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Annual Information Form

Manulife Mutual Funds

November 9, 2015

(OFFERING ADVISOR SERIES (FORMERLY A-SERIES), SERIES D, SERIES F (FORMERLY F-SERIES), SERIES I, SERIES T5 (FORMERLY T-SERIES), SERIES T6 (FORMERLY T-SERIES), SERIES T7 (FORMERLY T-SERIES) AND SERIES T8 (FORMERLY T-SERIES) SECURITIES AS INDICATED)

Fixed Income Funds Standard Life Money Market Fund1,3

Standard Life Short Term Bond Fund1,3

Standard Life Short Term Yield Class*1

Standard Life Canadian Bond Fund1,3

Standard Life Tactical Bond Fund1,3

Manulife Canadian Corporate Bond Fund1,3,4,6

(formerly Standard Life Corporate Bond Fund)

Standard Life Global Bond Fund1,3 Standard Life High Yield Bond Fund1,3

Standard Life Emerging Markets Debt Fund1,3

Monthly Income and Balanced Funds Manulife Conservative Income Fund1,3,4

(formerly Standard Life Diversified Income Fund) Manulife Canadian Monthly Income Fund1,2,3,4,8

(formerly Standard Life Monthly Income Fund) Manulife Canadian Monthly Income Class*1

(formerly Standard Life Monthly Income Class) Manulife Canadian Dividend Income Fund1,3,4 (formerly Standard Life Dividend Income Fund)

Manulife Canadian Dividend Income Class*1 (formerly Standard Life Dividend Income Class)

Manulife Tactical Income Fund1,3,4,8

(formerly Standard Life Tactical Income Fund) Standard Life Balanced Fund1,3

Manulife Unhedged U.S. Monthly High Income Fund1,3,4,8

(formerly Standard Life U.S. Monthly Income Fund)

Canadian Equity Funds Manulife Canadian Dividend Growth Fund1,3,4,8 (formerly Standard Life Canadian Dividend Growth Fund)

Manulife Canadian Dividend Growth Class*1

(formerly Standard Life Canadian Dividend Growth Class)

Standard Life Canadian Equity Value Fund1,3

Standard Life Canadian Equity Fund1,3

Standard Life Canadian Equity Growth Fund1,3

Standard Life Canadian Small Cap Fund1,3

U.S. Equity Funds Manulife U.S. Dividend Income Fund1,3

(formerly Standard Life U.S. Dividend Growth Fund) Standard Life U.S. Equity Value Fund1,3

Standard Life U.S. Equity Value Class*1

Global Equity Funds Manulife Global Dividend Growth Fund1,3,4,8

(formerly Standard Life Global Dividend Growth Fund) Manulife Global Dividend Growth Class*1

(formerly Standard Life Global Dividend Growth Class) Standard Life International Equity Fund1,3

Standard Life Global Equity Value Fund1,3

Manulife Global Equity Unconstrained Fund1,2,3,4

(formerly Standard Life Global Equity Fund)

Manulife Global Equity Unconstrained Class*1

(formerly Standard Life Global Equity Class)

Manulife Global Real Estate Unconstrained Fund1,2,3,4,8 (formerly Standard Life Global Real Estate Fund)

Standard Life European Equity Fund1,3

Manulife Emerging Markets Fund1,2,3,4

(formerly Standard Life Emerging Markets Dividend Fund)

Manulife Emerging Markets Class*1

(formerly Standard Life Emerging Markets Dividend Class)

Portrait Portfolio Funds Manulife Portrait Conservative Portfolio1,3,4,5

(formerly Standard Life Conservative Portfolio) Standard Life Conservative Portfolio Class*1

Manulife Portrait Moderate Portfolio1,3,4,6

(formerly Standard Life Moderate Portfolio)

Standard Life Moderate Portfolio Class*1

Manulife Portrait Growth Portfolio1,3,4,7

(formerly Standard Life Growth Portfolio)

Manulife Portrait Growth Portfolio Class*1

(formerly Standard Life Growth Portfolio Class)

Manulife Portrait Dividend Growth & Income Portfolio1,3,4,8

(formerly Standard Life Dividend Growth & Income Portfolio)

Manulife Portrait Dividend Growth & Income Portfolio Class*1

(formerly Standard Life Dividend Growth & Income Portfolio Class)

Manulife Portrait Aggressive Portfolio1,3,4,8

(formerly Standard Life Aggressive Portfolio)

*Shares of Standard Life Corporate Class Inc. Subject to completion of the proposed amalgamation described in this document and in the Simplified Prospectus, effective on or about November 21, 2015, such shares will be shares of an amalgamated corporation which will be known as Manulife Investment Exchange Funds Corp.

1Offering Advisor Series securities 2Offering Series D securities 3Offering Series F securities

4Offering Series I securities 5Offering Series T5 securities 6Offering Series T6 securities

7Offering Series T7 securities 8Offering Series T8 securities

No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. Neither the securities described in this document nor the Funds are registered with the United States Securities and Exchange Commission. Certain securities of the Funds are being offered in the United States under an exemption from registration.

Table of Contents Name, formation and history of the Funds ........................................................................ 4 Major changes during the last ten years ........................................................................... 8 Investment objectives and strategies .............................................................................. 17 Investment restrictions and exemptive relief ................................................................... 17 Description of the securities issued by the Funds ........................................................... 25 Calculation of net asset value ......................................................................................... 29 Valuation of Fund securities ............................................................................................ 30 Purchase of units or shares ............................................................................................ 32 Switches .......................................................................................................................... 33 Redemptions ................................................................................................................... 35 Responsibility for operations of the Funds ...................................................................... 36 Conflicts of interest .......................................................................................................... 56 Corporate governance of the Funds ............................................................................... 73 Management fee rebate and distribution ......................................................................... 80 Income tax considerations .............................................................................................. 80 Remuneration of directors, officers and trustee .............................................................. 87 Material contracts ............................................................................................................ 87 Legal and administrative proceedings ............................................................................. 89 Certificate of the Trust Funds and the Manager and Promoter of the Trust Funds ......... 90 Certificate of the Corporate Classes and the Manager and Promoter of the

Corporate Classes ............................................................................................... 91 Certificate of the Principal Distributor of the Funds ......................................................... 92

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Name, formation and history of the Funds

In this document, as the context requires: ■ Advisor Series refers to the Advisor series of securities of one or more Funds, which were formerly referred to as A-Series■ Amalco has the meaning ascribed to such term refers to the amalgamated corporation resulting from the Corporate Amalgamation known as “Manulife Investment Exchange Funds Corp.” ■ Corporate Amalgamation refers to the amalgamation of SLCCI and MIX Corp. under the Business Corporations Act (Ontario) ■ Corporate Class or Corporate Classes refers to one or more Funds that are each a separate class of mutual fund shares of the Manulife Mutual Fund Corporation and that are offered under the simplified prospectus that is combined with this document■ dealer refers to both the dealer and the representative registered in your province or territory who advises you on your investments ■ Fund or Funds refers to the mutual funds offered under the simplified prospectus that is combined with this document (including all Portrait Portfolios) ■ IRC refers to the Independent Review Committee of the Funds ■ MAML refers to Manulife Asset Management Limited ■ Manulife refers to Manulife Financial Corporation ■ Manulife Corporate Classes refers to the Corporate Classes and the Other Manulife Corporate Classes ■ Manulife Fund refers to a Manulife Corporate Class or a Manulife Trust Fund ■ Manulife Investments, we, us, Manager or our refers to Manulife Investments, a division of MAML ■ Manulife Mutual Fund Corporation as used herein refers to: (i) in respect of the Corporate Classes, SLCCI prior to the Corporate Amalgamation and Amalco after the Corporate Amalgamation; and (ii) in respect of the Other Manulife Corporate Classes, MIX Corp. prior to the Corporate

Amalgamation and Amalco after the Corporate Amalgamation ■ Manulife Trust Funds refers to the Trust Funds and the Other Manulife Trust Funds ■ MIX Corp. refers to Manulife Investment Exchange Funds Corp., a mutual fund corporation ■ MLI refers to The Manufacturers Life Insurance Company ■ NAV refers to the net asset value of a security of a Fund ■ NI 81-102 refers to National Instrument 81-102 – Investment Funds, as it may be amended from time to time ■ NI 81-106 refers to National Instrument 81-106 – Investment Fund Continuous Disclosure, as it may be amended from time to time ■ NI 81-107 refers to National Instrument 81-107 – Independent Review Committee for Investment Funds, as it may be amended from time to time ■ Order Receipt Office refers to the address to which all Client Services, Administration and Processing requests for the Funds should be sent. This address is 500 King Street North, Delivery Station 500 G-B, Waterloo, Ontario, N2J 4C6 ■ Other Manulife Mutual Funds refers to the Manulife mutual funds offered by a simplified prospectus dated July 31, 2015, as amended ■ Other Manulife Corporate Classes refers to the Other Manulife Mutual Funds that are each a separate class of mutual fund shares of the Manulife Mutual Fund Corporation ■ Other Manulife Trust Funds refers to the Other Manulife Mutual Funds structured as trusts ■ PAC Plan refers to a pre-authorized chequing plan administered by MAML or an affiliate ■ Portrait Portfolios refers to one or more of Manulife Portrait Conservative Portfolio, Manulife Portrait Moderate Portfolio, Manulife Portrait Growth Portfolio, Manulife Portrait Dividend Growth & Income Portfolio, Manulife Portrait Aggressive Portfolio, Standard Life Conservative Portfolio Class, Standard Life Moderate

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Portfolio Class, Manulife Portrait Growth Portfolio Class and Manulife Portrait Dividend Growth & Income Portfolio Class each of which is offered under the simplified prospectus that is combined with this document ■ Registered Plan refers to each of RESPs, RRSPs (including LIRAs, LRSPs and RLSPs), RRIFs (including LIFs, LRIFs, PRIFs and RLIFs) TFSAs, DPSPs and RDSPs, each as defined under “Eligibility for Registered Plans” (collectively, “Registered Plans”) ■ securities of a Fund refers to units of a Trust Fund and/or shares of a Corporate Class ■ securityholders of a Fund refers to unitholders of a Trust Fund and/or shareholders of a Corporate Class ■ Series refers to both Series of shares of a Corporate Class and classes of units of a Trust Fund ■ Series D refers to the D series of securities of one or more Funds ■ Series F refers to the F series of securities of one or more Funds, which were, as applicable, formerly referred to as F-Series

■ Series I refers to the I series of securities of one or more Funds. This Series of securities may also be referred to as Elite Series securities ■ Series T refers to the T series of securities of one or more Funds (also referred to as the Series T5 securities, Series T6 securities, Series T7 securities and Series T8 securities, as applicable), which were formerly referred to as T-Series■ SLCCI refers to Standard Life Corporate Class Inc., a mutual fund corporation ■ Trust Fund or Trust Funds refers to the trust funds offered under the simplified prospectus that is combined with this document ■ trustee refers to MAML, the trustee of the Trust Funds ■ Underlying Fund refers to a fund in which a Fund invests. An Underlying Fund may be a mutual fund managed by us or by another mutual fund company

The registered address of each of the Trust Funds is 200 Bloor Street East, North Tower 4, Toronto, Ontario M4W 1E5. The registered address of each of the Corporate Classes is 1245 Sherbrooke Street West, 15th Floor, Montreal, Québec, H3G 1G3. Each Trust Fund is an open-ended mutual fund trust under the laws of Ontario. The Standard Life Money Market Fund, the Standard Life Bond Fund, the Standard Life Balanced Fund and the Standard Life Equity Fund were established in Ontario by way of a declaration of trust (“Declaration of Trust”) dated October 1, 1992, and signed by Standard Life Mutual Funds Limited, the former trustee of the Trust Funds. The Declaration of Trust was amended on November 1, 1994 to establish six other Trust Funds: Standard Life Growth Equity Fund, Standard Life Canadian Dividend Fund, Standard Life Global Bond Fund, Standard Life Natural Resource Fund, Standard Life U.S. Equity Fund and Standard Life International Equity Fund. The Declaration of Trust was amended again on August 1, 1999 to reflect the appointment of Standard Life Trust Company (“SLTC”) as the successor trustee (the “Trustee”) to Standard Life Mutual Funds Limited (which had been renamed Performa Financial Group Limited) and provide for a management fee rebate distribution.

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The Declaration of Trust was amended again on January 6, 2000 to establish six other Trust Funds: Standard Life Active U.S. Equity RSP Fund, Standard Life International Equity Fund, Standard Life U.S. Equity Index RSP Fund, Standard Life Global Diversified RSP Fund, Standard Life Healthcare & Technology Fund and Standard Life Corporate High Yield Bond Fund. The Declaration of Trust was amended again on January 31, 2000 to reflect the transfer of the management of all of the Trust Funds by SLTC to Standard Life Mutual Funds Ltd. (“SLMF”). The Declaration of Trust was amended again on June 28, 2002, to permit the issuance of multiple Series of units of the Trust Funds, to reflect the integration of the Legend U.S. Growth Equity Pool, Legend European Equity Pool and the Legend Global Equity Pool into the Standard Life Mutual Funds family, to create the Standard Life Monthly Income Fund, and to make technical changes associated with the conversion of the Declaration of Trust into a master Declaration of Trust and separate Regulation for each Trust Fund. The Declaration of Trust was amended again effective July 2, 2003 to permit the issuance of units of the E-Series and was amended again on June 21, 2004 to create the Standard Life Conservative Portfolio, the Standard Life Moderate Portfolio, the Standard Life Growth Portfolio, the Standard Life Aggressive Portfolio and the Standard Life Global Dividend Growth Fund, and to reflect the termination of the Standard Life Global Balanced RSP Fund, the Standard Life Global Science & Technology Fund and the Standard Life Natural Resource Fund. The Declaration of Trust was amended again effective June 14, 2005 to permit the issuance of units of the Series F and to create the Standard Life Diversified Income Fund and the Standard Life Canadian Equity Focus Fund. The Declaration of Trust was amended again effective June 16, 2006 to create the Standard Life Global Equity Focus Fund and to reflect the termination of the Standard Life S&P 500® Index RSP Fund, the Standard Life Tactical U.S. Equity RSP Fund and the Standard Life Tactical Global Equity RSP Fund. The Declaration of Trust was amended again effective June 15, 2007 to create the Standard Life Global Monthly Income Fund, the Standard Life Dividend Income Fund, the Standard Life U.S. Dividend Growth Fund and the Standard Life U.S. Equity Focus Fund. The Declaration of Trust was amended again effective June 16, 2008 to permit the issuance of units of the T-Series and to create the Standard Life India Equity Focus Fund, the Standard Life Dividend Growth & Income Portfolio and the Standard Life Global Portfolio. On December 28, 2009, the Standard Life Short Term Yield Class, Standard Life Canadian Bond Class, Standard Life Corporate High Yield Bond Class, Standard Life Monthly Income Class, Standard Life Canadian Dividend Growth Class, Standard Life Global Dividend Growth Class, Standard Life Canadian Equity Class, Standard Life Canadian Small Cap Class, Standard Life U.S. Equity Class, Standard Life International Equity Class, Standard Life Global Equity Class, Standard Life Conservative Portfolio Class, Standard Life Moderate Portfolio Class, Standard Life Growth Portfolio Class, Standard Life Aggressive Portfolio Class, Standard Life Dividend Growth & Income Portfolio Class, and Standard Life Global Portfolio Class were created as classes of shares of SLCCI. SLCCI was constituted on December 28, 2009 pursuant to the Canada Business Corporations Act.

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The Declaration of Trust was amended again by the Trustee, effective April 20, 2011, to remove ambiguity in the quorum requirements, and again on June 15, 2011 to (1) reflect changes in the investment objectives of the Manulife Canadian Dividend Growth Fund (formerly Standard Life Canadian Dividend Growth Fund), the Manulife Canadian Dividend Income Fund (formerly Standard Life Dividend Income Fund), the Standard Life Global Monthly Income Fund and the Standard Life Small Cap Fund, (2) to change the names of the Standard Life Global Monthly Income Fund to Manulife Tactical Income Fund (formerly Standard Life Tactical Income Fund) and of the Standard Life Corporate High Yield Bond Fund to Standard Life Corporate Bond Fund, (3) to create, as at June 27, 2011, the Standard Life Canadian Equity Value Fund, the Standard Life Canadian Equity Growth Fund and the Standard Life Global Equity Value Fund, and (4) to reflect, as at July 4, 2011, the change of name of the Standard Life U.S. Equity Fund to Standard Life U.S. Equity Value Fund. No changes were required to the articles of incorporation of the Manulife Canadian Dividend Growth Class (formerly Standard Life Canadian Dividend Growth Class), the Standard Life Corporate High Yield Bond Class and the Standard Life U.S. Equity Class to reflect similar changes. The Declaration of Trust was amended again effective May 23, 2012 to create, as at June 20, 2012, the Standard Life Short Term Bond Fund and the Standard Life High Yield Bond Fund. The Declaration of Trust was amended again on May 22, 2013 to create, as at June 21, 2013, the Standard Life Tactical Bond Fund and the Manulife Unhedged U.S. Monthly High Income Fund (formerly Standard Life U.S. Monthly Income Fund). Effective June 21 2013, the Manulife Canadian Dividend Income Class (formerly Standard Life Dividend Income Class), the Standard Life Canadian Equity Value Class, the Standard Life Canadian Equity Growth Class, the Standard Life U.S. Dividend Growth Class and the Standard Life Global Equity Value Class were created as classes of shares of SLCCI. The Declaration of Trust was amended again on September 6, 2013 to create, as at October 21, 2013, the Manulife Global Real Estate Unconstrained Fund (formerly Standard Life Global Real Estate Fund) and to reflect the termination, as announced September 6, 2013, of the Standard Life U.S. Mid Cap Fund, the Standard Life India Equity Focus Fund and the Standard Life Global Equity Focus Fund. The Declaration of Trust was amended again on April 4, 2014 to create, as at May 1, 2014, the Standard Life Emerging Markets Debt Fund and the Manulife Emerging Markets Fund (formerly Standard Life Emerging Markets Dividend Fund). Effective April 2, 2014, the Manulife Emerging Markets Class (formerly Standard Life Emerging Markets Dividend Class) was created as a class of shares of SLCCI. Effective on July 31, 2014, and as announced May 26, 2014, the Standard Life Canadian Equity Focus Fund and the Standard Life U.S. Equity Focus Fund were terminated pursuant to the Declaration of Trust. The Declaration of Trust was amended again on October 31, 2014 to change the name of the Standard Life International Bond Fund to Standard Life Global Bond Fund. The Declaration of Trust was amended again on July 1, 2015 to reflect the amalgamation of SLMF, the Manager of the Funds, and MAML with the amalgamated corporation continuing as Manulife Asset Management Limited. As a result of the amalgamation, MAML became the Manager of the Funds effective July 1, 2015. The Declaration of Trust was also amended to reflect the change in Trustee from Standard Life Trust Company to MAML.

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Effective on September 25, 2015 the Standard Life Global Portfolio was terminated pursuant to the Declaration of Trust. The Declaration of Trust was amended again on November 9, 2015 (i) to remove O-Series 1; (ii) to permit the issuance of units of the Series D and Series I securities; (iii) to rename Series-A to Advisor Series, F-Series to Series F, T-Series to Series T5, Series T6, Series T7 or Series T8, as applicable, and O-Series 2 to X Series; (iv) to add Series FT, Series G and Series M securities, and (v) to change the name of Standard Life Corporate Bond Fund to Manulife Canadian Corporate Bond Fund, Standard Life Diversified Income Fund to Manulife Conservative Income Fund, Standard Life Monthly Income Fund to Manulife Canadian Monthly Income Fund, Standard Life Dividend Income Fund to Manulife Canadian Dividend Income Fund, Standard Life Tactical Income Fund to Manulife Tactical Income Fund, Standard Life U.S. Monthly Income Fund to Manulife Unhedged U.S. Monthly High Income Fund, Standard Life Canadian Dividend Growth Fund to Manulife Canadian Dividend Growth Fund, Standard Life U.S. Dividend Growth Fund to Manulife U.S. Dividend Income Fund, Standard Life Global Dividend Growth Fund to Manulife Global Dividend Growth Fund, Standard Life Global Equity Fund to Manulife Global Equity Unconstrained Fund, Standard Life Global Real Estate Fund to Manulife Global Real Estate Unconstrained Fund, Standard Life Emerging Markets Dividend Fund to Manulife Emerging Markets Fund, Standard Life Conservative Portfolio to Manulife Portrait Conservative Portfolio, Standard Life Moderate Portfolio to Manulife Portrait Moderate Portfolio, Standard Life Growth Portfolio to Manulife Portrait Growth Portfolio, Standard Life Dividend Growth & Income Portfolio to Manulife Portrait Dividend Growth & Income Portfolio and Standard Life Aggressive Portfolio to Manulife Portrait Aggressive Portfolio. Each Fund offers units or shares of the Advisor Series securities. However, not all Funds offer Series D securities, Series F securities, Series I securities and Series T securities. Additional series of securities also exist but are not offered under this document. The main differences between the Series within a Fund relate to the fees and expenses payable. For further information, refer to the Simplified Prospectus, under Purchases, Switches and Redemptions – Buying Securities. Major changes during the last ten years The table below summarizes the major changes that have been undertaken by the Funds during the past ten years, such as name changes, mergers with other funds and/or changes in fundamental investment objectives.

Fund Changes Effective date Fixed-Income Funds Standard Life Money Market Fund

Decrease in the management fees of the Advisor Series

Manager changed from SLMF to MAML: Approval to change the Manager was sought and received at a special meeting of the Fund’s investors on March 26, 2015

October 31, 20121

July 1, 2015

Standard Life Short Term Bond Fund


July 1, 2015

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Fund Changes Effective date Standard Life Short Term Yield Class


July 1, 2015

Standard Life Canadian Bond Fund



July 1, 2015 October 31,

20121 Standard Life Tactical Bond Fund


July 1, 2015

Manulife Canadian Corporate Bond Fund


Name change from Standard Life Corporate High Yield Bond Fund


Name change from Standard Life Corporate Bond Fund

October 31, 20121

June 15, 2011

July 1, 2015

November 9, 2015

Standard Life Global Bond Fund


Amendment to the investment strategies to reflect the Fund’s ability to exceed the concentration restrictions in NI 81-102 to purchase foreign government securities in certain circumstances

Name change from Standard Life International Bond RSP Fund

Name change from Standard Life International Bond Fund

Appointment of Manulife Asset Management (US) LLC and Manulife Asset Management (Hong Kong) Limited as sub-advisor


Change of risk level from “medium” to “low to medium to high”

October 31, 20121

June 15, 2011

December 13, 2005

October 30, 2014

May 28, 2015

July 1, 2015

November 6, 2015

Standard Life High Yield Bond Fund


July 1, 2015

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Fund Changes Effective date Standard Life Emerging Markets Debt Fund


July 1, 2015

Monthly Income and Balanced Funds Manulife Conservative Income Fund



Name change from Standard Life Diversified Income Fund

October 31, 2012

July 1, 2015

November 9, 2015

Manulife Canadian Monthly Income Fund



Name change from Standard Life Monthly Income Fund

October 31, 2012

July 1, 2015

November 9, 2015

Manulife Canadian Monthly Income Class


Name change from Standard Life Monthly Income Class

July 1, 2015

November 9, 2015

Manulife Canadian Dividend Income Fund

Investment objective amended to give more flexibility to invest in fixed income securities


Name change from Standard Life Dividend Income Fund

June 15, 2011

July 1, 2015

November 9, 2015

Manulife Canadian Dividend Income Class


Name change from Standard Life Dividend Income Class

July 1, 2015

November 9, 2015

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Fund Changes Effective date Manulife Tactical Income Fund

Investment objective amended to focus on long-term capital growth as well as generating income

Name change from Standard Life Global Monthly Income Fund


Name change from Standard Life Tactical Income Fund

June 15, 2011

June 15, 2011

July 1, 2015

November 9, 2015

Manulife Unhedged U.S. Monthly High Income Fund


Name change from Standard Life U.S. Monthly Income Fund

July 1, 2015

November 9, 2015

Canadian Equity Funds Manulife Canadian Dividend Growth Fund

Decrease in the management fees of the Series F

Investment objective amended to give more flexibility to invest in non-Canadian securities


Name change from Standard Life Canadian Dividend Growth Fund

October 31, 2012

June 15, 2011

July 1, 2015

November 9, 2015

Manulife Canadian Dividend Growth Class

Investment objective amended to reflect the change to the investment objective of its underlying fund, Standard Life Dividend Growth Fund, by giving more flexibility to invest in non-Canadian securities


Name change from Standard Life Canadian Dividend Growth Class

June 15, 2011

July 1, 2015

November 9, 2015

Standard Life Canadian Equity Value Fund


July 1, 2015

Standard Life Canadian Equity Fund


July 1, 2015

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Fund Changes Effective date Standard Life Canadian Equity Growth Fund


July 1, 2015

Standard Life Canadian Small Cap Fund

Investment objective amended to give more flexibility to the portfolio manager when investing in small capitalization companies



Change of risk level from “high” to “medium to high”

June 15, 2011

October 31, 2012

July 1, 2015

November 6, 2015

U.S. Equity Funds Manulife U.S. Dividend Income Fund

Appointment of Standard Life Investments (USA) Limited as sub-advisor


Name change from Standard Life U.S. Dividend Growth Fund

December 15, 2011

July 1, 2015

November 9, 2015

Standard Life U.S. Equity Value Fund

Change in the portfolio manager from Standard Life Investments Inc. to Beutel, Goodman & Company Ltd.

