Rates of return

Multi-Management Funds

Name of fund	Fund No.	Unit Value as at May 16, 2012	Gross Annualized Rates of Return as at April 30, 2012 %
			1* month	3* months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Multi-Management 20/80 Fund	0400	16.28790	-0.12	0.17	5.25	6.16	7.09	4.35	4.07	n/a
Multi-Management 35/65 Fund	0401	16.68510	-0.40	0.53	4.19	6.35	8.33	3.41	3.01	n/a
Multi-Management 50/50 Fund	0402	16.50600	-0.61	0.88	2.20	6.12	9.93	2.85	2.33	n/a
Multi-Management 65/35 Fund	0403	16.97530	-0.83	1.26	-1.06	5.17	10.75	2.37	1.90	n/a
Multi-Management 80/20 Fund	0404	17.13480	-1.00	1.35	-2.89	4.88	11.67	1.45	0.88	n/a
Multi-Management 100 Fund	0405	17.24670	-1.11	2.18	-5.83	3.75	12.80	0.31	-0.29	n/a
DFS BlackRock® CDN LifePath® Retirement Index Fund I (9)(10)	0300	10.42290	-0.46	0.45	4.56	7.57	10.16	4.04	3.51	n/a
DFS BlackRock® CDN LifePath® 2015 Index Fund(9)(10) (9)(10)	0301	10.20420	-0.57	0.71	2.89	7.14	10.82	2.70	n/a	n/a
DFS BlackRock® CDN LifePath® 2020 Index Fund (9)(10)	0302	10.17520	-0.70	0.85	3.07	7.86	12.05	2.33	1.68	n/a
DFS BlackRock® CDN LifePath® 2025 Index Fund (9)(10)	0303	10.03740	-0.76	1.24	2.30	7.66	12.15	1.66	n/a	n/a
DFS BlackRock® CDN LifePath® 2030 Index Fund (9)(10)	0304	9.76740	-0.90	1.41	0.35	6.77	11.90	0.77	0.31	n/a
DFS BlackRock® CDN LifePath® 2035 Index Fund (9)(10)	0305	9.55290	-1.03	1.66	-1.29	6.06	11.76	0.12	n/a	n/a
DFS BlackRock® CDN LifePath® 2040 Index Fund (9)(10)	0306	9.35650	-1.12	1.65	-2.80	5.36	11.61	-0.45	-0.77	n/a
DFS BlackRock® CDN LifePath® 2045 Index Fund (9)(10)	0307	9.22020	-1.20	1.75	-3.71	4.88	11.46	n/a	n/a	n/a

Foresight Portfolios^TM

Name of fund	Fund No.	Unit Value as at May 16, 2012	Gross Annualized Rates of Return as at April 30, 2012 %
			1* month	3* months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Foresight 30/70 Portfolio (8)	0450	11.80760	-0.59	0.76	5.78	6.40	n/a	n/a	n/a	n/a
Foresight 40/60 Portfolio (8)	0451	11.80750	-0.76	1.14	5.11	6.20	n/a	n/a	n/a	n/a
Foresight 50/50 Portfolio (8)	0452	11.53480	-0.79	1.02	2.42	5.02	n/a	n/a	n/a	n/a
Foresight 60/40 Portfolio (8)	0453	11.58220	-0.97	1.38	1.65	4.98	n/a	n/a	n/a	n/a
Foresight 75/25 Portfolio (8)	0454	11.59940	-1.29	1.93	0.69	4.67	n/a	n/a	n/a	n/a
Foresight 85/15 Portfolio (8)	0455	11.56610	-1.45	2.24	-0.17	4.34	n/a	n/a	n/a	n/a

Balanced Funds

Name of fund	Fund No.	Unit Value as at May 16, 2012	Gross Annualized Rates of Return as at April 30, 2012 %
			1* month	3* months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Beutel Goodman Balanced	0282	10.88400	-1.01	2.15	2.41	6.66	10.27	4.21	3.43	6.33
Fidelity Canadian Balanced	0250	20.76150	0.37	1.55	0.82	7.75	12.53	5.26	5.78	8.69
Trimark Income Growth	0229	23.64290	0.06	2.92	-0.85	4.25	9.50	3.17	0.56	5.49
Jarislowsky Fraser Balanced	0210	15.99910	-0.48	2.43	2.74	5.97	9.27	3.35	2.43	5.26
Fiera Sceptre Balanced Diversified (1)	0204	276.78380	0.18	1.64	0.38	4.50	8.41	3.73	3.50	6.04
Greystone Balanced	0299	10.53940	-0.55	1.41	-2.37	4.36	8.73	1.30	1.45	5.44
McLean Budden Balanced Growth	0217	39.27060	-1.00	0.77	-4.57	2.48	6.93	1.02	1.07	4.72

