Private Asset Management

• Private Asset Management Service
• Private Asset Management Team
• Philosophy
• Approach
• Implementation

Canadian Equity and Income Funds

• Sceptre Money Market Fund
• Sceptre Bond Fund
• Sceptre High Income Fund
• Sceptre Income & Growth Fund
• Sceptre Canadian Equity Fund
• Sceptre Large Cap Canadian Equity Fund
• Sceptre Equity Growth Fund

• Foreign Equity Funds
• Private Client Fund Performance
• Market & Fund Commentaries

Sceptre Canadian Equity Fund

Investment Objective

The objective of the Sceptre Canadian Equity Fund is to achieve the highest possible long-term return that is consistent with a conservative investment philosophy encompassing a diversified portfolio approach.


Investment Strategy

The investment style is a blend of value with growth, incorporating both a bottom-up (75%) and a top-down (25%) process. The Fund is a diversified portfolio of large, medium and small capitalization stocks, with an emphasis and focus on large to medium companies.

High quality companies are selected if they represent good value based on financial strength, earnings growth, strong management and superior products/services. Analysis of company finances and operations is often the most critical element of security selection.

The Fund does not have a bias towards any particular sector. Stock selection is broadly diversified amongst four broad market categories – Interest Sensitive, Consumer Related, Resource and Industrial.

The Fund may take advantage of returns offered by international equity securities from foreign issuers. Exposure to foreign markets may be obtained through direct holdings or through investing in units of other Funds, up to a maximum of 10% of this Fund’s net assets in the units of another fund.

Class O Returns for the Period ended: June 30, 2010¹

	1 Mth. %	3 Mth. %	Year to Date %	1 Yr. %	3 Yrs.2 %	5 Yrs.2 %	10 Yrs.2 %	Since Inception2 %
Sceptre Canadian Equity Fund	-4.4	-6.5	-3.7	8.6	-5.8	7.0	N/A	7.3
S&P/TSX Composite	-3.7	-5.5	-2.6	12.0	-3.9	5.5	N/A	6.8

Class O Returns for the One Year Periods ended: June 30

	2010 %	2009 %	2008 %	2007 %	2006 %
Sceptre Canadian Equity Fund	8.6	-28.0	7.1	29.0	29.8
S&P/TSX Composite	12.0	-25.7	6.8	22.7	19.6

¹ The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the mutual funds or returns on the investment in the mutual funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.

² Sceptre Private Asset Management Fund Units are available for institutional and high net worth investors including other funds. Only investors who meet our discretionary account requirements and minimum investment levels will be eligible to purchase these Units.