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Globe Portfolio

Frequently Asked Questions
Charts and Reports

Can I compare the performance of my funds against other funds, market indices or GIC rates?

You can compare the performance of your fund with another mutual fund, a mutual fund in your personal fundlist, an index like the TSE 300, or GIC rates. Please follow the steps below:

1. View your fund chart graph.

2. Scroll down below the chart until you see the heading "Generate a New Chart" followed by Select a Fund, Select a time frame, Compare with an index, and Compare with a Fund in your Fundlist. Make the appropriate selections and click Generate Chart.

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Can you explain what is meant by Adjusted Net Asset Value (the label for the Y axis on the charts) and how it affects the prices indicated on the charts?

For the charts on globefund.com, we account for distributions by adjusting all of the historical prices prior to the distribution by the amount of the distribution. We take the same approach if a fund has a split. This gives us an adjusted NAV (Net Asset Value).

In other words, when a fund pays a distribution, the shareholder receives more shares (or cash), while the price of the fund declines. The net effect to the shareholder, though, is zero. In order to account for this graphically, we adjust any historical prices downward by the amount of the distribution so that the user doesn't see a large drop on the globefund.com chart the day the fund pays a distribution.

This way, any large drops you see on the Charts are due to market swings that effect the share price of the fund and not distributions. The Charts should not be used to gauge specific fund prices but the performance of the fund over time.

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Do you have a description of the asset classes on your Web site?

This Web site adheres to the Investment Funds Standards Committee (IFSC) standards for mutual fund classification in Canada. The criteria for allocation into a specific fund category is as follows. Firstly, a fund's objective and style, as presented in the prospectus, is looked at to determine the appropriate asset category. Then the fund's actual portfolio holdings over a period of time are examined to determine its placement within a specific category. There are 35 fund categories in all. A description of each category follows.

Alternative Strategies

"Speciality funds, often referred to as hedge funds, which employ alternative strategies such as short-selling, leveraging, program trading, swaps and arbitrage. A fund need not employ all of these tools all of the time; it must merely have them at its disposal. Funds may employ speculative strategies as well as hedging strategies."

Asia Ex-Japan Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies which are located in Asia, Australia or New Zealand, excluding Japan, or derivative-based exposure to such markets.

Asian and Pacific Rim

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies which are located in Asia, Australia or New Zealand, or derivative-based exposure to such markets.

Canadian Balanced

A minimum of 75% of the market value of the portfolio must be in a combination of Canadian Equity and Canadian Fixed Income. Equity component of no less than 25% and no more than 75% of the portfolio. Fixed income and cash together represent no less than 25% or more than 75% of the portfolio.

Canadian Bond

A minimum of 75% of the market value of the portfolio must be allocated to Canadian dollar-denominated Government and/or corporate bonds, debentures and short-term notes. Average term-to-maturity of portfolio including short-term investments must be greater than 3 years.

Canadian Dividend

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be dividend paying securities of Canadian corporations, equity securities convertible into the securities of Canadian corporations, or royalty and income trusts (restricted to 25% of the portfolio) listed on a recognized exchange.

Canadian Equity

A minimum of 50% of the total assests and 75% of non-cash assets of the portfolio in Canadian equities listed on a recognized exchange. In addition, a minimum of six of the 14 TSE 300 sub-indexes should be represented with a weighting at least equal to 50% of the sub-index weighting within the TSE 300 index. Alternatively, the mean ISC value of the fund must not exceed 40.

Canadian Income Trusts Funds

A minimum of 25% of the total assets, including cash and equivalents must be interest income-bearing securities and a minimum of 50% non-interest, but income-producing investments.

Canadian Large Cap Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be invested in companies of the TSE 100. Minimum of 50% of the equity weighting represent at least 2 of the 4 major sub-indices of the TSE 1000. Passive funds designed to track the TSE300 composite are expected and allocated to the Canadian Equity category.

Canadian Money Market

Normally, these funds do not have unit values that change - only distributions. The net asset value per share (NAVPS) does not change from month to month.

Canadian Mortgage

A minimum of 75% of the market value of the portfolio must be Canadian industrial, commercial and/or residential mortgages, including mortgage-backed securities. A minimum of 50% of the fixed income section of the fund must be in mortgages or morgage-backed securities.

Canadian Short Term Bond

A minimum of 75% of the market value of the portfolio must be short-term Canadian debt instruments. "Short-term" is defined as an average term-to-maturity of less than 5 years and more than one year. A minimum of 50% of the fixed income section of the fund must be invested in short-term instruments with an average term-to-maturity of less than or equal to three years.

Canadian Small Capitalization

A minimum of 50% of the total assets and 75% of the equity holdings in the portfolio, based on individual market value, must be Canadian equities which have a median market capitalization not more than 0.2% of the total market capitalization of the TSE 300 (November 30, 1998 = CDN $1.4 billion).

