LYZ800 A
Lysander-Canso
Balanced Fund
Series A

Series

  • Asset Class
    Balanced
  • Category
    Global Equity Balanced
  • Risk Rating
    Medium
  • Number of Securities
    120
  • Yield to Maturity (%)
    2.6%
  • Current Yield
    3.2%
  • Average Duration
    4.7 Years
  • Average Credit Quality
    BBB+

NAV

  • CAD $ NAV
    19.78
  • Change NAV $
    -0.04
  • Change NAV %
    -0.20
  • Date
    2021-07-27

Objectives

The Fund’s objective is to provide above average, long-term total returns consisting of both income and capital gains by investing primarily in a portfolio of fixed income securities and equities.

Investment Focus

The Fund seeks to provide capital growth while moderating equity volatility by investing in a diversified portfolio of equities and bonds. It is unrestricted in both credit quality and geographic allocation.

Fund Facts

June 30, 2021
Inception Date December 28, 2011
Currency CAD
Fund AUM $35.1 Million
NAVPU $20.19
Management Fee 1.50%
MER as of December 31, 2020 1.86%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics - Equity

Number of Securities 49
Dividend Yield 1.2%

Portfolio Characteristics - Fixed Income

Number of Securities 71
Number of Issuers 65
Average Term to Maturity (Years) 9.1
Average Duration (Years) 4.7
Average Coupon (%) 3.6%
Yield to Maturity (%) 2.6%
Current Yield (%) 3.2%
Average Credit Quality BBB+

Credit Quality Breakdown

The NAVs posted are post-distribution.

Top 10 Holdings - Equity

June 30, 2021
Security % of fund
Bombardier Inc. 5.7%
Cenovus Energy Inc. 4.5%
Hertz Global Holdings Inc. 4.2%
Manulife Financial Corp. 4.1%
Yellow Pages Limited 4.0%
MDA Ltd. 3.6%
Apple Inc. 3.5%
SNC Lavalin 3.3%
Enbridge Inc. 3.1%
Ovintiv Inc. 2.9%
Total 39.0%

Top 10 Holdings - Fixed Income

June 30, 2021
Security % of fund Rating
BMO FRN Feb 16, 2022 (CORRA + 15) 3.2% AA-
Honda Canada Finance Inc. FRN Feb 26, 2024 (Q CDOR +9) 2.6% A-
MetLife Global Funding I FRN Sep 27, 2022 (Q CDOR +50) 1.5% AA-
The Walt Disney Company 3.057% Mar 30, 2027 1.2% A-
TransCanada Pipelines FRN Jun 9, 2024 (Q CDOR +29) 1.2% BBB+
Boeing Co 2.196% Feb 4, 2026 (USD) 1.2% BBB-
AT&T Inc. 4.85% May 25, 2047 0.9% BBB
MetLife Global Funding l 1.95% Mar 20, 2028 0.9% AA-
TransCanada Pipelines FRN May 15, 2067 (Q LIBOR+221) (USD) 0.8% BBB
Strait Crossing Dev. Inc. (amort) 6.17% Sep 15, 2031 0.8% BBB-
Total 14.3%

Geographic Breakdown

Inception Date

December 28, 2011

As of Date

June 30, 2021

Compound Returns

  • 1 Month
    3.4%
  • 3 Months
    6.2%
  • YTD
    24.5%
  • 1 Year
    53.0%
  • 3 Year
    (Annualized)
    9.1%
  • 5 Year
    (Annualized)
    12.3%
  • Since Inception
    (Annualized)
    10.6%

Calendar Year Returns

Distributions

Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0058
12-Month Trailing Distribution Yield: 0.2%
Next Record Date: September 23, 2021
Next Distribution Date: September 24, 2021

Quarterly Distributions

Record Date Distribution Date
June 24, 2021 June 25, 2021
September 23, 2021 September 24, 2021
December 16, 2021 December 17, 2021
Distributions ($)/Unit3 YTD* 2020 2019 2018 2017 2016 2015 2014 2013 2012
Total Distributions 0.0282 0.0301 0.1112 1.2100 0.0210 0.5712 0.7556 0.0384 0.0313 0.0536
Interest 0.0048 0.0151 0.0115 0.0004 0.0097
Dividends 0.0268 0.1046 0.1643 0.0191 0.0915 0.0218 0.0399 0.0313 0.0439
Capital Gains 0.0000 1.0395 0.0019 0.4799 0.7338
Withholding Tax (0.0015) (0.0085) (0.0052) (0.0006) (0.0015)

*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-Canso Balanced 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 © 2021 MSCI Inc. All rights reserved. 2Fixed income securities unrated by external agencies are assigned an internal Canso rating for Average Credit Quality. 3Distributions are based on the actual number of units outstanding at the relevant time. Distributions 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.