Manulife Canadian Equity Class1 EQUITY Series D · Performance as at November 30, 2019 · Holdings as at October 31, 2019

Sub-Advisor: Investment Why Invest Management Limited Managed by the Canadian Fundamental Equity Team, this fund uses a bottom up, style agnostic approach to portfolio construction focusing predominantly on Canadian equities. The investment team’s portfolio construction process is grounded in rigorous company specific fundamental research, focusing on cash-flow generation, and investing in Management companies with sustainable business models that generate predictable, free cash flows.

Patrick Blais Growth of $10,000 since inception Performance cannot be shown until one year after the Fund's inception.

Fund Codes (MMF) Calendar Returns (%) Series FE LL2 LL3 DSC Other Performance cannot be shown until one year after the Fund's inception. Advisor 8533 8033 8733 8433 — F — — — — 8633 Compound Returns (%) FT6 — — — — 1814 Performance cannot be shown until one year after the Fund's inception. T6 9518 9847 9718 9418 — D — — — — 38633 Geographic Allocation (%) Asset Allocation (%) Colour Weight % Name Colour Weight % Name 90.96 99.40 Equities Key Facts 9.04 United States 0.60 Cash and equivalents

Inception date: April 9, 2018 Performance reset date: April 20, 20182 AUM3: $27.51 million Sector Allocation (Equities) (%) Top 10 Holdings6 (%) Colour Weight % Name CIFSC category: Canadian Equity Name Weight % 30.03 Financials -Dominion Bank 7.86 Investment style: Blend 13.48 Telecommunication services Bank of Nova Scotia 7.18 12.58 Information technology Distribution frequency4 : Annual Brookfield Asset Management Inc. 5.65 11.90 Materials Cogeco Communications Inc. 4.86 Distribution yield5: 1.57% 11.86 Energy Inc. 4.79 Management fee: 1.08% 10.02 Industrials 4.37 Consumer discretionary CGI Inc. 4.69 Positions: 38 3.75 Consumer staples CCL Industries Inc. 4.36 Inc. 4.28 Risk: Medium 2.01 Health care Inc. 3.96 Low High Loblaw Cos. Ltd. 3.73 MER: — Min. investment: $500.00 initial; $25.00 PAC Fund Status: Open Manulife Canadian Equity Class1 Series D · Performance as at November 30, 2019 · Holdings as at October 31, 2019

Management Fee Reduction Rates7 Investment Highlights The Portfolio Managers utilize a fundamental, bottom-up investment approach to select securities. Portfolio construction is Account/Household All Qualifying centered around creating proprietary metrics that are differentiated from traditional evaluation techniques such as price-to- Value Tiers Investments book or price-to-earnings ratios where inefficiencies can be easily arbitraged. This proprietary analysis is used to construct $250K+ to $499K 2.5 basis points and analyze the historical economic earnings of a company in order to gain a differentiated understanding of the $500K+ to $999K 5 basis points businesses being studied and how they fit into a portfolio. $1M+ to $4.9M 7.5 basis points $5M+ to $9.9M 10 basis points $10M+ 12.5 basis points

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1 Formerly Manulife Fundamental Equity Class. On October 21, 2019, the Manulife Fundamental Equity Class was renamed the Manulife Canadian Equity Class. On April 20, 2018, Manulife Canadian Opportunities Class merged into the Manulife Fundamental Equity Class (now Manulife Canadian Equity Class). Because the fund that was merged into the Manulife Canadian Opportunities Class had a larger asset base than the Manulife Fundamental Equity Class, the performance data for the Manulife Fundamental Equity Class may not be provided for any period prior to the merger transaction. 2 On April 20, 2018, Manulife Canadian Opportunities Class merged into the Manulife Fundamental Equity Class. Because the fund that was merged into the Manulife Fundamental Equity Class had a larger asset base than the Manulife Fundamental Equity Class, the performance data for the Manulife Fundamental Equity Class may not be provided for any period prior to the merger transaction. 3 All classes/series combined. Assets as at November 29, 2019. 4 The payment of distributions is not guaranteed and may fluctuate. If distributions paid by the fund are greater than the performance of the fund, then your original investment will shrink. Distributions should not be confused with a fund’s performance, rate of return, or yield. You may also receive return of capital distributions from a fund. Please consult with your tax advisor regarding the tax implications of receiving distributions. See the fund facts as well as the prospectus for more information on a fund’s distributions policy. 5 Distribution yield is calculated based on prior 12-month rolling average of paid distributions and using average month-end net asset value, per security. The distribution yield excludes any year-end capital gains distributions paid. Distribution yield should not be confused with a fund’s performance or rate of return. 6 Holdings are subject to change. They are not recommendations to buy or sell any security. 7 Investors with a minimum investment in Manulife mutual funds, Manulife Private Mutual Funds and Manulife Private Investment Pools ("Qualifying Investments") of $250,000, either in a single account or in the aggregate based on the total assets of a financial group, are entitled to receive a reduction in the management fees that apply to their Funds. Such reductions are paid in the form of a distribution to investors (first out of net income and net realized capital gains of the Fund and, thereafter, as a return of capital) and in the form of a rebate to Manulife Corporate Class investors. In both cases, the reductions are automatically reinvested in additional securities of the relevant series. The amount of the distribution or rebate, as applicable, is based on the aggregate amount invested in the Qualifying Investments and begins on the first dollar invested. A financial group includes all accounts belonging to a single investor, their spouse, their respective family members residing at the same address and corporate accounts for which the investor and other members of the financial group beneficially own more than 50% of the corporation’s voting equity. Rates that are listed do not include applicable (HST). A basis point (BPS) is a unit that is equal to 1/100th of 1 per cent. Manulife Funds (including the Trust Pools) and Manulife Corporate Classes (including the Class Pools) are managed by Manulife Investment Management Limited (formerly named Manulife Asset Management Limited). Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts as well as the prospectus before investing. The performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

Source for all data: Transmission Media, as at November 30, 2019.