Manulife Guaranteed Investment Funds Select (GIF Select)

Transcription

1 Manulife Guaranteed Investment s Select (GIF Select) Performance as at December 31, 2009 FUND HIGHLIGHTS (Applicable to all Series) Effective April 30, 2010 The Manufacturers Life Insurance Company ( Manulife Financial ) is the issuer of the Manulife GIF Select insurance contract and the guarantor of any guarantee provisions therein.

2 GIF SELECT FUND CHANGES Information Folder Addendum Effective May 21, 2010, the Manulife GIF Select Highlights booklet, forming part of the Manulife GIF Select Information Folder, is amended to reflect the enclosed fund changes. This Addendum forms part of your Information Folder containing important provisions that you should read prior to investing. The Information Folder provides general information for your investment options, including the potential risks of investing in segregated funds. All of the sections of the Information Folder which pertain to the existing funds apply to the funds noted in this Addendum. This Addendum is not an insurance contract. Effective May 21, 2010, we will close the following funds and transfer the assets to continuing funds. Closing funds are capped to new deposits and switches in, and any deposits to the closing funds prior to this date will transfer to the continuing fund. Closing Manulife Global Core Class GIF Select Manulife CI Value Trust GIF Select Manulife CI Canadian Investment GIF Select Manulife Trimark Canadian First Class GIF Select Manulife International Equity GIF Select (Pictet) Continuing Manulife Global Opportunities Class GIF Select Manulife Mawer U.S. Equity GIF Select Manulife CI Harbour GIF Select Manulife AIM Canadian Premier Class GIF Select Manulife Mawer World Investment Class GIF Select If you have any questions about these changes, please contact your Advisor or Manulife Investments. CUSTOMER SERVICE CENTRE QUEBEC RESIDENTS SHOULD CALL The Manufacturers Life Insurance Company (Manulife Financial) is the issuer of the Manulife GIF Select insurance contract and the guarantor of any guarantee provisions therein. Manulife Investments is the brand name identifying the personal wealth management lines of business offered by Manulife Financial and its subsidiaries in Canada. Manulife and the block design are registered service marks and trademarks of The Manufacturers Life Insurance Company and are used by its affiliates including Manulife Financial Corporation. 05/

3 Manulife Certificate The Manufacturers Life Insurance Company ( Manulife Financial ) is the issuer of the Manulife Guaranteed Investment s Select insurance contract and the guarantor of any guarantee provisions contained therein. The contract offers a variety of segregated funds including money market, bond, dividend, balanced, indexed, equity and foreign funds (referred to as the s ). The underlying investments of the s may be units of mutual funds, pooled funds or other selected investment funds. Copies of the simplified prospectus, annual information form, financial highlights and audited financial statements of the underlying investments are available upon request. A description of the key features of the individual variable insurance contract is contained in the Information Folder and Contract*. The Information Folder provides brief and plain disclosure of all material facts relating to the Manulife Guaranteed Investment s Select contract. Subject to any applicable death, maturity and minimum withdrawal guarantee, any part of the premium or other amount that is allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value according to the fluctuations in the market value of the assets of the segregated fund. J. Roy Firth Bob Tillman Executive Vice President, Wealth Management VP Marketing & Business Development Manulife Financial Manulife Financial * Includes Guaranteed Investment s Select Base Information Folder and Contract, IncomePlus Series Information Folder and Contract, and EstatePlus Series Information Folder and Contract, as applicable. Highlights - Spring 2010

4 Table of Contents Finding fund information on the internet...7 How to read a Manulife GIF Select fund sheet...8 Potential risks of investing...10 INDEX BY FUND COMPANY AGF Investments Manulife AGF Bundle GIF Select...22 CI Investments Manulife CI Cambridge Global Equity GIF Select Manulife CI Cambridge Bundle GIF Select...34 Manulife CI Canadian Investment GIF Select...59 Manulife CI Harbour GIF Select...60 Manulife CI Harbour Growth & Income GIF Select.. 24 Manulife CI Signature Income & Growth GIF Select...25 Manulife CI Value Trust GIF Select...69 CIBC Asset Management Manulife CIBC Monthly Income GIF Select...26 Manulife Renaissance Bundle GIF Select...43 Manulife Renaissance Global Markets GIF Select Dynamic s Manulife Dynamic Bundle GIF Select...19 Manulife Dynamic Power Balanced GIF Select Manulife Dynamic Value Balanced GIF Select...36 Fidelity Investments Manulife Fidelity American Disciplined Equity GIF Select...70 Manulife Fidelity Bundle GIF Select...37 Manulife Fidelity Canadian Asset Allocation GIF Select...28 Manulife Fidelity Canadian Balanced GIF Select Manulife Fidelity Canadian Bond GIF Select...14 Manulife Fidelity Canadian Disciplined Equity GIF Select...62 Manulife Fidelity Disciplined Equity Bundle GIF Select...38 Manulife Fidelity Europe GIF Select...76 Manulife Fidelity Monthly Income GIF Select...29 Manulife Fidelity NorthStar GIF Select...77 Manulife Fidelity True North GIF Select...63 Franklin Templeton Investments Manulife International Equity GIF Select (Templeton)...82 Invesco Trimark Manulife AIM Canadian Balanced GIF Select...16 Manulife AIM Canadian Premier Class GIF Select Manulife Invesco Bundle GIF Select...40 Manulife Trimark Canadian First Class GIF Select Manulife Trimark Europlus GIF Select...91 Manulife Trimark Select Growth GIF Select...92 Mackenzie Investments Manulife Ivy Foreign Equity GIF Select (Mackenzie)...84 Manulife Mackenzie Bundle GIF Select...41 Manulife Mackenzie Cundill Value GIF Select...86 Manulife Maxxum Dividend Growth GIF Select (Mackenzie)...67 Manulife Sentinel Income GIF Select (Mackenzie) Manulife Financial Manulife Advantage GIF Select...12 Manulife AIC Bundle GIF Select...23 Manulife Balanced Index Bundle GIF Select...18 Manulife Bundle GIF Select...35 Manulife Canadian Bond Index GIF Select...13 Manulife Canadian Equity Index GIF Select...57 Manulife Dollar-Cost Averaging Advantage GIF Select...11 Manulife Global Opportunities Class GIF Select Manulife Growth Index Bundle GIF Select...30 Manulife International Equity Index GIF Select Manulife Simplicity Aggressive Portfolio GIF Select...53 Manulife Simplicity Balanced Portfolio GIF Select Manulife Simplicity Conservative Portfolio GIF Select Highlights - Spring 2010

