Spartan Multi Strategy Fund

(Class I)

Fund Investment Objectives

The Spartan Multi Strategy Fund targets annualized double digit returns over the medium term that are not dependent on the direction of equity markets, with volatility of less than half of the equity markets. The Fund employs a broad range of strategies including long volatility, relative value option arbitrage, convertible arbitrage, long-short equity and opportunistic investment strategies. Spartan's vision is to bring the experience and discipline of proprietary bank traders, floor traders and market makers within an investment fund structure. The fund's actual inception date is April 30, 2006. This fund reports AUM in CAD.AUM reflects the aggregate of the various share classes.