Mutual Fund Benchmarks as of October 31, 2004

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 Index0.24.00.612.625.618.812.79.3
Barra Canadian 300 Growth2.66.58.514.318.19.41.36.0
Barra Canadian 300 Value2.44.28.518.024.912.411.813.6
CPI - All Items0.0-0.10.82.01.82.32.32.0
Canada Savings Bonds Index0.10.40.81.61.81.72.73.5
Citigroup World Government Bond Index-0.8-1.9-4.72.5-0.72.03.45.8
HANG SENG Total Return Index-3.9-1.9-2.8-1.13.9-0.1-4.01.9
MSCI EAFE ($ Cdn)-0.1-2.1-5.710.39.10.6-4.23.3
MSCI Emerging Markets Free ($ Cdn)-1.33.6-3.210.517.614.02.2-0.5
MSCI Europe ($ Cdn)-0.1-1.0-4.013.39.00.5-3.08.2
MSCI Japan ($ Cdn)-1.1-7.3 -14.30.96.4-2.3-9.7-4.5
MSCI World ($ Cdn)-1.0-3.6-6.85.25.2-2.4-5.36.1
Mexico IPC (BOLSA) Price Index0.63.81.927.315.38.88.02.0
NASDAQ Composite ($ Cdn)0.6-3.9-8.4-5.56.4-3.5 -11.28.7
NIKKEI 225 Total Return Index-0.4-8.4 -15.6-2.35.9-2.7 -13.3-7.8
S&P 500 Composite ($ Cdn)-2.1-5.8-9.1-0.5-0.1-6.4-7.28.0
S&P/TSX Total Return2.45.38.616.121.410.85.89.4
SC Universe Bond Total Return Index1.13.13.17.27.26.47.88.9
1-Year Average GIC Index0.10.30.61.21.51.52.53.3
5-Year Average GIC Index0.30.71.63.03.23.44.04.8
91 Day Treasury Bill Index0.20.50.92.32.62.63.64.3