LYZ905A

Lysander-Patient Capital
Equity Fund
Series A

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

Overview

  • Asset Class
    Equity
  • CIFSC Category
    Global Equity
  • Risk Rating
    Medium
  • Number of Securities
    17

NAV

  • CAD $ NAV
    12.66
  • Change NAV $
    0.00
  • Change NAV %
    0.00
  • Date
    2023-12-05

Objectives

The Fund’s objective is to provide long-term capital growth by investing primarily in equity securities anywhere in the world.

Investment Focus

A global equity fund that invests in a diversified portfolio consisting primarily of global equity securities.

Fund Facts

October 31, 2023
Inception Date December 30, 2014
Currency CAD
Fund AUM $11.4 Million
NAVPU $12.29
Management Fee 1.80%
MER as of June 30, 2023 (unaudited) 2.13%
Minimum Initial Investment $500
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
▲ The NAVs posted are post-distribution

Portfolio Characteristics

Number of Securities 17
Dividend Yield (%) 5.7%

Portfolio

Top 10 Holdings

Security % of Fund
Canada T-Bill Due Nov 09 2023 36.7%
Cdn. Utilities Ltd. 6.0%
Honda Motor Co. Ltd. ADR 5.8%
Verizon Communications Inc. 5.7%
BCE Inc. 5.4%
Canadian Imperial Bank of Commerce 5.2%
Bank of Nova Scotia 5.0%
Toronto Dominion Bank 4.9%
Firm Capital Property Trust 4.9%
WPP PLC 4.6%
Total 84.2%

Geographic Breakdown

Canada 83.7%
USA 5.7%
Other 10.3%

Performance

Inception Date

December 30, 2014

As of Date

October 31, 2023

Compound Returns

1 Month 3 Months YTD 1 Year 3 Year
(Annualized)		 5 Year
(Annualized)		 Since Inception
(Annualized)
-1.7% -4.7% 0.9% 1.5% 9.6% 6.3% 4.2%

Calendar Year Returns

Distributions

Distributions

Distribution Frequency Quarterly
Most Recent Distribution per Unit $0.1032
12-Month Trailing Distribution Yield 2.5%
Next Record Date December 28, 2023
Next Distribution Date December 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
Lysander Funds 2023 Distribution Estimates December 31, 2023
Distributions ($)/Unit2 YTD* 2022 2021 2020 2019 2018 2017 2016 2015
Total Distributions 0.2170 0.1361 2.7860 0.0619 0.6172 0.0456 0.0373 0.0216 -
Interest - 0.0301 - - - - - - -
Dividends - 0.1060 0.2033 0.0619 0.1721 0.0382 0.0373 0.0216 -
Capital Gains - - 2.5827 - 0.4451 0.0074 - - -
Withholding Tax - - - - - - - - -
*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 Patient Capital Equity 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. 1Source: TSX © Copyright 2023 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. 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. On November 1, 2021, the portfolio manager of the fund changed from 18 Asset Management Inc. to Patient Capital Management Inc. and the investment objective of the fund no longer had a Canadian equity securities focus. These changes could have affected the performance of the fund had these changes been in effect throughout the performance measurement period.

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