Private & Alternative Funds Performance
Fund Name 1 month 3 months 6 months Calendar YTD 1 year 3 years* 5 years* 10 years* Since Inception* Inception Date
Private Funds (As at November 30, 2017)
Canada/North America with Income
Portland Private Income Fund - Series A 0.7% 2.5% 3.0% 6.4% 7.2% 7.9% - - 7.9% 28-Feb-13
Portland Private Income Fund - Series F 0.8% 2.8% 3.6% 7.5% 8.4% 9.1% - - 9.2% 07-Jan-13
Global with Income
Portland Global Energy Efficiency and Renewable Energy Fund LP - Series A 1.7% 3.0% 4.0% 6.7% 7.2% 8.0% - - 7.9% 31-Oct-13
Portland Global Energy Efficiency and Renewable Energy Fund LP - Series F 1.7% 3.1% 4.2% 7.2% 7.6% 8.5% - - 8.3% 31-Oct-13
Alternative Funds (As at November 30, 2017)
Canada/North America
Portland Focused Plus Fund - Series A 1.7% 8.4% 11.0% 17.6% 22.0% - - - 28.2% 31-Mar-16
Portland Focused Plus Fund - Series F 1.8% 8.7% 11.6% 18.7% 23.3% - - - 29.3% 31-Mar-16
Portland Focused Plus Fund - Series M 2.1% 9.8% 13.2% 21.4% 26.6% - - - 33.6% 31-Mar-16
Portland Focused Plus Fund - Series P 1.9% 9.0% 12.3% 20.0% 24.7% - - - 30.9% 31-Mar-16
Portland Focused Plus Fund LP - Series A 1.7% 8.7% 11.5% 18.4% 22.9% 20.0% 22.3% - 21.9% 31-Oct-12
Portland Focused Plus Fund LP - Series F 1.8% 8.9% 12.0% 19.5% 24.1% 21.1% 23.4% - 23.1% 31-Oct-12
Portland Focused Plus Fund LP - Series M 2.0% 10.0% 13.5% 21.9% 27.2% 23.7% 26.1% - 25.7% 31-Oct-12
Portland Focused Plus Fund LP - Series P 1.9% 9.2% 12.5% 20.5% 25.3% 22.3% 24.3% - 24.0% 31-Oct-12
Canada/North America with Income
Portland Advantage Plus - Everest Fund - Series A (0.4%) 25.2% (8.2%) (38.4%) (27.7%) (41.7%) - - (46.4%) 30-Apr-14
Portland Advantage Plus - Everest Fund - Series A $USD (0.4%) 21.2% (3.9%) (35.9%) (24.7%) (44.0%) - - (52.2%) 31-Jul-14
Portland Advantage Plus - Everest Fund - Series F (0.3%) 25.6% (7.8%) (37.8%) (27.0%) (41.0%) - - (45.8%) 30-Apr-14
Portland Advantage Plus - Everest Fund -  Series F $USD (0.3%) 21.5% (3.4%) (35.3%) (23.9%) (43.3%) - - (51.6%) 31-Jul-14
Portland Advantage Plus - McKinley Fund - Series A (2.4%) 17.4% (9.6%) (31.1%) (19.9%) (28.5%) - - (33.4%) 30-Apr-14
Portland Advantage Plus - McKinley Fund - Series A $USD (2.4%) 13.6% (5.3%) (28.3%) (16.6%) (31.4%) - - (39.5%) 31-Jul-14
Portland Advantage Plus - McKinley Fund - Series F (2.3%) 17.7% (9.1%) (30.4%) (19.0%) (27.7%) - - (32.6%) 30-Apr-14
Portland Advantage Plus - McKinley Fund - Series F $USD (2.3%) 13.9% (4.8%) (27.6%) (15.7%) (30.6%) - - (38.8%) 31-Jul-14
Global
Portland Value Plus Fund - Series A (0.1%) 6.9% 9.2% (5.1%) (2.3%) - - - (21.3%) 30-Jan-15
Portland Value Plus Fund - Series A $USD (0.1%) 3.5% 14.3% (1.3%) 1.8% - - - (21.7%) 30-Jan-15
Portland Value Plus Fund - Series F 0.0% 7.2% 9.8% (4.1%) (1.2%) - - - (20.4%) 30-Jan-15
Portland Value Plus Fund - Series F $USD 0.0% 3.8% 15.0% (0.2%) 2.9% - - - (20.8%) 30-Jan-15
