Lysander-Triasima Balanced Income Fund - Series F

Fund Code: LYZ930F

  • Portfolio Manager: Triasima Portfolio Management Inc.
  • As of September 30, 2019
  • 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)
0.8% 2.1% 10.8% 1.5% 2.8% 3.6%
Fund Facts
Series Inception Date December 31, 2015
Currency CAD
Fund AUM $3.1 Million
NAVPU $10.60
Management Fee 0.75%
MER (As of June 30, 2019 - unaudited) 1.15%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
Asset Mix
Canadian Equity 31.4%
Canadian Fixed Income 22.8%
Cash & Equivalents 7.5%
International Equity 16.5%
Preferred Shares 4.4%
US Equity 17.4%
Calendar Year Returns - Series F
Geographic Breakdown
geo
Canada 64.3%
South America 0.0%
Other 0.0%
USA 19.3%
Europe 12.6%
Australia 2.1%
Asia 1.7%

Equity

Top 10 Equity Holdings
Equities (69.7% of the Fund) % of Fund
WSP Global Inc 2.5%
Thomson Reuters Corp 2.4%
Rwe Aktiengesellschaf ADR 2.4%
Algonquin Power & Util 2.2%
Ishares US Preferred Stock E 2.2%
Motorola Solutions Inc 2.2%
Nextera Energy Inc 2.2%
Transurban Group 2.2%
Air Liquide 2.1%
Morneau Shepell Inc 2.1%
Total 22.5%
Portfolio Characteristics
Number of Securities 39
Dividend Yield 3.0%

Fixed Income

Top 10 Fixed Income Holdings
Fixed Income (22.8% of the Fund) % of Fund Rating2
AIR CDA 4.750 OCT 06 23 2.2% Aaa
Prov Princ Ed 3.65% 6/27/2042 2.2% A
Canada Govt. 5.00% 6/1/2037 2.0% AAA
Canadian National Railway 3.00% February 08, 2029 2.0% A
Ontario 6.25% 8/25/2028 2.0% AAL
Toronto 3.90% 9/29/2023 2.0% AA
Newfoundland 6.15% Apr 17, 2028 1.1% AL
BC Ferry Ser 5.021% 3/20/2037 1.1% BBB
Loblaws 6.54% Feb 17, 2033 1.0% BBB
BAM 4.54% 3/31/2023 1.0% AL
Total 16.4%  
Portfolio Characteristics
Number of Securities 18
Number of Issuers 17
Average Term to Maturity (Years) 9.3
Average Duration (Years) 7.3
Average Coupon (%) 4.9%
Yield to Maturity (%) 2.5%
Current Yield (%) 4.2%
Average Credit Quality2 A
Credit Quality Breakdown (%)2
AAA 16.4%
AAL 8.6%
AA 8.6%
AH 10.0%
AL 9.0%
A 22.3%
BBBu 4.1%
BBBH 7.1%
BBB 13.7%
Distributions
Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0524
12-Month Trailing Distribution Yield: 2.0%
Next Record Date: December 30, 2019
Next Distribution Date: December 31, 2019
Distributions ($)/Unit3 YTD* 2018 2017 2016
Total Distributions 0.1520 0.2184 0.2014 0.1869
Interest   --- --- 0.0005
Dividends   0.2274 0.2066 0.1962
Capital Gains   --- --- ---
Withholding Tax   (0.0089) (0.0052) (0.0098)

*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-Triasima Balanced Income 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 Canada 91 Days Tbills; 30% FTSE 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). 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.