Scotia U.S. Index Fund Series A

1 SCOTIAFUNDSAs of April 30, 2018 Scotia Index Fund - Series EquityInvestment ObjectiveThe fund's objective is long-term capital growth bytracking the performance of a generally recognized Index , currently the Standard & Poor's 500 (S&P500) Index . It invests primarily in the stocks that areincluded in the for InvestingnOffers fully invested exposure to the investors to gain exposure to the equitymarkets and to track the performance of a broad-based efficient investment to gain broad equitymarket Rating LOWMEDIUMHIGHTime Horizon LongFUND ESSENTIALSI nception DateOctober 28, Assets $ Initial Inv.($)1, Additional Inv.($) % (as of 12/31/2017) $ 500 Composite Index (TR - C$)..SeriesLoad StructureCurrencyFundCodeANo LoadCADBNS382 DNo LoadCADBNS182 FNo LoadCADBNS582 Portfolio Manager(s)Emiliano RabinovichEmiliano RabinovichEmiliano RabinovichEmiliano Rabinovich State Street Global Advisors, Asset Management & PORTFOLIO ANALYSISC ompound returns (%)1 Mth3 Mth6 Mth1 Yr2 Yr3 Yr5 Yr10 Year Returns (%) ($/unit)YTD20172016201520142013201220112 01020092008 Total of $10,000$5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Oct-97 Apr-18 Composition (%) International Cap (%)Mega (>$63B) ($10B - $63B) ($ - $10B) ($420M - $ ) (<$420M) 10 Holdings% AssetsApple Chase & Hathaway Inc.

2 -Cl & Mobil Inc. - Class C Common Inc. - Class A Common 5 Sector Allocation (%)Information Allocation (%)United States of Portfolio HoldingsStock Holdings507 Bond Holdings0 Other Holdings1 Total Number of Underlying Holdings508 SCOTIAFUNDSS cotia Index Fund - Series EquityMANAGER BIOE miliano RabinovichManager Since February 1, 2010 State Street Global Advisors, is a Principal of State Street Global Advisors and aPortfolio Manager for State Street Global Advisors Ltd.(Canada). He is involved in the passive management ofinternational and North American Index funds in the GlobalStructured Products Group. He joined the company in2006. Emiliano holds a BA in Economics from theUniversity of Buenos Aires and a Master of Arts inEconomics from the University of CEMA. He has alsoearned the CFA Designation and is a member of theMontreal CFA Society. 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 .

3 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. 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.

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