ACCELERATE ENHANCED CANADIAN BENCHMARK ALTERNATIVE FUND

QUICK FACTS About the Fund The Accelerate Enhanced Canadian Benchmark Alternative Fund (TSX: ATSX) provides Type: combined exposure to the S&P/ TSX 60 plus a long-short Canadian equity overlay Long-short equity portfolio designed to add outperformance above the broad Canadian equity index.

Date started: May 10, 2019 Investment Objectives Management Fee: ・ Outperform the broad Canadian equity index 0.00% ・ Provide volatility in-line with the broad Canadian equity index

Performance Fee / Hurdle: 50% of outperformance over high watermark / S&P/ TSX 60 Total Return

Investment Manager: Accelerate Enhanced Canadian Benchmark Accelerate Financial Technologies Inc. Reference Portfolio Performance 25,000 Distribution Frequency: Quarterly 16.6% annualized

Exchange: 20,000 TSX

Currency: CAD 15,000 Risk-Rating: Medium

10,000 As of May 09, 2019 ATSX Price: n/a 5,000 ATSX NAV: n/a

Change: 0 n/a

Volume: n/a Growth of 1,000

Net Assets: DISCLAIMER: Results of the Accelerate Enhanced Canadian Benchmark reference portfolio are hypothetical and do not reflect investment results attained by any investor. Past performance is not indicative of future results. Performance is net of all estimated trading fees and performance fees. Investing involves varying n/a degrees of risk and there can be no assurance that the future performance of any investment strategy will be profitable. This does not constitute investment advice.

[email protected] www.accelerateshares.com 1-855-892-0740 ACCELERATE ENHANCED CANADIAN BENCHMARK ALTERNATIVE FUND

Investment Process

In addition to providing exposure to the broad Canadian equity index, either through derivatives, ETFs or the underlying equities, ATSX holds a diversified, long-short equity overlay portfolio of Canadian equities.

To select the long-short overlay portfolio, ATSX utilizes a systematic, propriety multi-factor model to sort and rank all liquid Canadian stocks based on five principal factors:

・ Value ・ Quality ・ Price Momentum ・ Operating Momentum ・ Trend

The Fund goes long a portfolio of the highest expected return stocks selected from the top decile ranking from the multi- factor model while going short a portfolio of the lowest expected return stocks selected from the bottom decile ranking. The portfolio is rebalanced on a monthly basis. The long portfolio is up to 50% of NAV and the short portfolio is up to - 50% of NAV.

[email protected] www.accelerateshares.com 1-855-892-0740 ACCELERATE ENHANCED CANADIAN BENCHMARK ALTERNATIVE FUND

Performance as of May 09, 2019 1 month 3 months YTD 1 Year 3 Years Since Inception Fund NAV n/a n/a n/a n/a n/a n/a Fund Market Price n/a n/a n/a n/a n/a n/a

Overlay Characteristics Overlay Sector Weightings

As of May 09, 2019 Long Short As of May 09, 2019 Long Short

Number of 40 37 Communications Services 5.2% 0.0% Securities Average Market $10,835 $1,537 Consumer Discretionary 2.6% -8.3% Cap (millions)

Beta 0.9 0.9 Consumer Staples 2.6% -1.4%

EBITDA/ EV 8.8% 5.9% Energy 7.4% -13.6%

FCF/ EV 2.3% 2.5% Financials 2.7% -0.5%

12-Month Return 35.7% -40.7% Health Care 2.7% 0.0%

% of 52 Week High 94.1% 51.8% Industrials 10.0% -9.7%

Return on Capital 10.6% 2.5% Information Technology 7.4% -2.8%

Gross Profits/ 5.7% 3.5% Materials 7.3% -11.5% Assets 50 DMA/ 200 DMA 116% 79% Real Estate 2.6% -1.5%

EPS Revisions -0.4% -2.3% Utilities 0.0% 0.0%

Change in Shares 2.5% 7.4% Total 50.4% -49.2%

Earnings Abnormal 1.0% -1.4% Return

[email protected] www.accelerateshares.com 1-855-892-0740 ACCELERATE ENHANCED CANADIAN BENCHMARK ALTERNATIVE FUND

Long Security Name Weight Short Security Name Weight S&P / TSX 60 Futures 98.9% Maxar Technologies Inc -1.9% Element Fleet Management Corp 1.5% Transat AT Inc -1.5% Shopify Inc 1.3% Inc -1.5% Viemed Healthcare Inc 1.3% Stars Group Inc/The -1.5% Boyd Group Income Fund 1.3% Altus Group Ltd/Canada -1.5% Kirkland Lake Gold Ltd 1.3% Valeura Energy Inc -1.5% HLS Therapeutics Inc 1.3% Celestica Inc -1.4% Communications Inc 1.3% Sleep Country Canada Holdings -1.4% Corus Entertainment Inc 1.3% Baytex Energy Corp -1.4% Cogeco Inc 1.3% Crescent Point Energy Corp -1.4% Summit Industrial Income REIT 1.3% Wajax Corp -1.4% Restaurant Brands International 1.3% Kinder Morgan Canada Ltd -1.4% Alimentation Couche-Tard Inc 1.3% Lassonde Industries Inc -1.4% Activewear Inc 1.3% Bonterra Energy Corp -1.4% Carmanah Technologies Corp 1.3% Chemtrade Logistics Income Fund -1.4% Descartes Systems Group Inc 1.3% Sierra Wireless Inc -1.4% Detour Gold Corp 1.3% Whitecap Resources Inc -1.3% Exchange Income Corp 1.3% Inc -1.3% Absolute Software Corp 1.3% Richelieu Hardware Ltd -1.3% Alacer Gold Corp 1.3% Westport Fuel Systems Inc -1.3% CGI Inc 1.3% Norbord Inc -1.3% Saputo Inc 1.3% STEP Energy Services Ltd -1.3% Waste Connections Inc 1.3% Peyto Exploration & Development -1.3% TeraGo Inc 1.3% Uni-Select Inc -1.3% Atlantic Gold Corp 1.3% MEG Energy Corp -1.3% TC Energy Corp 1.3% NFI Group Inc -1.3% Questor Technology Inc 1.3% Bombardier Inc -1.3% FirstService Corp 1.3% Canfor Pulp Products Inc -1.3% Canadian Pacific Railway Ltd 1.3% Pan American Silver Corp -1.3% Parex Resources Inc 1.2% AKITA Drilling Ltd -1.3% PHX Energy Services Corp 1.2% Linamar Corp -1.3% Brookfield Asset Management 1.2% West Fraser Timber Co Ltd -1.2% Badger Daylighting Ltd 1.2% Canfor Corp -1.2% North American Construction 1.2% Interfor Corp -1.1% Enerflex Ltd 1.2% IAMGOLD Corp -1.1% Constellation Software Inc 1.2% SNC-Lavalin Group Inc -1.1% DIRTT Environmental Solutions 1.1% Canadian Western Bank -0.5% Toromont Industries Ltd 1.1% North American Palladium Ltd 1.1% Tucows Inc 1.0% 5N Plus Inc 1.0%

[email protected] www.accelerateshares.com 1-855-892-0740