Q2 Pooled Fund Survey

Q2 Pooled Fund Survey 2017

Table of Contents 01 INTRODUCTION 02 SUMMARY OF MANDATE MEDIANS AND INDEX RETURNS 04 BALANCED 07 CANADIAN EQUITY 11 CANADIAN EQUITY (CORE) 13 CANADIAN EQUITY (GROWTH) 14 CANADIAN EQUITY (VALUE) 15 CANADIAN EQUITY (INCOME) 16 CANADIAN EQUITY (GARP) 17 CANADIAN EQUITY (QUANTITATIVE) 18 DIVERSIFIED CANADIAN EQUITY 19 CANADIAN SMALL CAP 21 GLOBAL EQUITY 24 US EQUITY 27 US LARGE CAP EQUITY 29 US LARGE/MID CAP EQUITY 41 CORPORATE BONDS 42 HIGH YIELD BONDS 43 LONG DURATION BONDS 45 REAL RETURN BONDS 46 SHORT TERM BONDS 47 MONEY MARKET 49 REAL ESTATE 50 MORTGAGE 51 TARGET DATE 2020 52 TARGET DATE 2025 53 TARGET DATE 2030 54 TARGET DATE 2035 55 TARGET DATE 2040 56 TARGET DATE 2045 57 TARGET DATE 2050 58 TARGET DATE 2055 30 US SMALL CAP EQUITY 31 NORTH AMERICAN EQUITY 32 NON NORTH AMERICAN EQUITY 35 EMERGING MARKETS 37 CANADIAN BONDS 40 GLOBAL BONDS

Pooled Fund Survey The Pooled Fund Survey is produced by RBC Investor & Treasury Services Risk and Investment Analytics group and represents contributions from over 90 asset managers, covering over 700 unique funds. Data contained within the survey is reported on the following basis: all returns are shown gross of management fees and in Canadian dollars rates of return (ROR) are annualised for periods of more than one year percentile rankings () and median values are calculated based only on the data submitted for this quarter's report if no fund data is submitted for specific mans, those mans may not be included in this quarterly report data received after the submission deadline may not be included in this quarterly report pooled fund performance data re-statements submitted after the release of the quarterly survey will be reflected in the following quarter's report With over 30 years experience, Risk and Investment Analytics is a leading provider of pension plan universes with a database of over 3,000 managed portfolios the standard by which Canadian institutional investors measure and assess performance. Risk and Investment Analytics combines best-in-class applications, sophisticated data management processes and highly trained staff to offer clients a full range of analytical solutions. Our services help clients effectively manage investment decisions by providing: greater insight into a portfolio's performance and risk profile enhanced investment governance with an objective, third-party perspective operational efficiencies resulting from the scale and strength of RBC Investor & Treasury Services capabilities About RBC Investor & Treasury Services RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, custody, payments and treasury services for financial and other institutional investors worldwide. We serve clients from 19 countries across North America, Europe, Asia and Australia, delivering services to safeguard client assets and maximize liquidity. As a strong, stable partner, focused on meeting our clients' evolving needs, RBC I&TS has an unwavering commitment to managing operational risk in our business and the highest credit ratings among our peers (1). Rated by our clients as the #1 global custodian for six consecutive years (2), RBC I&TS is trusted with nearly CAD 4 trillion in client assets under administration as at April 30, 2017 (3). (1) Determined by Standard & Poor s and Moody s credit ratings as at May 24, 2017 (2) Global Custody Survey, Global Investor ISF, 2011 to 2016 (3) RBC quarterly results released May 25, 2017 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 1 OF 58

Summary of Man Medians and Index Returns Period ending June 30, 2017 Medians and indices ROR - % 1 year 2 years 3 years 4 years 5 years 10 years ROR - % ROR - % ROR - % ROR - % ROR - % ROR - % Balanced Median Canadian Equity Median S&P/TSX Composite Index Canadian Equity (Core) Median Canadian Equity (Growth) Median Canadian Equity (Value) Median Canadian Equity (Income) Median Canadian Equity (GARP) Median Canadian Equity (Quantitative) Median Diversified Canadian Equity Median Canadian Small Cap Median BMO Weighted Blended SmCap Index Global Equity Median US Equity Median S&P 500 (CAD) US Large Cap Median US Large/Mid Cap Median US Small Cap Median Russell 2000 (CAD) North American Equity Median Non North American Equity Median Emerging Markets Median Canadian Bond Median FTSE TMX Cda Universe Global Bond Median Citigroup WGBI (CAD) Corporate Bond Median FTSE TMX Canada All Corporate Bond High Yield Bond Median FTSE TMX Canada High Yield Bond Long Duration Bond Median 0.73 9.46 5.97 6.50 9.62 10.00 6.07-1.54 11.73 6.55 4.30 10.38 10.74 5.06-1.64 11.05 5.27 3.08 8.96 8.74 3.89-0.87 11.75 6.13 4.43 10.28 10.29 4.54-0.39 11.68 5.91 4.29 10.92 11.06 4.96-2.05 14.35 7.10 3.33 9.31 10.22 5.21-0.29 13.95 8.45 5.89 10.39 11.16 6.91-1.60 12.89 6.75 4.57 10.49 10.99 5.10-1.87 8.63 7.82 3.83 9.61 10.84 7.47 0.61 14.18 6.43 6.89 11.93 12.29 4.35-2.17 9.84 4.82 0.79 10.61 11.55 5.60-4.24 8.39 6.94-0.80 7.37 6.25 2.50 2.17 18.75 10.14 12.70 15.55 17.18 6.81 0.25 17.23 10.74 15.64 18.13 19.56 8.99 0.39 17.90 12.93 17.10 19.22 20.32 9.34 0.27 17.09 11.96 16.35 18.61 19.61 8.96 0.76 16.89 10.11 15.50 18.76 19.44 8.44-0.16 22.35 10.25 13.81 16.54 18.69 9.98-0.22 24.60 9.95 14.70 17.15 19.34 9.07 0.77 19.63 8.99 9.25 13.55 14.59 7.91 4.48 20.65 7.18 9.22 12.80 14.75 4.08 4.09 25.09 9.31 9.94 11.11 10.59 5.03 1.11 0.42 2.86 3.86 4.28 3.56 5.34 1.11 0.02 2.58 3.79 4.18 3.29 5.11 1.04 5.02 5.73 7.40 7.48 6.38 7.51 0.19-4.14 5.33 5.76 6.29 4.75 5.57 1.18 3.31 3.98 4.54 5.08 4.53 6.37 1.02 2.59 3.54 4.01 4.53 4.12 5.78 0.79 11.49 6.37 5.19 6.47 6.77 7.03 1.70 14.99 6.55 4.34 5.85 6.57 6.94 4.07 0.42 5.05 6.69 6.97 4.99 7.13 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 2 OF 58

Summary of Man Medians and Index Returns Period ending June 30, 2017 Medians and indices ROR - % 1 year 2 years 3 years 4 years 5 years 10 years ROR - % ROR - % ROR - % ROR - % ROR - % ROR - % FTSE TMX Canada Long Term Overall Bond Real Return Bond Median FTSE TMX Canada Real Return Bond Overall Index Short Term Bonds Median FTSE TMX Canada Short Term Overall Bond Money Market Median FTSE TMX Canada 91 Day T-Bill Real Estate Median Consumer Price Index CAD Mortgages Median FTSE TMX Canada Mortgage Target Date 2020 Median Target Date 2025 Median Target Date 2030 Median Target Date 2035 Median Target Date 2040 Median Target Date 2045 Median Target Date 2050 Median Target Date 2055 Median 4.11 0.40 5.04 6.69 6.93 4.88 7.18 1.38-2.74 1.17 2.63 3.97 1.05 5.31 1.36-2.75 1.18 2.65 3.99 1.06 5.35-0.24 1.03 1.46 2.15 2.56 2.40 3.83-0.42 0.20 0.88 1.72 2.09 1.94 3.53 0.19 0.70 0.71 0.82 0.92 0.97 1.41 0.09 0.45 0.47 0.60 0.69 0.76 1.20 2.54 6.70 6.40 6.00 6.78 8.03 8.05 0.38 1.01 1.25 1.18 1.47 1.41 1.54 0.41 1.47 2.67 3.53 4.05 3.82 5.19 0.84 3.42 3.42 3.48 3.77 3.87 5.49 1.08 7.14 5.35 6.17 8.47 8.42 5.12 1.54 8.37 6.02 6.96 9.33 9.35 5.60 1.58 10.32 6.39 7.15 10.30 10.62 5.87 1.69 10.92 6.82 8.09 10.92 10.89 6.08 1.60 12.27 7.19 8.22 11.52 12.20 6.04 1.63 13.08 7.72 8.74 12.13 12.45 1.60 13.60 7.84 9.02 12.36 12.81 5.94 0.92 13.88 7.74 7.69 11.65 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 3 OF 58

