LYZ531F

Lysander-Triasima
All Country Long/Short Equity Fund
Series F

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

Overview

  • Asset Class
    Equity
  • CIFSC Category
    Alternative Equity Focused
  • Risk Rating
    Low to Medium
  • Number of Securities (Long/Short)
    43/29

NAV

  • CAD $ NAV
    10.77
  • Change NAV $
    -0.04
  • Change NAV %
    -0.37
  • Date
    2023-09-22

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, 2023
Inception Date May 11, 2020
Currency CAD
NAVPU $11.00
Management Fee 0.90%
MER as of June 30, 2023 (unaudited) 1.32%
Minimum Initial Investment $500
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
Performance Fee 20.00%
Fund Net AUM $5.3 Million
Total Long AUM $7.6 Million
Total Short AUM -$2.3 Million
▲ The NAVs posted are post-distribution

Portfolio Characteristics

Number of Securities (Long) 43
Number of Securities (Short) 29
Dividend Yield (%) 1.3%
Cash Weighting 7.9%

Portfolio Characteristics

Dividend Yield 1.5%

Portfolio

Top 10 Holdings (Long)

Security % of Fund
Home Trust Co. 5.317%, 6/13/2024 5.7%
Badger Meter Inc. 5.5%
RBC Dep Note 2.352% Jul 2, 2024 5.4%
Toyota Credit Canada Inc. 2.11% Feb 26, 2025 5.3%
ABC-MART INC 5.3%
Manulife Bank of Canada Feb 26, 2026 5.2%
Toronto Hydro Corp 2.52% Aug 25 2026 5.1%
Vertex Pharmaceuticals Inc 4.9%
Itochu Corp 4.8%
Mitsui & Co., Ltd 4.8%
Total 52.0%

Top 10 Holdings (Short)

Security % of Fund
MATADOR RESOURCES CO . -2.4%
EAST WEST BANCORP -2.2%
PROGRESSIVE CORP, TH E -2.0%
EXXON MOBIL CORPORAT ION -2.0%
FIDELITY NAT L -2.0%
Ovintiv Inc. -1.9%
DIGITAL TURBINE INC. -1.9%
Surge Energy Inc. -1.9%
PEABODY ENERGY -1.9%
Mid-America Apartment Communities Inc. -1.8%
Total -20.0%

Geographic Breakdown

Canada 46.7%
USA 19.2%
South America 16.2%
Europe 1.3%
Asia 19.4%
Other -2.8%

Performance

Inception Date

May 11, 2020

As of Date

August 31, 2023

Compound Returns

1 Month 3 Months YTD 1 Year 3 Year
(Annualized)		 Since Inception
(Annualized)
1.8% 0.1% -2.2% -7.3% 1.7% 2.9%

Calendar Year Returns

*For the period of May 11th to Dec 31st 2020

Distributions

Distributions

Distribution Frequency Annually
Most Recent Distribution per Unit $0.0000
12-Month Trailing Distribution Yield 0.0%
Next Record Date December 14, 2023
Next Distribution Date December 15, 2023

Annual Distributions

Record Date Distribution Date
December 14, 2023 December 15, 2023
Distributions ($)/Unit2 YTD* 2022 2021 2020
Total Distributions - - - -
Interest - - - -
Dividends - - - -
Capital Gains - - - -
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-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.