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 Apr 06):	105.48
Worst (ending Oct 08):	-62.47

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

Low  High

Fund Objectives

The objective of the Fund is to provide long-term growth through capital appreciation by investing primarily in equity securities. This Fund seeks long-term growth through capital appreciation by investing primarily in equities and other securities of Canadian issuers engaged directly or indirectly in the exploration for, the mining, production or distribution of, precious metals such as gold, silver and platinum as well as directly in precious metals situated in Canada in the form of bullion, coins, and certificates representing such precious metals. The Fund also presently intends to invest up to 10% of its assets directly or indirectly in precious stones and other metals minerals.

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	5.6		88.45
SLW-T	Silver Wheaton	Precious Metals	Canada	Stock	4.96		393.24
GOLD-Q	Randgold Resources	Precious Metals	Other	Stock	4.83		211.52
IMG-T	Iamgold Corp.	Precious Metals	Canada	Stock	4.8		443.4
BVN-N	Compania Minas Buenaventu	Precious Metals	Peru	Stock	4.66		249.65
AEM-T	Agnico-Eagle Mines	Precious Metals	Canada	Stock	4.32		88.63
K-T	Kinross Gold	Precious Metals	Canada	Stock	4.06		45.96
YRI-T	Yamana Gold Inc.	Precious Metals	Canada	Stock	4.04		206.28
CEE-T	Centamin Egypt	Precious Metals	Australia	Stock	2.95		366.67
OSK-T	Osisko Mining	Precious Metals	Canada	Stock	2.79		417.2

Portfolio Manager(s)

Normand Lamarche

Front Street Capital

Start Date: May, 2001

Fund Return: 18.96%

Normand G. Lamarche has been engaged in the business of providing investment advisory services and portfolio management since 1987. Mr. Lamarche was a portfolio manager with Altamira Management Ltd. from August 1987 to March 1995. From February 1, 1991 to January 31, 1995, Mr. Lamarche was the manager of the Altamira Resource Fund and the Orbitex Resource Fund. From January 1, 1993 to January 31, 1995 he managed Altamira's AltaFund Investment Corp. and during that period was also responsible for the equity component of the Altamira Balanced Fund. Mr. Lamarche left Altamira in March 1995 for a one year sabbatical before establishing Tuscarora Capital Inc., one of Front Street Capital's two founding companies, with Mr. Selke in 1996. Mr. Lamarche holds a Bachelor of Arts degree in economics from Carleton University.

Also manages:CIBC Canadian Resource, CIBC Energy, Front Street Canadian Energy, Front Street Energy Gwth Fund Ser-I, Front Street Growth-B, Front Street Resource Performance, Front Street Special Opp Canadian-B

View fund manager performance report