Balanced Addenda Balanced Pooled Fund Jun-14 2.14 6 9.41 55 6.75 24 7.47 28 AGF Pooled High Income Fund Mar-93-2.39 100 7.86 80 3.19 99-0.01 100 4.76 100 2.57 100 5.38 100 4.00 100 1.94 100 7.97 90 Beutel Goodman Balanced Fund Jan-91 0.64 56 14.13 10 7.65 12 7.45 30 10.79 20 6.98 16 10.16 30 9.97 46 9.93 30 11.84 26 BMO AM Balanced Fund Jul-93 0.73 51 9.95 43 6.77 23 7.34 33 10.97 15 6.53 25 10.61 14 11.23 17 10.61 17 11.51 33 BonaVista Balanced Fund Feb-95 0.35 66 11.91 20 5.24 73 5.19 82 9.93 52 5.65 66 9.29 62 9.44 62 9.22 53 11.93 23 BonaVista Private Balanced Fund Jul-95-0.38 88 12.58 14 6.17 43 6.09 67 10.61 28 5.97 54 10.03 33 10.12 43 9.81 34 12.53 18 Burgundy Balanced Foundation Fund Oct-02 0.23 70 9.10 60 7.08 18 8.04 14 11.25 12 7.48 7 10.25 24 11.80 8 11.91 7 12.88 10 Burgundy Balanced Pension Fund Oct-02-0.27 86 9.66 48 7.20 16 7.41 32 10.75 22 7.32 10 9.98 35 11.03 22 11.00 14 12.80 13 CGOV Balanced Fund Dec-96 0.52 60 7.74 81 5.64 60 6.52 49 10.75 22 6.54 24 9.91 39 11.51 11 11.27 11 13.57 5 CI Signature Canadian Balanced Fund Jun-97 0.32 67 12.08 17 5.08 81 5.91 72 9.39 67 6.87 19 9.18 65 8.73 76 9.15 56 11.48 35 CI Signature Diversified Yield II Fund Feb-11 2.20 6 11.19 25 5.06 82 6.36 54 9.16 72 8.26 80 8.66 78 CI Signature Global Income & Growth Fund Feb-07 0.79 48 13.93 11 6.40 37 9.72 4 12.57 6 7.46 8 11.07 8 12.24 6 13.33 3 12.99 7 CI Signature Income & Growth Fund Nov-00 0.60 57 14.57 6 5.58 62 6.15 59 10.17 45 7.09 13 9.62 50 9.09 68 10.14 26 12.85 11 Coleford Balance Composite Dec-05 0.40 64 11.57 22 8.41 4 9.06 8 11.72 10 7.68 5 11.26 6 11.76 8 11.34 10 11.97 23 Connor, Clark & Lunn Genesis Fund Dec-85 0.72 52 8.88 64 5.32 70 5.82 74 10.15 46 6.11 43 9.51 54 10.47 36 9.95 30 11.84 26 Connor, Clark & Lunn Group Balanced Plus Fund II Jul-99 0.67 55 8.83 65 5.31 70 5.84 74 10.21 43 6.16 40 9.54 52 10.55 32 9.92 30 11.82 28 Fidelity Strategic Balanced Institutional Trust Mar-08 1.66 15 8.52 71 5.53 66 7.44 30 10.18 44 10.22 26 10.60 31 10.49 19 11.42 37 Fidelity Tactical Asset Allocation Institutional Trust Mar-11 1.98 8 9.21 58 5.22 74 6.55 47 9.94 52 9.42 59 10.12 42 9.57 38 Fiera Sceptre Balanced Core Fund Aug-84 1.16 28 10.68 32 6.58 30 7.73 19 10.55 30 5.80 59 10.44 20 10.51 35 10.20 24 11.71 30 Foyston Gordon & Payne Balanced Fund Mar-93 0.13 78 11.18 26 5.66 58 4.67 93 9.60 62 5.78 60 8.54 74 9.20 64 9.39 44 12.72 16 Foyston Gordon & Payne Income Fund Jun-09 0.19 74 18.26 3 12.58 1 8.14 12 8.50 84 9.02 69 6.19 96 6.13 94 10.38 55 Franklin Bissett Canadian Balanced Fund Jul-91 0.73 50 10.58 34 6.25 41 4.97 86 9.88 55 6.29 31 8.60 73 9.70 54 9.43 43 13.21 6 Franklin Bissett Dividend Income Fund May-88-1.24 96 12.45 15 8.41 4 4.92 88 9.17 72 6.82 20 8.52 76 8.37 84 8.74 65 14.22 3 Franklin Quotential Balanced Growth Portfolio Aug-02 0.79 48 10.33 38 4.24 95 6.76 43 10.25 41 5.69 63 9.54 52 10.23 40 9.85 33 10.46 53 Franklin Templeton Institutional Balanced Trust Nov-96 0.86 44 11.10 28 6.65 28 6.78 43 10.81 19 7.03 14 9.83 42 10.74 28 10.25 23 12.91 8 GEM Balanced Pool Feb-06-0.24 86 7.45 84 5.99 49 5.98 70 8.80 76 5.23 89 9.12 66 9.14 66 8.07 74 9.93 68 Greystone Alternative Balanced Fund Apr-15 1.76 12 10.58 34 5.65 60 Greystone Balanced Fund Jan-92 1.71 14 10.99 29 5.54 65 7.87 17 10.11 48 5.49 80 10.24 25 9.89 48 9.03 60 9.61 76 Gryphon Balanced Fund Apr-05 1.22 26 14.21 8 6.48 34 6.38 53 10.05 49 5.35 83 9.66 49 9.04 69 7.67 80 9.57 77 Guardian Balanced Fund Sep-95 0.07 80 8.68 68 6.02 47 6.57 46 8.77 78 5.18 91 9.35 61 8.79 74 7.73 79 8.85 86 Guardian Balanced Income Fund Oct-12 0.14 77 5.29 93 5.18 76 5.00 85 7.72 85 GWL Canadian Diversified Investment Fund 1 Jan-85 0.86 44 8.73 67 5.59 62 6.12 64 9.46 64 5.88 56 9.30 62 9.64 56 9.02 60 11.50 34 GWL Canadian Equity/Bond Fund 1 Apr-98 1.14 30 10.03 41 6.00 48 6.50 50 10.74 24 5.87 56 10.68 12 10.92 24 10.21 24 12.83 12 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 4 OF 58

Balanced GWL Income Investment Fund 1 Nov-84 0.14 76 4.97 95 4.87 85 4.89 89 5.87 98 6.09 48 6.53 98 6.09 96 6.55 91 7.25 98 Highstreet Balanced Fund Oct-98 0.21 73 8.78 66 6.57 30 7.68 22 9.86 56 5.62 70 9.83 42 10.13 42 9.35 48 9.96 67 Highstreet Conservative Balanced Fund Feb-10-0.09 83 5.71 90 4.64 90 5.16 83 6.86 96 6.86 95 7.16 90 6.68 90 7.44 96 HSBC Canadian Balanced Fund (Institutional Series) Dec-01 0.23 71 12.05 18 7.08 18 7.47 28 10.29 39 6.06 51 10.39 22 9.85 50 9.12 57 10.37 55 HughesLittle Balanced Fund Aug-05 2.69 2 21.68 1 13.31 1 15.06 1 16.05 1 10.80 1 15.35 1 14.68 1 16.35 1 19.72 1 Industrial Alliance Diversified Fund Jan-87 0.57 58 4.38 97 4.35 93 6.16 58 9.46 64 6.27 32 9.47 56 10.77 27 9.34 48 10.21 60 Industrial Alliance Diversified Opportunity Fund Dec-98 0.26 69 5.66 90 3.97 97 5.70 78 10.37 35 6.10 46 10.21 27 11.58 11 9.56 38 11.33 39 Industrial Alliance Diversified Security Fund Dec-98 0.89 42 2.77 100 4.18 96 5.71 78 7.36 92 6.26 33 7.88 84 8.54 82 7.79 78 7.83 92 Integra Balanced Fund Jan-88 1.04 34 9.43 53 5.89 52 7.06 39 9.60 62 4.87 96 9.81 46 9.64 56 8.72 66 9.29 82 Integra Diversified Fund Jun-87 1.04 34 9.47 50 5.94 51 7.11 37 9.70 59 4.81 98 9.95 38 9.75 53 8.75 64 9.40 80 Invesco (Growth) Jun-92 1.16 28 9.00 62 5.87 54 6.14 60 10.53 30 6.10 45 9.96 37 10.91 24 9.69 36 11.55 32 Invesco (Trimark Global Balanced) Oct-99 1.79 12 18.79 2 6.48 34 9.08 8 12.86 4 6.47 27 11.30 6 11.43 13 13.84 2 15.37 2 Invesco (Trimark Income Growth) Sep-87 1.31 22 14.30 7 8.24 5 7.69 21 11.70 10 6.26 34 10.90 9 11.05 21 10.69 17 12.73 16 J Zechner Associates Inc Balanced Fund Jul-00-1.40 98 5.30 93 2.63 100 1.61 99 8.64 80 5.32 85 8.11 82 9.50 61 6.95 88 9.78 73 Jarislowsky Fraser Balanced Fund Apr-97 0.36 65 9.37 56 6.76 24 7.76 18 10.95 16 6.63 22 10.18 29 11.36 14 10.98 14 11.81 28 Jones Collombin Balanced Fund Dec-03 0.84 45 11.17 26 5.12 78 4.61 94 8.83 76 7.35 10 7.32 90 8.26 86 9.40 44 12.03 22 Kingwest High Income Portfolio Nov-09 1.87 10 18.75 2 8.11 6 6.14 62 7.97 87 8.42 77 5.44 98 7.03 88 10.32 57 Leith Wheeler Diversified Pooled Fund Jan-01 0.02 82 13.42 12 7.27 14 6.43 51 10.33 36 6.14 41 9.80 46 9.57 59 9.77 35 12.45 19 Leith Wheeler Income Pooled Fund Dec-10-0.98 91 8.33 76 6.38 38 4.59 94 7.01 95 7.14 93 6.68 92 6.98 88 Letko Brosseau RSP Balanced Fund Jul-05-0.40 88 14.23 8 6.80 22 6.87 41 12.20 8 6.22 36 10.53 16 11.70 9 11.21 12 12.79 14 Lincluden Balanced Fund - Series O Sep-00-1.02 93 7.59 83 5.88 53 5.43 81 9.36 68 5.53 76 8.11 82 9.81 51 7.93 76 9.82 72 Lincluden Income Plus Pooled Fund Feb-07-1.28 96 4.42 97 5.12 78 4.83 91 7.55 88 6.05 52 6.74 97 8.35 84 7.32 86 8.85 86 London Life Diversified Fund (LC) Jul-81 0.72 52 9.44 52 4.77 86 6.13 62 8.77 78 5.28 87 8.82 71 8.61 79 8.43 69 9.60 76 Manulife Asset Management Diversified Fund Jun-05 0.49 61 10.71 31 4.69 88 5.95 70 9.27 69 5.64 66 9.04 69 8.91 72 9.14 56 10.56 50 Mawer Balanced Pooled Fund Feb-99 2.57 3 9.44 52 7.73 10 9.41 5 12.87 4 8.22 2 12.19 3 13.75 2 13.12 4 14.22 3 Mawer Global Balanced Fund Jul-13 3.00 1 8.63 69 7.80 9 10.20 2 Mawer Tax Effective Balanced Fund Jan-88 2.48 4 9.42 54 7.59 12 9.22 7 12.73 5 8.05 3 11.99 4 13.57 2 12.95 4 14.22 3 MFS Balanced Fund Mar-99 1.32 21 10.12 40 5.70 56 7.29 34 10.26 40 5.71 62 10.07 32 10.29 39 9.53 40 10.20 61 MFS Balanced Growth Fund Sep-91 2.02 8 10.51 35 6.56 31 8.07 13 10.69 26 5.53 77 10.68 12 10.74 28 8.91 62 9.30 82 MFS Balanced Value Fund Aug-01 0.98 37 8.39 74 6.74 26 7.97 15 11.06 14 6.18 38 10.62 14 11.74 9 10.20 24 10.86 44 MFS LifePlan Retiree Fund Jul-05 0.91 39 4.11 98 4.33 94 5.64 79 7.20 93 5.17 92 7.25 92 7.99 87 7.32 86 7.51 96 MFS Responsible Balanced Fund Aug-00 1.31 22 9.86 45 5.22 74 7.18 36 10.41 33 5.58 73 9.98 35 10.55 32 9.82 33 10.24 59 Montrusco Bolton Balanced Fund Sep-95 0.22 72 8.28 78 4.55 91 4.94 87 8.50 84 4.83 97 8.26 80 8.56 81 8.08 74 10.27 58 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 5 OF 58

