LYZ531 A
Lysander-Triasima
All Country Long/Short Equity Fund
Series A

Series

  • Asset Class
    Equity
  • Category
    Alternative Equity Focused
  • Risk Rating
    Low to Medium
  • Number of securities (Long/Short)
    44/43

NAV

  • CAD $ NAV
    12.09
  • Change NAV $
    -0.09
  • Change NAV %
    -0.74
  • Date
    2022-05-13

Objectives

The Fund’s objective is to seek to provide long-term returns that are not correlated to major stock market indices by investing in, or gaining exposure to, primarily equity securities anywhere in the world.  The Fund will use alternative investment strategies such as engaging in short sales and purchasing securities on margin or with borrowed funds.

Investment Focus

Invests in equity securities of companies having a broad range of
capitalizations from anywhere in the world both long and short.
Long positions can be leveraged up to 150% of fund Net Asset
Value.

Fund Facts

April 30, 2022
Inception Date May 11, 2020
Currency CAD
NAVPU $12.37
Management Fee 1.90%
Performance Fee 20%
MER as of December 31, 2021 6.34%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
Fund Net AUM $9.0 Million
Total Long AUM $13.0 Million
Total Short AUM -$4.0 Million

Portfolio Characteristics

Dividend Yield 1.7%

Portfolio Characteristics

Number of Securities Long 44
Number of Securities Short 43
Cash Weighting 40.8%

The NAVs posted are post-distribution.

Top 10 Holdings (Long)

April 30, 2022
Security % of fund
Alcoa Corp 4.8%
Canadian Natural Resources 4.4%
MEG Energy Corp. 4.3%
Suncor Energy Inc. 4.1%
ARC Resources Ltd. 3.9%
Dream Office REIT 3.8%
United Healthcare Corp. 3.8%
CVS Health Corporation 3.8%
Teck Resources Ltd. 3.7%
ARCHER-DANIELS-MIDLA ND CO 3.7%
Total 40.3%

Top 10 Holdings (Short)

April 30, 2022
Security % of fund
BADGER INFRASTRUCTUR E SOLUTION -2.0%
Edenred SA -2.0%
Stepan Co. -1.9%
Americold Realty Trust -1.9%
ALLEGION PLC -1.8%
ISHARES CORE MSCI EM ERGING MKT -1.7%
FOOT LOCKER INC. -1.7%
Southwest Airlines Co -1.5%
Cascades Inc. -1.4%
NewMarket Corporation -1.4%
Total -17.3%

Geographic Breakdown

Inception Date

May 11, 2020

As of Date

April 30, 2022

Compound Returns

  • 1 Month
    -1.6%
  • 3 Months
    -0.2%
  • YTD
    0.2%
  • 1 Year
    12.1%
  • Since Inception
    (Annualized)
    11.4%

Calendar Year Returns

Distributions

Distribution Frequency: Annual
Most Recent Distribution per Unit: $0.0000
12-Month Trailing Distribution Yield: 0.0%
Next Record Date: December 29, 2022
Next Distribution Date: December 30, 2022

Annual Distributions

Record Date Distribution Date
December 29, 2022 December 30, 2022
Distributions ($)/Unit2 YTD* 2021 2020
Total Distributions 0.0000 0.0000 0.0000
Interest 0.0000 0.0000
Dividends 0.0000 0.0000
Capital Gains 0.0000 0.0000
Withholding Tax 0.0000 0.0000

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

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Lysander Funds Limited is the investment fund manager of Lysander-Triasima All Country Long/Short Equity Fund (the “Fund”). This document is not an invitation to invest in the Fund and does not constitute a public offering of sale. This Fund is an alternative mutual fund. It has the ability to invest in asset classes or use investment strategies that are not permitted for other types of mutual funds. The specific strategies that differentiate this Fund from other types of mutual funds include: increased use of derivatives for non-hedging purposes; increased ability to sell securities short; and the ability to borrow cash to use for investment purposes. While these strategies will be used in accordance with the Fund’s investment objectives and strategies, during certain market conditions they may accelerate the pace at which your investment decreases in value. 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 unitholder that would have reduced returns. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated. 1Bid price, yield to maturity. 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. ®Lysander Funds is a registered trademark of Lysander Funds Limited.

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