Global Equity Code 8931 / LZGSC Volatility meter Low High Manulife Global Small-Cap Equity Fund

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

How the underlying fund is invested UNDERLYING FUND -> Lazard Global Small Cap Equity () 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 46.43% market capitalization between $300 million and $5 billion. „„ Equity 39.30% „„Canadian Equity 9.03% Managed by Lazard Management (Canada) Inc. „„Cash & Equivalents 3.46% Fund managers Lazard (Canada), Inc. „„Other 1.78% Inception date June 2014 Manulife inception date June 2014 Total $434.0 million Underlying fund operating expense (2016) 0.13% Equity Industry „„Industrials 23.84% „„Information Technology 19.67% „„Materials 11.59% „„Financials 11.31% „„Consumer Discretionary 11.12% „„Real Estate 8.32% „„Energy 4.30% „„Other 9.85% Overall past performance This graph shows how a $10,000 in this fund would have changed in value over time, Geographic split based on gross returns. Gross rates of return are shown before „„United States 39.30% fees have been deducted. The shaded returns represent the underlying fund returns prior to the „„Japan 11.99% Manulife Fund’s inception date. „„United Kingdom 10.45% „„Canada 10.21% „„Germany 5.32% Manulife Lazard Global Small-Cap Equity Fund - ($14,264) „„Australia 3.04% MSCI World Small Cap NR CAD - ($15,035) „„Netherlands 2.45% Lazard Global Small Cap Equity (Canada) Fund „„Other 17.24% 15,000 Top holdings within the underlying fund (As at September 30, 2017) RPC Group PLC 2.12% 10,000 TechnoPro Holdings Inc 1.91% Aroundtown SA 1.83% Spin Master Corp 1.61% 5,000 JAFCO Co Ltd 1.60% Aalberts Industries NV 1.53% Savills PLC 1.51% 0 TORIDOLL Holdings Corp 1.44% Aurelius Equity Opportunities SE & Co KGaA 1.42% Annual returns 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD National Storage Affiliates Trust 1.41% (%) Fund ------22.32 -0.39 8.21 Benchmark -27.30 22.39 19.55 -6.81 14.95 41.26 11.08 19.56 8.81 8.71

Annualized compound returns (As at September 30, 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 (%) Primary investment process Fund 3.69 12.23 7.31 12.77 - - Fundamental, Bottom-up Benchmark 2.31 13.97 13.00 14.60 18.38 9.10 Equity style and capitalization

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

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 company