About this presentation

This document/video is not intended to provide legal, accounting, tax or specific investment advice. Information contained in this document was obtained from sources believed to be reliable; however, EdgePoint does not assume any responsibility for losses, whether direct, special or consequential, that arise out of the use of this information.

Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. This is not an offer to purchase. Mutual funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.

Annualized returns for Cymbria

Annualized returns for EdgePoint Wealth Management

These are the benchmark indexes we’ve chosen for our portfolios:

EdgePoint Global Portfolio: The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen as it’s a widely used benchmark of the Global equity market.

EdgePoint Canadian Portfolio: The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen as it’s a widely used benchmark of the Canadian equity market.

EdgePoint Canadian Growth & Income Portfolio: 60% S&P/TSX Composite Index / 40% ICE BofA Canada Broad Market Index. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the former is a widely used benchmark of the Canadian equity market and the latter representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EdgePoint Global Growth & Income Portfolio: 60% MSCI World Index / 40% ICE BofA Canada Broad Market Index. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the former is widely used for the Global equity market and the latter representative of fixed-income opportunities consistent with the Portfolio’s mandate.

Why our performance may not be similar to their benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability.

Forward-looking statements

This presentation may contain forward-looking statements including strategy, expected performance and condition. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or negative versions thereof and similar expressions.

In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future action, is also a forward-looking statement. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about economic factors.

Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied in any forward-looking statements made by EdgePoint. Any number of important factors could contribute to these digressions, including, but not limited to, general economic, political and market factors, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, and catastrophic events.

We stress that the above-mentioned list of important factors is not exhaustive. We encourage you to consider these and other factors carefully before making any investment decisions and we urge you to avoid placing undue reliance on forward-looking statements. Further, you should be aware of the fact that we have no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, prior to the release of the next Management Report on Fund Performance.

Endnotes

1 Source, MSCI World Index: Morningstar Direct. As at March 31, 2021. Total returns in C$. Security selection return calculated excluding EdgePoint’s value and its dividends while adjusting for Normal Course Issuer Bids (NCIB) or Liquidity Realization Opportunities (LRO) and excluding any EdgePoint changes in valuation or dividends. An NCIB is a process where a company slowly repurchases shares at a lower price and cancels them. An LRO is an agreement to buy shares from a willing seller at an agreed upon price when Cymbria shares trade at a discount to net asset value. The MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings, geographic/sector allocations and whether a company is public or private may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

2 Source, EdgePoint returns: Fundata Canada Inc. Source, benchmark returns: Bloomberg LP. Annualized total returns in C$. EdgePoint Series F and the benchmark returns are since November 17, 2008. Series F is available to investors in a fee-based/advisory fee arrangement and doesn’t require EdgePoint to incur distribution costs in the form of trailing commissions to dealers. Benchmarks are the MSCI World Index (EdgePoint Global Portfolio) and the S&P/TSX Composite Index (EdgePoint Canadian Portfolio). The MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen for being a widely used benchmark of the Canadian equity market. Index returns are net of fees. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

3 Source, fees: Scotia Bank. Category average MERs are for actively managed series F funds from AGF Management Ltd., CI Financial Corp., Mackenzie Investments, Counsel Portfolio Services Inc. and IG Wealth Management in the following categories: Global Equity Category and Canadian Equity and Canadian Focused Equity Category. Series F is available to investors in fee-based/advisory fee arrangement and excludes trailing commissions. EdgePoint Portfolio MERs as at December 31, 2020.

4 Source, EdgePoint returns: Fundata Canada Inc. Source, benchmark returns: Bloomberg LP. Annualized total returns in C$. EdgePoint Series F and the benchmark returns are since November 17, 2008. Series F is available to investors in a fee-based/advisory fee arrangement and doesn’t require EdgePoint to incur distribution costs in the form of trailing commissions to dealers. Benchmarks are a 60% MSCI World Index/40% ICE BofA Canada Broad Market Index blend (EdgePoint Global Growth & Income Portfolio) and a 60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index blend (EdgePoint Canadian Growth & Income Portfolio). Index returns are net of fees. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market.  The blended benchmark constituents  was chosen because the MSCI World Index is a widely used benchmark for the global equity market, the S&P/TSX Composite Index is a widely used benchmark of the Canadian equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolios’ mandates.  We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

5 Source, fees: Scotia Bank. Category average MERs are for actively managed series F funds from AGF Management Ltd., CI Financial Corp., Mackenzie Investments, Counsel Portfolio Services Inc. and IG Wealth Management in the following categories: Global Equity Category, Canadian Equity and Canadian Focused Equity Category, Global Equity Balanced, Global Neutral Balanced and Global Fixed Income Balanced Category, Canadian Equity Balanced, Canadian Neutral Balanced and Canadian Fixed Income Balanced Category. Series F is available to investors in fee-based/advisory fee arrangement and excludes trailing commissions. EdgePoint Portfolio MERs as at December 31, 2020.

6 Source: Bloomberg LP. Index returns are total returns in C$. EdgePoint Growth & Income Portfolio total returns in local currency. EdgePoint Growth & Income Portfolios fixed-income performance figures shown for illustrative purposes only and aren’t indicative of future performance. They aren’t intended to represent returns of an actual fixed-income fund as they weren’t investible. EdgePoint Growth & Income Portfolio fixed-income performance figures are gross of fees and approximations calculated based on end-of-day holdings data (actual trading prices not captured). The ICE BofA Canada Broad Market Index tracks the performance of investment-grade debt publicly issued in the Canadian domestic market. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

7 The Nikkei 225 Index is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The S&P 500 index is a broad-based, market-capitalization-weighted index of 500 of the largest and most widely held U.S. stocks. The MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange.

8 The MSCI World Value Index is an index comprising large- and mid-cap equity securities available in developed markets globally exhibiting value-style characteristics. Categorization is based on book value to price, 12-month forward earnings to price and dividend yield. The MSCI World Growth Index is an index comprising large- and mid-cap equity securities available in developed markets globally exhibiting growth-style characteristics. Categorization is based on long-term forward earnings-per-share growth rate, short-term forward earnings-per-share growth rate, current internal growth rate, long-term historical earnings-per-share growth trend and long-term historical sales per share growth trend.

9 The MSCI World Quality Index is an index comprising large- and mid-cap equity securities available in developed markets globally exhibiting value-style characteristics. Categorization is based on high return on equity, stable year-over-year earnings growth and low financial leverage.

10 The MSCI World Minimum Volatility Index is an index comprising large- and mid-cap equity securities in the MSCI World Index available in developed markets globally exhibiting minimum variance characteristics. The MSCI World Momentum Index is an index comprising large- and mid-cap equity securities available in developed markets globally exhibiting momentum-style characteristics. Categorization is based on high stock momentum, reasonably high trading liquidity, investment capacity and moderate index turnover.

11 We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings, geographic/sector allocations and whether a company is public or private may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

12 Source: Government of Canada, “Progress towards Canada’s greenhouse gas emissions reduction target”, March 3, 2021. https://www.canada.ca/en/environment-climate-change/services/environmental-indicators/progress-towards-canada-greenhouse-gas-emissions-reduction-target.html.

13 Source: TransAlta corporate reporting.