You-Centric PortfoliosA Portfolio that Starts with You

INDEPENDENT PLATFORM

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INDEPENDENT PLATFORM

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With the Morningstar Managed Investments Program, your Advisor has access to tools such as the Investment Profile Questionnaire (IPQ) that will ask you for nuanced responses to answer these questions.

What if You Could Get ONE Portfolio that Worked for YOU?WHAT IF your Financial Advisor could offer you one portfolio with some of the top managers available? And, what if that portfolio was based on your investment profile: reaching your financial goals on your timetable and taking into account your attitudes towards risk and reward? With Morningstar’s Managed Investments Program, your Advisor can offer you a “you-centric” portfolio right now.

Your Advisor will work with you to choose a portfolio that is aligned to YOUR:

Financial goals Timetable Attitudes towards risk & reward

A Portfolio That Reflects You

What will you use your money for?

When will you need your money?

Will you need your money in a lump sum or draw it down over time?

What is your appetite for risk?

Is your main goal to avoid loss or maximize growth?

Do you react to bad news or stay the course?

How will you react to ups and downs in the market?

PRIVATE CLIENT TREATMENT: An Individualized Investment Policy StatementYour IPQ responses are used to determine your Investment Profile and the type of portfolio that is best-suited for you. All of this information is included in an individualized Investment Policy Statement (IPS), a declaration of intent typically prepared for institutional and affluent private investors. You and your Advisor can use your IPS to discuss your portfolio and how it responds to your needs and attitudes towards risk and reward.

A Portfolio of Leading Managers Working for YouCall them top performers, strong picks, cream of the crop – you want your portfolio stacked with strong leaders. Morningstar Managed Investments hold leading managers of ETFs, mutual funds and pooled funds with strong potential for performance. Certainly, your Financial Advisor will recognize and recommend many of these leading, 3rd party managers.

1.7x 3.9x1.7x 3.9x1.7x 3.9x

80%20%

60%40%

40%60%

20%80%

5%95%

Features:• 60% equity +/- 15%• Designed to pursue long-term

growth & incur less volatility than equities

• 3rd Party mutual funds, pooled funds, ETFs

• Risk classification: Low to Medium

Morningstar Balanced Portfolio

Combining Managers that Fit Well Together

Morningstar analyzes how managers

contrast and complement one another

and work together. This means

evaluating how investment styles and

asset classes work together for better

performance potential.

Morningstar’s Objectivity and 3rd Party Managers Morningstar analysts conduct regular face-to-face meetings with investment managers around the world. They couple objective insight with high-quality data to uncover third-party mutual funds, pooled funds and ETFs with the potential for superior returns. Then, Morningstar uses their asset allocation expertise to combine their highest-confidence selections carefully to avoid overvaluations and help limit the impact of market ups and downs.

Morningstar Global Analysts

Morningstar is known globally for

their independent, objective analysis,

so you can rest assured that

managers in your portfolio are there

because they are leading managers,

with potential to deliver for you.

Portfolios Designed to Put You First

The portfolios are designed to connect

you to investment choices that help you

reach your goals on your timetable

while taking into account your appetite

for risk. Each portfolio is designed for

you, the investor – no matter how

conservative or aggressive your

approach to investing may be.

Your Advisor plays a vital role helping

you on your path to financial security,

by understanding your financial

circumstances and needs, as well as

your attitudes towards risk and reward.

Your Advisor can also help you stick to

your financial plan and reach your goals

– especially during challenging times.

Working with a Financial Advisor Can Increase Your Wealth:

Potential to Generate MORE for You

Advised households grow wealth significantly over time

ADVICE FOR 4-6 YEARS1

ADVICE FOR 15+ YEARS1

Research shows that the longer you receive financial advice, the more likely your investments are to grow.

Advised households have 2.1x the median financial assets vs. non-advised households 2

Morningstar’s Gamma research suggests that retirees can generate up to 23% more retirement income by making intelligent financial planning decisions.**

1Claude Montmarquette and Nathalie Viennot-Briot, 2016.2 New Evidence on the Value of Financial Advice, Dr. Jon Cockerline, PhD/IFIC.**Source: Morningstar Associates Inc. Through a series of simulations, researchers estimate a hypothetical retiree may generate 22.63% more income on a utility-adjusted basis utilizing a Gamma-efficient retirement income strategy that incorporates the concepts total wealth, dynamic withdrawal, annuity allocation, asset location and withdrawal sourcing, and liability-relative optimization, when compared to a base scenario which assumes a 4% withdrawal rate and a 20% equity allocation portfolio. The results from these simulations are hypothetical in nature, not actual investment results and not guarantees of future results.