Canadian Tactical Asset Allocation

A minimum of 75% of the market value of the portfolio must be in one or a combination of Canadian Fixed Income, Canadian Equities or Canadian cash and equivalents. No restrictions on asset weightings or less stringent than for balanced funds.

Emerging Markets

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities of Emergin Markets countries, or derivative-based exposure to such markets.

European Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of European companies, or derivative-based exposure to developed European equity markets. More than one country must be represented in the portfolio at all times.

Financial Services

Based on median values calculated from observations of fund holdings data over a period of three years, a minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be firms whose primary business is related to the financial services or wealth management with no geographic restrictions.

Foreign Bond

A minimum of 75% of the market value of the portfolio must be in debt instruments that are denominated in a foreign currency, and which have a dollar-weighted term to maturity greater than one year.

Global Balanced and Asset Allocation

The portfolio must be invested in a combination of equity, fixed income investments, cash and cash equivalents, 25% or more of those securities must be in non-Canadian investments. No restrictions on asset weightings.

Global Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies located in each of 3 geographical regions, Asia, The Americas and Europe, or derivative-based exposure to such markets.

Global Science and Technology

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be invested in equities or equity equivalents of companies primarily engaged in some aspect of science or technology. No geographic restrictions apply.

Healthcare

Based on median values calculated from observations of fund holdings data over a period of three years, a minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be in firms whose primary business is related to the Health Care industry with no geographic restrictions.

High Yield Bond

A minimum of 75% of the market value of the portfolio must be allocated to Canadian dollar-denominated Government and/or corporate bonds, debentures and short-term notes. The credit rating of component bonds will be lower than that of the investment grade level of Canadian Bond Funds.

International Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies located outside of Canada and the United States or derivative-based exposure to such markets.

Japanese Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of Japanese companies or derivative-based exposure to Japanese equity markets.

Latin American Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies located in Latin American countires, or derivative-based exposure to such markets.

Labour-Sponsored

These are defined by provincial and federal statutes.

North American Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies located in the United States and Canada (or derivative-based exposure to the Can-Am market). The US. Equity component must represent a minimum of 25% of the non-cash assets of the portfolio.

Natural Resources

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be firms whose primary business is related to the exploration, extraction or production of natural resources with no geographic restriction.

Precious Metals

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be firms whose primary business is related to the exploration extraction or production of precious metals with no geographic restrictions.

Real Estate

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be firms whose primary business is related or directly invested in commercial and residential real estate with no geographic restrictions.

Specialty or Miscellaneous

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be related to the sector or geographic specialty as established in the fund's prospectus.

U.S. Equity

A minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies loctaed in the United States or derivative-based exposure to the US market.

U.S. Money Market

Primarily U.S. money markets funds, but includes foreign, non-U.S. money market funds that are structured essentially the same as U.S. money market funds.

U.S. Small and Mid Cap Equity

A minimum of 50% of the total assets and 75% of the non-cash assets in the portfoliio, based on individual market value, must be U.S. equities which have a market capitalization of less than US$6 billion.

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I notice that you continually add new indexes I can compare my funds to. Do you have descriptions of those indexes?

1-Year Average GIC Index is a calculated index, derived by using the month-end 1-year Trust Company Guaranteed Investment Certificate rate as provided by the Bank of Canada. The index assumes monthly re-investments of interest and capital & should not be construed as the actual return of an investment in a 1-year GIC.

30 day Treasury Bill Index is an index based upon the average daily yield of 30-day Treasury Bills. Treasury Bills are secured by the full faith and credit of the Canadian Government and offer a fixed rate of return.

5-Year Average GIC Index is a calculated index, derived by using the month-end 5-year Trust Company Guaranteed Investment Certificate rate as provided by the Bank of Canada. The index assumes monthly re-investments of interest and capital & should not be construed as the actual return of an investment in a 5-year GIC.

91 day Treasury Bill Index is an index based upon the average daily yield of 91-day Treasury Bills. Treasury Bills are secured by the full faith and credit of the Canadian Government and offer a fixed rate of return.

The AMEX Composite is an index, weighted by capitalization, that tracks the performance of all common stocks, American Depository Receipts (ADRs) and warrants listed on the American Stock Exchange. This index represents asset types which are subject to risk, including loss of principal.

The AMEX Composite ($CDN) is an index, weighted by capitalization, that tracks the performance of all common stocks, American Depository Receipts (ADRs) and warrants listed on the American Stock Exchange. This index represents asset types which are subject to risk, including loss of principal. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

Blend: 60% MSCI World, 40% Lehman Bros - Blend: 60% MSCI World & 40% Lehman Bros Gov't/Corp. is a blended index made up of a 60% weighting in the Morgan Stanley Capital International World Index and 40% weighting in the Lehman Brothers Government & Corporate Bond Index. Both of these indexes are calculated in U.S. dollars and converted to Canadian using historical exchange rates.