Balanced PH&N Balanced Pension Trust Sep-88 0.92 38 10.04 41 6.47 35 7.56 25 10.33 36 5.61 70 10.45 19 10.40 37 9.21 54 10.07 64 QV Investors Canadian Balanced Fund Dec-96-1.36 98 6.17 87 4.72 88 3.85 97 8.38 85 6.93 17 7.25 92 8.94 71 8.42 70 11.43 36 Scheer Rowlett Balanced Fund Feb-92 0.05 81 11.63 22 7.19 16 6.34 54 9.91 53 5.49 80 9.69 48 9.48 61 8.31 72 10.61 49 SEAMARK Balanced Pooled Fund Jul-97-0.97 90 8.39 74 6.24 42 7.64 23 10.69 26 6.09 48 9.84 42 11.27 16 10.38 20 10.77 46 SEI Balanced 50/50 Fund Jun-13 1.08 32 8.29 78 4.94 84 6.07 68 8.59 81 5.62 69 8.52 76 8.66 78 8.76 64 9.86 70 SEI Balanced 60/40 Fund May-01 0.91 40 9.75 47 5.41 68 6.60 46 9.64 60 5.55 75 9.43 58 9.61 57 9.31 50 10.56 50 Sionna Balanced Pooled Fund Jun-03-1.00 92 10.44 37 6.13 44 4.47 96 7.38 91 5.16 92 7.46 88 6.62 92 6.23 94 9.17 83 Sun Life Financial Granite Retirement Seg Fund Dec-09 1.50 18 6.17 87 5.50 67 5.78 75 6.54 97 6.81 96 6.63 92 6.41 93 7.06 100 Sun Life Granite Balanced Segregated Fund Feb-09 1.29 24 9.85 45 6.95 20 8.41 11 10.90 17 10.52 16 11.17 18 10.35 20 11.18 42 Sun Life Granite Conservative Segregated Fund Feb-09 1.08 32 6.01 88 5.13 78 6.12 64 7.42 90 7.44 88 7.78 88 7.64 82 7.89 91 Sun Life Granite Growth Segregated Fund Feb-09 1.38 19 11.95 19 7.88 8 9.69 4 13.03 2 12.45 2 13.30 3 11.72 7 12.76 15 Sun Life Granite Moderate Segregated Fund Feb-09 1.24 26 8.43 72 6.38 38 7.62 24 9.75 58 9.47 56 10.09 44 9.44 43 10.16 62 TD Emerald Balanced Fund Passive Apr-92 0.47 62 9.08 60 5.67 58 6.15 58 9.10 73 5.32 84 9.14 66 9.11 67 8.45 68 10.03 65 Toron AMI Balanced Portfolio Fund Dec-90 1.64 16 7.67 82 6.07 46 7.06 39 10.46 32 6.34 29 10.38 22 11.17 18 10.02 28 11.14 42 Fund Count 80 80 80 79 76 64 77 79 81 84 Average Return 0.67 9.93 6.13 6.65 9.83 6.13 9.44 9.72 9.16 10.77 5th Percentile 2.29 16.02 8.26 9.47 12.76 7.69 11.62 12.56 12.60 13.62 1st Quartile 1.26 11.19 6.75 7.58 10.72 6.52 10.24 10.87 10.18 11.87 Median 0.73 9.46 5.97 6.50 10.00 6.07 9.62 9.85 9.31 10.56 3rd Quartile 0.17 8.36 5.20 5.79 8.88 5.55 8.53 8.76 8.01 9.65 95th Percentile -1.17 4.86 4.25 4.54 6.98 4.97 6.91 6.30 5.96 7.57 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 6 OF 58

Canadian Equity Addenda Canadian Equity Pooled Fund Oct-06-0.54 31 12.26 45 8.16 27 5.54 27 10.86 46 4.16 73 11.29 24 10.51 41 6.47 65 11.42 69 Beutel Goodman Canadian Dividend Fund Sep-03-2.42 82 14.22 23 10.49 6 8.32 7 14.39 4 8.34 4 12.80 8 14.44 5 12.58 2 16.75 5 Beutel Goodman Canadian Equity Fund Jan-91-1.87 67 14.38 20 8.15 28 5.71 25 12.70 8 7.16 10 11.25 26 12.28 14 10.08 7 15.18 14 BlackRock Active Canadian Equity Fund Sep-97-2.17 76 11.15 61 4.15 88 2.21 84 8.33 94 4.54 62 8.33 89 7.64 94 5.96 74 11.44 68 BlackRock Canada Alpha Advantage Oct-11-3.79 95 10.24 79 4.16 88 2.15 87 9.08 80 8.70 83 8.79 75 BlackRock Canadian Equity Index Class A Jul-93-1.63 54 11.06 63 5.29 66 3.10 69 8.76 88 3.99 82 8.97 76 8.20 84 5.36 86 10.78 82 BMO AM Canadian Core Alpha Fund Jul-10-1.58 52 11.64 54 6.23 55 4.43 46 10.15 61 10.58 43 9.79 57 6.55 62 11.90 57 BMO AM Canadian Equity Fund Aug-92 0.70 9 13.93 28 8.05 30 5.08 34 11.40 31 10.71 39 10.77 32 7.72 44 11.57 65 BMO Asset Management Canadian Smart Alpha Equity Fund Jun-11-0.13 20 10.73 72 9.62 10 9.02 3 12.31 12 12.38 11 12.70 10 10.59 4 BonaVista Canadian Equity Fund Feb-95-2.65 86 16.30 7 6.31 54 3.82 63 11.72 21 5.09 48 10.66 40 10.60 38 8.37 28 14.87 18 Burgundy Canadian Large Cap Equity Fund Mar-12-3.70 94 8.56 92 3.48 95 0.75 95 8.91 85 6.79 98 9.00 72 Burgundy Focus Canadian Equity Fund May-99-3.24 91 13.69 32 4.32 85 1.63 92 9.53 76 5.96 24 7.35 96 8.52 79 9.10 14 16.26 8 CC&L Equity Income & Growth Fund Dec-12 0.56 12 11.79 49 9.52 12 7.93 9 12.88 7 CC&L Q Market Neutral Fund Nov-04-1.65 58 3.75 96 14.84 1 22.45 1 17.00 1 11.57 1 17.41 1 20.57 1 16.89 1 9.66 96 CGOV Canadian Equity Fund Jul-07-2.17 76 16.82 5 5.26 68 1.41 93 9.74 74 9.01 75 8.04 90 7.60 47 16.43 8 CI Cambridge All Canadian Equity Fund Dec-11 1.54 4 11.04 64 6.78 46 6.40 18 15.38 2 12.81 8 16.50 2 CI Signature Dividend Fund Oct-96 0.29 17 13.95 28 7.36 37 7.55 11 11.28 34 7.28 8 10.35 52 10.62 38 10.37 5 12.89 42 Connor, Clark & Lunn Canadian Equity Fund (Pool) Nov-91-2.02 71 9.40 87 4.17 88 4.23 54 11.76 20 6.00 21 11.28 24 12.36 13 9.55 12 13.90 29 Connor, Clark & Lunn Canadian Q Core Fund (Pool) Dec-01-2.40 80 10.01 81 6.04 58 3.92 61 10.74 50 5.34 40 10.28 54 10.92 28 7.94 36 13.42 36 Connor, Clark & Lunn Canadian Q Growth Fund (Pool) Dec-00-2.67 86 9.52 84 5.91 60 4.09 57 11.96 17 5.97 23 10.86 33 12.58 11 9.72 9 15.46 10 Connor, Clark & Lunn Group Canadian Equity Fund Dec-91-2.22 77 9.69 83 5.09 72 4.06 58 11.27 34 5.73 30 10.77 36 11.67 21 8.76 19 13.73 32 Dixon Mitchell Canadian Equity Fund Oct-14-3.68 94 12.71 42 3.96 90 Fidelity Canadian Core Equity Institutional Trust Jul-02 0.66 10 11.87 48 6.77 46 6.36 19 11.59 27 5.78 29 11.71 15 11.51 24 8.41 26 11.96 56 Fidelity Canadian Focused Equity Institutional Trust Mar-11 0.69 9 10.73 72 6.91 44 6.18 21 14.35 4 13.03 4 15.27 3 11.77 3 Fidelity Canadian Low Volatility Institutional Trust Jul-12 1.94 2 9.48 85 8.61 20 8.78 4 12.62 9 Fidelity Canadian Systematic Equity Institutional Trust Oct-02 0.51 14 10.66 74 6.66 48 6.27 20 11.92 18 6.44 17 11.97 13 12.24 14 8.98 16 14.02 28 Fiera Capital Canadian Equity - Core Fund Nov-97-0.22 22 14.10 25 5.36 64 4.59 42 10.29 58 4.54 62 10.28 54 9.36 65 7.14 54 11.87 58 Fiera Capital Canadian Equity - Opportunities Fund Jan-94-3.90 96 17.19 4 4.80 78 0.83 95 10.99 42 5.17 43 8.45 86 9.49 62 8.59 23 15.17 14 Fiera Capital Canadian Equity - Small Cap Core Fund Dec-88-3.44 92-0.62 98 1.15 100-0.04 97 12.58 10 5.61 34 11.38 22 16.14 2 11.64 3 20.51 1 Fiera Capital Canadian Equity ESG - Opportunities Fund Feb-04-4.53 98 15.73 10 4.26 86 0.32 96 10.71 52 5.09 48 8.06 91 9.48 62 8.68 20 15.23 12 Fiera Capital High Income Equity Oct-09-0.29 26 13.72 32 7.88 33 2.71 77 10.17 60 8.39 88 9.29 68 7.97 35 Foyston, Gordon and Payne Canadian Equity Jan-93-2.91 89 14.90 14 6.91 44 2.61 79 11.41 30 5.06 50 9.09 71 10.56 40 7.87 41 15.17 14 Franklin Bissett Canadian Equity Fund Mar-83-0.31 27 13.81 30 8.81 18 5.12 32 12.73 8 7.29 8 11.04 29 12.46 12 9.95 7 17.63 2 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 7 OF 58