Name change from Standard Life U.S. Equity Fund


July 4, 2011

July 4, 2011

July 1, 2015

Standard Life U.S. Equity Value Class

Change in the portfolio manager from Standard Life Investments Inc. to Beutel, Goodman & Company Ltd.

Name change from Standard Life U.S. Equity Class


July 4, 2011

July 4, 2011

July 1, 2015

Manulife U.S. Dividend Income Fund


Name change from Standard Life U.S. Dividend Growth Fund

July 1, 2015

November 9, 2015

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Fund Changes Effective date Standard Life U.S. Equity Value Fund


July 1, 2015



July 1, 2015

Global Equity Funds Manulife Global Dividend Growth Fund



Name change from Standard Life Global Dividend Growth Fund

October 31, 2012

July 1, 2015

November 9, 2015

Manulife Global Dividend Growth Class


Name change from Standard Life Global Dividend Growth Class

July 1, 2015

November 9, 2015

Standard Life International Equity Fund


July 1, 2015

Standard Life Global Equity Value Fund


July 1, 2015

Manulife Global Equity Unconstrained Fund


Name change from Standard Life Global Equity Fund

July 1, 2015

November 9, 2015

Manulife Global Equity Unconstrained Class


Name changed from Standard Life Global Equity Class

July 1, 2015

November 9, 2015

Manulife Global Real Estate Unconstrained Fund


Name change from Standard Life Global Real Estate Fund

July 1, 2015

November 9, 2015

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Fund Changes Effective date Standard Life European Equity Fund


July 1, 2015

Manulife Emerging Markets Fund (formerly Standard Life Emerging Markets Dividend Fund)


Name change from Standard Life Emerging Markets Dividend Fund

July 1, 2015

November 9, 2015

Manulife Emerging Markets Class


Name change from Standard Life Emerging Markets Dividend Class

July 1, 2015

November 9, 2015

Portrait Portfolio Funds Manulife Portrait Conservative Portfolio

Appointment of Manulife Asset Management (US) LLC as sub-advisor


Name change from Standard Life Conservative Portfolio

May 28, 2015

July 1, 2015 November 9,

2015 Standard Life Conservative Portfolio Class



May 28, 2015

July 1, 2015

Manulife Portrait Moderate Portfolio



Name change from Standard Life Moderate Portfolio

May 28, 2015

July 1, 2015

November 9, 2015

Standard Life Moderate Portfolio Class



May 28, 2015

July 1, 2015

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Fund Changes Effective date Manulife Portrait Growth Portfolio



Name change from Standard Life Growth Portfolio

May 28, 2015

July 1, 2015

November 9, 2015

Manulife Portrait Growth Portfolio Class



Name change from Standard Life Growth Portfolio Class

May 28, 2015

July 1, 2015

November 9, 2015

Manulife Portrait Dividend Growth & Income Portfolio



Name change from Standard Life Dividend Growth & Income Portfolio

May 28, 2015

July 1, 2015

November 9, 2015

Manulife Portrait Dividend Growth & Income Portfolio Class



Name change from Standard Life Dividend Growth & Income Portfolio Class

May 28, 2015

July 1, 2015

November 9, 2015

Manulife Portrait Aggressive Portfolio



Name change from Standard Life Aggressive Portfolio

May 28, 2015

July 1, 2015

November 9, 2015

1 The Manager decreased the management fees charged to some of the Series of the Funds effective on October 31, 2012. For further information on fees and expenses, refer to the description of each Fund in Part B of the Simplified Prospectus, under Fund details - Management Fees. On September 3, 2014, Standard Life plc announced the sale of its Canadian business to a subsidiary of Manulife Financial Corporation. The sale comprised Standard Life’s Canadian long term savings and retirement, individual and group insurance and investment management businesses, and thus included an indirect change of control of Standard Life Mutual Funds Ltd., the former investment fund manager of the Funds, Manulife Asset Management Accord (2015) Inc. (formerly Standard Life Investments Inc.), the former primary portfolio advisor of certain of

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the Funds, and Standard Life Trust Company, the custodian of the Funds and the former trustee of the Trust Funds. The transaction closed on January 30, 2015. Effective July 1, 2015, Standard Life Mutual Funds Ltd., Manulife Asset Management Accord (2015) Inc. (formerly Standard Life Investments Inc.) and MAML amalgamated under the Canada Business Corporations Act, and continued as Manulife Asset Management Limited. Following the Amalgamation, MAML became the investment fund manager and primary portfolio advisor for the Funds, except for the Standard Life Canadian Equity Value Fund, the Standard Life Canadian Equity Growth Fund, the Standard Life Global Equity Value Fund, the Standard Life U.S. Equity Value Fund and the Standard Life U.S. Equity Value Class. MAML has retained Beutel, Goodman & Company Ltd. as portfolio advisor of the Standard Life Canadian Equity Value Fund, the Standard Life U.S. Equity Value Fund, the Standard Life U.S. Equity Value Class and the Standard Life Global Equity Value Fund until on or about January 4, 2016. MAML has retained Guardian Capital LP as portfolio advisor of the Standard Life Canadian Equity Growth Fund until on or about January 4, 2016. As of January 4, 2016, MAML will be the primary portfolio advisor to the Funds. Effective on or about January 4, 2016, MAML will retain Mawer Investment Management Ltd. (“Mawer”), Standard Life Investments Limited (“Standard Life Investments – UK”), Standard Life Investments (USA) Limited (“Standard Life Investments – USA”), Manulife Asset Management (US) LLC (“MAM US”), Manulife Asset Management (Europe) Limited (“MAM Europe”) and Manulife Asset Management (Hong Kong) Limited (“MAM Hong Kong”) as sub-advisors for some of the Funds. See “Responsibility for operations of the Funds” for more information. MAM US, MAM Europe and MAM Hong Kong are affiliated companies that are indirectly wholly owned by Manulife. Standard Life Investments – UK and Standard Life Investments – USA remain indirectly wholly owned by Standard Life plc. Effective on or about November 21, 2015, MAML is proposing to continue SLCCI under the Business Corporations Act (Ontario) (the “OBCA”) in order to then amalgamate SLCCI and MIX Corp. (MIX Corp., together with SLCCI, the “Corporations”) under the OBCA to form an amalgamated corporation (“Amalco”) which will also be known as Manulife Investment Exchange Funds Corp. (the “Corporate Amalgamation”). All necessary securityholder approvals to complete the Corporate Amalgamation have been obtained. Like each of the Corporations, Amalco will offer investors the ability to switch their investments between the different mutual funds within Amalco on a tax-deferred basis. On the Corporate Amalgamation, each existing security (or fraction thereof) of each class (i.e. Fund) and series of each of the Corporations held by a securityholder will be exchanged on a tax-deferred basis for one security (or fraction thereof) of the equivalent class (i.e. Fund) and series of Amalco having the identical net asset value per security of the relevant series of the relevant class (i.e. Fund) of the applicable Corporation. The name of each outstanding class (i.e. Fund) of each Corporation will be the same name of the class (i.e. Fund) of Amalco into which such class will be exchanged. Each class of Amalco will have the identical investment objective, investment strategy, portfolio assets and liabilities referable to the class, identical manager, portfolio advisor and sub-advisor and other service providers, and identical management and other fees as the class of the relevant Corporation for which it was exchanged. The Corporate Classes described in this annual information form will consist of 14 separate classes of shares of Amalco on completion of the Corporate Amalgamation. Manulife Investment Exchange Funds Trust and Standard Life Corporate Class Trust will together own all of the issued and outstanding common shares of Amalco on completion of the Corporate Amalgamation. Amalco will consist of 45 classes of shares (including the Corporate Classes), some of which are sold under a separate simplified

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prospectus, on completion of the Corporate Amalgamation. Without your consent or notice to you, the Manager may establish additional classes of shares and may determine the rights attached to those classes. See Affiliated Entities. All dollar amounts in this document are in Canadian dollars, unless stated otherwise. Investment objectives and strategies

We may not change the fundamental investment objectives of a Fund without first obtaining the approval of the majority of securityholders at a meeting to consider the change. We may change a Fund’s investment strategies from time to time at our discretion without such approval. The investment objectives and strategies of each of the Funds are summarized in our Simplified Prospectus. Investment restrictions and exemptive relief Proposed Fund Mergers MAML intends to implement certain fund mergers effective on or about March 11, 2016, April 15, 2016 or May 27, 2016, (each, an “Effective Date”) as set out in the chart below: Terminating Fund Continuing Fund Effective Date Standard Life Canadian Bond Fund Manulife Bond Fund March 11, 2016 Standard Life Tactical Bond Fund Manulife Canadian Bond Plus

Fund March 11, 2016

Standard Life Balanced Fund Manulife Canadian Opportunities Balanced Fund

March 11, 2016


Manulife Growth Opportunities Fund

March 11, 2016



March 11, 2016

Standard Life U.S. Equity Value Fund Manulife U.S. All Cap Equity Fund

March 11, 2016

Manulife Global Focused Class Manulife Global Equity Unconstrained Class

March 11, 2016


Manulife U.S. All Cap Equity Class

March 11, 2016

Standard Life Money Market Fund Manulife Money Fund April 15, 2016 Standard Life Short Term Bond Fund Manulife Short Term Bond

Fund April 15, 2016

Standard Life Global Bond Fund Manulife Strategic Investment Grade Global Bond Fund

April 15, 2016

Standard Life Canadian Equity Fund Manulife Canadian Dividend Income Fund

April 15, 2016

Standard Life High Yield Bond Fund Manulife High Yield Bond Fund April 15, 2016 Standard Life Emerging Markets Debt Fund

Manulife Emerging Markets Debt Fund

April 15, 2016

Standard Life European Equity Fund Manulife World Investment Fund

April 15, 2016

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Terminating Fund Continuing Fund Effective Date Standard Life International Equity Fund

Manulife World Investment Fund

April 15, 2016


Manulife Dividend Income Fund

April 15, 2016

Standard Life Canadian Equity Growth Fund

Manulife Canadian Opportunities Fund

April 15, 2016

Standard Life Short Term Yield Class Manulife Short Term Yield Class

May 27, 2016

Standard Life Conservative Portfolio Class

Manulife Portrait Conservative Portfolio

May 27, 2016

Standard Life Moderate Portfolio Class

Manulife Portrait Moderate Portfolio

May 27, 2016

(individually the “Merger” or collectively, the “Mergers”).

If the Mergers proceed, upon the close of business on its Effective Date, securities of a Terminating Fund, other than Standard Life Conservative Portfolio Class and Standard Life Moderate Portfolio Class, will be exchanged on a tax-deferred basis for securities of its respective Continuing Fund having a net asset value on the Effective Date equal to the net asset value of the securities of the Terminating Fund. The tax-deferred merger of Standard Life Short Term Yield Class into Manulife Short Term Yield Class, Manulife Global Focused Class into Manulife Global Equity Unconstrained Class, Standard Life U.S. Equity Value Class into Manulife U.S. All Cap Equity Class will be conditional upon the implementation of the Corporate Amalgamation. Upon the close of business on the Effective Date, securities of Standard Life Conservative Portfolio Class and Standard Life Moderate Portfolio Class will be exchanged on a taxable basis for securities of its respective Continuing Fund having a net asset value on the Effective Date equal to the net asset value of the securities of the Terminating Fund. Following such exchange, securityholders of each Terminating Fund shall become securityholders of its respective Continuing Fund. MAML intends to windup or terminate the Terminating Funds as soon as reasonably possible after the Mergers.

At the close of business on the Monday immediately preceding each Effective Date, each Terminating Fund will cease distribution of new securities excluding purchases under existing pre-authorized chequing plans and dollar cost averaging plans. Securityholders will have the right to redeem the securities of the Terminating Funds up to the close of business on the Effective Date. Following the Mergers, pre-authorized chequing plans, systematic withdrawal plans and any other optional service which had been established with respect to a Terminating Fund will be re-established with respect to its corresponding Continuing Fund unless securityholders advise otherwise.

Regular Practices and Restrictions A Fund will not mix its investments with investments of other persons. The investments of the Fund will be kept separate from the investments of and from all other property belonging to or in the custody of SLTC or any other custodian, or sub-custodian, of assets of the Fund. Eligibility for Registered Plans Trust Funds All Trust Funds, with the exception of Standard Life Canadian Equity Growth Fund, qualify or are expected to qualify effective at all material times, as mutual fund trusts within the meaning of the Income Tax Act (Canada) (“ITA”) and on this basis their securities are or are expected to be qualified investments for trusts governed by registered retirement savings plans (RRSPs),registered retirement income funds (RRIFs), registered disability savings plans

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(RDSPs), registered education savings plans (RESPs), Deferred Profit Sharing Plans (DPSPs) and tax-free savings accounts (TFSAs) (collectively “Registered Plans”). We do not currently offer RDSPs or new DPSP accounts. See “Income Tax Considerations –The Funds”. Each of the Trust Funds, including the Standard Life Canadian Equity Growth Fund, is a “registered investment” within the meaning of the ITA for registered retirement savings plans (RRSPs), registered retirement income funds (RRIFs) and deferred profit sharing plans (DPSPs). A registered investment may have to pay penalty taxes if it fails to comply with certain restrictions related to types of investments it holds unless it is a mutual fund trust for tax purposes. Each Fund that is a registered investment is subject to investment restrictions that are intended to ensure that it will not become liable for these penalty taxes. Units of the Trust Funds that are registered investments are qualified investments for Registered Plans regardless of whether such Funds are mutual fund trusts for tax purposes. Any Fund that is a mutual fund trust for tax purposes, regardless of whether it is a registered investment, may be held by a Registered Plan. Corporate Classes: The Manulife Mutual Fund Corporation qualifies as a mutual fund corporation under the ITA and, on this basis, securities of the Corporate Classes are qualified investments for Registered Plans. However, since Registered Plans are generally not subject to current income taxes, the ability to switch between the Corporate classes on a tax-deferred basis, which is an advantage to taxable holders, is generally of less advantage to such plans. See “Income Tax Considerations – the Funds” See Income tax considerations for important information should a Fund not be considered as a mutual fund trust or a Corporate Class of a mutual fund corporation under the ITA. The Funds are subject to and are managed in accordance with the restrictions and practices contained in securities legislation, including NI 81-102, except as noted below. These investment restrictions and practices are designed in part to ensure that the investments of the Funds are diversified and relatively liquid and to ensure the proper administration of the Funds. PAC Plans The Funds have received regulatory relief from the requirement to deliver the fund facts (and any amendment thereto) to investors that participate in a regular investment program. If you enroll in a PAC Plan, please note that we are relying on regulatory relief that permits dealers to deliver the fund facts to you only once upon your initial purchase of securities of a Fund and not for subsequent purchases pursuant to the PAC Plan, unless you request it. The details of how to request a copy of the fund facts can be found: ■ By calling us toll free at 1 888 588 7999 or sending us an email at

[email protected] ■ From our website at manulifemutualfunds.ca ■ From your investment dealer ■ From the SEDAR website at sedar.com. Pursuant to the regulatory relief, you will not have the right to withdraw from a purchase of securities made under the PAC Plan, except for your initial purchase, but you will continue to

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benefit from the other statutory rights listed under "What Are Your Legal Rights" in the simplified prospectus that is combined with this document. You can cancel a PAC Plan at any time on written notice to us. Related Party Investments and Inter-Fund Trades

MAML has obtained exemptive relief to allow certain related party investments by the Funds that are not otherwise permitted by securities legislation and which are not covered by any exemptions under NI 81-107. Subject to certain conditions, such exemptive relief permits the Funds to make or hold an investment in debt securities of Manulife and other related securityholders of the Funds. The Funds are also permitted to invest in debt securities of other issuers in which Manulife and other related securityholders of the Funds have a significant interest. Such exemptive relief also permits certain inter-fund trades between Funds and other investment funds that are not subject to NI 81-102 or NI 81-107, and that are managed by MAML or an affiliate. The relief also permits the Funds, as well as other investment funds managed by MAML or an affiliate, to engage in certain, otherwise prohibited, in-specie transactions.

Derivatives Relief

Each Fund, other than the Standard Life Money Market Fund and the Standard Life Short Term Yield Class, has been granted derivatives relief to use as 'put option cover' a right or obligation to sell an equivalent quantity of the underlying interest of the standardized future, forward or swap when either: (i) the Fund opens or maintains a long position in a debt-like security that has a component that is a long position in a forward contract, or in a standardized future or forward contract; or (ii) the Fund enters into or maintains a swap position, and during the periods when the Fund is entitled to receive payments under the swap (the "Put Option Cover Relief").

This Put Option Cover Relief is subject to the following conditions:

(a) When a Fund enters into or maintains a swap position for periods when the Fund would be entitled to receive fixed payments under the swap, the Fund holds:

(i) Cash cover, fixed income securities (defined as any bonds, debentures, notes or other evidences of indebtedness that are not "illiquid assets" as defined in NI 81-102) or floating rate notes (collectively, "Cover"), in an amount that, together with margin on account for the swap and the market value of the swap, is not less than, on a daily mark-to-market basis, the underlying market exposure of the swap;

(ii) A right or obligation to enter into an offsetting swap on an equivalent quantity and with an equivalent term and Cover that together with margin on account for the position is not less than the aggregate amount, if any, of the obligations of the Fund under the swap less the obligations of the Fund under such offsetting swap; or

(iii) A combination of the positions referred to in subparagraphs (i) and (ii) that is sufficient, without recourse to other assets of the Fund, to enable the Fund to satisfy its obligations under the swap;

(b) When a Fund opens or maintains a long position in a debt-like security that has a component that is a long position in a forward contract, or in a standardized future or forward contract, the Fund holds:

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(i) Cover in an amount that, together with margin on account for the specified derivative and the market value of the specified derivative, is not less than, on a daily mark-to-market basis, the underlying market exposure of the specified derivative;

(ii) A right or obligation to sell an equivalent quantity of the underlying interest of the future or forward contract, and Cover that together with margin on account for the position, is not less than the amount, if any, by which the price of the future or forward contract exceeds the strike price of the right or obligation to sell the underlying interest; or

(iii) A combination of the positions referred to in subparagraphs (i) and (ii) that is sufficient, without recourse to other assets of the Fund, to enable the Fund to acquire the underlying interest of the future or forward contract;

(c) A Fund will not (i) purchase a debt-like security that has an option component or an option, or (ii) purchase or write an option to cover any positions under section 2.8(1)(b), (c), (d), (e) and (f) of NI 81-102, if immediately after the purchase or writing of such option, more than 10% of the net assets of the Fund, taken at market value at the time of the transaction, would be in the form of (i) purchased debt-like securities that have an option component or purchased options, in each case, held by the Fund for purposes other than hedging, or (ii) options used to cover any positions under section 2.8(1)(b), (c), (d), (e) and (f) of NI 81-102; and

(d) Each of the Funds must disclose the nature and terms of the relief in the Fund's simplified prospectus and this annual information form.

Investing in Exchange-Traded Funds (“ETFs”) and Silver

The Portrait Portfolios have received permission from the Canadian securities regulators, subject to certain conditions set forth below, to purchase and hold securities of certain types of ETFs, the securities of which are not “index participation units” as defined in NI 81-102. These ETFs seek to replicate (a) the daily performance of the index by (i) a multiple or an inverse multiple of 200% or (ii) an inverse multiple of 100%, or (b) the performance of gold or silver, either (i) on an unlevered basis or (ii) by a multiple of 200% (an “Underlying ETF”).

This regulatory approval also allows such Funds to invest directly in silver, certain permitted silver certificates, and derivatives the underlying interest of which is silver (collectively “Silver”).

The conditions of this relief are as follows:

(a) The investment by a Fund in securities of an Underlying ETF and/or Silver is in accordance with the fundamental investment objective of the Fund;

(b) A Fund does not short sell securities of an Underlying ETF;

(c) The securities of the Underlying ETFs are traded on a stock exchange in Canada or the United States;

(d) The securities of the Underlying ETFs are treated as specified derivatives for the purposes of Part 2 of NI 81-102;

(e) A Fund does not purchase securities of an Underlying ETF if, immediately after the purchase, more than 10% of the net assets of the Fund in aggregate, taken at market value at the time of the purchase, would consist of securities of the Underlying ETFs;

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(f) A Fund does not enter into any transaction if, immediately after the transaction, more than 20% of the net assets of the Fund, taken at market value at the time of the transaction, would consist of, in aggregate, securities of Underlying ETFs and all securities sold short by the Fund;

(g) The prospectus of a Fund discloses (i) in the Investment Strategies section of the prospectus, the fact that the Fund has obtained relief to invest in the Underlying ETFs together with an explanation of what each Underlying ETF is, and (ii) the risks associated with investments in the Underlying ETFs; and

(h) A Fund does not purchase “Gold and Silver Products” (defined as being gold or silver, permitted gold or silver certificates, gold or silver ETFs, leveraged gold or silver ETFs, and any specified derivatives the underlying interest of which is gold or silver) if, immediately after the transaction, the market value of the exposure to gold or silver through the Gold and Silver Products is more than 10% of the net assets of the Fund, taken at market value at the time of the transaction.

The Portrait Portfolios have additionally obtained permission from the Canadian securities regulators to permit such Funds to purchase and hold securities of certain additional types of commodity ETFs, the securities of which are not “index participation units” as defined in NI 81-102. These additional commodity ETFs have exposure to one or more physical commodities other than gold or silver, on an unlevered basis (a "Commodity ETF").

The assets of a Commodity ETF will consist primarily of one or more physical commodities, other than gold or silver, or derivatives that have an underlying interest in such physical commodity or commodities. These physical commodities may include, without limitation, precious metals commodities (such as platinum, platinum certificates, palladium and palladium certificates), energy commodities (such as crude oil, gasoline, heating oil and natural gas), industrials and/or metals commodities (such as aluminum, copper, nickel and zinc) and agricultural commodities (such as coffee, corn, cotton, lean hogs, live cattle, soybeans, soybean oil, sugar and wheat). The objective of a Commodity ETF is to reflect the price of the applicable commodity or commodities (less the Commodity ETF’s expenses and liabilities) on an unlevered basis.

The conditions of this exemption are:

(a) The investment by a Fund in securities of a Commodity ETF is in accordance with the fundamental investment objectives and investment strategies of the Fund;

(b) The securities of the Commodity ETFs are traded on a stock exchange in Canada or the United States;

(c) The Fund will limit its exposure to all physical commodities (whether direct or indirect) to no more than 10% of the net assets of the Fund in aggregate, taken at market value at the time of purchase;

(d) The Fund may not purchase securities of a Commodity ETF if, immediately after the purchase, more than 10% of the net assets of the Fund in aggregate, taken at market value at the time of purchase, would consist of securities of Commodity ETFs; and

(e) The prospectus of each Fund discloses (i) in the investment strategies section for each Fund, the fact that the Fund has obtained relief to invest in the Commodity ETFs, together with an explanation of what each category of Commodity ETF is, (ii) that the Funds may invest

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indirectly in gold and other physical commodities, and (iii) the risks associated with such investments and strategies.

Lastly, subject to regulatory approval, the Portrait Portfolios have additionally sought permission from the Canadian securities regulators to permit these Funds to invest up to 10% of their assets in certain absolute return ETFs that track an index, but are not index participation units as defined in NI 81-102.

These ETFs are: 1. IQ Hedge Multi-Strategy Tracker ETF; 2. IQ Hedge Macro Tracker ETF; and 3. Proshares Hedge Replication ETF (collectively, the "Absolute Return ETFs"). By investing in these Absolute Return ETFs, these Funds are expected to gain exposure to the benefits of absolute return strategies through stock exchange listed, transparent, regulated and liquid investments.

