LYZ810 A
Lysander
TDV Fund
Series A
  • Asset Class
    Balanced
  • Category
    ---
  • Risk Rating
    Low to Medium
  • Number of Securities
    90
  • Yield to Maturity
    3.1%
  • Current Yield
    3.7%
  • Average Duration
    4.8 Years
  • Average Credit Quality
    A+

NAV

  • CDN $ NAV
    8.95
  • Change NAV $
    0.00
  • Change NAV %
    0.00
  • Date
    2020-09-24

Objectives

Investment Focus

The fund employs a deep value investment strategy with an unrestricted mandate both geographically and by quality. It is primarily a fixed income fund, but can invest in equity securities.

Fund Facts

December 31, 2019
Series Inception Date November 20, 2015
Currency CAD
Fund AUM $2.4 Million
NAVPU $9.96
Management Fee 1.50%
MER (As of June 30, 2019 - unaudited) 1.97%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics - Equity

Number of Securities 58
Number of Issuers 65
Average Term to Maturity (Years) 9.5
Average Duration (Years) 4.8
Average Coupon (%) 4.0%
Yield to Maturity (%) 3.1%
Current Yield (%) 3.7%
Average Credit Quality2 A+

Portfolio Characteristics - Fixed Income

Number of Securities 32
Dividend Yield 1.4%

Credit Quality Breakdown

The NAVs posted are post-distribution.

Top 10 Holdings - Equity

December 31, 2019
Security % of fund Rating
BMO CB FRN Feb 1, 2023 (3M CDOR + 19) 6.3% AAA
Canada T-Bill Mar 5, 2020 2.7% AAA
Apple Inc. 2.513% Aug 19, 2024 2.0% AA+
TD Bank CB 1.68% Jun 8, 2021 1.6% AAA
Access Justice Durham (amort) 5.015% Aug 31, 2039 1.3% A
Shaw Communications Inc. 6.75% Nov 9, 2039 1.2% BBB-
TWDC Enterprises 18 Corp. 2.758% Oct 7, 2024 1.2% A
Green Timbers LP (amort) 6.838% Jun 30, 2037 1.1% A-
ORNGE Issuer Trust (amort) 5.727% Jun 11, 2034 1.1% A+
Maxar Technologies Inc. 9.75% Dec 31, 2023 (USD) 1.0% B
Total 19.5%  

Top 10 Holdings - Fixed Income

December 31, 2019
Security % of fund
Maxar Technologies Ltd. 5.0%
General Electric 5.0%
SNC Lavalin 4.2%
Royal Bank of Scotland- SPON ADR 3.7%
Apple Inc. 3.6%
Nintendo Co Ltd ADR (USD) 3.6%
Walmart Inc. 3.2%
Enbridge Inc. 3.1%
Bombardier Inc. 2.8%
Yellow Pages Limited 2.7%
Total 36.9%

Geographic Breakdown

Inception Date

November 20, 2015

As of Date

December 31, 2019

Compound Returns

  • 1 Month
    3.3%
  • 3 Months
    9.9%
  • YTD
    15.8%
  • 1 Year
    15.8%
  • 3 Year
    (Annualized)
    3.7%
  • Since Inception
    (Annualized)
    4.4%

Calendar Year Returns

Distributions

Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.0000
12-Month Trailing Distribution Yield: 0.8%
Next Record Date: March 26, 2020
Next Distribution Date: March 27, 2020

Quarterly Distributions

Record Date Distribution Date
March 26, 2020 March 27, 2020
June 25, 2020 June 26, 2020
September 24, 2020 September 25, 2020
December 30, 2020 December 31, 2020
December 30, 2020 December 31, 2020
Distributions ($)/Unit3 YTD* 2018 2017 2016
Total Distributions 0.0808 1.0336 0.4458 0.2306
Interest   0.0084 0.0087 0.0215
Dividends   0.1503 0.0830 0.0767
Capital Gains   0.8845 0.3582 0.1364
Withholding Tax   (0.0097) (0.0041) (0.0040)

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

No posts found.

Lysander Funds Limited is the investment fund manager of Lysander TDV 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. Copyright © FTSE Canada Global Debt Capital Markets. All rights reserved. Copyright © 2019 MSCI Inc. All rights reserved. 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.