1.7x 3.9x

1.7x 3.9x

1.7x3.9x

ADVICE MAKES A DIFFERENCE

+23%

Investment Managers

Learn More: MstarBridgehouse.com36 Toronto Street | Suite 850 | Toronto | ON | M5C 2C5 | 416.306.5700 | 888.861.9998

Bridgehouse Asset Managers® is a trade name of Brandes Investment Partners & Co. (Bridgehouse). Brandes Investment Partners® is a registered trademark of Brandes Investment Partners, L.P. (Brandes LP), which is an affiliate of Bridgehouse. The foregoing reflects the thoughts, opinions and/or investment strategies of Bridgehouse and/or Morningstar and are subject to change at their discretion and without prior notice, based on changing market dynamics or other considerations. Bridgehouse and Morningstar have taken reasonable steps to provide accurate and current data. The data has been gathered from sources believed to be reliable, however Bridgehouse and/or Morningstar are not responsible for any errors or omissions contained herein. As the manager of the Bridgehouse Funds, Bridgehouse has hired Morningstar Associates Inc. (Morningstar) as portfolio sub-advisor in respect of certain of the Bridgehouse Funds. This material has been provided by Bridgehouse and is for informational purposes only. It should not be construed as a recommendation to buy or sell. Units and shares of the Bridgehouse Funds are available through registered dealers only and are not available through Bridgehouse. Published July 2020.This report may contain forward-looking statements about the economy, and markets; their future performance, strategies or prospects. The words “may,” “could,” “should,” “would,” “suspect,” “outlook,” “believe,” “plan,” “anticipate,” “estimate,” “expect,” “intend,” “forecast,” “objective” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance. Forward-looking statements involve inherent risks and uncertainties about general economic factors, so it is possible that predictions, forecasts, projections and other forward-looking statements will not be achieved. You are cautioned to not place undue reliance on these statements as a number of important factors could cause actual events or results to differ materially from those expressed or implied in any forward-looking statement. Before making any investment decisions, you are encouraged to consider these and other factors carefully. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.Bridgehouse has chosen Morningstar Associates Inc., a registered portfolio manager and wholly owned subsidiary of Morningstar Canada Group Inc., to serve as a portfolio sub-advisor and as such, provide managed selection, asset allocation, portfolio construction and monitoring services for certain Bridgehouse Funds. Morningstar Associates is not acting in the capacity of advisor to individual investors. The Morningstar name and logo are registered marks of Morningstar, Inc. Morningstar Associates Inc. is not affiliated with Bridgehouse or its affiliates. Morningstar Associates Inc. encourages you to obtain and review the Bridgehouse Fund prospectus, or an equivalent document prior to making an investment decision. BMO Global Asset Management is a brand name that comprises of BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp. and BMO’s specialized investment management firms. ®“BMO (Mbar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence. Invesco is a registered business name of Invesco Canada Ltd. Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. ©Invesco Canada Ltd., 2017. iShares® and BlackRock® are registered trademarks of BlackRock, Inc. and its affiliates (“BlackRock”) and are used under licence. BlackRock makes no representations or warranties regarding the advisability of investing in any product or service offered by Bridgehouse Asset Managers (“Bridgehouse”), the retail trade name of Brandes Investment Partners & Co. BlackRock has no obligation or liability in connection with the operation, marketing, trading or sale of any product or service offered by Bridgehouse. BlackRock, Inc. and its affiliates (“BlackRock”) has not participated in the construction of any funds managed by Bridgehouse nor has it provided any investment advice in respect thereof. BlackRock has no obligation or liability in connection with any services, products or recommendations provided by Bridgehouse. BlackRock does not guarantee the performance of any iShares exchange-traded fund. Capital Group funds are offered in Canada by Capital International Asset Management Inc. (Canada). ®The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.

The Team Behind Your Morningstar Portfolio and YOUYour Advisor Morningstar

Bridgehouse – The Independent Platform

• Analyzes your financial situation

• Helps determine your Investment Profilebased on your:

• Financial goals

• Timetable

• Attitudes towards risk and reward

• Matches you with an appropriate Portfolio

Morningstar Associates Inc. is a leading international provider of independent investment research and operates in 27 countries. It offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data and research insights on a range of offerings. It also offers investment management services through its advisory subsidiaries and as of June 30, 2018 has more than US$200 billion in assets under advisement and management.

Your Advisor accesses your Morningstar Portfolio from the Bridgehouse Independent Platform offered by Bridgehouse Asset Managers. Bridgehouse is dedicated to making independent investment products available to Canadian investors through Financial Advisors. The Bridgehouse Platform features five investment managers that take long-term views and represent diverse asset classes, styles and objectives, which Bridgehouse believes brings the best potential outcomes for investors.

INDEPENDENT PLATFORM

Exclusively on the