The Absolute Return ETFs: (i) are not themselves "hedge funds" nor are they funds of hedge funds; (ii) do not seek to provide leveraged returns and the amount of loss that can result from an investment by a Fund will be limited to the amount invested by the Fund in the Absolute Return ETF; (iii) have highly transparent portfolios and trading information, all of which is available on a daily basis further to the listing of their securities for trading on the NYSE Arca; (iv) are publicly offered mutual funds subject to the United States Investment Company Act of 1940 (the "40 Act"); (v) are regulated in a manner that is identical in all material respects to the regulation of other exchange traded funds listed on stock exchanges in the United States that fall within the definition of "index participation unit" in NI 81-102; (vi) invest according to a specific named index; and (vii) are unaffiliated with MAML.

The investment objective of the IQ Hedge Multi-Strategy Tracker ETF is to seek results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index, which seeks to track the "beta" portion of returns (i.e. that portion of the returns of hedge funds that are non-idiosyncratic or unrelated to manager skill) of hedge funds that employ various hedge fund investment styles. It invests at least 80 percent of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components which include primarily exchange traded funds and/or other exchange-traded vehicles issuing equity securities organized in the U.S. It may also invest in futures contracts and swap agreements. It does not invest in hedge funds and the underlying index does not include hedge funds as underlying index components.

The investment objective of the IQ Hedge Macro Tracker ETF is to seek results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Hedge Macro Index, which seeks to track the "beta" portion of the returns (i.e. that portion of the returns of hedge funds that are non-idiosyncratic or unrelated to manager skill) of a combination of hedge funds that pursue a macro strategy and hedge funds pursuing an emerging markets strategy. Macro hedge funds typically employ top-down macro analysis (e.g. political trends, macro economics etc.) to identify dislocations in equity, fixed-income, currency and commodity markets that are expected to lead to large price movements. It invests at least 80 percent of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components which include primarily exchange traded funds and/or other exchange-traded vehicles issuing equity securities organized in the U.S. It may also invest in futures contracts and swap agreements. It does not invest in hedge funds and the underlying index does not include hedge funds as underlying index components.

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The IQ Hedge Multi-Strategy Tracker ETF and the IQ Hedge Macro Tracker ETF is managed by IndexIQ Advisors LLC. They are passively invested according to their underlying index, each of which was developed by Financial Development Holdco LLC, which is the parent company to the Absolute Return ETFs' investment adviser. Information about these Absolute Return ETFs is publicly available via SEC filings (at edgar.sec.gov), and also at the investment adviser's website. This information includes each fund's holdings on a daily basis.

The investment objective of the Proshares Hedge Replication ETF is to seek results (before fees and expenses) that track the performance of its underlying index, the Merrill Lynch Factor Model -- Exchange Series. It invests in a combination of equity securities and derivatives that track the performance of its underlying index. The underlying index seeks to provide the risk and return characteristics of a hedge fund asset class by targeting a high correlation to the HFRI Fund Weighted Composite Index. The latter HFRI Index is designed to reflect hedge fund industry performance through an equally weighted composite of over 2000 constituent funds. The underlying index is established by Merrill Lynch International and is published under the Bloomberg ticker symbol MLEIFCTX. The underlying index is comprised of (1) the S&P 500 Total Return Index, (2) the MSCI EAFE US Dollar Net Total Return Index, (3) the MSCI Emerging Markets US Dollar Net Total Return Index, (4) the Russell 200 Total Return Index, (5) three-month U.S. Treasury Bills, and (6) the ProShares UltraShort Euro ETF.

Proshares Hedge Replication ETF is managed by ProShare Advisors LLC and passively invested according to the underlying index. It invests in a combination of securities and derivatives that ProShare Advisors believe should track the performance of the underlying index. Information about this Absolute Return ETF is publicly available through the SEC filings and also at ProShares' website. This information includes the fund's holdings on a daily basis.

The Funds that are seeking the Absolute Return ETF exemption are the same as the ones that obtained the Commodity ETF exemption described above. Both sets of ETF investments will be or are expected to be subject to an aggregate limit of 10 percent of the assets of each Fund.

Though subject to change, if the exemption is granted, we expect the conditions of the Absolute Return ETF exemption to include the following:

(a) an investment by a Fund in securities of an Absolute Return ETF will be in accordance with the fundamental investment objectives of the Fund;

(b) each Absolute Return ETF will be, immediately before purchase by the Fund of securities of that Absolute Return ETF, an investment company subject to the 40 Act in good standing with the SEC;

(c) each Absolute Return ETF will, immediately before the purchase by the Fund of securities of that Absolute Return ETF, not be a commodity pool (as defined under applicable U.S. laws) and its investment adviser will not be required to register as a commodity pool operator in the U.S. in connection with the Absolute Return ETFs;

(d) the Fund may not purchase securities of an Absolute Return ETF if, immediately after the purchase, more than 10 percent of the net assets of the Fund in aggregate, taken at market value at the time of purchase, would consist of Absolute Return ETFs and Commodity Products (as defined in the Commodity ETF exemption);

(e) the Fund will not short sell securities of an Absolute Return ETF;

(f) the securities of each Absolute Return ETF will continue to trade on NYSE Arca; and

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(g) the prospectus of the Fund discloses in the investment strategies section, that the Fund may invest in the Absolute Return ETFs and the Commodity Products, subject to the conditions established by this exemption and the Commodity ETF exemption. Foreign Government Debt Relief Standard Life Global Bond Fund (in this section, the “Fund”) obtained relief from the Canadian securities regulators to invest up to: (i) 20% of the Fund’s net asset value, taken at market value at the time of purchase, in evidences of indebtedness of any one issuer if those evidences of indebtedness are (1) issued, or guaranteed fully as to principal and interest, by a permitted supranational agency or governments other than the government of Canada, the government of a jurisdiction or the government of the United States of America, and (2) rated “AA” by Standard & Poor’s, or have an equivalent rating by one or more other approved credit rating organizations; and (ii) 35% of the Fund’s net asset value, taken at market value at the time of purchase, in evidences of indebtedness of any one issuer if those evidences of indebtedness are (1) issued, or guaranteed fully as to principal and interest, by a permitted supranational agency or governments other than the government of Canada, the government of a jurisdiction or the government of the United States of America, and (2) rated “AAA” by Standard & Poor’s, or have an equivalent rating by one or more other approved credit rating organizations, (such evidences of indebtedness are collectively referred to as “Foreign Government Securities”). The Fund will only invest in Foreign Government Securities that are traded on a mature and liquid market and where the acquisition of which is consistent with the fundamental investment objectives of the Fund. Description of the securities issued by the Funds Trust Funds A Trust Fund issues units. Each Trust Fund is divided into Series and may issue an unlimited number of units of equal value. The interest of each unitholder in a Trust Fund is shown by how many units are registered in the name of such unitholder. There is no limit to the number of units of each Trust Fund that can be issued and there is no fixed issue price. No unit in a Trust Fund has any preference or priority over another unit of the Trust Fund. With regard to any matter in respect of which the unitholders of any Series of a Trust Fund are entitled to vote separately as a Series or any matter that would affect unitholders of one or more Series of units of a Trust Fund in a manner materially different from the unitholders as a whole of the Trust Fund, a separate meeting of unitholders of the relevant Series shall be convened. See also Voting Rights below. No unitholder holds any assets of a Trust Fund. Unitholders have only those rights mentioned in this Annual Information Form, in the Simplified Prospectus and as created in the Declaration of Trust. Units of each of the Trust Funds have the following attributes:

All units of a particular Series of a Trust Fund have the right to participate equally in the distributions a Trust Fund makes (except in regard to the distribution of management fees). See also Income Tax Considerations.

the units have no voting rights except as described below; as the Trust Funds are trusts, there are no annual shareholders’ meetings;

upon the termination of a Trust Fund, the net assets of the Trust Fund will be distributed and all units in the Trust Fund will share in the value of the Trust Fund;

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there are no conversion rights;

there are no pre-emptive rights;

the units of a Trust Fund cannot be transferred except in limited circumstances;

there is no liability for further calls or assessments; and

the units of a Trust Fund may be sub-divided or consolidated by the Trustee.

Corporate Classes SLCCI is a mutual fund corporation incorporated under the laws of Canada on December 28, 2009. The authorized capital of SLCCI consists of an unlimited number of voting and non-participating shares, of which one is outstanding as of the date hereof and 1,000 special classes of non-voting, participating, redeemable mutual fund shares. Each Corporate Class represents one class of such mutual fund shares. Each Corporate Class share may further be divided into a maximum of 100 series consisting of an unlimited number of shares by the directors of SLCCI without the approval of the shareholders. SLCCI has a financial year end of December 31. Amalco will be a mutual fund corporation that will be formed by Articles of Amalgamation under the laws of Ontario. It is expected that the Corporate Amalgamation will occur on or about November 21, 2015. The authorized capital of Amalco will consist of an unlimited number of voting common shares and 1,000 special classes of convertible mutual fund shares. Each Corporate Class will represent one class of such mutual fund shares. Each Corporate Class share may further be divided into series consisting of an unlimited number of shares by the directors of Amalco without the approval of the shareholders. Amalco will have a financial year end of April 30. A Corporate Class refers to the assets and liabilities attributable to the classes of shares of the Manulife Mutual Fund Corporation that have the same investment objectives and strategies and thereby constitute a fund. Each Corporate Class share is non-assessable and fully paid when issued. Corporate Class shares have the following attributes, in accordance with corporate legislation:

Corporate Class shares have no voting rights except as described below;

upon the termination of a Corporate Class, the net assets of such Corporate Class will be

distributed and Corporate Class shares of such Corporate Class will share in the value of the Corporate Class;

there are no pre-emptive rights;

there are conversion rights which you exercise when you switch between Corporate

Classes;

the Corporate Class shares cannot be transferred except in limited circumstances;

there is no liability for further calls or assessments; and

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Corporate Class shares of a Corporate Class may be sub-divided or consolidated by the Manulife Mutual Fund Corporation.

The rights and conditions attaching to the Corporate Class shares of SLCCI are more fully set forth in the articles of incorporation of SLCCI and, subject to securities legislation, may be modified only in accordance with the articles of SLCCI and applicable corporate legislation. Fractions of Corporate Class shares may be issued which carry the same rights and privileges and are subject to the same restrictions and conditions applicable to whole Corporate Class shares, except that a fraction of a Corporate Class share does not carry any voting rights, when applicable, nor does it carry the right to receive dividends. See also Voting Rights below. The rights and conditions attaching to the Corporate Class shares of Amalco will be more fully set forth in the articles of amalgamation of Amalco and, subject to securities legislation, may be modified only in accordance with the articles of Amalco and applicable corporate legislation. Fractions of Corporate Class shares may be issued which carry the same rights and privileges and are subject to the same restrictions and conditions applicable to whole Corporate Class shares, except that a fraction of a Corporate Class share does not carry any voting rights, when applicable, nor does it carry the right to receive dividends. See also Voting Rights below Each Corporate Class share entitles the holder thereof to participate pro rata with respect to all dividends of the same Series of a Corporate Class. These dividends are non-cumulative. If a Corporate Class or a particular Series of a Corporate Class is ever terminated, each Corporate Class share will participate equally with every other Corporate Class share of the same Series in the assets of the Corporate Class after all of the liabilities of the Corporate Class (or those allocated to the Series being terminated) have been paid. See also Income Tax Considerations. Voting rights All Funds Subject to certain exceptions, such as those found in part 5 of NI 81-102, the following changes cannot be made to a Fund unless a majority of securityholders in a Fund approve:

a change in the basis of calculation of a fee or expense that is charged to the Fund, or directly to its securityholders by a Fund or by MAML in connection with the holding of the securities issued by a Fund, in a way that could result in an increase in charges to the Fund or to its securityholders above the maximum amounts set out in the Simplified Prospectus;

the introduction of a fee or an expense, to be charged to a Fund, or directly to the securityholders by a Fund or by MAML in connection with the holding of the securities issued by a Fund, that could result in an increase in charges to the Fund or to its securityholders;

a change in the investment fund manager of the Fund (other than to an affiliate of MAML);

a change in the fundamental investment objectives of the Fund;

a reorganization of a Fund into a non-redeemable investment fund or other issuer that is

not an investment fund.

In certain circumstances, such transaction may be carried out without the prior approval of the securityholders of a Fund provided that the IRC of the Fund approves the transaction,

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the transaction complies with certain requirements of applicable securities regulations and the securityholders of the Fund are sent a written notice at least 60 days before the effective date of the change;

if the net asset value of a Fund will be calculated less often; or

any other matter that is required by the Declaration of Trust of the Trust Funds or by the articles for the Corporate Class, by the laws applicable to the Funds or by any agreement to be submitted to a vote of the securityholders of a Fund.

Trust Funds The Declaration of Trust also requires the approval of at least a majority of the votes cast by unitholders at a meeting called to approve any of the following:

to modify the rights of unitholders with respect to the outstanding units of the Trust Funds by reducing the amount payable thereon upon liquidation of the Trust Funds; or

to diminish or eliminate voting rights attached to the units.

At any meeting of unitholders, each unitholder will be entitled to one vote for each whole unit registered in the unitholder’s name. Each unitholder will also be entitled to receive an equal portion of all payments made to unitholders in the form of income or capital distribution and participate equally in the net assets of the Trust Fund remaining after satisfaction of outstanding liabilities if the Fund is liquidated. MAML, as Trustee of the Trust Funds, will give unitholders of each Fund 60 days’ notice of any other amendment to the Declaration of Trust except that MAML may amend the Declaration of Trust without approval of or notice to unitholders of the Trust Fund, if the proposed amendment:

is intended to provide additional protection for unitholders or is not expected to materially adversely affect the interests of unitholders;

is intended to ensure compliance with applicable laws, regulations, rules or policies;

is intended to remove conflicts or inconsistencies or to correct typographical, clerical or other errors;

is intended to facilitate the administration of the Trust Fund or to respond to amendments

to the ITA that might otherwise adversely affect the interests of the Trust Fund or its unitholders;

is intended to modify the name of a Trust Fund;

is intended to create a new Series of units or add a Series to a Trust Fund; or

is intended to allow technical amendments that are required to proceed with a

reorganization, a merger or similar transaction of a Trust Fund. Corporate Class Except as otherwise stated herein, or in accordance with securities and corporate laws, a Corporate Class share has no voting rights. Should a Corporate Class share have voting rights, at a meeting of Corporate Class shareholders, each Corporate Class shareholder shall have

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one vote for each whole Corporate Class share held as determined as at the close of business on the record date for voting for each such meeting. A fraction of a Corporate Class share does not carry any voting rights. With regard to any matter in respect of which the shareholders of a particular Corporate Class are entitled to vote separately as a Corporate Class or any matter that would affect shareholders of one or more Corporate Class shares in a manner materially different from the shareholders of the other Corporate Classes, a separate meeting of shareholders of the relevant Corporate Class shall be convened. Similarly, on any matter in respect of which the shareholders of any Series of a Corporate Class are entitled to vote separately as a Series or any matter that would affect shareholders of one or more Series of Corporate Class shares of a Corporate Class in a manner materially different from the shareholders as a whole of the Corporate Class, a separate meeting of shareholders of the relevant Series shall be convened. Calculation of net asset value You buy, switch or redeem a series of securities of a Fund at the net asset value (“NAV”) per security of that series. The NAV is determined for each series of a Fund after the close of regular trading on the Toronto Stock Exchange (“TSX”) each trading day. A “trading day” is any day that the TSX is open for trading or such other time as the Manager deems appropriate. If we receive your order at our Order Receipt Office to buy, switch or redeem before 4:00 p.m. Toronto Time on a trading day and all required money and documents are received in good order, it will be priced as of that date. Otherwise, it will be priced as of the next trading day. If the TSX closes earlier than 4:00 p.m. Toronto Time, we may impose an earlier deadline. The method to calculate the unit or share price is set out in the Simplified Prospectus of the Funds, under Purchases, Switches and Redemptions. The unit price of the Standard Life Money Market Fund is variable because the Fund’s investments are valued at market value, which includes accrued interest, and because the Fund does not allocate or distribute income on a daily basis. The majority of money market funds in the industry value the instruments at cost plus accrued interest, allocate net income and net gains on a daily basis and distribute these amounts monthly, which enables the funds to maintain a fixed net asset value. The unit or share price is the price for all transactions, including reinvestment of distributions and redemptions. The purchase or redemption price is based on the net asset value per unit or share of a Series of a Fund next determined after the receipt of a purchase or redemption order at our head office. The net asset value and the unit or share price of the Funds are available from us, upon request, at no cost, by phone at 1-888-588-7999 or by email at [email protected]. The unit or share price is also available at manulifemutualfunds.ca.

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Valuation of Fund securities The value of a Fund’s assets is determined as follows for determining the unit or share price for transactions. Valuation for financial statement purposes is as disclosed in the financial statements.

cash, bills and demand notes and accounts receivable, prepaid expenses, dividends and

interest declared and accrued and not yet received will be valued at the cost amount unless MAML has determined that any of these assets is not worth the full amount, in which event MAML will determine a value which it deems more accurately reflects the fair value of these assets;

term deposits, commercial paper, banker’s acceptances, treasury bills and short term debt obligations will be valued at market value (the market value for short term investments is determined by taking the bid quotation obtained from a recognized investment dealer). If MAML deems that the foregoing calculation methods do not accurately reflect the fair value of the asset, it may make such determination otherwise, acting reasonably;

bonds and asset-backed securities are valued on the basis of the median of the bid and

ask quotations obtained from one or more recognized investment dealers;

equity securities listed or traded on a stock exchange will be valued at the closing price on the “recognized stock exchange” (as defined in the ITA) on which the securities are listed or principally traded when available. If none is available, MAML generally uses, for each security, the average of the latest bid or ask price or any other similar quote that MAML determines best reflects the value of the asset. Equity securities not traded on the valuation date will be valued based on the value determined by MAML that most accurately reflects the fair value of these securities;

for securities traded on stock exchanges located outside Canada and the United States of America, MAML attributes values to those securities that appear to reflect their fair value as faithfully as possible at the time the net asset value is calculated. The information used to establish that fair value comes from a recognized source;

unlisted equity securities will be valued at their last ascertainable sale price or in the

absence of any sale price or in the event MAML is of the opinion that such ascertained sale price does not accurately reflect the value of the security, MAML may determine a value which it deems more accurately reflects the fair value of these securities;

futures or options traded on a public exchange will be valued at the published settlement price of the instruments;

forward contracts and swaps will be valued on the basis of the gain or loss on the contract

that would be realized if the position in the forward contract or swap were closed out on the valuation date;

securities issued by other mutual funds not traded on a stock exchange will be valued on

the basis of their net asset value per unit on the valuation date;

securities issued by other mutual funds listed or traded on a stock exchange will be valued at the closing price on the recognized stock exchange on which the securities are listed or principally traded;

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all other assets and liabilities of a Fund will be valued at cost or at a value MAML deems

most accurately reflects the fair value of these assets and liabilities;

assets and liabilities denominated or priced in foreign currency will be converted to Canadian dollars to reflect the rate of exchange existing on the valuation date;

clearing corporation options, options on futures, over-the-counter options, debt-like

securities and listed warrants will be valued at their current market value;

upon writing a covered clearing corporation option the premium received will immediately be offset by a deferred credit and thereafter, so long as an open position is maintained, such deferred credit will be valued at an amount equal to the current market value of an option that would have the effect of closing the writer’s position and any difference resulting from revaluation will be treated as an unrealized gain or loss on investment and such deferred credit will be deducted in arriving at the net asset value of the Fund;

If MAML deems that the foregoing calculation methods do not accurately reflect the fair value of the asset, it may deviate from these valuation practices and exercise its discretion to determine the fair market value where this would be appropriate. For example, this may occur if trading in a security was suspended because of significant negative news about a company. The Manager has exercised its discretion in determining the fair market value of various securities in the past three years for example, where the securities in question were privately placed, due to market suspensions for the securities involved, due to the securities being thinly traded, or the primary exchange on which the security is traded was closed due to a local statutory holiday.

The valuation rules are subject to the directions of any competent regulatory authority having jurisdiction. We implement fair value pricing with a view to deter excessive short-term trading in the Funds and to mitigate market timing opportunities. Fair value pricing is designed to provide a more accurate NAV by making fair value factor adjustments to quoted or published prices of the non-North American securities for significant events occurring between the earlier close of non-North American markets and the time at which NAV is determined. The value of a Fund’s liabilities is determined as follows for determining the unit or share price for transactions. Valuation for financial statement purposes is as disclosed in the financial statements. The liabilities of a Fund shall include:

all bills and accounts payable;

all fees and administrative expenses payable and/or accrued by the Fund including fees and expenses payable to MAML;

all contractual obligations for the payment of money or property, including the amount of

any unpaid distribution to securityholders of the Fund, and including the amount of any management fee rebate distribution to the holders of units or shares entitled to them;

all allowances authorized or approved by MAML for taxes or contingencies; and

all other liabilities of the Fund.

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Purchase of units or shares You can buy securities of the Funds through your registered dealer. Your dealer works with you to determine your financial goals, investment time horizon, risk tolerance and present financial situation, and then creates a portfolio that matches your profile. Our affiliate, MAMII, is the principal distributor of securities of the Funds. See “Responsibility for Fund Operations - Principal Distributor” for more information.

The minimum amounts for initial investments in each Series, including for plans forming part of our Optional Services, are described in the Simplified Prospectus. Some Funds offer Series G, Series M and Series X securities and the Standard Life Canadian Equity Growth Fund offers Series I securities, which are not available for sale under the Simplified Prospectus and this Annual Information Form. Series X refers to the X series of securities of one or more Funds, which were, as applicable, formerly referred to as O-Series 2. Series G, Series M and Series X securities will be offered, at our discretion, to certain securityholders, in reliance upon prospectus exemptions under securities legislation. Series E and Legend Series securities are no longer available for sale under the Simplified Prospectus and this Annual Information Form. There is no maximum limit to the number of units or shares a securityholder may purchase in a Fund. The unit or share price is the price for all transactions, including purchases of units or shares. The purchase price is based on the net asset value per unit or share of a Series of a Fund next determined after the receipt of a purchase order at our head office. The choice of different purchase options requires you to pay different fees and expenses and will affect the amount of compensation paid to a dealer. For more information, see the section titled Purchases, Switches and Redemptions – Buying Securities in the Simplified Prospectus. Your dealer will forward your purchase order and payment to our Order Receipt Office without cost to you on the same day it is received from you. If we receive your properly completed order at our Order Receipt Office before the close of regular trading on the TSX (which is generally 4:00 p.m. Toronto Time), unless the TSX closes earlier in which case the deadline may be earlier, we will process your order at the NAV per security for that series of securities on that date. Otherwise, we will process your order at the NAV per security for that series of securities on the next trading day. For reinvested distributions or dividends, the purchase price is the first NAV per security for that series of securities determined after the distribution or the dividend payment. We must receive payment within three business days of receiving your order or one trading day for the Standard Life Money Market Fund or for the Standard Life Short Term Yield Class. Units or shares may be issued in exchange for cash or for acceptable securities that are qualified investments for the Fund. If we do not receive payment -within this period, we are required to redeem your units or shares on the next trading day. If the proceeds are greater than the payment you owe, the Fund will keep the difference. If the proceeds are less than the payment you owe, we must pay the Fund the difference and we will collect this amount plus any costs and interest from your dealer, which may have the right to collect it from you. Your dealer may make provision in an arrangement it has with you that will require you to compensate it for any amounts we collected from it. Each Fund may accept or reject a purchase order, in whole or in part, within one trading day of the order. If a purchase order is rejected, MAML will return the monies received immediately.

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Securityholders who engage in excessive trading generate significant additional costs that are borne by all securityholders in a Fund, including long-term securityholders who do not generate these costs. As a result, we may refuse your order or impose a fee in certain circumstances, as more fully described in the Simplified Prospectus under Short-term trading. Switches A switch involves moving money from one Manulife Fund to another Manulife Fund or from one series of a Fund to another series of the same Fund. We describe these kinds of switches below. You can switch from Advisor Series securities, Series D securities, Series F securities, Series I securities or Series T securities of one of the Funds to securities of another Manulife Trust Fund or Manulife Corporate Class of the same Series and sales charge option, subject to meeting the eligibility requirements of the Funds into which you are switching, through your dealer. Your dealer may request that the Manager switch your standard deferred sales charge securities or low-load sales charge securities into front-end sales charge securities of the same series of securities of the same Fund. It is the Manager’s expectation that a dealer making such a request will act in accordance with the Mutual Fund Dealers Association of Canada (“MFDA”) and the Investment Industry Regulatory Organization of Canada regulations, as applicable, including obtaining your prior consent to the switch of your standard deferred sales charge securities or low-load sales charge securities into securities of the same series of the same Fund carrying a front-end sales charge. Certain switches of standard deferred sales charge securities or low-load sales charge securities will result in an increased trailing commission being payable to your dealer at the rates indicated in the table under “Trailing Commissions” in the simplified prospectus. If you are switching securities you purchased under the standard deferred sales charge option into securities of a Manulife Fund under the standard deferred sales charge option, the new securities will have the same standard deferred sales charge schedule. If you are switching securities you purchased under the low-load sales charge option into securities of a Manulife Fund under the low-load sales charge option, the new securities will have the same low-load sales charge schedule. We recommend that you only switch securities bought by the same sales charge option, as this will avoid unnecessary additional charges. The following switches are not permitted: Switches of standard deferred sales charge securities to low-load sales charge securities (or

vice versa); and Switches of securities of Funds purchased or acquired prior to the date of this annual

information form (including through PAC Plans that were entered into prior to the date of this annual information form), and that maintain the redemption rates indicated in the simplified prospectus under which they were originally purchased, to securities of Manulife Funds with the redemption rates described in the simplified prospectus under which they are offered.

