STONE PORTFOLIO NOTES

@ July 31, 2021

HOLDING % HOLDING %

Weightings: Growth 43.8 Weightings: Interest Sensitive 12.0 Abbott Laboratories 0.8  AES Corp. 0.6 BCE Inc. 0.5  Algonquin Power & Utilities Corp. 0.4 Cargojet Inc. 0.5  of 0.5 Coca-Cola Company 0.4  Bank of Nova Scotia 1.2 Costco Wholesale Corp. 0.7  Inc. 0.4 Fidelity National Information Services 0.4  Brookfield Asset Management Inc., Cl. A 1.4 Jamieson Wellness Inc. 0.5  Brookfield Infrastructure Partners L.P. 0.3 Microsoft Corp. 1.2  Canadian Imperial Bank of Commerce 0.7 Open Text Corp. 0.4  Choice Properties REIT 0.4 Oracle Corporation 0.5  Granite REIT 0.4 Park Lawn Corp. 0.5  Northland Power Inc. 0.5 Stantec Inc. 0.5  Corp. 0.7 Stone Global Sustainability Fund, Sr. A 13.4  Royal Bank of 1.7 Stone Global Growth Fund, Sr. A 19.1  Summit Industrial Income REIT 0.4 Stryker Corp. 0.6  Inc. 0.5 Corp. 0.5  Toronto-Dominion Bank 1.5 TFI International Inc. 1.3  Transalta Corp. 0.4 UnitedHealth Group Inc. 0.5  Visa 0.9  Weightings: Fixed Income 40.3 Waste Connections Inc. 0.6  Cash & Other Assets (Liabilities) 2.8 Weightings: Inflation 1.1 Ecolab 0.5 Net Asset Value 100.0 Corporation 0.3 Inc. 0.3

