Printed on 02-25-2015 Baillie Gifford International Equity Fund Fund Category International Equity Morningstar Return Above Average General Information Performance Analysis as at 01-31-2015 Fund Code Fund Inception Underlying Inception Registered Plan Eligibility Fund Assets ($Mil) Underlying Assets ($Mil) 262 October 2004 N/A 100% 64.72 N/A Investment Fees % Operating Expenses % Underlying Operating Expenses % 0.80 0.01 N/A Management Company Baillie Gifford & Co Limited. www.desjardinslife insurance.com Web Site Morningstar Risk High 25 16 13 10 7 Volatility Analysis Investment Moderate Fund Benchmark 19 ) ) * ) & & * ( & ( ) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD Calendar Year 7.3 10.7 21.8 25.9 -4.0 -5.7 -33.3 -29.2 26.9 11.9 11.7 2.1 -7.6 -10.0 15.4 14.7 39.0 31.0 2.5 3.7 9.0 10.0 Fund Return % Benchmark % High Category Investment Objective Fund Benchmark 4 Yr 5 Yr 10 Yr 13.1 10.6 13.7 10.2 6.8 4.9 Portfolio Analysis as at 01-31-2015 % Assets Cash Fixed Income Canadian Equity US Equity International Equity Other Equity Style 1.5 0.0 0.0 0.5 97.9 0.0 Market Cap Mid Small Note 3 Yr 19.3 18.2 Composition Investment Strategy Baillie Gifford has managed this fund since December 2007. 2 Yr 20.7 18.9 Disclosure The above data represents past performance returns, which is not indicative of future results. These are gross performance returns, calculated after the fund's operating expenses, but before investment fees. For more information, please contact Desjardins Insurance's Customer Contact Centre at 1-800-968-3587. Benchmark MSCI EAFE Net The investments are actively managed in order to provide superior returns primarily through capital appreciation by investing in a diversified portfolio of companies located outside North America. Security selection favours companies that can sustain above-average growth in earnings and cash flow, while trading at a reasonable price. 1 Yr 12.1 13.2 Large The Fund targets an annualized return higher than the MSCI EAFE Net Index, expressed in Canadian dollars, over moving four-year periods. Quartile as at 01-31-2015 Annualized Returns % Low Growth of $10,000 22 % Giant 44.6 Large Medium Small 36.4 18.6 0.4 Micro 0.0 Value Blend Growth Top Ten Holdings % Assets Baidu Inc ADR Tencent Holdings Ltd Fiat Chrysler Automobiles NV SOFTBANK Corp Industria De Diseno Textil SA 5.1 4.7 4.5 4.2 3.9 AIA Group Ltd Atlas Copco AB Class A Prudential PLC Rakuten, Inc. L'Oreal SA 3.6 3.0 3.0 2.9 2.9 Total Number of Portfolio Holdings Total Number of Underlying Holdings Total Number of Stock Holdings Total Number of Bond Holdings 72 72 71 0 Top Five Countries China United Kingdom Japan Sweden Spain Global Equity Sectors Utilities Energy Financials Materials Consumer Discretionary Consumer Staples Telecommunication Services Industrials Health Care Information Technology Unclassified ©2014. Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Morningstar is not responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. This fund is an investment product offered under an insurance contract issued by Desjardins Financial Security. Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company. % Assets 12.5 12.2 11.4 10.8 8.4 % Equity 0.0 0.0 23.8 6.0 20.9 4.9 4.2 13.3 6.8 19.9 0.0 ?