LYZ910F

Lysander-Seamark
Balanced Fund
Series F

Series
Key Documents
Fund Profile
Fund Facts
Prospectus
Lysander Funds Ltd.

Overview

  • Asset Class
    Balanced
  • CIFSC Category
    Global Equity Balanced
  • Risk Rating
    Low to Medium
  • Number of Securities
    116
  • Yield to Maturity
    5.5%
  • Current Yield
    5.5%
  • Average Duration
    3.0 Years
  • Average Credit Quality
    AA

NAV

  • CAD $ NAV
    11.48
  • Change NAV $
    0.01
  • Change NAV %
    0.09
  • Date
    2023-09-22

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

August 31, 2023
Inception Date December 30, 2014
Currency CAD
Fund AUM $2.1 Million
NAVPU $11.78
Management Fee 0.75%
MER as of June 30, 2023 (unaudited) 1.15%
Minimum Initial Investment $500
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
▲ The NAVs posted are post-distribution

Portfolio Characteristics - Fixed Income

Number of Securities 46
Number of Issuers 32
Average Term to Maturity (Years) 3.3
Average Duration (Years) 3.0
Average Coupon (%) 2.9%
Yield to Maturity (%) 5.5%
Current Yield (%) 5.5%
Average Credit Quality2 AA

Portfolio Characteristics - Equity

Number of Securities 70
Dividend Yield (%) 3.0%

Credit Quality Breakdown

AAA 35.3%
AAH 4.5%
AAL 20.9%
AAM 9.9%
AH 14.9%
AM 7.3%
AL 7.2%

Portfolio

Top 10 Holdings (Equity)

Security % of Fund
Kla-Tencor Corp. 2.2%
Applied Materials 1.8%
Apple Inc. 1.6%
Royal Bank of Canada 1.5%
ATS Corporation 1.5%
Alphabet Inc-CL C 1.4%
Bank of Nova Scotia 1.3%
Toronto Dominion Bank 1.3%
Sap Adr 1.3%
IA Financial Corporation 1.3%
Total 15.2%

Top 10 Holdings (Fixed Income)

Security % of Fund Rating
CANADA GOVT 5.000 01 JUN 37 1.4% AAA
CANADA GOVT 5.750 JUN 01 29 1.3% AAA
BMW CANADA INC .99 14JAN25 1.1% Al
HONDA 1.646 25FEB28 1.0% Ah
NF 4.15 02JUN33 1.0% Am
OPB FIN TR 2.98 25JAN27 0.9% Aah
ONT TCHR FIN 4.15 01NOV29 0.8% AAA
BAC FRN 16MAR26 0.8% Aal
BNS 1.4 01NOV27 0.8% AAl
ONTARIO PROV 1.05 08SEP27 0.8% AAl
Total 9.9%

Geographic Breakdown

Canada 57.8%
USA 30.4%
Australia 0.8%
Germany 1.3%
Ireland 0.3%
Switzerland 1.3%
United Kingdom 3.1%
Other 5.0%

Performance

Inception Date

December 30, 2014

As of Date

August 31, 2023

Compound Returns

1 Month 3 Months YTD 1 Year 3 Year
(Annualized)		 5 Year
(Annualized)		 Since Inception
(Annualized)
-1.0% 1.4% 5.0% 7.4% 7.5% 5.4% 4.7%

Calendar Year Returns

Distributions

Distributions

Distribution Frequency Quarterly
Most Recent Distribution per Unit $0.0355
12-Month Trailing Distribution Yield 5.4%
Next Record Date September 28, 2023
Next Distribution Date September 29, 2023

Quarterly Distributions

Record Date Distribution Date
March 30, 2023 March 31, 2023
June 29, 2023 June 30, 2023
September 28, 2023 September 29, 2023
December 28, 2023 December 29, 2023
Distributions ($)/Unit3 YTD* 2022 2021 2020 2019 2018 2017 2016 2015
Total Distributions 0.0871 0.7002 0.7956 0.1747 0.1961 0.2021 0.1566 0.2558 0.1632
Interest - 0.0308 0.0277 0.0427 - - - - -
Dividends - 0.1363 0.1335 0.1320 0.2077 0.2114 0.1633 0.1680 0.1288
Capital Gains - 0.5330 0.6344 - - - - 0.0955 0.0424
Withholding Tax - - - - (0.0116) (0.0093) (0.0067) (0.0077) (0.0080)
*The final tax character will be determined based on the Fund’s tax year end information.

Resources

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.

15% FTSE TMX Canada 91 Day T-Bills; 27% S&P/TSX Composite Total Return Index; 20% S&P 500 Total Return Index (CAD); 40% FTSE TMX Canada Universe Bond Index; 8% MSCI EAFE Composite (CAD). Copyright © 2023 FTSE Global Debt Capital Markets Inc. All rights reserved. FTSE Global Debt Capital Markets Inc (“FTDCM”), FTSE International Limited (“FTSE”) or the London Stock Exchange Group companies (the “Exchange” and, together with FTDCM and FTSE, the “Licensor Parties”). The Licensor Parties make no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Canada Indices (“the Indices”) and/or the figure at which the said Indices stand at any particular time on any particular day or otherwise. The Indices are compiled and calculated by FTDCM and all copyright in the Indices values and constituent lists vests in FTDCM. The Licensor Parties shall not be liable (whether in negligence or otherwise) to any person for any error in the Indices and the Licensor Parties shall not be under any obligation to advise any person of any error therein.

“FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTDCM under licence. “FTSE®” is a trade mark of the FTSE International Limited and is used by FTDCM under license. Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com). Source: TSX © Copyright 2023 TSX Inc. All Rights Reserved.

2Ratings are based on DBRS. 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.