TMFG Portfolio Xray I30X
This presentation has been prepared by Assante Capital Management, with the assistance of Dimensional Fund Advisors Canada ULC, manager of the Dimensional Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The returns and other characteristics in this presentation are based on performance of actual funds in the model portfolio. Model performance shown includes reinvestment of dividends, capital gains distributions, and other earnings but does not reflect the deduction of investment advisory fees or other expenses. To obtain current month end performance information for the Dimensional funds please visit www.dimensional.com. Indexes are not available for direct investment, and their performance does not reflect the expenses associated with the management of an actual portfolio. All data is in Canadian dollars and net of fund MERs for Class F units.
Prepared by:
Rob McClellandAssante Capital ManagementMarch 31, 2014
2
Overall Asset Allocation
Currency Exposure as of March 31, 2014. This page sets forth the asset allocation and approximate currency exposure of the portfolio securities held by the funds set forth on page 9, assuming a hypothetical portfolio with the target weights set forth therein. Global Real Estate Allocation does not include REITs in the hedged and unhedged classes of the Canadian, US, and International core funds (see page 9). The returns and other characteristics in this presentation are based on a hypothetical portfolio holding such funds. Target weights have been provided by Assante Capital Management. Model performance shown includes reinvestment of dividends, capital gains distributions, and other earnings but does not reflect the deduction of investment advisory fees or other expenses. Past performance does not guarantee future results and principal value will fluctuate so that an investor’s units, when redeemed, may be worth more or less than their original cost. Indexes are not available for direct investment, and their performance does not reflect the expenses associated with the management of an actual portfolio. All data is in Canadian dollars and net of fund MERs for Class F units.
March 31, 2014
Asset Class# of
Countries# of
Holdings Allocation
Global Fixed Income 5 254 30.0%
Canadian Equity 1 499 24.0%
US Equity 1 2437 18.0%
International Equity 21 3391 13.7%
Emerging Market Equity 22 1841 4.3%
Global Real Estate 17 301 10.0%
TOTAL 8723 100%
ApproximateCurrency Exposure
CAD 54%
USD 24%
Other 22%UnitedStates
Weighted Average Management Expense Ratio
.47%
Performance
Q1 1 Year 3 Year 5 Year
5.23% 15.03% N/A N/A
Equity Allocation by Country
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This page sets forth the geographic location of issuers of the portfolio securities held by the funds set forth on page 9, assuming a hypothetical portfolio with the target weights set forth therein. The returns and other characteristics in this presentation are based on a hypothetical portfolio holding such funds. Target weights have been provided by Assante Capital Management. Model performance shown includes reinvestment of dividends, capital gains distributions, and other earnings but does not reflect the deduction of investment advisory fees or other expenses. Country weights include REITs in the hedged and unhedged classes of the Canadian, US, and International core funds. Past performance does not guarantee future results and principal value will fluctuate so that an investor’s units, when redeemed, may be worth more or less than their original cost. All data is in Canadian dollars and net of fund MERs for Class F units.
March 31, 2014
Global Diversification Country Weights
AFRICA0%
MIDDLEEAST0%
CANADA40%
LATIN AMERICA1%
EUROPE15%
ASIA PACIFIC13%
UNITED STATES
30%
International (%) 22.9Australia 1.7Austria 0.1Belgium 0.3Denmark 0.3Finland 0.4France 2.0Germany 1.7Hong Kong 0.7Ireland 0.1Israel 0.2Italy 0.7Japan 4.9Netherlands 0.7New Zealand 0.1Norway 0.3Portugal 0.1Singapore 0.4Spain 0.8Sweden 0.8Switzerland 1.9United Kingdom 4.9
Emerging Mkts (%) 7.1Brazil 0.7Chile 0.1China (Local) 1.4Colombia 0.0Czech Republic 0.0Egypt 0.0Greece 0.1Hungary 0.0India 0.5Indonesia 0.2Malaysia 0.3Malta 0.0Mexico 0.4Peru 0.0Philippines 0.1Poland 0.1Russia 0.2South Africa 0.5South Korea 1.2Taiwan 1.0Thailand 0.2Turkey 0.1
North America (%) 70.0United States 30.0Canada 40.0
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Canadian Equity Allocation
This page sets forth the sector and size and style (growth, neutral, or value) weights of the portfolio securities held by the Canadian Equity funds set forth on page 9 as compared to the index, assuming a hypothetical portfolio with the target weights set forth therein. Equity component includes REITs in the hedged and unhedged classes of the Canadian, US, and International core funds (see page 9) but does not include allocation to the DFA Global Real Estate Securities Fund. This page also sets forth the top 20 holdings of the hypothetical portfolio as of February 28, 2014. Target weights have been provided by Assante Capital Management. Data is in Canadian dollars and net of fund MERs for Class F units. Index represents S&P/TSX Capped Index for Canadian equities. S&P/TSX data provided by S&P/TSX. Indexes are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Past performance does not guarantee future returns.
