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Closed End Funds

LOGiQ Advantage VIP Income FundDecember 31, 2016

Fund Manager(s): Manitou Investment Management Ltd.
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Investment Highlight & Strategy

Investment Mandate:

To achieve a high level of monthly distributions and the opportunity for capital appreciation by investing in a broadly diversified portfolio of income producing securities, including dividend paying equities and fixed income securities.

Investment Approach:

i. Emphasis on high quality securities, liquidity, capital preservation and broad diversification
ii. Fundamental "bottom-up" analysis, including meeting management;
iii. Active asset and sector allocation; and
iv. Detailed in-house credit analysis of fixed income investments.

Low Fees:

Low management fees of 0.90% of net assets per annum.

Manager:

LOGiQ Asset Management Inc. (Formerly known as "Aston Hill") is an asset management firm with $2.0 billion in total assets under management (September 30, 2016). Aston Hill manages portfolios for institutional investors, provides portfolio advisory services and offers a suite of mutual funds.

Performance Review

Performance (%)

As ofYTD1yr3yr5yr7yr10yrIncep.
12/31/20165.75.73.87.68.15.34.3

Portfolio Review

Top 10 Holdings

Cash15.3%
Royal Bank of Canada8.1%
Great-West Lifeco Inc.7.0%
Bank of Nova Scotia5.5%
Suncor Energy Inc.5.4%
Magna International Inc.4.4%
CI Financial Corp.3.9%
Canadian National Railway Co.3.6%
Telus Corp.3.6%
Brookfield Asset Management Inc.3.5%

Summary of Investment Portfolio

Financials32.2%
Cash15.3%
Canadian Corporate Bonds11.4%
Energy6.7%
Telecommunication Services6.7%
Information Technology5.7%
Industrials5.6%
Consumer Staples5.5%
Consumer Discretionary3.9%
Exchange-Traded Funds3.0%
Real Estate2.4%
Materials1.3%
Net Other Assets (Liabilities)0.3%
Foreign Currency Forward Contracts0.0%

Fund Facts

Fund Facts

TSX Symbol:AV.UN
Current Monthly Distribution:$0.03500/unit
Total Assets (December 31, 2016):$75.7 million
Inception Date:July 31, 2008

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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