Returns as at October 31, 2009

*Globe Precious Metals Peer Index

Growth of $10,000

Risk Measures as at October 31, 2009

Best/Worst 12 months (since inception)

Best (ending Nov 03):	112.16
Worst (ending Oct 08):	-57.79

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

Low  High

Fund Objectives

The investment objective of the fund is to achieve long-term growth of capital primarily through direct and indirect exposure to precious metals consisting primarily of gold and to a lesser extent silver platinum, palladium and rhodium. The manager uses a bottom-up growth all-cap approach reputed for finding successful companies early in their growth cycle. The manager likes to buy when the market does not currently recognize the earnings or production growth potential or competitive advantages of a company.

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 October 31, 2009

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at November 20, 2009 1 Year Performance (%)
G-T	Goldcorp Inc.	Precious Metals	Canada	Stock	5.12		88.45
CEF.A-T	Central Fund of Canada	Investment Companies and Funds	Canada	Stock	4.99		40.22
K-T	Kinross Gold	Precious Metals	Canada	Stock	4.66		45.96
IMG-T	Iamgold Corp.	Precious Metals	Canada	Stock	4.2		443.4
IMN-T	Inmet Mining	Integrated Mines	Canada	Stock	4.07		350.57
ELD-T	Eldorado Gold	Precious Metals	Canada	Stock	3.71		156.23
GOLD-Q	Randgold Resources	Precious Metals	Mali	Stock	3.35		211.52
SMF-T	Semafo Inc.	Precious Metals	Canada	Stock	2.72		440.23
FCX-N	Freeport McMoran	Non-Base Metal Mining	United States	Stock	2.67		380.51
EGU-T	European Goldfields Limited	Precious Metals	Canada	Stock	2.66		390.67

Portfolio Manager(s)

Bob Farquharson, CFA

AGF Funds Inc.

Start Date: November, 2000

Fund Return: 26.02%

W. Robert Farquharson is Vice Chairman and Chief Investment Officer of AGF Management Limited. He brings more than 30 years of experience to his position as head of the AGF Canadian equity management team. He has a tremendous track record of investment success through full market cycles. Bob is a graduate of the University of Toronto, and holds the Chartered Financial Analyst designation. Bob has been an active board member of the Investment Funds Institute of Canada, and recently served as its Chairman. The Toronto Stock Exchange appointed Bob as Governor in 1996.

Also manages:AGF Canadian Growth Equity, AGF Canadian Resources, AGF Canadian Small Cap, AGF Global Resources Class, Canada Life Cdn Equity (A) Gens I, IG AGF Cdn Diversified Growth-A

View fund manager performance report

Bob Lyon, CFA

AGF Funds Inc.

Start Date: May, 2008

Fund Return: -2.79%

Robert Lyon joined AGF in 2008 assuming lead management responsibilities for AGF Canadian Resources Fund, AGF Global Resources Class and AGF Precious Metals Fund. Robert has nearly 20 years of investment industry experience with close to a decade of direct lead experience managing resource-related mutual funds. Prior to his most recent role as Vice-President and Director of Proprietary Trading at TD Newcrest, Robert served as Vice-President of Portfolio Management with two major Canadian mutual fund companies. In addition to his portfolio management experience, his previous responsibilities include several years in analytical roles researching the oil and gas, base metal and precious metal sectors, and making investment recommendations appropriate for retail and institutional clients. A CFA charterholder, Robert also holds a Bachelor of Commerce degree from Carleton University.

Also manages:AGF Canadian Resources, AGF Global Resources Class

View fund manager performance report