Blend: 60% S&P/TSX Composite Index & 40% Scotia Universe is a blended index made up of a 60% weighting in the S&P/TSX Composite Index and 40% weighting in the ScotiaMcLeod Universe Bond Index.

Blend: 60% TSE300 & 40% Scotia Universe is a blended index made up of a 60% weighting in the TSE 300 Total Return Index and 40% weighting in the ScotiaMcLeod Universe Bond Index.

Blend: TSE - 50% Gold, 50% Oil/Gas is a blended index made up of a 50% weighting in the TSE 300 Gold & Precious Metals subgroup and 50% weighting in the TSE 300 Oil & Gas subgroup.

CDNX Composite is an equally weighted index comprised of the top index-eligible securities by market capitalization in Canada.

CPI - All items is an index representing the rate of inflation of Canadian consumer prices as determined by Statistic Canada.

Canada Savings Bonds Index is a calculated index derived from using the month-end rate on a Canada Savings Bond. The index assumes re-investment of principle and interest at the end of every month. Canada Savings Bonds are secured by the full faith and credit of the Canadian government.

DFA Small Cap is a market value weighted index of the ninth and tenth deciles of the New York Stock Exchange, plus stocks listed on the American Stock Exchange and the Over-The-Counter market with the same or less capitalization as the upper bound of the New York Stock Exchange ninth decile. This index represents asset types which are subject to risk, including loss of principal. The stocks of small companies involve additional risks and have historically been more volatile than the market on average.

DFA Small Cap ($CDN) is a market value weighted index of the ninth and tenth deciles of the New York Stock Exchange, plus stocks listed on the American Stock Exchange and the Over-The-Counter market with the same or less capitalization as the upper bound of the New York Stock Exchange ninth decile. This index represents asset types which are subject to risk, including loss of principal. The stocks of small companies involve additional risks and have historically been more volatile than the market on average. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars.

DJIA Total Return is a price weighted index of 30 of the largest, most widely held stocks traded on the NYSE. The index is the sum of the current market price of the 30 stocks divided by a number that has been adjusted to take into account stock splits and changes in stock composition. This index represents asset types which are subject to risk, including loss of principal. This Total Return index also includes re-investment of dividends and capital gains.

DJIA Total Return ($CDN) is a price weighted index of 30 of the largest, most widely held stocks traded on the NYSE. The index is the sum of the current market price of the 30 stocks divided by a number that has been adjusted to take into account stock splits and changes in stock composition. This index represents asset types which are subject to risk, including loss of principal. This Total Return index also includes re-investment of dividends and capital gains. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars.

Dow Jones Industrial Average is a price weighed index of 30 of the largest, most widely held stocks traded on the NYSE. The index represents principal only and does not include the effect of reinvestments. The index is the sum of the current market price of the 30 stocks divided by a number that has been adjusted to take into account stock splits and changes in stock composition.

Dow Jones Industrial Average ($CDN) is a price weighed index of 30 of the largest, most widely held stocks traded on the NYSE. The index represents principal only and does not include the effect of reinvestments. The index is the sum of the current market price of the 30 stocks divided by a number that has been adjusted to take into account stock splits and changes in stock composition. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars.

FT-SE 100 Price Index is a price weighted index comprised of the largest 100 resident and domiciled UK companies by market value.

FT-SE 100 Total Return Index is a price weighted index comprised of the largest 100 resident and domiciled UK companies by market value.

Fixed Rate Index - 1% - This index is the rate of return of a fixed income investment at 1% over a one year period, non-compounding.

Fixed Rate Index - 2% - This index is the rate of return of a fixed income investment at 2% over a one year period, non-compounding.

Fixed Rate Index - 3% - This index is the rate of return of a fixed income investment at 3% over a one year period, non-compounding.

Fixed Rate Index - 4% - This index is the rate of return of a fixed income investment at 4% over a one year period, non-compounding.

Fixed Rate Index - 5% - This index is the rate of return of a fixed income investment at 5% over a one year period, non-compounding.

Fixed Rate Index - 6% - This index is the rate of return of a fixed income investment at 6% over a one year period, non-compounding.

Fixed Rate Index - 7% - This index is the rate of return of a fixed income investment at 7% over a one year period, non-compounding.

Fixed Rate Index - 8% - This index is the rate of return of a fixed income investment at 8% over a one year period, non-compounding.

Fixed Rate Index - 9% - This index is the rate of return of a fixed income investment at 9% over a one year period, non-compounding.

Fixed Rate Index - 10% - This index is the rate of return of a fixed income investment at 10% over a one year period, non-compounding.

Fixed Rate Index - 11% - This index is the rate of return of a fixed income investment at 11% over a one year period, non-compounding.

Fixed Rate Index - 12% - This index is the rate of return of a fixed income investment at 12% over a one year period, non-compounding.

