TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight BP PLC 0.02% CALTEX AUSTRALIA LTD 0.03% IDEMITSU KOSAN CO LTD 0.31% HOLDINGS INC 0.03% JX HOLDINGS INC 0.07% NESTE OIL OYJ 1.27% OMV AG 0.07% SANTOS LTD 0.06% SBM OFFSHORE NV 0.16% TULLOW OIL PLC 0.03% WOOD GROUP (JOHN) PLC 0.03% AIR LIQUIDE 0.21% AKZO NOBEL 0.14% ALUMINA LTD 0.03% AMCOR PLC-CDI 0.09% CORP 0.04% AVON RESOURCES LTD 0.65% BORAL LTD 0.03% CHR HANSEN HOLDING A/S 0.06% DAICEL CHEMICAL INDUSTRIES 0.02% CO LTD 0.01% EMS-CHEMIE HOLDING AG-REG 0.03% FORTESCUE METALS GROUP LTD 0.69% FUCHS PETROLUB AG -PFD 0.02% GIVAUDAN-REG 0.16% CHEMICAL CO LTD 0.02% HUHTAMAKI OYJ 0.03% ISRAEL CHEMICALS LTD 0.03% JAMES HARDIE INDUSTRIES-CDI 0.04% JFE HOLDINGS INC 0.03% K+S AG 0.01% KANSAI PAINT CO LTD 0.03% LTD 0.01% CO LTD 0.03%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight MARUICHI STEEL TUBE LTD 0.01% MINERAL RESOURCES LTD 0.01% CORP 0.02% NEWCREST MINING LTD 1.65% CO LTD 0.01% CO L 0.01% NIPPON SHOKUBAI CO LTD 0.01% CORP 0.03% NOF CORP 0.02% NORSK HYDRO ASA 0.03% NORTHERN STAR RESOURCES LTD 0.71% NOVOZYMES A/S-B SHARES 0.07% OJI PAPER CO LTD 0.04% ORICA LTD 0.04% ORORA LTD 0.02% SARACEN MINERAL HOLDINGS LTD 0.29% SMURFIT KAPPA GROUP PLC 0.05% SOUTH32 LTD 0.07% SYMRISE AG 0.08% TAIYO NIPPON SANSO CORP 0.02% THYSSENKRUPP AG 0.05% TOYO SEIKAN KAISHA LTD 0.02% WIENERBERGER AG 0.02% A P MOLLER - MAERSK A/S - B 0.02% ADP 0.04% AENA SA 0.10% ALFA LAVAL AB 0.05% CO LTD 0.07% ANDRITZ AG 0.02% ASSA ABLOY AB-B 0.15% ATLANTIA SPA 0.16% AUCKLAND INTL AIRPORT LTD 0.02% AURIZON HOLDINGS LTD 0.05% BRAMBLES LTD 0.09% BRENNTAG AG 0.04% BRITISH AIRWAYS PLC 0.08% BUNZL PLC 0.06%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight BUREAU VERITAS SA 0.04% CENTRAL RAILWAY CO 0.24% CIMIC GROUP LTD 0.02% CK HUTCHISON HOLDINGS LTD 0.18% CLEANAWAY WASTE MANAGEMENT L 0.02% COBHAM PLC 0.43% COMFORTDELGRO CORP LTD 0.13% HOLDINGS CORP 0.02% DASSAULT AVIATION SA 0.02% DEUTSCHE LUFTHANSA-REG 0.12% DSV A/S 0.10% EAST JAPAN RAILWAY CO 0.23% EASYJET PLC 0.26% EDENRED 0.08% ELIS SA 0.03% EPIROC AB-A 0.06% EPIROC AB-B 0.02% FERGUSON PLC 0.04% FERROVIAL SA 0.03% FISCHER (GEORG)-REG 0.03% FLUGHAFEN ZUERICH AG-REG 0.02% FRAPORT AG 0.02% G4S PLC 0.06% GEA GROUP AG 0.03% GEBERIT AG-REG 0.12% GETLINK SE 0.14% HANKYU HANSHIN HOLDINGS INC 0.06% HOCHTIEF AG 0.03% HOMESERVE PLC 0.03% HOSHIZAKI CORP 0.39% HOWDEN JOINERY GROUP PLC 0.05% IHI CORP 0.02% IMI PLC 0.02% INTERTEK GROUP PLC 0.08% ISS A/S 0.04% CORP 0.12% JAPAN AIRLINES CO LTD 0.08%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight JARDINE MATHESON HLDGS LTD 0.85% JARDINE STRATEGIC HLDGS LTD 0.49% JGC CORP 0.02% JS GROUP CORP 0.03% KAMIGUMI CO LTD 0.02% KEIHAN ELECTRIC RAILWAY CO 0.03% KEIO CORP 0.05% CO 0.04% KINDEN CORP 0.01% KINGSPAN GROUP PLC 0.06% KINTETSU CORP 0.06% KION GROUP AG 0.03% KONE OYJ-B 0.15% KUEHNE & NAGEL