Lysander-Triasima Balanced Income Fund - Series F

Fund Code: LYZ930F

  • Portfolio Manager: Triasima Portfolio Management Inc.
  • As of December 31, 2018
  • Fund Category: Balanced
  • Benchmark: Lysander-Triasima Balanced Blended Benchmark1
Investment Focus

Invests in equity and fixed income securities of companies having a broad range of capitalizations from anywhere in the world.

Risk Tolerance
Low
Medium
High
Why Invest in This Fund

Triasima Portfolio Management Inc. is a Canadian investment management firm founded by partners André R. Chabot, Scott Collins, and Redouane Khireddine. With a successful performance track record since 1998, the firm serves institutional, sub-advisory, and individual clients. It is wholly owned by its employees and directors, and is completely independent from any other company or organization. Triasima is known for its unique Three-Pillar Approach™, a rigorous, yet innovative, investment process that remains consistent under all market conditions.

  • Dynamic Investment Process - The system brings together fundamental, quantitative and trend analysis in a process of checks and balances, with each pillar reinforcing the other two.
  • Capital Preservation - The Fund offers a low volatility of returns, a strong protection of capital and a high current income yield.
  • Historical Performance - The strategy has a successful long-term track record since its inception in 1998.
Compound Returns - Series F
1 Month 3 Months YTD 1 Year 3 Year
(Annualized)
Since Inception
(Annualized)
-3.1% -8.4% -8.9% -8.9% 0.9% 0.9%
Fund Facts
Series Inception Date December 31, 2015
Currency CAD
Fund AUM $1.6 Million
NAVPU $9.70
Management Fee 0.75%
MER (As of June 30, 2018 - unaudited) 1.15%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
Asset Mix
Canadian Equity 25.9%
Canadian Fixed Income 17.5%
Cash & Equivalents 15.8%
International Equity 15.3%
Preferred Shares 4.6%
US Equity 20.9%
Calendar Year Returns - Series F
Geographic Breakdown
geo
Canada 56.2%
South America 2.1%
Other 0.0%
USA 30.6%
Europe 7.2%
Australia 0.0%
Asia 4.0%

Equity

Top 10 Equity Holdings
Equities (66.7% of the Fund) % of Fund
Killam Apartment Real Estate 3.2%
Ishares US Preferred Stock E 2.4%
Labrador Iron Ore Royalty Corp 2.4%
Hong Kong & China Gas ADR 2.4%
Brinker International Inc. 2.3%
WSP Global Inc 2.3%
The Boeing Company 2.3%
Intercontinental Hotels Grp 2.2%
Banco Santander Chile 2.1%
MSA Safety Inc 2.1%
Total 23.7%
Portfolio Characteristics
Number of Securities 38
Dividend Yield 4.2%

Fixed Income

Top 10 Fixed Income Holdings
Fixed Income (17.5% of the Fund) % of Fund Rating2
BC Ferry 5.021% 2037 03 20 1.9% AH
Bam 4.54% 2023 03 31 1.9% AL
Bell Canada 7.0% 2027 09 24 1.8% BBBH
Loblaw 6.54% 2033 02 17 1.8% BBB
Government of Canada 2.25% 2025 06 01 1.8% AAA
Prov Of Ontario 6.25% 2028 08 25 1.7% AAL
City Of Vancouver 3.45% 2021 12 02 1.7% NR
City Of Toronto 3.90% 2023 09 29 0.7% AA
Genworth Mi 4.242% 2024 04 01 0.7% AH
Government of Canada 5.0% 2037 06 01 0.6% AAA
Total 14.7%  
Portfolio Characteristics
Number of Securities 15
Number of Issuers 14
Average Term to Maturity (Years) 8.7
Average Duration (Years) 6.7
Average Coupon (%) 5.2%
Yield to Maturity (%) 3.3%
Current Yield (%) 4.4%
Average Credit Quality2 A
Credit Quality Breakdown (%)2
AAA 23.8%
AAL 13.3%
AA 3.9%
AH 18.1%
AL 10.7%
A 3.2%
BBBu 3.0%
BBBH 14.0%
BBB 10.0%
Distributions
Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0616
12-Month Trailing Distribution Yield: 2.3%
Next Record Date: March 28, 2019
Next Distribution Date: March 29, 2018
Distributions ($)/Unit3 YTD* 2017 2016
Total Distributions 0.2184 0.2014 0.1869
Interest   --- 0.0005
Dividends   0.2066 0.1962
Capital Gains   --- ---
Withholding Tax   (0.0052) (0.0098)

*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-Triasima Balanced Income 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 Days Tbills; 30% FTSE TMX Canada Universe Bond Index; 5% S&P/TSX Preferred Share Total Return Index; 35% S&P/TSX Composite Total Return Index; 15% S&P 500 Total Return Index; 10% 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. DBRS Limited, DBRS, Inc and DBRS Ratings Limited. All Rights Reserved. http://www.dbrs.com/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.