RELACIONADOS CON EL CONSUMO DE SUSTANCIAS DE ABUSO

MATERIAL Y MÉTODOS

RELACIONADOS CON EL CONSUMO DE SUSTANCIAS DE ABUSO

Fund Details

Type of Fund Asset Allocation Fund

Date Established Series A, T6 and T8: November 28, 2011 Series C, R6 and R8: November 25, 2013 Securities Offered Series A, T6, T8, C, R6 and R8 mutual fund

class shares Eligibility for

Registered Plans The shares of this Portfolio are not eligible for registered plans. Portfolio Manager Desjardins Global Asset Management Inc. What Does the Portfolio Invest In?

Investment Objective

The main objective of this Portfolio is to procure long-term capital appreciation and some level of income. Consequently, the Portfolio invests mainly in the units of mutual funds, which themselves invest in equity and fixed-income securities throughout the world. This Portfolio might also hold exchange-traded funds)as well as individual equity and fixed-income securities.

Any modification of the fundamental investment objective must be approved by the shareholders by a majority vote at a meeting called for this purpose. Investment Strategies

To reach this investment objective, the Portfolio Manager will allocate the Portfolio’s assets among fixed-income securities in a proportion varying between 10% and 45% of the assets, and among equity securities in a proportion varying from 60% to 90% of the assets. The Portfolio holds these securities directly or through the intermediary of other mutual funds (the “underlying funds”), including those managed by the Manager, as well as ETFs.

The Portfolio Manager chooses and actively manages the Portfolio’s holdings, including the securities of underlying and ETFs. It will determine what percentage of the Portfolio’s assets will be invested in each security, while ensuring compliance with the Portfolio’s investment objective based on several criteria, including the following:

– positioning on the interest rate curve; – management style diversification; – geographical diversification; – market capitalization diversification; – taxation.

The Portfolio Manager rebalances the Portfolio’s asset allocation as needed and makes the necessary adjustments based on economic and financial forecasts and conditions, all the while respecting the asset allocation limits described above. The Portfolio Manager may adopt an investment approach that focuses on the tactical allocation of up to a 15% portion of the Portfolio’s assets. The goal of this approach is to benefit from short-term developments in perspectives and trends in yields, volatility and correlations between the main asset classes. As at the date hereof, the Portfolio Manager invests 87% of the Portfolio’s assets in underlying funds. Changes to the percentages of the Portfolio’s assets that are invested in a security or underlying fund, as well as the addition or removal of any underlying fund, will be carried out when the Portfolio Manager believes that such changes are advisable to improve the performance of the Portfolio. Such changes may be made at any time without notice to the securityholders.

The Manager has obtained from the Canadian Securities Administrators an exemption from the restrictions contained in NI 81-102 that will permit the Portfolio to purchase and hold:

a) securities of ETFs that seek to replicate (i) the performance of gold on an unlevered basis; or (ii) the value of a specified derivative the underlying interest of which is gold on an unlevered basis;

b) securities of ETFs that seek to replicate (i) the performance of silver on an unlevered basis; or (ii) the value of a specified derivative the underlying interest of which is silver on an unlevered basis;

c) securities of ETFs that seek to replicate (i) the performance of gold and silver on an unlevered basis; or (ii) the value of specified derivatives the underlying interests of which are gold and silver on an unlevered basis; and

d) silver and Permitted Silver Certificates and/or to enter into specified derivatives the underlying interest of which is silver on an unlevered basis.

For more information on these exemptions and the applicable conditions, see the Portfolio’s Annual Information Form.

In the event of materially adverse market conditions, the Portfolio Manager has the right to depart from its investment strategy to concentrate investments in sheltered securities such as Canadian money market instruments. The Portfolio and the underlying funds may conduct securities lending,

as well as repurchase and reverse repurchase transactions, in accordance with the requirements of the securities regulations, in order to earn additional income. For more information on these transactions, see “Repurchase and Reverse Repurchase Transaction Risk” and “Securities Lending Risk” on pages 4 and 5,

respectively, in the first part (Part A) of this Prospectus.

The Portfolio and underlying funds may use derivatives for both hedging and non- hedging purposes. They may use various derivative instruments to reduce their global risk or to improve their return. The Portfolio and underlying funds may use various derivatives such as options, forwards, futures contracts or swaps for the purposes of hedging against losses incurred by fluctuations in securities values or exchange rates. They may also use derivatives for non-hedging purposes to gain an exposure to or as a substitute for a security, region or sector, to reduce transaction costs or to provide enhanced liquidity. Derivatives will only be used by the Portfolio and the underlying funds in accordance with the requirements of the securities regulations.