INTL AG-REG 0.06% KYOWA EXEO CORP 0.01% KYUSHU RAILWAY COMPANY 0.03% MACQUARIE ATLAS ROADS GROUP 0.02% MEGGITT PLC 0.04% MITSUBISHI HEAVY INDUSTRIES 0.09% MONOTARO CO LTD 0.02% MTR CORP 0.07% MTU AERO ENGINES HOLDING AG 0.05% NAGOYA RAILROAD CO LTD 0.04% NANKAI ELECTRIC RAILWAY CO 0.02% NWS HOLDINGS LTD 0.18% OBAYASHI CORP 0.04% CO 0.06% OSRAM LICHT AG 0.30% PARK24 CO LTD 0.18% PHILIPS LIGHTING NV 0.36% QANTAS AIRWAYS LTD 0.04% QUBE LOGISTICS HOLDINGS LTD 0.02% RECRUIT HOLDINGS CO LTD 0.12% REED ELSEVIER PLC 0.33% RELIANCE WORLDWIDE CORP LTD 0.27% RENTOKIL INITIAL PLC 0.07% ROTORK PLC 0.02%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight ROYAL MAIL PLC 0.34% SANKYU INC 0.02% SATS LTD 0.06% CO LTD 0.13% SEEK LTD 0.03% SEIBU HOLDINGS INC 0.03% SEINO HOLDINGS CO LTD 0.01% SEMBCORP INDUSTRIES LTD 0.01% SG HOLDINGS CO LTD 0.03% SGS SA-REG 0.03% SHIMIZU CORP 0.03% SIEMENS GAMESA RENEWABLE ENE 0.14% SINGAPORE AIRLINES LTD 0.03% SINGAPORE TECHNOLOGIES ENG 0.03% SKANSKA AB-B SHS 0.05% SMITHS GROUP PLC 0.02% SOHGO SECURITY SERVICES CO 0.02% SOTETSU HOLDINGS INC 0.02% SPIRAX-SARCO ENGINEERING PLC 0.04% SYDNEY AIRPORT 0.09% TAISEI CORP 0.05% TECHTRONIC INDUSTRIES CO 0.87% TELEPERFORMANCE 0.03% CO LTD 0.04% TOKYU CORP 0.07% TOMRA SYSTEMS ASA 0.02% TRANSURBAN GROUP 0.19% TRAVIS PERKINS PLC 0.06% VALMET CORP 0.02% VESTAS WIND SYSTEMS A/S 0.62% WEST JAPAN RAILWAY CO 0.10% WOLTERS KLUWER 0.09% YAMATO HOLDINGS CO LTD 0.14% YANGZIJIANG SHIPBUILDING 0.06% ABC-MART INC 0.28% ACCOR SA 0.06% ADIDAS AG 0.49%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight ASICS CORP 0.13% B&M EUROPEAN VALUE RETAIL SA 0.03% BARRATT DEVELOPMENTS PLC 0.05% BAYERISCHE MOTOREN WERKE AG 0.17% BAYERISCHE MOTOREN WERKE-PFD 0.02% BELLWAY PLC 0.03% BENESSE HOLDINGS INC 0.01% BERKELEY GROUP HOLDINGS/THE 0.05% CORP 0.07% BURBERRY GROUP PLC 0.07% CARNIVAL PLC 0.05% COMPASS GROUP PLC 0.32% CONTINENTAL AG 0.11% DELIVERY HERO AG 0.01% DOMINO'S PIZZA ENTERPRISES L 0.21% ECHO ENTERTAINMENT GROUP LTD 0.02% ELECTROLUX AB-SER B 0.04% ESSILORLUXOTTICA 0.26% CO LTD 0.34% FIAT CHRYSLER AUTOMOBILES NV 0.11% FUJI HEAVY INDUSTRIES LTD 0.10% GALAXY ENTERTAINMENT GROUP L 0.09% GENTING SINGAPORE PLC 0.03% GREGGS PLC 0.06% GVC HOLDINGS PLC 0.03% HENNES & MAURITZ AB-B SHS 0.28% HERMES INTERNATIONAL 0.16% HIKARI TSUSHIN INC 0.03% HUGO BOSS AG -ORD 0.03% HUSQVARNA AB-B SHS 0.03% INCHCAPE PLC 0.03% INDITEX 0.23% ISETAN MITSUKOSHI HOLDINGS L 0.02% IZUMI CO LTD 0.01% J FRONT RETAILING CO LTD 0.02% JARDINE CYCLE & CARRIAGE LTD 0.02% JB HI-FI LTD 0.01%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight JD SPORTS FASHION PLC 0.02% JUST EAT PLC 0.04% K'S HOLDINGS CORP 0.25% KINGFISHER PLC 0.12% MARKS & SPENCER GROUP PLC 0.03% GROUP CO LTD 0.03% MOTOR CORP 0.04% MELCO CROWN ENTERTAINME-ADR 0.01% MICHELIN (CGDE)-B 0.16% MINTH GROUP LTD 0.19% CORP 0.04% NAMCO BANDAI