Dynamic Real Estate & Infrastructure Income Fund

YTD	2023	2022	2021	2020	2019	2018	2017	2016
18.4	-1.4	-14.4	21.0	-8.8	29.2	-2.4	11.2	13.2

1 month	3 months	6 months	1 year	3 years	5 years	10 years	Inception
1.7	4.8	17.0	25.6	2.4	2.1	6.3	9.5

value	holding
46.7%	Real Estate-CDN
18.1%	Real Estate-US
17.5%	Infrastructure-CDN
15.3%	Infrastructure-Foreign
15.1%	Infrastructure-US
2.7%	Corporate Bonds - CDN
-15.4%	Cash, Short-Term Investments & Other Net Assets³

Enbridge Inc.	-
Ventas, Inc.	-
RioCan Real Estate Investment Trust	-
Granite Real Estate Investment Trust REIT	-
Choice Properties Real Estate Investment Trust	-
Alerian MLP ETF	-
Dream Industrial Real Estate Investment Trust	-
Crombie Real Estate Investment Trust	-
Canadian Apartment Properties Real Estate Investment Trust	-
Williams Companies, Inc.	-
Total allocation to top holdings	39.9

^. The benchmark used for analytics for this fund is 50% S&P Global Infrastructure Index (C$), 35% FTSE EPRA NAREIT Canada Index (C$), 15% FTSE EPRA NAREIT US Index (C$).

^. Distributions may consist of net income, dividends, net realized capital gains, and/or return of capital. Distributions are not guaranteed and investors should not confuse a fund’s distribution yield with its performance or rate of return.

^. Information pertaining to the Dynamic Hedge Funds (the “Funds”) is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units of each of the Funds is made pursuant to its respective Confidential Offering Memorandum only to those investors in jurisdictions of Canada who meet certain eligibility and/or minimum purchase requirements. Important information about each of the Funds, including a statement of their fundamental investment objectives, is contained in their respective Confidential Offering Memorandums, copies of which may be obtained from your investment advisor. Eligible investors should read the Funds’ Confidential Offering Memorandums carefully before deciding to purchase units.

^. The indicated rates of return are the historical annual compounded total returns including changes in units [share] value and reinvestment of all distributions [dividends] and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. Investments in mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

^. Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value of any mutual fund or returns on investment in any mutual fund.

^. R² is a measurement out of 100 that shows the extent to which a portfolio’s movements can be explained by the benchmark's movements.

^. Standard deviation is a measure of volatility; it shows how broadly the Fund's returns have varied over a given time period.