Release date 10-31-2023 Page 1 of 18

®
Portfolio X-Ray : Client Aggregate
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
$346,255.98 1.48 $5,222.99 3.21 Custom

Asset Allocation 10-31-2023 Stock Analysis 10-31-2023

Asset Allocation Portfolio % Bmark (%) Stock Sectors World Regions
Cash 28.36 0.00 Benchmark Americas Greater Europe Greater Asia

Sen
s
Canadian Equity 8.95 6.04 Portfolio

itiv
e
US Equity 12.84 11.28
International Equity 10.75 6.87
Fixed Income 38.75 39.68

ive
ens
Other/Not Classified 0.36 36.13

Def
Cyclical
Bond Analysis 10-31-2023
<25 25-50 50-75 >75%
Fixed-Income Sectors Portfolio (%) Bmark (%) Portfolio Bmark
⁄ Government 43.64 75.33
‹ Municipal 0.12 0.01 Portfolio (%) Bmark (%) Portfolio (%) Bmark (%)
h Cyclical 33.89 37.07 Greater Europe 17.54 16.31
› Corporate 44.03 17.84
r Basic Matls 5.37 6.16 United Kingdom 4.04 3.70
€ Securitized 3.40 6.82
t Consumer Cycl 9.75 9.75 Europe-Developed 12.91 11.96
fi Cash & Equivalents 7.73 0.00
y Financial Svs 17.15 18.51 Europe-Emerging 0.11 0.17
± Derivative 1.08 0.00
u Real Estate 1.62 2.65 Africa/Middle East 0.48 0.48
0% 10 20 30 40 50 60 70 80 90 100
j Sensitive 44.45 44.40 Greater Asia 14.59 11.75
Maturity Breakdown Credit Quality Breakdown i Commun Svs 6.44 5.59 Japan 7.07 6.66
Effective Maturity Portfolio (%) Credit Quality Portfolio (%) o Energy 7.08 8.51 Australasia 0.63 1.97
1-3 15.57 AAA 19.50 p Industrials 14.08 12.52 Asia-Developed 2.93 1.69

DRAFT
3-5 15.83 AA 32.32 a Technology 16.85 17.78 Asia-Emerging 3.96 1.43
5-7 21.33 A 16.58
k Defensive 21.66 18.53 Americas 67.87 71.93
7-10 23.34 BBB 19.23
10-15 5.30 BB 5.65 s Consumer Def 6.75 6.31 Canada 27.51 24.97
15-20 2.98 B 2.83 d Healthcare 10.23 9.38 United States 39.46 46.62
20-30 12.70 Below B 0.74 f Utilities 4.68 2.84 Latin America 0.90 0.35
>30 2.95 NR 3.15 Not Classified 0.00 0.00 Not Classified 0.00 0.00

Investment Style 10-31-2023

Fixed-Income Style Portfolio Bmark Equity Style Portfolio Bmark
Large
High

15 0 0 16 31 26
Effective Duration 5.53 — Average Market Cap ($mil) 64,672.59 82,366.67
Med

Mid

0 0 85 Effective Maturity 8.81 — 6 11 5 Price/Earnings 15.94 15.46

Average Credit Quality BBB — Price/Book 2.16 2.11
Small
Low

0 0 0 1 3 1
Price/Sales 1.53 1.60
Ltd Mod Ext Value Blend Growth
Price/Cash Flow 10.35 10.76

0-10 10-25 25-50 >50 0-10 10-25 25-50 >50

Top 10 Net Underlying Holdings 10-31-2023 Top 10 Countries 10-31-2023

Name Type Sector Country Assets % Country Portfolio %
Microsoft Corp(USD) ST Technology United States 0.71 United States 21.21
Apple Inc(USD) ST Technology United States 0.57 Canada 20.14
Canada (Government of) 2.000% 12/01/2051 CAD SNR Japan 2.64
BND Government Canada 0.56
National Government(CAD)
Royal Bank of Canada(CAD) ST Financial Services Canada 0.44 United Kingdom 2.17
The Toronto-Dominion Bank(CAD) ST Financial Services Canada 0.40 France 1.40
Canada (Government of) 1.750% 12/01/2053 CAD SNR Switzerland 0.84
BND Government Canada 0.34
National Government(CAD) Germany 0.75
Canada (Government of) 1.500% 06/01/2031 CAD SNR BND Government Canada 0.33
National Government(CAD) China 0.72
Sun Life Financial Inc. 2.800% 11/21/2033 CAD SUB BND — Canada 0.31 Netherlands 0.71
CORP(CAD)
Alphabet Inc Class C(USD) ST Communication Services United States 0.27 Italy 0.62
Alphabet Inc Class A(USD) ST Communication Services United States 0.27