Switching Between Manulife Trust Funds A switch from one Manulife Trust Fund to another Manulife Trust Fund constitutes and has the same tax consequences as a redemption of the securities currently held and a purchase of new securities. See “Income Tax Considerations”. For example, if you switched from Advisor Series securities of Standard Life Canadian Bond Fund to Advisor Series securities of Manulife Global Equity Unconstrained Fund, we would redeem your Advisor Series securities of Standard Life

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Canadian Bond Fund and use the proceeds to buy Advisor Series securities of Manulife Global Equity Unconstrained Fund. This could result in you realizing a capital gain or capital loss on your Advisor Series securities of Standard Life Canadian Bond Fund if you hold your securities in a non-registered account. Switching Between Manulife Corporate Classes Following the Corporate Amalgamation Following the Corporate Amalgamation, all of the Manulife Corporate Classes will be classes of mutual fund shares of the same mutual fund corporation. At such time, a switch, excluding the redemption of securities to pay for switch fees, if any, from one Manulife Corporate Class to another Manulife Corporate Class will be a conversion. A conversion is not a taxable transaction to you (so long as your securities are capital property to you) because you exchanged your securities for other securities of the same mutual fund corporation. The switch occurs on a tax-deferred “rollover” basis and therefore you will not realize a capital gain or capital loss on the switch. In certain circumstances, however, the switch may accelerate the time at which the Manulife Mutual Fund Corporation realizes gains and pays capital gains dividends which may result in taxable income to you. The cost of the securities of the new Manulife Corporate Class acquired on a switch will be equal to the adjusted cost base of the securities of the previously-owned Manulife Corporate Class (subject to any requirement to “average”). See “Income Tax Considerations”. Prior to the Corporate Amalgamation Prior to the Corporate Amalgamation, switches between securities of the Corporate Classes will be conversions. The income tax implications of conversions are as described above. However, prior to the Corporate Amalgamation, the Corporate Classes and the Other Manulife Corporate Classes will be in different mutual fund corporations. As a result, a switch between a Corporate Class and an Other Manulife Corporate Class will result in a redemption for tax purposes of the securities of the Manulife Corporate Class you own and switched from and a purchase of securities of the new Manulife Corporate Class. That means you may realize a capital gain as a result of the redemption. See “Income Tax Considerations For Investors”. Switching Between Manulife Trust Funds and Manulife Corporate Classes If you switch between a Manulife Trust Fund and a Manulife Corporate Class, there will be a redemption for tax purposes of the securities of the Manulife Fund you own and switched from and a purchase of securities of the new Manulife Fund. That means you may realize a capital gain as a result of the redemption. See “Income Tax Considerations”. The sales charge option you chose when you bought the original securities applies to the switched securities, as follows: When you switch securities bought with the front-end option, you will not pay any additional

sales charges but your dealer may charge you a switch fee. A Manulife Fund may also charge you a short-term trading fee of up to 2% (of the NAV of your securities) if you switch your securities within 30 days of buying them. See “Fees and Expenses” in the simplified prospectus. When you switch securities bought with the deferred sales charge option, you will not pay a

redemption fee but your dealer may charge you a switch fee. The redemption fee on the new securities is based on the date and original purchase price of the securities before the switch. A Manulife Fund may also charge you a short-term trading fee of up to 2% (of the NAV of your

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securities) if you switch your securities within 30 days of buying them. See “Fees and Expenses” in the simplified prospectus.

Switching Between Series of Funds Switching between series of the same Trust Fund is called a reclassification while a switch between series of the same Corporate Class is called a conversion. You may, at any time, reclassify or convert, as the case may be, any securities from one series into another series of the same Fund, subject to meeting the eligibility requirements of the series into which you are reclassifying or converting your securities and subject to the sales commissions available on the purchase of Advisor Series securities or Series T securities, as applicable. You may have to pay your dealer and/or the Fund certain fees in connection with any such reclassification or conversion. Your dealer may charge you a switch fee, and the Fund may charge you a short-term trading fee of up to 2% (of the net asset value of your securities) if you switch your securities within 30 days of buying them. See “Fees and Expenses”. Based in part on the administrative practice of the Canada Revenue Agency ("CRA"), a reclassification is not considered a disposition for tax purposes. As noted above, a conversion occurs on a tax deferred “rollover” basis. Therefore, such reclassification or conversion of securities will not trigger a capital gain or capital loss. See “Income Tax Considerations”. If your securities were purchased under the deferred sales charge option, you will be required to pay any applicable deferred sales charge (as if such securities were being redeemed) before you reclassify or convert your securities into Series F securities. If you are reclassifying or converting between Advisor Series securities and Series T securities purchased under the standard deferred sales charge option or low-load sales charge option, you pay no standard deferred sales charge or low-load sales charge at the time of the reclassification or conversion and the new securities will have the same standard deferred sales charge or low-load sales charge schedule. Redemptions Your dealer will forward your application for redemption to our Order Receipt Office when he or she receives it from you. Your written redemption order must have your signature guaranteed by your dealer for your protection if the proceeds of redemption are $25,000 or greater or are being sent to a different payee, and may be required if the proceeds are being sent to a different address than what we have on file, unless the payee or address is the registered dealer or the financial institution in trust for the payee.

If we receive your properly completed redemption order at our Order Receipt Office before the close of regular trading on the TSX on any business day (generally at 4:00 p.m. Toronto Time), we will process your order at the applicable NAV per security for that series of securities on that date. Otherwise, we will process your order at the applicable NAV per security for that series of securities on the next business day.

The rules for redeeming your securities in a Fund are as follows:

■ We will remit your payment within three (3) business days of receiving all necessary documentation and the original payment for the securities to be redeemed have cleared the Canadian banking system. We will mail a cheque to the redeeming account holder unless instructed otherwise in your redemption order.

■ If we do not receive all the documentation we need from you to complete the redemption order at our Order Receipt Office within ten (10) business days of processing your order, we

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must repurchase, on your behalf, the same number of securities that you wished to redeem. The security price may be different on the date of such repurchase from the date of processing your redemption order. If the cost of the repurchase is less than the proceeds of the original redemption order, the Fund keeps the difference. If the cost of the repurchase is greater than the proceeds of the original redemption order, we will pay the Fund the difference. We may collect this difference from your dealer, who may collect it from you.

If at any time you request a partial redemption of your securities so that the aggregate NAV of your securities of a series of a Fund would be less than $500, we may require that all your securities of that series of that Fund be redeemed after we provide you with at least 30 days’ written notice.

Under extraordinary circumstances, including the following, we may suspend your right to redeem securities of a Fund:

■ If normal trading is suspended on a stock exchange or market on which securities or specified derivatives are traded that represent more than 50% of the Fund’s total assets by value, or underlying market exposure, and if those securities or specified derivatives are not traded on any other exchange that represents a reasonably practical alternative for the Fund.

■ With the consent of the securities regulatory authorities, if we cannot determine the value of the assets of the Fund.

If we suspend trading in a Fund and you had requested a redemption of your securities in that Fund, you can withdraw your request or receive payment based on the first NAV per security determined after the end of the suspension.

Securities redeemed that were originally purchased through a pre-authorized chequing plan will be withheld to ensure the money has been successfully received from your banking institution. This withholding period will be ten (10) calendar days from the pre-authorized chequing plan trade date.

We intend to observe all redemption policies that may be implemented from time to time by industry participants such as FundSERV, the provider of the transaction system used by mutual funds in Canada. Responsibility for operations of the Funds Investment Fund Manager MAML is the investment fund manager of each of the Funds. The address, phone number and website address of MAML are, respectively, Manulife Asset Management Limited, through its operating division, Manulife Investments, 200 Bloor Street East, North Tower 4, Toronto, Ontario, M4W 1E5, 1-888-588-7999 and manulifemutualfunds.ca. You can contact us by e-mail at [email protected]. MAML manages the Funds pursuant to the terms of the management agreement. As Manager of the Funds we:

Manage the overall activities and operations of the Funds Provide or arrange for investment management and administrative services for the

Funds including, but not limited to, all investment services and all services related to issuing, distributing and redeeming securities of each Fund. Certain of such administrative services may be provided from countries outside of Canada

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Provide all necessary information to securityholders of each Fund The management agreement continues indefinitely unless terminated:

by the Trustee if votes representing two-thirds of the outstanding units present or represented at a meeting of securityholders of each Trust Fund approve the termination and if the Trustee gives 90 days’ prior written notice to MAML;

by SLCCI if votes representing two-thirds of the outstanding shares present or represented at a meeting of securityholders of each Corporate Class approve the termination and if SLCCI gives 90 days’ prior written notice to MAML;

by MAML if the majority of the votes cast at a meeting of securityholders of each Fund approves the termination;

at the request of MAML upon 90 days’ prior written notice to the Trustee or SLCCI, as

applicable; or

if the termination is agreed to by the Trustee and MAML, or by SLCCI and MAML, if the majority of securityholders of each Fund approves the termination.

Each Fund pays us a management fee for the services we provide. The fee borne by each series of securities of a Fund is different. The fee is a percentage of the daily average net asset value of the particular series of securities of the Fund. No fee is borne by the Series I securities of a Fund. Securityholders of Series I securities of the Funds pay a management fee directly to us. For more information, please refer to the individual Fund descriptions in the simplified prospectus. The management fees will be calculated daily, based on the net asset value of each series of the Funds on each trading day. Any increase in management fees will require securityholder approval. The name and municipality of residence, position and principal occupation of each of the directors and executive officers of the Manager acting in connection with the Funds are as follows: Directors and Executive Officers of MAML

Name and municipality of residence

Office with MAML Current Principal Occupation

Richard B. Coles Toronto, Ontario

Director Retired executive

Barry H. Evans Needham, Massachusetts

Director Manulife Asset Management – Global Head, Strategy and Solutions, Global Chief Operating Officer and President, US

J. Roy Firth Toronto, Ontario

Director and Chairman

Retired executive

Bruce Gordon Waterloo, Ontario

Director Retired executive

Paul Lorentz Waterloo, Ontario

Director Executive Vice President and General Manager, Retail Markets, MLI

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Office with MAML Current Principal Occupation

Roger Renaud Montreal, Quebec

Director President Canada, Manulife Asset Management

Paul Rooney Kitchener, Ontario

Director Senior Executive Vice President & Chief Operating Officer, MLI and Manulife

Kai Sotorp Toronto, Ontario

Director, Chief Executive Officer, Ultimate Designated Person and President

President & Chief Executive Officer of Manulife Asset Management and Executive Vice President, Global Head of Wealth and Asset Management, MLI

Warren Thomson Toronto, Ontario

Director Senior Executive Vice President and Chief Investment Officer, MLI and Manulife, Chairman, Manulife Asset Management

Yanic Chagnon Boucherville, Quebec

Vice President, Investment Products

Vice President, Investment Products, Retail Markets, MLI

Lisa Forbes Oakville, Ontario

Vice President Vice President & Chief Financial Officer, Retail Markets, Canadian Division, MLI

Gorkem Gurgun Toronto, Ontario

Controller Managing Director & Controller, Manulife Asset Management Canada and Controller, MAML

Joanne Keigan Dartmouth, Nova Scotia

Vice President Vice President Individual Administration and Support, MLI

Bernard Letendre Toronto, Ontario

Senior Vice President

Senior Vice President and Head of Investments, Retail Markets, MLI

Anick Morin Montreal, Quebec

Associate General Counsel and Assistant Secretary

Assistant Vice President and Lead Counsel, Investments, MLI

Lucas Pontillo Toronto, Ontario

Chief Financial Officer

Vice President, Global Chief Financial Officer, Manulife Asset Management, MLI and Chief Financial Officer, MAML

Warren Rudick Toronto, Ontario

General Counsel and Secretary

Managing Director & General Counsel, Manulife Asset Management Canada

Christopher Walker Stirling, Ontario

Chief Compliance Officer

Chief Compliance Officer, MAML

Except as indicated below, each of the directors and executive officers listed above holds the office noted opposite his or her name or has held a similar office in a predecessor company or an affiliate during the five years preceding the date of this annual information form. Mr. Barry H. Evans joined the MAML Board of Directors in March 2013. In addition to his role as a Director of Manulife Asset Management Limited and to his current principal occupation, Mr. Evans is also, among other duties, Director, Chairman and President of Manulife Asset Management (US) LLC. Previously, Mr. Evans has acted as Manulife Asset Management’s Global Chief Investment Officer for Fixed Income and Asset Allocation. He has been with entities now affiliated with MLI since 1986.

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Ms. Joanne Keigan was appointed Vice President of MAML in June 2013. However, Ms. Keigan has had various roles at MLI, including Vice President, Group Operations from April 2004 to March 2013. She has been Vice President, Individual Administration and Support since March 2013. Mr. Lucas Pontillo was appointed Chief Financial Officer of MAML in August 2013. Currently, Mr. Pontillo is Vice President, Global Chief Financial Officer - Manulife Asset Management, in MLI's Investment Division. Previously, Mr. Pontillo was based in Asia as Chief Financial Officer of Manulife Asset Management (Hong Kong) Limited and also oversaw Product Development and Business Development for Manulife Asset Management across the Asia region. Mr. Pontillo joined MLI in 2006 in the Treasury-Capital Markets group and has also been a member of the company’s Corporate Development team, with a focus on business strategy and acquisitions in asset management. Mr. Warren Rudick joined MLI in November 2009, and is Managing Director & General Counsel, Manulife Asset Management Canada. Prior to his current appointment as General Counsel and Secretary of MAML in June 2014, he had been Associate General Counsel and Assistant Secretary since December 2010. Before joining MLI in November 2009, Mr. Rudick was Assistant Vice President, Legal at Mackenzie Financial Corporation, where he worked since 2001. Mr. Gorkem Gurgun was appointed Controller of MAML in July 2014. Prior to this appointment, Mr. Gurgun was Managing Director and Controller of Manulife Asset Management Canada, in MLI's Investment Division from October 2013. Prior to joining Manulife, Mr. Gurgun was with State Street Corporation, where he was an Assistant Vice President in the Alternative Investment Solutions Group from May 2011 to October 2013. Between November 2006 and April 2011, Mr. Gurgun was with PricewaterhouseCoopers LLC, where he was a Lead Manager in the Asset Management practice. Prior to joining MLI in July 2014, Mr. Kai Sotorp was Head of Asia Pacific, Group Managing Director at UBS Global Asset Management (Hong Kong) from 2012 to 2014. Mr. Sotorp was a Senior Advisor at Florida Equity Partners from 2011 to 2012. Between 2003 and 2011, Mr. Sotorp was Group Managing Director at UBS Global Asset Management (Americas). Mr. Christopher Walker was appointed Chief Compliance Officer of MAML in September 2014. However, Mr. Walker has had various roles at MLI since 1989 including his current role of Chief Compliance Officer, MAML. Ms. Anick Morin was appointed Associate General Counsel and Assistant Secretary of MAML in June 2015. Currently, Ms. Morin is Assistant Vice President and Lead Counsel, Investments, MLI having joined MLI in May 2015. Prior to joining MLI, Ms. Morin worked as Associate General Counsel, Retail at Standard Life Assurance Company of Canada (“Standard Life”) from February 2014 to May 2015. Prior to joining Standard Life, she was a partner at Borden Ladner Gervais LLP. Mr. Yanic Chagnon was appointed Vice-President, Investments Products, Retail Markets at MLI in April 2015. Prior to joining MLI, Mr. Chagnon worked as Vice-President, Retail Solutions at Standard Life from April 2013 to April 2015. Prior to joining Standard Life, he held the following positions at National Bank of Canada (from January 2009 to April 2013): Vice-President, Engineering Managed Solutions and Managing Director, Investment Solutions. Prior to joining Manulife Asset Management in January 2015, Mr. Roger Renaud was President of Standard Life Investments Inc. in Canada, having held that position since 2005.

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Mr. Bernard Letendre was appointed Senior Vice President of MAML in March 2015. Prior to this appointment, Mr. Letendre was Vice President and Managing Director, Manulife Private Wealth. Between 2009 and 2011, Mr. Letendre was Regional Vice President, Eastern Canada, Wealth Management with MLI. Ms. Lisa Forbes was appointed Vice President of MAML in March 2015. However, Ms. Forbes has had various roles at MLI since 2004 including her current role of Vice President and Chief Financial Officer, Retail Markets, Canadian Division. Manulife is a Canadian-based financial services organization with principal operations in Asia, Canada and the United States. Manulife Asset Management is the global division of Manulife that provides comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. Portfolio Advisor and Sub-Advisors A portfolio advisor manages the investment portfolio of the Funds in accordance with the investment objectives, restrictions and practices described in the Declaration of Trust and the Simplified Prospectus of the Funds and is responsible for providing investment analysis and recommendations, making investment decisions and brokerage arrangements with respect to the purchase and sale of investments of the Funds. Each portfolio advisor receives a fee from MAML for the portfolio advisory services it provides. This fee is based on the assets of each Fund at a rate per annum determined by the parties and is not charged to the Funds. As primary portfolio advisor, MAML maintains responsibility for the overall management of the investment portfolio of the Funds at all times, with the exception of the Funds under the portfolio management of Beutel, Goodman & Company Ltd. and Guardian Capital LP. Investment decisions made by MAML are not subject to the oversight, approval or ratification of any committee. Investment decisions made by the individual sub-advisor managers at Standard Life Investments - USA and Standard Life Investments – UK are not subject to the approval or ratification of a committee. However, each of Standard Life Investments - USA and Standard Life Investments – UK operates under the global Investment Risk Management Policy establishing a comprehensive investment governance structure covering a wide range of oversights and controls with respect to permitted investment activities, investment risks, trade order management, and investment personnel management. Standard Life Investments’ global Investment Governance Team is responsible for ensuring that investment portfolios are being managed within agreed mandates and within each client’s/entity’s tolerance for investment risk. MAML provides investment advisory and portfolio management services in connection with each of the Funds, except for the Standard Life Canadian Equity Value Fund, the Standard Life Canadian Equity Growth Fund, the Standard Life Global Equity Value Fund, the Standard Life U.S. Equity Value Fund and the Standard Life U.S. Equity Value Class. MAML has entered into a portfolio manager agreement dated October 1, 1992, as amended from time to time. The portfolio manager agreement continues indefinitely unless terminated by MAML at its discretion, upon notice.

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Effective on or about January 4, 2016, MAML will retain Mawer, Standard Life Investments – UK, Standard Life Investments –USA, MAM US, MAM Hong Kong and MAM Europe as sub-advisors to provide investment advisory and portfolio management services to some of the Funds, as set forth in the Simplified Prospectus of the Funds, under Organization and Management of the Manulife Mutual Funds and in the Fund details section of each Fund. MAML will be entering into a sub-advisory agreement with Mawer on or before the Effective Date of the Mergers of Standard Life International Equity Fund and Standard Life European Equity Fund. The registered head office of Mawer is 517 – 10th Avenue SW, Suite 600, Calgary, Alberta, T2R 0A8. The sub-advisory agreement will continue indefinitely unless terminated by one of the parties by giving the other party 30 days’ prior written notice. As compensation for its services, Mawer will receive a fee from MAML. This fee will be based on the assets of each Fund at a rate per annum determined by the parties and is not charged to the Funds. MAML has entered into an amended and restated sub-advisory agreement with Standard Life Investments – UK dated October 8, 2013, as amended April 4, 2014. The registered head office of Standard Life Investments – UK is 1 George Street, Edinburgh, Scotland, EH1 2DH. The amended and restated sub-advisory agreement continues indefinitely unless terminated by one of the party by giving the other party 90 days’ prior written notice. As compensation for its services, Standard Life Investments – UK receives a fee from MAML. This fee is based on the assets of each Fund at a rate per annum determined by the parties and is not charged to the Funds. MAML has also entered into an amended and restated sub-advisory agreement with Standard Life Investments - USA dated April 4, 2014. The trading office of Standard Life Investments - USA is located at One Beacon Street, 34th Floor, Boston MA M802108, United States and its registered head office is 1 George Street, Edinburgh, Scotland, EH1 2DH. The amended and restated sub-advisory agreement continues indefinitely unless terminated by one of the party by giving the other party 90 days’ prior written notice. As compensation for its services, Standard Life Investments – USA receives a fee from MAML. This fee is based on the assets of each Fund at a rate per annum determined by the parties and is not charged to the Funds. MAML has also entered into an investment management agreement with MAM US dated May 28, 2015. The head office of MAM US is located at 197 Clarendon Street, Boston, Massachusetts 02116, United States. The investment management agreement continues indefinitely unless terminated by one of the parties by giving the other party 30 days’ prior written notice. As compensation for its services, MAM US receives a fee from MAML. This fee is based on the assets of each Fund at a rate per annum determined by the parties and is not charged to the Funds. MAML has also entered into an investment management agreement with MAM Hong Kong dated May 28, 2015. The head office of MAM Hong Kong is located at 47/F, The Lee Gardens, 33 Hysan Avenue, Causeway Bay, Hong Kong. The investment management agreement continues indefinitely unless terminated by one of the parties by giving the other party 30 days’ prior written notice.

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As compensation for its services, MAM Hong Kong receives a fee from MAML. This fee is based on the assets of each Fund at a rate per annum determined by the parties and is not charged to the Funds. MAML will also enter into an sub-advisory agreement with MAM Europe on or before January 4, 2016. The head office of MAM Europe is located at 18 St. Swithin’s Lane, London, EC4N 8AD, United Kingdom. The sub-advisor agreement will continue indefinitely unless terminated by one of the parties by giving the other party 30 days’ prior written notice. As compensation for its services, MAM Europe will receive a fee from MAML. This fee will be based on the assets of each Fund at a rate per annum determined by the parties and is not charged to the Funds. MAML may provide investment advisory services to other clients who may have investment objectives similar to those of the Funds. If MAML has determined to buy or sell the same investment of a Fund and, for one or more clients, the orders for such investment will be placed for execution by methods determined by MAML to be fair and equitable in order to seek favorable results for all of its clients. MAML The following employees of MAML are principally responsible for the day-to-day management of a material portion of the portfolio of the Funds, as of the date of this document:

Name Title Length of Service

Giampiero Jean-Pierre D’Agnillo

Vice-president Fixed Income Investment, Portfolio Manager

16 years*

Susan Da Sie Senior Vice-President, Canadian Equities 7 years* Faisal Rahman Managing Director 14 years Geir Rune Johnskareng Portfolio Manager, Equities 10 years* Marie-Ève Savard Portfolio Manager, Equities 8 years* Steve Belisle Portfolio Manager, Equities 10 years* Christopher Mann Portfolio Manager, Equities 5 years* Cordell Tanny Director, Portfolio Analytics 4 years* Terry Carr Senior Managing Director, Head of

Canadian Fixed Income 13 years

Hosen Marjaee Senior Managing Director and Senior Portfolio Manager, Canadian Fixed Income

10 years

Richard Cortese Managing Director, Fixed Income 6 years Richard Kos Managing Director and Senior Portfolio

Manager, Fixed Income 11 years

Konstantin Kizunov Managing Director and Senior Portfolio Manager, Fixed Income

19 years

Ara Froundjian Portfolio Manager, Fixed Income 7 years* Sivan Nair Portfolio Manager, Fixed Income 12 years Edward Whitehead Senior Managing Director and Senior

Portfolio Manager, Equities 18 years

Luciano Orengo Portfolio Manager, Equities 14 years Glen Martin Managing Director and Portfolio Manager 10 years

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*Service start dates of these portfolio managers include their past service with Manulife Asset Management Accord (2015) Inc. (formerly Standard Life Investments Inc.), and amalgamated into Manulife Asset Management Limited on July 1, 2015. Effective on or about January 4, 2016, the following employees of MAML, in addition to the above, are principally responsible for the day-to-day management of a material portion of the portfolio of the Funds:

Name Title Length of ServiceAlan Wicks Senior Managing Director and Senior

Portfolio Manager, MAML 19 years

Jonathan Popper Senior Managing Director and Senior Portfolio Manager, MAML

16 years

Conrad Dabiet Managing Director and Portfolio Manager, MAML

12 years

Konstantin Kizunov Managing Director, MAML 19 years Edward Whitehead Senior Managing Director and Senior

Portfolio Manager, MAML 18 years

Luciano Orengo Managing Director and Portfolio Manager, MAML

14 years

Each person listed above has held his or her current position and his or her principal occupation with MAML (or an affiliate) during the five years preceding the date hereof except for Cordell Tanny who worked as a Consultant for Retail Distribution at SLMF from 2008 to 2011. Standard Life Investments - UK The following employee of Standard Life Investments – UK are principally responsible for the day-to-day management of a material portion of the portfolio of some of the Funds, as of the date of this document:

Name Title Length of Service Dominic Byrne Investment Director 15 years Kevin Troup Investment Director 5 years Ross Mathison Investment Director 6 years Svitlana Gubriy Fund Manager 10 years Mark Vincent Investment Director 15 years Jonathan Toub Investment Director 1 year Richard House Head, Emerging Markets Fixed Income 3 years Tony Hood Investment Director 12 years Stan Pearson Head of European Equities 9 years Mark Baker Investment Director 3 years

Each person listed above has held his current position and his principal occupation with Standard Life Investments – UK (or an affiliate) during the five years preceding the date hereof except for Kevin Troup who was self-employed as an advisor to small and medium size enterprises on growth and financial strategies, Richard House who held the position of Head of Emerging Market Debt with Threadneedle Asset Management for five years prior to joining Standard Life Investments – UK, Jonathan Toub, who was founding partner and portfolio manager at Collabrium Investment Advisors LLP before joining Standard Life Investments in 2014, and Mark Baker who was an Investment Specialist – Emerging Market Fixed Income at Threadneedle Investments from 2006 to 2012.

