LYZ930F

Lysander
Balanced Income Fund
Series F

Series
Key Documents
Fund Profile
Fund Facts
Prospectus
Lysander Funds Ltd.

Overview

  • Asset Class
    Balanced
  • Category
    Global Equity Balanced
  • Risk Rating
    Low to Medium
  • Number of Securities
    145
  • Yield to Maturity
    5.3%
  • Current Yield
    3.9%
  • Average Duration
    1.9 Years
  • Average Credit Quality
    BBB+

NAV

  • CAD $ NAV
    11.47
  • Change NAV $
    0.02
  • Change NAV %
    0.17
  • Date
    2022-10-05

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

August 31, 2022
Inception Date December 31, 2015
Currency CAD
Fund AUM $4.0 Million
NAVPU $11.49
Management Fee 0.75%
MER as of June 30, 2022 (unaudited) 1.15%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
▲ The NAVs posted are post-distribution

Portfolio Characteristics - Fixed Income

Number of Securities 63
Number of Issuers 100
Average Term to Maturity (Years) 5.6
Average Duration (Years) 1.9
Average Coupon (%) 3.0%
Yield to Maturity (%) 5.3%
Current Yield (%) 3.9%
Average Credit Quality BBB+

Portfolio Characteristics - Equity

Number of Securities 82
Dividend Yield (%) 1.6%

Credit Quality Breakdown

AA & Higher 37.9%
A 11.9%
BBB 10.5%
BB & Lower 38.1%
Not Rated 1.5%

Portfolio

Top 10 Holdings

Security % of Fund Rating
Air Canada 4.625% Aug 15, 2029 2.9% BB
Canada 0.25% Apr 1, 2024 2.9% AAA
Canada 0.75% Oct 1, 2024 2.3% AAA
Canada 0.25% May 1, 2023 2.0% AAA
GE Capital Corp FRN May 5, 2026 (Q LIBOR+38)(USD) 2.0% BBB+
American Airlines Inc. 11.75% Jul 15, 2025 144A (USD) 1.5% B
Ford Credit Canada Co. FRN Mar 21, 2024 (Q CDOR+314) 1.5% 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-
Nav Canada 0.555% Feb 9, 2024 1.2% A+
Total 19.2%

Top 10 Holdings

Security % of Fund
TC Energy Corp (TRP.PR.F) 2.1%
Eli Lilly & Co 1.6%
Birchcliff Energy Ltd. 1.5%
Bellus Health Inc. 1.3%
BCE Inc. (BCE.PR.Q) 1.2%
Manulife Financial (MFC.PR.J) 1.2%
Sun Life Financial Inc. (SLF.PR.K) 1.2%
Boralex Inc. 1.2%
Capital Power Corp. 1.1%
Loblaws 1.1%
Total 13.6%

Geographic Breakdown

Canada 31.0%
USA 38.3%
Australia 2.1%
South America 2.4%
Europe 18.8%
Asia 6.4%
Other 1.1%

Performance

Inception Date

December 31, 2015

As of Date

August 31, 2022

Compound Returns

1 Month 3 Months YTD 1 Year 3 Year
(Annualized)		 5 Year
(Annualized)		 Since Inception
(Annualized)
0.4% -2.2% -9.8% -8.4% 4.9% 4.1% 4.1%

Calendar Year Returns

Distributions

Distributions

Distribution Frequency Quarterly
Most Recent Distribution per Unit $0.0268
12-Month Trailing Distribution Yield 1.8%
Next Record Date September 29, 2022
Next Distribution Date September 30, 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 0.0994 0.2001 0.2626 0.2070 0.2184 0.2014 0.1869
Interest - 0.0401 0.0351 - - - 0.0005
Dividends - 0.1685 0.2390 0.2180 0.2274 0.2066 0.1962
Capital Gains - - - - - - -
Withholding Tax - (0.0085) (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.

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. 1Source: FTSE Canada Global Debt Capital Markets. Copyright © FTSE Canada Global Debt Capital Markets. All rights reserved. Copyright © 2022 MSCI Inc. All rights reserved. 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.