©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 2 of 18
®
Portfolio X-Ray : Client Aggregate
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
$346,255.98 1.48 $5,222.99 3.21 Custom

Performance 10-31-2023

Performance History Portfolio Benchmark Initial Mkt Val: $280,736 Final Mkt Val: $346,256
$405k

375

345

315

285

255
Calendar Returns +/- Benchmark in %
20.0%
15.0
10.0
5.0
Bmark
-5.0
-10.0
2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD

Trailing Returns* Portfolio % +/- Benchmark Trailing Returns* Best % Worst %

3 Month -2.74 -0.82 3 Month 6.24 ( Apr 2020-Jun 2020 ) -6.10 ( Apr 2022-Jun 2022 )
6 Month -2.18 -0.89 6 Month 8.19 ( Apr 2020-Sep 2020 ) -9.79 ( Jan 2022-Jun 2022 )
1 Year 3.17 -0.94 1 Year 10.92 ( Apr 2020-Mar 2021 ) -8.95 ( Oct 2021-Sep 2022 )

DRAFT
3 Year 0.05 -0.89 3 Year 5.68 ( Jan 2019-Dec 2021 ) -0.47 ( Oct 2019-Sep 2022 )
5 Year 1.93 0.57 5 Year 3.71 ( Jul 2016-Jun 2021 ) 1.15 ( Nov 2017-Oct 2022 )
YTD 1.59 -1.13

Risk/Return Analysis 10-31-2023 Top 10 Holdings 10-31-2023

Portfolio Holdings Bmark 10 Year Mean Assets % Name Mean Stnd Dev
4.00 1 35.70 BMO Conservative ETF Portfolio Advisor (CAD) 2.80 6.29
3.50 2 32.69 NEI Select Balanced RS P (CAD) — —
3.00
3 31.60 CI Money Market Fund Series A (CAD) 0.74 0.33
1 4 0.01 Cash - 1.000% 1.00 0.00
2.50

2.00

1.50

4 1.00
3
0.50

0.00

-0.50

-1.00
-1.0 -0.4 0.2 0.8 1.4 2.0 2.6 3.2 3.8 4.4 5.0 5.6 6.2 6.8 7.4

10 Year Standard Deviation

Risk and Return Statistics* 1 Yr 3 Yr 5 Yr 10 Yr MPT Statistics* 1 Yr 3 Yr 5 Yr 10 Yr

Standard Deviation 5.60 5.51 5.51 4.23 Alpha -0.84 -0.77 0.66 1.10
Mean 3.17 0.05 1.93 2.12 Beta 1.11 1.10 1.11 1.11
Sharpe Ratio -0.22 -0.31 0.08 0.23 R-Squared 99.01 98.19 61.43 51.72
Information Ratio -1.12 -0.95 0.16 0.35
Tracking Error 0.84 0.93 3.47 2.99

*Full return history is not available for all securities. Please see Return Participation disclosure.
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 3 of 18

Return Participation 10-31-2023

This portfolio report includes securities for which return data is not available for the entire calculated using return, including standard deviation, mean, Sharpe ratio, alpha, beta and
history represented. When return is not available for a security, the remaining securities R-squared. The following securities do not have 120 months of return data reflected in the
returns are reweighted to maintain consistent proportions for the securities that do have report.
returns. The reweighting impacts trailing return data, as well as statistics that are

Security Start Date

Morningstar Can FI Gbl Tgt Alloc NR CAD (CAD, MSAACFIG) 06-30-2020
Morningstar Can Neu Gbl Tgt Alloc NR CAD (CAD, MSAACNGC) 06-30-2020
NEI Select Balanced RS P (CAD) 01-31-2019

