Amendment No. 1 dated November 12, 2018 to the Simplified Prospectus dated June 18, 2018

- 13 - REDUCTION IN TRAILING COMMISSION RATE 51. Effective November 1, 2018, the trailing commission rate was reduced on Series A units purchased under the front-end sales charge option of NEI Select Growth RS Portfolio, NEI Select Growth Portfolio and NEI Select Maximum Growth Portfolio from up to 1.20% to up to 1.00%. To reflect this change, the last three rows in the table " Trailing Commission Rate " on page 24 of the SP are deleted in their entirety and replaced with the following: Fund Front-End Sales Charge Option Deferred Sales Charge Option Low Load Sales Charge Option Low Load 2 and Low Load 3 Sales Charge Option NEI Select Income & Growth Portfolio NEI Select Balanced Portfolio NEI Select Growth Portfolio NEI Select Maximum Growth Portfolio up to 1.00% or 1.40% on Series B only up to 0.50% up to 1.00% up to 0.50% during first 3 years and thereafter up to 1.00% NEI Select Growth RS Portfolio up to 1.00% up to 0.50% up to 1.00% up to 0.50% during first 3 years and thereafter up to 1.00% WHAT ARE YOUR LEGAL RIGHTS? Securities legislation in some provinces and territories gives you the right to withdraw from an agreement to buy mutual funds within two business days of receiving the simplified prospectus or fund facts document, or to cancel your purchase within 48 hours of receiving confirmation of your order. Securities legislation in some provinces and territories also allows you to cancel an agreement to buy mutual fund units and get your money back, or make a claim for damages, if the simplified prospectus, fund facts, annual information form, or financial statements misrepresent any facts about the mutual fund. These rights must usually be exercised within certain time limits. For more information, refer to the securities legislation of your province or territory or consult your lawyer.

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