Performance Fund:
Long-Term Compounding
Purpose-Built for Long-Term Growth
The LionGuard Performance Fund is built for investors who seek long-term, outsized results. We are investors, not traders—focused on owning high-quality North American businesses, not reacting to market noise. We are prepared to wait for the right opportunities to emerge, investing when great companies become available at highly attractive prices. Through a disciplined, bottom-up research process, we identify businesses led by outstanding management and capable of reinvesting capital at very high rates of return. Our philosophy is grounded in deep analysis, independent thinking, and patience. Guided by humility and intellectual honesty, we adapt as facts evolve—but remain steadfast in our principles.
Key Stats as of July 31, 2026
Annualized Net Return
14,88 %
Rendement net annualisé
404.27 %
Rendement net cumulé
81 %
Ratio de participation aux hausses
53 %
Ratio de participation aux baisses
Investment Results
Focused On Compounding
The chart below showcases the fund’s long-term performance versus Russell 2000 Total Return Index.
Investment Process
How We Invest
Our disciplined, thoughtful approach blends deep fundamental research, focus on circle of competence and patience to take advantage of unique opportunities.
Deep Fundamental Research
We thoroughly assess financials, operations, competitive dynamics, and leadership team to understand businesses inside out.
Intrinsic Value Assessment
We use proprietary models to estimate a company’s intrinsic value and only invest when market prices offer large margin of safety.
Rigorous Risk Evaluation
We identify and quantify risks that could impact intrinsic value calculation, integrating this analysis into our investment decisions.
Deliberate Portfolio Construction
Our portfolio is built company by company, with each addition carefully weighed to ensure it strengthens the overall composition.
Ongoing Monitoring and Adaptation
We continuously test our theses, updating views as new information emerges and adjusting accordingly.
Risk Management
A Disciplined Approach to Protecting Capital
We invest within our circle of competence. A deep understanding of each business and its value forms the foundation of our investment process and our culture of risk management.
We track the core drivers of every business and act decisively when material risks or changes arise.
We actively manage portfolio exposures so that no single factor can disproportionately influence outcomes.
Each position is sized according to our conviction level and its specific risk profile.
Continuous reviews and analysis ensure our portfolio remains aligned with evolving information and risks.
Awards & Recognition
Performance That Gets Noticed
Our commitment to rigorous research, risk management, and long-term outperformance has earned recognition from peers, partners, and industry observers alike.
BarclayHedge Recognition Award for Excellence
– Top 10 (June 2022)
BarclayHedge Recognition Award for Excellence
– Top 10 (September 2020)
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BarclayHedge Recognition Award for Excellence
– Top 10 (November 2019) for LionGuard Opportunities Fund
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AI 2016 International Fund Awards Winner
– Best Canadian Fund (Risk-Adjusted Returns Since Inception)
Fund Reports
Our Reports
Download the fund’s most recent monthly, quarterly, and annual reports for the latest performance and commentary, or request earlier reports to examine our investment process in greater detail.
Fund Description
Investment Terms
Fundserv Codes
Fixed Hurdle Rate: Class F – LGC803, Class A - LGC801
Index Linked Hurdle Rate: Class C – LGC808, Class B – LGC805
Geography & Capitalization
North America, Small & Mid Cap Equities
Fund Currency
Canadian Dollars
Subscription/Redemption
Monthly, No Lockup
Management Fee
Class F – 1.0%, Class A - 2.0%
Class C – 1.0%, Class B – 2.0%
Profit Distribution
Class F & A – 20% above High-Water Mark
(based on 5.0% per Annum)
Class C & B – 30% above High-Water Mark (based on Russell 2000 Total Return Index in CAD) less Management Fee
Hurdle Rate
Have questions? We’re here to help. Contact us to discuss whether our disciplined, fundamental approach aligns with your investment objectives.
Class F & A – 5.0% per Annum
Class C & B – Russell 2000 Total Return Index in CAD
