We determine the net asset value of each fund in Canadian dollars weekly as at the close of business on each Tuesday, or, if any such Tuesday is not a business day, then on the next business day immediately succeeding it, and on the last business day of each month. The valuation date ends at the earlier of 4 p.m. Eastern Time or the end of a trading day on the Toronto Stock Exchange. Any purchase, switch, or redemption instruction received at or after the end of a valuation date will be processed on the next valuation date.

Please note that since January 31, 2018 our mutual fund prices have been published gross of management fees. Prior to January 1, 2018, with the exception of the Pembroke Corporate Bond Fund, mutual fund performance was reported net of transaction costs and all other expenses, including management fees and applicable taxes.

Performance is reported in Canadian dollars except where noted and net of transaction costs and net of all other fees, excluding management fees. Management fees are charged directly to securityholders based on their assets under management. Periods greater than one year have been annualized. Index returns do not incur management fees or operating expenses. The indicated rates of return are the historical annual compounded total returns including changes in unit value, reinvestment of all distributions and do not take into account sales charges or income taxes payable by any securityholder that would have reduced returns. The performance for the portfolio and benchmark index are measured using the “time weighted” rate of return methodology.

Effective January 1st, 2018, all fund performance is reported net of transaction costs and all other expenses, excluding management fees and applicable taxes. Prior to January 1, 2018, with the exception of the Pembroke Corporate Bond Fund, mutual fund performance was reported net of transaction costs and all other expenses, including management fees and applicable taxes.

Commissions, management fees, and expenses all may be associated with mutual fund investments. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions, and do not take into account sales charges or income taxes payable by any security holder that would have reduced returns. Such funds are not guaranteed, their values change frequently, and past performance may not be repeated. Management fees are charged directly to security holders based on their assets under management.

Pembroke Pooled Funds are prospectus-exempt products that are offered to investors who meet the definition of an “accredited investor” under securities legislation.

Please read the prospectus and/or offering documents before investing. All funds are offered for sale solely to residents of Canada.