The fund seeks to produce high interest income while maintaining safety of principal and liquidity by investing in high quality short-term debt securities of Canadian governments and companies, such as treasury bills, bankers' acceptances of major banks and commercial paper. In order to achieve the fund's objective, the portfolio manager: i) analyzes the yield curve to identify securities offering good relative value ii) invests in a number of different issuers in order to reduce credit risk iii) invests only in securities rated R1 or A or better by Dominion Bond Rating Service or the equivalent ratings used by other rating agencies iv) maintains an average term to maturity of less than 90 days, although this term is adjusted from time to time to take advantage of actual and anticipated changes in interest rates.

Advisor Company:
Seamark Asset Management Ltd.

	1 year	3 years	5 years	10 years
Alpha*	-	-	-	-
Beta*	-	-	-	-
Mean annual return	0.07	0.06	0.07	-
R-squared*	-	-	-	-
Standard deviation	0.12	0.15	0.30	-
Sharpe ratio	-0.71	-0.99	-0.43	-
* Against standard index

Security	Net Assets
CIBC FRN	8.02%
Master Asset Veh Iii FRN	0.27%
Master Asset Veh Iii FRN	0.08%