Returns as at April 30, 2013

*Blend: 60% MSCI World, 40% Barclays Cap

Growth of $10,000

Risk Measures as at April 30, 2013

Best/Worst 12 months (since inception)

Best (ending Feb 10):	27.80
Worst (ending Feb 09):	-35.52

Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)

Low  High

Fund Objectives

The fund's objectives is to provide superior returns with moderate risk through a combination of capital appreciation and interest income. The fund uses an asset allocation approach. It invests primarily in a mix of shares of companies in countries and industries that are expected to have superior growth, bonds and short-term money market instruments. The advisors apply a bottom-up value investment philosophy to AGF World Balanced Fund. The advisors first determine the optimum weighting (0 to 100%) of stocks, bonds and cash. Once the weighting has been determined and a high level stock screen completed, they then apply their proprietary 30/30/30 rule to equity selection: companies must have a dividend yield 30% higher than the market yield; the stock price must exhibit a 30% drop in value in the past 18 months; and a 30% discount trailing P/E relative to the market. The result is a concentrated portfolio of 40 to 50 stocks for the equity component.

Fund Facts

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

$500

Subsequent:

$25

Min. Invest (initial RRSP):

$500

Subsequent RRSP:

$25

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at March 31, 2013

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at May 21, 2013 1 Year Performance (%)
T-N	AT&T Inc.	Telephone Utilities	United States	Stock	3.72		9.18
MRK-N	Merck & Company	Biotechnology & Pharmaceuticals	United States	Stock	3.09		24.69
BAC-N	Bank of America	Banks	United States	Stock	3.03		90.69
COP-N	ConocoPhillips	Integrated Oils	United States	Stock	3.0		21.42
-	BNP Paribas SA	Banks	France	Stock	2.92		-
-	Itochu Corp.	Misc. Industrial Products	Japan	Stock	2.88		-
SNY-N	Sanofi	Biotechnology & Pharmaceuticals	France	Stock	2.64		57.65
JPM-N	JP Morgan Chase & Co.	Banks	United States	Stock	2.43		57.69
-	AXA	Insurance	France	Stock	2.37		-
-	Societe Genl Fr	Banks	France	Stock	2.09		-

Distribution Report (18 months up to May 21, 2013)

Frequency of Income Distributions: Annually

Frequency of Capital Gain Distributions: Annually

Portfolio Manager(s)

Rory Flynn, BA, MBS, CFA

AGF International Advisors Co. Ltd.

Start Date: October, 2003

Fund Return: 2.94%

Rory joined AGF in 1992. He has spent his entire investment career with AGF in Dublin, initially as an investment analyst and fund advisor, eventually being promoted to head the Dublin research department. Rory has developed into a world-class fund manager, winning awards as co-manager of the AGF European Equity Class. He has broadened his investment expertise into global financial services, as well as managing a globally competitive U.S. value fund. Prior to joining AGF, Rory was a lecturer of accounting and finance at the University of Limerick. He is a member of the Institute of Investment Management and Research and received his diploma in Technical Analysis in 2003.

Also manages:AGF European Equity Class, AGF Global Value, AGF Global Value Class, AGF International Stock Class, ONE All-Star Portfolio Note

View fund manager performance report

Tom Nakamura, CFA

AGF Investments Inc.

Start Date: April, 2009

Fund Return: 5.41%

Tom is a Portfolio Manager at AGF with 9 years of industry experience. Tom is a fixed-income generalist; but within the team, he is responsible for currency management, global high-yield corporate bonds and emerging market sovereign bonds (locally and externally-denominated). Tom has spent his entire investment career at Placements AGF Inc., which he joined in 1998 as an analyst in the Fund Analytics department. In 2000, he was given responsibility to develop procedures and analyze trading and cash management for AGF¿s dedicated institutional portfolios. In 2002, he joined the fixed-income team to provide analysis on global fixed-income markets. As an analyst, his responsibilities included credit analysis of investment-grade and high-yield bonds, both domestic and international issues, monitoring of the fixed-income portfolios and their asset allocation and contributing to currency strategy decisions. Tom earned a Bachelor of Commerce at the University of Toronto. He is a member of the Toronto CFA Society and the CFA Institute.

Also manages:AGF Canadian Bond, AGF Canadian Money Market Account, AGF Dollar Cost Averaging, AGF Emerging Markets Bond, AGF Global Aggregate Bond, AGF Global Government Bond, AGF High Yield Bond, AGF Inflation Plus Bond, AGF Monthly High Income, AGF Short Term Income Class, AGF Total Return Bond, AGF Traditional Balanced

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Jean Charbonneau, MBA

AGF Investments Inc.

Start Date: April, 2009

Fund Return: 5.41%

Jean Charbonneau is a seasoned fixed-income manager with more than 25 years of industry experience. Jean joined AGF's award-winning fixed-income team in 2006 as Senior Vice-President and Portfolio Manager. He is lead manager on AGF Global Government Bond Fund and co-manager on AGF Canadian Bond Fund. Since his arrival at AGF, Jean has been instrumental in defining a framework for bond investing that exploits duration, currency, yield curve and credit management to achieve superior results. Although Jean contributes to the general management of all the fixed-income mandates, he specializes in duration management, country mix strategy and emerging market bonds within the team. Jean has extensive experience managing international fixed-income assets for retail and institutional mandates. His experience in the international bond market includes various roles as trader, chief strategist and institutional sales. Jean has also managed retail bond funds throughout his career for a leading investment firm and managed all international fixed-income assets for La Caisse de Dépôt et Placement du Québec. Jean earned a Masters of Business Administration from the University of Sherbrooke and a Bachelor of Commerce (Finance) degree from the University of Ottawa.

Also manages:AGF Canadian Bond, AGF Emerging Markets Bond, AGF Equity Income Focus, AGF Global Aggregate Bond, AGF Global Government Bond, AGF Income Focus, AGF Inflation Focus, Harmony Global Fixed Income Pool

View fund manager performance report