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HOLDING % HOLDING % HOLDING % Weightings: Fixed Income 40.3 Weightings: Fixed Income (Cont’d) Weightings: Fixed Income (Cont’d) 407 International Inc., 2.430%, 5/4/27 0.2  Ford Credit Canada, 3.500%, 11/30/23 0.3  Province of , 3.500%, 12/01/45 0.0 407 International Inc., 3.430%, 6/1/33 0.2  GE Capital Canada, 5.730%, 10/22/37 0.2  Province of Quebec, 3.500%, 12/01/48 1.1 Aeroport de Montreal, 3.441%, 4/26/51 0.3  Gibson Energy Inc., 3.600%, 09/17/29 0.6  Province of Quebec, 4.250%, 12/01/43 0.7 Alectra Inc., 5.297%, 04/29/41 0.2  Goldman Sachs, Var. Rt., 2/28/29 0.2  Reliance LP, 2.670%, 8/1/28 0.4 Algonquin Power Co., 2.850%, 7/15/31 0.2  Government of Canada, 2.000%,12/1/51 2.7  RioCan REIT, 1.974%, 6/15/26 0.5 Algonquin Power, 4.600%, 01/29/29 0.4  Government of Canada, 2.250%, 3/1/24 0.5  Inc, 4.000%, 03/13/24 0.4 Alimentation Couche-Tard, 3.899%, 11/01/22 0.2  Government of Canada, 2.750%, 12/01/48 0.0  Rogers Communications Inc., 3.650%, 03/31/27 0.2 Allied Universal, 3.625%, 6/1/28 0.3  Government of Canada, 2.750%, 12/01/64 0.1  Royal , 2.609%, 11/1/24 0.6 Altagas Ltd., 2.477%, 11/30/30 0.5  Hydro One Inc., 2.540%, 4/5/24 0.4  Stantec Inc., 2.048%, 10/08/27 0.0 Altalink LP, 3.717%, 12/3/46 0.2  Hydro One Inc., 3.630%, 6/25/49 0.2  Sun Life Financial, Var. Rt., 09/19/28 0.5 Apple Inc., 2.513%, 8/19/24 0.4  Ltd., 2.284%, 5/7/30 0.1  Sun Life Financial, Var. Rt., 10/01/35 0.2 Arc Resources Ltd., 2.354%, 3/10/26 0.6  Loblaw Companies Ltd., 4.860%, 9/12/23 0.2  T-Mobile USA, 3.375%, 4/15/29 0.2 Bank of America, 2.598%., 4/4/29 0.2  Lower Mattagami, 2.433%, 5/14/31 0.2  Targa Resources Corp., 4.000%, 1/15/32 0.3 Bank of America, Var. Rt., 9/20/25 0.3  Metro Inc., 2.680%, 12/5/22 0.6  TC Energy, 4.340%, 10/15/49 0.5 , 2.850%, 3/6/24 0.2  Morgan Stanley, Var. Rt., 8/4/27 0.4 TD Bank, 2.850%, 3/8/24 0.4 Barclays plc, 2.166%, 6/23/27 0.3  National Grid, 2.301%, 6/22/29 0.4  TD Bank, Var Rt., 9/14/28 0.4 BCE Inc., 2.500%, 5/14/30 0.2  Northwest Redwater, 1.200%, 12/1/23 0.1  Telus Corp., 2.050%, 10/07/30 0.4 BCE Inc., 3.350%, 3/22/23 0.6  Parkland Corp., 3.875%, 6/16/26 0.2  Telus Corp., 2.750%, 07/08/26 0.5 BCE Inc., 3.500%, 9/30/50 0.2  Pembina Pipeline Corp., Var Rt, 1/25/81 0.1  Telus Corp., 3.950%, 2/16/50 0.0 Booz Allen Hamilton, 4.000%, 7/1/29 0.3  Pembina Pipeline Corp., 3.770%, 10/24/22 0.5  Tenet Healthcare, 4.625%, 06/15/28 0.0 Brookfield Renewable, 3.380%, 1/15/30 0.4  Pembina Pipeline Corp., 4.740%, 1/21/47 0.2  , 2.239%, 05/14/25 0.3 Canada Housing Trust, 1.750%, 6/15/30 1.4  Province of Alberta, 3.100%, 06/01/50 0.2  Toronto Hydro Corp., 2.990%, 12/10/49 0.1 Canada Housing Trust, 2.350%, 06/15/23 0.7  Province of British Columbia, 2.800%, 06/18/48 0.4  Toyota Credit Canada, 2.620%, 10/11/22 0.2 Canada Housing Trust, 2.900%, 6/15/24 0.7  Province of British Columbia, 2.850%, 6/18/25 0.6  Toyota Credit Canada, 2.700%, 1/25/23 0.6 Canadian Natural Resources, 2.500%, 1/17/28 0.4  Province of British Columbia, 3.200%, 6/18/44 0.2  Transurban Finance Co., 4.555%, 11/14/28 0.3 Capital Power Corp., 4.284%, 9/18/24 0.6  Province of Nova Scotia, 4.700%, 6/1/41 0.4  Vancouver Airport, 1.760%, 9/20/30 0.4 Capital Power Corp., 4.424%, 02/08/30 0.3  Province of Ontario, 1.750%, 9/8/25 1.2  Verizon Communications Inc., 2.375%, 3/22/28 0.4 Inc., 3.500%, 02/07/28 0.8  Province of Ontario, 2.400%, 6/02/26 0.5  Verizon Communications, 2.500%, 5/16/30 0.4 Cheniere Energy, 4.000%, 3/1/31 0.2  Province of Ontario, 2.650%, 12/02/50 0.3  Videotron Ltd., 3.125%, 1/15/31 0.4 Choice Properties., 3.556%, 9/9/24 0.4  Province of Ontario, 2.800%, 6/02/48 0.4  VW Credit Canada, 3.250%, 03/29/23 0.2 Corus Entertainment Inc., 5.000%, 5/11/28 0.2  Province of Ontario, 2.850%, 6/2/23 0.4  Walt Disney Companies, 3.057%, 3/30/27 0.4 Inc., Var Rt., 9/27/77 0.4  Province of Ontario, 2.900%, 06/02/49 0.8  Enbridge, 2.820%, 5/12/31 0.3  Province of Ontario, 3.500%, 6/2/24 0.8  Enbridge, 4.200%, 5/12/51 0.3  Province of Quebec, 2.500%, 09/01/26 0.2  Epcor Utilities, 2.411%, 6/30/31 0.5  Province of Quebec, 2.750%, 9/01/25 0.5  Epcor Utilities, 3.106%, 7/8/49 0.2  Province of Quebec, 3.500%, 12/01/22 0.4 

