AGF Emerging Markets Fund received Fundata's A FundGrade® rating as of June 30, 2011 for the Emerging Markets Equity category. The peer group for all other funds with over two years of history consists of 48 funds within the category. FundGrade measures risk adjusted returns based on a fund's historical track record and ratings are subject to change monthly. For more information, visit www.fundata.com. For the most recent fund performance data, visit www.AGF.com.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus before investing.  The indicated rate[s] of return is [are] the historical annual compounded total return[s] including changes in [share or unit] value and reinvestment of all [dividends or distributions] and does [do] not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with a fund's performance, rate of return or yield.  If distributions paid by the fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, an income and dividends earned by a fund are taxable in your hands in the year they are paid. Your adjusted cost based will be reduced by the amount of any returns of capital. If your adjusted cost base falls below zero, you will have to pay capital gains tax on the amount below zero.

¹AGF Emerging Markets Fund received the 2011 Lipper Fund Award for achieving the best 10-year returns in the Emerging Markets Equity category, for the period ending October 31, 2010. Performance for AGF Emerging Markets Fund for that same period is as follows: one year 22.3%, 3 year 5.5%, 5 year 16.0%, Performance Start Date (June 16, 2003) 20.0%. AGF India Fund and AGF Latin America Fund merged into AGF Emerging Markets Value Fund on June 14, 2003. AGF Emerging Markets Value Fund was renamed AGF Emerging Markets Fund on April 18, 2005. Three-year performance as of May 30, 2003 for AGF India Fund was -23.26%, AGF Latin American Fund was -12.82% and AGF Emerging Markets Value Fund was -7.37%. The peer group for 10 years consists of 20 funds within the category. The Lipper Fund Awards recognize funds with at least 36 months of performance history that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. Lipper, a Thomson Reuters company, uses the Lipper Leader for Consistent Return methodology to designate award winning funds. For more detailed information on the Lipper Fund Awards, please visit www.lipperweb.com.