Terms of use

By accessing Lysander Funds Limited’s (“Lysander”) website or any of its pages, or having correspondence with an email address that ends in (a “Lysander email”), you understand, accept and agree to the terms set out herein. If you do not accept and agree, do not access Lysander’s website or any of its pages, or have further correspondence with a Lysander email.

The information posted on Lysander’s website or communicated through a Lysander email is not an offer to sell or a solicitation to buy any security nor does it constitute an offer by Lysander to provide investment advisory services. Contents on this website or in communications from a Lysander email is provided on an “as is” basis and is subject to change and periodic revision at any time. Certain information posted on Lysander’s website or communication through a Lysander email has been derived or obtained from sources believed to be trustworthy and/or reliable. Lysander does not assume responsibility for the accuracy, currency, reliability or correctness of information received from other parties. Lysander, its affiliates, the directors, officers and employees of the foregoing, or content providers will not be responsible in any manner for direct, indirect, special or consequential damages howsoever caused, in connection with or arising out of the use of Lysander’s website or communications from a Lysander email. Investors must contact their own Investment Professionals for any additional information.

No investment recommendations or professional advice

The information and materials on Lysander’s website or in communications from a Lysander email are provided for informational purposes only. They are not intended as investment, financial, legal, accounting, tax or other advice and should not be relied upon in that regard. All information herein with respect to any investment fund is qualified in its entirety by the more detailed information contained in each fund’s offering documents. Each potential investor should read the offering documents in their entirety and should carefully consider the risk warnings and disclosures set out therein before making an investment decision.

The information and materials on Lysander’s website or communications from a Lysander email should not be considered a recommendation to buy, sell or short a particular security. Any specific securities discussed are intended as an illustration of a portfolio manager’s security selection process. The funds may sell these securities at any time, or purchase securities that have previously been sold. The securities or short positions may increase or decrease in value after the date hereof, and the funds may accordingly gain or lose money on the investment in the securities. The statements by the portfolio managers in their commentaries are intended to illustrate their approach in managing the funds, and should not be relied upon for any other purpose.

For Canadian Residents

Lysander’s website is solely for investors or prospective investors resident in Canada.

Prospectus Funds and Offering Memorandum Funds

Lysander is the investment fund manager (“IFM”) of the Prospectus Funds, ETF,  Closed-end Fund and Alternative Funds.  Canso Fund Management Ltd. (“CFM”) is the IFM of the Offering Memorandum Funds.  Employees and personnel are acting on behalf of Lysander in respect of the Prospectus Funds, ETF, Closed-end Fund and Alternative Funds and on behalf of CFM in respect of the Offering Memorandum Funds.

Purchases in the Prospectus Funds or Offering Memorandum Funds, ETF,Closed-end Fund and Alternative Funds can only be made through an Investment Professional on the terms in a fund’s offering memorandum, prospectus or simplified prospectus by qualified investors. For example, only accredited investors may invest in funds sold via an offering memorandum.  Each purchaser of units in a fund may have statutory or contractual rights of action. The information in these documents are subject to change without notice.

Lysander-Canso Credit Opportunities Fund and Lysander-Triasima All Country Long/Short Equity Fund are alternative mutual funds. They have 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 these funds 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 funds’ investment objectives and strategies, during certain market conditions they may accelerate the pace at which your investment decreases in value. The Funds have also obtained additional flexibility from certain regulatory provisions through exemptive relief as described in the prospectus.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the applicable offering memorandum, prospectus or simplified prospectus before investing.

Unless otherwise specified, 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 securityholder that would have reduced returns.  Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. Investment funds are not guaranteed; their values change frequently and past performance may not be repeated.

You will usually pay brokerage fees to your dealer if you purchase or sell units of funds listed on the Toronto Stock Exchange (TSX). If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of these investment funds and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of a closed-end fund.  These investment fund must prepare disclosure documents that contain key information about the fund.  You can find more detailed information about the fund in these documents.