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HOLDING % HOLDING %

Weightings: Growth 46.1 Weightings: Interest Sensitive 48.2 Abbott Laboratories 3.7  AES Corp. 2.3  BCE Inc. 2.0  Algonquin Power & Utilities Corp. 1.3  Cargojet Inc. 2.1  Bank of Montreal 2.0  Coca-Cola Company 1.3  Bank of Nova Scotia 4.7  Costco Wholesale Corp. 2.7  Boralex Inc. 1.6  Fidelity National Information Services 1.4  Brookfield Asset Management Inc., Cl. A 5.7  Jamieson Wellness Inc. 1.9  Brookfield Infrastructure Partners L.P. 1.4  Microsoft Corp. 5.0  Canadian Imperial Bank of Commerce 2.8  Open Text Corp. 1.5  Choice Properties REIT 1.6  Oracle Corporation 2.2  Decisive Dividend Corp. 0.2  Park Lawn Corp. 1.8  Granite REIT 1.5  Stantec Inc. 2.2  Northland Power Inc. 1.9  Stryker Corp. 2.3  Power Financial Corp. 2.7  TELUS Corp. 2.0  7.6  TFI International Inc. 5.6  Summit Industrial Income REIT 1.7  UnitedHealth Group Inc. 2.0  Sun Life Financial Inc. 1.9  Visa 3.9  Toronto-Dominion Bank 5.7  Waste Connections Inc. 2.5  Transalta Corp. 1.6 

Weightings: Inflation 4.0 Cash & Other Assets (Liabilities) 1.7 Ecolab 1.7 Pembina Pipeline Corporation 1.1 Net Asset Value 100.0 Suncor Energy Inc. 1.2

Stone Dividend Growth Class Series A Best Fund Over Past 3 Years Canadian Dividend & Income Equity

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HOLDING % HOLDING %

Weightings: Growth 77.4 Weightings: Growth (Con’t) Abbott Laboratories 2.2  SIG Combibloc Group AG 2.3 Adobe Systems Inc. 2.6  Taiwan Semiconductor Manufacturing Co. Ltd. 2.5 Adyen NV 2.6  Thermo Fisher Scientific Inc. 2.7 Alfen Beheer BV 1.3  Tomra Systems ASA 2.5 Ansys Inc. 1.9  Trimble Inc. 2.5 Aptiv plc 2.6  Vestas Wind Systems A/S 1.6 ASML Holding 3.2  Visa 2.5  Assa Abloy AB 2.2  Badger Meter Inc. 2.2  Weightings: Inflation 9.2 Cadence Design Systems Inc. 2.1  Advanced Drainage Systems Inc. 1.6 Clorox Co. 1.6  Ballard Power Systems Inc. 0.9 DSV Palalpina A/S 2.6  Chr Hansen Holding A/S 1.3 Edwards Lifesciences 3.1  Ecolab 2.1 Eurofins Scientific 1.7  EDP Renovaveis SA 1.1 GN Store Nord A/S 1.7  Trex Co. Inc. 2.2  Halma plc 1.7  Jungheinrich PFD 2.6  Weightings: Interest Sensitive 10.8 KONE OYJ, Cl. B 1.7  AIA Group 2.2 Linde plc 2.7  Evoqua Water Technologies Corp. 1.6 Littelfuse Inc. 2.7  First Republic Bank 2.5  Mastercard Inc. 2.5  Hannon Armstrong 2.1 Microsoft Corp. 2.5  Legal & General Group PLC 2.4 Nidec Corp. 2.0  Paypal Holdings Inc. 2.4  Cash & Other Assets (Liabilities) 2.6 Reed Elsevier plc 2.0  Sartorius Stedim Biotech 2.3  Net Asset Value 100.0 Inc. 2.1 / HOLDING % HOLDING %

