The Globe and Mail

Returns as at April 30, 2013

	Fund	Group Avg	Index*
1 Month	0.81%	1.13%	1.13%
3 Months	1.44%	2.12%	2.15%
6 Months	3.43%	4.65%	4.66%
1 Year	9.33%	9.29%	9.33%
2 Year Avg	7.18%	6.60%	6.30%
3 Year Avg	-	7.54%	7.05%
4 Year Avg	-	11.53%	11.18%
5 Year Avg	-	6.86%	6.55%
10 Year Avg	-	5.19%	5.47%
15 Year Avg	-	4.57%	4.36%
20 Year Avg	-	6.63%	-
Since Inception	4.84%	-	-
2012	13.07%	11.26%	11.05%
2011	-0.20%	2.81%	2.12%
2010	-	10.72%	10.16%
3 year risk	-	5.43	4.26
3 year beta	-	1.07	1.00

*Globe High Yield Fixed Income Peer Index

Growth of $10,000

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US Salomon Corp Bonds - US ($ Cdn) U.S. 30-Day Treasury Bills U.S. 30-Day Treasury Bills ($ Cdn) U.S. 91-Day Treasury Bills US 30-Day Money Market Yield Index US 30-Day Money Market Yield Index($Cdn) Wilshire 5000 ($ Cdn) Time period: Start date

Start Month: JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember Start Year: 2010201120122013

End date

End Month: JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember End Year: 2013201220112010

Risk Measures as at April 30, 2013

Best/Worst 12 months (since inception)

Best (ending Dec 12):	13.07
Worst (ending Nov 11):	-2.87

Volatility meter (Based on 2 year standard deviation from GlobeInvestor.com)

Low  High

Fund Objectives

The Fund's objective is to maximize total returns by investing primarily in fixed income securities of emerging market issuers. Any change to the fundamental investment objectives must be approved by a majority of votes cast at a meeting of securityholders called for that purpose.

Fund Facts

Fund Sponsor:	AGF Investments Inc.
Managed by:	AGF Investments Inc.
Fund Type:	MF Trust
Inception Date:	November 2010
Asset Class:	High Yield Fixed Income
Quartile Rank:	- (3YR ending April 30, 2013)
Total Assets:	N/A
Mgmt Exp. Ratio (MER):	1.87%
Management Fee:	1.50%
Load Type:	Optional

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

$500

Subsequent:

$25

Min. Invest (initial RRSP):

$500

Subsequent RRSP:

$25

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at March 31, 2013

Distribution Report (18 months up to May 17, 2013)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: None

Date	Income Dividend	Capital Gain	Total (Current Period)	Trailing 12-Months Total	Reinvestment Price
Apr 30, 2013	0.0319		0.0319	0.3622	10.260
Mar 28, 2013	0.0319		0.0319	0.3627	10.210
Jan 31, 2013	0.0293		0.0293	0.4143	10.177
Dec 21, 2012	0.0467		0.0467	0.4261	10.150
Nov 30, 2012	0.0336		0.0336	0.3878	10.090
Oct 31, 2012	0.0358		0.0358	0.3610	10.090
Sep 28, 2012	0.0327		0.0327	0.3354	9.890
Aug 31, 2012	0.0342		0.0342	0.3241	9.780
Jul 31, 2012	0.0191		0.0191	0.3248	9.930
Jun 29, 2012	0.0328		0.0328	0.3436	9.870
May 31, 2012	0.0342		0.0342	0.3516	9.760
Apr 30, 2012	0.0324		0.0324	0.3586	9.730
Mar 30, 2012	0.0392		0.0392	0.3741	9.800
Feb 29, 2012	0.0442		0.0442	0.3692	9.790
Jan 31, 2012	0.0411		0.0411	0.3529	9.740
Dec 23, 2011	0.0084		0.0084	0.3321	9.450
Nov 30, 2011	0.0068		0.0068	0.3436	9.410

Portfolio Manager(s)

Jean Charbonneau, MBA

AGF Investments Inc.

