Lysander-Seamark Balanced Fund - Series F

Fund Code: LYZ910F

  • Portfolio Manager: SEAMARK Asset Management Ltd.
  • As of September 30, 2018
  • 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 F
1 Month 3 Months YTD 1 Year 3 Year
(Annualized)
Since Inception
(Annualized)
-1.2% -0.3% -0.1% 2.5% 5.5% 3.5%
Fund Facts
Series Inception Date December 30, 2014
Currency CAD
Fund AUM $1.9 Million
NAVPU $10.60
Management Fee 0.75%
MER (As of June 30, 2018 - unaudited) 1.15%
Minimum Initial Investment $5,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
Asset Mix
Canadian Equity 35.7%
Canadian Fixed Income 24.8%
Foreign Fixed Income 0.5%
Cash & Equivalents 6.6%
International Equity 9.8%
US Equity 22.6%
Calendar Year Returns - Series F
Geographic Breakdown
geo
Canada 65.8%
South America 0.0%
Other 0.0%
USA 24.4%
Europe 8.5%
Australia 0.5%
Asia 0.8%

Equity

Top 10 Equity Holdings
Equities (68.1% of the Fund) % of Fund
Royal Bank of Canada 1.6%
Bank of Nova Scotia 1.6%
TD Bank 1.5%
Franco-Nevada Corp. 1.4%
Emera Inc. 1.3%
Honeywell International Inc. 1.1%
Nestle SA ADR 1.1%
Telus Corp. 1.1%
Walmart Stores Inc. 1.1%
Walgreen Boots 1.1%
Total 12.9%
Portfolio Characteristics
Number of Securities 68
Dividend Yield 3.4%

Fixed Income

Top 10 Fixed Income Holdings
Fixed Income (25.3% of the Fund) % of Fund Rating2
Canada Housing Trust FRN 15 MAR 23 1.8% AH
Mun Fin BC 2.15 01 DEC 22 1.6% AAA
Daimler Canada 3.30 16 AUG 22 1.6% AAA
HSBC 3.196 05 DEC 23 1.6% AH
Toyota 2.02 28 FEB 22 1.5% AAL
Canada Housing Trust FRN 15 SEP 23 1.4% AAA
Ontario Province FRN 16 MAR 21 1.3% AAA
PSP Capital 1.73 31 JUN 22 1.3% AAL
BC Province 2.95 18 DEC 28 1.2% AAA
Manulife Financial 3.317 09 MAY 28/23 1.1% AL
Total 14.4%  
Portfolio Characteristics
Number of Securities 25
Number of Issuers 18
Average Term to Maturity (Years) 5.3
Average Duration (Years) 4.4
Average Coupon (%) 2.6%
Yield to Maturity (%) 2.8%
Current Yield (%) 2.6%
Average Credit Quality2 A
Credit Quality Breakdown (%)2
AAA 32.1%
AAH 4.6%
AAL 17.8%
AAM 9.2%
AA 0.0%
A 1.9%
AH 14.5%
AM 15.7%
AL 4.2%
Distributions
Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0522
12-Month Trailing Distribution Yield: 1.9%
Next Record Date: December 28, 2018
Next Distribution Date: December 31, 2018
Distributions ($)/Unit3 YTD* 2017 2016 2015
Total Distributions 0.1567 0.1566 0.2558 0.1632
Interest   --- --- ---
Dividends   0.1633 0.1680 0.1288
Capital Gains   --- 0.0955 0.0424
Withholding Tax   (0.0067) (0.0077) (0.0080)

*The final tax character will be determined based on the Fund’s tax year end information

See the Simplified Prospectus for more details on the Lysander-Seamark Balanced Fund ("the Fund"). This document is not an invitation to invest in the Fund, nor does it constitute a public offering of sale. 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 based on calculated net asset values per unit, which are net of management fees, operating expenses, and applicable taxes. These returns include changes in unit value and reinvestment of all distributions and do not take into account certain fees such as redemption fees or optional charges or income taxes payable by any securityholder that would have reduced returns. Series F units are only available to eligible investors who have fee based accounts with their dealer. Sales charges and trailing commissions are not payable on Series F units, however investors may pay other fees to their dealer for investment advice and other services. 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). Source: FTSE TMX Global Debt Capital Markets. Copyright © FTSE TMX Global Debt Capital Markets. All rights reserved. TSX © Copyright 2018 TSX Inc. All Rights Reserved. Copyright © 2018 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. Copyright © 2018 MSCI Inc. All rights reserved. 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.