7/31/2019 Core Balanced Composite Sept2012

1/2

STOCK EXCHANGE BUILDING - SUITE 1280 300 5TH AVENUE SW CALGARY, ALBERTA T2P

PH: 403-205-3533 TF: 800-471-7853 F: 403-205-3588 INFO@HEMISPHER

Core Balanced CompositePERFORMANCE SUMMARY AND HISTORY

The Core Balanced Composite is comprised o consolidated client portolios o Hemisphere Capital Management with

an equity asset mix weight between 40% and 80%. These client portolios contain some international equities.

PERFORMANCE SUMMARY

Period Ending September 2012 - Annualized Returns (%) Gross o Fees

YEARS 1 3 5 10 Inception (Jun/1994)

CoreBalanced Composite 6.5 8.8 6.3 7.6 8.7

Benchmark 9.4 6.5 3.4 7.7 8.1

TSX Total Return

Inlation

9.2

1.3

5.5

1.7

0.2

1.6

9.8

1.7

8.6

1.8

Benchmark:

40% DEX Mid-term Bond Index40% S&P/TSX Total Return Index10% S&P 500 Total Return Index $Cdn10% EAFE Total Return Index $Cdn

Disclaimer: This document is not intended to be comprehensive investment advice applicable to the individual circumstances of a potential investor and should not be

considered as personal investment advice, an offer, or solicitation to buy and/or sell investment products. Every effort has been made to ensure accurate information has been

provided at the time of publication, however accuracy cannot be guaranteed. Values change frequently and past investment performance may not be repeated. The manager

accepts no responsibility for individual investment decisions arising from the use or reliance on the information contained herein. Please consult an investment manager prior

to making any investment decisions.

Core Balanced Composite Benchmark Infation TSX Total

HEMISPHERE CAPITAL MANAGEMENT

0

50

100

150

200

250

300

350

400

450

500

Jun94

Jun95

Jun96

Jun97

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

7/31/2019 Core Balanced Composite Sept2012

2/2

STOCK EXCHANGE BUILDING - SUITE 1280 300 5TH AVENUE SW CALGARY, ALBERTA T2P

PH: 403-205-3533 TF: 800-471-7853 F: 403-205-3588 INFO@HEMISPHER

CORE BALANCED COMPOSITE PAGE 2

PERFORMANCE HISTORY

Year 1Q 2Q 3Q 4Q YTD# ofPort Year 1Q 2Q 3Q 4Q YTD

# ofPort

Benchmark:

40% DEX Mid-term Bond Index40% S&P/TSX Total Return Index10% S&P 500 Total Return Index $Cdn10% EAFE Total Return Index $Cdn

1994 Gross Fee 2.6% 2.0% 4.6% 2

Net Fee 2.5% 1.8% 4.3%

Benchmark 5.6% -0.2% 5.3%

1995 Gross Fee 4.5% 5.6% 3.1% 1.8% 15.8% 6

Net Fee 4.2% 5.3% 2.9% 1.5% 14.6%

Benchmark 4.7% 5.1% 2.3% 5.4% 18.6%

1996 Gross Fee 3.6% 2.3% 8.7% 10.5% 27.2% 8

Net Fee 3.3% 2.0% 8.4% 10.2% 25.8%

Benchmark 3.0% 2.3% 4.5% 7.8% 18.9%

1997 Gross Fee -2.2% 3.1% 9.8% -3.4% 7.0% 13

Net Fee -2.4% 2.8% 9.5% -3.7% 5.9%

Benchmark 0.2% 8.8% 6.5% -1.1% 14.8%

1998 Gross Fee 5.1% 1.6% -8.8% 3.0% 0.4% 14

Net Fee 4.8% 1.4% -9.0% 2.8% -0.6%

Benchmark 9.1% 0.8% -9.9% 11.4% 10.4%

1999 Gross Fee 1.4% 4.1% 0.2% -0.3% 5.5% 18

Net Fee 1.2% 3.8% -0.1% -0.5% 4.4%

Benchmark 1.5% 2.7% -0.4% 10.8% 15.0%

2000 Gross Fee 4.5% 6.2% 4.1% 1.4% 17.1% 19

Net Fee 4.2% 5.9% 3.8% 1.1% 15.8%

Benchmark 6.6% 3.7% 1.2% -5.3% 6.0%

2001 Gross Fee 2.8% 2.4% -2.8% 5.6% 8.0% 18

Net Fee 2.5% 2.1% -3.0% 5.3% 6.8%

Benchmark -6.7% 0.1% -4.5% 7.7% -3.9%

2002 Gross Fee 3.8% -2.9% -1.3% 3.6% 3.1% 20

Net Fee 3.4% -3.1% -1.6% 3.3% 1.9%

Benchmark 0.7% -4.4% -6.3% 5.4% -4.8%

2003 Gross Fee -1.9% 5.5% 2.6% 6.0% 12.6% 37

Net Fee -2.1% 5.2% 2.3% 5.7% 11.4%

Benchmark -4.1% 8.1% 4.2% 6.7% 15.3%

2004 Gross Fee 3.9% -1.7% 2.2% 3.1% 7.6% 43

Net Fee 3.7% -1.9% 1.9% 2.8% 6.5%

Benchmark 4.3% -0.3% 0.7% 5.6% 10.5%

2005 Gross Fee 1.2% 4.8% 4.0% 1.4% 11.7% 48

Net Fee 0.9% 4.6% 3.7% 1.1% 10.6%

Benchmark 2.0% 3.6% 4.9% 1.9% 13.0%

2006 Gross Fee 3.8% -2.1% 3.1% 2.8% 7.8% 51

Net Fee 3.5% -2.3% 2.8% 2.6% 6.7%

Benchmark 4.4% -2.7% 3.7% 7.1% 12.8%

2007 Gross Fee 0.1% 1.2% 0.1% 0.7% 2.2% 53

Net Fee -0.1% 1.0% -0.2% 0.5% 1.2%

Benchmark 1.7% 1.4% 0.7% -0.2% 3.6%

2008 Gross Fee -0.2% 3.9% -6.0% -6.2% -8.6% 52

Net Fee -0.4% 3.6% -6.2% -6.5% -9.5%

Benchmark -0.7% 2.6% -9.8% -8.9% -16.2%

2009 Gross Fee 1.6% 7.2% 5.0% 3.9% 18.9% 55

Net Fee 1.4% 6.9% 4.8% 3.7% 17.8%

Benchmark -1.7% 10.9% 7.3% 1.8% 19.0%

2010 Gross Fee 3.0% 0.3% 5.7% 5.1% 14.7% 58

Net Fee 2.8% 0.0% 5.4% 4.9% 13.7%

Benchmark 1.9% -2.6% 7.7% 4.4% 11.6%

2011 Gross Fee 2.7% 0.2% -1.3% 3.7% 5.3% 80

Net Fee 2.6% 0.0% -1.5% 3.4% 4.5%

Benchmark 2.6% -0.9% -4.4% 3.3% 0.4%

2012 Gross Fee 2.7% -3.3% 3.5% 86

Net Fee 2.5% -3.5% 3.3%

Benchmark 3.7% -1.7% 4.0%