Simplified Prospectus June 28, 2022 - IG Wealth Management

Final Simplified Prospectus

June 29, 2023

Mutual Fund Units* of the IG Wealth Management Unit Trust Funds

Income Funds

IG Mackenzie Canadian Corporate Bond Fund

IG Mackenzie Canadian Money Market Fund (i)

IG Mackenzie Floating Rate Income Fund

IG Mackenzie Global Bond Fund

IG Mackenzie High Yield Fixed Income Fund

IG Mackenzie Income Fund

IG Mackenzie Mortgage and Short Term

Income Fund

IG Mackenzie U.S. Money Market Fund (ii)

IG PIMCO Global Bond Fund (vii)

IG Putnam U.S. High Yield Income Fund

IG Cornerstone Portfolio (iv)

Balanced Funds

IG Beutel Goodman Canadian Balanced Fund (v)

IG Mackenzie Dividend Fund (v)

IG Mackenzie Global Dividend Fund (v)

IG Mackenzie Mutual of Canada (v)

IG Mackenzie Strategic Income Fund (v)

IG Mackenzie U.S. Dividend Registered Fund

Canadian Equity Funds

IG Beutel Goodman Canadian Equity Fund

IG Beutel Goodman Canadian Small Cap Fund (vi)

IG FI Canadian Equity Fund

IG Franklin Bissett Canadian Equity Fund

IG Mackenzie Betterworld SRI Fund

IG Mackenzie Canadian Dividend & Income

Equity Fund

IG Mackenzie Canadian Equity Fund

IG Mackenzie Canadian Small/Mid Cap Fund

IG Mackenzie Canadian Small/Mid Cap Fund II

U.S. Equity Funds

IG Mackenzie U.S. Equity Fund

IG Mackenzie U.S. Opportunities Fund

IG Putnam U.S. Growth Fund

IG T. Rowe Price U.S. Large Cap Equity Fund

Global and International Equity Funds

IG BlackRock International Equity Fund (vii)

IG JPMorgan Emerging Markets Fund

IG Mackenzie European Equity Fund

IG Mackenzie European Mid-Cap Equity Fund

IG Mackenzie Global Fund

IG Mackenzie Global Fund II

IG Mackenzie International Small Cap Fund

IG Mackenzie Ivy European Fund

IG Mackenzie North American Equity Fund

IG Mackenzie Pacific International Fund

IG Mackenzie Pan Asian Equity Fund

Global Sector Funds

IG Mackenzie Global Financial Services Fund

IG Mackenzie Global Natural Resources Fund

IG Mackenzie Global Science & Technology Fund

IG Core Portfolios

IG Core Portfolio ¨C Balanced (iii)

IG Core Portfolio ¨C Balanced Growth (iii)

IG Core Portfolio ¨C Global Income

IG Core Portfolio ¨C Growth (iii)

IG Core Portfolio ¨C Income

IG Core Portfolio ¨C Income Balanced (iii)

IG Core Portfolio ¨C Income Focus (iii)

IG Core Portfolio ¨C Income Plus

IG Managed Payout Portfolios

IG Managed Payout Portfolio (iii)

IG Managed Payout Portfolio with Enhanced

Growth (iii)

IG Managed Payout Portfolio with Growth (iii)

IG Managed Growth Portfolios

IG Managed Growth Portfolio ¨C Canadian

Focused Equity

IG Managed Growth Portfolio ¨C Canadian Neutral

Balanced

IG Managed Growth Portfolio ¨C Global Equity

IG Managed Growth Portfolio ¨C Global Equity

Balanced

IG Managed Growth Portfolio ¨C Global Neutral

Balanced (viii)

IG Managed Risk Portfolios

IG Managed Risk Portfolio ¨C Balanced (v)

IG Managed Risk Portfolio ¨C Growth Focus (v)

IG Managed Risk Portfolio ¨C Income Balanced (v)

IG Managed Risk Portfolio ¨C Income Focus (v)

IG Climate Action Portfolios

IG Climate Action Portfolio ¨C Global Equity (ix)

IG Climate Action Portfolio ¨C Global Equity

Balanced (ix)

IG Climate Action Portfolio ¨C Global Fixed Income

Balanced (ix)

IG Climate Action Portfolio ¨C Global Neutral

Balanced (ix)

IG Target Education Portfolios

IG Target Education 2030 Portfolio (viii)

IG Target Education 2035 Portfolio(viii)

IG Target Education 2040 Portfolio (viii)

IG Graduation Portfolio (viii)

IG U.S. Dollar Funds

IG Mackenzie U.S. Dollar Fund ¨C Global Equity (viii)

IG Mackenzie U.S. Dollar Fund ¨C Global Equity

Balanced (viii)

