Lycos Canadian Investment Funds

LYCOS VALUE FUND

Canadian Investment Fund

Based on our common sense value investment philosophy the Lycos Value Fund aims to deliver long term capital appreciation. It is a both a top down (global macro) and bottom up value fund. Currently three classes of the fund are offered to our clients and accredited investors only, both in Canada and elsewhere in the world, where securities laws allow it. (Here is the accredited investor definition in Canada. Please check with the securities regulators in your jurisdiction for information about whether you may invest in prospectus-exempt funds offered in Canada and under what conditions, or contact us.)

Lycos Value Fund Class O

The fund's class O units aim to deliver long term capital appreciation. For our top down global macro tactical asset allocation calls we trade the S&P500, VIX, junk bonds, long dated US treasuries, and currnecies (including gold). For our bottom up value calls we invest in good Canadian, US and some European stocks when the price is right. For current performance information please refer to www.morningstar.ca or other financial websites.

Lycos Value Fund Class O USD

The fund's class O units are also offered in US dollars.  For current performance information please refer to www.morningstar.ca or other financial websites.

Lycos Value Fund Series I Notes

The fund's Series I Notes are debt securities issued by the fund currently earning 6%. The proceeds of issuance of these Notes are used by the fund in its regular investment operations and provide additional liquidity to the fund. The issuance of these debt securities is limited. For current performance information please refer to www.morningstar.ca or other financial websites.

Please contact us for further information.