MDPIM Pooled Funds 2018 INTERIM FINANCIAL STATEMENTS

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1 MDPIM Pooled Funds 2018 INTERIM FINANCIAL STATEMENTS

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3 A Message Regarding Your Financial Statements The Interim Financial Statements produced for our MDPIM Pools are an important part our commitment to keeping clients informed about their MD investments. The Interim Financial Statements are produced on a pool-by-pool basis. If you have any questions regarding these documents, please contact your MD advisor or the MD TradeCentre at Interim Unaudited Financial Statements for the Six-Month Period Ended June 30, 2018 These Interim Unaudited Financial Statements do not contain the Interim Management Report of Fund Performance ( MRFP ) of the investment fund. If you have not received a copy of the Interim MRFP with this report, you may obtain a copy of the Interim MRFP at your request, and at no cost, by calling the toll-free number , by writing to us at MD Financial Management Inc., 1870 Alta Vista Drive, Ottawa ON K1G 6R7, by visiting our website at md.cma.ca or by visiting the SEDAR website at sedar.com. Copies of the Annual Financial Statements or Annual MRFP may also be obtained, at no cost, using any of the methods outlined above. Securityholders may also contact us using one of these methods to request a copy of the investment fund s proxy voting policies and procedures, proxy voting disclosure record or quarterly portfolio disclosure. NOTICE OF NO AUDITOR REVIEW OF THE INTERIM FINANCIAL STATEMENTS MD Financial Management Inc, the Manager of the Fund, appoints independent auditors to audit the Fund s Annual Financial Statements. Under Canadian securities laws (National Instrument ), if an auditor has not reviewed the Interim Financial Statements, this must be disclosed in an accompanying notice. The Fund s independent auditors have not performed a review of these Interim Financial Statements in accordance with standards established by the Canadian Institute of Chartered Accountants. MD Financial Management Inc. wholly owns or has a majority interest in its seven subsidiaries (the MD Group of Companies).It provides financial products and services, is the fund manager for the MD Family of Funds and offers investment counselling services. For a detailed list of the MD Group of Companies, visit md.cma.ca. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. Standard performance data assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges payable by any securityholder which would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. You may obtain a copy of the prospectus before investing by calling your MD Advisor or the MD Trade Centre at

4 MDPIM Canadian Equity Pool Schedule of Investment Portfolio as at June 30, 2018 (unaudited) (in $000's except for number of shares) Number of Shares Average Cost ($) Fair Value ($) DOMESTIC EQUITIES Consumer Discretionary (9.38%) Alimentation Couche-Tard Inc. Cl. B 917,877 44,193 52,420 Aritzia Inc. 194,000 3,029 3,026 BMTC Group Inc. 32, Boyd Group Income Fund 39,600 4,227 4,642 BRP Inc., Sub. Voting 108,400 2,816 6,870 Canada Goose Holdings Inc. 60,100 2,494 4,647 Canadian Tire Corporation, Limited Cl. A 51,616 5,932 8,857 Cineplex Inc. 190,468 8,564 5,558 Corus Entertainment Inc. Cl. B 82,143 1, Dollarama Inc. 798,800 30,346 40,707 Goeasy Ltd. 113,300 3,704 4,561 Great Canadian Gaming Corporation 59,400 1,956 2,765 Leon's Furniture Limited 122,000 2,178 2,203 Linamar Corporation 126,488 7,595 7,312 Magna International Inc. 133,494 7,569 10,207 Martinrea International Inc. 437,000 4,333 6,162 Pollard Banknote Limited 119,800 1,949 2,581 Recipe Unlimited Corp. 149,900 4,305 4,268 Restaurant Brands International Inc. 995,549 56,998 78,947 Roots Corporation 327,600 4,318 3,505 Sleep Country Canada Holdings Inc. 327,800 11,704 10,676 Spin Master Corp., Sub. Voting 29,700 1,161 1,731 Stingray Digital Group Inc., Sub. Voting 73, The Intertain Group Limited 187,100 3,116 3,213 The Stars Group Inc. 121,000 2,739 5,769 Thomson Reuters Corporation 328,253 14,418 17,414 Yellow Pages Limited 76, Total for Consumer Discretionary 232, ,253 Consumer Staples (3.60%) AGT Food and Ingredients Inc. 39, Andrew Peller Limited Cl. A 123,600 1,960 2,107 Empire Company Limited Cl. A 124,163 2,068 3,277 Jamieson Wellness, Inc. 201,158 4,790 5,355 Lassonde Industries Inc. Cl. A 15,529 3,796 4,348 Loblaw Companies Limited 536,686 36,161 36,280 Metro Inc. 637,041 20,118 28,469 Saputo Inc. 712,117 25,166 31,084 Total for Consumer Stapes 94, ,522 Energy (17.71%) AltaGas, Ltd. 372,115 11,246 10,103 AltaGas, Ltd. Subscription Receipts 261,120 7,932 7,089 ARC Resources, Ltd. 776,175 14,419 10,540 BlackPearl Resources Inc. 3,781,702 4,952 5,521 Calfrac Well Services, Ltd. 247,100 1,485 1,379 Canadian Natural Resources, Ltd. 1,712,443 64,141 81,255 Cenovus Energy Inc. 793,177 9,924 10,827 CES Energy Solutions Corp. 1,530,849 6,671 6,874 Crescent Point Energy Corp. Cl. A 1,077,400 11,281 10,408 Crew Energy Inc. 1,650,901 9,869 3,318 Enbridge Inc. 2,051, ,376 96,422 EnCana Corporation 1,504,066 21,457 25,825 Percentages shown in brackets relate investments at fair value to net assets of the Fund. The accompanying notes are an integral part of these financial statements. 4 MD Financial Management Inc. MDPIM Interim Financial Statements 2018

