Credential Financial Inc.

Mutual funds are offered through Credential Asset Management Inc. and mutual funds and other securities are offered through Credential Securities Inc. and Credential Direct®, a division of Credential Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, securities and cash balances are not covered by Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. There can be no assurance that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment will be returned to you. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member of the Canadian Investor Protection Fund.

Credential®, Credential Securities®, Credential Direct®, and OnCourse™, are registered marks owned by Credential Financial Inc. and are used under license.

Credential Direct® is a division of Credential Securities Inc. and operates as a separate business unit. Credential Securities® is a member of the Canadian Investor Protection Fund.

Ethical Funds® is a registered mark owned by Northwest & Ethical Funds Investments L.P. and is used under license. Ethical Funds® are sold in all provinces and territories across Canada.

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