Offshore Mutual Funds : J&T Funds - Class CI

SELECT A FUND:

CANADIAN FIXED INCOME FUND (CLASS CI)

As at March 31, 2010

Investment Objective
The Funds’ investment approach combines fundamentally-driven, subjective forecasts of the key factors driving bond market returns with a rigorous portfolio construction process to meet client risk and return objectives. The manager believes that the markets deviate from fundamentals, allowing a value-driven approach to generate superior returns over a long-term investment horizon.

The Sub-Advisor
Baker Gilmore is a member of the Connor, Clark & Lunn Financial Group (CC&L Financial Group), one of the largest independent investment management groups in Canada, with assets under management of over $35 billion. Founded in 1988 and based in Montreal, Baker Gilmore & Associates Inc. is a privately held investment management firm, which has grown to be one of the largest specialty fixed income managers in Canada with over $3.6 billion in assets under management.

Portfolio Characteristics
Current Yield	3.1%
Duration	4.9yrs
Average Maturity	8.6yrs
Average Coupon	4%



Maturity Distribution
Under 1 Year	4.0%
1-5 Years	53.2%
5-10 Years	23.1%
10-20 Years	4.0%
Over 20 Years	15.7%

Sector Allocation
SECTOR	% PORTFOLIO
Sovereign	48.8
Supranationals	22.7
Corporate	13.7
ABS	10.8
Provincials	4.0

Bond Quality
RATING		% PORTFOLIO
AAA		66.52
AA		20.19
A		13.29

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.
* Return represents the fund's actual return net of all monthly fees and expenses. All other annual returns represent the gross yield of the model portfolio for the stated Sub-Advisor.

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

TollFree: Tel 1.866.376.6230