Forward Looking Statements

Lysander’s website or communications from a Lysander email may contain forward-looking statements. Statements concerning a fund’s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of the fund are forward-looking statements.  The words “believe”, “expect”, “anticipate”, “estimate”, “intend”, “aims”, “may”, “will”, “would” and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to important risks and uncertainties that could cause actual results to differ materially from current expectations. While Lysander considers these risks and uncertainties to be reasonable based on information currently available, they may prove to be incorrect. The content on Lysander’s website or communications from a Lysander email is subject to change without notice.  Information given on a particular date may no longer be current when Lysander’s website or the communication from a Lysander email is accessed on a later date.

Links to Other Websites

Links to non-Lysander websites are provided solely as pointers to information on topics that may be useful to users of the Lysander website or communications from a Lysander email. Lysander does not control the content on such non-Lysander websites. Lysander makes no warranties, either express or implied, concerning the content of such websites, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does Lysander warrant that such website or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such website or content is free of viruses or other contamination. Lysander does not guarantee the authenticity of any document on the Internet. Links to non-Lysander websites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such websites, or any representation regarding the content at such websites.

Other websites which may provide access to Lysander’s website by hypertext links are entirely independent of Lysander’s website. Any direction by a third party to Lysander’s website shall not, in any manner, be construed as an endorsement by Lysander of such party’s website, products or services.

Social Media

Lysander’s social media accounts may follow other users, share or provide hyperlinks to third-party content and “like/favourite” third-party content. Doing so is intended to provide additional perspective and should not be construed as an endorsement for any individuals, services, products, guidance or points of view. Comments and opinions posted by users are the responsibility of the person who posts them. Lysander does not endorse or guarantee the accuracy of the content posted by others. Any opinions expressed by our followers are those of the persons submitting the comments and do not necessarily represent the views of Lysander.

Lysander reserves the right to block any follower who posts content that is deemed inappropriate or offensive or that constitutes a testimonial, advice, recommendation or advertisement for securities, products or services or that is promotional in nature. Lysander also reserves the right to block followers whose social media pages contain offensive or inappropriate content or serve as promotional sites.

Trade-marks and Copyrights

Certain names, words, titles, phrases, logos, icons, graphics or designs on the pages of Lysander’s website or in communications from a Lysander email may constitute trade names, registered or unregistered trade-marks or service marks of Lysander Funds Limited or other third parties. ®Lysander Funds is a registered trademark of Lysander Funds Limited.

Governing Law

Your access to and terms of use of the Lysander website is governed by the laws of the Ontario, Canada and the federal laws of Canada applicable in that province.


Information included in Lysander emails are intended for the use of the individual(s) or entities named and should be treated as privileged, confidential, private and exempt from disclosure under any applicable law. If the reader is not the intended recipient, any dissemination, distribution, copying or use of any kind of this communication is strictly prohibited. If you have received an email from Lysander in error, please notify the sender immediately and destroy all copies of the email.

Benchmarks and Other Sources of Data

Certain information presented by Lysander is obtained from sources other than Lysander.  Lysander endeavours to use reasonable efforts to identify the source of such information.  Set out below are the terms and conditions in connection with Lysander’s use of information from the respective sources.

FTSE Disclaimer:

Copyright © 2021 FTSE Global Debt Capital Markets Inc. All rights reserved.  FTSE Global Debt Capital Markets Inc (“FTDCM”), FTSE International Limited (“FTSE”) or the London Stock Exchange Group companies (the “Exchange” and, together with FTDCM and FTSE, the “Licensor Parties”). The Licensor Parties make no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Canada Indices (“the Indices”) and/or the figure at which the said Indices stand at any particular time on any particular day or otherwise. The Indices are compiled and calculated by FTDCM and all copyright in the Indices values and constituent lists vests in FTDCM. The Licensor Parties shall not be liable (whether in negligence or otherwise) to any person for any error in the Indices and the Licensor Parties shall not be under any obligation to advise any person of any error therein.

“FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTDCM under licence. “FTSE®” is a trade mark of the FTSE International Limited and is used by FTDCM under license.

