LYZ910 A
Lysander-Seamark
Balanced Fund
Series A

Series

  • Asset class
    Balanced
  • Category
    Global Equity Balanced
  • Risk Rating
    Low to Medium
  • Number of Securities
    95
  • Yield to Maturity
    2.3%
  • Current Yield
    2.6%
  • Average Duration
    7.3 Years
  • Average Credit Quality
    AA

NAV

  • CDN $ NAV
    10.70
  • Change NAV $
    -0.09
  • Change NAV %
    -0.83
  • Date
    2020-02-28

Objectives

The Fund’s objective is to provide 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

Invests in the equity and fixed income securities of global companies with sustainable competitive advantages and durable growth prospects.

Fund Facts

Series Inception Date December 30, 2014
Currency CAD
Fund AUM $1.9 Million
NAVPU $11.10
Management Fee 1.50%
MER (As of June 30, 2019 - unaudited) 1.99%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics - Equity

Number of Securities 65
Dividend Yield 3.1%

Portfolio Characteristics - Fixed Income

Number of Securities 30
Number of Issuers 23
Average Term to Maturity (Years) 9.1
Average Duration (Years) 7.3
Average Coupon (%) 2.6%
Yield to Maturity (%) 2.3%
Current Yield (%) 2.6%
Average Credit Quality2 AA

Credit Quality Breakdown (%)

The NAVs posted are post-distribution.

Top 10 Holdings - Equity

December 31, 2019
Security % of fund
Manulife Financial Corp. 2.0%
Canadian Natural Resources 1.8%
Royal Bank of Canada 1.6%
IA Financial Corp. 1.6%
Suncor Energy Inc. 1.6%
Bank of Nova Scotia 1.6%
Emera Inc. 1.5%
TC Energy Corp. 1.5%
Toronto Dominion Bank 1.4%
Franco Nevada 1.4%
Total 15.9%

Top 10 Holdings - Fixed Income

December 31, 2019
Security % of fund Rating
NB Province 4.55 26 MAR 37 1.7% Ah
Toyota CC 2.02 28Feb22 1.6% AAl
AIMRL 2.712 01 JUN 29 1.4% AAl
BNS 2.49 23 SEP 24 1.3% AAl
Canada Housing Trust 2.65 15 DEC 28 1.3% AAA
Manulife 3.317 09 MAY 28/23 1.1% Al
CPPIB 3.0 15 JUN 28 1.1% AAA
Canada Housing Trust 2.90 15 JUN 24 1.1% AAA
NS Province 4.40 01 JUN 42 1.1% Ah
OPB Finance 2.98 25 JAN 27 1.1% AAh
Total 12.9%  

Geographic Breakdown

Inception Date

December 30, 2014

As of Date

December 31, 2019

Compound Returns

  • 1 Month
    -0.1%
  • 3 Months
    2.9%
  • YTD
    12.1%
  • 1 Year
    12.1%
  • 3 Year
    (Annualized)
    2.6%
  • 5 Year
    (Annualized)
    3.2%
  • Since Inception
    (Annualized)
    3.2%

Calendar Year Returns

Distributions

Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0000
12-Month Trailing Distribution Yield: 0.7%
Next Record Date: March 26, 2020
Next Distribution Date: March 27, 2020

Quarterly Distributions

Record Date Distribution Date
December 30, 2019 December 31, 2019
March 26, 2020 March 27, 2020
Distributions ($)/Unit3 YTD* 2018 2017 2016 2015
Total Distributions 0.0782 0.1170 0.0994 0.1486 0.1052
Interest          
Dividends   0.1224 0.1036 0.0976 0.0830
Capital Gains       0.0555 0.0274
Withholding Tax   (0.0054) (0.0042) (0.0045) (0.0052)

*The final tax character will be determined based on the Fund’s tax year end information

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Lysander Funds Limited is the investment fund manager of Lysander-Seamark 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. Ratings are based on DBRS. 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.