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 4 of 18
®
Portfolio X-Ray : Client Aggregate
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
$346,255.98 1.48 $5,222.99 3.21 Custom

Portfolio Holdings 10-31-2023

Total: 4 Holdings Type Fund Portfolio Date Assets % Market Value $
BMO Conservative ETF Portfolio Advisor (CAD) MF 10-31-2023 35.70 123,611
NEI Select Balanced RS P (CAD) MF 09-30-2023 32.69 113,186
CI Money Market Fund Series A (CAD) MF 10-31-2023 31.60 109,419
Cash - 1.000% CASH — 0.01 41

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 5 of 18

Appendix

Annual Performance History

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD
Calender Rtrn +/- Bmark% — 3.65 1.77 2.23 1.59 -2.13 6.72 -0.03 -0.54 -1.48 -1.13

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 6 of 18
®
Portfolio X-Ray : Ann Svendsen & Todd Slobogean: Todd - Open
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
$222,645.40 1.38 $3,123.63 4.07 Custom

Asset Allocation 10-31-2023 Stock Analysis 10-31-2023

Asset Allocation Portfolio % Bmark (%) Stock Sectors World Regions
Cash 42.03 0.00 Benchmark Americas Greater Europe Greater Asia

Sen
s
Canadian Equity 7.31 5.91 Portfolio

itiv
e
US Equity 12.48 11.98
International Equity 9.68 7.37
Fixed Income 28.29 22.47

ive
ens
Other/Not Classified 0.22 52.26

Def
Cyclical
Bond Analysis 10-31-2023
<25 25-50 50-75 >75%
Fixed-Income Sectors Portfolio (%) Bmark (%) Portfolio Bmark
⁄ Government 45.25 74.72
‹ Municipal 0.25 0.01 Portfolio (%) Bmark (%) Portfolio (%) Bmark (%)
h Cyclical 30.92 36.89 Greater Europe 18.79 16.15
› Corporate 36.81 17.63
r Basic Matls 4.52 6.07 United Kingdom 4.43 3.62
€ Securitized 2.00 7.64
t Consumer Cycl 10.00 9.85 Europe-Developed 13.87 11.71
fi Cash & Equivalents 15.27 0.00
y Financial Svs 15.30 18.31 Europe-Emerging 0.08 0.18
± Derivative 0.42 0.00
u Real Estate 1.10 2.66 Africa/Middle East 0.41 0.63
0% 10 20 30 40 50 60 70 80 90 100
j Sensitive 44.51 44.47 Greater Asia 12.83 12.58
Maturity Breakdown Credit Quality Breakdown i Commun Svs 6.98 5.71 Japan 4.13 6.52
Effective Maturity Portfolio (%) Credit Quality Portfolio (%) o Energy 5.18 8.27 Australasia 0.18 1.93
1-3 15.81 AAA 13.13 p Industrials 14.20 12.38 Asia-Developed 3.54 2.03

DRAFT
3-5 18.60 AA 44.89 a Technology 18.15 18.11 Asia-Emerging 4.98 2.10
5-7 18.66 A 14.10
k Defensive 24.57 18.64 Americas 68.38 71.28
7-10 22.00 BBB 15.61
10-15 6.05 BB 5.36 s Consumer Def 7.06 6.34 Canada 24.82 23.40
15-20 2.83 B 2.18 d Healthcare 11.49 9.47 United States 42.34 47.43
20-30 14.92 Below B 0.42 f Utilities 6.02 2.83 Latin America 1.22 0.45
>30 1.12 NR 4.31 Not Classified 0.00 0.00 Not Classified 0.00 0.00

Investment Style 10-31-2023

Fixed-Income Style Portfolio Bmark Equity Style Portfolio Bmark
Large
High

32 0 0 11 31 25
Effective Duration 4.48 — Average Market Cap ($mil) 55,877.25 83,406.03
Med

Mid

0 0 68 Effective Maturity 8.71 — 6 13 5 Price/Earnings 16.67 15.50

Average Credit Quality BBB — Price/Book 2.31 2.12
Small
Low

0 0 0 2 5 2
Price/Sales 1.53 1.60
Ltd Mod Ext Value Blend Growth
Price/Cash Flow 10.37 10.78