IG Mackenzie U.S. Dollar Fund ¨C Global Fixed

Income Balanced (viii)

IG Mackenzie U.S. Dollar Fund ¨C Global Neutral

Balanced (viii)

IG U.S. Taxpayer Portfolios

IG U.S. Taxpayer Portfolio ¨C Global Equity (viii)

IG U.S. Taxpayer Portfolio ¨C Global Equity

Balanced (viii)

IG U.S. Taxpayer Portfolio ¨C Global Fixed Income

Balanced (viii)

IG U.S. Taxpayer Portfolio ¨C Global Neutral

Balanced (viii)

* The Funds offer retail Series A, B, C, F, JDSC and JNL Units other than as indicated below:

(i)

IG Mackenzie Canadian Money Market Fund offers only Premium Series, Classic Series and RDSP Series Units with both NL and DSC purchase options, and Series I;

(ii) IG Mackenzie U.S. Money Market Fund offers only Mutual Fund Units with both NL and DSC purchase options;

(iii) In addition, IG Core Portfolio ¨C Income Focus, IG Core Portfolio ¨C Income Balanced, IG Core Portfolio ¨C Balanced, IG Core Portfolio ¨C Balanced Growth, IG Core Portfolio ¨C Growth, IG

Managed Payout Portfolio, IG Managed Payout Portfolio with Growth, and IG Managed Payout Portfolio with Enhanced Growth also offer A-RDSP, B-RDSP, JDSC-RDSP Units, JNLRDSP Series Units; and Series FT, TDSC, TNL, TC, TJDSC and TJNL Units;

(iv) IG Cornerstone Portfolio offers only Mutual Fund Units and Series RDSP Units, with both NL and DSC purchase options; The deferred sales charge purchase option is available only

for the reinvestment of distributions. The No load purchase option is also available for existing pre-authorized contribution arrangements and switches from other series of this Fund by

current Unitholders.

(v) In addition, IG Managed Risk Portfolio ¨C Income Balanced, IG Managed Risk Portfolio ¨C Balanced, IG Managed Risk Portfolio ¨C Growth Focus, IG Managed Risk Portfolio ¨C Income

Focus, IG Mackenzie Mutual of Canada, IG Mackenzie Dividend Fund, IG Mackenzie Global Dividend Fund, IG Beutel Goodman Canadian Balanced Fund, and IG Mackenzie Strategic

Income Fund also offer Series FT, TDSC, TNL, TC, TJDSC and TJNL Units;

(vi) IG Beutel Goodman Canadian Small Cap Fund offers only Series C, F, JDSC and JNL Units and are available only for switches from other Series of this Fund;

(vii) The IG PIMCO Global Bond Fund and IG BlackRock International Equity Fund offer Series F Units. Switches into Series F from the DSC purchase option in other IG Wealth

Management Funds are allowed, but the redemption fee schedule will continue to apply to these investments.

(viii) Offers only Series F Units.

(ix) IG Climate Action Portfolio ¨C Global Equity, IG Climate Action Portfolio ¨C Global Equity Balanced, IG Climate Action Portfolio ¨C Global Fixed Income and IG Climate Action Portfolio ¨C

Global Neutral Balanced offer Series F and FT Units;

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Table of Contents

Part A: General Information about the Funds .................... 5

Designated Website .............................................................36

Introduction ............................................................................... 5

Valuation of Portfolio Securities .........................................36

Responsibility for Mutual Fund Administration ................ 6

Valuation of Securities .........................................................36

Manager ...................................................................................... 6

Valuation of Derivatives ......................................................37

Portfolio Advisor ...................................................................... 7

Valuation of Liabilities ..........................................................37

Sub-Advisor(s) .......................................................................... 8

Other Valuation Policies ......................................................38

Brokerage Arrangements ..................................................... 25

Foreign Currency ....................................................................38

Principal Distributors ........................................................... 25

Suspension of Unit Sales ....................................................38

Directors, Executive Officers and Trustee .................... 26

Estimation of Fair Value of Securities .............................38

Custodian ................................................................................. 26

Changes in Valuation Policy ..............................................38

Auditor ...................................................................................... 26

Calculation of Net Asset Value ...........................................38

Registrar................................................................................... 26

Purchases, switches and redemptions ...............................40

Securities Lending Agent ................................................... 27

Buying Units of the Funds ..................................................40

Other Service Providers ...................................................... 27

Purchase Options ...................................................................41

Independent Review Committee and Fund Governance 27

Minimum initial investment ................................................46

Independent Review Committee ..................................... 27

Switching between Retail Series and Series J .............46

Fund Governance .................................................................. 28

Short-term trading ................................................................47

Board of Directors of IGIM ................................................. 28

Selling Units of the Funds ..................................................48

Affiliated Entities................................................................... 29

