Taxes

The fiscal year-end for all funds is December 15. Vertex One Asset Management Inc. will distribute the applicable net income and net realized capital gains for each fund. Distributions are automatically reinvested in additional units of the respective fund.

For the Vertex Enhanced Income Fund, Vertex One Asset Management Inc. will distribute its net income monthly at a fixed rate of 5% per annum. If applicable, net realized capital gains and excess income (to 5% per annum) for the year will be distributed on December 15. For the Vertex Enhanced Income Fund only, investors may choose to receive distributions in cash or re-investment of additional units.

Vertex Fund

Class A

Distribution

As a % of NAV

1-Year Return

2016 $0.00 0.00% -0.07%
2015 $0.00 0.00% 8.67%
2014 $4.33 6.52% -4.88%
2013 $4.02 5.44% 16.30%
2012 $2.02 3.08% 14.79%
2011 $5.79 9.20% -11.70%
2010 $2.37 3.22% 19.46%
2009 $0.00 0.00% 84.18%
2008 $0.00 0.00% -40.25%
2007 $4.37 7.25% 9.99%
2006 $3.49 5.99% 14.72%
2005 $0.18 0.35% 27.12%
2004 $2.99 6.93% 20.20%
2003 $0.00 0.00% 48.91%
2002 $2.16 8.23% -2.44%

Class B

Distribution

As a % of NAV

1-Year Return

2016 $0.00 0.00% -1.21%
2015 $0.00 0.00% 7.45%
2014 $0.44 4.55% -5.89%
2013 $0.48 4.53% 15.78%
2012 $0.18 1.96% 13.38%
2011 $0.73 8.03% -12.66%
2010 $0.33 3.11% 18.50%
2009 $0.00 0.00% 82.80%
2008 $0.00 0.00% -40.80%
2007 $0.53 5.95% 9.02%
2006 $0.49 5.66% 13.84%
2005 $0.07 0.91% 26.17%
2004 $0.62 9.25% 19.33%

Class F

Distribution

As a % of NAV

1-Year Return

2016 $0.00 0.00% -0.07%
2015 $0.00 0.00% 8.65%
2014 $4.23 6.69% -4.88%
2013 $3.81 5.43% 16.25%
2012 $1.94 3.10% 14.79%
2011 $5.62 9.37% -11.71%
2010 $2.45 3.47% 19.50%
2009 $0.00 0.00% 84.14%
2008 $0.00 0.00% -40.23%
2007 $4.61 7.94% 9.97%
2006 $3.52 6.25% 14.71%
2005 $1.08 2.15% 27.03%
2004 $3.59 8.33% 20.18%
2003 $0.00 0.00% 48.91%
2002 $2.16 8.23% -2.44%

Vertex Managed Value Portfolio

Class A

Distribution

As a % of NAV

1-Year Return

2016 $1.28 4.70% 33.52%
2015 $2.77 11.48% -5.52%
2014 $0.00 0.00% 7.14%
2013 $0.00 0.00% 37.51%
2012 $0.12 0.75% 25.05%
2011 $0.13 0.95% -9.36%
2010 $0.00 0.00% 10.30%
2009 $0.00 0.00% 13.52%
2008 $0.27 2.14% 1.84%
2007 $0.48 3.72% -14.24%
2006 $0.86 5.41% 18.00%
2005 $2.06 13.26% 5.19%
2004 $0.02 0.14% 11.15%
2003 $0.00 0.00% 20.49%
2002 $0.44 3.83% 2.91%
2001 $1.84 14.15% 1.21%
2000 $0.74 5.32% 26.22%
1999 $0.52 4.51% 14.73%
1998 $0.13 1.28% 1.8%

Class B

Distribution

As a % of NAV

1-Year Return

2016 $0.24 2.37% 32.76%
2015 $0.87 9.79% -6.42%
2014 $0.00 0.00% 6.31%
2013 $0.00 0.00% 36.40%
2012 $0.00 0.00% 23.97%
2011 $0.00 0.00% -10.30%
2010 $0.00 0.00% 9.47%
2009 $0.00 0.00% 12.68%
2008 $0.06 1.24% 0.91%
2007 $0.13 2.64% -15.09%
2006 $0.33 5.39% 17.23%
2005 $0.78 12.98% 4.37%
2004 $0.01 0.17% 10.38%