HOLDINGS INC 0.62% NEXT PLC 0.62% MOTOR CO LTD 0.12% NITORI CO LTD 0.82% NOKIAN RENKAAT OYJ 0.03% OCADO GROUP PLC 0.49% ORIENTAL LAND CO LTD 0.57% PADDY POWER BETFAIR PLC GBP 0.04% PAN PACIFIC INTERNATIONAL HO 0.49% PANDORA A/S 0.49% PERSIMMON PLC 0.06% PEUGEOT SA 0.10% PRADA S.P.A. 0.22% RAKUTEN INC 0.07% RINNAI CORP 0.01% RYOHIN KEIKAKU CO LTD 0.13% SAMSONITE INTERNATIONAL SA 0.27% SANKYO CO LTD 0.09% SEB SA 0.03% SEGA SAMMY HOLDINGS INC 0.14% LTD 0.06% SHANGRI-LA ASIA LTD 0.02% SHIMAMURA CO LTD 0.25% SHIMANO INC 0.08% SJM HOLDINGS LTD 0.01% SKYLARK CO LTD 0.46%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight SODEXHO ALLIANCE SA 0.07% CORP 0.05% SSP GROUP PLC 0.03% MOTOR CORP 0.44% TABCORP HOLDINGS LTD 0.04% CO LTD 0.02% TAKEAWAY.COM HOLDING BV 0.07% TAYLOR WIMPEY PLC 0.05% TUI AG-DI 0.03% VALEO SA 0.05% WESFARMERS LTD 0.20% WHITBREAD PLC 0.07% WYNN MACAU LTD 0.02% XINYI GLASS HOLDINGS LTD 0.26% YAMADA DENKI CO LTD 0.18% YAMAHA MOTOR CO LTD 0.04% YUE YUEN INDUSTRIAL HLDG 0.30% ZALANDO SE 0.34% ZENSHO CO LTD 0.17% ZOZO INC 0.11% A2 MILK CO LTD NZ 0.77% AARHUSKARLSHAMN AB 0.02% AEON CO LTD 0.08% AIN PHARMACIEZ INC 0.22% CO INC 0.07% ANHEUSER-BUSCH INBEV SA/NV 0.47% LTD 0.13% ASSOCIATED BRITISH FOODS PLC 0.08% BARRY CALLEBAUT AG-REG 0.03% BEIERSDORF AG 0.09% BRITVIC PLC 0.02% CALBEE INC 0.09% CARLSBERG AS-B 0.10% CARREFOUR SA 0.22% COCA-COLA AMATIL LTD 0.02% COCA-COLA HBC AG-CDI 0.05% COCA-COLA WEST HOLDINGS CO L 0.34%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight COLRUYT SA 0.13% COSMOS PHARMACEUTICAL CORP 0.18% DAIRY FARM INTL HLDGS LTD 0.30% DANONE 0.20% DAVIDE CAMPARI-MILANO SPA 0.04% DIAGEO PLC 0.38% ESSITY AKTIEBOLAG-B 0.13% EZAKI GLICO CO LTD 0.30% FAMILYMART CO LTD 0.75% FANCL CORP 0.01% GLANBIA PLC 0.46% GROWELL HOLDINGS CO LTD 0.01% HEINEKEN HOLDING NV 0.07% HEINEKEN NV 0.15% HENKEL KGAA 0.06% HENKEL KGAA-VORZUG 0.09% HOUSE FOODS CORPORATION 0.02% ICA GRUPPEN AB 0.27% ITO EN LTD 0.02% JERONIMO MARTINS 0.10% KAO CORP 0.25% KERRY GROUP PLC-A 1.33% KESKO OYJ-B SHS 0.07% KEWPIE CORP 0.02% KIRIN HOLDINGS CO LTD 0.13% KONINKLIJKE AHOLD NV 0.40% L'OREAL 0.28% LAWSON INC 0.32% LINDT & SPRUENGLI AG-PC 0.16% LINDT & SPRUENGLI AG-REG 0.27% LION CORP 0.38% CO LTD 0.07% METCASH LTD 0.17% METRO AG 0.43% MORINAGA & CO LTD 0.24% MORRISON SUPERMARKETS 0.04% MOWI ASA 0.12%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight NESTLE SA-REG 1.49% NH FOODS LTD 0.14% CORP 0.31% NISSIN FOOD PRODUCTS CO LTD 0.02% ORKLA ASA 0.15% PERNOD-RICARD SA 0.22% POLA ORBIS HOLDINGS INC 0.01% RECKITT BENCKISER GROUP PLC 0.43% REMY COINTREAU 0.02% ROYAL UNIBREW 0.23% SAINSBURY (J) PLC 0.25% SEVEN & I HOLDINGS CO LTD 0.18% CO LTD 0.12% SUN ART RETAIL GROUP LTD 0.23% SUNDRUG CO LTD 0.01% SUNTORY BEVERAGE & FOOD LTD 0.04% INC 0.12% TATE & LYLE PLC 0.11% TESCO PLC 0.21% TOYO SUISAN KAISHA LTD 0.05% TREASURY WINE ESTATES