LYZ930 A
Lysander
Balanced Income Fund
Series A

Series

  • Asset Class
    Balanced
  • Category
    Global Equity Balanced
  • Risk Rating
    Low to Medium
  • Number of Securities
    146
  • Yield to Maturity (%)
    4.9%
  • Current Yield
    3.5%
  • Average Duration
    2.0 Years
  • Average Credit Quality
    BBB

NAV

  • CAD $ NAV
    11.55
  • Change NAV $
    0.11
  • Change NAV %
    0.96
  • Date
    2022-05-13

Objectives

The Fund’s objective is to generate returns consisting of income and capital gains by investing primarily in a portfolio of fixed income securities and equities of companies anywhere in the world.

Investment Focus

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

Fund Facts

April 30, 2022
Inception Date December 31, 2015
Currency CAD
Fund AUM $4.1 Million
NAVPU $11.84
Management Fee 1.5%
MER as of December 31, 2021 1.98%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics - Equity

Number of Securities 82
Dividend Yield 1.7%

Portfolio Characteristics - Fixed Income

Number of Securities 64
Number of Issuers 100
Average Term to Maturity (Years) 4.8
Average Duration (Years) 2.0
Average Coupon (%) 3.4%
Yield to Maturity (%) 4.9%
Current Yield (%) 3.5%
Average Credit Quality BBB

Credit Quality Breakdown

The NAVs posted are post-distribution.

Top 10 Holdings - Equity

April 30, 2022
Security % of fund
TC Energy Corp (TRP.PR.F) 2.0%
Trican Well Services Ltd. 1.9%
Bank of Montreal 1.8%
Alcoa Corp 1.7%
Eli Lilly & Co 1.4%
Royal Bank of Canada 1.4%
BCE Inc. (BCE.PR.Q) 1.2%
Sun Life Financial Inc. (SLF.PR.K) 1.2%
Birchcliff Energy Ltd. 1.2%
Manulife Financial (MFC.PR.J) 1.1%
Total 15.0%

Top 10 Holdings - Fixed Income

April 30, 2022
Security % of fund Rating
Air Canada 4.625% Aug 15, 2029 3.0% BB
Canada 0.25% Aug 1, 2022 2.0% AAA
GE Capital Corp FRN May 5, 2026 (Q LIBOR+38)(USD) 1.9% BBB+
Canada 0.25% May 1, 2023 1.7% AAA
American Airlines Inc. 11.75% Jul 15, 2025 144A (USD) 1.5% B
Ford Credit Canada Co. FRN Mar 21, 2024 (Q CDOR+314) 1.4% BB+
BNS FRN Aug 4, 2026 (CORRA+54) 1.4% A
Pacific Life Global Funding II FRN Feb 1, 2027 (Q CDOR+38) 1.4% AA-
Scotia Capital NHA MBS FRN (98004951) Dec 1, 2026(M CDOR-13) 1.2% AAA
Nav Canada 0.555% Feb 9, 2024 1.2% A+
Total 16.7%

Geographic Breakdown

Inception Date

December 31, 2015

As of Date

April 30, 2022

Compound Returns

  • 1 Month
    -3.5%
  • 3 Months
    -3.8%
  • YTD
    -7.3%
  • 1 Year
    1.0%
  • 3 Year
    (Annualized)
    5.6%
  • 5 Year
    (Annualized)
    3.3%
  • Since Inception
    (Annualized)
    4.1%

Calendar Year Returns

Distributions

Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0458
12-Month Trailing Distribution Yield: 1.0%
Next Record Date: June 23, 2022
Next Distribution Date: June 24, 2022

Quarterly Distributions

Record Date Distribution Date
March 24, 2022 March 25, 2022
June 23, 2022 June 24, 2022
September 29, 2022 September 30, 2022
December 29, 2022 December 30, 2022
Distributions ($)/Unit3 YTD* 2021 2020 2019 2018 2017 2016
Total Distributions 0.0458 0.0942 0.1689 0.1164 0.1657 0.1142 0.2313
Interest 0.0189 0.0226 0.0000 0.0000 0.0000 0.0006
Dividends 0.0793 0.1537 0.1226 0.1725 0.1171 0.2428
Capital Gains 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
Withholding Tax (0.0040) (0.0073) (0.0062) (0.0068) (0.0029) (0.0121)

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

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Lysander Funds Limited is the investment fund manager of Lysander 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). 2Fixed income securities unrated by external agencies are assigned an internal Canso rating for Average Credit Quality. 3Distributions are paid in cash or reinvested in additional units. 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.

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