Inflation Can Be Costly

Dynamic Funds^® is a registered trademark of its owner, used under license, and a division of 1832 Asset Management L.P. For illustrative purposes only. The starting amount is the cost of a basket of goods and services that can be purchased today using an equivalent investment amount in current dollar terms. The future potential investment value assumes a 5% rate of return for a balanced approach and a 1.25% rate of return for a cash approach. The projected cost of a basket of goods and services assumes an inflation rate of 2%. The ahead or behind inflation amount is determined by subtracting the projected cost of a basket of goods and services from the future potential investment value. All returns and the inflation rate are compounded annually and do not include transaction costs, fees or taxes. The illustration does not reflect the actual results, future returns or future value of a mutual fund or any other investment. The information provided is not intended to be investment advice. Investors should consult their own professional advisor for specific investment advice tailored to their needs when planning to implement an investment and/or tax strategy to ensure that individual circumstances are considered properly and action is taken based on the latest available information.