EXPANDING THE BORDERS OF EQUITY INCOME INVESTING. Dynamic Equity Income Fund Dynamic U.S. Equity Income Fund Dynamic Global Equity Income Fund

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1 EXPANDING THE BORDERS OF EQUITY INCOME INVESTING Dynamic Equity Income Fund Dynamic U.S. Equity Income Fund Dynamic Global Equity Income Fund ADVISOR USE ONLY

2 THE NEED FOR INCOME, THE DESIRE FOR GROWTH Canada s population is aging, and the demand for income with the potential for long term growth is on the rise. But today s environment presents a significant challenge: yields from traditional fixed income investments are at historic lows, pushing investors to seek income higher up the risk spectrum. With continued volatility in the marketplace, a disciplined and conservative approach is needed to uncover high-quality investments. In this environment, the importance of professional management becomes paramount. Our lineup of Equity Income funds offers you a powerful investment opportunity that combines a stable monthly income stream with a capital protection philosophy. Investors can now choose from multiple geographic options: Canada, U.S. and global. DYNAMIC EQUITY INCOME FUND DYNAMIC U.S. EQUITY INCOME FUND DYNAMIC GLOBAL EQUITY INCOME FUND

3 THE PILLARS OF EQUITY INCOME INVESTING The over-arching managerial philosophy is simple; buy quality businesses at a reasonable price (QUARP ) with an overall focus of providing a stable income stream while preserving capital. However, with thousands of listed names on the global stock markets combined, it is essential to distinguish true quality businesses from the rest of the herd. What s more, in today s fast-moving environment, investing in these businesses at the right price is more important than ever. FIND QUALITY AT A REASONABLE PRICE FOCUS ON FREE CASH FLOW + GROWTH SEEK TO ACHIEVE LOW VOLATILITY EMPHASIS ON DISTRIBUTIONS Quality at a reasonable price QUARP Look for businesses: With best-in-class management teams displaying strong leadership, vision and track records That are dominant in their industry in terms of pricing power and competitive advantage With a history of increasing free cash flows, strong balance sheets, high profitability and low volatility in earnings

4 Dynamic Equity Income Funds In order to help you meet the income requirements of your clients and take advantage of opportunities for growth in all kinds of markets, three unique Dynamic Funds are offered: DYNAMIC EQUITY INCOME FUND DYNAMIC U.S. EQUITY INCOME FUND DYNAMIC GLOBAL EQUITY INCOME FUND Portfolio information below are guidelines only and have the flexibility to change Investment Approach Geographic focus Geographic ranges Use a top down (CCCIS )* and bottom up (QUARP ) disciplined process to find quality companies within the Fund s geographic focus that offer visible free cash flow + growth ( FCF + g ) Deliver a managed yield (defined as income + capital appreciation) within a capital preservation philosophy 0% Canada U.S. Global Canada 51% to 100% U.S. 0% to 49% 0% U.S. 90% to 100% Canada 100% 100% 0% to 10% Europe and Asia 0% 100% 0% 20% to 60% U.S. 40% to 70% Canada 100% 100% 0% to 10% Currency management Diversification Market cap focus Number of holdings Portfolio managers Distribution 1 (fixed monthly) (Series A) Yield (Series A) Risk rating CIFSC category Active 0% to 100% Broad sector diversification in North America All Cap (Large Cap Bias) Active 0% to 100% Fully hedged (series N) Fully unhedged (series L) Broad sector diversification in the U.S. All Cap (Large Cap Bias) Active 0% to 100% Broad sector and geographic diversification globally Large Cap 40 to to to 70 Jason Gibbs Bill McLeod Oscar Belaiche Tom Dicker Steven Hall Oscar Belaiche Eric Benner Oscar Belaiche Ryan Nicholl $0.0700/unit $0.0333/unit $0.0333/unit 4.3% 2 Current 4% 3 Initial 4% 3 Initial low medium high low medium high low medium high Canadian Dividend & Income Equity U.S. Equity Global Equity * CCCIS = Currency, Commodity, Country, Interest Rate, Sector 1 Distribution rates are generally based on the net asset value per unit (NAVPU) of a Fund as at the Fund's previous year-end, or for new Funds, on the Fund's initial NAVPU at launch Distributions are fixed but not guaranteed and may change at any time at the discretion of the Manager. A Fund's distribution rate should not be confused with its performance, rate of return or yield. Distributions may consist of net income, ordinary and/or capital gain dividends, and/or net realized capital gains which are taxable in the hands of the investor. If distributions paid by a Fund are greater than its performance, then there may be a return of capital which will be deducted from the original invested amount. The investor's adjusted cost base will be reduced by the amount of any return of capital and the original investment will shrink. A return of capital is not immediately taxable in the hands of an investor, but will generally reduce the adjusted cost base of any units for tax purposes. If the adjusted cost base falls below zero, investors may have to pay capital gains tax on the amount below zero. 2 The Fund's current 4.3% yield is calculated based on a fixed, but not guaranteed, monthly distribution of 7.00 cents/unit and a NAVPU of $19.52 as of August 31, The Funds' initial 4% yield is based on a fixed monthly distribution of 3.33 cents/unit and an initial NAVPU of $10 per unit as of August 31, 2016.

