Lysander Bond Fund
Investing from the ground up
Crusader Equity Income Fund As of September 30, 2014 Objective
LYZ 900A/900F
The investment objective of the Fund is to earn income, preserve capital and to achieve long term capital growth by investing in a diversified portfolio composed primarily of high yield dividend equity securities; however, other equity-like income producing securities, debt and money market securities may be used to achieve its objective.
Fund Information (As of September 30, 2014)
Inception Date: July 31, 2012
Investment Approach and Philosophy Crusader Asset Management Inc. is a quantitative investment specialist directly managing or advising clients whose collective AUM is in excess of $21 billion. Crusader’s investment expertise stems from more than 26 years of capital markets and investment management experience. Crusader’s proprietary quantitative models form the basis of the Fund’s investment positioning. Crusader’s quantitative style is unique in that dynamic modeling is deployed versus traditional static models. Dynamic modeling facilitates constant factor and regime analysis to optimize portfolio positioning that is at all times relevant. Quantitative pro forma investment decisions are subject to a qualitative overlay - a “common sense” approach that may only be garnered from significant success and years of industry experience. Crusader’s independent quantitative process, unique expertise and investment management experience affords the manager the ability to ignore market “hype” or “noise” deploying a rigorous philosophy that is proven through multiple market environments.
AUM: $2.9 Million Managed by: Frank Stadler, MBA Crusader Asset Management Inc.
Benchmark: S&P TSXComposite Total Return Index1 Category: Distribution:
Canadian Equity Quarterly
Min Investment: $150,000 Subsequent:
$1,000
Liquidity:
Daily
Portfolio Characteristics Median Market Cap: $5.9 billion
Performance as at September 30, 2014
Current Dividend Yield: 4.25% Interest Equivalent Yield: 5.58% Num. of Holdings: 31
Class A Management Fee Class F Management Fee
2.0% 1.0%
*Class A MER *Class F MER *December 31, 2013
2.36% 1.23%
Risk Tolerance Low
Medium
High
*Annualized Lysander Funds Ltd. 100 York Blvd. Suite 501, Richmond Hill, ON, L4B 1J8, 416-640-4275 or 1-877-3086979 www.lysanderfunds.com
Investing from the ground up
Crusader Equity Income Fund As of September 30, 2014
Top 10 Holdings as of September 30, 2014 Security Name
% of Holding
Emera Inc
3.4%
Constellation Software
3.4%
Corus Entertainment, B
3.3%
Brookfield Property Partners LP
3.2%
Western Energy Services
3.3%
Bank of Montreal
3.2%
CanElson Drilling Inc.
3.2%
Gluskin Sheff + Assoc.
3.3%
Long Run Exploration
3.3%
Manulife Financial Corp.
3.2%
Total
32.8%
See the Offering Memorandum (“OM”) for more details on Crusader Equity Income Fund (“Fund”). This document is not an invitation to invest in the Fund nor does it constitute a public offering of sale. Applications for purchases in the Fund will only be considered on the terms of the OM, which may be obtained from your Investment Advisor. Each purchaser of units in the Fund may have statutory or contractual rights of action. The information in this document is subject to change without notice. The Fund is sold via OM and pursuant to exemption from prospectus requirements. As such, the Fund is not available to the general public and is only available to, for example, accredited investors, within the meaning of National Instrument 45-106 – Prospectus and Registration Exemptions. Commissions, trailing commissions, management fees and expenses are all associated with Fund investments and will reduce returns commensurate with their amounts. Refer to the Fund offering documents before investing. 1Source: TSX Inc. Copyright © TSX Inc. All rights reserved
Lysander Funds Ltd. 100 York Blvd. Suite 501, Richmond Hill, ON, L4B 1J8, 416-640-4275 or 1-877-308-6979 www.lysanderfunds.com
Crusader Equity Income Fund As of September 30, 2014 Objective
LYZ 900A/900F
The investment objective of the Fund is to earn income, preserve capital and to achieve long term capital growth by investing in a diversified portfolio composed primarily of high yield dividend equity securities; however, other equity-like income producing securities, debt and money market securities may be used to achieve its objective.
Fund Information (As of September 30, 2014)
Inception Date: July 31, 2012
Investment Approach and Philosophy Crusader Asset Management Inc. is a quantitative investment specialist directly managing or advising clients whose collective AUM is in excess of $21 billion. Crusader’s investment expertise stems from more than 26 years of capital markets and investment management experience. Crusader’s proprietary quantitative models form the basis of the Fund’s investment positioning. Crusader’s quantitative style is unique in that dynamic modeling is deployed versus traditional static models. Dynamic modeling facilitates constant factor and regime analysis to optimize portfolio positioning that is at all times relevant. Quantitative pro forma investment decisions are subject to a qualitative overlay - a “common sense” approach that may only be garnered from significant success and years of industry experience. Crusader’s independent quantitative process, unique expertise and investment management experience affords the manager the ability to ignore market “hype” or “noise” deploying a rigorous philosophy that is proven through multiple market environments.
AUM: $2.9 Million Managed by: Frank Stadler, MBA Crusader Asset Management Inc.
Benchmark: S&P TSXComposite Total Return Index1 Category: Distribution:
Canadian Equity Quarterly
Min Investment: $150,000 Subsequent:
$1,000
Liquidity:
Daily
Portfolio Characteristics Median Market Cap: $5.9 billion
Performance as at September 30, 2014
Current Dividend Yield: 4.25% Interest Equivalent Yield: 5.58% Num. of Holdings: 31
Class A Management Fee Class F Management Fee
2.0% 1.0%
*Class A MER *Class F MER *December 31, 2013
2.36% 1.23%
Risk Tolerance Low
Medium
High
*Annualized Lysander Funds Ltd. 100 York Blvd. Suite 501, Richmond Hill, ON, L4B 1J8, 416-640-4275 or 1-877-3086979 www.lysanderfunds.com
Investing from the ground up
Crusader Equity Income Fund As of September 30, 2014
Top 10 Holdings as of September 30, 2014 Security Name
% of Holding
Emera Inc
3.4%
Constellation Software
3.4%
Corus Entertainment, B
3.3%
Brookfield Property Partners LP
3.2%
Western Energy Services
3.3%
Bank of Montreal
3.2%
CanElson Drilling Inc.
3.2%
Gluskin Sheff + Assoc.
3.3%
Long Run Exploration
3.3%
Manulife Financial Corp.
3.2%
Total
32.8%
See the Offering Memorandum (“OM”) for more details on Crusader Equity Income Fund (“Fund”). This document is not an invitation to invest in the Fund nor does it constitute a public offering of sale. Applications for purchases in the Fund will only be considered on the terms of the OM, which may be obtained from your Investment Advisor. Each purchaser of units in the Fund may have statutory or contractual rights of action. The information in this document is subject to change without notice. The Fund is sold via OM and pursuant to exemption from prospectus requirements. As such, the Fund is not available to the general public and is only available to, for example, accredited investors, within the meaning of National Instrument 45-106 – Prospectus and Registration Exemptions. Commissions, trailing commissions, management fees and expenses are all associated with Fund investments and will reduce returns commensurate with their amounts. Refer to the Fund offering documents before investing. 1Source: TSX Inc. Copyright © TSX Inc. All rights reserved
Lysander Funds Ltd. 100 York Blvd. Suite 501, Richmond Hill, ON, L4B 1J8, 416-640-4275 or 1-877-308-6979 www.lysanderfunds.com
