Pinnacle Canadian Value Equity Fund Summary of Investment Portfolio as at September 30, 2010
Top 25 Holdings Sector Mix % of Net Assets Financials 30.4 % of Energy 25.8 Net Assets Materials 18.6 1. Royal Bank of Canada 8.0 Industrials 8.7 2. Toronto-Dominion Bank, The 7.4 Telecommunication Services 7.8 3. Barrick Gold Corporation 6.6 Consumer Discretionary 4.1 4. Suncor Energy, Inc. 6.6 Information Technology 2.2 5. Bank of Nova Scotia, The 6.6 Consumer Staples 2.1 6. Canadian Imperial Bank of Commerce 5.7 Cash, other assets and 0.3 7. Agrium Inc. 5.1 liabilities 8. Canadian Natural Resources Ltd. 4.6 9. Talisman Energy Inc. 3.7 10. Rogers Communications, Inc., Class B 3.5 11. Telus Corporation Non-Voting 3.5 12. Canadian National Railway Company 3.3 13. Potash Corporation of Saskatchewan Inc. 3.2 14. Sherritt International Corporation 2.8 15. EnCana Corporation 2.7 16. Manulife Financial Corporation 2.6 17. Nexen Inc. 2.6 18. Cenovus Energy Inc. 2.6 19. Methanex Corporation 2.3 20. Research In Motion Limited 2.2 21. RONA inc. 1.4 22. Canadian Pacific Railway Limited 1.3 23 Cameco Corporation 1.3 24. Russel Metals Inc. 1.3 25. Maple Leaf Foods Inc. 1.2
Total 92.1
Class A Total Net Assets – $105,990,638.60 Class F Total Net Assets – $345,445.26
The Summary of Investment Portfolio may change due to the Fund’s ongoing transactions. Updates are available quarterly at www.scotiabank.com/pinnaclefunds
The Pinnacle Funds are offered and managed by Scotia Asset Management L.P., a limited partnership wholly-owned directly and indirectly by The Bank of Nova Scotia. Important information about the Pinnacle Funds is contained in their simplified prospectus. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated.
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