5 The Portfolio Management Team Our skilled investment team is well regarded for their expertise and conservative approach in managing income-oriented equities and in total represent 19 investment professionals. Each member brings specific geographic and sector expertise while maintaining a disciplined investment process. CANADIAN FOCUS Jason Gibbs, BAcc., CPA, CA, CFA Vice President & Portfolio Manager 21 years of industry experience Managing portfolios investing in Canadian and U.S. dividend-paying equities and infrastructure securities Bill McLeod, MBA, CFA Vice President & Portfolio Manager 13 years of industry experience Managing portfolio investing in Canadian dividend and non-dividend paying equities Oscar Belaiche, HBA, FICB, CFA Senior Vice President & Portfolio Manager Head of Dynamic s Equity Income team 35 years of industry experience Managing portfolios investing in Canadian and U.S. dividend-paying equities U.S. FOCUS Tom Dicker, Hons. B.Comm., CFA Vice President & Portfolio Manager Over 13 years of industry experience Managing portfolios investing in dividend-paying U.S. equities, real estate and small cap securities Steven Hall, BBE, MBA, CFA Portfolio Manager 17 years of industry experience Managing portfolios investing in U.S. dividend-paying equities and small cap securities GLOBAL FOCUS Eric Benner, B.Comm., MFE, CFA Vice President & Portfolio Manager 15 years of industry experience Managing portfolios investing in dividend-paying equities globally Ryan Nicholl, Hons. B.Comm., CFA Associate Portfolio Manager 10 years of industry experience Focused on dividend-paying equities globally, with a specialization in consumer and health care

6 Expand the borders of equity income. Dynamic Equity Income Funds are designed for investors seeking income, geographic diversification and Legitimately Active Management TM. The Dynamic Equity Income team leaves no stone unturned in our own backyard, south of the border and now the world over.

7 FUND CODES SERIES FE LL LL2 NO LOAD Dynamic Equity Income Fund A DCAF T F 230 I 1129 Dynamic U.S. Equity Income Fund A DCAF L L USD F 3173 FL 3181 FL USD 3177 N FN 3185 Dynamic Global Equity Income Fund A A USD 2782 DCAF F 2777 F USD 2783 MANAGEMENT FEES SERIES MANAGEMENT FEES A, T, L & N 1.85% F, FL, FN & I 0.85% MANAGEMENT FEE DISCOUNTS, FROM DOLLAR ONE DISCOUNTS $250K-$1M 0.075% $1-$5M 0.125% Over $5M 0.175% ADVISOR COMPENSATION COMMISSION SERVICE FEE FE 0-5% 1.0% LL 0.5% Yr1-3, 2.5% 1.0% Yr4+ LL2 1.0% 1.0% Fundserv prefix: DYN

8 16DYN067_DF_Equity_Income_Fund_Brochure_Adv_EN_V7_2_DOP1217 MOE9186 Contact your Dynamic Funds sales representative to learn more. Head Office Dynamic Funds Tower 1 Adelaide St. E., 28 th Floor Toronto, ON M5C 2V9 Toll free: Tel: advisor.dynamic.ca Customer Relations Centre Toll free: Tel: (English) (French) Fax: or service@dynamic.ca ADVISOR USE ONLY Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Dynamic Funds and Legitimately Active Management TM are trademarks of their owner, used under license. Dynamic Funds is a division of 1832 Asset Management L.P.