NexGen Canadian Bond Funds

Why Add Bonds to Your Portfolio? Adding bonds to a portfolio can lower risk by providing added stability Low correlation to equities − 5-year correlation of 0.021 Lower volatility than equities Source: Bloomberg 1 Source: Morningstar as of February 2017. Correlation of S&P/TSX Composite Index and FTSE TMX Canada Universe Bond Index

NexGen Canadian Bond Funds* Objective Pursues a steady flow of income while preserving capital primarily through investments in Canadian fixed income securities. Strategy Invests directly in fixed income securities such as bonds issued or guaranteed by Canadian governments, corporate debentures, mortgage backed and asset backed securities with maturity dates in excess of one year. Multi-strategy investment approach that incorporates analysis through sector allocation, security selection, yield curve positioning, interest rate anticipation and preferred shares. Benchmark FTSE TMX Canada Universe Bond Index *Refers to NexGen Canadian Bond Tax Managed Fund and NexGen Canadian Bond Fund. The NexGen Canadian Bond Fund is sub-advised by J. Zechner Associates Inc. Effective June 13, 2016, the Tax Managed Fund invests substantially all of its portfolio assets in units of the NexGen Canadian Bond Fund.

J. Zechner Associates Inc. Founded in 1993 − 100% employee-owned Focused on clients’ portfolios with non-bureaucratic and nimble structure Capacity to add assets without compromising style and service quality

Canadian Bond Investment Team Jeff Herold, CFA CEO, Lead Fixed Income Manager 38 years investment experience Experience in fixed income markets spans several cycles & underlies his multi-strategy approach to managing fixed income portfolios Dax Letham, CFA CIO 18 years investment experience Previously worked at SEI Investments, helping manage $1B+ in fixed income assets Ian Clare, CFA Analyst 15+ years of fixed income experience Previous work experience includes Bank of Montreal and pension plan managers Other funds sub-advised by J. Zechner Associates NexGen Canadian Cash Funds NexGen Canadian Preferred Share Funds NexGen Intrinsic Balanced Funds* *Fixed income component only

Investment Process A robust, multi-strategy approach to managing fixed income investments seeking reduced volatility and improved returns.

Active Management Advantage Potential to outperform the benchmark More concentrated portfolio Can overweight undervalued sectors Can invest in attractive securities not included in the FTSE TMX Canada Universe e.g. NHA MBS, maple bonds, stripped coupons, real return bonds, NVCC bank debt, high yield issues Credit analysis to protect capital value Use of cash equivalents as defensive strategy

NexGen Canadian Bond Funds: Portfolio Characteristics & Allocations As of March 31, 2017 Credit Quality Maturity Range Characteristics Yield to Maturity 2.4% Current Yield 3.3% Duration (Y) 7.1 Average Maturity (Y) 9.1 Asset Allocation Fixed Income 94.2% Cash & Equivalents1 4.8% Preferred Shares 1.0% Geographic Allocation Canada 98.5% United States 1.5% 1 Cash & equivalents includes cash, short-term investments and working capital.

NexGen Canadian Bond Funds: Portfolio Allocations As of March 31, 2017 Top 10 Investments Name % of NAV British Columbia Prov Of 5.70% 06/18/2029 6.5% Canadian Government 5.75% 06/01/2029 6.4% Canada Housing Trust 1.75% 06/15/2018 6.3% Canada Housing Trust 1.90% 09/15/2026 6.2% Ontario (Province Of) 2.60% 06/02/2025 5.8% Canadian Government Rrb 4.25% 12/01/2026 5.3% Cash & Equivalents1 4.8% Province Of Quebec 2.50% 09/01/2026 4.5% Canada Housing Trust 2.90% 06/15/2024 3.8% Province Of Quebec 5.00% 12/01/2038 3.1% Sector Allocation Corporate Bonds 44.0% Municipal Bonds 25.0% Federal Bonds 16.3% Provincial Bonds 7.6% Cash & Equivalents1 4.8% Asset Backed Securities 1.3% Financials 1.0% 1 Cash & equivalents includes cash, short-term investments and working capital.

NexGen Canadian Bond Funds: Performance As of March 31, 2017 1 month 3 month 6 month 1 year 3 year 5 Year 10 Year SI* Tax Managed 0.3% 1.2% -2.2% 1.4% 2.3% 2.1% 3.6% 3.7% NexGen Canadian Bond Fund 0.2% -2.3% 2.4% 2009 2010 2011 2012 2013 2014 2015 2016 Tax Managed 8.5% 5.0% 5.4% 3.6% -2.7% 6.8% 1.1% 1.0% NexGen Canadian Bond Fund 8.1% 5.3% 6.7% 1.2% *Since Inception: September 5, 2006. Performance for the Tax Managed Fund is for the Capital Gains Class, Front End Load, Regular Series Performance for the NexGen Canadian Bond Fund is for the Front End Load, Regular Series

Why NexGen Canadian Bond Funds? Core Canadian Fixed Income Holding The fund holds primarily investment grade fixed income securities, making it an ideal core fixed income solution for Canadian investors. Conservative, Experienced Management The portfolio management team has over 80 years of combined investment management experience. With experience managing institutional, pension and high-net worth investments, they aim to provide strong, long-term results through a consistent strategy. Tax Advantage Interest income is taxed at the highest rate of all income. The NexGen Canadian Bond Tax Managed Fund is structured on a tax preferred basis, giving investors the power to choose their preferred income stream.

Disclaimer Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. This material may not be distributed, published, or reproduced, in whole or in part. Although NGAM Canada LP believes the information provided in this material to be reliable, it does not guarantee the accuracy, adequacy or completeness of such information. NGAM Canada LP is the manager of the Fund and is an affiliate of Natixis Global Asset Management S.A. NATIXIS GLOBAL ASSET MANAGEMENT Natixis Global Asset Management serves thoughtful investment professionals with more insightful ways to understand and manage risk. Through our Durable Portfolio Construction® approach, we help them construct more strategic portfolios that seek to produce better outcomes in today’s unpredictable markets. We draw from deep investor and industry insights and partner closely with our clients to put objective data behind the discussion. Natixis is ranked among the world’s largest asset management firms.1 Uniting over 20 specialized investment managers globally ($877.1 billion AUM2), we bring a diverse range of solutions tailored to meet to every strategic challenge. From insight to action, Natixis helps our clients better serve their own with more durable portfolios. 1. Cerulli Quantitative Update: Global Markets 2016 ranked Natixis Global Asset Management, S.A. as the 16th largest asset manager in the world based on assets under management as of December 31, 2015. 2. As of December 31, 2016. NGAM Canada LP ngam.natixis.ca March 2017