Mutual Fund Benchmarks as of May 31, 2002

Index Total Return Average Annual Compound Return
1 mo. 3 mo. 6 mo. 1 yr. 2 yrs. 3 yrs. 5 yrs. 10 yrs.
CPI - All Items0.31.62.61.22.52.52.01.8
Canada Savings Bonds Index0.10.30.52.13.03.23.14.3
FT-SE 100 Total Return Index-3.6-0.9-1.1-8.3-8.4-6.14.310.4
HANG SENG Total Return Index-4.32.7-2.6-15.2-11.5-1.4-3.48.9
MSCI EAFE ($CDN)-1.21.30.4-10.4-12.4-2.92.78.2
MSCI Emerging Markets Free ($CDN)-4.2-0.015.86.2-7.40.8-4.04.7
MSCI Europe ($CDN)-2.8-0.4-1.2-8.3-11.4-2.96.711.7
MSCI Japan ($CDN)3.413.33.6-18.1-18.2-4.1-3.82.2
MSCI World ($CDN)-2.3-3.7-4.9-13.3-12.6-4.15.211.2
Mexico IPC (BOLSA) Price Index-11.2-6.012.40.38.810.010.04.0
NASDAQ Composite ($CDN)-6.8-10.6-18.7-24.3-30.4-12.25.013.3
NIKKEI 225 Total Return Index3.114.16.1-16.1-20.2-9.5-9.4-1.8
Nesbitt Burns Cdn Small-Cap Index3.49.124.97.76.612.15.110.6
Russell 100 Growth Index-4.1-7.0-11.0-24.7-36.3-11.8-4.93.7
Russell 100 Value Index1.73.69.77.314.812.69.213.8
Russell 300 Growth Index-3.7-12.9-15.4-28.9-35.6-12.2-5.13.8
Russell 300 Value Index2.27.415.111.816.213.89.614.0
S&P 500 Composite ($CDN)-3.5-8.2-9.0-16.0-12.5-5.46.812.5
S&P/TSX Total Return0.00.73.9-4.6-7.75.35.310.7
SCM Universe Bond Total Return Index0.90.61.18.48.06.16.98.9
Salomon World Gov't Bond0.11.2-0.76.54.93.45.88.3
1-Year Average GIC Index0.10.30.61.83.03.53.54.2
5-Year Average GIC Index0.31.01.93.94.44.84.75.7
91 Day Treasury Bill Index0.20.51.03.34.54.64.55.1
Note: All Benchmarks are expressed in Canadian Dollars.
Source: Datastream, ScotiaMcLeod, Frank Russell Canada, Morgan Stanley Capital Int'l.