March 31, 2014
Sector Weights
SectorModel
WeightIndex
Weight–
Index+
Index
Energy 30.7 25.8
Financials 26.5 31.6
Materials 19.0 12.4
Consumer Disc 7.2 5.5
Industrials 5.6 7.8
Consumer Staples 3.2 2.8
Info Technology 2.5 1.8
Utilities 2.1 2.0
Health Care 1.5 3.2
Telecom Services 1.1 4.8
REITs 0.7 2.3
Size & Style Weights
Growth Neutral Value Total
Small6.1 9.3 16.3 31.64.0 3.6 5.9 13.4
Mid3.7 11.9 13.0 28.67.6 12.6 8.3 28.5
Large2.9 19.5 17.4 39.8
15.9 28.4 13.7 58.0
Total12.7 40.6 46.7 100.027.5 44.6 28.0 100.0
Model Portfolio
Index
Top 20 Holdings
Company Weight
SUNCOR ENERGY INC 4.6
TORONTO-DOMINION BANK 4.2
BANK OF MONTREAL 3.7
CANADIAN NATURAL RESOURCES 3.7
BANK OF NOVA SCOTIA 3.5
MANULIFE FINANCIAL CORP 3.2
ROYAL BANK OF CANADA 2.1
SUN LIFE FINANCIAL INC 1.9
GOLDCORP INC 1.9
BARRICK GOLD CORP 1.9
MAGNA INTERNATIONAL INC 1.7
FIRST QUANTUM MINERALS LTD 1.4
TECK RESOURCES LTD-CLS B 1.2
TALISMAN ENERGY INC 1.1
AGNICO EAGLE MINES LTD 1.0
TRANSCANADA CORP 1.0
CANADIAN TIRE CORP-CLASS A 1.0
YAMANA GOLD INC 0.9
FAIRFAX FINANCIAL HLDGS LTD 0.8
ELDORADO GOLD CORP 0.8
Top 20 Holdings Total 41.5
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US Equity AllocationMarch 31, 2014
Top 20 Holdings
Company Weight
EXXON MOBIL CORP 2.4
CHEVRON CORP 2.1
WELLS FARGO & CO 2.0
JPMORGAN CHASE & CO 1.9
AT&T INC 1.5
BANK OF AMERICA CORP 1.4
GENERAL ELECTRIC CO 1.4
CITIGROUP INC 1.2
PFIZER INC 1.2
APPLE INC 1.1
CONOCOPHILLIPS 0.8
VERIZON COMMUNICATIONS INC 0.7
OCCIDENTAL PETROLEUM CORP 0.7
COMCAST CORP-CLASS A 0.7
INTEL CORP 0.6
GOLDMAN SACHS GROUP INC 0.6
AMERICAN INTERNATIONAL GROUP 0.6
CVS CAREMARK CORP 0.6
CISCO SYSTEMS INC 0.6
JOHNSON & JOHNSON 0.6
Top 20 Holdings Total 22.5
Sector Weights
SectorModel
WeightIndex
Weight–
Index+
Index
Financials 23.6 14.3
Energy 14.7 9.3
Info Technology 13.3 18.2
Industrials 12.8 11.5
Consumer Disc 10.7 12.9
Health Care 9.3 13.0
Consumer Staples 5.4 8.4
Materials 5.0 3.8
Telecom Services 2.7 2.2
Utilities 1.5 3.1
REITs 1.1 3.4
Size & Style Weights
Growth Neutral Value Total
Small1.2 9.4 13.3 23.91.7 3.6 4.1 9.3
Mid1.9 10.3 13.0 25.24.9 8.5 6.6 20.0
Large3.3 20.5 27.2 50.9
16.7 34.9 19.2 70.8
Total6.4 40.2 53.5 100.0
23.2 46.9 29.9 100.0
Model Portfolio
Index
This page sets forth the sector and size and style (growth, neutral, or value) weights of the portfolio securities held by the US Equity funds set forth on page 9 as compared to the index, assuming a hypothetical portfolio with the target weights set forth therein. Equity component includes REITs in the hedged and unhedged classes of the Canadian, US, and International core funds (see page 9) but does not include allocation to the DFA Global Real Estate Securities Fund. This page also sets forth the top 20 holdings of the hypothetical portfolio as of February 28, 2014. Target weights have been provided by Assante Capital Management. Data is in Canadian dollars and net of fund MERs for Class F units. US Equity Index represented by the Russell 3000 Index. Russell data copyright © Russell Investment Group 1995-2014. Indexes are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Past performance does not guarantee future returns.