Fixed Income

Name of fund	Fund No.	Unit Value as at May 16, 2012	Gross Annualized Rates of Return as at April 30, 2012 %
			1* month	3* months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Fiera Sceptre Money Market (1)	0213	61.83640	0.12	0.32	1.27	1.16	1.02	1.47	2.09	2.62
Desjardins Short-Term Income	0288	10.63470	-0.09	-0.08	3.71	n/a	n/a	n/a	n/a	n/a
Mortgage (DGAM) (2)	0203	358.93340	0.14	-0.27	5.79	6.40	5.56	5.19	5.30	5.62
DFS BlackRock® Universe Bond Index (9)	0248	16.94610	0.13	-0.57	9.02	7.58	6.80	6.35	6.08	6.30
Ethical Income	0275	12.38970	0.16	-0.32	9.31	7.81	7.15	6.64	6.30	6.59
Beutel Goodman Income	0279	11.86030	-0.08	-0.39	7.65	6.90	7.33	7.11	7.00	7.02
Fiera Sceptre Bond (1)	0201	585.07190	0.21	-0.26	10.18	8.20	7.32	6.82	6.57	6.48
Desjardins Canadian Bond	0289	11.59210	0.11	-0.54	9.56	n/a	n/a	n/a	n/a	n/a
McLean Budden Fixed Income	0223	25.75230	-0.05	-0.23	8.76	7.46	6.98	6.73	6.23	6.40
Desjardins Enhanced Bond	0290	11.75410	0.35	-0.11	8.78	n/a	n/a	n/a	n/a	n/a
Addenda Canadian Bond	0257	14.62190	0.20	0.07	6.55	6.05	6.78	5.89	5.90	6.47
Fiera Sceptre Tactical Fixed Income	0205	10.90440	0.31	-0.17	9.70	8.84	9.67	8.05	7.68	n/a
DFS BlackRock® Long Bond Index (9)	0273	14.94390	0.28	-1.27	17.82	13.28	11.67	9.15	7.88	n/a
Fiera Sceptre Long Term Bond (1)	0249	21.14500	0.41	-0.78	18.39	14.04	12.33	10.16	8.59	n/a

Canadian Equity

Name of fund	Fund No.	Unit Value as at May 16, 2012	Gross Annualized Rates of Return as at April 30, 2012 %
			1* month	3* months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Fiera Sceptre Canadian Equity Value	0258	15.08080	0.49	0.64	-7.47	3.14	12.62	1.09	1.24	n/a
Beutel Goodman Canadian Equity	0280	12.08180	-0.67	3.07	-3.05	6.13	13.74	3.43	3.09	8.21
Desjardins Canadian Equity Value	0291	10.28970	-1.13	0.73	-10.40	n/a	n/a	n/a	n/a	n/a
Fidelity True North® (6)	0231	17.97410	0.42	1.84	-5.04	4.37	12.53	0.06	2.15	8.60
Jarislowsky Fraser Canadian Equity	0252	22.48360	0.29	2.76	-5.75	2.79	10.34	0.78	1.42	8.30
Ethical Canadian Equity	0276	14.74250	-0.19	4.25	-0.51	6.92	14.22	2.34	1.91	n/a
DFS BlackRock® Canadian Equity Index (9)	0253	21.27270	-0.59	-0.65	-9.47	2.97	12.48	-0.11	1.22	7.45
McLean Budden Canadian Equity	0245	19.49370	0.05	1.27	-13.12	1.82	10.04	-0.28	0.20	6.77
DFS BlackRock® Active Canadian Equity (9)	0254	23.48530	-0.53	-0.10	-7.21	3.34	13.20	1.42	2.45	9.08
Fiera Sceptre Canadian Equity Core Fund	0206	8.59220	-1.01	-0.64	-10.07	2.68	11.08	-0.86	0.81	8.65
GE Canadian Equity (7)	0237	22.45500	-1.13	0.10	-12.55	1.63	11.26	1.52	3.23	n/a
Fiera Sceptre Canadian Equity Growth (1)	0202	601.25940	-0.55	0.56	-14.03	-0.35	10.87	-0.53	-1.02	5.78
Desjardins Canadian Equity Growth	0292	9.99800	-0.70	0.10	-9.96	n/a	n/a	n/a	n/a	n/a
Greystone Canadian Equity	0283	9.20650	-0.71	-0.35	-14.15	-0.44	10.19	-3.63	-1.95	6.48
McLean Budden Canadian Equity Growth	0225	26.08400	-0.18	0.05	-18.95	-2.51	7.12	-4.00	-1.79	6.12
Bissett Small Cap	0239	36.04430	-0.62	7.70	-4.64	9.51	25.36	5.42	2.24	9.63
Montrusco Bolton Canadian Small Cap Equity	0272	13.02210	-1.08	-0.31	-8.02	8.54	27.55	8.11	6.85	13.58
Fiera Sceptre Canadian Small cap	0208	8.62000	-3.13	-5.11	-10.06	7.64	23.31	2.68	1.17	14.57