Fixed Rate Index - 13% - This index is the rate of return of a fixed income investment at 13% over a one year period, non-compounding.

Fixed Rate Index - 14% - This index is the rate of return of a fixed income investment at 14% over a one year period, non-compounding.

Fixed Rate Index - 15% - This index is the rate of return of a fixed income investment at 15% over a one year period, non-compounding.

France - CAC 40 Price Index

G7 Index is a blended index made up of the following market indexes(weight): TSE35(15%), S&P500(30%), NIKKEI(20%), DAX(10%), CAC(10%), FT100(10%) & Milan(5%)

German - DAX 30 Price Index

Globe Alternative Strategies Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Asia ex-Japan Equity Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Asia/Pacific RIM Peer Index is an equally weighted average of mutual funds within the stated asset class. The primary objective of these funds is to invest in companies in the Asian and Pacific Rim regions.

Globe Can. Tactical Asset Alloc. Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Canadian Balanced Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Canadian Bond Peer Index is an equally weighted average of mutual funds within the stated asset class. The primary objective of these funds is to provide fixed income through investing mainly in bonds, debentures, and other government and corporate debt securities.

Globe Canadian Dividend Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Canadian Equity Peer Index is an equally weighted average of mutual funds within the stated asset class. The primary objective of these funds is long-term capital appreciation. These funds invest mainly in Canadian common shares, but their investment content may vary given certain market conditions.

Globe Canadian Large Cap Equ Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Canadian Money Market Peer Index is an equally weighted average of mutual funds within the stated asset class. The primary objective of these funds is to provide income while protecting capital. These portfolios consist mainly of fixed, short term, corporate and government debt securities.

Globe Canadian Mortgage Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Canadian Short Term Bond Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Canadian Small-Mid Cap Peer Index is an equally weighted average of mutual funds within the stated asset class. The primary objective of these funds is to invest in smaller Canadian companies with a market capitalization of less than $500 million.

Globe Cdn High Income Bal Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Cdn Income Trusts Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Country Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Emerging Markets Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe European Equity Peer Index is an equally weighted average of mutual funds within the stated asset class. The primary objective of these funds is to invest in companies from European countries.

Globe Financial Services Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Foreign Bond Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Global Bal and Asset Alloc. Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Global Equity Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Health Care Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe High Yield Bond Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe International Equity Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Japanese Equity Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Labour-Sponsored Peer Index is an equally weighted average of mutual funds within the stated asset class. These are Canadian funds which engage in "Venture capital investing," putting money into small to medium-sized companies that are in a startup or expansion phase. Although a riskier investment, these funds offer investors generous federal tax credits, as well as matching credits in some provinces.

Globe Latin Amer. Equity Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Natural Resources Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe North American Equity Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Pecious Metals Peer Index is an equally weighted average of mutual funds within the stated asset class. The primary objective of these funds is to invest in precious and non-precious metals, minerals and energy stocks.

Globe Real Estate Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Science and Technology Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe Specialty or Misc. Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe U.S. Equity Peer Index is an equally weighted average of mutual funds within the stated asset class.

Globe U.S. Money Market Peer Index is an equally weighted average of mutual funds within the stated asset class. The primary objective of these funds is to provide income through investments in short term debt securities worldwide.

Globe US Small and Mid Cap Equity Peer Index is an equally weighted average of mutual funds within the stated asset class.

Gold: London PM ($CDN) is an index based on the price at the end of month close for London gold. This index represents asset types which are subject to risk, including loss of principal. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

Gold: London PM ($US) is an index based on the price at the end of month close for London gold. This index represents asset types which are subject to risk, including loss of principal.

HANG SENG Stock Index is an index comprised of the largest companies in the Hong Kong region. This index is calculated in Hong Kong Dollars.

HANG SENG Total Return Index is an index comprised of the largest companies in the Hong Kong region. It is calculated in Hong Kong dollars and has been converted to Canadian dollars using historical exchange rates.

Italy - Milan General Price Index

Lehman Brothers Govt/Corp is an index composed of 5,400 publicly issued corporate and U.S. government debt rated Baa or better, with at least one year to maturity and at least $25 million par outstanding. The index is weighted by market value of its bonds and is calculated in U.S. dollars and converted to Canadian using historical exchange rates.

MSCI EAFE is a Morgan Stanley international index that includes stocks traded on 16 exchanges in Europe, Australia and the Far East, weighted by capitalization. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards.

MSCI EAFE ($CDN) is a Morgan Stanley international index that includes stocks traded on 16 exchanges in Europe, Australia and the Far East, weighted by capitalization. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

MSCI Emerging Markets Free is a Morgan Stanley international index that includes stocks traded in Emerging markets such as Bangkok, Madrid, Seoul and Taipei, weighted by capitalization and calculated in Canadian dollars with gross dividends. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards.

