Strategy – Optimized Portfolio 4 As of March 31, 2015 The GPS Optimized Portfolio 4 offers a more flexible asset allocation, but will maintain at least 30% exposure to cash and fixed income at all times. The balance is invested in equities and alternative asset classes, including real estate, infrastructure, commodity and hedge funds exposures. The portfolio endeavours to cap risk at a 6% annualized threshold.

Holdings Asset Class Breakdown

Name

Total Asset Class

Cash - 1mLIBOR-1% 14.9% Fixed Income 33.6% Canadian Gov't 1.5% 01/08/2015

Canadian Gov't 1.3% 01/09/2018 Canadian Gov't 1.8% 01/09/2019 Canadian Gov't 2.5% 01/06/2024 Equity 38.4%

Pembina Pipeline Corp Inter Pipeline Ltd Magna International Gildan Activewear Inc Alimentation Couche-Tard George Weston Royal Bank of Canada Constellation Software Inc CGI Group Inc Open Text Corp SPDR S&P MidCap 400 Index 3M Co. Consumer Staples Select Sector SPDR DIRECTV Group Inc Deckers Outdoor Corp Monster Beverage Corp Gilead Sciences Take-Two Interactive Software Alternatives 13.1%

BMO Global Infrastructure Index ETF BMO E/W REITs Index ProShares Large Cap Core 130/30 ETF Horizons Morningstar Hedge Fund Index ETF

14.9%

33.6% 38.4%

13.1%

Cash

Fixed Income

Equity

Alternatives