LTD 0.05% TSURUHA HOLDINGS INC 0.02% UNICHARM CORP 0.08% UNILEVER NV-CVA 0.54% UNILEVER PLC 0.48% VITASOY INTL HOLDINGS LTD 0.28% WH GROUP LTD 1.22% WILMAR INTERNATIONAL LTD 0.04% WOOLWORTHS LTD 0.20% YAKULT HONSHA CO LTD 0.05% YAMAZAKI BAKING CO LTD 0.18% AMARIN CORP PLC -ADR 0.89% AMBU A/S-B 0.34% ANSELL LTD 0.02% ARGENX SE 0.03% ASAHI INTECC CO LTD 0.14% ASCENDIS PHARMA A/S - ADR 0.50%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight INC 0.16% ASTRAZENECA PLC 0.81% BIOMERIEUX 0.02% CARL ZEISS MEDITEC AG - BR 0.03% CHUGAI PHARMACEUTICAL CO LTD 0.02% COCHLEAR LTD 0.11% COLOPLAST-B 0.22% CSL LTD 0.47% CO LTD 0.22% DECHRA PHARMACEUTICALS PLC 0.02% CO LTD 0.11% ELEKTA AB-B SHS 0.24% EUROFINS SCIENTIFIC 0.04% FISHER & PAYKEL HEALTHCARE C 0.06% FRESENIUS MEDICAL CARE AG 0.15% FRESENIUS SE 0.16% GENMAB A/S 0.08% GLAXOSMITHKLINE PLC 0.70% GN STORE NORD A/S 0.15% GRIFOLS SA 0.06% GRIFOLS SA - B 0.04% GW PHARMACEUTICALS -ADR 0.33% H LUNDBECK A/S 0.34% HIKMA PHARMACEUTICALS PLC 0.24% HOYA CORP 0.11% IPSEN 0.03% KYOWA KIRIN CO LTD 0.03% MERCK KGAA 0.09% MITSUBISHI TANABE PHARMA 0.02% NIHON KOHDEN CORP 0.31% NIPPON SHINYAKU CO LTD 0.03% NIPRO CORP 0.01% NMC HEALTH PLC 0.03% NOVARTIS AG-REG 0.59% NOVO NORDISK A/S-B 1.10% OLYMPUS CORP 0.18% ONO PHARMACEUTICAL CO LTD 0.74%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight ORION OYJ-CLASS B 0.26% OTSUKA HOLDINGS CO LTD 0.09% QIAGEN N.V. 0.05% RAMSAY HEALTH CARE LTD 0.05% ROCHE HOLDING AG-BR 0.05% ROCHE HOLDING AG-GENUSSCHEIN 1.38% SANOFI-AVENTIS 0.63% SARTORIUS STEDIM BIOTECH 0.03% SAWAI PHARMACEUTICAL CO LTD 0.03% SIEMENS HEALTHINEERS AG 0.03% SMITH & NEPHEW PLC 0.13% SONIC HEALTHCARE LTD 0.06% SONOVA HOLDING AG-REG 0.08% SUMITOMO DAINIPPON PHARMA CO 0.42% SUZUKEN CO LTD 0.03% SWEDISH ORPHAN BIOVITRUM AB 0.02% SYSMEX CORP 0.19% TAKEDA PHARMACEUTICAL CO LTD 0.38% CORP 0.14% TEVA PHARMACEUTICAL IND LTD 0.07% TSUMURA & CO 0.01% UCB SA 0.24% WILLIAM DEMANT HOLDING 0.02% ABN AMRO GROUP NV-CVA 0.07% ADMIRAL GROUP PLC 0.04% AIA GROUP LTD 0.54% AIB GROUP PLC 0.45% AMP LTD 0.03% LTD 0.02% ASR NEDERLAND NV 0.04% ASSICURAZIONI GENERALI 0.13% AUST AND NZ BANKING GROUP 0.02% AXA SA 0.14% BANCO BPM SPA 0.02% BANCO DE SABADELL SA 0.04% BANK HAPOALIM BM 0.06% BANK LEUMI LE-ISRAEL 0.08%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight BANK OF EAST ASIA 0.04% BANK OF IRELAND GROUP PLC 0.50% BANK OF QUEENSLAND LTD 0.02% BANKIA SAU 0.02% BANKINTER SA 0.03% BARCLAYS PLC 0.23% BENDIGO AND ADELAIDE BANK 0.03% CAIXABANK 0.07% CHALLENGER FINANCIAL SERVICE 0.02% CLOSE BROTHERS GROUP PLC 0.02% CNP ASSURANCES 0.01% CREDIT AGRICOLE SA 0.06% CO LTD 0.01% CREDIT SUISSE GROUP AG-REG 0.06% CYBG PLC-WI 0.05% DAI-ICHI LIFE INSURANCE 0.08% DANSKE BANK A/S 0.07% DEUTSCHE BANK AG-REGISTERED 0.03% DEUTSCHE BOERSE AG 0.18% DIRECT LINE INSURANCE GROUP 0.04% ERSTE BANK DER OESTER SPARK 