Lysander-Seamark Balanced Fund – Series F

  • Fund Code: LYZ910F
  • Portfolio Manager: SEAMARK Asset Management Ltd.
  • As of: May 31, 2025
  • 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 Rating

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 $2.3 Million
NAVPU $12.48
Management Fee 0.75%
MER as of December 31, 2024 1.11%
Minimum Initial Investment $500
Minimum Subsequent Investment $100
Liquidity Daily
RSP Eligible Yes

Compound Returns – Series F

1 Month 3 Months YTD 1 Year 3 Year
(Annualized)		 5 Year
(Annualized)		 10 Year
(Annualized)		 Since Inception
(Annualized)
2.7% -1.9% -0.1% 7.2% 6.2% 8.2% 5.3% 5.4%

Calendar Year Returns – Series F

Lysander Funds Limited
Lysander-Seamark Balanced Fund – Series F

Equity

Top 10 Holdings

Security % of Fund
Kla-Tencor Corp. 1.8%
Applied Materials 1.7%
Toronto Dominion Bank 1.7%
Bank of Nova Scotia 1.6%
JP Morgan Chase & Co 1.6%
Alphabet Inc-CL C 1.6%
Manulife Financial Corp. 1.6%
Royal Bank of Canada 1.5%
Apple Inc. 1.5%
Visa Inc. 1.4%
Total 16.0%

Portfolio Characteristics

Number of Securities 73
Dividend Yield (%) 2.7%

Fixed Income

Top 10 Holdings

Security % of Fund Rating
CANADA GOVT 5.000 01 JUN 37 2.2% AAA
CDA HSG TR 3.45 15MAR35 1.6% AAA
CANADA GOVT 4.000 JUN 01 41 1.5% AAA
CPPIB 3 15JUN28 1.3% AAA
CANADA GOVT 5.750 JUN 01 29 1.2% AAA
HONDA 1.646 25FEB28 1.1% Ah
CANADA GOVT 3.5 01MAR34 1.1% AAA
CITY OF TO 4.5 11MAR55 1.1% AAm
NOVA SCOTIA PROV 4.40 01JUN42 1.0% Ah
CANADA GOVT 2.0 01JUN28 0.9% AAA
Total 13.0%

Portfolio Characteristics

Number of Securities 49
Number of Issuers 30
Average Term to Maturity (Years) 8.1
Average Duration (Years) 6.1
Average Coupon (%) 3.1%
Yield to Maturity (%) 3.4%
Current Yield (%) 3.4%
Average Credit Quality2 AAA

Credit Quality Breakdown2

AAA 42.8%
AAH 2.8%
AAL 22.8%
AAM 12.5%
AH 13.7%
AM 5.4%
Lysander Funds Limited
Lysander-Seamark Balanced Fund – Series F

Asset Mix

Canadian Equity 29.7%
Canadian Fixed Income 31.5%
Foreign Fixed Income 0.2%
Cash & Equivalents 2.6%
International Equity 5.4%
US Equity 30.5%

Geographic Breakdown

Canada 61.2%
USA 31.9%
Australia 0.6%
Germany 0.9%
Ireland 1.1%
Netherlands 0.6%
Switzerland 0.8%
Other 2.9%

Distributions

  • Distribution Frequency: Quarterly
  • Most Recent Distribution per Unit: $0.0423
  • 12-Month Trailing Distribution Yield: 6.3%
  • Next Record Date: June 19, 2025
  • Next Distribution Date: June 20, 2025
Distributions ($)/Unit3 YTD* 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total Distributions 0.0423 0.7926 0.3305 0.7002 0.7956 0.1747 0.1961 0.2021 0.1566 0.2558 0.1632
Interest – – – 0.0308 0.0277 0.0427 – – – – –
Dividends – 0.2253 0.1984 0.1363 0.1335 0.1320 0.2077 0.2114 0.1633 0.1680 0.1288
Capital Gains – 0.5824 0.1446 0.5330 0.6344 – – – – 0.0955 0.0424
Withholding Tax – (0.0151) (0.0125) – – – (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.
Lysander Funds Limited
Lysander-Seamark Balanced Fund – Series F

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.

®Lysander Funds is a registered trademark of Lysander Funds Limited.

Lysander Funds Ltd., 3080 Yonge St., Suite 4000, Toronto, ON, M4N 3N1
Toll Free: (877) 308-6979 Website: www.lysanderfunds.com
Lysander Funds Limited