Annualised return

Returns are calculated after the deduction of management fees and operating and transaction expenses (deducting all fees: management, custodial and commissions) and are presented in Canadian dollars.

Returns were calculated using the cash-weighted rate of return method. This method is a performance calculation that takes into account both the timing of deposits and withdrawals, as well as any costs charged to the specific account. In comparison, benchmark returns do not take into account management fees or operating expenses.

The data, calculation methodology and components of the composites were transferred by Mr. Raymond and Mr. Philippe Pratte from Canaccord Genuity Corp. to Pratte Asset Management Inc. when they joined the latter firm in November 2015. The returns therefore include the past performance of the accounts that were held by Canaccord Genuity Corp. and managed by Mr. Raymond and Mr. Philippe Pratte.

Past performance is no guarantee of future results.