Important information about the fund is contained in its simplified prospectus. Read the prospectus carefully before investing. You can obtain one from your Financial advisor or Excel Funds Management Inc. (Canadian addresses only). The prospectus for Excel Funds does not constitute an offer or solicitation by anyone in any jurisdiction in which such offer of solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. Past performance is no assurance or indicator of future returns. The indicated rates of return in this communication are historical annual compound total returns; they include changes in net asset value and reinvestment of all distributions, but do not take into account any sales, redemption, or other charges payable by an investor, which would reduce returns. Fund unit values and investment returns will fluctuate. The information in this publication is subject to change without notice and Excel Funds will not be held liable for inaccuracies in the information.