0-10 10-25 25-50 >50 0-10 10-25 25-50 >50

Top 10 Net Underlying Holdings 10-31-2023 Top 10 Countries 10-31-2023

Name Type Sector Country Assets % Country Portfolio %
Microsoft Corp(USD) ST Technology United States 0.69 United States 15.88
Sun Life Financial Inc. 2.800% 11/21/2033 CAD SUB Canada 12.89
BND — Canada 0.47
CORP(CAD)
Apple Inc(USD) ST Technology United States 0.43 United Kingdom 2.23
Canada (Government of) 1.500% 06/01/2031 CAD SNR France 1.62
BND Government Canada 0.36
National Government(CAD) Japan 1.54
United States Treasury Notes 3.500% 01/31/2028 USD BND — United States 0.36
PVT SNR National Governm(USD)
Italy 0.86
UnitedHealth Group Inc(USD) ST Healthcare United States 0.32 Netherlands 0.81
Alphabet Inc Class C(USD) ST Communication Services United States 0.30 Germany 0.72
Alphabet Inc Class A(USD) ST Communication Services United States 0.28 China 0.72
Royal Bank of Canada(CAD) ST Financial Services Canada 0.26 Switzerland 0.68
The Toronto-Dominion Bank(CAD) ST Financial Services Canada 0.24

©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 7 of 18
®
Portfolio X-Ray : Ann Svendsen & Todd Slobogean: Todd - Open
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
$222,645.40 1.38 $3,123.63 4.07 Custom

Performance 10-31-2023

Performance History Portfolio Benchmark Initial Mkt Val: $197,007 Final Mkt Val: $222,645
$240k

230

220

210

200

190
Calendar Returns +/- Benchmark in %
10.0%
8.0
6.0
4.0
2.0
Bmark
-2.0
2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD

Trailing Returns* Portfolio % +/- Benchmark Trailing Returns* Best % Worst %

3 Month -1.90 -0.57 3 Month 4.83 ( Apr 2020-Jun 2020 ) -4.80 ( Jan 2020-Mar 2020 )
6 Month -0.91 -0.82 6 Month 6.65 ( Apr 2020-Sep 2020 ) -7.51 ( Jan 2022-Jun 2022 )
1 Year 3.60 -1.42 1 Year 9.84 ( Apr 2020-Mar 2021 ) -6.76 ( Oct 2021-Sep 2022 )

DRAFT
3 Year 0.85 -1.36 3 Year 4.97 ( Sep 2018-Aug 2021 ) 0.06 ( Oct 2019-Sep 2022 )
5 Year 2.13 0.03 5 Year 3.13 ( Jan 2017-Dec 2021 ) 0.33 ( Oct 2013-Sep 2018 )
YTD 2.30 -1.33

Risk/Return Analysis 10-31-2023 Top 10 Holdings 10-31-2023

Portfolio Holdings Bmark 10 Year Mean Assets % Name Mean Stnd Dev
3.00 1 50.84 NEI Select Balanced RS P (CAD) — —
2.60 2 49.14 CI Money Market Fund Series A (CAD) 0.74 0.33
2.20
3 0.02 Cash - 1.000% 1.00 0.00
1.80

1.40

3 1.00
2
0.60

0.20

-0.20

-0.60

-1.00
-1.0 -0.6 -0.2 0.2 0.6 1.0 1.4 1.8 2.2 2.6 3.0 3.4 3.8 4.2 4.6

10 Year Standard Deviation

Risk and Return Statistics* 1 Yr 3 Yr 5 Yr 10 Yr MPT Statistics* 1 Yr 3 Yr 5 Yr 10 Yr

Standard Deviation 4.27 4.31 4.36 3.08 Alpha -1.37 -1.34 0.07 -0.18
Mean 3.60 0.85 2.13 1.23 Beta 1.01 1.00 1.00 1.00
Sharpe Ratio -0.20 -0.23 0.13 0.02 R-Squared 99.22 97.83 58.99 59.02
Information Ratio -2.52 -1.81 0.01 -0.10
Tracking Error 0.56 0.75 2.81 1.98

