LYZ930 F
Lysander
Balanced Income Fund
Series F

Series

  • Asset Class
    Balanced
  • Category
    Global Equity Balanced
  • Risk Rating
    Low to Medium
  • Number of Securities
    140
  • Yield to Maturity (%)
    4.0%
  • Current Yield
    4.3%
  • Average Duration
    3.2 Years
  • Average Credit Quality
    BB+

NAV

  • CAD $ NAV
    12.61
  • Change NAV $
    0.01
  • Change NAV %
    0.08
  • Date
    2021-10-21

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

September 30, 2021
Inception Date December 31, 2015
Currency CAD
Fund AUM $4.3 Million
NAVPU $12.41
Management Fee 0.75%
MER as of June 30, 2021 (unaudited) 1.15%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics - Equity

Number of Securities 70
Dividend Yield 1.4%

Portfolio Characteristics - Fixed Income

Number of Securities 70
Number of Issuers 100
Average Term to Maturity (Years) 6.7
Average Duration (Years) 3.2
Average Coupon (%) 4.7%
Yield to Maturity (%) 4.0%
Current Yield (%) 4.3%
Average Credit Quality BB+

Credit Quality Breakdown

The NAVs posted are post-distribution.

Top 10 Holdings - Equity

September 30, 2021
Security % of fund
Microsoft 2.1%
National Bank 2.1%
TC Energy Corp (TRP.PR.F) 2.0%
WSP Global 1.9%
Pembina Pipeline Corp (PPL.PR.Q) 1.7%
Enbridge Inc (ENB.PR.F) 1.6%
Bank of Montreal 1.6%
Sun Life Financial Inc. (SLF.PR.K) 1.4%
Schneider Electric SE 1.4%
Generac Holdings Inc. 1.3%
Total 17.1%

Top 10 Holdings - Fixed Income

September 30, 2021
Security % of fund Rating
Air Canada 4.625% Aug 15, 2029 3.2% BB
GE Capital Corp FRN May 5, 2026 (USD) (Q LIBOR +38) 1.9% BBB+
Bombardier Inc. 7.875% Apr 15, 2027 (USD) 144A 1.8% CCC+
American Airlines Inc. 11.75% Jul 15, 2025 (USD) 144A 1.6% 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
CIBC FRN Jul 15, 2026 (CORRA +58) 1.1% A
TransCanada Pipelines FRN May 15, 2067 (Q LIBOR+221) (USD) 1.0% BBB
Spirit Aerosystems Inc. 4.6% Jun 15, 2028 (USD) 0.9% CCC+
Maxar Technologies Inc. 9.75% Dec 31, 2023 (USD) 0.9% B
Total 15.2%

Geographic Breakdown

Inception Date

December 31, 2015

As of Date

September 30, 2021

Compound Returns

  • 1 Month
    -2.3%
  • 3 Months
    1.9%
  • YTD
    12.6%
  • 1 Year
    21.3%
  • 3 Year
    (Annualized)
    7.4%
  • 5 Year
    (Annualized)
    5.8%
  • Since Inception
    (Annualized)
    5.9%

Calendar Year Returns

Distributions

Distribution Frequency: Quarterly
Most Recent Distribution per Unit: 0.0493
12-Month Trailing Distribution Yield: 1.8%
Next Record Date: 30 December 2021
Next Distribution Date: 31 December 2021

Quarterly Distributions

Record Date Distribution Date
March 25, 2021 March 26, 2021
June 24, 2021 June 25, 2021
September 23, 2021 September 24, 2021
December 30, 2021 December 31, 2021
Distributions ($)/Unit3 YTD* 2020 2019 2018 2017 2016
Total Distributions 0.1418 0.2626 0.2070 0.2184 0.2014 0.1869
Interest 0.0351 0.0000 0.0000 0.0000 0.0005
Dividends 0.2390 0.2180 0.2274 0.2066 0.1962
Capital Gains 0.0000 0.0000 0.0000 0.0000 0.0000
Withholding Tax (0.0114) (0.0110) (0.0089) (0.0052) (0.0098)

*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.