MSCI Europe is a Morgan Stanley international index that includes stocks traded in European markets, weighted by capitalization and calculated in Canadian dollars with gross dividends. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards.

MSCI Far East is a Morgan Stanley international index that includes stocks traded in Far East market, weighted by capitalization and calculated in Canadian dollars with gross dividends. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards. MSCI Japan MSCI Japan is a Morgan Stanley international index that includes stocks traded in Japanese markets, weighted by capitalization and calculated in Canadian dollars with gross dividends. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards.

MSCI Latin American is a Morgan Stanley international index that includes stocks traded in Latin American markets, weighted by capitalization and calculated in Canadian dollars with gross dividends. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards.

MSCI North America Index is a Morgan Stanley international index that includes stocks traded in North America markets, weighted by capitalization and calculated in Canadian dollars with gross dividends. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards.

MSCI Pacific, ex-Japan is a Morgan Stanley international index that includes stocks traded in Pacific markets except Japan market, weighted by capitalization and calculated in Canadian dollars with gross dividends. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards.

MSCI Real Estate is a Morgan Stanley industry group index.

MSCI World is a Morgan Stanley international index that includes stocks traded in Europe, Australia, the Far East, plus the U.S., Canada, and South Africa, weighted by capitalization. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards.

MSCI World ($CDN) is a Morgan Stanley international index that includes stocks traded in Europe, Australia, the Far East, plus the U.S., Canada, and South Africa, weighted by capitalization. This index represents asset types which are subject to risk, including loss of principal. International stocks are subject to additional risks including currency risk and varying accounting standards. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars.

Mexico IPC (BOLSA) Price Index is the principal stock index of the Bolsa Mexicana de Valores (BMV), Mexico's stock exchange. The IPC is a broad-based index currently consisting of 35 stocks traded at the BMV. The Index is similar to the TSE 300 in that it is capitalization-weighted.

NASDAQ Composite is an index of over 3,000 OTC issues with an aggregate market value of approximately $500 billion. It tracks the performance of domestic common stocks traded on the regular NASDAQ market as well as National Market System traded foreign common stocks and ADRs. Capitalization is weighted. The types of assets represented by this index involve risks, including the loss of principal.

NASDAQ Composite ($CDN) is an index of over 3,000 OTC issues with an aggregate market value of approximately $500 billion. It tracks the performance of domestic common stocks traded on the regular NASDAQ market as well as National Market System traded foreign common stocks and ADRs. Capitalization is weighted. The types of assets represented by this index involve risks, including the loss of principal. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars.

NASDAQ Computer Index includes over 600 computer hardware and software companies that furnish computer programming and data processing services, and firms that produce computers, office equipment, and electronic components/accessories.

NASDAQ Computer Index ($CDN) includes over 600 computer hardware and software companies that furnish computer programming and data processing services, and firms that produce computers, office equipment, and electronic components/accessories. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

NASDAQ-100 Index represents the largest and most active non-financial domestic and international issues listed on The Nasdaq Stock MarketŪ based on market capitalization.

NASDAQ-100 ($CDN) Index represents the largest and most active non-financial domestic and international issues listed on The Nasdaq Stock MarketŪ based on market capitalization. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

NIKKEI 225 Price Index is an index of 225 high-quality blue chip stocks on the Tokyo Stock Exchange; the Nikkei is Japan's equivalent of the TSE 300. This index is calculated in Japanese Yen.

NIKKEI 225 Total Return Index is an index of 225 high-quality blue chip stocks on the Tokyo Stock Exchange; the Nikkei is Japan's equivalent of the TSE 300. It is calculated in Japanese Yen and has been converted to Canadian dollars using historical exchange rates.

NYSE Composite is a capitalization weighted price indicator that measures the changes in the aggregate market value of all New York Stock Exchange listed common stocks. The types of assets represented by this index involve risks, including the loss of principal.

NYSE Composite ($CDN) is a capitalization weighted price indicator that measures the changes in the aggregate market value of all New York Stock Exchange listed common stocks. The types of assets represented by this index involve risks, including the loss of principal. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

Nesbitt Burns Cdn Small Cap Index includes common shares of all Canadian companies trading on the Toronto and Montreal stock exchanges with a total capitalization at the beginning of each month which does not exceed 0.1% of the total capitalization of the TSE 300 index. The top cutoff being $364 million in June 1994 will move up and down with inflation over the long term and with bull and bear markets over the shorter term.

Russell 100 Growth Index contains those TSE 100 securities with a greater-than-average growth orientation. Companies in this index tend to exhibit higher price-to-book and price-earnings ratios, lower dividend yields and higher forecasted growth values than the Value universe.

Russell 100 Value Index contains those TSE 100 securities with a less-than-average growth orientation. Securities in this index generally have low price-to-book and price-earnings ratios, higher dividend yields and lower forecasted growth values than more growth-oriented securities in the Russell 100 Growth Index.

