11 MARAVAL ROAD, PORT OF , TRINIDAD & TOBAGO TEL: 868-623-8672 GRAND BAZAAR, VALSAYN, TRINIDAD & TOBAGO TEL: 868-623-8672 25 ROYAL ROAD, SAN FERNANDO, TRINIDAD & TOBAGO TEL: 868-623-8672

FIND US AT: ANSA US$

ANSA MERCHANT LIMITED Income Fund QUICK REFERENCE GUIDE WEBSITE: www.ansamerchantbank.com • EMAIL: [email protected] TOP 10 HOLDINGS — MAY 2021

SECURITY % OF PORTFOLIO

CITIGROUP CONTINGENT 9.10% EQUITY LINKED NOTE DUE 2024 12.20%

GOLDMAN SACHS CONTINGENT 8% EQUITY LINKED NOTE DUE 2028 10.22%

VANECK VECTORS FALLEN ANGEL HIGH YIELD ETF (ANGL) 7.46%

UBS AG 5.125% CONTINGENT CAPITAL FRB DUE 2024 5.14%

COMMERBANK AG FRANKFURT MEDIUM TERM NOTE 8.125% DUE 2023 5.03% MAY 2021 TRINIDAD GENERATION UNLIMITED 5.25% DUE 2027 4.77%

INVESTMENT OBJECTIVE PORTFOLIO MANAGER VERIZON COMMUNICATIONS INC 4.15% DUE 2024 4.72%

The objective of the Fund is to seek to generate The professional fund manager is ANSA COMISION FEDERAL DE ELECTRICIDAD 4.875% NOTES DUE 2021 4.70% investment returns which are superior to all US$ Merchant Bank Limited, one of the Caribbean's income mutual funds registered in Trinidad and leading financial institutions, which has its roots Tobago, while providing for acceptable levels of in well-known local and international finance BARCLAYS CONTINGENT 7.50% EQUITY LINKED NOTE DUE 2024 4.64% liquidity and credit risk. houses. ANSA Merchant Bank Limited is a publicly quoted company on the Trinidad & CARIBBEAN AIRLINES FIXED RATE DUE 2029 4.23% Tobago Stock Exchange with market capitaliza- REASONS FOR INVESTING tion in excess of $3.4 billion. PORTFOLIO MIX MATURITY PROFILE • Investments in a diversified portfolio of The Bank manages portfolios in excess of $6 securities, equities, instruments and contracts 5.06% billion (including insurance funds), which 14.95% which are backed mainly by marketable demonstrates the strength and depth of our > 10 Years 0% securities. fund management expertise. ANSA Merchant • Investment considerations include interest Bank's range of includes: 29.39% 5 - 10 Years 22% income, capital gains and preservation of • Merchant Banking • Finance Company capital. • Investment Services • Leasing 3 - 5 Years 5% • The Fund aims to generate an attractive level • Foreign Exchange • Mortgages of revenue by investing mainly in both < 3 Years 49% government and non-government bonds • Savings and Pensions • Unit Trust denominated in US$. In accordance with good industry practice, the 41.35% 9.26% Total 76% Fund engages independent Trustees. For further information on the ANSA US$ FUND FACTS LOCAL BONDS (5.06%) FOREIGN BONDS (41.35%) Income Fund and how it will help you fulfill your STRUCTURED PRODUCTS (29.39%) CASH (14.95%) investment needs, call Marissa Gabriel at the Asset Class Fixed Income Management Fee* 1.25% ANSA US$ Income Fund Hotline at 800-7700, EXCHANGE TRADE FUND (9.26%) (868) 622-7700 or (868) 376-4249. Risk Profile Moderate Portfolio Duration 2.33 years

Fund Assets US$10,766,852.90 Portfolio Inception Date November 2010 FUND PERFORMANCE—TRAILING CUMULATIVE

Average Credit Rating BBB YTD 1 YEAR 2 YEAR 3 YEAR 5 YEAR INCEPTION

2.10% 7.25% 8.32% 10.86% 16.76% 25.86%

IMPORTANT DISCLOSURES & DISCLAIMER This Fund is neither insured with the Deposit Insurance in Trinidad and Tobago nor is it guaranteed by the of Trinidad and Tobago or by any of the parties related thereto. Performance is subject to variation and is likely to change over time; past performance should not be considered indicative of future performance. Portfolio holdings, duration and mix data are at May 28th 2021. As at May 28th 2021, cash holdings accounted for 14.95% of portfolio assets. 1 Year, 2 Year, 3 Year, 5 Year, and Inception cumulative returns are calculated on a trailing basis. Important information concerning the investment goals, risks, charges and expenses is contained in the prospectus, copies of which are available at ANSA Merchant Bank Ltd or from our website and investors should carefully consider these before investing.