Class F

Distribution

As a % of NAV

1-Year Return

2016 $0.30 1.10% 33.51%
2015 $2.78 11.55% -5.51%
2014 $0.00 0.00% 7.11%
2013 $0.00 0.00% 37.47%
2012 $0.12 0.73% 24.99%
2011 $0.14 0.99% -9.37%
2010 $0.00 0.00% 10.30%
2009 $0.00 0.00% 13.54%
2008 $0.26 2.06% 1.85%
2007 $0.47 3.65% -14.23%
2006 $0.86 5.42% 17.96%
2005 $2.06 13.27% 5.20%
2004 $0.03 0.20% 11.13%
2003 $0.00 0.00% 20.49%
2002 $0.44 3.83% 2.91%
2001 $1.84 14.15% -1.21%
2000 $0.74 5.32% 26.22%
1999 $0.52 4.51% 14.73%
1998 $0.13 1.28% 1.80%

Vertex Enhanced Income Fund

Class B

Total Calendar Year Distribution

As a % of NAV

1-Year Return

2016 $0.68 7.18% 13.92%
2015 $0.75 7.51% -12.19%
2014 $0.72 6.10% 0.49%
2013 $0.54 4.62% 11.32%
2012 $0.54 4.91% 12.38%
2011 $0.47 4.47% -6.26%
2010 $0.75 6.22% 15.78%
2009 $0.04 0.38%

Class F

Total Calendar Year Distribution

As a % of NAV

1-Year Return

2016 $0.68 7.11% 14.85%
2015 $0.93 9.58% -11.47%
2014 $0.81 6.79% 1.24%
2013 $0.52 4.27% 11.71%
2012 $0.65 5.85% 13.28%
2011 $0.55 5.26% -5.64%
2010 $0.85 7.04% 16.57%
2009 $0.04 0.38%

Vertex Arbitrage Fund

Class F

Distribution

As a % of NAV

1-Year Return

2016 $0.53 4.76% 5.27%
2015 $0.00 0.00% 2.60%
2014 $0.21 1.99% 3.90%
2013 $0.02 0.19% N/A

Class B

Distribution

As a % of NAV

1-Year Return

2016 $0.33 3.06% 4.78%
2015 $0.00 0.00% 2.29%
2014 $0.20 1.91% 3.41%
2013 $0.02 0.22% N/A

Vertex Growth Fund

Class B

Distribution

As a % of NAV

1-Year Return

2016 $0.41 2.59% 2.78%
2015 $0.003 0.02% 5.36%
2014 $1.35 8.12% -1.92%
2013 $0.80 4.47% 27.56%
2012 $0.00 0.00% 16.79%
2011 $0.00 0.00% -15.41%
2010 $0.00 0.00% 40.71%
2009 $0.01 0.12%

Class F

Distribution

As a % of NAV

1-Year Return

2016 $0.59 3.53% 3.91%
2015 $0.002 0.01% 6.54%
2014 $1.40 8.07% -1.37%
2013 $0.90 4.84% 28.95%
2012 $0.00 0.00% 18.11%
2011 $0.00 0.00% -14.49%
2010 $0.00 0.00% 41.34%
2009 $0.01 0.12%

Vertex Value Fund

Class B

Distribution

As a % of NAV

1-Year Return

2016 $0.00 0.00% 40.03%
2015 $1.08 5.60% -8.78%
2014 $0.00 0.00% 10.09%
2013 $0.00 0.00% 41.44%
2012 $0.08 0.60% 39.54%
2011 $0.17 1.67% -13.97%
2010 $0.00 0.00% 15.70%
2009 $0.02 0.19%

Class F

Distribution

As a % of NAV

1-Year Return

2016 $0.00 0.00% 40.69%
2015 $1.23 6.17% -7.78%
2014 $0.00 0.00% 11.25%
2013 $0.00 0.00% 42.73%
2012 $0.05 0.40% 39.66%
2011 $0.17 1.67% -13.97%
2010 $0.00 0.00% 15.87%
2009 $0.02 0.19%