Weightings: Growth 77.3 Weightings: Growth (Con’t) Accenture Limited 2.4  Palo Alto Networks Inc. 2.4 Aecon Group Inc. 2.4  Sensata Technologies Inc. 2.0 Alphabet Inc., Cl. C 3.0  SS&C Technologies 2.3 Amazon.com Inc. 2.7  Steris plc 2.2 Amgen 1.9  Stone Global Growth Fund, Sr. A 3.9 Applied Materials Inc. 2.5  TJX Companies Inc. 1.9 ATS Automation Tooling Systems Inc. 2.8  UnitedHealth Group Inc. 2.4 BioMarin Pharmaceutical Inc. 1.4  Visa 2.3 Boston Scientific Corp. 1.3  Broadcom Ltd. 2.4  Weightings: Inflation 4.2 Cigna Corp. 2.1  Ballard Power Systems Inc. 0.7 Corning Inc. 1.9  Orocobre Ltd. 1.7 Costco Wholesale Corp. 1.9  PPG Industries Inc. 1.8 Drone Delivery Canada Corp. 1.0  Electronic Arts Inc. 1.9  Weightings: Interest Sensitive 13.3 Fortinet Inc. 3.0  AES Corp. 1.7 Global Payments Inc. 1.6  Blackrock Inc. 2.5 HCA Holdings Inc. 2.6  Boralex Inc. 1.5 Hubbell Inc. 2.0  Citizens Financial Group Inc. 1.1 Intuitive Surgical Inc. 2.3  KKR & Co. 2.8 Jamieson Wellness Inc. 1.7  Onex Corp. 2.3  Kinaxis Inc. 2.0  Panton Equity Partners L.P., Cl. A 0.5 Laboratory Corp of America Holdings 2.0  PNC Financial Services Group Inc. 0.9 Mastercard Inc. 2.3  Medtronic PLC 2.0  Cash & Other Assets (Liabilities) 5.2 Microsoft Corp. 2.7  Motorola Solutions Inc. 2.1  Net Asset Value 100.0 Stone Growth Fund Series A Best Fund Over Past 3 Years North American Equity

/ HOLDING % HOLDING % HOLDING %

Weightings: Growth 87.2 Weightings: Growth (Con’t) Weightings: Inflation 4.5 Adobe Systems Inc. 2.4 JB Hunt Transport Services Inc. 1.5 Linde plc 1.5 Align Technology Inc. 1.9 Johnson Controls International plc 1.4 Sherwin Williams Co. 1.5 Alphabet Inc., Cl. C 2.2 Kering SA 1.8 Sika Ltd. 1.5 Amazon.com Inc. 2.3 Lamb Weston Holdings Inc. 1.0 Amphenol Corporation, Cl. A 1.7 Lonza Group AG, Reg. 1.8 Weightings: Interest Sensitive 7.8 ASML Holding 2.0 L'Oreal 1.7 First Republic Bank 1.6 Autodesk 1.7 Martin Marietta Materials Inc. 1.5 Partners Group Holdings AG 1.8  Broadridge Financial Solutions Inc. 1.4 Mastercard Inc. 1.6 S&P Global Inc. 1.6 Cellnex Telecom SA 1.8  Match Group Inc. 2.1 Signature Bank 1.0 Chegg Inc. 1.1 Microsoft Corp. 2.0  SVB Financial Group 1.8 Cintas Corp. 1.3 Monster Beverage Corp. 1.5 Costar Group Inc. 1.4 Next plc 1.7 Costco Wholesale Corp. 1.9 Nvidia Corp. 2.7 Cash & Other Assets (Liabilities) 0.5 Deere & Co. 1.5 Ocado Group plc 1.2 Dexcom Inc. 1.8 Paypal Holdings Inc. 2.2 Net Asset Value 100.0 Essilor International SAS 1.5 Rational AG 1.6 Estee Lauder Companies Inc., Cl. A 2.0 Rightmove plc 1.5 Freshpet Inc. 1.6 Rollins Inc. 1.4 Global Payments Inc. 1.4 Sandvik AB 1.4 Hermes International 1.8 Sartorius Stedim Biotech 2.7 Howden Joinery Group PLC 1.5 Shopify Inc. 1.4 Hypoport AG 1.2 SKF AB 1.3 Idexx Labs 2.0 TJX Companies Inc. 1.5 Infineon Technologies AG 1.4 Uber Technologies Inc. 0.9 Intuit Inc. 2.3 Visa 1.7 Intuitive Surgical Inc. 1.5 Waste Connections Inc. 1.5