5 Table of Contents continued Manulife Simplicity Global Balanced Portfolio GIF Select...48 Manulife Simplicity Growth Portfolio GIF Select Manulife Simplicity Income Portfolio GIF Select Manulife Simplicity Moderate Portfolio GIF Select Manulife U.S. Equity Index GIF Select...72 Underlying s Top Holdings...93 Highlights...99 Benchmarks IncomePlus Fee Rates EstatePlus Fee Rates Manulife Mutual s Manulife AIC Advantage II GIF Select...53 Manulife AIC Global Focused GIF Select...74 Manulife Canadian Core GIF Select...55 Manulife Canadian Equity GIF Select...56 Manulife Canadian Value GIF Select...58 Manulife Core Balanced GIF Select...27 Manulife Corporate Bond GIF Select...50 Manulife Dividend GIF Select...61 Manulife Global Core Class GIF Select...78 Manulife Global Dividend GIF Select...79 Manulife Global Monthly Income GIF Select...39 Manulife Growth GIF Select (Multi-Manager)...64 Manulife Growth Opportunities GIF Select...65 Manulife Japan Opportunities Class GIF Select Manulife Mawer Canadian Equity GIF Select...66 Manulife Mawer Diversified Investment GIF Select.. 42 Manulife Mawer Global Small Cap GIF Select Manulife Mawer Tax-Managed Growth GIF Select...88 Manulife Mawer U.S. Equity GIF Select...71 Manulife Mawer World Investment GIF Select Manulife Monthly High Income GIF Select...31 Manulife Strategic Income GIF Select...51 Manulife U.S. Mid-Cap GIF Select...73 Multiple Sub-Advisors Manulife Balanced GIF Select (Multi-Manager) Manulife International Equity GIF Select (Pictet) RBC Asset Management Manulife RBC/PHN Bundle GIF Select...32 TD Mutual s Manulife TD Dividend Income GIF Select...33 Highlights - Spring

6 Comprehensive and up-to-date fund information at your fingertips! GETTING COMPREHENSIVE AND UP-TO-DATE FUND INFORMATION HAS NEVER BEEN EASIER. Access Rates & Performance at a one-stop shop providing access to valuable fund information to help you build and maintain better portfolios. Under Rates & Performance, you can easily access the following information: FUND INFORMATION fund prices, performance history, short-term, long-term and annual rates of return, quartile rankings, asset mixes, top holdings, key fund facts and more. INTERACTIVE CHARTING CAPABILITIES to analyze a fund s performance or relative performance to an index or other funds. DYNAMIC PRINT CAPABILITIES ability to dynamically create up-to-date PDF fund profiles that are professionally designed. COMPREHENSIVE COMMENTARY & ANALYSIS overview of performance by manager, risk characteristics and market analysis providing you with the most up-todate information available. The i-watch philosophy With thousands of investment funds currently available in Canada, today s investor is faced with a bewildering array of options. The process of sorting through this maze to find the most appropriate investments can be complicated and time consuming and you still may not be able to access the information you need in order to make a prudent decision. monitor the managers we choose so you don t have to. We believe that it is important for our customers to have sufficient information in order to make prudent investment decisions. But it doesn t have to be that way. Manulife Financial s exclusive Investment Watch (i-watch ) program incorporates a best practices approach to selecting fund managers, and then ensures that they adhere to their investment mandates over time. We believe it is our job to 6 Highlights - Spring 2010

7 The Rates & Performance tool places valuable information at your fingertips to help you find the information you need to build and maintain high quality investment portfolios. It s just one more example of how Manulife Investments aims to be there with you every step of the way. HOW TO FIND THE RATES & FUND PERFORMANCE TOOL 1. Go to 2. Click on Rates & Performance on the left navigation box. 3. Choose InvestmentPlus, IncomePlus, or EstatePlus from the GIF Select category 1 Print Profiles prints all funds you select from full-colour PDFs When you select a particular fund, you get access to detailed information 3 Detailed fund information tabs 4 Quick access to Chart and Price History Tabs and printable full-colour PDFs 5 Detailed fund information Detailed fund information Interactive charting capabilities compare the historical performance of a fund to the index or another fund of your choice 7 s historical unit values over the past 30 days VOLATILITY METER CANADIAN EQUITY BALANCED BALAN Manulife Monthly High Income GIF Sele 8 Printable, full-colour PDFs Canadian Equity 53.89% United States Equity 2.76% Other 0.80% Bond 36.68% Cash 5.87% UNDERLYING FUND > Manulife Monthly High Inco OBJECTIVE Steady flow of monthly income and capital growth Canadian fixed income and large cap Canadian equity securi units of royalty trusts and real estate investment trusts. MANAGED BY MFC Global Investment Management (Canada) Investment Management (Canada) FUND MANAGERS Alan Wicks, CFA and Jonathan Popper, CIM INCEPTION DATE September 1997 TOTAL ASSETS $3,907.4 Manulife Money 4.20% TransCanada Corporation 3.23% TELUS Corporation 3.03% Toronto Dominion Bank 2.85% BCE Inc. 2.69% National Bank of Canada 1.94% Royal Bank of Canada 1.92% The performance data shown assumes that all income/realized segregated fund and are reflected in higher unit values of the into account any charges or income taxes payable that would Performance histories are not indicative of future perfor fluctuate and are not guaranteed. Any subsequent offerings h This chart shows you the fund s annual performance and how an investment made Highlights - Spring

