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.
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.
Inception Date | December 28, 2011 |
Currency | CAD |
Fund AUM | $29 Million |
NAVPU | $16.24 |
Management Fee | 1.50% |
MER as of June 30, 2020 (unaudited) | 1.91% |
Minimum Initial Investment | $1,000 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RRSP Eligible | Yes |
Number of Securities | 50 |
Dividend Yield | 1.6% |
Number of Securities | 73 |
Number of Issuers | 64 |
Average Term to Maturity (Years) | 14.9 |
Average Duration (Years) | 8.0 |
Average Coupon | 5.6% |
Yield to Maturity | 3.9% |
Current Yield | 4.9% |
Average Credit Quality | BBB- |
▲The NAVs posted are post-distribution.
Security | % of fund | |
---|---|---|
Nintendo Co Ltd | 4.7% | |
Manulife Financial Corp. | 4.6% | |
Apple Inc. | 4.2% | |
Ovintiv Inc. | 4.1% | |
Yellow Pages Limited | 4.1% | |
Cenovus Energy Inc. | 4.1% | |
Kraft Heinz Co. | 3.4% | |
General Electric | 3.2% | |
Maxar Technologies Inc. | 3.2% | |
GoPro Inc | 3.1% | |
Total | 38.7% |
Security | % of fund | Rating |
---|---|---|
The Walt Disney Company 3.057% Mar 30, 2027 | 1.5% | A- |
Boeing Co 5.805% May 1, 2050 (USD) | 1.2% | BBB- |
AT&T Inc. 4.85% May 25, 2047 | 1.1% | BBB |
Strait Crossing Dev. Inc. (amort) 6.17% Sep 15, 2031 | 1.0% | BBB- |
Shaw Communications Inc. 6.75% Nov 9, 2039 | 0.9% | BBB |
TransCanada Pipelines FRN May 15, 2067 (Q LIBOR+221) (USD) | 0.9% | BBB |
Pembina Pipeline Corp 4.75% Mar 26, 2048 | 0.8% | BBB |
Maxar Technologies Inc. 9.75% Dec 31, 2023 (USD) | 0.8% | B |
BMO (AT1) 4.30% Nov 26, 2025/2080 | 0.7% | BBB- |
Pembina Pipeline Corp 4.54% Apr 3, 2049 | 0.7% | BBB |
Total | 9.6% |
Distribution Frequency: Quarterly |
Most Recent Distribution per Unit: $0.0000 |
12-Month Trailing Distribution Yield: 0.2% |
Next Record Date: March 25, 2021 |
Next Distribution Date: March 26, 2021 |
Record Date | Distribution Date |
---|---|
March 25, 2021 | March 26, 2021 |
June 24, 2021 | June 25, 2021 |
September 23, 2021 | September 24, 2021 |
December 16, 2021 | December 17, 2021 |
Distributions ($)/Unit3 | YTD* | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0301 | 0.1112 | 1.2100 | 0.0210 | 0.5712 | 0.7556 | 0.0384 | 0.0313 | 0.0536 |
Interest | 0.0151 | 0.0115 | 0.0004 | 0.0097 | |||||
Dividends | 0.1046 | 0.1643 | 0.0191 | 0.0915 | 0.0218 | 0.0399 | 0.0313 | 0.0439 | |
Capital Gains | 1.0395 | 0.0019 | 0.4799 | 0.7338 | |||||
Withholding Tax | (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. Fixed income securities unrated by external agencies are assigned an internal Canso rating for Average Credit Quality. 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.