Mutual Fund Benchmarks as of May 31, 2008

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 Index 4.0 2.7 2.4 -10.5 3.2 12.7 17.9 9.3
Blend: MLI Greystone Canadian Equity 1.9 5.1 3.0 2.4 8.5 9.0 10.6 6.3
Blend: MLI RCGT Conservative AA 1.1 3.5 2.7 3.4 7.3 7.0 8.5 6.1
Blend: MLI RCGT Growth AA Fund 2.0 6.0 2.5 1.0 8.6 9.2 11.0 5.9
Blend: MLI RCGT Moderate AA Fund (NRSP) 1.7 5.1 2.6 1.8 8.2 8.4 10.1 6.0
Blend: MLI RCGT Moderate Asset Allocatio 1.9 5.8 3.3 3.0 9.1 9.1 10.5 6.1
Blend: Trimark Canadian 3.8 8.7 4.2 1.2 11.3 13.3 15.0 6.5
Blend: Trimark Income Growth 2.0 5.2 3.2 2.6 8.6 9.1 10.6 6.2
CPI - All Items 0.0 1.2 1.4 1.2 1.7 2.1 2.1 2.2
Canada Savings Bonds Index 0.3 0.8 1.6 3.2 2.8 2.4 2.1 2.7
Citigroup World Government Bond Index -2.8 -0.1 3.4 7.6 3.4 -2.1 -0.7 2.5
Comex Gold Bullion 2.6 -9.5 11.1 27.9 11.3 22.2--
Dow Jones Global Titans 50 ($ CA) -3.1 3.1 -9.2 -15.0 -1.3 -3.2 -0.3 -3.1
HANG SENG Total Return Index -6.1 2.0 -15.1 10.6 17.8 11.8 13.3 6.4
MSCI EAFE ($ Cdn) -0.4 7.3 -5.5 -8.9 6.1 8.5 12.3 3.2
MSCI Emerging Markets Free ($ Cdn) 0.5 5.9 -2.1 13.4 23.5 23.6 26.0 11.1
MSCI Europe ($ Cdn) -0.6 7.5 -5.8 -9.2 8.5 9.4 12.6 3.1
MSCI Japan ($ Cdn) 1.2 7.1 -3.1 -12.4 -4.9 3.0 9.1 1.3
MSCI World ($ Cdn) 0.1 7.7 -4.4 -10.0 4.5 4.5 7.7 1.8
Mexico IPC (BOLSA) Price Index 5.9 16.3 12.5 -1.6 30.0 27.3 28.1 15.2
NASDAQ Composite ($ Cdn) 3.0 12.7 -5.8 -10.0 2.2 -1.0 2.8 -0.3
NIKKEI 225 Total Return Index ($ Cdn) 1.1 5.5 -4.5 -14.0 -5.7 0.9 6.9 -2.0
NYMEX Natural Gas Futures Contract 6.7 21.7 54.2 3.9 -22.3 -23.4--
Russell 2500 ($Cdn) 3.2 11.2 -1.2 -14.8 -0.0 1.1 6.7 4.4
S&P 500 Composite ($ Cdn) -0.5 6.8 -6.1 -15.0 -0.3 -2.2 1.1 -1.3
S&P/TSX Small Cap 2.8 1.4 1.3 -13.5 -1.8 4.3 9.4-
S&P/TSX Small Cap Total Return 3.1 2.3 -5.6 -17.1 1.3---
S&P/TSX Total Return 5.8 9.1 8.9 7.4 14.8 18.0 19.0 8.8
1-Year Average GIC Index 0.2 0.5 1.1 2.7 2.8 2.6 2.1 2.6
5-Year Average GIC Index 0.2 0.7 1.5 3.3 3.3 3.1 3.1 3.8
91 Day Treasury Bill Index 0.3 0.7 1.8 4.2 4.2 3.8 3.3 3.8