There is no duplication of Portfolio’s and underlying funds’ management fees. What Are the Risks of Investing in the Portfolio?

A Portfolio that invests in underlying funds will indirectly have the same risks as the underlying funds that it holds. The Portfolio is subject to the risks of an underlying fund proportionally to its investment in that fund. If the Portfolio directly invests in equity and fixed-income securities, it will be exposed to the risks associated with a direct investment in such securities. The main direct and indirect risks pertaining to an investment in this Portfolio are the following:

– Credit risk; – Currency risk; – Equity risk;

– Foreign securities risk; – Fund of funds risk; – Interest rates risk.

The secondary direct and indirect risks pertaining to an investment in this Portfolio are the following:

– Asset allocation risk;

– Capital erosion risk (Series T6, T8, R6 and R8 shares only); – Commodity risk;

– Concentration risk; – Derivatives risk; – Emerging markets risk; – Exchange-traded funds risk; – Multiple series risk;

– Repurchase and reverse repurchase transaction risk; – Securities lending risk;

– Smaller companies risk; – Tax policy risk.

See “What are the Risks of Investing in a Mutual Fund?” on page 2 in the first part of this document (Part A) for a description of these risks.

Chorus II Corporate Class High Growth Portfolio

(continued)

144

Who Should Invest in the Portfolio?

Taken individually, this Portfolio is intended for investors who:

– are looking for a turnkey solution containing a variety of asset classes; – want to focus mainly on procuring long-term capital appreciation and some

level of income;

– have a medium risk tolerance.

However, combined with other investment products, this Portfolio may be suitable for all types of investors, since the proportion of an investor’s portfolio devoted to this Portfolio will be determined according to his personal tolerance for risk. Series T6, T8, R6 and R8 shares are suitable for investors who are looking for additional tax-advantaged monthly income to complement their income from other sources. These shares are not offered under registered plans. Series T6, T8, R6 and R8 shares are referable to the same portfolio of assets as Series A and C shares.

Distribution Policy

Since the Portfolio is a corporation, income and capital gains are paid as dividends. No dividend may be paid unless it is first declared by the board of directors of the Corporation, which cannot under any circumstances be required to declare such dividends.

For Series A and C shares, income and capital gains are paid or reinvested at the option of each investor, the default form of distribution being the reinvested option, subject to the following. If the amount to be distributed to an investor is less than $50, it will automatically be reinvested in shares of the Portfolio in question. In order to change the form of the distributions, the investor shall communicate with his or her representative.

The Portfolio’s Series A and C shares usually make annual distributions of income in September, and of capital gains in November. The Portfolio may also make distributions at other times should it deem appropriate.

Series T6, T8, R6 and R8 shares, for their part, entitle their holders to current monthly cash distributions of non-taxable capital distributions and/or net income paid on the last Friday of each month. Under the Portfolio, any income not previously distributed for Series T6, T8, R6 and R8 shares is also usually distributed in September, while capital gain distributions are made in November of each year. Exceptional distributions of income and capital gains for these series are automatically reinvested in shares of the Portfolio of the concerned series. On a purely informational basis, target distribution rates for tax-advantaged shares of series are currently the following:

Series T6 and R6: target annual rate of 6% of the security’s net asset value on the last day of the previous calendar year; and

Series T8 and R8: target annual rate of 8% of the security’s net asset value on the last day of the previous calendar year.

Any distribution made in excess of the Portfolio’s net income or net capital gains, will constitute a return of the investor’s capital back to the investor. Returns of capital will reduce the net asset value of the Portfolio, which could diminish its ability to generate future income.

The Portfolio reserves the right to make additional distributions in the course of a given year, should it deem appropriate, and to adjust the target distribution rates under the appropriate circumstances.

The amount of the monthly distribution for Series T6, T8, R6 and R8 shares is adjusted annually, based on the net asset value per share at the end of the previous calendar year. At the beginning of any calendar year, the revised monthly distribution per share paid out to security holders is calculated by multiplying the prescribed distribution rate of 6% for Series T6 and R6 shares or 8% for Series T8 and R8 shares, with the net asset value per share at the end of the previous calendar year and dividing the result by 12. The target annual rate for distributions should not be confused with the Portfolio’s yield rate.