5 MDPIM Canadian Equity Pool Schedule of Investment Portfolio as at June 30, 2018 (unaudited) (in $000's except for number of shares) Number of Shares Average Cost ($) Fair Value ($) Enerplus Corporation 1,425,900 20,143 23,641 Gibson Energy Inc. 167,586 3,360 2,938 Gran Tierra Energy, Inc. 1,409,700 4,876 6,414 Inter Pipeline, Ltd. 760,400 19,734 18,736 International Petroleum Corporation 252,100 2,062 2,206 Kelt Exploration, Ltd. 708,802 5,093 6,330 Keyera Corp. 880,412 31,830 32,206 Mullen Group Limited 381,693 7,513 5,912 North American Construction Group, Ltd. 201,798 1,308 1,564 NuVista Energy, Ltd. 2,040,229 14,197 18,607 Parex Resources Inc. 242,400 3,812 6,016 Parkland Fuel Corporation 261,700 7,656 8,453 PEYTO Exploration & Development Corp. 313,475 9,200 3,172 PrairieSky Royalty, Ltd. 211,700 6,606 5,494 Precision Drilling Corporation 191, Questor Technology Inc. 398,400 1,494 1,725 ShawCor, Ltd. 177,489 5,798 4,530 STEP Energy Services, Ltd. 423,526 4,503 4,650 Storm Resources, Ltd. 744,700 2,253 2,324 Suncor Energy Inc. 1,055,446 39,991 56,466 Surge Energy Inc. 1,845,200 4,248 4,392 Tamarack Valley Energy, Ltd. 1,080,000 3,270 4,979 Total Energy Services Inc. 208,300 2,891 2,420 Tourmaline Oil Corp. 446,699 14,183 10,493 TransCanada Corporation 547,153 29,629 31,122 TransGlobe Energy Corporation 1,324,191 3,137 4,820 Trinidad Drilling, Ltd. 1,648,735 5,936 3,083 Westshore Terminals Investment Corporation 61,900 1,494 1,475 Yangarra Resources, Ltd. 530,700 2,680 2,940 Total for Energy 525, ,501 Financials (30.87%) Agellan Commercial Real Estate Investment Trust 229,100 3,107 3,091 AGF Management Limited Cl. B 108, Bank of Montreal 850,928 73,765 86,471 Boardwalk Real Estate Investment Trust 85,700 3,707 3,914 Brookfield Asset Management Inc. Cl. A 2,070,975 84, ,445 Canaccord Genuity Group Inc. 723,472 4,598 5,252 Canadian Imperial Bank of Commerce 706,702 68,982 80,818 Canadian Western Bank 37,284 1,008 1,292 Colliers International Group Inc. 115,500 9,432 11,552 CT Real Estate Investment Trust 48, Dream Industrial Real Estate I 295,800 2,722 3,053 Dream Office Real Estate Investment Trust 86,581 1,731 2,029 Dream Unlimited Corp Cl. A 518,400 4,550 5,044 ECN Capital Corp. 720,400 2,402 2,543 E-L Financial Corporation Limited 4,427 2,761 3,630 First Capital Realty Inc. 244,000 5,039 5,041 FirstService Corporation, Sub. Voting 51,300 2,913 5,129 Genworth MI Canada Inc. 12, Gluskin Sheff + Associates Inc. 270,600 4,567 4,443 Granite Real Estate Investment Trust 55,700 3,041 2,987 Industrial Alliance Insurance and Financial Services Inc. 210,519 9,516 10,684 Intact Financial Corporation 91,997 8,751 8,579 Laurentian Bank of Canada 20,123 1, Percentages shown in brackets relate investments at fair value to net assets of the Fund. The accompanying notes are an integral part of these financial statements. MD Financial Management Inc. MDPIM Interim Financial Statements

6 MDPIM Canadian Equity Pool Schedule of Investment Portfolio as at June 30, 2018 (unaudited) (in $000's except for number of shares) Number of Shares Average Cost ($) Fair Value ($) Manulife Financial Corporation 1,732,039 40,542 40,911 Northview Apartment REIT 108,700 2,590 2,857 Onex Corporation 360,348 26,627 34,770 Power Corporation of Canada 701,950 19,939 20,665 Power Financial Corporation 466,539 15,212 14,346 Royal Bank of Canada 1,549, , ,429 Sun Life Financial Inc. 641,775 30,833 33,905 The Bank of Nova Scotia 1,734, , ,113 The Toronto-Dominion Bank 2,187, , ,420 Total for Financials 797, ,249 Industrials (14.57%) Air Canada 508,400 11,273 10,803 Algoma Central Corporation 96,000 1,451 1,423 ATS Automation Tooling Systems Inc. 928,200 15,310 18,137 Badger Daylighting, Ltd. 161,500 4,420 5,115 Bombardier Inc. Cl. B 1,418,200 6,864 7,375 CAE Inc. 108,582 1,744 2,965 Canadian National Railway Company 972,440 69, ,566 Canadian Pacific Railway Company 442,634 86, ,639 CanWel Building Materials Group, Ltd. 413,100 3,007 2,842 Chorus Aviation, Inc. 327,800 2,471 2,308 Exchange Income Corp. 134,000 4,632 4,293 Finning International Inc. 775,400 23,018 25,162 Hardwoods Distribution Inc. 104,900 1,977 1,791 Horizon North Logistics Inc. 656,100 1,393 1,726 Maxar Technologies Ltd. 157,690 11,574 10,407 Polaris Infrastructure Inc. 217,800 4,062 3,067 SNC-Lavalin Group Inc. Cl. A 643,888 33,941 37,384 Stantec Inc. 587,300 18,727 19,857 Stella-Jones Inc. 104,800 4,803 5,019 Stuart Olson Inc. 368,900 2,642 2,840 TFI International Inc. 134,200 3,794 5,442 Toromont Industries, Ltd. 449,282 14,449 25,546 Transcontinental Inc. Cl. A 156,300 3,951 4,772 Waste Connections, Inc. 404,152 30,770 40,023 WestJet Airlines, Ltd. 80,100 1,820 1,452 Total for Industrials 364, ,954 Information Technology (4.99%) Celestica Inc., Sub. Voting 191,300 2,927 2,990 CGI Group Inc. Cl. A 721,197 44,379 60,083 Enghouse Systems Limited 364,700 20,781 27,998 Kinaxis Inc. 182,700 14,728 16,169 Medical Facilities Corporation 43, Open Text Corporation 567,684 21,409 26,267 Pason Systems Inc. 147,500 2,972 3,174 Points International, Ltd. 43, Shopify Inc. Cl. A 40,600 6,472 7,783 The Descartes Systems Group Inc. 194,254 7,425 8,320 Total for Information Technology 122, ,344 Materials (8.18%) Agnico-Eagle Mines Limited 267,040 13,569 16,094 AirBoss of America Corp. 50, Percentages shown in brackets relate investments at fair value to net assets of the Fund. The accompanying notes are an integral part of these financial statements. 6 MD Financial Management Inc. MDPIM Interim Financial Statements 2018

