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Balanced Code 5633 / BALBG Volatility meter Low High Manulife Balanced Fund (Beutel Goodman)

 Fund (6)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Beutel Goodman Balanced Fund

Objective This Fund seeks to enhance long-term capital value by investing in cash and cash Composition equivalents, fixed income securities and Canadian, U.S. and international equity securities. Canadian Equity 30.21% Canadian Fixed Income 27.38% Managed by Beutel, Goodman & Company Ltd. Foreign Equity 19.87% Fund managers Bruce Corneil, Mark D. Thomson United States Equity 15.03% Cash & Equivalents 4.07% Inception date January 1991 Manulife inception date May 2005 Other 3.44% Total assets $4,190.9 million

Geographic split Canada 61.66% United States 15.03% Germany 5.15% United Kingdom 3.10% Japan 1.87% Norway 1.71% Netherlands 1.62% Overall past performance Other 9.86% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) Royal Bank of Canada 3.12% Toronto-Dominion Bank 3.08% BG SMALL CAP B 2.30% Manulife Balanced Fund (Beutel Goodman) - ($20,821) Blend: Beutel Goodman Balanced - ($17,140) Bank of Nova Scotia 2.09% Government of Ontario 4.650% 02-Jun-2041 1.81% 20,000 Rogers Communications Inc 1.72% Canadian Natural Resources Ltd 1.60% 15,000 Magna International Inc 1.60%

Brookfield Asset Management Inc 1.56% 10,000 Canada 1.000% 01-Jun-2027 1.48%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -10.09 15.11 9.65 0.42 11.01 17.46 9.24 4.66 10.27 11.15 Fundamental, Bottom-up Benchmark -14.86 15.17 9.61 0.42 7.30 11.76 10.05 3.76 7.81 7.58 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.11 11.15 10.69 8.65 10.47 7.60 Small Benchmark 3.56 7.58 7.68 6.36 8.15 5.53

All cap

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> NEI Ethical Balanced Fund Series I

Objective The Ethical SRI Balanced Fund aims to increase the value of the investment over the Composition long term, protect the original investment and provide a high degree of current income. It invests Canadian Equity 29.18% mostly in a mix of Canadian and US equities and fixed income investments and follows a socially Canadian Fixed Income 25.24% responsible approach to investing. Foreign Equity 20.92% Foreign Fixed Income 11.42% Managed by Guardian Capital LP United States Equity 6.28% Cash & Equivalents 4.78% Fund managers Northwest Ethical Investments LP United States Fixed Income 2.18% Inception date December 1998 Manulife inception date September 2001 Total assets $155.9 million Underlying fund operating expense (2016) 0.087% Geographic split Canada 57.62% United States 9.12% France 5.01% Japan 4.27% United Kingdom 4.27% Germany 2.95% Italy 2.82% Overall past performance Other 13.94% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) NEI Ethical International Equity Series I 16.74% NEI Global Total Return Bond Series I 15.94% NEI Ethical Global Equity Series I 10.82% Manulife Ethical SRI Balanced Fund - ($13,331) Ethical Grth Blend (blend C) - ($15,669) NEI Ethical Special Equity Series I 5.06% Government of Ontario 5.850% 08-Mar-2033 3.05% 15,000 Government of Ontario 2.600% 02-Jun-2025 1.69% Loblaw Companies Ltd 1.57% Canadian Imperial Bank of Commerce 1.49% 10,000 Power Financial Corp 1.30% Bank of Nova Scotia 1.25% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -16.57 15.65 10.06 -2.58 1.96 5.78 8.98 1.41 1.77 6.23 Fundamental, Bottom-up Benchmark -18.96 18.10 10.77 -1.32 7.16 7.69 10.13 0.15 9.39 7.58 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.30 6.23 3.97 3.11 4.79 2.91 Small Benchmark 4.09 7.58 8.47 5.62 6.92 4.59

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to outperform a benchmark portfolio that is comprised of AAA and AA the following:  • 50% FTSE TMX Canada Universe Bond Index A and BBB • 40% S&P/TSX Composite Total Return Index below BBB • 10% MSCI World Total Return Index

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CI Portfolio Series Balanced Fund

Objective This fund’s objective is to provide a balance between income and long-term capital Composition growth while diversifying risk by investing in income and equity mutual funds. United States Equity 21.73% Canadian Fixed Income 19.65% Managed by CI Investments Inc Canadian Equity 17.25% Fund managers CI Investment Consulting Foreign Equity 15.95% (Multi-Manager) United States Fixed Income 8.87% Cash & Equivalents 6.82% Inception date October 1996 Manulife inception date March 2015 Foreign Fixed Income 6.39% Total assets $3,739.3 million Underlying fund operating expense (2016) Other 3.34% In IMF Geographic split Canada 40.67% United States 32.58% United Kingdom 3.78% Japan 2.68% Switzerland 1.67% Bermuda 1.52% Italy 1.33% Overall past performance Other 15.77% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Signature Canadian Bond Class I 12.14% Signature Global Bond Class I 10.54% Manulife CI Portfolio Series Balanced Fund - ($20,097) Signature Corporate Bond Class I 8.17% Blend: CI Portfolio Series Balanced - ($18,135) Portfolio Series Balanced Fund (Class I units) Synergy Canadian Corp Cl A 6.54% 20,000 CI Cambridge Canadian Equity Corporate Class A 6.01% CI Canadian Dividend Class A 5.60% CI American Managers Corp Cl A 4.91% 15,000 First Asset MSCI World Low Risk Weighted ETF 4.74% Unhgd 10,000 CI International Value Corp Cl A 4.72% CI Income Class I 4.64% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -16.55 18.89 11.27 -0.40 10.69 19.23 11.52 6.85 6.75 8.75 Multi-manager Benchmark -16.20 15.27 9.59 0.60 8.06 14.51 11.58 5.60 7.58 8.57 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.12 8.75 7.73 - - - Small Benchmark 4.17 8.57 8.06 7.24 9.52 6.13  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The benchmark is a combination of AAA and AA • 40% FTSE TMX Canada Universe Bond Total Return Index  • 35%MSCI World Total Return Index A and BBB • 25% S&P/TSX Composite Total Return Index below BBB

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CI Portfolio Series Growth Fund

Objective This fund’s objective is to provide long-term capital growth by investing directly in other Composition mutual funds managed by CI. United States Equity 25.87% Foreign Equity 23.13% Managed by CI Investments Inc Canadian Equity 22.52% Fund managers CI Investment Consulting Canadian Fixed Income 10.15% (Multi-Manager) Cash & Equivalents 9.26% United States Fixed Income 6.24% Inception date October 2002 Manulife inception date March 2015 Foreign Fixed Income 1.57% Total assets $874.9 million Underlying fund operating expense (2016) Other 1.26% In IMF Geographic split Canada 38.04% United States 35.37% United Kingdom 3.67% Japan 2.58% Switzerland 1.80% Bermuda 1.65% China 1.43% Overall past performance Other 15.46% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. CI Cambridge Canadian Equity Corporate Class A 12.63% Signature Canadian Bond Class I 10.41% Manulife CI Portfolio Series Growth Fund - ($20,476) Signature Select Canadian Class I 7.10% Blend: CI Portfolio Series Growth - ($18,984) Portfolio Series Growth Fund (Class I Units) Black Creek International Equity Class I 6.57% Synergy Canadian Corp Cl A 6.29% 20,000 CI American Managers Corp Cl A 5.77% Cambridge Global Equity Corporate Class A 5.75% 15,000 First Asset MSCI World Low Risk Weighted ETF 5.05% Unhgd 10,000 CI International Value Corp Cl A 4.87% Marret Short Duration High Yield Class I USD 4.51% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -22.32 20.77 12.12 -3.07 11.89 25.53 11.32 7.16 8.09 10.88 Multi-manager Benchmark -22.67 17.84 10.03 -2.17 9.69 20.96 12.66 7.15 9.04 10.81 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.55 10.88 9.46 - - - Small Benchmark 4.94 10.81 9.92 8.99 12.02 6.62  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The benchmark is a combination of AAA and AA • 50% MSCI World Total Return Index  • 30% S&P/TSX Composite Total Return Index A and BBB • 20% FTSE TMX Canada Universe Bond Total Return Index below BBB

 Fund (8)  Benchmark (9) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CI Portfolio Series Maximum Growth Fund

Objective This fund’s objective is to provide above-average long-term capital growth by investing Composition directly in other mutual funds managed by CI. United States Equity 30.80% Foreign Equity 26.78% Managed by CI Investments Inc Canadian Equity 26.62% Fund managers CI Investment Consulting Cash & Equivalents 10.61% (Multi-Manager) United States Fixed Income 3.33% Canadian Fixed Income 0.42% Inception date June 2005 Manulife inception date March 2015 Foreign Fixed Income 0.27% Total assets $366.8 million Underlying fund operating expense (2016) Other 1.17% In IMF Equity Industry Financials 19.01% Information Technology 12.82% Industrials 9.28% Energy 8.50% Consumer Discretionary 7.53% Materials 7.31% Consumer Staples 6.89% Other 28.66% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 38.02% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Canada 33.22% Manulife Fund’s inception date. United Kingdom 3.98% Japan 2.66% Bermuda 2.00% Manulife CI Portfolio Series Maximum Growth Fund - ($20,569) Switzerland 1.95% Blend: CI Portfolio Series Maximum Growth - ($19,465) China 1.74% Portfolio Series Maximum Growth Fund (Class I units) Other 16.43% 20,000 Top holdings within the underlying fund (As at December 31, 2017) CI Cambridge Canadian Equity Corporate Class A 14.78% 15,000 Synergy Canadian Corp Cl A 8.97% Cambridge Global Equity Corporate Class A 8.25% 10,000 Black Creek International Equity Class I 7.47%

CI American Managers Corp Cl A 6.93% 5,000 Signature Select Canadian Class I 6.79% First Asset MSCI World Low Risk Weighted ETF 5.62% Unhgd 0 Signature Emerging Markets Corp Cl A 5.60% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD CI Canadian Small/Mid Cap Class I 5.17% (%) CI International Value Corp Cl A 4.60% Fund -27.10 22.45 12.46 -5.94 12.98 30.07 11.92 7.86 9.17 12.56 Benchmark -29.06 21.46 10.99 -5.21 11.01 26.54 13.49 7.31 11.29 12.80

Value Core/Blend Growth Investment objective Large The benchmark is a combination of Medium • 60% MSCI World Total Return Index • 40% S&P/TSX Composite Total Return Index Small  All cap

 Fund (5)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity Canadian Asset Alloc.-O

Objective The fund aims to achieve total investment returns by investing in Canadian equity Composition securities, fixed income securities and money market instruments. The fund’s neutral asset allocation Canadian Equity 51.15% is 65% equities, 30% fixed income securities and 5% money market instruments. Canadian Fixed Income 22.14% Cash & Equivalents 8.66% Managed by FIAM LLC United States Equity 7.37% Fund managers Brian Miron, Catriona Martin, Darren Lekkerkerker, David D. Wolf, Don Newman, Foreign Equity 6.00% United States Fixed Income 4.34% Geoff Stein, Hugo Lavallée, Joe Overdevest Foreign Fixed Income 0.35% Inception date January 2001 Manulife inception date February 1999 Total assets $5,161.1 million Geographic split Canada 75.88% United States 11.33% China 0.99% Bermuda 0.64% Netherlands 0.60% Korea 0.47% Jersey 0.46% Overall past performance Other 9.63% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at September 30, 2017) Royal Bank of Canada 3.95% Toronto-Dominion Bank 3.84% Suncor Energy Inc 3.39% Manulife Canadian Asset Allocation Fund (Fidelity) - ($17,408) Blend: Fidelity Canadian AA - ($15,382) TransCanada Corp 2.24% Canadian Natural Resources Ltd 2.12% Metro Inc 2.05% 15,000 iShares TIPS Bond ETF 1.97% Constellation Software Inc 1.94% 10,000 Restaurant Brands International Inc 1.88% Loblaw Companies Ltd 1.85% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -17.53 27.58 12.28 -3.20 4.98 12.58 12.30 1.49 9.47 3.23 Multi-manager Benchmark -20.68 24.03 13.60 -2.81 5.92 8.01 9.60 -4.36 13.92 3.66 Equity style and capitalization Annualized compound returns (As at September 30, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 1.29 3.35 7.13 4.89 7.91 5.70 Small Benchmark 2.43 5.62 8.34 4.09 6.24 4.41

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over a rolling four-year basis, the Fund is expected to outperform a benchmark composed of the AAA and AA following: • 65% S&P/TSX Capped Composite A and BBB  • 30% FTSE TMX Universe Bond Index below BBB • 5% FTSE TMX 91 Day Treasury Bill Index

 Fund (5)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CI Portfolio Series Income Fund

Objective This fund’s objective is to emphasize income by investing primarily in income-oriented Composition mutual funds. The fund may also invest in equity mutual funds to achieve modest capital Canadian Fixed Income 33.70% appreciation. United States Fixed Income 17.47% Foreign Fixed Income 11.15% Managed by CI Investments Inc Foreign Equity 8.51% Fund managers CI Investment Consulting United States Equity 8.03% Canadian Equity 6.44% (Multi-Manager) Cash & Equivalents 4.04% Inception date November 1997 Manulife inception date March 2015 Other 10.66% Total assets $2,150.3 million Underlying fund operating expense (2016) In IMF Geographic split Canada 41.41% United States 27.81% United Kingdom 4.50% Italy 2.16% Japan 1.61% Switzerland 1.39% France 1.35% Overall past performance Other 19.77% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Signature Global Bond Class I 17.40% Signature Corporate Bond Class I 16.88% Manulife CI Portfolio Series Income Fund - ($20,447) Signature Canadian Bond Class I 12.54% Blend: CI Portfolio Series Income - ($16,580) Portfolio Series Income Fund (Class I units) CI Global High Dividend Advantage Class I 8.09% CI Income Class I 6.27% 20,000 Cambridge Global Dividend Class I 6.14% Signature Tactical Bond Pool Class I 5.18% 15,000 CI Investment Grade Bond I 4.95% Signature Dividend Corp Cl A USD 4.81% 10,000 Signature Income & Growth Class I 4.72%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -5.70 16.86 10.91 6.08 8.61 10.77 9.81 6.65 5.54 5.82 Multi-manager Benchmark -3.83 10.45 8.49 5.59 5.20 4.20 9.75 3.18 4.80 4.74 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.54 5.82 5.67 - - - Small Benchmark 2.83 4.74 4.76 4.23 5.31 5.18  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The benchmark is a combination of the AAA and AA • 75% FTSE TMX Canada Universe Bond Total Return Index  • 15% S&P/TSX Composite Total Return Index A and BBB • 10% MSCI World Total Return Index below BBB

 Fund (5)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CI Portfolio Series Conservative Fund

Objective This fund’s objective is to provide a balance between income and capital growth at Composition lower than average levels of volatility by investing in income and equity mutual funds. Canadian Fixed Income 31.67% Canadian Equity 13.55% Managed by CI Investments Inc United States Fixed Income 13.26% Fund managers CI Investment Consulting United States Equity 11.86% (Multi-Manager) Foreign Equity 10.87% Foreign Fixed Income 9.58% Inception date November 1997 Manulife inception date March 2015 Cash & Equivalents 3.73% Total assets $1,271.2 million Underlying fund operating expense (2016) Other 5.48% In IMF Geographic split Canada 47.19% United States 25.59% United Kingdom 3.63% Japan 2.75% Italy 1.83% Switzerland 1.44% Bermuda 0.95% Overall past performance Other 16.62% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Signature Canadian Bond Class I 20.45% Signature Global Bond Class I 15.81% Manulife CI Portfolio Series Moderate Fund - ($19,401) Signature Corporate Bond Class I 12.62% Blend: CI Portfolio Series Moderate - ($17,226) Portfolio Series Conservative Fund (Class I units) Synergy Canadian Corp Cl A 7.45% CI Income Class I 5.89% CI Canadian Dividend Class A 4.76% 15,000 First Asset MSCI World Low Risk Weighted ETF 4.33% Unhgd CI International Value Corp Cl A 4.03% 10,000 Signature Select Canadian Class I 4.02% Signature Tactical Bond Pool Class I 3.44% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -12.04 17.73 11.28 2.28 9.32 14.08 10.57 6.53 5.20 6.39 Multi-manager Benchmark -9.34 12.67 9.07 3.40 6.39 8.37 10.50 4.03 6.11 6.33 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.64 6.39 5.78 - - - Small Benchmark 3.38 6.33 6.21 5.48 7.04 5.58  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The benchmark is a combination of AAA and AA • 60% FTSE TMX Canada Universe Bond Total Return Index  • 20% S&P/TSX Composite Total Return Index A and BBB • 20% MSCI World Total Return Index below BBB

 Fund (5)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2015 Portfolio

Objective The Pyramis ClearPath Institutional 2015 Fund is designed for investors planning to retire Composition in or around 2015, the Fund’s objective is to seek a high total investment return primarily through Canadian Fixed Income 38.68% investments in a combination of underlying funds, using an asset allocation strategy designed for Foreign Equity 22.31% investors expecting to retire around the target date. United States Equity 11.95% Canadian Equity 11.45% Managed by FIAM LLC Cash & Equivalents 4.56% United States Fixed Income 3.17% Fund managers Pyramis Global Advisors Foreign Fixed Income 1.19% Inception date November 2005 Manulife inception date June 2012 Other 6.69% Total assets $64.7 million Geographic split Canada 52.84% United States 15.20% Japan 3.48% United Kingdom 2.92% Hong Kong 1.59% Switzerland 1.47% India 1.43% Overall past performance Other 21.07% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Canadian Bond Trust 33.34% FIAM Select International Equity Trust 10.68% Manulife Fidelity ClearPath Institutional 2015 Fund - ($16,230) FIAM Emerging Markets Equity Trust 8.76% Blend: Fidelity ClearPath 2015 - ($16,940) Fidelity ClearPath Institutional 2015 Portfolio FIAM U.S. Large Cap Core Non-Registered Trust 7.05% Fidelity Canadian Money Market Fund - Series A 6.28% 15,000 Fidelity Canadian Short Term Bond Series O 6.27% Fidelity US Equity Index 5.40% Fidelity International Growth Series O 4.15% 10,000 FIAM Canadian Core Equity Trust 3.60% FIAM Canadian Systematic Equity Trust 3.49% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -15.63 14.31 7.78 -0.38 5.78 11.53 8.50 5.09 5.64 8.66 Multi-manager Benchmark -12.21 15.79 9.26 1.11 7.05 9.29 7.96 2.82 6.98 8.57 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.50 8.66 7.13 6.44 7.85 - Small Benchmark 3.87 8.57 7.76 6.09 7.10 5.41

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 13.19% S&P/TSX Capped Composite  • 19.79% Russell 3000 A and BBB • 19.79% MSCI EAFE + EM (N) below BBB • 37.58% FTSE TMX Canada Bond Universe • 9.66% FTSE TMX Can 91 Day T-Bill Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Target Date Code 2582 / CP020 Volatility meter Low High Manulife Fidelity ClearPath Institutional 2020 Fund

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2020 Portfolio

Objective The Pyramis ClearPath Institutional 2020 Fund is designed for investors planning to retire Composition in or around 2020, the Fund’s objective is to seek a high total investment return primarily through Canadian Fixed Income 33.44% investments in a combination of underlying funds, using an asset allocation strategy designed for Foreign Equity 25.14% investors expecting to retire around the target date. United States Equity 13.95% Canadian Equity 13.32% Managed by FIAM LLC United States Fixed Income 2.96% Cash & Equivalents 2.76% Fund managers Pyramis Global Advisors Foreign Fixed Income 0.86% Inception date November 2005 Manulife inception date June 2012 Other 7.57% Total assets $350.1 million Underlying fund operating expense (2016) 0.06184% Geographic split Canada 48.00% United States 17.07% Japan 3.56% United Kingdom 3.22% Hong Kong 1.77% Switzerland 1.70% India 1.56% Overall past performance Other 23.12% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Canadian Bond Trust 32.91% FIAM Select International Equity Trust 12.25% Manulife Fidelity ClearPath Institutional 2020 Fund - ($18,403) FIAM Emerging Markets Equity Trust 9.56% Blend: Fidelity ClearPath 2020 - ($17,305) Fidelity ClearPath Institutional 2020 Portfolio FIAM U.S. Large Cap Core Non-Registered Trust 8.24% Fidelity US Equity Index 6.32% Fidelity International Growth Series O 4.76% 15,000 FIAM Canadian Core Equity Trust 4.19% FIAM Canadian Systematic Equity Trust 4.06% FIAM Canadian Focused Equity Trust 4.04% 10,000 Fidelity US Dividend Series O 3.05% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -17.70 21.13 10.89 0.43 5.49 12.33 10.20 5.76 6.28 9.62 Multi-manager Benchmark -17.82 19.60 10.25 1.11 7.73 9.81 9.50 3.06 7.89 9.66 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.87 9.62 7.93 7.20 8.81 - Small Benchmark 4.32 9.66 8.76 6.83 7.95 5.63

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 14.99% S&P/TSX Capped Composite  • 22.48% Russell 3000 A and BBB • 22.48% MSCI EAFE + EM (N) below BBB • 38.63% FTSE TMX Canada Bond Universe • 1.42% FTSE TMX Can 91 Day T-Bill Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2583 / CP025 Volatility meter Low High Manulife Fidelity ClearPath Institutional 2025 Fund

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2025 Portfolio

Objective The Pyramis ClearPath Institutional 2025 Fund is designed for investors planning to retire Composition in or around 2025, the Fund’s objective is to seek a high total investment return primarily through Canadian Fixed Income 28.51% investments in a combination of underlying funds, using an asset allocation strategy designed for Foreign Equity 27.47% investors expecting to retire around the target date. United States Equity 15.60% Canadian Equity 14.85% Managed by FIAM LLC United States Fixed Income 2.76% Cash & Equivalents 1.76% Fund managers Pyramis Global Advisors Foreign Fixed Income 0.70% Inception date November 2005 Manulife inception date June 2012 Other 8.35% Total assets $300.5 million Underlying fund operating expense (2016) 0.06487% Geographic split Canada 43.87% United States 18.49% Japan 3.76% United Kingdom 3.46% Hong Kong 1.91% Switzerland 1.87% India 1.67% Overall past performance Other 24.97% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Canadian Bond Trust 29.65% FIAM Select International Equity Trust 13.53% Manulife Fidelity ClearPath Institutional 2025 Fund - ($19,290) FIAM Emerging Markets Equity Trust 10.24% Blend: Fidelity ClearPath 2025 - ($17,907) Fidelity ClearPath Institutional 2025 Portfolio FIAM U.S. Large Cap Core Non-Registered Trust 9.22% Fidelity US Equity Index 7.07% Fidelity International Growth Series O 5.26% 15,000 FIAM Canadian Core Equity Trust 4.67% FIAM Canadian Systematic Equity Trust 4.52% FIAM Canadian Focused Equity Trust 4.51% 10,000 Fidelity US Dividend Series O 3.41%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -19.16 22.33 12.07 -1.62 6.69 16.01 11.36 6.19 6.63 10.38 Multi-manager Benchmark -19.22 21.06 11.50 -1.04 8.64 12.35 10.36 2.70 8.60 10.48 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.09 10.38 8.47 7.71 10.05 - Small Benchmark 4.61 10.48 9.52 7.20 8.84 5.99

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 16.56% S&P/TSX Capped Composite  • 24.85% Russell 3000 A and BBB • 24.85% MSCI EAFE + EM (N) below BBB • 33.74% FTSE TMX Canada Bond Universe

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2030 Portfolio

Objective The Pyramis ClearPath Institutional 2030 Fund is designed for investors planning to retire Composition in or around 2030, the Fund’s objective is to seek a high total investment return primarily through Foreign Equity 29.60% investments in a combination of underlying funds, using an asset allocation strategy designed for Canadian Fixed Income 23.07% investors expecting to retire around the target date. United States Equity 17.10% Canadian Equity 16.24% Managed by FIAM LLC United States Fixed Income 2.53% Cash & Equivalents 1.72% Fund managers Pyramis Global Advisors Foreign Fixed Income 0.62% Inception date November 2005 Manulife inception date June 2012 Other 9.12% Total assets $503.2 million Underlying fund operating expense (2016) 0.06778% Geographic split Canada 39.81% United States 19.75% Japan 4.07% United Kingdom 3.68% Hong Kong 2.05% Switzerland 2.04% India 1.77% Overall past performance Other 26.83% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Canadian Bond Trust 23.77% FIAM Select International Equity Trust 14.70% Manulife Fidelity ClearPath Institutional 2030 Fund - ($19,068) FIAM Emerging Markets Equity Trust 10.86% Blend: Fidelity ClearPath 2030 - ($17,670) Fidelity ClearPath Institutional 2030 Portfolio FIAM U.S. Large Cap Core Non-Registered Trust 10.12% Fidelity US Equity Index 7.76% Fidelity International Growth Series O 5.71% 15,000 FIAM Canadian Core Equity Trust 5.11% FIAM Canadian Systematic Equity Trust 4.95% FIAM Canadian Focused Equity Trust 4.93% 10,000 Fidelity US Dividend Series O 3.74%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -23.42 24.92 12.61 -2.60 6.95 17.34 11.71 6.38 6.96 10.94 Multi-manager Benchmark -23.54 23.92 12.00 -1.89 8.99 13.35 10.60 2.08 9.40 11.23 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.24 10.94 8.92 8.07 10.59 - Small Benchmark 4.84 11.23 10.30 7.49 9.26 5.85

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 18.19% S&P/TSX Capped Composite  • 27.29% Russell 3000 A and BBB • 27.29% MSCI EAFE + EM (N) below BBB • 27.24% FTSE TMX Canada Bond Universe

 Fund (8)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2035 Portfolio

Objective The Pyramis ClearPath Institutional 2035 Fund is designed for investors planning to retire Composition in or around 2035, the Fund’s objective is to seek a high total investment return primarily through Foreign Equity 34.49% investments in a combination of underlying funds, using an asset allocation strategy designed for United States Equity 20.58% investors expecting to retire around the target date. Canadian Equity 19.49% Canadian Fixed Income 9.67% Managed by FIAM LLC Cash & Equivalents 2.50% United States Fixed Income 1.94% Fund managers Pyramis Global Advisors Foreign Fixed Income 0.45% Inception date November 2005 Manulife inception date June 2012 Other 10.88% Total assets $232.2 million Underlying fund operating expense (2016) 0.07408% Geographic split Canada 29.88% United States 22.79% Japan 4.83% United Kingdom 4.21% Switzerland 2.43% Hong Kong 2.36% India 2.02% Overall past performance Other 31.48% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Select International Equity Trust 17.41% FIAM Emerging Markets Equity Trust 12.25% Manulife Fidelity ClearPath Institutional 2035 Fund - ($19,897) FIAM U.S. Large Cap Core Non-Registered Trust 12.19% Blend: Fidelity ClearPath 2035 - ($18,368) Fidelity ClearPath Institutional 2035 Portfolio Fidelity US Equity Index 9.35% 20,000 FIAM Canadian Bond Trust 9.30% Fidelity International Growth Series O 6.77% FIAM Canadian Core Equity Trust 6.13% 15,000 FIAM Canadian Systematic Equity Trust 5.94% FIAM Canadian Focused Equity Trust 5.92% 10,000 Fidelity US Dividend Series O 4.51%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -24.62 26.16 13.52 -4.49 7.77 20.41 12.23 6.54 7.98 12.41 Multi-manager Benchmark -24.88 25.39 12.83 -3.86 9.63 15.61 10.95 1.66 11.22 13.04 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.64 12.41 10.16 8.94 11.80 - Small Benchmark 5.41 13.04 12.11 8.52 10.39 6.26

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 21.86% S&P/TSX Capped Composite  • 32.79% Russell 3000 A and BBB • 32.79% MSCI EAFE + EM (N) below BBB • 12.55% FTSE TMX Canada Bond Universe

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2040 Portfolio

Objective The Pyramis ClearPath Institutional 2040 Fund is designed for investors planning to retire Composition in or around 2040, the Fund’s objective is to seek a high total investment return primarily through Foreign Equity 37.06% investments in a combination of underlying funds, using an asset allocation strategy designed for United States Equity 22.40% investors expecting to retire around the target date. Canadian Equity 21.18% Canadian Fixed Income 2.88% Managed by FIAM LLC Cash & Equivalents 2.67% United States Fixed Income 1.64% Fund managers Pyramis Global Advisors Foreign Fixed Income 0.36% Inception date November 2005 Manulife inception date June 2012 Other 11.81% Total assets $337.4 million Underlying fund operating expense (2016) 0.07586% Geographic split Canada 24.78% United States 24.33% Japan 5.22% United Kingdom 4.48% Switzerland 2.63% Hong Kong 2.53% India 2.14% Overall past performance Other 33.89% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Select International Equity Trust 18.82% FIAM U.S. Large Cap Core Non-Registered Trust 13.28% Manulife Fidelity ClearPath Institutional 2040 Fund - ($20,060) FIAM Emerging Markets Equity Trust 12.99% Blend: Fidelity ClearPath 2040 - ($18,427) Fidelity ClearPath Institutional 2040 Portfolio Fidelity US Equity Index 10.18% 20,000 Fidelity International Growth Series O 7.32% FIAM Canadian Core Equity Trust 6.67% FIAM Canadian Systematic Equity Trust 6.45% 15,000 FIAM Canadian Focused Equity Trust 6.43% Fidelity US Dividend Series O 4.91% 10,000 FIAM U.S. Small/Mid Cap Core Trust 4.80%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -25.76 27.10 13.68 -4.85 7.92 21.44 12.49 6.72 7.99 12.89 Multi-manager Benchmark -26.13 26.45 13.01 -4.13 9.81 16.42 11.04 1.11 11.50 13.78 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.82 12.89 10.40 9.16 12.18 - Small Benchmark 5.67 13.78 12.62 8.64 10.64 6.30

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.0% S&P/TSX Capped Composite  • 34.5% Russell 3000 A and BBB • 34.5% MSCI EAFE + EM (N) below BBB • 7.9% FTSE TMX Canada Bond Universe

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2045 Portfolio

Objective The Pyramis ClearPath Institutional 2045 Fund is designed for investors planning to retire Composition in or around 2045, the Fund’s objective is to seek a high total investment return primarily through Foreign Equity 36.99% investments in a combination of underlying funds, using an asset allocation strategy designed for United States Equity 22.36% investors expecting to retire around the target date. Canadian Equity 21.15% Canadian Fixed Income 2.88% Managed by FIAM LLC Cash & Equivalents 2.84% United States Fixed Income 1.64% Fund managers Pyramis Global Advisors Foreign Fixed Income 0.35% Inception date November 2005 Manulife inception date June 2012 Other 11.79% Total assets $174.8 million Underlying fund operating expense (2016) 0.07586% Geographic split Canada 24.74% United States 24.29% Japan 5.21% United Kingdom 4.48% Switzerland 2.62% Hong Kong 2.52% India 2.14% Overall past performance Other 34.00% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Select International Equity Trust 18.79% FIAM U.S. Large Cap Core Non-Registered Trust 13.26% Manulife Fidelity ClearPath Institutional 2045 Fund - ($20,130) FIAM Emerging Markets Equity Trust 12.96% Blend: Fidelity ClearPath 2045 - ($18,428) Fidelity ClearPath Institutional 2045 Portfolio Fidelity US Equity Index 10.16% 20,000 Fidelity International Growth Series O 7.30% FIAM Canadian Core Equity Trust 6.66% FIAM Canadian Systematic Equity Trust 6.44% 15,000 FIAM Canadian Focused Equity Trust 6.42% Fidelity US Dividend Series O 4.90% 10,000 FIAM U.S. Small/Mid Cap Core Trust 4.79%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -26.05 27.49 13.98 -5.35 8.03 22.24 12.41 6.58 7.98 13.01 Multi-manager Benchmark -26.43 26.90 13.32 -4.72 9.97 16.97 11.10 0.86 11.48 13.78 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.84 13.01 10.45 9.15 12.31 - Small Benchmark 5.67 13.78 12.60 8.55 10.69 6.30

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.0% S&P/TSX Capped Composite  • 34.5% Russell 3000 A and BBB • 34.5% MSCI EAFE + EM (N) below BBB • 7.9% FTSE TMX Canada Bond Universe

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2050 Portfolio

Objective The Pyramis ClearPath Institutional 2050 Fund is designed for investors planning to retire Composition in or around 2050, the Fund’s objective is to seek a high total investment return primarily through Foreign Equity 36.89% investments in a combination of underlying funds, using an asset allocation strategy designed for United States Equity 22.30% investors expecting to retire around the target date. Canadian Equity 21.09% Cash & Equivalents 3.10% Managed by FIAM LLC Canadian Fixed Income 2.87% United States Fixed Income 1.64% Fund managers Pyramis Global Advisors Foreign Fixed Income 0.35% Inception date June 2011 Manulife inception date June 2012 Other 11.76% Total assets $52.7 million Underlying fund operating expense (2016) 0.07244% Geographic split Canada 24.67% United States 24.22% Japan 5.20% United Kingdom 4.46% Switzerland 2.62% Hong Kong 2.52% India 2.13% Overall past performance Other 34.18% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Select International Equity Trust 18.74% FIAM U.S. Large Cap Core Non-Registered Trust 13.22% Manulife Fidelity ClearPath Institutional 2050 Fund - ($18,608) FIAM Emerging Markets Equity Trust 12.93% Blend: Fidelity ClearPath 2050 - ($18,376) Fidelity ClearPath Institutional 2050 Portfolio Fidelity International Growth Series O 7.29% FIAM Canadian Core Equity Trust 6.64%

FIAM Canadian Systematic Equity Trust 6.43% 15,000 FIAM Canadian Focused Equity Trust 6.40% Fidelity US Equity Index 5.07% Fidelity US Equity Institutional Trust Fund 5.07% 10,000 Fidelity US Dividend Series O 4.89%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - - - - 13.14 22.53 12.73 6.57 7.89 12.95 Multi-manager Benchmark ------0.58 11.47 13.78 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.82 12.95 10.37 9.09 12.39 - Small Benchmark 5.67 13.78 12.60 8.44 - -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.0% S&P/TSX Capped Composite  • 34.5% Russell 3000 A and BBB • 34.5% MSCI EAFE + EM (N) below BBB • 7.9% FTSE TMX Canada Bond Universe

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst 2055 Portfolio

Objective The Pyramis ClearPath Institutional 2055 Fund is designed for investors planning to retire Composition in or around 2055, the Fund’s objective is to seek a high total investment return primarily through Foreign Equity 36.88% investments in a combination of underlying funds, using an asset allocation strategy designed for United States Equity 22.29% investors expecting to retire around the target date. Canadian Equity 21.09% Cash & Equivalents 3.12% Managed by FIAM LLC Canadian Fixed Income 2.87% United States Fixed Income 1.64% Fund managers Pyramis Global Advisors Foreign Fixed Income 0.35% Inception date October 2012 Manulife inception date May 2013 Other 11.76% Total assets $29.3 million Underlying fund operating expense (2016) 0.07245% Geographic split Canada 24.67% United States 24.22% Japan 5.20% United Kingdom 4.46% Switzerland 2.62% Hong Kong 2.51% India 2.13% Overall past performance Other 34.19% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Select International Equity Trust 18.73% FIAM U.S. Large Cap Core Non-Registered Trust 13.22% Manulife Fidelity ClearPath Institutional 2055 Fund - ($18,670) FIAM Emerging Markets Equity Trust 12.92% Blend: Fidelity ClearPath 2055 - ($18,029) Fidelity ClearPath Institutional 2055 Portfolio Fidelity US Equity Index 10.13% Fidelity International Growth Series O 7.28%

FIAM Canadian Core Equity Trust 6.64% 15,000 FIAM Canadian Systematic Equity Trust 6.43% FIAM Canadian Focused Equity Trust 6.40% Fidelity US Dividend Series O 4.89% 10,000 FIAM U.S. Small/Mid Cap Core Trust 4.78%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - - - - - 22.59 12.74 6.63 7.89 12.93 Multi-manager Benchmark ------0.48 11.47 13.78 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.81 12.93 10.37 9.11 - - Small Benchmark 5.67 13.78 12.60 8.41 - -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.0% S&P/TSX Capped Composite  • 34.5% Russell 3000 A and BBB • 34.5% MSCI EAFE + EM (N) below BBB • 7.9% FTSE TMX Canada Bond Universe

 Fund (4)  Benchmark (3) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath® Inst Income Portfolio

Objective The Pyramis ClearPath Institutional Income Fund is managed to deliver high current Composition income, and as a secondary objective, capital appreciation through investments in a combination of Canadian Fixed Income 56.12% underlying funds, using an asset allocation strategy designed for investors already in retirement. Cash & Equivalents 13.60% Foreign Equity 11.63% Managed by FIAM LLC Canadian Equity 4.43% Fund managers Pyramis Global Advisors United States Equity 4.40% United States Fixed Income 3.83% Inception date November 2005 Manulife inception date June 2012 Foreign Fixed Income 2.56% Total assets $22.0 million Underlying fund operating expense (2016) Other 3.43% 0.03121% Geographic split Canada 70.14% United States 8.25% Japan 3.47% United Kingdom 1.78% France 1.18% Hong Kong 0.91% India 0.91% Overall past performance Other 13.36% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FIAM Canadian Bond Trust 29.50% Fidelity Canadian Money Market Fund - Series A 23.51% Manulife Fidelity ClearPath Institutional Income Fund - ($15,971) Fidelity Canadian Short Term Bond Series O 23.27% Blend: Fidelity ClearPath Income - ($14,833) Fidelity ClearPath Institutional Income Portfolio FIAM Emerging Markets Equity Trust 5.67% FIAM Select International Equity Trust 4.80% 15,000 FIAM U.S. Large Cap Core Non-Registered Trust 2.54% Fidelity American High Yield Currency Neutral O 2.05% Fidelity US Equity Institutional Trust Fund 1.95% 10,000 Fidelity International Growth Series O 1.87% FIAM Canadian Core Equity Trust 1.39% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -6.42 12.53 7.17 1.39 3.68 8.26 7.59 4.24 3.21 4.91 Multi-manager Benchmark -7.16 11.23 6.68 1.56 5.55 6.82 6.77 2.39 3.26 4.17 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.06 4.91 4.05 4.11 5.62 - Small Benchmark 2.07 4.17 3.71 3.27 4.66 4.02

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 5.29% S&P/TSX Capped Composite  • 7.94% Russell 3000 A and BBB • 7.94% MSCI EAFE + EM (N) below BBB • 35.00% FTSE TMX Canada Bond Universe • 43.83% FTSE TMX Can 91 Day T-Bill Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5292 / BAGUA Volatility meter Low High Manulife Guardian Balanced Fund

 Fund (6)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Guardian Balanced Series I

Objective The Guardian Balanced Fund is managed to achieve a balance between long-term Composition growth of capital and reasonable income through diversified investments in equity or equity-related Canadian Fixed Income 35.87% securities and in fixed income securities, either long term or short term. Canadian Equity 34.75% United States Equity 15.77% Managed by Guardian Capital LP Foreign Equity 9.74% Fund managers Guardian Capital LP Cash & Equivalents 2.63% United States Fixed Income 0.22% Inception date March 2011 Manulife inception date June 1999 Other 1.02% Total assets $58.9 million Underlying fund operating expense (2016) 0.19% Geographic split Canada 73.09% United States 16.41% United Kingdom 1.89% Japan 1.36% France 1.24% Netherlands 0.83% Spain 0.80% Overall past performance Other 4.38% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) Guardian Canadian Bond Series I 37.75% Guardian Canadian Equity Series I 34.37% Guardian Global Equity Series I 14.22% Manulife Guardian Balanced Fund - ($17,158) Guardian Capital Global Bal - ($17,391) Guardian Global Dividend Growth Series I 13.45%

15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -14.71 15.48 9.81 -4.26 8.51 11.31 11.75 5.55 7.18 8.52 Fundamental, Bottom-up Benchmark -16.75 16.78 10.47 0.01 7.47 12.42 10.93 3.05 8.80 7.75 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.12 8.52 7.83 7.07 8.83 5.54 Small Benchmark 3.77 7.75 8.26 6.50 8.54 5.68

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Benchmark changed as at January, 2016. Over the long term, this fund is expected to outperform a AAA and AA benchmark comprised of the following:  • 40.00% - S&P/TSX Capped Composite Index A and BBB • 35.00% - FTSE TMX Canada Universe Bond Index below BBB • 25.00% - MSCI World - Net C$

 Fund (5)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2015 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money Canadian Fixed Income 37.68% market instruments. From inception, through to its target date in 2015 and for a period of United States Equity 17.32% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Foreign Equity 16.99% Canadian Equity 8.84% securities of fixed-income mandates and money market mandates. Cash & Equivalents 7.62% Managed by FIAM LLC United States Fixed Income 3.43% Foreign Fixed Income 1.00% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 7.12% Inception date August 2008 Manulife inception date March 2009 Total assets $320.8 million Underlying fund operating expense (2016) Geographic split In IMF Canada 49.32% United States 21.76% China 2.07% United Kingdom 1.94% Japan 1.83% India 1.24% Germany 1.16% Overall past performance Other 20.68% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity Canadian Bond Fund - Series O 32.27% Fidelity American Disciplined Equity Fund Series O 12.36% Manulife Fidelity ClearPath 2015 Portfolio - ($18,780) Fidelity Emerging Markets Fund Series O 8.78% Blend: Fidelity ClearPath 2015 - ($17,061) Fidelity ClearPath 2015 Portfolio - Series O Fidelity International Disciplined Equity Series O 6.95% Fidelity International Eq Investment Trust Sr O 6.20%

Fidelity Canadian Money Market Fund - Series A 6.03% 15,000 Fidelity Canadian Short Term Bond Series O 6.01% Fidelity Canadian Disciplined Equity Fund Series O 3.81% Fidelity Canadian Large Cap Series O 3.52% 10,000 Fidelity True North Fund Series O 2.83%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 18.04 10.53 2.32 8.73 13.10 9.33 5.78 5.36 9.76 Multi-manager Benchmark -12.21 15.79 9.26 1.11 7.05 9.29 7.96 2.82 6.98 8.57 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.78 9.76 7.53 6.94 8.62 - Small Benchmark 3.87 8.57 7.76 6.09 7.10 5.41

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 13.19% S&P/TSX Capped Composite  • 19.79% Russell 3000 A and BBB • 19.79% MSCI EAFE + EM (N) below BBB • 37.58% FTSE TMX Canada Bond Universe • 9.66% FTSE TMX Can 91 Day T-Bill Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2143 / YFTH2 Volatility meter Low High Manulife Fidelity ClearPath 2020 Portfolio

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2020 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money Canadian Fixed Income 32.65% market instruments. From inception, through to its target date in 2020 and for a period of United States Equity 20.20% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Foreign Equity 19.05% Canadian Equity 10.27% securities of fixed-income mandates and money market mandates. Cash & Equivalents 5.91% Managed by FIAM LLC United States Fixed Income 3.26% Foreign Fixed Income 0.69% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 7.97% Inception date August 2008 Manulife inception date March 2009 Total assets $763.0 million Underlying fund operating expense (2016) Geographic split In IMF Canada 44.15% United States 24.62% China 2.26% United Kingdom 2.11% Japan 1.66% India 1.36% Germany 1.32% Overall past performance Other 22.52% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity Canadian Bond Fund - Series O 31.83% Fidelity American Disciplined Equity Fund Series O 14.45% Manulife Fidelity ClearPath 2020 Portfolio - ($19,318) Fidelity Emerging Markets Fund Series O 9.58% Blend: Fidelity ClearPath 2020 - ($17,551) Fidelity ClearPath 2020 Portfolio - Series O Fidelity International Disciplined Equity Series O 7.96% Fidelity International Eq Investment Trust Sr O 7.10% Fidelity Canadian Disciplined Equity Fund Series O 4.43% 15,000 Fidelity Canadian Large Cap Series O 4.09% Fidelity True North Fund Series O 3.29% Fidelity Small Cap America Series O 3.06% 10,000 Fidelity US Dividend Series O 2.92%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 21.98 11.97 2.28 9.50 13.82 10.80 6.29 5.90 10.77 Multi-manager Benchmark -17.82 19.60 10.25 1.11 7.73 9.81 9.50 3.06 7.89 9.66 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.16 10.77 8.30 7.62 9.47 - Small Benchmark 4.32 9.66 8.76 6.83 7.95 5.63

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 14.99% S&P/TSX Capped Composite  • 22.48% Russell 3000 A and BBB • 22.48% MSCI EAFE + EM (N) below BBB • 38.63% FTSE TMX Canada Bond Universe • 1.42% FTSE TMX Can 91 Day T-Bill Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2144 / 25HTP Volatility meter Low High Manulife Fidelity ClearPath 2025 Portfolio

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2025 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money Canadian Fixed Income 27.77% market instruments. From inception, through to its target date in 2025 and for a period of United States Equity 22.46% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Foreign Equity 20.68% Canadian Equity 11.39% securities of fixed-income mandates and money market mandates. Cash & Equivalents 5.42% Managed by FIAM LLC United States Fixed Income 3.07% Foreign Fixed Income 0.54% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 8.67% Inception date August 2008 Manulife inception date March 2009 Total assets $861.6 million Underlying fund operating expense (2016) Geographic split In IMF Canada 39.78% United States 26.80% China 2.41% United Kingdom 2.25% Japan 1.66% Germany 1.46% India 1.45% Overall past performance Other 24.19% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity Canadian Bond Fund - Series O 28.54% Fidelity American Disciplined Equity Fund Series O 16.10% Manulife Fidelity ClearPath 2025 Portfolio - ($20,410) Fidelity Emerging Markets Fund Series O 10.21% Blend: Fidelity ClearPath 2025 - ($18,219) Fidelity ClearPath 2025 Portfolio - Series O Fidelity International Disciplined Equity Series O 8.75% Fidelity International Eq Investment Trust Sr O 7.81% 20,000 Fidelity Canadian Disciplined Equity Fund Series O 4.92% Fidelity Canadian Large Cap Series O 4.54% 15,000 Fidelity True North Fund Series O 3.65% Fidelity Small Cap America Series O 3.41% 10,000 Fidelity US Dividend Series O 3.25%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 23.18 12.89 0.69 10.53 18.00 12.01 6.65 6.23 11.50 Multi-manager Benchmark -19.22 21.06 11.50 -1.04 8.64 12.35 10.36 2.70 8.60 10.48 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.41 11.50 8.82 8.09 10.79 - Small Benchmark 4.61 10.48 9.52 7.20 8.84 5.99

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 16.56% S&P/TSX Capped Composite  • 24.85% Russell 3000 A and BBB • 24.85% MSCI EAFE + EM (N) below BBB • 33.74% FTSE TMX Canada Bond Universe

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2030 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money United States Equity 24.52% market instruments. From inception, through to its target date in 2030 and for a period of Canadian Fixed Income 22.45% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Foreign Equity 22.16% Canadian Equity 12.42% securities of fixed-income mandates and money market mandates. Cash & Equivalents 5.77% Managed by FIAM LLC United States Fixed Income 2.83% Foreign Fixed Income 0.49% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 9.36% Inception date August 2008 Manulife inception date March 2009 Total assets $657.2 million Underlying fund operating expense (2016) Geographic split In IMF Canada 35.52% United States 28.74% China 2.55% United Kingdom 2.37% Japan 1.79% Germany 1.57% India 1.53% Overall past performance Other 25.93% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity Canadian Bond Fund - Series O 22.80% Fidelity American Disciplined Equity Fund Series O 17.60% Manulife Fidelity ClearPath 2030 Portfolio - ($20,431) Fidelity Emerging Markets Fund Series O 10.79% Blend: Fidelity ClearPath 2030 - ($18,092) Fidelity ClearPath 2030 Portfolio - Series O Fidelity International Disciplined Equity Series O 9.48% Fidelity International Eq Investment Trust Sr O 8.46% 20,000 Fidelity Canadian Disciplined Equity Fund Series O 5.36% Fidelity Canadian Large Cap Series O 4.95% 15,000 Fidelity True North Fund Series O 3.98% Fidelity Small Cap America Series O 3.73% 10,000 Fidelity US Dividend Series O 3.56%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 26.23 13.52 -0.01 10.97 19.24 12.44 6.83 6.60 12.18 Multi-manager Benchmark -23.54 23.92 12.00 -1.89 8.99 13.35 10.60 2.08 9.40 11.23 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.59 12.18 9.34 8.50 11.36 - Small Benchmark 4.84 11.23 10.30 7.49 9.26 5.85

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 18.19% S&P/TSX Capped Composite  • 27.29% Russell 3000 A and BBB • 27.29% MSCI EAFE + EM (N) below BBB • 27.24% FTSE TMX Canada Bond Universe

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2035 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money United States Equity 29.52% market instruments. From inception, through to its target date in 2035 and for a period of Foreign Equity 25.74% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Canadian Equity 14.91% Canadian Fixed Income 9.59% securities of fixed-income mandates and money market mandates. Cash & Equivalents 6.57% Managed by FIAM LLC United States Fixed Income 2.26% Foreign Fixed Income 0.39% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 11.02% Inception date August 2008 Manulife inception date April 2009 Total assets $482.4 million Underlying fund operating expense (2016) Geographic split In IMF United States 33.42% Canada 25.24% China 2.88% United Kingdom 2.68% Japan 2.11% Germany 1.86% India 1.73% Overall past performance Other 30.08% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity American Disciplined Equity Fund Series O 21.23% Fidelity Emerging Markets Fund Series O 12.18% Manulife Fidelity ClearPath 2035 Portfolio - ($22,479) Fidelity International Disciplined Equity Series O 11.23% Blend: Fidelity ClearPath 2035 - ($18,860) Fidelity ClearPath 2035 Portfolio - Series O Fidelity International Eq Investment Trust Sr O 10.02% Fidelity Canadian Bond Fund - Series O 8.93% 20,000 Fidelity Canadian Disciplined Equity Fund Series O 6.44% Fidelity Canadian Large Cap Series O 5.95% 15,000 Fidelity True North Fund Series O 4.78% Fidelity Small Cap America Series O 4.49% Fidelity US Dividend Series O 4.29% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 27.62 14.53 -1.34 11.71 23.02 13.09 7.09 7.67 13.80 Multi-manager Benchmark -24.88 25.39 12.83 -3.86 9.63 15.61 10.95 1.66 11.22 13.04 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 5.04 13.80 10.68 9.47 12.78 - Small Benchmark 5.41 13.04 12.11 8.52 10.39 6.26

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 21.86% S&P/TSX Capped Composite  • 32.79% Russell 3000 A and BBB • 32.79% MSCI EAFE + EM (N) below BBB • 12.55% FTSE TMX Canada Bond Universe

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2040 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money United States Equity 32.04% market instruments. From inception, through to its target date in 2040 and for a period of Foreign Equity 27.56% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Canadian Equity 16.18% Cash & Equivalents 6.99% securities of fixed-income mandates and money market mandates. Canadian Fixed Income 3.05% Managed by FIAM LLC United States Fixed Income 1.97% Foreign Fixed Income 0.33% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 11.88% Inception date August 2008 Manulife inception date April 2009 Total assets $319.6 million Underlying fund operating expense (2016) Geographic split In IMF United States 35.79% Canada 20.02% China 3.05% United Kingdom 2.83% Japan 2.27% Germany 2.01% India 1.83% Overall past performance Other 32.20% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity American Disciplined Equity Fund Series O 23.07% Fidelity Emerging Markets Fund Series O 12.89% Manulife Fidelity ClearPath 2040 Portfolio - ($22,851) Fidelity International Disciplined Equity Series O 12.12% Blend: Fidelity ClearPath 2040 - ($18,954) Fidelity ClearPath 2040 Portfolio - Series O Fidelity International Eq Investment Trust Sr O 10.81% Fidelity Canadian Disciplined Equity Fund Series O 6.99% 20,000 Fidelity Canadian Large Cap Series O 6.45% Fidelity True North Fund Series O 5.18% Fidelity Small Cap America Series O 4.88% 15,000 Fidelity US Dividend Series O 4.66% Fidelity Dividend Investment Trust Series O 2.16% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 28.60 14.86 -1.55 11.93 24.17 13.43 7.22 7.74 14.41 Multi-manager Benchmark -26.13 26.45 13.01 -4.13 9.81 16.42 11.04 1.11 11.50 13.78 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 5.25 14.41 11.01 9.73 13.23 - Small Benchmark 5.67 13.78 12.62 8.64 10.64 6.30

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.0% S&P/TSX Capped Composite  • 34.5% Russell 3000 A and BBB • 34.5% MSCI EAFE + EM (N) below BBB • 7.9% FTSE TMX Canada Bond Universe

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2045 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money United States Equity 32.05% market instruments. From inception, through to its target date in 2045 and for a period of Foreign Equity 27.56% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Canadian Equity 16.18% Cash & Equivalents 6.99% securities of fixed-income mandates and money market mandates. Canadian Fixed Income 3.05% Managed by FIAM LLC United States Fixed Income 1.97% Foreign Fixed Income 0.33% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 11.87% Inception date August 2008 Manulife inception date April 2009 Total assets $262.3 million Underlying fund operating expense (2016) Geographic split In IMF United States 35.79% Canada 20.02% China 3.05% United Kingdom 2.83% Japan 2.27% Germany 2.01% India 1.83% Overall past performance Other 32.20% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity American Disciplined Equity Fund Series O 23.07% Fidelity Emerging Markets Fund Series O 12.89% Manulife Fidelity ClearPath 2045 Portfolio - ($22,797) Fidelity International Disciplined Equity Series O 12.12% Blend: Fidelity ClearPath 2045 - ($18,959) Fidelity ClearPath 2045 Portfolio - Series O Fidelity International Eq Investment Trust Sr O 10.81% Fidelity Canadian Disciplined Equity Fund Series O 6.99% 20,000 Fidelity Canadian Large Cap Series O 6.45% Fidelity True North Fund Series O 5.18% Fidelity Small Cap America Series O 4.88% 15,000 Fidelity US Dividend Series O 4.66% Fidelity Dividend Investment Trust Series O 2.16% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 28.98 14.66 -2.06 12.08 25.12 13.69 7.17 7.69 14.41 Multi-manager Benchmark -26.43 26.90 13.32 -4.72 9.97 16.97 11.10 0.86 11.48 13.78 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 5.25 14.41 10.98 9.70 13.43 - Small Benchmark 5.67 13.78 12.60 8.55 10.69 6.30

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.0% S&P/TSX Capped Composite  • 34.5% Russell 3000 A and BBB • 34.5% MSCI EAFE + EM (N) below BBB • 7.9% FTSE TMX Canada Bond Universe

 Fund (4)  Benchmark (3) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath Income Portfolio - Series O