Canadian Equity Galibier Canadian Equity Pool Sep-12 1.70 3 15.78 10 7.17 41 4.49 44 12.98 5 GEM Canadian Equity Pool Feb-06-0.82 36 13.06 38 7.88 33 4.80 38 9.76 73 4.59 61 10.34 52 8.94 72 6.73 58 11.48 67 Greystone Canadian Equity Fund Mar-96 0.53 13 11.61 56 1.35 100 2.81 76 8.95 84 2.40 100 8.47 86 8.30 81 6.28 68 9.74 96 Greystone Canadian Equity Income & Growth Fund Dec-97 0.84 7 10.23 79 3.63 93 2.43 82 7.72 98 5.43 36 7.53 94 7.10 97 6.33 67 13.29 37 Gryphon Canadian Equity Fund Sep-07-1.77 64 15.90 9 6.75 46 3.06 72 10.61 55 9.70 62 9.33 66 5.19 90 11.02 76 Guardian Canadian Equity Fund Mar-69-1.71 62 11.51 57 7.23 40 5.26 30 10.23 59 5.14 45 10.52 46 9.91 54 7.90 38 12.07 53 Guardian Canadian Growth Fund Jul-86-2.72 87 10.49 76 2.50 98 1.99 90 9.22 78 4.98 54 8.09 91 8.90 73 7.61 47 12.43 50 Guardian Equity Income Fund Aug-03-0.71 33 8.63 92 6.18 56 2.39 82 8.66 92 8.09 5 7.54 94 8.67 78 8.53 24 17.73 2 Guardian Growth & Income Fund Sep-12-1.22 47 8.82 90 5.42 62 1.90 90 7.36 96 GWL Canadian Equity Fund 2 Jan-70-0.39 29 11.84 48 6.53 51 5.12 32 11.63 24 4.96 55 11.59 17 11.58 23 8.26 30 14.11 27 GWL Canadian Equity Fund 3 Jan-87-0.38 29 11.72 50 6.52 51 4.67 40 11.39 32 4.99 54 11.38 22 11.31 25 8.02 33 14.36 23 GWL Canadian Equity Index Fund Feb-64-1.65 57 11.03 65 5.28 66 3.10 70 8.71 92 4.05 78 8.91 80 8.14 88 5.26 90 10.67 87 GWL Dividend Fund (G) Nov-97-0.21 22 14.90 14 8.45 22 6.47 17 11.64 23 7.01 12 10.99 30 10.84 30 10.33 6 14.70 20 GWL Ethics Fund 9.02G Dec-00-0.33 28 11.69 52 6.58 49 4.13 56 11.06 40 4.71 58 10.99 30 10.90 28 7.90 39 14.45 22 GWL Mid Cap Canada Fund (G) Nov-97-0.01 19 11.68 52 10.74 4 5.31 29 13.32 6 6.01 20 13.56 2 13.74 7 7.44 50 16.82 4 Heward Canadian Dividend Growth Fund Jul-09-0.26 24 11.99 47 9.28 15 6.55 16 10.92 44 10.76 37 10.65 35 9.62 10 14.91 17 Hexavest Canadian Equity Fund Sep-06-0.57 32 4.09 96 8.13 28 4.35 48 7.98 96 5.40 38 9.16 69 8.98 72 3.92 94 8.09 98 Highstreet Canadian Equity Fund Oct-98-1.16 46 12.27 44 7.48 36 7.45 12 13.05 7 5.10 46 13.48 2 13.25 8 9.62 10 11.68 62 HSBC Canadian Dividend Income Pooled Fund Dec-96-1.06 45 17.30 3 9.77 9 7.25 13 11.63 24 5.67 33 11.57 18 10.26 46 7.88 40 11.97 55 HSBC Canadian Equity Pooled Fund Oct-97-1.83 67 17.19 4 9.57 11 7.04 14 11.18 38 4.95 56 11.62 16 9.72 58 6.47 65 10.96 77 Industrial Alliance Canadian Equity Growth Oct-01-0.86 39 13.90 28 6.11 57 5.06 35 11.28 34 6.26 18 11.15 27 10.64 36 7.87 42 12.14 52 Industrial Alliance Canadian Equity Value Dec-69-0.95 42 12.38 44 5.38 63 2.53 80 8.88 86 3.36 96 8.93 78 8.02 91 5.45 83 11.32 72 Industrial Alliance Dividends Fund Dec-97-1.64 56 13.18 36 9.99 8 7.12 14 11.16 38 6.81 14 11.43 21 10.66 34 8.14 31 12.66 48 Integra Canadian Value Growth Fund Jan-99-1.55 50 11.60 56 6.31 54 5.35 29 10.66 53 3.66 92 11.25 26 10.43 42 6.50 64 9.70 96 Jarislowsky Fraser Canadian Equity Fund Apr-97-1.97 69 11.62 55 8.49 22 6.12 22 11.98 16 5.86 27 10.46 48 12.07 16 8.41 26 12.81 46 Kingwest Canadian Equity Portfolio Oct-05 2.13 2 20.16 1 11.60 2 8.52 6 12.13 14 5.70 32 11.56 18 10.21 50 7.59 48 12.90 42 Landry Canadian Equity Fund May-03-4.67 98 4.24 96 4.51 82 2.18 87 9.01 82 5.40 38 8.37 88 10.24 49 5.39 85 10.79 82 Leith Wheeler Canadian Dividend Fund Dec-10-2.40 80 18.91 1 11.84 2 5.91 24 11.66 22 11.47 20 9.92 54 8.99 16 Leith Wheeler Canadian Equity Fund May-94-2.08 74 17.51 2 8.00 31 3.72 64 11.58 28 5.96 24 10.61 42 10.14 51 8.63 22 16.73 6 Lincluden Stable Income Equity Fund Jan-13-2.50 84 9.30 88 7.98 31 6.06 22 10.39 50 London Life Canadian Equity Fund (LC) Jan-80-0.28 26 12.70 42 5.12 72 4.64 41 9.95 64 3.72 91 10.18 56 9.27 69 5.98 74 9.95 94 London Life Dividend Fund (LC) Jun-05-0.20 21 14.85 16 8.38 24 3.86 62 9.90 67 5.88 27 8.92 80 8.69 76 7.13 54 13.62 33 Louisbourg Canadian Equity Fund Dec-10-2.18 76 11.10 62 6.55 50-0.55 98 7.57 98 7.52 94 6.71 98 2.67 98 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 8 OF 58