7 MDPIM Canadian Equity Pool Schedule of Investment Portfolio as at June 30, 2018 (unaudited) (in $000's except for number of shares) Number of Shares Average Cost ($) Fair Value ($) Altius Minerals Corporation 50, Argonaut Gold Inc. 405,900 1, Barrick Gold Corporation 721,014 16,357 12,452 Canfor Corporation 202,100 3,411 6,394 Canfor Pulp Products, Inc. 53, ,337 CCL Industries Inc. Cl. B 170,900 10,909 11,014 Detour Gold Corporation 187,900 2,957 2,221 Dundee Precious Metals Inc. 488,100 1,389 1,533 First Quantum Minerals, Ltd. 332,800 5,232 6,446 Fortuna Silver Mines Inc. 435,500 2,893 3,257 Franco-Nevada Corporation 290,481 24,089 27,872 Goldcorp Inc. 885,767 18,310 15,988 HudBay Minerals, Inc. 160,840 1,555 1,179 IAMGOLD Corporation 182,600 1,439 1,399 Interfor Corporation 818,368 15,782 20,664 Kinross Gold Corp. 235,226 1,309 1,164 Kirkland Lake Gold Ltd. 218,797 1,780 6,091 Major Drilling Group International Inc. 947,781 8,091 6,578 Neo Performance Materials Inc. 123,200 2,243 2,006 Norbord Inc. 82,400 2,705 4,455 Nutrien Ltd. 700,836 41,986 50,124 OceanaGold Corporation 814,800 2,998 2,974 Pan American Silver Corp. 131,412 3,070 3,092 Roxgold Inc. 591, Russel Metals Inc. 165,850 4,242 4,456 Teck Resources, Ltd. Cl. B Sub. Voting 467,673 14,445 15,662 Teranga Gold Corporation 513,000 1,966 2,406 Wajax Corporation 128,300 3,122 3,195 Wesdome Gold Mines Ltd. 397,700 1,180 1,221 West Fraser Timber Co., Ltd. 77,100 6,753 6,977 Western Forest Products Inc. 1,602,200 3,804 4,294 Wheaton Precious Metals Corp. 262,050 6,338 7,605 Total for Materials 227, ,193 Telecommunication Services (2.62%) Rogers Communications Inc. Cl. B 606,446 32,542 37,867 TELUS Corporation 926,341 41,208 43,260 Total for Telecommunication Services 73,750 81,127 Utilities (2.96%) ATCO, Ltd. Cl I 734,876 30,527 29,821 Canadian Utilities Limited Cl. A 265,928 9,491 8,829 Capital Power Corporation 89,590 2,003 2,260 Fortis Inc. 621,841 27,024 26,130 Northland Power Inc. 755,601 17,060 18,535 Superior Plus Corporation 336,000 4,242 4,270 TransAlta Corporation 271,185 1,553 1,790 Total for Utilities 91,900 91,635 Exchange Traded Funds (3.09%) ishares Core S&P/TSX Capped Composite Index ETF 3,088,992 76,186 79,758 ishares S&P/TSX 60 Index ETF 649,847 15,045 15,778 Total for Exchange Traded Funds 91,231 95,536 Total for Domestic Equities (97.97%) 2,622,790 3,031,314 Percentages shown in brackets relate investments at fair value to net assets of the Fund. The accompanying notes are an integral part of these financial statements. MD Financial Management Inc. MDPIM Interim Financial Statements

8 MDPIM Canadian Equity Pool Schedule of Investment Portfolio as at June 30, 2018 (unaudited) (in $000's except for number of shares) Number of Shares Average Cost ($) Fair Value ($) FOREIGN EQUITIES Bermuda (0.15%) Brookfield Business Partners LP Unit 94,100 3,695 4,742 Total for Bermuda 3,695 4,742 Total for Foreign Equities (0.15%) 3,695 4,742 Total for Long-term Investments (98.12%) 2,626,485 3,036,056 Maturity Date Yield (%) Principal Amount in Currency of Issue Average Cost ($) Fair Value ($) SHORT-TERM INVESTMENTS Government of Canada 07/12/ % 5,250 5,248 5,248 Government of Canada 07/26/ % Government of Canada 08/23/ % 14,545 14,519 14,519 Government of Canada 09/06/ % 5,850 5,837 5,837 Government of Canada 08/09/ % Government of Canada 09/20/ % 9,950 9,923 9,923 Government of Canada 10/04/ % 4,300 4,286 4,286 Government of Canada 11/01/ % 1,100 1,095 1,095 Total for Short-term Investments (1.36%) 42,207 42,207 Total for Investments (99.48%) $2,668,692 $3,078,263 Cash and Other Net Assets (0.52%) 16,041 Total Net Assets Attributable to Holders of Redeemable Units (100.00%) $3,094,304 Percentages shown in brackets relate investments at fair value to net assets of the Fund. The accompanying notes are an integral part of these financial statements. 8 MD Financial Management Inc. MDPIM Interim Financial Statements 2018