8 How to read a Manulife GIF Select fund sheet 1 VOLATILITY METER: The volatility rating measures a s fluctuation in monthly returns. A with high volatility has experienced larger fluctuations of monthly returns than a with low volatility. While higher risk s may be more volatile in the short term, over the long term (10 years or more) a higher risk will generally earn more than a lower risk investment. Generally, the greater the return you want to earn on your investments, the greater risk you have to assume. This increased gain is what investors expect in exchange for assuming the higher risk of these volatile investments. You can use the overall volatility rating for each investment option to choose the investments that fit with your investment strategy. The overall volatility rating for each is based on the standard deviation of monthly returns over a three-year period as reported in Globe HySales. For any with less than a three-year history, the rating was based on a two-year or a oneyear standard deviation and is noted on the applicable page. For any with less than one-year history, the rating is not provided due to insufficient segregated fund history. 2 Investment category: This is the larger category for this. 3 Investment sub-category: This is where the investment category for this is shown. 9 Underlying fund: The underlying investments of the s may be units of mutual funds, pooled funds or other investment funds. When a transaction (e.g. deposit or withdrawal) is made in a, the transaction will purchase or redeem units of the underlying fund that corresponds to the. For example, if you purchase units of the Manulife Dividend GIF Select this invests in units of the Manulife Dividend. Each will also contain a small cash component in addition to the underlying pooled/mutual fund component. The goal of the fund-on-fund strategy is to produce returns consistent with, and based on, the underlying fund. 10 Objective: This states the aim of the underlying fund (for fund-on-fund arrangements) or the aim of the and the investment goals determined by the fund manager. For example, long-term growth means the (underlying) fund manager will select investments that should appreciate in value over the long-term. The objective of the segregated funds for fund-onfund arrangements is; (a) for long-term performance of the to mirror the performance of the underlying fund, less the differences in Management Expense Ratio, timing and patterns and volumes of deposits and redemptions and (b) to invest in an underlying fund or a substantially similar underlying fund. 4 name: This is the full name of the investment within your Manulife GIF Select contract. 5 How the (underlying) fund is invested: This lists the asset mix of the (underlying) fund in percentages. 6 Top holdings (within the underlying fund): This lists the top investments in the (underlying) fund. It is listed beginning with the highest weighting to the lowest. The holdings may change due to ongoing portfolio transactions. If you would like more current information please refer to our website at 7 INVESTMENT STRATEGIES: Each requires an investment strategy for the fund manager to follow in order to meet the fundamental objectives. For fund-on-fund arrangements, the investment strategy is the investment strategy for the underlying mutual fund. Additional information for the underlying mutual fund is available upon request. 8 CODES: This lists the fund numbers for the. All transactions submitted must include these numbers to represent the s to be transacted VOLATILITY METER Canadian Equity 53.89% United States Equity 2.76% Other 0.80% Bond 36.68% Cash 5.87% Manulife Money 4.20% TransCanada Corporation 3.23% TELUS Corporation 3.03% Toronto Dominion Bank 2.85% BCE Inc. 2.69% National Bank of Canada 1.94% Royal Bank of Canada 1.92% Suncor Energy Inc. 1.90% Power Corporation of Canada 1.88% Sun Life Financial Inc. 1.84% Total 25.48% This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8419 GIF Select InvestmentPlus BE MGF8119 GIF Select EstatePlus BE MGF8919 GIF Select IncomePlus FE MGF8319 GIF Select InvestmentPlus FE MGF8019 GIF Select EstatePlus FE MGF8819 GIF Select IncomePlus LL MGF8519 GIF Select InvestmentPlus LL MGF8219 GIF Select EstatePlus LL MGF9019 GIF Select IncomePlus Elite FE MGF8719 GIF Select InvestmentPlus Elite FE MGF8619 GIF Select EstatePlus Elite FE MGF CANADIAN EQUITY BALANCED BALANCED FUNDS Manulife Monthly High Income GIF Select UNDERLYING FUND > Manulife Monthly High Income OBJECTIVE Steady flow of monthly income and capital growth. The invests primarily in Canadian fixed income and large cap Canadian equity securities. The may also invest in units of royalty trusts and real estate investment trusts. MANAGED BY MFC Global Investment Management (Canada) SUB ADVISORS MFC Global Investment Management (Canada) FUND MANAGERS Alan Wicks, CFA and Jonathan Popper, CIM INCEPTION DATE September 1997 TOTAL ASSETS $3,907.4 million OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Eqt Balanced Peer Index. ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Canadian Eqt Balanced Peer Index. Date of GIF Select 3.82% Oct GIF Select Elite Globe Canadian Eqt Balanced Peer Index 14 MER (%) 3.95% Oct % 1.03% 3.43% 4.61% Highlights - Spring 2010

9 11 Managed by: This is the name of the fund management company that manages the (underlying) fund. 12 manager: This is the name of the lead fund manager (or managers) who is (are) responsible for the investment decisions for the (underlying) fund. 13 date: This is the date on which the (underlying) fund became available for sale to investors. 14 Total assets: This is the total market value of the (underlying) fund assets. 15 Performance data: The charts in this section show you the annual performance of the to give you an idea of how it has changed from year to year. The performance data shown reflects changes in unit value and assumes that all income/realized net gains are retained by the in the periods shown and are reflected in higher unit values of the. It does not take into account sales, redemption, distribution or other charges or income taxes payable that would have reduced returns or performance. Past returns do not tell you how this will perform in the future. 16 Year by year returns: This chart shows you the s annual performance. Each bar shows in percentage terms how much an investment made on January 1st would have changed by December 31st in that same year. Where the has not had 10 years of history, the performance of the underlying mutual fund is shown for the time period prior to the availability of the. If the had been in existence during those years, its performance could be expected to be different from that indicated for the underlying mutual fund due to the additional costs of the guarantees or other administrative expenses. For any with less than one-year history, the graph is not provided due to insufficient segregated fund history. 18 Index: The index shown represents a broad-based market view and is not intended to be seen as a benchmark for the. It should be used as a reference to compare s against a broad asset class. The objective may differ from the style of the index. 19 Annual compound returns: These are the rates of return that the produced as at the date shown on the individual fund sheets compared with a related broadbased index. All performance histories are for illustration purposes only and are not a guarantee of future performance. Annualized compounded rate of return is provided unless otherwise indicated. 20 Date of inception: This is the date on which the was first made available in the GIF Select contract. It is also the date from which we measure performance. 21 Management Expense Ratio (MER): MERs include all expenses of the segregated fund such as the management fee, insurance costs, operating costs and GST. There are no duplication of fees from the underlying pooled, unit trust or mutual fund. The MER is an estimate for the current year and is subject to change. 22 Source: The information in this booklet is provided by CTVglobemedia Publishing Inc. 17 Overall past performance: This graph shows you how a $10,000 investment in the, or the underlying fund where applicable, would have changed in value for the indicated number of years, compared with a related broad-based index. For any with less than one-year history, the graph is not provided due to insufficient segregated fund history. Highlights - Spring