Switching between IG Wealth Management Funds ..49

Policies and Procedures ........................................................ 31

Switches to and from Series C (and TC) or

investments designated as Series C ...............................50

Supervision of Derivatives Trading and Short Selling

..................................................................................................... 31

Securities Lending, Repurchase and Reverse

Repurchase Transactions ................................................... 31

Optional services ....................................................................51

Registered Plans ....................................................................51

Proxy Voting Policies and Procedures ........................... 32

Automatic regular investments by Pre-Authorized

Contributions (PACs) ............................................................51

Remuneration of Directors, Officers and Trustees ......... 34

Automatic regular redemptions ........................................52

Material Contracts ................................................................. 34

Deposit Instructions ..............................................................53

Declaration of Trust ............................................................. 34

Automatic switching .............................................................53

Master Investment Advisory and Administrative

Services Agreements ........................................................... 34

Automatic reinvestment of Distributions (all Series

except Fixed Distribution Series) ......................................53

Master Custodian Agreement........................................... 35

Distributions from Fixed Distribution Series .................54

Investment sub-advisor agreements.............................. 35

Money market chequing service .......................................54

Master Distribution Agreements ..................................... 36

Foreign exchange conversion (IG Mackenzie U.S.

Money Market Fund and IG U.S. Dollar Funds) .............55

Legal Proceedings ................................................................ 36

Penalties and Sanctions ..................................................... 36

IG Wealth Management Charitable Giving Program.55

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Fees and expenses ................................................................. 56

Carbon credits .........................................................................99

Fees and expenses ............................................................... 56

Cash and short-term debt instruments ....................... 100

Fees and expenses paid by the Funds ........................... 56

Securities Lending Transactions, Repurchase

Transactions and Reverse Repurchase Transactions

and Use of Derivatives ...................................................... 100

Fees and expenses paid by you ....................................... 67

Service Fee Refunds (Series C and TC Units only) .... 69

Dealer compensation ............................................................ 70

Payments to your IG Advisor ............................................ 70

Other incentives .................................................................... 70

Income Tax Considerations .................................................. 70

Income Tax Considerations for the Funds .................... 70

The Funds ................................................................................ 72

Taxation of the Fund if Investing in Foreign-Domiciled

Underlying Trusts ................................................................. 73

Income Tax Considerations for Investors ...................... 74

If you hold the units of the Funds outside a Registered

Plan ............................................................................................ 74

Taxes on U.S. Dollar Income ............................................. 76

Funds that invest in IG Mackenzie Real Property Fund

..................................................................................................... 76

If you hold units of the Funds inside a Registered Plan

..................................................................................................... 76

What are your legal rights? ................................................. 78

Exemptions and Approvals ............................................... 78

Certificate of the Funds, the Manager and Promoter of

the Funds ................................................................................. 82

Certificate of the Principal Distributors ............................ 84

What are the risks of investing in the Funds? ........... 100

Risk Classification Methodology.................................... 101

Description of Securities Offered by the Mutual Fund 102

Distribution Rights.............................................................. 102

Liquidation or other termination rights ........................ 104

Conversion and redemption rights ............................... 104

Voting rights and changes requiring investor approval

.................................................................................................. 104

Other changes...................................................................... 104

Name, Formation and History of the Funds ............... 105

Income Funds ....................................................................... 108

IG Mackenzie Canadian Corporate Bond Fund ......... 109

IG Mackenzie Canadian Money Market Fund ............ 111

IG Mackenzie Floating Rate Income Fund .................. 113

IG Mackenzie Global Bond Fund ................................... 115

IG Mackenzie High Yield Fixed Income Fund ............. 117

IG Mackenzie Income Fund .............................................. 119

IG Mackenzie Mortgage and Short Term Income Fund

.................................................................................................. 121

IG Mackenzie U.S. Money Market Fund ....................... 123

IG PIMCO Global Bond Fund .......................................... 125

Part B: Specific Information about each of the mutual

funds described in this document ....................................... 85

IG Putnam U.S. High Yield Income Fund ..................... 127

What is a Mutual Fund and What are the Risks of

Investing in a Mutual Fund? ................................................. 85

Balanced Funds ................................................................... 131

What is a mutual fund? ....................................................... 85

IG Beutel Goodman Canadian Balanced Fund ......... 132

What are the General Risks of Investing in a Mutual

Fund? ......................................................................................... 85

IG Mackenzie Dividend Fund ........................................... 134

Overview .................................................................................. 98

IG Mackenzie Mutual of Canada .................................... 138

Fund details ............................................................................ 98

