Scotia Money Market Fund Series A

1 SCOTIAFUNDSAs of December 31, 2018 Scotia Money Market fund - Series ACanadian Money MarketInvestment ObjectiveThe fund 's objective is to provide income and liquidity,while maintaining a high level of safety. It investsprimarily in high quality, short term fixed incomesecurities issued by Canadian federal, provincial andmunicipal governments, Canadian chartered banks andtrust companies, and for InvestingnSafety through diversification by investing in multiplehigh quality securities with multiple maturity termsand from multiple highly liquid.

2 Short-term safety by investing insecurities with an average term to maturity ofbetween 30 and 90 the convenience of expert professionalmoney Rating LOWMEDIUMHIGHTime Horizon ShortFUND ESSENTIALSI nception DateAugust 30, Assets $ Initial Inv.($) Additional Inv.($) Yield** % (as of 12/31/2017)** $ TMX Canada 60-Day StructureCurrencyFundCodeANo LoadCADBNS357 Adv*Deferred SalesCADBNS957 Adv*Front EndCADBNS757 Adv*Low LoadCADBNS857 Prem**No LoadCADBNS257*All advisor Series funds are closed to new investment effective June25, 2015.

3 **The Premium Series of the fund is closed to new investment effectiveAugust 8th Manager(s)Bill GirardBill GirardBill GirardBill Girard 1832 Asset Management & PORTFOLIO ANALYSISC ompound returns (%)1 Mth3 Mth6 Mth1 Yr2 Yr3 Yr5 Yr10 Year Returns (%) ($/unit)YTD20172016201520142013201220112 01020092008 Total of $10,000$10,000 $12,000 $14,000 $16,000 $18,000 $20,000 $22,000 Aug-90 Dec-18 Composition (%) Fixed Quality* (%)High (AAA, AA) (A, BBB) Maturity (years) Duration (years) 10 Holdings% AssetsProvince of Ontario FRN OF PROM BANK FRN IMPERIAL BANK FLOAT TRUST II BANK OF CANADA FRN of Montreal FRN of Nova Scotia OF NFLD T/B TEACHERS FINANCE TRUST CP Breakdown (%)Corporate Income Breakdown (%)Corporate investments (Cash & Other) Portfolio HoldingsStock Holdings0 Bond Holdings2 Other Holdings70 Total Number of Underlying Holdings72*Ratings are statements of opinion and are not statements of fact or recommendations to purchase, hold or sell securities.

4 They do not address the Market value of securities or thesuitability of securities for investment purposes, and should not be relied on as investment advice. Neither Standard & Poor s nor any of its affiliates shall be liable for any direct, indirect,incidental, exemplary, compensatory, punitive, special or consequential damages, legal fees, or losses (including lost income or profits and opportunity costs or losses caused bynegligence) in connection with any credit ratings.**This is an annualized historical yield based on the seven-day period ended on December 31, 2018, and does not represent an actual one-year return.

5 ** Effective November 10, 2017, the fund pays a management fee distribution of when the value of the fund held within an account is equal to or greater than $100, Money Market fund - Series ACanadian Money MarketMANAGER BIOBill GirardManager Since August 1, 19941832 Asset Management Girard is Vice President & Portfolio Manager at 1832 Asset Management Bill is a member of the fixedincome team at 1832 Asset Management andpredecessor companies where he is responsible for creditrisk across all managed client portfolios.

6 Bill has both aBachelor of Science and a Bachelor of Commerce degreefrom the University of Windsor, as well as an MBA fromthe University of Miami, graduating Beta Gamma also holds the Chartered Financial Analyst designationand is a past director of the Toronto CFA Asset Management 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 available throughScotia Securities Inc.

7 And from other dealers and advisors, including ScotiaMcLeod and Scotia iTRADE which are divisions of Scotia Capital Inc. Scotia Securities Inc. and Scotia Capital 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 of prices are provided for information purposes only. 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.

8 Please contact your financial advisor for more contents of this document should not be considered an offer to sell to, or a solicitation to buy mutual fund units from, any person in a jurisdiction where such offer or solicitation isconsidered MUTUAL fund INFORMATIONC ommissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the fund s simplifiedprospectus before investing. The performance data provided assumes reinvestment of distributions only and does not take into account sales,redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns.

9 Mutual funds are notcovered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurances that the fund will be able tomaintain its net asset value per unit at a constant amount or that the full amount of your investment in the fund will be returned to you. Pastperformance may not be 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. For further details, please refer to the Simplified Prospectus.