0.09% EURONEXT NV 0.03% FORTIS BB 0.07% GJENSIDIGE FORSIKRING ASA 0.03% HANG SENG BANK LTD 0.13% HANNOVER RUECKVERSICHERU-REG 0.07% HARGREAVES LANSDOWN PLC 0.04% HELVETIA HOLDING AG-REG 0.03% HISCOX LTD 0.08% HSBC HOLDINGS PLC 0.57% IG GROUP HOLDINGS PLC 0.38% INSURANCE AUSTRALIA GROUP 0.09% INTESA SANPAOLO 0.21% JAPAN POST BANK CO LTD 0.03% JAPAN POST HOLDINGS CO LTD 0.11% JAPAN POST INSURANCE CO LTD 0.02% KBC GROEP NV 0.06%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight LLOYDS TSB GROUP PLC 0.36% LONDON STOCK EXCHANGE GROUP 0.07% MAN GROUP PLC/JERSEY 0.02% MAPFRE SA 0.02% MEDIBANK PRIVATE LTD 0.10% MEDIOBANCA SPA 0.06% SUMITOMO INSURANCE GR 0.11% MIZRAHI TEFAHOT BANK LTD 0.04% INC 0.12% MUENCHENER RUECKVER AG-REG 0.25% NATIONAL AUSTRALIA BANK LTD 0.09% NIB HOLDINGS LTD 0.34% NKSJ HOLDINGS INC 0.06% NN GROUP NV 0.08% NORDEA BANK ABP 0.06% POSTE ITALIANE SPA 0.03% QBE INSURANCE GROUP LTD 0.08% RAIFFEISEN INTL BANK HOLDING 0.02% INC 0.07% ROYAL BANK OF SCOTLAND GROUP 0.09% RSA INSURANCE GROUP PLC 0.05% SAMPO OYJ-A SHS 0.04% SCOR REGROUPE 0.08% SEVEN BANK LTD 0.01% SINGAPORE EXCHANGE LTD 0.03% SKANDINAVISKA ENSKILDA BAN-A 0.01% SOCIETE GENERALE 0.13% SONY FINANCIAL HOLDINGS INC 0.03% STANDARD CHARTERED PLC 0.09% STANDARD LIFE PLC 0.06% SUNCORP-METWAY LTD 0.08% SVENSKA HANDELSBANKEN-A SHS 0.05% SWEDBANK AB - A SHARES 0.10% SWISS LIFE HOLDING-REG 0.11% SWISS RE LTD 0.20% T&D HOLDINGS INC 0.04% TRYGVESTA AS 0.03%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight UBS GROUP AG 0.02% UNICREDIT SPA 0.18% UNIONE DI BANCHE ITALIANE SC 0.38% WESTPAC BANKING CORP 0.19% ZURICH FINANCIAL SERVICE-REG 0.15% AFTERPAY TOUCH GROUP LTD 0.02% ASM PACIFIC TECHNOLOGY 0.43% ASML HOLDING NV 0.07% COMPUTERSHARE LTD 0.04% DASSAULT SYSTEMES SA 0.03% ELECTROCOMPONENTS PLC 0.03% ERICSSON LM-B SHS 0.78% FUJIFILM HOLDINGS CORP 0.14% LTD 0.09% HAMAMATSU PHOTONICS KK 0.04% HIROSE ELECTRIC CO LTD 0.02% IBIDEN CO LTD 0.01% INGENICO 0.36% ITOCHU TECHNO-SOLUTIONS CORP 0.02% KEYENCE CORP 0.02% HOLDINGS INC 0.02% LINK ADMINISTRATION HOLDINGS 0.04% MICRO FOCUS INTERNATIONAL 0.91% NEC CORP 0.07% NICE SYSTEMS LTD 0.35% NIHON UNISYS LTD 0.03% NOKIA OYJ 0.19% NTT DATA CORP 0.06% OTSUKA CORP 0.18% CO LTD 0.05% SEIKO EPSON CORP 0.02% SIMCORP A/S 0.03% SPECTRIS PLC 0.10% SUMISHO COMPUTER SYSTEMS 0.01% CO LTD 0.02% VENTURE CORP LTD 0.11% WIRECARD AG 0.36%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight AUTO TRADER GROUP PLC 0.04% AXEL SPRINGER AG 0.08% BT GROUP PLC 0.17% CELLNEX TELECOM SAU 0.07% CINEWORLD GROUP PLC 0.26% DAIICHIKOSHO CO LTD 0.01% DENA CO LTD 0.10% INC 0.05% ELISA OYJ 0.13% EUTELSAT COMMUNICATIONS 0.39% FUJI TELEVISION NETWORK INC 0.30% ILIAD SA 0.02% INFORMA PLC 0.09% KAKAKU.COM INC 0.01% KDDI CORP 0.64% CORP 0.03% KONINKLIJKE KPN NV 0.08% LAGARDERE S.C.A. 0.02% NETLINK NBN TRUST 0.02% CO LTD 0.05% NINE ENTERTAINMENT CO