IG Mackenzie Enterprise Class Summary of Investment Portfolio As at the Quarter ended June 30, 2020 (unaudited)

As at and for the period ended June 30, 2020, substantially all the net assets of the Fund were invested in IG Mackenzie Quebec Enterprise Fund Series P (the Underlying Fund). As a result, the largest positions of the Underlying Fund (up to 25) at the end of the period, and the major asset classes in which the Underlying Fund was invested, are indicated below in addition to direct positions, if any. This summary of investment portfolio may change due to ongoing portfolio transactions.

The Management Report of Fund Performance, Prospectus, Financial Statements and other information for the Underlying Fund are available upon request, and at no cost, by calling 1-888-746-6344 (1-800-661-4578 if you live in Quebec) or by writing to us at 447 Portage Avenue, Winnipeg, Manitoba, R3B 3H5 (2001, boulevard Robert-Bourassa, bureau 2000, Montreal, Quebec, H3A 2A6 if you live in Quebec), or by visiting our website at www.investorsgroup.com or SEDAR at www.sedar.com.

Summary of Top 25 Long Positions Summary of Composition of the Portfolio

% of net assets % of net assets 1 Mackenzie US Large Cap Equity Index ETF (CAD-Hedged) 5.8 PORTFOLIO ALLOCATION Canadian National Railway Co. 5.0 Equities 93.5 Royal Bank of Canada 4.7 Exchange Traded Funds 5.8 Alimentation Couche-Tard Inc. Class B Sub. voting 4.6 Cash and cash equivalents 0.5 Inc. Class A 3.7 Other net assets (liabilities) 0.2 Innergex Renewable Energy Inc. 3.5 Total 100.0 CGI Inc. 3.4 The Toronto-Dominion Bank 3.2 EQUITIES 3.1 COUNTRY ALLOCATION Metro Inc. 2.9 Canada 93.5 WSP Global Inc. 2.8 Richelieu Hardware Ltd. 2.8 SECTOR ALLOCATION Communications Inc. 2.5 Industrials 24.6 Canadian Pacific Railway Ltd. 2.5 Financials 21.0 2 Power Corp. of Canada Sub. voting 2.3 Consumer Staples 11.1 Heroux-Devtek Inc. 2.2 Materials 9.3 Lassonde Industries Inc. Class A Sub. voting 2.1 Utilities 7.2 Inc. Class B Sub. voting 2.1 Communication Services 6.4 CAE Inc. 2.1 Information Technology 5.0 SNC-Lavalin Group Inc. 2.0 Energy 4.0 IA Financial Corporate Inc. 2.0 Consumer Discretionary 3.6 Savaria Corp. 1.9 Real Estate 1.3 Agnico-Eagle Mines Ltd. 1.9 93.5 Inc. 1.8 BCE Inc. 1.8 72.7 1 This fund is managed by the sub-advisor of the Fund.

2 The issuer of this security is related to the Manager of the Fund.

Summary of Top 25 Short Positions

% of net assets n/a -

Total Net Asset Value ($000) 27,221

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