9 MDPIM Canadian Equity Pool Financial Statements Statement of Financial Position (unaudited) (in $000's except for units outstanding and per unit amounts) June 30, 2018 December 31, 2017 Assets Current assets Investments $ 3,078,263 $2,943,490 Cash 16,907 27,574 Dividends and interest receivable 7,703 7,213 Receivable for investment transactions 12,073 5,257 Subscriptions receivable 2,826 2,129 3,117,772 2,985,663 Liabilities Current liabilities Payable for investment transactions 21,554 8,434 Distributions payable Redemptions payable 1, ,468 9,000 Net assets attributable to holders of redeemable units $3,094,304 $ 2,976,663 Net assets attributable to holders of redeemable units per series Series A $ 9,947 $ 11,021 Private Trust Series $ 3,084,357 $2,965,642 Number of redeemable units outstanding (see Supplementary Schedules) Series A 424, ,880 Private Trust Series 141,090, ,034,633 Net assets attributable to holders of redeemable units per unit, per series Series A $ $ Private Trust Series $ $ Statement of Comprehensive Income (unaudited) for the periods ended June 30 (in $000 s except for per unit amounts) Income Net gain (loss) on investments Dividends $ 37,794 $ 36,231 Interest for distribution purposes Net realized gain (loss) on sale of investments 48,109 64,962 Change in unrealized appreciation (depreciation) of investments (35,199) (79,218) Net gain (loss) on investments 51,104 22,591 Net gain (loss) on derivative instruments Net realized gain (loss) on derivative instruments (6) - Net gain (loss) on derivatives instruments (6) - Other Income Foreign exchange gain (loss) on cash 29 (28) Securities lending (see Supplementary Schedules) Other Total other income Total income (loss) 51,612 23,133 Expenses Management fees (Note 4) Regulatory filing fees Audit fees 11 9 Custodial fees Securityholder reporting costs 6 19 Administration fees Independent Review Committee (IRC) fees 1 1 Interest expense - 4 Withholding tax on foreign income 6 25 Operating expenses absorbed by the Fund Manager (Note 4) (224) (359) Transaction costs 2,077 1,857 Total expenses 2,156 1,961 Increase (decrease) in net assets attributable to holders of redeemable units $ 49,456 $ 21,172 Increase (decrease) in net assets attributable to holders of redeemable units per series Series A $ 71 $ (11) Series T $ - $ 8 Private Trust Series $ 49,385 $ 21,175 Increase (decrease) in net assets attributable to holders of redeemable units per unit, per series Series A $ 0.15 $ (0.02) Series T $ - $ 0.05 Private Trust Series $ 0.36 $ 0.15 The accompanying notes are an integral part of these financial statements. MD Financial Management Inc. MDPIM Interim Financial Statements

10 MDPIM Canadian Equity Pool Financial Statements Statement of Changes in Net Assets Attributable to Holders of Redeemable Units ("Net Assets") (unaudited) for the periods ended June 30 (in $000 s) SERIES A Net assets - beginning of period $ 11,021 $ 11,426 Add (deduct) changes during the period: Operations Increase (decrease) in net assets attributable to holders of redeemable units 71 (11) Redeemable unit transactions Proceeds from issue of redeemable units Cash paid for redemption of redeemable units (1,409) (1,021) Units issued on reinvestment of distributions (1,111) (900) Distributions From net investment income (34) (36) (34) (36) Net assets - end of period $ 9,947 $ 10,479 SERIES T Net assets - beginning of period $ - $ 1,355 Add (deduct) changes during the period: Operations Increase (decrease) in net assets attributable to holders of redeemable units - 8 Redeemable unit transactions Proceeds from issue of redeemable units - 30 Cash paid for redemption of redeemable units - (193) - (163) Distributions From net investment income - (17) Return of capital - (34) - (51) PRIVATE TRUST SERIES Net assets - beginning of period $2,965,642 $ 3,011,806 Add (deduct) changes during the period: Operations Increase (decrease) in net assets attributable to holders of redeemable units 49,385 21,175 Redeemable unit transactions Proceeds from issue of redeemable units 190, ,636 Cash paid for redemption of redeemable units (119,743) (613,363) Units issued on reinvestment of distributions 35,909 36, ,873 (290,315) Distributions From net investment income (37,543) (37,997) (37,543) (37,997) Net assets - end of period $ 3,084,357 $ 2,704,669 TOTAL FUND Net assets - beginning of period $ 2,976,663 $ 3,024,587 Add (deduct) changes during the period: Operations Increase (decrease) in net assets attributable to holders of redeemable units 49,456 21,172 Redeemable unit transactions Proceeds from issue of redeemable units 190, ,753 Cash paid for redemption of redeemable units (121,152) (614,577) Units issued on reinvestment of distributions 35,940 36, ,762 (291,378) Distributions From net investment income (37,577) (38,050) Return of capital - (34) (37,577) (38,084) Net assets - end of period $3,094,304 $ 2,716,297 Net assets - end of period $ - $ 1,149 The accompanying notes are an integral part of these financial statements. 10 MD Financial Management Inc. MDPIM Interim Financial Statements 2018

11 MDPIM Canadian Equity Pool Financial Statements Statement of Cash Flows (unaudited) for the periods ended June 30 (in $000 s) Cash flows from (used in) operating activities Increase (decrease) in net assets attributable to holders of redeemable units $ 49,456 $ 21,172 Adjustments for: Proceeds from sale of investments 982,829 1,202,688 Purchase of investments (1,098,188) (904,804) Amortization income (200) (189) Unrealized foreign exchange (gain) loss on cash (1) 1 Net realized (gain) loss on sale of investments (48,109) (64,962) Change in unrealized (appreciation) depreciation of investments 35,199 79,218 Net change in non-cash working capital (490) 1,023 Net cash from (used in) operating activities (79,504) 334,147 Cash flows from (used in) financing activities Proceeds from issue of redeemable units 190, ,828 Distributions to holders of redeemable units, net of reinvested distribution (797) (820) Cash paid for redemption of redeemable units (120,644) (613,914) Net cash from (used in) financing activities 68,836 (327,906) Unrealized foreign exchange gain (loss) on cash 1 (1) Net increase (decrease) in cash during the period (10,667) 6,240 Cash, beginning of period 27, Cash, end of period $ 16,907 $ 7,086 Interest received Dividends received, net of withholding taxes 37,299 37,228 The accompanying notes are an integral part of these financial statements. MD Financial Management Inc. MDPIM Interim Financial Statements

