The Globe and Mail

Returns as at April 30, 2013

*BMO Nesbitt Burns Cdn Small Cap Index

Growth of $10,000

Risk Measures as at April 30, 2013

Best/Worst 12 months (since inception)

Best (ending Dec 12):	-8.12
Worst (ending Feb 13):	-15.73

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

Low  High

Fund Objectives

The objective of the Fund is to achieve long-term capital growth. It seeks a similar return to its underlying fund, Sprott Small Cap Equity Fund, by investing substantially all of its assets in securities of that fund. The underlying fund invests primarily in small capitalization equity and equity-related securities listed in Canada, with some exposure to global small capitalization equities.

Fund Facts

Globe 5-Star Rating:

RRSP Eligible:

Canadian

Min. Invest (initial):

$1,000

Subsequent:

$100

Min. Invest (initial RRSP):

$1,000

Subsequent RRSP:

$100

Closed:

No

Restricted:

No

Restriction:

 

 

Top Holdings as at December 31, 2012

Symbol	Company Name	Sector	Geographic Area	Asset Type	% of Total Assets		Performance as at May 17, 2013 1 Year Performance (%)
HCG-T	Home Capital Group	Finance and Leasing	Canada	Stock	5.61		25.06
AYA-X	Amaya Gaming Group Inc.	Computer Software & Processing	Canada	Stock	4.38		71.02
WIN-T	Wi-Lan Inc.	Telecommunications	Canada	Stock	4.17		-2.67
MND-T	Mandalay Resources Corp	Metal Mines	Canada	Stock	4.03		28.36
MMT-X	Mart Resources Inc	Oil and Gas Producers	Canada	Stock	3.33		60.67
RPL-X	Renegade Petroleum	Oil and Gas Producers	Canada	Stock	2.87		-59.2
GLN-T	Glentel Inc.	Electrical & Electronic	Canada	Stock	2.72		40.97
PPY-X	Painted Pony Petroleum	Oil and Gas Producers	Canada	Stock	2.55		25.13
INA-X	Iona Energy Inc.	Oil and Gas Producers	Canada	Stock	2.46		30.43
DII.B-T	Dorel Industries	Misc. Consumer Products	Canada	Stock	2.33		49.27

Portfolio Manager(s)

Allan Jacobs, Sr. Prt Mgr, Dir SmCap Inv

Sprott Asset Management LP

Start Date: October, 2011

Fund Return: 0.01%

Allan Jacobs joined SAM in August 2007 as a Director of Small Cap Investments with focus on the Sprott Small Cap Funds. Prior to joining SAM, Allan was head of Canadian Small Cap equities at Sceptre Investment Counsel, a field he has specialized in for the past eighteen years. He was also the Portfolio Manager of the Sceptre Equity Growth Fund, as well as Portfolio Manager of the Sceptre Canadian Equity Small Cap Pooled Fund and the Canadian small cap component of all other institutional portfolios. He managed the Sceptre Small Cap Opportunities Fund (a hedge fund), which was launched on January 31, 2007 (now called the Sprott Small Cap Hedge Fund). He was an integral part of the Canadian Equity team at Sceptre since 1993 and was appointed a Managing Director of Sceptre in 1996. Allan was acknowledged for his achievements at Sceptre on several occasions. The Sceptre Equity Growth Fund was recently awarded the Best Canadian Small Cap Fund over one, three, five and ten year periods at the 2007 Canadian Lipper Fund Awards. The Sceptre Equity Growth Fund was also a finalist for the 2006 Small Capitalization Equity Fund of the Year and was chosen Canadian Equity Fund of the Year in 2005. Furthermore, Allan was chosen the 2006 Fund Manager of the Year at the Canadian Investment Awards. The Small Capitalization Canadian Equity Pooled Fund, also managed by Allan, was awarded Canadian Small Cap Pooled Fund of the Year. The experience he brought to Sceptre in 1993 included his Chartered Accountant designation, his management of the largest equity fund in South Africa (a $5 billion fund for Old Mutual) and his four years at Canada Life Investment Management Limited as the portfolio manager of Small Cap Canadian equities.

Also manages:Sprott 2012 Flow-Through LP, Sprott Canadian Equity, Sprott Cdn Equity Class Series A, Sprott Small Cap Hedge

View fund manager performance report

Peter Imhof, Investment Strategist

Sprott Asset Management LP

Start Date: October, 2011

Fund Return: 0.01%

Peter Imhof joined SAM in August 2007 as an Investment Strategist and member of the small cap team. Together with Allan Jacobs, Peter�s focus will be the new Sprott Small Cap Funds. Prior to joining SAM, Peter worked at Sceptre Investment Counsel as a member of the Canadian Equity Small Cap Team and was appointed a Managing Director in December 2006. Peter was a significant contributor to the award winning management team of the Sceptre Equity Growth Fund and the Small Capitalization Canadian Equity Pooled Fund. He began his investment career at Sceptre in March 1998. From 1998 to 2000 he was involved in quantitative analysis and portfolio construction in Canadian Equities.

Also manages:Sprott Small Cap Hedge

View fund manager performance report