Performance

Print Friendly Pender Balanced Fund Fact Sheet
Portfolio Information

	Class A	Class F
Net Asset Value⁽¹⁾	$10.08	$10.12
Portfolio Yield	3.78%	3.78%

_{Note 1: As of January31, 2012}

Returns (%)

	1 Month	3 Month	6 Month	1 Year	YTD	Since Inception⁽²⁾
Class A	1.70	2.22	1.34	1.35	1.70	2.90
Class F	1.79	2.47	1.84	2.36	1.79	3.91

Distributions per Unit ($)

	Q4 2010	Q1 2011	Q2 2011	Q3 2011	Q4 2011	Since Inception⁽²⁾
Class A	0.06	0.06	0.04	0.05	0.05	0.21
Class F	0.06	0.08	0.07	0.07	0.06	0.28

_{Note 2: Inception date is November 24, 2010}

Growth of $10,000 Since Inception

_{* Since inception date of November 24, 2010. Benchmark is a blend: 50% DEX Universe Bond Index; 35% S&P/TSX Capped Composite Total Return Index; 15% S&P500 Total Return Index (in $CDN)}

Please note that the indicated rates of return are the historical annual compounded total returns including changes in net asset value and assumes reinvestment of all distributions and are net of all management and administrative fees, but do not take into account sales, redemption or optional charges or income taxes payable by any security holder that would have reduced returns.

Our Mutual Funds

PBF NAV Price/Unit

February 22, 2012

Class A: $10.23

Class F: $10.27