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Aston Hill has cultivated a diverse suite of products spanning sectors, geographies and asset classes in order to deliver funds that meet the varying needs of our investors.

Closed End Funds

Aston Hill Advantage Bond FundDecember 31, 2016

Fund Manager(s): Sandy Liang, President, LOGiQ Capital Partners Inc.
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Investment Highlight & Strategy

Investment Mandate:

To achieve attractive monthly tax-advantaged distributions and the opportunity for capital appreciation through exposure to an actively managed portfolio of investment grade corporate bonds and high yield corporate bonds.

Corporate Bond Fund:

Average credit quality of portfolio (B+/BB-) at March 31, 2016.
Corporate bonds selected using Aston Hill's conservative, research-driven investment approach.
USD exposure hedged to Canadian dollar.

Enhanced Return Opportunity:

Fund sells short overvalued government bonds and invests proceeds in additional corporate bonds. This strategy generates extra yield, gives the opportunity for capital gains, and provides a measure of protection to the fund if interest rates increase.

Manager:

LOGiQ Asst Management Inc. (Formerly known as "Aston Hill") is an asset management firm with $5.0=2 billion in total assets under management (December 2016). LOGiQ Asset Management Inc. manages portfolios for institutional investors, provides portfolio advisory services and offers a suite of mutual funds.

Performance Review

Performance (%)

As ofYTD1yr3yr5yr7yr10yrIncep.
12/31/20165.45.4-3.32.23.5-6.2

Portfolio Review

Top 10 Holdings

Republic Services Inc. 3.800% (15-May-2018)13.9%
Michael Baker International LLC 8.250% (15-Oct-2018)13.3%
BI-LO LLC / BI-LO Finance Corp. 9.250% (15-Feb-2019)11.5%
Enova International Inc. 9.750% (1-Jun-2021)10.8%
Athabasca Oil Corp. 7.500% (19-Nov-2017)10.0%
Cash9.8%
VistaJet Malta Finance PLC 7.750% (1-Jun-2020)9.4%
NYX Gaming Group Ltd. 10.00% (31-Dec-2019)8.8%
Genworth MI Canada Inc. 5.68% (15-Jun-2020)8.7%
Bell Canada 7.65% (30-Dec-2031)8.6%

Summary of Investment Portfolio

Foreign Corporate Bonds67.6%
Canadian Corporate Bonds38.9%
Cash9.8%
Canadian Government Bonds - Long2.5%
Net Other Assets (Liabilities)1.0%
Foreign Currency Forward Contracts-0.1%
Canadian Government Bonds - Short-19.7%

Fund Facts

Fund Facts

TSX Symbol:MBB.UN
Current Monthly Distribution:$0.05833
Total Assets (September 30, 2016):$9.8 million
Inception Date:Apr. 23, 2009

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Before investing, please read the fund’s publicly filed documents which are available from SEDAR at www.sedar.com. Unless otherwise indicated and except for returns for periods less than one year, the indicated rates of return provided are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions, and do not take into account sales charges or income taxes payable by any unitholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Please correct the following errors:

Minimum Investment Requirements

The AHF Credit Opportunities Fund is generally available to investors that can meet a certain minimum amount of money to invest. The minimum initial investment for residents in any province or territory in accordance with applicable securities laws is set out below:

All provinces and territories $125,000 or $25,000(1)
BC, NB, NS and NL Only: $5,000(2)

Notes:

(1) A minimum purchase of $25,000 is available to residents who meet certain requirements.
(2) A minimum purchase of $5,000 is available to residents who meet certain requirements and reside in BC, NB, NS and NL by way of the prescribed OM.
Investors should contact their investment dealer or Financial Advisor for more information.

If you can comfortably invest the minimum dollar amount required in your province or territory, please accept the disclaimer below to learn more about the AHF Credit Opportunities Fund.


Disclaimer: Information pertaining to AHF Credit Opportunities Fund is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units in the AHF Credit Opportunities Fund is made pursuant to its offering memorandum only to those investors in jurisdictions of Canada who meet certain eligibility requirements. Please read the offering memorandum carefully before investing.

Minimum Investment Requirements

The Aston Hill Opportunities Fund is generally available to investors that can meet a certain minimum amount of money to invest. The minimum initial investment for residents in any province or territory in accordance with applicable securities laws is set out below:

All provinces and territories $150,000 or $5,000(1)
BC, NB, NS and NL Only: $5,000(2)

Notes:

(1) A minimum purchase of $5,000 is available to residents who meet certain requirements.
(2) A minimum purchase of $5,000 is available to residents who meet certain requirements and reside in BC, NB, NS and NL by way of the prescribed OM.
Investors should contact their investment dealer or Financial Advisor for more information.

If you can comfortably invest the minimum dollar amount required in your province or territory, please accept the disclaimer below to learn more about the Aston Hill Opportunities Fund.


Disclaimer: Information pertaining to Aston Hill Opportunities Fund is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units in the Aston Hill Opportunities Fund is made pursuant to its offering memorandum only to those investors in jurisdictions of Canada who meet certain eligibility requirements. Please read the offering memorandum carefully before investing.

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