Objective The portfolio aims to achieve a combination of a steady flow of income with the Composition potential for capital gain. The portfolio uses an asset allocation strategy and invests in underlying Canadian Fixed Income 54.88% Fidelity Funds that invest primarily in a mix of equity securities, fixed-income securities and money Cash & Equivalents 15.49% market instruments. The portfolio’s expected target allocation is approximately 30% equity, 35% Foreign Equity 9.23% United States Equity 6.54% fixed-income, and 35% money market instruments and short-term bonds. United States Fixed Income 3.96% Managed by FIAM LLC Canadian Equity 3.47% Foreign Fixed Income 2.35% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 4.08% Inception date August 2008 Manulife inception date March 2009 Total assets $270.8 million Underlying fund operating expense (2016) Geographic split In IMF Canada 68.21% United States 10.95% Japan 2.69% China 1.35% United Kingdom 1.29% France 1.15% India 0.81% Overall past performance Other 13.55% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity Canadian Bond Fund - Series O 28.91% Fidelity Canadian Money Market Fund - Series A 22.66% Manulife Fidelity ClearPath Income Portfolio - ($16,648) Fidelity Canadian Short Term Bond Series O 22.60% Blend: Fidelity ClearPath Income - ($14,805) Fidelity ClearPath Income Portfolio - Series O Fidelity Emerging Markets Fund Series O 5.76% Fidelity American Disciplined Equity Fund Series O 4.52% 15,000 Fidelity International Disciplined Equity Series O 3.16% Fidelity International Eq Investment Trust Sr O 2.82% Fidelity American High Yield Currency Neutral O 1.99% 10,000 Fidelity Canadian Disciplined Equity Fund Series O 1.49% Fidelity Canadian Large Cap Series O 1.38% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 13.65 7.99 2.95 7.16 9.44 8.11 4.91 3.05 5.58 Multi-manager Benchmark -7.16 11.23 6.68 1.56 5.55 6.82 6.77 2.39 3.26 4.17 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.23 5.58 4.30 4.50 6.19 - Small Benchmark 2.07 4.17 3.71 3.27 4.66 4.02

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 5.29% S&P/TSX Capped Composite  • 7.94% Russell 3000 A and BBB • 7.94% MSCI EAFE + EM (N) below BBB • 35.00% FTSE TMX Canada Bond Universe • 43.83% FTSE TMX Can 91 Day T-Bill Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5242 / BSLJF Volatility meter Low High Manulife Balanced Fund (Jarislowsky Fraser)

 Fund (6)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> JF Balanced Fund (Registered Plans Only)

Objective The Jarislowsky Fraser Balanced Fund is a diversified portfolio consisting of fixed income Composition assets, North American equities and International equities. It seeks to add value through longer-term Fixed income 31.90% asset mix positioning and stock selection rather than short-term trading. The portfolio’s volatility Canadian equity 30.20% is kept to a minimum by implementing only incremental asset mix changes and buying large cap, Foreign equity 15.10% United States equity 14.10% blue-chip equity holdings and high quality, non-cyclical bonds. Cash & equivalents 7.20% Managed by Jarislowsky Fraser Limited Emerging Market 1.50% Fund managers Jarislowsky Fraser - Mgmt. Team Inception date April 1997 Manulife inception date September 1998 Total assets $2,069.2 million

Top holdings within the underlying fund (As at December 31, 2017) Toronto-Dominion Bank 2.70% Royal Bank of Canada 2.20% Bank of Nova Scotia 1.90% Overall past performance Enbridge Inc. 1.70% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Canada Housing Trust 2.35 6/15/2027 1.50% have been deducted. Canadian National Railway Company 1.50% Canada Housing Trust 1.15 12/15/2021 1.40% Canadian Natural Resources Limited 1.40% Manulife Financial Corporation 1.20% Manulife Balanced Fund (Jarislowsky Fraser) - ($19,924) Blend: JF Balanced - ($17,092) Province of Ontario 2.40 6/2/2026 1.10% 20,000

15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -12.38 14.65 7.14 2.00 10.71 18.54 11.83 8.88 6.25 6.90 Fundamental, Bottom-up Benchmark -14.59 14.99 9.56 0.46 7.24 11.75 10.05 3.69 7.52 7.53 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.33 6.90 6.57 7.33 10.38 7.13 Small Benchmark 3.55 7.53 7.52 6.23 8.07 5.50

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Benchmark changed as at January 1, 2007. Over the long term, this fund is expected to outperform AAA and AA a benchmark comprised of the following:  • 39.0% FTSE TMX Universe Bond Index A and BBB • 30.0% S&P/TSX Total Return Index below BBB • 12.5% S&P 500 Index ($ Cdn) • 12.5% MSCI EAFE Index ($ Cdn) Note: All rates of return are shown before investment management fees or taxes • 6.0% FTSE TMX 91 Day Treasury Bill Index have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Balanced Code 5585 / FGPDV Volatility meter Low High Manulife FGP Diversified Fund

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> FGP Balanced Fund

Objective The Diversified Fund (Foyston, Gordon & Payne) is managed to generate an attractive Composition total investment return through income and long-term capital growth. To achieve this objective, the Canadian Equity 36.90% Fund invests primarily in a diversified mix of equity and fixed-income securities. Canadian Fixed Income 30.59% Foreign Equity 15.82% Managed by Foyston, Gordon & Payne Inc United States Equity 11.98% Fund managers Foyston Gordon & Payne Inc. Cash & Equivalents 4.29% United States Fixed Income 0.36% Inception date January 1994 Manulife inception date December 2014 Other 0.06% Total assets $241.7 million

Geographic split Canada 70.94% United States 13.12% United Kingdom 3.69% France 2.45% Ireland 2.17% Germany 1.64% Netherlands 1.19% Overall past performance Other 4.80% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. FGP Canadian Balanced Fund 67.79% FGP International Fund 15.13% Manulife FGP Diversified Fund - ($19,611) FGP US Equity Fund 14.57% FGP Balanced Blended Benchmark - ($17,700) FGP Balanced Fund FGP Short Term Investment Fund 2.49%

15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -16.38 21.32 10.57 2.60 8.67 18.88 8.43 0.50 11.04 9.01 Fundamental, Bottom-up Benchmark -18.14 17.30 10.37 -0.56 8.11 14.17 10.87 4.03 8.60 8.64 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.11 9.01 10.00 6.74 - - Small Benchmark 3.96 8.64 8.61 7.06 9.21 5.87  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 35% FTSE TMX Universe Bond Index • 35% S&P/TSX Composite Total Return Index A and BBB  • 15% S&P 500 Index ($ Cdn) below BBB • 15% MSCI EAFE Index ($ Cdn)

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2055 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money United States Equity 32.03% market instruments. From inception, through to its target date in 2055 and for a period of Foreign Equity 27.54% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Canadian Equity 16.18% Cash & Equivalents 7.03% securities of fixed-income mandates and money market mandates. Canadian Fixed Income 3.05% Managed by FIAM LLC United States Fixed Income 1.98% Foreign Fixed Income 0.33% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 11.86% Inception date July 2014 Manulife inception date November 2014 Total assets $35.1 million Underlying fund operating expense (2016) Geographic split In IMF United States 35.77% Canada 20.02% China 3.04% United Kingdom 2.83% Japan 2.27% Germany 2.01% India 1.82% Overall past performance Other 32.24% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity American Disciplined Equity Fund Series O 23.05% Fidelity Emerging Markets Fund Series O 12.87% Manulife Fidelity ClearPath 2055 Portfolio - ($13,945) Fidelity International Disciplined Equity Series O 12.12% Blend: Fidelity ClearPath 2055 - ($12,736) Fidelity ClearPath 2055 Portfolio - Series O Fidelity International Eq Investment Trust Sr O 10.80% 14,000 Fidelity Canadian Disciplined Equity Fund Series O 6.99% Fidelity Canadian Large Cap Series O 6.45% 12,000 Fidelity True North Fund Series O 5.18% 10,000 Fidelity Small Cap America Series O 4.88% 8,000 Fidelity US Dividend Series O 4.66% Fidelity Dividend Investment Trust Series O 2.16% 6,000 4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund ------7.15 7.60 14.35 Benchmark ------0.48 11.47 13.78 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 5.23 14.35 10.91 9.64 - - Small Benchmark 5.67 13.78 12.60 8.41 - -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.0% S&P/TSX Capped Composite  • 34.5% Russell 3000 A and BBB • 34.5% MSCI EAFE + EM (N) below BBB • 7.9% FTSE TMX Canada Bond Universe

 Fund (6)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2020 Conservative Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and Canadian Fixed Income 35.03% money market instruments. Until its target date in 2020, an increasing proportion of the Fund’s United States Equity 15.87% assets will be invested in fixed income funds and money market funds. Following its target date in Canadian Equity 11.63% United States Fixed Income 9.57% 2020, the Fund intends to maintain the same proportion of asset class exposure that is in place on Foreign Equity 8.63% the target date. Foreign Fixed Income 5.88% Cash & Equivalents 1.95% Managed by Franklin Templeton Investments Corp Other 11.44% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $11.8 million Underlying fund operating expense (2016) Canada 47.05% 0.06% United States 24.49% Japan 4.05% United Kingdom 2.13% France 1.54% Germany 1.35% Netherlands 1.32% Overall past performance Other 18.07% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Frk Bis Core Plus Bond Fund-O 28.91% Frk Bis Canadian Government Bond Fund-O 11.50% Manulife Franklin LifeSmart 2020 Conservative Portfolio - ($17,626) Frk Strategic Income Fund-O 6.31% Blend: Frk LifeSmart 2020 Conservative - ($17,152) Franklin LifeSmart 2020 Conservative Portfolio - Series Institutional Tmpltn Global Bond Fund-O 5.05% Franklin Bissett Canadian Equity Fund Series O 4.74% Frk US Rising Dividends Fund-O 3.73% 15,000 Frk Mut Euro Fund-O 3.61% Frk US Core Equity Fund-O 3.25% 10,000 Franklin Templeton Canadian Large Cap Fund 3.18% Series O

Frk ActQnt Canadian Fund-O 3.16% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -17.38 22.88 11.23 -0.76 7.97 13.56 8.76 5.84 4.04 7.11 Multi-manager Benchmark -13.23 16.30 9.75 0.43 7.61 9.59 10.23 4.90 5.41 7.28 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.07 7.11 5.55 5.65 7.81 - Small Benchmark 3.30 7.28 6.33 5.85 7.46 5.54

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 10.02% S&P/TSX Composite Index  • 13.22% S&P 500 Index A and BBB • 16.83% MSCI AC World Ex US below BBB • 31.17% DEX Universe Bond Index • 28.77% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2503 / LS2GP Volatility meter Low High Manulife Franklin LifeSmart 2020 Growth Portfolio

 Fund (7)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> FT LifeSmart 2020 Growth Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and Canadian Fixed Income 26.06% money market instruments. Until its target date in 2020, an increasing proportion of the Fund’s United States Equity 21.39% assets will be invested in fixed income funds and money market funds. Following its target date in Canadian Equity 15.45% Foreign Equity 11.64% 2020, the Fund intends to maintain the same proportion of asset class exposure that is in place on United States Fixed Income 7.12% the target date. Foreign Fixed Income 4.28% Cash & Equivalents 1.71% Managed by Franklin Templeton Investments Corp Other 12.35% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $5.8 million Underlying fund operating expense (2016) Canada 41.80% 0.06% United States 25.90% Japan 5.45% United Kingdom 2.69% France 1.95% Germany 1.78% Netherlands 1.56% Overall past performance Other 18.87% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Frk Bis Core Plus Bond Fund-O 21.50% Frk Bis Canadian Government Bond Fund-O 8.55% Manulife Franklin LifeSmart 2020 Growth Portfolio - ($16,724) Franklin Bissett Canadian Equity Fund Series O 6.40% Blend: Frk LifeSmart 2020 Growth - ($17,212) Franklin LifeSmart 2020 Growth Portfolio - Series Institutional Frk US Rising Dividends Fund-O 5.03% Frk Mut Euro Fund-O 4.86% 15,000 Frk Strategic Income Fund-O 4.69% Frk US Core Equity Fund-O 4.39% Franklin Templeton Canadian Large Cap Fund 4.29% 10,000 Series O Frk ActQnt Canadian Fund-O 4.26% Tmpltn Global Bond Fund-O 3.76% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -28.01 26.34 12.52 -3.67 8.63 17.88 9.33 6.43 4.67 8.55 Multi-manager Benchmark -19.38 17.77 10.90 -2.43 8.65 13.61 10.82 5.63 6.29 9.10 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.52 8.55 6.58 6.53 9.28 - Small Benchmark 3.90 9.10 7.67 6.99 9.04 5.58

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 13.71% S&P/TSX Composite Index  • 18.10% S&P 500 Index A and BBB • 23.04% MSCI AC World Ex US below BBB • 23.48% DEX Universe Bond Index • 21.67% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2504 / LS30P Volatility meter Low High Manulife Franklin LifeSmart 2030 Conservative Portfolio

 Fund (7)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2030 Conservative Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 25.00% money market instruments. Until its target date in 2030, an increasing proportion of the Fund’s Canadian Fixed Income 20.19% assets will be invested in fixed income funds and money market funds. Following its target date in Canadian Equity 17.95% Foreign Equity 13.62% 2030, the Fund intends to maintain the same proportion of asset class exposure that is in place on United States Fixed Income 5.51% the target date. Foreign Fixed Income 3.32% Cash & Equivalents 1.45% Managed by Franklin Templeton Investments Corp Other 12.96% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $15.9 million Underlying fund operating expense (2016) Canada 38.37% 0.06% United States 26.66% Japan 6.37% United Kingdom 3.06% France 2.22% Germany 2.06% Netherlands 1.72% Overall past performance Other 19.54% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Frk Bis Core Plus Bond Fund-O 16.67% Franklin Bissett Canadian Equity Fund Series O 7.48% Manulife Franklin LifeSmart 2030 Conservative Portfolio - ($19,028) Frk Bis Canadian Government Bond Fund-O 6.63% Blend: Frk LifeSmart 2030 Conservative - ($18,101) Franklin LifeSmart 2030 Conservative Portfolio - Series Institutional Frk US Rising Dividends Fund-O 5.88% Frk Mut Euro Fund-O 5.69% Frk US Core Equity Fund-O 5.13% 15,000 Franklin Templeton Canadian Large Cap Fund 5.01% Series O Frk ActQnt Canadian Fund-O 4.98% 10,000 Frk US Opp Fund-O 4.19% Franklin Japan I (acc) USD 4.13% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -20.02 25.27 12.23 -0.57 8.57 17.26 9.07 6.61 4.98 9.44 Multi-manager Benchmark -16.99 18.51 10.44 -1.66 8.67 13.33 10.75 5.70 6.68 10.16 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.94 9.44 7.18 6.99 9.39 - Small Benchmark 4.30 10.16 8.39 7.49 9.28 6.11

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 15.29% S&P/TSX Composite Index  • 20.19% S&P 500 Index A and BBB • 25.69% MSCI AC World Ex US below BBB • 20.19% DEX Universe Bond Index • 18.64% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2506 / GPS30 Volatility meter Low High Manulife Franklin LifeSmart 2030 Growth Portfolio

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2030 Growth Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 32.60% money market instruments. Until its target date in 2030, an increasing proportion of the Fund’s Canadian Equity 23.19% assets will be invested in fixed income funds and money market funds. Following its target date in Foreign Equity 17.74% Canadian Fixed Income 7.86% 2030, the Fund intends to maintain the same proportion of asset class exposure that is in place on United States Fixed Income 2.15% the target date. Foreign Fixed Income 1.29% Cash & Equivalents 0.91% Managed by Franklin Templeton Investments Corp Other 14.26% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $17.2 million Underlying fund operating expense (2016) Canada 31.15% 0.06% United States 28.27% Japan 8.28% United Kingdom 3.83% France 2.78% Germany 2.65% Netherlands 2.04% Overall past performance Other 21.00% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Franklin Bissett Canadian Equity Fund Series O 9.75% Frk US Rising Dividends Fund-O 7.67% Manulife Franklin LifeSmart 2030 Growth Portfolio - ($17,559) Frk Mut Euro Fund-O 7.39% Blend: Frk LifeSmart 2030 Growth - ($18,375) Franklin LifeSmart 2030 Growth Portfolio - Series Institutional Frk US Core Equity Fund-O 6.70% Franklin Templeton Canadian Large Cap Fund 6.54% Series O 15,000 Frk ActQnt Canadian Fund-O 6.50% Frk Bis Core Plus Bond Fund-O 6.50% Frk US Opp Fund-O 5.46% 10,000 Franklin Japan I (acc) USD 5.38% Franklin LibertyQT US Equity Index ETF 5.08% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -30.99 29.03 13.32 -5.98 9.08 22.21 9.43 7.33 5.86 11.48 Multi-manager Benchmark -22.95 19.66 11.64 -4.64 9.74 18.03 11.42 6.64 7.86 12.77 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.65 11.48 8.62 8.19 11.11 - Small Benchmark 5.15 12.77 10.28 9.05 11.27 6.27

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 20.36% S&P/TSX Composite Index  • 26.88% S&P 500 Index A and BBB • 34.21% MSCI AC World Ex US below BBB • 9.64% DEX Universe Bond Index • 8.90% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2502 / LS20M Volatility meter Low High Manulife Franklin LifeSmart 2020 Moderate Portfolio

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2020 Moderate Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and Canadian Fixed Income 31.16% money market instruments. Until its target date in 2020, an increasing proportion of the Fund’s United States Equity 18.24% assets will be invested in fixed income funds and money market funds. Following its target date in Canadian Equity 13.27% Foreign Equity 9.94% 2020, the Fund intends to maintain the same proportion of asset class exposure that is in place on United States Fixed Income 8.51% the target date. Foreign Fixed Income 5.12% Cash & Equivalents 1.93% Managed by Franklin Templeton Investments Corp Other 11.83% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $52.7 million Underlying fund operating expense (2016) Canada 44.78% 0.03% United States 25.24% Japan 4.66% United Kingdom 2.37% France 1.72% Germany 1.54% Netherlands 1.43% Overall past performance Other 18.26% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Frk Bis Core Plus Bond Fund-O 25.72% Frk Bis Canadian Government Bond Fund-O 10.23% Manulife Franklin LifeSmart 2020 Moderate Portfolio - ($17,201) Frk Strategic Income Fund-O 5.62% Blend: Frk LifeSmart 2020 Moderate - ($17,180) Franklin LifeSmart 2020 Moderate Portfolio - Series Institutional Franklin Bissett Canadian Equity Fund Series O 5.45% Tmpltn Global Bond Fund-O 4.49% 15,000 Frk US Rising Dividends Fund-O 4.29% Frk Mut Euro Fund-O 4.15% Frk US Core Equity Fund-O 3.74% 10,000 Franklin Templeton Canadian Large Cap Fund 3.65% Series O Frk ActQnt Canadian Fund-O 3.63% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -23.40 25.66 11.77 -2.31 8.58 15.66 9.19 6.15 4.43 7.73 Multi-manager Benchmark -16.50 17.51 10.29 -0.91 8.10 11.48 10.48 5.25 5.80 8.08 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.29 7.73 6.06 6.09 8.56 - Small Benchmark 3.56 8.08 6.92 6.36 8.18 5.56

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 11.71% S&P/TSX Composite Index  • 15.45% S&P 500 Index A and BBB • 19.67% MSCI AC World Ex US below BBB • 27.65% DEX Universe Bond Index • 25.52% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2507 / LS240 Volatility meter Low High Manulife Franklin LifeSmart 2040 Conservative Portfolio

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2040 Conservative Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 28.71% money market instruments. Until its target date in 2040, an increasing proportion of the Fund’s Canadian Equity 20.52% assets will be invested in fixed income funds and money market funds. Following its target date in Foreign Equity 15.64% Canadian Fixed Income 14.16% 2040, the Fund intends to maintain the same proportion of asset class exposure that is in place on United States Fixed Income 3.87% the target date. Foreign Fixed Income 2.33% Cash & Equivalents 1.18% Managed by Franklin Templeton Investments Corp Other 13.59% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $12.2 million Underlying fund operating expense (2016) Canada 34.84% 0.06% United States 27.44% Japan 7.30% United Kingdom 3.44% France 2.49% Germany 2.35% Netherlands 1.88% Overall past performance Other 20.26% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Frk Bis Core Plus Bond Fund-O 11.69% Franklin Bissett Canadian Equity Fund Series O 8.59% Manulife Franklin LifeSmart 2040 Conservative Portfolio - ($19,525) Frk US Rising Dividends Fund-O 6.75% Blend: Frk LifeSmart 2040 Conservative - ($18,161) Franklin LifeSmart 2040 Conservative Portfolio - Series Institutional Frk Mut Euro Fund-O 6.53% Frk US Core Equity Fund-O 5.90% Franklin Templeton Canadian Large Cap Fund 5.76% Series O 15,000 Frk ActQnt Canadian Fund-O 5.72% Frk US Opp Fund-O 4.81% 10,000 Franklin Japan I (acc) USD 4.74% Frk Bis Canadian Government Bond Fund-O 4.65% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -23.37 27.43 12.62 0.19 10.13 18.46 9.12 6.91 5.40 10.37 Multi-manager Benchmark -20.56 20.41 10.70 -2.46 9.07 14.80 10.89 6.03 7.22 11.39 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.19 10.37 7.84 7.53 9.95 - Small Benchmark 4.71 11.39 9.28 8.18 10.02 6.14

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 17.56% S&P/TSX Composite Index  • 23.18% S&P 500 Index A and BBB • 29.50% MSCI AC World Ex US below BBB • 15.48% DEX Universe Bond Index • 14.29% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2509 / LS4GP Volatility meter Low High Manulife Franklin LifeSmart 2040 Growth Portfolio

 Fund (9)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2040 Growth Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 35.82% money market instruments. Until its target date in 2040, an increasing proportion of the Fund’s Canadian Equity 25.42% assets will be invested in fixed income funds and money market funds. Following its target date in Foreign Equity 19.50% Canadian Fixed Income 2.63% 2040, the Fund intends to maintain the same proportion of asset class exposure that is in place on United States Fixed Income 0.72% the target date. Cash & Equivalents 0.68% Foreign Fixed Income 0.43% Managed by Franklin Templeton Investments Corp Other 14.80% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $20.6 million Underlying fund operating expense (2016) United States 28.94% 0.06% Canada 28.09% Japan 9.10% United Kingdom 4.16% France 3.02% Germany 2.90% Netherlands 2.18% Overall past performance Other 21.61% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Franklin Bissett Canadian Equity Fund Series O 10.72% Frk US Rising Dividends Fund-O 8.43% Manulife Franklin LifeSmart 2040 Growth Portfolio - ($17,518) Frk Mut Euro Fund-O 8.12% Blend: Frk LifeSmart 2040 Growth - ($18,432) Franklin LifeSmart 2040 Growth Portfolio - Series Institutional Frk US Core Equity Fund-O 7.36% Franklin Templeton Canadian Large Cap Fund 7.18% Series O 15,000 Frk ActQnt Canadian Fund-O 7.14% Frk US Opp Fund-O 6.00% Franklin Japan I (acc) USD 5.92% 10,000 Franklin LibertyQT US Equity Index ETF 5.58% Tmpltn Emerg Mkts Fund-O 5.51% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -33.80 30.27 13.54 -6.25 9.40 23.50 9.73 7.63 6.29 12.34 Multi-manager Benchmark -25.90 21.02 11.87 -5.33 10.07 19.44 11.65 6.95 8.41 14.04 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.79 12.34 9.26 8.72 11.73 - Small Benchmark 5.59 14.04 11.18 9.75 12.00 6.30

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 22.70% S&P/TSX Composite Index  • 29.96% S&P 500 Index A and BBB • 38.13% MSCI AC World Ex US below BBB • 4.79% DEX Universe Bond Index • 4.42% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2505 / S30MP Volatility meter Low High Manulife Franklin LifeSmart 2030 Moderate Portfolio

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2030 Moderate Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 28.36% money market instruments. Until its target date in 2030, an increasing proportion of the Fund’s Canadian Equity 20.27% assets will be invested in securities of fixed income funds and money market funds. Following its Foreign Equity 15.44% Canadian Fixed Income 14.73% target date in 2030, the Fund intends to maintain the same proportion of asset class exposure that United States Fixed Income 4.02% is in place on the target date. Foreign Fixed Income 2.42% Cash & Equivalents 1.21% Managed by Franklin Templeton Investments Corp Other 13.55% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $64.5 million Underlying fund operating expense (2016) Canada 35.17% 0.03% United States 27.37% Japan 7.22% United Kingdom 3.40% France 2.47% Germany 2.32% Netherlands 1.86% Overall past performance Other 20.19% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Frk Bis Core Plus Bond Fund-O 12.15% Franklin Bissett Canadian Equity Fund Series O 8.48% Manulife Franklin LifeSmart 2030 Moderate Portfolio - ($17,829) Frk US Rising Dividends Fund-O 6.67% Blend: Frk LifeSmart 2030 Moderate - ($18,253) Franklin LifeSmart 2030 Moderate Portfolio - Series Institutional Frk Mut Euro Fund-O 6.45% Frk US Core Equity Fund-O 5.83% Franklin Templeton Canadian Large Cap Fund 5.69% 15,000 Series O Frk ActQnt Canadian Fund-O 5.65% Frk Bis Canadian Government Bond Fund-O 4.83% 10,000 Frk US Opp Fund-O 4.75% Franklin Japan I (acc) USD 4.69% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -27.07 28.07 12.63 -4.57 9.09 19.58 9.36 6.94 5.46 10.28 Multi-manager Benchmark -20.23 19.75 11.02 -3.09 9.17 15.55 11.07 6.15 7.25 11.34 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.20 10.28 7.83 7.54 10.21 - Small Benchmark 4.67 11.34 9.26 8.21 10.21 6.20

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 17.69% S&P/TSX Composite Index  • 23.36% S&P 500 Index A and BBB • 29.73% MSCI AC World Ex US below BBB • 15.20% DEX Universe Bond Index • 14.03% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2510 / FLS50 Volatility meter Low High Manulife Franklin LifeSmart 2050 Conservative Portfolio

 Fund (8)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2050 Conservative Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 30.30% money market instruments. Until its target date in 2050, an increasing proportion of the Fund’s Canadian Equity 21.60% assets will be invested in securities of fixed income funds and money market funds. Following its Foreign Equity 16.52% Canadian Fixed Income 11.57% target date in 2050, the Fund intends to maintain the same proportion of asset class that is in place United States Fixed Income 3.16% on the target date. Foreign Fixed Income 1.90% Cash & Equivalents 1.07% Managed by Franklin Templeton Investments Corp Other 13.88% Fund managers Stephen Lingard, Thomas Nelson Inception date November 2011 Manulife inception date July 2012 Geographic split Total assets $5.2 million Underlying fund operating expense (2016) Canada 33.31% 0.06% United States 27.78% Japan 7.71% United Kingdom 3.60% France 2.62% Germany 2.48% Netherlands 1.95% Overall past performance Other 20.55% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Frk Bis Core Plus Bond Fund-O 9.55% Franklin Bissett Canadian Equity Fund Series O 9.06% Manulife Franklin LifeSmart 2050 Conservative Portfolio - ($17,471) Frk US Rising Dividends Fund-O 7.13% Blend: Frk LifeSmart 2050 Conservative - ($17,749) Franklin LifeSmart 2050 Conservative Portfolio - Series Institutional Frk Mut Euro Fund-O 6.90% Frk US Core Equity Fund-O 6.22% Franklin Templeton Canadian Large Cap Fund 6.07% 15,000 Series O Frk ActQnt Canadian Fund-O 6.04% Frk US Opp Fund-O 5.08% 10,000 Franklin Japan I (acc) USD 5.01%

Franklin LibertyQT US Equity Index ETF 4.72% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - - - - 6.44 18.58 8.76 6.87 5.51 10.70 Multi-manager Benchmark - - - - 9.16 15.28 11.07 6.14 7.53 11.93 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.35 10.70 8.06 7.66 9.98 - Small Benchmark 4.90 11.93 9.70 8.50 10.34 -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 18.62% S&P/TSX Composite Index  • 24.57% S&P 500 Index A and BBB • 31.27% MSCI AC World Ex US below BBB • 13.28% DEX Universe Bond Index • 12.26% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2512 / MFL50 Volatility meter Low High Manulife Franklin LifeSmart 2050 Growth Portfolio

 Fund (9)  Benchmark (9) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2050 Growth Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 36.51% money market instruments. Until its target date in 2050, an increasing proportion of the Fund’s Canadian Equity 25.90% assets will be invested in securities of fixed income funds and money market funds. Following its Foreign Equity 19.90% Canadian Fixed Income 1.50% target date in 2050, the Fund intends to maintain the same proportion of asset class that is in place Cash & Equivalents 0.63% on the target date. United States Fixed Income 0.41% Foreign Fixed Income 0.24% Managed by Franklin Templeton Investments Corp Other 14.91% Fund managers Stephen Lingard, Thomas Nelson Inception date November 2011 Manulife inception date July 2012 Geographic split Total assets $5.5 million Underlying fund operating expense (2016) United States 29.09% 0.06% Canada 27.43% Japan 9.27% United Kingdom 4.23% France 3.08% Germany 2.96% Netherlands 2.22% Overall past performance Other 21.72% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Franklin Bissett Canadian Equity Fund Series O 10.92% Frk US Rising Dividends Fund-O 8.59% Manulife Franklin LifeSmart 2050 Growth Portfolio - ($18,761) Frk Mut Euro Fund-O 8.31% Blend: Frk LifeSmart 2050 Growth - ($20,095) Franklin LifeSmart 2050 Growth Portfolio - Series Institutional Frk US Core Equity Fund-O 7.50% 20,000 Franklin Templeton Canadian Large Cap Fund 7.32% Series O Frk ActQnt Canadian Fund-O 7.28% 15,000 Frk US Opp Fund-O 6.12%

Franklin Japan I (acc) USD 6.03% 10,000 Franklin LibertyQT US Equity Index ETF 5.69% Tmpltn Emerg Mkts Fund-O 5.62% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - - - - 5.98 23.34 9.33 7.57 6.43 12.52 Multi-manager Benchmark - - - - 10.11 19.75 11.64 6.97 8.51 14.48 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.89 12.52 9.42 8.80 11.67 - Small Benchmark 5.73 14.48 11.45 9.94 12.18 -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.53% S&P/TSX Composite Index  • 31.06% S&P 500 Index A and BBB • 39.53% MSCI AC World Ex US below BBB • 3.05% DEX Universe Bond Index • 2.82% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2508 / LS40M Volatility meter Low High Manulife Franklin LifeSmart 2040 Moderate Portfolio

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2040 Moderate Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 32.42% money market instruments. Until its target date in 2040, an increasing proportion of the Fund’s Canadian Equity 23.08% assets will be invested in fixed income funds and money market funds. Following its target date in Foreign Equity 17.64% Canadian Fixed Income 8.15% 2040, the Fund intends to maintain the same proportion of asset class exposure that is in place on United States Fixed Income 2.22% the target date. Foreign Fixed Income 1.34% Cash & Equivalents 0.92% Managed by Franklin Templeton Investments Corp Other 14.23% Fund managers Stephen Lingard, Thomas Nelson Inception date October 2007 Manulife inception date March 2008 Geographic split Total assets $39.5 million Underlying fund operating expense (2016) Canada 31.33% 0.05% United States 28.23% Japan 8.24% United Kingdom 3.81% France 2.77% Germany 2.64% Netherlands 2.04% Overall past performance Other 20.94% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Franklin Bissett Canadian Equity Fund Series O 9.70% Frk US Rising Dividends Fund-O 7.63% Manulife Franklin LifeSmart 2040 Moderate Portfolio - ($17,790) Frk Mut Euro Fund-O 7.35% Blend: Frk LifeSmart 2040 Moderate - ($18,271) Franklin LifeSmart 2040 Moderate Portfolio - Series Institutional Frk Bis Core Plus Bond Fund-O 6.73% Frk US Core Equity Fund-O 6.66% Franklin Templeton Canadian Large Cap Fund 6.50% 15,000 Series O Frk ActQnt Canadian Fund-O 6.46% Frk US Opp Fund-O 5.43% 10,000 Franklin Japan I (acc) USD 5.36% Franklin LibertyQT US Equity Index ETF 5.05% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -30.19 29.62 12.87 -5.04 9.60 20.95 9.33 7.27 5.77 11.42 Multi-manager Benchmark -23.70 21.64 11.26 -4.00 9.55 17.01 11.23 6.46 7.78 12.66 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.58 11.42 8.55 8.12 10.82 - Small Benchmark 5.13 12.66 10.18 8.93 10.96 6.21

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 20.01% S&P/TSX Composite Index  • 26.41% S&P 500 Index A and BBB • 33.61% MSCI AC World Ex US below BBB • 10.38% DEX Universe Bond Index • 9.59% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2511 / MLS50 Volatility meter Low High Manulife Franklin LifeSmart 2050 Moderate Portfolio

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart 2050 Moderate Portfolio

Objective Long-term capital appreciation and income generation achieved by investing in a Composition diversified mix of mutual funds that invest primarily in equity securities, fixed income securities and United States Equity 34.11% money market instruments. Until its target date in 2050, an increasing proportion of the Fund’s Canadian Equity 24.24% assets will be invested in securities of fixed income funds and money market funds. Following its Foreign Equity 18.56% Canadian Fixed Income 5.41% target date in 2050, the Fund intends to maintain the same proportion of asset class that is in place United States Fixed Income 1.48% on the target date. Foreign Fixed Income 0.91% Cash & Equivalents 0.78% Managed by Franklin Templeton Investments Corp Other 14.51% Fund managers Stephen Lingard, Thomas Nelson Inception date November 2011 Manulife inception date July 2012 Geographic split Total assets $10.4 million Underlying fund operating expense (2016) Canada 29.71% 0.06% United States 28.54% Japan 8.67% United Kingdom 3.98% France 2.89% Germany 2.77% Netherlands 2.11% Overall past performance Other 21.33% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Franklin Bissett Canadian Equity Fund Series O 10.20% Frk US Rising Dividends Fund-O 8.03% Manulife Franklin LifeSmart 2050 Moderate Portfolio - ($18,127) Frk Mut Euro Fund-O 7.74% Blend: Frk LifeSmart 2050 Moderate - ($19,104) Franklin LifeSmart 2050 Moderate Portfolio - Series Institutional Frk US Core Equity Fund-O 7.01% Franklin Templeton Canadian Large Cap Fund 6.84% Series O 15,000 Frk ActQnt Canadian Fund-O 6.80% Frk US Opp Fund-O 5.72% Franklin Japan I (acc) USD 5.64% 10,000 Franklin LibertyQT US Equity Index ETF 5.31% Tmpltn Emerg Mkts Fund-O 5.25% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - - - - 6.28 20.84 8.97 7.18 6.00 11.75 Multi-manager Benchmark - - - - 9.61 17.34 11.29 6.49 7.94 13.16 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.70 11.75 8.83 8.28 10.82 - Small Benchmark 5.31 13.16 10.52 9.16 11.18 -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 20.94% S&P/TSX Composite Index  • 27.64% S&P 500 Index A and BBB • 35.18% MSCI AC World Ex US below BBB • 8.44% DEX Universe Bond Index • 7.79% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5972 / BAMER Volatility meter Low High Manulife Meritas SRI Balanced Portfolio Fund

 Fund (5)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Meritas Balanced Portfolio Fund - Series F

Objective The Meritas SRI Balanced Portfolio Fund is managed to seek capital appreciation with Composition an equal emphasis on current income. As this Fund invests in a socially responsible manner, it must Canadian Fixed Income 45.65% adhere to Meritas’ “Criteria for Socially Responsible Investing”. Canadian Equity 19.61% United States Equity 14.24% Managed by OceanRock Investments Inc Foreign Equity 12.51% Fund managers Meritas Cash & Equivalents 4.43% United States Fixed Income 1.14% Inception date June 2008 Manulife inception date June 2014 Foreign Fixed Income 0.34% Total assets $308.6 million Underlying fund operating expense (2016) Other 2.08% 0.27% Geographic split Canada 69.58% United States 16.11% Japan 2.19% United Kingdom 1.70% China 1.24% Germany 0.72% Switzerland 0.60% Overall past performance Other 7.86% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Meritas Canadian Bond Series A 39.18% Meritas Monthly Dividend and Income Series O 20.33% Manulife Meritas SRI Balanced Portfolio Fund - ($16,308) Meritas US Equity Series O 15.37% Meritas Balanced Portfolio Benchmark - ($17,293) Meritas Balanced Portfolio Fund - Series F Meritas International Equity Series O 12.63% Meritas Strategic Income Series O 12.34% 15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - 14.19 5.86 0.49 6.49 10.07 8.67 7.23 6.51 6.37 Multi-manager Benchmark -12.00 15.58 9.50 1.72 7.04 10.32 10.55 4.27 7.27 7.32 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.18 6.37 6.43 6.70 - - Small Benchmark 3.54 7.32 7.28 6.27 7.92 5.90

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 45% FTSE TMX Canada Universe Bond  • 26% S&P/TSX Composite Total Return Index A and BBB • 14% S&P 500 Index ($ Cdn) below BBB • 10% MSCI EAFE Index ($ Cdn) • 5% FTSE TMX Canada 91 Day T-Bill Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5291 / ISRFG Volatility meter Low High Manulife Guardian Ethical Balanced SRI Fund

 Fund (6)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> GEM Balanced Fund

Objective The Fund is managed to achieve a balance between long-term growth of capital and Composition reasonable income through diversified investments in equity or equity-related securities and in Canadian Equity 42.11% fixed-income securities, either long term or short term. The Fund follows a Socially Responsible Canadian Fixed Income 29.14% Investment (SRI) mandate and engagement with corporate management conducted in partnership United States Equity 17.13% Foreign Equity 9.18% by Northwest & Ethical Investments L.P. (“NEILP”) the operator of The Ethical Funds of Canada. Cash & Equivalents 0.82% Managed by Guardian Ethical Management Other 1.62% Fund managers Peter Hargrovem, Sri Iyer, Ted Macklinm Inception date January 2006 Manulife inception date May 2012 Total assets $38.5 million Underlying fund operating expense (2016) Geographic split 0.085% Canada 71.34% United States 17.14% United Kingdom 2.24% France 1.26% Switzerland 1.25% Germany 1.09% Netherlands 0.86% Overall past performance Other 4.82% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. GEM Canadian Equity Pooled 42.34% GEM Fixed Income Pooled 29.87% Manulife Guardian Ethical Balanced SRI Fund - ($17,381) GEM Global Equity Pooled 27.77% Blend: GEM Balanced - ($17,347) GEM Balanced Fund

15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -17.05 16.50 9.68 -1.69 7.75 13.19 11.52 4.76 7.71 8.19 Fundamental, Bottom-up Benchmark -18.72 18.49 11.12 -0.92 7.58 12.98 10.99 2.17 9.89 8.04 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.13 8.19 7.94 6.87 9.03 - Small Benchmark 3.88 8.04 8.95 6.64 8.74 5.66

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund is expected to outperform its benchmark + 0.1% (annualized) over  AAA and AA moving four-year periods. A and BBB

below BBB

How the underlying fund is invested UNDERLYING FUND -> Leith Wheeler Diversified Pooled Fund

Objective The Leith Wheeler Diversified Pooled Fund seeks to provide investors with a relatively Composition stable, superior long-term rate of return through a balanced portfolio of common shares and fixed Equity 61.32% income securities. Fixed income 35.19% Cash & equivalents 3.49% Managed by Leith Wheeler Investment Couns. Ltd. Fund managers Neil Watson Inception date February 2001 Manulife inception date October 2003 Total assets $1,268.5 million Underlying fund operating expense (2016) 0.0254% Geographic split Canada 50.20% US 29.40% United Kingdom 4.70% Japan 2.70% Switzerland 2.10% Hong Kong 1.30% Singapore 1.30% Overall past performance Other 8.30% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) LW Core Active Bond Fund Series A 32.28% LW International Pooled Fund Series C 12.58% Royal Bank of Canada 2.08% Manulife Leith Wheeler Diversified Pooled Fund (Registered Plans Only) - ($19,621) Blend: Leith Wheeler Diversified - ($17,375) Toronto-Dominion Bank 2.00% LW Institutional BB/B High Yield Bond Fund Se 1.98% Bank of Nova Scotia 1.87% 15,000 Toromont Industries Ltd 1.83% Brookfield Infrastructure Pa 1.73% Canadian Natl Railway Co 1.50% 10,000 Saputo Inc 1.47%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -16.88 16.70 11.49 0.68 10.33 18.32 9.75 1.84 13.45 8.87 Fundamental, Bottom-up Benchmark -16.35 15.42 9.60 -0.13 7.81 13.60 10.39 4.35 7.91 7.99 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.09 8.87 11.12 7.94 10.30 6.97 Small Benchmark 3.89 7.99 7.94 6.73 8.80 5.67  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Benchmark changed as at January, 2016. Over the long term, this fund is expected to outperform a AAA and AA benchmark comprised of the following: • 35.00% - FTSE TMX Canada Universe Bond Index A and BBB  • 30.00% - S&P/TSX Total Return Index below BBB • 30.00% - MSCI World Ex Canada - Net Index ($ Cdn) • 5.00% - FTSE TMX Canada 91 Day T-bill Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2500 / FLSPR Volatility meter Low High Manulife Franklin LifeSmart Retirement Portfolio

 Fund (5)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin LifeSmart Retirement Portfolio

Objective Preservation of capital and income generation achieved by investing in a diversified mix Composition of mutual funds that invest primarily equity securities, fixed income securities and money market Canadian Fixed Income 35.89% instruments, with a bias towards income. United States Equity 13.91% United States Fixed Income 11.69% Managed by Franklin Templeton Investments Corp Canadian Equity 10.25% Fund managers Stephen Lingard, Thomas Nelson Foreign Equity 7.56% Foreign Fixed Income 7.12% Inception date October 2007 Manulife inception date April 2008 Cash & Equivalents 2.41% Total assets $9.7 million Underlying fund operating expense (2016) Other 11.17% 0.06% Geographic split Canada 46.59% United States 25.57% Japan 3.57% United Kingdom 1.98% Korea 1.38% France 1.36% Netherlands 1.23% Overall past performance Other 18.32% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Frk Bis Core Plus Bond Fund-O 24.07% Frk Bis Canadian Government Bond Fund-O 12.51% Manulife Franklin LifeSmart Retirement Portfolio - ($16,895) Frk Strategic Income Fund-O 9.48% Blend: Franklin LifeSmart Retirement - ($16,792) Franklin LifeSmart Retirement Portfolio - Series Institutional Frk Bis Canadian Short Term Bond Fund-O 7.51% Tmpltn Global Bond Fund-O 6.21% 15,000 Franklin Bissett Canadian Equity Fund Series O 4.16% Frk US Rising Dividends Fund-O 3.27% Frk Mut Euro Fund-O 3.15% 10,000 Franklin US Low Duration I (acc) USD 3.11% Frk US Core Equity Fund-O 2.86% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -10.90 14.75 8.65 3.98 6.89 9.28 8.10 5.26 3.64 6.25 Multi-manager Benchmark -4.29 10.95 8.37 4.11 6.05 5.28 9.71 2.67 4.77 6.38 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.71 6.25 4.93 5.04 6.48 - Small Benchmark 3.09 6.38 5.56 4.59 5.73 5.32

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 7.35% S&P/TSX Composite Index  • 9.70% S&P 500 Index A and BBB • 12.35% MSCI AC World Ex US below BBB • 36.71% DEX Universe Bond Index • 33.89% BarCap Global Multiverse Hedged C$ Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5012 / BBFMM Volatility meter Low High Manulife Multi-Manager Balanced Fund

 Fund (6)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager Balanced

Composition Objective The Fund invests in four sub-funds with each sub-fund asset class exposure provided by Canadian Equity 31.73% a multi-manager mandate. Through investing in the Multi-Manager Canadian Core Equity, Multi- Canadian Fixed Income 31.04% Manager US Equity, Multi-Manager International Equity, and Multi-Manager Fixed Income mandates Foreign Equity 17.21% United States Equity 15.35% the Fund’s primary objective is to provide investors access to best-in-class active management across Cash & Equivalents 1.80% each of these asset classes while providing an overall 60/40 equity/fixed income balanced allocation. United States Fixed Income 1.42% Foreign Fixed Income 0.34% Managed by Manulife Asset Management Limited Other 1.11% Fund managers Fidelity Investment - Mgmt. Team, Manulife Asset Mgmt (Tor)-Mgmt Team, Phillips, Hager & North - Mgmt. Team, Franklin Templeton - Mgmt. Team, Mawer Investment - Geographic split Mgmt Team Canada 63.44% Inception date July 2007 Manulife inception date July 2013 United States 17.31% United Kingdom 3.32% Japan 2.39% France 1.86% Germany 1.60% Switzerland 1.51% Overall past performance Other 8.57% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Beutel Goodman Canadian Equity I 12.29% FIAM Canadian Bond Trust 11.22% Manulife Multi-Manager Balanced Fund - ($21,006) PH&N Bond Sr O 11.15% Blend: MLI Multi-Manager Balanced - ($17,640) Multi - Manager Balanced Fund MLI Cdn Bond (MAM) 10.99% FIAM Canadian Focused Equity Trust 10.39% 20,000 Franklin Bissett Canadian Equity Fund Series O 10.16% Mawer US Equity Srs O 6.20% 15,000 Mawer International Equity Pooled 5.68%

Beutel Goodman American Equity Series I 5.66% 10,000 Manulife International Value Equity Srs F 5.51%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -13.42 17.77 11.32 1.63 11.18 16.85 11.63 6.43 8.29 8.95 Multi-manager Benchmark -16.28 15.51 9.67 -0.06 7.88 13.67 10.46 4.44 7.91 9.01 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.59 8.95 8.60 7.88 - - Small Benchmark 3.86 9.01 8.45 7.10 9.05 5.84

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund strives to outperform a benchmark comprised of the following: AAA and AA • 35% FTSE TMX Universe Bond Index  • 30% S&P/TSX Total Return Index A and BBB • 15% S&P 500 Total Return Index ($ Cdn) below BBB • 15% MSCI EAFE Index ($ Cdn) • 5% FTSE TMX 91 Day Treasury Bills Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5011 / MBALF Volatility meter Low High Manulife Balanced Fund

 Fund (5)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Balanced Fund (Pension)

Objective Investing in a combination of stocks, bonds and short-term securities, this fund Composition participates in a variety of markets with asset mix decisions left to an investment professional. Canadian Fixed Income 37.98% Canadian Equity 35.78% Managed by Manulife Asset Management Limited Foreign Equity 11.19% Fund managers CIBC Global Asset Management - Mgmt.Team, Jarislowsky Fraser- Mgmt. United States Equity 9.51% Team, Wellington Management Co. - Mgmt. Team, Mawer Investment - Mgmt Team and Franklin Cash & Equivalents 3.23% United States Fixed Income 1.95% Templeton - Mgmt. Team Foreign Fixed Income 0.26% Inception date September 1986 Manulife inception date June 1997 Other 0.10% Total assets $1,602.6 million Underlying fund operating expense (2016) In IMF Geographic split Canada 77.06% United States 11.48% United Kingdom 2.46% Japan 1.63% Germany 1.02% France 0.92% China 0.76% Overall past performance Other 4.67% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) MLI Canadian Diversified 32.95% MLI Canadian Bond (CIBC) 32.45% MLI Canadian Equity Fund 13.54% Manulife Balanced Fund - ($19,530) Blend: Manulife Balanced - ($16,929) MLI International Equity (Templeton) 10.80% MLI U.S. Div Grwth Eq (Wellington) 10.23% MLI Q Core Canadian Equity (CC&L) 0.01% 15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -12.95 16.46 11.18 2.35 8.76 15.43 10.91 4.71 7.89 7.64 Multi-manager Benchmark -13.74 16.23 10.39 0.85 6.38 8.91 10.58 2.68 7.90 6.85 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.28 7.64 7.75 6.73 9.25 6.92 Small Benchmark 3.50 6.85 7.36 5.78 7.35 5.40

All cap

 Fund (8)  Benchmark (8) Based on 3 year standard deviation How the fund is invested Objective The Manulife Aggressive Asset Allocation Fund investment objective is to provide long-term growth of capital. Typically, this fund will maintain an asset mix of approximately 100% equities. Composition Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp Canadian Equity 40.21% Foreign Equity 31.10% Fund managers Various (please refer to Top Holdings allocation on this page) United States Equity 21.52% Inception date January 1999 Cash & Equivalents 2.94% Canadian Fixed Income 0.14% Total assets $955.0 million Underlying fund operating expense (2016) Other 4.09% In IMF + 0.02640%

Equity Industry Financials 22.97% Information Technology 12.26% Industrials 11.52% Energy 10.68% Consumer Discretionary 8.58% Materials 8.48% Consumer Staples 6.53% Other 18.98% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 43.44% have been deducted. United States 22.23% United Kingdom 5.38% Japan 3.65% France 2.24% China 2.02% Manulife Aggressive Asset Allocation Fund - ($19,272) Germany 1.99% Blend: MLI Aggressive Asset Allocation - ($18,559) Other 19.05%

Top holdings (As at December 31, 2017) 15,000 MLI World Investment (Mawer) 11.16% MLI Cdn Large Cap Value Eq (MAM) 10.75% MAM US Equity Index Pooled Fund 10.24% 10,000 MLI Canadian Equity Fund 8.52% MLI International Equity (Templeton) 8.12% 5,000 Manulife Franklin Bissett Canadian Equity Fund 7.98% MLI Q Core Canadian Equity (CC&L) 7.98% 0 Manulife U.S. Large Cap Value Fund (T. Rowe 7.65% Price) Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD MAM EAFE Equity Index Pooled 6.25% (%) MLI U.S. Div Grwth Eq (Wellington) 5.51% Fund -31.89 29.94 14.52 -8.85 12.58 24.57 11.19 7.48 9.59 13.57 Benchmark -29.87 25.85 13.00 -6.21 10.11 21.93 11.74 5.34 11.61 12.48

Value Core/Blend Growth Investment objective Large Over the long term, the Fund attempts to outperform a benchmark portfolio that is comprised of Medium the following: • 50.0% S&P/TSX Total Return Index Small • 27.0% MSCI EAFE Total Return Index ($Cdn) All cap • 23.0% S&P 500 Total Return Index ($Cdn)  Effective May 1, 2010, assets in this fund reflect GRS assets exclusively. Performance data for periods Note: All rates of return are shown before investment management fees or taxes beginning after May 1, 2010 will reflect detail strictly for the GRS fund. Data for periods that began have been deducted. prior to May 1 will continue to reflect detail for the combined fund. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Asset Allocation Code 2003 / MBAAF Volatility meter Low High Manulife Balanced Asset Allocation Fund

 Fund (6)  Benchmark (6) Based on 3 year standard deviation How the fund is invested Objective The Manulife Balanced Asset Allocation Fund is managed to achieve both capital growth over time and moderate income flows. This asset allocation fund is diversified by asset classes and countries, with the objective of achieving competitive returns over the long term on a risk-adjusted Composition basis. Canadian Equity 24.07% Foreign Equity 18.32% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp Canadian Fixed Income 17.13% Fund managers Various (please refer to Top Holdings allocation on this page) United States Equity 14.02% United States Fixed Income 10.05% Inception date January 1999 Foreign Fixed Income 5.38% Total assets $3,929.9 million Underlying fund operating expense (2016) Cash & Equivalents 3.31% Other 7.72% In IMF + 0.02120%

Geographic split Canada 44.10% United States 25.01% United Kingdom 3.53% Japan 2.20% France 1.42% Germany 1.39% Switzerland 1.20% Overall past performance Other 21.15% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM Strategic Income Pooled 15.71% MLI Cdn Bond (MAM) 10.38% MLI World Investment (Mawer) 6.79% Manulife Balanced Asset Allocation Fund - ($18,800) Blend: MLI Balanced Asset Allocation - ($17,833) MAM US Equity Index Pooled Fund 6.45% MLI Cdn Large Cap Value Eq (MAM) 6.26%

Manulife Fixed Income Plus (AB) 6.20% 15,000 MLI Canadian Equity Fund 5.22% MLI Q Core Canadian Equity (CC&L) 4.93% Manulife Franklin Bissett Canadian Equity Fund 4.87% 10,000 Manulife U.S. Large Cap Value Fund (T. Rowe 4.87% Price) 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -18.43 21.80 11.20 -1.86 10.00 14.47 10.16 6.67 7.08 9.45 Multi-manager Benchmark -16.65 17.57 10.69 0.05 7.60 12.21 10.06 6.68 7.24 8.09 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.49 9.45 8.25 7.72 9.53 6.51 Small Benchmark 3.69 8.09 7.65 7.33 8.83 5.95  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to outperform a benchmark portfolio that is comprised of AAA and AA the following: • 30.0% S&P/TSX Total Return Index A and BBB  • 24.0% FTSE TMX Canada Universe Bond below BBB • 16.2% MSCI EAFE Total Return Index ($Cdn) • 16.0% Barclays Multiverse The underlying fund operating expenses for the Manulife Balanced Asset • 13.8% S&P 500 Total Return Index ($Cdn) Allocatio Fund include fund administration expenses, operational expenses and Effective May 1, 2010, assets in this fund reflect GRS assets exclusively. Performance data for periods the management fees for the exchange-traded funds which the underlying funds invest in. beginning after May 1, 2010 will reflect detail strictly for the GRS fund. Data for periods that began Source: Lipper, a Thomson Reuters company prior to May 1 will continue to reflect detail for the combined fund. Asset Allocation Code 2004 / MGAAF Volatility meter Low High Manulife Growth Asset Allocation Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation How the fund is invested Objective The Manulife Growth Asset Allocation Fund is managed to provide long-term growth of capital with some consideration given to current income. This fund is diversified by asset class and investment styles with the objective of achieving superior risk-adjusted returns over the long term. Composition The Fund will generally maintain 80% of its investments in equity funds and 20% in fixed income Canadian Equity 32.18% funds though each segment may vary up to 10% from time to time. Foreign Equity 24.76% United States Equity 17.70% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp Canadian Fixed Income 7.12% Fund managers Various (please refer to Top Holdings allocation on this page) United States Fixed Income 6.05% Cash & Equivalents 3.24% Inception date January 1999 Foreign Fixed Income 3.03% Other 5.92% Total assets $1,811.3 million Underlying fund operating expense (2016) In IMF + 0.02280% Geographic split Canada 42.36% United States 24.62% United Kingdom 4.43% Japan 2.88% France 1.81% Germany 1.69% China 1.63% Overall past performance Other 20.58% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM Strategic Income Pooled 9.99% MLI World Investment (Mawer) 8.95% MLI Cdn Large Cap Value Eq (MAM) 8.69% Manulife Growth Asset Allocation Fund - ($18,847) Blend: MLI Growth Asset Allocation - ($18,269) MAM US Equity Index Pooled Fund 7.85% MLI Canadian Equity Fund 6.71%

