The Excel High Income Fund provides access to the large and rapidly growing universe of emerging market bonds which have higher yields than developed market bonds. These primarily investment grade bonds have a low correlation to other fixed income instruments and provide the opportunity to diversify your fixed income portfolio.

The Excel High Income Fund Mandate:

80% sovereign debt – primarily investment grade

Exposure up to 45 to 50 countries, at any one time

Diversified exposure to 100 securities

Blend of hard currency (USD/EUR denominated) and local currency bonds

Gross portfolio yield of 6.8% as at May 31, 2015

5.7% fully paid annual distribution, payable monthly as at May 31, 2015

Active management focused on: country selection; security selection; and a currency management overlay

Fund is rated low to medium risk

World Class Manager: Amundi S.A.

Headquartered in Paris, France, Amundi S.A. is the largest asset manager in Europe with over USD$1 Trillion in AUM.

Amundi S.A. is a fixed income specialist with approximately USD$520 billion in AUM*.

440 Portfolio Managers

125 Research Analysts

Strong Risk Management discipline

Over 100 million retail clients

Excel Funds Management Inc. is pleased to announce that Excel India Growth & Income Fund. The Fund’s investment objectives are to provide holders of Units with: (i) the opportunity for capital appreciation; and (ii) monthly cash distributions. Excel Investment Counsel Inc. will act as the portfolio manager of the Fund. Aditya Birla Sun Life Asset Management Company Pte Ltd., an affiliate of Birla Sun Life Asset Management Company Limited will act as sub‐adviser in connection with the selection, purchase and sale of portfolio securities and other assets of the portfolio. The Birla Sun Life Group is one of India’s leading independent asset managers and, as at February 28, 2015, had over US$19 billion of assets under management.