*Full return history is not available for all securities. Please see Return Participation disclosure.
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 8 of 18

Return Participation 10-31-2023

This portfolio report includes securities for which return data is not available for the entire calculated using return, including standard deviation, mean, Sharpe ratio, alpha, beta and
history represented. When return is not available for a security, the remaining securities R-squared. The following securities do not have 120 months of return data reflected in the
returns are reweighted to maintain consistent proportions for the securities that do have report.
returns. The reweighting impacts trailing return data, as well as statistics that are

Security Start Date

Morningstar Can Neu Gbl Tgt Alloc NR CAD (CAD, MSAACNGC) 06-30-2020
NEI Select Balanced RS P (CAD) 01-31-2019

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 9 of 18
®
Portfolio X-Ray : Ann Svendsen & Todd Slobogean: Todd - Open
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
$222,645.40 1.38 $3,123.63 4.07 Custom

Portfolio Holdings 10-31-2023

Total: 3 Holdings Type Fund Portfolio Date Assets % Market Value $
NEI Select Balanced RS P (CAD) MF 09-30-2023 50.84 113,186
CI Money Market Fund Series A (CAD) MF 10-31-2023 49.14 109,419
Cash - 1.000% CASH — 0.02 41

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 10 of 18

Appendix

Annual Performance History

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD
Calender Rtrn +/- Bmark% — -0.46 -0.46 -0.40 -0.39 -0.41 5.53 -0.96 -1.25 -1.56 -1.33

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 11 of 18
®
Portfolio X-Ray : Ann Svendsen & Todd Slobogean: Todd's RRIF
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
Morningstar Can FI Gbl Tgt Alloc NR
$123,610.58 1.67 $2,099.36 1.66 CAD (CAD, MSAACFIG)

Asset Allocation 10-31-2023 Stock Analysis 10-31-2023

Asset Allocation Portfolio % Bmark (%) Stock Sectors World Regions
Cash 3.75 0.00 Benchmark Americas Greater Europe Greater Asia

Sen
s
Canadian Equity 11.91 6.28 Portfolio

itiv
e
US Equity 13.49 10.00
International Equity 12.67 5.98
Fixed Income 57.58 70.66

ive
ens
Other/Not Classified 0.61 7.08

Def
Cyclical
Bond Analysis 10-31-2023
<25 25-50 50-75 >75%
Fixed-Income Sectors Portfolio (%) Bmark (%) Portfolio Bmark
⁄ Government 42.23 75.69
‹ Municipal 0.00 0.01 Portfolio (%) Bmark (%) Portfolio (%) Bmark (%)
h Cyclical 38.06 37.46 Greater Europe 15.78 16.67
› Corporate 50.37 17.95
r Basic Matls 6.57 6.34 United Kingdom 3.48 3.86
€ Securitized 4.64 6.35
t Consumer Cycl 9.40 9.54 Europe-Developed 11.57 12.46
fi Cash & Equivalents 1.10 0.00
y Financial Svs 19.75 18.94 Europe-Emerging 0.15 0.15
± Derivative 1.66 0.00
u Real Estate 2.34 2.64 Africa/Middle East 0.58 0.20
0% 10 20 30 40 50 60 70 80 90 100
j Sensitive 44.37 44.22 Greater Asia 17.05 10.06
Maturity Breakdown Credit Quality Breakdown i Commun Svs 5.69 5.34 Japan 11.19 6.96
Effective Maturity Portfolio (%) Credit Quality Portfolio (%) o Energy 9.74 8.99 Australasia 1.26 2.06
1-3 15.41 AAA 25.10 p Industrials 13.91 12.78 Asia-Developed 2.06 0.98

DRAFT
3-5 13.94 AA 21.29 a Technology 15.03 17.11 Asia-Emerging 2.54 0.06
5-7 23.15 A 18.75
k Defensive 17.57 18.32 Americas 67.17 73.28
7-10 24.25 BBB 22.41
10-15 4.79 BB 5.90 s Consumer Def 6.31 6.27 Canada 31.28 28.20
15-20 3.09 B 3.41 d Healthcare 8.46 9.19 United States 35.44 44.93
20-30 11.18 Below B 1.01 f Utilities 2.80 2.86 Latin America 0.45 0.14
>30 4.20 NR 2.13 Not Classified 0.00 0.00 Not Classified 0.00 0.00