10 Potential risks of investing The underlying investments of the segregated funds may be units of mutual funds, pooled funds or other selected investments. The risk factors described in this section affect the underlying investments directly and will also affect the segregated funds. MARKET RISK is the fundamental risk of investing in the capital markets. It is the risk that the assets of the underlying fund will decline in value simply because the market, as a whole, declines in value, thereby lowering the overall return of the. INTEREST RATE RISK is the chance that interest rates may fluctuate, and thereby may negatively impact the value of the assets within an underlying fund, thus lowering the overall return of the. MANAGER RISK is the chance that a fund manager may purchase a poor asset or may dispose of an asset which continues to grow in value; the fund manager may fail to recognize increasing or decreasing market conditions. Any or all of these can directly affect the performance of the. INFLATION RISK is the risk that inflation will affect interest rates and, in turn, make assets within an underlying fund less attractive from a price perspective, thus hurting the overall performance of the. FOREIGN CURRENCY RISK occurs when an underlying fund invests in countries other than Canada or holds assets valued in another currency, which may decline in value relative to the Canadian currency. This situation will adversely affect the returns of those foreign assets held in the underlying fund and the total return of the. DERIVATIVE RISK occurs when derivatives are used as a risk management tool to mitigate risks or diversify risks that are not desired. GIF Select contracts do not directly invest in derivatives. However, some underlying mutual funds may invest in derivatives for hedging purposes or for achieving the duration target. In particular, the use of derivative instruments is prohibited in acquiring investment exposures not otherwise permitted in the underlying fund s investment description. CREDIT RISK is the risk of default by the issuer of debt instruments, such as bond or money market instruments. Default will negatively impact the value of assets within the underlying fund, thus lowering the overall return of the. SOVEREIGN RISK applies when investing abroad as there may be additional risk of the s capital to companies outside of the laws of Canada. Information flow, liquidity, political stability and social policy may all affect the prices of foreign investments and in return the value of the assets within the, thus hurting the overall performance of the. SMALL COMPANY RISK is the result of smaller companies having valuations that tend to be more volatile than those of large established companies. As such, the value of s that buy investments in smaller companies may rise and fall significantly. 10 Highlights - Spring 2010

11 CANADIAN MONEY MARKET CANADIAN MONEY MARKET Manulife Dollar Cost Averaging Advantage GIF Select How the fund is invested Cash % OBJECTIVE The investment objective of the is to provide investors with interest income by investing in high interest cash accounts. The is expected to provide a gross investment return equivalent to the return of the Manulife Bank Advantage Account. MANAGED BY Manulife Financial FUND MANAGERS Manulife Financial INCEPTION DATE October 2009 SUB ADVISORS TOTAL ASSETS $37.4 million Top Holdings Cash % Total % OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the 91 Day Treasury Bill Index. To provide investors with interest income by investing in high interest cash accounts. The is expected to provide a gross investment return equivalent to the return of the Manulife Bank Advantage Account. Investment GIF Select IncomePlus BE MGF8414 GIF Select InvestmentPlus BE MGF8114 GIF Select EstatePlus BE MGF8914 GIF Select IncomePlus FE MGF8314 GIF Select InvestmentPlus FE MGF8014 GIF Select EstatePlus FE MGF8814 GIF Select IncomePlus LL MGF8514 GIF Select InvestmentPlus LL MGF8214 GIF Select EstatePlus LL MGF9014 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the 91 Day Treasury Bill Index. (%) GIF Select 0.24% Oct Day Treasury Bill Index 0.49% 2.64% 2.90% 3.26% 11

12 CANADIAN MONEY MARKET Manulife Advantage GIF Select CANADIAN MONEY MARKET How the fund is invested Cash % OBJECTIVE The investment objective of the is to provide investors with interest income by investing in high interest cash accounts. The is expected to provide a gross investment return equivalent to the return of the Manulife Bank Advantage Account. MANAGED BY Manulife Financial FUND MANAGERS Manulife Financial INCEPTION DATE October 2009 SUB ADVISORS TOTAL ASSETS $20.6 million Top Holdings Cash % Total % OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the 91 Day Treasury Bill Index. This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8418 GIF Select InvestmentPlus BE MGF8118 GIF Select EstatePlus BE MGF8918 GIF Select IncomePlus FE MGF8318 GIF Select InvestmentPlus FE MGF8018 GIF Select EstatePlus FE MGF8818 GIF Select IncomePlus LL MGF8518 GIF Select InvestmentPlus LL MGF8218 GIF Select EstatePlus LL MGF9018 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the 91 Day Treasury Bill Index. (%) GIF Select 0.24% Oct Day Treasury Bill Index 0.49% 2.64% 2.90% 3.26% 12

13 CANADIAN FIXED INCOME Manulife Canadian Bond Index GIF Select FIXED INCOME FUNDS Municipal Bonds 1.27% Corporate Debentures 29.45% Federal Bonds 45.82% UNDERLYING FUND > Manulife Canadian Bond Index OBJECTIVE The investment objective of the fund is to achieve investment results that approximate the return of the DEX Universe Bond Index. MANAGED BY MFC Global Investment Management (Canada) FUND MANAGERS MFC Global Invest Mgmt (Tor) Mgmt Team INCEPTION DATE July 2009 TOTAL ASSETS $10.5 million SUB ADVISORS Provincial Bonds 23.76% Government of Canada, 6.00%, Jun % Government of Canada, 3.75%, Jun % Government of Canada, 3.00%, Jun % Canada Housing Trust, 4.05%, Mar % Canada Housing Trust, 3.15%, Jun % Government of Canada, 3.50%, Jun % Government of Canada, 2.00%, Sep % Canada Housing Trust, 4.55%, Dec % Canada Housing Trust, 4.80%, Jun % Canada Housing Trust, 2.70%, Dec % Total 23.73% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Fixed Income Peer Index. The will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8475 GIF Select InvestmentPlus BE MGF8175 GIF Select EstatePlus BE MGF8975 GIF Select IncomePlus FE MGF8375 GIF Select InvestmentPlus FE MGF8075 GIF Select EstatePlus FE MGF8875 GIF Select IncomePlus LL MGF8575 GIF Select InvestmentPlus LL MGF8275 GIF Select EstatePlus LL MGF9075 GIF Select IncomePlus Elite FE MGF8775 GIF Select InvestmentPlus Elite FE MGF8675 GIF Select EstatePlus Elite FE MGF9175 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Canadian Fixed Income Peer Index. (%) GIF Select 0.97% Oct GIF Select Elite Globe Canadian Fixed Income Peer Index 0.87% Oct % 3.67% 3.74% 5.01% 13