Canadian Equity Louisbourg Dividend Fund Dec-10-1.79 65 10.79 71 7.28 38 2.03 89 9.62 75 8.83 82 9.33 66 6.68 60 Louisbourg Quantitative Canadian Equity Fund Oct-11-3.73 94-4.13 99 10.67 4 3.83 62 10.60 56 9.44 65 14.62 4 Mackenzie Canadian All Cap Value Nov-05-2.03 71 15.48 12 9.50 12 4.74 39 11.59 26 6.51 16 10.52 46 10.64 36 6.61 61 12.86 44 Manulife AM Canadian Core Equity Pooled Fund Dec-11-0.84 38 13.38 34 7.09 42 8.11 8 11.98 16 12.22 11 11.63 22 Manulife AM Canadian Large Cap Growth Pooled Aug-06-1.76 64 10.52 76 3.42 96 4.29 51 10.76 48 4.14 74 10.49 47 10.83 31 7.92 37 11.66 63 Manulife AM Canadian S&P/TSX Index Jan-98-1.64 56 11.08 62 5.29 66 3.11 68 8.74 89 3.93 86 8.97 76 8.17 86 5.30 89 10.71 85 Manulife Asset Management Canadian Equity Fund May-05-0.84 38 13.43 34 4.54 82 4.19 55 10.14 62 3.86 88 10.03 58 9.33 66 6.78 56 10.93 79 Manulife Capped Canadian Equity Fund Dec-90-0.86 40 13.39 34 4.68 80 4.30 50 10.12 62 3.97 83 10.10 57 9.32 68 6.73 58 10.92 79 Mawer Canadian Equity Pooled Fund Feb-99 0.96 7 15.95 9 9.03 16 8.74 4 14.98 2 8.46 3 13.91 2 14.73 4 13.15 1 17.95 1 MFS Canadian Equity Core Fund Jan-94-0.77 35 12.64 42 4.75 78 4.69 40 10.79 47 4.35 69 10.80 35 10.34 44 7.21 53 11.59 64 MFS Canadian Equity Growth Fund Jan-81 0.21 17 13.83 30 4.42 84 5.08 34 10.98 42 3.19 97 10.92 32 10.28 45 6.05 73 9.55 96 MFS Canadian Equity Value Fund Jan-94-1.70 61 11.44 58 4.97 75 4.24 53 10.55 56 5.34 40 10.61 42 10.33 44 8.04 33 13.19 39 MFS Responsible Canadian Equity Fund Aug-00-0.63 32 12.87 40 4.43 84 4.45 45 10.77 48 4.06 77 10.37 50 10.25 47 7.34 52 11.78 60 Montrusco Bolton Canadian Equity Fund Jan-86-0.96 42 14.61 19 3.97 90 1.53 92 9.05 81 4.33 70 9.05 73 7.70 94 5.55 80 12.16 52 Montrusco Bolton Equity Income Fund Sep-02 1.59 4 14.26 22 8.68 19 4.06 58 10.63 54 8.58 2 9.80 60 9.74 58 8.82 18 16.49 8 Montrusco Bolton Quantitative Canadian Equity Fund Feb-96-7.47 100-11.21 100 5.16 71-1.70 100 5.90 100 3.52 94 3.36 100 10.67 34 1.42 100 13.53 35 Northern Trust Asset Mgmt. Canadian Equity Fund Apr-79-2.05 72 11.41 58 4.99 74 3.31 66 9.85 70 4.06 78 9.56 64 9.47 62 6.71 59 11.74 61 Optimum Canadian Equity Jan-97 0.45 15 14.32 21 7.74 35 2.24 84 7.73 98 4.51 65 7.93 92 6.14 100 3.23 97 9.14 98 PCJ Canadian Equity Fund Aug-97-1.74 63 10.38 78 3.34 96 2.21 84 9.02 82 4.28 71 8.38 88 8.68 77 5.59 78 11.32 72 Pembroke Dividend Growth Fund Jan-12 3.38 1 14.85 16 9.40 14 4.35 48 13.78 5 11.11 28 13.51 7 PH&N Canadian Equity Fund Jun-71-2.38 80 11.73 50 5.53 62 4.30 50 11.05 40 4.04 80 10.52 46 10.88 29 7.80 43 12.43 50 PH&N Canadian Equity Value Fund Dec-09-0.97 44 12.86 40 8.17 26 5.53 27 11.03 41 10.75 37 10.58 39 8.36 28 13.95 29 PH&N Conservative Equity Income Fund Apr-12-0.81 36 14.06 26 8.41 23 5.89 24 11.79 20 10.60 42 11.24 26 PH&N Dividend Income Fund Jun-77-0.96 42 14.11 24 8.87 17 5.11 33 10.70 52 5.03 51 10.12 57 9.86 56 7.99 34 14.21 26 QV Investors Canadian Equity Fund Dec-06-2.42 82 10.90 68 7.29 38 4.88 37 11.58 28 6.99 12 9.66 62 11.75 20 9.49 12 14.56 21 RBC QUBE 120/20 Canadian Equity Fund Nov-11-2.41 81 9.85 82 4.98 75 3.28 66 10.84 46 9.61 63 11.09 27 RBC QUBE Canadian Equity Fund Nov-11-1.69 60 8.63 92 3.87 91 2.54 80 9.93 66 9.07 72 10.26 46 RBC QUBE Low Volatility Canadian Equity Fund Nov-11 1.15 6 10.50 76 10.47 6 9.17 2 12.27 12 12.95 5 12.72 10 Scheer Rowlett Canadian Equity Fund Jan-92-2.88 89 15.23 13 8.78 18 2.94 74 9.21 78 3.43 95 9.23 68 7.75 94 4.00 94 10.89 80 SEAMARK Canadian Equity Pooled Fund Jul-97-1.69 60 9.55 84 6.01 59 3.78 64 9.95 64 3.80 89 9.19 68 10.05 52 6.29 68 10.52 89 SEAMARK Pooled Low Volatility Equity Fund Jul-12 0.48 14 6.58 94 10.13 8 10.25 2 11.79 14 SEI Canadian Equity Fund Aug-97-0.88 40 10.75 72 4.99 74 4.10 57 9.86 70 4.08 76 9.84 60 9.64 60 6.11 72 10.03 92 Sionna Canadian All Cap Pooled Fund Dec-07-1.98 69 14.88 16 6.23 55 2.90 74 9.39 77 8.58 84 8.06 90 7.44 50 13.07 40 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 9 OF 58

Canadian Equity Sionna Canadian Equity Pooled Fund Jun-03-1.40 48 16.27 7 8.25 25 4.28 52 9.88 68 5.21 42 9.39 66 8.34 81 6.51 63 11.91 57 TD Emerald Canadian Equity Index Fund Jul-91-1.63 54 11.01 66 5.25 68 3.08 71 8.73 90 3.92 86 8.94 78 8.17 85 5.35 87 10.77 83 TD Emerald CDN Market Capped Pooled Fund Trust Passive Aug-00-1.63 54 11.02 66 5.25 68 3.08 72 8.73 90 3.96 84 8.93 78 8.17 86 5.36 86 10.79 82 TD Emerald Low Volatility Canadian Equity PFT Sep-09-0.24 23 9.28 88 7.82 34 8.48 6 11.26 36 10.82 34 11.76 19 12.46 2 16.91 4 TD Emerald Systematic Alpha Canadian Equity Pooled Fund Jul-99-1.44 49 9.43 86 7.24 40 4.49 44 9.76 72 4.52 65 10.38 50 9.85 56 6.28 68 11.56 65 Toron AMI Canadian Equity Fund Dec-00-1.54 50 10.92 68 3.40 96 2.21 84 9.85 70 4.64 59 9.05 73 9.59 60 7.73 44 12.78 46 Toron AMI Total Return Equity Fund Dec-98 0.61 11 14.26 22 10.74 4 7.60 11 12.49 11 7.66 7 12.05 12 12.05 16 9.81 8 15.05 16 WindWise Canadian Equity Enhanced Non Lending Fund Jun-05-2.06 73 10.87 69 4.63 80 2.85 75 8.87 86 4.42 67 9.14 70 8.38 80 6.16 71 11.85 59 WindWise Canadian Fundamental Equity Non-Lending Fund Feb-03-2.78 88 7.22 94 4.74 78 11.21 74 Wise Capital Management All Cap Canadian Equity Fund Jun-03-4.17 97 13.18 36 3.77 92-1.77 100 7.91 96 3.00 98 6.97 98 6.63 98 3.82 95 13.63 33 Fund Count 109 109 109 107 101 77 107 110 103 102 Average Return -1.27 11.78 6.70 4.54 10.69 5.25 10.23 10.31 7.27 12.69 5th Percentile 1.32 16.88 10.60 8.64 13.83 8.09 12.97 14.38 10.43 16.77 1st Quartile -0.27 14.08 8.28 5.76 11.61 5.93 11.27 11.33 8.49 14.24 Median -1.54 11.73 6.55 4.30 10.74 5.06 10.38 10.22 7.47 12.43 3rd Quartile -2.12 10.58 4.98 2.88 9.64 4.09 9.00 8.76 5.83 11.13 95th Percentile -3.79 5.51 3.48 0.73 8.12 3.42 7.46 7.51 3.85 9.83 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 10 OF 58