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International Equity AllocationMarch 31, 2014
Sector Weights
SectorModel
WeightIndex
Weight–
Index+
Index
Financials 29.8 24.1
Industrials 16.0 13.0
Consumer Disc 13.2 11.8
Materials 9.7 8.1
Energy 7.4 6.9
Consumer Staples 6.4 11.0
Health Care 5.5 10.4
Info Technology 5.5 4.5
Telecom Services 3.0 4.9
Utilities 2.7 3.8
REITs 0.8 1.5
Size & Style Weights
Growth Neutral Value Total
Small2.4 11.1 12.5 26.00.2 0.8 0.8 1.8
Mid3.9 13.1 10.1 27.15.9 10.8 6.5 23.2
Large2.5 22.7 21.7 46.9
18.1 37.9 18.8 74.8
Total8.8 46.9 44.3 100.0
24.2 49.5 26.2 100.0
Model Portfolio
Index
This page sets forth the sector and size and style (growth, neutral, or value) weights of the portfolio securities held by the International Equity funds set forth on page 9 as compared to the index, assuming a hypothetical portfolio with the target weights set forth therein. Equity component includes REITs in the hedged and unhedged classes of the Canadian, US, and International core funds (see page 9) but does not include allocation to the DFA Global Real Estate Securities Fund. This page also sets forth the top 20 holdings of the hypothetical portfolio as of February 28, 2014. Target weights have been provided by Assante Capital Management. Data is in Canadian dollars and net of fund MERs for Class F units. Emerging Market Equities represented by the MSCI EAFE Index (net div.). MSCI data copyright MSCI 2014, all rights reserved. Indexes are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Past performance does not guarantee future returns.
Top 20 Holdings
Company Weight
ROYAL DUTCH SHELL PLC-ADR 1.7
HSBC HOLDINGS PLC-SPONS ADR 1.5
BP PLC-SPONS ADR 1.5
NESTLE SA-REG 0.8
BNP PARIBAS 0.7
DAIMLER AG-REGISTERED SHARES 0.7
BANCO SANTANDER SA 0.7
AUST AND NZ BANKING GROUP 0.6
NATIONAL AUSTRALIA BANK LTD 0.6
NOVARTIS AG-ADR 0.6
ZURICH INSURANCE GROUP AG 0.5
NOVARTIS AG-REG 0.5
SANOFI-ADR 0.5
ALLIANZ SE-REG 0.5
SUMITOMO MITSUI FINANCIAL GR 0.5
MITSUBISHI UFJ FINANCIAL GRO 0.5
VODAFONE GROUP PLC 0.5
CREDIT SUISSE GROUP AG-REG 0.4
SWISS RE AG 0.4
SOCIETE GENERALE SA 0.4
Top 20 Holdings Total 14.1
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Emerging Market Equity AllocationMarch 31, 2014
Sector Weights
SectorModel
WeightIndex
Weight–
Index+
Index
Financials 27.6 26.4
Materials 13.0 9.4
Info Technology 12.6 16.7
Industrials 12.0 6.5
Consumer Disc 10.9 9.3
Energy 9.1 10.8
Consumer Staples 6.5 8.5
Telecom Services 2.9 6.9
Utilities 2.9 3.5
Health Care 2.1 1.7
REITs 0.3 0.4
Size & Style Weights
Growth Neutral Value Total
Small2.4 14.2 22.0 38.61.9 3.7 4.3 9.9
Mid5.2 15.3 15.1 35.69.4 15.6 11.6 36.6
Large1.8 14.9 9.2 25.9
12.4 30.6 9.5 52.5
Total9.3 44.4 46.3 100.0
23.7 49.8 25.5 100.0
Model Portfolio
Index
This page sets forth the sector and size and style (growth, neutral, or value) weights of the portfolio securities held by the International Equity funds set forth on page 9 as compared to the index, assuming a hypothetical portfolio with the target weights set forth therein. Equity component includes REITs in the hedged and unhedged classes of the Canadian, US, and International core funds (see page 9) but does not include allocation to the DFA Global Real Estate Securities Fund. This page also sets forth the top 20 holdings of the hypothetical portfolio as of February 28, 2014. Target weights have been provided by Assante Capital Management. Data is in Canadian dollars and net of fund MERs for Class F units. International Equities represented by the MSCI Emerging Markets Index (net div.). MSCI data copyright MSCI 2014, all rights reserved. Indexes are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Past performance does not guarantee future returns.
