Returns as at October 31, 2009

*S&P/TSX Total Return

Growth of $10,000

Risk Measures as at October 31, 2009

Best/Worst 12 months (since inception)

Best (ending Jul 97):	94.32
Worst (ending Nov 08):	-52.41

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

Low  High

Fund Objectives

The principal investment objective of the Fund is to maximize return in a manner which is consistent with the preservation of capital by investing primarily in Canadian equity securities. The Fund invests primarily in the securities of Canadian companies with exceptional track records and excellent potential for sustained growth. Current holdings focus on Canada's leading wealth management businesses. Demographic changes in Canada are providing long-term opportunities for firms which manage, service, protect and mediate the flow of the growing savings pool.

Fund Facts

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

$250

Subsequent:

$50

Min. Invest (initial RRSP):

$250

Subsequent RRSP:

$50

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at September 30, 2009

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at November 20, 2009 1 Year Performance (%)
AGF.B-T	AGF Management	Investment Companies and Funds	Canada	Stock	13.29		106.77
IVZ-N	Invesco Ltd.	Investment Companies and Funds	Bermuda	Stock	12.25		150.0
IGM-T	IGM Financial	Investment Companies and Funds	Canada	Stock	12.15		36.05
CIX-T	CI Financial	Investment Companies and Funds	Canada	Stock	10.75		66.89
DC.A-T	Dundee Corp.	Finance and Leasing	Canada	Stock	8.13		191.92
INFY-Q	Infosys Technologies Ltd.	Computer Software & Processing	India	Stock	7.68		142.68
-	Mundra Port and Special Econ	Transportation	India	Stock	6.75		-
TD-T	TD Bank	Banks	Canada	Stock	5.22		54.46
SU-T	Suncor Energy	Integrated Oils	Canada	Stock	4.46		102.18
WFC-N	Wells Fargo & Co.	Banks	United States	Stock	3.7		23.7

Distribution Report (18 months up to November 20, 2009)

Frequency of Income Distributions: Annually

Frequency of Capital Gain Distributions: Annually

Portfolio Manager(s)

Michael Lee-Chin

Portland Investment Counsel

Start Date: December, 1985

Fund Return: 8.74%

Michael Lee-Chin graduated from McMaster University in 1974 with a Bachelor's Degree in Civil Engineering. In 1977, he received his introduction into the Financial industry working as a Financial Planner for Investor's Group. Michael Lee-Chin moved to Regal Capital Planners in 1979 and became the Regional Manager. He acquired AIC Limited in 1987 and has taken the organization in the past 11 years from $3 million to over $12 billion in assets under management.

Also manages:AIC Advantage II, AIC Advantage II Corp Class

View fund manager performance report

Robert Almeida, B.Comm., CA

Portland Investment Counsel

Start Date: July, 2004

Fund Return: -0.75%

Robert Almeida brings a strong business management perspective to the Portfolio Management Team. He is a former executive at Loblaw and CIBC. He worked in various strategic and operating capacities at Loblaw Companies Limited, most recently as Vice President, Development and Reengineering. He also worked for CIBC as Senior Vice President, where he was the first President of President's Choice Financial; Chief Officer, Strategy, Product and Marketing. Amicus Holdings USA; and the founding Chairman of Amicus Bank Canada. In addition to his CA designation, he also earned a Bachelor of Commerce degree with High Distinction from the University of Toronto.

Also manages:AIC Advantage II, AIC Advantage II Corp Class

View fund manager performance report

Christopher Lowe, BA, MBA

Portland Investment Counsel

Start Date: July, 2004

Fund Return: -0.75%

Chris Lowe joined AIC in October 2002 after 22 years in financial services, mostly with Barclays in areas of corporate, retail and investment banking, stock brokering and insurance brokerage. He was CEO of financial services businesses in Greece, Botswana and Jamaica. Chris' responsibilities centre on all Funds in AIC Advantage Group and include anticipating industry trends across global financial services; recommending potential investments or divestitures and monitoring and evaluating performance of AIC Funds' bank-based holdings. Chris has a BA degree from University of North Wales and an MBA from University of Exeter and holds their Financial Diploma.

Also manages:AIC Advantage II, AIC American Advantage, AIC American Advantage Corp Class, AIC Global Advantage, AIC Global Advantage Corporate Cl, AIC Global Wealth Management

View fund manager performance report

Greg Placidi, B.Comm. (Hon), MBA, CFA

Portland Investment Counsel

Start Date: July, 2004

Fund Return: -0.75%

Greg Placidi joined AIC in September 2001, with nearly 15 years of financial services experience as a strategist, regulator and company executive. Greg is part of the management team for all Funds in AIC Advantage Group. Greg is also AIC's insurance specialist and is responsible for industry trends in the global insurance sector, making recommendations regarding potential insurance company investments or divestitures and evaluating the performance of AIC's insurance holdings across various AIC Funds. Greg earned the Chartered Financial Analyst designation in 1989 and has an Honours Bachelor of Commerce degree from Queen's University, and an MBA from University of Toronto.

Also manages:AIC Advantage II, AIC Advantage II Corp Class, AIC American Advantage, AIC American Advantage Corp Class, AIC Global Advantage, AIC Global Advantage Corporate Cl, AIC Global Wealth Management

View fund manager performance report