MLI International Equity (Templeton) 6.57% 15,000 Manulife U.S. Large Cap Value Fund (T. Rowe 6.49% Price) MLI Q Core Canadian Equity (CC&L) 6.43% 10,000 Manulife Franklin Bissett Canadian Equity Fund 6.42% MAM EAFE Equity Index Pooled 4.71% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -25.50 24.25 12.58 -5.70 11.38 19.84 10.79 7.29 8.40 11.53 Multi-manager Benchmark -23.47 21.71 11.88 -3.11 8.87 16.98 10.84 6.31 9.39 10.23 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.22 11.53 9.94 9.05 11.47 6.54 Small Benchmark 4.34 10.23 9.79 8.62 10.69 6.21  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to outperform a benchmark portfolio that is comprised of AAA and AA the following: • 40.0% S&P/TSX Total Return Index A and BBB  • 21.6% MSCI EAFE Total Return Index ($Cdn) below BBB • 18.4% S&P 500 Total Return Index ($Cdn) • 10.0% FTSE TMX Canada Universe Bond Note: All rates of return are shown before investment management fees or taxes • 10.0% Barclays Multiverse have been deducted. Effective May 1, 2010, assets in this fund reflect GRS assets exclusively. Performance data for periods The rate of return is used only to illustrate the effects of the compound growth beginning after May 1, 2010 will reflect detail strictly for the GRS fund. Data for periods that began rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and prior to May 1 will continue to reflect detail for the combined fund. include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Asset Allocation Code 2001 / MCAAF Volatility meter Low High Manulife Conservative Asset Allocation Fund

 Fund (4)  Benchmark (5) Based on 3 year standard deviation How the fund is invested Objective The Manulife Conservative Asset Allocation Fund is managed to provide a high level of current income and capital preservation with some consideration given to growth of capital. This fund is diversified by asset class and investment styles with the objective of achieving superior Composition risk-adjusted returns over the long term. The Fund will generally maintain 80% of its investments in Canadian Fixed Income 42.55% fixed income funds and 20% in equity funds, though each segment may vary up to 10% from time United States Fixed Income 14.26% to time. Foreign Fixed Income 8.57% Canadian Equity 8.40% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp Foreign Equity 5.81% United States Equity 5.01% Fund managers Various (please refer to Top Holdings allocation on this page) Cash & Equivalents 2.92% Inception date January 1999 Other 12.48% Total assets $661.4 million Underlying fund operating expense (2016) In IMF + 0.00970% Geographic split Canada 53.02% United States 20.12% United Kingdom 1.68% Mexico 1.49% Australia 0.88% Japan 0.82% Germany 0.73% Overall past performance Other 21.26% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MLI Cdn Bond (MAM) 25.26% MAM Strategic Income Pooled 19.77% Manulife Fixed Income Plus (AB) 14.23% Manulife Conservative Asset Allocation Fund - ($16,772) Blend: MLI Conservative Asset Allocation - ($16,039) MLI Cdn Mortgage (MFC) 10.71% MAM Canadian Bond Index Pooled 7.49% 15,000 MLI Cdn Universe Bond (CIBC) 2.78% MLI Cdn Large Cap Value Eq (MAM) 2.48% MLI World Investment (Mawer) 2.21% 10,000 MAM US Equity Index Pooled Fund 2.15% MLI Canadian Equity Fund 1.80% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -4.08 10.92 7.45 4.15 6.77 4.74 9.04 5.32 4.28 5.18 Multi-manager Benchmark -2.13 8.67 7.15 5.14 4.54 3.46 8.31 6.41 3.18 4.07 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.15 5.18 4.72 4.92 5.69 5.30 Small Benchmark 2.46 4.07 3.62 4.54 5.07 4.83  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to outperform a benchmark portfolio that is comprised of AAA and AA the following: • 60.0% FTSE TMX Canada Universe Bond A and BBB  • 20.0% Barclays Multiverse below BBB • 10.0% S&P/TSX Total Return Index • 4.6% S&P 500 Total Return Index ($Cdn) Note: All rates of return are shown before investment management fees or taxes • 5.4% MSCI EAFE Total Return Index ($Cdn) have been deducted. Effective May 1, 2010, assets in this fund reflect GRS assets exclusively. Performance data for periods The rate of return is used only to illustrate the effects of the compound growth beginning after May 1, 2010 will reflect detail strictly for the GRS fund. Data for periods that began rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and prior to May 1 will continue to reflect detail for the combined fund. include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2020 / M2RDF Volatility meter Low High Manulife Retirement Date 2020 Fund

 Fund (5)  Benchmark (5) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on income and capital preservation. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will Composition commence with approximately 66% in equities, while the remainder of the Fund will be invested Canadian Fixed Income 31.30% in fixed income, mortgages and money market investments. The Fund’s asset mix will decline to Canadian Equity 13.59% approximately 35% in equities in the year 2020. United States Fixed Income 13.44% Foreign Equity 12.06% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Equity 9.66% Foreign Fixed Income 7.72% Fund managers Various (please refer to Top Holdings allocation on this page) Cash & Equivalents 3.48% Inception date October 2005 Other 8.75% Total assets $400.2 million Underlying fund operating expense (2016) In IMF + 0.01680% Geographic split Canada 47.65% United States 24.09% United Kingdom 2.57% Japan 1.55% Mexico 1.44% Germany 1.06% France 1.03% Overall past performance Other 20.61% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM Strategic Income Pooled 19.60% MLI Cdn Bond (MAM) 17.94% Manulife Fixed Income Plus (AB) 11.49% Manulife Retirement Date 2020 Fund - ($17,102) Blend: MLI Retirement Date 2020 - ($16,571) MAM Canadian Bond Index Pooled 5.52% MLI Cdn Mortgage (MFC) 4.74% 15,000 MLI Cdn Large Cap Value Eq (MAM) 4.24% MLI World Investment (Mawer) 4.22%

MAM US Equity Index Pooled Fund 4.11% 10,000 MAM EAFE Equity Index Pooled 3.24% Manulife Canadian Equity Balanced Class Adv 3.20% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -20.19 20.98 10.76 -1.07 9.30 11.31 9.79 6.31 6.00 7.41 Multi-manager Benchmark -17.46 17.27 10.29 1.16 7.12 9.53 9.66 6.60 5.39 6.16 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.85 7.41 6.69 6.56 8.14 5.51 Small Benchmark 3.09 6.16 5.76 6.04 7.45 5.18  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 20.30% S&P/TSX Composite • 9.15% S&P 500 TR CAD A and BBB  • 11.15% MSCI EAFE TR CAD below BBB • 41.46% FTSE TMX Canada Universe • 17.94% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2025 / MRD25 Volatility meter Low High Manulife Retirement Date 2025 Fund

 Fund (5)  Benchmark (6) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on growth of capital. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will commence with Composition approximately 77% in equities, while the remainder of the Fund will be invested in fixed income, Canadian Fixed Income 25.11% mortgages and money market investments. The Fund’s asset mix will decline to approximately 35% Canadian Equity 17.00% in equity investments in the year 2025. Foreign Equity 15.35% United States Fixed Income 12.53% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Equity 11.99% Foreign Fixed Income 6.96% Fund managers Various (please refer to Top Holdings allocation on this page) Cash & Equivalents 3.82% Inception date October 2005 Other 7.24% Total assets $559.0 million Underlying fund operating expense (2016) In IMF + 0.01900% Geographic split Canada 45.30% United States 25.53% United Kingdom 3.07% Japan 1.86% Mexico 1.36% Germany 1.22% France 1.22% Overall past performance Other 20.44% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM Strategic Income Pooled 18.78% MLI Cdn Bond (MAM) 14.47% Manulife Fixed Income Plus (AB) 9.43% Manulife Retirement Date 2025 Fund - ($17,487) Blend: MLI Retirement Date 2025 - ($16,707) MLI World Investment (Mawer) 5.62% MLI Cdn Large Cap Value Eq (MAM) 5.11% MAM US Equity Index Pooled Fund 5.07% 15,000 MAM Canadian Bond Index Pooled 4.08% Manulife Canadian Equity Balanced Class Adv 4.05% 10,000 MLI Q Core Canadian Equity (CC&L) 3.91% Manulife Franklin Bissett Canadian Equity Fund 3.90% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -24.29 23.91 11.94 -3.16 10.21 14.47 10.16 6.72 6.82 8.54 Multi-manager Benchmark -21.94 19.68 11.02 -0.94 7.95 12.38 10.06 6.69 6.53 7.16 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.21 8.54 7.67 7.35 9.30 5.74 Small Benchmark 3.41 7.16 6.83 6.78 8.53 5.26  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 25.40% S&P/TSX Composite • 11.70% S&P 500 TR CAD A and BBB  • 13.70% MSCI EAFE TR CAD below BBB • 32.28% FTSE TMX Canada Universe • 16.92% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2030 / RMD2F Volatility meter Low High Manulife Retirement Date 2030 Fund

 Fund (6)  Benchmark (6) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on growth of capital. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will commence with Composition approximately 82% in equity investments, while the remainder of the Fund will be invested in Canadian Equity 21.41% fixed income, mortgages and money market investments. The Fund’s asset mix will decline to Foreign Equity 19.31% approximately 35% in equities in the year 2030. Canadian Fixed Income 17.64% United States Equity 14.79% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Fixed Income 11.05% Foreign Fixed Income 5.88% Fund managers Various (please refer to Top Holdings allocation on this page) Cash & Equivalents 3.88% Inception date October 2005 Other 6.04% Total assets $635.5 million Underlying fund operating expense (2016) In IMF + 0.02040% Geographic split Canada 42.42% United States 26.86% United Kingdom 3.65% Japan 2.25% France 1.46% Germany 1.42% Switzerland 1.30% Overall past performance Other 20.64% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM Strategic Income Pooled 17.08% MLI Cdn Bond (MAM) 10.05% MLI World Investment (Mawer) 7.10% Manulife Retirement Date 2030 Fund - ($18,108) Blend: MLI Retirement Date 2030 - ($17,111) Manulife Fixed Income Plus (AB) 6.89% MLI Cdn Large Cap Value Eq (MAM) 6.30% MAM US Equity Index Pooled Fund 6.20% 15,000 Manulife Canadian Equity Balanced Class Adv 5.15% MLI Q Core Canadian Equity (CC&L) 4.88% 10,000 Manulife Franklin Bissett Canadian Equity Fund 4.85% Manulife U.S. Large Cap Value Fund (T. Rowe 4.75% Price) 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -26.56 25.76 12.80 -5.10 11.00 17.74 10.56 7.16 7.67 9.87 Multi-manager Benchmark -24.35 21.08 11.37 -2.71 8.64 15.19 10.52 6.54 7.89 8.45 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.64 9.87 8.75 8.22 10.53 6.11 Small Benchmark 3.80 8.45 8.16 7.61 9.67 5.51  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 31.70% S&P/TSX Composite • 14.68% S&P 500 TR CAD A and BBB  • 17.02% MSCI EAFE TR CAD below BBB • 21.62% FTSE TMX Canada Universe • 14.98% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2035 / MRD35 Volatility meter Low High Manulife Retirement Date 2035 Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on growth of capital. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will commence Composition with approximately 84% in equities, while the remainder of the Fund will be invested in fixed Canadian Equity 25.58% income, mortgages and money market investments. The Fund’s asset mix will gradually decline to Foreign Equity 23.09% approximately 35% in equities in the year 2035. United States Equity 17.20% Canadian Fixed Income 11.50% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Fixed Income 8.78% Foreign Fixed Income 4.51% Fund managers Various (please refer to Top Holdings allocation on this page) Cash & Equivalents 3.87% Inception date October 2005 Other 5.47% Total assets $595.3 million Underlying fund operating expense (2016) In IMF + 0.02100% Geographic split Canada 40.55% United States 26.96% United Kingdom 4.17% Japan 2.64% France 1.68% Germany 1.60% Switzerland 1.50% Overall past performance Other 20.90% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM Strategic Income Pooled 13.85% MLI World Investment (Mawer) 8.32% MLI Cdn Large Cap Value Eq (MAM) 7.64% Manulife Retirement Date 2035 Fund - ($18,690) Blend: MLI Retirement Date 2035 - ($17,604) MAM US Equity Index Pooled Fund 7.06% Manulife Canadian Equity Balanced Class Adv 6.06%

MLI Cdn Bond (MAM) 6.04% 15,000 MLI Q Core Canadian Equity (CC&L) 5.77% MLI International Equity (Templeton) 5.74% Manulife Franklin Bissett Canadian Equity Fund 5.72% 10,000 Manulife U.S. Large Cap Value Fund (T. Rowe 5.70% Price) 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -27.42 26.58 13.14 -5.94 11.40 19.84 10.82 7.42 8.30 11.05 Multi-manager Benchmark -25.49 21.97 11.68 -3.51 8.98 17.00 10.86 6.34 9.03 9.68 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.04 11.05 9.65 8.91 11.40 6.45 Small Benchmark 4.16 9.68 9.34 8.33 10.52 5.81  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 37.40% S&P/TSX Composite • 16.96% S&P 500 TR CAD A and BBB  • 20.44% MSCI EAFE TR CAD below BBB • 13.64% FTSE TMX Canada Universe • 11.56% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2040 / MR40F Volatility meter Low High Manulife Retirement Date 2040 Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on growth of capital. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will commence Composition with approximately 85% in equities, while the remainder of the Fund will be invested in fixed Canadian Equity 28.39% income, mortgages and money market investments. The Fund’s asset mix will gradually decline to Foreign Equity 25.27% approximately 35% in equities in the year 2040. United States Equity 18.79% Canadian Fixed Income 8.00% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Fixed Income 6.96% Cash & Equivalents 3.90% Fund managers Various (please refer to Top Holdings allocation on this page) Foreign Fixed Income 3.43% Inception date October 2005 Other 5.26% Total assets $537.2 million Underlying fund operating expense (2016) In IMF + 0.02140% Geographic split Canada 39.98% United States 26.71% United Kingdom 4.46% Japan 2.88% France 1.82% Germany 1.70% China 1.63% Overall past performance Other 20.82% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM Strategic Income Pooled 11.09% MLI World Investment (Mawer) 9.04% MLI Cdn Large Cap Value Eq (MAM) 8.59% Manulife Retirement Date 2040 Fund - ($18,915) Blend: MLI Retirement Date 2040 - ($17,796) MAM US Equity Index Pooled Fund 7.69% Manulife Canadian Equity Balanced Class Adv 6.67% MLI International Equity (Templeton) 6.46% 15,000 Manulife U.S. Large Cap Value Fund (T. Rowe 6.36% Price) MLI Q Core Canadian Equity (CC&L) 6.36% 10,000 Manulife Franklin Bissett Canadian Equity Fund 6.35% MAM EAFE Equity Index Pooled 4.74% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -27.92 26.97 13.28 -6.24 11.56 20.66 10.94 7.50 8.53 11.68 Multi-manager Benchmark -25.91 22.11 11.66 -3.78 9.09 17.76 11.02 6.18 9.55 10.35 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.27 11.68 10.08 9.21 11.76 6.58 Small Benchmark 4.36 10.35 9.94 8.67 10.90 5.93  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 40.50% S&P/TSX Composite • 18.25% S&P 500 TR CAD A and BBB  • 22.50% MSCI EAFE TR CAD below BBB • 9.50% FTSE TMX Canada Universe • 9.50% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2045 / MRD45 Volatility meter Low High Manulife Retirement Date 2045 Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on growth of capital. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will commence Composition with approximately 85% in equities, while the remainder of the Fund will be invested in fixed Canadian Equity 29.80% income, mortgages and money market investments. The Fund’s asset mix will gradually decline to Foreign Equity 26.43% approximately 35% in equities in the year 2045. United States Equity 19.67% Canadian Fixed Income 6.78% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Fixed Income 5.74% Cash & Equivalents 3.82% Fund managers Various (please refer to Top Holdings allocation on this page) Foreign Fixed Income 2.78% Inception date May 2007 Other 4.98% Total assets $433.2 million Underlying fund operating expense (2016) In IMF + 0.02150% Geographic split Canada 40.14% United States 26.33% United Kingdom 4.63% Japan 3.02% France 1.89% Germany 1.75% China 1.70% Overall past performance Other 20.54% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MLI World Investment (Mawer) 9.39% MLI Cdn Large Cap Value Eq (MAM) 9.06% MAM Strategic Income Pooled 9.05% Manulife Retirement Date 2045 Fund - ($19,031) Blend: MLI Retirement Date 2045 - ($17,865) MAM US Equity Index Pooled Fund 8.13% Manulife Canadian Equity Balanced Class Adv 7.02% MLI International Equity (Templeton) 6.82% 15,000 Manulife Franklin Bissett Canadian Equity Fund 6.67% MLI Q Core Canadian Equity (CC&L) 6.66% Manulife U.S. Large Cap Value Fund (T. Rowe 6.65% 10,000 Price) MAM EAFE Equity Index Pooled 4.97% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -28.12 27.36 13.32 -6.45 11.62 21.05 11.00 7.56 8.59 11.94 Multi-manager Benchmark -26.20 22.17 11.68 -3.94 9.18 18.11 11.11 6.11 9.80 10.64 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.37 11.94 10.24 9.34 11.92 6.64 Small Benchmark 4.46 10.64 10.21 8.82 11.08 5.97  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 41.80% S&P/TSX Composite • 18.90% S&P 500 TR CAD A and BBB  • 22.90% MSCI EAFE TR CAD below BBB • 8.20% FTSE TMX Canada Universe • 8.20% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2050 / MRD50 Volatility meter Low High Manulife Retirement Date 2050 Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on growth of capital. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will commence Composition with approximately 85% in equities, while the remainder of the Fund will be invested in fixed Canadian Equity 30.33% income, mortgages and money market investments. The Fund’s asset mix will gradually decline to Foreign Equity 26.86% approximately 35% in equities in the year 2050. United States Equity 19.98% Canadian Fixed Income 6.33% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Fixed Income 5.30% Cash & Equivalents 3.80% Fund managers Various (please refer to Top Holdings allocation on this page) Foreign Fixed Income 2.56% Inception date May 2007 Other 4.84% Total assets $403.3 million Underlying fund operating expense (2016) In IMF + 0.02160% Geographic split Canada 40.23% United States 26.19% United Kingdom 4.69% Japan 3.07% France 1.92% Germany 1.77% China 1.73% Overall past performance Other 20.40% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MLI World Investment (Mawer) 9.55% MLI Cdn Large Cap Value Eq (MAM) 9.19% MAM Strategic Income Pooled 8.32% Manulife Retirement Date 2050 Fund - ($19,052) Blend: MLI Retirement Date 2050 - ($17,878) MAM US Equity Index Pooled Fund 8.32% Manulife Canadian Equity Balanced Class Adv 7.15% MLI International Equity (Templeton) 6.92% 15,000 MLI Q Core Canadian Equity (CC&L) 6.81% Manulife Franklin Bissett Canadian Equity Fund 6.78% Manulife U.S. Large Cap Value Fund (T. Rowe 6.74% 10,000 Price) MAM EAFE Equity Index Pooled 5.06% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -28.61 27.78 13.40 -6.65 11.67 21.37 11.07 7.64 8.65 12.07 Multi-manager Benchmark -26.59 22.47 11.78 -4.11 9.22 18.36 11.16 6.06 9.89 10.77 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.42 12.07 10.33 9.43 12.05 6.65 Small Benchmark 4.49 10.77 10.31 8.88 11.17 5.98  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 42.40% S&P/TSX Composite • 19.20% S&P 500 TR CAD A and BBB  • 23.20% MSCI EAFE TR CAD below BBB • 7.60% FTSE TMX Canada Universe • 7.60% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2055 / MRD55 Volatility meter Low High Manulife Retirement Date 2055 Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on growth of capital. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will commence Composition with approximately 85% in equities, while the remainder of the Fund will be invested in fixed Canadian Equity 30.84% income, mortgages and money market investments. The Fund’s asset mix will gradually decline to Foreign Equity 27.16% approximately 35% in equities in the year 2055. United States Equity 20.34% Canadian Fixed Income 6.00% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Fixed Income 5.02% Cash & Equivalents 3.92% Fund managers Various (please refer to Top Holdings allocation on this page) Foreign Fixed Income 2.42% Inception date November 2014 Other 4.30% Total assets $166.0 million Underlying fund operating expense (2016) In IMF + 0.01920% Geographic split Canada 40.49% United States 26.28% United Kingdom 4.73% Japan 3.10% France 1.94% Germany 1.78% China 1.75% Overall past performance Other 19.93% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MLI World Investment (Mawer) 9.58% MLI Cdn Large Cap Value Eq (MAM) 9.37% MAM US Equity Index Pooled Fund 8.48% Manulife Retirement Date 2055 Fund - ($13,151) Blend: MLI Retirement Date 2055 - ($12,907) MAM Strategic Income Pooled 7.85% Manulife Canadian Equity Balanced Class Adv 7.28% 12,000 MLI International Equity (Templeton) 7.03% MLI Q Core Canadian Equity (CC&L) 6.92% 10,000 Manulife Franklin Bissett Canadian Equity Fund 6.91% 8,000 Manulife U.S. Large Cap Value Fund (T. Rowe 6.83% Price) 6,000 MAM EAFE Equity Index Pooled 5.14% 4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund ------7.58 8.15 12.19 Multi-manager Benchmark ------6.01 10.02 10.90 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.48 12.19 10.14 9.28 - - Small Benchmark 4.54 10.90 10.45 8.95 - -  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 42.90% S&P/TSX Composite • 19.45% S&P 500 TR CAD A and BBB  • 23.45% MSCI EAFE TR CAD below BBB • 7.10% FTSE TMX Canada Universe • 7.10% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Target Date Code 2060 / MRD60 Volatility meter Low High Manulife Retirement Date 2060 Fund

 Fund (-)  Benchmark (-) Based on 3 year standard deviation How the fund is invested Objective The Fund is managed to provide a balance between current income and growth of capital, with emphasis on growth of capital. This fund is diversified by asset class and investment style with the objective of achieving superior risk-adjusted returns. The Fund will commence Composition with approximately 85% in equities, while the remainder of the Fund will be invested in fixed Canadian Equity 31.48% income, mortgages and money market investments. The Fund’s asset mix will gradually decline to Foreign Equity 27.62% approximately 35% in equities in the year 2060. United States Equity 20.81% Canadian Fixed Income 5.63% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Fixed Income 4.73% Cash & Equivalents 4.16% Fund managers Various (please refer to Top Holdings allocation on this page) Foreign Fixed Income 2.27% Inception date July 2015 Other 3.30% Total assets $48.0 million Geographic split Canada 40.88% United States 26.46% United Kingdom 4.81% Japan 3.17% France 1.98% Germany 1.81% Ireland 1.78% Overall past performance Other 19.11% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MLI World Investment (Mawer) 9.74% MLI Cdn Large Cap Value Eq (MAM) 9.55% MAM US Equity Index Pooled Fund 8.79% Manulife Retirement Date 2060 Fund - ($12,156) Blend: MLI Retirement Date 2060 - ($12,301) Manulife Canadian Equity Balanced Class Adv 7.43% MAM Strategic Income Pooled 7.37% 12,000 MLI International Equity (Templeton) 7.16% 10,000 MLI Q Core Canadian Equity (CC&L) 7.06% Manulife Franklin Bissett Canadian Equity Fund 7.04% 8,000 Manulife U.S. Large Cap Value Fund (T. Rowe 7.00% 6,000 Price) MAM EAFE Equity Index Pooled 5.28% 4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund ------9.19 12.34 Multi-manager Benchmark ------10.12 10.99 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.58 12.34 10.74 - - - Small Benchmark 4.56 10.99 10.54 - - -  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 43.50% S&P/TSX Composite • 19.70% S&P 500 TR CAD A and BBB  • 23.70% MSCI EAFE TR CAD below BBB • 6.60% FTSE TMX Canada Universe • 6.60% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Asset Allocation Code 2002 / MMAAF Volatility meter Low High Manulife Moderate Asset Allocation Fund

 Fund (5)  Benchmark (5) Based on 3 year standard deviation How the fund is invested Objective The Manulife Moderate Asset Allocation Fund is managed to provide a balance between current income and growth of capital with a greater emphasis on income and capital preservation. This fund is diversified by asset class and investment styles with the objective of achieving superior Composition risk-adjusted returns over the long term. The Fund will generally maintain 60% of its investments in Canadian Fixed Income 29.64% fixed income funds and 40% in equity funds, though each segment may vary up to 10% from time Canadian Equity 16.02% to time. United States Fixed Income 12.19% Foreign Equity 11.95% Managed by Manulife Asset Mgmt Ltd - Portfolio Solutions Grp United States Equity 9.47% Foreign Fixed Income 6.99% Fund managers Various (please refer to Top Holdings allocation on this page) Cash & Equivalents 3.04% Inception date January 1999 Other 10.70% Total assets $704.0 million Underlying fund operating expense (2016) In IMF + 0.01640% Geographic split Canada 48.10% United States 22.57% United Kingdom 2.54% Japan 1.56% Mexico 1.31% Germany 1.07% France 1.02% Overall past performance Other 21.83% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM Strategic Income Pooled 17.85% MLI Cdn Bond (MAM) 17.39% Manulife Fixed Income Plus (AB) 10.21% Manulife Moderate Asset Allocation Fund - ($17,606) Blend: MLI Moderate Asset Allocation - ($17,272) MLI Cdn Mortgage (MFC) 7.68% MAM Canadian Bond Index Pooled 4.90% MLI Cdn Large Cap Value Eq (MAM) 4.49% 15,000 MAM US Equity Index Pooled Fund 4.39% MLI World Investment (Mawer) 4.20% 10,000 MLI Canadian Equity Fund 3.37% MLI Q Core Canadian Equity (CC&L) 3.36% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -10.83 14.65 8.97 1.00 8.46 9.50 9.56 6.11 5.59 7.32 Multi-manager Benchmark -9.42 13.47 9.43 3.23 6.29 7.57 9.42 6.57 5.18 6.07 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.83 7.32 6.44 6.33 7.60 5.81 Small Benchmark 3.08 6.07 5.62 5.93 6.95 5.61  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to outperform a benchmark portfolio that is comprised of AAA and AA the following: • 42.0% FTSE TMX Canada Universe Bond A and BBB  • 18.0% Barclays Multiverse below BBB • 20.0% S&P/TSX Total Return Index • 10.8% MSCI EAFE Total Return Index ($Cdn) Note: All rates of return are shown before investment management fees or taxes • 9.2% S&P 500 Total Return Index ($Cdn) have been deducted. Effective May 1, 2010, assets in this fund reflect GRS assets exclusively. Performance data for periods The rate of return is used only to illustrate the effects of the compound growth beginning after May 1, 2010 will reflect detail strictly for the GRS fund. Data for periods that began rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and prior to May 1 will continue to reflect detail for the combined fund. include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5661 / DVSF Volatility meter Low High Manulife Asset Management Diversified Fund

 Fund (6)  Benchmark (5) Based on 3 year standard deviation How the fund is invested Objective The Manulife Asset Management Diversified Fund is managed to provide long term returns through capital appreciation, interest income and dividends by investing primarily in a diversified mix of equities, fixed income securities, cash, and cash equivalent securities. Composition Managed by Manulife Asset Management Limited Canadian Equity 33.96% Canadian Fixed Income 24.23% Fund managers Standard Life Investments Inc. Foreign Equity 16.21% Inception date December 1987 United States Equity 14.50% Cash & Equivalents 10.08% Total assets $820.1 million Underlying fund operating expense (2016) United States Fixed Income 0.83% In IMF Other 0.19%

Geographic split Canada 67.29% United States 14.56% Japan 3.94% United Kingdom 2.71% France 1.80% Germany 1.62% Switzerland 1.49% Overall past performance Other 6.59% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM International Equity Index Pooled 15.25% MAM US Large Cap Core Pooled 13.17% Canada 1.500% 01-Jun-2023 5.76% Manulife Asset Management Diversified Fund - ($17,768) Std Life Diversified index - ($17,977) Canada 3.500% 01-Dec-2045 3.47% iShares S&P/TSX 60 Index ETF 3.01% Toronto-Dominion Bank 2.47% 15,000 Canada 3.250% 01-Jun-2021 2.47% Bank of Nova Scotia 1.70% 10,000 iShares MSCI EAFE ETF 1.69% Canadian Natural Resources Ltd 1.66% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -14.73 15.37 10.59 -0.92 7.44 16.34 9.12 6.56 4.84 8.15 Benchmark -11.63 19.15 12.82 5.26 6.39 2.61 11.86 -0.80 8.29 9.60

Investment objective Over the long term, this fund is expected to outperform a benchmark comprised of the following: • 35% FTSE TMX Canada Universe Bond Index • 32% S&P/TSX Composite Index • 14% S&P 500 Index ($ Cdn) • 14% MSCI EAFE Index ($ Cdn) • 5% FTSE TMX Canada 91-day T-Bill Index. Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5852 / DVSTP Volatility meter Low High Manulife Diversified Tri-Plan Fund (Manulife Asset  Fund (6)  Benchmark (-) Management) Based on 3 year standard deviation How the fund is invested Objective To provide long term returns through capital appreciation, interests income, and dividends by investing primarily in a diversified mix of equities, fixed income securities, cash, and cash equivalent securities. Composition Managed by Manulife Asset Management Limited Canadian Equity 34.21% Canadian Fixed Income 22.33% Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team Foreign Equity 17.39% Inception date May 1996 United States Equity 13.65% Cash & Equivalents 11.83% Total assets $151.6 million United States Fixed Income 0.59%

Geographic split Canada 65.96% United States 15.90% Japan 3.69% United Kingdom 3.56% Ireland 1.71% France 1.30% Netherlands 1.04% Overall past performance Other 6.84% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MAM International Equity Pooled 16.65% MAM US Large Cap Core Pooled 13.04% iShares S&P/TSX 60 Index ETF 12.25% Manulife Diversified Tri-Plan Fund (Manulife Asset Management) - ($17,683) Benchmark: NA - (-) Canada 1.500% 01-Jun-2023 5.32% Canada 2.250% 01-Jun-2025 3.37% Canada 3.500% 01-Dec-2045 3.30% 15,000 Canada 3.250% 01-Jun-2021 2.87% Toronto-Dominion Bank 1.76% 10,000 SPDR S&P 500 ETF Trust 1.53% Bank of Nova Scotia 1.21% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -15.39 15.71 10.40 -0.95 7.69 16.70 9.09 6.34 4.92 7.98 Benchmark ------

Investment objective -

Geographic split Canada 48.67% United States 22.88% United Kingdom 2.32% Mexico 1.37% Japan 1.37% Germany 0.98% France 0.92% Overall past performance Other 21.49% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) MLI Cdn Bond (MAM) 19.54% MAM Strategic Income Pooled 18.56% Manulife Fixed Income Plus (AB) 11.37% Manulife Retirement Income Fund - ($15,928) Blend: MLI Retirement Income - ($15,939) MLI Cdn Mortgage (MFC) 7.70% MAM Canadian Bond Index Pooled 5.62% 15,000 MLI Cdn Large Cap Value Eq (MAM) 3.97% MAM US Equity Index Pooled Fund 3.81% MLI World Investment (Mawer) 3.67% 10,000 Manulife Canadian Equity Balanced Class Adv 2.95% Manulife Franklin Bissett Canadian Equity Fund 2.94% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund - - - 1.42 7.96 8.06 9.50 5.95 5.44 6.79 Multi-manager Benchmark -9.00 12.84 8.94 3.99 5.96 7.15 9.34 6.54 4.69 5.58 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the

Large benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.67 6.79 6.10 6.05 7.13 - Small Benchmark 2.92 5.58 5.12 5.59 6.64 5.45  All cap Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 17.50% S&P/TSX Composite • 8.00% S&P 500 TR CAD A and BBB  • 9.50% MSCI EAFE TR CAD below BBB • 46.50% FTSE TMX Canada Universe • 18.50% Barclays Multiverse Index Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 2661 / IIPSL Volatility meter Low High Manulife Income Index Portfolio Fund

 Fund (4)  Benchmark (4) Based on 3 year standard deviation How the fund is invested Objective The Income Index Portfolio Fund is managed to provide investors with relatively stable returns over the long term commensurate with a low degree of risk, by primarily investing in units of a selection of Standard Life’s pooled index and money market funds. Composition Managed by Manulife Asset Management Limited Canadian Fixed Income 49.82% Canadian Equity 23.84% Fund managers The Standard Life Assurance Company of Canada Cash & Equivalents 10.55% Inception date April 2000 Foreign Equity 7.57% United States Equity 7.16% Total assets $10.9 million Underlying fund operating expense (2016) United States Fixed Income 0.15% In IMF Foreign Fixed Income 0.02% Other 0.89%

Geographic split Canada 84.59% United States 7.44% Japan 1.75% United Kingdom 1.17% France 0.74% Germany 0.72% Switzerland 0.67% Overall past performance Other 2.92% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) Manulife Canadian Bond Index Fund (MAM) 49.69% Manulife Canadian Equity Capped Index Fund 25.37% (MAM) Manulife Income Index Portfolio Fund - ($16,072) Manulife Money Market Fund (MAM) 10.01% Std Life Income Index Port benchmark - ($16,341)

Manulife US Equity Index Fund (MAM) 7.47% 15,000 Manulife BlackRock International Equity Index 7.47% Fund

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -10.17 12.63 8.59 2.04 5.79 7.51 9.12 2.55 6.41 5.86 Multi-manager Benchmark -9.77 12.93 8.88 2.27 5.95 7.64 9.22 2.57 6.51 5.84 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.00 5.86 6.13 4.92 6.26 4.86 Small Benchmark 3.01 5.84 6.17 4.95 6.33 5.03

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The fund’s performance is benchmarked against a blend of: AAA and AA • 50.0% FTSE TMX Canada Universe Bond • 25.0% S&P/TSX Capped Composite Index A and BBB  • 10.0% FTSE TMX Canada 91 Day T-Bill Index below BBB • 7.5% S&P 500 (Can$) Index • 7.5% MSCI EAFE Index (net of with. taxes) Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 2663 / BIPSL Volatility meter Low High Manulife Balanced Index Portfolio Fund

 Fund (6)  Benchmark (6) Based on 3 year standard deviation How the fund is invested Objective The Balanced Index Portfolio Fund is managed to provide investors with competitive returns over the long term, commensurate with a moderate degree of risk, by primarily investing in units of a selection of pooled index and money market funds. Composition Managed by Manulife Asset Management Limited Canadian Fixed Income 40.01% Canadian Equity 28.58% Fund managers The Standard Life Assurance Company of Canada Foreign Equity 15.16% Inception date April 2000 United States Equity 13.97% Cash & Equivalents 1.02% Total assets $170.3 million Underlying fund operating expense (2016) United States Fixed Income 0.12% In IMF Foreign Fixed Income 0.02% Other 1.12% Equity Industry Financials 15.62% Energy 7.44% Industrials 6.36% Information Technology 5.37% Consumer Discretionary 5.21% Materials 4.92% Consumer Staples 3.93% Other 51.15% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 69.66% have been deducted. United States 14.66% Japan 3.58% United Kingdom 2.27% France 1.49% Germany 1.46% Manulife Balanced Index Portfolio Fund - ($17,372) Switzerland 1.36% Std Life Balanced Index Port benchmark - ($17,685) Other 5.52%

Top holdings 15,000 (As at December 31, 2017) Manulife Canadian Bond Index Fund (MAM) 39.72% Manulife Canadian Equity Capped Index Fund 30.41% 10,000 (MAM) Manulife US Equity Index Fund (MAM) 14.94% Manulife BlackRock International Equity Index 14.92% 5,000 Fund

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -16.60 15.39 9.64 0.01 7.74 13.28 10.73 4.51 7.70 8.22 Benchmark -16.26 15.68 9.94 0.29 7.95 13.47 10.80 4.50 7.81 8.30

Value Core/Blend Growth Investment objective  Large The fund’s performance is benchmarked against a blend of: Medium • 40% FTSE TMX Canada Universe Bond • 30% S&P/TSX Capped Composite Index Small • 15% S&P 500 ($ Cdn) Index All cap • 15% MSCI EAFE Index (net of with. taxes)

 Fund (7)  Benchmark (7) Based on 3 year standard deviation How the fund is invested Objective The Growth Index Portfolio Fund is managed to provide investors with competitive returns over the long term commensurate with a moderate degree of risk, by primarily investing in units of a selection of pooled index and money market funds. Composition Managed by Manulife Asset Management Limited Canadian Equity 42.70% Canadian Fixed Income 20.38% Fund managers The Standard Life Assurance Company of Canada Foreign Equity 17.56% Inception date April 2000 United States Equity 16.58% Cash & Equivalents 1.10% Total assets $14.1 million Underlying fund operating expense (2016) United States Fixed Income 0.06% In IMF Foreign Fixed Income 0.01% Other 1.61%

Geographic split Canada 64.77% United States 16.94% Japan 4.06% United Kingdom 2.70% France 1.71% Germany 1.66% Switzerland 1.56% Overall past performance Other 6.60% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) Manulife Canadian Equity Capped Index Fund 45.44% (MAM) Manulife Canadian Bond Index Fund (MAM) 19.78% Manulife Growth Index Portfolio Fund - ($17,431) Manulife US Equity Index Fund (MAM) 17.35% Std Life Growth Index Port benchmark - ($17,904) Manulife BlackRock International Equity Index 17.34% Fund 15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -23.83 19.70 11.05 -3.52 8.71 17.45 11.21 3.36 10.57 9.96 Multi-manager Benchmark -23.34 20.31 11.45 -3.07 9.00 17.64 11.31 3.38 10.75 9.96 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.38 9.96 10.25 7.91 10.41 5.71 Small Benchmark 4.43 9.96 10.34 7.97 10.51 5.99

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The fund’s performance is benchmarked against a blend of: AAA and AA • 20.0% FTSE TMX Canada Universe Bond • 45.0% S&P/TSX Capped Composite Index A and BBB  • 17.5% S&P 500 (Can$) Index below BBB • 17.5% MSCI EAFE Index (net of with. taxes)

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Retirement Index Fund I

Objective The BlackRock LifePath® Index Retirement Fund is managed to provide investors with Composition a single fund that is broadly diversified among Canadian and International stocks, bonds and Canadian Fixed Income 59.19% alternative investments that automatically evolves to a more conservative asset mix over time to United States Equity 16.70% match their investment time horizon. Foreign Equity 9.80% Canadian Equity 7.73% Managed by BlackRock Asset Management Canada Limited Cash & Equivalents 0.87% United States Fixed Income 0.16% Fund managers Amy Whitelaw Foreign Fixed Income 0.04% Inception date March 2007 Manulife inception date June 2009 Other 5.51% Total assets $1,325.3 million Geographic split Canada 67.81% United States 19.27% Japan 2.18% United Kingdom 1.46% France 0.95% Germany 0.89% Switzerland 0.78% Overall past performance Other 6.66% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock Canada Universe Bond Index Class D 50.50% BlackRock CDN US Equity Index Class D 11.81% Manulife LifePath Index Retirement Fund (BlackRock) - ($16,566) BlackRock Canada Real Return Bond Index Class D 9.29% Blend: BR LifePath Idx Retirement - ($16,906) BlackRock CDN LifePath Retirement Index Fund I BlackRock CDN MSCI EAFE Equity Index Class D 8.05% BlackRock Canadian Equity Index Class D 7.71% 15,000 iShares S&P GSCI Commodity-Indexed Trust 5.31% iShares MSCI Emerging Markets ETF 2.89% BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 2.55% 10,000 iShares Russell 2000 ETF 0.98% BlackRock Canadian Global Infra Eq Idx Fd Cl D 0.92% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -10.51 13.64 9.30 5.32 6.80 5.59 9.11 4.77 4.30 5.71 Benchmark -10.55 14.15 9.64 5.66 6.99 5.64 9.15 4.89 4.45 5.76 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.70 5.71 4.99 4.92 5.88 - Small Benchmark 3.74 5.76 5.09 5.03 5.96 5.39

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 50.15% FTSE TMX Canada Universe Bond Index  • 9.88% FTSE TMX Canada Real Return Bond Index A and BBB • 7.55% S&P®/TSX® Capped Composite Index ® below BBB • 12.13% S&P 500 Index • 1.09% Russell 2000 Index Note: All rates of return are shown before investment management fees or taxes • 7.86% MSCI EAFE Index have been deducted. • 2.65% MSCI Emerging Markets Index The rate of return is used only to illustrate the effects of the compound growth • 5.34% S&P GSCI Commodity Index rate and is not intended to reflect the future values or returns in the Fund. • 2.51% FTSE EPRA/NAREIT Developed Index Source: Lipper, a Thomson Reuters company • 0.84% Dow Jones Brookfield Global Infrastructure Index Target Date Code 2171 / B2020 Volatility meter Low High Manulife LifePath Index 2020 Fund (BlackRock)

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Index 2020 Fund

Objective The BlackRock LifePath® Index 2020 Fund is managed to provide investors with a single Composition fund that is broadly diversified among Canadian and International stocks, bonds and alternative Canadian Fixed Income 51.22% investments that automatically evolves to a more conservative asset mix over time to match their United States Equity 20.67% investment time horizon. Foreign Equity 12.45% Canadian Equity 9.35% Managed by BlackRock Asset Management Canada Limited Cash & Equivalents 0.92% United States Fixed Income 0.14% Fund managers Amy Whitelaw Foreign Fixed Income 0.03% Inception date March 2007 Manulife inception date June 2009 Other 5.22% Total assets $2,839.4 million Geographic split Canada 61.51% United States 22.41% Japan 2.70% United Kingdom 1.84% France 1.22% Germany 1.09% Australia 0.99% Overall past performance Other 8.24% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock Canada Universe Bond Index Class D 43.84% BlackRock CDN US Equity Index Class D 13.58% Manulife LifePath Index 2020 Fund (BlackRock) - ($16,898) BlackRock CDN MSCI EAFE Equity Index Class D 9.29% Blend: BlackRock LifePath Index 2020 - ($17,101) BlackRock CDN LifePath 2020 Index Fund BlackRock Canadian Equity Index Class D 9.12% BlackRock Canada Real Return Bond Index Class D 7.90% 15,000 iShares S&P GSCI Commodity-Indexed Trust 4.95% BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 4.70% iShares MSCI Emerging Markets ETF 3.34% 10,000 BlackRock Canadian Global Infra Eq Idx Fd Cl D 2.06% iShares Russell 2000 ETF 1.22% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -20.23 16.76 11.19 3.48 8.89 8.83 12.66 5.73 5.47 6.56 Benchmark -20.92 17.29 11.61 3.76 9.10 8.80 12.69 5.81 5.52 6.59 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.87 6.56 6.01 5.92 7.81 - Small Benchmark 3.91 6.59 6.04 5.97 7.84 5.51

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 41.75% FTSE TMX Canada Universe Bond Index  • 8.22% FTSE TMX Canada Real Return Bond Index A and BBB • 9.86% S&P®/TSX® Capped Composite Index ® below BBB • 14.40% S&P 500 Index • 1.29% Russell 2000 Index Note: All rates of return are shown before investment management fees or taxes • 9.33% MSCI EAFE Index have been deducted. • 3.14% MSCI Emerging Markets Index The rate of return is used only to illustrate the effects of the compound growth • 4.93% S&P GSCI Commodity Index rate and is not intended to reflect the future values or returns in the Fund. • 5.04% FTSE EPRA/NAREIT Developed Index Source: Lipper, a Thomson Reuters company • 2.04% Dow Jones Brookfield Global Infrastructure Index Target Date Code 2172 / B2025 Volatility meter Low High Manulife LifePath Index 2025 Fund (BlackRock)

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Index 2025 Fund

Objective The BlackRock LifePath® Index 2025 Fund is managed to provide investors with a single Composition fund that is broadly diversified among Canadian and International stocks, bonds and alternative Canadian Fixed Income 39.85% investments that automatically evolves to a more conservative asset mix over time to match their United States Equity 26.24% investment time horizon. Foreign Equity 16.15% Canadian Equity 11.74% Managed by BlackRock Asset Management Canada Limited Cash & Equivalents 1.00% United States Fixed Income 0.11% Fund managers Amy Whitelaw Foreign Fixed Income 0.02% Inception date October 2007 Manulife inception date June 2009 Other 4.89% Total assets $3,478.9 million Geographic split Canada 52.62% United States 26.86% Japan 3.45% United Kingdom 2.35% France 1.60% Germany 1.40% Australia 1.34% Overall past performance Other 10.38% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock Canada Universe Bond Index Class D 34.03% BlackRock CDN US Equity Index Class D 16.30% Manulife LifePath Index 2025 Fund (BlackRock) - ($17,378) BlackRock Canadian Equity Index Class D 11.27% Blend: BlackRock LifePath Index 2025 - ($17,508) BlackRock CDN LifePath 2025 Index Fund BlackRock CDN MSCI EAFE Equity Index Class D 11.13% BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 7.73% BlackRock Canada Real Return Bond Index Class D 6.23% 15,000 iShares S&P GSCI Commodity-Indexed Trust 4.52% iShares MSCI Emerging Markets ETF 3.99% 10,000 BlackRock Canadian Global Infra Eq Idx Fd Cl D 3.35% iShares Russell 2000 ETF 1.45% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -22.48 17.04 11.51 2.04 9.71 11.62 13.54 6.49 6.11 7.56 Benchmark -23.41 17.60 11.91 2.44 9.86 11.62 13.64 6.59 6.14 7.56 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.09 7.56 6.83 6.71 9.02 - Small Benchmark 4.14 7.56 6.84 6.75 9.06 5.76

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 32.64% FTSE TMX Canada Universe Bond Index  • 6.43% FTSE TMX Canada Real Return Bond Index A and BBB • 12.34% S&P®/TSX® Capped Composite Index ® below BBB • 16.87% S&P 500 Index • 1.51% Russell 2000 Index Note: All rates of return are shown before investment management fees or taxes • 10.92% MSCI EAFE Index have been deducted. • 3.68% MSCI Emerging Markets Index The rate of return is used only to illustrate the effects of the compound growth • 4.48% S&P GSCI Commodity Index rate and is not intended to reflect the future values or returns in the Fund. • 7.78% FTSE EPRA/NAREIT Developed Index Source: Lipper, a Thomson Reuters company • 3.35% Dow Jones Brookfield Global Infrastructure Index Target Date Code 2173 / B2030 Volatility meter Low High Manulife LifePath Index 2030 Fund (BlackRock)

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Index 2030 Fund

Objective The BlackRock LifePath® Index 2030 Fund is managed to provide investors with a single Composition fund that is broadly diversified among Canadian and International stocks, bonds and alternative United States Equity 30.78% investments that automatically evolves to a more conservative asset mix over time to match their Canadian Fixed Income 30.63% investment time horizon. Foreign Equity 19.18% Canadian Equity 13.60% Managed by BlackRock Asset Management Canada Limited Cash & Equivalents 1.06% United States Fixed Income 0.08% Fund managers Amy Whitelaw Foreign Fixed Income 0.02% Inception date March 2007 Manulife inception date June 2009 Other 4.65% Total assets $3,476.2 million Geographic split Canada 45.32% United States 30.53% Japan 4.06% United Kingdom 2.78% France 1.91% Germany 1.64% Australia 1.63% Overall past performance Other 12.13% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock Canada Universe Bond Index Class D 26.24% BlackRock CDN US Equity Index Class D 18.47% Manulife LifePath Index 2030 Fund (BlackRock) - ($17,437) BlackRock Canadian Equity Index Class D 12.91% Blend: BlackRock LifePath Index 2030 - ($17,637) BlackRock CDN LifePath 2030 Index Fund BlackRock CDN MSCI EAFE Equity Index Class D 12.62% BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 10.15% BlackRock Canada Real Return Bond Index Class D 4.71% 15,000 iShares MSCI Emerging Markets ETF 4.52% BlackRock Canadian Global Infra Eq Idx Fd Cl D 4.52% 10,000 iShares S&P GSCI Commodity-Indexed Trust 4.21% iShares Russell 2000 ETF 1.66% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -24.62 18.06 11.44 -0.22 10.28 14.39 13.45 6.94 6.58 8.39 Benchmark -25.28 18.77 11.83 0.21 10.46 14.45 13.53 6.99 6.61 8.33 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.27 8.39 7.47 7.30 9.90 - Small Benchmark 4.32 8.33 7.46 7.30 9.93 5.83

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 29.03% FTSE TMX Canada Long Term Bond Index  • 16.02% S&P®/TSX® Capped Composite Index A and BBB • 18.21% S&P 500® Index below BBB • 1.71% Russell 2000 Index • 13.28% MSCI EAFE Index Note: All rates of return are shown before investment management fees or taxes • 3.64% MSCI Emerging Markets Index have been deducted. • 4.35% S&P GSCI Commodity Index The rate of return is used only to illustrate the effects of the compound growth • 9.63% FTSE EPRA/NAREIT Developed Index rate and is not intended to reflect the future values or returns in the Fund. • 4.13% Dow Jones Brookfield Global Infrastructure Index Source: Lipper, a Thomson Reuters company Target Date Code 2174 / B2035 Volatility meter Low High Manulife LifePath Index 2035 Fund (BlackRock)

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Index 2035 Fund

Objective The BlackRock LifePath® Index 2035 Fund is managed to provide investors with a single Composition fund that is broadly diversified among Canadian and International stocks, bonds and alternative United States Equity 35.14% investments that automatically evolves to a more conservative asset mix over time to match their Foreign Equity 22.11% investment time horizon. Canadian Fixed Income 21.75% Canadian Equity 15.40% Managed by BlackRock Asset Management Canada Limited Cash & Equivalents 1.12% United States Fixed Income 0.06% Fund managers Amy Whitelaw Foreign Fixed Income 0.01% Inception date October 2007 Manulife inception date June 2009 Other 4.41% Total assets $2,824.6 million Geographic split Canada 38.30% United States 34.05% Japan 4.65% United Kingdom 3.19% France 2.21% Australia 1.91% Germany 1.88% Overall past performance Other 13.81% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock CDN US Equity Index Class D 20.56% BlackRock Canada Universe Bond Index Class D 18.64% Manulife LifePath Index 2035 Fund (BlackRock) - ($17,615) BlackRock Canadian Equity Index Class D 14.50% Blend: BlackRock LifePath Index 2035 - ($17,850) BlackRock CDN LifePath 2035 Index Fund BlackRock CDN MSCI EAFE Equity Index Class D 14.05% BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 12.52% BlackRock Canadian Global Infra Eq Idx Fd Cl D 5.65% 15,000 iShares MSCI Emerging Markets ETF 5.03% iShares S&P GSCI Commodity-Indexed Trust 3.89% 10,000 BlackRock Canada Real Return Bond Index Class D 3.32% iShares Russell 2000 ETF 1.83% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -26.24 20.50 11.15 -2.10 10.74 16.72 13.77 7.38 7.14 9.21 Benchmark -26.98 20.20 11.65 -1.62 10.91 16.78 13.85 7.40 7.14 9.12 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.45 9.21 8.16 7.90 10.78 - Small Benchmark 4.49 9.12 8.11 7.88 10.79 5.96

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark portfolio adjusted semi- AAA and AA annually.  • 17.56% FTSE TMX Canada Universe Bond Index A and BBB • 3.46% FTSE TMX Canada Real Return Bond Index ® ® below BBB • 16.48% S&P /TSX Capped Composite Index • 20.94% S&P 500® Index Note: All rates of return are shown before investment management fees or taxes • 1.87% Russell 2000 Index have been deducted. • 13.56% MSCI EAFE Index The rate of return is used only to illustrate the effects of the compound growth • 4.57% MSCI Emerging Markets Index rate and is not intended to reflect the future values or returns in the Fund. • 3.73% S&P GSCI Commodity Index Source: Lipper, a Thomson Reuters company • 12.32% FTSE EPRA/NAREIT Developed Index • 5.51% Dow Jones Brookfield Global Infrastructure Index Target Date Code 2175 / B2040 Volatility meter Low High Manulife LifePath Index 2040 Fund (BlackRock)

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Index 2040 Fund

Objective The BlackRock LifePath® Index 2040 Fund is managed to provide investors with a single Composition fund that is broadly diversified among Canadian and International stocks, bonds and alternative United States Equity 39.55% investments that automatically evolves to a more conservative asset mix over time to match their Foreign Equity 25.08% investment time horizon. Canadian Equity 17.21% Canadian Fixed Income 12.77% Managed by BlackRock Asset Management Canada Limited Cash & Equivalents 1.18% United States Fixed Income 0.04% Fund managers Amy Whitelaw Foreign Fixed Income 0.01% Inception date March 2007 Manulife inception date June 2009 Other 4.16% Total assets $2,514.1 million Geographic split United States 37.58% Canada 31.20% Japan 5.24% United Kingdom 3.61% France 2.52% Australia 2.20% Hong Kong 2.12% Overall past performance Other 15.53% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock CDN US Equity Index Class D 22.67% BlackRock Canadian Equity Index Class D 16.09% Manulife LifePath Index 2040 Fund (BlackRock) - ($17,893) BlackRock CDN MSCI EAFE Equity Index Class D 15.50% Blend: BlackRock LifePath Index 2040 - ($18,097) BlackRock CDN LifePath 2040 Index Fund BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 14.92% BlackRock Canada Universe Bond Index Class D 11.00% BlackRock Canadian Global Infra Eq Idx Fd Cl D 6.80% 15,000 iShares MSCI Emerging Markets ETF 5.55% iShares S&P GSCI Commodity-Indexed Trust 3.58% iShares Russell 2000 ETF 1.98% 10,000 BlackRock Canada Real Return Bond Index Class D 1.91% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -27.89 21.84 10.91 -3.46 11.12 18.68 14.18 7.96 7.79 10.03 Benchmark -28.46 21.52 11.43 -3.20 11.30 18.76 14.22 7.93 7.75 9.92 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.63 10.03 8.89 8.58 11.65 - Small Benchmark 4.66 9.92 8.82 8.52 11.63 6.11

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark portfolio adjusted semi- AAA and AA annually.  • 9.99% FTSE TMX Canada Universe Bond Index A and BBB • 1.97% FTSE TMX Canada Real Return Bond Index ® ® below BBB • 18.53% S&P /TSX Capped Composite Index • 22.99% S&P 500® Index Note: All rates of return are shown before investment management fees or taxes • 2.06% Russell 2000 Index have been deducted. • 14.89% MSCI EAFE Index The rate of return is used only to illustrate the effects of the compound growth • 5.02% MSCI Emerging Markets Index rate and is not intended to reflect the future values or returns in the Fund. • 3.36% S&P GSCI Commodity Index Source: Lipper, a Thomson Reuters company • 14.60% FTSE EPRA/NAREIT Developed Index • 6.59% Dow Jones Brookfield Global Infrastructure Index Target Date Code 2176 / B2045 Volatility meter Low High Manulife LifePath Index 2045 Fund (BlackRock)

 Fund (8)  Benchmark (9) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Index 2045 Fund

