LYZ930 F
Lysander
Balanced Income Fund
(formerly Lysander-Triasima Balanced Income Fund)
Series F

Series

  • Asset Class
    Balanced
  • Category
    Global Equity Balanced
  • Risk Rating
    Low to Medium
  • Number of Securities
    57
  • Yield to Maturity
    2.5%
  • Current Yield
    4.2%
  • Average Duration
    7.3 Years
  • Average Credit Quality
    A

NAV

  • CDN $ NAV
    10.84
  • Change NAV $
    0.01
  • Change NAV %
    0.09
  • Date
    2020-11-24

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, 2019
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

Portfolio Characteristics - Equity

Number of Securities 39
Dividend Yield 3.0%

Portfolio Characteristics - Fixed Income

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

The NAVs posted are post-distribution.

Top 10 Holdings - Equity

September 30, 2019
Security % 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%

Top 10 Holdings - Fixed Income

September 30, 2019
Security % of fund Rating
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%  

Geographic Breakdown

Inception Date

December 31, 2015

As of Date

September 30, 2019

Compound Returns

  • 1 Month
    0.8%
  • 3 Months
    2.1%
  • YTD
    10.8%
  • 1 Year
    1.5%
  • 3 Year
    (Annualized)
    2.8%
  • Since Inception
    (Annualized)
    3.6%

Calendar Year Returns

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

Quarterly Distributions

Record Date Distribution Date
March 26, 2020 March 27, 2020
June 25, 2020 June 26, 2020
September 24, 2020 September 25, 2020
December 30, 2020 December 31, 2020
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.

No posts found.

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. Ratings are based on DBRS. DBRS Limited, DBRS, Inc and DBRS Ratings Limited. All Rights Reserved. http://www.dbrs.com/ Distributions 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.