QV CANADIAN SMALL CAP FUND

ANNUALIZED TOTAL GROSS RETURNS AS OF SEPTEMBER 30, 2018

Inception Date: January 01, 1997

Pooled Fund 3 Mos 6 Mos YTD 1 Yr 3 yr 5 yr 10 yr 15 yr 20 yr Inception
QV Cdn Small Cap Fund 2.0 8.4 2.7 6.7 12.5 9.9 12.1 12.9 14.1 12.6
BMO Small Cap Blended (Unwtd) TR Index -0.7 2.4 -5.9 0.0 12.1 3.8 6.0 5.3 6.1 4.3

Gross performance is before all investment advisory and management fees, which include custody, audit and legal fees.

The performance is historical and is not representative of future performance. The performance is a total return including both income and capital gains or losses.