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Standard Life Investments - USA The following employees of Standard Life Investments – USA are expected to be principally responsible for the day-to-day management of a material portion of the portfolio of some of the Funds, as of the date of this document:

Name Title Length of Service Erlend Lochen Investment Director - Head of US

Credit & Global Head of High Yield 14 years

Steve Weeple Managing Director Global Equities (USA)

15 years

Brian Fox Senior VP - Equities 9 years Stephen Clark Senior VP – US Equities 9 years Scott Eun Senior VP - US Equities 8 years Jeff Morris Head of US Equities 11 years Matthew Kence Senior VP – Global Credit 5 years Euan Sanderson Senior VP - US Equities 13 years George Westervelt Senior VP – Global Credit 6 years Arthur Milson Investment Director 9 years

Each person listed above has held his current position and his principal occupation with Standard Life Investments – USA (or an affiliate) during the five years preceding the date hereof, except for Matthew Kence who held the position of Vice President – Credit at Gannett Welsh and Kotler before joining Standard Life Investments – USA in 2010. MAM US The head office of MAM US is located at 197 Clarendon Street, Boston, Massachusetts 02116, United States. The following employees of MAM US are principally responsible for the day-to-day management of a material portion of the portfolio of some of the Funds, as of the date of this document:

Name Title Length of ServiceDaniel S. Janis III Senior Managing Director and Senior

Portfolio Manager 16 years

Thomas C. Goggins Managing Director and Senior Portfolio Manager

6 years*

Robert Boyda Senior Managing Director and Senior Portfolio Manager

5 years

*Thomas Goggins rejoined MAM US in 2009. He first worked for MAM US starting in 1995. Each person listed above has held his or her current position and his or her principal occupation with MAM US (or an affiliate) during the five years preceding the date hereof.

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Effective on or about January 4, 2016, in addition to the above MAM US employees, investment decisions for the Funds that are sub-managed by MAM US are made by one or more teams of individual portfolio managers employed by MAM US and are not subject to the approval of any committee. The individual who is principally responsible for the day-today management of a material portion of the MAM US sub-managed funds, is as set forth in the table below:


Marcelle Daher Senior Managing Director and Senior Portfolio Manager, MAM US

7 years

Howard C. Greene Senior Managing Director and Senior Portfolio Manager, MAM US

13 years

Jeffrey N. Given Senior Managing Director and Senior Portfolio Manager, MAM US

22 years

Paul Boyne Senior Managing Director and Senior Portfolio Manager, MAM US

2 years

Doug McGraw Managing Director and Portfolio Manager, MAM US

2 years

Walter McCormick Senior Managing Director and Senior Portfolio Manager, MAM US

5 years

Emory W. (Sandy) Sanders

Senior Managing Director and Senior Portfolio Manager, MAM US

5 years

Nathan Thooft Senior Managing Director and Senior Portfolio Manager, MAM US

7 years

Jonathan White Managing Director and Portfolio Manager, MAM US

4 years

Each person listed above has held his or her current position and his or her principal occupation with MAM US (or an affiliate) during the five years preceding the date hereof, except for Jonathan White who was a Senior Analyst with the Berkeley Street Equity team at Wells Capital Management between 2004 and 2011, Paul Boyne who was senior fund manager within the global equities team at Invesco Perpetual between 2008 and 2013 and Doug McGraw was a portfolio manager within the global equities team at Invesco Perpetual between 2009 and 2013.

MAM Hong Kong The following employees of MAM Hong Kong are principally responsible for the day-to-day management of a material portion of the portfolio of some of the Funds, as of the date of this document:


Kisoo Park Managing Director and Portfolio Manager 4 years Prior to joining MAM Hong Kong in 2011, Mr. Kisoo Park held the position of Chief Operating Officer at Ardon Capital Management Limited. Previously, he was Chief Investment Officer at Prince Asset Management, Hong Kong. Prior to this, Mr. Park was the Asia Trading Sales Manager at the Bank of Montreal in Chicago, Illinois.

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Investment decisions made by the individual portfolio managers at MAML, Standard Life Investments - USA and Standard Life Investments – UK are not subject to the approval or ratification of a committee. However, each of MAML, Standard Life Investments - USA and Standard Life Investments – UK operates under the global Investment Risk Management Policy establishing a comprehensive investment governance structure covering a wide range of oversights and controls with respect to permitted investment activities, investment risks, trade order management, and investment personnel management. Standard Life Investments’ global Investment Governance Team is responsible for ensuring that investment portfolios are being managed within agreed mandates and within each client’s/entity’s tolerance for investment risk. MAM Europe The head office of MAM Europe is located at 18 St. Swithin’s Lane, London, EC4N 8AD, United Kingdom.

Effective on or about January 4, 2016, investment decisions for the funds that are sub-managed by MAM Europe are made by one or more teams of individual portfolio managers employed by MAM Europe and are not subject to the approval of any committee. The individual who is principally responsible for the day-to-day management of a material portion of the MAM Europe sub-managed funds, as at the date of this document is as set forth in the table below:


Kathryn Langridge Senior Portfolio Manager & Head of Global Emerging Markets Equity, MAM Europe

1 year

Prior to Kathryn Langridge joining MAM Europe, she was Fund Management Director, Global Emerging Markets Equity at Jupiter Asset Management between 2010 and 2014.

Beutel, Goodman & Company Ltd. MAML retained the services of Beutel, Goodman & Company Ltd. (“BG & Co.”) as portfolio manager of the Standard Life Canadian Equity Value Fund, the Standard Life Global Equity Value Fund, the Standard Life U.S. Equity Value Fund and the Standard Life U.S. Equity Value Class (the “BG & Co. Managed Funds”) up until on or before the Effective Date of the Mergers into each of Manulife Dividend Income Fund, Manulife Global Equity Unconstrained Fund, Manulife U.S. All Cap Equity Fund and Manulife U.S. All Cap Equity Class, respectively. The portfolio management agreement with BG & Co. may be terminated if BG & Co. fails to comply with its obligations in any material respect and if it does not rectify the default within a reasonable time of being notified of the default. This agreement may also be terminated if BG & Co. becomes bankrupt or insolvent or has entered into liquidation proceedings, or its assets have become subject to seizure or confiscation by any public or governmental authority, or it becomes incapable of performing its responsibilities under the agreement. BG & Co. has been in business since 1967, providing investment counsel and portfolio management services to pension funds, mutual funds and high net worth individuals. At present, BG & Co. manages over $39.697 billion of assets, the majority of which pertain to pension funds. The head office of BG & Co. is located at 20 Eglinton Avenue West, Suite 2000, Toronto, Ontario, M4R 1K8.

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BG & Co. employs a disciplined, fundamental value investing approach to the management of securities in each of the BG & Co. Managed Funds. BG & Co.’s team of professionals share the same value philosophy, with each member having his/her own industry segment expertise. As a team, they review the industry and company analysis, make buy and sell decisions derived from internally generated “bottom up” research and provide regular monitoring of their respective holdings. The following employees of BG & Co. are principally responsible for the day-to-day management of a material portion of the portfolio of the BG & Co. Managed Funds, as at the date of this document: Name Title Length of Service Colin Ramkissoon Portfolio Manager and Analyst 4 years Gavin Ivory Vice President, Non-Domestic 23 years Glenn Fortin Portfolio Manager and Analyst 19 years KC Parker Portfolio Manager and Analyst 9 years Mark Thomson Managing Director, Equities 26 years James Black Vice President, Canadian Equities 8 years Pat Palozzi Portfolio Manager and Analyst 11 years Rui Cardoso Portfolio Manager and Analyst 2 year Stephen Arpin Vice President, Canadian Equities 21 years William Otton Portfolio Manager and Analyst 20 years

Each person listed above has held his or her current position and his or her principal occupation with BG & Co. (or its affiliates) during the five years preceding the date hereof, except Colin Ramkissoon who held various senior positions in the areas of private equity and mergers and acquisitions at TD Bank from 2002 to 2011 and Rui Cardoso who held various portfolio manager positions with asset management firms, most recently at CI Investments and KBSH Capital Management. Guardian MAML retained the services of Guardian Capital LP (“Guardian”) as portfolio manager of the Standard Life Canadian Equity Growth Fund (the “Guardian Managed Fund) up until on or before the Effective Date of the Merger into Manulife Canadian Opportunities Fund. The portfolio management agreement with Guardian may be terminated if Guardian fails to comply with its obligations in any material respect and if it does not rectify the default within a reasonable time of being notified of the default. This agreement may also be terminated if Guardian becomes bankrupt or insolvent or has entered into liquidation proceedings, or its assets become subject to seizure or confiscation by any public or governmental authority, or if it becomes incapable of performing its responsibilities under the agreement. The head office of Guardian is located at 199 Bay St., Commerce Court West, Suite 3100, Toronto, Ontario M5L 1E8. Investment decisions for the Guardian Managed Fund is made by one or more teams of individual portfolio managers employed by Guardian and are not subject to the approval of any committee. The individual who is principally responsible for the day-to-day management of a material portion of the Guardian Managed Fund, as at the date of this document is as set forth in the table below:

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Name Title Length of Service Edward Macklin Managing Director 15 years

Edward Macklin joined Guardian in 2000 as part of Guardian’s Canadian equity team and focuses on Canadian equity strategies. He has been managing Canadian equity portfolios since 1989 and prior to joining Guardian, Edward Macklin was part of the Canadian equity teams at both Bolton Tremblay Inc. and Elliott and Page Ltd. He began his career at Confederation Life Insurance in 1983 as a financial analyst. He is a graduate of the University of Toronto in 1983 with a Bachelor of Commerce and is a CFA charterholder. Mawer Effective on or before the Effective Date of the Mergers of Standard Life International Equity Fund and Standard Life European Equity Fund, investment decisions for the Funds that are sub-managed by Mawer are made by one or more teams of individual portfolio managers employed by Mawer and are not subject to the approval of any committee.

The head office of Mawer is located at 517 – 10th Avenue SW, Suite 600, Calgary, Alberta, T2R 0A8. The individuals who will be principally responsible for the day-today management of a material portion of the Mawer sub-advised funds, is as set forth in the table below:

Name Title Length of Service David Ragan Director, Portfolio Manager, Mawer 11 years James Hall Chief Investment Officer, Mawer 18 years

Each person listed above has held his or her current position and his or her principal occupation with Mawer (or an affiliate) during the five years preceding the date hereof. Brokerage arrangements We have no contractual arrangements with any person or company: For any exclusive right to purchase or sell the investment portfolio of a Fund; or Which provides any dealer or trader a material competitive advantage over other dealers or

traders when buying or selling for the investment portfolio of a Fund.

We conduct studies of the factors that affect the market price and prospects of various industries, companies and individual securities. In this work, we use reports and statistics from a variety of sources, including brokers and dealers who may execute portfolio transactions for the Funds and for our clients, but investment decisions are based primarily on investigations and critical analyses by our own professional staff. Dealers for securities transactions of the Funds for which MAML acts as portfolio manager, and for which it has not appointed Standard Life Investments – USA or Standard Life Investments – UK as sub-advisor, are selected based on broker-dealer capabilities of each on an ongoing basis. This involves a dealer’s financial soundness and demonstrated order execution capabilities, its responsibilities to the trading style and liquidity needs of each Fund and the commission or spread involved. Also a dealer’s range of research or brokerage related products or services other than order execution are considered. These include research reports, publications, statistical services, electronic data which are produced by the dealer, its affiliates or third parties. MAML or the affiliated sub-advisor of a Fund may direct brokerage to certain

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dealers for receiving research and order execution products and services to assist with investment or trading decisions. Other than fund-on-fund investments for certain Funds, brokerage transactions are not currently conducted by us or through any of our affiliates. We do not charge any commissions for acting as dealer to such fund-on-fund trades. MAML conducts extensive trade cost analysis to ensure that the Funds for which it acts as portfolio manager and clients of MAML, on whose behalf the portfolio manager directs any brokerage transactions, receive a reasonable benefit considering the use of the research goods and services and order execution goods and services, as applicable, and the amount of brokerage commissions paid. Specifically, MAML’s investment management teams decide which dealers or brokers are allocated brokerage business based on their ability to provide best execution of trades, the competitiveness of the commission costs, and the range of services and quality of research received. MAML may use research goods and services and order execution goods and services to benefit the Funds and clients of MAML, on whose behalf the portfolio advisor directs any brokerage transactions, other than those whose trades generated the brokerage commission. However, MAML has policies and procedures in place such that over a reasonable period of time, all clients, including the Funds, receive fair and reasonable benefit in return for the commission generated. Since the date of the last annual information form of the Funds, MAML, Standard Life Investments – USA and Standard Life Investments – UK have received services such as research or statistical services, and other similar services from dealers. Where brokerage transactions involving client brokerage commissions of the Funds have been directed to a firm in return for the provision of any good or service, other than order execution, the names of such dealers or third parties will be provided upon request by contacting us. For those Funds where Standard Life Investments – USA or Standard Life Investments – UK acts as sub-advisor, the selection of brokers or dealers to be used and the commissions paid is at their sole respective discretion. Their fiduciary duty to the Funds requires that both sub-advisors seek best execution when trading client assets. Both Standard Life Investments – USA and Standard Life Investments – UK take the position that best execution can be defined as the execution whose cost (both execution and research provided) represents the highest value to the Funds. Consideration of the value received enables Standard Life Investments – USA and Standard Life Investments – UK to determine whether the compensation to brokers is reasonable and value includes many factors, the significance of which will vary depending on the type of security, size of trade relative to overall volume, and trading venue chosen. As well, Standard Life Investments – USA and Standard Life Investments – UK will also consider the following factors when determining the value gained through execution: speed of execution, anonymity, information on current market conditions, willingness to provide capital, responsiveness, implementation costs, and access to trading opportunities. Decisions to allocate trading activity are not based on the provision of research by the brokers. Standard Life Investments – USA and Standard Life Investments – UK utilize Commission Sharing Arrangements ((CSAs) also referred to as research credits) exclusively for the procurement of investment research. Pursuant to these CSAs, and consistent with its fiduciary duty, commissions paid to a broker in the trading of client assets may be higher than what might be charged by other brokers. Specifically, commissions may be greater than an “execution only” price when it reasonably determines that the amount of the commission was reasonable in

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relation to the research and brokerage services provided, viewed either in terms of the particular transaction or our overall responsibilities with respect to discretionary accounts. Such research may be provided by the broker with which it trades (i.e. proprietary research), or either Standard Life Investments – USA and Standard Life Investments – UK may direct the executing broker to compensate another provider for its research from the available soft dollars (i.e. third party research). There are no ongoing contractual arrangements with any broker with respect to securities transactions of the BG & Co. Managed Funds. Brokerage business is allocated at the discretion of BG & Co. based on the capabilities of the broker to provide best execution, the broker’s financial responsibility, responsiveness to the firm, commission or spread involved and the range of services offered. Brokerage commissions are paid from the assets of the BG & Co. Managed Funds. All decisions as to the purchase and sale of portfolio securities for the Guardian Managed Funds and all decisions as to the execution of these portfolio transactions will be made by Guardian. In effecting portfolio transactions, Guardian seeks to obtain best execution of orders as required by applicable securities regulations. When selecting dealers to conduct securities transactions on behalf of the Guardian Managed Funds, Guardian takes into account a number of factors, in the context of its overriding responsibility to seek best execution, including:

the execution ability of the dealer with reference to the particular trade;

trading expertise and prompt access to large blocks of securities;

willingness of the dealer to commit its own capital to facilitate trading;

analyst expertise;

quality of sales coverage, including access to company meetings, conferences, industry or economic speakers and seminars; and

international expertise.

Additionally, in selecting a dealer for a particular securities transaction, Guardian may consider the quality and quantity of research (“Research”) provided by various competing dealers, provided such dealers are otherwise able to effectively execute the applicable trade. The use of such Research is deemed to be an integral part of the investment portfolio management process and, as such, is beneficial to the Guardian Managed Funds. Guardian is aware of the potential conflicts of interest faced by portfolio managers, given the incentives created for money managers to place their own interests ahead of their clients’ interests when obtaining goods or services other than order execution in connection with client transactions. Guardian manages these potential conflicts of interest by using client brokerage commissions only for execution services and for investment decision-making services that will benefit its clients, including the Guardian Managed Funds. Guardian never uses client brokerage commissions to pay for general overhead expenses or other services that do not benefit clients. The types of goods and services, other than order execution, that might be provided include: (i) goods or services directly related to order execution; (ii) advice relating to the value of a security or the advisability of effecting a transaction in a security; (iii) analyses

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and research reports, presented in oral or written form, concerning a security, portfolio strategy, issuer, industry, or an economic or political factor or trend; and (iv) a database or software, to the extent that it supports the foregoing goods and services. In the normal course, Guardian receives and utilizes Research provided by dealers without any formal arrangement to compensate such dealers for the Research. Guardian may utilize Research obtained from any dealer without any corresponding obligation to direct trading commissions to such dealer. Such dealers may or may not continue to provide Research in the absence of any allocation of trading commissions. In the normal course of client trading activity, Guardian may cause the accounts involved in a trade to pay more than the lowest available commission rate for eligible brokerage services in order to obtain better trade execution and in recognition of Research provided by dealers. Because brokerage commissions are a client asset, Guardian has the obligation to determine, in good faith, that commissions paid are reasonable in relation to the Research and brokerage products and services received. When making this good faith determination, Guardian will consider the unbundled price (when that price is available) that a dealer charges for Research. However, in Guardian’s experience, such unbundled pricing is rare. To the contrary, in the normal course, the excess commission paid to dealers above the lowest available commission rate for a particular trade is a function not only of Research provided, but of a set of factors including execution quality and the other factors normally considered by Guardian in its broker selection process. Therefore, in the normal course, Guardian makes its good faith determination not in reference to particular transactions, but rather, in reference to its overall responsibilities with respect to accounts over which it exercises investment discretion. Over time, as permitted by regulatory requirements, clients collectively receive the benefit of the Research supplied through the use of their collective brokerage commissions. The name of any dealer or third party that provided a good or service referred to in the foregoing list will be provided to investors of the Guardian Managed Funds upon request by contacting us. Principal Distributor Manulife Asset Management Investments Inc. 200 Bloor Street East North Tower 4 Toronto, Ontario M4W 1E5 MAMII is a wholly-owned subsidiary of MAML. MAML has entered into a distribution agreement with MAMII on behalf of each of the Funds. This agreement is effective July 1, 2015. Under the master distribution agreement, as principal distributor MAMII will use its best efforts to distribute securities of the Funds. Either party may terminate the master distribution agreement with 90 days’ written notice. Participating Dealers Manulife Securities Investment Services Inc. and Manulife Securities Incorporated, each a subsidiary of MLI, which is the ultimate parent company of MAML, are participating dealers of the Funds and may sell securities of the Funds in the normal course of business.

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Trustee MAML is the Trustee of each of the Trust Funds. The Trustee has entered into the Declaration of Trust in respect of each Trust Fund. The Declaration of Trust may be amended in the manner described under Description of the securities issued by the Funds. The Trustee holds the property of each Trust Fund on behalf of the unitholders of the Trust Fund. The Trustee is entitled to receive from each Trust Fund a fee as agreed by the parties from time to time. As at the date hereof, the Trustee receives no fees from the Trust Funds. The Trustee shall remain as trustee of the Trust Funds indefinitely unless the Trustee resigns by giving 6 months’ notice to unitholders. SLCCI Each Corporate Class is a separate class of shares of SLCCI. The name and municipality of residence, position and office held with SLCCI and current principal occupation of each of the directors and executive officers, as of the date of this document, are as follows: Name and Municipality of Residence

Position and Office held with SLCCI

Current Principal Occupation

James den Ouden Kitchener, Ontario

Chief Financial Officer Assistant Vice President, Investment Fund Financial Management, MLI

Yanic Chagnon Boucherville, Québec

Director Vice-President, Investment Products, Retail Markets, MLI

Yves Roy Montréal, Québec

Director Corporate Director & Businessman

Peter Hill Montréal, Québec

Director Corporate Director & Businessman

Michel Fortin Boucherville, Québec

President and Director Senior Vice President, Group Benefits and Retirement Solutions, Institutional Businesses, MLI and Manulife

Barry H. Evans Needham, Massachusetts

Director Manulife Asset Management – Global Head, Strategy and Solutions, Global Chief Operating Officer and President, US

Sheila Hart Carlisle, Ontario

Director Vice President, Canadian Division Finance Integration Lead, Manulife


Director Executive Vice President and General Manager, Retail Markets, Manulife

Except as provided below, each person listed above has held his or her current position and his or her principal occupation in a predecessor company or an affiliate during the five years preceding the date hereof. Mr. Yanic Chagnon was appointed Vice-President, Investments Products, Retail Markets at MLI in April 2015. Prior to joining MLI, Mr. Chagnon worked as Vice-President, Retail Solutions at Standard Life from April 2013 to April 2015. Prior to joining Standard Life, he held the following positions at National Bank of Canada (from January 2009 to April 2013): Vice-President, Engineering Managed Solutions and Managing Director, Investment Solutions. Michel Fortin was appointed into his current position with SLCCI on June 9, 2014 and was, until February 2, 2015 Senior Vice-President, Marketing & Customer Solutions, Standard Life. Peter Hill was appointed into his current position with SLCCI on June 9, 2014. Yves Roy

- 53 -

was appointed into his current position with SLCCI on June 9, 2014 and was President and Chief Executive Officer of SECOR Group until July 2012. Paul Lorentz joined SLCCI in January 2015. Mr. Lorentz has held various positions within Manulife over the past 10 years, currently serves on the MAML Board of Directors, and also joined the Board of Directors of MAML in January 2015. Barry H. Evans joined SLCCI in January 2015. Mr. Evans has been a member of the MAML Board of Directors since March 2013 and also joined the Board of Directors of MAML in January 2015. In addition to his role as a Director of MAML and to his current principal occupation, Mr. Evans is also, among other duties, Director, Chairman and President of MAM US. Previously, Mr. Evans has acted as Manulife Asset Management’s Global Chief Investment Officer for Fixed Income and Asset Allocation. He has been with entities now affiliated with Manulife since 1986. Sheila Hart joined SLCCI in January 2015. Ms. Hart has had various roles at Manulife since 1996, when North American Life Assurance Company amalgamated with MLI. James den Ouden was appointed as Chief Financial Officer for SLCCI in September 2015 and has been employed by MLI since 1995. Amalco The name and municipality of residence, position and principal occupation of each of the directors and executive officers of Amalco will be as follows:


Office with Amalco Principal occupation

Lisa Forbes Oakville, Ontario

Director Vice President & Chief Financial Officer Retail Markets, Canadian Division, MLI

Bernard Letendre Toronto, Ontario

Director Senior Vice President and Head of Investments, Retail Markets, MLI


Director, President and Chief Executive Officer

Executive Vice President and General Manager, Retail Markets, MLI

Anick Morin Montreal, Quebec

Director Assistant Vice President and Lead Counsel, Investments, MLI

James den Ouden Kitchener, Ontario

Chief Financial Officer Assistant Vice President Investment Fund Financial Management, MLI

Cynthia Mielke Toronto, Ontario

Secretary Securities Clerk, MAML

Except as indicated below, each of the directors and officers listed above holds the office noted opposite his or her name or had held a similar office in a predecessor company or an affiliate during the five years preceding the date of this annual information form.