Canadian Equity (Core) Addenda Canadian Equity Pooled Fund Oct-06-0.54 22 12.26 39 8.16 14 5.54 27 10.86 32 4.16 70 11.29 27 10.51 28 6.47 69 11.42 66 BlackRock Active Canadian Equity Fund Sep-97-2.17 82 11.15 58 4.15 94 2.21 80 8.33 91 4.54 52 8.33 95 7.64 95 5.96 82 11.44 62 BlackRock Canada Alpha Advantage Oct-11-3.79 100 10.24 83 4.16 92 2.15 86 9.08 86 8.70 90 8.79 85 BMO AM Canadian Core Alpha Fund Jul-10-1.58 65 11.64 52 6.23 48 4.43 50 10.15 56 10.58 41 9.79 44 6.55 64 11.90 39 CGOV Canadian Equity Fund Jul-07-2.17 80 16.82 4 5.26 60 1.41 95 9.74 77 9.01 81 8.04 91 7.60 32 16.43 1 Connor, Clark & Lunn Canadian Q Core Fund (Pool) Dec-01-2.40 91 10.01 88 6.04 52 3.92 72 10.74 44 5.34 22 10.28 50 10.92 19 7.94 23 13.42 22 Fidelity Canadian Core Equity Institutional Trust Jul-02 0.66 4 11.87 48 6.77 35 6.36 18 11.59 18 5.78 8 11.71 18 11.51 14 8.41 18 11.96 34 Fidelity Canadian Focused Equity Institutional Trust Mar-11 0.69 1 10.73 78 6.91 30 6.18 22 14.35 1 13.03 1 15.27 1 11.77 1 Fiera Capital Canadian Equity - Core Fund Nov-97-0.22 14 14.10 12 5.36 57 4.59 41 10.29 50 4.54 47 10.28 54 9.36 62 7.14 45 11.87 44 Heward Canadian Dividend Growth Fund Jul-09-0.26 16 11.99 44 9.28 8 6.55 14 10.92 28 10.76 36 10.65 24 9.62 9 14.91 10 Hexavest Canadian Equity Fund Sep-06-0.57 26 4.09 100 8.13 16 4.35 55 7.98 95 5.40 16 9.16 74 8.98 81 3.92 96 8.09 100 Hillsdale Canadian Core Equity Fund Jan-10-1.41 57 10.01 90 6.66 39 4.80 32 12.26 9 11.79 14 12.83 4 8.97 14 14.22 17 HSBC Canadian Equity Pooled Fund Oct-97-1.83 73 17.19 1 9.57 5 7.04 9 11.18 23 4.95 31 11.62 22 9.72 48 6.47 72 10.96 73 Louisbourg Canadian Equity Fund Dec-10-2.18 86 11.10 60 6.55 43-0.55 100 7.57 100 7.52 100 6.71 100 2.67 100 Louisbourg Dividend Fund Dec-10-1.79 70 10.79 70 7.28 22 2.03 90 9.62 81 8.83 86 9.33 70 6.68 59 Manulife AM Canadian Core Equity Pooled Fund Dec-11-0.84 40 13.38 26 7.09 26 8.11 1 11.98 14 12.22 5 11.63 10 Manulife Asset Management Canadian Equity Fund May-05-0.84 42 13.43 18 4.54 83 4.19 64 10.14 59 3.86 100 10.03 63 9.33 68 6.78 50 10.93 78 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 11 OF 58

Canadian Equity (Core) Manulife Capped Canadian Equity Fund Dec-90-0.86 48 13.39 22 4.68 78 4.30 59 10.12 62 3.97 92 10.10 60 9.32 76 6.73 55 10.92 82 MFS Canadian Equity Core Fund Jan-94-0.77 35 12.64 35 4.75 70 4.69 36 10.79 37 4.35 62 10.80 32 10.34 34 7.21 41 11.59 56 MFS Responsible Canadian Equity Fund Aug-00-0.63 30 12.87 31 4.43 87 4.45 46 10.77 41 4.06 84 10.37 46 10.25 38 7.34 37 11.78 50 SEI Canadian Equity Fund Aug-97-0.88 52 10.75 74 4.99 65 4.10 68 9.86 70 4.08 78 9.84 68 9.64 53 6.11 78 10.03 94 Toron AMI Canadian Equity Fund Dec-00-1.54 61 10.92 65 3.40 100 2.21 78 9.85 72 4.64 39 9.05 78 9.59 56 7.73 27 12.78 28 Toron AMI Total Return Equity Fund Dec-98 0.61 8 14.26 10 10.74 1 7.60 5 12.49 5 7.66 1 12.05 9 12.05 6 9.81 6 15.05 6 WindWise Canadian Fundamental Equity Non-Lending Fund Feb-03-2.78 95 7.22 96 4.74 74 11.21 69 Fund Count 24 24 24 23 23 14 23 22 23 19 Average Return -1.17 11.79 6.25 4.38 10.46 4.81 10.32 9.97 7.09 12.10 5th Percentile 0.65 16.35 9.56 7.54 12.56 6.44 12.24 12.25 9.90 15.24 1st Quartile -0.56 13.38 7.13 5.86 11.05 5.24 11.45 10.62 7.83 13.10 Median -0.87 11.75 6.13 4.43 10.29 4.54 10.28 9.68 6.78 11.78 3rd Quartile -1.92 10.74 4.73 3.07 9.80 4.10 9.10 9.32 6.29 10.94 95th Percentile -2.75 7.63 4.12 1.39 8.01 3.93 8.34 7.62 4.10 9.77 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 12 OF 58

Canadian Equity (Growth) Connor, Clark & Lunn Canadian Q Growth Fund (Pool) Dec-00-2.67 90 9.52 100 5.91 50 4.09 70 11.96 10 5.97 20 10.86 60 12.58 8 9.72 1 15.46 8 Greystone Canadian Equity Fund Mar-96 0.53 1 11.61 60 1.35 100 2.81 80 8.95 100 2.40 100 8.47 80 8.30 100 6.28 84 9.74 85 Guardian Canadian Growth Fund Jul-86-2.72 100 10.49 80 2.50 90 1.99 100 9.22 80 4.98 40 8.09 100 8.90 84 7.61 59 12.43 47 GWL Canadian Equity Fund 2 Jan-70-0.39 50 11.84 20 6.53 20 5.12 10 11.63 20 4.96 50 11.59 10 11.58 25 8.26 17 14.11 38 GWL Canadian Equity Fund 3 Jan-87-0.38 40 11.72 30 6.52 30 4.67 40 11.39 30 4.99 30 11.38 20 11.31 33 8.02 25 14.36 30 GWL Ethics Fund 9.02G Dec-00-0.33 30 11.69 40 6.58 10 4.13 60 11.06 50 4.71 60 10.99 40 10.90 42 7.90 42 14.45 24 GWL Mid Cap Canada Fund (G) Nov-97-0.01 20 11.68 50 10.74 1 5.31 1 13.32 1 6.01 10 13.56 1 13.74 1 7.44 74 16.82 1 Industrial Alliance Canadian Equity Growth Oct-01-0.86 60 13.90 1 6.11 40 5.06 30 11.28 40 6.26 1 11.15 30 10.64 58 7.87 50 12.14 54 Manulife AM Canadian Large Cap Growth Pooled Aug-06-1.76 80 10.52 70 3.42 70 4.29 50 10.76 70 4.14 80 10.49 70 10.83 50 7.92 34 11.66 62 MFS Canadian Equity Growth Fund Jan-81 0.21 10 13.83 10 4.42 60 5.08 20 10.98 60 3.19 90 10.92 50 10.28 68 6.05 91 9.55 92 PCJ Canadian Equity Fund Aug-97-1.74 70 10.38 90 3.34 80 2.21 90 9.02 90 4.28 70 8.38 90 8.68 91 5.59 100 11.32 69 Fund Count 11 11 11 11 11 11 11 13 13 14 Average Return -0.92 11.56 5.22 4.07 10.87 4.72 10.53 10.76 7.60 12.10 5th Percentile 0.37 13.87 8.66 5.22 12.64 6.13 12.58 13.04 9.09 15.94 1st Quartile -0.17 11.78 6.53 5.07 11.51 5.48 11.27 11.58 8.03 14.43 Median -0.39 11.68 5.91 4.29 11.06 4.96 10.92 10.83 7.87 12.29 3rd Quartile -1.75 10.50 3.38 3.45 9.99 4.21 9.48 10.15 7.37 10.32 95th Percentile -2.70 9.95 1.92 2.10 8.99 2.80 8.23 8.53 5.86 7.16 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 13 OF 58

Canadian Equity (Value) Beutel Goodman Canadian Equity Fund Jan-91-1.87 34 14.38 48 8.15 26 5.71 1 12.70 1 7.16 1 11.25 1 12.28 1 10.08 1 15.18 10 BonaVista Canadian Equity Fund Feb-95-2.65 67 16.30 8 6.31 60 3.82 40 11.72 8 5.09 59 10.66 14 10.60 16 8.37 24 14.87 17 Burgundy Canadian Large Cap Equity Fund Mar-12-3.70 93 8.56 100 3.48 100 0.75 93 8.91 80 6.79 100 9.00 42 Burgundy Focus Canadian Equity Fund May-99-3.24 87 13.69 60 4.32 87 1.63 87 9.53 60 5.96 26 7.35 87 8.52 53 9.10 10 16.26 4 Foyston, Gordon and Payne Canadian Equity Jan-93-2.91 80 14.90 34 6.91 53 2.61 67 11.41 33 5.06 66 9.09 60 10.56 26 7.87 38 15.17 12 Industrial Alliance Canadian Equity Value Dec-69-0.95 8 12.38 80 5.38 74 2.53 73 8.88 86 3.36 91 8.93 66 8.02 79 5.45 76 11.32 78 Leith Wheeler Canadian Equity Fund May-94-2.08 52 17.51 1 8.00 33 3.72 46 11.58 26 5.96 32 10.61 26 10.14 36 8.63 19 16.73 1 Mackenzie Canadian All Cap Value Nov-05-2.03 47 15.48 20 9.50 1 4.74 20 11.59 14 6.51 17 10.52 32 10.64 12 6.61 48 12.86 54 MFS Canadian Equity Value Fund Jan-94-1.70 27 11.44 87 4.97 80 4.24 32 10.55 47 5.34 42 10.61 20 10.33 32 8.04 34 13.19 40 Optimum Canadian Equity Jan-97 0.45 1 14.32 52 7.74 40 2.24 80 7.73 100 4.51 75 7.93 80 6.14 100 3.23 95 9.14 100 PH&N Canadian Equity Value Fund Dec-09-0.97 12 12.86 73 8.17 20 5.53 6 11.03 40 10.75 7 10.58 21 8.36 28 13.95 30 QV Investors Canadian Equity Fund Dec-06-2.42 60 10.90 93 7.29 47 4.88 14 11.58 20 6.99 8 9.66 40 11.75 5 9.49 5 14.56 22 Scheer Rowlett Canadian Equity Fund Jan-92-2.88 74 15.23 27 8.78 7 2.94 54 9.21 73 3.43 84 9.23 53 7.75 89 4.00 82 10.89 87 Sionna Canadian All Cap Pooled Fund Dec-07-1.98 40 14.88 40 6.23 66 2.90 60 9.39 67 8.58 73 8.06 74 7.44 43 13.07 48 Sionna Canadian Equity Pooled Fund Jun-03-1.40 20 16.27 12 8.25 14 4.28 28 9.88 54 5.21 50 9.39 47 8.34 58 6.51 52 11.91 61 Wise Capital Management All Cap Canadian Equity Fund Jun-03-4.17 100 13.18 67 3.77 94-1.77 100 7.91 94 3.00 100 6.97 94 6.63 95 3.82 86 13.63 35 Fund Count 16 16 16 16 16 13 16 20 22 24 Average Return -2.16 13.89 6.70 3.17 10.22 5.20 9.27 9.12 6.59 12.89 5th Percentile -0.60 16.60 8.96 5.57 11.96 7.06 10.88 11.74 9.48 16.07 1st Quartile -1.62 15.29 8.16 4.40 11.58 5.99 10.61 10.56 8.37 14.38 Median -2.05 14.35 7.10 3.33 10.22 5.21 9.31 8.63 6.56 12.98 3rd Quartile -2.89 12.74 5.28 2.46 9.13 4.48 8.42 8.05 5.45 11.35 95th Percentile -3.82 10.31 3.69 0.12 7.87 3.22 6.93 6.64 3.27 10.21 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 14 OF 58