12 MDPIM Canadian Equity Pool Financial Statements Supplementary Schedules (unaudited) Redeemable Unit Transactions for the periods ended June SERIES A Outstanding, beginning of period 472, ,446 Issued 13,038 5,389 Redeemed (61,276) (45,488) Outstanding, end of period 424, ,347 SERIES T* Outstanding, beginning of period - 159,502 Issued - 3,639 Redeemed - (23,243) Outstanding, end of period - 139,898 PRIVATE TRUST SERIES Outstanding, beginning of period 136,034, ,251,727 Issued 11,871,695 15,420,363 Redeemed (6,815,960) (29,153,957) Outstanding, end of period 141,090, ,518,133 *Series T was terminated August 25, Soft Dollar Commissions Soft dollar commissions refers to the portion of total brokerage commissions paid to certain brokers that was available for payment to third party vendors for providing research, statistical or investment decision making services. These services assist the investment managers with their investment decision making for the Fund. The soft dollar portion of the commissions paid to dealers for executing portfolio transactions is not ascertainable for the first six months of 2018 and Securities on Loan (in $000 s) June 30, 2018 December 31, 2017 Fair value of securities loaned $ 100,969 $ 89,486 Fair value of collateral (non-cash) $ 105,607 $ 94,048 State Street Bank and Trust Co. is entitled to receive payments out of the gross amount generated from the securities lending transactions of the Fund and bears all operational costs directly related to securities lending as well as the cost of borrower default indemnification. The table below sets out a reconciliation of the gross amount generated from the securities lending transactions of the Fund to the revenue from securities lending disclosed under securities lending income in the Fund s Statement of Comprehensive Income. for the periods ended June 30 (in $000's) Gross amount generated from the securities lending transactions $ 547 $ 609 Amounts paid to State Street Bank and Trust Co. $ (114) $ (125) Net securities lending income as reported in the Statement of Comprehensive Income $ 433 $ 484 Tax Loss Carry Forwards as at June 30 (in $000's) 2018 Net capital loss carried forward $ - Non-capital losses expiring: 2018 $ in 2020 and thereafter - Total $ - The Fund qualifies as a mutual fund trust under the provisions of the Income Tax Act (Canada) and, accordingly, is subject to tax on its income for the year, including net realized capital gains which is not paid or payable to its unitholders as at the end of the year. It is the intention of management that all annual net investment income and sufficient net realized taxable capital gains will be distributed to unitholders annually by December 31, such that there are no Canadian income taxes payable by the Fund. As a result, the Fund does not record income taxes. Since the Fund does not record income taxes, no benefit has been recorded by the Fund in its financial statements in respect of its unused losses as at June 30, As of the taxation year ended December 15, 2017, the Fund does not have any accumulated net realized capital losses or non-capital losses available for utilization against net realized capital gains in future years. Capital losses have no expiry. Noncapital losses can be carried forward for up to 20 years. Management and administration fees (Note 4) As at June Management fee* Series A 1.25% 1.25% Series T NA 1.25% Private Trust Series NA NA *Private Trust Series unitholders pay a separately negotiated management fee directly to MD Financial Management Inc. Series T was terminated August 25, The accompanying notes are an integral part of these financial statements. 12 MD Financial Management Inc. MDPIM Interim Financial Statements 2018

13 MDPIM Canadian Equity Pool Financial Instruments Risks (unaudited) (in $000 s) Financial Instruments MDPIM Canadian Equity Pool (the Fund ) invests in Canadian equity securities as shown in the Schedule of Investment Portfolio. The Fund invests excess cash in high grade short-term notes with maturities of less than one year. These investments expose the Fund to risks associated with financial instruments. The Fund s exposure and sensitivity to these risks are presented below. A description of the risks and how the Fund manages these risks is discussed in Note 7 of the Notes to the Financial Statements. Credit Risk The Fund s credit risk is concentrated in investments in short-term debt instruments. The Fund s maximum exposure to credit risk from cash and short-term investments is presented on the Statement of Financial Position. As at June 30, 2018 and December 31, 2017, the Fund invested in debt instruments with the following credit ratings: Credit Rating % of Net Assets Attributable to Holders of Redeemable Units June 30, 2018 % of Net Assets Attributable to Holders of Redeemable Units December 31, 2017 Debt Instruments AAA / R-1 (High) 1.4% 0.8% Total 1.4% 0.8% All credit ratings are from external credit rating agencies such as Dominion Bond Rating Service, Standard & Poor s and Moody s. Currency Risk The Fund does not have significant assets or liabilities denominated in foreign currencies and therefore does not have significant exposure to currency risk. Interest Rate Risk The majority of the Fund s financial assets are non-interest bearing. The maturity dates of the interest-bearing assets held by the Fund are less than one year. Therefore, the Fund s exposure to interest rate risk is not significant. Other Price Risk As at June 30, 2018, 98.1% (December 31, %) of the Fund s Net Assets Attributable to Holders of Redeemable Units were invested in equity financial instruments traded in active markets. If prices of securities traded on these markets decrease by 10%, with all other factors remaining constant, Net Assets Attributable to Holders of Redeemable Units could fall by approximately $303,606 (December 31, $291,936). Conversely, if prices increase by 10%, Net Assets Attributable to Holders of Redeemable Units could rise by approximately $303,606 (December 31, $291,936). These sensitivities are estimates. Actual results may vary and the variance may be significant. Concentration Risk Concentration risk arises as a result of the concentration of exposures within the same category. The following table summarizes the Fund s concentration risk as a percentage of net assets attributable to holders of redeemable units: Market Segment June 30, 2018 December 31, 2017 Domestic Equities Consumer Discretionary 9.38% 8.90% Consumer Staples 3.60% 4.26% Energy 17.71% 16.30% Exchange Traded Funds 3.09% 2.73% Financials 30.87% 31.52% Industrials 14.57% 15.64% Information Technology 4.99% 3.16% Materials 8.18% 9.63% Telecommunication Services 2.62% 2.87% Utilities 2.96% 2.81% Foreign Equities Bermuda 0.15% 0.10% United States % Short Term Investments 1.36% 0.81% Cash and Other Net Assets (Liabilities) 0.52% 1.11% Total % % Liquidity Risk The Fund s financial liabilities are all due within one year. Redeemable units are redeemable on demand at the holder s option; however, the Fund does not expect the contractual maturity will be representative of the actual cash outflows, as holders of these instruments typically retain them for a longer period. The accompanying notes are an integral part of these financial statements. MD Financial Management Inc. MDPIM Interim Financial Statements