Russell 1000 is an index subset of the Russell 3000 index. It consists of 1,000 of the largest stocks representing approximately 87% of the U.S. equity market. Weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested.

Russell 1000 ($CDN) is an index subset of the Russell 3000 index. It consists of 1,000 of the largest stocks representing approximately 87% of the U.S. equity market. Weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

Russell 2000 is an index subset of the Russell 3000 index. Includes 2,000 of the smallest stocks representing approximately 11% of U.S. equity market. Weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested.

Russell 2000 ($CDN) is an index subset of the Russell 3000 index. Includes 2,000 of the smallest stocks representing approximately 11% of U.S. equity market. Weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

Russell 300 Growth Index contains those TSE 300 securities with a greater-than-average growth orientation. Companies in this index tend to exhibit higher price-to-book and price-earnings ratios, lower dividend yields and higher forecasted growth values than the Value universe.

Russell 300 Value Index contains those TSE 300 securities with a less-than-average growth orientation. Securities in this index generally have low price-to-book and price-earnings ratios, higher dividend yields and lower forecasted growth values than more growth-oriented securities in the Russell 300 Growth Index.

Russell 3000 is an index of 3,000 of the largest U.S.-domiciled, publicly traded common stocks. Represents approximately 98% of investable U.S. equity market. Weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested.

Russell 3000 ($CDN) is an index of 3,000 of the largest U.S.-domiciled, publicly traded common stocks. Represents approximately 98% of investable U.S. equity market. Weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

S&P 300 Industrials is equivalent to the S&P 500 index, less utilities, finance and transportation stocks. Weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested.

S & P 300 Industrials ($CDN) is equivalent to the S&P 500 index, less utilities, finance and transportation stocks. Weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

S & P 400 Midcap is an index consisting of 400 domestic stocks chosen for market size, liquidity and industry group representation. It is a market-value weighted index that represents approximately 10% of the aggregate market value of U.S. domestic companies. The stocks represented by this index involve investment risks which may include the loss of principal invested.

S & P 400 Midcap ($CDN) is an index consisting of 400 domestic stocks chosen for market size, liquidity and industry group representation. It is a market-value weighted index that represents approximately 10% of the aggregate market value of U.S. domestic companies. The stocks represented by this index involve investment risks which may include the loss of principal invested. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

S & P AA Corporate is a Standard & Poor's long-term corporate bond index. The bonds represented by this index involve investment risks, including default and loss of principal.

S & P AA Corporates ($CDN) is a Standard & Poor's long-term corporate bond index. The bonds represented by this index involve investment risks, including default and loss of principal. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

S&P 500 Composite is a market capitalization weighted price index composed of 500 widely held common stocks listed on the New York Stock Exchange, American Stock Exchange and Over-The-Counter market. The index represents principal only and does not include the effect of reinvestments. The value of the index varies with the aggregate value of the common equity of each of the 500 companies. The stocks represented by this index involve investment risks which may include the loss of principal invested.

S&P 500 Composite ($CDN) is a market capitalization weighted price index composed of 500 widely held common stocks listed on the New York Stock Exchange, American Stock Exchange and Over-The-Counter market. The index represents principal only and does not include the effect of reinvestments. The value of the index varies with the aggregate value of the common equity of each of the 500 companies. This index is tracked in U.S. Dollars and was converted to Canadian Dollars.

S&P 500 Composite Total Return is a market capitalization weighted price index composed of 500 widely held common stocks listed on the New York Stock Exchange, American Stock Exchange and Over-The-Counter market. The value of the index varies with the aggregate value of the common equity of each of the 500 companies. The stocks represented by this index involve investment risks which may include the loss of principal invested.

S&P 500 Composite Total Return ($CDN) is a market capitalization weighted price index composed of 500 widely held common stocks listed on the New York Stock Exchange, American Stock Exchange and Over-The-Counter market. The value of the index varies with the aggregate value of the common equity of each of the 500 companies. The stocks represented by this index involve investment risks which may include the loss of principal invested. This index is tracked in U.S. Dollars and was converted to Canadian Dollars.

S&P/TSX 60 Index is a large capitalization index for Canadian equity markets. The 60-stock index is market-capitalization weighted, with weight adjusted for available share float, and is balanced across 10 economic sectors. S&P/TSX 60 constituents are selected for inclusion using Standard & Poor's guidelines for evaluating company capitalization, liquidity and fundamentals. The S&P/TSX 60 was launched on December 31, 1998.

S&P/TSX Cdn Cons Discretionary is a sub-index of the S&P/TSX.

S&P/TSX Cdn Cons Staples is a sub-index of the S&P/TSX.

S&P/TSX Cdn Energy is a sub-index of the S&P/TSX.

S&P/TSX Cdn Financials is a sub-index of the S&P/TSX.

S&P/TSX Cdn Gold is a sub-index of the S&P/TSX.