Global with Income
Portland Global Aristocrats Plus Fund - Series A 1.7% 3.1% 3.5% 8.1% 11.4% - - - 12.9% 30-Jun-16
Portland Global Aristocrats Plus Fund - Series F 1.8% 3.4% 4.1% 9.2% 12.7% - - - 14.1% 30-Jun-16

Mutual Funds
As at November 30, 2017
Fund Name 1 month 3 months 6 months Calendar YTD 1 year 3 years* 5 years* 10 years* Since Inception* Inception Date
Canada/North America
Portland Advantage Fund - Series A (0.3%) 4.6% 3.3% 4.6% 7.5% 1.6% 5.0% - 4.8% 31-Oct-12
Portland Advantage Fund - Series F (0.2%) 4.9% 3.9% 5.6% 8.8% 2.8% 6.2% - 6.0% 31-Oct-12
Portland Canadian Balanced Fund - Series A 1.2% 6.8% 8.1% 10.3% 12.8% 9.1% 10.8% - 10.7% 31-Oct-12
Portland Canadian Balanced Fund - Series F 1.3% 7.1% 8.7% 11.5% 14.1% 10.4% 12.0% - 11.9% 31-Oct-12
Portland Canadian Focused Fund - Series A 1.3% 6.8% 7.6% 9.0% 11.6% 10.4% 11.1% - 11.0% 31-Oct-12
Portland Canadian Focused Fund - Series F 1.4% 7.1% 8.2% 10.2% 12.8% 11.7% 12.3% - 12.2% 31-Oct-12
Global
Portland 15 of 15 Fund - Series A Performance cannot be reported until one year has passed
Portland 15 of 15 Fund - Series F Performance cannot be reported until one year has passed
Portland Value Fund - Series A 0.0% 4.3% 1.1% (4.9%) (4.1%) - - - (7.6%) 19-May-15
Portland Value Fund - Series F 0.1% 4.6% 1.7% (3.9%) (3.0%) - - - (6.5%) 19-May-15
Global with Income
Portland Global Banks Fund - Series A 2.0% 11.3% 10.3% 10.9% 16.5% 9.3% - - 10.2% 17-Dec-13
Portland Global Banks Fund - Series A2 2.1% 11.4% 10.5% 11.2% 16.9% 9.7% 12.4% (8.3%) (10.2%) 17-Jul-07
Portland Global Banks Fund - Series F 2.1% 11.6% 10.9% 12.0% 17.8% 10.5% - - 11.4% 17-Dec-13
Portland Global Dividend Fund - Series A 0.0% 8.0% 5.6% 13.2% 17.4% 7.0% - - 5.2% 29-May-14
Portland Global Dividend Fund - Series A2 0.0% 8.1% 5.8% 13.5% 17.8% 7.3% 9.9% 0.5% (0.4%) 16-May-07
Portland Global Dividend Fund - Series F 0.1% 8.3% 6.2% 14.3% 18.8% 8.2% - - 6.4% 29-May-14
Portland Global Income Fund - Series A 0.8% 4.7% 4.3% 9.7% 13.2% 5.3% - - 6.0% 17-Dec-13
Portland Global Income Fund - Series A2 0.8% 4.7% 4.4% 10.0% 13.5% 5.6% 10.4% (3.9%) (2.4%) 18-Feb-05
Portland Global Income Fund - Series F 0.9% 4.9% 4.9% 10.8% 14.4% 6.5% - - 7.2% 17-Dec-13

Public Separately Managed Account Mandates Performance
As at November 30, 2017
Fund Name 1 month 3 months 6 months Calendar YTD 1 year 3 years* 5 years* 10 years* Since Inception* Inception Date
Canada/North America
Portland Advantage Equity Mandate (0.0%) 5.3% 5.4% 7.0% 9.4% 1.8% 7.2% - 7.2% 01-Jan-10
Portland Canadian Balanced Mandate 1.5% 7.6% 9.7% - - - - - 9.3% 16-Feb-17
Portland Canadian Focused Equity Mandate 1.6% 7.9% 9.5% - - - - - 8.5% 16-Feb-17
US/North America
Portland 15 of 15 Equity Mandate 0.7% 4.7% 3.4% 13.0% - - - - 13.6% 13-Dec-16
Global
Portland Global Equity Mandate $USD 1.0% 6.0% 12.3% 19.2% 22.5% 7.8% 9.4% - 9.3% 01-Aug-09