Foreign Equity

Name of fund	Fund No.	Unit Value as at May 16, 2012	Gross Annualized Rates of Return as at April 30, 2012 %
			1* month	3* months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Fiera Sceptre U.S. Equity Index Hedged (1)	0221	19.93660	-0.72	7.00	3.71	9.74	17.88	0.25	-1.23	3.35
DFS BlackRock® U.S. Equity Index (9)	0274	13.88670	-1.79	5.40	8.76	9.33	12.35	1.88	-1.37	-0.25
Desjardins Americain Equity Value	0293	11.39230	-2.03	3.71	4.72	n/a	n/a	n/a	n/a	n/a
GE U.S. Core Value Equity	0281	11.63360	-1.86	4.63	5.87	7.93	9.60	2.04	-0.37	0.38
UBS American Equity	0259	10.01430	-3.17	3.37	5.26	6.26	10.45	0.61	-3.28	-0.23
McLean Budden American Equity	0246	11.99120	-2.05	4.48	5.04	5.53	8.61	-0.49	-2.08	0.52
Desjardins American Equity Growth	0294	11.71780	-1.75	6.77	1.98	n/a	n/a	n/a	n/a	n/a
DFS TOBAM Anti-Benchmark World Equity	0209	10.02330	-0.65	1.66	-1.98	n/a	n/a	n/a	n/a	n/a
Trimark Fund	0233	21.16530	-1.73	4.48	9.36	9.23	11.86	-0.76	-3.46	2.25
Hexavest Global Equities	0278	13.07090	-1.70	1.78	2.12	3.16	7.68	2.87	0.32	n/a
Sprucegrove Global Equity	0286	10.30560	-1.38	3.43	0.32	3.84	9.61	-0.69	-3.98	1.54
Bernstein Global Equity Value	0266	5.12770	-4.62	-1.70	-11.19	-1.87	3.57	-8.75	-10.66	-1.87
Fiera Sceptre Global Equity	0207	10.28440	-0.88	5.47	8.82	13.08	n/a	n/a	n/a	n/a
MFS Global Equity	0284	11.00500	-1.92	6.06	3.65	8.11	11.81	n/a	n/a	n/a
Ethical Global Equity	0277	12.61770	-3.13	4.26	-3.27	2.21	7.49	-0.28	-2.45	n/a
McLean Budden Global Equity	0227	15.29540	-2.12	2.79	-1.66	2.76	6.67	-2.13	-3.59	0.26
DFS BlackRock® MSCI All Country World Index (9)	0244	9.53640	-2.43	3.02	-1.68	4.42	8.64	-2.08	n/a	n/a
Sprucegrove International Equity	0287	10.14620	-1.11	4.11	-2.72	3.99	9.91	-1.41	-3.62	3.39
Desjardins Overseas Equity Value	0295	11.19210	-1.35	3.22	-0.54	n/a	n/a	n/a	n/a	n/a
Pyramis Select International Equity	0285	9.56310	-2.40	3.20	-7.06	2.69	5.91	-6.03	-6.18	n/a
Templeton International Stock	0247	12.87880	-3.56	-0.05	-10.17	0.66	6.82	-4.41	-5.02	2.57
DFS BlackRock® MSCI EAFE Equity Index (9)	0260	10.07280	-3.02	1.75	-8.98	0.88	5.19	-5.74	-6.70	0.56
GE International Equity (3)	0261	10.39910	-2.04	2.57	-9.65	0.08	3.31	-7.89	-6.16	0.72
Baillie Gifford International Equities (4)	0262	11.11570	-1.62	3.36	-4.01	5.84	11.42	-1.27	-2.46	n/a
Desjardins Overseas Equity Growth	0296	11.02820	-1.69	3.29	-4.53	n/a	n/a	n/a	n/a	n/a
Desjardins Global Small Cap Equity	0297	11.49610	-1.51	4.83	-1.23	n/a	n/a	n/a	n/a	n/a

