Mutual Fund Benchmarks as of January 31, 2014

Index Total Return Average Annual Compound Return
1 mo. 3 mo. 6 mo. 1 yr. 2 yrs. 3 yrs. 5 yrs. 10 yrs.
Note: All Benchmarks are expressed in Canadian Dollars.
Source: Datastream, ScotiaMcLeod, Frank Russell Canada, Morgan Stanley Capital Int'l.
BMO Nesbitt Burns Cdn Small Cap Index 2.6 6.3 13.1 7.4 2.3 -0.9 18.1 7.1
Barclays Capital Multiverse Index TR C$ 6.9 7.5 10.5 11.0 6.3---
Blend: 40% S&P5, 10% S&PT, 50% BarcMV 3.0 6.7 12.3 19.9 13.6---
Blend: MLI GEM Balanced 1.4 3.7 9.4 12.3 9.5 6.5 10.7-
Blend: MLI Multi-Manager Balanced 0.2 2.5 7.9 11.5 9.4 6.8 10.2 6.1
Blend: MLI TD Dividend Growth -0.6 2.4 11.2 14.5 14.1 8.8 16.0-
CPI - All Items -0.2 -0.5 -0.2 1.2 1.0 1.4 1.7 1.7
Canada Savings Bonds Index 0.0 0.1 0.2 0.5 0.5 0.5 0.7 1.4
Citigroup World Government Bond Index 6.3 6.1 10.3 10.0 4.1 5.4 1.3 2.4
DEX Universe Bond Index 0.2 -0.4 0.7 -0.2 1.0 4.2 5.0 5.0
FTSE EPRA/NAREIT Developed Index 8.9 7.3 13.3 17.2 19.9 13.0 17.7 6.8
HANG SENG Total Return Index -0.9 1.4 9.1 3.5 9.5 1.7 8.3 3.4
JP Morgan Global Government Bond Index 6.7 6.4 10.5 10.0 3.9 5.6 1.4 2.6
MLI Blend 70% DEX Uni TR/30% TSX TR 0.4 0.7 3.7 3.2 3.2 4.1 7.5 6.1
MSCI All Country World Index ($Cdn) 0.7 5.9 15.0 25.8 19.9 11.7 13.6 4.5
MSCI EAFE ($ Cdn) 0.3 4.7 16.3 25.1 21.0 10.1 12.0 4.9
MSCI Emerging Markets Free ($ Cdn) 0.2 -0.8 10.4 2.4 4.8 0.9 12.7 8.5
MSCI Europe ($ Cdn) 0.9 6.4 19.1 27.7 24.2 11.7 13.4 5.5
MSCI Japan ($ Cdn) 0.9 5.2 13.2 31.8 18.8 8.2 6.2 2.0
MSCI World ($ Cdn) 0.7 6.8 15.8 29.9 22.7 13.8 14.5 5.1
MSCI World (Net of With. taxes - $Cdn) 1.3 7.2 16.1 29.8 22.4 13.4 13.9 4.6
NASDAQ Composite ($ Cdn) 2.7 11.6 22.3 45.3 27.0 19.0 20.1 5.2
NIKKEI 225 Total Return Index ($ Cdn) -1.0 7.1 14.1 33.7 18.7 9.3 8.1 1.9
Russell 2500 ($Cdn) 2.2 9.7 17.5 39.2 27.8 18.9 20.9 7.3
S&P 500 Composite ($ Cdn) 0.8 8.2 14.3 32.4 22.6 15.4 14.2 2.8
S&P/TSX 60 Capped Total Return Index 0.5 3.1 11.6 11.4 8.6 3.3 11.7 7.8
S&P/TSX Capped Composite Total Return 0.8 3.3 11.4 11.4 8.2 3.3 12.8 7.7
S&P/TSX Dividend Composite -0.5 1.5 8.9 7.0 5.1 1.1--
S&P/TSX Equity Income Index -1.3 -0.1 4.3 5.1 4.5 2.4--
S&P/TSX Small Cap 1.5 3.8 11.1 3.4 -3.7 -6.1 11.1 0.4
S&P/TSX Small Cap Total Return 1.7 4.6 12.9 6.6 -0.9 -3.4 14.4-
S&P/TSX Total Return 0.8 3.3 11.4 11.4 8.2 3.3 12.8 7.7
Treasury Bill Interest Option 0.1 0.2 0.5 1.0 1.0 1.0 0.8 2.1
1-Year Average GIC Index 0.1 0.2 0.4 0.8 0.9 0.9 0.7 1.4
5-Year Average GIC Index 0.1 0.4 0.8 1.6 1.6 1.7 1.8 2.4
70% MSCI World Index, 30% DEX Uni Bnd TR 0.5 4.6 11.0 20.1 15.9 10.9 11.7 5.2
91 Day Treasury Bill Index 0.1 0.2 0.5 1.0 1.0 1.0 0.8 2.0