Mutual Fund Monthly ReviewMutual Fund Industry Vital SignsStarting assets (April 30, 2013) $747.3 billion+ net sales $4.0 billion+/- estimated market effect $4.1 billion (0.5%)= Ending assets (May 31, 2013) $755.4 billion

Did You Know?According to Investment Executive’s 2013 Dealers’ Report Card, the average advisor’s approach to product allocation hasn’t changed much over the past year. Mutual Funds and Insurance Products, although exhibiting slightly lower allocations than last year, remain the dominant products within advisors’ books. Equities, ETFs and Managed Products gained percentage share over the same period.

Source: Investment Executive’s 2013 Dealers’ Report Card

May 2013

EquiSoft specializes in the design and development of digital business solutions primarily for the financial industry. For more information please contact: Jonathan Georges, CIM, FCSI , Vice President, Financial Products. T: 514.989.3141 X 201 | T: 888.989.3141 | Jonathan.Georges@equisoft.com | www.equisoft.com. ©2011 EquiSoft consulting and software solutions.

Note: Asset growth figures can be affected by a change in the number of companies reporting to IFIC and by fund category changes.

Source: IFIC except for Performance where the source is Fundata.

Top 3 Categories Bottom 3 Categories

Asset Growth ($) Global Neutral Balanced: $2.184 billion Canadian Fixed Income: -$874 million U.S. Equity: $1.547 billion Cdn. Short Term Fixed Income: -$233 million Global Equity: $1.200 billion Cdn. Infl. Protected Fixed Income: -$191 million

Asset Growth Preferred Share Fixed Income: 25.2% Cdn. Infl. Protected Fixed Income: -8.0% (as a % of starting assets) Alternative Strategies: 18.2% Misc. – Geographic Equity: -6.1% U.S. Small/Mid Cap Equity: 8.5% Precious Metals Equity: -4.9%

Net Sales ($) Global Neutral Balanced: $1.773 billion Canadian Focused Equity: -$600 million Cdn. Fixed Income Balanced: $1.034 billion Canadian Equity Balanced: -$443 million Global Fixed Income: $469 million Canadian Money Market: -$199 million

Net Sales Preferred Share Fixed Income: 25.6% Miscellaneous – Other: -4.4%(as a % of starting assets) Alternative Strategies: 10.3% Cdn. Infl. Protected Fixed Income: -3.7% Global Fixed Income: 5.5% Greater China Equity: -2.6%

Performance U.S. Small/Mid Cap Equity: 5.7% Cdn. Inflation Protected Fixed Income: -4.4%(Fund category averages) U.S. Equity: 5.0% Real Estate Equity: -4.3% North American Equity: 4.3% Japanese Equity: -4.0%

Vital Signs by Fund Category for May 2013

May 2013 – Product Development HighlightsMackenzie Investments launched two specialized fixed income funds: Mackenzie Strategic Bond and Mackenzie Floating Rate Income. The management fees for series A versions of the new funds are 1.4% and 1.6% respectively.

Dynamic Funds launched Dynamic U.S. Dividend Advantage and its corporate class version. The new value-style fund will invest primarily in dividend-paying stocks and other U.S. equities that make income distributions, such as real estate income trusts. The management fee for the Series A version of the fund is set at 1.85%.

FT Portfolios Canada launched three income-paying ETFs on the Toronto Stock Exchange: First Trust AlphaDEX Canadian Dividend Plus, First Trust AlphaDEX U.S. Dividend Plus (CAD-hedged) and First Trust AlphaDEX Emerging Market Dividend (CAD-Hedged). The new funds will employ First Trust’s proprietary AlphaDEX methodology to select stocks and will all make monthly distributions.

CI Investments announced plans to merge CI Japanese Corporate Class into CI Pacific Corporate Class, leaving only five other mutual funds competing in the Japanese Equity category. CI also announced plans to broaden the investment mandate of three Canadian-focused funds to global mandates (CI Cambridge High Income, CI Signature Canadian Resource and its corporate class version).

Average % of product distribution

64% Mutual Funds

24% Insurance Products

3%2%

2%2%

1%1%

1%

Mutual FundsInsurance ProductsEquitiesBanking productsPropietary managed�ird-party managedBondsExchange-trade fundsAlternative investments

CONSULTING AND SOFTWARE SOLUTIONS

Please do not hesitate to contact us for more information.Jonathan Georges, CIM, FCSI Vice-président, Produits financiers / Vice President, Financial Products

EquiSoftCONSEILS ET SOLUTIONS INFORMATIQUES / CONSULTING AND SOFTWARE SOLUTIONS

T: 514.989.3141 X 201 | T: 888.989.3141 | F: 514.989.3140 Jonathan.Georges@equisoft.com | www.equisoft.com

CONSULTING AND SOFTWARE SOLUTIONS

Borrowing to invest in an RRSP CalculatorThis calculator helps to highlight the potential benefits of borrowing to invest in a registered plan.

Financial Projection CalculatorThis calculator projects an investor’s assets until their retirement date and evaluates whether their financial needs will be met throughout retirement.

EquiSoft specializes in the design and development of digital business solutions primarily for the financial industryDesigning and developing industry-leading business solutions for financial sector clients is second nature to us. Years of delivering successful projects have made the EquiSoft team a highly sought-after resource. Knowledge, expertise, an entrepreneurial spirit and first-rate client care are some of the hallmarks of our brand.

Each month this space features an EquiSoft product or service that exemplifies our commitment to the financial industry. This month’s edition highlights our online calculator capabilities. The availability of such calculators can drive traffic to both your investor and advisor sites and helps to reinforce your firm’s position as provider of value-added services.

Other calculators include:• Net Worth

• Cash Flow

• Insurance Needs

• RRIF Minimum Withdrawal

• Investing in RRSP versus Mortgage Repayment

• RESP Projection

• Portfolio Comparison

The EquiSoft team also has a vast amount of experience developing customized calculators to meet our clients’ unique requirements.

EquiSoft has a comprehensive suite of online calculators at your disposal. Some examples are outlined below.

Please do not hesitate to contact us for more information.Jonathan Georges, CIM, FCSI Vice-président, Produits fi nanciers / Vice President, Financial Products

EquiSoft CONSEILS ET SOLUTIONS INFORMATIQUES / CONSULTING AND SOFTWARE SOLUTIONS

T: 514.989.3141 X 201 | T: 888.989.3141 | F: 514.989.3140Jonathan.Georges@equisoft .com | www.equisoft .com