HOLDIN 0.01% NINTENDO CO LTD 0.40% NIPPON TELEGRAPH & TELEPHONE 0.66% NIPPON TELEVISION NETWORK 0.01% NTT DOCOMO INC 0.40% ORANGE 0.09% PCCW LTD 0.31% PEARSON PLC 0.75% PROSIEBEN SAT.1 MEDIA AG-PFD 0.02% PROXIMUS 0.03% PUBLICIS GROUPE 0.08% REA GROUP LTD 0.02% RIGHTMOVE PLC 0.04% SCHIBSTED ASA-B SHS 0.02% SEA LTD-ADR 0.13% SES 0.84% SINGAPORE PRESS HOLDINGS LTD 0.02%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight SINGAPORE TELECOMMUNICATIONS 0.14% SOFTBANK GROUP CORP 0.17% SPARK NEW ZEALAND LTD 0.69% SQUARE ENIX CO LTD 0.02% SUNRISE COMMUNICATIONS GROUP 0.12% SWISSCOM AG-REG 0.09% TELE2 AB-B SHS 0.05% TELECOM ITALIA SPA 0.04% TELECOM ITALIA-RNC 0.02% TELENOR ASA 0.10% TELIASONERA AB 0.07% TELSTRA CORP LTD 0.37% CO LTD 0.03% UBISOFT ENTERTAINMENT 0.05% VIVENDI 0.14% VODAFONE GROUP PLC 0.13% WPP GROUP PLC 0.06% YAHOO JAPAN CORP 0.11% AGL ENERGY LTD 0.06% APA GROUP 0.49% CENTRICA PLC 0.49% CO INC 0.07% CK INFRASTRUCTURE HOLDINGS LTD 0.03% CONTACT ENERGY LTD 0.04% DONG ENERGY A/S 0.12% E.ON AG 0.16% EDF 0.05% EDP 0.06% ENAGAS 0.04% ENDESA SA 0.06% ENEL SPA 0.17% FORTUM OYJ 0.07% GAS NATURAL SDG SA 0.11% HONG KONG & CHINA GAS 0.21% ITALGAS SPA 0.02% KANSAI ELECTRIC POWER CO INC 0.35% KYUSHU ELECTRIC POWER CO INC 0.03%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight NATIONAL GRID PLC 0.37% CO LTD 0.05% PENNON GROUP PLC 0.10% POWER ASSETS HOLDINGS LTD 0.17% RED ELECTRICA DE ESPANA 0.13% RUBIS 0.04% RWE AG 0.07% SCOTTISH & SOUTHERN ENERGY 0.11% SEVERN TRENT PLC 0.18% SNAM RETE GAS 0.07% SP AUSNET 0.02% SUEZ ENVIRONNEMENT SA 0.04% TERNA SPA 0.06% TOHO GAS CO LTD 0.14% TOHOKU ELECTRIC POWER CO INC 0.03% ELECTRIC POWER CO INC 0.05% CO LTD 0.07% UNIPER AG 0.02% UNITED UTILITIES GROUP PLC 0.17% VEOLIA ENVIRONNEMENT 0.08% VERBUND AG 0.02% AEON MALL CO LTD 0.01% AROUNDTOWN SA 0.09% ASCENDAS REAL ESTATE INV TRT 0.04% BRITISH LAND CO PLC 0.05% CAPITAL & COUNTIES PROPERTIE 0.02% CAPITALAND COMMERCIAL TRUST 0.03% CAPITAMALL TRUST 0.03% CASTELLUM AB 0.03% CHEUNG KONG PROPERTY HOLDING 0.13% CITY DEVELOPMENTS LTD 0.03% COVIVIO 0.03% DAITO TRUST CONSTRUCT CO LTD 0.25% INDUSTRY CO LTD 0.03% DEUTSCHE WOHNEN AG-BR 0.19% DEXUS PROPERTY GROUP 0.07% FABEGE AB 0.03%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight GECINA SA 0.05% GOODMAN GROUP 0.13% GPT GROUP 0.07% HAMMERSON PLC 0.22% HANG LUNG GROUP LTD 0.02% HANG LUNG PROPERTIES LTD 0.02% HENDERSON LAND DEVELOPMENT 0.05% HONGKONG LAND HOLDINGS LTD 0.09% HULIC CO LTD 0.02% HYSAN DEVELOPMENT CO 0.40% KERRY PROPERTIES LTD 0.34% KLEPIERRE 0.05% LAND SECURITIES GROUP PLC 0.05% LEG IMMOBILIEN AG 0.05% LEND LEASE GROUP 0.04% LINK REIT 1.47% MIRVAC GROUP 0.10% CO LTD 0.02% CO LTD 0.02% NOMURA REAL ESTATE HOLDINGS 0.02% PSP SWISS PROPERTY AG-REG 0.06% SCENTRE GROUP 0.13% SEGRO PLC 0.07% SINO LAND CO 0.04% STOCKLAND 0.05% SUMITOMO REALTY & DEVELOPMNT 0.06% SUN HUNG KAI PROPERTIES 0.08% SUNTEC REIT 0.02% SWIRE PACIFIC LTD 'A' 0.04% SWIRE PROPERTIES LTD 0.30% SWISS PRIME SITE-REG 0.04% TAG IMMOBILIEN AG 0.02% CO LTD 0.01% TOKYU FUDOSAN HOLDINGS CORP 0.02% UOL GROUP LIMITED 0.02% VICINITY CENTRES 0.11% VONOVIA SE 0.22%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight WHARF HOLDINGS LTD 0.02% WHARF REAL ESTATE INVESTMENT 0.06% WHEELOCK & CO LTD 0.01%