Canadian Equity (Income) Beutel Goodman Canadian Dividend Fund Sep-03-2.42 94 14.22 31 10.49 1 8.32 7 14.39 1 8.34 11 12.80 6 14.44 1 12.58 1 16.75 10 CC&L Equity Income & Growth Fund Dec-12 0.56 19 11.79 69 9.52 25 7.93 13 12.88 1 CI Signature Dividend Fund Oct-96 0.29 31 13.95 50 7.36 81 7.55 19 11.28 42 7.28 34 10.35 56 10.62 38 10.37 10 12.89 73 Fiera Capital High Income Equity Oct-09-0.29 50 13.72 56 7.88 74 2.71 82 10.17 75 8.39 81 9.29 69 7.97 72 Greystone Canadian Equity Income & Growth Fund Dec-97 0.84 13 10.23 75 3.63 100 2.43 88 7.72 100 5.43 89 7.53 93 7.10 93 6.33 100 13.29 64 Guardian Equity Income Fund Aug-03-0.71 57 8.63 93 6.18 88 2.39 93 8.66 92 8.09 22 7.54 88 8.67 84 8.53 36 17.73 1 Guardian Growth & Income Fund Sep-12-1.22 81 8.82 88 5.42 93 1.90 100 7.36 100 GWL Dividend Fund (G) Nov-97-0.21 43 14.90 8 8.45 50 6.47 38 11.64 26 7.01 45 10.99 37 10.84 23 10.33 18 14.70 36 HSBC Canadian Dividend Income Pooled Fund Dec-96-1.06 75 17.30 1 9.77 19 7.25 25 11.63 32 5.67 78 11.57 19 10.26 46 7.88 81 11.97 100 Industrial Alliance Dividends Fund Dec-97-1.64 87 13.18 62 9.99 12 7.12 30 11.16 50 6.81 55 11.43 25 10.66 31 8.14 55 12.66 90 Lincluden Stable Income Equity Fund Jan-13-2.50 100 9.30 82 7.98 69 6.06 44 10.39 50 London Life Dividend Fund (LC) Jun-05-0.20 38 14.85 14 8.38 62 3.86 74 9.90 83 5.88 67 8.92 75 8.69 78 7.13 91 13.62 55 Montrusco Bolton Equity Income Fund Sep-02 1.59 7 14.26 26 8.68 44 4.06 69 10.63 66 8.58 1 9.80 68 9.74 61 8.82 28 16.49 18 Pembroke Dividend Growth Fund Jan-12 3.38 1 14.85 18 9.40 31 4.35 63 13.78 8 11.11 32 13.51 7 PH&N Conservative Equity Income Fund Apr-12-0.81 62 14.06 44 8.41 56 5.89 50 11.79 18 10.60 44 11.24 16 PH&N Dividend Income Fund Jun-77-0.96 69 14.11 38 8.87 38 5.11 56 10.70 59 5.03 100 10.12 62 9.86 54 7.99 64 14.21 45 SEAMARK Pooled Low Volatility Equity Fund Jul-12 0.48 25 6.58 100 10.13 7 10.25 1 11.79 13 Fund Count 17 17 17 17 13 10 17 14 12 12 Average Return -0.29 12.63 8.27 5.51 11.04 6.81 10.21 10.12 8.69 14.35 5th Percentile 1.95 15.38 10.21 8.71 14.03 8.47 12.81 13.84 11.36 17.19 1st Quartile 0.47 14.31 9.53 7.26 11.65 7.89 11.41 10.80 9.20 15.55 Median -0.29 13.95 8.45 5.89 11.16 6.91 10.39 10.06 8.21 13.91 3rd Quartile -1.06 10.28 7.84 3.79 10.18 5.72 8.95 8.84 7.95 12.84 95th Percentile -2.44 8.22 5.06 2.29 8.28 5.21 7.49 6.99 6.77 12.35 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 15 OF 58

Canadian Equity (GARP) BMO AM Canadian Equity Fund Aug-92 0.70 17 13.93 41 8.05 13 5.08 33 11.40 36 10.71 34 10.77 50 7.72 64 11.57 75 CI Cambridge All Canadian Equity Fund Dec-11 1.54 6 11.04 88 6.78 44 6.40 14 15.38 1 12.81 20 16.50 1 Connor, Clark & Lunn Canadian Equity Fund (Pool) Nov-91-2.02 76 9.40 100 4.17 87 4.23 66 11.76 28 6.00 10 11.28 27 12.36 19 9.55 14 13.90 29 Dixon Mitchell Canadian Equity Fund Oct-14-3.68 89 12.71 54 3.96 100 Fiera Capital Canadian Equity - Opportunities Fund Jan-94-3.90 94 17.19 1 4.80 75 0.83 93 10.99 50 5.17 28 8.45 94 9.49 70 8.59 35 15.17 20 Fiera Capital Canadian Equity ESG - Opportunities Fund Feb-04-4.53 100 15.73 22 4.26 82 0.32 100 10.71 58 5.09 54 8.06 100 9.48 74 8.68 22 15.23 16 Franklin Bissett Canadian Dividend Fund May-16-1.50 47 14.92 30 Galibier Canadian Equity Pool Sep-12 1.70 1 15.78 18 7.17 37 4.49 53 12.98 14 GEM Canadian Equity Pool Feb-06-0.82 30 13.06 47 7.88 18 4.80 40 9.76 92 4.59 64 10.34 60 8.94 93 6.73 72 11.48 78 Gryphon Canadian Equity Fund Sep-07-1.77 64 15.90 12 6.75 50 3.06 80 10.61 64 9.70 73 9.33 82 5.19 100 11.02 86 Guardian Canadian Equity Fund Mar-69-1.71 58 11.51 82 7.23 32 5.26 27 10.23 72 5.14 36 10.52 40 9.91 62 7.90 50 12.07 64 Highstreet Canadian Equity Fund Oct-98-1.16 41 12.27 65 7.48 25 7.45 7 13.05 14 5.10 46 13.48 7 13.25 13 9.62 8 11.68 72 Jarislowsky Fraser Canadian Equity Fund Apr-97-1.97 71 11.62 77 8.49 6 6.12 20 11.98 22 5.86 18 10.46 53 12.07 25 8.41 42 12.81 43 London Life Canadian Equity Fund (LC) Jan-80-0.28 24 12.70 58 5.12 69 4.64 47 9.95 80 3.72 100 10.18 66 9.27 87 5.98 86 9.95 100 Mawer Canadian Equity Pooled Fund Feb-99 0.96 12 15.95 6 9.03 1 8.74 1 14.98 6 8.46 1 13.91 1 14.73 6 13.15 1 17.95 1 Montrusco Bolton Canadian Equity Fund Jan-86-0.96 35 14.61 35 3.97 94 1.53 87 9.05 100 4.33 73 9.05 86 7.70 100 5.55 93 12.16 58 PH&N Canadian Equity Fund Jun-71-2.38 82 11.73 71 5.53 63 4.30 60 11.05 44 4.04 82 10.52 46 10.88 44 7.80 57 12.43 50 SEAMARK Canadian Equity Pooled Fund Jul-97-1.69 54 9.55 95 6.01 56 3.78 73 9.95 84 3.80 91 9.19 80 10.05 57 6.29 79 10.52 93 Fund Count 18 18 17 16 15 12 16 17 15 15 Average Return -1.30 13.31 6.27 4.44 11.39 5.11 10.73 11.05 7.99 13.15 5th Percentile 1.56 16.15 8.60 7.77 15.10 7.10 13.59 15.09 10.68 17.79 1st Quartile -0.42 15.52 7.49 5.47 11.87 5.34 11.67 12.06 8.67 14.53 Median -1.60 12.89 6.75 4.57 10.99 5.10 10.49 10.77 7.90 12.43 3rd Quartile -2.01 11.64 4.78 3.60 10.09 4.26 9.58 9.47 6.51 11.58 95th Percentile -4.00 9.54 3.97 0.70 9.54 3.77 8.36 8.70 5.45 10.35 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 16 OF 58

