Dynamic Active Conservative ETF Portfolio

YTD	2023	2022	2021	2020	2019	2018	2017	2016
8.9	—	—	—	—	—	—	—	—

1 month	3 months	6 months	1 year	3 years	5 years	10 years	Inception
2.2	2.7	6.3	11.4	—	—	—	11.6

value	holding
20.5%	Corporate Bonds - CDN
18.5%	Common Stocks-US
17.5%	Foreign Bonds & Debentures
11.1%	Common Stocks-Foreign
9.6%	Federal Govt Bonds - CDN
8.6%	Common Stocks-CDN
7.0%	Provincial Govt Bonds - CDN
5.6%	Cash, Short-Term Investments & Other Net Assets
1.6%	Canadian - Foreign Pay Bonds

Microsoft Corporation	1.6
NVIDIA Corporation	0.9
Visa Inc., Class "A"	0.9
Amazon.com, Inc.	0.9
Enbridge Inc.	0.8
Apple Inc.	0.7
Alphabet Inc., Class "C"	0.7
Power Corporation of Canada	0.6
Medtronic PLC	0.6
Progressive Corporation (The)	0.5
Total allocation in top holdings	8.2

Province of Ontario, 3.80% Dec. 02 34	3.4
Government of Canada, 3.250% Dec. 01 34	3.0
Canada Housing Trust, 4.150% Jun. 15 33	2.9
Bank of Montreal, 4.537% Dec. 18 28	0.8
Government of Canada, 0.50% Dec. 01 30	0.7
Rogers Communications Inc., 2.90% Dec. 09 30	0.6
Bank of Nova Scotia (The), 3.870% Sep. 26 30	0.6
Canada Housing Trust, 4.250% Mar. 15 34	0.6
Goldman Sachs Group, Inc. (The), 2.013% Feb. 28 29	0.6
AtkinsRéalis Group Inc., 5.70% Mar. 26 29	0.5
Total allocation in top holdings	13.7

Dynamic Active Tactical Bond ETF	19.3
Dynamic Active Global Equity Income ETF	12.6
Dynamic Active Discount Bond ETF	12.0
Dynamic Active U.S. Investment Grade Corporate Bond ETF	12.0
Dynamic Active Canadian Dividend ETF	9.8
Dynamic Active U.S. Equity ETF	9.1
Dynamic Active Canadian Bond ETF	9.0
Dynamic Active Crossover Bond ETF	7.1
Dynamic Active International Dividend ETF	6.7
Dynamic Active Emerging Markets ETF	1.2

holding	val
Dynamic Active Tactical Bond ETF	19.3
Dynamic Active Global Equity Income ETF	12.6
Dynamic Active Discount Bond ETF	12.0
Dynamic Active U.S. Investment Grade Corporate Bond ETF	12.0
Dynamic Active Canadian Dividend ETF	9.8
Dynamic Active U.S. Equity ETF	9.1
Dynamic Active Canadian Bond ETF	9.0
Dynamic Active Crossover Bond ETF	7.1
Dynamic Active International Dividend ETF	6.7
Dynamic Active Emerging Markets ETF	1.2

^1. Risk rating measures the degree of uncertainty that an investor can handle regarding fluctuations in the value of their portfolio. The amount of risk associated with any particular investment depends largely on your own personal circumstances including your time horizon, liquidity needs, portfolio size, income, investment knowledge and attitude toward price fluctuations. Investors should consult their financial advisor before making a decision as to whether this mutual fund is a suitable investment for them.

^. 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 units [share] value and reinvestment of all distributions [dividends] and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the mutual fund or returns on investment in the mutual fund. Investments in mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

^. Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value of any mutual fund or returns on investment in any mutual fund.