Ms. Anick Morin was appointed Director of MIX Corp. in June 2015. Currently, Ms. Anick Morin is Assistant Vice President and Lead Counsel, Investments, MLI having joined MLI in May 2015. Prior to joining MLI, Ms. Morin worked as Associate General Counsel, Retail at Standard Life from February 2014 to May 2015. Prior to joining Standard Life, she was a partner at Borden Ladner Gervais LLP.

- 54 -

Ms. Lisa Forbes was appointed Director of MIX Corp. in March 2015. However, Ms. Forbes has had various roles at MLI since 2004 including her current role of Vice President and Chief Financial Officer, Retail Markets, Canadian Division.

Mr. Bernard Letendre was appointed a director of MIX Corp. in March 2015. Prior to this appointment, Mr. Letendre was Vice President and Managing Director, Manulife Private Wealth, having been appointed in July 2012. Between 2009 and 2011, Mr. Letendre was Regional Vice President, Eastern Canada, Wealth Management with MLI.

In late 2010, Mr. James den Ouden was appointed the Chief Financial Officer for MIX Corp. Mr. den Ouden has been employed by MLI since 1995, holding positions of increasing responsibility in both the Canadian and Corporate divisions. Since 2005, Mr. den Ouden has been the Assistant Vice President responsible for Corporate Division expenses, and then Total Company Expenses and Total Company Management Reporting before moving to Canadian Division in 2009 as the Assistant Vice President Accounting Control in Manulife Investments. Mr. den Ouden was Chief Financial Officer of Manulife Asset Management Limited from December 2010 to August 2013. He currently holds the title of Vice President of Manulife Asset Management Limited.

Custodian Standard Life Trust Company is the custodian of the assets of the Funds pursuant to an amended and restated custodian agreement. Effective on or about November 16, 2015, RBC Investor Services Trust (the “Custodian”) will be the custodian of the assets of the Funds pursuant to a custodial services agreement (the “Custodial Services Agreement”). The new Custodian is located at 155 Wellington Street West, RBC Centre, Toronto, Ontario M5V 3L3. The Custodian receives a fee, at an amount agreed upon by the parties from time to time, from each Fund for the custodial services provided. The Custodial Services Agreement may be terminated by the Manager, on behalf of the Funds, by giving a minimum of 180 days prior written notice. The Custodian is responsible for the safekeeping of the assets of the Funds but may contract with sub-custodians. The Custodian also performs custodial services for other entities and may, from time to time, deposit certain securities with, or deliver to, CDS Clearing and Depository Services Inc. (“CDS”). Currently, approximately 1% of the total securities deposited by the Custodian with CDS are subject to a pledge in favor of CDS, as required by CDS' standard Participant Agreement and Service Rules, in order to cover settlement obligations. If the portfolio securities are acquired in any foreign market, they are kept at the office of the sub-custodian appointed in the jurisdiction in which such market is situated. Under the Custodial Services Agreement, the Custodian has the power to appoint sub-custodians. The custodian has appointed one or more sub-custodians in accordance with NI 81-102 in each foreign jurisdiction in which the Funds hold securities of issuers of such foreign jurisdictions. Any foreign sub-custodians of the Funds will be appointed by or under the authority of the Custodian, based upon a variety of factors, including reliability as a custodian, financial stability and compliance with applicable regulatory requirements. Safekeeping and settlement, income processing and corporate actions, as well as recordkeeping and reporting are examples of services available through the sub-custodians.

- 55 -

Independent Review Committee On behalf of the Funds, we have established an IRC. Joanne Vézina, Pierre St-Laurent and Michel Lamontagne ceased to be members of the IRC on January 30, 2015 resulting from the change of control of Standard Life Mutual Funds Ltd. The IRC was reconstituted with the following three members: R. Warren Law (Chair), Joanne Vézina and Robert S. Robson. Upon the change of manager on July 1, 2015, from Standard Life Mutual Funds Ltd. to MAML, the former members of the independent review committee ceased to be members of the committee. The independent review committee was reconstituted by MAML with and is comprised of R. Warren Law (Chair), Robert S. Robson and Joanne Vézina. The mandate of the IRC consists in reviewing and providing input on MAML’s written policies and procedures which deals with conflict of interest matters involving MAML and providing its recommendations or approvals as may be required. The IRC is required to assess, at least annually, the adequacy and effectiveness of MAML’s policies and procedures regarding conflict of interest matters and of MAML’s compliance with the conditions imposed by the IRC in its recommendation or approvals. Also, the IRC must review and assess at least annually the independence and compensation of its members and its effectiveness as a committee. The IRC also prepares annually a report of its activities to MAML and to the securityholders. The report to securityholders is available on the Funds’ website at www.manulifemutualfunds.ca or at a securityholder’s request at no cost, by contacting the Funds at [email protected]. Independent Auditor The independent auditor of the Funds is PricewaterhouseCoopers LLP of Montreal, Quebec. Registrar MAML is responsible for keeping a record of and acts as registrar to all units or shares purchased. The register of the securityholders of the Funds is kept in Toronto, Ontario. Securities Lending Agent RBC Investor Services Trust Toronto Ontario Effective on or about January 15, 2016, in accordance with applicable securities legislation, the Funds will be authorized to enter into securities lending transactions. As of such date, RBC Investor Services Trust will act as the Funds’ securities lending agent pursuant to a Securities Lending Authorization entered into with MAML on behalf of the Funds. The securities lending agent arranges and administers loans of the Funds’ portfolio securities for a fee, to qualified borrowers who have posted collateral, the whole in accordance with NI 81-102. RBC Investor Services Trust is independent of MAML.

The Securities Lending Authorization provides the parameters, including transaction limits, under which securities lending is permitted in accordance with applicable securities legislation. If on any business day the market value of the collateral posted by a borrower is less than the minimum required by NI 81-102, the securities lending agent is required to request that the borrower provide additional collateral to the applicable Fund to make up the shortfall.

- 56 -

Other Service Providers

International Financial Data Services (Canada) Limited Toronto, Ontario

International Financial Data Services (Canada) Limited is a transfer agency and business process solutions provider to the investment fund industry. International Financial Data Services (Canada) Limited maintains the securityholder record keeping system for the Funds pursuant to an Amended and Restated Services Agreement entered into with MLI, on behalf of MAML, effective as of July 1, 2012, as amended and renewed from time to time.

RBC Investor Services Trust Toronto, Ontario RBC Investor Services Trust also provides fund valuation, shareholder services and foreign exchange execution to the Funds pursuant to a Master Services Agreement entered into with MLI, on behalf of MAML, dated as of August 21, 2006, as amended and renewed from time to time. Conflicts of interest Principal holders of securities Funds In accordance with securities regulations, the Funds must disclose the persons or entities that own, of record or to the knowledge of the relevant Fund or MAML, beneficially, directly or indirectly, more than 10% of the outstanding units or shares of any of the Series of the Funds, of the voting or equity securities of MAML or of any service provider of the Funds or the MAML. If members of the IRC hold over 10% of any Series of units or shares of the Funds in the aggregate, the Funds must also disclose the aggregate percentage held by the IRC. The list below illustrates this information as at October 23, 2015:

Fund Series Investor % #


Advisor The Manufacturers Life Insurance Company

40.2 14,232,768.97



14.1 4,989,705.70


E Individual Investor #1

16.8 9,734.02


F Non-Individual Investor #1

18.4 51,693.02


Legend Non-Individual Investor #2

14.2 93,687.48


Legend Individual Investor #2

12.5 82,421.23


X The Manufacturers Life Insurance Company

42.4 4,678,577.97

- 57 -



X MAML 23.8 2,622,214.37


X Manulife Portrait Moderate Portfolio

12.0 1,320,045.81

Manulife Canadian Dividend Growth Fund


59.8 9,039,979.67



78.3 3,038,831.90



18.5 717,106.97



59.5 28,346,943.94



15.6 9,456.77



13.2 8,046.65


F Individual Investor #5

29.1 9,233.54



22.2 7,050.18



17.2 5,465.61


X Manulife Portrait Conservative Portfolio

27.4 1,271,676.18



18.5 857,840.26


X Manulife Portrait Dividend Growth And Income Portfolio

18.4 853,005.20


X Standard Life Conservative Portfolio Class

11.4 531,325.02


X Manulife Portrait Growth Portfolio

11.1 516,388.77


X MAML 82.6 2,298,353.52



15.0 417,095.86

Manulife Conservative Income Fund


18.3 892,271.69



18.8 15,577.68

- 58 -




17.1 14,110.89



11.5 9,488.71



25.5 13,643.45



12.2 6,507.96



11.9 6,366.62



11.3 6,018.61



11.1 74,161.35



10.1 67,442.10



100.0 36,129.07

Manulife Emerging Markets Fund Advisor The Manufacturers Life Insurance Company

45.7 1,234,934.06


23.8 642,764.03


17.4 469,432.47


12.3 330,789.03

Manulife Emerging Markets Fund F Individual Investor #7

52.7 1,112.38

Manulife Emerging Markets Fund F The Manufacturers Life Insurance Company

47.3 1,000.00

Manulife Emerging Markets Fund X Manulife Portrait Growth Portfolio

35.7 365,995.15

Manulife Emerging Markets Fund X Manulife Portrait Moderate Portfolio

30.5 312,217.88

Manulife Emerging Markets Fund X Manulife Portrait Dividend Growth And Income Portfolio

12.6 128,899.82

Manulife Emerging Markets Fund X Manulife Portrait Aggressive Portfolio

11.3 115,676.26

Manulife Global Dividend Growth Fund


67.8 19,443,522.00

- 59 -




11.3 9,836.24



32.3 1,192,906.33



19.7 726,318.53



16.9 625,765.17


T Individual Investor #17

13.3 12,927.82



47.2 4,264,174.50



19.9 1,797,583.18



11.4 5,139.17



10.4 4,687.90



45.0 819,659.16



30.5 555,056.41



68.6 6,725,895.85



17.0 1,670,994.05



46.9 886,163.06



24.6 465,491.47



19.3 365,279.82



38.7 892.33


F The Manufacturers Life Insurance Company

28.9 666.67



12.6 291.22

- 60 -




10.9 250.99



19.5 10,698.18



34.7 268,554.90



29.7 230,425.11



15.5 120,377.15


T The Manufacturers Life Insurance Company

100.0 671.13



10.8 31,048.15



40.0 1,634.48



35.5 1,447.73



24.5 1,000.00



13.0 36,578.42



25.4 7,583.98



16.0 4,793.82



14.2 3,622.26



12.1 3,075.65



11.6 2,958.10



11.0 2,803.25



10.4 2,654.88



14.2 114,670.19



18.6 38,687.32


E Non-Individual Investor #7

10.8 22,419.33



41.8 119,568.77

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39.9 113,941.71



37.0 118,747.92



13.8 44,382.96



10.4 33,436.46

Manulife Portrait Growth Portfolio F Individual Investor #37

23.6 24,803.62


22.6 23,786.93


20.6 21,657.16

Manulife Portrait Growth Portfolio T Individual Investor #40

18.3 12,886.98


11.7 8,247.50


10.7 7,553.56


10.4 7,285.96

Manulife Portrait Moderate Portfolio F Individual Investor #44

40.5 4,030.57


29.9 2,975.85


16.8 1,669.78

Manulife Portrait Moderate Portfolio F The Manufacturers Life Insurance Company

10.1 1,000.00

Manulife Tactical Income Fund Advisor The Manufacturers Life Insurance Company

52.8 1,867,409.64

Manulife Tactical Income Fund E Individual Investor #47

12.1 17,864.52

Manulife Tactical Income Fund F Individual Investor #48

29.9 5,729.35


24.6 4,712.47


23.5 4,502.07


12.3 2,362.37

Manulife Tactical Income Fund X The Manufacturers Life Insurance Company

100.0 33,410.84

Manulife Tactical Income Fund T Individual Investor #52

14.1 19,210.68

- 62 -




77.1 24,462,900.61



16.4 26,128.66



29.8 716,573.90



19.6 471,995.92



17.4 417,952.44



12.3 295,847.74



69.6 5,179,752.87



22.7 3,660.06



18.3 2,941.34



16.3 2,625.79



12.3 1,987.89



11.4 1,830.03



13.9 6,082.21



12.7 5,583.11



12.1 5,315.38



13.4 28,502.23



11.5 24,421.64


X MAML 90.7 1,131,766.17

Standard Life Balanced Fund F Individual Investor #61

68.1 2,134.37

Standard Life Balanced Fund F The Manufacturers Life Insurance Company

31.9 1,000.00

Standard Life Balanced Fund X The Manufacturers Life Insurance Company

85.6 885,600.02

- 63 -


Standard Life Balanced Fund X The Manufacturers Life Insurance Company

14.4 149,552.95

Standard Life Canadian Bond Fund Advisor The Manufacturers Life Insurance Company

42.6 12,902,180.96

Standard Life Canadian Bond Fund Advisor The Manufacturers Life Insurance Company

19.6 5,930,508.42

Standard Life Canadian Bond Fund E Non-Individual Investor #14

13.8 28,255.59

Standard Life Canadian Bond Fund F Individual Investor #7

31.9 6,171.77


28.6 5,533.44


12.5 2,409.97

Standard Life Canadian Bond Fund Legend Non-Individual Investor #15

21.0 115,463.00

Standard Life Canadian Bond Fund X Manulife Portrait Conservative Portfolio

46.4 5,053,224.22

Standard Life Canadian Bond Fund X Standard Life Conservative Portfolio Class

19.4 2,114,665.12

Standard Life Canadian Bond Fund X Manulife Portrait Moderate Portfolio

13.8 1,498,657.68

Standard Life Canadian Bond Fund X MAML 13.0 1,415,709.89 Standard Life Canadian Equity Fund


50.2 829,884.79



13.9 229,956.91



49.2 21,981.82



24.3 10,838.67



18.0 8,045.82



67.5 411,536.50



13.4 81,748.61


X Manulife Portrait Aggressive Portfolio

10.8 65,871.16



40.6 199,972.74

- 64 -




16.8 840.23



12.4 619.00



58.8 1,503.81



39.1 1,000.00



31.6 4,060.94



31.3 4,021.30



16.5 2,121.46



16.4 2,111.48


X Manulife Portrait Aggressive Portfolio

90.8 80,875.70



29.6 1,598,278.47



28.1 1,520,227.85



23.5 1,272,590.46



56.0 1,943.21



28.8 1,000.00



15.2 526.16



29.4 650,205.00



24.8 547,803.94



17.3 382,714.85



10.3 228,206.01



68.9 3,041,044.69



21.5 4,103.83

- 65 -




36.6 6,940.27



15.2 2,878.81



12.3 2,328.17



40.6 162,037.74



25.5 101,902.21



20.8 83,046.85

Standard Life Emerging Markets Debt Fund


32.0 2,362,199.36



27.9 2,064,775.98



19.4 1,432,303.34



13.9 1,028,105.27



68.9 2,213.74



31.1 1,000.00



28.2 807,960.46



21.6 619,490.02



21.2 607,138.09



11.8 337,003.03

Standard Life European Equity Fund


60.3 781,358.21



19.7 255,127.91


E The Manufacturers Life Insurance Company

22.9 4,608.37

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54.2 1,000.00



23.3 430.13



11.5 211.69



57.8 904,998.12



27.1 424,285.77

Standard Life Global Bond Fund Advisor The Manufacturers Life Insurance Company

23.8 2,240,740.84


22.7 2,133,393.63


15.3 1,441,016.45

Standard Life Global Bond Fund E Non-Individual Investor #14

29.6 15,723.59

Standard Life Global Bond Fund F Individual Investor #78

62.3 5,428.55

Standard Life Global Bond Fund F Individual Investor #7

26.2 2,283.37

Standard Life Global Bond Fund F The Manufacturers Life Insurance Company

11.5 1,000.00

Standard Life Global Bond Fund X Manulife Portrait Conservative Portfolio

32.4 887,224.18

Standard Life Global Bond Fund X Manulife Portrait Growth Portfolio

22.9 626,080.24

Standard Life Global Bond Fund X Manulife Portrait Moderate Portfolio

19.5 533,700.21

Standard Life Global Bond Fund X Standard Life Conservative Portfolio Class

13.7 373,500.68



58.7 1,749,421.00



26.4 788,102.41



10.1 300,036.70

- 67 -




10.8 1,285.39



57.5 1,008.19



42.5 745.32



49.6 38,996.79



49.3 687,255.65



20.7 288,527.61



14.1 196,437.50



13.4 186,768.72



28.6 2,212,203.41



26.0 2,011,957.56



21.3 1,646,173.79



11.9 918,869.65



16.4 13,337.58



14.3 11,674.90



14.4 23,497.19


X MAML 52.9 3,203,584.47



12.8 773,482.35



12.0 724,729.50



41.5 2,492,814.76



28.6 1,720,649.24

- 68 -




12.1 728,114.22



10.6 637,127.05



45.5 6,655.72



16.3 2,387.92



15.2 2,218.57



10.1 1,480.82



17.3 17,234.97



11.3 11,244.95



37.5 613,586.38



20.7 338,856.49



15.8 258,387.25



10.5 171,496.23

Standard Life Money Market Fund E Individual Investor #88

24.5 19,631.34

Standard Life Money Market Fund E Non-Individual Investor #20

13.6 10,908.84

Standard Life Money Market Fund F Individual Investor #89

72.9 4,173.81

Standard Life Money Market Fund F The Manufacturers Life Insurance Company

17.5 1,000.00

Standard Life Money Market Fund Legend Individual Investor #90

27.3 43,582.56

Standard Life Money Market Fund Legend Individual Investor #91

19.7 31,442.37

Standard Life Money Market Fund X The Manufacturers Life Insurance Company

50.4 273,752.56

Standard Life Money Market Fund X MAML 49.6 269,881.47 Standard Life Short Term Bond Fund


35.4 3,277,614.19

- 69 -




27.9 2,585,297.00



15.3 1,417,424.48



73.1 2,721.22



26.9 1,000.00



38.3 1,347,304.82



21.5 758,308.01



16.0 563,152.39



12.8 452,057.99

Standard Life Standard Life Canadian Equity Growth Fund


57.4 282,474.11



31.4 1,572.78



19.6 982.34

Standard Life Tactical Bond Fund Advisor The Manufacturers Life Insurance Company

21.7 130,965.14

Standard Life Tactical Bond Fund E Individual Investor #94

58.4 1,408.78

Standard Life Tactical Bond Fund E The Manufacturers Life Insurance Company

41.6 1,001.95

Standard Life Tactical Bond Fund F Individual Investor #78

51.7 5,433.34


14.8 1,555.46


13.0 1,364.60


11.1 1,165.07

Standard Life Tactical Bond Fund Legend Individual Investor #98

52.5 6,622.85

Standard Life Tactical Bond Fund Legend Individual Investor #99

32.8 4,136.41

Standard Life Tactical Bond Fund X MAML 99.1 1,282,128.36

- 70 -




69.1 12,297,905.10



22.5 12,207.39



27.7 28,155.02



25.0 420,702.88



23.7 398,892.46


X MAML 20.1 338,262.23

* To protect the privacy of investors, we have omitted the names of individual investors. This

information is available on request by contacting us at the telephone number on the back cover of this Annual Information Form.

MAML is ultimately a controlled entity of Manulife. Investment Fund Manager All of the outstanding shares of MAML, the investment fund manager of the Funds, are indirectly owned by The Manufacturers Life Insurance Company (“MLI”), which in turn is a wholly-owned subsidiary of Manulife, a TSX-listed holding company. Affiliated Entities As at the date hereof, the following companies that provide services to the Funds or MAML in relation to the Funds are affiliated, within the meaning of securities laws, with MAML:

*Effective on or about January 4, 2016

A dotted line in the chart above represents that the company is an indirect wholly-owned subsidiary of MLI.

The Manufacturers Life Insurance Company

Manulife Asset Management

Limited

(100%)


Investments Inc.

(100%)

Manulife Asset Management (US)

LLC

(100%)

Manulife Asset Management (Hong Kong) Limited

(100%)

Manulife Securities Investment Services Inc.

(100%)

Manulife Securities

Incorporated

(100%)

Standard Life Trust Company

(SLTC)(100%)


(Europe) Limited*

(100%)

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The following individuals are directors or executive officers of MAML and also of affiliated entities as described above:

Name Position with SLCCI

Position with MAML

Position with Affiliate

Barry H. Evans Director Director Director, Chairman, President, Chief Investment Officer – Global Asset Allocation and Chief Operating Officer, MAM US; Director, MAMII

Paul Lorentz Director Director Executive Vice-President and General Manager, Retail Markets, MLI; Director, MAMII

Roger Renaud N/A Director President Canada, Manulife Asset Management; Director, MAMII

Paul Rooney N/A Director Senior Executive Vice President and Chief Operating Officer, MLI and Manulife

Kai Sotorp N/A Director, Chief Executive Officer, Ultimate Designated Person and President

Executive Vice President, Global Head of Wealth and Asset Management, MLI and Manulife; Director, Chairman, Chief Executive Officer, Ultimate Designated Person and President, MAMII; Director, MAM US

Warren Thomson N/A Director Senior Executive Vice President and Chief Investment Officer, MLI and Manulife

Lisa Forbes N/A Vice President Vice President & Chief Financial Officer, Retail Markets, Canadian Division, MLI

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Name Position with SLCCI

Position with MAML

Position with Affiliate

Bernard Letendre N/A Senior Vice President

Senior Vice President and Head of Investments, Retail Markets, MLI; Senior Vice President, MAMII

Anick Morin Assistant Secretary Associate General Counsel and Assistant Secretary

Assistant Vice President and Lead Counsel, Investments, MLI; Associate General Counsel and Assistant Secretary, MAMII

Yanic Chagnon Director Vice President, Investment Products

Vice President, Investment Products, Retail, Markets, MLI

James den Ouden N/A Vice President Assistant Vice President Investment Fund Financial Management, MLI

Gorkem Gurgun N/A Controller Chief Financial Officer, MAMII

Warren Rudick N/A General Counsel and Secretary

General Counsel and Corporate Secretary, MAMII;

Lucas Pontillo N/A Chief Financial Officer

Vice President, Global Chief Financial Officer, Manulife Asset Management, MLI; Director, MAM US; Director, MAMII

Christopher Walker N/A Chief Compliance Officer

Chief Compliance Officer, MAMII

For the employment histories of Ms. Lisa Forbes, Ms. Anick Morin, Mr. Yanic Chagnon, Mr. Kai Sotorp, Mr. Roger Renaud, Mr. Bernard Letendre, Mr. Gorkem Gurgun, Mr. Warren Rudick, Mr. Christopher Walker, Mr. Barry H. Evans and Mr. Lucas Pontillo, please see “Directors and Executive Officers of MAML”. Mr. den Ouden has been employed by MLI since 1995, holding positions of increasing responsibility in both the Canadian and Corporate divisions. Since 2005, Mr. den Ouden has been the Assistant Vice President responsible for Corporate Division expenses, and then Total Company Expenses and Total Company Management Reporting before moving to Canadian Division in 2009 as the Assistant Vice President Accounting Control in Manulife Investments. Mr. den Ouden was Chief Financial Officer of Manulife Asset Management Limited from December 2010 to August 2013. He currently holds the title of Vice President of MAML.