14 CANADIAN FIXED INCOME FIXED INCOME FUNDS Manulife Fidelity Canadian Bond GIF Select Other 4.49% Municipal Bonds 2.16% Federal Bonds 25.54% Corporate Debentures 45.42% Provincial Bonds 22.39% UNDERLYING FUND > Fidelity Canadian Bond A OBJECTIVE The investment objective of the is to provide a steady flow of income primarily through investments in Canadian fixed income securities. MANAGED BY Fidelity Investments Canada ULC FUND MANAGERS Brian Miron and Jeffrey Moore INCEPTION DATE February 1988 SUB ADVISORS TOTAL ASSETS $238.5 million Canada Housing Trust, 4.00%, Jun % Canada Housing Trust, 2.75%, Dec % Province of Ontario, 4.40%, Jun % Canada Housing Trust, 4.55%, Dec % Government of Canada, 5.75%, Jun % Government of Canada, 4.00%, Jun % Government of Canada, 3.75%, Jun % Royal Bank of Canada, 5.20%, Aug % Government of Canada, 4.25%, Dec % Province of Manitoba, 4.50%, Dec % Total 26.36% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Fixed Income Peer Index. This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8461 GIF Select InvestmentPlus BE MGF8161 GIF Select EstatePlus BE MGF8961 GIF Select IncomePlus FE MGF8361 GIF Select InvestmentPlus FE MGF8061 GIF Select EstatePlus FE MGF8861 GIF Select IncomePlus LL MGF8561 GIF Select InvestmentPlus LL MGF8261 GIF Select EstatePlus LL MGF9061 GIF Select IncomePlus Elite FE MGF8761 GIF Select InvestmentPlus Elite FE MGF8661 GIF Select EstatePlus Elite FE MGF9161 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Canadian Fixed Income Peer Index. (%) GIF Select 0.39% Oct GIF Select Elite Globe Canadian Fixed Income Peer Index 0.29% Oct % 3.67% 3.74% 5.01% 14

15 CANADIAN FIXED INCOME BALANCED BALANCED FUNDS Manulife Sentinel Income GIF Select (Mackenzie) Bond 57.81% International Equity 4.52% Cash 4.17% Canadian Equity 23.30% United States Equity 9.01% Other 1.19% UNDERLYING FUND > Manulife Sentinel Income (33) OBJECTIVE The seeks a steady flow of income with reasonable safety of capital. The aims to provide a steady flow of income and the prospect of capital appreciation while emphasizing preservation of invested capital. The s portfolio balances between equity and fixed income investments to take advantage of different stages in the economic cycle. Stocks will account for no more than 40% of total assets. MANAGED BY Mackenzie Financial Corporation FUND MANAGERS Bill Procter, MBA and Chris Kresic, CFA INCEPTION DATE January 1990 SUB ADVISORS TOTAL ASSETS $67.0 million Royal Bank of Canada 3.34% Government of Canada, 8.00%, Jun % Toronto Dominion Bank 2.56% Canadian Wheat Board, 4.75%, Dec % Power Corporation of Canada 2.18% CVS Corporation 2.09% Province of Ontario, 6.50%, Mar % Rogers Wireless Inc., 7.63%, Dec % Government of Canada, 5.75%, Jun % 55 School Board Trust, 5.90%, Jun % Total 22.49% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Fixed Inc Balanced Peer Index. This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8472 GIF Select InvestmentPlus BE MGF8172 GIF Select EstatePlus BE MGF8972 GIF Select IncomePlus FE MGF8372 GIF Select InvestmentPlus FE MGF8072 GIF Select EstatePlus FE MGF8872 GIF Select IncomePlus LL MGF8572 GIF Select InvestmentPlus LL MGF8272 GIF Select EstatePlus LL MGF9072 GIF Select IncomePlus Elite FE MGF8772 GIF Select InvestmentPlus Elite FE MGF8672 GIF Select EstatePlus Elite FE MGF9172 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Cdn Fixed Inc Balanced Peer Index. (%) GIF Select 1.51% Oct GIF Select Elite Globe Cdn Fixed Inc Balanced Peer Index 1.65% Oct % 0.82% 2.63% 4.12% 15

16 CANADIAN NEUTRAL BALANCED BALANCED FUNDS Manulife AIM Canadian Balanced GIF Select United States Equity 2.78% Cash 4.90% Canadian Equity 30.15% Bond 39.65% International Equity 22.55% UNDERLYING FUND > AIM Canadian Balanced OBJECTIVE The seeks to generate capital growth and income by investing mainly in: Canadian equities with strong growth potential; high quality Canadian government and corporate fixed income securities; foreign equities and high quality U.S. government and corporate fixed income securities within the foreign content limit. MANAGED BY Invesco Trimark Ltd. SUB ADVISORS Invesco Aim Capital Management FUND MANAGERS Clas G. Olsson, Jason T. Holzer, CFA, MSc, Richard Nield, CFA, Russel Matthews and Cindy Brien INCEPTION DATE July 1992 TOTAL ASSETS $962.4 million Government of Canada, 3.75%, Sep % Government of Canada, 5.75%, Jun % Canadian Natural Resources Limited 2.64% Government of Canada, 1.25%, Jun % Canada Housing Trust, 4.55%, Dec % Canada Housing Trust, 4.10%, Dec % Canada Housing Trust, 3.15%, Jun % Power Corporation of Canada 1.93% Power Financial Corporation 1.84% Suncor Energy Inc. 1.70% Total 25.82% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Neutral Balanced Peer Index. This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8442 GIF Select InvestmentPlus BE MGF8142 GIF Select EstatePlus BE MGF8942 GIF Select IncomePlus FE MGF8342 GIF Select InvestmentPlus FE MGF8042 GIF Select EstatePlus FE MGF8842 GIF Select IncomePlus LL MGF8542 GIF Select InvestmentPlus LL MGF8242 GIF Select EstatePlus LL MGF9042 GIF Select IncomePlus Elite FE MGF8742 GIF Select InvestmentPlus Elite FE MGF8642 GIF Select EstatePlus Elite FE MGF9142 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Cdn Neutral Balanced Peer Index. (%) GIF Select 2.65% Oct GIF Select Elite Globe Cdn Neutral Balanced Peer Index 2.85% Oct % 1.16% 2.85% 3.36% 16