Top 20 Holdings
Company Weight
SAMSUNG ELECTRONICS CO LTD 1.5
GAZPROM OAO-SPON ADR 1.4
CHINA CONSTRUCTION BANK-H 1.2
IND & COMM BK OF CHINA-H 1.0
BANK OF CHINA LTD-H 0.8
HON HAI PRECISION INDUSTRY 0.8
HYUNDAI MOTOR CO 0.8
PETROLEO BRASILEIRO-SPON ADR 0.5
CHINA MOBILE LTD-SPON ADR 0.5
CEMEX SAB-SPONS ADR PART CER 0.5
SASOL LTD-SPONSORED ADR 0.4
HANA FINANCIAL GROUP 0.4
CHINA PETROLEUM & CHEM-ADR 0.4
ALFA S.A.B.-A 0.4
LUKOIL OAO-SPON ADR 0.4
GRUPO FINANCIERO BANORTE-O 0.4
VALE SA-SP PREF ADR 0.4
PETROLEO BRASILEIRO S.A.-ADR 0.4
BANCO BRADESCO-ADR 0.4
VALE SA-SP ADR 0.4
Top 20 Holdings Total 13.0
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Global Real Estate Component
The allocation of real estate securities in the portfolio is based on the portfolio holdings of the funds listed on page 9. Global Real Estate Allocation does not include REITs in the hedged and unhedged classes of the Canadian, US, and International core funds (see page 9). Real Estate portfolio data provided by Dimensional Fund Advisors Canada ULC as at March 31, 2014.
March 31, 2014
Canada
US
International
Emerging Markets
Country Allocation Region Weight (%) # of Holdings
United States 61.4 125
Australia 8.3 23
Japan 6.8 32
United Kingdom 6.7 18
Netherlands 4.0 6
Singapore 3.3 25
Canada 2.5 22
France 2.0 8
Hong Kong 1.8 6
South Africa 1.4 11
Belgium 0.6 10
Mexico 0.6 2
New Zealand 0.3 7
Germany 0.2 2
Italy 0.1 2
China 0.0 1
Malta 0.0 1
Total 100.0 301
Regional Allocation Top 20 Holdings
Company Weight
SIMON PROPERTY GROUP INC 5.9
UNIBAIL-RODAMCO SE 3.0
PROLOGIS INC 2.6
PUBLIC STORAGE 2.6
EQUITY RESIDENTIAL 2.4
WESTFIELD GROUP 2.4
BOSTON PROPERTIES INC 2.2
VENTAS INC 2.2
AVALONBAY COMMUNITIES INC 2.0
HCP INC 1.9
HOST HOTELS & RESORTS INC 1.9
VORNADO REALTY TRUST 1.9
HEALTH CARE REIT INC 1.8
LAND SECURITIES GROUP PLC 1.7
LINK REIT/THE 1.5
BRITISH LAND CO PLC 1.3
GENERAL GROWTH PROPERTIES 1.3
SL GREEN REALTY CORP 1.2
KIMCO REALTY CORP 1.1
MACERICH CO/THE 1.1
Top 20 Holdings Total 42.0
Global Fixed Income Component
9
This page sets forth the country allocation and other characteristics, as compared to the index, of the portfolio securities held by the fixed income funds set forth on page 9, assuming a hypothetical portfolio with the target weights set forth therein. Country Allocation is based upon Yield Curve exposure. This page also sets forth the top 20 holdings of fixed income securities of the hypothetical portfolio as of February 28, 2014. Data is in Canadian dollars and net of fund MERs for Class F units. Target weights have been provided by Assante Capital Management. The Fixed Income component of this model portfolio is a composite of the Fixed Income funds listed on Model Portfolio Holdings page. Fixed income index represented by Citigroup World Government bond Index 1-30 Year Hedged. Indexes are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio. Past performance does not guarantee future returns.
