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 Large Cap Canadian Equity Fund

Investment Objective

The objective of the Sceptre Large Cap Canadian Equity Fund is to achieve long-term growth through capital gains and dividend income while also meeting the needs such as capital preservation, risk management and tax effectiveness of private clients. The selection of core holdings is tailored to meet clients’ specific needs.


Investment Strategy

The process involves fundamental analysis and quantitative tools. The 100 largest companies in the S&P/TSX Index are continuously ranked by expected returns. In valuing each company, earnings growth, the appropriate valuation metrics for each company and its industry, dividend yield, the potential for dividend growth, quality of management, financial strength, and the stage of the business cycle are all considered.

Diversification is achieved by assuring that each of Canada’s four key economic sectors – interest sensitive, resources, industrials and consumer related – are represented in the portfolio with holdings totaling 30-40 stocks.

Stocks may be sold when their expected returns become unattractive and industry-specific or company-specific factors arise resulting in increased investment risk.

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 %
Sceptre Large Cap Canadian Equity Fund	-4.1	-6.0	-3.9	6.9	-4.8	3.9	4.9	N/A
S&P/TSX Composite	-3.7	-5.5	-2.6	12.0	-3.9	5.5	3.3

Returns for the One Year Periods ended: June 30

	2010 %	2009 %	2008 %	2007 %	2006 %
Sceptre Large Cap Canadian Equity Fund	6.9	-20.6	1.5	21.6	15.3
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.