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 Oct 09):	139.84
Worst (ending Oct 08):	-66.95

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

Low  High

Fund Objectives

The investment objective of this Fund is to provide long-term capital growth. In order to achieve its investment objective, the Fund invests primarily in gold, gold certificates, precious metals and minerals, the certificates relating to such metals and minerals and/or in equity securities of companies that are directly or indirectly involved in the exploration, mining, production or distribution of gold and precious metals and minerals.

Fund Facts

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

$1,000

Subsequent:

$500

Min. Invest (initial RRSP):

$1,000

Subsequent RRSP:

$500

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at June 30, 2009

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at November 20, 2009 1 Year Performance (%)
IMG-T	Iamgold Corp.	Precious Metals	Canada	Stock	6.3		443.4
WDO-T	Wesdome Gold Mines Ltd.	-	Canada	Stock	5.1		506.98
SLW-T	Silver Wheaton	Precious Metals	Canada	Stock	4.8		393.24
OSK-T	Osisko Mining	Precious Metals	Canada	Stock	4.6		417.2
G-T	Goldcorp Inc.	Precious Metals	Canada	Stock	4.2		88.45
-	Silver Bullion & Certificates	-	Canada	Stock	4.2		-
K-T	Kinross Gold	Precious Metals	Canada	Stock	4.2		45.96
JAG-T	Jaguar Mining	Precious Metals	Canada	Stock	2.9		371.83
YRI-T	Yamana Gold Inc.	Precious Metals	Canada	Stock	2.6		206.28
CSI-T	Colossus Minerals	Precious Metals	Canada	Stock	2.4		990.0

Portfolio Manager(s)

John Embry, Chief Investment Strategist

Sprott Asset Management LP

Start Date: March, 2003

Fund Return: 11.70%

John Embry joined SAM as Chief Investment Strategist in March 2003 with focus on the Sprott Gold and Precious Minerals Fund and the Sprott Strategic Offshore Gold Fund, Ltd. He plays an instrumental role in the corporate and investment policy of the firm. Mr. Embry, an industry expert in precious metals, has researched the gold sector for over thirty years and has accumulated industry experience as a portfolio management specialist since 1963. After graduating from the University of Manitoba with a Bachelor of Commerce degree, John Embry began his investment career as a stock selection analyst and Portfolio Manager at Great West Life. He then became Vice President of Pension Investments for the entire firm. After 23 years with the company, John became partner with United Bond and Share, the investment counseling firm acquired by Royal Bank in 1987. Since then, John was Vice-President, Equities and Portfolio Manager at RBC Global Investment Management, a $33 billion organization where he oversaw $5 billion in assets, including the flagship $2.9 billion Royal Canadian Equity Fund and the $250 million Royal Precious Metals Fund, the #1 ranked fund across the country for its 2002 net performance of 153%.

View fund manager performance report

Charles Oliver, HBSc, CFA, Sr Prt Mgr

Sprott Asset Management LP

Start Date: January, 2008

Fund Return: -7.20%

Charles Oliver joined SAM in January 2008 as an Investment Strategist with focus on the Sprott Gold and Precious Minerals Fund. Prior to joining SAM, Charles was at AGF Management Limited, where he led the team that was awarded the Canadian Investment Awards Best Precious Metals Fund in 2004, 2006, 2007, and was a finalist for the best Canadian Small Cap fund in 2007. At the 2007 Canadian Lipper Fund awards, the AGF Precious Metals Fund was awarded the best 5-year return in the Precious Metals category, and the AGF Canadian Resources Fund was awarded the best 10-year return in the Natural Resources category.Charles combines a big picture approach and a bottom up process. Using a portfolio approach he focuses on strong management teams with a sound strategy. He looks for growth at a reasonable price (GARP) and generally buys companies with the view of holding them over the long-term.Charles obtained his Honours Bachelor of Science degree in Geology from the University of Western Ontario in 1987 and obtained his CFA designation in 1998.

Also manages:Sprott All Cap, Sprott Global Equity, Sprott Opportunities Hedge L.P. A

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Jamie Horvat, LIFA, Sr. Prt Mgr

Sprott Asset Management LP

Start Date: January, 2008

Fund Return: -7.20%

Jamie Horvat joined SAM in January 2008. Jamie is co-manager of the Sprott All Cap Fund, the Sprott Gold and Precious Minerals Fund, the Sprott Global Equity Fund, Sprott Opportunities Hedge Fund LP, and the Sprott Opportunities RSP Rund. Prior to joining SAM, Jamie was co-manager of several funds at AGF Management Limited. He was also the Associate Portfolio Manager of the AGF Canadian Growth Equity Fund, as well as an instrumental contributor to a number of structured products and institutional mandates while at AGF. Prior to joining AGF he spent 5 years at another large Canadian mutual fund company as an Investment Analyst. Jamie holds a diploma in Mechanical Engineering Technology (honours) from Mohawk College, and an Honours B.Comm from McMaster University. He is a member of the International Research Association and is a Licensed International Financial Analyst. He is also a member of the Ontario Association of Certified Engineering Technicians & Technologists, as well as the Toronto CFA Society and the CFA Institute.

Also manages:Sprott All Cap, Sprott Global Equity, Sprott Opportunities Hedge L.P. A

View fund manager performance report