LYZ531 A
All Country Long/Short Equity Fund
Series A


  • Asset Class
  • Category
    Alternative Equity Focused
  • Risk Rating
    Low to Medium
  • Number of Securities


  • CDN $ NAV
  • Change NAV $
  • Change NAV %
  • Date


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

Fund Facts

March 31, 2021
Inception Date May 11, 2020
Currency CAD
NAVPU $10.57
Management Fee 1.90%
Performance Fee 20%
MER as of December 31, 2020 2.24%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
Fund Net AUM $7.3 Million
Total Long AUM $10.6 Million
Total Short AUM -$3.3 Million

Portfolio Characteristics

Dividend Yield 0.6%

Portfolio Characteristics

Number of Securities Long 52
Number of Securities Short 28
Cash Weighting 34.7%

The NAVs posted are post-distribution.

Top 10 Holdings (Long)

March 31, 2021
Security % of fund
Alcoa Corp 4.2%
Goeasy Ltd 4.0%
Trisura Group Ltd 3.8%
Freshpet Inc 3.6%
Sea Ltd 3.5%
Goodyear Tire & Rubber Co 3.5%
Valero Energy Corp 3.1%
Bank of America Corp. 3.1%
Transcontinental Inc. 3.0%
West Fraser Timber Co. 3.0%
Total 34.5%

Top 10 Holdings (Short)

March 31, 2021
Security % of fund
Air Products & Chemicals Inc -2.1%
Franco-Nevada Corp. -1.9%
Waste Connections Inc. -1.9%
Emera Inc. -1.8%
TMX Group Inc. -1.8%
Cargojet Inc -1.8%
Intel Corporation -1.8%
TC Energy Corp -1.8%
eHealth Inc -1.8%
KP Tissue -1.7%
Total -18.3%

Geographic Breakdown

Performance data is not available as Series A has not been offered under a prospectus for 12 consecutive months.


Distribution Frequency: Annual
Most Recent Distribution per Unit: $0.0000
12-Month Trailing Distribution Yield: 0.0%
Next Record Date: December 30, 2021
Next Distribution Date: December 31, 2021

Annual Distributions

Record Date Distribution Date
December 16, 2021 December 17, 2021
Distributions ($)/Unit2 YTD* 2020
Total Distributions 0.0000 0.0000
Interest 0.0000
Dividends 0.0000
Capital Gains 0.0000
Withholding Tax 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. 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.