WE ARE VALUE INVESTORS.

Type Of Fund:

Long Equity / Long-Term Capital Appreciation / Global Mid Cap >40% Of Portfolio Outside Of The USA

Objectives Of Fund:

Maximize Absolute Returns Over The Long-Term / Preserve Principle / Own Stakes In Quality Global Businesses

Management Style:

Global / Size Agnostic / Concentrated / Contrarian / Margin Of Safety / Value Investing / Long-Term

Returns:

May 2017 Return: 3.68%*

2017 YTD (May) Return: 23.36%*

Trailing Twelve Month Return: 31.01%*

Annualized Returns Since Inception March 26, 2014: 28.471%*

Cumulative Return Since Inception March 26, 2014: 92.53%*

*In Canadian Dollars