TOBAM Maximum Diversification All World Developed ex North America USD

28/06/2019

Instrument Weight

All rights in the TOBAM Maximum Diversification Index Series vest in TOBAM. The use of TOBAM Maximum Diversification Index Series to create financial products requires a license granted by TOBAM. This document is confidential and is intended only for the recipient. It is for Professional Investors Only. This report does not replace or supersede the Custodian's official records. This document is not an offer for sale of funds to US persons (as such term is used in Regulation S promulgated under the 1933 Act). This material is provided for information purposes only and does not constitute a recommendation, solicitation, offer, advice or invitation to enter in any transaction and should in no case be interpreted as such. The information provided relates to strategies managed by TOBAM, a French investment adviser registered with the U.S. Securities and Exchange Commission (SEC) under the U.S. Investment Advisers Act of 1940 and the Autorité des Marchés Financiers (AMF) and having its head office located at 49-53 avenue des Champs Elysées, 75008 Paris, France. TOBAM's Form ADV is available free of charge upon request. In Canada, TOBAM is acting under the assumed name “Tobam SAS Inc.” in Alberta and “TOBAM Société par Actions Simplifiée” in Québec. Past performance and simulations based on back tests are not indicative of future results nor are they reliable indicators of future performance, forecast or prediction. TOBAM does not represent, and indices should not be construed, as a guarantee, promise or assurance of a specific return. Back tested data may reflect the application of the index methodology with the benefit of hindsight, and the historic calculation of an index may change from time to time based on revisions of the underlying data used in the calculation of the index. TOBAM has continued and will continue its research efforts amending the investment process from time to time accordingly. TOBAM reserves the right of revision or change without notice, of the universe, data, models, strategy and opinions. Back tests performance is not actual performance and do not guaranty the results of an actual index. The TOBAM Maximum Diversification Index Series are calculated by Solactive or its agent. Solactive is the third-party calculation agent of the TOBAM Maximum Diversification Index Series and receives compensation in that