Offshore Mutual Funds : J&T Funds - Class CC

SELECT A FUND:

CANADIAN CORE EQUITY (CLASS CC)

As at March 31, 2010

Investment Objective
The Funds seeks to maximize long-term total return through prudent selection of Canadian equities. The Fund strives to exceed the S&P/TSX Composite Index over 4-year rolling periods.

The Sub-Advisor
PCJ Investment Counsel Ltd. (PCJ) is a Toronto-based investment counseling firm that specializes in Canadian equity management. The firm was founded in 1996 and manages in excess of $2 billion¹ for a range of clients. PCJ believes earnings growth ultimately drives stock price appreciation. Through fundamental analysis and management interviews, PCJ identifies catalysts that may create inflection points for stock revaluation. PCJ is a boutique firm within the Connor, Clark & Lunn Financial Group, who manage approximately $35 billion through its affiliated investment management firms.

Top Ten Holdings
STOCK	% PORTFOLIO
Royal Bank of Canada	7.50
Toronto-Dominion Bank	6.40
Bank of Nova Scotia	6.10
Suncorp Energy Inc.	5.60
Canadian Imperial Bank of Commerce	4.20
Manulife Financial Corp.	4.00
Research In Motion	3.80
Canadian Natural Resources Ltd	3.80
Barrick Gold Corp.	3.70
EnCana Corp	3.50

Sector Allocation
SECTOR	% PORTFOLIO
Financials	33.1
Energy	26.6
Materials	21.5
Industrials	4.7
Consumer Discretionary	4.6
Information Technology	4.6
Telecommunication Services	3.0
Consumer Staples	1.2
Cash	1.1

Note: The underlying data has been obtained from sources considered to be reliable but its accuracy and completeness cannot be assured. This evaluation is for informational purposes only and is not intended to be an offer, solicitation, or recommendation with respect to the purchase or sale of any security or a recommendation of the services supplied by any money management organization. Past performance is not a guarantee of future results.
* The Annual Return represents the gross yield of the model portfolio for the stated Sub-Advisor.
¹ AUM as of December 31, 2009.

Lauriston House, Lower Collymore Rock
St. Michael, Barbados West Indies BB11000

TollFree: Tel 1.866.376.6230