Offshore Mutual Funds : Integris Funds - Class R

SELECT A FUND:

GLOBAL FIXED INCOME (CLASS R)

As at June 30, 2008

Investment Objective
The Fund aims to provide income and to protect and maximize the real asset value of its investments in terms of their international purchasing power by management and diversification of currency exposure and investment in fixed interest bearing securities of varying maturities. The fund invests in high quality government and corporate bonds predominantly denominated in US$, Yen, Sterling and Euro.

The Sub-Advisor
Brandywine Asset Management currently manages assets in excess of $47 billion on behalf of private investors, corporations and other institutions.

Top Ten Holdings
BOND	% PORTFOLIO
New South Wales Treasury Corp 5.50% 03/01/17	6.41
Poland Gov’t Bond 5.30% 10/25/17	5.54
Singapore Gov’t Bond 2.60% 04/01/10	5.05
Sweden Gov’t Bond 4.00% 12/01/09	4.64
Queensland Treasury Corp 6.00% 10/14/15	3.90
Malaysia Gov’t Bond 3.80% 04/28/11	3.88
South Africa Gov’t Bond 13.00% 08/31/10	3.58
United Kingdom Gilt 4.80% 09/07/15	3.45
Canada Gov’t Bond 6.00% 06/01/11	3.29
United Kingdom Gilt 4.00% 09/07/16	3.13

Sector Allocation
COUNTRY	% PORTFOLIO
United States	42.8
Other	15.3
Australia	12.2
Malaysia	6.7
United Kingdom	6.6
Singapore	6.3
Poland	5.5
Sweden	4.6

Portfolio Characteristics
Mod Duration		5.62
Avg Yield		5.58%
Risk Level		Low/Med

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.

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

TollFree: Tel 1.866.376.6230