ICE BofAML Disclaimer:

Any unauthorized use or disclosure is prohibited. Nothing herein should in any way be deemed to alter the legal rights and obligations contained in agreements between any ICE Data Services entity (“ICE”) and their clients relating to any of the Indices or products or services described herein. The information provided by ICE and contained herein is subject to change without notice and does not constitute any form of representation or undertaking.  ICE and its affiliates make no warranties whatsoever either express or implied as to merchantability fitness for a particular purpose or any other matter in connection with the information provided. Without limiting the foregoing ICE and its affiliates makes no representation or warranty that any information provided hereunder are complete or free from errors omissions or defects. All information provided by ICE is owned by or licensed to ICE. ICE retains exclusive ownership of the ICE Indices including the ICE BofAML Indexes and the analytics used to create this analysis ICE may in its absolute discretion and without prior notice revise or terminate the ICE information  Indices and analytics at any time. The information in this analysis is for internal use only and redistribution of this information to third parties is expressly prohibited.

Neither the analysis nor the information contained therein constitutes investment advice or an offer or an invitation to make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities. The information and calculations contained in this analysis have been obtained from a variety of sources including those other than ICE and ICE does not guarantee their accuracy.  Prior to relying on any ICE information and/or the execution of a security trade based upon such ICE information you are advised to consult with your broker or other financial representative to verify pricing information. There is no assurance that hypothetical results will be equal to actual performance under any market conditions. THE ICE INFORMATION IS PROVIDED TO THE USERS “AS IS.” NEITHER ICE NOR ITS AFFILIATES NOR ANY THIRD PARTY DATA PROVIDER WILL BE LIABLE TO ANY USER OR ANYONE ELSE FOR ANY INTERRUPTION INACCURACY ERROR OR OMISSION REGARDLESS OF CAUSE IN THE ICE INFORMATION OR FOR ANY DAMAGES RESULTING THEREFROM. In no event shall ICE or any of its affiliates employees officers directors or agents of any such persons have any liability to any person or entity relating to or arising out of this information analysis or the indices contained herein.

S&P/TSX Disclaimer:

TSX © Copyright 2021 TSX Inc.  All Rights Reserved.

Morningstar Data:

© 2021 Morningstar.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results.

Refinitiv Lipper Awards

Refinitiv Lipper Fund Awards 2020 Winner Canada, Lysander-Canso Bond Fund Series A. Best Fund Over 3 and 5 Year Periods, Canadian Short Term Fixed Income. 

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

Lysander-Canso Bond Fund (Series A) was named Best Canadian Short Term Fixed Income Fund for 3 years and 5 years ending July 31, 2020 out of a classification total of 38 funds (3 years) and 37 funds (5 years). Performance for the Fund for the period ended July 31, 2020 was 8.2% (1 year), 3.7% (3 years), and 2.3% (5 years). 

Performance for the fund (Series A) for the period ended August 31, 2021, was 0.86% (1 year), 3.68% (3 years), and 2.34% (5 years).  The corresponding Refinitiv Lipper Leader ratings for Consistent Return of the fund for the same period were: N/A (1 year), 5 (3 years), and 5 (5 years).

Refinitiv Lipper Fund Awards, ©2021 Refinitiv. All rights reserved. Used under license.


Lysander Funds Limited is dedicated to treating all people in a way that allows them to maintain their dignity and independence. We are committed to taking all reasonable efforts for persons with disabilities to obtain, use or benefit from our services and facilities by:

  • Providing integration and equal opportunity;
  • Preventing and removing barriers to accessibility;
  • Permitting and enabling the use of assistive devices or other supports for accessibility and communications; and
  • Meeting accessibility requirements under the Accessibility for Ontarians with Disabilities Act (AODA) and the Integrated Accessibility Standards Regulations (IASR).

Lysander Funds Limited has an accessibility plan that is available upon request and in accessible formats, and also welcomes feedback on meeting the accessibility needs of individuals with disabilities.

Please contact us by telephone at 1-877-308-6979, e-mail at

Lysander Funds Limited is also an equal opportunity employer and welcomes employees and applicants with disabilities. If you require accommodation, please contact us to discuss how we can meet your needs.