March 31, 2014
Characteristics
Model Portfolio Index
Yield to Maturity 2.8 1.4Duration 4.9 6.7
Top 20 Holdings
Issuer Coupon Maturity Weight
UK TSY 1.25% 2018 1.250% 07/22/2018 2.1
MICROSOFT CORP 1.625% 12/06/2018 2.0
SINGAPORE GOVERNMENT 0.500% 04/01/2018 2.0
AUST & NZ BANKING GRP NY 1.450% 05/15/2018 2.0
ROYAL BANK OF CANADA 2.200% 07/27/2018 1.8
TRANSPORT FOR LONDON 1.250% 11/21/2017 1.7
APPLE INC 1.000% 05/03/2018 1.7
AFRICAN DEVELOPMENT BANK 0.875% 03/15/2018 1.7
COUNCIL OF EUROPE 1.000% 03/07/2018 1.7
NRW.BANK 0.875% 12/15/2017 1.6
JOHNSON & JOHNSON 1.650% 12/05/2018 1.6
FREDDIE MAC 0.875% 03/07/2018 1.6
CHEVRON CORP 1.104% 12/05/2017 1.6
KOMMUNINVEST I SVERIGE 1.000% 10/24/2017 1.5
FANNIE MAE 0.875% 02/08/2018 1.5
STATOIL ASA 1.150% 05/15/2018 1.4
RABOBANK NEDERLAND NY 1.700% 03/19/2018 1.4
L-BANK BW FOERDERBANK 0.875% 12/15/2017 1.4
ONTARIO (PROVINCE OF) 1.200% 02/14/2018 1.3
KINGDOM OF SWEDEN 0.875% 01/31/2018 1.3
Top 20 Holdings Total 32.7
Singapore 2.7%
United Kingdom 16.3%
United States 71.5%
Country Allocation
Europe 3.1%
Canada 6.6%
Model Portfolio Holdings
10
Management Expense Ratio, Trading Expense Ratio and Turnover as of December 31, 2013.This page sets forth the target weight and historical return information, as of March 31, 2014, of a hypothetical portfolio of the listed funds. The proposed portfolio of funds is provided by Rob McClelland, Assante Capital Management. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed; their values change frequently, and past performance may not be repeated. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns.
March 31, 2014Historical Returns (Actual)
Fund(Inception Date)
TargetWeight MER
Trading Expense
Ratio Turnover 1 yr 3 yr 5 yr 10 yrSince
Inception
DFA 5-Yr Global Fixed Income 21.0% 0.38% N/A 53.4% 0.53% 3.79% 4.01% 3.51% 3.80%Class F (11/2003)
DFA Investment Grade Fixed Income 9.0% 0.40% N/A 9.7% 0.04% 4.91% 4.93% N/A 5.10%Class F (02/2009)
DFA Canadian Core Equity 12.0% 0.38% 0.02% 4.8% 15.61% 2.56% 14.86% N/A 8.38%Class F (07/2004)
DFA Canadian Vector Equity 12.0% 0.45% 0.04% 4.3% 14.50% N/A N/A N/A 4.12%Class F (07/2011)
DFA U.S. Core Equity 9.0% 0.38% 0.01% 9.7% 33.88% 18.74% 19.30% N/A 5.99%Class F (07/2005)
DFA U.S. Vector Equity 9.0% 0.44% 0.01% 12.3% 35.77% 18.99% 23.07% 5.87% 6.91%Class F (11/2003)
DFA International Core Equity 9.0% 0.58% 0.02% 3.3% 24.14% 8.83% 13.28% N/A 4.77%Class F (07/2005)
DFA International Vector Equity 9.0% 0.72% 0.02% 3.1% 24.37% 8.45% 13.80% 4.92% 5.96%Class F (11/2003)
DFA Global Real Estate Securities 10.0% 0.61% 0.02% 19.9% 10.45% 13.25% 20.66% N/A 5.04%Class F (02/2008)