Start Date: November, 2010

Fund Return: 4.84%

Jean Charbonneau is a seasoned fixed-income manager with more than 25 years of industry experience. Jean joined AGF's award-winning fixed-income team in 2006 as Senior Vice-President and Portfolio Manager. He is lead manager on AGF Global Government Bond Fund and co-manager on AGF Canadian Bond Fund. Since his arrival at AGF, Jean has been instrumental in defining a framework for bond investing that exploits duration, currency, yield curve and credit management to achieve superior results. Although Jean contributes to the general management of all the fixed-income mandates, he specializes in duration management, country mix strategy and emerging market bonds within the team. Jean has extensive experience managing international fixed-income assets for retail and institutional mandates. His experience in the international bond market includes various roles as trader, chief strategist and institutional sales. Jean has also managed retail bond funds throughout his career for a leading investment firm and managed all international fixed-income assets for La Caisse de D�p�t et Placement du Qu�bec. Jean earned a Masters of Business Administration from the University of Sherbrooke and a Bachelor of Commerce (Finance) degree from the University of Ottawa.

Also manages:AGF Canadian Bond, AGF Equity Income Focus, AGF Global Aggregate Bond, AGF Global Government Bond, AGF Income Focus, AGF Inflation Focus, AGF World Balanced, Harmony Global Fixed Income Pool

View fund manager performance report

Tom Nakamura, CFA

AGF Investments Inc.

Start Date: November, 2010

Fund Return: 4.84%

Tom is a Portfolio Manager at AGF with 9 years of industry experience. Tom is a fixed-income generalist; but within the team, he is responsible for currency management, global high-yield corporate bonds and emerging market sovereign bonds (locally and externally-denominated). Tom has spent his entire investment career at Placements AGF Inc., which he joined in 1998 as an analyst in the Fund Analytics department. In 2000, he was given responsibility to develop procedures and analyze trading and cash management for AGF�s dedicated institutional portfolios. In 2002, he joined the fixed-income team to provide analysis on global fixed-income markets. As an analyst, his responsibilities included credit analysis of investment-grade and high-yield bonds, both domestic and international issues, monitoring of the fixed-income portfolios and their asset allocation and contributing to currency strategy decisions. Tom earned a Bachelor of Commerce at the University of Toronto. He is a member of the Toronto CFA Society and the CFA Institute.

Also manages:AGF Canadian Bond, AGF Canadian Money Market Account, AGF Dollar Cost Averaging, AGF Global Aggregate Bond, AGF Global Government Bond, AGF High Yield Bond, AGF Inflation Plus Bond, AGF Monthly High Income, AGF Short Term Income Class, AGF Total Return Bond, AGF Traditional Balanced, AGF World Balanced

View fund manager performance report

Tristan Sones, CFA

AGF Investments Inc.

Start Date: November, 2010

Fund Return: 4.84%

Tristan is Vice-President and Portfolio Manager at AGF with 15 years of industry experience. As one of the principal members of the award-winning AGF fixed income team, he is responsible for the co-management of domestic and global fixed-income mandates. He is the lead portfolio manager of AGF Global High Yield Bond Fund, AGF Canadian High Yield Bond Fund and AGF Canadian Bond Fund. With a particular focus on credit, Tristan contributes to the team�s analysis of the global macroeconomic landscape, with specific emphasis on global investment grade and non-investment grade debt, as well as U.S. dollar, euro and local currency denominated emerging market debt. Tristan developed his fixed-income expertise by specializing in short-term bonds, money market securities and preferred shares. He joined AGF in 1993 and co-developed a personal financial risk-modeling application for AGF. In 1996, Tristan joined the investment management team as a fixed income analyst and has held positions of greater responsibility over time. Tristan earned an Honours BA in Mathematics from the University of Waterloo, holds the Chartered Financial Analyst designation and is member of the Toronto CFA Society.

Also manages:AGF Canadian Bond, AGF Canadian Money Market Account, AGF Dollar Cost Averaging, AGF Global Government Bond, AGF High Yield Bond, AGF Inflation Plus Bond, AGF Monthly High Income, AGF Short Term Income Class, AGF Total Return Bond, AGF Traditional Balanced, Harmony Global Fixed Income Pool, Primerica Canadian Money Market

View fund manager performance report