Amendment No. 2 dated October 29, 2018 to the Simplified Prospectus dated April 25, 2018

NEI FUNDS EQUITY FUNDS MANAGED PORTFOLIOS North American Equity Funds NEI Jantzi Social Index® Fund (Series A, F, I, O, P and PF units ) (formerly Meritas Jantzi Social Index® Fund) NEI U.S. Equity Fund (Series A, F, I, O, P and PF units) (formerly OceanRock U.S. Equity Fund) Global & International Equity Funds NEI International Equity Fund (Series A, F, I, O, P and PF units) (formerly Meritas International Equity Fund) NEI Select Income Portfolio (Series A, F, I, O, P and PF units) (formerly OceanRock Income Portfolio) NEI Select Growth & Income RS Portfolio (Series A, F, I, O, P and PF units) (formerly Meritas Growth & Income Portfolio) NEI Select Growth & Income Portfolio (Series A, F, I, O, P and PF units) (formerly OceanRock Growth & Income Portfolio) NEI Select Maximum Growth RS Portfolio (Series A, F, I, O, P and PF units) (formerly Meritas Maximum Growth Portfolio) Additional information about the Funds is available in the Funds’ annual information form, Fund Facts, management reports of fund performance and financial statements. These documents are incorporated by reference into this prospectus, which means that they legally form part of this document just as if they were printed as part of this document. You can get a copy of these documents, at your request, and at no cost by calling 1-888-809-3333 or by asking your Mutual Funds Investment Dealer or representative at your dealer or by e-mail at NEIclientservices@NEIinvestments.com. These documents and other information about the Funds, such as information circulars and material contracts, are also available on our site at www.NEIinvestments.com or at www.sedar.com . Northwest & Ethical Investments L.P. 151 Yonge Street, 12th Floor Toronto, Ontario M5C 2W7 Tel: 416-594-6633 Fax: 416-594-3370 Toll Free Tel: 1-888-809-3333 Toll Free Fax: 1-888-809-4444

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