North Growth Management Canadian Equity Fund Results in Canadian Dollars
Current Performance As of November 20, 2008 Current Price $5.4370 Daily Change -$0.2510 1 Day -4.41% 7 Day -11.28% Month to Date -17.01% 30 Day -18.76% Year to Date -51.66%	Long Term Performance Returns as of October 31, 2008   NGM Canadian Equity TSX One Month -16.65% -16.67% Three Month -31.12% -27.61% Six Month -40.32% -28.92% One Year -46.59% -31.35% Three Year -16.39% 0.47% Five Year -7.63% 7.01% Ten Year N/A N/A Return Since Inception -2.76% 0.28% Years Since Inception 8.17 8.17 Volatility * 0.80% 0.88% * The 3 year average daily percentage change

Current Performance As of November 20, 2008 Current Price $5.4370 Daily Change -$0.2510 1 Day -4.41% 7 Day -11.28% Month to Date -17.01% 30 Day -18.76% Year to Date -51.66%	Long Term Performance Returns as of October 31, 2008   NGM Canadian Equity TSX One Month -4.33% Three Month -7.92% Six Month -15.28% One Year -21.94% Three Year -6.29% Five Year -1.42% Ten Year 7.76% Return Since Inception 11.53% Years Since Inception 16.05 Volatility * 0.92% * The 3 year average daily percentage change