Mutual Fund Benchmarks as of September 30, 2003

Index Total Return Average Annual Compound Return
1 mo. 3 mo. 6 mo. 1 yr. 2 yrs. 3 yrs. 5 yrs. 10 yrs.
Note: All Benchmarks are expressed in Canadian Dollars.
Source: Datastream, ScotiaMcLeod, Frank Russell Canada, Morgan Stanley Capital Int'l.
BMO Nesbitt Burns Cdn Small-Cap Index2.416.531.532.519.63.611.97.5
Barra Canadian 300 Growth0.27.216.418.26.9-16.95.35.2
Barra Canadian 300 Value-2.26.119.727.05.04.49.412.4
CPI - All Items0.00.3-0.22.02.12.32.41.8
Canada Savings Bonds Index0.20.51.02.01.72.73.23.9
Citigroup World Government Bond Index2.81.3-2.8-2.73.96.52.86.3
HANG SENG Total Return Index0.917.320.26.1-1.5-13.54.74.0
MSCI EAFE ($CDN)0.57.818.97.8-4.2-11.7-1.63.3
MSCI Emerging Markets Free ($CDN)-2.013.429.324.216.1-1.88.01.5
MSCI Europe ($CDN)-0.73.216.79.1-5.7-11.4-3.18.2
MSCI Japan ($CDN)3.121.124.90.8-4.7-15.30.8-3.9
MSCI World ($CDN)-1.94.613.17.3-6.5-12.9-1.76.4
Mexico IPC (BOLSA) Price Index0.24.018.87.73.2-1.812.32.0
NASDAQ Composite ($CDN)-7.06.118.425.5-0.7-25.0-2.08.6
NIKKEI 225 Total Return Index0.420.126.01.0-2.4-17.4-3.9-6.9
S&P 500 Composite ($CDN)-3.71.87.94.0-9.5-14.7-2.88.2
S&P/TSX Total Return-1.06.718.022.56.1-9.07.48.4
SC Universe Bond Total Return Index2.21.36.58.18.38.56.78.3
1-Year Average GIC Index0.10.40.91.81.72.33.03.8
5-Year Average GIC Index0.20.71.53.43.73.94.45.2
91 Day Treasury Bill Index0.30.81.63.02.83.74.24.6