OPPORTUNISTIC FUND

We consider our investment style to be opportunistic. Our bottom-up approach is research intensive and we look for outstanding risk/reward situations. We have a mid- and small- cap bias and our investments are primarily in the Canadian equities market. The Fund has the potential to experience significant volatility as the portfolio is often largely weighted in a few names.

From a top-down perspective we do take a view. If we are bullish on the market, we will take a net long position and even increase beyond a 100% net long position by using manageable leverage. If we are unconstructive on the market, we will likely run with a net long position below 100% through a combination of cash and/or shorts. We intend on keeping the asset size relatively small in order to preserve a degree of nimbleness.

This Fund should be considered as aggressive for a typical portfolio.

DISCLAIMER