capacity. The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument. TOBAM does not make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as the results to be obtained from the use of the TOBAM Maximum Diversification Index Series or the suitability of the Index for any particular purpose. Nothing in this communication should be taken as constituting an offer to buy or sell or a recommendation of financial instrument or investment advice. Indices cannot be invested in directly. The information contained herein are provided “as is” and the user of the information assumes the entire risk of any use for itself or any third party. TOBAM and its affiliates do not accept any direct or indirect liability for any errors or omissions in the TOBAM Maximum Diversification Index Series, underlying data or information contained in this publication. All information is provided for information purposes only. The carbon impact shown is the weighted average of carbon emissions corresponding to scopes 1 and 2 of the GHG Protocol. Data on emissions used is obtained from a number of sources including company reports, CDP questionnaire (Carbon Disclosure Project) or the estimation model. The data does not take into account all emissions induced by the firm. TOBAM's quantitative investment process is supported by extensive proprietary computer code. TOBAM's researchers, software developers, and IT teams follow a structured design, development, testing, change control, and review processes during the development of its systems and the implementation within our investment process. These controls and their effectiveness are subject to regular internal reviews. However, despite these extensive controls it is possible that errors may occur in coding and within the investment process, as is the case with any complex software or data- driven model, and no guarantee or warranty can be provided that any quantitative investment model is completely free of errors. Any such errors could have a negative impact on investment results. We have in place control systems and processes which are intended to identify in a timely manner any such errors which would have a material impact on the investment process. TOBAM accepts no liability whatsoever, whether direct or indirect, that may arise from the use of information contained in this material. This document and the information herein shall not be reproduced, modified, translated or distributed without the express written permission of TOBAM or TOBAM NORTH AMERICA and to the extent that it is passed on, care must be taken to ensure that any reproduction is in a form which accurately reflects the information presented here. The information shall not be used to verify or correct other data, to create indices, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles without TOBAM's prior consent.