Canadian Equity Value Corporate Class SUMMARY OF INVESTMENT PORTFOLIO as at June 30, 2021

Category % of Net Assets Category % of Net Assets Top 25 Holdings % of Net Assets Country allocation Sector allocation Royal Bank of Canada ...... 5.2 Canada ...... 66.4 Financials ...... 29.0 Brookfield Asset Management Inc., Class A ...... 4.6 U.S.A...... 27.2 Information Technology ...... 21.2 Alphabet Inc., Class A ...... 4.5 Bermuda ...... 2.9 Consumer Discretionary ...... 15.9 Constellation Software Inc...... 4.3 Cash & Cash Equivalents ...... 2.0 Industrials ...... 9.8 Dollarama Inc...... 4.1 Netherlands ...... 1.5 Communication Services ...... 6.5 The Bank of Nova Scotia ...... 3.7 Other Net Assets (Liabilities) ...... 0.3 Utilities ...... 5.4 Thomson Reuters Corp...... 3.6 Foreign Currency Forward Contract(s) ...... (0.3) Health Care ...... 2.8 Bank of Montreal ...... 3.5 Materials ...... 2.3 Canadian Tire Corp., Ltd., Class A, Non-Voting Cash & Cash Equivalents ...... 2.0 Shares ...... 3.4 Consumer Staples ...... 2.0 Microsoft Corp...... 3.2 Real Estate ...... 1.6 Intact Financial Corp...... 3.2 Energy ...... 1.5 Brookfield Infrastructure Partners L.P...... 2.9 Other Net Assets (Liabilities) ...... 0.3 Amphenol Corp., Class A ...... 2.9 Foreign Currency Forward Contract(s) ...... (0.3) Humana Inc...... 2.8 Category % of Net Assets S&P Global Inc...... 2.8 Asset allocation Sun Life Financial Inc...... 2.8 Common Equities ...... 98.0 Booking Holdings Inc...... 2.6 Cash & Cash Equivalents ...... 2.0 CGI Inc...... 2.5 Other Net Assets (Liabilities) ...... 0.3 Visa Inc., Class A ...... 2.5 Foreign Currency Forward Contract(s) ...... (0.3) Algonquin Power & Utilities Corp...... 2.4 CCL Industries Inc., Class B ...... 2.3 Open Text Corp...... 2.2 Canadian National Railway Co...... 2.2 Magna International Inc., Class A ...... 2.1 Cash & Cash Equivalents ...... 2.0 Total Net Asset (in $000's) : $712,285

The summary of investment portfolio may change due to ongoing portfolio transactions of the Fund and updates are available on a quarterly basis. The prospectus and other information about the fund are available on the internet at www.unitedfinancial.ca.

as at June 30, 2021 Quarterly Portfolio Disclosure CIG-17656