17 CANADIAN NEUTRAL BALANCED BALANCED FUNDS Manulife Balanced GIF Select (Multi Manager) How the fund is invested United States Equity 9.42% Cash 2.97% Canadian Equity 34.41% Bond 40.68% Other 0.38% International Equity 12.13% OBJECTIVE The invests in a combination of Equity and Fixed Income Securities in order to provide a high rate of return and maximum security of principal. MANAGED BY Manulife Financial SUB ADVISORS CIBC Global Asset Management Inc., Genus Capital Management, Greystone Managed Investments Inc., Jarislowsky Fraser Ltd., Montrusco Bolton Inc., Pictet Asset Mangement Inc., Wellington Management Company, LLP FUND MANAGERS Wayne Wachell, CFA, MBA, Len Racioppo, MBA, CFA, Peter Harrison, MBA, CFA, BComm, Paul Marrkand, John W. Braive, BComm, John Montgomery, CFA, MBA and Greystone Mgd. Invest. Mgmt. Team INCEPTION DATE October 2009 TOTAL ASSETS $1.6 million Top Holdings Manulife Canadian Diversified 32.21% Manulife Canadian Bond (22) 24.99% Manulife International Equity (83) 11.17% Manulife US Equity (60) 9.56% Manulife Canadian Equity (41B) 5.93% Manulife Canadian Large Cap 5.83% Manulife High Yield Bond (23) 5.31% Manulife Canadian Small Capital (42) 1.37% Total 96.37% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Neutral Balanced Peer Index. The invests in a combination of Canadian, U.S. and international stocks, along with fixed income and short term securities. The s asset breakdown is a fixed 33% equities, 33% fixed income and 33% swing, which will optimize both Canadian equities and Canadian fixed income securities. Investment GIF Select IncomePlus BE MGF8422 GIF Select InvestmentPlus BE MGF8122 GIF Select EstatePlus BE MGF8922 GIF Select IncomePlus FE MGF8322 GIF Select InvestmentPlus FE MGF8022 GIF Select EstatePlus FE MGF8822 GIF Select IncomePlus LL MGF8522 GIF Select InvestmentPlus LL MGF8222 GIF Select EstatePlus LL MGF9022 GIF Select IncomePlus Elite FE MGF8722 GIF Select InvestmentPlus Elite FE MGF8622 GIF Select EstatePlus Elite FE MGF9122 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Cdn Neutral Balanced Peer Index. (%) GIF Select 2.83% Oct GIF Select Elite Globe Cdn Neutral Balanced Peer Index 3.04% Oct % 1.16% 2.85% 3.36% 17

18 CANADIAN NEUTRAL BALANCED BALANCED FUNDS Manulife Balanced Index Bundle GIF Select How the fund is invested International Equity 10.00% Canadian Equity 25.00% OBJECTIVE The objective of this fund is to provide growth and interest income by investing in a bundle of underlying index funds. MANAGED BY MFC Global Investment Management (Canada) FUND MANAGERS MFC Global Invest Mgmt (Tor) Mgmt Team INCEPTION DATE October 2009 TOTAL ASSETS $0.4 million SUB ADVISORS Bond 50.00% United States Equity 15.00% Top Holdings MFC Global Investment Management Pooled Canadian Bond Index 45.65% Manulife Canadian Equity Index 24.92% Manulife U.S. Equity Index 14.73% Manulife International Equity Index 9.47% Total 94.78% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Neutral Balanced Peer Index. Investment GIF Select IncomePlus BE MGF8476 GIF Select InvestmentPlus BE MGF8176 GIF Select EstatePlus BE MGF8976 GIF Select IncomePlus FE MGF8376 GIF Select InvestmentPlus FE MGF8076 GIF Select EstatePlus FE MGF8876 GIF Select IncomePlus LL MGF8576 GIF Select InvestmentPlus LL MGF8276 GIF Select EstatePlus LL MGF9076 GIF Select IncomePlus Elite FE MGF8776 GIF Select InvestmentPlus Elite FE MGF8676 GIF Select EstatePlus Elite FE MGF9176 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Cdn Neutral Balanced Peer Index. (%) GIF Select 1.41% Oct GIF Select Elite Globe Cdn Neutral Balanced Peer Index 1.54% Oct % 1.16% 2.85% 3.36% 18

19 CANADIAN EQUITY BALANCED Manulife Dynamic Bundle GIF Select BALANCED FUNDS How the fund is invested Canadian Equity 55.00% OBJECTIVE The objective of this fund is to provide growth and interest income by investing in a bundle of underlying Dynamic Mutual s. MANAGED BY Manulife Financial FUND MANAGERS Dynamic Mutual Mgmt Team INCEPTION DATE October 2009 SUB ADVISORS Dynamic s TOTAL ASSETS $5,062.4 million Bond 45.00% Top Holdings Dynamic Canadian Bond 43.28% Dynamic Power Canadian Growth 27.09% Dynamic Value of Canada 26.94% Total 97.31% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Eqt Balanced Peer Index. Investment GIF Select IncomePlus BE MGF8492 GIF Select InvestmentPlus BE MGF8192 GIF Select EstatePlus BE MGF8992 GIF Select IncomePlus FE MGF8392 GIF Select InvestmentPlus FE MGF8092 GIF Select EstatePlus FE MGF8892 GIF Select IncomePlus LL MGF8592 GIF Select InvestmentPlus LL MGF8292 GIF Select EstatePlus LL MGF9092 GIF Select IncomePlus Elite FE MGF8792 GIF Select InvestmentPlus Elite FE MGF8692 GIF Select EstatePlus Elite FE MGF9192 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Canadian Eqt Balanced Peer Index. (%) GIF Select 2.23% Oct GIF Select Elite Globe Canadian Eqt Balanced Peer Index 2.19% Oct % 1.03% 3.43% 4.61% 19

