investor-profile-survey

3. Investments with higher returns typically involve greater risk. The following scenarios show the potential average annual returns for four  different investment portfolios over a 10-year period. Keeping in mind that returns fluctuate, which investment portfolio would you be  more comfortable holding?

A. Potential average annual return of 2%,  no negative returns in 10 years. (0)

B. Potential average annual return of 3%,  3 out of 10 years with negative returns (up to -3%). (1)

C. Potential average annual return of 5%,  3 out of 10 years with negative returns (up to -5%). (4)

D. Potential average annual return of 7%,  4 out of 10 years with negative returns (up to -12%). (6)

4. From September 2008 through November 2008, North American stock markets lost over 30% of their value. Though markets recovered  from these fluctuations over the two years that followed, if this happened again and you had a $10,000 investment that was only worth  $7,000 after three months, you would:

Sell the remaining investment to avoid further fluctuations. (1)

Sell a portion of the remaining investment to protect some of your capital. (2)

Hold on to the investment without making any changes in hopes of recovering some of the losses and obtaining higher returns in  the future. (4)

Buy more of the investment to take advantage of lower prices. (6)

5. What is your primary goal for this portfolio?

You want to keep the money invested safe from short-term fluctuations or readily available for short-term needs. (1)

You want to generate a steady stream of income from your investments and are less concerned about growing the value of  your investments. (2)

You want to generate some income with some opportunity for the investments to grow in value over time. (4)

You want to generate long-term growth for your investments. (6)

6. Your expected current and future income sources are:

Stable (6)

Somewhat stable; capable of meeting all your financial obligations. (5)

Somewhat stable; occasionally difficult to meet your financial obligations. (3)

Unstable; frequently difficult to meet your financial obligations. (2)

7. Which statement best describes your investment knowledge?

You know very little about investments and financial markets. (3)

You have a moderate level of knowledge of investments and financial markets. (4)

You have sufficient investment knowledge to understand the different investment products and their related risks. (5)

You have extensive investment knowledge and follow financial markets closely. (6)

FOR INFORMATION PURPOSES ONLY. This questionnaire is for information purposes only. It is not intended to replace a complete investment suitability analysis or to be considered as investment advice. It is intended solely as a reference document to assist investors in selecting the portfolio that best suits their investment needs. This questionnaire is not intended to replace any questionnaire required at the time of the purchase of securities, and at all times, the latter takes precedence.

Meritage Portfolios® (the “Portfolios”) are managed by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Portfolios. Please read the prospectus of the Portfolios before making an investment. The Portfolios’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Portfolios are not guaranteed, their values change frequently and past performance may not be repeated.

® MERITAGE PORTFOLIOS and the Meritage Portfolios logo are registered trademarks of National Bank of Canada, used under licence by National Bank Investments Inc. All trademarks of the mutual fund and ETF companies are their property. National Bank Investments Inc. is an authorized user.