Lysander-Seamark Balanced Fund – Series A
- Fund Code: LYZ910A
- Portfolio Manager: SEAMARK Asset Management Ltd.
- As of: February 29, 2024
- Asset Class: Balanced
- CIFSC Category: Global Equity Balanced
- Benchmark: Lysander-Seamark Balanced Blended Benchmark1
Investment Focus
Invests in the equity and fixed income securities of global companies with sustainable competitive advantages and durable growth prospects.
Risk Tolerance
Why Invest in this Fund?
SEAMARK takes a long-term approach to their investment strategy. There is an emphasis on high quality securities with low turnover in the portfolio. This allows the Fund to make and hold SEAMARK’s convictions through the economic cycle. SEAMARK builds high quality portfolios drawing on a combined 115 years of experience of the portfolio managers in the industry.
- Takes a conservative approach to portfolio construction to manage risk.
- High quality fixed income securities with reliable income stream
- Equities are selected using bottom-up, fundamental approach of identifying companies with long-term investment merit based on SEAMARK’s assessment of the issuer’s strength of management, competitive position and strong balance sheets, with preference being given to companies with durable growth prospects.
Fund Facts
Inception Date | December 30, 2014 |
Currency | CAD |
Fund AUM | $2.2 Million |
NAVPU | $12.51 |
Management Fee | 1.50% |
MER as of June 30, 2023 (unaudited) | 1.99% |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $100 |
Liquidity | Daily |
RSP Eligible | Yes |
Compound Returns – Series A
1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
---|---|---|---|---|---|---|
1.9% | 4.3% | 1.2% | 6.6% | 5.4% | 6.1% | 4.2% |
Calendar Year Returns – Series A
Equity
Top 10 Holdings
Security | % of Fund |
---|---|
Kla-Tencor Corp. | 2.5% |
Applied Materials | 2.2% |
Manulife Financial Corp. | 1.6% |
Royal Bank of Canada | 1.5% |
Apple Inc. | 1.5% |
Bank of Nova Scotia | 1.5% |
JP Morgan Chase & Co. | 1.5% |
Toronto Dominion Bank | 1.5% |
Sap Adr | 1.4% |
Alphabet Inc-CL C | 1.4% |
Total | 16.6% |
Portfolio Characteristics
Number of Securities | 73 |
Dividend Yield (%) | 2.8% |
Fixed Income
Top 10 Holdings
Security | % of Fund | Rating |
---|---|---|
CANADA GOVT 5.000 01 JUN 37 | 1.4% | AAA |
CANADA GOVT 5.750 JUN 01 29 | 1.2% | AAA |
BMW CANADA INC .99 14JAN25 | 1.1% | Al |
HONDA 1.646 25FEB28 | 1.1% | 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 |
BNS 1.4 01NOV27 | 0.8% | AAl |
ONTARIO PROV 1.05 08SEP27 | 0.8% | AAl |
BAC FRN 16MAR26 | 0.8% | AAl |
Total | 9.9% |
Portfolio Characteristics
Number of Securities | 49 |
Number of Issuers | 35 |
Average Term to Maturity (Years) | 6.4 |
Average Duration (Years) | 5.1 |
Average Coupon (%) | 3.1% |
Yield to Maturity (%) | 4.3% |
Current Yield (%) | 4.3% |
Average Credit Quality2 | AA |
Credit Quality Breakdown2
AAA | 34.1% |
AAH | 4.3% |
AAL | 22.2% |
AAM | 10.0% |
AH | 14.1% |
AM | 6.9% |
AL | 8.4% |
Asset Mix
Canadian Equity | 29.6% |
Canadian Fixed Income | 27.9% |
Foreign Fixed Income | 0.8% |
Cash & Equivalents | 0.9% |
International Equity | 5.6% |
US Equity | 35.2% |
Geographic Breakdown
Canada | 59.1% |
USA | 33.7% |
Australia | 0.8% |
Germany | 1.4% |
Ireland | 0.4% |
Netherlands | 0.9% |
Switzerland | 1.2% |
United Kingdom | 2.7% |
Other | -0.4% |
Distributions
- Distribution Frequency: Quarterly
- Most Recent Distribution per Unit: $0.1829
- 12-Month Trailing Distribution Yield: 1.9%
- Next Record Date: March 21, 2024
- Next Distribution Date: March 22, 2024
Distributions ($)/Unit3 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Total Distributions | 0.0000 | 0.2432 | 0.7605 | 0.1627 | 0.0516 | 0.0782 | 0.1170 | 0.0994 | 0.1486 | 0.1052 |
Interest | – | – | 0.0335 | 0.0057 | 0.0126 | – | – | – | – | – |
Dividends | – | 0.1460 | 0.1481 | 0.0273 | 0.0390 | 0.0828 | 0.1224 | 0.1036 | 0.0976 | 0.0830 |
Capital Gains | – | 0.1064 | 0.5789 | 0.1297 | – | – | – | – | 0.0555 | 0.0274 |
Withholding Tax | – | (0.0092) | – | – | – | (0.0046) | (0.0054) | (0.0042) | (0.0045) | (0.0052) |
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. Please read the prospectus before investing. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds.
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. Investment funds are not guaranteed or insured, their values change frequently and past performance may not be repeated.
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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.
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