Objective The BlackRock LifePath® Index 2045 Fund is managed to provide investors with a single Composition fund that is broadly diversified among Canadian and International stocks, bonds and alternative United States Equity 43.52% investments that automatically evolves to a more conservative asset mix over time to match their Foreign Equity 27.71% investment time horizon. Canadian Equity 18.84% Canadian Fixed Income 4.80% Managed by BlackRock Asset Management Canada Limited Cash & Equivalents 1.24% United States Fixed Income 0.01% Fund managers Amy Whitelaw Other 3.88% Inception date July 2008 Manulife inception date June 2009 Total assets $1,954.1 million Geographic split United States 40.69% Canada 24.92% Japan 5.77% United Kingdom 3.98% France 2.79% Australia 2.45% Hong Kong 2.38% Overall past performance Other 17.02% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock CDN US Equity Index Class D 24.60% BlackRock Canadian Equity Index Class D 17.52% Manulife LifePath Index 2045 Fund (BlackRock) - ($19,465) BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 17.02% Blend: BlackRock LifePath Index 2045 - ($19,059) BlackRock CDN LifePath 2045 Index Fund BlackRock CDN MSCI EAFE Equity Index Class D 16.78% BlackRock Canadian Global Infra Eq Idx Fd Cl D 7.84% iShares MSCI Emerging Markets ETF 6.05% BlackRock Canada Universe Bond Index Class D 4.13% 15,000 iShares S&P GSCI Commodity-Indexed Trust 3.22% iShares Russell 2000 ETF 2.11% 10,000 BlackRock Canada Real Return Bond Index Class D 0.72%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund - 25.39 10.90 -4.71 11.53 20.53 14.58 8.53 8.30 10.71 Benchmark - 22.96 11.52 -4.67 11.62 20.55 14.72 8.42 8.20 10.58 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.78 10.71 9.48 9.16 12.43 - Small Benchmark 4.82 10.58 9.37 9.05 12.39 -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 3.65% FTSE TMX Canada Universe Bond Index  • 0.72% FTSE TMX Canada Real Return Bond Index A and BBB • 20.28% S&P®/TSX® Capped Composite Index ® below BBB • 24.70% S&P 500 Index • 2.21% Russell 2000 Index Note: All rates of return are shown before investment management fees or taxes • 16.00% MSCI EAFE Index have been deducted. • 5.39% MSCI Emerging Markets Index The rate of return is used only to illustrate the effects of the compound growth • 3.04% S&P GSCI Commodity Index rate and is not intended to reflect the future values or returns in the Fund. • 16.51% FTSE EPRA/NAREIT Developed Index Source: Lipper, a Thomson Reuters company • 7.50% Dow Jones Brookfield Global Infrastructure Index Target Date Code 2177 / B2050 Volatility meter Low High Manulife LifePath Index 2050 Fund (BlackRock)

 Fund (9)  Benchmark (9) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Index 2050 Fund

Objective The BlackRock LifePath® Index 2050 Fund is managed to provide investors with a single Composition fund that is broadly diversified among Canadian and International stocks, bonds and alternative United States Equity 45.62% investments that automatically evolves to a more conservative asset mix over time to match their Foreign Equity 29.12% investment time horizon. Canadian Equity 19.56% Cash & Equivalents 1.26% Managed by BlackRock Asset Management Canada Limited Canadian Fixed Income 0.71% Other 3.73% Fund managers Amy Whitelaw Inception date July 2012 Manulife inception date August 2012 Total assets $979.6 million Geographic split United States 42.35% Canada 21.57% Japan 6.04% United Kingdom 4.18% France 2.94% Australia 2.58% Hong Kong 2.52% Overall past performance Other 17.82% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock CDN US Equity Index Class D 25.57% BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 18.13% Manulife LifePath Index 2050 Fund (BlackRock) - ($19,482) BlackRock Canadian Equity Index Class D 18.12% Blend: BlackRock LifePath Index 2050 - ($19,711) BlackRock CDN LifePath 2050 Index Fund BlackRock CDN MSCI EAFE Equity Index Class D 17.44% BlackRock Canadian Global Infra Eq Idx Fd Cl D 8.50% iShares MSCI Emerging Markets ETF 6.29% iShares S&P GSCI Commodity-Indexed Trust 3.04% 15,000 iShares Russell 2000 ETF 2.19% BlackRock Canada Universe Bond Index Class D 0.63% 10,000 BlackRock Canada Real Return Bond Index Class D 0.09%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund - - - - - 20.59 14.77 8.98 8.34 11.06 Benchmark - - - - - 21.91 15.06 8.86 8.22 10.91 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.89 11.06 9.67 9.44 12.65 - Small Benchmark 4.90 10.91 9.55 9.32 12.87 -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: AAA and AA • 0.42% FTSE TMX Canada Universe Bond Index  • 0.08% FTSE TMX Canada Real Return Bond Index A and BBB • 21.15% S&P®/TSX® Capped Composite Index ® below BBB • 25.57% S&P 500 Index • 2.29% Russell 2000 Index Note: All rates of return are shown before investment management fees or taxes • 16.57% MSCI EAFE Index have been deducted. • 5.58% MSCI Emerging Markets Index The rate of return is used only to illustrate the effects of the compound growth • 2.89% S&P GSCI Commodity Index rate and is not intended to reflect the future values or returns in the Fund. • 17.48% FTSE EPRA/NAREIT Developed Index Source: Lipper, a Thomson Reuters company • 7.97% Dow Jones Brookfield Global Infrastructure Index Target Date Code 2178 / B2055 Volatility meter Low High Manulife LifePath Index 2055 Fund (BlackRock)

 Fund (-)  Benchmark (-) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN LifePath Index 2055 Fund

Objective The BlackRock LifePath Index 2055 Fund is managed to provide investors with a single Composition fund that is broadly diversified among Canadian and International stocks, bonds and alternative United States Equity 46.02% investments that automatically evolves to a more conservative asset mix over time to match their Foreign Equity 29.39% investment time horizon. Canadian Equity 19.68% Cash & Equivalents 1.27% Managed by BlackRock Asset Management Canada Limited Other 3.64% Fund managers Amy Whitelaw Inception date June 2015 Manulife inception date September 2015 Total assets $275.4 million Geographic split United States 42.64% Canada 20.99% Japan 6.10% United Kingdom 4.22% France 2.97% Australia 2.61% Hong Kong 2.54% Overall past performance Other 17.93% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. BlackRock CDN US Equity Index Class D 25.81% BlackRock Canadian Global Dev Rl Est Idx Fd Cl D 18.33% Manulife LifePath Index 2055 Fund (BlackRock) - ($12,441) BlackRock Canadian Equity Index Class D 18.23% Blend: BlackRock LifePath Index 2055 - ($12,308) BlackRock CDN LifePath 2055 Index Fund BlackRock CDN MSCI EAFE Equity Index Class D 17.59% BlackRock Canadian Global Infra Eq Idx Fd Cl D 8.57% 12,000 iShares MSCI Emerging Markets ETF 6.30% 10,000 iShares S&P GSCI Commodity-Indexed Trust 2.94% iShares Russell 2000 ETF 2.23% 8,000

6,000

4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund ------8.64 11.16 Benchmark ------8.16 11.00

Value Core/Blend Growth Investment objective Large Over the long term, the Fund attempts to out-perform a benchmark comprised of the following: ® ® Medium • 21.29% S&P /TSX Capped Composite Index • 25.70% S&P 500® Index Small • 2.30% Russell 2000 Index All cap • 16.65% MSCI EAFE Index  • 5.61% MSCI Emerging Markets Index Note: All rates of return are shown before investment management fees or taxes • 2.84% S&P GSCI Commodity Index have been deducted. • 17.60% FTSE EPRA/NAREIT Developed Index The rate of return is used only to illustrate the effects of the compound growth • 8.01% Dow Jones Brookfield Global Infrastructure Index rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Balanced Code 2288 / BIPFR Volatility meter Low High Manulife Russell LifePoints Balanced Income Portfolio Fund

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Russell LifePoints Balanced Income Portfolio - O

Objective The Russell LifePoints Balanced Income Portfolio Fund is managed to provide income Composition with some long-term capital growth primarily through exposure to Canadian fixed income Canadian Fixed Income 36.19% investments and, to a lesser extent, exposure to Canadian and foreign equity securities. Foreign Equity 13.43% Cash & Equivalents 12.60% Managed by Russell Investments Canada Limited United States Equity 9.81% Fund managers Russell Investments Canada Ltd. Foreign Fixed Income 8.70% United States Fixed Income 7.98% Inception date August 2000 Manulife inception date June 2000 Canadian Equity 3.66% Total assets $416.9 million Underlying fund operating expense (2016) Other 7.63% 0.0749% Geographic split Canada 50.84% United States 21.85% Japan 2.93% United Kingdom 2.66% France 1.52% Germany 1.32% Netherlands 1.03% Overall past performance Other 17.85% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) Russell Inv Fixed Income Pool Series O 32.87% Russell Inv Conservative Income Class Series O 11.94% Russell Inv Glo High Income Bond Cl Series O 7.97% Manulife Russell LifePoints Balanced Income Portfolio Fund - ($17,659) Russell LifePoints Bal Income Benchmark - ($16,798) BlueBay Global Convertible Bond (Cdn) O 5.08% Russell Inv Overseas Equity Pool Series O 4.98% Russell Investments Inflation Linked Bond Series O 3.98% 15,000 Russell Inv Focused US Equity Pool Series O 3.94% Russell Inv Global Infrastructure Pool Series O 3.94% 10,000 Russell Inv Global Real Estate Pool Series O 3.89% PowerShares DB Commodity Index Tracking Fund 3.13% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -8.05 13.94 9.51 2.86 8.43 8.18 8.93 5.17 5.22 5.82 Multi-manager Benchmark -6.73 10.05 7.99 4.47 6.77 7.08 9.77 4.96 4.55 5.31 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 2.55 5.82 5.51 5.40 6.65 5.85 Small Benchmark 0.63 5.31 4.93 4.94 6.32 5.32

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The fund’s performance is benchmarked against a blend of: AAA and AA • 12.0% S&P/TSX Capped Composite Index • 20.0% Russell Developed Large Cap Index Net A and BBB  • 53.0% FTSE TMX Canada Universe Bond below BBB • 10.0% FTSE TMX Short Term Bond Index • 3.0% BofA Merrill Lynch Global High Yield Bond Index Hedged (CAD) Note: All rates of return are shown before investment management fees or taxes • 2.0% JP Morgan EMBI Global Diversifi ed Index Hedged (CAD) have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 2287 / BGPFR Volatility meter Low High Manulife Russell LifePoints Balanced Growth Portfolio Fund

 Fund (6)  Benchmark (6) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Russell LifePoints Balanced Growth Portfolio - O

Objective The Russell LifePoints Balanced Growth Portfolio Fund is managed to provide long-term Composition capital growth with some income, primarily through exposure to Canadian and foreign equity Canadian Fixed Income 28.27% securities and, to a lesser extent, exposure to Canadian fixed income investments. Foreign Equity 16.97% United States Equity 16.75% Managed by Russell Investments Canada Limited Canadian Equity 13.70% Fund managers Russell Investments Canada Ltd. Cash & Equivalents 7.80% Foreign Fixed Income 3.64% Inception date August 2000 Manulife inception date June 2000 United States Fixed Income 3.39% Total assets $697.0 million Underlying fund operating expense (2016) Other 9.48% 0.0893% Geographic split Canada 48.57% United States 21.26% United Kingdom 2.75% Japan 2.59% France 1.51% Germany 1.25% Australia 1.21% Overall past performance Other 20.86% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at September 30, 2017) Russell Inv Canadian Fixed Income Series B 35.20% Russell Inv Canadian Equity Class Series B 14.18% Russell Investments Global Equity Series B 8.09% Manulife Russell LifePoints Balanced Growth Portfolio Fund - ($18,531) Russell LifePoints Bal Growth Benchmark - ($17,631) Russell Inv US Equity Class Series B 7.09% Russell Inv Global Real Estate Pool Series O 5.00% Russell Investments Overseas Equity Series B 5.00% 15,000 Russell Inv Global Infrastructure Pool Series O 4.99% Russell Inv Glo High Income Bond Pool Series O 4.92% Russell Inv Global Smaller Companies Pool Series O 4.09% 10,000 Russell Investments Multi-Factor International 4.05% Equity Series O 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -17.15 17.65 11.19 -0.83 9.71 14.58 10.36 6.95 6.72 8.90 Multi-manager Benchmark -15.34 13.31 8.76 0.79 8.72 13.25 11.61 6.28 6.09 8.20 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.72 8.90 7.79 7.51 9.46 6.36 Small Benchmark 3.85 8.20 7.13 6.85 9.04 5.83

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The fund’s performance is benchmarked against a blend of: AAA and AA • 21.5% S&P/TSX Capped Composite Index • 35.5% Russell Developed Large Cap Index Net A and BBB  • 38.0% FTSE TMX Canada Universe Bond below BBB • 3.0% BofA Merrill Lynch Global High Yield Bond Index Hedged (CAD) • 2.0% JP Morgan EMBI Global Diversifi ed Index Hedged (CAD) Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 2289 / LTGFR Volatility meter Low High Manulife Russell LifePoints Long-Term Growth Portfolio  Fund (7)  Benchmark (7) Fund Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Russell LifePoints Long Term Growth Portfolio - O

Objective The Russell LifePoints Long-Term Growth Portfolio Fund objective is to provide long term Composition capital growth primarily through exposure to Canadian and foreign equities. The Fund will have United States Equity 22.22% some exposure to Canadian fixed income investments which will reduce volatility and also provide Foreign Equity 22.15% some growth through capital appreciation of these investments, as well as providing income. Canadian Equity 19.15% Canadian Fixed Income 12.66% Managed by Russell Investments Canada Limited Cash & Equivalents 7.95% Foreign Fixed Income 2.97% Fund managers Russell Investments Canada Ltd. United States Fixed Income 2.15% Inception date August 2000 Manulife inception date June 2000 Other 10.75% Total assets $353.0 million Underlying fund operating expense (2016) 0.0975% Geographic split Canada 38.60% United States 25.72% Japan 3.37% United Kingdom 3.10% France 1.82% Germany 1.52% Australia 1.50% Overall past performance Other 24.37% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at September 30, 2017) Russell Inv Canadian Equity Class Series B 20.02% Russell Inv Canadian Fixed Income Series B 15.64% Russell Investments Global Equity Series B 11.07% Manulife Russell LifePoints Long-Term Growth Portfolio Fund - ($19,017) Russell LifePoints L-T Growth Benchmark - ($18,266) Russell Inv US Equity Class Series B 10.06% Russell Investments Overseas Equity Series B 7.12% Russell Inv Global Real Estate Pool Series O 5.89% 15,000 Russell Inv Global Infrastructure Pool Series O 5.78% Russell Inv Global Smaller Companies Pool Series O 5.10% Russell Investments Multi-Factor International 5.07% 10,000 Equity Series O Russell Inv Glo High Income Bond Pool Series O 4.95% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -24.10 20.22 12.20 -3.73 10.91 20.25 11.30 8.25 8.11 11.08 Multi-manager Benchmark -21.80 15.86 9.30 -2.14 10.26 19.00 12.73 7.58 7.40 10.27 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.39 11.08 9.57 9.13 11.71 6.63 Small Benchmark 4.57 10.27 8.81 8.40 11.31 6.20

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The fund’s performance is benchmarked against a blend of: AAA and AA • 28.5% S&P/TSX Capped Composite Index • 48.5% Russell Developed Large Cap Index Net A and BBB  • 18.0% FTSE TMX Universe Bond Index, below BBB • 3.0% BofA Merrill Lynch Global High Yield Bond Index Hedged (CAD), • 2.0% JP Morgan EMBI Global Diversified Index Hedged (CAD) Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Balanced Code 5443 / SMDVS Volatility meter Low High Manulife MMF Conservative Income Fund

 Fund (-)  Benchmark (4) Based on 3 year standard deviation How the fund is invested Objective The investment objective of the fund is to provide a regular flow of income.The fund invests primarily in a diversified portfolio composed of debt and/or debt-like securities and equity and/or equity-type securities. Composition Managed by Manulife Asset Management Limited Canadian Fixed Income 29.12% United States Fixed Income 20.43% Fund managers Steve Belisle United States Equity 13.26% Inception date November 2015 Foreign Equity 12.07% Canadian Equity 8.88% Total assets $0.4 million Foreign Fixed Income 8.22% Cash & Equivalents 3.67% Other 4.35%

Geographic split Canada 39.92% United States 34.27% United Kingdom 2.92% Netherlands 1.69% Switzerland 1.47% Japan 1.41% Ireland 1.40% Overall past performance Other 16.92% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings have been deducted. (As at December 31, 2017) Manulife Moderate Portfolio 99.93%

Manulife MMF Conservative Income Fund - ($11,403) Blend: MMF Conservative Income - ($11,189)

10,000

8,000

6,000

4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund ------7.98 6.10 Benchmark -6.69 13.95 10.13 4.05 4.79 2.94 9.38 -0.08 7.22 4.48

Investment objective Over the long term, this fund is expected to outperform a benchmark comprised of the following: • 35.00% S&P/TSX Capped Composite • 32.50% FTSE TMX Canada Long Term Bond • 32.50% FTSE TMX Canada Corporate Bond

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Balanced Code 5145 / GAAF Volatility meter Low High Manulife Fidelity Global Asset Allocation Fund

 Fund (10)  Benchmark (9) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity Global Asset Allocation Fund - Series O

Objective The Fidelity Global Asset Allocation Fund is managed to achieve high total investment Composition return by investing in equity securities, fixed income securities and money market instruments United States Equity 46.90% around the world. Foreign Equity 17.33% Foreign Fixed Income 14.12% Managed by FIAM LLC Cash & Equivalents 11.87% Fund managers Fidelity Investments Canada Ltd. United States Fixed Income 7.47% Canadian Equity 1.05% Inception date January 2001 Manulife inception date February 1999 Canadian Fixed Income 0.63% Total assets $319.4 million Underlying fund operating expense (2016) Other 0.63% In IMF Geographic split United States 41.53% Japan 7.55% United Kingdom 6.36% France 4.10% Canada 2.77% Netherlands 2.73% Germany 2.69% Overall past performance Other 32.27% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) SPDR S&P 500 ETF Trust 5.56% iShares MSCI Emerging Markets ETF 3.47% iShares MSCI Eurozone ETF 3.38% Manulife Fidelity Global Asset Allocation Fund - ($21,387) FID Glb Asset Composite - ($18,997) iShares MSCI Japan ETF 2.45% iShares Europe ETF 2.38% 20,000 Technology Select Sector SPDR Fund 2.35%

Health Care Select Sector SPDR Fund 1.54% 15,000 Financial Select Sector SPDR Fund 1.41% iShares MSCI Pacific ex Japan ETF 1.20% 10,000 Industrial Select Sector SPDR Fund 1.11%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -14.59 18.03 4.46 0.21 10.35 22.57 13.05 16.98 1.33 11.82 Multi-manager Benchmark -12.97 8.15 4.88 -1.01 9.38 20.87 12.12 15.42 2.90 10.43 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 4.92 11.82 6.44 9.84 12.92 7.89 Small Benchmark 4.78 10.43 6.59 9.45 12.18 6.62

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over a rolling four-year basis, the Fund is expected to outperform a benchmark composed of the AAA and AA following: • 65% S&P/TSX Composite Total Return Index A and BBB  • 30% FTSE TMX Canada Universe Bond Index below BBB • 5% FTSE TMX Canada 91-Day T-Bill Index.

 Fund (6)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Tactical Income Fund

Objective The MMF Tactical Income Fund is managed to generate income with the potential Composition for long-term capital growth. The portfolio manager will utilize a strategy of tactically allocating Canadian Equity 38.34% investments among various fixed-income and equity asset classes. Canadian Fixed Income 22.26% United States Equity 17.79% Managed by Manulife Asset Management Limited Cash & Equivalents 9.21% Fund managers Standard Life Mutual Funds Ltd. (SLMF) Foreign Equity 6.47% United States Fixed Income 1.19% Inception date July 2007 Manulife inception date December 2013 Foreign Fixed Income 0.09% Total assets $58.0 million Underlying fund operating expense (2016) Other 4.65% In IMF Geographic split Canada 68.72% United States 19.57% Ireland 3.73% Bermuda 2.24% Switzerland 1.35% France 1.24% Netherlands 0.96% Overall past performance Other 2.19% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Bank of Nova Scotia 3.53% Canada 3.500% 01-Dec-2045 2.44% Manulife MMF Tactical Income Fund - ($15,568) Enbridge Inc 1.89% SL Tactical Income Benchmark - ($14,967) Manulife Tactical Income Fund JPMorgan Chase & Co 1.87% Toronto-Dominion Bank 1.82% 15,000 iShares Canadian Universe Bond Index ETF 1.69% Brookfield Infrastructure Partners LP 1.65% Oracle Corp 1.57% 10,000 Canadian National Railway Co 1.57% Altus Group Ltd 1.50% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -9.88 5.14 4.04 0.93 3.39 15.42 7.26 3.72 8.73 8.41 Fundamental, Bottom-up Benchmark -12.32 11.07 8.55 0.85 5.53 5.75 9.75 -2.45 11.05 5.80 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.51 8.41 8.56 6.92 - - Small Benchmark 3.24 5.80 8.38 4.65 5.87 4.11

All cap

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> FIAM Canadian Bond Fund

Objective The portfolio’s investment objective is to generate returns that exceed the DEX Universe Composition Bond Index (the “Index”) by investing primarily in a well-diversified portfolio of Canadian dollar- Canadian Fixed Income 93.52% denominated debt securities. United States Fixed Income 4.05% Foreign Fixed Income 1.24% Managed by FIAM LLC Cash & Equivalents 0.95% Fund managers Brian Miron, Catriona Martin Other 0.24% Inception date July 2002 Manulife inception date February 2014 Total assets $1,864.9 million Underlying fund operating expense (2016) Duration 7.87 0.03247% Bond type Corporate Notes/Bonds 55.57% Provincial/Municipal Bonds 30.50% Govt. Agency Notes/Bonds 8.85% MBS 2.42% Fixed Income Other 1.15% ABS 1.05% Other 0.46% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 1.24% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 17.74% Manulife Fund’s inception date. 3 to 5 Years 16.60% 5 to 10 Years 31.05% 10 to 20 Years 9.57% Manulife Fidelity Canadian Bond Institutional Fund - ($16,662) 20 to 30 Years 18.47% FTSE TMX Universe Bond Index CAD - ($15,778) Greater than 30 Years 4.65% FIAM Canadian Bond Trust Other 0.68%

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Canada 1.250% 01-Feb-2020 3.35% Government of Ontario 2.850% 02-Jun-2023 2.68% 10,000 Government of Ontario 3.500% 02-Jun-2043 1.61% Can House No1 2.350% 15-Jun-2027 1.59% Government of Ontario 4.200% 02-Jun-2020 1.45% 5,000 Government of Quebec 3.750% 01-Sep-2024 1.26% Alberta Province 2.350% 01-Jun-2025 1.23% 0 Government of Ontario 4.700% 02-Jun-2037 1.17% Canada 2.750% 01-Dec-2048 1.15% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canada 3.500% 01-Dec-2045 1.08% (%) Fund 5.10 8.66 7.46 9.57 5.00 -0.87 8.98 3.33 2.43 3.22 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund is expected to outperform the FTSE TMX Universe Bond Index by 50  AAA and AA bps. A and BBB

below BBB

How the underlying fund is invested UNDERLYING FUND -> MAM Canadian Long Duration Fixed Income Pooled Fund Composition Objective The primary objective of this Fund is to achieve a high level of interest income. The Fund Canadian Fixed Income 96.66% invests primarily in fixed-income securities guaranteed by the Government of Canada or Canadian Cash & Equivalents 1.66% provincial, Municipal governments, debt securities issued by Canadian corporations and chartered United States Fixed Income 1.47% Foreign Fixed Income 0.21% banks with maturity of at least 10 years. Managed by Manulife Asset Management Limited Fund managers Hosen Marjaee, Terry Carr Inception date December 2011 Manulife inception date June 2012 Bond type Total assets $974.4 million Underlying fund operating expense (2016) Provincial/Municipal Bonds 55.43% Duration 15.24 0.02% Corporate Notes/Bonds 26.99% Govt. Agency Notes/Bonds 16.79% Other 0.79%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 0.87% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 0.09% Manulife Fund’s inception date. 5 to 10 Years 4.98% 10 to 20 Years 32.01% 20 to 30 Years 46.21% Manulife Asset Management Long Duration Fixed Income Fund - ($14,062) Greater than 30 Years 15.06% Cust Benchm FTSE TMX Long Term Bond Total Return - ($13,687) Other 0.78% MAM Long Duration Fixed Income Fund 14,000

Top holdings within the underlying fund 12,000 (As at December 31, 2017) Government of Quebec 3.500% 01-Dec-2045 6.30% 10,000 Government of Ontario 3.450% 02-Jun-2045 6.13% 8,000 Government of Ontario 5.600% 02-Jun-2035 5.51% 6,000 Canada 5.750% 01-Jun-2033 4.77% Government of Ontario 5.850% 08-Mar-2033 3.95% 4,000 Canada 2.750% 01-Dec-2064 2.89% 2,000 Canada 3.500% 01-Dec-2045 2.65% 0 Alberta Province 3.050% 01-Dec-2048 2.58% Government of Ontario 4.700% 02-Jun-2037 2.11% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Government of Quebec 3.500% 01-Dec-2048 1.95% (%) Fund - - - - 16.36 -5.09 17.47 4.16 2.69 6.94 Benchmark 2.66 5.49 12.52 18.13 5.21 -6.16 17.48 3.80 2.47 7.03

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The Fund strives to outperform the FTSE TMX Long Term Bond Index  AAA and AA A and BBB

below BBB

 Fund (0)  Benchmark (0) Based on 3 year standard deviation How the fund is invested Objective The investment objective of the Fund is to provide investors with interest income by investing in high interest cash accounts. Composition Managed by Manulife Financial Cash & Equivalents 100.00% Fund managers Manulife Financial Inception date September 2007 Total assets $111.4 million

Top holdings (As at December 31, 2017) CAD Cash 100.00%

Manulife Daily High Interest Fund - ($11,804) FTSE TMX 91 Day Treasury Bill Index - ($11,055)

10,000

8,000

6,000

4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund 3.36 1.33 1.19 1.67 1.75 1.77 1.78 1.42 1.25 1.22 Benchmark 3.33 0.62 0.54 1.00 1.01 1.01 0.91 0.63 0.51 0.55

Investment objective The Fund is expected to outperform the FTSE TMX 91 Day Treasury Bills.

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Fixed Income Code 4162 / IFTLS Volatility meter Low High Manulife MFS Long Term Fixed Income

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MFS Long Term Fixed Income Fund

Objective The Fund is managed to provide a moderate real rate of return, through income and Composition capital gains, by investing in a diversified portfolio of primarily Canadian dollar debt and from time- Canadian Fixed Income 95.83% to-time U.S. debt. The Fund will only invest in investment grade debt. Returns in excess of income United States Fixed Income 2.57% will be gained through active duration, yield curve and sector management. Cash & Equivalents 1.35% Foreign Fixed Income 0.25% Managed by MFS Investment Management Canada Ltd. Fund managers Paul Marcogliese, Peter Kotsopoulos Inception date January 1998 Manulife inception date December 2004 Total assets $838.5 million Underlying fund operating expense (2016) Bond type Duration 15.05 0.0093% Provincial/Municipal Bonds 52.77% Corporate Notes/Bonds 27.41% Govt. Agency Notes/Bonds 19.82%

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Canada 2.750% 01-Dec-2048 7.60% Canada 5.000% 01-Jun-2037 4.65% Government of Ontario 3.450% 02-Jun-2045 4.36% 10,000 Government of Quebec 3.500% 01-Dec-2045 4.03% Government of Ontario 4.700% 02-Jun-2037 3.55% 5,000 Government of Ontario 5.600% 02-Jun-2035 2.94% Government of Ontario 3.500% 02-Jun-2043 2.64% 0 Canada 3.500% 01-Dec-2045 2.35% British Columbia 5.700% 18-Jun-2029 2.24% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Alberta Province 2.900% 20-Sep-2029 1.99% (%) Fund 2.44 7.59 12.82 16.45 6.31 -5.65 17.71 3.18 3.71 7.23 Benchmark 2.66 5.49 12.52 18.13 5.21 -6.16 17.48 3.80 2.47 7.03

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The Fund strives to outperform the FTSE TMX Long Term Bond Index over moving four-year periods.  AAA and AA A and BBB

below BBB

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Canadian Bond (MAM)

Objective The Manulife Canadian Bond Fund is managed to maximize stable, long-term growth Composition through a combination of income and capital appreciation. This fund invests primarily in securities Canadian Fixed Income 91.30% guaranteed by the Government of Canada, its provinces or municipalities, corporations and United States Fixed Income 5.02% chartered banks. Foreign Fixed Income 1.88% Cash & Equivalents 1.80% Managed by Manulife Financial Fund managers Hosen Marjaee, Terry Carr Inception date January 1999 Manulife inception date August 1998 Total assets $1,383.7 million Underlying fund operating expense (2016) Bond type Duration 8.16 In IMF Corporate Notes/Bonds 51.78% Provincial/Municipal Bonds 34.99% Govt. Agency Notes/Bonds 12.23% ABS 0.24% Fixed Income Other 0.11% Other 0.65% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management fees Less than 1 Year 2.21% have been deducted. 1 to 3 Years 11.95% 3 to 5 Years 15.71% 5 to 10 Years 40.09% 10 to 20 Years 7.60% 20 to 30 Years 15.02% Manulife Canadian Bond Fund (MAM) - ($16,303) Greater than 30 Years 6.78% FTSE TMX Universe Bond Index CAD - ($15,778) Other 0.64% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Government of Ontario 3.500% 02-Jun-2024 5.04% Can House No1 2.350% 15-Jun-2027 3.56% 10,000 Government of Ontario 2.600% 02-Jun-2025 2.89% Canada 3.500% 01-Dec-2045 2.31% Canada 2.750% 01-Dec-2048 1.95% 5,000 Toronto-Dominion Bank 1.693% 02-Apr-2020 1.74% Government of Quebec 3.750% 01-Sep-2024 1.72% 0 Government of Ontario 3.450% 02-Jun-2045 1.64% Government of Quebec 3.500% 01-Dec-2022 1.57% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Government of Ontario 2.850% 02-Jun-2023 1.43% (%) Fund 5.10 8.51 7.30 8.46 5.29 -0.87 8.73 3.10 2.05 2.88 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund is expected to outperform the FTSE TMX Universe Bond Total Return  AAA and AA Idx. A and BBB

below BBB

 Fund (7)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Aberdeen Emerging Markets Debt Fund

Objective The Aberdeen Emerging Markets Debt Fund seeks long-term total return. The Fund is Composition managed to outperform the benchmark net of fees over a full market cycle (three to five years). Foreign Fixed Income 93.07% Cash & Equivalents 6.11% Managed by Aberdeen Asset Management Inc. United States Fixed Income 0.82% Fund managers Aberdeen Asset Management Inc. Inception date March 2013 Manulife inception date June 2014 Total assets $226.3 million Underlying fund operating expense (2016) Duration 6.34 0.00% Bond type Govt. Agency Notes/Bonds 75.70% Corporate Notes/Bonds 19.51% Provincial/Municipal Bonds 0.45% Other 4.34%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 1.26% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 4.87% Manulife Fund’s inception date. 3 to 5 Years 17.84% 5 to 10 Years 46.54% 10 to 20 Years 9.21% Manulife Aberdeen Emerging Markets Debt Fund - ($13,161) 20 to 30 Years 13.93% JPM EMBI Global Diversified Hedge CAD - ($12,752) Greater than 30 Years 1.49% Aberdeen Emerging Markets Debt Fund Other 4.86% 12,000 Top holdings within the underlying fund (As at December 31, 2017) 10,000 Argentina 7.500% 22-Apr-2026 3.64% Ecuador 8.750% 02-Jun-2023 2.78% 8,000

Serbia 7.250% 28-Sep-2021 2.47% 6,000 Costa Rica 4.375% 30-Apr-2025 2.35% Brazil 10.000% 01-Jan-2023 2.25% 4,000 Russian Fedrtn 5.250% 23-Jun-2047 2.21% 2,000 Dominican Rep 7.450% 30-Apr-2044 1.78% 0 Indonesia 5.875% 15-Jan-2024 1.56% Turkey 5.750% 22-Mar-2024 1.52% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Ecuador 9.650% 13-Dec-2026 1.48% (%) Fund ------7.87 -0.88 12.03 12.52 Benchmark ------1.33 9.66 9.78

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 1.56 12.52 12.26 7.70 - - Benchmark 1.05 9.78 9.70 6.84 - - Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund is expected to outperform the JPM EMBI Global Diversified Hedge. AAA and AA

A and BBB  below BBB

 Fund (5)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity Canadian Asset Alloc.-O

Objective The fund aims to achieve total investment returns by investing in Canadian equity Composition securities, fixed income securities and money market instruments. The fund’s neutral asset allocation Canadian Equity 51.65% is 65% equities, 30% fixed income securities and 5% money market instruments. Canadian Fixed Income 22.37% Cash & Equivalents 8.76% Managed by FIAM LLC United States Equity 6.62% Fund managers Brian Miron, Catriona Martin, Darren Lekkerkerker, David D. Wolf, Don Newman, Foreign Equity 5.81% United States Fixed Income 4.45% Geoff Stein, Hugo Lavallée, Joe Overdevest Foreign Fixed Income 0.35% Inception date January 2001 Manulife inception date February 1999 Total assets $5,117.9 million Geographic split Canada 75.66% United States 10.69% China 1.07% Bermuda 0.65% Netherlands 0.64% Korea 0.48% India 0.45% Overall past performance Other 10.36% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) Royal Bank of Canada 4.23% Toronto-Dominion Bank 4.06% Suncor Energy Inc 3.59% Manulife Canadian Asset Allocation Fund (Fidelity) - ($18,081) Blend: Fidelity Canadian AA - ($15,831) Canadian Natural Resources Ltd 2.29% TransCanada Corp 2.05% iShares TIPS Bond ETF 2.01% 15,000 Brookfield Asset Management Inc 1.95% Constellation Software Inc 1.94% 10,000 Metro Inc 1.94% Loblaw Companies Ltd 1.87% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -17.53 27.58 12.28 -3.20 4.98 12.58 12.30 1.49 9.47 7.22 Multi-manager Benchmark -20.68 24.03 13.60 -2.81 5.92 8.01 9.60 -4.36 13.92 6.68 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.86 7.22 8.33 6.00 8.53 6.10 Small Benchmark 3.51 6.68 10.23 5.14 6.59 4.70

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Money Market Code 3851 / MONE Volatility meter Low High Manulife Money Market Fund (Manulife Asset  Fund (0)  Benchmark (0) Management) Based on 3 year standard deviation How the fund is invested Objective The objective of the Fund is to provide capital preservation and liquidity, while generating income consistent with short-term money market rates, by investing primarily in cash and cash equivalent securities. Composition Managed by Manulife Asset Management Limited Cash & Equivalents 100.00% Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team Inception date April 1995 Total assets $332.3 million

Top holdings (As at December 31, 2017) CAD Cash 100.00%

Manulife Money Market Fund (Manulife Asset Management) - ($11,401) FTSE TMX 91 Day Treasury Bill Index - ($11,055)

10,000

8,000

6,000

4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund 3.71 1.14 0.73 1.22 1.19 1.23 1.24 0.93 0.88 0.96 Benchmark 3.33 0.62 0.54 1.00 1.01 1.01 0.91 0.63 0.51 0.55

Investment objective The Fund is expected to outperform the FTSE TMX 91 Day Treasury Bills.

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Fixed Income Code 4322 / BRLTB Volatility meter Low High Manulife BlackRock Long Bond Index Fund

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock Long Bond Index Fund

Objective To track the returns of a customized index based on the FTSE TMX Canada Long Term Composition Bond Index excluding all bonds rated BBB or lower. Canadian Fixed Income 99.16% Cash & Equivalents 0.64% Managed by BlackRock Asset Management Canada Limited United States Fixed Income 0.19% Fund managers Aubrey Basdeo Other 0.01% Inception date March 2007 Manulife inception date December 2009 Total assets $574.0 million Underlying fund operating expense (2016) Duration 15.14 0.00651% Bond type Provincial/Municipal Bonds 50.49% Corporate Notes/Bonds 26.09% Govt. Agency Notes/Bonds 22.73% Convertible Bond 0.05% Other 0.64%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management 10 to 20 Years 34.63% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 20 to 30 Years 49.33% Manulife Fund’s inception date. Greater than 30 Years 15.39% Other 0.65% Manulife BlackRock Long Bond Index Fund - ($18,558) FTSE TMX Long Term Overall Bond Index - ($19,006) BlackRock Canada Long Bond Index Class D

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Canada 4.000% 01-Jun-2041 3.50% Canada 3.500% 01-Dec-2045 3.16% Canada 5.000% 01-Jun-2037 3.12% 10,000 Canada 5.750% 01-Jun-2033 2.92% Canada 2.750% 01-Dec-2048 2.87% 5,000 Government of Ontario 2.900% 02-Dec-2046 2.76% Government of Ontario 3.450% 02-Jun-2045 2.64% 0 Government of Ontario 2.800% 02-Jun-2048 2.44% Canada 5.750% 01-Jun-2029 2.31% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Government of Quebec 5.000% 01-Dec-2041 2.16% (%) Fund 3.33 4.30 12.29 18.24 4.78 -6.72 16.78 3.69 2.40 7.01 Benchmark 2.66 5.49 12.52 18.13 5.21 -6.16 17.48 3.80 2.47 7.03

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The Fund is expected to track the return and risk profile of the FTSE TMX Long Term Bond Index. AAA and AA The benchmark performance provided reflects the following changes: FTSE TMX Canada Long Term  Bond Index until 06/30/08; A custom benchmark calculated using the FTSE TMX Canada Long Term A and BBB Bond Index and excluding all bonds rated BBB or lower until 11/30/13; FTSE TMX Canada Long Term below BBB Bond Index thereafter.

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Beutel Goodman Income Fund Series I

Objective The Beutel Goodman Fixed Income Fund is managed to earn a high rate of income Composition return by investing primarily in fixed income securities, such as bonds issued from Canadian Canadian Fixed Income 89.88% government and corporations, while preserving invested capital. Cash & Equivalents 7.23% Other 2.89% Managed by Beutel, Goodman & Company Ltd. Fund managers Beutel, Goodman & Company Ltd Inception date April 2005 Manulife inception date May 2005 Total assets $795.7 million Underlying fund operating expense (2016) Duration 7.95 0.0441% Bond type Corporate Notes/Bonds 49.55% Provincial/Municipal Bonds 31.73% Govt. Agency Notes/Bonds 14.33% Fixed Income Other 3.82% Other 0.57%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management fees Less than 1 Year 6.86% have been deducted. 1 to 3 Years 17.27% 3 to 5 Years 20.72% 5 to 10 Years 24.85% 10 to 20 Years 8.42% 20 to 30 Years 13.49% Manulife Beutel Goodman Fixed Income Fund - ($15,577) Greater than 30 Years 7.83% FTSE TMX Universe Bond Index CAD - ($15,778) Other 0.56% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Government of Ontario 4.650% 02-Jun-2041 5.84% Canada 1.000% 01-Jun-2027 4.33% 10,000 Canada 2.750% 01-Dec-2048 3.91% Government of Quebec 5.000% 01-Dec-2041 3.05% 5,000 Government of Quebec 4.500% 01-Dec-2020 2.65% Government of Ontario 4.700% 02-Jun-2037 2.11% Bank of Montreal 1.610% 28-Oct-2021 2.02% 0 Bank of Montreal 2.100% 06-Oct-2020 1.88% Canada 1.000% 01-Sep-2022 1.83% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD CPPIB Capital 1.100% 10-Jun-2019 1.81% (%) Fund 7.76 8.70 6.82 7.97 3.02 -1.44 6.18 1.92 2.18 2.70 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 2.11 2.70 2.44 2.26 2.28 4.53 Benchmark 2.02 2.52 2.09 2.56 3.01 4.66 Primary investment process Quantitative Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform the FTSE TMX Universe Bond Index.  AAA and AA A and BBB

below BBB

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Guardian Canadian Bond Series I

Objective The Guardian Bond Fund is managed to provide a high level of current interest income Composition while at the same time preserving capital and seeking opportunities for capital appreciation, Canadian Fixed Income 94.96% through investment in bonds, debentures, notes or other evidence of indebtedness. Cash & Equivalents 4.53% United States Fixed Income 0.41% Managed by Guardian Capital LP Other 0.10% Fund managers Guardian Capital LP Inception date March 2011 Manulife inception date June 1999 Total assets $164.3 million Underlying fund operating expense (2016) Duration 7.41 0.05% Bond type Corporate Notes/Bonds 45.36% Provincial/Municipal Bonds 31.75% Govt. Agency Notes/Bonds 22.66% Fixed Income Other 0.10% Other 0.13%

15,000 Top holdings within the underlying fund (As at December 31, 2017) Government of Ontario 5.850% 08-Mar-2033 9.91% Government of Ontario 2.600% 02-Jun-2025 5.70% 10,000 Canada 4.000% 01-Jun-2041 5.08% Guardian Canadian Short Term Investment Series I 5.07% Canada 2.250% 01-Jun-2025 4.98% 5,000 Saskatchewan 5.800% 05-Sep-2033 4.17% Canada 5.750% 01-Jun-2033 3.89% 0 Can House No1 3.150% 15-Sep-2023 3.62% Can House No1 1.900% 15-Sep-2026 2.71% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Bank of Montreal 3.400% 23-Apr-2021 2.35% (%) Fund 5.93 7.42 6.74 9.44 4.10 -1.40 8.30 3.75 1.39 2.55 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 1.71 2.55 1.97 2.56 2.87 4.77 Benchmark 2.02 2.52 2.09 2.56 3.01 4.66 Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform the FTSE TMX Universe Bond Index.  AAA and AA A and BBB

below BBB

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Templeton Global Bond Fund

Objective The Templeton Global Bond Fund aims to achieve high current income with capital Composition appreciation by investing primarily in fixed income securities and preferred shares issued around the Foreign Fixed Income 79.42% world. Cash & Equivalents 20.46% United States Fixed Income 0.12% Managed by Franklin Advisers Inc Fund managers Michael Hasenstab, Sonal Desai Inception date June 2001 Manulife inception date September 2012 Total assets $438.9 million Duration 3.87 Bond type Govt. Agency Notes/Bonds 93.38% Corporate Notes/Bonds 3.40% Fixed Income Other 0.24% Other 2.98%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 17.20% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 12.58% Manulife Fund’s inception date. 3 to 5 Years 23.78% 5 to 10 Years 31.87% 10 to 20 Years 10.79% Manulife Global Bond Fund (Templeton) - ($20,586) 20 to 30 Years 0.80% Cust Benchm JP Morgan Global Government Bond Index - ($15,320) Other 2.98% Templeton Global Bond Fund - Series O

20,000 Top holdings within the underlying fund (As at December 31, 2017) Indonesia 8.375% 15-Mar-2024 5.04% 15,000 South Korea 1.375% 10-Sep-2021 4.89%

India 9.150% 14-Nov-2024 3.77% 10,000 Colombia 7.750% 18-Sep-2030 3.67% Argentina 15.500% 17-Oct-2026 3.53% 5,000 Mexico 4.750% 14-Jun-2018 3.33% Brazil 10.000% 01-Jan-2021 3.22% 0 South Korea 4.250% 10-Jun-2021 3.09% Brazil 10.000% 01-Jan-2023 2.73% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Brazil 0.000% 01-Jul-2020 2.70% (%) Fund 26.57 6.22 10.51 2.80 10.03 4.80 5.35 8.44 0.00 2.32 Benchmark -16.61 16.65 10.33 0.18 7.61 12.49 10.96 6.49 -0.19 -0.19

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The Fund seeks to provide higher returns with lower volatility relative to the JP Morgan Global  AAA and AA Government Bond Index (CDN$) over a market cycle, usually a period of three to five years. A and BBB

below BBB

 Fund (4)  Benchmark (9) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MAM Strategic Income Pooled Fund

Objective The Fund seeks to deliver a strong, consistent total investment return over a full market Composition cycle by investing primarily in government and corporate debt securities from developed and United States Fixed Income 52.99% emerging markets. Foreign Fixed Income 23.89% Cash & Equivalents 8.54% Managed by Manulife Asset Management Limited Canadian Fixed Income 5.29% Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team United States Equity 3.36% Other 5.93% Inception date February 2011 Manulife inception date August 2013 Total assets $2,309.5 million Underlying fund operating expense (2016) Duration 5.08 0.02% Bond type Corporate Notes/Bonds 43.30% Govt. Agency Notes/Bonds 24.37% Fixed Income Other 8.77% ABS 8.12% Convertible Bond 1.83% Provincial/Municipal Bonds 1.55% MBS 1.39% Other 10.67% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 3.54% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 12.91% Manulife Fund’s inception date. 3 to 5 Years 16.43% 5 to 10 Years 38.81% 10 to 20 Years 7.09% Manulife Asset Management Strategic Fixed Income Fund - ($16,267) 20 to 30 Years 6.01% Bloomberg Barclays Multiverse TR CAD - ($14,556) Greater than 30 Years 1.83% MAM Strategic Income Pooled Fund Other 13.38% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Singapore 2.500% 01-Jun-2019 1.12% New Zealand 5.000% 15-Mar-2019 1.05% 10,000 Singapore 3.250% 01-Sep-2020 1.04% Canada 1.250% 01-Nov-2019 0.90% New Zealand 6.000% 15-May-2021 0.89% 5,000 Mexico 10.000% 05-Dec-2024 0.60% Mexico City Air 5.500% 31-Jul-2047 0.59% 0 Norway 4.500% 22-May-2019 0.57% New Zealand 5.500% 15-Apr-2023 0.54% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD New Zealand 3.000% 15-Apr-2020 0.50% (%) Fund - - - - 16.35 -2.81 9.83 7.67 5.33 4.66 Benchmark 29.79 -8.25 0.32 8.16 2.52 4.37 9.54 15.98 -0.71 0.62

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund is expected to outperform the Barclays Capital Multiverse Index (C$) AAA and AA  A and BBB below BBB

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> JF Bond Fund

Objective The Jarislowsky Fraser Bond Fund seeks high current income combined with capital Composition appreciation. Benchmark for the Fund is the FTSE TMX Canada Universe Bond Index. Fixed income 99.50% Cash & equivalents 0.50% Managed by Jarislowsky Fraser Limited Fund managers Jarislowsky Fraser Limited Inception date April 1997 Manulife inception date November 1998 Total assets $373.2 million Duration 7.25 Bond type Corporate Bonds 54.50% Federal Bonds 27.50% Provincial Bonds 18.00%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) Canada Housing Trust 1.20 06/15/2020 5.10% Canada Housing Trust 2.35 06/15/2027 3.90% Province Of Ontario 2.40 06/02/2026 3.70% Manulife Jarislowsky Fraser Bond Fund - ($16,429) FTSE TMX Universe Bond Index CAD - ($15,778) Government Of Canada 2.75 12/01/2048 3.50%

Government Of Canada 1.50 06/01/2026 3.20% 15,000 Royal Bank Of Canada 2.03 03/15/2021 2.70% Canadian Imperial Bank of Commerce 2.30 2.50% 07/11/2022 10,000 Canada Housing Trust 1.15 12/15/2021 2.20% Province Of Ontario 2.85 06/02/2023 2.20% The Toronto-Dominion Bank 1.91 07/18/2023 2.20% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund 3.83 9.13 6.98 8.62 6.20 0.06 8.21 3.10 2.88 2.32 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 1.92 2.32 2.59 2.76 3.28 5.09 Benchmark 2.02 2.52 2.09 2.56 3.01 4.66 Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform the FTSE TMX Universe Bond Index.  AAA and AA A and BBB

below BBB

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Fixed Income Code 4681 / FIMLB Volatility meter Low High Manulife Fixed Income Fund (MFS)

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MFS Fixed Income Fund

Objective The Fund is managed to provide a moderate real rate of return, through income and Composition capital gains, by investing in a diversified portfolio of primarily Canadian dollar debt and from time- Canadian Fixed Income 87.50% to-time U.S. debt. The Fund will only invest in investment grade debt. Returns in excess of income United States Fixed Income 9.01% will be gained through active duration, yield curve and sector management. Foreign Fixed Income 2.66% Cash & Equivalents 0.32% Managed by MFS Investment Management Canada Ltd. Other 0.51% Fund managers Paul Marcogliese, Peter Kotsopoulos Inception date December 1980 Manulife inception date January 1999 Total assets $1,839.1 million Bond type Duration 7.74 Corporate Notes/Bonds 43.76% Provincial/Municipal Bonds 33.95% Govt. Agency Notes/Bonds 21.48% Fixed Income Other 0.52% ABS 0.29%

15,000 Top holdings within the underlying fund (As at December 31, 2017) Can House No1 2.350% 15-Sep-2023 6.59% Canada 0.500% 01-Mar-2022 5.06% 10,000 Canada 0.750% 01-Sep-2020 3.79% Canada 1.500% 01-Jun-2026 3.00% Government of Ontario 4.700% 02-Jun-2037 2.89% 5,000 Alberta Province 2.350% 01-Jun-2025 2.68% Canada 2.750% 01-Dec-2048 2.50% 0 Government of Quebec 4.500% 01-Dec-2019 2.44% Government of Ontario 3.150% 02-Jun-2022 2.29% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD New Brunswick 3.650% 03-Jun-2024 2.09% (%) Fund 6.99 6.08 6.91 8.89 4.45 -0.73 9.41 3.02 2.54 2.72 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The Fund strives to outperform the FTSE TMX Universe Bond Index over a moving four-year period.  AAA and AA A and BBB

below BBB

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7231 / BAHRF Volatility meter Low High Manulife CI Harbour Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CI Harbour Fund - I

Objective The CI Harbour Fund is managed to obtain maximum long-term capital growth. Composition The Fund invests primarily in equity and equity-related securities of high-quality, large and mid- Canadian Equity 50.46% capitalization Canadian companies that the portfolio advisor believes have good potential for future United States Equity 26.40% growth. Cash & Equivalents 16.72% Foreign Equity 6.42% Managed by CI Investments Inc Fund managers Aleksy Wojcik, Stephen Jenkins Inception date June 1997 Manulife inception date August 2010 Total assets $1,493.4 million Underlying fund operating expense (2016) Equity Industry In IMF Financials 28.36% Energy 13.01% Materials 9.93% Information Technology 8.88% Industrials 5.89% Health Care 5.09% Utilities 3.73% Other 25.11% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 66.59% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United States 26.50% Manulife Fund’s inception date. United Kingdom 2.09% Japan 1.68% Switzerland 1.58% Manulife CI Harbour Fund - ($15,671) Germany 1.07% S&P/TSX Composite TR - ($15,752) Other 0.49% CI Harbour Fund Series I 15,000 Top holdings within the underlying fund (As at December 31, 2017) Royal Bank of Canada 5.73% 10,000 Toronto-Dominion Bank 5.30% Bank of Nova Scotia 4.16% Brookfield Asset Management Inc 3.67% 5,000 DowDuPont Inc 2.83% Pfizer Inc 2.60% Northland Power Inc 2.54% 0 Vermilion Energy Inc 2.50% Gilead Sciences Inc 2.50% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Oracle Corp 2.43% (%) Fund -22.73 29.90 12.17 -5.78 10.87 14.94 8.05 -2.93 2.47 8.36 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P/TSX Total Return Index. Medium

Small

All cap

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CC&L Equity Income & Growth Fund - I

Objective Maximize long-term total return while protecting the capital value of the Fund from Composition major market fluctuations through prudent selection of investments. The CC&L team seeks to create Canadian Equity 88.88% a superior alternative to traditional dividend strategies by investing in securities that generate an Cash & Equivalents 2.10% attractive and sustainable yield, and by diversifying across dividend-paying Canadian Equities, REITs Other 9.02% & Real Estate equities. Managed by Connor, Clark & Lunn Investment Management Ltd Fund managers Gary Baker, John Novak, Mark Bridges, Samba Chunduri, Steve Vertes Inception date December 2012 Manulife inception date March 2014 Equity Industry Total assets $245.2 million Underlying fund operating expense (2016) Financials 37.82% 0.0299% Energy 19.01% Industrials 11.59% Consumer Staples 6.22% Telecommunication Services 5.09% Real Estate 2.38% Materials 2.09% Other 15.80% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 93.66% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Bermuda 6.34% Manulife Fund’s inception date.

Manulife CC&L Equity Income & Growth Fund - ($18,170) S&P/TSX Composite Cap TR - ($15,423) CC&L Equity Income and Growth Fund Series I

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Toronto-Dominion Bank 9.63% Royal Bank of Canada 8.80% 10,000 Bank of Nova Scotia 6.60% Brookfield Infrastructure Partners LP 4.87% Manulife Financial Corp 4.31% 5,000 Canadian National Railway Co 4.08% Cott Corp 3.29% 0 TransCanada Corp 3.16% Rogers Communications Inc 3.04% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Snc-Lavalin Group Inc 3.02% (%) Fund - - - - - 20.82 14.52 -1.24 20.81 7.52 Benchmark -33.00 35.06 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large The performance objective of the Equity Income & Growth portfolio is to generate a portfolio yield Medium in excess of that of the S&P/TSX Composite Index.