14 MDPIM Canadian Equity Pool Financial Instruments Risks (unaudited) (in $000 s) Fair Value Hierarchy The following is a summary of the Fund's use of quoted market prices (Level 1), internal models using observable market information as inputs (Level 2), and internal models without observable market information (Level 3) in the valuation of the Fund s securities. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs (Level 1) (Level 2) Total* June 30, 2018 Domestic Equities $ 3,031,314 $ - $ 3,031,314 Foreign Equities 4,742-4,742 Short-Term Investments - 42,207 42,207 Total $ 3,036,056 $ 42,207 $ 3,078,263 December 31, 2017 Domestic Equities $ 2,911,529 $ - $ 2,911,529 Foreign Equities 7,831-7,831 Short-Term Investments - 24,130 24,130 Total $ 2,919,360 $ 24,130 $ 2,943,490 *The Fund does not hold any Level 3 investments. There have been no significant transfers between Level 1 and Level 2 for the periods January 1, 2018 to June 30, 2018 and January 1, 2017 to December 31, The accompanying notes are an integral part of these financial statements. 14 MD Financial Management Inc. MDPIM Interim Financial Statements 2018

15 Notes to Financial Statements For the years ended June 30, 2018 and Name and formation of the Funds ESTABLISHMENT OF THE FUNDS The MDPIM Pooled Funds (individually a Fund and collectively the Funds ) are unincorporated mutual fund trusts formed under the laws of the province of Ontario pursuant to the Declarations of Trust, and the creation dates are as follows: MDPIM Canadian Bond Pool December 6, 2002 MDPIM Canadian Long Term Bond Pool March 24, 2010 MDPIM Dividend Pool January 4, 2007 MDPIM Strategic Yield Pool January 23, 2013 MDPIM Canadian Equity Pool June 16, 1999 August 9, 2000 MDPIM US Equity Pool August 6, 1999 August 9, 2000 MDPIM International Equity Pool December 6, 2002 MDPIM Strategic Opportunities Pool January 23, 2013 Series A Units Private Trust Units Series D Units Series I Units Series F Units MDPIM Emerging Markets Equity Pool April 11, 2014 March 19, 2018 March 19, 2018 March 19, 2018 MDPIM Global Tactical Opportunities Pool March 20, 2017 MDPIM S&P/TSX Capped Composite Index Pool March 20, 2017 November 21, 2017 MDPIM S&P 500 Index Pool March 20, 2017 November 21, 2017 MDPIM International Equity Index Pool March 20, 2017 November 21, 2017 MD Financial Management Inc. ( the Manager ) is the Manager and Trustee of the Funds. The address of the Funds registered office is 1870 Alta Vista Drive, Ottawa, ON K1G 6R7. The financial statements of the Funds include the Statement of Financial Position as of June 30, 2018 and December 31, 2017, and the Statement of Comprehensive Income, the Statement of Changes in Net Assets Attributable to Holders of Redeemable Units and the Statement of Cash Flows for the period June 30, 2018 and June 30, 2017, except for Funds established during either period, in which case the information provided relates to the period from commencment of operations to June 30, 2018 or June 30, These financial statements were authorized for issue by the Manager on August 8, SERIES OF UNITS All MDPIM Pooled Funds offer either Private Trust Series or Series A units which may be purchased by either MD Private Investment Counsel (an operating division of MD Financial Management Inc.) or MD Private Trust Company clients who have appointed MD Private Investment Counsel to provide discretionary portfolio management services and advice to them or MD Private Trust Company to provide trust services. The MDPIM Canadian Equity Pool and MDPIM US Equity Pool Series A units are available to all qualified investors. These units are closed to new subscribers. Investors holding Series A units of these Funds are allowed to hold their units, as well as subscribe for additional Series A units of the Funds. "Series D" units are available to all MD Management Ltd. clients who are qualified eligible investors and who have an MD Direct Trade account with MD Management Ltd. "Series F" units are available to all MD Management Ltd. clients who are qualified eligible investors and who have a fee-based account with MD Management Ltd. Series I units were established to support the MD Precision Conservative Portfolio, the MD Precision Moderate Balanced Portfolio, the MD Precision Balanced Growth Portfolio, the MD Precision Maximum Growth Portfolio, the MD Precision Balanced Income Portfolio and the MD Precision Moderate Growth Portfolio. These units are only available to the six Funds listed above and certain institutional investors, and are not charged management fees. "Series T" units were terminated August 25, Basis of presentation These financial statements have been prepared in compliance with International Financial Reporting Standards (IFRS) as published by the International Accounting Standards Board (IASB). MD Financial Management Inc. MDPIM Interim Financial Statements

