycle. SEAMARK builds high quality portfolios drawing on a combined 114 years of experience in the industry.

  • Investment decisions are made with a focus on preserving then enhancing capital.
  • Takes a conservative approach to portfolio construction to manage risk.
  • High quality fixed income securities with reliable income streams.
Compound Returns - Series A
1 Month 3 Months YTD 1 Year 3 Year
(Annualized)
Since Inception
(Annualized)
2.0% 1.8% 7.0% 0.9% 2.8% 2.5%
Fund Facts
Series Inception Date December 30, 2014
Currency CAD
Fund AUM $1.9 Million
NAVPU $10.63
Management Fee 1.50%
MER (As of December 31, 2018) 1.99%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
Asset Mix
Canadian Equity 33.1%
Canadian Fixed Income 28.0%
Foreign Fixed Income 0.0%
Cash & Equivalents 2.9%
International Equity 10.5%
US Equity 25.5%
Calendar Year Returns - Series A
Geographic Breakdown
geo
Canada 63.3%
South America 0.0%
Other 0.0%
USA 26.2%
Europe 9.3%
Australia 1.2%
Asia 0.0%

Equity

Top 10 Equity Holdings
Equities (69.09% of the Fund) % of Fund
Franco Nevada Corp. 2.0%
Manulife Financial Corp. 1.8%
IA Financial Corporation 1.7%
Royal Bank of Canada 1.7%
Toronto Dominion Bank 1.6%
Suncor Energy Inc. 1.6%
Canadian Natural Resources 1.5%
Bank of Nova Scotia 1.5%
Nestle S A ADR 1.5%
Emera Inc. 1.5%
Total 16.4%
Portfolio Characteristics
Number of Securities 62
Dividend Yield 3.2%

Fixed Income

Top 10 Fixed Income Holdings
Fixed Income (28% of the Fund) % of Fund Rating2
Daimler Canada 3.30 16 AUG 22 1.7% Am
HSBC 3.196 05 DEC 23 1.7% Ah
Toyota CC 2.02 28Feb22 1.6% AAl
Canada Housing Trust FRN 15 SEP 23 1.5% AAA
Canada Housing Trust 2.65 15 DEC 28 1.4% AAA
BC Province 2.95 18 DEC 28 1.3% Aah
Manulife Financial 3.317 09 MAY 28/23 1.2% Al
CPPIB 3.0 15 JUN 28 1.2% AAA
Canada Housing Trust 2.90 15 JUN 24 1.1% AAA
NS Province 4.40 01 JUN 42 1.1% Ah
Total 13.7%  
Portfolio Characteristics
Number of Securities 27
Number of Issuers 20
Average Term to Maturity (Years) 7.3
Average Duration (Years) 6.1
Average Coupon (%) 2.8%
Yield to Maturity (%) 2.2%
Current Yield (%) 2.7%
Average Credit Quality2 AA
Credit Quality Breakdown (%)2
AAA 31.2%
AAH 12.7%
AAL 17.8%
AAM 10.3%
AH 12.0%
AM 11.8%
AH 4.2%
Distributions
Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0142
12-Month Trailing Distribution Yield: 1.3%
Next Record Date: September 26, 2019
Next Distribution Date: September 27, 2019
Distributions ($)/Unit3 YTD* 2018 2017 2016 2015
Total Distributions 0.0477 0.1170 0.0994 0.1486 0.1052
Interest   --- --- --- ---
Dividends   0.1224 0.1036 0.0976 0.0830
Capital Gains   --- --- 0.0555 0.0274
Withholding Tax   (0.0054) (0.0042) (0.0045) (0.0052)

*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-Seamark Balanced 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 or insured, their values change frequently and past performance may not be repeated. 15% FTSE TMX Canada 91 Day T-Bills; 27% S&P/TSX Composite Total Return Index; 20% S&P 500 Total Return Index (CAD); 40% FTSE TMX Canada Universe Bond Index; 8% MSCI EAFE Composite (CAD). 2Ratings are based on DBRS. 3Distributions are based on the actual number of units outstanding at the relevant time. Distributions are paid in cash or reinvested in additional units, or both. 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 trademark of Lysander Funds Limited.