Small

All cap

 Fund (4)  Benchmark (4) Based on 3 year standard deviation How the fund is invested Objective To provide long term returns consisting of interest income and capital growth by investing primarily in Canadian dollar denominated fixed income securities. Composition Managed by Manulife Asset Management Limited Canadian Fixed Income 93.70% Fund managers Hosen Marjaee, Terry Carr United States Fixed Income 4.52% Inception date April 1995 Cash & Equivalents 1.77% Other 0.01% Total assets $793.5 million Duration 7.81

Bond type Corporate Notes/Bonds 53.94% Provincial/Municipal Bonds 33.41% Govt. Agency Notes/Bonds 12.48% ABS 0.16% Other 0.01%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management fees Less than 1 Year 3.58% have been deducted. 1 to 3 Years 12.08% 3 to 5 Years 19.83% 5 to 10 Years 32.41% 10 to 20 Years 11.38% 20 to 30 Years 15.13% Manulife Asset Management Bond Fund - ($16,030) Greater than 30 Years 5.57% FTSE TMX Universe Bond Index CAD - ($15,778) Other 0.02% 15,000 Top holdings (As at December 31, 2017) Government of Ontario 3.500% 02-Jun-2024 5.95% Government of Ontario 2.600% 02-Jun-2025 2.60% 10,000 Government of Quebec 5.000% 01-Dec-2038 2.23% Can House No1 2.350% 15-Jun-2027 2.11% Government of Quebec 3.500% 01-Dec-2022 2.10% 5,000 PSP Capital 3.290% 04-Apr-2024 1.95% Finance Quebec 5.250% 01-Jun-2034 1.94% 0 Government of Ontario 2.900% 02-Dec-2046 1.94% Canada 2.750% 01-Dec-2048 1.78% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Can House No1 1.250% 15-Dec-2020 1.49% (%) Fund 4.73 8.45 7.25 8.89 4.33 -1.19 8.43 3.12 1.93 2.88 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform the FTSE TMX Universe Bond Index.  AAA and AA A and BBB

below BBB

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Fixed Income Code 4850 / CBOI Volatility meter Low High Manulife Canadian Bond Index Fund (MAM)

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MAM Canadian Bond Index Pooled Fund

Objective To provide returns which closely track the total return of the FTSE TMX Canada Universe Composition Bond Index by investing primarily in fixed income securities. Canadian Fixed Income 99.43% United States Fixed Income 0.32% Managed by Manulife Asset Management Limited Foreign Fixed Income 0.17% Fund managers Hosen Marjaee, Terry Carr Cash & Equivalents 0.09% Inception date April 1999 Manulife inception date September 1998 Total assets $1,124.3 million Duration 7.71 Bond type Corporate Notes/Bonds 38.92% Provincial/Municipal Bonds 33.52% Govt. Agency Notes/Bonds 26.82% ABS 0.62% Convertible Bond 0.03% Other 0.09% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management fees Less than 1 Year 0.09% have been deducted. 1 to 3 Years 22.66% 3 to 5 Years 20.58% 5 to 10 Years 22.93% 10 to 20 Years 11.67% 20 to 30 Years 16.17% Manulife Canadian Bond Index Fund (MAM) - ($15,729) Greater than 30 Years 5.63% FTSE TMX Universe Bond Index CAD - ($15,778) Other 0.27% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Canada 1.750% 01-Mar-2019 1.38% Canada 1.500% 01-Mar-2020 1.18% 10,000 Canada 4.000% 01-Jun-2041 1.17% Canada 5.000% 01-Jun-2037 1.09% 5,000 Canada 1.000% 01-Sep-2022 1.08% Canada 0.750% 01-Mar-2021 1.06% Canada 0.750% 01-Sep-2020 1.02% 0 Canada 3.500% 01-Dec-2045 1.00% Government of Ontario 2.900% 02-Dec-2046 0.95% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Can House No1 1.950% 15-Jun-2019 0.94% (%) Fund 6.42 5.37 6.68 9.63 3.59 -1.24 8.73 3.49 1.64 2.52 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund is expected to track the performance of the FTSE TMX Universe Bond  AAA and AA Total Return Idx. A and BBB

below BBB

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7146 / FQFFI Volatility meter Low High Manulife Fidelity Canadian Focused Equity Institutional  Fund (8)  Benchmark (7) Fund Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> FIAM Canadian Focused Equity Trust

Objective The portfolio’s investment objective is to seek long-term capital appreciation by investing Composition in a diversified portfolio of Canadian equities. Canadian Equity 99.42% Cash & Equivalents 0.58% Managed by FIAM LLC Fund managers Andrew Marchese, Joe Overdevest Inception date February 2011 Manulife inception date July 2013 Total assets $1,478.5 million Underlying fund operating expense (2016) 0.03424% Equity Industry Financials 36.78% Energy 13.05% Industrials 12.56% Consumer Discretionary 10.95% Materials 10.76% Information Technology 5.93% Telecommunication Services 5.04% Other 4.93% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 96.37% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Other 3.63% Manulife Fund’s inception date.

Manulife Fidelity Canadian Focused Equity Institutional Fund - ($18,577) S&P/TSX Composite Cap TR - ($14,658) FIAM Canadian Focused Equity Trust

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Royal Bank of Canada 9.25% Toronto-Dominion Bank 8.59% 10,000 Bank of Nova Scotia 5.88% Brookfield Asset Management Inc 5.06% Rogers Communications Inc 5.04% 5,000 Suncor Energy Inc 4.76% Canadian National Railway Co 4.68% 0 Manulife Financial Corp 3.78% Waste Connections Inc 3.76% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canadian Natural Resources Ltd 3.51% (%) Fund - - - - 9.78 28.87 12.26 2.17 15.61 9.00 Benchmark -33.00 35.06 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large The strategy aims to add 3.5% per annum over the S&P/TSX Capped Composite Index. Medium

Small

All cap

 Fund (2)  Benchmark (2) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> PH&N Short Term Bond & Mortgage Fund - O

Objective The PH&N Short Term Bond and Mortgage Fund seeks to provide stability of capital and Composition generate interest income by investing primarily in a well-diversified portfolio of short-term fixed Canadian Fixed Income 80.20% income securities issued by Canadian governments and corporations and United States Fixed Income 4.63% Cash & Equivalents 3.67% Managed by RBC Global Asset Management Inc. Foreign Fixed Income 0.05% Fund managers Kristian Sawkins Other 11.45% Inception date October 2002 Manulife inception date July 2013 Total assets $6,395.9 million Underlying fund operating expense (2016) Duration 2.92 0.05% Bond type Corporate Notes/Bonds 54.11% Govt. Agency Notes/Bonds 19.76% Fixed Income Other 13.44% Provincial/Municipal Bonds 9.68% ABS 1.60% Other 1.41% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 8.95% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 43.85% Manulife Fund’s inception date. 3 to 5 Years 35.66% 5 to 10 Years 10.11% 10 to 20 Years 0.01% Manulife PH&N Short Term Bond & Mortgage Fund - ($14,117) Other 1.42% Cust Benchm FTSE TMX Short Term Bond Total Return - ($13,646) Phillips, Hager & North Short Term Bond & Mortgage Fund - Series O 14,000

Top holdings within the underlying fund 12,000 (As at December 31, 2017) Government of Ontario 4.200% 02-Jun-2020 4.55% 10,000

Can House No1 2.400% 15-Dec-2022 3.94% 8,000 Canada 1.250% 01-Feb-2020 3.92% 6,000 Can House No1 1.250% 15-Dec-2020 3.60% Canada 1.750% 01-Mar-2023 3.29% 4,000 Canada 1.250% 01-Nov-2019 3.20% 2,000 Canada 1.000% 01-Sep-2022 3.09% 0 Can House No1 2.000% 15-Dec-2019 2.83% Alberta Province 1.250% 01-Jun-2020 2.58% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Can House No1 1.250% 15-Jun-2021 2.57% (%) Fund 5.58 8.05 4.00 4.18 2.69 2.09 3.61 2.78 1.76 0.55 Benchmark 8.55 4.54 3.56 4.65 2.01 1.74 3.06 2.61 1.01 0.08

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The fund seeks to outperform the FTSE TMX Short-Term Bond Index by 30-50 bps over a market  AAA and AA cycle before management fees. A and BBB

below BBB

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> PIMCO Canada Canadian CorePLUS Bond Trust

Objective The PIMCO Canadian Core Plus Bond Fund seeks investment performance which Composition exceeds that of its benchmark, consistent with prudent investment management. Canadian Fixed Income 66.65% United States Fixed Income 20.09% Managed by PIMCO Cash & Equivalents 8.04% Fund managers PIMCO Canada Corp. Foreign Fixed Income 5.22% Inception date December 2004 Manulife inception date June 2014 Total assets $2,255.2 million Underlying fund operating expense (2016) Duration 7.20 0.25% Bond type Corporate Notes/Bonds 37.42% Provincial/Municipal Bonds 35.81% MBS 14.93% Govt. Agency Notes/Bonds 7.94% ABS 1.99% Fixed Income Other 1.91% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 2.96% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 11.61% Manulife Fund’s inception date. 3 to 5 Years 18.51% 5 to 10 Years 31.02% 10 to 20 Years 6.15% Manulife PIMCO Canadian Core Plus Bond Fund - ($16,513) 20 to 30 Years 11.57% FTSE TMX Universe Bond Index CAD - ($15,778) Greater than 30 Years 2.02% PIMCO Canada Canadian CorePLUS Bond Trust Other 16.16%

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Federal National Mortgage Association TBA 8.04% Federal Home Loan Mortgage Corp TBA 5.99% 10,000 Government of Ontario 3.500% 02-Jun-2024 4.30% Government of Ontario 3.150% 02-Jun-2022 3.82% Can House No1 2.350% 15-Jun-2027 3.81% 5,000 Government of Ontario 3.450% 02-Jun-2045 2.74% Government of Ontario 4.200% 02-Jun-2020 2.07% 0 Government of Quebec 2.500% 01-Sep-2026 1.64% Government of Ontario 2.400% 02-Jun-2026 1.60% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Government of Ontario 2.600% 02-Jun-2025 1.51% (%) Fund 0.56 13.38 8.68 6.27 6.45 -0.52 8.22 4.45 2.27 2.43 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

below BBB

 Fund (4)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> AllianceBernstein Canada Core Plus Bond Fund

Objective The AllianceBernstein Canadian Core Plus Bond Fund is managed to achieve a total Composition return superior to the Index principally through investment in fixed-income securities of established Canadian Fixed Income 56.23% Canadian companies and governmental entities. Foreign Fixed Income 22.86% United States Fixed Income 16.19% Managed by AllianceBernstein Investment Management Cash & Equivalents 4.48% Fund managers Sanford C. Bernstein & Co. LLC Canadian Equity 0.24% Inception date November 2003 Manulife inception date June 2014 Total assets $1,612.0 million Underlying fund operating expense (2016) Duration 7.79 0.08% Bond type Corporate Notes/Bonds 34.79% Provincial/Municipal Bonds 33.13% Govt. Agency Notes/Bonds 23.22% ABS 4.19% Fixed Income Other 1.33% MBS 1.11% Other 2.23% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 0.90% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 5.79% Manulife Fund’s inception date. 3 to 5 Years 16.32% 5 to 10 Years 48.43% 10 to 20 Years 9.06% Manulife AllianceBernstein Canadian Core Plus Bond Fund - ($12,713) 20 to 30 Years 7.63% FTSE TMX Universe Bond Index CAD - ($15,778) Greater than 30 Years 7.12% AllianceBernstein Canada Core Plus Bond Fund Other 4.75% 15,000 Top holdings within the underlying fund (As at November 30, 2017) Government of Ontario 2.600% 02-Jun-2027 6.68% Government of Quebec 2.750% 01-Sep-2027 4.32% 10,000 Italy 1.350% 15-Apr-2022 3.53% Canada 2.750% 01-Dec-2048 3.51% 5,000 Government of Ontario 2.400% 02-Jun-2026 3.41% Government of Quebec 2.500% 01-Sep-2026 3.10% Government of Ontario 2.600% 02-Jun-2025 2.74% 0 Canada 0.500% 01-Feb-2019 2.28% Government of Quebec 3.500% 01-Dec-2048 2.21% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canada 4.000% 01-Dec-2031 1.88% (%) Fund -6.92 10.12 3.30 3.00 -1.00 -1.28 9.38 2.54 3.36 2.82 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 1.69 2.82 3.08 2.90 - - Benchmark 2.02 2.52 2.09 2.56 3.01 4.66 Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform the FTSE TMX Universe Bond Index. AAA and AA  A and BBB below BBB

How the underlying fund is invested UNDERLYING FUND -> MAM Canadian Large Cap Growth Pooled Fund

Objective The MMF Canadian Equity Fund seeks to provide long-term capital growth. The Fund Composition invests primarily in equity securities of large, established Canadian companies and Canadian Canadian Equity 97.63% securities that offer potential for capital growth. Canadian Fixed Income 1.56% Cash & Equivalents 0.04% Managed by Manulife Asset Management Limited Other 0.77% Fund managers Shauna Sexsmith Inception date August 2006 Manulife inception date July 1997 Total assets $68.8 million Underlying fund operating expense (2016) 0.07% Equity Industry Financials 33.24% Energy 20.83% Materials 11.09% Industrials 10.67% Consumer Discretionary 8.77% Information Technology 7.85% Consumer Staples 5.17% Other 2.38% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 100.00% have been deducted.

Manulife Asset Management Canadian Large Cap Growth Fund - ($14,659) S&P/TSX Composite TR - ($15,752) 15,000 Top holdings within the underlying fund (As at December 31, 2017) Toronto-Dominion Bank 7.48% 10,000 Royal Bank of Canada 7.04% Bank of Nova Scotia 6.19% Canadian Natural Resources Ltd 5.29% 5,000 Suncor Energy Inc 5.07% Canadian National Railway Co 4.76% Canadian Imperial Bank of Commerce 4.14% 0 Enbridge Inc 4.11% Brookfield Asset Management Inc 3.62% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canadian Pacific Railway Ltd 3.30% (%) Fund -38.29 34.02 14.49 -12.23 4.07 22.13 12.34 -1.06 15.25 8.35 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P/TSX Total Return Index. Medium

Small

All cap

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MAM Long Term Bond Pooled

Objective To provide an investment vehicle suitable for matching long-term liabilities by investing Composition primarily in Canadian dollar denominated investment-grade bonds. Canadian Fixed Income 95.75% United States Fixed Income 4.25% Managed by Manulife Asset Management Limited Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team Inception date - Manulife inception date December 2003 Total assets - Duration 14.85 Bond type Provincial/Municipal Bonds 54.25% Corporate Notes/Bonds 27.09% Govt. Agency Notes/Bonds 18.66%

Top holdings within the underlying fund (As at December 31, 2016) 15,000 Government of Ontario 4.650% 02-Jun-2041 7.77% Government of Quebec 5.000% 01-Dec-2041 7.29% Government of Ontario 3.450% 02-Jun-2045 6.10% 10,000 Canada 2.750% 01-Dec-2048 6.04% Canada 3.500% 01-Dec-2045 5.17% 5,000 British Columbia 4.300% 18-Jun-2042 4.45% Government of Ontario 5.850% 08-Mar-2033 3.58% 0 Finance Quebec 5.250% 01-Jun-2034 2.64% Inter Amr Dev Bk 4.400% 26-Jan-2026 2.51% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Manitoba, Province of 4.600% 05-Mar-2038 2.30% (%) Fund 2.23 7.83 12.87 16.62 5.68 -5.68 16.67 3.28 2.49 7.35 Benchmark 2.66 5.49 12.52 18.13 5.21 -6.16 17.48 3.80 2.47 7.03

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The Fund strives to outperform the FTSE TMX Long Term Bond Index. AAA and AA  A and BBB below BBB

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7131 / FFVEE Volatility meter Low High Manulife Canadian Large Cap Value Equity Fund (MAM)

 Fund (8)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Canadian Large Cap Value Equity Fund (MAM)

Objective The Manulife Canadian Large Cap Value Equity Fund (MAM) is managed to achieve Composition long-term capital growth. The Fund invests primarily in high-quality large cap Canadian Equities Canadian Equity 90.38% including income trusts and convertible instruments. Cash & Equivalents 7.95% United States Equity 1.50% Managed by Manulife Financial Canadian Fixed Income 0.16% Fund managers Alan Wicks, Conrad Dabiet, Jonathan Popper Other 0.01% Inception date January 1999 Manulife inception date June 1997 Total assets $916.8 million Underlying fund operating expense (2016) In IMF Equity Industry Financials 28.35% Energy 15.01% Industrials 13.52% Consumer Discretionary 9.86% Materials 8.80% Information Technology 5.39% Consumer Staples 5.21% Other 13.86% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 98.48% have been deducted. United States 1.52%

Manulife Canadian Large Cap Value Equity Fund (MAM) - ($16,765) S&P/TSX Composite TR - ($15,752)

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Power Corporation of Canada 3.23% Magna International Inc 3.02% 10,000 Royal Bank of Canada 3.01% Toronto-Dominion Bank 2.99% Canadian Imperial Bank of Commerce 2.91% 5,000 CI Financial Corp 2.81% Metro Inc 2.68% 0 Bank of Nova Scotia 2.66% Canadian National Railway Co 2.66% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Celestica Inc 2.50% (%) Fund -34.57 42.58 14.07 -13.05 15.19 20.59 10.36 -9.08 17.46 10.67 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective Large Over the long term, the Fund is expected to outperform the S&P/TSX Composite Total Return Index.  Medium

Small

All cap

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Canadian Equity (Pensions)

Objective Managed by team of Canada’s top money managers, the Fund provides investors with a Composition portfolio that is diversified by both the stocks it holds and its multiple managers’ investment styles. Canadian Equity 97.56% Cash & Equivalents 0.79% Managed by Manulife Asset Management Limited United States Equity 0.56% Fund managers Montrusco Bolton Inc. - Mgmt. Team, Team, Greystone Mgd. Invest. - Mgmt. Foreign Equity 0.30% Team, Connor, Clark & Lunn - Mgmt. Team and Mawer Investment - Mgmt. Team Other 0.79% Inception date January 1980 Manulife inception date June 1997 Total assets $240.4 million Underlying fund operating expense (2016) In IMF Equity Industry Financials 33.96% Energy 16.26% Industrials 12.17% Materials 10.90% Consumer Discretionary 5.93% Information Technology 5.73% Consumer Staples 4.23% Other 10.82% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 98.94% have been deducted. United States 0.57% Australia 0.30% Other 0.19% Manulife Canadian Equity Fund - ($15,178) S&P/TSX Composite TR - ($15,752) 15,000 Top holdings within the underlying fund (As at December 31, 2017) MLI Q Core Canadian Equity (CC&L) 50.57% 10,000 MLI Canadian Equity (Greystone) 32.21% MLI Canadian Equity (Mawer) 14.43% Montrusco Bolton Canadian Small Cap 2.76% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -34.49 31.36 16.93 -11.73 6.36 19.01 10.97 -5.31 17.06 9.76 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, this Fund strives to outperform the S&P TSX Total Return Index. Medium

Small

All cap

 Fund (10)  Benchmark (12) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Growth Opportunities Fund

Objective The MMF Growth Opportunities Fund seeks to provide long-term capital growth by Composition investing primarily in high quality securities and convertible instruments of small and mid-cap Canadian Equity 84.79% Canadian companies. United States Equity 2.59% Foreign Equity 2.05% Managed by Manulife Asset Management Limited Cash & Equivalents 1.54% Fund managers Luciano Orengo, Ted Whitehead Canadian Fixed Income 1.12% Other 7.91% Inception date November 1998 Manulife inception date July 1997 Total assets $474.0 million Underlying fund operating expense (2016) In IMF Equity Industry Energy 21.73% Materials 17.07% Industrials 14.27% Information Technology 9.19% Consumer Discretionary 6.08% Utilities 4.92% Real Estate 4.64% Other 22.10% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 94.45% have been deducted. United States 2.70% Taiwan 2.05% Other 0.80% Manulife MMF Growth Opportunities Fund - ($18,787) Custom BM BMO Nesbitt Burns Cdn Small Cap Index - ($15,230)

Top holdings within the underlying fund (As at November 30, 2017) 15,000 Richelieu Hardware Ltd 4.38% Parex Resources Inc 4.34% 10,000 Chemtrade Logistics Income Fund 3.88% Kirkland Lake Gold Ltd 3.80% Interfor Corp 3.27% 5,000 Algonquin Power & Utilities Corp 2.88% Descartes Systems Group Inc 2.79% 0 Linamar Corp 2.37% Intertape Polymer Group Inc 2.20% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Boyd Group Income Fund 2.17% (%) Fund -38.89 61.83 32.68 -13.44 0.88 29.13 8.11 1.43 10.52 4.77 Benchmark -46.61 75.10 38.53 -14.17 2.46 7.76 -0.09 -13.75 35.39 6.38

Value Core/Blend Growth Investment objective Large Over the long term, the Fund is expected to outperform the BMO Nesbitt Burns Canadian Small Cap Medium Index.

 Small

All cap

 Fund (8)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager Canadian Large Cap Core

Composition Objective The Fund invests in three to five equally weighted sub-funds with each sub-fund Canadian Equity 95.86% investing primarily in Canadian equity securities. The Fund’s primary objective is to provide investors Cash & Equivalents 1.55% access to best-in-class active Canadian equity managers while maintaining an overall core Canadian Other 2.59% equity exposure. Managed by Manulife Asset Management Limited Fund managers Beutel Goodman & Co. - Mgmt. Team, Fidelity Investment - Mgmt. Team, Franklin Templeton - Mgmt. Team Equity Industry Inception date July 2004 Manulife inception date July 2013 Financials 38.57% Total assets $320.7 million Underlying fund operating expense (2016) Energy 12.85% 0.03365% Industrials 11.73% Consumer Discretionary 9.48% Materials 7.16% Telecommunication Services 5.53% Consumer Staples 5.32% Other 9.36% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 96.42% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Other 3.58% Manulife Fund’s inception date.

Manulife Multi-Manager Canadian Large Cap Core Fund - ($21,986) S&P/TSX Composite TR - ($15,752) Multi-Manager Canadian Large Cap Core Fund

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Beutel Goodman Canadian Equity I 34.06% 15,000 Franklin Bissett Canadian Equity Fund Series O 33.44%

FIAM Canadian Focused Equity Trust 32.56% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -27.79 34.00 18.72 -5.32 13.50 26.24 11.95 -3.21 19.74 8.73 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, this Fund strives to outperform the S&P TSX Total Return Index. Medium

Small

All cap

 Fund (9)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager Canadian Large Cap Value

Composition Objective The Fund invests in three to five equally weighted sub-funds with each sub-fund Canadian Equity 93.45% maintaining a value approach to investing, primarily in Canadian equity securities. The Fund’s Cash & Equivalents 3.59% primary objective is to provide investors access to best-in-class active value Canadian equity United States Equity 0.46% Canadian Fixed Income 0.05% managers, producing an overall value Canadian equity exposure. Other 2.45% Managed by Manulife Asset Management Limited Fund managers Beutel Goodman & Co. - Mgmt. Team, Foyston, Gordon and Payne- Mgmt Team, Manulife Asset Management - Mgmt. Team Equity Industry Inception date June 2003 Manulife inception date July 2013 Financials 37.77% Total assets $7.3 million Underlying fund operating expense (2016) Energy 16.08% 0.02593% Consumer Discretionary 9.99% Industrials 8.63% Materials 7.56% Telecommunication Services 4.61% Information Technology 4.27% Other 11.09% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 97.08% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United States 0.47% Manulife Fund’s inception date. Other 2.45% Manulife Multi-Manager Canadian Large Cap Value Fund - ($18,760) S&P/TSX Composite TR - ($15,752) Multi-Manager Canadian Large Cap Value Fund

Top holdings within the underlying fund (As at December 31, 2017) 15,000 FGP Canadian Equity Fund 36.88% Beutel Goodman Canadian Equity I 32.21% 10,000 MLI Cdn Large Cap Value Eq (MAM) 30.74%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -28.82 33.79 16.59 -7.66 12.29 21.12 7.91 -7.10 21.12 10.81 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, this Fund strives to outperform the S&P TSX Total Return Index. Medium

Small

All cap

 Fund (11)  Benchmark (12) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager Canadian Small Cap Equity

Composition Objective The Fund invests in three to five equally weighted sub-funds with each sub-fund Canadian Equity 95.36% primarily investing in Canadian small-cap equity securities. The Fund’s primary objective is to provide United States Equity 0.56% investors access to best-in-class active Canadian small cap equity. Cash & Equivalents 0.47% Foreign Equity 0.27% Managed by Manulife Asset Management Limited Other 3.34% Fund managers Foyston, Gordon and Payne- Mgmt Team, Franklin Templeton - Mgmt. Team, BMO Asset Management - Mgmt Team Inception date June 2003 Manulife inception date July 2013 Equity Industry Total assets $9.8 million Underlying fund operating expense (2016) Energy 23.96% 0.1322% Consumer Discretionary 16.07% Industrials 15.23% Materials 14.95% Financials 11.79% Information Technology 5.35% Real Estate 3.29% Other 9.36% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 97.28% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Bermuda 0.99% Manulife Fund’s inception date. United States 0.56% United Kingdom 0.27% Other 0.90% Manulife Multi-Manager Canadian Small Cap Equity Fund - ($19,623) Custom BM BMO Nesbitt Burns Cdn Small Cap Index - ($15,230) Multi-Manager Canadian Small Cap Equity Fund

Top holdings within the underlying fund (As at December 31, 2017) 15,000 FGP Small Cap Canadian Equity Fund 40.23% Frk Bis Small Cap Fund-O 32.42% BMO Asset Management Small Cap 28.68% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -41.43 62.94 31.23 -9.82 14.73 28.91 1.55 -14.47 25.83 7.49 Benchmark -46.61 75.10 38.53 -14.17 2.46 7.76 -0.09 -13.75 35.39 6.38

Value Core/Blend Growth Investment objective Large Over the long term, the Fund is expected to outperform the BMO Nesbitt Burns Canadian Small Cap Medium Index.

 Small

All cap

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager Canadian Large Cap Growth

Composition Objective The Fund invests in three to five equally weighted sub-funds with each sub-fund Canadian Equity 99.02% maintaining a growth approach to investing, primarily in Canadian equity securities. The Fund’s Canadian Fixed Income 0.41% primary objective is to provide investors access to best-in-class active growth Canadian equity Cash & Equivalents 0.27% United States Equity 0.02% managers, producing an overall growth Canadian equity exposure. Other 0.28% Managed by Manulife Asset Management Limited Fund managers Connor, Clark & Lunn - Mgmt Team, Franklin Templeton - Mgmt. Team, Manulife Asset Management - Mgmt. Team Equity Industry Inception date May 2003 Manulife inception date July 2013 Financials 33.31% Total assets $6.2 million Underlying fund operating expense (2016) Energy 16.67% 0.02907% Industrials 12.57% Materials 10.87% Consumer Discretionary 9.02% Information Technology 6.10% Consumer Staples 5.51% Other 5.95% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 99.96% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United States 0.02% Manulife Fund’s inception date. Other 0.02% Manulife Multi-Manager Canadian Large Cap Growth Fund - ($20,006) S&P/TSX Composite TR - ($15,752) Multi-Manager Canadian Large Cap Growth Fund 20,000 Top holdings within the underlying fund (As at December 31, 2017) 15,000 CC&L Group Canadian Q Growth Fd 38.61% MAM Canadian Large Cap Growth Pooled 33.34% Frk Bis Canadian Equity Fund-F 27.91% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -32.05 38.52 21.58 -6.71 10.39 23.38 10.99 -4.38 18.80 9.15 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, this Fund strives to outperform the S&P TSX Total Return Index. Medium

Small

All cap

 Fund (1)  Benchmark (2) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> SLI Short-Term Bond Pooled

Objective The Manulife Asset Management Short Term Bond Fund is managed to provide interest Composition income with limited fluctuations in capital by investing primarily in Canadian dollar denominated Canadian Fixed Income 94.19% fixed-income securities of short duration. United States Fixed Income 3.16% Cash & Equivalents 2.66% Managed by Manulife Asset Management Limited Fund managers Standard Life Investments Inc. Inception date June 2012 Manulife inception date June 2012 Total assets $37.6 million Underlying fund operating expense (2016) Duration 2.86 In IMF Bond type Corporate Notes/Bonds 67.25% Provincial/Municipal Bonds 26.06% Govt. Agency Notes/Bonds 4.84% ABS 0.81% Fixed Income Other 0.27% Other 0.77% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management Less than 1 Year 3.79% fees have been deducted. The shaded returns represent the underlying fund returns prior to the 1 to 3 Years 46.78% Manulife Fund’s inception date. 3 to 5 Years 41.35% 5 to 10 Years 5.95% Greater than 30 Years 0.27% Manulife Asset Management Short Term Bond Fund - ($11,166) Other 1.86% Cust Benchm FTSE TMX Short Term Bond Total Return - ($11,008) SLI Short-Term Bond Pooled

Top holdings within the underlying fund 10,000 (As at December 31, 2017) Government of Ontario 4.000% 02-Jun-2021 5.21% 8,000 Can House No1 2.400% 15-Dec-2022 4.39% 6,000 Government of Ontario 4.200% 02-Jun-2020 4.37% Government of Quebec 4.500% 01-Dec-2020 4.19% 4,000 Can House No1 1.250% 15-Jun-2021 4.16% Can House No1 1.500% 15-Dec-2021 3.58% 2,000 Government of Ontario 3.150% 02-Jun-2022 3.39% 0 Brookfield fin 3.538% 30-Oct-2020 2.89% Government of Quebec 4.250% 01-Dec-2021 2.82% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Government of Quebec 4.500% 01-Dec-2019 2.67% (%) Fund - - - - - 1.82 3.42 2.79 1.48 0.49 Benchmark 8.55 4.54 3.56 4.65 2.01 1.74 3.06 2.61 1.01 0.08

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 0.40 0.49 0.98 1.58 1.99 - Benchmark 0.28 0.08 0.54 1.23 1.69 3.16 Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years The fund seeks to outperform the FTSE TMX Short-Term Bond Index. AAA and AA  A and BBB below BBB

 Fund (6)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Strategic Investment Grade Global Bond Fund

Objective The MMF Global Bond Fund is managed to provide superior income returns and Composition currency diversification. The Fund invests in foreign currency bonds and debentures of Canadian and United States Fixed Income 50.58% foreign issuers as well as international agencies such as the World Bank. Foreign Fixed Income 35.22% Canadian Fixed Income 5.74% Managed by Manulife Asset Management (US) LLC Cash & Equivalents 4.89% Fund managers Standard Life Mutual Funds Ltd. (SLMF) United States Equity 1.48% Other 2.09% Inception date March 2015 Manulife inception date December 2013 Total assets $504.0 million Underlying fund operating expense (2016) Duration 4.66 In IMF Bond type Corporate Notes/Bonds 39.74% Govt. Agency Notes/Bonds 35.27% ABS 10.47% MBS 3.69% Provincial/Municipal Bonds 2.49% Convertible Bond 1.84% Other 6.50% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Bond term based on gross returns. Gross rates of return are shown before investment management fees Less than 1 Year 6.86% have been deducted. 1 to 3 Years 19.91% 3 to 5 Years 18.12% 5 to 10 Years 30.63% 10 to 20 Years 7.69% Manulife MMF Global Bond Fund - ($12,914) 20 to 30 Years 6.79% Cust Benchm JP Morgan Global Government Bond Index - ($11,906) Greater than 30 Years 1.67% Manulife Strategic Investment Grade Global Bond Fund Other 8.33% 12,000 Top holdings within the underlying fund (As at December 31, 2017) 10,000 Singapore 2.500% 01-Jun-2019 1.69% New Zealand 5.000% 15-Mar-2019 1.69% 8,000 Singapore 3.250% 01-Sep-2020 1.27% 6,000 Norway 4.500% 22-May-2019 1.17% Denmark 1.750% 15-Nov-2025 1.12% 4,000 Philippines 3.500% 20-Mar-2021 1.10% 2,000 Norway 3.750% 25-May-2021 1.09% 0 Ireland 5.000% 18-Oct-2020 1.07% New Zealand 6.000% 15-May-2021 1.02% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Amazon.com Inc 2.800% 22-Aug-2024 1.00% (%) Fund ------11.41 8.98 3.27 3.00 Benchmark -16.61 16.65 10.33 0.18 7.61 12.49 10.96 6.49 -0.19 -0.19

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 0.53 3.00 3.13 5.04 - - Benchmark 1.17 -0.19 -0.19 1.99 5.77 4.35 Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund is expected to outperform the JPM Global Government Bond Index ($ AAA and AA Cdn).  A and BBB below BBB

How the underlying fund is invested UNDERLYING FUND -> Beutel Goodman Fundamental Canadian Equity Fund

Objective This Fund seeks long-term capital appreciation primarily through investments in common Composition shares and other equity securities of Canadian issuers with medium to large capitalization. Canadian Equity 99.01% Cash & Equivalents 0.99% Managed by Beutel, Goodman & Company Ltd. Fund managers Mark D. Thomson, Stephen J. Arpin, James W. Black, William Otton, Pat Palozzi Inception date June 2014 Manulife inception date May 2014 Total assets $628.6 million

Equity Industry Financials 43.85% Consumer Discretionary 12.12% Industrials 10.56% Telecommunication Services 9.14% Energy 8.85% Consumer Staples 6.63% Materials 6.00% Information Technology 2.85% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 100.00% have been deducted.

Manulife Fundamental Canadian Equity Fund (Beutel Goodman) - ($13,267) S&P/TSX Capped Composite TR - ($12,325) Beutel Goodman Fundamental Canadian Equity Series I

Top holdings within the underlying fund 12,000 (As at December 31, 2017) 10,000 Royal Bank of Canada 10.00% Toronto-Dominion Bank 9.65% 8,000

Bank of Nova Scotia 6.43% 6,000 Rogers Communications Inc 5.86% Magna International Inc 5.59% 4,000 Canadian Natural Resources Ltd 5.38% 2,000 Brookfield Asset Management Inc 4.98% 0 Canadian Tire Corporation Ltd 3.63% Canadian National Railway Co 3.61% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Agrium Inc 3.50% (%) Fund ------4.59 19.74 10.51 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Benchmark: S&P/ TSX Composite Index Medium Value Added Target: Benchmark Index + 2.0% over a full market or economic cycle

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Fixed Income Code 4442 / HBSLM Volatility meter Low High Manulife MMF Corporate Bond Fund

 Fund (3)  Benchmark (4) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Canadian Corporate Bond Fund

Objective The MMF Corporate Bond Fund is managed to provide a bond portfolio offering Composition superior income compared to traditional bond funds. The Fund invests primarily in Canadian Canadian Fixed Income 91.40% corporate bonds. The portfolio of the Fund has an average credit rating of at least BBB at all times. United States Fixed Income 7.33% The Fund may also invest in corporate bonds of foreign issuers. Cash & Equivalents 0.46% Other 0.81% Managed by Manulife Asset Management Limited Fund managers Standard Life Mutual Funds Ltd. (SLMF) Inception date January 2000 Manulife inception date April 2000 Total assets $355.0 million Underlying fund operating expense (2016) Bond type Duration 6.88 In IMF Corporate Notes/Bonds 97.15% Govt. Agency Notes/Bonds 1.43% ABS 0.47% Fixed Income Other 0.06% Other 0.89%

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Choice Propertie 3.600% 20-Sep-2022 1.53% Central 1 Credit Union 2.890% 25-Apr-2024 1.37% 10,000 Laurentian Bank of Canada 2.750% 22-Apr-2021 1.33% Enbridge Inc 3.190% 05-Dec-2022 1.18% Hsbc Bank Canada 2.908% 29-Sep-2021 1.14% 5,000 Goldman Sachs Group Inc 3.550% 12-Feb-2021 1.11% Royal Bank of Canada 2.333% 05-Dec-2023 1.10% 0 407 International Inc 3.600% 21-May-2047 1.06% Metro Inc 3.200% 01-Dec-2021 1.04% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canadian Imperial Bank of Commerce 1.900% 0.95% (%) 26-Apr-2021 Fund -3.92 18.20 8.91 8.16 6.98 1.09 7.88 2.43 3.78 3.56 Benchmark 6.41 5.41 6.74 9.67 3.60 -1.19 8.79 3.52 1.66 2.52

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 1.92 3.56 3.67 3.25 3.72 5.56 Benchmark 2.02 2.52 2.09 2.56 3.01 4.66 Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform the FTSE TMX Universe Bond Index. AAA and AA  A and BBB below BBB

 Fund (8)  Benchmark (8) Based on 3 year standard deviation How the fund is invested Objective The Manulife Asset Management Real Return Bond Fund is managed to provide returns which closely track the total return of the FTSE TMX Canada Real Return Bond Index by investing primarily in Canadian real return bonds. Composition Managed by Manulife Asset Management Limited Canadian Fixed Income 99.69% Cash & Equivalents 0.31% Fund managers Standard Life Investments Inc. Inception date December 2003 Total assets $72.8 million Underlying fund operating expense (2016) Duration 15.13 In IMF

Bond type Govt. Agency Notes/Bonds 87.79% Provincial/Municipal Bonds 11.89% Corporate Notes/Bonds 0.20% Other 0.12%

Top holdings 15,000 (As at December 31, 2017) Canada 4.000% 01-Dec-2031 14.27% Canada 1.500% 01-Dec-2044 12.71% 10,000 Canada 3.000% 01-Dec-2036 12.68% Canada 4.250% 01-Dec-2026 12.18% Canada 2.000% 01-Dec-2041 12.02% 5,000 Canada 1.250% 01-Dec-2047 11.51% Canada 4.250% 01-Dec-2021 10.35% 0 Government of Ontario 2.000% 01-Dec-2036 4.72% Government of Quebec 4.500% 01-Dec-2026 2.39% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Government of Quebec 4.250% 01-Dec-2031 2.08% (%) Fund 0.29 14.49 11.05 18.23 2.82 -13.14 13.16 2.75 2.83 0.69 Benchmark 0.42 14.50 11.09 18.35 2.85 -13.07 13.18 2.79 2.86 0.73

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 3.77 0.69 1.75 2.08 0.90 4.94 Benchmark 3.79 0.73 1.78 2.12 0.94 5.00 Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, the Fund is expected to outperform the FTSE TMX Canada Real Return Bond  AAA and AA Index. A and BBB

below BBB

 Fund (0)  Benchmark (0) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Cdn Money Market Fund (MAM)

Objective The Manulife Canadian Money Market Fund is managed to achieve a consistent level Composition of interest income while attempting to preserve capital and maintaining liquidity. This fund invests Cash & Equivalents 62.35% primarily in money market securities guaranteed by the Government of Canada, its provinces or Canadian Fixed Income 37.65% municipalities, corporations and chartered banks. Managed by Manulife Asset Management Limited Fund managers Faisal Rahman Inception date January 1999 Manulife inception date June 2002 Total assets $788.5 million Underlying fund operating expense (2016) Bond type In IMF Corporate Notes/Bonds 78.42% Govt. Agency Notes/Bonds 19.28% Fixed Income Other 0.63% Other 1.67%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) Canada 0.000% 08-Mar-2018 5.95% Canada 0.000% 08-Feb-2018 5.75% Toronto-Dominion Bank 0.000% 01-Feb-2018 4.53% Manulife Canadian Money Market Fund (MAM) - ($11,541) FTSE TMX 91 Day Treasury Bill Index - ($11,055) National Bank of Canada 1.942% 14-Jun-2018 3.78% Merit Trus 0.000% 23-Feb-2018 3.35% Plaza Trust 0.000% 12-Feb-2018 3.29% 10,000

Canadian Imperial Bank of Commerce 1.703% 3.12% 8,000 08-May-2018 Toronto-Dominion Bank 2.124% 28-Mar-2018 3.11% 6,000 Bank of Nova Scotia 2.750% 13-Aug-2018 3.11% Canada 0.000% 04-Jan-2018 3.07% 4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund 3.88 1.31 0.94 1.45 1.28 1.32 1.29 1.00 0.92 1.09 Benchmark 3.33 0.62 0.54 1.00 1.01 1.01 0.91 0.63 0.51 0.55

Investment objective The Fund is expected to outperform the FTSE TMX 91 Day Treasury Bills.

 Fund (1)  Benchmark (2) Based on 3 year standard deviation How the fund is invested Objective The Canadian Mortgage Fund is managed to provide long-term returns based on income by investing primarily in mortgages. The Fund invests in a highly diversified portfolio consisting of performing and secure mortgages underwritten on income producing real estate Composition properties across Canada. Canadian Fixed Income 89.88% Cash & Equivalents 10.12% Managed by Manulife Asset Management Limited Fund managers The Standard Life Assurance Company of Canada Inception date February 1969 Total assets $218.9 million Underlying fund operating expense (2016) Duration 0.23 In IMF Bond type Fixed Income Other 87.92% Govt. Agency Notes/Bonds 6.28% Corporate Notes/Bonds 4.50% Other 1.30%

Manulife Canadian Mortgage Fund - ($14,971) Std Life Mortgage Benchmark - ($15,944)

15,000 Top holdings (As at December 31, 2017) Canada 87.33% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund 6.18 4.70 5.61 6.88 3.00 2.49 5.07 3.32 2.54 1.53 Benchmark 10.58 10.31 4.61 4.99 4.90 3.11 5.09 3.18 1.17 0.30

Annualized compound returns (As at December 31, 2017) This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below. 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Fund 0.83 1.53 2.03 2.46 2.98 4.11 Benchmark 0.49 0.30 0.73 1.54 2.55 4.77 Primary investment process Fundamental, Bottom-up Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Benchmark changed as at June 30, 2014. Over the long term, this fund is expected to outperform a AAA and AA benchmark comprised of the following: • 75% FTSE TMX Canada Short Term Overall Bond Index A and BBB  • 25% FTSE TMX Canada Mid Term Overall Bond Index below BBB

 Fund (10)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Scheer Rowlett Canadian Equity

Objective The Fund seeks to maximize long-term total return while protecting the capital value of Composition the fund from major market fluctuations. Canadian Equity 99.03% Cash & Equivalents 0.97% Managed by Scheer, Rowlett & Associates Inv Mgmt Ltd Fund managers Lloyd Rowlett, Rob Dionne, Scott Merriman Inception date December 1995 Manulife inception date May 2008 Total assets $712.0 million Underlying fund operating expense (2016) 0.0636% Equity Industry Financials 43.17% Energy 17.54% Materials 15.30% Industrials 10.12% Telecommunication Services 5.32% Consumer Discretionary 4.86% Utilities 1.42% Other 2.27% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 100.00% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Manulife Fund’s inception date.

Manulife Scheer Rowlett Canadian Equity Fund - ($16,464) S&P/TSX Composite TR - ($15,752) Scheer Rowlett Canadian Equity Fund

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Royal Bank of Canada 9.70% Toronto-Dominion Bank 9.16% 10,000 Canadian Imperial Bank of Commerce 5.46% Canadian National Railway Co 4.58% Bank of Nova Scotia 4.43% 5,000 Agrium Inc 4.12% Bank of Montreal 3.88% 0 Suncor Energy Inc 3.81% Manulife Financial Corp 3.67% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Magna International Inc 3.63% (%) Fund -33.48 37.84 15.95 -11.78 11.74 14.09 4.24 -7.78 27.97 11.02 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large The Fund is expected to outperform the S&P/TSX Composite Total Return Index by 2% over four Medium year rolling periods.

Small

All cap

How the underlying fund is invested UNDERLYING FUND -> Manulife Asset Management Canadian Equity Index Pooled Fund Composition Objective The objective of the Fund is to provide returns that closely track the total return of the Canadian Equity 95.52% S&P/TSX Composite Index by investing primarily in equities with the intention of replicating the Cash & Equivalents 2.33% composition of the Index. United States Equity 0.31% Foreign Equity 0.17% Managed by Manulife Asset Management Limited Canadian Fixed Income 0.09% Other 1.58% Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team Inception date January 1998 Manulife inception date September 1998 Total assets $720.0 million Equity Industry Financials 33.78% Energy 19.14% Materials 11.15% Industrials 9.15% Consumer Discretionary 5.31% Telecommunication Services 4.61% Consumer Staples 3.57% Other 13.29% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 98.17% have been deducted. Bermuda 1.26% United States 0.37% United Kingdom 0.11% Australia 0.09% Manulife Canadian Equity Index Fund (Manulife Asset Management) - ($15,153) S&P/TSX Composite TR - ($15,752) 15,000 Top holdings within the underlying fund (As at December 31, 2017) Royal Bank of Canada 6.44% 10,000 Toronto-Dominion Bank 5.86% Bank of Nova Scotia 4.20% Enbridge Inc 3.58% 5,000 Canadian National Railway Co 3.35% Suncor Energy Inc 3.30% Bank of Montreal 2.81% 0 BCE Inc 2.35% Canadian Imperial Bank of Commerce 2.34% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD TransCanada Corp 2.32% (%) Fund -33.84 34.48 16.76 -9.62 6.80 12.92 10.52 -8.34 21.11 9.08 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Investment objective Benchmark changed as at December 20, 2012. Over the long term, this fund is expected to outperform the S&P/TSX Composite Index.

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company International Equity Code 8325 / IEQI Volatility meter Low High Manulife International Equity Index Fund (BlackRock)

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN MSCI EAFE Equity Idx

Objective The BlackRock Daily EAFE Equity Index Fund’s objective is to match the returns of the Composition MSCI EAFE Index (“index”) as closely as possible. BlackRock uses an indexing approach, where they Foreign Equity 98.90% own assets to match those of the index, in about the same names, weights, sectors, and countries. Cash & Equivalents 1.00% Other 0.10% Managed by BlackRock Asset Management Canada Limited Fund managers Creighton Jue, Ed Corallo, Joselle Duncan, Tim Wong Inception date March 1999 Manulife inception date August 1998 Total assets $5,385.8 million Equity Industry Financials 20.99% Industrials 14.50% Consumer Discretionary 12.14% Consumer Staples 11.07% Health Care 9.99% Materials 8.12% Information Technology 6.39% Other 16.80% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Japan 23.80% have been deducted. United Kingdom 14.86% France 9.87% Germany 9.72% Switzerland 8.63% Australia 6.74% Manulife International Equity Index Fund (BlackRock) - ($15,559) Netherlands 5.73% MSCI EAFE NR CAD - ($15,386) Other 20.65% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Nestle SA 1.76% 10,000 HSBC Holdings PLC 1.37% Novartis AG 1.24% Roche Holding AG Par 1.17% 5,000 Toyota Motor Corp 1.10% British American Tobacco PLC 1.02% Royal Dutch Shell PLC 0.99% 0 BP PLC 0.92% Total SA 0.86% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Royal Dutch Shell Plc B 0.84% (%) Fund -28.79 11.57 2.22 -10.08 14.97 31.01 3.84 19.09 -2.25 17.02 Benchmark -29.18 11.91 2.13 -9.97 14.72 31.02 3.67 18.95 -2.49 16.82

Value Core/Blend Growth Investment objective  Large Over the long term, this fund is expected to track the return and risk profile of the MSCI EAFE Index Medium (total return, net of withholing taxes) within 0.50% annualized over 4 years

Small

All cap

 Fund (9)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Beutel Goodman Canadian Equity-I

Objective This Fund seeks long-term capital appreciation primarily through investments in common Composition shares and other equity securities of established Canadian issuers. Canadian Equity 90.56% Cash & Equivalents 1.83% Managed by Beutel, Goodman & Company Ltd. Other 7.61% Fund managers Mark D. Thomson, Stephen J. Arpin, James W. Black, William Otton, Pat Palozzi Inception date December 1990 Manulife inception date May 2005 Total assets $6,911.7 million

Equity Industry Financials 41.26% Consumer Discretionary 10.29% Industrials 9.33% Telecommunication Services 8.03% Energy 7.78% Consumer Staples 5.87% Materials 5.45% Other 11.99% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 92.39% have been deducted. Other 7.61%

Manulife Canadian Equity Fund (Beutel Goodman) - ($21,647) S&P/TSX Composite TR - ($15,752)

20,000 Top holdings within the underlying fund (As at December 31, 2017) Royal Bank of Canada 9.34% 15,000 Toronto-Dominion Bank 9.24% Beutel Goodman Small Cap C 7.61% 10,000 Bank of Nova Scotia 6.26% Rogers Communications Inc 5.16% 5,000 Canadian Natural Resources Ltd 4.85% Magna International Inc 4.78% 0 Brookfield Asset Management Inc 4.68% Canadian National Railway Co 3.24% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canadian Tire Corporation Ltd 3.13% (%) Fund -22.25 25.38 17.17 -5.69 12.21 25.98 11.69 -4.05 20.11 10.43 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund strives to outperform the S&P/TSX Composite Total Return Index. Medium

Small

All cap

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Beutel Goodman Global Equity Fund Series I

Objective The Beutel Goodman Global Equity Fund seeks long-term enhancement of capital Composition primarily through investments in common stocks and other equity securities outside of Canada. Foreign Equity 59.50% United States Equity 39.49% Managed by Beutel, Goodman & Company Ltd. Cash & Equivalents 1.01% Fund managers Beutel, Goodman & Company Ltd Inception date July 2011 Manulife inception date May 2005 Total assets $350.4 million Underlying fund operating expense (2016) 0.1121% Equity Industry Health Care 15.08% Consumer Discretionary 14.31% Consumer Staples 13.13% Information Technology 11.78% Industrials 11.42% Telecommunication Services 11.05% Materials 9.71% Other 13.52% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 39.49% have been deducted. Germany 16.11% United Kingdom 11.39% Switzerland 5.92% Netherlands 5.08% France 3.69% Manulife Beutel Goodman Global Equity Fund - ($22,520) Japan 3.27% MSCI World TR CAD (BoC) - ($21,966) Other 15.05%

Top holdings within the underlying fund 20,000 (As at December 31, 2017)

Autozone Inc 3.49% 15,000 Kellogg Co 3.45% AmerisourceBergen Corp 3.40% 10,000 Vodafone Group PLC 3.32% Kao Corp 3.27% 5,000 Merck KGaA 3.25% GEA Group AG 3.20% 0 Software AG 3.17% Roche Holding AG Par 3.14% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Koninklijke KPN NV 3.07% (%) Fund -17.08 7.65 2.96 -1.23 17.35 32.66 6.68 14.19 8.77 20.26 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective  Large The Fund is expected to outperform the MSCI World Index ($ Cdn). Medium

Small

All cap

 Fund (12)  Benchmark (12) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Mawer International Equity Fund - O

Objective The Mawer International Investment is managed for above-average long term returns in Composition the securities of non-North American companies. Foreign Equity 97.79% Cash & Equivalents 2.21% Managed by Mawer Investment Management Ltd. Fund managers David Ragan, Jim Hall Inception date November 2003 Manulife inception date January 2008 Total assets $5,844.6 million

Equity Industry Financials 22.53% Industrials 17.50% Information Technology 16.55% Consumer Staples 15.06% Materials 11.72% Consumer Discretionary 7.66% Health Care 4.54% Other 4.44% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United Kingdom 24.33% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 8.32% Manulife Fund’s inception date. China 6.91% France 6.47% India 6.44% Manulife International Equity Fund (Mawer) - ($24,188) Switzerland 5.76% BM: Mawer MSCI ACWI World (Net) excluding US - ($15,565) Germany 5.33% Mawer International Equity Fund - Series O Other 36.44%

Top holdings within the underlying fund (As at December 31, 2017) 20,000 Intertek Group PLC 4.87% Tencent Holdings Ltd 4.27% 15,000 Aon PLC 4.21% Tsuruha Holdings Inc 3.22% 10,000 Air Liquide SA 2.97% Wolters Kluwer NV 2.92% 5,000 Croda International PLC 2.88% 0 Halma PLC 2.88% Amadeus IT Group SA 2.39% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD China Mobile Ltd 2.24% (%) Fund -31.02 25.07 9.79 -6.03 20.96 24.04 10.51 22.00 -1.89 24.26 Benchmark -29.18 11.91 2.13 -9.97 14.72 31.02 3.67 18.95 -3.02 18.83

Value Core/Blend Growth Investment objective  Large Benchmark changed as at September 30, 2016. Over the long term, this fund is expected to Medium outperform the MSCI ACWI World (net) excluding US Index.

Small

All cap

 Fund (8)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CC&L Group Fundamental Canadian Equity Fund

Objective The CC&L Group Fundamental Canadian Equity Fund maximizes long-term total return Composition while protecting the capital value of the Fund from major market fluctuations through prudent Canadian Equity 97.15% selection of investments. United States Equity 0.52% Other 2.33% Managed by Connor, Clark & Lunn Investment Management Ltd Fund managers Connor, Clark & Lunn Investment Management Ltd. Inception date April 2012 Manulife inception date May 2012 Total assets $95.9 million Underlying fund operating expense (2016) 0.0446% Equity Industry Financials 34.49% Energy 18.58% Materials 13.16% Industrials 11.71% Information Technology 5.35% Consumer Staples 4.55% Consumer Discretionary 3.94% Other 8.22% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 97.69% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Bermuda 1.15% Manulife Fund’s inception date. United States 0.52% Other 0.64% Manulife CC&L Group Fundamental Canadian Equity Fund - ($17,798) S&P/TSX Composite TR - ($15,533) CC&L Group Fundamental Canadian Equity Fund

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Royal Bank of Canada 7.29%

Toronto-Dominion Bank 7.03% 10,000 Bank of Nova Scotia 5.23% Manulife Financial Corp 3.73% Enbridge Inc 3.07% 5,000 Bank of Montreal 2.97% Canadian National Railway Co 2.78% 0 Agrium Inc 2.35% Teck Resources Ltd 2.12% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD TransCanada Corp 2.05% (%) Fund - - - - - 22.61 14.19 -4.55 20.03 5.97 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective Large Over the long term, the Fund is expected to outperform the S&P/TSX Total Return Index. Medium

Small  All cap

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock Active Canadian Equity Fund

Objective The BlackRock Active Canadian Equity Fund offers investors the opportunity to Composition outperform Canadian equities represented by the S&P/TSX Capped Composite Index. The stock Canadian Equity 96.20% selection model uses a bottom-up approach emphasizing relative value, earnings quality, analyst United States Equity 0.58% expectations, market sentiment and thematic baskets. Cash & Equivalents 0.03% Other 3.19% Managed by BlackRock Asset Management Canada Limited Fund managers BlackRock Mgt - Scientific Active Equity Inception date April 2002 Manulife inception date May 2009 Total assets $563.8 million Equity Industry Financials 34.13% Energy 20.29% Materials 10.60% Industrials 10.44% Consumer Discretionary 5.92% Telecommunication Services 4.84% Information Technology 3.41% Other 10.37% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 96.76% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Bermuda 1.78% Manulife Fund’s inception date. United States 0.58% Other 0.88% Manulife Canadian Equity Fund (BlackRock) - ($15,977) S&P/TSX Composite Cap TR - ($15,752) BlackRock Active Canadian Equity DC Fund

15,000 Top holdings within the underlying fund (As at December 31, 2017) Royal Bank of Canada 7.62% Bank of Nova Scotia 5.32% 10,000 Toronto-Dominion Bank 5.08% Suncor Energy Inc 4.38% 5,000 Canadian National Railway Co 4.35% Manulife Financial Corp 3.29% Canadian Natural Resources Ltd 3.06% 0 TransCanada Corp 2.93% Canadian Imperial Bank of Commerce 2.82% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Enbridge Inc 2.69% (%) Fund -30.77 33.79 17.62 -7.37 7.08 13.80 8.07 -7.32 18.96 9.14 Benchmark -33.00 35.06 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Benchmark changed as at October 1, 2012. Over the long term, this fund is expected to outperform Medium the S&P/TSX Capped Composite Index.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7582 / CEPYR Volatility meter Low High Manulife Canadian Equity Institutional Fund (Fidelity)

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> FIAM Canadian Core Equity Trust

Objective The portfolio’s investment objective is to seek long-term capital appreciation by investing Composition in a diversified portfolio of Canadian equities. The Canadian Core strategy uses a bottom up, Canadian Equity 99.33% fundamental approach designed to deliver the Pyramis Canadian equity research team’s best ideas United States Equity 0.31% within a riskcontrolled, sector-neutral portfolio structure. Other 0.36% Managed by FIAM LLC Fund managers Andrew Marchese, Joe Overdevest Inception date July 2002 Manulife inception date June 2012 Total assets $1,310.3 million Equity Industry Financials 35.14% Energy 20.28% Materials 9.79% Industrials 8.22% Consumer Discretionary 6.67% Telecommunication Services 6.25% Information Technology 4.27% Other 9.38% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 98.52% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Bermuda 0.36% Manulife Fund’s inception date. United States 0.30% Other 0.82% Manulife Canadian Equity Institutional Fund (Fidelity) - ($18,192) S&P/TSX Composite TR - ($15,752) FIAM Canadian Core Equity Trust

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Toronto-Dominion Bank 9.21% Royal Bank of Canada 8.79% 10,000 Suncor Energy Inc 5.17% Brookfield Asset Management Inc 4.28% Canadian National Railway Co 4.26% 5,000 Enbridge Inc 4.07% Sun Life Financial Inc 3.08% 0 Canadian Natural Resources Ltd 2.94% Telus Corp 2.63% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Intact Financial Corp 2.52% (%) Fund -33.21 39.12 17.91 -8.48 6.39 19.01 13.81 -0.99 16.70 8.92 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large The Fund aims to outperform the S&P/TSX Capped Composite Index by 200 bps over a full market Medium cycle.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7315 / CGCCL Volatility meter Low High Manulife Canadian Q Growth Fund (CC&L)

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CC&L Group Canadian Q Growth Fund

Objective The CC&L Group Canadian Q Growth Fund holds various equity securities (including Composition common shares, limited partnerships, royalty and income trusts) traded on recognized Canadian Canadian Equity 99.56% exchanges, rights, warrants, cash and cash equivalents. Holdings are diversified among S&P/TSX Cash & Equivalents 0.32% Composite Index industry sectors. United States Equity 0.05% Other 0.07% Managed by Connor, Clark & Lunn Investment Management Ltd Fund managers Connor, Clark & Lunn - Mgmt. Team Inception date January 2001 Manulife inception date May 2009 Total assets $1,314.1 million Equity Industry Financials 29.96% Materials 14.94% Industrials 13.25% Energy 12.16% Consumer Discretionary 9.30% Information Technology 7.60% Consumer Staples 4.31% Other 8.48% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 99.90% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United States 0.05% Manulife Fund’s inception date. Other 0.05% Manulife Canadian Q Growth Fund (CC&L) - ($18,958) S&P/TSX Composite TR - ($15,752) CC&L Group Canadian Q Growth Fund

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Royal Bank of Canada 6.57% Bank of Nova Scotia 4.71% 10,000 Toronto-Dominion Bank 4.33% Canadian Imperial Bank of Commerce 4.20% Canadian National Railway Co 4.17% 5,000 Barrick Gold Corp 3.14% Constellation Software Inc 3.06% 0 Bank of Montreal 2.55% Suncor Energy Inc 2.52% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Teck Resources Ltd 2.11% (%) Fund -32.76 28.80 22.70 -5.96 8.73 25.35 11.60 -4.58 17.22 11.30 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P/TSX Composite Index by 2.0 % Medium over moving four-year periods.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7383 / CAFGP Volatility meter Low High Manulife Canadian Equity Fund (Foyston, Gordon & Payne)

 Fund (11)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> FGP Canadian Equity Fund

Objective The Fund aims to generate an attractive total investment return through long-term Composition capital growth as well as dividend and other income. To achieve this, the Fund will primarily invest in Canadian Equity 99.65% a diversified mix of Canadian equity securities. Cash & Equivalents 0.27% Canadian Fixed Income 0.08% Managed by Foyston, Gordon & Payne Inc Fund managers Bryan Pilsworth, John C. Berry, Owen Ko, Tom Duncanson, Zubaida Mirza Inception date January 1993 Manulife inception date June 2013 Total assets $1,429.6 million Equity Industry Financials 42.89% Energy 25.22% Consumer Discretionary 9.41% Materials 8.76% Information Technology 4.97% Industrials 4.00% Telecommunication Services 3.39% Consumer Staples 1.36% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 100.00% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Manulife Fund’s inception date.

