Scotia Canadian Balanced Fund Series A

1 SCOTIAFUNDSAs of May 31, 2018 Scotia Canadian Balanced fund - Series ACanadian Neutral BalancedInvestment ObjectiveThe fund 's objective is to provide a balance betweenearning income and obtaining capital growth over thelong term. It invests primarily in a broad range ofCanadian equity and fixed income for InvestingnThrough a Balanced growth approach to establishingand shifting the asset mix, the fund aims to providelong-term capital fund responds to market conditions within amodest target asset allocation exposure to three main asset classesreduces overall volatility, making it suitable for aconservative investor seeking moderate Rating LOWMEDIUMHIGHTime Horizon Medium-LongFUND ESSENTIALSI nception DateMay 7, Assets $mil2, Initial Inv.

2 ($) Additional Inv.($) % (as of 12/31/2017) $ FTSE TMX Canada UniverseBond Index, 45% S&P/TSX CappedComposite Index (TR), 10% S&P500 Index (TR C$)..SeriesLoad StructureCurrencyFundCodeANo LoadCADBNS378 DNo LoadCADBNS178 FNo LoadCADBNS578 Portfolio Manager(s)Don SimpsonDon SimpsonDon SimpsonDon Simpson 1832 Asset Management BuddRomas BuddRomas BuddRomas Budd 1832 Asset Management Asset Management & PORTFOLIO ANALYSISC ompound returns (%)1 Mth3 Mth6 Mth1 Yr2 Yr3 Yr5 Yr10 Year Returns (%) ($/unit)YTD20172016201520142013201220112 01020092008 Total of $10,000$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 Jun-90 May-18 Composition (%)

3 Fixed Canadian 10 Holdings% AssetsScotia Canadian Income Royalty Imperial Bank of Bank of Communications Inc. -Cl of Nova Brands International Inc.(C$) Allocation (%) States of Income Breakdown (%)Government investments (Cash & Other) Backed Portfolio HoldingsStock Holdings42 Bond Holdings59 Other Holdings2 Total Number of Underlying Holdings103 SCOTIAFUNDSS cotia Canadian Balanced fund - Series ACanadian Neutral BalancedMANAGER BIODon SimpsonManager Since December 1, 20151832 Asset Management Simpson has more than 20 years of investmentindustry experience and joined 1832 Asset in 2012 as Portfolio Manager.

4 From 2000-2004, Donwas an investment analyst with the Canadian Equity teamof a major Canadian mutual fund company until beingpromoted to portfolio manager in 2004. From 2004-2012 Don was Lead or Co-Manager on several funds and wasalso responsible for the fund s asset allocation received a Bachelor of Business Administration fromBishop s University in 1994, and gained his CharteredFinancial Analyst designation in BuddManager Since February 29, 20121832 Asset Management Budd is Vice President & Portfolio Manager at 1832 Asset Management Romas started in the investmentindustry in 1984 and has been at 1832 Asset and predecessor companies for the past 20 is an Honours graduate of the Bachelor of Scienceprogram at McMaster University and obtained a Masters ofBusiness Administration from the University of Toronto.

5 Registered trademarks of The Bank of Nova Scotia , used under are managed by 1832 Asset Management , a limited partnership the general partner of which is wholly owned by The Bank of Nova Scotia . ScotiaFunds are availablethrough Scotia Securities Inc. and from other dealers and advisors, including ScotiaMcLeod and Scotia iTRADE which are divisions of Scotia Capital Inc. Scotia Securities Inc. and ScotiaCapital Inc. are wholly owned by The Bank of Nova Scotia . Scotia Capital Inc. is a member of the Canadian Investor Protection fund and the Investment Industry Regulatory Organization prices are provided for information purposes only.

6 All information pertains to Series A units of the fund unless stated otherwise. Units of the fund are only available for sale to residents ofCanada, unless the laws of a foreign jurisdiction permit sales to its residents. Please contact your financial advisor for more details. The contents of this document should not be considered anoffer to sell to, or a solicitation to buy mutual fund units from, any person in a jurisdiction where such offer or solicitation is considered MUTUAL fund INFORMATIONC ommissions, trailing commissions, management fees and expenses may be associated with mutual fund investments.

7 Please read the prospectus beforeinvesting. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, theirvalues change frequently and past performance may not be repeated. The indicated rates of return are the historical annual compounded total returnsincluding changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges orincomes taxes payable by any security holder that would have reduced Asset Management , as Manager of the ScotiaFunds, may compensate its staff and any appointed sub-distributor by regular payments based on the net asset value (NAV) of unitsheld by investors.

8 For further details, please refer to the Simplified Prospectus.