20 CANADIAN NEUTRAL BALANCED BALANCED FUNDS Manulife Dynamic Power Balanced GIF Select International Equity 5.10% Cash 2.00% Canadian Equity 42.00% Bond 42.90% United States Equity 8.00% UNDERLYING FUND > Dynamic Power Balanced OBJECTIVE Dynamic Power Balanced seeks to maximize long term capital appreciation in a manner that outperforms the s benchmark primarily by investing in both equity and fixed income securities with the goal of achieving a 50/50 balance. MANAGED BY Goodman & Company, Investment Counsel Ltd. SUB ADVISORS FUND MANAGERS Rohit Sehgal, BA, CFA and Michael McHugh, BA, MA, CFA INCEPTION DATE June 1998 TOTAL ASSETS $1,564.8 million Government of Canada, 2.00%, Dec % Potash Corporation of Saskatchewan Inc. 2.73% Government of Canada, 3.50%, Jun % Government of Canada, 5.00%, Jun % Petrobank Energy and Resources Ltd. 2.61% Pacific Rubiales Energy Corp., 8.00%, Aug % Royal Bank of Canada 2.34% Toronto Dominion Bank 2.30% Bank of Montreal 2.27% Teck Resources Limited, Class B 2.24% Total 26.84% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Neutral Balanced Peer Index. This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8490 GIF Select InvestmentPlus BE MGF8190 GIF Select EstatePlus BE MGF8990 GIF Select IncomePlus FE MGF8390 GIF Select InvestmentPlus FE MGF8090 GIF Select EstatePlus FE MGF8890 GIF Select IncomePlus LL MGF8590 GIF Select InvestmentPlus LL MGF8290 GIF Select EstatePlus LL MGF9090 GIF Select IncomePlus Elite FE MGF8790 GIF Select InvestmentPlus Elite FE MGF8690 GIF Select EstatePlus Elite FE MGF9190 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Cdn Neutral Balanced Peer Index. (%) GIF Select 4.44% Oct GIF Select Elite Globe Cdn Neutral Balanced Peer Index 4.67% Oct % 1.16% 2.85% 3.36% 20

21 CANADIAN NEUTRAL BALANCED BALANCED FUNDS Manulife Fidelity Canadian Balanced GIF Select Cash 5.27% United States Equity 2.04% Bond 38.08% Canadian Equity 46.07% Other 8.09% International Equity 0.46% UNDERLYING FUND > Fidelity Canadian Balanced A OBJECTIVE The investment objective of the is to achieve high total investment return by allocating assets primarily among Canadian stocks, investment grade bonds, high yield securities, and money market instruments. MANAGED BY Fidelity Investments Canada ULC SUB ADVISORS FUND MANAGERS Darren Lekkerkerker INCEPTION DATE September 1998 TOTAL ASSETS $1,399.7 million Royal Bank of Canada 3.71% Suncor Energy Inc. 3.18% Toronto Dominion Bank 2.92% Province of Ontario, 4.40%, Jun % Canadian Natural Resources Limited 1.80% Canadian National Railway Company 1.77% Canada Housing Trust, 2.75%, Dec % Canada Housing Trust, 4.55%, Dec % Research in Motion Limited 1.60% Canadian Imperial Bank of Commerce 1.59% Total 21.91% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Neutral Balanced Peer Index. This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8468 GIF Select InvestmentPlus BE MGF8168 GIF Select EstatePlus BE MGF8968 GIF Select IncomePlus FE MGF8368 GIF Select InvestmentPlus FE MGF8068 GIF Select EstatePlus FE MGF8868 GIF Select IncomePlus LL MGF8568 GIF Select InvestmentPlus LL MGF8268 GIF Select EstatePlus LL MGF9068 GIF Select IncomePlus Elite FE MGF8768 GIF Select InvestmentPlus Elite FE MGF8668 GIF Select EstatePlus Elite FE MGF9168 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Cdn Neutral Balanced Peer Index. (%) GIF Select 3.26% Oct GIF Select Elite Globe Cdn Neutral Balanced Peer Index 3.46% Oct % 1.16% 2.85% 3.36% 21

22 CANADIAN EQUITY BALANCED Manulife AGF Bundle GIF Select BALANCED FUNDS How the fund is invested United States Equity 11.66% Cash 2.58% Bond 28.28% Canadian Equity 43.42% International Equity 14.10% OBJECTIVE The objective of this fund is to provide growth and interest income by investing in a bundle of underlying AGF Mutual s. MANAGED BY Manulife Financial SUB ADVISORS AGF Management Ltd. FUND MANAGERS AGF Management Ltd. Mgmt. Team INCEPTION DATE October 2009 TOTAL ASSETS $1,136.1 million Top Holdings AGF Canada Class 41.28% AGF Canadian Bond 27.03% AGF Global Equity Class 22.75% Total 91.06% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Eqt Balanced Peer Index. Investment GIF Select IncomePlus BE MGF8483 GIF Select InvestmentPlus BE MGF8183 GIF Select EstatePlus BE MGF8983 GIF Select IncomePlus FE MGF8383 GIF Select InvestmentPlus FE MGF8083 GIF Select EstatePlus FE MGF8883 GIF Select IncomePlus LL MGF8583 GIF Select InvestmentPlus LL MGF8283 GIF Select EstatePlus LL MGF9083 GIF Select IncomePlus Elite FE MGF8783 GIF Select InvestmentPlus Elite FE MGF8683 GIF Select EstatePlus Elite FE MGF9183 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Canadian Eqt Balanced Peer Index. (%) GIF Select 1.39% Oct GIF Select Elite Globe Canadian Eqt Balanced Peer Index 1.37% Oct % 1.03% 3.43% 4.61% 22

