1. Finding Opportunity South of the Border Name Title Date

2. 2 AGENDA 1 2 3 4 5 CONTINUED OPPORTUNITY POTENTIAL CHALLENGES RECOVERY STRENGTHS DYNAMIC’S U.S. FUND LINEUP

3. 3 STRENGTHS 1 2 3 Market Capitalization Global Reach Sector Diversification

4. 4 SECTOR DIVERSIFICATION U.S. OFFERS BROADER DIVERSIFICATION OF SECTORS 12-month return 1 : - 8.32% 12-month return 2 : 20.96% Source: Bloomberg Finance L.P., Morningstar Direct, December 2015 Energy Materials Financials Industrials Consumer Discretionary Consumer Staples Health Care Telecomm. Services Utilities Information Technology 1 S&P/TSX Composite Index 2 S&P 500 Index

5. 5 1 STRENGTHS 3 Market Capitalization Sector Diversification 2 Global Reach

6. 6 GLOBAL REACH U.S. COMPANIES EARN A SIGNIFICANT AMOUNT OF REVENUE OUTSIDE THE U.S. 53% Domestic Sales 47% Foreign Sales Source: S&P Dow Jones Indices, 2012 Global Sales.

7. 7 STRENGTHS 1 2 3 Market Capitalization Global Reach Sector Diversification

8. 8 Source: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data. MARKET CAPITALIZATION WORLD’S LARGEST EQUITY MARKET 35% of world’s market cap on stock exchange

9. 9 MARKET CAPITALIZATION With $15.6 trillion of GDP, the U.S. is responsible for almost 22% of global GDP Source: International Monetary Fund, 2012 THE LARGEST ECONOMY IN THE WORLD

10. 10 RankCountry# Companies 1 United States127 2 China98 3 Japan54 4 France31 5 United Kingdom29 6 Germany28 7 South Korea17 8 Netherlands13 9 Switzerland12 10 Canada11 MARKET CAPITALIZATION Source: Fortune 2015, Global 500 LARGEST 500 GLOBAL COMPANIES

11. 11 2 Solid Company Fundamentals Innovation Corporate Profits Dividends RECOVERY 1 Positive Economic Indicators GDP Employment Consumer Confidence Retail Sales

12. 12 POSITIVE ECONOMIC INDICATORS

13. 13 1 Positive Economic Indicators GDP Employment Consumer Confidence Retail Sales RECOVERY 2 Solid Company Fundamentals Innovation Corporate Profits Dividends

14. 14 INNOVATION Source: Forbes 2015, World’s most innovative companies.

15. 15 VALUABLE BRANDS BRANDZ TM TOP 100 MOST VALUABLE GLOBAL BRANDS 2015 Source: WPP.com, BrandZ Top 100 most valuable global brands 2015.

16. 16 VALUABLE BRANDS BRANDZ TM TOP 100 MOST VALUABLE GLOBAL BRANDS 2015 Source: WPP.com, BrandZ Top 100 most valuable global brands 2015. U.S.

17. 17 CORPORATE PROFITS $2,072 Billion Source: Bureau of Economic Analysis. INCREASING U.S. CORPORATE PROFITS $804 Billion

18. 18 DIVIDENDS Source: US Department of Commerce – Bureau of Economic Analysis. DIVIDEND DISTRIBUTION HAS BEEN ON THE RISE

19. 19 CONTINUED OPPORTUNITY 2 3 Insourcing Boom Energy Independence 1 Housing Market Recovery

20. 20 U.S. HOUSING RECOVERY Source: United States Census Bureau. NEW HOMES SOLD & UNDER CONSTRUCTION

21. 21 U.S. HOUSING RECOVERY Jan 2000 = 100 CASE-SHILLER HOME PRICE INDEX HOME PRICE INDEX LEVELS MOVING BACK UP Last month: Nov 2015 Source: S&P Dow Jones Indices

22. 22 CONTINUED OPPORTUNITY 1 3 Insourcing Boom Housing Market Recovery 2 Energy Independence

23. 23 ENERGY INDEPENDENCE Source: U.S Energy Information Administration. TOTAL ENERGY PRODUCTION ANTICIPATED TO CONTINUE RISING

24. 24 ENERGY INDEPENDENCE NET EXPORTER IN 2020 AND ON NET IMPORTER Source: U.S Energy Information Administration. NATURAL GAS IMPORTS AND EXPORTS FORECASTS

25. 25 CONTINUED OPPORTUNITY 1 2 3 Insourcing Boom Energy Independence Housing Market Recovery

26. 26 Louisville, Kentucky INSOURCING BOOM AMERICAN MANUFACTURING IS MAKING A HUGE COMEBACK GENERAL ELECTRIC – APPLIANCE PARK

27. 27 INSOURCING BOOM 53.5% Source: Institute for Supply Management. U.S. MANUFACTURING INDEX

28. 28 INSOURCING BOOM $1,313 Billion Source: United States Census Bureau MANUFACTURING SALES ARE ON THE RISE $995 Billion

29. 29 POTENTIAL CHALLENGES 1 2 Fed Policy Uncertainty Debt Ceiling

30. 30 DEBT CEILING Source: WhiteHouse.gov. MOUNTING U.S. FEDERAL DEBT

31. 31 FED POLICY UNCERTAINTY Chair Yellen

32. DYNAMIC’S U.S. STRATEGIES

33. 33 DYNAMIC’S U.S. FUND LINEUP Dynamic Blue Chip U.S. Balanced Class Dynamic Power American Currency Neutral Fund Dynamic U.S. Dividend Advantage Fund Dynamic American Value Fund / Class Dynamic Power American Growth Fund / Class Dana Love, Domenic Bellissimo Noah Blackstein Cecilia MoDavid Fingold CAPITAL PRESERVATION CAPITAL APPRECIATION Dynamic U.S. Sector Focused Class Myles Zyblock Noah Blackstein Dynamic U.S. Monthly Income Fund Cecilia Mo, Marc- Andre Gaudreau

34. THANK YOU!

35. 35 DISCLAIMER This presentation has been prepared by 1832 Asset Management L.P and is provided for information purposes only. Views expressed regarding a particular investment, economy, industry or market sector should not be considered an indication of trading intent of any of the mutual funds managed by 1832 Asset Management LP. These views are not to be relied upon as investment advice nor should they be considered a recommendation to buy or sell. These views are subject to change at any time based upon markets and other conditions, and we disclaim any responsibility to update such views. To the extent this document contains information or data obtained from third party sources, it is believed to be accurate and reliable as of the date of publication, but 1832 Asset Management L.P. does not guarantee its accuracy or reliability. Nothing in this document is or should be relied upon as a promise or representation as to the future. © Copyright 2015 1832 Asset Management L.P. All rights reserved. Dynamic Funds ® is a registered trademarks of its owner used under license. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in units value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.