Lysander-Crusader Equity Income Fund - Series F

Fund Code: LYZ900F

  • Portfolio Manager: Crusader Asset Management Inc.
  • As of September 30, 2018
  • Fund Category: Equity
  • Benchmark: S&P/TSX Composite Total Return Index1
Investment Focus

A Canadian equity fund with a concentrated portfolio that invests primarily in income producing securities.

Risk Tolerance
Low
Medium
High
Why Invest in This Fund

Crusader Asset Management's founder, Frank Stadler, has over 30 years of industry experience. In addition to acting as lead portfolio manager of the Fund he also serves as Head, Tactical Asset Allocation & Chair, Asset Mix Committee for one of Canada’s largest public-sector pension plans with assets of more than $50 billion.

Frank is passionate about exploiting perceived inefficiencies in the Canadian equity capital market applying a combination of quantitative, qualitative, and macro disciplines to dividend investing. His investment process is conceived and refined over two decades using skills developed as Managing Director in Derivatives at CIBC and as Global Head, Derivatives & Structured Products Advisory and Portfolio Manager for Investors Group.

  • Process-driven - A quantitative / macro top-down combined with fundamental bottom-up investment process, facilitates the need for capital preservation and thematic security selection. He has been defensive with a combination of security selection, cash and option strategies.
  • Tax-preferred Income - A concentrated and focused portfolio that seeks to own Canadian equity securities with an above-median dividend yield.
  • Alignment of Interests - The portfolio manager has invested the majority of his life savings in the Fund, convinced that his active management provides the most attractive risk-adjusted rate of return.
Compound Returns - Series F
1 Month 3 Months YTD 1 Year 3 Year
(Annualized)
Since Inception
(Annualized)
-2.3% -2.3% 0.2% 4.2% 7.7% 7.0%
Fund Facts
Series Inception Date December 30, 2014
Currency CAD
Fund AUM $14.7 Million
NAVPU $12.57
Management Fee 1.00%
MER (As of June 30, 2018 - unaudited) 1.43%
Minimum Initial Investment $5,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
Portfolio Characteristics
Number of Securities 34
Dividend Yield 4.0%
Top 10 Holdings
Security Name % of Fund
Nevsun Resources Ltd 4.5%
Royal Bank of Canada 4.4%
Husky Energy Inc 4.1%
Enerplus Corp. 4.0%
Toronto Dominion Bank 4.0%
ARC Resources Ltd. 3.8%
Canadian Imperial Bank of Commerce 3.6%
Ag Growth International Inc 3.5%
Suncor Energy Inc. 3.3%
Norbord Inc. 3.3%
Total 38.6%
Calendar Year Returns - Series F
Geographic Breakdown
geo
Canada 99.0%
USA 1.0%
Other 0.0%
Distributions
Distribution Frequency: Quarterly
Most Recent Distribution per Unit: $0.1072
12-Month Trailing Distribution Yield: 8.3%
Next Record Date: December 28, 2018
Next Distribution Date: December 31, 2018
Distributions ($)/Unit2 YTD* 2017 2016 2015
Total Distributions 0.2831 1.0422 0.5421 0.3717
Interest   --- --- ---
Dividends   0.4906 0.5421 0.3717
Capital Gains   0.5516 --- ---
Withholding Tax   --- --- ---

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

See the Simplified Prospectus for more details on the Lysander-Crusader Equity Income Fund ("the Fund"). This document is not an invitation to invest in the Fund, nor does it constitute a public offering of sale. 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 based on calculated net asset values per unit, which are net of management fees, operating expenses, and applicable taxes. These returns include changes in unit value and reinvestment of all distributions and do not take into account certain fees such as redemption fees or optional charges or income taxes payable by any securityholder that would have reduced returns. Series F units are only available to eligible investors who have fee based accounts with their dealer. Sales charges and trailing commissions are not payable on Series F units, however investors may pay other fees to their dealer for investment advice and other services. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated. 1Source: TSX © Copyright 2018 TSX Inc. All Rights Reserved. 2Distributions 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.