16 Notes to Financial Statements For the years ended June 30, 2018 and Significant accounting policies FUNCTIONAL AND PRESENTATION CURRENCY The financial statements are presented in Canadian dollars, which is the Funds functional currency. Cash, investments and other assets and liabilities denominated in foreign currencies are translated into Canadian dollars at the rate of exchange prevailing on each valuation date. Transactions during the year in currencies other than Canadian dollars are translated into Canadian dollars at the rate of exchange prevailing on the trade date of the transaction. The difference in the foreign exchange rate between trade date and settlement date of a transaction is recognized in income on the Statement of Comprehensive Income. Foreign exchange gains and losses relating to cash are presented as Foreign exchange gain (loss) on cash and those relating to other financial assets and liabilities are presented within net gains or losses on the sale of investments or derivatives. All financial information is presented in Canadian dollars and has been rounded to the nearest thousand, unless otherwise stated. FINANCIAL INSTRUMENTS The Funds classify and measure financial instruments in accordance with IFRS 9 "Financial Instruments" (IFRS 9). All financial assets and liabilities are recognized in the Statement of Financial Position when the Funds become party to the contractual requirements of the instrument. Financial instruments are derecognized when the right to receive cash flows from the instrument has expired or the Funds have transferred substantially all the risks and rewards of ownership. As such, investment purchase and sale transactions are recorded as of the trade date. The Funds classify investments, including derivatives, as fair value through profit or loss (FVTPL), as these financial assets and liabilities are managed together and their performance is evaluated on a fair value basis in accordance with the Funds investment strategy. Subsequent to initial recognition, investments, including derivatives, are measured at FVTPL. Gains and losses arising from changes in the fair value are presented in the Statement of Comprehensive Income. The Funds' obligation for net assets attributable to holders of redeemable units is measured at FVTPL, with fair value being the redemption amount at the reporting date. Cash is measured at fair value upon recognition and subsequently at amortized cost. Other financial assets and liabilities, such as accrued interest and dividends receivable, accounts receivable for investment transactions, subscriptions receivable, amounts receivable for securities lending transactions, distributions payable, accounts payable for investment transactions and redemptions payable are recognized initially at fair value, net of transaction costs, and subsequently stated at amortized cost using the effective interest rate method. Under this method, these financial assets and liabilities reflect the amount required to be received or paid, discounted, when appropriate, at the contracts' effective interest rate. The Funds accounting policies for measuring the fair value of their investments and derivatives are identical to those used in measuring the net asset value (NAV) for transactions with unitholders. INCOME RECOGNITION The interest for distribution purposes shown on the Statement of Comprehensive Income represents the coupon interest received by the Funds accounted for on an accrual basis. Dividend income and distributions to unitholders are recorded on the ex-dividend date. Distributions from underlying funds out of interest, foreign income and related withholding taxes, Canadian dividends and net realized capital gains are recognized when declared. Realized gains or losses from investment transactions and the unrealized appreciation or depreciation of investments are computed on an average cost basis, which exclude brokerage commissions and other trading expenses. Brokerage commissions and other trading expenses are charged to income as incurred. OFFSETTING FINANCIAL INSTRUMENTS Financial assets and liabilities are offset and the net amount reported in the statement of financial position where the Funds currently have a legally enforceable right to set-off the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. In the normal course of business, the Funds may enter into various master netting agreements or similar agreements that do not meet the criteria for offsetting in the statement of financial position but still allow for the related amounts to be set off in certain circumstances, such as bankruptcy or termination of the contracts. Transactions with counterparties are governed by separate master netting agreements. Each agreement allows for net settlement of certain open contracts where the Fund and respective counterparty both elect to settle on a net basis. In the absence of such an election, contracts will be settled on a gross basis. However, each party to the master netting agreement will have the option to settle all open contracts on a net basis in the event of default of the other party. FAIR VALUE MEASUREMENT Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Investments are categorized as FVTPL and are recorded at fair value. In the case of securities traded in an active market, fair value is based on quoted market prices at the close of trading on the reporting date as provided by independent pricing services. The Funds use the last traded market price for both financial assets and financial liabilities where the last traded price falls within the day s bid-ask spread. In circumstances where the last traded price is not within the bid-ask spread, the Manager determines the point within the bid-ask spread that is most representative of fair value based on the specific facts and circumstances. In the case of investments not traded in an active market, or for those securities for which the Manager feels the latest market prices are not reliable, fair value is estimated based on valuation techniques established by the Manager. Valuation techniques established by the Manager are based on observable market data except in situations where there is no relevant or reliable market data. The value of securities estimated using valuation techniques not based on observable market data, if any, is disclosed in the Financial Instruments Risks section of the financial statements. 16 MD Financial Management Inc. MDPIM Interim Financial Statements 2018

17 Notes to Financial Statements For the years ended June 30, 2018 and 2017 FINANCIAL DERIVATIVES INSTRUMENTS A derivative is a financial contract between two parties, the value of which is derived from the value of an underlying asset such as equity, bond, commodity, interest rate or currency. Certain Funds may use derivatives, such as options, futures, forward contracts, swap contracts, and other similar instruments, in a manner considered appropriate to achieving the Fund s investment objectives. Derivatives may be used to protect a security price, currency exchange rate or interest rate from negative changes (hedging) or to provide exposure to securities, indices, or currencies without investing in them directly (non-hedging). Derivatives contain various risks including the potential inability for the counterparty to fulfil their obligations under the terms of the contract, the potential for illiquid markets and the potential price risk which may expose the Funds to gains and/or losses in excess of the amounts shown on the Statement of Financial Position. Derivatives with unrealized gains are reported as financial derivative instruments under current assets and derivatives with unrealized losses are reported as financial derivative instruments under current liabilities. Forward Currency Contracts Certain Funds may enter into forward currency contracts for either hedging or nonhedging purposes where such activity is consistent with their investment objectives and as permitted by the Canadian securities regulatory authorities. A forward currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. Investments in forward currency contracts are entered into with approved counterparties and are recorded at fair value. The fair value of a forward currency contract fluctuates with changes in foreign currency exchange rates. The fair value of forward currency contracts is reported as financial derivative instruments in the Statement of Financial Position. Forward currency contracts are marked to market daily and the changes in fair value of forward currency contracts are recorded in Change in unrealized appreciation (depreciation) of derivatives. Upon closing of the contracts, the accumulated gains or losses are reported in Net realized gain (loss) on sale of derivative instruments. The contractual amounts of open contracts are disclosed in the Schedule of Investment Portfolio in the Schedule of Derivative Instruments. Futures Contracts Futures contracts are valued on each valuation day using the closing market price posted on the related public exchange. The fair value of future contracts is reported as Financial Derivative Instruments in the Statement of Financial Position. All gains or losses arising from futures contracts are recorded as part of Change in unrealized appreciation (depreciation) of derivatives in the Statement of Comprehensive Income until the contracts are closed out or expire, at which time the gains or losses are realized and reported as Net realized gain (loss) on derivative instruments. Credit Default Swaps Certain Funds may enter into credit default swap contracts, primarily to manage and/or gain exposure to credit risk where such activity is consistent with their investment objectives and as permitted by the Canadian securities regulatory authorities. A credit default swap is an agreement between the Fund and a counterparty whereby the buyer of the contract receives credit protection and the seller of the contract guarantees the credit worthiness of a referenced debt obligation. The credit risk exposure of a Fund to the referenced asset is comparable to the exposure that would have resulted if the Fund were invested directly in the referenced debt obligation. In the event of a default of the underlying referenced debt obligation, the buyer of the contract is entitled to receive the notional amount of the credit default swap contract from the seller in exchange for the referenced debt obligation, a net settlement amount equal to the notional amount of the credit default swap contract less the recovery amount of value of the referenced debt obligation, or other agreed upon amount. Over the term of the contract, the buyer pays the seller a periodic stream of payments, provided that no event of default has occurred. Such periodic payments paid or received are accrued daily and are included in the Statement of Comprehensive Income in Net Interest Income (Expense) from Swap Contracts. Credit Default Swaps are disclosed in the Schedule of Derivative Instruments. The change in value of a credit default swap contract and any upfront premium paid or received is included in the Statement of Financial Position as Financial Derivative Instruments. When the credit default swap contracts are closed out, gains or losses, including upfront premiums, are realized and included in the Statement of Comprehensive Income in Net realized gain (loss) on derivatives instruments. Pursuant to the terms of the credit default swap contract, cash or securities may be required to be deposited as collateral. Interest Rate Swaps Certain Funds may enter into interest rate swap contracts, primarily to manage and/or gain exposure to fluctuations in interest rates. An interest rate swap is an agreement between the Fund and a counterparty whereby the parties agree to exchange a fixed payment for a floating payment that is linked to an interest rate and an agreed upon notional amount. Over the term of the contract, each party will pay to the other party a periodic stream of payments. Such periodic payments paid or received are accrued daily and are included in the Statement of Comprehensive Income in Net Interest Income (Expense) from Swap Contracts. Interest Rate Swaps are disclosed in the Schedule of Derivative Instruments. The change in value of an interest rate swap contract and any upfront premium paid or received is included in the Statement of Financial Position as Financial Derivative Instruments. When the interest rate swap contracts are closed out, gains or losses, as well as any upfront premiums, are realized and included in the Statements of Comprehensive Income in Net realized gain (loss) on derivatives instruments. Total Return Swaps Certain Funds may enter into total return swap contracts primarily to manage and/ or gain exposure to the underlying reference. An total return swap is an agreement between the Fund and a counterparty where single or multiple cash flows are exchanged based on the price of an underlying reference and based on a fixed or variable rate. MD Financial Management Inc. MDPIM Interim Financial Statements

