LYZ800 F
Lysander-Canso
Balanced Fund
Series F

Series

  • Asset Class
    Balanced
  • Category
    Global Equity Balanced
  • Risk Rating
    Medium
  • Number of Securities
    126
  • Yield to Maturity (%)
    3.2%
  • Current Yield
    2.3%
  • Average Duration
    2.4 Years
  • Average Credit Quality
    A

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

April 30, 2022
Inception Date December 23, 2011
Currency CAD
Fund AUM $40.3 Million
NAVPU $20.15
Management Fee 0.75%
MER as of December 31, 2021 0.98%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics - Equity

Number of Securities 61
Dividend Yield 1.8%

Portfolio Characteristics - Fixed Income

Number of Securities 65
Number of Issuers 74
Average Term to Maturity (Years) 5.5
Average Duration (Years) 2.4
Average Coupon (%) 2.0%
Yield to Maturity (%) 3.2%
Current Yield (%) 2.3%
Average Credit Quality A

Credit Quality Breakdown

The NAVs posted are post-distribution.

Top 10 Holdings - Equity

April 30, 2022
Security % of fund
Cenovus Energy Inc. 7.8%
Ovintiv Inc. 4.2%
Manulife Financial Corp. 3.7%
Yellow Pages Limited 3.3%
Apple Inc. 3.1%
Enbridge Inc. 3.1%
Hertz Global Holdings Inc 2.9%
SNC Lavalin 2.5%
Bird Construction Inc. 2.4%
Kraft Heinz Co. 2.3%
Total 35.3%

Top 10 Holdings - Fixed Income

April 30, 2022
Security % of fund Rating
Canada 0.25% May 1, 2023 7.6% AAA
Canada 0.25% Aug 1, 2022 5.5% AAA
Honda Canada Finance Inc. FRN Feb 26, 2024 (Q CDOR+9) 2.3% A-
Bank of America Corp FRN Sep 15, 2027 (Q CDOR+60) 1.9% A
CIBC FRN Mar 4, 2025 (CORRA+46) 1.8% A
BNS FRN Aug 4, 2026 (CORRA+54) 1.4% A
Goldman Sachs FRN Apr 29, 2025 (CDOR+37) 1.2% A
First National NHA MBS FRN (98004947) Jan 1, 2027(M CDOR-11) 1.2% AAA
First National NHA MBS FRN (98004946) Jan 1, 2027(M CDOR-11) 1.2% AAA
TransCanada Pipelines FRN Jun 9, 2024 (Q CDOR+29) 1.0% BBB+
Total 25.1%

Geographic Breakdown

Inception Date

December 23, 2011

As of Date

April 30, 2022

Compound Returns

  • 1 Month
    -2.4%
  • 3 Months
    -2.3%
  • YTD
    -2.0%
  • 1 Year
    11.9%
  • 3 Year
    (Annualized)
    15.0%
  • 5 Year
    (Annualized)
    9.9%
  • 10 Year
    (Annualized)
    10.7%
  • Since Inception
    (Annualized)
    11.0%

Calendar Year Returns

Distributions

Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0614
12-Month Trailing Distribution Yield: 17.3%
Next Record Date: June 23, 2022
Next Distribution Date: June 24, 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 15, 2022 December 16, 2022
Distributions ($)/Unit3 YTD* 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Total Distributions 0.0614 3.5081 0.2335 0.3572 1.4407 0.1465 0.7799 0.9180 0.1036 0.1173 0.1175
Interest 0.0061 0.0374 0.0484 0.0136 - 0.0005 - 0.0076 0.0258
Dividends 0.1915 0.2075 0.3361 0.1956 0.1336 0.1250 0.0265 0.1078 0.1097 0.0590
Capital Gains 3.3196 0.0000 1.2376 0.0129 0.6553 0.8915 - 0.0327
Withholding Tax (0.0091) (0.0114) (0.0273) (0.0062) - (0.0009) - (0.0042) - -

*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.

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