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.
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.
| Inception Date | May 11, 2020 |
| Currency | CAD |
| NAVPU | $11.49 |
| Management Fee | 0.90% |
| Performance Fee | 20% |
| MER as of June 30, 2021 (unaudited) | 2.65% |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $100 |
| Liquidity | Daily |
| RRSP Eligible | Yes |
| Fund Net AUM | $9.1 Million |
| Total Long AUM | $13.5 Million |
| Total Short AUM | -$4.4 Million |
| Dividend Yield | 1.5% |
| Number of Securities Long | 51 |
| Number of Securities Short | 43 |
| Cash Weighting | 37.6% |
▲The NAVs posted are post-distribution.
| Security | % of fund | |
|---|---|---|
| Goeasy Ltd | 5.0% | |
| Alcoa Corp | 4.6% | |
| Trisura Group Ltd | 4.6% | |
| Sea Ltd | 4.2% | |
| Converge Technology Solutions | 4.2% | |
| MSCI Inc. | 3.1% | |
| Adyen NV | 2.9% | |
| Carrier Global Corp | 2.9% | |
| Pool Corporation | 2.7% | |
| AYA GOLD SILVER INC | 2.7% | |
| Total | 36.9% |
| Security | % of fund | |
|---|---|---|
| Ballard Power Systems | -1.9% | |
| Netease Inc | -1.8% | |
| JUST EAT TAKEAWAY.CO M NV | -1.6% | |
| JD.Com Inc. | -1.6% | |
| Spotify Technology S.A. | -1.6% | |
| Freshpet Inc | -1.6% | |
| GUARDANT HEALTH INC. | -1.6% | |
| PINTEREST INC | -1.5% | |
| Pan American Silver | -1.5% | |
| Niu Technologies | -1.5% | |
| Total | -16.3% |
| Distribution Frequency: Annual |
| Most Recent Distribution per Unit: $0.0000 |
| 12-Month Trailing Distribution Yield: 0.0% |
| Next Record Date: December 30, 2021 |
| Next Distribution Date: December 31, 2021 |
| Record Date | Distribution Date |
|---|---|
| December 30, 2021 | December 31, 2021 |
| Distributions ($)/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
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.