18 Notes to Financial Statements For the years ended June 30, 2018 and 2017 Over the term of the contract, the Funds will pay to the counterparty a periodic stream of payments based on fixed or variable rate. Such periodic payments paid are accrued daily and are included in the Statement of Comprehensive Income in Net Interest Income (Expense) from Swap Contracts. At the maturity date, a net cash flow is exchanged where the total return is equivalent to the return of the underlying reference asset less a financing rate, if any. As a receiver, the Funds would receive payments based on any net positive total return and would owe payments in the event of a net negative total return. Total return swaps are disclosed in the Schedule of Derivative Instruments. The change in value of an total return swap contract is included in the Statement of Financial Position as Financial Derivative Instruments. When the total return swap contracts are closed out, gains or losses are realized and included in the Statements of Comprehensive Income in Net realized gain (loss) on derivatives instruments. Cross Currency Swaps Certain Funds may enter into cross currency swap contracts, primarily to manage and/or gain exposure to currency risk. A cross currency swap is an agreement between the Fund and a counterparty whereby the parties agree to exchange interest payments and principal on loans denominated in two different currencies. Over the term of the contract, each party will pay to the other party a periodic stream of payments. Such periodic payments paid or received are accrued daily and are included in the Statement of Comprehensive Income in Net Interest Income (Expense) from Swap Contracts. Cross currency swaps are disclosed in the Schedule of Derivative Instruments. The change in value of a cross currency swap contract and any upfront premium paid or received is included in the Statement of Financial Position as Financial Derivative Instruments. When the cross currency swap contracts are closed out, gains or losses, as well as any upfront premiums, are realized and included in the Statements of Comprehensive Income in Net realized gain (loss) on derivatives instruments. Foreign Currency Option Contracts Certain Funds may purchase foreign currency options. Purchasing foreign currency options gives the Fund the right, but not the obligation to buy or sell the currency and will specify the amount of currency and a rate of exchange that may be exercised by a specified date. These options may be used as a hedge against possible variations in foreign exchange rates or to gain exposure to foreign currencies. Foreign currency option contracts are disclosed in the Schedule of Derivative Instruments. The change in value of a foreign currency option contract and any premiums paid are included in the Statement of Financial Position as Financial Derivative Instruments. When the foreign currency option contracts are closed out, gains or losses, as well as any premiums paid, are realized and included in the Statements of Comprehensive Income in Net realized gain (loss) on derivatives instruments. CAPITAL RISK MANAGEMENT Units issued and outstanding are considered to be the capital of the Funds. The Funds do not have any specific capital requirements on the subscription and redemption of units, other than certain minimum subscription. The Funds units are offered for sale on any business day and may be redeemed or issued at the Net Asset Value (NAV) per unit for the respective series on that business day. A business day refers to any day the Toronto Stock Exchange is open for business. The NAV for each series is computed daily by calculating the value of that series proportionate share of net assets and liabilities of the Fund common to all series less liabilities attributable to that series. Expenses directly attributable to a series are charged to that series. Assets, common liabilities, revenues and other expenses are allocated proportionately to each series based upon the relative NAVs of each series. The NAV per unit is determined by dividing the NAV of each series of a Fund by the total number of units of that series outstanding. INCREASE (DECREASE) IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE UNITS PER UNIT Increase (decrease) in net assets attributable to holders of redeemable units per unit in the Statement of Comprehensive Income represents the increase or decrease in net assets attributable to holders of redeemable units attributable to each series of units for the period, divided by the weighted average units outstanding in that series during the period. SECURITIES LENDING TRANSACTIONS A Fund may lend portfolio securities to earn additional income through a securities lending agreement with its custodian. The aggregate market value of all securities loaned by the Fund cannot exceed 50% of the assets of the Fund. The Fund receives collateral in the form of securities deemed acceptable under National Instrument , Mutual Funds ( NI ) of at least 102% of the fair value of securities on loan. Collateral held is typically government and corporate bonds. Income from securities lending is recorded as Securities lending on a monthly basis when it is receivable. Securities lending details are listed in Securities on Loan included in the supplementary schedules to the financial statements. REDEEMABLE UNITS Certain Funds issue different series of redeemable units, which are redeemable at the holder s option and do not have identical rights. Such units are classified as financial liabilities. Redeemable units can be put back to the Funds at any date for cash equal to a proportionate share of the Funds net asset value attributable to the series. The redeemable units are carried at the redemption amount that is payable at the Statement of Financial Position date if the holder exercises the right to put the unit back to the Funds. Funds with only one series do not meet the criteria to be classified as equity as they impose on the Fund the obligation to deliver cash other than on redemption. Each such Fund must distribute its taxable income to unitholders annually and has provided unitholders the option to receive such distributions in cash. INVOLVEMENT IN UNCONSOLIDATED STRUCTURED ENTITIES A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements. 18 MD Financial Management Inc. MDPIM Interim Financial Statements 2018