IG Mackenzie Strategic Income Fund ........................... 140

What does the Fund invest in? ............................................ 99

IG Mackenzie U.S. Dividend Registered Fund ........... 142

Investment objective and strategies ............................... 99

Canadian Equity Funds....................................................... 144

Mutual Fund Rules ............................................................... 99

IG Beutel Goodman Canadian Equity Fund ............... 145

IG Cornerstone Portfolio .................................................. 129

IG Mackenzie Global Dividend Fund ............................ 136

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IG Beutel Goodman Canadian Small Cap Fund * .... 147

IG Core Portfolio ¨C Income Balanced ........................... 217

IG FI Canadian Equity Fund ............................................. 149

IG Core Portfolio ¨C Income Focus .................................. 220

IG Franklin Bissett Canadian Equity Fund .................. 151

IG Core Portfolio ¨C Income Plus ..................................... 223

IG Mackenzie Betterworld SRI Fund............................. 153

IG Wealth Portfolios: IG Managed Payout Portfolios 225

IG Mackenzie Canadian Dividend & Income Equity

Fund ......................................................................................... 156

IG Managed Payout Portfolio ......................................... 226

IG Mackenzie Canadian Equity Fund ............................ 158

IG Managed Payout Portfolio with Enhanced Growth

.................................................................................................. 229

IG Mackenzie Canadian Small/Mid Cap Fund ............ 160

IG Managed Payout Portfolio with Growth................ 232

IG Mackenzie Canadian Small/Mid Cap Fund II * ..... 163

IG Wealth Portfolios: IG Managed Growth Portfolios 235

U.S. Equity Funds .................................................................165

IG Managed Growth Portfolio ¨C Canadian Focused

Equity ...................................................................................... 236

IG Mackenzie U.S. Equity Fund ....................................... 166

IG Mackenzie U.S. Opportunities Fund ........................ 168

IG Putnam U.S. Growth Fund.......................................... 170

IG T. Rowe Price U.S. Large Cap Equity Fund ........... 172

Global and International Equity Funds ............................174

IG BlackRock International Equity Fund ...................... 175

IG Managed Growth Portfolio ¨C Canadian Neutral

Balanced ................................................................................ 238

IG Managed Growth Portfolio ¨C Global Equity ......... 240

IG Managed Growth Portfolio ¨C Global Equity

Balanced ................................................................................ 242

IG JPMorgan Emerging Markets Fund .......................... 177

IG Managed Growth Portfolio ¨C Global Neutral

Balanced ................................................................................ 244

IG Mackenzie European Equity Fund ............................ 179

IG Wealth Portfolios: IG Managed Risk Portfolios ..... 246

IG Mackenzie European Mid-Cap Equity Fund .......... 181

IG Managed Risk Portfolio ¨C Balanced ........................ 247

IG Mackenzie Global Fund ............................................... 183

IG Managed Risk Portfolio ¨C Growth Focus ............... 249

IG Mackenzie Global Fund II * ......................................... 185

IG Managed Risk Portfolio ¨C Income Balanced ......... 251

IG Mackenzie International Small Cap Fund .............. 187

IG Managed Risk Portfolio ¨C Income Focus ................ 253

IG Mackenzie Ivy European Fund ................................... 189

IG Wealth Portfolios: IG Climate Action Portfolios .... 255

IG Mackenzie North American Equity Fund ................ 191

IG Climate Action Portfolio ¨C Global Equity............... 256

IG Mackenzie Pacific International Fund...................... 193

IG Climate Action Portfolio ¨C Global Equity Balanced

.................................................................................................. 258

IG Mackenzie Pan Asian Equity Fund ........................... 195

Global Sector Funds ............................................................197

IG Mackenzie Global Financial Services Fund ........... 198

IG Climate Action Portfolio ¨C Global Fixed Income

Balanced ................................................................................ 261

IG Mackenzie Global Natural Resources Fund .......... 200

IG Climate Action Portfolio ¨C Global Neutral Balanced

.................................................................................................. 264

IG Mackenzie Global Science & Technology Fund ... 202

IG Target Education Portfolios ......................................... 267

IG Wealth Portfolios: IG Core Portfolios .......................204

IG Target Education 2030 Portfolio.............................. 268

IG Core Portfolio ¨C Balanced ........................................... 205

IG Target Education 2035 Portfolio.............................. 270

IG Core Portfolio ¨C Balanced Growth ........................... 208

IG Target Education 2040 Portfolio.............................. 273

IG Core Portfolio ¨C Global Income ................................. 211

IG Graduation Portfolio ..................................................... 276

IG Core Portfolio ¨C Growth .............................................. 213

IG U.S. Dollar Funds ........................................................... 278

IG Core Portfolio ¨C Income ............................................... 215

IG Mackenzie U.S. Dollar Fund ¨C Global Equity ........ 279

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