S&P/TSX Cdn Health Care is a sub-index of the S&P/TSX.

S&P/TSX Cdn Industrials is a sub-index of the S&P/TSX.

S&P/TSX Cdn Info Tech is a sub-index of the S&P/TSX.

S&P/TSX Cdn Materials is a sub-index of the S&P/TSX.

S&P/TSX Cdn Metals & Mining is a sub-index of the S&P/TSX.

S&P/TSX Cdn Real Estate Index is a sub-index of the S&P/TSX.

S&P/TSX Cdn Telecom Services is a sub-index of the S&P/TSX.

S&P/TSX Cdn Utilities is a sub-index of the S&P/TSX.

S&P/TSX Composite Index comprises approximately 71% of market capitalization for Canadian-based, Toronto Stock Exchange listed companies. The size of the S&P/TSX Composite (C$913.3 Billion in float market capitalization as of October, 2000) and its broad economic sector coverage has made the S&P/TSX Composite the premier indicator of market activity for Canadian equity markets since its launch on January 1, 1977.

S&P/TSX Total Return Index is a price weighted index of 300 of the largest, most widely held stocks traded on the Toronto Stock Exchange. The index is the sum of the current market price of the 300 stocks divided by a number that has been adjusted to take into account stock splits and changes in stock composition. The Total Return index also includes re-investment of dividends and capital gains.

S&P/TSX Venture Composite Index is a broad market indicator for the Canadian venture capital market. The index will replace the existing CDNX Index, making its debut on December 10, 2001. The index is market capitalization weighted and, at its inception, includes 531 companies. A quarterly revision process will be used to remove companies that comprise less than 0.05% of the weight of the index, and add companies whose weight, when included, will be greater than 0.05% of the index. In addition, companies removed throughout the quarter through normal course corporate events will not be replaced until the next quarterly review, if at all.

SCM Long Term Bond Total Return Index is a specific measure of total return for the Canadian long-term bond market, covering approximately 250 marketable Canadian bonds with term to maturity greater than 10 years. Bonds are weighted on a market value basis, including accrued interest, and emulate "real world" bond portfolios. Bond categories include Federal, Provincial, Municipal and AA through BBB-rated corporate issuers. This index is calculated by Scotia Capital Markets Inc.

SCM Mid Term Bond Total Return Index is a specific measure of total return for the Canadian mid-term bond market, covering approximately 250 marketable Canadian bonds with term to maturity of 5 - 10 years. Bonds are weighted on a market value basis, including accrued interest, and emulate "real world" bond portfolios. Bond categories include Federal, Provincial, Municipal and AA through BBB-rated corporate issuers. This index is calculated by Scotia Capital Markets Inc.

SCM Mortgage Market Index assumes a 5 year term prior to December 1980 and a 3 year term thereafter to account for individual preferences for shorter term mortgages during the 1980s. The index assumes a 25 year amortization period. Month end yields are obtained from a representative sample of major Canadian Schedule A chartered banks. This index is calculated by Scotia Capital Markets Inc.

SCM Short Term Bond Total Return Index is a specific measure of total return for the Canadian short-term bond market, covering approximately 200 marketable Canadian bonds with term to maturity of 1 - 5 years. Bonds are weighted on a market value basis, including accrued interest, and emulate "real world" bond portfolios. Bond categories include Federal, Provincial, Municipal and AA through BBB-rated corporate issuers. This index is calculated by Scotia Capital Markets Inc.

SCM Universe Bond Total Return Index is a broad measure of total return for the Canadian bond market, covering approximately 700 marketable Canadian bonds with term to maturity of more than 1 year. Bonds are weighted on a market value basis, including accrued interest, and emulate "real world" bond portfolios. Bond categories include Federal, Provincial, Municipal and AA through BBB-rated corporate issuers. This index is calculated by Scotia Capital Markets Inc.

Salomon Corp Bonds - US is a Salomon index of long-term corporate, high grade industrial and utility bonds rated Aa or better with an average maturity of approximately 23 years. The bonds represented by this index involve investment risks, including default and loss of principal.

Salomon Corp Bonds - US ($CDN) is a Salomon index of long-term corporate, high grade industrial and utility bonds rated AA or better with an average maturity of approximately 23 years. The bonds represented by this index involve investment risks, including default and loss of principal. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

Salomon World Govt Bond is a Salomon index of bonds from 14 world government bond markets with maturities of at least 1 year. The bonds represented by this index involve investment risks, including default and loss of principal. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates. TSE (S&P) 60 Composite Index TSE 60 Stocks chosen by S&P.

TSE 100 Index is a benchmark used to measure the price performance of 100 of the largest capitalized and more liquid issues within the TSE 300 Composite Index. It is composed of four economic sectors: resource, consumer, industrial and interest sensitive. This index was terminated as of April 30, 2002.