Canadian Equity (Quantitative) BMO Asset Management Canadian Smart Alpha Equity Fund Jun-11-0.13 10 10.73 10 9.62 30 9.02 20 12.31 20 12.38 30 12.70 44 10.59 60 CC&L Q Equity Extension Fund May-07-2.45 80 13.08 1 8.32 40 7.84 40 14.31 10 7.47 50 13.58 10 14.62 22 11.94 20 15.94 29 CC&L Q Market Neutral Fund Nov-04-1.65 30 3.75 70 14.84 1 22.45 1 17.00 1 11.57 1 17.41 1 20.57 1 16.89 1 9.66 100 Hillsdale Hedged Absolute Return Fund Jun-10-1.87 50 4.59 60 6.84 60 3.27 70 5.84 90 6.64 80 6.15 97 5.13 91 11.94 100 Louisbourg Quantitative Canadian Equity Fund Oct-11-3.73 90-4.13 90 10.67 10 3.83 50 10.60 60 9.44 60 14.62 12 Montrusco Bolton Quantitative Canadian Equity Fund Feb-96-7.47 100-11.21 100 5.16 70-1.70 100 5.90 80 3.52 100 3.36 90 10.67 78 1.42 100 13.53 100 RBC QUBE 120/20 Canadian Equity Fund Nov-11-2.41 60 9.85 30 4.98 80 3.28 60 10.84 50 9.61 50 11.09 67 RBC QUBE Canadian Equity Fund Nov-11-1.69 40 8.63 50 3.87 90 2.54 80 9.93 70 9.07 70 10.26 88 RBC QUBE Low Volatility Canadian Equity Fund Nov-11 1.15 1 10.50 20 10.47 20 9.17 10 12.27 30 12.95 20 12.72 34 RBC QUBE Market Neutral Canadian Equity Fund Nov-11-2.45 70-0.72 80-0.91 100 1.32 90 3.68 100 1.78 100 4.81 100 TD Emerald Low Volatility Canadian Equity PFT Sep-09-0.24 20 9.28 40 7.82 50 8.48 30 11.26 40 10.82 40 11.76 56 12.46 1 16.91 1 Fund Count 11 11 11 11 11 3 11 10 6 2 Average Return -2.09 4.94 7.43 6.32 10.36 7.52 9.73 12.38 9.62 15.22 5th Percentile 0.51 11.90 12.75 15.81 15.65 11.16 15.50 17.88 12.33 16.74 1st Quartile -0.95 10.17 10.04 8.75 12.29 9.52 12.67 14.14 11.84 16.06 Median -1.87 8.63 7.82 3.83 10.84 7.47 9.61 12.23 11.06 15.22 3rd Quartile -2.45 1.51 5.07 2.90 7.92 5.50 7.86 10.78 9.96 14.37 95th Percentile -5.60-7.67 1.48-0.19 4.76 3.92 2.57 7.26 3.50 13.70 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 17 OF 58

Diversified Canadian Equity CI Signature Canadian Equity Plus Fund May-98 0.86 40 20.47 1 8.88 1 8.33 1 13.12 20 7.01 1 12.54 20 11.35 50 10.26 17 13.95 64 Integra Equity Fund Dec-96-0.42 80 11.45 100 6.09 60 6.74 60 12.04 60 3.53 80 11.69 60 12.19 18 9.02 50 10.93 91 Invesco (Growth) Jan-90 1.06 20 14.10 60 7.23 20 7.10 20 14.32 1 6.25 20 12.91 1 14.37 1 11.60 1 14.96 45 Invesco (Trimark Canadian Fund) Sep-81 1.07 1 18.77 20 0.04 100-4.25 100 6.51 100 2.95 100 3.83 100 3.65 100 6.85 100 16.39 18 MFS Canadian Equity Plus Fund Aug-97 0.35 60 14.26 40 6.06 80 7.03 40 12.55 40 4.85 40 12.16 40 12.13 32 9.50 34 12.40 82 PH&N Canadian Equity Plus Pension Trust Nov-66-1.35 100 13.22 80 6.76 40 5.17 80 11.66 80 3.86 60 10.92 80 11.28 66 8.46 67 13.28 73 Fund Count 6 6 6 6 6 6 6 7 7 12 Average Return 0.26 15.38 5.84 5.02 11.70 4.74 10.68 10.74 9.10 14.31 5th Percentile 1.07 20.05 8.47 8.02 14.02 6.82 12.82 13.72 11.20 16.96 1st Quartile 1.01 17.64 7.12 7.08 12.98 5.90 12.44 12.16 9.88 16.05 Median 0.61 14.18 6.43 6.89 12.29 4.35 11.93 11.35 9.02 14.69 3rd Quartile -0.22 13.44 6.07 5.57 11.76 3.61 11.12 10.75 8.25 13.06 95th Percentile -1.12 11.89 1.54-1.89 7.80 3.10 5.60 5.62 7.20 10.55 The Diversified Canadian Equity man contains funds having a clearly defined Canadian bias. However, these funds tend to be more flexible than traditional Canadian Equity funds in terms of their ability to allocate strategy towards US and/or international holdings. RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 18 OF 58

Canadian Small Cap Beutel Goodman Small Cap Fund Feb-95 0.54 13 18.64 4 11.71 9 8.58 4 14.06 18 9.85 6 14.51 10 12.94 39 8.25 48 14.49 76 BlackRock Active Canadian Equity Small Cap Fund Nov-98 0.36 16 12.16 30 4.82 50 3.17 24 11.20 58 5.90 37 10.63 48 10.96 65 9.37 38 16.88 58 BMO AM Small Cap Fund Jan-95 1.42 4 16.86 8 2.33 75 2.51 33 15.72 10 8.27 16 13.55 17 15.43 18 15.93 6 22.65 12 Connor, Clark & Lunn Canadian Small Cap Fund Apr-05-3.00 78 0.99 96 1.98 80 0.10 63 12.66 37 7.67 21 10.50 60 15.78 13 11.86 22 21.00 18 Dixon Mitchell Small Cap Fund Apr-11-2.79 63 11.90 33 6.10 42 2.72 30 11.42 54 10.60 52 11.30 61 13.10 17 Fiera Capital Canadian Equity - Small Cap Core Fund Dec-88-3.44 83-0.62 100 1.15 88-0.04 66 12.58 40 5.61 48 11.38 31 16.14 9 11.64 25 20.51 26 Fiera Capital Canadian Equity Small Cap Fund Jun-88-2.17 50 3.11 90 2.75 67 2.33 37 13.78 23 6.80 30 12.08 22 16.62 5 11.01 31 16.32 66 Foyston Gordon & Payne Small Cap Canadian Equity Fund Feb-02-1.82 46 13.41 21 4.40 54 0.79 50 9.79 80 5.66 42 8.02 83 8.90 82 9.08 42 17.32 50 Franklin Bissett Small Cap Fund Jan-92-0.49 25 7.16 63 1.90 82-2.88 86 9.81 78 5.59 53 5.90 92 10.48 74 10.10 35 20.83 21 Greystone Canadian Equity Small Cap Fund Jan-07-0.30 21 11.38 41 6.84 33-0.61 78 10.17 68 4.16 84 9.03 69 9.87 78 5.86 74 19.77 33 Guardian Canadian Sml/Mid Cap Fund Feb-97-4.27 88 6.11 70-0.50 96-3.72 92 5.22 94 2.56 90 4.76 95 4.99 95 4.84 86 14.28 80 Hillsdale Canadian Micro Cap Fund Mar-09-2.90 70 20.73 1 22.19 1 14.51 1 21.55 1 23.23 1 21.75 1 7.70 63 20.25 31 Hillsdale Canadian Performance Equity Fund Jan-96-1.06 40 7.66 59 13.18 5 4.97 14 13.61 27 4.66 74 14.37 12 15.14 26 8.04 58 18.90 40 Invesco (Trimark Canadian Small Cap) May-98-2.39 54 3.26 84-5.45 100-6.59 100 5.25 92 4.65 78 1.48 100 5.76 92 11.59 26 20.49 28 J Zechner Associates Inc. Special Equity Fund Apr-00-7.96 100 3.20 87 8.08 24-4.23 95 2.81 100 2.42 100 8.41 78 2.71 100-11.87 100 6.64 96 Lincluden Canadian Small Mid Cap Equity Pooled Fund Dec-13-4.80 92 3.53 76 3.22 63-2.86 84 Louisbourg Canadian Small Cap Fund Oct-11-5.45 95 10.23 46 11.40 12 1.69 42 12.07 45 11.05 36 12.53 47 Mawer New Canada Fund Jan-88-2.88 67 11.72 37 8.26 22 6.89 8 19.59 4 12.24 1 17.01 5 21.64 1 20.67 1 27.52 1 Montrusco Bolton Canadian Small Cap Equity Fund Dec-84-0.84 33 9.84 50 5.81 46-0.51 75 7.59 86 5.57 57 7.72 86 7.04 87 3.92 94 14.26 82 PCJ Canadian Small Capitalization Fund Aug-00-2.98 76 6.90 66 6.96 30 0.80 46 11.55 50 2.50 95 10.81 43 12.74 43 5.98 70 16.36 64 Pembroke Canadian Growth Fund Feb-07 2.92 1 13.30 24 2.61 71 0.71 54 13.12 32 6.83 28 11.00 39 13.08 35 13.57 16 23.66 5 QV Investors Canadian Small Cap Fund Dec-96-0.64 29 13.62 18 10.29 16 4.89 16 14.92 14 9.44 10 12.06 26 15.24 22 15.80 10 22.99 9 RBC INVESTOR & TREASURY SERVICES POOLED FUND SURVEY PERIOD ENDING JUNE 30, 2017 PAGE 19 OF 58