23 CANADIAN EQUITY BALANCED Manulife AIC Bundle GIF Select BALANCED FUNDS How the fund is invested International Equity 11.43% Other 3.56% Canadian Equity 43.71% Bond 29.20% United States Equity 11.61% Cash 0.52% OBJECTIVE The objective of this fund is to provide growth and interest income by investing in a bundle of underlying AIC Mutual s. MANAGED BY Manulife Financial SUB ADVISORS AIC Asset Management, LLC FUND MANAGERS AIC Asset Management, LLC Mgmt Team INCEPTION DATE October 2009 TOTAL ASSETS $315.1 million Top Holdings AIC Diversified Canada 50.56% AIC Bond 29.40% AIC Global Focused 20.24% Total % OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Eqt Balanced Peer Index. Investment GIF Select IncomePlus BE MGF8465 GIF Select InvestmentPlus BE MGF8165 GIF Select EstatePlus BE MGF8965 GIF Select IncomePlus FE MGF8365 GIF Select InvestmentPlus FE MGF8065 GIF Select EstatePlus FE MGF8865 GIF Select IncomePlus LL MGF8565 GIF Select InvestmentPlus LL MGF8265 GIF Select EstatePlus LL MGF9065 GIF Select IncomePlus Elite FE MGF8765 GIF Select InvestmentPlus Elite FE MGF8665 GIF Select EstatePlus Elite FE MGF9165 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Canadian Eqt Balanced Peer Index. (%) GIF Select 2.74% Oct GIF Select Elite Globe Canadian Eqt Balanced Peer Index 2.74% Oct % 1.03% 3.43% 4.61% 23

24 CANADIAN EQUITY BALANCED BALANCED FUNDS Manulife CI Harbour Growth & Income GIF Select International Equity 9.60% Bond 5.81% Canadian Equity 46.85% Cash 28.13% United States Equity 9.62% UNDERLYING FUND > CI Harbour Growth & Income OBJECTIVE The seeks for long term capital growth and preservation of capital by investing in shares of Canadian companies and high quality, fixed income securities of Canadian issuers. MANAGED BY CI Investments Inc. SUB ADVISORS Harbour Advisors FUND MANAGERS Gerald Coleman and Stephen Jenkins INCEPTION DATE June 1997 TOTAL ASSETS $8,746.9 million Suncor Energy Inc. 6.55% BHP Billiton Limited 3.26% Manulife Financial Corporation 3.16% Talisman Energy Inc. 2.70% Canadian National Railway Company 2.62% Tim Hortons Inc. 2.57% Bank of Nova Scotia 2.53% Toronto Dominion Bank 2.49% Canadian Imperial Bank of Commerce 2.34% Cameco Corporation 2.33% Total 30.55% OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Canadian Eqt Balanced Peer Index. This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8450 GIF Select InvestmentPlus BE MGF8150 GIF Select EstatePlus BE MGF8950 GIF Select IncomePlus FE MGF8350 GIF Select InvestmentPlus FE MGF8050 GIF Select EstatePlus FE MGF8850 GIF Select IncomePlus LL MGF8550 GIF Select InvestmentPlus LL MGF8250 GIF Select EstatePlus LL MGF9050 GIF Select IncomePlus Elite FE MGF8750 GIF Select InvestmentPlus Elite FE MGF8650 GIF Select EstatePlus Elite FE MGF9150 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Globe Canadian Eqt Balanced Peer Index. (%) GIF Select 3.97% Oct GIF Select Elite Globe Canadian Eqt Balanced Peer Index 4.14% Oct % 1.03% 3.43% 4.61% 24

25 GLOBAL NEUTRAL BALANCED BALANCED FUNDS Manulife CI Signature Income & Growth GIF Select International Equity 11.80% Cash 7.75% Canadian Equity 33.60% Bond 31.31% United States Equity 15.54% Suncor Energy Inc. 2.79% Talisman Energy Inc. 2.08% Canadian Natural Resources Limited 1.95% Manulife Financial Corporation 1.75% Toronto Dominion Bank 1.71% BCE Inc. 1.57% Manitoba Telecom Services Inc. 1.22% TELUS Corporation 1.11% Rogers Communications Inc., Class B 1.01% Bank of America Corporation, Preferred 0.99% Total 16.17% UNDERLYING FUND > CI Signature Income & Growth OBJECTIVE This fund s objective is to generate income and long term capital growth by investing, directly or indirectly, in a combination of equity and fixed income securities of companies located anywhere in the world. Indirect investments may include convertible securities, derivatives, equity related securities and securities of other mutual funds. Any change to the investment objective must be approved by a majority of the votes cast by unitholders at a meeting called to consider the change. MANAGED BY CI Investments Inc. FUND MANAGERS Eric Bushell and James Dutkiewicz INCEPTION DATE November 2000 SUB ADVISORS Signature Global Advisors TOTAL ASSETS $2,844.9 million OVERALL PAST PERFORMANCE* This graph shows how a $10,000 investment in this fund would have changed in value compared with the Blend: 60% MSCI World, 40% Barclays Cap. This will invest in units of the underlying mutual fund Investment GIF Select IncomePlus BE MGF8452 GIF Select InvestmentPlus BE MGF8152 GIF Select EstatePlus BE MGF8952 GIF Select IncomePlus FE MGF8352 GIF Select InvestmentPlus FE MGF8052 GIF Select EstatePlus FE MGF8852 GIF Select IncomePlus LL MGF8552 GIF Select InvestmentPlus LL MGF8252 GIF Select EstatePlus LL MGF9052 GIF Select IncomePlus Elite FE MGF8752 GIF Select InvestmentPlus Elite FE MGF8652 GIF Select EstatePlus Elite FE MGF9152 ANNUAL COMPOUND RETURNS This table shows the historical annual compound total return of the segregated fund compared with the Blend: 60% MSCI World, 40% Barclays Cap. (%) GIF Select 4.95% Oct GIF Select Elite Blend: 60% MSCI World, 40% Barclays Cap 5.18% Oct % 3.84% 0.93% 0.25% 25