Manulife Canadian Equity Fund (Foyston, Gordon & Payne) - ($19,843) S&P/TSX Composite TR - ($15,752) FGP Canadian Equity Fund

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Royal Bank of Canada 7.69% Bank of Nova Scotia 7.64% Suncor Energy Inc 6.35% 10,000 Canadian Natural Resources Ltd 5.91% Toronto-Dominion Bank 5.47% 5,000 Imperial Oil Ltd 4.67% Husky Energy Inc 4.30% 0 Canadian Imperial Bank of Commerce 4.23% Manulife Financial Corp 4.02% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Magna International Inc 3.49% (%) Fund -31.09 37.96 16.65 -5.80 12.71 23.30 7.75 -9.90 27.65 10.67 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P/TSX Total Return Index + 1.50% Medium (annualized) over five-year periods.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7125 / EQETH Volatility meter Low High Manulife Ethical SRI Canadian Equity Fund

 Fund (8)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> NEI Ethical Canadian Equity Fund Series I

Objective The Ethical SRI Canadian Equity Fund is managed to maximize returns primarily through Composition a combination of dividends and capital growth from Canadian companies. The Fund follows a Canadian Equity 95.65% socially responsible approach to investing. Cash & Equivalents 2.66% United States Equity 1.69% Managed by QV Investors Inc Fund managers Northwest Ethical Investments LP Inception date July 2003 Manulife inception date September 2001 Total assets $596.5 million Underlying fund operating expense (2016) 0.053% Equity Industry Financials 24.11% Energy 18.89% Industrials 12.50% Consumer Staples 10.60% Utilities 9.91% Consumer Discretionary 8.47% Information Technology 7.84% Other 7.68% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 98.00% have been deducted. United States 1.69% Other 0.31%

Manulife Ethical SRI Canadian Equity Fund - ($16,269) S&P/TSX Composite TR - ($15,752)

15,000 Top holdings within the underlying fund (As at December 31, 2017) Loblaw Companies Ltd 5.99% Canadian Imperial Bank of Commerce 5.84% 10,000 Power Financial Corp 5.03% Bank of Nova Scotia 4.90% CGI Group Inc 4.34% 5,000 Canadian Natural Resources Ltd 4.02% Atco Ltd 3.74% 0 Toronto-Dominion Bank 3.71% Open Text Corp 3.50% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canadian Pacific Railway Ltd 3.40% (%) Fund -29.57 25.43 13.17 -8.65 8.37 23.60 10.41 -5.59 21.25 5.24 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Investment objective Benchmark changed as at June 30, 2013. Over the long term, this fund is expected to outperform the S&P/TSX Composite Index.

 Fund (10)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Hexavest World Fund

Objective The Hexavest Global Equity Fund seeks to provide investors with capital appreciation Composition and/or income generation. The Fund invests in a diversified portfolio comprised primarily of equity United States Equity 49.03% securities of mid to large-cap companies of the world’s developed countries. Foreign Equity 36.24% Cash & Equivalents 9.00% Managed by Hexavest Inc Canadian Equity 1.67% Fund managers Hexavest Inc. Other 4.06% Inception date June 2004 Manulife inception date November 2009 Total assets $3,860.8 million Underlying fund operating expense (2016) 0.0264% Equity Industry Health Care 13.82% Financials 10.78% Telecommunication Services 9.28% Consumer Staples 8.95% Information Technology 8.78% Utilities 8.05% Consumer Discretionary 7.99% Other 32.35% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 44.98% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Canada 13.03% Manulife Fund’s inception date. Japan 9.12% United Kingdom 5.56% Germany 3.07% Manulife Hexavest Global Equity Fund - ($24,916) Switzerland 2.90% MSCI World TR CAD (BoC) - ($21,966) Australia 2.43% Hexavest World Fund Other 18.91% 25,000 Top holdings within the underlying fund (As at December 31, 2017) 20,000 VanEck Vectors Gold Miners ETF 2.38% AT&T Inc 2.07% 15,000 Verizon Communications Inc 2.06% VanEck Vectors Junior Gold Miners ETF 2.04% 10,000 Johnson & Johnson 1.94% Pfizer Inc 1.81% 5,000 Apple Inc 1.52% 0 Exxon Mobil Corp 1.49% Cisco Systems Inc 1.23% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Microsoft Corp 1.01% (%) Fund -8.55 11.52 3.25 0.23 9.93 32.57 15.06 20.10 8.80 7.74 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective Large The Fund is expected to outperform the MSCI World Index ($ Cdn). Medium

Small  All cap

 Fund (6)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity True North Fund - O

Objective The Fund aims to achieve long term capital growth by investing primarily in Canadian Composition equity securities. Canadian Equity 83.83% Cash & Equivalents 6.43% Managed by FIAM LLC United States Equity 5.32% Fund managers Maxime Lemieux Foreign Equity 2.43% Other 1.99% Inception date February 2001 Manulife inception date February 1999 Total assets $4,731.3 million

Equity Industry Financials 22.84% Energy 12.68% Information Technology 11.67% Industrials 10.25% Consumer Staples 10.20% Consumer Discretionary 7.95% Materials 5.72% Other 18.69% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 83.88% have been deducted. United States 5.33% Japan 0.79% Bermuda 0.70% China 0.38% Taiwan 0.36% Manulife True North Fund (Fidelity) - ($18,837) France 0.35% S&P/TSX Composite Cap TR - ($15,752) Other 8.21%

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Toronto-Dominion Bank 8.57% Canadian National Railway Co 4.34% 10,000 Suncor Energy Inc 3.86% Royal Bank of Canada 3.77% Alimentation Couche-Tard Inc 3.75% 5,000 Rogers Communications Inc 3.66% CGI Group Inc 3.66% 0 Restaurant Brands International Inc 2.84% Metro Inc 2.47% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Constellation Software Inc 2.44% (%) Fund -32.97 33.39 15.10 -6.06 10.70 25.24 16.10 0.37 12.48 7.22 Benchmark -33.00 35.06 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund aims to outperform the S&P/TSX Capped Composite Index. Medium

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7294 / CEGUA Volatility meter Low High Manulife Guardian Canadian Equity Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Guardian Canadian Equity Series I

Objective The Guardian Canadian Equity Fund is managed to achieve long-term growth of capital Composition while maintaining steady current dividend income, primarily through the investment in common Equity 97.61% shares or other equity-related investments issued by Canadian companies. Cash & equivalents 2.39% Managed by Guardian Capital LP Fund managers Guardian Capital LP Inception date February 1969 Manulife inception date March 1999 Total assets $490.7 million Underlying fund operating expense (2016) 0.18% Equity Industry Financials 31.08% Energy 23.22% Materials 11.28% Industrials 9.65% Information Technology 4.91% Consumer Discretionary 4.12% Utilities 4.07% Other 11.67% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at September 30, 2017) Bank of Nova Scotia 5.10% Royal Bank CDA 5.10% Toronto Dominion Bk 5.10% Manulife Guardian Canadian Equity Fund - ($17,260) S&P/TSX Composite Cap TR - ($15,752) Bank of Montreal 4.90% CDN Natl Railway 4.70% 15,000 Brookfield Asset Mgt 4.40% Suncor Energy Inc 4.40% Fortis Inc 4.20% 10,000 Gildan Activewear 4.20% CDN Natural Res 3.70% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -29.38 28.36 13.67 -8.96 11.49 17.09 12.50 -3.25 18.19 9.59 Benchmark -33.00 35.06 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P/TSX Total Return Index. Medium

Small

All cap

 Fund (10)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Guardian Canadian Growth Equity Fund

Objective The Fund is managed to achieve long-term growth of capital primarily through the Composition investment in the Canadian equities with a growth orientation that are reasonably priced. The Fund Canadian Equity 96.05% may invest up to 10% of its market value in individual foreign equities that have either significant Cash & Equivalents 3.44% business operations in Canada or are listed on the TSX. United States Fixed Income 0.32% Canadian Fixed Income 0.12% Managed by Guardian Capital LP Other 0.07% Fund managers Gary Chapman Inception date July 1986 Manulife inception date February 2011 Total assets $400.6 million Equity Industry Financials 29.51% Energy 20.44% Materials 14.12% Industrials 12.49% Information Technology 9.75% Consumer Discretionary 6.99% Consumer Staples 2.75% Other 3.95% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 99.40% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United States 0.32% Manulife Fund’s inception date. United Kingdom 0.20% Other 0.08% Manulife Canadian Equity Growth Fund (Guardian) - ($17,514) S&P/TSX Composite Cap TR - ($15,752) Guardian Canadian Growth Equity Fund Series I

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Toronto-Dominion Bank 6.55% Bank of Montreal 6.04% 10,000 Bank of Nova Scotia 5.99% Canadian Pacific Railway Ltd 4.62% Manulife Financial Corp 4.31% 5,000 Canadian Natural Resources Ltd 4.01% Guardian Canadian Short Term Investment Series I 3.93% 0 Open Text Corp 3.57% CGI Group Inc 3.43% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Encana Corp 3.36% (%) Fund -32.12 44.73 20.81 -9.78 5.47 20.99 9.46 -7.50 20.24 5.30 Benchmark -33.00 35.06 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P/TSX Composite Index + 2% Medium (annualized) over moving four-year periods.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7242 / NAEJF Volatility meter Low High Manulife Canadian Equity Fund (Jarislowsky Fraser)

 Fund (8)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> JF Canadian Equity Fund

Objective Jarislowsky Fraser’s equity style emphasizes buying long-term growth at a reasonable Composition price. Internal resources are primarily relied on to generate investment ideas. Each year, the Canadian equity 98.50% investment professionals contact and interview more than 200 Canadian companies. The portfolio Cash & equivalents 1.50% focuses on industry leaders with strong balance sheets and cash flow as well as depth and quality at the management level. Managed by Jarislowsky Fraser Limited Fund managers Jarislowsky Fraser - Mgmt. Team Inception date April 1997 Manulife inception date November 1998 Equity Industry Total assets $5,326.3 million Financials 35.00% Energy 18.10% Industrials 11.50% Consumer Staples 10.20% Materials 6.80% Special Equity Fund 6.80% Information Technology 6.30% Consumer Discretionary 5.30% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) Toronto-Dominion Bank 8.80% Royal Bank of Canada 7.20% Bank of Nova Scotia 6.30% Manulife Canadian Equity Fund (Jarislowsky Fraser) - ($18,835) S&P/TSX Composite TR - ($15,752) Enbridge Inc. 5.60% Canadian National Railway Company 4.80%

Canadian Natural Resources Limited 4.60% 15,000 Manulife Financial Corporation 4.00% Potash Corporation of Saskatchewan Inc 3.50% Alimentation Couche-Tard Inc., Class B 3.40% 10,000 Open Text Corporation 3.40%

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -23.79 26.37 10.73 -5.92 10.02 22.64 12.86 -1.34 17.45 6.40 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, this fund is expected to outperform the S&P/TSX Total Return Index. Medium

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company U.S. Large Cap Equity Code 8131 / SSQTY Volatility meter Low High Manulife Asset Management U.S. Equity Index Fund

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MAM US Equity Index Pooled Fund

Objective The objective of the Fund is to provide returns that closely track the total return of the Composition Standard & Poor’s 500 Index by investing primarily in equities with the intention of replicating the United States Equity 94.39% composition of the Index. Foreign Equity 3.28% Cash & Equivalents 2.34% Managed by Manulife Asset Management Limited Fund managers Mark A. Schmeer Inception date January 1998 Manulife inception date December 1997 Total assets $1,225.0 million Underlying fund operating expense (2016) 0.01% Equity Industry Information Technology 23.30% Financials 14.45% Health Care 13.45% Consumer Discretionary 11.93% Industrials 9.95% Consumer Staples 8.01% Energy 5.94% Other 12.97% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 96.72% have been deducted. Ireland 1.64% United Kingdom 0.64% Switzerland 0.46% Singapore 0.45% Bermuda 0.09% Manulife Asset Management U.S. Equity Index Fund - ($27,784) Cust Benchm S&P 500 TR Index (Net of 15% Tax-$CA) - ($27,714)

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Apple Inc 3.72% 20,000 Microsoft Corp 2.83% 15,000 Amazon.com Inc 2.00% Facebook Inc 1.80% 10,000 Berkshire Hathaway Inc 1.63% Johnson & Johnson 1.61% 5,000 JPMorgan Chase & Co 1.59% 0 Exxon Mobil Corp 1.52% Alphabet Inc 1.35% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Alphabet Inc 1.34% (%) Fund -21.82 7.62 8.90 4.14 13.06 40.81 23.53 21.08 7.75 13.49 Benchmark -22.20 7.69 9.02 3.91 13.19 40.91 23.52 21.22 7.74 13.48

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500, net of 15% withholding tax Medium ($ Cdn).

Small

All cap

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MAM US Large Cap Core Pooled Fund

Objective The MAM US Large Cap Core Pooled Fund seeks long-term capital growth by investing Composition primarily in large cap U.S. securities with the potential for long-term growth of capital. The fund United States Equity 87.16% may also invest in mid-capitalization companies. Foreign Equity 11.89% Cash & Equivalents 0.95% Managed by Manulife Asset Management Limited Fund managers Sandy Sanders, Walter McCormick Inception date January 1998 Manulife inception date August 1998 Total assets $352.1 million Underlying fund operating expense (2016) 0.03% Equity Industry Financials 27.18% Consumer Discretionary 21.75% Information Technology 20.06% Industrials 12.91% Health Care 8.74% Energy 4.09% Consumer Staples 3.69% Real Estate 1.58% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 87.86% have been deducted. Ireland 6.50% United Kingdom 2.51% Belgium 1.93% France 0.94% Other 0.26% Manulife Asset Management U.S. Large Cap Core Fund - ($29,679) S&P 500 TR CAD (BoC) - ($28,697) 30,000 Top holdings within the underlying fund (As at December 31, 2017) 25,000 Amazon.com Inc 6.70% 20,000 Apple Inc 6.08% General Electric Co 5.32% 15,000 Bank of America Corp 4.51% 10,000 Citigroup Inc 4.42% Goldman Sachs Group Inc 4.31% 5,000 Alphabet Inc 4.12% 0 JPMorgan Chase & Co 3.92% Polaris Industries Inc 3.48% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Allergan plc 3.36% (%) Fund -23.16 9.48 10.48 4.19 17.32 41.78 18.76 27.27 7.38 13.53 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager U.S. Equity

Composition Objective The Fund invests in three to five equally weighted sub-funds with each sub-fund United States Equity 88.15% investing primarily in US equity securities. The Fund’s primary objective is to provide investors access Foreign Equity 8.47% to best-in-class active US equity managers while maintaining an overall core US equity exposure. Cash & Equivalents 3.38% Managed by Manulife Asset Management Limited Fund managers Beutel Goodman & Co. - Mgmt. Team, Manulife Asset Mgmt (Tor)-Mgmt Team, Mawer Investment - Mgmt Team Inception date May 2003 Manulife inception date July 2013 Equity Industry Total assets $103.5 million Underlying fund operating expense (2016) Financials 21.09% 0.0516% Information Technology 17.39% Consumer Discretionary 16.25% Health Care 14.20% Industrials 12.76% Consumer Staples 5.53% Materials 3.27% Other 9.51% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 90.89% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Ireland 5.42% Manulife Fund’s inception date. United Kingdom 1.91% Belgium 0.64% Canada 0.61% Manulife Multi-Manager U.S. Equity Fund - ($31,364) France 0.35% S&P 500 TR CAD (BoC) - ($28,697) Switzerland 0.15% Multi-Manager US Equity Fund Other 0.03% 30,000 Top holdings within the underlying fund (As at December 31, 2017) 25,000 Mawer US Equity Srs O 34.32% Beutel Goodman American Equity Series I 34.22% 20,000 MAM US Large Cap Core Pooled 31.51% 15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -15.40 7.08 8.46 4.91 15.43 42.30 22.19 21.46 9.60 13.88 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (9)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Meritas Jantzi Social Index Fund - Series F

Objective The Meritas SRI Jantzi Social Index Fund is managed to seek capital appreciation with Composition current income being a secondary investment objective. The Fund will invest primarily in Canadian Canadian Equity 97.45% equity securities which comprise the Jantzi Social Index (JSI). As this Fund invests in a socially Cash & Equivalents 0.86% responsible manner, it must adhere to the “Criteria for Socially Responsible Investing”. Other 1.69% Managed by State Street Global Advisors Ltd. (Canada) Fund managers Meritas Inception date February 2008 Manulife inception date November 2011 Total assets $34.0 million Underlying fund operating expense (2016) Equity Industry 0.35% Financials 37.38% Energy 17.04% Telecommunication Services 11.18% Industrials 10.78% Materials 8.02% Consumer Discretionary 7.20% Consumer Staples 3.01% Other 5.39% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 98.31% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Bermuda 0.58% Manulife Fund’s inception date. Other 1.11% Manulife Meritas SRI Jantzi Social Index Fund - ($16,954) S&P/TSX 60 TR - ($16,587) Meritas Jantzi Social Index Fund - Series F

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Royal Bank of Canada 9.75% Toronto-Dominion Bank 9.74% 10,000 Canadian National Railway Co 8.26% Suncor Energy Inc 8.12% Bank of Montreal 6.91% 5,000 BCE Inc 5.76% Canadian Imperial Bank of Commerce 5.66% 0 Sun Life Financial Inc 3.37% Telus Corp 2.99% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Magna International Inc 2.63% (%) Fund - 37.36 11.05 -9.63 12.25 16.46 10.75 -6.84 22.10 10.86 Benchmark -31.17 31.94 13.84 -9.08 8.07 13.26 12.27 -7.76 21.36 9.78

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P/TSX 60 Total Return Index. Medium

Small

All cap

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Mackenzie US Large Cap Class Series O

Objective The Mackenzie US Equity Fund pursues long-term capital growth by investing primarily Composition in equity securities of large capitalization (blue chip) U.S. companies. United States Equity 89.01% Foreign Equity 8.46% Managed by Ivy Investment Management Company Canadian Equity 2.08% Fund managers MacKenzie Investments Cash & Equivalents 0.41% Other 0.04% Inception date March 2004 Manulife inception date June 2012 Total assets $273.4 million Underlying fund operating expense (2016) 0.0019% Equity Industry Information Technology 37.27% Financials 15.14% Health Care 11.79% Industrials 11.08% Consumer Staples 8.77% Consumer Discretionary 7.19% Energy 4.69% Materials 4.07% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 89.01% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Netherlands 4.32% Manulife Fund’s inception date. Canada 2.49% Singapore 2.38% China 1.31% Manulife Mackenzie US Equity Fund - ($28,862) Switzerland 0.46% S&P 500 TR CAD (BoC) - ($28,697) Other 0.03% Mackenzie US Large Cap Class Series O

Top holdings within the underlying fund 25,000 (As at November 30, 2017) Microsoft Corp 5.03% 20,000 Apple Inc 4.75% PayPal Holdings Inc 3.30% 15,000 Morgan Stanley 3.30% 10,000 UnitedHealth Group Inc 3.21% Alphabet Inc 3.11% 5,000 JPMorgan Chase & Co 3.08% 0 Adobe Systems Inc 2.62% Applied Materials Inc 2.40% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Broadcom Ltd 2.38% (%) Fund -18.77 6.50 14.44 4.21 16.47 43.79 20.37 19.83 1.33 14.19 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (8)  Benchmark (7) Based on 3 year standard deviation How the fund is invested Objective The Manulife Asset Management Canadian Equity Fund is managed to provide long term capital growth by investing primarily in equities of issuers located in Canada and listed on a recognized exchange. Composition Managed by Manulife Asset Management Limited Canadian Equity 98.66% Canadian Fixed Income 1.22% Fund managers Standard Life Investments Inc. Cash & Equivalents 0.11% Inception date July 1966 Other 0.01% Total assets $427.9 million Underlying fund operating expense (2016) In IMF

Equity Industry Financials 33.68% Energy 19.12% Industrials 10.70% Consumer Discretionary 9.80% Materials 9.08% Information Technology 7.57% Consumer Staples 4.65% Other 5.40% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 99.91% have been deducted. United States 0.09%

Manulife Asset Management Canadian Equity Fund - ($15,532) S&P/TSX Composite TR - ($15,752) 15,000 Top holdings (As at December 31, 2017) Toronto-Dominion Bank 7.90% 10,000 Bank of Nova Scotia 5.44% Canadian Natural Resources Ltd 5.29% Enbridge Inc 4.48% 5,000 CGI Group Inc 4.47% Sun Life Financial Inc 4.37% Royal Bank of Canada 4.24% 0 Canadian Imperial Bank of Commerce 3.99% Suncor Energy Inc 3.99% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canadian Pacific Railway Ltd 3.54% (%) Fund -32.74 28.60 16.93 -9.52 4.87 17.53 10.80 -3.24 15.81 10.90 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Investment objective Over the long term, the Fund is expected to outperform the S&P/TSX Total Return Index.

Primary investment process Fundamental, Bottom-up

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Meritas U.S. Equity Fund - Series F

Objective The Meritas SRI US Equity Fund is managed to seek capital appreciation with current Composition income being a secondary investment objective. The Fund will invest primarily in equity securities of United States Equity 92.92% medium to large capitalization U.S. companies. As this Fund invests in a socially responsible manner, Cash & Equivalents 4.49% it must adhere to the “Criteria For Socially Responsible Investing”. Foreign Equity 1.89% Other 0.70% Managed by ClearBridge Investments LLC Fund managers Meritas Inception date February 2008 Manulife inception date November 2011 Total assets $12.5 million Underlying fund operating expense (2016) Equity Industry 0.34% Information Technology 24.48% Health Care 13.54% Financials 13.04% Industrials 10.67% Consumer Discretionary 8.26% Consumer Staples 7.81% Materials 6.16% Other 16.04% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 97.10% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Ireland 1.89% Manulife Fund’s inception date. Canada 0.31% Other 0.70% Manulife Meritas SRI US Equity Fund - ($23,841) S&P 500 TR CAD (BoC) - ($30,100) Meritas U.S. Equity Fund - Series F 30,000 Top holdings within the underlying fund (As at December 31, 2017) 25,000 Microsoft Corp 4.20% 20,000 Aetna Inc 3.13% Oracle Corp 2.98% 15,000 Waste Management Inc 2.92% 10,000 Home Depot Inc 2.83% JPMorgan Chase & Co 2.68% 5,000 3M Co 2.68% 0 Honeywell International Inc 2.40% Comcast Corp 2.39% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD American Tower Corp 2.34% (%) Fund - 8.36 5.69 2.87 11.34 36.49 21.48 21.13 6.09 9.78 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (8)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Meritas Monthly Dividend and Income Fund - Series F

Objective The Meritas SRI Monthly Dividend and Income Fund is managed to provide a Composition combination of income from dividends, interest income and capital gains. As this fund invests in a Canadian Equity 95.76% socially responsible manner, it must adhere to the “Criteria for Socially Responsible Investing”. Cash & Equivalents 3.47% Other 0.77% Managed by Jarislowsky Fraser Limited Fund managers Meritas Inception date February 2008 Manulife inception date November 2011 Total assets $48.5 million Underlying fund operating expense (2016) 0.35% Equity Industry Financials 37.03% Energy 18.70% Industrials 10.67% Consumer Staples 8.39% Information Technology 7.64% Consumer Discretionary 6.68% Materials 6.65% Other 4.24% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 99.23% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Other 0.77% Manulife Fund’s inception date.

Manulife Meritas SRI Monthly Dividend and Income Fund - ($20,190) S&P/TSX Composite TR - ($16,532) Meritas Monthly Dividend and Income Fund - Series F 20,000 Top holdings within the underlying fund (As at December 31, 2017) 15,000 Toronto-Dominion Bank 9.55% Royal Bank of Canada 7.93% Bank of Nova Scotia 6.56% 10,000 Enbridge Inc 5.42% Canadian National Railway Co 4.23% 5,000 Canadian Natural Resources Ltd 3.93% Manulife Financial Corp 3.90% 0 Pembina Pipeline Corp 3.82% Open Text Corp 3.71% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Potash Corporation of Saskatchewan Inc 3.14% (%) Fund - 20.59 11.56 -5.54 12.75 23.84 14.16 -3.45 19.21 5.93 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P/TSX Total Return Index. Medium

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7852 / CCEQ Volatility meter Low High Manulife Capped Canadian Equity Fund (Manulife Asset  Fund (8)  Benchmark (7) Management) Based on 3 year standard deviation How the fund is invested Objective The objective of the Fund is to provide long term capital growth by investing primarily in equities of issuers located in Canada and listed on a recognized exchange, while observing limits on the exposure to any single equity holding. Composition Managed by Manulife Asset Management Limited Canadian Equity 99.01% Canadian Fixed Income 0.81% Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team Cash & Equivalents 0.18% Inception date January 2001 Total assets $188.8 million

Equity Industry Financials 33.75% Energy 19.19% Industrials 10.73% Consumer Discretionary 9.83% Materials 9.18% Information Technology 7.59% Consumer Staples 4.66% Other 5.07% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 99.84% have been deducted. United States 0.16%

Manulife Capped Canadian Equity Fund (Manulife Asset Management) - ($15,652) S&P/TSX Composite Cap TR - ($15,752) 15,000 Top holdings (As at December 31, 2017) Toronto-Dominion Bank 7.92% 10,000 Bank of Nova Scotia 5.45% Canadian Natural Resources Ltd 5.30% Enbridge Inc 4.50% 5,000 CGI Group Inc 4.48% Sun Life Financial Inc 4.38% Royal Bank of Canada 4.25% 0 Canadian Imperial Bank of Commerce 4.00% Suncor Energy Inc 4.00% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canadian Pacific Railway Ltd 3.55% (%) Fund -32.62 29.24 16.92 -9.22 4.76 17.27 10.98 -3.31 15.87 10.86 Benchmark -33.00 35.06 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, this fund is expected to outperform the S&P/TSX Total Return Index. Medium

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7665 / CEVSL Volatility meter Low High Manulife Asset Management Canadian Value Equity Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MAM Canadian Value Equity Pooled Fund

Objective The objective of the Fund is to provide both capital growth and superior dividend Composition income by investing primarily in a diversified portfolio of high quality, high yielding income Canadian Equity 89.43% producing equities listed on a recognized Canadian exchange which have demonstrated their Cash & Equivalents 7.47% capacity to pay dividends and sustain such payment over time. Canadian Fixed Income 1.61% United States Equity 1.50% Managed by Manulife Asset Management Limited Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team Inception date May 2007 Manulife inception date September 2003 Total assets $39.8 million Equity Industry Financials 28.20% Energy 14.89% Industrials 13.43% Consumer Discretionary 9.54% Materials 8.76% Information Technology 5.22% Consumer Staples 5.17% Other 14.79% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 98.50% have been deducted. United States 1.50%

Manulife Asset Management Canadian Value Equity Fund - ($18,327) S&P/TSX Composite Cap TR - ($15,752)

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Power Corporation of Canada 3.24% Magna International Inc 3.02% 10,000 Toronto-Dominion Bank 3.01% Royal Bank of Canada 3.00% Canadian Imperial Bank of Commerce 2.87% 5,000 CI Financial Corp 2.79% Metro Inc 2.67% 0 Canadian National Railway Co 2.62% Bank of Nova Scotia 2.62% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Celestica Inc 2.50% (%) Fund -34.27 36.06 16.31 -7.39 7.87 23.68 13.72 -2.64 16.40 10.67 Benchmark -33.00 35.06 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Over the long term, this fund is expected to outperform the S&P/TSX Total Return Index. Medium

Small

All cap

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN MSCI ACWI ex-Canada Index Fund

Objective This fund invests in Global equities; this fund may also use any other investments, Composition including exchange traded funds and pooled funds, which when included in the fund help achieve United States Equity 62.88% the objective of tracking the return and risk profile of the benchmark. Foreign Equity 35.20% Cash & Equivalents 1.88% Managed by BlackRock Asset Management Canada Limited Other 0.04% Fund managers BlackRock Asset Management - Mgmt Team Inception date September 2007 Manulife inception date December 2012 Total assets $1,380.4 million Equity Industry Information Technology 18.04% Financials 17.71% Consumer Discretionary 11.75% Health Care 10.92% Industrials 10.88% Consumer Staples 8.85% Energy 5.79% Other 16.06% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 50.74% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 8.05% Manulife Fund’s inception date. United Kingdom 5.37% France 3.34% Germany 3.29% Manulife Global Equity Index Fund (BlackRock) - ($20,582) Switzerland 3.17% Cust Benchm MSCI World ex Canada NDR Index - ($21,073) China 3.10% BlackRock CDN MSCI ACWI ex-Canada Index Fund Other 22.94% 20,000 Top holdings within the underlying fund (As at December 31, 2017) iShares MSCI Emerging Markets ETF 12.25% 15,000 Apple Inc 2.00% Microsoft Corp 1.52% 10,000 Amazon.com Inc 1.07% Facebook Inc 0.97% 5,000 Berkshire Hathaway Inc 0.88% Johnson & Johnson 0.86% 0 JPMorgan Chase & Co 0.85% Exxon Mobil Corp 0.81% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Alphabet Inc 0.73% (%) Fund -26.36 12.84 6.19 -4.61 14.12 32.08 13.77 18.05 4.02 16.12 Benchmark -25.56 9.51 5.50 -2.78 13.63 36.29 14.57 20.04 3.28 14.59

Value Core/Blend Growth Investment objective  Large To track the return and risk profile of the MSCI ACWI ex Canada Index (total return, net of Medium withholding taxes). Expected tracking error is expected to be 0.50% annualized over four years.

Small

All cap

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> CI American Value Fund - Class I

Objective The CI American Value Fund is managed to achieve long-term capital growth by Composition investing primarily in a broadly diversified portfolio of American equity securities. United States Equity 89.24% Foreign Equity 9.58% Managed by Epoch Investment Partners Inc Cash & Equivalents 1.17% Fund managers David Pearl, William Priest Other 0.01% Inception date February 1977 Manulife inception date August 2010 Total assets $642.2 million Underlying fund operating expense (2016) In IMF Equity Industry Information Technology 26.86% Financials 20.65% Health Care 13.33% Consumer Discretionary 11.68% Industrials 9.01% Materials 5.43% Consumer Staples 5.24% Other 7.80% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 89.67% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Ireland 5.68% Manulife Fund’s inception date. Bermuda 2.21% Switzerland 0.91% United Kingdom 0.78% Manulife CI American Value Fund - ($26,527) Canada 0.02% S&P 500 TR CAD (BoC) - ($28,697) Other 0.73% CI American Value Fund Series I

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Apple Inc 6.09% 20,000 Microsoft Corp 4.81% Bank of America Corp 3.32% 15,000

UnitedHealth Group Inc 3.11% 10,000 Visa Inc 3.04% Applied Materials Inc 2.76% 5,000 AbbVie Inc 2.53% 0 Morgan Stanley 2.48% Home Depot Inc 2.26% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Alphabet Inc 2.23% (%) Fund -22.23 11.87 8.10 4.60 10.18 43.42 24.23 15.51 6.97 12.30 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

How the underlying fund is invested UNDERLYING FUND -> BlackRock CDN US Eq Idx Non-Tax D

Objective The BlackRock US Equity Index seeks to replicate the return and risk characteristics Composition of the S&P 500 Index Total Return. This is accomplished through careful analysis of the index’s United States Equity 94.03% construction and cost effective, risk-controlled trading techniques. The Fund uses a full replication Foreign Equity 3.27% methodology whereby it holds all stocks in their correct index weights. Cash & Equivalents 2.70% Managed by BlackRock Asset Management Canada Limited Fund managers Ed Corallo, Jennifer Hsui, Marsha Jong, Shaun Ong Inception date August 2005 Manulife inception date September 2006 Total assets $11,869.1 million Underlying fund operating expense (2016) Equity Industry 0.00851% Information Technology 23.21% Financials 14.39% Health Care 13.41% Consumer Discretionary 11.87% Industrials 9.92% Consumer Staples 7.98% Energy 5.92% Other 13.30% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 94.12% have been deducted. Canada 2.61% Ireland 1.63% United Kingdom 0.64% Switzerland 0.46% Singapore 0.45% Manulife BlackRock U.S. Equity Index Fund (Registered Plans Only) - ($28,804) Bermuda 0.09% S&P 500 TR CAD (BoC) - ($28,697)

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Apple Inc 3.71% 20,000 Microsoft Corp 2.82% Amazon.com Inc 2.00% 15,000 Facebook Inc 1.80% 10,000 Berkshire Hathaway Inc 1.63% Johnson & Johnson 1.60% 5,000 JPMorgan Chase & Co 1.58% 0 Exxon Mobil Corp 1.51% Alphabet Inc 1.35% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Alphabet Inc 1.34% (%) Fund -20.93 7.49 9.05 4.68 13.42 41.15 23.98 21.59 8.07 13.83 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to track the performance of the S&P 500 Total Return Medium Index ($ Cdn) within 0.25% annualized over 4 years.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Operating expenses are the costs of operating and maintaining a fund, and include items such as legal, audit, trustee, custodial, and fund valuation fees. Operating expenses are incurred by the Segregated Fund and by the Underlying Fund (if applicable). Manulife’s segregated fund operating expenses are included in the Investment Management Fees. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7851 / CEQTY Volatility meter Low High Manulife Canadian Equity Capped Index Fund (Manulife  Fund (7)  Benchmark (7) Asset Management) Based on 3 year standard deviation How the fund is invested Objective The objective of the Fund is to provide returns which closely track the total return of the S&P/TSX Capped Composite Index by investing primarily in equities with the intention of replicating the composition of the Index. Composition Managed by Manulife Asset Management Limited Canadian Equity 95.56% Canadian Fixed Income 1.48% Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team Cash & Equivalents 0.91% Inception date March 2001 United States Equity 0.31% Foreign Equity 0.17% Total assets $176.1 million Other 1.57%

Equity Industry Financials 33.79% Energy 19.14% Materials 11.15% Industrials 9.16% Consumer Discretionary 5.31% Telecommunication Services 4.61% Consumer Staples 3.57% Other 13.27% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 98.24% have been deducted. Bermuda 1.26% United States 0.34% Australia 0.09% United Kingdom 0.08% Manulife Canadian Equity Capped Index Fund (Manulife Asset Management) - ($15,155) S&P/TSX Composite TR - ($15,752) 15,000 Top holdings (As at December 31, 2017) Royal Bank of Canada 6.51% 10,000 Toronto-Dominion Bank 5.92% Bank of Nova Scotia 4.25% Enbridge Inc 3.62% 5,000 Canadian National Railway Co 3.38% Suncor Energy Inc 3.33% Bank of Montreal 2.84% 0 BCE Inc 2.37% Canadian Imperial Bank of Commerce 2.36% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD TransCanada Corp 2.34% (%) Fund -33.90 34.49 16.85 -9.61 6.82 12.93 10.47 -8.33 21.06 9.17 Benchmark -33.00 35.05 17.61 -8.71 7.19 12.99 10.55 -8.32 21.08 9.10

Value Core/Blend Growth Investment objective  Large Benchmark changed as at December 20, 2012. Over the long term, this fund is expected to Medium outperform the S&P/TSX Capped Composite Index.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7441 / CDDIV Volatility meter Low High Manulife MMF Canadian Dividend Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Canadian Dividend Growth Fund

Objective The MMF Canadian Dividend Fund is managed to provide both capital growth and Composition income. The Fund invests primarily in a diversified portfolio of dividend paying Canadian equities. Canadian Equity 67.19% United States Equity 17.46% Managed by Manulife Asset Management Limited Foreign Equity 3.90% Fund managers Standard Life Mutual Funds Ltd. (SLMF) Cash & Equivalents 3.47% Canadian Fixed Income 0.21% Inception date November 1994 Manulife inception date June 1998 Other 7.77% Total assets $933.1 million Underlying fund operating expense (2016) In IMF Equity Industry Financials 26.21% Energy 16.25% Industrials 9.66% Information Technology 5.99% Consumer Discretionary 5.89% Consumer Staples 5.87% Health Care 5.49% Other 24.64% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 71.08% have been deducted. United States 20.62% Bermuda 3.87% Ireland 2.94% Switzerland 0.96% Other 0.53% Manulife MMF Canadian Dividend Fund - ($16,455) SL Canadian Dividend Growth Index - ($15,404)

15,000 Top holdings within the underlying fund (As at December 31, 2017) Bank of Nova Scotia 6.41% Toronto-Dominion Bank 5.44% 10,000 Royal Bank of Canada 4.12% Enbridge Inc 3.44% Canadian Imperial Bank of Commerce 3.18% 5,000 Brookfield Infrastructure Partners LP 2.49% Canadian Natural Resources Ltd 2.41% 0 Microsoft Corp 2.22% Rogers Communications Inc 2.21% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Canadian National Railway Co 2.09% (%) Fund -31.96 24.76 9.03 1.79 7.19 20.59 9.06 0.13 12.73 9.76 Benchmark -33.07 35.05 17.60 -8.71 6.86 12.38 10.07 -7.87 19.98 8.65

Value Core/Blend Growth Investment objective  Large Benchmark changed as at December 20, 2012. Over the long term, this fund is expected to Medium outperform the S&P/TSX Capped Composite Index.

Small

All cap

How the underlying fund is invested UNDERLYING FUND -> Templeton International Equity Trust

Objective The Templeton International Equity Trust, an investment pool for non-taxable investors, Composition is managed to achieve long-term capital growth through a flexible policy of investing primarily in Foreign Equity 99.35% equity securities of companies listed on stock exchange of any nation other than Canada and the Other 0.65% U.S. Equity investments are selected on an issuer-by-issuer basis and may include investments in emerging markets. Managed by Franklin Templeton Investments Corp Fund managers Maarten Bloeman Inception date October 1990 Manulife inception date May 2008 Equity Industry Total assets $441.8 million Underlying fund operating expense (2016) Financials 20.48% 0.006% Health Care 14.54% Information Technology 11.81% Energy 11.78% Telecommunication Services 9.16% Materials 8.89% Industrials 8.22% Other 15.12% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United Kingdom 17.48% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 14.36% Manulife Fund’s inception date. Germany 10.01% France 8.48% Netherlands 6.81% Manulife Templeton International Equity Fund (Registered Plans Only) - ($15,694) China 6.73% MSCI EAFE TR CAD (BoC) - ($16,130) Switzerland 6.04% Templeton International Equity Trust - Series Institutional Other 30.09% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Samsung Electronics Co Ltd 2.67% BP PLC 2.18% 10,000 Royal Dutch Shell Plc B 2.17% Standard Chartered PLC 2.11% Suntory Beverage & Food Ltd 1.93% 5,000 HSBC Holdings PLC 1.82% UBS Group AG 1.79% 0 Roche Holding AG Par 1.76% BNP Paribas SA 1.74% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Telenor ASA 1.66% (%) Fund -31.18 16.77 0.52 -9.53 15.20 35.87 1.81 15.83 -1.10 16.41 Benchmark -29.43 13.21 2.83 -9.75 15.34 31.81 4.18 18.83 -1.52 17.36

Value Core/Blend Growth Investment objective  Large Fund is expected to outperform the MSCI EAFE Total Return Index ($ Cdn). Medium

Small

All cap

All rates of return are shown before investment management fees or taxes have been deducted. This fund invests primarily outside of North America. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7853 / EQTTP Volatility meter Low High Manulife Equity Tri-Plan Fund (Manulife Asset  Fund (9)  Benchmark (-) Management) Based on 3 year standard deviation How the fund is invested Objective The objective of the Fund is to provide long term capital growth by investing primarily in equities of issuers located in North America and listed on a recognized exchange. Composition Managed by Manulife Asset Management Limited Canadian Equity 52.58% Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team United States Equity 35.26% Inception date May 1996 Foreign Equity 10.06% Cash & Equivalents 1.39% Total assets $51.0 million Canadian Fixed Income 0.71%

Equity Industry Financials 24.06% Information Technology 20.55% Energy 12.84% Industrials 12.20% Health Care 10.39% Consumer Discretionary 9.37% Materials 3.76% Other 6.83% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 53.33% have been deducted. United States 36.61% Ireland 9.30% Switzerland 0.76% Manulife Equity Tri-Plan Fund (Manulife Asset Management) - ($16,491) Benchmark: NA - (-)

Top holdings 15,000 (As at December 31, 2017) Toronto-Dominion Bank 7.47% Canadian Natural Resources Ltd 4.09% 10,000 Oracle Corp 3.91% CGI Group Inc 3.79% Royal Bank of Canada 3.65% 5,000 Union Pacific Corp 3.46% Medtronic PLC 3.44% 0 Microsoft Corp 3.40% Suncor Energy Inc 3.19% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD CCL Industries Inc 3.00% (%) Fund -31.41 29.48 14.49 -8.55 9.58 20.17 10.22 2.29 6.07 12.62 Benchmark ------

Investment objective Over the long term, this fund is expected to outperform a benchmark comprised of the following: • 80% S&P/TSX Composite Index • 15% S&P/TSX 500 Index • 5% 30 day Treasury Bill

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Canadian Large Cap Equity Code 7442 / SMDVN Volatility meter Low High Manulife MMF Dividend Income Fund

 Fund (7)  Benchmark (7) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Canadian Dividend Income Fund

Objective The MMF Dividend Income Fund is managed to generate a combination of capital Composition growth and income. The Fund invests primarily in a diversified portfolio of high-yielding equity and Canadian Equity 67.48% equity-type securities. United States Equity 13.67% Cash & Equivalents 6.28% Managed by Manulife Asset Management Limited Foreign Equity 3.09% Fund managers Standard Life Mutual Funds Ltd. (SLMF) Canadian Fixed Income 1.56% Other 7.92% Inception date July 2007 Manulife inception date December 2013 Total assets $613.9 million Underlying fund operating expense (2016) In IMF Equity Industry Financials 25.67% Energy 14.02% Industrials 11.54% Consumer Staples 6.52% Information Technology 5.41% Consumer Discretionary 4.45% Utilities 4.04% Other 28.35% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 74.77% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United States 17.93% Manulife Fund’s inception date. Bermuda 3.69% Ireland 3.09% Other 0.52% Manulife MMF Dividend Income Fund - ($17,426) SL Dividend Income Benchmark - ($17,149) Manulife Canadian Dividend Income Fund

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Bank of Nova Scotia 5.70% Toronto-Dominion Bank 5.00% 10,000 Royal Bank of Canada 4.43% Enbridge Inc 3.17% Canadian Imperial Bank of Commerce 2.85% 5,000 Brookfield Infrastructure Partners LP 2.29% Rogers Communications Inc 2.23% 0 Canadian Pacific Railway Ltd 1.99% Canadian Natural Resources Ltd 1.97% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Microsoft Corp 1.92% (%) Fund -28.81 16.65 7.66 3.10 9.65 22.22 8.44 2.32 15.43 10.16 Benchmark -29.69 29.06 15.49 -6.29 7.86 16.30 12.04 -3.84 18.12 9.38

Value Core/Blend Growth Investment objective  Large Over the long term, this fund is expected to outperform a benchmark comprised of the following: Medium • 80% S&P/TSX Capped Composite • 15% S&P 500 Index (Can$) Small • 5% FTSE TMX Canada 91 Day T-Bill All cap

 Fund (15)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> AGF American Growth Class Series O

Objective The AGF American Growth Equity is managed to provide long-term capital growth. It Composition invests primarily in equity securities of established U.S. companies. United States Equity 96.59% Foreign Equity 1.92% Managed by AGF Investments Inc. Cash & Equivalents 1.49% Fund managers AGF Funds Inc. Inception date March 2003 Manulife inception date December 2014 Total assets $1,186.8 million Underlying fund operating expense (2016) In IMF Equity Industry Information Technology 28.93% Financials 16.58% Industrials 14.66% Consumer Discretionary 12.03% Health Care 8.69% Materials 5.29% Telecommunication Services 3.90% Other 9.92% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 96.59% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Singapore 1.92% Manulife Fund’s inception date. Other 1.49% Manulife AGF American Growth Equity - ($29,328) S&P 500 TR CAD (BoC) - ($28,697) AGF American Growth Class Series O 30,000 Top holdings within the underlying fund (As at December 31, 2017) 25,000

Amazon.com Inc 6.63% 20,000 NVIDIA Corp 5.50% Raymond James Financial Inc 4.09% 15,000 T-Mobile US Inc 3.90% 10,000 FedEx Corp 3.86% Charles Schwab Corp 3.56% 5,000 Costco Wholesale Corp 3.52% 0 Concho Resources Inc 3.39% TD Ameritrade Holding Corp 3.36% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Netflix Inc 3.28% (%) Fund -32.91 19.50 17.60 -1.55 15.67 49.35 15.88 26.46 4.50 19.43 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (12)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager International Equity

Composition Objective The Fund invests in three to five equally weighted sub-funds with each sub-fund Foreign Equity 95.08% investing primarily in International equity securities. The Fund’s primary objective is to provide Canadian Equity 2.27% investors access to best-in-class active International equity managers while maintaining an overall Cash & Equivalents 1.73% United States Equity 0.53% core International equity exposure. Other 0.39% Managed by Manulife Asset Management Limited Fund managers MFS Investment Mgmt - Mgmt. Team, Manulife Asset Mgmt (Tor)-Mgmt Team, Mawer Investment - Mgmt Team Equity Industry Inception date July 2007 Manulife inception date July 2013 Financials 19.49% Total assets $74.2 million Underlying fund operating expense (2016) Consumer Staples 15.16% 0.04473% Industrials 14.80% Information Technology 11.04% Consumer Discretionary 10.59% Health Care 10.05% Materials 8.88% Other 9.99% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United Kingdom 17.02% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 14.48% Manulife Fund’s inception date. France 11.01% Germany 9.66% Switzerland 8.95% Manulife Multi-Manager International Equity Fund - ($20,179) Netherlands 5.07% MSCI EAFE TR CAD (BoC) - ($16,130) Canada 3.54% Multi-Manager International Equity Fund Other 30.27% 20,000 Top holdings within the underlying fund (As at December 31, 2017) Manulife International Value Equity Srs F 34.66% 15,000 MFS International Equity II 32.84% Mawer International Equity Pooled 32.38% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -26.23 19.77 8.62 -7.26 19.48 25.27 6.60 19.33 -0.73 19.96 Benchmark -29.43 13.21 2.83 -9.75 15.34 31.81 4.18 18.83 -1.52 17.36

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund strives to outperform the MSCI EAFE ($ Cdn) Index. Medium

Small

All cap

 Fund (10)  Benchmark (12) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BMO Asset Management Small Cap Fund

Objective The BMO AM Canadian Small-Cap Equity Fund is managed to invest in a portfolio Composition of small cap growth companies with significant capital appreciation potential. The Fund return Canadian Equity 86.75% objective is to outperform the BMO Capital Markets SmallCap Index (Blended) on a four year Cash & Equivalents 2.51% moving average basis. Foreign Equity 1.01% Other 9.73% Managed by BMO Investments Inc Fund managers BMO Asset Management Inc. Inception date January 1996 Manulife inception date July 2010 Total assets $155.7 million Underlying fund operating expense (2016) Equity Industry 0.37% Energy 17.19% Materials 14.87% Industrials 13.11% Information Technology 10.66% Consumer Discretionary 9.52% Real Estate 8.91% Financials 6.50% Other 19.24% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Canada 94.80% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Bermuda 3.87% Manulife Fund’s inception date. United Kingdom 1.01% Other 0.32% Manulife BMO AM Canadian Small-Cap Equity Fund - ($22,162) Custom BM BMO Nesbitt Burns Cdn Small Cap Index - ($15,230) BMO Asset Management Small Cap Fund

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Tricon Capital Group Inc 4.13% 15,000 Boyd Group Income Fund 4.06%

Brookfield Business Partners LP 3.88% 10,000 StorageVault Canada Inc 3.31% Parkland Fuel Corp 3.16% 5,000 People Corp 2.88% ECN Capital Corp 2.81% 0 Winpak Ltd 2.77% Real Matters Inc 2.66% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Altus Group Ltd 2.63% (%) Fund -44.00 58.55 38.67 -15.65 12.45 39.67 14.91 -2.93 12.89 8.32 Benchmark -46.61 75.10 38.53 -14.17 2.46 7.76 -0.09 -13.75 35.39 6.38

Value Core/Blend Growth Investment objective Large Benchmark changed as at March 31, 2015. Over the long term, this fund is expected to outperform Medium the S&P/TSX Small Cap Index.  Small All cap

 Fund (11)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Sprucegrove International Equity Fund

Objective The objective of the Fund is to provide clients with above average investment Composition performance and superior service over the long-term. The strategy employs a value approach to Foreign Equity 97.36% the management of equities. It emphasizes long-term investment and it focuses on the selection of Cash & Equivalents 2.64% individual securities using a bottom-up, research driven approach. Country and sector exposures are a residual of this stock selection process. Managed by Sprucegrove Investment Management Ltd Fund managers Shirley Woo, Craig A. Merrigan, Erik Parnoja Inception date April 1985 Manulife inception date August 2005 Equity Industry Total assets $4,339.9 million Underlying fund operating expense (2016) Industrials 16.26% 0.0326% Materials 16.15% Consumer Discretionary 14.22% Financials 14.00% Information Technology 10.51% Energy 10.13% Consumer Staples 6.90% Other 11.83% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United Kingdom 19.80% have been deducted. Japan 13.22% Switzerland 10.09% Netherlands 7.78% Hong Kong 6.53% Singapore 6.22% Manulife Sprucegrove International Equity Fund - ($18,574) France 4.66% MSCI EAFE TR CAD (BoC) - ($16,130) Other 31.70%

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Royal Dutch Shell Plc B 2.71% Novartis AG 2.48% 10,000 United Overseas Bank Ltd 2.47% Total SA 2.45% Denso Corp 2.36% 5,000 The Swatch Group AG 2.30% Honda Motor Co Ltd 2.22% 0 Compagnie Financiere Richemont SA 2.19% Koninklijke Boskalis Westminster NV 2.18% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Posco DR 2.11% (%) Fund -28.11 17.03 12.54 -8.44 15.15 25.50 5.20 9.12 7.94 19.66 Benchmark -29.43 13.21 2.83 -9.75 15.34 31.81 4.18 18.83 -1.52 17.36

Value Core/Blend Growth Investment objective  Large The Fund is expected to provide an above average investment over a full business cycle compared Medium with the MSCI EAFE Index.