Portfolio Expenses Indirectly Borne by Investors

You do not pay the Portfolio’s expenses directly but they will reduce the Portfolio’s returns. This table is intended to help you compare the cumulative cost of investing in the Portfolio with the cost of investing in another fund. It shows how much the Portfolio would pay in expenses on a $1,000 investment in the Portfolio’s shares that has a 5% hypothetical annual return, assuming that the management expense ratio (MER) of the Portfolio, during each given period, remains constant and equal to the Portfolio’s MER in its last fiscal year.

Fees and Expenses Payable

over (in dollars) Year1 Years3 Years5 Years10

Series A shares 23 74 129 293

Series T6 and T8 shares 23 74 129 293

Series C shares 22 68 120 272

Series R6 and R8 shares 23 72 125 285

For more information on the costs of investing in the Portfolio that are not included in the calculation of the management expense ratio, see “Fees and Expenses Payable Directly by You” on page 21 in the first part (Part A) of this Prospectus.

Fund Details

Type of Fund Asset Allocation Fund

Date Established Series A, T6 and T8: November 28, 2011 Series C, R6 and R8: November 25, 2013 Securities Offered Series A, T6, T8, C, R6 and R8 mutual fund

class shares Eligibility for

Registered Plans The shares of this Portfolio are not eligible for registered plans. Portfolio Manager Desjardins Global Asset Management Inc. What Does the Portfolio Invest In?

Investment Objective

The main objective of this Portfolio is to procure long-term capital appreciation. Consequently, the Portfolio invests mainly in the units of mutual funds, which themselves invest in equity and fixed-income securities throughout the world. This Portfolio might also hold exchange-traded funds ("ETFs") as well as individual equity and fixed-income securities.

Any modification of the fundamental investment objective must be approved by the shareholders by a majority vote at a meeting called for this purpose. Investment Strategies

To reach this investment objective, the Portfolio Manager will allocate the Portfolio’s assets among fixed-income securities in a proportion varying between 0% and 30% of the assets, and among equity securities in a proportion varying from 70% to 100% of the assets. The Portfolio holds these securities directly or through the intermediary of other mutual funds (the “underlying funds”), including those managed by the Manager, as well as ETFs.

– positioning on the interest rate curve; – management style diversification; – geographical diversification; – market capitalization diversification; – taxation.

The Portfolio Manager rebalances the Portfolio’s asset allocation as needed and makes the necessary adjustments based on economic and financial forecasts and conditions, all the while respecting the asset allocation limits described above. The Portfolio Manager may adopt an investment approach that focuses on the tactical allocation of up to a 15% portion of the Portfolio’s assets. The goal of this approach is to benefit from short-term developments in perspectives and trends in yields, volatility and correlations between the main asset classes. As at the date hereof, the Portfolio Manager invests 90% of the Portfolio’s assets in underlying funds. Changes to the percentages of the Portfolio’s assets that are invested in a security or underlying fund, as well as the addition or removal of any underlying fund, will be carried out when the Portfolio Manager believes that such changes are advisable to improve the performance of the Portfolio. Such changes may be made at any time without notice to the securityholders.

The Manager has obtained from the Canadian Securities Administrators an exemption from the restrictions contained in NI 81-102 that will permit the Portfolio to purchase and hold:

d) silver and Permitted Silver Certificates and/or to enter into specified derivatives the underlying interest of which is silver on an unlevered basis.

For more information on these exemptions and the applicable conditions, see the Portfolio’s Annual Information Form.

respectively, in the first part (Part A) of this Prospectus.

There is no duplication of Portfolio’s and underlying funds’ management fees. What Are the Risks of Investing in the Portfolio?

– Credit risk; – Currency risk; – Equity risk;

– Foreign securities risk; – Fund of funds risk; – Interest rates risk.

The secondary direct and indirect risks pertaining to an investment in this Portfolio are the following:

– Asset allocation risk;

– Capital erosion risk (Series T6, T8, R6 and R8 shares only); – Commodity risk;

– Concentration risk; – Derivatives risk; – Emerging markets risk; – Exchange-traded funds risk; – Multiple series risk;

– Repurchase and reverse repurchase transaction risk; – Securities lending risk;

– Smaller companies risk; – Tax policy risk.

See “What are the Risks of Investing in a Mutual Fund?” on page 2 in the first part of this document (Part A) for a description of these risks.

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