The fund is designed to take advantage of the strength and tradition of the European Community. By using a combination of Canadian T-Bills and money market instruments, plus stock index futures contracts and other derivative securities from the European Community, European equity performance is attained in Canadian dollars. Full RRSP eligibility is also maintained and there is no currency conversion risk, as there is in many other international equity funds. This method of replicating stock index performance in Canadian dollars is gaining wide acceptance by many Canadian pension and mutual funds due to its liquidity and low cost. The cost of running a fund using derivatives is minimized with the use of futures contracts, since these are less expensive to acquire than the actual stocks.

Advisor Company:
Transamerica Life Canada

	1 year	3 years	5 years	10 years
Alpha*	-0.08	-3.14	-1.83	-1.47
Beta*	0.78	0.86	0.90	0.82
Mean annual return	1.32	0.37	-0.14	0.36
R-squared*	84.95	86.66	83.18	70.17
Standard deviation	11.11	14.39	17.65	14.51
Sharpe ratio	1.33	0.25	-0.15	0.15
* Against standard index