Investment Style 10-31-2023

Fixed-Income Style Portfolio Bmark Equity Style Portfolio Bmark
Large
High

0 0 0 22 32 27
Effective Duration 6.44 — Average Market Cap ($mil) 79,384.05 80,282.28
Med

Mid

0 0 100 Effective Maturity 8.87 — 5 8 4 Price/Earnings 15.01 15.39

Average Credit Quality BBB — Price/Book 1.98 2.09
Small
Low

0 0 0 1 1 0
Price/Sales 1.55 1.59
Ltd Mod Ext Value Blend Growth
Price/Cash Flow 10.32 10.72

0-10 10-25 25-50 >50 0-10 10-25 25-50 >50

Top 10 Net Underlying Holdings 10-31-2023 Top 10 Countries 10-31-2023

Name Type Sector Country Assets % Country Portfolio %
Canada (Government of) 2.000% 12/01/2051 CAD SNR Canada 33.22
BND Government Canada 1.26
National Government(CAD)
Canada (Government of) 1.750% 12/01/2053 CAD SNR United States 30.81
BND Government Canada 0.94
National Government(CAD) Japan 4.64
Apple Inc(USD) ST Technology United States 0.81
United Kingdom 2.05
Royal Bank of Canada(CAD) ST Financial Services Canada 0.76
Switzerland 1.13
Microsoft Corp(USD) ST Technology United States 0.75
France 1.01
The Toronto-Dominion Bank(CAD) ST Financial Services Canada 0.70
Canada (Government of) 3.500% 12/01/2045 CAD PVT Germany 0.82
BND Government Canada 0.45
SNR National Government(CAD) China 0.72
Bank of Montreal(CAD) ST Financial Services Canada 0.42 Australia 0.62
Canadian Natural Resources Ltd(CAD) ST Energy Canada 0.39 Netherlands 0.54
Canada (Government of) 2.000% 06/01/2032 CAD SNR BND — Canada 0.39
National Government(CAD)

©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 12 of 18
®
Portfolio X-Ray : Ann Svendsen & Todd Slobogean: Todd's RRIF
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
Morningstar Can FI Gbl Tgt Alloc NR
$123,610.58 1.67 $2,099.36 1.66 CAD (CAD, MSAACFIG)

Performance 10-31-2023

Performance History Portfolio Benchmark Initial Mkt Val: $93,758 Final Mkt Val: $123,611
$155k

140

125

110

95

80
Calendar Returns +/- Benchmark in %
10.0%
8.0
6.0
4.0
2.0
Bmark
-2.0
2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD

Trailing Returns* Portfolio % +/- Benchmark Trailing Returns* Best % Worst %

3 Month -4.24 -1.26 3 Month 8.81 ( Apr 2020-Jun 2020 ) -8.71 ( Apr 2022-Jun 2022 )
6 Month -4.44 -1.02 6 Month 11.00 ( Apr 2020-Sep 2020 ) -13.81 ( Jan 2022-Jun 2022 )
1 Year 2.35 -0.11 1 Year 12.99 ( Feb 2014-Jan 2015 ) -12.83 ( Oct 2021-Sep 2022 )

DRAFT
3 Year -1.41 -0.08 3 Year 7.15 ( Jan 2019-Dec 2021 ) -1.56 ( Oct 2020-Sep 2023 )
5 Year 1.59 1.59 5 Year 5.10 ( Oct 2013-Sep 2018 ) 0.69 ( Nov 2017-Oct 2022 )
YTD 0.30 -0.78

Risk/Return Analysis 10-31-2023 Top 10 Holdings 10-31-2023

Portfolio Holdings Bmark 10 Year Mean Assets % Name Mean Stnd Dev
4.00 1 100.00 BMO Conservative ETF Portfolio Advisor (CAD) 2.80 6.29
3.70

3.40

3.10

1 2.80

2.50

2.20

1.90

1.60

1.30

1.00
6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 7.0 7.1 7.2 7.3 7.4

10 Year Standard Deviation

Risk and Return Statistics* 1 Yr 3 Yr 5 Yr 10 Yr MPT Statistics* 1 Yr 3 Yr 5 Yr 10 Yr