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The fees received from the Funds by affiliated entities are included in the audited financial statements of the Funds. Corporate governance of the Funds MAML, as Trustee of the Trust Funds, the Manulife Mutual Fund Corporation for the Corporate Class and MAML, as investment fund manager, are responsible for fund governance, together with the IRC. All members of management of MAML and the Manulife Mutual Fund Corporation are employees of MAML, Manulife or of their affiliated entities. Fund governance refers to the policies, practices and guidelines of the Funds that relate to: ■ Business practices ■ Sales practices ■ Internal conflicts of interest MAML, as Manager, has adopted appropriate policies, procedures and guidelines to ensure the proper management of the Funds. These include guidelines and policies and procedures required by NI 81-107 relating to conflicts of interest, including policies on personal conflicts of interest, prohibited related party transactions, best execution practices, soft dollar arrangements, brokerage arrangements, trade allocation practices, cross trading, record keeping and personal investing. In addition, MAML has adopted sales, marketing, advertising and accounting policies relating to the Funds. The controls in place monitor and manage the business and sales practices, risk and internal conflicts of interest relating to the Funds while ensuring compliance with regulatory and corporate requirements. The reporting systems in place ensure that these policies and guidelines are communicated to the persons responsible for these matters and monitor their effectiveness. MAML is responsible for monitoring and reconciling the investment transactions related to the Funds, other than the BG & Co. Managed Funds and the Guardian Managed Fund. Processes are in place to monitor compliance with the Funds’ investment objectives and strategies that are described in the Funds’ Simplified Prospectus. The portfolio advisors and/or the sub-advisors keep MAML up to date on each Fund’s holdings, market conditions and other factors affecting the performance. Business practices, Sales practices & Risk management controls MAML has written policies relating to business practices, sales practices, risk management controls and conflicts of interest that apply generally to the Funds. MAML has written policies and procedures on conflicts of interest, as amended from time to time, and policies and procedures regarding fair valuation of the Funds’ assets and liabilities but does not, as at the date hereof, have written policies relating to these other matters. However, MAML and the Manulife Mutual Fund Corporation monitor and comply with all legislative initiatives in such areas. MAML has also adopted in principle the basic standards set out in the Investment Funds Institute of Canada’s Code of Ethics for Personal Investing. The Funds are using a variety of methods to manage risk, including (i) mark-to-market security valuation, (ii) fair-value accounting, (iii) daily reconciliation of cash balances and (iv) monthly reconciliation of security and cash positions. With regard to sales practices, MAML applies the principles set forth in Regulation 81-105 – Mutual Fund Sales Practices.

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Independent Review Committee In compliance with NI 81-107, an IRC was appointed as of May 1, 2007 and actively assumed its role and responsibilities on November 1, 2007. The IRC makes recommendations or gives approval, as applicable, relating to actual or perceived conflicts of interest involving the Funds that have been identified and referred to the IRC by the Manager. Joanne Vézina, Pierre St-Laurent and Michel Lamontagne ceased to be members of the IRC on January 30, 2015 resulting from the change of control of Standard Life Mutual Funds Ltd. The IRC was reconstituted with the following three members: R. Warren Law (Chair), Joanne Vézina and Robert S. Robson. Upon the change of manager on July 1, 2015, from Standard Life Mutual Funds Ltd. to MAML, the former members of the independent review committee ceased to be members of the committee. The independent review committee was reconstituted by MAML and is comprised of the following three members: R. Warren Law (Chair) Financial Services Lawyer Robert S. Robson Financial Services Specialist Joanne Vézina Corporate Director specializing in Financial Services The members of the IRC are independent and must act in the best interests of the Funds and the Funds’ investors. The IRC considers and provides recommendations to the Manager on conflicts of interest to which the Manager is subject when managing the Funds and that are referred to the IRC by the Manager. The Manager is required to identify conflicts of interest inherent in its management of the Funds, and to request input from the IRC into how it manages those conflicts of interest, as well as its written policies and procedures in respect of those conflicts of interest. The IRC provides its recommendations to the Manager with a view to the best interests of the Funds. The IRC reports annually to securityholders of the Funds. The IRC also prepares an annual report that describes its activities as the independent review committee of the Funds. For a free copy of this report, call us at 1 888 588 7999 or ask your dealer. You can also get a copy of this report on our website at manulifemutualfunds.ca or by sending an e-mail to [email protected]. This report and other information about the Funds are also available at sedar.com. Each IRC member receives $1,750 plus expenses for each meeting ($2,250 plus expenses in the case of the Chair) as well as an annual retainer of $20,000 ($25,000 for the Chair). IRC members are also reimbursed for travel expenses in connection with meeting attendance. Other fees and expenses payable in connection with the IRC include insurance costs, legal fees, and attendance fees for educational seminars. All such fees are allocated among all the mutual funds managed by us in a manner that is considered by the IRC to be fair and reasonable to such mutual funds. These amounts are allocated equally among the mutual funds and, secondly, pro rata among the different series of securities of each mutual fund, on the basis of assets under management.

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Short-term trading MAML has in place procedures to detect, identify and deter inappropriate short-term trading and may alter them from time to time, without notice. As mutual funds are considered long-term investments, we discourage securityholders in our Funds from short-term trading. Such trading generates significant costs for a Fund, which can reduce returns, thereby affecting all securityholders. If a securityholder trades frequently, we may charge him a short-term trading fee of up to 2% of the value of the units or shares, in addition to any fees that may also apply. We may also refuse the order. Whether trading is frequent will be determined at our sole discretion and is based on various circumstances, including but not limited to switching, redeeming or transferring units or shares of a Fund within 30 days. We will monitor the trading via daily reports to detect accounts with potential excessive trading activities. Investment in Securities Lending, Repurchase and Reverse Repurchase Agreements Effective on or about January 15, 2016, the Funds may enter into securities lending arrangements or repurchase and reverse repurchase agreements. The risks of entering into these agreements are described under “Securities Lending, Repurchase and Reverse Repurchase Transaction Risk” in the simplified prospectus.

The Manager has adopted written policies and practice guidelines applicable to the Funds to manage the risks associated with investments in securities lending, repurchase and reverse repurchase agreements. Such policies and practice guidelines require that:

■ Investments in securities lending, repurchase and reverse repurchase agreements be consistent with a Fund’s investment objectives and policies

■ The risks associated with securities lending and repurchase transactions be adequately described in a Fund’s simplified prospectus and other public disclosure documents

■ Authorized persons of the Manager approve the parameters, including transaction limits, under which securities lending and repurchase transactions are to be permitted for a Fund and that such parameters comply with applicable securities legislation and may from time to time report to the Board of Directors as deemed appropriate

■ The operational, monitoring and reporting procedures in place ensure that all securities lending and repurchase transactions are completely and accurately recorded, in accordance with their approved use, and within the limits and regulatory restrictions prescribed for each Fund. Independent monitoring of the Securities Lending program is performed by MAML's Compliance Department and Investment Fund Administration team. RBC Investor Services Trust, in its capacity as the securities lending agent, also performs monitoring and reporting functions.

■ The Manager will review at least annually all securities lending and repurchase transactions to ensure that they are being conducted in accordance with applicable securities legislation

■ The Manager will review at least annually the policies and practice guidelines described above to ensure that the risks associated with securities lending are properly managed

At present, there are no simulations used to test the portfolios under stress conditions to measure risks.

The Funds may not commit more than 50% of their securities (on a net asset value basis, as per NI 81-102) in securities lending or repurchase transactions at any time. Securities lending

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transactions may be terminated at any time and all repurchase transactions must be completed within 30 days.

MAML has retained RBC Investor Services Trust to act as agent for the Funds in administering securities lending transactions. The risks associated with these transactions will be managed by requiring that the agent enter into such transactions for the Funds with reputable counterparties that meet MAML’s quantitative and qualitative criteria regarding market making and creditworthiness, and are in good standing with all applicable regulators. Investments in Underlying Funds Certain Funds may hold securities of other Underlying Funds as permitted by applicable securities legislation and subject to certain conditions. MAML, as Manager, will either not vote the securities of these other Underlying Funds or will pass the voting rights directly to securityholders of such Underlying Funds. MAML may, in some circumstances, choose not to pass the vote to securityholders, generally because of the complexity and costs associated with doing so. Derivatives Each of the Funds, except the Standard Life Money Market Fund, is allowed to use derivatives, in accordance with securities laws. See “Derivative Risk” and “Investment Strategies” under the description of each Fund in Part B of the Funds’ Simplified Prospectus. Each Fund, other than the Standard Life Money Market Fund, may invest in or use derivatives for hedging and non-hedging purposes in a manner consistent with the investment objective of the Fund and as permitted by applicable securities legislation and any regulatory relief. Derivatives may be used for hedging purposes in the event of significant cash flows into or out of the Fund and to provide protection for the Fund’s portfolio. Derivatives may be used for non-hedging purposes in order to invest indirectly in securities or financial markets and to gain exposure to other currencies. The risks of using these strategies are described under “Derivatives Risk” in the Simplified Prospectus. The Manager has adopted written policies and practice guidelines applicable to the Funds, for which MAML acts as portfolio manager, and for which MAML has not appointed an unaffiliated sub-advisor, to manage the risks associated with the use of derivative instruments. Such policies and practice guidelines require that:

The use of derivative instruments be consistent with a Fund’s investment objective and policies.

The risks associated with the use of derivatives be adequately described in a Fund’s simplified prospectus and other public disclosure documents.

Authorized persons of MAML approve the parameters, including trading limits, under which derivatives trading is to be permitted for a Fund and that such parameters comply with applicable securities legislation.

The operational, monitoring and reporting procedures in place ensure that all derivatives transactions are completely and accurately recorded, in accordance with their approved use, and within the limits and regulatory restrictions prescribed for each Fund.

These policies and practice guidelines are reviewed as necessary by a Senior Officers’ Committee at the Manager. In addition, our Compliance Department has oversight over all use of derivative instruments by the Funds. As well, we test each Fund to ensure that there is an adequate cash cover in the underlying interest. We also monitor each Fund’s gain and loss position as part of our risk measurement procedures. We do not, however, test the Funds under

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stress conditions as we generally limit the maximum loss to 10% of the Fund’s NAV for non-hedging transactions. Investment decisions made by the individual portfolio managers at Standard Life Investments - USA and Standard Life Investments – UK are not subject to the approval or ratification of a committee. However, each of Standard Life Investments - USA and Standard Life Investments – UK operates under the global Investment Risk Management Policy (the “Policy”) covering a wide range of oversights and controls including, among others, approved investment instruments and guidelines with respect to the use of derivatives, short selling, leverage and counterparty credit risk. Due to the nature of investment in derivatives, with respect to Standard Life Investments – UK, the Policy is supplemented by a Standard Life Investments Derivative Management Policy. The Standard Life Investments global Investment Governance Team is responsible for ensuring, among other things, that the use of derivatives within each portfolio is consistent with the agreed upon mandate objectives, guidelines and regulatory constraints. The use of derivatives by the Funds is also subject to the usual portfolio manager oversight procedures which occur monthly and quarterly. Although the BG & Co. Managed Funds may use derivatives from time to time as described in the Simplified Prospectus of the Funds, as of the date hereof BG & Co. does not expect to use derivatives. The Guardian Managed Funds may use derivatives from time to time, as described in the Simplified Prospectus of the Fund. The decision as to the use of derivatives is made by Guardian. Guardian has written policies and procedures relating to the use of derivatives, which set out the objectives and goals for derivatives trading and the risk management procedures applicable to derivative trading. These policies and procedures have been set by Guardian and are reviewed at least annually by its senior management. The Chief Compliance Officer of Guardian is responsible for oversight of all derivative strategies used by the Fund. In addition, other compliance department personnel employed by Guardian review the use of derivatives as part of their ongoing review of the activities of the Guardian Managed Funds. Compliance personnel are not members of the investment and trading group and report to a different functional area. Limits and controls on the use of derivatives are part of the compliance regime of Guardian and include reviews by Guardian analysts who verify that the derivative positions are within applicable policies. As the use of derivatives by the Standard Life Canadian Equity Growth Fund is limited, Guardian does not currently conduct simulations to test the portfolios under stress conditions. Proxy Voting MAML delegated the power to exercise the voting rights conferred by the securities held in the portfolio of each Fund to the portfolio managers of each Fund. MAML expects that each portfolio manager will vote proxies on behalf of a Fund in a manner consistent with the best interests of the Funds and their securityholders. We have established a proxy voting policy (the “Proxy Voting Policy”) that has been designed to provide general guidance, in compliance with applicable legislation, for the voting of proxies. We expect our sub-advisors to comply with their stated policies, which, in general, must meet standards similar to our Proxy Voting Policy and applicable legislation. We reserve the right to retract voting authority in respect of any given sub-advisor at any time. The Proxy Voting Policy summarizes our position on various issues and provides a general indication as to how a sub-advisor is expected to vote proxies on each issue. MAML will usually vote proxies in accordance with the Proxy Voting Policy. However, the sub-advisors reserve the right to vote on certain issues counter the Proxy Voting Policy if, after a review of the matter (which analysis will be

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documented in writing), MAML believes that a Fund’s best interests would be better served by such counter vote. Issuers’ proxies most frequently contain proposals to elect corporate directors, to appoint external auditors and fix their compensation, to amend the capitalization of the company and to adopt or amend management compensation plans. Consistent with our Proxy Voting Policy, it is expected that sub-advisors would cause the Funds managed by it to vote on these matters as follows:

Board of Directors – We vote for management nominees unless the board fails to meet minimum corporate governance standards, such as being comprised of a majority of independent directors or there are records of abuse against the interests of minority shareholders.

Appointment of Auditors and Compensation – We votes for the election of auditors and proposals authorizing the board to fix the auditors’ compensation unless we have concerns about the accounts presented or the audit procedures used or if questions are raised regarding the independence of the auditors.

Changes in Capital Structure – We vote for resolutions that seek to maintain, or convert into, a one vote for one share capital structure and generally votes against resolutions authorizing a multiple class voting structure or the creation or addition of shares with superior voting rights.

Management Compensation – We vote for proposals to compensate non-executive directors unless the amounts are excessive relative to other companies in the industry. We will vote on equity compensation plans and other proposals relating to management compensation on a case-by-case basis having regard to the best interests of the securityholders of the Fund.

Other issues, including those business issues specific to the issuer or those raised by shareholders of the issuer, are addressed on a case-by-case basis with a focus on the best interests of the securityholders of the Fund and the potential impact of the vote on shareholder value. As mentioned in the Simplified Prospectus, some of the Funds, including the Portrait Portfolios and the Corporate Classes may invest in units of other funds managed by us. No such Funds have arranged for the securities of those other funds to be voted by their own securityholders. To assist it in analyzing proxies, BG & Co. subscribes to Institutional Shareholder Services (“ISS”), an unaffiliated third party corporate governance research service that provides in-depth analyses of shareholder meeting agendas, vote recommendations, record keeping and vote disclosure services. BG & Co. has established voting guidelines (the “BG & Co. Voting Guidelines”). The BG & Co. Voting Guidelines are designed to be responsive to the wide range of issues that can be raised in proxy situations. MAML acknowledges that each vote is ultimately cast on a case-by-case basis, with BG & Co. taking into consideration the relevant facts and circumstances at the time of the vote. The BG & Co. Voting Guidelines intends to ensure that the proxies associated with securities held by the BG & Co. Managed Funds will be voted in order to optimize the long-term value of those investments. The primary focus of the BG & Co. Voting Guidelines is to maximize value for shareholders and BG & Co. will vote proxies on behalf of a Fund in a manner consistent with the best interests of a Fund and its securityholders.

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A conflict may arise when BG & Co. may seek to or may already be managing the retirement plan assets of a company whose securities are held by the BG & Co. Funds. In these situations, BG & Co. will always vote in the best interests of the BG & Co. Funds and the BG & Co. Funds’ unitholders. BG & Co. has adopted proxy voting procedures to ensure that the proxies are in fact voted by ISS in accordance with the BG & Co. Voting Guidelines. Summaries of the proxy voting policies and procedures of the Guardian Managed Funds are set out below. Guardian has a proxy voting policy and guidelines in place that it follows to ensure that the proxies associated with securities held by the Guardian Managed Funds will be voted in order to optimize the long-term value of those investments. The primary focus of Guardian’s proxy voting is to maximize shareholder value. Guardian believes that one of the ways of ensuring that companies focus attention on maximizing value for shareholders is through corporate governance. Well-managed companies, with strong, focused governance processes, generally produce better long-term investment results for all investors. To assist with the proxy voting process, Guardian subscribes to a proxy consulting service and a voting service. The consulting service provides a professional review of all proxies issued by the companies held within the Guardian Managed Funds’ portfolio. The voting service votes proxies as specifically directed by Guardian. Guardian will vote all available proxies for the Guardian Managed Funds. The four key proxy issues that have been identified by Guardian are boards of directors, executive compensation, take-over protection and shareholder rights. In considering how to vote proxies related to these issues, Guardian follows its proxy voting policy and guidelines. With respect to routine matters dealing with one of these four issues contained in proxies issued by companies held within the Guardian Managed Funds’ portfolio, Guardian will vote in favour of the particular matter if it complies with its proxy voting policy and guidelines. With respect to issues related to social responsibility and other stakeholder proposals, Guardian considers each proposal on its merits, based on its goal of maximizing shareholder value. With respect to the appointment of auditors for a corporation, Guardian will generally vote for management’s recommendation, unless it believes that the firm to be appointed lacks, in its judgment, the necessary competence and independence to carry out their duties. Where a conflict, or potential conflict, of interest exists between the interest of unitholders and Guardian or any affiliate or associate of the Guardian Managed Funds or Guardian, proxies are voted in accordance with investment considerations and investment merits, without regard to any other business relationship that may exist between Guardian and the company. The policies and procedures that the portfolio managers follow when voting proxies relating to portfolio securities are available upon request, at no cost, by calling 1 888 588 7999 or by writing to MAML at 200 Bloor Street East, North Tower 4, Toronto, Ontario M4W 1E5. The Funds’ proxy voting record for the most recent period ended June 30 of each year is available free of charge, at any time after August 31 of that year, to any securityholder of the Funds upon request, or on our web site at manulifemutualfunds.ca. Conflicts of Interest A conflict of interest may arise when we or a sub-advisor to a Fund vote a proxy solicited by an issuer with whom we and/or the sub-advisor has a material business or personal relationship. To avoid conflicts of interest we, and all sub-advisors, will adhere to the following procedures: ■ All votes will be cast according to the Proxy Voting Policy, in the best interests of a Fund and its securityholders. If votes are cast otherwise, they will be documented and explained

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■ All persons involved in the proxy voting process must disclose any potential conflicts of which they are aware. Voting recommendations must be made according to the best interests of the Fund and its securityholders and without any other considerations ■ A Proxy Committee, which includes representation from our Legal and Compliance Departments, maintains procedures to identify material relationships that could result in potential conflicts ■ When a possible conflict is encountered, our Compliance Department will determine whether a conflict of interest does in fact exist and where a conflict of interest has been determined, the Proxy Committee shall consider the matter for final determination We will review our and the sub-advisors’ policies for addressing conflicts of interests from time to time to ensure that they offer substantially similar protection. Our Proxy Voting Policy and the policies of our sub-advisors are available on request, at no cost, by calling us toll-free at 1 888 588 7999 or by writing us at Manulife Investments, a division of Manulife Asset Management Limited, Order Receipt Office, 500 King Street North, Delivery Station 500 G-B, Waterloo, Ontario, N2J 4C6. We disclose each Fund’s annual proxy voting record, for the most recent twelve-month period ending June 30 by August 31 of each year. A Fund’s proxy voting record is also available on our website at manulifemutualfunds.ca. Management fee rebate and distribution In return for our services, each Fund pays us a management fee in respect of each Series. See Fees and Expenses in the Simplified Prospectus. This fee is calculated daily and is payable monthly. We may offer securityholders reduced management fees for large investments in a Fund. The reduction on the management fee payable would be negotiated by your dealer with MAML at the time of the investment and may depend on a number of factors, including the size of your investment (i.e. number and/or value of units/shares purchased), the expected level of account activity and your total investments with us. We have discretion on how large an investment must be before we will reduce the management fee. To effect the management fee reductions, we will reduce the management fee we charge to a Series of a Trust Fund and the Trust Fund will pay out the difference to eligible securityholders of that Series as an additional distribution of units. The management fee distribution will be paid out of the Fund’s net assets. For Corporate Class, we, as manager, rebates a portion of our usual management fee that would apply to your investment in the Corporate Class by making a payment to you to purchase additional shares of the Fund in your account. Distributions and rebate payments are automatically reinvested without charge in units or shares of the same Fund. No adverse tax consequence should arise for the Fund as a result of these arrangements. Income tax considerations This section describes the principal Canadian federal income tax consequences of buying and owning securities of a Fund as of the date of this annual information form. This summary assumes you are an individual (other than a trust) resident in Canada dealing at arm’s length with the Funds and you hold your securities as capital property. This summary takes into account the current provisions of the ITA and the regulations thereunder, as well as all publicly announced proposed amendments to the ITA and regulations. It also takes into account the currently publicly available published administrative practices of the CRA.

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This description is not exhaustive, and tax laws may change between the time this summary is prepared and the time you read it. In addition, the tax consequences of buying and owning Fund securities vary according to your situation and the province or territory in which you reside or operate a business. Please consult your tax advisor about your individual situation, including the deductibility of management fees payable directly by securityholders of Series I securities of the Funds. Holders of Series F securities and Series I securities should also consult their tax advisors concerning fees payable to their financial advisors and/or dealers. The Funds Except as noted below, each Fund, in the case of a Trust Fund, is structured as a “mutual fund trust” for tax purposes, and in the case of a Corporate Class, as a separate class of convertible shares of a “mutual fund corporation” for tax purposes. A Trust Fund will issue units of the trust to its unitholders who invest in it and a Corporate Class will issue shares to its shareholders. Mutual funds earn: Income, principally from interest and dividends paid on the securities in their portfolios Capital gains, from selling securities in their portfolio for more than was paid for them

A mutual fund trust pays out distributions to its unitholders and a mutual fund corporation generally pays out dividends to its shareholders. Trust Funds Tax Status of Trust Funds This summary assumes that each of the Trust Funds, except as noted below, qualifies or will qualify as a unit trust and as a mutual fund trust for tax purposes effective at all material times. However, there can be no assurance that this will be the case. If a Trust Fund were to fail to qualify as a mutual fund trust for tax purposes, the income tax consequences would in some respects be different from those described below. The Standard Life Canadian Equity Growth Fund is expected to be a mutual fund trust for tax purposes during the current taxation year and at all material times thereafter. All of the Trust Funds, including the Standard Life Canadian Equity Growth Fund, are registered investments. A registered investment may have to pay penalty taxes if it fails to comply with certain restrictions related to types of investments it holds unless it is a mutual fund trust for tax purposes. Each Fund that is a registered investment is subject to investment restrictions that are intended to ensure that it will not become liable for these penalty taxes. Units of Trust Funds that are registered investments, including the Standard Life Canadian Equity Growth Fund, are qualified investments for registered plans (i.e. RRSPs, RRIFs, DPSPs, RDSPs, RESPs and TFSAs), regardless of whether such Funds are mutual fund trusts for tax purposes. Any Fund that is a mutual fund trust for tax purposes, regardless of whether it is a registered investment, may be held by a registered plan. Taxation of Trust Funds Each of the Trust Funds will distribute sufficient net income and net capital gains to its investors so that these Funds will not have to pay income taxes under the ITA. However, income earned by these Funds from foreign sources may be subject to foreign withholding taxes. Such foreign taxes may be used by the Funds to reduce their income or the Funds may designate their foreign source income to you such that you may be able to claim a foreign tax credit in respect of foreign taxes paid by the Fund. Each Fund is not permitted to allocate losses it incurred to its securityholders, but the Fund may carry forward and deduct such losses in future years within

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the limits of the ITA. A Fund may be entitled to retain (i.e. not distribute) certain capital gains without being subject to tax thereon. The Funds will treat certain transactions involving futures contracts, options on futures, forward contracts and other derivatives, and short sales, as giving rise to ordinary income or losses rather than capital gains or losses for tax purposes. A Fund that invests in securities that are not denominated in Canadian dollars may realize gains or losses by virtue of fluctuations in the value of foreign currencies relative to Canadian dollars. In certain situations, if a Trust Fund disposes of property (including securities of an Underlying Fund) and would otherwise realize a capital loss, the loss will be deemed to be a “suspended loss” and denied. This may increase the amount of net realized capital gains of the Trust Fund. For example, this may occur if the Trust Fund disposes of and acquires the same or identical property during the period that begins thirty (30) days before and ends thirty (30) days after the disposition of property and holds it at the end of that period. The ITA contains “loss restriction event” (“LRE”) rules that could potentially apply to certain trusts including the Trust Funds. In general, a Trust Fund is subject to a LRE if a person (or group of persons) acquires more than 50% of the fair market value of the securities of the Trust Fund. If a LRE occurs (i) the Trust Fund will be deemed to have a year end for tax purposes immediately before the LRE occurs, (ii) any net income and net realized capital gains of the Manulife Fund at such year end will be distributed to securityholders of the Trust Fund to the extent required for the Trust Fund not to be liable for income taxes, and (iii) the Trust Fund will be restricted in its ability to use tax losses (including any unrealized capital losses) that exist at the time of the LRE on a go-forward basis. However, a Trust Fund will be exempt from the application of these LRE rules if it satisfies certain investment requirements and qualifies as an “investment fund” under the rules. Corporate Classes Tax Status of Corporate Classes The Manulife Mutual Fund Corporation qualifies as a “mutual fund corporation” as defined in the ITA and the shares of all Corporate Classes are qualified investments for registered plans. SLCCI’s structure has been primarily designed for investors’ taxable accounts because it allows taxable investors to switch between Corporate Classes without incurring a tax liability on the switch. Since the tax-exempt status of registered tax plans means that they can generally change investments without incurring a tax liability, they do not need this feature. Taxation of Corporate Classes Although the assets and liabilities attributable to each Corporate Class are tracked separately, the Manulife Mutual Fund Corporation like any other mutual fund corporation with a multi-class structure, must compute its net income and net capital gains for tax purposes as a single entity. In general, the Manulife Mutual Fund Corporation will not pay tax on taxable dividends received from taxable Canadian corporations or on net capital gains realized because it will pay sufficient ordinary dividends and capital gains dividends to its securityholders to eliminate its tax liability thereon. The Manulife Mutual Fund Corporation will be liable for tax on income from other sources (such as interest and foreign income) at full corporate rates under the ITA and may be subject to foreign withholding taxes. However, due to deductible expenses and tax deductions/credits available to it, the Manulife Mutual Fund Corporation is not expected to have any material net income tax liability under the ITA in any year.