TSE 100 - Resources Index This index was terminated as of April 30, 2002.

TSE 300 Composite Index, introduced in 1977, is a broad market indicator that represents the 300 largest traded companies in Canada. This index was terminated as of April 30, 2002.

TSE 300 Total Return Index TSE 300 Total Return Index is a price weighted index of 300 of the largest, most widely held stocks traded on the Toronto Stock Exchange. The index is the sum of the current market price of the 300 stocks divided by a number that has been adjusted to take into account stock splits and changes in stock composition. The Total Return index also includes re-investment of dividends and capital gains. This index was terminated as of April 30, 2002.

TSE 35 Index is comprised of 35 of the largest and most liquid stocks listed in the TSE 100 Index. The Toronto 35 Index is reviewed annually, with stocks added or deleted based on a weighting formula that takes into account a predetermined number of shares multiplied by market price. To be included in the Index, a stock must rank in the TSE 100 Index and satisfy certain criteria in terms of quoted market value and previous 12-month performance. This index was terminated as of April 30, 2002.

TSE Communication & Media is a sub-index of the TSE 300.

TSE Conglomerates is a sub-index of the TSE 300.

TSE Consumer Products is a sub-index of the TSE 300

TSE Financial Services is a sub-index of the TSE 300.

TSE Gold & Precious Metals is a sub-index of the TSE 300.

TSE Industrial Products is a sub-index of the TSE 300

TSE Merchandising is a sub-index of the TSE 300.

TSE Metals & Minerals is a sub-index of the TSE 300

TSE Oil & Gas is a sub-index of the TSE 300

TSE Paper & Forest is a sub-index of the TSE 300

TSE Pipelines is a sub-index of the TSE 300

TSE Real Estate & Construction is a sub-index of the TSE 300

TSE Transport & Environment is a sub-index of the TSE 300

TSE Utilities is a sub-index of the TSE 300

U.S. 30-Day Treasury Bills is an index based upon the average monthly yield of 30-day Treasury Bills. Treasury Bills are secured by the full faith and credit of the U.S. Government and offer a fixed rate of return.

U.S. 30-Day Treasury Bills ($CDN) is an index based upon the average monthly yield of 30-day Treasury Bills. Treasury Bills are secured by the full faith and credit of the U.S. Government and offer a fixed rate of return. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

U.S. 91-Day Treasury Bills is an index based upon the average daily yield of 91-day U.S. Treasury Bills. Treasury Bills are secured by the full faith and credit of the United States Government and offer a fixed rate of return.

US 30-Day Money Market Yield Index is an index of money market funds based on 30-day yields. Money Market Mutual Funds are not FDIC insured and bear risk, including the loss of principal invested.

US 30-Day Money Market Yield Index ($CDN) is an index of money market funds based on 30-day yields. Money Market Mutual Funds are not FDIC insured and bear risk, including the loss of principal invested. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.

Wilshire 5000 is an index of all listed and unlisted stocks weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested.

Wilshire 5000 ($CDN) is an index of all listed and unlisted stocks weighted by capitalization. The stocks represented by this index involve investment risks which may include the loss of principal invested. This index is tracked in U.S. Dollars and was converted from U.S. Dollars to Canadian Dollars using the historical exchange rates.   [back]   [top]

How is the Globe 5 year rating calculated?

Globe 5 year rating - a rating based on a system which separates funds into 5 broad asset classes: Canadian equity, international equity, income, balanced, and money market. This risk/reward rating is based on the total performance of each fund over the past 5 years using five 12-month periods. In order to highlight recent performance, extra weight is given to more recent years. The top 10% in the asset class receive an A+ rating; the next 15% receive an A; the next 25% receive a B; the next 25% receive a C; and the bottom 25% receive a D. If there is not 5 years of data available for a fund, the fund is not rated.

We assign weights to the funds by using the sum-of-years-digits method - that is, the return for the most recent year gets a 5/15 weight, the prior year; 4/15 and so on down to 5 years ago where the weight is 1/15.

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Are Management Expense Ratio (MER) and distributions accounted for in the fund prices and returns shown on the Web site?

Statistics show the return of the fund for the given time period and do not reflect the effects of sales charges or taxes. Management Expense Ratio (MER) is deducted from the prices that fund companies report to us, provided that the fund, or fund company, is a member of the Investment Funds Institute of Canada (IFIC). For these funds, MER has been accounted for in the returns shown in reports and charts.

Distributions do not affect mutual funds returns (unlike dividends affecting stock returns). If a fund is trading at $12 and issues a distribution of $1, then the next day the fund trades at $11. The fund owner gets additional units so that there is no effective change in total worth for the fund from the ownser's point of view. Therefore the formula to calculate returns on globefund.com is as follows:

[ P2 + Dist - P1 ] / P1 Where:
P2 = end of period price (net of distributions)
P1 = beginning of period price
Dist = distribution

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