Small

All cap

All rates of return are shown before investment management fees or taxes have been deducted. This fund invests primarily outside of North America. Source: Lipper, a Thomson Reuters company Canadian Small/Mid Cap Equity Code 7662 / SMCAP Volatility meter Low High Manulife Asset Management Canadian Small-Cap Equity  Fund (10)  Benchmark (14) Fund Based on 3 year standard deviation How the fund is invested Objective The objective of the Fund is to provide capital appreciation by investing primarily in equity securities of small capitalization Canadian entreprises. Composition Managed by Manulife Asset Management Limited Canadian Equity 82.80% Fund managers Manulife Asset Mgmt (Tor)-Mgmt Team Cash & Equivalents 3.63% Inception date October 1996 United States Equity 2.46% Foreign Equity 2.00% Total assets $185.7 million Canadian Fixed Income 0.26% Other 8.85%

Equity Industry Energy 21.49% Materials 17.73% Industrials 14.67% Information Technology 8.73% Consumer Discretionary 6.28% Utilities 4.92% Financials 4.52% Other 21.66% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 94.81% have been deducted. United States 3.20% Taiwan 2.00%

Manulife Asset Management Canadian Small-Cap Equity Fund - ($15,541) Custom Bissett Small Cap Index - ($14,316) 15,000 Top holdings (As at December 31, 2017) Parex Resources Inc 4.64% 10,000 Richelieu Hardware Ltd 4.42% Chemtrade Logistics Income Fund 3.91% Kirkland Lake Gold Ltd 3.67% 5,000 Interfor Corp 3.23% Algonquin Power & Utilities Corp 2.83% Descartes Systems Group Inc 2.64% 0 Linamar Corp 2.48% Kinaxis Inc 2.28% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Boyd Group Income Fund 2.24% (%) Fund -40.86 46.67 21.68 -18.36 6.06 33.78 10.16 -0.30 10.75 4.49 Benchmark -46.60 75.11 38.51 -14.15 -0.77 7.60 -2.20 -13.34 38.48 2.75

Value Core/Blend Growth Investment objective Large Over the long term, the Fund is expected to outperform the BMO Nesbitt Burns Canadian Small Cap Medium Index.

 Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company U.S. Large Cap Equity Code 8871 / USBMO Volatility meter Low High Manulife BMOAM US Equity Fund

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BMO U.S. Equity Fund - I

Objective The BMOAM US Equity Fund is managed to increase the value of the Fund over the long Composition term by investing in equities of well-established U.S. companies that may be undervalued by the United States Equity 98.16% marketplace. Cash & Equivalents 1.20% Foreign Equity 0.63% Managed by BMO Asset Management Corp Other 0.01% Fund managers BMO Asset Management Inc. Inception date May 2010 Manulife inception date May 2012 Total assets $2,865.6 million Underlying fund operating expense (2016) 0.08% Equity Industry Information Technology 19.31% Financials 17.23% Health Care 13.81% Industrials 12.29% Consumer Discretionary 10.81% Consumer Staples 6.04% Utilities 5.74% Other 14.77% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 98.75% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 0.63% Manulife Fund’s inception date. Canada 0.62% Manulife BMOAM US Equity Fund - ($34,308) S&P 500 TR CAD (BoC) - ($32,864) BMO U.S. Equity Fund - I

Top holdings within the underlying fund 30,000 (As at December 31, 2017) Apple Inc 4.45% 25,000 Alphabet Inc 3.15% 20,000 Microsoft Corp 3.10% 15,000 Chevron Corp 2.79% Wells Fargo & Co 2.79% 10,000 Pfizer Inc 2.67% 5,000 Wal-Mart Stores Inc 2.64% 0 Citigroup Inc 2.52% AbbVie Inc 2.50% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Comcast Corp 2.45% (%) Fund - - - 7.53 11.93 40.71 27.12 18.78 7.50 17.06 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (10)  Benchmark (12) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager Canadian Small Cap Equity Fund

Objective The Fund invests in three to five equally weighted sub-funds with each sub-fund Composition primarily investing in Canadian small-cap equity securities. The Fund’s primary objective is to provide Canadian Equity 95.36% investors access to best-in-class active Canadian small cap equity. United States Equity 0.56% Cash & Equivalents 0.47% Managed by Manulife Asset Management Limited Foreign Equity 0.27% Fund managers Foyston, Gordon and Payne- Mgmt Team, Franklin Templeton - Mgmt. Team, Other 3.34% Montrusco Bolton Invsts. Inc - Mgmt Team Inception date June 2003 Manulife inception date November 1998 Total assets $9.8 million Equity Industry Energy 23.96% Consumer Discretionary 16.07% Industrials 15.23% Materials 14.95% Financials 11.79% Information Technology 5.35% Real Estate 3.29% Other 9.36% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Canada 97.28% have been deducted. Bermuda 0.99% United States 0.56% United Kingdom 0.27% Other 0.90% Manulife Small Cap Portfolio Fund (Multi-Manager) - ($19,267) Custom BM BMO Nesbitt Burns Cdn Small Cap Index - ($15,230)

Top holdings within the underlying fund (As at December 31, 2017) 15,000 FGP Small Cap Canadian Equity Fund 40.23% Frk Bis Small Cap Fund-O 32.42% BMO Asset Management Small Cap 28.68% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -41.16 54.91 29.70 -17.14 9.20 36.65 12.56 -1.56 11.83 6.38 Benchmark -46.61 75.10 38.53 -14.17 2.46 7.76 -0.09 -13.75 35.39 6.38

Value Core/Blend Growth Investment objective Large Over the long term, the Fund is expected to outperform the BMO Nesbitt Burns Canadian Small Cap Medium Index.

 Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company U.S. Large Cap Equity Code 8632 / USEBG Volatility meter Low High Manulife US Equity Fund (Beutel Goodman)

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Beutel Goodman American Equity Fund Series I

Objective This Fund seeks long-term enhancement of capital primarily through investments in Composition common stocks and other equity securities of American issuers. United States Equity 89.97% Foreign Equity 6.61% Managed by Beutel, Goodman & Company Ltd. Cash & Equivalents 3.42% Fund managers Beutel, Goodman & Company Ltd Inception date April 2005 Manulife inception date June 2005 Total assets $1,396.6 million

Equity Industry Health Care 15.05% Information Technology 14.41% Consumer Discretionary 13.71% Industrials 13.52% Financials 13.01% Consumer Staples 11.04% Telecommunication Services 6.79% Other 12.47% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 91.51% have been deducted. Ireland 6.61% Canada 1.88%

Manulife US Equity Fund (Beutel Goodman) - ($34,692) S&P 500 TR CAD (BoC) - ($28,697)

Top holdings within the underlying fund 30,000 (As at December 31, 2017) Verizon Communications Inc 6.79% 25,000 Parker-Hannifin Corp 6.23% 20,000 AmerisourceBergen Corp 6.05% 15,000 Autozone Inc 5.83% Ingersoll-Rand PLC 5.63% 10,000 Oracle Corp 5.53% 5,000 Amdocs Ltd 5.24% 0 Kellogg Co 5.09% LyondellBasell Industries NV 4.96% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Omnicom Group Inc 4.91% (%) Fund -9.56 7.29 7.75 4.88 15.47 41.41 26.02 17.11 15.08 14.09 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company U.S. Large Cap Equity Code 8660 / USHSL Volatility meter Low High Manulife Asset Management Hedged US Equity Index Fund

 Fund (10)  Benchmark (10) Based on 3 year standard deviation How the fund is invested Objective The Manulife Asset Management Hedged US Equity Index Fund is managed to provide returns that closely track the return of the S&P 500 Hedged Canadian Dollar Total Return Index by investing primarily in units of Standard Life US Equity Direct Index Registered Fund (SLI) and Composition converting U.S. dollar exposure into Canadian dollar exposure. United States Equity 93.88% Foreign Equity 3.36% Managed by Manulife Asset Management Limited Cash & Equivalents 2.76% Fund managers Standard Life Investments Inc. Inception date July 2010 Total assets $53.2 million Underlying fund operating expense (2016) In IMF Equity Industry Information Technology 23.36% Financials 14.35% Health Care 13.67% Consumer Discretionary 11.78% Industrials 9.81% Consumer Staples 7.90% Energy 5.67% Other 13.46% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 96.56% have been deducted. Ireland 1.64% United Kingdom 0.66% Singapore 0.48% Switzerland 0.48% Bermuda 0.09% Manulife Asset Management Hedged US Equity Index Fund - ($27,932) Canada 0.08% MAM S&P 500 TR (CAD hedged) - ($29,470) Other 0.01%

Top holdings 25,000 (As at December 31, 2017) MAM US Equity Index Pooled Fund 99.92% 20,000

15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund - - - 1.73 15.87 33.07 14.38 0.31 11.44 21.30 Benchmark -36.82 24.29 13.26 1.31 15.53 32.26 13.50 0.91 11.56 21.72

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Composite Total Return Index Medium (Hedged - $CA).

Small

All cap

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Mawer U.S. Equity Fund - O

Objective The objective of the Mawer U.S. Equity Fund is to invest for above-average long- Composition term rates of return from both capital gains and dividend income from common shares of U.S. United States Equity 93.56% companies. Treasury bills or short-term investments, not exceeding three years to maturity, may also Foreign Equity 4.23% be used from time to time. Cash & Equivalents 2.20% Other 0.01% Managed by Mawer Investment Management Ltd. Fund managers Grayson Witcher Inception date December 2004 Manulife inception date March 2013 Total assets $2,963.7 million Equity Industry Information Technology 25.33% Financials 20.33% Consumer Discretionary 15.50% Health Care 15.28% Industrials 11.99% Materials 4.17% Telecommunication Services 2.59% Other 4.81% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 95.55% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 2.66% Manulife Fund’s inception date. Ireland 1.58% Canada 0.13% Other 0.08% Manulife US Equity Fund (Mawer) - ($29,289) S&P 500 TR CAD (BoC) - ($28,697) Mawer US Equity Fund - Series O 30,000 Top holdings within the underlying fund (As at December 31, 2017) 25,000

Becton Dickinson and Co 4.52% 20,000 Marsh & McLennan Companies Inc 4.04% Comcast Corp 3.97% 15,000 Alphabet Inc 3.95% 10,000 Mastercard Inc 3.78% Verisk Analytics Inc 3.77% 5,000 ANSYS Inc 3.45% 0 LKQ Corp 3.39% Visa Inc 3.10% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD JPMorgan Chase & Co 2.90% (%) Fund -13.20 3.65 7.09 5.64 13.24 43.29 22.17 19.65 6.66 14.04 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large The performance benchmark is the S&P 500 Index (C$). The performance goal is to exceed the S&P Medium 500 Index by at least 2% over 4-year moving time periods.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company U.S. Large Cap Equity Code 8121 / USETH Volatility meter Low High Manulife Ethical SRI American Equity Fund

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> NEI Ethical American Multi-Strategy Fund Series I

Objective The Ethical SRI American Equity Fund aims to increase the value of the investment over Composition the long term by investing mostly in the common shares of a wide variety of companies listed on United States Equity 86.52% North American stock exchanges. It follows a socially responsible approach to investing. Foreign Equity 7.39% Cash & Equivalents 4.72% Managed by AllianceBernstein Canada, Inc. Canadian Equity 1.38% Fund managers Northwest Ethical Investments LP Inception date December 1998 Manulife inception date September 2001 Total assets $67.6 million Underlying fund operating expense (2016) 0.08% Equity Industry Information Technology 30.66% Consumer Discretionary 15.74% Financials 13.56% Health Care 12.10% Consumer Staples 10.16% Materials 4.12% Industrials 3.02% Other 10.64% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 86.58% have been deducted. Canada 6.03% Bermuda 3.31% Netherlands 1.96% Israel 1.31% United Kingdom 0.81% Manulife Ethical SRI American Equity Fund - ($26,974) S&P 500 TR CAD (BoC) - ($28,697)

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Microsoft Corp 3.88% 20,000 Oracle Corp 2.91% Total System Services Inc 2.73% 15,000

UnitedHealth Group Inc 2.60% 10,000 Apple Inc 2.55% Comcast Corp 2.50% 5,000 PepsiCo Inc 2.20% 0 Tyson Foods Inc 2.16% Texas Instruments Inc 2.13% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Home Depot Inc 2.11% (%) Fund -20.38 20.35 11.10 0.13 12.74 38.76 22.90 17.70 2.00 9.63 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Investment objective Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn).

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> GE Institutional U.S. Equity Fund Class I

Objective The GEAM US Equity Fund is managed to provide long term capital growth. The Fund Composition invests primarily in equity securities of U.S. companies. The Fund’s portfolio has characteristics United States Equity 89.15% similar to the Standard & Poor’s Composite Stock Index (S&P 500 Index) Foreign Equity 7.13% Cash & Equivalents 1.60% Managed by GE Asset Management Inc Canadian Equity 0.04% Fund managers GE Asset Management Other 2.08% Inception date February 2011 Manulife inception date January 1997 Total assets $236.6 million Underlying fund operating expense (2016) 0.37% Equity Industry Information Technology 25.15% Financials 15.52% Health Care 14.67% Consumer Discretionary 12.90% Industrials 8.52% Energy 6.05% Consumer Staples 5.45% Other 11.74% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 89.15% have been deducted. Ireland 4.31% Singapore 1.76% United Kingdom 0.46% Switzerland 0.38% Luxembourg 0.14% Manulife State Street U.S. Equity Fund - ($27,121) Bermuda 0.08% S&P 500 TR CAD (BoC) - ($28,697) Other 3.72%

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Apple Inc 3.70% 20,000 Microsoft Corp 3.44% JPMorgan Chase & Co 3.34% 15,000

Visa Inc 2.92% 10,000 Pfizer Inc 2.69% PepsiCo Inc 2.58% 5,000 Facebook Inc 2.41% 0 Alphabet Inc 2.26% Amazon.com Inc 2.19% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Goldman Sachs Group Inc 1.93% (%) Fund -20.14 13.29 5.20 -0.03 14.08 43.90 23.73 17.03 6.56 12.52 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Guardian US Equity Series I

Objective The Guardian US Equity Fund is managed to achieve long-term capital appreciation Composition through investment in equity and equity-related securities of issuers whose principal business United States Equity 95.16% operations are located in the United States. Foreign Equity 2.29% Cash & Equivalents 0.52% Managed by Guardian Capital LP Other 2.03% Fund managers Guardian Capital LP Inception date March 2011 Manulife inception date May 1999 Total assets $15.0 million Underlying fund operating expense (2016) 0.22% Equity Industry Information Technology 26.14% Health Care 16.25% Consumer Discretionary 14.25% Financials 12.31% Industrials 9.76% Consumer Staples 9.12% Materials 3.35% Other 8.82% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 97.56% have been deducted. United Kingdom 1.24% Ireland 1.05% Canada 0.15% Manulife Guardian US Equity Fund - ($23,612) S&P 500 TR CAD (BoC) - ($28,697)

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Apple Inc 3.85% 20,000 Amazon.com Inc 3.06% Alphabet Inc 2.91% 15,000

Facebook Inc 2.86% 10,000 Microsoft Corp 2.59% Intel Corp 2.06% 5,000 UnitedHealth Group Inc 1.96% 0 Altria Group Inc 1.78% JPMorgan Chase & Co 1.62% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD AbbVie Inc 1.50% (%) Fund -23.48 3.20 13.01 0.71 9.67 35.85 21.69 21.14 5.27 13.63 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large The Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> JF U.S. Equity Fund

Objective The Jarislowsky Fraser US Equity Fund is managed to provide capital appreciation while Composition maintaining a controlled level of risk for this asset category. United States equity 99.40% Cash & equivalents 0.60% Managed by Jarislowsky Fraser Limited Fund managers Jarislowsky Fraser Limited Inception date November 1998 Manulife inception date September 1999 Total assets $512.1 million Underlying fund operating expense (2016) 0.0041% Equity Industry Information Technology 24.10% Financials 18.20% Health Care 18.10% Consumer Staples 16.20% Consumer Discretionary 9.30% Industrials 8.50% Energy 5.60% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at December 31, 2017) Microsoft Corporation 6.20% Berkshire Hathaway Inc., Class B 4.80% JPMorgan Chase & Co. 4.20% Manulife Jarislowsky Fraser US Equity Fund - ($27,637) S&P 500 TR CAD (BoC) - ($28,697) Alphabet Inc. Class A 3.60% Comcast Corporation, Class A 3.60% Oracle Corporation 3.20% 25,000 Verisk Analytics, Inc., Class A 3.10% 20,000 Alphabet Inc. Class C 3.00% CVS Caremark Corporation 2.90% 15,000 DaVita HealthCare Partners Inc 2.90% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -16.42 4.42 6.20 3.84 14.34 41.91 23.65 24.18 6.14 8.60 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MFS U.S. Equity Core Fund

Objective Seeks to provide capital appreciation through an actively managed, diversified portfolio Composition of primarily U.S. companies, purchased at reasonable prices. United States Equity 81.32% Foreign Equity 13.24% Managed by MFS Investment Management Canada Ltd. Canadian Equity 1.90% Fund managers David Mannheim, Roger Morley Cash & Equivalents 1.39% Other 2.15% Inception date March 2012 Manulife inception date October 1999 Total assets $695.4 million

Equity Industry Information Technology 27.43% Health Care 15.11% Financials 14.71% Consumer Discretionary 12.26% Consumer Staples 9.59% Industrials 6.50% Materials 4.04% Other 10.36% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 84.21% have been deducted. France 4.35% Ireland 4.20% Canada 2.55% Singapore 2.47% Switzerland 1.18% Manulife American Equity Fund (MFS) - ($26,303) United Kingdom 1.03% S&P 500 NR - ($26,893) Other 0.01% 25,000 Top holdings within the underlying fund (As at December 31, 2017) JPMorgan Chase & Co 3.86% 20,000 Bank of America Corp 3.12% 15,000 Visa Inc 3.07% Alphabet Inc 3.00% 10,000 Thermo Fisher Scientific Inc 2.77% American Tower Corp 2.57% 5,000 Broadcom Ltd 2.47% 0 Alphabet Inc 2.40% Cognizant Technology Solutions Corp 2.36% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Comcast Corp 2.26% (%) Fund -21.82 11.60 4.37 -1.68 15.16 41.60 21.49 20.99 5.45 16.23 Benchmark -21.76 6.62 8.40 3.99 12.66 40.37 23.17 20.83 7.38 13.15

Value Core/Blend Growth Investment objective  Large Benchmark changed as at March 24 , 2014. Over the long term, this fund is expected to outperform Medium the S&P 500 Gross Index C$.

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company U.S. Large Cap Equity Code 8664 / USDIR Volatility meter Low High Manulife Asset Management US Equity Direct Index  Fund (12)  Benchmark (12) Registered Fund Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MAM US Equity Index Pooled Fund

Objective The Manulife Asset Management US Equity Direct Index Registered Fund is managed to Composition provide returns that closely track the total return of the Standard & Poor’s 500 Index by investing United States Equity 94.39% primarily in equities with the intention of replicating the composition of the Index. Foreign Equity 3.28% Cash & Equivalents 2.34% Managed by Manulife Asset Management Limited Fund managers Standard Life Investments Inc. Inception date January 1998 Manulife inception date May 1999 Total assets $1,225.0 million Underlying fund operating expense (2016) In IMF Equity Industry Information Technology 23.30% Financials 14.45% Health Care 13.45% Consumer Discretionary 11.93% Industrials 9.95% Consumer Staples 8.01% Energy 5.94% Other 12.97% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 96.72% have been deducted. Ireland 1.64% United Kingdom 0.64% Switzerland 0.46% Singapore 0.45% Bermuda 0.09% Manulife Asset Management US Equity Direct Index Registered Fund - ($28,563) MAM US Equity Direct Index Benchmark - ($28,669)

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Apple Inc 3.72% 20,000 Microsoft Corp 2.83% Amazon.com Inc 2.00% 15,000

Facebook Inc 1.80% 10,000 Berkshire Hathaway Inc 1.63% Johnson & Johnson 1.61% 5,000 JPMorgan Chase & Co 1.59% 0 Exxon Mobil Corp 1.52% Alphabet Inc 1.35% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Alphabet Inc 1.34% (%) Fund -21.95 8.14 9.47 4.37 13.43 41.48 23.96 20.86 8.40 13.67 Benchmark -21.92 8.08 9.63 4.41 13.48 41.53 24.00 20.95 8.24 13.82

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

 Fund (10)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife U.S. Dividend Income Fund

Objective The MMF US Dividend Growth Fund is managed to achieve a combination of capital Composition growth and income. The Fund invests in a diversified portfolio of high-quality, high-yielding U.S. United States Equity 71.59% equity and equity-type investments. Cash & Equivalents 19.79% Canadian Equity 4.96% Managed by Manulife Asset Management Limited Foreign Equity 1.51% Fund managers Standard Life Mutual Funds Ltd. (SLMF) Other 2.15% Inception date July 2007 Manulife inception date December 2013 Total assets $613.0 million Underlying fund operating expense (2016) In IMF Equity Industry Information Technology 15.71% Financials 15.30% Industrials 14.48% Consumer Staples 10.48% Consumer Discretionary 7.49% Health Care 6.47% Materials 4.91% Other 25.16% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 90.96% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Canada 4.96% Manulife Fund’s inception date. Bermuda 2.08% Belgium 0.55% Ireland 0.48% Manulife MMF US Dividend Growth Fund - ($24,300) Other 0.97% SL US Dividend Growth Benchmark - ($28,357) Manulife U.S. Dividend Income Fund

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Waste Connections Inc 2.82% 20,000 US Bancorp 2.76% 15,000 Visa Inc 2.54% Texas Instruments Inc 2.48% 10,000 Fortive Corp 2.19% Ametek Inc 2.15% 5,000 S&P Global Inc 2.12% 0 Bank of New York Mellon Corp 2.08% PepsiCo Inc 2.03% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Mastercard Inc 2.00% (%) Fund -16.66 -1.89 4.40 4.28 8.78 33.26 26.07 19.83 7.73 15.71 Benchmark -19.55 8.07 9.17 4.72 13.35 39.83 23.26 20.97 8.61 11.15

Investment objective Benchmark changed as at December 30, 2014. Over the long term, this fund is expected to outperform the S&P 500.

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Standard Life US Equity

Objective The objective of the Fund is to provide long term capital growth by investing primarily in Composition equities listed on a recognized U.S. exchange. United States Equity 94.62% Foreign Equity 4.56% Managed by Manulife Asset Management Limited Cash & Equivalents 0.71% Fund managers Standard Life Investments (UK) Limited Other 0.11% Inception date April 1995 Manulife inception date April 1995 Total assets -

Equity Industry Information Technology 25.67% Financials 20.44% Health Care 16.30% Consumer Discretionary 15.37% Industrials 11.88% Materials 4.20% Telecommunication Services 2.79% Other 3.35% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 95.19% have been deducted. United Kingdom 2.84% Ireland 1.72% Canada 0.13% Other 0.12% Manulife SLI US Equity Fund - ($28,254) S&P 500 TR CAD (BoC) - ($28,697)

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Becton Dickinson and Co 4.84% 20,000 Marsh & McLennan Companies Inc 4.22% Verisk Analytics Inc 3.85% 15,000

Mastercard Inc 3.81% 10,000 Alphabet Inc 3.79% Comcast Corp 3.74% 5,000 ANSYS Inc 3.60% 0 LKQ Corp 3.35% Visa Inc 3.12% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD CME Group Inc 2.97% (%) Fund -20.02 7.12 7.83 2.68 15.68 42.16 24.97 23.08 3.64 13.62 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company U.S. Large Cap Equity Code 8859 / USEI Volatility meter Low High Manulife US Equity Index Fund (Manulife Asset  Fund (12)  Benchmark (12) Management) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MAM US Equity Index Pooled Fund

Objective The objective of the Fund is to provide returns that closely track the total return of the Composition Standard & Poor’s 500 Index by investing primarily in equities with the intention of replicating the United States Equity 94.39% composition of the Index. Foreign Equity 3.28% Cash & Equivalents 2.34% Managed by Manulife Asset Management Limited Fund managers Mark A. Schmeer Inception date January 1998 Manulife inception date September 1998 Total assets $1,225.0 million Equity Industry Information Technology 23.30% Financials 14.45% Health Care 13.45% Consumer Discretionary 11.93% Industrials 9.95% Consumer Staples 8.01% Energy 5.94% Other 12.97% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 96.72% have been deducted. Ireland 1.64% United Kingdom 0.64% Switzerland 0.46% Singapore 0.45% Bermuda 0.09% Manulife US Equity Index Fund (Manulife Asset Management) - ($27,747) BM: MAM US Equity index (Net 15% withholding tax) - ($27,672)

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Apple Inc 3.72% 20,000 Microsoft Corp 2.83% 15,000 Amazon.com Inc 2.00% Facebook Inc 1.80% 10,000 Berkshire Hathaway Inc 1.63% Johnson & Johnson 1.61% 5,000 JPMorgan Chase & Co 1.59% 0 Exxon Mobil Corp 1.52% Alphabet Inc 1.35% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Alphabet Inc 1.34% (%) Fund -22.19 7.71 9.18 4.06 13.07 41.09 23.60 20.48 8.23 13.32 Benchmark -22.87 8.73 8.56 4.08 13.14 41.08 23.63 20.58 8.27 13.34

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the S&P 500, net of 15% withholding tax Medium ($ Cdn).

Small

All cap

Note: All rates of return are shown before investment management fees or taxes have been deducted. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect the future values or returns in the Fund. Source: Lipper, a Thomson Reuters company Specialty Code 8326 / EMXBR Volatility meter Low High Manulife BlackRock Emerging Markets Index Fund

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock Canadian Emerging Markets Index Class D

Objective The BlackRock Emerging Markets Index Fund is managed to achieve a return equal to Composition the total return of the MSCI Emerging Markets Index with net dividends reinvested on an unhedged Foreign Equity 98.88% basis. Cash & Equivalents 0.42% United States Equity 0.42% Managed by BlackRock Asset Management Canada Limited Other 0.28% Fund managers BlackRock Asset Management Canada Limited Inception date April 2014 Manulife inception date June 2014 Total assets $60.3 million Underlying fund operating expense (2016) 0.27622% Equity Industry Information Technology 27.51% Financials 23.29% Consumer Discretionary 10.19% Materials 7.29% Energy 6.73% Consumer Staples 6.57% Industrials 5.24% Other 13.18% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management China 25.15% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Korea 15.29% Manulife Fund’s inception date. Taiwan 11.21% India 8.69% South Africa 6.94% Manulife BlackRock Emerging Markets Index Fund - ($14,397) Brazil 6.80% MSCI EM (Emerging Markets) NR CAD - ($14,483) Hong Kong 4.08% BlackRock Canadian Emerging Markets Index Class D Other 21.84% 14,000 Top holdings within the underlying fund (As at December 31, 2017) 12,000 Tencent Holdings Ltd 5.41% 10,000 Samsung Electronics Co Ltd 4.25% 8,000 Alibaba Group Holding Ltd DR 3.67% Taiwan Semiconductor Manufacturing Co Ltd 3.47% 6,000 Naspers Ltd 2.24% 4,000 China Construction Bank Corp 1.42% 2,000 Baidu Inc DR 1.19% 0 China Mobile Ltd 1.15% Industrial and Commercial Bank of China Ltd 1.09% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Ping An Insurance Group Co of China Ltd 0.99% (%) Fund ------1.73 7.18 27.85 Benchmark -41.63 51.59 12.67 -16.40 15.61 3.93 6.63 2.04 7.34 28.26

Investment objective Over the long term, the Fund strives to outperform the MSCI EAFE ($ Cdn) Index.

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Synergy American Fund (Class I units)

Objective The CI Synergy American Equity Fund is managed to obtain long-term appreciation of Composition capital. It invests primarily in equity and equity-related securities of companies that the portfolio United States Equity 92.60% advisor believes have good growth potential. These companies are located in countries that have Cash & Equivalents 4.07% signed the North American Free Trade Agreement (NAFTA). Foreign Equity 2.00% Canadian Equity 1.32% Managed by Picton Mahoney Asset Management Other 0.01% Fund managers CI Investments - Synergy Inception date December 2001 Manulife inception date July 2009 Total assets $146.1 million Underlying fund operating expense (2016) Equity Industry In IMF Information Technology 22.48% Financials 17.63% Health Care 13.58% Industrials 10.77% Consumer Discretionary 9.81% Energy 6.09% Consumer Staples 5.38% Other 14.26% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 93.32% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Canada 4.68% Manulife Fund’s inception date. Bermuda 0.79% Ireland 0.77% United Kingdom 0.44% Manulife CI Synergy American Equity Fund - ($24,742) S&P 500 TR CAD (BoC) - ($28,697) Synergy American Fund (Class I units)

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Apple Inc 3.83% 20,000 Microsoft Corp 3.23% Alphabet Inc 2.73% 15,000

UnitedHealth Group Inc 2.65% 10,000 Zoetis Inc 2.24% JPMorgan Chase & Co 2.18% 5,000 Bank of America Corp 2.14% 0 NextEra Energy Inc 2.09% Salesforce.com Inc 2.03% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Amazon.com Inc 1.89% (%) Fund -23.80 7.57 10.37 0.29 12.23 43.50 19.87 18.87 3.82 14.44 Benchmark -21.92 8.08 9.35 4.41 13.48 41.53 24.00 20.95 8.62 13.83

Value Core/Blend Growth Investment objective Large Over the long term, the Fund is expected to outperform the S&P 500 Total Return Index ($ Cdn). Medium

Small  All cap

 Fund (10)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Multi-Manager Global Equity

Composition Objective The Fund invests in three to five equally weighted sub-funds with each sub-fund Foreign Equity 51.56% investing primarily in Global equity securities. The Fund’s primary objective is to provide investors United States Equity 43.29% access to best-in-class active Global equity managers while maintaining an overall core Global equity Canadian Equity 2.78% Cash & Equivalents 1.76% exposure. Other 0.61% Managed by Manulife Asset Management Limited Fund managers MFS Invest Management - Management Team, Mawer Investment - Mgmt Team, Sprucegrove Investment - Mgmt. Team Equity Industry Inception date November 2009 Manulife inception date July 2013 Financials 18.84% Total assets $87.5 million Underlying fund operating expense (2016) Information Technology 16.58% 0.03353% Industrials 15.30% Consumer Discretionary 12.15% Consumer Staples 9.73% Materials 9.11% Health Care 8.85% Other 9.44% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 44.17% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 12.85% Manulife Fund’s inception date. Switzerland 6.33% Japan 4.35% France 4.02% Manulife Multi-Manager Global Equity Fund - ($27,327) Canada 3.96% MSCI World TR CAD (BoC) - ($27,375) Ireland 2.82% Multi-Manager Global Equity Fund Other 21.50%

Top holdings within the underlying fund 25,000 (As at December 31, 2017) Mawer Global Equity Srs A 34.74% 20,000 Sprucegrove Global Pooled Fund 33.51% 15,000 MFS Global Equity Growth 31.85% 10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund - - 7.15 -3.80 15.62 32.93 13.89 17.73 5.22 18.86 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective  Large Over the long term, this fund is expected to outperform the MSCI World Index ($ Cdn). Medium

Small

All cap

 Fund (5)  Benchmark (5) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Canadian Monthly Income Fund

Objective The MMF Monthly Income Fund is managed to provide a regular flow of monthly Composition revenue. The Fund invests in a diversified portfolio composed primarily of equities and fixed income Canadian Equity 37.51% securities denominated in Canadian or foreign currency. Canadian Fixed Income 26.74% United States Equity 12.98% Managed by Manulife Asset Management Limited Cash & Equivalents 7.30% Fund managers Standard Life Mutual Funds Ltd. (SLMF) United States Fixed Income 7.22% Foreign Equity 3.34% Inception date July 2002 Manulife inception date May 2012 Foreign Fixed Income 0.70% Total assets $840.0 million Underlying fund operating expense (2016) Other 4.21% In IMF Geographic split Canada 70.06% United States 22.42% Ireland 2.81% Bermuda 1.93% Switzerland 0.57% United Kingdom 0.18% Luxembourg 0.16% Overall past performance Other 1.87% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Bank of Nova Scotia 2.63% Toronto-Dominion Bank 2.32% Manulife MMF Monthly Income Fund - ($17,195) Royal Bank of Canada 2.11% SLMF Monthly Income BM - ($17,947) Manulife Canadian Monthly Income Fund Enbridge Inc 1.82% Canadian Imperial Bank of Commerce 1.64% Manulife Financial Corp 1.42% 15,000 Brookfield Infrastructure Partners LP 1.39% Rogers Communications Inc 1.28% 10,000 Microsoft Corp 1.19% Algonquin Power & Utilities Corp 1.17% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Primary investment process Fund -15.95 15.93 8.38 3.24 4.15 13.68 10.65 2.22 8.65 6.94 Fundamental, Bottom-up Benchmark -16.39 21.17 14.15 1.25 7.15 8.81 12.78 -0.78 11.05 5.80 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 3.28 6.94 7.78 5.90 8.36 - Small Benchmark 3.24 5.80 8.38 5.24 7.42 6.02

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 50% S&P/TSX Capped Composite Index • 20% FTSE TMX Canada Long Term Government Bond Index A and BBB  • 20% FTSE TMX Canada All Corporate Bond Index below BBB • 10% S&P 500 Index ($ Cdn)

 Fund (12)  Benchmark (12) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> AGF Global Equity Class Series O

Objective The AGF International Stock Fund is managed to provide superior long-term growth. Composition It invests primarily in common shares of medium and large international companies. The portfolio United States Equity 53.78% manager follows a bottom-up value investment style by focusing on a detailed analysis of the Foreign Equity 43.67% strengths of an individual company. Canadian Equity 1.37% Cash & Equivalents 1.16% Managed by AGF International Advisors Company Limited (AGFIA) Other 0.02% Fund managers AGF Funds Inc. Inception date October 2009 Manulife inception date July 2009 Total assets $847.5 million Underlying fund operating expense (2016) Equity Industry In IMF Financials 25.66% Industrials 19.45% Consumer Staples 14.38% Information Technology 13.33% Health Care 7.92% Energy 6.19% Consumer Discretionary 4.29% Other 8.78% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 45.84% have been deducted. Japan 11.56% Switzerland 5.38% Korea 5.17% United Kingdom 4.75% Manulife AGF Global Equity Fund II - ($16,964) Germany 4.28% AGF International Stock - Custom Benchmark - ($22,135) China 3.91% AGF Global Equity Class Series O Other 19.11%

Top holdings within the underlying fund 20,000 (As at December 31, 2017)

Honeywell International Inc 4.63% 15,000 Samsung Electronics Co Ltd DR 4.25% JPMorgan Chase & Co 3.87% 10,000 Chubb Ltd 3.63% Waste Management Inc 3.56% 5,000 Keyence Corp 3.28% Moody’s Corp 3.27% 0 Northrop Grumman Corp 3.23% Philip Morris International Inc 2.92% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Altria Group Inc 2.65% (%) Fund - - -3.07 -13.97 16.39 32.00 -0.91 8.41 -1.93 14.99 Benchmark -29.83 13.73 2.83 -9.70 15.08 31.12 5.14 14.54 2.34 16.53

Value Core/Blend Growth Investment objective  Large Benchmark changed as at November 30, 2013. Over the long term, this fund is expected to Medium outperform the MSCI EAFE + Emerging Markets Index (CAN$).

Small

All cap

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Aberdeen Canada EAFE Plus Equity Fund

Objective The Aberdeen International Equity Fund is managed to achieve total return in excess Composition of the MSCI All Countries ex-US Index in Canadian dollars over a period of 3 to 5 years through Foreign Equity 92.00% investing in a diversified portfolio of international equity securities. Cash & Equivalents 3.71% Canadian Equity 2.68% Managed by Aberdeen Asset Management Inc. United States Equity 0.97% Fund managers Aberdeen Asset Management Inc. Other 0.64% Inception date January 2010 Manulife inception date July 2008 Total assets $351.8 million Underlying fund operating expense (2016) 0.0787% Equity Industry Financials 16.24% Consumer Staples 15.31% Health Care 13.48% Industrials 11.35% Information Technology 10.64% Materials 7.32% Consumer Discretionary 7.24% Other 18.42% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United Kingdom 15.75% have been deducted. Japan 14.74% Switzerland 8.76% Germany 8.44% Hong Kong 7.02% Manulife Aberdeen International Equity Fund - ($13,015) Canada 6.39% Aberdeen international MSCI ACWI Ex USA - ($14,350) Korea 4.39% Aberdeen Canada EAFE Plus Equity Fund Other 34.51% 14,000 Top holdings within the underlying fund (As at December 31, 2017) 12,000 Taiwan Semiconductor Manufacturing Co Ltd DR 3.65% 10,000 Roche Holding AG Par 3.50% 8,000 AIA Group Ltd 3.22% Novartis AG 2.84% 6,000 Whitbread PLC 2.76% 4,000 Samsung Electronics Co Ltd DR 2.75% 2,000 Fomento Economico Mexicano SAB de CV DR 2.62% 0 Vodafone Group PLC 2.53% Check Point Software Technologies Ltd 2.47% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Nestle SA 2.42% (%) Fund - 5.39 1.65 -17.40 13.27 24.49 5.87 2.89 4.14 19.11 Benchmark - - - - - 23.16 5.27 13.63 1.38 19.37

Value Core/Blend Growth Investment objective Large Over the long term, this fund is expected to outperform the MSCI ACWI Index ex-USA ($ Cdn). Medium

Small  All cap

 Fund (10)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Sprucegrove Global Equity Pooled Fund

Objective The Sprucegrove Global Equity Fund objective is to create a portfolio of international Composition (including U.S.) stocks that overall have characteristics superior to the benchmark MSCI World Index. Foreign Equity 59.79% Sprucegrove emphasizes long term investment and it focuses on the selection of individual common United States Equity 36.93% stocks using a bottom-up, research driven approach. Cash & Equivalents 3.28% Managed by Sprucegrove Investment Management Ltd Fund managers Craig A. Merrigan, Erik Parnoja, Shirley Woo Inception date June 1995 Manulife inception date October 2009 Total assets $1,025.7 million Underlying fund operating expense (2016) Equity Industry 0.0335% Financials 20.48% Industrials 18.41% Consumer Discretionary 11.95% Information Technology 10.95% Materials 9.51% Energy 9.12% Consumer Staples 7.00% Other 12.58% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 36.93% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 11.85% Manulife Fund’s inception date. Switzerland 6.76% Japan 6.66% Netherlands 4.65% Manulife Sprucegrove Global Equity Fund - ($20,070) Hong Kong 4.43% MSCI World TR CAD (BoC) - ($21,966) Singapore 3.79% Manulife Sprucegrove Global Pooled Fund Other 24.93%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Markel Corp 3.02% 15,000 Jardine Matheson Holdings Ltd 1.92%

United Overseas Bank Ltd 1.90% 10,000 Royal Dutch Shell Plc B 1.80% Wells Fargo & Co 1.69% 5,000 Berkshire Hathaway Inc 1.63% Honda Motor Co Ltd 1.60% 0 Novartis AG 1.57% United Technologies Corp 1.56% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Compagnie Financiere Richemont SA 1.54% (%) Fund -25.52 13.30 7.62 -4.01 11.28 32.46 11.07 10.74 12.09 13.33 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective  Large Over the long term, this fund is expected to outperform the MSCI World Index ($ Cdn). Medium

Small

All cap

 Fund (12)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> FGP International Fund

Objective The FGP International Equity Fund aims to generate an attractive total investment Composition return through long-term capital growth as well as dividend and other income. The Fund will invest Foreign Equity 94.47% primarily in a diversified mix of non-North American equity securities. Cash & Equivalents 4.16% Canadian Fixed Income 0.93% Managed by Foyston, Gordon & Payne Inc Other 0.44% Fund managers Foyston Gordon & Payne Inc. Inception date January 1994 Manulife inception date June 2011 Total assets $122.7 million Underlying fund operating expense (2016) 0.0912% Equity Industry Consumer Staples 32.26% Industrials 24.63% Health Care 13.60% Consumer Discretionary 8.24% Energy 6.73% Financials 4.45% Information Technology 3.80% Other 6.29% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United Kingdom 22.44% fees have been deducted. The shaded returns represent the underlying fund returns prior to the France 16.49% Manulife Fund’s inception date. Germany 11.05% Netherlands 8.32% Switzerland 7.50% Manulife FGP International Equity Fund - ($17,170) Ireland 7.06% MSCI EAFE NR CAD - ($15,386) Japan 6.88% FGP International Fund Other 20.26%

Top holdings within the underlying fund 15,000 (As at December 31, 2017) FGP Developing Markets 9.33% British American Tobacco PLC 6.17% 10,000 Heineken Holding NV 5.39% Henkel AG & Co KgaA 5.16% Safran SA 4.89% 5,000 FGP Short Term Investment Fund 4.22% Medtronic PLC 4.12% 0 Unilever PLC 3.96% Komatsu Ltd 3.93% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Novartis AG 3.77% (%) Fund -26.60 25.54 4.23 -7.96 13.80 23.69 3.82 14.18 -1.93 18.72 Benchmark -29.18 11.91 2.13 -9.97 14.72 31.02 3.67 18.95 -2.49 16.82

Value Core/Blend Growth Investment objective Large Fund is expected to outperform the MSCI EAFE Total Return Index ($ Cdn). Medium

Small  All cap

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MFS International Equity Fund II

Objective The objective of the Fund is to provide long-term capital appreciation by investing Composition principally in equities of companies whose operations lie outside of the U.S. and Canada. Foreign Equity 93.53% Canadian Equity 3.48% Managed by MFS Investment Management Canada Ltd. Cash & Equivalents 1.53% Fund managers David Mannheim, Roger Morley United States Equity 1.45% Other 0.01% Inception date August 2007 Manulife inception date June 2013 Total assets $1,748.4 million

Equity Industry Consumer Staples 18.54% Health Care 16.44% Financials 16.38% Industrials 14.54% Information Technology 12.37% Consumer Discretionary 9.97% Materials 6.59% Other 5.17% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management France 15.04% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 13.76% Manulife Fund’s inception date. Switzerland 12.78% United Kingdom 12.05% Germany 10.48% Manulife International Equity Fund (MFS) - ($20,103) Netherlands 7.10% MSCI EAFE NR CAD - ($15,386) Canada 3.55% MFS International Equity Fund II Other 25.24% 20,000 Top holdings within the underlying fund (As at December 31, 2017) Nestle SA 3.70% 15,000 Bayer AG 3.04% AIA Group Ltd 2.70% 10,000 ING Groep NV 2.58% Roche Holding AG Par 2.51% 5,000 UBS Group AG 2.40% Air Liquide SA 2.40% 0 Schneider Electric SE 2.39% Pernod Ricard SA 2.34% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD SAP SE 2.32% (%) Fund -16.95 10.53 5.27 -7.55 20.80 26.57 3.97 19.66 -2.35 21.00 Benchmark -29.18 11.91 2.13 -9.97 14.72 31.02 3.67 18.95 -2.49 16.82

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund strives to outperform the MSCI EAFE ($ Cdn) Index. Medium

Small

All cap

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Guardian International Equity Series I

Objective The Guardian International Equity Fund is managed to achieve long-term growth of Composition capital through investment in equity or equity-related securities of issuers located outside North Foreign Equity 99.53% America. Cash & Equivalents 0.43% United States Fixed Income 0.03% Managed by Guardian Capital LP Canadian Fixed Income 0.01% Fund managers Guardian Capital LP Inception date March 2011 Manulife inception date June 1999 Total assets $79.5 million Underlying fund operating expense (2016) 0.23% Equity Industry Financials 21.02% Industrials 15.56% Consumer Discretionary 14.46% Health Care 10.76% Consumer Staples 10.04% Materials 9.67% Information Technology 6.63% Other 11.86% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Japan 24.49% have been deducted. United Kingdom 18.88% Germany 9.43% France 6.81% Switzerland 6.57% Australia 4.39% Manulife Guardian International Equity Fund - ($16,553) Sweden 3.91% Guardian MSCI EAFE Index (Net CAD) - ($15,352) Other 25.52%

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Novo Nordisk A/S 1.69% Daimler AG 1.63% 10,000 AIA Group Ltd 1.60% Roche Holding AG Par 1.59% British American Tobacco PLC 1.55% 5,000 UBS Group AG 1.46% Intesa Sanpaolo SpA 1.36% 0 Fresenius SE & Co KGaA 1.32% JXTG Holdings Inc 1.32% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Banco Bilbao Vizcaya Argentaria S.A. 1.30% (%) Fund -26.19 15.23 5.31 -19.67 18.11 25.71 6.11 23.50 -2.19 20.89 Benchmark -29.83 12.62 2.40 -10.16 14.77 31.26 3.73 18.33 -2.01 16.56

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund strives to outperform the MSCI EAFE ($ Cdn) Index. Medium

Small

All cap

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife EAFE Plus Equity (Pictet)

Objective Long-term growth is achieved by investing in a diversified mix of stocks around the Composition world. Emphasis is placed on adding returns without risk. Foreign Equity 99.17% Cash & Equivalents 0.83% Managed by Pictet Asset Management (UK) Ltd Fund managers Pictet Asset Mgmt - Mgmt Team Inception date August 2001 Manulife inception date August 2001 Total assets $49.6 million Underlying fund operating expense (2016) In IMF Equity Industry Consumer Discretionary 21.92% Industrials 16.83% Financials 14.57% Consumer Staples 13.74% Health Care 9.20% Information Technology 7.98% Telecommunication Services 5.70% Other 10.06% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United Kingdom 19.34% have been deducted. Japan 17.59% France 12.42% Spain 7.00% Netherlands 6.41% Hong Kong 5.95% Manulife EAFE Plus Equity Fund (Pictet) - ($16,930) Belgium 5.90% MSCI EAFE TR CAD (BoC) - ($16,130) Other 25.39%

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Anheuser Busch Inbev NV 3.34% Royal Dutch Shell Plc B 2.89% 10,000 Japan Tobacco Inc 2.65% CK Hutchison Holdings Ltd 2.60% LivaNova PLC 2.44% 5,000 Nestle SA 2.41% JD.com Inc DR 2.34% 0 GlaxoSmithKline PLC 2.32% ASML Holding NV 2.30% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Banco Bilbao Vizcaya Argentaria S.A. 2.22% (%) Fund -38.38 18.52 6.90 -12.06 23.44 32.75 -2.85 28.16 0.37 20.42 Benchmark -29.43 13.21 2.83 -9.75 15.34 31.81 4.18 18.83 -1.52 17.36

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund strives to outperform the MSCI EAFE ($ Cdn) Index. Medium

Small

All cap

 Fund (12)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Invesco International Growth Class Series I

Objective The Invesco International Equity Fund seeks to provide long-term capital growth by Composition investing primarily in mid and large capitalization stocks of companies located outside of Canada Foreign Equity 90.26% and the United States. The Fund will generally not invest more than 10% of its total assets in Cash & Equivalents 0.03% Canadian and U.S. companies. Other 9.71% Managed by Invesco Advisers Inc Fund managers Invesco Canada Ltd. Inception date November 2000 Manulife inception date July 2011 Total assets $694.5 million Underlying fund operating expense (2016) Equity Industry In IMF Financials 24.98% Industrials 21.59% Information Technology 14.58% Consumer Staples 14.19% Consumer Discretionary 6.63% Health Care 4.55% Materials 1.60% Other 11.88% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United Kingdom 18.41% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Germany 11.38% Manulife Fund’s inception date. Hong Kong 5.91% Brazil 5.63% France 5.48% Manulife Invesco International Equity Fund - ($19,702) Japan 4.28% MSCI EAFE TR CAD (BoC) - ($16,130) Netherlands 4.26% Invesco International Growth Class Series I Other 44.65%

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Invesco Canadian Dollar Cash Management - 8.89% Series I DCC PLC 2.96% 10,000 SAP SE 2.60% Sberbank Rossii PAO PFD 2.50% 5,000 Deutsche Boerse AG 2.26% Broadcom Ltd 2.17% WH Group Ltd 2.09% 0 Naver Corp 2.08% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Taiwan Semiconductor Manufacturing Co Ltd 1.98% (%) CK Hutchison Holdings Ltd 1.92% Fund -33.51 20.52 9.92 -3.35 15.67 31.17 10.69 18.55 -3.64 20.12 Benchmark -29.43 13.21 2.83 -9.75 15.34 31.81 4.18 18.83 -1.52 17.36

Investment objective Fund is expected to outperform the MSCI EAFE Total Return Index ($ Cdn).

How the underlying fund is invested UNDERLYING FUND -> TD Emerald Hedged International Equity Index Pooled Fund Trust Series O Composition Objective The investment objective of the Fund is to track the performance of the MSCI EAFE Foreign Equity 93.54% Index or any other index determined by TDAM used to track the performance of EAFE equity Cash & Equivalents 2.81% securities (the EAFE Index), hedged into Canadian dollars. The Fund intends to achieve its objective United States Equity 1.19% Other 2.46% by obtaining exposure primarily to equity securities of issuers which are included in the EAFE Index. Such exposure may be obtained in one or more of the following ways and in any combination: by investing directly in equity securities included in the EAFE index; by investing in units of investment funds or ETFs, including those managed by TDAM; by investing in American depository receipts and global depository receipts; and/or through the use of derivatives to gain exposure. Equity Industry Managed by TD Asset Management Inc. Financials 20.28% Industrials 13.68% Fund managers TD Asset Management Inc. Consumer Discretionary 11.71% Inception date June 1999 Manulife inception date July 2010 Consumer Staples 10.76% Health Care 9.72% Materials 7.60% Information Technology 6.21% Other 20.04% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Japan 23.24% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 14.12% Manulife Fund’s inception date. France 9.52% Germany 9.36% Switzerland 8.34% Manulife TD Emerald Hedged International Equity Index Fund - ($13,580) Australia 6.35% TD MSCI EAFE NR LC - ($14,031) Netherlands 5.55% TD Emerald Hedged International Equity Index Pooled Fund Trust Series O Other 23.52% 14,000

Top holdings within the underlying fund 12,000 (As at December 31, 2017) Nestle SA 1.67% 10,000 iShares MSCI EAFE ETF 1.42% 8,000 HSBC Holdings PLC 1.31% 6,000 Novartis AG 1.18% Roche Holding AG Par 1.11% 4,000 Toyota Motor Corp 1.05% 2,000 British American Tobacco PLC 0.97% 0 Royal Dutch Shell PLC 0.95% BP PLC 0.87% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Total SA 0.83% (%) Fund -40.03 23.10 3.93 -11.36 16.94 26.77 5.90 4.04 5.24 16.18 Benchmark -40.26 24.71 4.83 -12.15 17.31 26.92 5.91 5.32 5.74 16.46

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to track the performance of the MSCI EAFE Cap Weighted Medium Index ($ Cdn).

Small

All cap

 Fund (12)  Benchmark (12) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Meritas International Equity Fund - Series F

Objective The Meritas SRI International Equity Fund is managed to seek capital appreciation Composition with current income as a secondary objective. The Fund will invest primarily in equity securities of Foreign Equity 98.06% companies outside North America. As this Fund invests in a socially responsible manner, it must Cash & Equivalents 0.95% adhere to the “Criteria for Socially Responsible Investing”. United States Equity 0.34% Other 0.65% Managed by AllianceBernstein LP Fund managers Meritas Inception date February 2008 Manulife inception date November 2011 Total assets $16.8 million Underlying fund operating expense (2016) Equity Industry 0.33% Financials 29.61% Information Technology 21.82% Consumer Discretionary 12.31% Industrials 10.75% Telecommunication Services 7.41% Health Care 5.91% Consumer Staples 5.30% Other 6.89% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management Japan 16.82% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 14.15% Manulife Fund’s inception date. China 9.64% Germany 5.44% Switzerland 5.35% Manulife Meritas SRI International Equity Fund - ($18,819) Norway 4.28% Meritas International Equity MSCI ACWI - ($16,589) Australia 3.89% Meritas International Equity Fund - Series F Other 40.43%

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Tencent Holdings Ltd 2.73% Oracle Corp Japan 2.20% 10,000 Amadeus IT Group SA 2.10% Relx PLC 2.10% SalMar ASA 1.91% 5,000 Croda International PLC 1.86% OTP Bank Nyrt 1.76% 0 Swiss Re AG 1.69% HKT Trust and HKT Ltd 1.65% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Mitsubishi UFJ Financial Group Inc 1.64% (%) Fund - 11.71 5.20 -8.28 13.96 33.10 1.74 26.15 0.49 19.99 Benchmark -33.09 22.72 4.65 -11.77 14.34 23.16 5.06 12.31 1.64 18.46

Value Core/Blend Growth Investment objective  Large Benchmark changed as at March 30, 2015. Over the long term, this fund is expected to outperform Medium the MSCI ACWI ex-US Index.

Small

All cap

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MLI International Stock Fund UT

Objective The objective of the Fund is to provide the long term capital growth of equities of Composition issuers mainly located outside of North America by investing primarily in units of the Standard Life Foreign Equity 98.42% Global Fund. Cash & Equivalents 1.58% Managed by Manulife Financial Fund managers Standard Life Investments (UK) Limited Inception date January 2016 Manulife inception date April 1995 Total assets $290.4 million Equity Industry Financials 20.74% Industrials 14.65% Consumer Discretionary 12.55% Information Technology 9.68% Consumer Staples 9.31% Telecommunication Services 6.62% Energy 6.44% Other 20.01% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees Japan 22.12% have been deducted. Ireland 11.42% United Kingdom 10.57% Germany 8.53% Switzerland 7.33% Netherlands 6.19% Manulife SLI International Equity Fund - ($14,316) China 4.68% MSCI EAFE TR CAD (BoC) - ($16,130) Other 29.16% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Prudential PLC 3.16% JXTG Holdings Inc 2.96% 10,000 Shire PLC 2.83% Komatsu Ltd 2.80% Infineon Technologies AG 2.77% 5,000 CRH PLC 2.59% Nordea Bank AB 2.56% 0 Sony Corp 2.52% Ferguson Plc 2.42% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Zurich Insurance Group AG 2.38% (%) Fund -33.79 15.47 5.07 -9.18 19.23 34.19 -2.46 18.29 -9.61 17.59 Benchmark -29.43 13.21 2.83 -9.75 15.34 31.81 4.18 18.83 -1.52 17.36

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund strives to outperform the MSCI EAFE ($ Cdn) Index. Medium

Small

All cap

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> AGF Global Equity Class Series O

Objective The AGF Global Equity Fund is managed to provide long-term capital growth by Composition investing primarily in shares of companies around the world. The fund manager focus on allocation United States Equity 53.78% and corporate economic profit (Economic value-added) growth to drive long-term returns while Foreign Equity 43.67% controlling risk. Canadian Equity 1.37% Cash & Equivalents 1.16% Managed by AGF International Advisors Company Limited (AGFIA) Other 0.02% Fund managers AGF Funds Inc. Inception date October 2009 Manulife inception date June 2013 Total assets $847.5 million Underlying fund operating expense (2016) Equity Industry In IMF Financials 25.66% Industrials 19.45% Consumer Staples 14.38% Information Technology 13.33% Health Care 7.92% Energy 6.19% Consumer Discretionary 4.29% Other 8.78% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 45.84% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 11.56% Manulife Fund’s inception date. Switzerland 5.38% Korea 5.17% United Kingdom 4.75% Manulife AGF Global Equity Fund - ($29,419) Germany 4.28% AGF Global Equity MSCI ACWI - ($26,217) China 3.91% AGF Global Equity Class Series O Other 19.11% 30,000 Top holdings within the underlying fund (As at December 31, 2017) 25,000

Honeywell International Inc 4.63% 20,000 Samsung Electronics Co Ltd DR 4.25% JPMorgan Chase & Co 3.87% 15,000 Chubb Ltd 3.63% 10,000 Waste Management Inc 3.56% Keyence Corp 3.28% 5,000 Moody’s Corp 3.27% 0 Northrop Grumman Corp 3.23% Philip Morris International Inc 2.92% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Altria Group Inc 2.65% (%) Fund - - 7.66 1.40 14.88 33.49 12.02 22.00 7.42 14.88 Benchmark - - 7.56 -4.73 14.02 32.16 14.52 16.86 5.43 16.53

Value Core/Blend Growth Investment objective  Large The Fund strives to outperform the MSCI All Country World Growth Index (Net Dividends Medium Reinvested).