Standard Deviation 8.05 7.77 7.69 6.29 Alpha 0.38 0.64 2.60 3.42
Mean 2.35 -1.41 1.59 2.80 Beta 1.21 1.20 1.22 1.22
Sharpe Ratio -0.23 -0.39 0.03 0.28 R-Squared 97.75 96.61 62.51 46.72
Information Ratio -0.06 -0.04 0.41 0.63
Tracking Error 1.86 1.93 4.89 4.76

*Full return history is not available for all securities. Please see Return Participation disclosure.
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 13 of 18

Return Participation 10-31-2023

This portfolio report includes securities for which return data is not available for the entire calculated using return, including standard deviation, mean, Sharpe ratio, alpha, beta and
history represented. When return is not available for a security, the remaining securities R-squared. The following securities do not have 120 months of return data reflected in the
returns are reweighted to maintain consistent proportions for the securities that do have report.
returns. The reweighting impacts trailing return data, as well as statistics that are

Security Start Date

Morningstar Can FI Gbl Tgt Alloc NR CAD (CAD, MSAACFIG) 06-30-2020

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 14 of 18
®
Portfolio X-Ray : Ann Svendsen & Todd Slobogean: Todd's RRIF
Portfolio Value Avg. Fund MER (%) Est. Annual Fund Expense Portfolio Yield (%) Benchmark
Morningstar Can FI Gbl Tgt Alloc NR
$123,610.58 1.67 $2,099.36 1.66 CAD (CAD, MSAACFIG)

Portfolio Holdings 10-31-2023

Total: 1 Holding Type Fund Portfolio Date Assets % Market Value $
BMO Conservative ETF Portfolio Advisor (CAD) MF 10-31-2023 100.00 123,611

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 15 of 18

Appendix

Annual Performance History

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD
Calender Rtrn +/- Bmark% — — — — — — — — 0.73 -1.36 -0.78

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 16 of 18

Returns Disclosure

An annualized rate of return is a cumulative return for a longer period (13+ months), expressed as an equivalent annual compounded rate. Compounded rates of
return include the effects of interest-on-interest.

Annualized returns 10-31-2023

Standardized Returns (%) 1Yr 3Yr 5Yr 10Yr Since Inception Max Front Max Back MER Max
Inception Date Load % Load % Redemption %
BMO Conservative ETF Portfolio Advisor 2.35 -1.41 1.59 2.80 2.98 08-12-2013 NA NA 1.67
(CAD)
CI Money Market Fund Series A (CAD) 3.52 1.29 1.13 0.74 3.06 10-01-1990 NA NA 0.77
NEI Select Balanced RS P (CAD) 3.51 0.26 — — 2.38 12-03-2018 NA NA 1.97
Morningstar CAD O/N Cash GR CAD 4.61 1.95 1.66 1.21 2.01 08-01-2021
(CAD)
Morningstar Can FI Gbl Tgt Alloc NR 2.46 -1.33 2.09 3.26 4.32 06-30-2020
CAD (CAD, MSAACFIG)
Morningstar Can Neu Gbl Tgt Alloc NR 5.27 2.28 4.45 5.41 4.89 06-30-2020
CAD (CAD, MSAACNGC)

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 17 of 18

General Disclosure

The information provided herein is provided by Morningstar, not Assante Wealth Management (Canada) Ltd.. or its affiliates (“Assante”), and does
not constitute investment advice offered by Assante. Assante is not responsible for any trading decisions, damages or other losses resulting from
or relating to any information provided herein or its use. The Assante name and logo are registered trademarks.

DRAFT
©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.
Release date 10-31-2023 Page 18 of 18

the impact of sales charges but not taxes). Note that in some scheduled
Portfolio X-Ray Report portfolio illustrations, dividends and capital gains distributions, if applicable, are
reinvested at the end of the month in which they are made at the month-end
Disclosure Statement closing price.

