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 Equity Growth Fund

Investment Objective

The objective of the Sceptre Equity Growth Fund is to achieve the highest possible long-term return consistent with a fundamental investment philosophy.


Investment Strategy

The investment style is a combination of value and growth, with stock selection being the key investment approach. The Fund invests primarily in Canadian equity securities, with a concentration on small to medium capitalization stocks. The Fund is well diversified across a broad spectrum of industry groups. It focuses on investing in top quality companies when they represent good value. Companies are selected based on strong earnings growth and momentum, superior management, good profit margins and strong balance sheets.

Class O Returns for the Period ended: February 28, 2010¹

	1 Mth. %	3 Mth. %	Year to Date %	1 Yr. %	3 Yrs.2 %	5 Yrs.2 %	10 Yrs.2 %	Since Inception2 %
Sceptre Equity Growth Fund	2.6	6.7	0.1	71.8	-5.7	7.2	N/A	16.8
S&P/TSX Small Cap Index	4.5	7.9	1.4	77.1	-4.5	0.7	N/A	5.3

Class O Returns for the One Year Periods ended: February 28

	2009 %	2008 %	2007 %	2006 %	2005 %
Sceptre Equity Growth Fund	71.8	-53.9	5.8	38.9	21.6
S&P/TSX Small Cap Index	77.1	-48.6	-4.4	10.4	7.5

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.

Effective August 31st, 2009 the Fund’s Benchmark was changed from the Nesbitt Burns Small Cap Index to the S&P/TSX Small Cap Index. The S&P/TSX Small Cap Index was introduced as it better reflects the universe of securities held within the Fund’s portfolio. A blended index has been used for the 10 year reporting period as the S&P/TSX Small Cap Index has not been in existence for this entire period.