Small

All cap

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Templeton International Stock Trust - Series Institutional Composition Objective The Templeton International Equity Fund is managed to achieve long-term capital Foreign Equity 99.28% appreciation by investing primarily in a diversified portfolio of equity securities of companies around Other 0.72% the world, excluding Canada and the U.S. Managed by Franklin Templeton Investments Corp Fund managers Franklin Templeton Investments Corp. Inception date July 1993 Manulife inception date February 1996 Total assets $319.3 million Underlying fund operating expense (2016) Equity Industry 0.006% Financials 19.41% Health Care 14.89% Energy 11.80% Information Technology 11.48% Telecommunication Services 9.33% Materials 9.05% Industrials 8.41% Other 15.63% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United Kingdom 17.22% have been deducted. Japan 15.20% Germany 10.03% France 9.00% China 6.88% Netherlands 6.68% Manulife Templeton International Equity Fund - ($15,155) Switzerland 6.12% MSCI EAFE TR CAD (BoC) - ($16,130) Other 28.87% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Samsung Electronics Co Ltd 2.82% BP PLC 2.19% 10,000 Royal Dutch Shell Plc B 2.17% Standard Chartered PLC 1.95% Suntory Beverage & Food Ltd 1.89% 5,000 HSBC Holdings PLC 1.83% Roche Holding AG Par 1.82% 0 UBS Group AG 1.80% AXA SA 1.77% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD BNP Paribas SA 1.75% (%) Fund -30.76 15.89 -0.06 -10.41 15.14 35.83 1.56 16.59 -1.56 15.73 Benchmark -29.43 13.21 2.83 -9.75 15.34 31.81 4.18 18.83 -1.52 17.36

Value Core/Blend Growth Investment objective Large Over the long term, the Fund strives to outperform the MSCI EAFE ($ Cdn) Index. Medium

Small  All cap

 Fund (10)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Aberdeen Canada Global Equity Fund

Objective The Aberdeen Global Equity Fund seeks to achieve total return in excess of the MSCI Composition World Index in Canadian dollars over a period of 3 to 5 years through investing in a diversified Foreign Equity 65.40% portfolio of global equity securities. United States Equity 29.86% Canadian Equity 1.68% Managed by Aberdeen Asset Management Inc. Cash & Equivalents 0.97% Fund managers Aberdeen Asset Management Inc. Other 2.09% Inception date June 2008 Manulife inception date December 2012 Total assets $597.0 million Equity Industry Information Technology 17.71% Consumer Staples 15.36% Financials 13.98% Health Care 13.53% Industrials 8.77% Energy 7.52% Materials 7.18% Other 15.95% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 29.86% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 12.41% Manulife Fund’s inception date. Japan 11.09% Switzerland 7.87% Hong Kong 5.29% Manulife Aberdeen Global Equity Fund - ($19,195) Germany 4.06% MSCI World TR CAD (BoC) - ($22,391) Ireland 3.71% Aberdeen Canada Global Equity Fund Other 25.71%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Visa Inc 2.99% 15,000 Roche Holding AG Par 2.98% Novartis AG 2.95% 10,000 Taiwan Semiconductor Manufacturing Co Ltd DR 2.92% M&T Bank Corp 2.90% 5,000 Oracle Corp 2.77% Vodafone Group PLC 2.68% 0 EOG Resources Inc 2.61% British American Tobacco PLC 2.34% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Shin-Etsu Chemical Co Ltd 2.30% (%) Fund - 11.33 6.07 2.03 13.74 21.02 10.59 5.79 5.20 17.17 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective Large The Fund is expected to outperform the MSCI World Index ($ Cdn). Medium

Small  All cap

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Templeton Global Stock Trust Fund

Objective The investment objective of the fund is to achieve long-term capital growth through a Composition flexible policy of investment primarily in equity securities of companies listed on stock exchanges of Foreign Equity 63.68% any nation other than Canada. Equity investments are selected on an issuer-by-issuer basis and may United States Equity 36.32% include investments in emerging markets. In normal market conditions, issuers are selected from a cross-section of countries, regions and industries. Managed by Franklin Templeton Investments Corp Fund managers Katherine Owen Inception date September 1997 Manulife inception date September 2007 Equity Industry Total assets $515.0 million Underlying fund operating expense (2016) Financials 19.39% 0.01% Health Care 18.11% Information Technology 15.32% Energy 11.27% Consumer Discretionary 11.18% Industrials 5.86% Materials 5.39% Other 13.48% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 36.32% have been deducted. United Kingdom 11.04% Japan 10.25% Germany 5.84% Ireland 5.31% France 5.01% Manulife Templeton Global Stock Trust Fund - ($20,053) China 3.87% MSCI World TR CAD (BoC) - ($21,966) Other 22.36%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Samsung Electronics Co Ltd 2.32% 15,000 Oracle Corp 2.28%

BP PLC 2.16% 10,000 Royal Dutch Shell Plc B 2.16% Microsoft Corp 2.12% 5,000 Citigroup Inc 1.99% Alphabet Inc 1.81% 0 ConocoPhillips 1.78% Kingfisher PLC 1.76% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD JPMorgan Chase & Co 1.75% (%) Fund -27.42 15.20 2.06 -8.91 19.54 46.99 10.11 16.38 1.73 12.62 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective Large Over the long term, this fund is expected to outperform the MSCI World Index ($ Cdn).  Medium

Small

All cap

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Invesco Global Small Cap Equity Pool Series I

Objective The Global Small-Cap Equity Fund (Invesco) seeks to achieve long-term capital growth Composition by investing primarily in small-capitalization companies anywhere in the world. Foreign Equity 65.72% United States Equity 30.45% Managed by Invesco Advisers Inc Canadian Equity 0.84% Fund managers Invesco Canada Ltd. Cash & Equivalents 0.03% Other 2.96% Inception date April 2012 Manulife inception date June 2014 Total assets $249.4 million Underlying fund operating expense (2016) In IMF Equity Industry Industrials 22.48% Financials 17.58% Consumer Discretionary 13.96% Information Technology 13.61% Health Care 7.76% Real Estate 6.36% Materials 6.06% Other 12.19% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 30.49% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 12.75% Manulife Fund’s inception date. United Kingdom 10.07% France 5.61% China 3.68% Manulife Invesco Global Small-Cap Equity Fund - ($22,382) Netherlands 3.25% Invesco MSCI ACW Small Cap index - ($23,278) Korea 2.73% Invesco Global Small Cap Equity Pool Series I Other 31.42%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Invesco Canadian Dollar Cash Management - 1.84% Series I 15,000 HDFC Bank Ltd DR 0.96% Hibernia REIT PLC 0.83% 10,000 Eurazeo SA 0.83% TKH Group NV 0.81% 5,000 Air France KLM SA 0.75% Filinvest Land Inc 0.74% 0 Chiba Bank Ltd 0.64% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Samsonite International SA 0.64% (%) Lisi SA 0.64% Fund - - - - - 26.41 -3.98 20.09 4.17 23.69 Benchmark -29.56 27.95 19.69 -9.10 15.44 37.29 10.96 18.69 7.73 15.67

Investment objective Over the long term, the Fund is expected to outperform the MSCI ACWI Small Cap Index ($ CDN).

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Lazard Global Small Cap Equity (Canada) Fund

Objective The Lazard Global Small-Cap Equity Fund is managed to generate long-term capital Composition growth by investing in companies with strong financial productivity at attractive valuations with a Foreign Equity 51.22% market capitalization between $300 million and $5 billion. United States Equity 38.12% Canadian Equity 7.26% Managed by Lazard Asset Management (Canada) Inc. Cash & Equivalents 1.57% Fund managers Lazard Asset Management (Canada), Inc. Other 1.83% Inception date June 2014 Manulife inception date June 2014 Total assets $480.3 million Underlying fund operating expense (2016) 0.13% Equity Industry Industrials 21.73% Information Technology 19.83% Consumer Discretionary 13.26% Materials 11.27% Real Estate 10.48% Financials 10.26% Energy 3.84% Other 9.33% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 38.12% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 13.97% Manulife Fund’s inception date. United Kingdom 10.94% Canada 8.44% Germany 4.20% Manulife Lazard Global Small-Cap Equity Fund - ($15,265) Australia 3.26% MSCI World Small Cap NR CAD - ($15,850) Luxembourg 3.05% Lazard Global Small Cap Equity (Canada) Fund Other 18.02% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Aroundtown SA 1.89% RPC Group PLC 1.83% 10,000 TORIDOLL Holdings Corp 1.71% Malibu Boats Inc 1.65% Atkore International Group Inc 1.59% 5,000 Savills PLC 1.56% Sanwa Holdings Corp 1.56% 0 Aalberts Industries NV 1.55% National Storage Affiliates Trust 1.52% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Altus Group Ltd 1.51% (%) Fund ------22.32 -0.39 15.81 Benchmark -27.30 22.39 19.55 -6.81 14.95 41.26 11.08 19.56 8.81 14.60

Value Core/Blend Growth Investment objective Large Over the long term, the Fund is expected to outperform the MSCI World Small Cap Index ($ CDN). Medium  Small All cap

How the underlying fund is invested UNDERLYING FUND -> JPMorgan Global Intrepid Fund

Objective The Global Intrepid - Canada non-Taxable Fund is a core fund which aims to hold the Composition best of growth and value stocks across global stock markets and market capitalisation segments. United States Equity 60.09% Foreign Equity 38.85% Managed by JPMorgan Asset Management (Canada) Inc. Cash & Equivalents 1.06% Fund managers Howard Williams, Sandeep Bhargava, Zenah Shuhaiber Inception date December 2005 Manulife inception date October 2007 Total assets $619.1 million Underlying fund operating expense (2016) 0.0471% Equity Industry Information Technology 18.65% Financials 17.18% Health Care 14.15% Industrials 13.25% Consumer Discretionary 12.83% Consumer Staples 6.46% Energy 6.32% Other 11.16% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 60.85% have been deducted. Japan 8.54% United Kingdom 5.10% Netherlands 3.16% Switzerland 3.13% Australia 2.97% Manulife JPMorgan Global Intrepid Fund (Registered Plans Only) - ($20,877) Denmark 2.44% Cust Benchm MSCI World ex Canada NDR Index - ($21,073) Other 13.81% 20,000 Top holdings within the underlying fund (As at December 31, 2017) Apple Inc 2.82% 15,000 Alphabet Inc 2.03% Microsoft Corp 1.60% 10,000 Facebook Inc 1.45% Chevron Corp 1.31% 5,000 Bank of America Corp 1.26% AbbVie Inc 1.25% 0 Boeing Co 1.23% Comcast Corp 1.21% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Amazon.com Inc 1.21% (%) Fund -28.43 11.74 8.46 -6.62 15.40 37.32 14.38 19.31 2.27 16.55 Benchmark -25.56 9.51 5.50 -2.78 13.63 36.29 14.57 20.04 3.28 14.59

Value Core/Blend Growth Investment objective  Large The Fund aims to outperform the MSCI World ex Canada Index (Net Dividends Reinvested) by 4 % Medium per annum over a market cycle.

Small

All cap

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Franklin Global Growth Corporate Class - Series O

Objective The Franklin Global Equity Fund seeks to achieve long-term capital appreciation by Composition investing primarily in equity securities of growth companies with any market size capitalization, Foreign Equity 62.52% which are located throughout the world. United States Equity 35.41% Canadian Equity 2.07% Managed by Franklin Templeton Institutional LLC Fund managers Franklin Templeton Investments Corp. Inception date October 2005 Manulife inception date June 2011 Total assets $21.5 million Underlying fund operating expense (2016) 0.00% Equity Industry Information Technology 28.51% Financials 16.85% Industrials 16.60% Health Care 15.32% Consumer Discretionary 9.75% Materials 5.94% Energy 4.83% Consumer Staples 2.20% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 35.41% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 13.12% Manulife Fund’s inception date. Switzerland 8.09% Germany 7.85% Belgium 6.52% Manulife Franklin Global Growth Equity Fund - ($20,644) Netherlands 5.24% MSCI World TR CAD (BoC) - ($21,966) Australia 4.38% Franklin Global Growth Corporate Class - Series O Other 19.39%

Top holdings within the underlying fund 20,000 (As at September 30, 2017) DSV A/S 3.47% 15,000 KBC Groep NV 3.40%

Visa Inc 3.26% 10,000 Umicore SA 3.13% Verisk Analytics Inc 3.05% 5,000 Aptiv PLC 2.93% Lazard Ltd 2.85% 0 Apple Inc 2.83% Just Eat PLC 2.82% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Infineon Technologies AG 2.82% (%) Fund -38.40 34.88 4.65 -7.72 19.74 27.05 14.13 18.40 -2.18 27.84 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Investment objective The Fund is expected to outperform the MSCI World Index ($ Cdn).

 Fund (12)  Benchmark (12) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> MFS Global Equity Growth Fund

Objective The Fund seeks long-term capital appreciation by investing principally in stocks of Composition companies worldwide that have higher sustainable earnings growth and returns than their industry, United States Equity 51.67% improving fundamentals, and stock valuations that do not fully reflect their long-term growth Foreign Equity 46.01% prospects. Canadian Equity 0.70% Cash & Equivalents 0.47% Managed by MFS Investment Management Canada Ltd. Other 1.15% Fund managers David Mannheim, Roger Morley Inception date July 2002 Manulife inception date December 2014 Total assets $487.2 million Equity Industry Information Technology 25.85% Consumer Staples 18.55% Consumer Discretionary 18.00% Industrials 11.40% Health Care 10.19% Materials 7.27% Financials 6.39% Other 2.35% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 53.28% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 10.89% Manulife Fund’s inception date. Switzerland 6.93% France 6.01% Ireland 5.25% Manulife Global Equity Growth Fund (MFS) - ($21,934) Japan 3.58% Blend: MFS Global Growth Equity - ($21,496) China 2.07% MFS Global Equity Growth Fund Other 11.99%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Alphabet Inc 3.63% 15,000 Accenture PLC 2.43%

Microsoft Corp 2.33% 10,000 Nike Inc 2.31% Starbucks Corp 2.06% 5,000 Nestle SA 2.04% Taiwan Semiconductor Manufacturing Co Ltd DR 1.94% 0 Reckitt Benckiser Group PLC 1.90% Estee Lauder Companies Inc 1.89% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Thermo Fisher Scientific Inc 1.82% (%) Fund -26.60 22.32 4.06 -11.56 16.80 30.51 14.59 18.88 2.47 24.75 Benchmark -25.36 11.06 6.48 -2.65 12.30 31.45 14.92 21.79 -0.30 21.46

Value Core/Blend Growth Investment objective  Large The Fund is expected to outperform the MSCI World Index ($ Cdn). Medium

Small

All cap

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity Global Fund - Series O

Objective The Fidelity Global Fund aims to achieve long-term capital growth. It invests primarily in Composition equity securities of companies anywhere in the world. Foreign Equity 51.47% United States Equity 45.57% Managed by FIAM LLC Cash & Equivalents 1.62% Fund managers Jeremy Podger Canadian Equity 0.86% Other 0.48% Inception date November 1987 Manulife inception date January 1999 Total assets $483.8 million

Equity Industry Information Technology 23.87% Financials 17.52% Health Care 13.94% Consumer Discretionary 10.16% Energy 8.04% Industrials 6.95% Materials 4.08% Other 15.44% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 47.14% have been deducted. Japan 13.13% Netherlands 9.82% Germany 3.95% France 3.02% Korea 2.60% Manulife Global Equity Fund (Fidelity) - ($21,303) Denmark 2.21% MSCI AC World NR CAD - ($20,001) Other 18.13% 20,000 Top holdings within the underlying fund (As at December 31, 2017) Royal Dutch Shell Plc B 3.20% 15,000 Alphabet Inc 2.85% Citigroup Inc 2.28% 10,000 Exelon Corp 2.13% JPMorgan Chase & Co 1.95% 5,000 Lowe’s Companies Inc 1.76% Vinci SA 1.72% 0 Union Pacific Corp 1.70% Koninklijke Ahold Delhaize NV 1.54% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD LyondellBasell Industries NV 1.53% (%) Fund -34.77 21.36 5.98 -6.26 13.77 32.70 13.27 25.47 4.38 20.95 Benchmark -27.70 14.33 6.79 -5.05 13.56 31.04 13.55 17.10 4.13 15.83

Value Core/Blend Growth Investment objective Large The Fund seeks to achieve returns comparable to, or better than, the MSCI AC World ($Cdn) Index.  Medium

Small

All cap

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Guardian Global Equity Series I

Objective The Guardian Global Equity Fund is managed to achieve long-term growth of capital Composition through the investment in a portfolio of equity or equity-related securities of issuers with business United States Equity 58.09% operations located throughout the world. Foreign Equity 34.65% Canadian Equity 5.00% Managed by Guardian Capital LP Cash & Equivalents 1.01% Fund managers Guardian Capital LP United States Fixed Income 0.11% Canadian Fixed Income 0.04% Inception date March 2011 Manulife inception date June 2011 Other 1.10% Total assets $27.7 million Underlying fund operating expense (2016) 0.23% Equity Industry Financials 18.28% Information Technology 17.76% Consumer Discretionary 14.46% Industrials 13.97% Health Care 10.20% Consumer Staples 7.73% Materials 3.89% Other 13.71% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 59.28% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 8.44% Manulife Fund’s inception date. Canada 5.95% United Kingdom 5.06% France 3.96% Manulife Guardian Global Equity Fund - ($20,841) Spain 3.44% MSCI World TR CAD (BoC) - ($24,004) Netherlands 2.90% Guardian Global Equity Series I Other 10.97%

Top holdings within the underlying fund (As at December 31, 2017) 20,000 Facebook Inc 2.13% Apple Inc 1.78% 15,000 Intel Corp 1.60% UnitedHealth Group Inc 1.49% 10,000 Altria Group Inc 1.41% 5,000 Texas Instruments Inc 1.40% AbbVie Inc 1.39% 0 Guardian Canadian Short Term Investment Series I 1.37% Amazon.com Inc 1.26% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Morgan Stanley 1.24% (%) Fund - - - - 12.41 26.27 15.20 20.69 5.97 18.66 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective  Large Over the long term, this fund is expected to outperform the MSCI World Index ($ Cdn). Medium

Small

All cap

 Fund (15)  Benchmark (15) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity Global Real Estate-O

Objective The Fund aims to achieve a high total investment return by investing in securities of Composition companies anywhere in the world that participate in the real estate industry. United States Equity 47.96% Foreign Equity 46.75% Managed by FIAM LLC Cash & Equivalents 2.14% Fund managers Steven J. Buller Canadian Equity 0.90% Other 2.25% Inception date May 2006 Manulife inception date May 2008 Total assets $118.0 million Underlying fund operating expense (2016) In IMF Equity Industry Real Estate 91.65% Financials 1.96% Consumer Discretionary 0.68% Information Technology 0.22% Other 5.49%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 49.60% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Japan 10.76% Manulife Fund’s inception date. United Kingdom 7.26% Australia 5.88% Germany 4.35% Manulife Fidelity Global Real Estate Fund - ($19,932) France 4.00% Cust Benchm FTSE EPRA/NAREIT Global Real Estate - ($17,938) Ireland 3.05% Fidelity Global Real Estate Fund Series O Other 15.10% 20,000 Top holdings within the underlying fund (As at December 31, 2017) 15,000 Prologis Inc 3.63% Mitsui Fudosan Co Ltd 3.06% UDR Inc 2.82% 10,000 Simon Property Group Inc 2.67% Boston Properties Inc 2.49% 5,000 Duke Realty Corp 2.41% Ventas Inc 2.37% 0 British Land Company PLC 2.31% LEG Immobilien AG 2.21% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Unibail Rodamco SE 2.17% (%) Fund -34.53 19.66 15.59 -4.53 26.30 10.78 27.51 23.30 -0.81 6.85 Benchmark -35.98 19.38 14.28 -4.09 24.73 10.70 25.80 18.16 0.98 3.32

Value Core/Blend Growth Investment objective Large The Fund aims to outperform the FTSE EPRA/NAREIT Developed Index over a full market cycle.  Medium

Small

All cap

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Trimark Fund - Class I

Objective The Trimark Fund seeks to achieve strong capital growth with a high degree of reliability Composition over the long term. The Fund invests primarily in equities of companies anywhere in the world. United States Equity 55.76% Foreign Equity 35.99% Managed by Invesco Advisers Inc Canadian Equity 1.88% Fund managers Jeff Feng, Michael Hatcher, Matt Peden Cash & Equivalents 0.01% Other 6.36% Inception date September 1981 Manulife inception date June 1995 Total assets $4,125.9 million

Equity Industry Industrials 23.01% Information Technology 20.90% Consumer Staples 16.70% Health Care 11.19% Consumer Discretionary 7.44% Financials 6.41% Energy 5.19% Other 9.16% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 55.75% have been deducted. Canada 5.83% Ireland 5.19% Germany 5.07% China 4.46% France 4.04% Manulife Global Equity Fund (Invesco Trimark) - ($22,872) United Kingdom 3.64% MSCI World TR CAD (BoC) - ($21,966) Other 16.02%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Visa Inc 4.50% 15,000 Autozone Inc 4.31% Wells Fargo & Co 4.28% 10,000 W W Grainger Inc 4.15% Bureau Veritas SA 4.04% 5,000 Express Scripts Holding Co 4.01% Microsoft Corp 3.98% 0 Canadian Dollar Cash Management Fund (Invesco) 3.93% Nielsen Holdings PLC 3.46% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Schlumberger NV 3.31% (%) Fund -27.47 12.23 6.77 5.00 14.00 32.81 11.94 21.17 7.09 13.96 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective  Large To be the top of its respective category over the long term, while striving to outperform the MSCI Medium World Index ($ Cdn).

Small

All cap

 Fund (9)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> TD Emerald Low Volatility All World Equity Pooled Fund Trust Composition Objective The investment objective of the Fund is to provide a rate of return generally similar Foreign Equity 53.49% to the MSCI All Country World Index, used to track the performance of developed and emerging United States Equity 34.26% market equity securities, over a full market cycle but with less volatility than the index. Canadian Equity 9.99% Cash & Equivalents 0.80% Managed by TD Asset Management Inc. Other 1.46% Fund managers TD Asset Mgmt. - Mgmt Team Inception date May 2011 Manulife inception date July 2014 Total assets $2,471.0 million Underlying fund operating expense (2016) Equity Industry 0.0019% Financials 19.87% Industrials 19.50% Consumer Staples 10.62% Consumer Discretionary 9.53% Utilities 8.17% Telecommunication Services 7.88% Energy 6.88% Other 17.55% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 34.19% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Canada 9.99% Manulife Fund’s inception date. Japan 9.52% United Kingdom 6.21% Taiwan 5.00% Manulife TD Low Volatility All World Equity Fund - ($25,153) Australia 4.13% MSCI AC World NR CAD - ($21,830) Singapore 4.01% TD Emerald Low Volatility All World Equity Pooled Fund Trust -Series O Other 26.95% 25,000 Top holdings within the underlying fund (As at December 31, 2017) 20,000 W W Grainger Inc 0.79% Mitsui & Co Ltd 0.78% 15,000 Diageo PLC 0.76% Formosa Petrochemical Corp 0.76% 10,000 Woolworths Group Ltd 0.76% Amcor Ltd 0.75% 5,000 Ascendas Real Estate Investment Trust 0.75% 0 AT&T Inc 0.75% Bank of Montreal 0.75% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Etablissementen Franz Colruyt NV 0.75% (%) Fund - - - - 10.24 27.89 19.58 14.95 8.38 11.09 Benchmark -27.70 14.33 6.79 -5.05 13.56 31.04 13.55 17.10 4.13 15.83

Value Core/Blend Growth Investment objective  Large The performance objective of the Fund is to provide a better risk-adjusted return than the MSCI All Medium Country World Index.

Small

All cap

 Fund (12)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Global Dividend Growth Fund

Objective The MMF Global Dividend Fund is managed to provide both capital growth and income. Composition The Fund invests primarily in a globally diversified portfolio of equity, equity-type securities and Foreign Equity 52.32% other income producing investments. United States Equity 44.61% Cash & Equivalents 2.30% Managed by Standard Life Investments Limited Canadian Equity 0.47% Fund managers Standard Life Mutual Funds (SLMF) - SLI UK Other 0.30% Inception date July 2004 Manulife inception date December 2005 Total assets $436.9 million Underlying fund operating expense (2016) In IMF Equity Industry Financials 20.38% Health Care 13.04% Information Technology 11.80% Consumer Staples 11.59% Consumer Discretionary 10.33% Energy 7.24% Industrials 6.91% Other 18.71% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 44.76% have been deducted. United Kingdom 8.37% Japan 7.18% Ireland 5.01% Sweden 3.98% France 3.27% Manulife MMF Global Dividend Fund - ($20,192) Netherlands 2.61% MSCI World TR CAD (BoC) - ($21,966) Other 24.82%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) JPMorgan Chase & Co 2.72% 15,000 UnitedHealth Group Inc 2.44%

Broadcom Ltd 2.40% 10,000 Galp Energia SGPS SA 2.39% PepsiCo Inc 2.35% 5,000 Philip Morris International Inc 2.23% Kraft Heinz Co 2.10% 0 American Tower Corp 2.04% Vodafone Group PLC 1.98% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Johnson & Johnson 1.97% (%) Fund -22.50 7.62 3.28 -2.84 18.86 38.21 8.61 24.57 -3.10 12.02 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Investment objective The Fund is expected to outperform the MSCI World Index ($ Cdn).

How the underlying fund is invested UNDERLYING FUND -> Templeton Global Equity Trust - Series Institutional

Objective The Templeton Global Equity Fund is managed to achieve long-term capital appreciation Composition by investing in a diversified portfolio of equity securities of companies around the world, excluding Foreign Equity 64.06% Canada. United States Equity 35.94% Managed by Franklin Templeton Investments Corp Fund managers Franklin Templeton Investments Corp. Inception date January 1992 Manulife inception date November 1996 Total assets $958.9 million Underlying fund operating expense (2016) 0.004% Equity Industry Financials 19.24% Health Care 18.16% Information Technology 15.39% Consumer Discretionary 11.27% Energy 11.11% Industrials 5.88% Materials 5.36% Other 13.59% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees United States 35.94% have been deducted. United Kingdom 11.09% Japan 10.34% Germany 5.89% Ireland 5.31% France 4.99% Manulife Templeton Global Equity Fund (Registered Plans Only) - ($19,468) China 3.96% MSCI World TR CAD (BoC) - ($21,966) Other 22.48%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Oracle Corp 2.34% 15,000 Samsung Electronics Co Ltd 2.32%

BP PLC 2.17% 10,000 Royal Dutch Shell Plc B 2.16% Microsoft Corp 2.12% 5,000 Citigroup Inc 1.93% Alphabet Inc 1.80% 0 Kingfisher PLC 1.77% JPMorgan Chase & Co 1.74% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD ConocoPhillips 1.73% (%) Fund -29.39 14.91 2.49 -9.37 20.45 46.97 9.51 16.70 1.41 12.59 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Value Core/Blend Growth Investment objective Large The Fund is expected to outperform the MSCI World Index ($ Cdn). Medium

Small  All cap

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife U.S. Diversified Growth Equity Fund (Wellington) Composition Objective The Portfolio invests primarily in common stock, real estate securities, and depositary United States Equity 93.00% receipts. The objective of the Diversified Growth investment approach is to provide long-term total Foreign Equity 6.74% return. The Portfolio may hold significant positions in, or a significant portion of Portfolio assets may Cash & Equivalents 0.26% be invested in, securities that are not included in the Index. Managed by Wellington West Asset Management Inc. Fund managers Wellington Management Co. - Mgmt. Team Inception date March 2008 Manulife inception date May 2008 Equity Industry Total assets $785.0 million Underlying fund operating expense (2016) Information Technology 54.76% In IMF Industrials 12.16% Health Care 11.04% Consumer Discretionary 9.11% Financials 6.62% Energy 3.48% Materials 1.90% Real Estate 0.93% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 93.26% fees have been deducted. The shaded returns represent the underlying fund returns prior to the United Kingdom 3.67% Manulife Fund’s inception date. Ireland 1.42% Israel 0.67% China 0.54% Manulife U.S. Diversified Growth Equity Fund (Wellington) - ($29,855) Netherlands 0.44% Russell 1000 Growth CAD (BoC) - ($36,737) MLI U.S. Dividend Growth Equity Fund (Wellingon) UT

Top holdings within the underlying fund (As at December 31, 2017) 30,000 Apple Inc 6.92% Microsoft Corp 6.32% 20,000 Alphabet Inc 6.17% Facebook Inc 3.95% Amazon.com Inc 3.29% 10,000 Visa Inc 2.51% Home Depot Inc 2.12% 0 Texas Instruments Inc 2.01% Caterpillar Inc 2.00% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Mastercard Inc 1.92% (%) Fund - 18.45 14.74 -1.21 10.76 42.58 21.53 27.30 1.03 19.86 Benchmark -23.70 17.26 10.91 4.95 12.75 42.70 23.31 26.06 3.88 21.66

Value Core/Blend Growth Investment objective Large Over the long term, this fund is expected to outperform the Russell 1000 Growth Index ($ Cdn).  Medium

Small

All cap

 Fund (3)  Benchmark (-) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Canadian Real Estate Investment Fund

Objective The Fund invests 75-85% of its equity in the Manulife Canadian Property Portfolio for Composition exposure to a pool of Canadian commercial real estate; 10-20% in public real estate securities; and Manulife Canadian Property Portfolio 83.00% 5-10% in cash and cash equivalents to sustain liquidity. Real Estate Securities 12.00% Cash and Short Terms 5.00% Managed by Manulife Asset Management Limited Fund managers Jennifer Schillaci, Faisal Rahman, Joseph Marguy Inception date February 2011 Manulife inception date May 2012 Total assets $584.1 million Underlying fund operating expense (2016) 0.51026%

Top holdings within the underlying fund (As at December 31, 2017) Manulife Canadian Property Portfolio Fund 74.06% RioCan Real Estate Investment Trust 2.84% H&R Real Estate Investment Trust 2.16% Overall past performance Canadian Apartment Properties Real Estate 1.83% This graph shows how a $10,000 investment in this fund would have changed in value over time, Investment Trust based on gross returns. Gross rates of return are shown before investment management fees have been deducted. The shaded returns represent the underlying fund returns prior to the SmartCentres Real Estate Investment Trust 1.40% Manulife Fund’s inception date. Allied Properties Real Estate Investment Trust 1.29% Canadian Real Estate Investment Trust 1.23% Manulife Canadian Real Estate Fund - ($18,056) Artis Real Estate Investment Trust 0.77% Benchmark: NA - (-) Manulife Canadian Real Estate Investment Fund Boardwalk Real Estate Investment Trust 0.66% Northview Apartment REIT 0.41% 15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund - - - - 19.57 4.62 7.25 0.44 10.04 6.38 Benchmark ------

Investment objective Over the long term, the Fund attempts to outperform a benchmark portfolio comprised of the following; 80% Investment Property Index fund 15% S&P/TSX Capped REIT Index 5% FTSE TMX 60 Day Treasury Bill Index The fund invests in real properties which may require time to purchase or sell. All rates of return are shown before investment management fees or taxes have been deducted. Source: Lipper, a Thomson Reuters company Fixed Income Code 4858 / ARGBS Volatility meter Low High Manulife Standard Life Investments Absolute Return Global  Fund (3)  Benchmark (0) Bond Strategies Fund Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> SLI Glo SICAV Abs Rtn Glo Bd Strategies ZH CAD Dis

Objective The Standard Life Investments Absolute Return Global Bond Strategies Fund is managed to deliver a positive absolute return in the form of capital growth over the medium to longer term in all market conditions. Geographic split Managed by Standard Life Investments Limited United Kingdom 21.44% Fund managers SLI UK United States 7.37% France 3.53% Inception date December 2013 Manulife inception date June 2014 Germany 2.99% Total assets - Underlying fund operating expense (2016) Indonesia 2.72% Netherlands 1.92% In IMF Jersey 0.74% Other 59.29%

Top holdings within the underlying fund (As at December 31, 2016) Standard Life Inv Higher Income Ret Inc 4.99% ICBC LONDON 0.44% 02/14/17 SR: 1.56% Overall past performance Indonesia 8.250% 15-May-2036 1.37% This graph shows how a $10,000 investment in this fund would have changed in value over time, Indonesia 8.375% 15-Sep-2026 1.36% based on gross returns. Gross rates of return are shown before investment management Barclays Bank PLC 7.625% 21-Nov-2022 0.57% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Banco Bilbao Vizcaya Argentaria FRN 0.56% Manulife Fund’s inception date. Manulife Standard Life Investments Absolute Return Global Bond Strategies Fund - Societe Generale SA FRN Perp 0.56% ($11,213) Royal Bank Of Scotland Group PLC FRN 31-Dec- 0.56% CDOR (3 months)+ 3% - ($11,820) 2049 SLI Glo SICAV Abs Rtn Glo Bd Strategies ZH CAD Dis Danske Bank A/S FRN Perp 0.56% KBC Group NV FRN 0.56% 10,000

8,000

6,000

4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund ------2.32 2.91 6.13 0.10 Benchmark 6.47 3.80 4.09 4.43 4.48 4.41 4.39 3.97 4.01 4.32

Investment objective CDOR (3 months) + 3%

 Fund (11)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock Canadian Global Infrastructure Equity Index Fund Class D Composition Objective The BlackRock Global Infrastructure Index Fund is managed to track the return and risk United States Equity 43.46% profile of the Dow Jones Brookfield Global Infrastructure Index (Total return net of withholding Foreign Equity 38.28% taxes). Canadian Equity 16.86% Cash & Equivalents 0.42% Managed by BlackRock Asset Management Canada Limited Other 0.98% Fund managers BlackRock Asset Management Canada Limited Inception date July 2012 Manulife inception date December 2012 Total assets $1,067.8 million Underlying fund operating expense (2016) Equity Industry 0.03099% Utilities 37.00% Energy 27.18% Industrials 19.41% Real Estate 12.71% Consumer Discretionary 1.01% Telecommunication Services 0.70% Financials 0.58% Other 1.41% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 43.60% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Canada 17.24% Manulife Fund’s inception date. France 6.97% Spain 6.31% United Kingdom 6.23% Manulife BlackRock Global Infrastructure Index Fund - ($20,176) Italy 4.34% Dow Jones Brookfield Global Infrastructure (CAD) - ($19,795) Australia 4.10% BlackRock Canadian Global Infrastructure Equity Index Fund Class D Other 11.21% 20,000 Top holdings within the underlying fund (As at December 31, 2017) Enbridge Inc 6.67% 15,000 American Tower Corp 6.16% Vinci SA 5.33% 10,000 Crown Castle International Corp 4.54%

TransCanada Corp 4.32% 5,000 National Grid PLC 4.31% Kinder Morgan Inc 3.50% 0 Sempra Energy 2.70% Consolidated Edison Inc 2.65% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Williams Companies Inc 2.54% (%) Fund - - - - - 23.81 26.97 3.27 9.16 8.76 Benchmark - - - - - 23.66 26.82 2.66 8.63 8.17

Investment objective Over the long term, the Fund is expected to track the performance of the Dow Jones Brookfield Global Infrastructure Index.

 Fund (14)  Benchmark (14) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> BlackRock Canadian Global Developed Real Estate Index Fund Class D Composition Objective The BlackRock Global REIT Index Fund is managed to track the return and risk profile of United States Equity 51.50% the FTSE EPRA/NAREIT Developed Index (Total return, net of withholding taxes). Foreign Equity 42.75% Canadian Equity 2.71% Managed by BlackRock Asset Management Canada Limited Cash & Equivalents 1.37% Other 1.67% Fund managers BlackRock Asset Management Canada Limited Inception date July 2012 Manulife inception date December 2012 Total assets $2,321.7 million Underlying fund operating expense (2016) 0.02504% Equity Industry Real Estate 96.70% Financials 0.19% Consumer Discretionary 0.08% Other 3.03%

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Simon Property Group Inc 3.55% Prologis Inc 2.26% Public Storage 2.05% 10,000 Unibail Rodamco SE 1.66% AvalonBay Communities Inc 1.63% 5,000 Vonovia SE 1.61% Sun Hung Kai Properties Ltd 1.58% 0 CK Asset Holdings Ltd 1.56% Welltower Inc 1.55% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Digital Realty Trust Inc 1.54% (%) Fund - - - - - 10.95 25.28 19.91 0.83 3.62 Benchmark - - - - - 10.62 25.39 18.98 0.47 3.10

Investment objective The fund aims to outperform the FTSE EPRA/NAREIT Developed Index.

 Fund (17)  Benchmark (14) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> AIM Sector Funds (Invesco Sector Funds): Invesco Small Cap Value Fund; Class Y Shares Objective The Invesco US Small-Cap Value Equity Fund is managed to seeks capital appreciation. Equity Industry The Portfolio invests primarily in common stocks of small capitalization companies traded on a U.S. Financials 32.64% securities exchange. Industrials 16.63% Consumer Discretionary 16.58% Managed by Invesco Advisers Inc Health Care 14.28% Fund managers Invesco Canada Ltd. Materials 6.68% Information Technology 6.13% Inception date August 2005 Manulife inception date August 2009 Real Estate 2.19% Total assets $2,645.9 million Underlying fund operating expense (2016) Other 4.87% In IMF Geographic split United States 96.08% United Kingdom 1.59% Singapore 0.51% United Arab Emirates 0.03% Belgium 0.03% Luxembourg 0.02% Overall past performance Cayman Islands 0.01% This graph shows how a $10,000 investment in this fund would have changed in value over time, Other 1.73% based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. LPL Financial Holdings Inc 3.50% Manulife Invesco US Small-Cap Value Equity Fund - ($35,812) AECOM 3.41% Russell 2000 Value Invesco US Small Cap - ($27,860) E*TRADE Financial Corp 3.25% AIM Sector Funds (Invesco Sector Funds): Invesco Small Cap Value Fund; Class Y Shares Carpenter Technology Corp 3.19% SLM Corp 3.06% Affiliated Managers Group Inc 2.91% 30,000 Builders FirstSource Inc 2.87%

Hanger Inc 2.79% 20,000 BofI Holding Inc 2.71% Dana Inc 2.61% 10,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund -26.64 30.14 23.04 -5.73 19.60 54.69 17.70 9.54 15.61 11.17 Benchmark -11.10 2.40 18.01 -3.16 15.44 43.55 13.61 10.97 27.23 0.75

Investment objective Over the long term, the Fund is expected to outperform the Russell 2000 Value Index

 Fund (15)  Benchmark (15) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Global Real Estate Unconstrained Fund

Objective The MMF Global REIT Fund is managed to provide a combination of capital growth and Composition income. The Fund is primarily exposed to real estate investment trusts and securities of companies United States Equity 51.83% that participate in global real estate. Foreign Equity 37.69% Canadian Equity 7.01% Managed by Standard Life Investments Limited Cash & Equivalents 1.93% Fund managers Standard Life Mutual Funds (SLMF) - SLI UK Other 1.54% Inception date October 2013 Manulife inception date December 2013 Total assets $53.9 million Underlying fund operating expense (2016) In IMF Equity Industry Real Estate 93.37% Consumer Discretionary 2.33% Other 4.30%

Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 51.83% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Canada 8.86% Manulife Fund’s inception date. Japan 8.14% Hong Kong 6.82% Australia 5.91% Manulife MMF Global REIT Unconstrained Equity Fund - ($14,518) United Kingdom 4.20% FTSE EPRA/NAREIT Developed (STUI) - ($14,903) France 3.88% Manulife Global Real Estate Unconstrained Fund Other 10.36% 15,000 Top holdings within the underlying fund (As at December 31, 2017) Simon Property Group Inc 3.54% 10,000 Welltower Inc 3.33% Prologis Inc 3.21% SmartCentres Real Estate Investment Trust 3.17% 5,000 Equity LifeStyle Properties Inc 2.93% Mitsui Fudosan Co Ltd 2.64% CK Asset Holdings Ltd 2.60% 0 Deutsche Wohnen SE 2.59% SEGRO PLC 2.58% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Regency Centers Corp 2.53% (%) Fund ------22.78 19.03 -5.51 3.88 Benchmark ------25.68 16.18 0.47 3.10

Investment objective The fund aims to outperform the FTSE EPRA/NAREIT Developed Index.

 Fund (13)  Benchmark (13) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Schroder Emerging Markets Canada Fund

Objective The Schroders Emerging Markets Equity Fund is managed to provide long term capital Composition growth by investing in companies based in developing countries. The Fund will a balanced approach Foreign Equity 97.73% using a mix of top-down and bottom-up analysis, looking to derive 50% of added value from Cash & Equivalents 0.85% country allocation and 50% from stock selection. Other 1.42% Managed by Schroders Investment Management Limited Fund managers Schroders Investment Management North America Ltd. Inception date December 1994 Manulife inception date March 1997 Total assets $556.8 million Underlying fund operating expense (2016) Equity Industry 0.2204% Information Technology 31.16% Financials 28.72% Consumer Discretionary 9.70% Energy 7.78% Consumer Staples 6.19% Materials 5.56% Telecommunication Services 4.47% Other 6.42% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management fees China 25.01% have been deducted. Korea 19.04% Taiwan 10.65% Brazil 8.23% Russian Federation 7.02% Hong Kong 4.92% Manulife Schroders Emerging Markets Equity Fund - ($16,746) India 4.80% MSCI EM (Emerging Markets) NR CAD - ($15,001) Other 20.33%

Top holdings within the underlying fund 15,000 (As at December 31, 2017) Tencent Holdings Ltd 7.21% Samsung Electronics Co Ltd 7.16% 10,000 Taiwan Semiconductor Manufacturing Co Ltd 5.20% Alibaba Group Holding Ltd DR 5.16% Sberbank Rossii PAO DR 3.48% 5,000 China Construction Bank Corp 3.36% NK Lukoil PAO DR 2.19% 0 AIA Group Ltd 1.91% Naspers Ltd 1.90% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Hon Hai Precision Industry Co Ltd 1.82% (%) Fund -40.12 50.51 7.22 -13.80 19.34 6.11 5.38 5.55 7.45 32.82 Benchmark -41.63 51.59 12.67 -16.40 15.61 3.93 6.63 2.04 7.34 28.26

Value Core/Blend Growth Investment objective Large Over the long term, the Fund strives to outperform the MSCI EAFE ($ Cdn) Index. Medium

Small  All cap

 Fund (12)  Benchmark (14) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> AGF Emerging Markets Fund Series O

Objective The AGF Emerging Markets Equity Fund is managed to provide superior capital growth Composition by investing primarily in shares of companies that are located or active mainly in emerging market Foreign Equity 96.30% countries. United States Equity 2.46% Cash & Equivalents 1.24% Managed by AGF Investments Inc. Fund managers AGF Funds Inc. Inception date November 2005 Manulife inception date October 2010 Total assets $714.5 million Underlying fund operating expense (2016) In IMF Equity Industry Information Technology 26.33% Financials 22.48% Consumer Discretionary 14.47% Energy 9.12% Materials 5.69% Consumer Staples 5.62% Telecommunication Services 4.68% Other 11.61% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management China 19.71% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Korea 13.84% Manulife Fund’s inception date. Hong Kong 10.45% India 9.63% Brazil 6.94% Manulife AGF Emerging Markets Equity Fund - ($18,207) Taiwan 6.54% AGF Emerging Market Index - ($15,538) South Africa 6.10% AGF Emerging Markets Fund Series O Other 26.79%

Top holdings within the underlying fund (As at December 31, 2017) 15,000 Tencent Holdings Ltd 5.83% Samsung Electronics Co Ltd 4.96% 10,000 Taiwan Semiconductor Manufacturing Co Ltd 4.27% AIA Group Ltd 3.58% Alibaba Group Holding Ltd DR 3.19% 5,000 CNOOC Ltd 2.70% Industrial and Commercial Bank of China Ltd 2.52% 0 Naver Corp 2.35% Kasikornbank PCL 2.28% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Bank Mandiri (Persero) Tbk PT 2.20% (%) Fund -36.03 64.86 18.75 -11.86 18.22 -5.35 10.38 1.18 7.32 22.98 Benchmark -42.31 53.71 13.24 -16.30 15.80 4.64 7.39 1.67 8.46 28.83

Value Core/Blend Growth Investment objective  Large Over the long term, the Fund is expected to outperform the MSCI Emerging Market Index ($ Cdn) Medium

Small

All cap

 Fund (13)  Benchmark (11) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Manulife Global Equity Unconstrained Fund

Objective The MMF Global Equity Fund is managed to provide capital appreciation over Composition the medium to longer term. The Fund invests primarily in equity and equity-type securities of Foreign Equity 52.04% multinational companies throughout the world. It may also invest in companies that the sub- United States Equity 43.68% manager expects will achieve multinational status. Canadian Equity 2.96% Cash & Equivalents 1.13% Managed by Standard Life Investments Limited Other 0.19% Fund managers Standard Life Mutual Funds (SLMF) - SLI UK Inception date July 2002 Manulife inception date June 2011 Total assets $478.1 million Underlying fund operating expense (2016) Equity Industry In IMF Information Technology 16.80% Financials 15.14% Consumer Discretionary 13.84% Health Care 12.23% Industrials 10.92% Consumer Staples 9.12% Energy 8.86% Other 13.09% Overall past performance This graph shows how a $10,000 investment in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before investment management United States 43.78% fees have been deducted. The shaded returns represent the underlying fund returns prior to the Ireland 12.05% Manulife Fund’s inception date. Germany 5.14% Japan 4.89% France 4.48% Manulife MMF Global Unconstrained Equity Fund - ($19,057) Denmark 3.93% MSCI World TR CAD (BoC) - ($21,966) Canada 3.73% Manulife Global Equity Unconstrained Fund Other 22.00%

Top holdings within the underlying fund 20,000 (As at December 31, 2017) Alimentation Couche-Tard Inc 2.96% 15,000 Ferguson Plc 2.90%

Dollar Tree Inc 2.88% 10,000 JXTG Holdings Inc 2.86% UnitedHealth Group Inc 2.75% 5,000 Nordea Bank AB 2.66% Infineon Technologies AG 2.65% 0 ASR Nederland NV 2.64% Shire PLC 2.61% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Comcast Corp 2.58% (%) Fund -33.68 19.94 12.20 -12.03 19.64 37.47 12.02 21.62 -7.35 15.42 Benchmark -26.05 11.78 6.76 -2.88 14.00 36.16 15.08 18.92 4.93 14.99

Investment objective The Fund is expected to outperform the MSCI World Index ($ Cdn).

 Fund (1)  Benchmark (-) Based on 3 year standard deviation How the fund is invested Objective The Fund provides long-term returns based on income and capital growth by investing primarily in income producing real estate properties. Composition Managed by Manulife Asset Management Limited Cash & Equivalents 1.45% Fund managers Manulife Real Estate Division Other 98.55% Inception date December 1982 Total assets $1,650.7 million Underlying fund operating expense (2016) In IMF

Geographic split Canada 100.00%

Manulife Canadian Pooled Real Estate Fund - ($17,273) Benchmark: NA - (-)

15,000

10,000

5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund 2.88 -7.21 9.21 11.57 10.31 7.14 6.98 6.32 5.31 4.91 Benchmark ------

Investment objective IPD Canadian Property Index

All rates of return are shown before investment management fees or taxes have been deducted. Source: Lipper, a Thomson Reuters company Specialty Code 8855 / GARS Volatility meter Low High Manulife SLI Global Absolute Return Strategies Fund

 Fund (4)  Benchmark (0) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> SLI Glo SICAV Glbl Abs Rtn Strategies ZH CAD Dis

Objective The SLI Global Absolute Return Strategies Fund is managed to deliver a positive absolute return in the form of capital growth over the medium to longer term in all market conditions by Equity Industry investing primarily, directly or indirectly, in a portfolio consisting of derivative contracts, fixed income Financials 15.64% securities, equities, cash and cash equivalent securities and securities of other funds. Real Estate 7.39% Industrials 2.68% Managed by Standard Life Investments Limited Health Care 2.15% Fund managers Standard Life Investments (UK) Limited Consumer Discretionary 2.03% Consumer Staples 1.66% Inception date February 2013 Manulife inception date May 2011 Materials 1.64% Total assets - Underlying fund operating expense (2016) Other 66.81% 0.026% Geographic split United States 34.01% United Kingdom 5.07% France 3.98% Germany 3.32% Spain 2.60% Netherlands 2.49% Overall past performance Italy 2.20% This graph shows how a $10,000 investment in this fund would have changed in value over time, Other 46.33% based on gross returns. Gross rates of return are shown before investment management fees Top holdings within the underlying fund have been deducted. (As at October 31, 2017) US Treasury 3.875% 15-Apr-2029 2.30% Manulife SLI Global Absolute Return Strategies Fund - ($14,044) US Treasury 0.750% 15-Feb-2045 1.57% 6 month CDOR+ 5% - ($15,063) US Treasury 1.000% 15-Feb-2046 1.34% SLI Glo SICAV Glbl Abs Rtn Strategies ZH CAD Dis US Treasury 0.750% 15-Feb-2042 1.11% 15,000 US Treasury 2.500% 15-Jan-2029 1.03% US Treasury 2.125% 15-Feb-2040 0.90% US Treasury 1.38% 15-Feb-2044 0.87% 10,000 US Treasury 2.125% 15-Feb-2041 0.82% Banco Santander SA 0.81%

ING Groep NV 0.70% 5,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund - - - - 9.38 8.48 7.41 4.45 -1.42 4.18 Benchmark 8.57 5.84 6.14 6.50 6.54 6.46 6.44 6.02 6.08 6.36

Investment objective Canadian Dealer Offered Rate (CDOR), 6 Month + 5%

 Fund (9)  Benchmark (9) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Lazard Global Listed Infrastructure (Canada) Fund, B

Objective The Lazard Global Infrastructure Fund seeks to achieve total returns (comprising income Composition and capital appreciation and before the deduction of fees and taxes) that outperform inflation Foreign Equity 74.82% as measured by the Canadian consumer price index (reported by the Government of Canada) by United States Equity 13.91% investing in companies listed on an exchange that own physical infrastructure. Cash & Equivalents 7.01% Other 4.26% Managed by Lazard Asset Management (Canada) Inc. Fund managers Lazard Asset Management (Canada), Inc. Inception date June 2007 Manulife inception date December 2012 Total assets $796.9 million Underlying fund operating expense (2016) Equity Industry 0.0539% Industrials 37.41% Utilities 33.29% Energy 9.96% Consumer Discretionary 8.07% Other 11.27%

Top holdings within the underlying fund (As at December 31, 2017) 20,000 Atlantia SpA 7.66% Terna Rete Elettrica Nazionale SpA 7.51% 15,000 Snam SpA 7.46% Vinci SA 6.73% 10,000 Norfolk Southern Corp 6.16% National Grid PLC 5.11% 5,000 Abertis Infraestructuras SA 4.91% 0 PG&E Corp 4.85% United Utilities Group PLC 4.79% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD SES SA DR 4.12% (%) Fund -32.48 18.11 9.98 0.16 20.34 28.80 19.87 11.57 9.60 22.99 Benchmark -32.31 14.78 4.33 0.31 13.27 20.99 21.58 -0.31 11.38 13.71

Value Core/Blend Growth Investment objective Large Benchmark changed as at March 31, 2015. Over the long term, this fund is expected to outperform Medium the FTSE Developed Core Infrastructure 50/50 Index (CAD Hedged).

Small  All cap

 Fund (8)  Benchmark (8) Based on 3 year standard deviation

How the underlying fund is invested UNDERLYING FUND -> Fidelity ClearPath 2050 Portfolio - Series O

Objective The portfolio uses a dynamic asset allocation strategy and invests in underlying Composition disciplines that invest primarily in a mix of equity securities, fixed-income securities and money United States Equity 32.02% market instruments. From inception, through to its target date in 2050 and for a period of Foreign Equity 27.54% approximately 20 years thereafter, an increasing proportion of the portfolio’s assets are invested in Canadian Equity 16.18% Cash & Equivalents 7.04% securities of fixed-income mandates and money market mandates. Canadian Fixed Income 3.05% Managed by FIAM LLC United States Fixed Income 1.97% Foreign Fixed Income 0.33% Fund managers Andrew Dierdorf, Brett Sumsion, Mariana Egan Other 11.87% Inception date July 2014 Manulife inception date September 2014 Total assets $52.1 million Underlying fund operating expense (2016) Geographic split In IMF United States 35.77% Canada 20.02% China 3.04% United Kingdom 2.83% Japan 2.27% Germany 2.01% India 1.82% Overall past performance Other 32.24% This graph shows how a $10,000 investment in this fund would have changed in value over time, based on gross returns. Gross rates of return are shown before investment management Top holdings within the underlying fund fees have been deducted. The shaded returns represent the underlying fund returns prior to the (As at December 31, 2017) Manulife Fund’s inception date. Fidelity American Disciplined Equity Fund Series O 23.05% Fidelity Emerging Markets Fund Series O 12.87% Manulife Fidelity ClearPath 2050 Portfolio - ($13,529) Fidelity International Disciplined Equity Series O 12.12% Blend: Fidelity ClearPath 2050 - ($12,754) Fidelity ClearPath 2050 Portfolio - Series O Fidelity International Eq Investment Trust Sr O 10.80% Fidelity Canadian Disciplined Equity Fund Series O 6.99% 12,000 Fidelity Canadian Large Cap Series O 6.45% Fidelity True North Fund Series O 5.18% 10,000 Fidelity Small Cap America Series O 4.88% 8,000 Fidelity US Dividend Series O 4.66% Fidelity Dividend Investment Trust Series O 2.16% 6,000 4,000

2,000

Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD (%) Fund ------7.26 7.63 14.40 Benchmark ------0.58 11.47 13.78 Equity style and capitalization Annualized compound returns (As at December 31, 2017) Value Core/Blend Growth This table shows the historical annual compound total return of the fund compared with the benchmark, as outlined in the rate of return expectation below.  Large 3 mo (%) 1 year (%) 2 year (%) 3 year (%) 5 year (%) 10 year (%) Medium Fund 5.24 14.40 10.95 9.71 - - Small Benchmark 5.67 13.78 12.60 8.44 - -

All cap

Target duration and credit quality Investment objective 0-5 years 5-10 years 10 + years Over the long term, this fund is expected to outperform a benchmark comprised of the following: AAA and AA • 23.0% S&P/TSX Capped Composite  • 34.5% Russell 3000 A and BBB • 34.5% MSCI EAFE + EM (N) below BBB • 7.9% FTSE TMX Canada Bond Universe