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HOLDING % HOLDING %

Weightings: Growth 73.3 Weightings: Growth (Con’t) 3M Co. 2.8  Stryker Corp. 3.0 ABB Ltd. 3.4  Inc. 2.2  Abbott Laboratories Inc. 2.9  Verizon Communications Inc. 1.5 Abbvie Inc. 2.7  Visa Corp. 2.7 Accenture Limited 3.1  Walmart Inc. 2.6 Activision Blizzard Inc. 1.2  Walt Disney Co. 2.1 Apple Inc. 2.6  Applied Materials Inc. 2.8  Weightings: Inflation 4.7  Broadcom Inc. 2.5  Ecolab 2.7  Cisco Systems Inc. 2.2  Ingredion Inc. 2.0  Coca-Cola Company 1.4   Costco Wholesale Corp. 2.8  Weightings: Interest Sensitive 20.1 CVS Health Corp. 2.2  AES Corp. 2.3 Fidelity National Information Services 2.7  Allstate Corp. 3.3 Home Depot Inc. 2.8  Blackrock Inc. 3.6 Honeywell International Inc. 2.8  Brookfield Infrastructure Partners 2.2 KLA Tencor Corp. 3.2  Citizens Financial Group Inc. 2.8 Merck & Co. Inc. 2.4  Fifth Third Bancorp. 3.0 Microsoft Corp. 3.6  State Street Corp. 2.9 Oracle Corp. 3.4  Organon & Co. 0.1  Cash & Other Assets (Liabilities) 1.9 Qualcomm Inc. 2.2  Raytheon Company 3.4  Net Asset Value 100.0

/ HOLDING % HOLDING %

Weightings: Growth 18.3  Weightings: Interest Sensitive (Con’t) Aecon Group Inc. 2.7  Granite REIT 1.7  BCE Inc. 4.0  Hydro One Inc. 2.3 George Weston Inc. 0.7  Laurentian Bank of Canada, Pfd. 1.5 Loblaw Companies Ltd., Pfd. 0.7  Financial Corp. 3.0 Rogers Communications Inc. 3.7  Manulife Financial Corp., Pfd. 1.3 Inc. 2.5  of Canada 3.9 Telus Corp. 4.0  Northland Power Inc. 3.2   Power Financial Corp. 3.8 Weightings: Interest Sensitive 74.2  Royal Bank of Canada 3.9 AES Corp 2.6  Summit Industrial Income REIT 2.1 Algonquin Power & Utilities Corp. 2.5  Sun Life Financial Inc. 3.1 Bank of Montreal 3.9  TC Energy Corp. 3.1 Bank of Nova Scotia 4.0  Toronto-Dominion Bank 3.8 Brookfield Infrastructure Partners 4.0  Toronto-Dominion Bank, Pfd. 1.3 Canadian Imperial Bank of Commerce 4.0   Canadian Imperial Bank of Commerce, Pfd. 1.3  Weightings: Inflation 7.1 Canadian Utilities, Pfd. 0.7  Enbridge Inc. 3.7 Choice Properties REIT 1.7  Pembina Pipeline Corp. 3.4 CI Financial Inc. 2.4  Inc. 3.9  Cash & Other Assets (Liabilities) 0.4 Emera Inc., Pfd. 0.7  Fortis Inc. 3.8  Net Asset Value 100.0 Fortis Inc., Pfd. 0.7 

/ HOLDING %

Weightings: Growth 100.2 Stone Global Sustainability Fund F 100.2 

Cash & Other Assets (Liabilities) (0.2)

Net Asset Value 100.0

/ HOLDING % HOLDING %

Weightings: Interest Sensitive 99.7 Cash & Other Assets (Liabilities) 0.3 Bank of Montreal 7.9  Bank of Nova Scotia 7.9 Net Asset Value 100.0 Brookfield Asset Management Inc. 4.0 Brookfield Asset Management Inc., Cl. A, Pfd. 0.7 Canadian Imperial Bank of Commerce 8.2 2.8 Great West Lifeco Inc. 5.7 Great West Lifeco, Pfd. 0.6 IA Financial Corp. Inc. 3.5 IGM Financial Inc. 3.8 Intact Financial Corp. 3.5 Intact Financial Corporation, Pfd. 0.7 Laurentian Bank of Canada 3.3 Manulife Financial Corp. 5.0 Manulife Financial Corp., Pfd. 0.7 8.1 Onex Corp. 2.4 Power Financial Corp. 6.3 Power Corp. of Canada, Pfd. 0.7 Royal Bank of Canada 8.4 Sun Life Financial Inc. 4.6 Sun Life Financial Inc., Pfd. 0.7 TMX Group Ltd. 2.3 Toronto Dominion Bank 7.9

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CONTACT

For additional information or to learn how you may purchase our Funds, please contact your financial advisor or Stone at:

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