Bayshore
 
SELECT A FUND:
EMERGING MARKETS (CLASS V) Download PDF
As at March 31, 2008

Investment Objective
The Fund seeks to outperform the MSCI Emerging Markets Free Index over a full market cycle while maintaining below benchmark risk. The Fund seeks long-term capital appreciation by investing in companies operating in the emerging markets or whose shares are listed on the stock markets of such countries.

The Sub-Advisor
Newgate LLP, formerly Newgate Management Associates, has been a global emerging market manager since its inception in 1982. Newgate manages approximately $5.5 billion for private and institutional clients worldwide.

Top Ten Holdings
STOCK % PORTFOLIO
Gazprom Oao Spons Adr 6.9
Petroleo Brasileiro Sa Adr 5.2
Samsung Electrs Ltd Gdr 4.8
China Mobile Ltd 4.4
Kookmin Bank Spon Adr 3.4
Companhia Vale Di Rio Adr 3.4
Shinhan Financial Grp Co 3.3
America Movil S.a.b De Cv 3.2
Hon Hai Precision 3.0
Reliance Inds Ltd Global 2.3
 
Sector Allocation
SECTOR % PORTFOLIO
Energy 22.0
Telecommunication 15.6
Financials 13.0
Materials 12.7
Miscellaneous Equity 12.4
Consumer Discretionary 5.1
Information Technology 4.9
Market Index Security 4.8
Other 3.3
Utilities 2.9
Closed End Funds 1.8
 
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.
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