Specialty Funds

Name of fund	Fund No.	Unit Value as at May 16, 2012	Gross Annualized Rates of Return as at April 30, 2012 %
			1* month	3* months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Global Real Estate	0267	7.09620	1.40	5.04	3.78	8.72	15.15	-2.73	-6.27	n/a
DGAM Emerging Markets	0268	10.20750	-2.11	0.86	-4.35	4.83	15.33	0.76	3.79	12.17
DGAM Alternative Investments (5)	0269	9.77530	-0.44	-0.50	-5.36	-0.99	2.15	1.05	0.71	n/a
Desjardins Completion Investments	0298	11.82190	0.43	2.27	6.11	n/a	n/a	n/a	n/a	n/a

FÉRIQUE Funds

Name of fund	Fund No.	Unit Value as at May 16, 2012	Gross Annualized Rates of Return as at April 30, 2012 %
			1* month	3* months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
FÉRIQUE Equity	0263	13.97440	-0.13	0.72	-9.20	3.04	13.02	1.96	1.99	7.67
FÉRIQUE World	0264	9.46010	-2.60	3.11	-0.82	3.71	7.23	-1.74	-3.56	0.91
FÉRIQUE Balanced	0265	12.38530	-0.53	1.35	0.61	5.16	9.53	2.25	1.63	4.77

Returns in blue are simulated returns that include historical returns for the underlying funds.

(1) Fiera Capital has managed this fund since September 2003.

(2) Desjardins Global Asset Management.

(3) Underlying mutual fund performance net of fees available in the table below.

Name of fund	Annualized Rates of Return as at April 30, 2012 %
	1 month	3 months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
GE Institutional International Equity	-2.18	2.62	-10.09	-0.47	2.94	-8.33	-6.55	0.50

(4) Baillie Gifford has managed this fund since December 2007.

(5) Simulated returns are in US dollars.

(6) Fidelity Investments has managed this fund since August 29, 2008. Between February 1997 and August 2008, the fund was managed by AIM Trimark.

(7) GE Asset Management (GEAM) has managed this fund since August 29, 2008. Between May 1999 and August 2008, the fund was managed by Bissett Investment Management.

Name of fund	Annualized Rates of Return as at April 30, 2012 %
	1 month	3 months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Fidelity True North Fund®	0.42	1.84	-5.04	4.37	12.53	0.23	-2.68	3.80
GE Canadian Equity	-1.13	0.10	-12.55	1.63	11.26	0.84	0.26	6.15

Name of Portfolio	Annualized Rates of Return as at April 30, 2012 %
Simulated returns	1 month	3 months	1 yr.	2 yrs.	3 yrs.	4 yrs.	5 yrs.	10 yrs.
Diapason Secure Market	-0.18	1.00	5.96	n/a	n/a	n/a	n/a	n/a
Diapason Balanced Income	-0.38	1.87	4.75	n/a	n/a	n/a	n/a	n/a
Diapason Balanced Growth	-0.36	2.61	5.60	n/a	n/a	n/a	n/a	n/a
Diapason Growth	-0.51	2.61	3.48	n/a	n/a	n/a	n/a	n/a
Diapason High Growth	-0,77	3.45	1.52	n/a	n/a	n/a	n/a	n/a
Diapason Maximum Growth	-0.90	3.96	0.17	n/a	n/a	n/a	n/a	n/a

(8) Portfolio available only through a Foresight™ service agreement.

(9) BlackRock^® is a registered trademark of BlackRock, Inc. Used under license.

(10) LifePath^® is a registered trademark of BlackRock Institutional Trust Company, N.A. Used with permission.

Past performance is in no way a guarantee or indication of future returns.

FÉRIQUE funds are available exclusively to the employees of a corporation with a FÉRIQUE group retirement program offered through Desjardins Financial Security, as well as their spouses.

Fidelity True North Fund^® is a registered trademark of FMR Corp.

Some funds may not be offered under your plan.