AGF Diversified Income Fund

Portfolio Managers / Advisors

Hugh McCauley, MBA, CFA

Managing Director and Lead Portfolio Manager
Acuity Investment Management Inc.

David Stonehouse, MBA, CFA

Director, Fixed Income and Portfolio Manager
Acuity Investment Management Inc.

Warren Fenton, CFA

Director, Equities and Portfolio Manager
Acuity Investment Management Inc.

REASONS TO INVEST IN THIS FUND

This global fund invests in a wide range of fixed income and other income-producing securities.

INVESTMENT PROCESS

Acuity's investment philosophy focuses on purchasing reasonably priced securities with appealing growth characteristics to hold over the mid to long term. The fixed-income strategy emphasizes quality while focusing on managing term and duration.

Expand All

Date as of 04-30-2013

Performance

Fund Price Select a date

Historical Prices

	DATE	$ CLOSE	PREV. $ CLOSE	$ CHANGE	YTD % CHANGE
	AS OF MAY 22, 2013	15.22	15.23	-0.01	+3.3

AVERAGE ANNUAL COMPOUND RETURNS (%)

	FUND	1 MO.	3 MO.	6 MO.	YTD	1 YR.	2 YR.	3 YR.	5 YR.	10 YR.	PSD^
		0.4	1.0	3.1	2.0	8.0	2.8	5.1	2.2	11.2	11.4

ANNUAL RETURNS (%)

	FUND	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
		7.8	-0.1	10.6	27.4	-22.7	7.7	-8.5	33.1	38.4	–

Distributions Select a date

Historical Distributions

	Fund Prices	Payment Date	Total Dividend	Income Rate	Capital Gain	Return On Capital
	15.03	2013-04-30	0.0850000	0.0850000	0.0000000	0.0000000

Portfolio Details

TOP 10 HOLDINGS¤ TOTAL HOLDINGS: 245

Ford Credit Canada Ltd. 4.875% March 17, 2014	2.3%
Government of Canada 5.00% June 1, 2037	2.0%
Bank of Nova Scotia	1.5%
Royal Bank of Canada	1.3%
Toronto-Dominion Bank	1.2%
Alimentation Couche-Tard Inc.	1.2%
Cemex Finance LLC 9.375% October 12, 2022	1.1%
Sherritt International Corp. 7.50% September 24, 2020	1.0%
Cameco Corp. 5.67% September 2, 2019	1.0%
Rogers Communications Inc. 4.70% September 29, 2020	1.0%

Percentage Total 13.6%

SECTOR ALLOCATION (EQUITIES)¤

Financials	34.2%
Energy	15.0%
Consumer Staples	14.6%
Information Technology	9.1%
Materials	7.8%
Industrials	7.7%
Health Care	4.5%
Consumer Discretionary	3.4%
Utilities	2.6%
Telecommunication Services	1.2%

Growth of $10,000

	INVESTED MARCH 31, 2003

ASSET MIX

Fixed Income		73.9%
	Canadian Fixed Income	37.8%
	U.S. Fixed Income	29.9%
	International Fixed Income	6.3%
Equity		24.3%
	Canadian Equity	16.3%
	U.S. Equity	7.0%
	International Equity	1.1%
Cash & Cash Equivalents		1.7%

Fund Overview

Fund Type

Fund type:	Global balanced
Fund start date:	March 31, 2003
Performance start date:	March 31, 2003
Lead manager start date:	March 2003
Total net assets:	$349.6 million
MER˜:	2.75%

Risk profile:

LOW

MEDIUM

HIGH

FUND CODES

	FE	DSC	LL	F	Q
C$	9643	9640	9647	6390	1205

Risk Management

RISK MEASUREMENTS

Fund	3-Yr	5-Yr
STANDARD DEVIATION	5.49%	14.50%
SHARPE RATIO	0.85	0.23
BETA	1.06	1.60

Peer	3-Yr	5-Yr
STANDARD DEVIATION	3.70%	6.72%
SHARPE RATIO	1.43	0.56
BETA	0.74	0.86

Risk Return

Related & Regulatory Documents

Please refer to AGF.com for distribution information. ˜MER as of September 30, 2012. ¹ The distribution is not guaranteed and may be adjusted from time to time at the discretion of the fund manager. Distributions are not guaranteed and may vary from month to month. Amount shown, if any, is the current month-end distribution. ¤ Cash is not included.

*On August 12, 2009, unitholders approved a change in the investment objective increasing the portfolio’s diversification to include high-yielding and dividend-paying securities.

The Fund was renamed from Acuity Diversified Income Fund, effective April 19, 2012.