The Globe and Mail

Returns as at July 31, 2010

*S&P/TSX Total Return

Growth of $10,000

Risk Measures as at July 31, 2010

Best/Worst 12 months (since inception)

Best (ending Mar 10):	30.48
Worst (ending Feb 09):	-28.22

Volatility meter (Based on 3 year standard deviation from Globefund.com)

Low  High

Fund Objectives

Dynamic Dividend Fund seeks to maximize dividend income through investment primarily in preferred and equity securities of Canadian companies.

Fund Facts

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

$500

Subsequent:

$100

Min. Invest (initial RRSP):

$500

Subsequent RRSP:

$100

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at May 31, 2010

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at September 3, 2010 1 Year Performance (%)
	Bank of Nova Scotia, 0.05%, MAY/01/09			Bond	10.17		-
	Royal Bank of Canada, 0.20%, FEB/01/10			Bond	8.62		-
TD-T	TD Bank	Banks	Canada	Stock	4.34		12.81
BNS-T	Bank of Nova Scotia	Banks	Canada	Stock	4.2		19.8
RY-T	Royal Bank of Canada	Banks	Canada	Stock	3.56		-5.36
ABB-N	ABB Ltd.	Transportation Equip. & Compnts	Switzerland	Stock	2.8		8.46
SNC-T	SNC-Lavalin Group	Contractors	Canada	Stock	2.71		9.4
SU-T	Suncor Energy	Integrated Oils	Canada	Stock	2.47		2.57
MSFT-Q	Microsoft	Computer Software & Processing	United States	Stock	2.45		0.75
BCE-T	BCE Inc.	Telephone Utilities	Canada	Stock	2.4		22.64

Distribution Report (18 months up to September 3, 2010)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Annually

Portfolio Manager(s)

Oscar Belaiche, HBA, FICB, CFA

Goodman & Company, Investment Counsel Ltd.

Start Date: July, 2000

Fund Return: 7.58%

Oscar Belaiche is a Portfolio Manager and a Vice President at Dynamic's investment arm, Goodman & Company, Investment Counsel. Mr. Belaiche joined Dynamic in 1997 where he manages three pools of assets which include income trusts, dividend paying securities and real estate securities on a global basis. Mr. Belaiche is a veteran of the real estate and investment industries. Prior to joining Dynamic he spent seven years at The Prudential Insurance Company of America, where he rose to the position of Vice President of Property Investments. In this role, he was responsible for their Canadian investment portfolio of 43 commercial properties totaling 5.6 million square feet. Mr. Belaiche brings to the Dynamic team 25 years of business, operational and investment experience as a money manager, asset manager, developer and corporate banker. He is lead manager of the Dynamic Dividend Income Fund, Dynamic Dividend Fund, Dynamic Focus+ Diversified Income Trust Fund, Dynamic Focus+ Energy Income Trust Fund, Dynamic Focus+ Small Business Fund and Dynamic Focus+ Real Estate Fund. Oscar also co-manages closed-end funds diversiTrust(tm) Income Fund (DTF.UN), divesiTrust(tm) Stable Income Fund (DTS.UN) and diversiTrust(tm) Income+ Fund (DTP.UN). He is co-manager of diversiYield(tm) Income Fund (DYI.UN) with Barry Allan of Marret Asset Management. Mr. Belaiche graduated in 1980 with an Honours B.A. in Business Administration from the University of Western Ontario. He has his Chartered Financial Analyst designation and is a Fellow of the Institute of Canadian Bankers.

Also manages:Dynamic Dividend Income, Dynamic Energy Income, Dynamic Equity Income, Dynamic Global Energy Class, Dynamic Global Infrastructure, Dynamic Global Real Estate, Dynamic Income Opportunities, Dynamic Real Estate & Infra Income, Dynamic Small Business, Dynamic Strategic Yield, Dynamic Strategic Yield Class-A

View fund manager performance report

Jason Gibbs, BAcc., CA, CFA

Goodman & Company, Investment Counsel Ltd.

Start Date: March, 2007

Fund Return: -1.97%

In 2002, Jason Gibbs joined Goodman & Company, Investment Counsel as an analyst. He is a key member of the award-winning equity income team, which manages over $4 billion in assets and is led by portfolio manager Oscar Belaiche. Jason undertakes detailed financial analysis to find attractive opportunities in income trusts, dividend paying equities and infrastructure companies. In 2007 he became co-manager of Dynamic Dividend Fund and Dynamic Focus+ Small Business Fund and lead manager of Dynamic Global Infrastructure Fund. Jason began with Dynamic in 2000 as a manager of fund valuation services. Prior to this role, he was a senior manager of fund valuation at Canada Trust and an auditor with Deloitte and Touche. Jason received his Bachelor of Accounting from Brock University. He also holds the Chartered Accountant and Chartered Financial Analyst designations.

Also manages:Dynamic Global Infrastructure, Dynamic Real Estate & Infra Income, Dynamic Small Business

View fund manager performance report