Overview
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Asset ClassEquity
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CategoryAlternative Equity Focused
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Risk RatingLow to Medium
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Number of Securities (Long/Short)47/40
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
August 31, 2022| Inception Date | May 11, 2020 |
| Currency | CAD |
| NAVPU | $11.82 |
| Management Fee | 1.90% |
| MER as of June 30, 2022 (unaudited) | 1.45% |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $100 |
| Liquidity | Daily |
| RRSP Eligible | Yes |
| Performance Fee | 20.00% |
| Fund Net AUM | $8.3 Million |
| Total Long AUM | $12.0 Million |
| Total Short AUM | -$3.6 Million |
Portfolio Characteristics
| Number of Securities (Long) | 47 |
| Number of Securities (Short) | 40 |
| Dividend Yield (%) | 2.0% |
| Cash Weighting | 6.5% |
Portfolio
Top 10 Holdings (Short)
| Security | % of Fund |
|---|---|
| Foot Locker Inc. | -2.4% |
| Moderna Inc. | -2.0% |
| Uber Technologies In C | -1.8% |
| Ishares Core Msci Em Erging Mkt | -1.7% |
| Ballard Power Systems | -1.7% |
| Meta Financial Group Inc. | -1.7% |
| Zillow Group Inc Class C | -1.7% |
| Koninklijke Vopak Nv | -1.6% |
| Allegion Plc | -1.6% |
| Cascades Inc. | -1.6% |
| Total | -17.8% |
Top 10 Holdings (Long)
| Security | % of Fund |
|---|---|
| Murphy Usa Inc. | 5.0% |
| McKesson Corp | 4.6% |
| H R Block Inc. | 4.6% |
| Hershey Co, The | 4.5% |
| Unum Group | 4.4% |
| United Healthcare Corp. | 4.3% |
| CF Industries Holdings Inc. | 4.2% |
| Iron Mountain Inc. | 4.1% |
| Suncor Energy Inc. | 4.1% |
| Aeroports De Paris | 3.9% |
| Total | 43.7% |
Geographic Breakdown
| Canada | 53.6% |
| USA | 31.1% |
| Europe | 6.5% |
| Asia | 3.2% |
Performance
Inception Date
May 11, 2020
As of Date
August 31, 2022
Compound Returns
| 1 Month | 3 Months | YTD | 1 Year | Since Inception (Annualized) |
| 1.8% | -1.8% | -4.2% | 2.2% | 7.5% |
Calendar Year Returns
Distributions
Distributions
| Distribution Frequency | Annually |
| 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 | - | - | - |
| Interest | - | - | - |
| Dividends | - | - | - |
| Capital Gains | - | - | - |
| Withholding Tax | - | - | - |
Documents
Fund Profile
Regulatory Documents
Final Tax Year End Distributions
Resources
Lysander-Triasima All Country Long/Short Equity Fund
Second Quarter Commentary
The economy COVID-19’s influence on economic activity has become largely immaterial by now. Notwithstanding, some impact was recently felt in China due to their zero-COVID policy shutdowns. Inflation rose further in advanced countries to levels unexpected…
Lysander-Triasima All Country Equity Fund
Second Quarter Commentary
The Economy COVID-19’s influence on economic activity has become largely immaterial by now. Notwithstanding, some impact was recently felt in China due to their zero-COVID policy shutdowns. Inflation rose further in advanced countries to levels unexpected…
Triasima Q4 2020 Commentary
The world has been grappling with the effects of the COVID-19 pandemic since early 2020. Governments have had the hard task of juggling restrictions and lockdowns to contain it while simultaneously protecting economic activity and supporting…