This report summarizes the composition characteristics of an investment Both scheduled and unscheduled portfolios are theoretical, are for illustrative
portfolio. It considers broad asset allocation and regional exposures, security purposes only and are not reflective of an investor's actual experience.
style, and sector exposure to provide a variety of ways for considering the level Performance data given represents past performance and should not be
of diversification within a portfolio, its potential riskiness, and its possible considered indicative of future results.
behaviour in the future. The weighting of the portfolio in various asset classes,
including "Other" is shown in this graph and table. "Other" includes security For mutual funds, total return is not adjusted for sales charges and reflects all
types that are not neatly classified in the other asset classes, such as ongoing fund expenses for various time periods. These returns assume
convertible bonds and preferred stocks. reinvestment of distributions. If adjusted for sales charges and the effects of
taxation, the mutual fund returns would be reduced. For ETFs, total returns are
Average Fund MER is a weighted average calculation based on reported calculated based on its market price as of the end of the business day for the
management expense ratios of the underlying retail, F-class, segregated, and period noted and does not include any fee or expenses incurred in buying or
exchange traded fund investments (ETFs) in the portfolio. All other non- selling such a security like brokerage commission.
applicable security types, as well as, funds for which management expense
ratio data is not available, are excluded from the weighted calculation. Stocks, ETFs and mutual funds are not guaranteed, their values change
Estimated Annual Fund Expense is the sum of all available calculated expenses frequently and they are not covered by the Canada Deposit Insurance
paid for individual fund investments in the portfolio. Corporation or by any other government deposit insurer.

Investment portfolios illustrated in this report can be scheduled or unscheduled. The information in this report contains or is derived from the most recent
Reports generated from the Clients and Portfolios Module and Planning information available to Morningstar from publicly available sources, third party
Modules are unscheduled - the user inputs only the portfolio holdings and their providers and/or account information provided by your financial advisor, and all
current allocations. such information may or may not be an accurate reflection of current data. There
is no assurance that the information will remain the same.

DRAFT
Reports generated from the Hypothetical Illustrator Module are scheduled - the
user inputs the start date and amount for all investments into and withdrawals Morningstar cannot and does not verify any of the information and Morningstar
from each holding, as well as tax rates, loads, and other factors that would have does not provide any warranty, express or implied, regarding or assume any
affected portfolio performance. liability in respect of the correctness, completeness or accuracy of such
information.
Unscheduled Portfolio Returns
When used as supplemental sales literature, the Portfolio X-Ray Report must be
Monthly total returns for unscheduled portfolios are calculated by applying the preceded or accompanied by the fund/policy's current prospectus, Fund Facts or
ending period holding weightings supplied by the user to an individual holding's equivalent; please read these documents carefully before investing. In all cases,
monthly returns. this disclosure statement should accompany the Portfolio X-Ray Report.

In terms of security start date, users can choose between earliest common and
earliest available. The earliest common option defaults performance to the first
month that all the holdings have inception dates. For example, if Holding A
began in 01/01/1985 and Holding B began in 01/01/1990, the earliest common
date is 01/01/1990 and portfolio performance would default to this start date.

The earliest available option uses the earliest price date we have available for
each holding. Morningstar has information dating back to inception for most
mutual funds in our database. Investments cannot be scheduled to start before
this date. Morningstar calculates returns using the given allocations assuming
monthly rebalancing and portfolio performance defaults to the earliest price
date we have available for each holding. Taxes, loads, and sales charges are not
taken into account.

Scheduled Portfolio Trailing Returns

Scheduled Portfolios are customized by the user to account for loads, taxes,
cash flows and specific investment dates. Scheduled portfolios use the
portfolio's investment history to calculate final market values and returns. For
scheduled portfolios, both individual holdings and portfolio returns are internal
rate-of-return calculations that reflect the timing and dollar size of all purchases
and sales. For stocks and mutual funds, sales charges and tax rates are taken
into account as specified by the user (except in the pre-tax returns, which reflect

©2023 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. The information, data, analyses and
opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial professional which cannot be verified by
Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security,
and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this
information, data, analyses or opinions or their use. Opinions expressed are as of the date written and are subject to change without notice. Investment research is produced and issued by subsidiaries of Morningstar, Inc.
including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission. This report is supplemental sales literature. If applicable it must be preceded
or accompanied by a prospectus, or equivalent, and disclosure statement. Please see important disclosures at the end of this report.