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Because the Manulife Mutual Fund Corporation must compute its net income and net capital gains for tax purposes as a single entity, the dividends paid to an investor in a Corporate Class will differ from the dividends or distributions the investor would have received if the investor had invested in a mutual fund corporation which did not have the multi-class structure or in a mutual fund trust, each of which made the same investments as the Corporate Class. For example, if a particular Corporate Class had a net loss or net realized capital loss, that net loss or net realized capital loss may be applied to reduce the income and net realized capital gains of the Manulife Mutual Fund Corporation as a whole. This will generally benefit investors in other Corporate Classes to the extent that it reduces the amount of dividends to be paid by the Manulife Mutual Fund Corporation to investors in the other Corporate Classes since their current income inclusions will be reduced but not the value of their securities in such Corporate Classes. The amount of capital gains dividends to be paid by a Corporate Class will be affected by the level of redemptions from all Corporate Classes as well as accrued gains and losses of the Manulife Mutual Fund Corporation as a whole. The Manulife Mutual Fund Corporation may have to modify its investments as a consequence of investors switching between Corporate Classes. As a result, more of the Manulife Mutual Fund Corporation’s accrued gains and losses may be recognized at an earlier time compared with a mutual fund that does not allow for tax deferred switching among asset pools. In certain circumstances, this may accelerate the recognition of gains by investors as a consequence of the earlier payment of capital gains dividends. The income and net capital gains of the Manulife Mutual Fund Corporation will be allocated to each Corporate Class and to each series of a Corporate Class at the sole discretion of the Manulife Mutual Fund Corporation, acting on a reasonable basis. A Corporate Class may distribute a return of capital. The Funds will treat certain transactions involving futures contracts, options on futures, forward contracts and other derivatives as giving rise to ordinary income or losses rather than capital gains or losses for tax purposes. A Corporate Class that invests in securities that are not denominated in Canadian dollars may realize gains or losses by virtue of fluctuations in the value of foreign currencies relative to Canadian dollars. In certain situations, if a Corporate Class disposes of property (including securities of an Underlying Fund) and would otherwise realize a capital loss, the loss will be deemed to be a “suspended loss” and denied. This may increase the amount of net realized capital gains of the Corporate Class. For example, this may occur if the Corporate Class disposes of a property and this Corporate Class or another Corporate Class within the Manulife Mutual Fund Corporation acquires the same or identical property during the period that begins thirty (30) days before and ends thirty (30) days after the disposition of property and holds it at the end of that period. For Fund Held in a Non-Registered Account Distributions and Dividends When a Fund makes a distribution of earnings or capital or a dividend payment, the price or NAV per security of the Fund falls by the amount of the distribution or dividend. For example, if a Fund with a NAV per security of $10.00 distributes earnings of $1.00 per security, the price will fall to $9.00. If you are an investor in the Fund, your net position remains the same: you have your original securities plus your distribution, either as cash or additional securities. You must report all distributions of income and capital gains paid or payable (including by way of management fee distributions) and dividends paid to you during the year in Canadian dollars,

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whether they are paid in cash or reinvested in additional securities. The income and capital gains distributed or paid as dividends to you can include income and capital gains accrued or earned by a Fund before you acquired your securities. You will still be taxable on all the distributions or dividends except as described below. Distributions from a Trust Fund can be ordinary income, ordinary dividends or capital gains. You generally pay tax on these different kinds of distributions as though you received them directly. In some cases, distributions by a Trust Fund in a year may exceed the net income and net realized capital gains of the Fund for the year. These distributions are treated as a tax-free return of capital that reduces the adjusted cost base (“ACB”) of your securities for tax purposes. If the ACB of your securities becomes a negative amount (i.e., less than zero) at any time in a taxation year, you will be deemed to realize a capital gain equal to that amount and the ACB of your securities will be reset to zero. Dividends received by you on your securities of a Corporate Class will be either capital gains dividends or ordinary dividends. A Corporate Class may also distribute a tax-free return of capital that also reduces the ACB of your securities for tax purposes, as described above. Ordinary dividends distributed from a Trust Fund and designated as taxable dividends from taxable Canadian corporations, or paid by a Corporate Class, will be subject to the gross-up and dividend tax credit rules, including if applicable, the rules that apply to “eligible” dividends. Any capital gains distribution from a Trust Fund or capital gains dividend received by you on securities of a Corporate Class will be treated as a capital gain realized by you, one half of which will generally be included in calculating your income as a taxable capital gain. Some Funds may have a portfolio turnover rate greater than 70%. The higher a Fund’s portfolio turnover rate, the greater the trading costs payable by the Fund, and the greater the chance that you may receive a taxable capital gain distribution or capital gains dividend for that year. There is not necessarily a relationship between a high turnover rate and the performance of a Fund. Management fee distributions, if any, from a Trust Fund are paid out first out of net income, then out of net realized capital gains and thereafter out of capital. Management fee rebates that are received by a securityholder of a Corporate Class are generally required to be included in the securityholder's income for the taxable year when the securityholder receives the rebate. However, in certain circumstances a securityholder may instead elect to reduce the ACB of the share purchased with the rebate payment. At the beginning of each year, we will send you a tax form or statement showing all of the income, dividends, capital gains and returns of capital that were distributed or paid to you by the Funds during the previous year. Calculating Your Adjusted Cost Base In order to calculate your capital gain or loss for tax purposes, you need to know the ACB of your securities before disposition. Your ACB of a security of a series of a Fund will generally be the weighted average cost of all of your securities of that series of the Fund, including securities acquired on a reinvestment of distributions or dividends. You should keep detailed records of the purchase cost, sales charges, distributions, dividends and any other matters related to your Fund securities required in order to calculate the adjusted cost base of those securities. You may wish to consult a tax advisor to help you with these calculations.

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Calculating the Adjusted Cost Base of Your Securities of a Series of a Fund ACB per security = Your initial investment (including any sales charges paid under the front-end

purchase option) Plus the cost of any additional purchases (including any sales charges paid under the frontend purchase option) including purchases of additional securities of a Corporate Class as a result of a management fee reduction Plus reinvested distributions (including management fee distributions from a Trust Fund) or reinvested dividends Plus, in the case of a Corporate Class, the adjusted cost base of any securities of another Corporate Class that were converted into securities of that Corporate Class Minus the capital returned in any distributions Minus the ACB of any previously redeemed securities Minus in the case of a Corporate Class, the adjusted cost base of any securities of that Corporate Class that were converted into securities of another Corporate Class Divided by the number of securities currently held by you

All of the foregoing must be computed in Canadian dollars. RedemptionsIn computing your income, you must take into account any capital gain or capital loss you realized on redeeming a security of a Fund. Your capital gain will be the amount by which the proceeds of disposition (the redemption amount or the transfer price) for the security exceeds the ACB of the security and any reasonable costs of disposition (redemption charge). Generally, one half of your capital gain will be included in calculating income as a taxable capital gain. See “CalculatingYourAdjustedCostBase”.

If the proceeds of disposition for a security on a redemption are less than the total of the ACB of the security and any reasonable costs of disposition, you will have a capital loss. One-half of any capital loss is an allowable capital loss. In general, allowable capital losses must be deducted against taxable capital gains realized in the same year, and any excess may be carried back up to 3 prior years and deducted against taxable capital gains in such prior years or carried forward indefinitely and deducted against taxable capital gains in subsequent years. In certain situations where you dispose of securities of a Fund and would otherwise realize a capital loss, the loss will be denied. This may occur if you, your spouse or another person affiliated with you (including a corporation controlled by you) has acquired securities of the same Fund (which are considered to be “substituted property”) within 30 days before or after you dispose of your securities. In these circumstances, your capital loss may be deemed to be a “superficial loss” and denied. The amount of the denied capital loss must be added to the ACB of the securities which are substituted property. The redemption of securities of a Fund to satisfy any short-term trading fee payable by you will be a taxable disposition of those securities. Since you must compute your proceeds of disposition and adjusted cost base in Canadian dollars converted at the exchange rate at the date of disposition or acquisition, respectively, you may realize a capital gain (or capital loss) on a redemption or other disposition of securities of a Fund denominated in U.S. dollars by virtue of changes in the value of the U.S. dollar relative to the Canadian dollar during the period that you

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hold the securities. Switches When you reclassify your investment from one series of securities of a Trust Fund into another series of securities of the same Trust Fund OR you convert your securities of a Corporate Class to securities of another Corporate Class OR you convert securities of one series of a Corporate Class to another series of the same Corporate Class, the reclassification or conversion will not result in a disposition for tax purposes and you will not realize a capital gain or capital loss on the transaction. The cost of the new securities acquired on a reclassification or conversion will be equal to the adjusted cost base of the previously-owned securities (subject to any requirement to average the cost with other securities identical to the new securities you already owned). Although investors can switch between Corporate Classes on a tax-deferred basis, the Corporate Classes are still expected to have capital gains resulting from the sale of assets due to securityholder transfers between the Corporate Classes and normal portfolio trading within the Funds. The Corporate Classes will pay capital gains dividends to the extent necessary to eliminate tax payable by these Funds on their capital gains. Such capital gains dividends may reduce the tax advantages for investors associated with the ability to switch between Corporate Classes on a tax-deferred basis. If you switch between a Corporate Class and an Other Manulife Corporate Class, or vice-versa, prior to the Corporate Amalgamation, this will constitute a redemption of your securities and the tax treatment will be as described above under “Redemptions”. If you switch between a Corporate Class and a Manulife Trust Fund or vice-versa, this will also constitute a redemption of your securities and the tax treatment will be as described above under “Redemptions”. If you switch your securities from a Trust Fund to another Manulife Trust Fund, this is also a redemption for tax purposes. Alternative Minimum Tax Depending on your circumstances, you may be affected by the alternative minimum tax provisions in the ITA. Generally, if you are an individual and receive a distribution of income designated as a taxable dividend from taxable Canadian corporations or a distribution of capital gains from a Trust Fund OR receive a payment of ordinary dividends or capital gains dividends from a Corporate Class OR realize capital gains on the disposition of securities of any Fund, your liability for alternative minimum tax may increase. For Fund Held in a Registered Plan If you hold securities of the Funds in a Registered Plan, as long as you do not make withdrawals from the plan, and provided the securities of the Funds are qualified investments for the Registered Plan, you generally pay no tax on: Distributions or dividends from the Funds, whether or not they are reinvested in additional

securities Any capital gains the plan makes from redeeming securities or switching between Manulife

Trust Funds, between a Trust Fund and a Corporate Class/Other Manulife Corporate Class or between a Corporate Class and an Other Manulife Corporate Class prior to the Corporate Amalgamation

You will be taxed at your personal tax rate if you withdraw money or securities of a Fund from the Registered Plan (other than withdrawals from a TFSA and certain permitted withdrawals

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from an RESP or RDSP). Your plan administrator is required to withhold taxes from the amount withdrawn as a prepayment of taxes to the government. You will not be taxed if you withdraw your capital contributions from your RESP. Since the Manulife Mutual Fund Corporation qualifies as a “mutual fund corporation” and each Trust Fund is or is expected to be a mutual fund trust or registered investment for tax purposes, securities of the Funds are or are expected to be qualified investments for your Registered Plan, such as an RRSP, RRIF, DPSP, RDSP, RESP or TFSA. Securities of a Fund will not be “prohibited investments” for a trust governed by a TFSA, an RRSP or a RRIF provided the holder of the TFSA or annuitant of the RRSP or RRIF (i) deals at arm’s length (within the meaning of the ITA) with the Fund or the Manulife Mutual Fund Corporation in the case of a Corporate Class, or (ii) does not have a significant interest in the Fund or the Manulife Mutual Fund Corporation in the case of a Corporate Class. In general terms, “significant interest” means the ownership of 10% or more of the value of a trust’s securities, or the ownership of 10% or more of the issued shares of any class of a corporation, by the annuitant or holder, either alone or together with persons with whom the annuitant or holder does not deal at arm’s length. In addition, the securities of each Fund will generally not be a prohibited investment if the securities of the Fund are “excluded property” as defined in the ITAfor the particular RRSP, RRIF or TFSA. Annuitants or holders should consult their own tax advisors with respect to whether securities of a Fund would be prohibited investments, including with respect to whether the securities of the Fund would be excluded property as defined in the ITA. Remuneration of directors, officers and trustee The expenses incurred by MAML in connection with meetings of the board of directors of MAML held to consider matters relating to certain Series of units of the Trust Funds, including the fees paid to directors, may be charged as an expense to that Series. No other remuneration, fees or reimbursement of expenses are paid by the Funds to the directors or officers of MAML. Under separate agreements between MAML and each of the members of the IRC, MAML has determined that each member of the IRC except the Chair, being Ms. Joanne Vézina and Mr. Robert S. Robson shall receive compensation in the amount of $20,000 per annum pro rata. The Chair, Mr. R. Warren Law, shall receive $25,000 per annum pro rata. This compensation is reviewable by the IRC in the course of its annual assessment of its performance. Material contracts The material contracts of each Fund are listed below:

(a) the amended and restated Declaration of Trust dated as of November 9, 2015.

For information on this document and a description of the general nature of the Trust Funds, including the particulars, the date, the parties, the consideration paid by the Trust Funds or the termination provisions, refer to Responsibility for operations of the Funds, Trustee and Description of the securities issued by the Funds, Trust Funds;

(b) the articles of SLCCI dated December 28, 2009. For information on this document and a description of the general nature of SLCCI and of the Corporate Class, including the particulars, the date, the parties, the consideration paid

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by the Corporate Class or the termination provisions, refer to Responsibility for operations of the Funds, SLCCI and Description of the securities issued by the Funds, Corporate Class;

(c) the amended and restated Management Agreement between MAML and SLCCI dated as of October 17, 2012, except for its Schedule A which is dated as at October 30, 2014. For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination provisions, refer to Responsibility for operations of the Funds, Investment Fund Manager;

(d) the amended and restated Portfolio Manager Agreement for MAML to provide investment advisory services for the Funds dated as of December 28, 2009, except for its Schedule A which is dated as at October 30, 2014.

For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination provisions, refer to Responsibility for operations of the Funds, Portfolio Advisor and Sub-Advisors;

(e) the Amended and Restated Master Distribution Agreement between Manulife Investment Exchange Funds Corp., SLCCI, MAML and Manulife Asset Management Investments Inc. effective July 1, 2015;

(f) the Portfolio Manager Agreement between MAML and BG & Co. dated June 15, 2011 and amendment no 1 dated as of June 21, 2013. For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination provisions, refer to Responsibility for operations of the Funds, Portfolio Advisor and Sub-Advisors;

(g) the Amended and Restated Portfolio Manager Agreement between MAML and Guardian

dated June 21, 2013. For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination provisions, refer to Responsibility for operations of the Funds, Portfolio Advisor and Sub-Advisors;

(h) The Sub-Advisory Agreement between MAML and Standard Life Investments Limited dated October 8, 2013, as amended April 4, 2014. For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination provisions, refer to Responsibility for operations of the Funds, Portfolio Advisor and Sub-Advisors;

(i) The Sub-Advisory Agreement between MAML and Standard Life Investments (USA) Limited dated April 4, 2014. For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination

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provisions, refer to Responsibility for operations of the Funds, Portfolio Advisor and Sub-Advisors;

(j) the Investment Management Agreement between MAML, MAM Hong Kong and MAM US dated May 28, 2015. For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination provisions, refer to Responsibility for operations of the Funds, Portfolio Advisor and Sub-Advisors;

(k) the Investment Management Agreement between MAML and MAM US dated May 28, 2015. For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination provisions, refer to Responsibility for operations of the Funds, Portfolio Advisor and Sub-Advisors;

(l) the Amended and Restated Custodian Agreement dated December 28, 2009 between Standard Life Trust Company and MAML (effective prior to November 16, 2015); and

(m) the Custodian Agreement between MAML and RBC Investor Services Trust dated July 23, 2007, as amended (effective on and after November 16, 2015). For information on this contract and a description of its general nature, including the particulars, the date, the parties, the consideration paid by the Funds or the termination provisions, refer to Responsibility for operations of the Funds, Custodian.

Copies of the material contracts listed above may be examined by prospective or existing securityholders at the principal office of the Funds during ordinary business hours or on the Web at www.sedar.com. Legal and administrative proceedings There are currently no legal proceedings material to the Funds, nor are there any such proceedings known to be contemplated, as at the date of this Annual Information Form.

Certificate of the Trust Funds and the Manager and Promoter of the Trust Funds This annual information form, together with the simplified prospectus and the documents incorporated by reference into the simplified prospectus, constitute full, true and plain disclosure of all material facts relating to the securities offered by the simplified prospectus, as required by the securities legislation of all provinces and territories of Canada, and do not contain any misrepresentations.

Standard Life Money Market Fund Standard Life Canadian Small Cap Fund Standard Life Short Term Bond Fund Manulife U.S. Dividend Income Fund Standard Life Canadian Bond Fund (formerly Standard Life U.S. Dividend Growth Fund)Standard Life Tactical Bond Fund Standard Life U.S. Equity Value Fund Manulife Canadian Corporate Bond Fund Manulife Global Dividend Growth Fund (formerly Standard Life Corporate Bond Fund) (formerly Standard Life Global Dividend Growth Fund) Standard Life Global Bond Fund Standard Life International Equity Fund Standard Life High Yield Bond Fund Standard Life Global Equity Value Fund Standard Life Emerging Markets Debt Fund Manulife Global Equity Unconstrained Fund Manulife Conservative Income Fund (formerly Standard Life Global Equity Fund) (formerly Standard Life Diversified Income Fund) Manulife Global Real Estate Unconstrained Fund Manulife Canadian Monthly Income Fund (formerly Standard Life Global Real Estate Fund) (formerly Standard Life Monthly Income Fund) Standard Life European Equity Fund Manulife Canadian Dividend Income Fund Manulife Emerging Markets Fund (formerly Standard Life Dividend Income Fund) (formerly Standard Life Emerging Markets Dividend Fund) Manulife Tactical Income Fund Manulife Portrait Conservative Portfolio (formerly Standard Life Tactical Income Fund) (formerly Standard Life Conservative Portfolio)Standard Life Balanced Fund Manulife Portrait Moderate Portfolio Manulife Unhedged U.S. Monthly High Income Fund (formerly Standard Life Moderate Portfolio) (formerly Standard Life U.S. Monthly Income Fund) Manulife Portrait Growth Portfolio Manulife Canadian Dividend Growth Fund (formerly Standard Life Growth Portfolio) (formerly Standard Life Canadian Dividend Growth Fund) Manulife Portrait Aggressive Portfolio Standard Life Canadian Equity Value Fund (formerly Standard Life Aggressive Portfolio) Standard Life Canadian Equity Fund Manulife Portrait Dividend Growth & Income Portfolio Standard Life Canadian Equity Growth Fund (formerly Standard Life Dividend Growth & Income Portfolio)

(the “Trust Funds”) Dated: November 9, 2015

“Kai Sotorp” “Lucas Pontillo” Kai Sotorp Chief Executive Officer Manulife Asset Management Limited

Lucas Pontillo Chief Financial Officer Manulife Asset Management Limited

On behalf of the Board of Directors of Manulife Asset Management Limited, as investment fund manager, as Trustee, and

as promoter of the Trust Funds

Dated: November 9, 2015

“Paul Lorentz” “Warren Thomson” Paul Lorentz Director Manulife Asset Management Limited

Warren Thomson Director Manulife Asset Management Limited

Certificate of the Corporate Classes and the Manager and Promoter of the Corporate Classes This annual information form, together with the simplified prospectus and the documents incorporated by reference into the simplified prospectus, constitute full, true and plain disclosure of all material facts relating to the securities offered by the simplified prospectus, as required by the securities legislation of all provinces and territories of Canada, and do not contain any misrepresentations. Standard Life Short Term Yield Class Manulife Canadian Monthly Income Class (formerly Standard Life Monthly Income Class) Manulife Canadian Dividend Income Class (formerly Standard Life Dividend Income Class) Manulife Canadian Dividend Growth Class (formerly Standard Life Canadian Dividend Growth Class) Standard Life U.S. Equity Value Class Manulife Global Dividend Growth Class (formerly Standard Life Global Dividend Growth Class) Manulife Global Equity Unconstrained Class (formerly Standard Life Global Equity Class)

Manulife Emerging Markets Class (formerly Standard Life Emerging Markets Dividend Class) Standard Life Conservative Portfolio Class Standard Life Moderate Portfolio Class Manulife Portrait Growth Portfolio Class (formerly Standard Life Growth Portfolio Class) Manulife Portrait Dividend Growth & Income Portfolio Class (formerly Standard Life Dividend Growth & Income Portfolio Class) (the “Corporate Classes”)

Dated: November 9, 2015 “Michel Fortin” “James den Ouden” Michel Fortin President and Chief Executive Officer, Standard Life Corporate Class Inc.

James den Ouden Chief Financial Officer, Standard Life Corporate Class Inc.

On behalf of the Board of Directors of Standard Life Corporate Class Inc.

“Sheila Hart” “Yanic Chagnon” Sheila Hart Director, Standard Life Corporate Class Inc.

Yanic Chagnon Director, Standard Life Corporate Class Inc.

On behalf of Manulife Asset Management Limited, as investment fund manager of the Corporate Classes, and as promoter of the Corporate Classes

“Kai Sotorp” “Lucas Pontillo” Kai Sotorp Chief Executive Officer Manulife Asset Management Limited

Lucas Pontillo Chief Financial Officer Manulife Asset Management Limited

On behalf of the Board of Directors of Manulife Asset Management Limited

“Paul Lorentz” “Warren Thomson” Paul Lorentz Director Manulife Asset Management Limited

Warren Thomson Director Manulife Asset Management Limited

Certificate of the Principal Distributor of the Funds To the best of our knowledge, information and belief, this annual information form, together with the simplified prospectus and the documents incorporated by reference into the simplified prospectus, constitute full, true and plain disclosure of all material facts relating to the securities offered by the simplified prospectus, as required by the securities legislation of all of the provinces and territories of Canada, and do not contain any misrepresentations.

Dated: November 9, 2015

MANULIFE ASSET MANAGEMENT INVESTMENTS INC.

“Paul Lorentz” Paul Lorentz Director Manulife Asset Management Limited

Manulife Mutual Funds

Fixed Income Funds Monthly Income and Balanced Funds Canadian Equity Funds

U.S. Equity Funds Global Equity Funds Portrait Portfolio Funds

Additional information about the Funds is available in the Funds' Fund Facts, management reports of fund performance and financial statements. You can get a copy of these documents, at your request and at no costs, by calling 1 888 588 7999, from your dealer or by e-mail at [email protected]. These documents and other information about the Funds, such as information circulars and material contracts, are also available on our Web site at manulifemutualfunds.ca or at www.sedar.com.

Head Office:

MANULIFE INVESTMENTS, A DIVISION OF MANULIFE ASSET MANAGEMENT LIMITED200 Bloor Street East North Tower 4 Toronto, Ontario M4W 1E5

Administration and Processing Requests:

MANULIFE INVESTMENTS, A DIVISION OF MANULIFE ASSET MANAGEMENT LIMITED Order Receipt Office 500 King Street North Del Stn 500 G-B Waterloo, Ontario N2J 4C6

FOR MORE INFORMATION, PLEASE CALL 1 888 588 7999 OR VISIT MANULIFEMUTUALFUNDS.CA

Manulife, Manulife Investments, the Block Design, the Four Cube Design, and Strong Reliable Trustworthy Forward-Thinking are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under licence. 11/15

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