HEMISPHERE CAPITAL MANAGEMENT

Core Balanced Composite

PERFORMANCE SUMMARY AND HISTORY

The Core Balanced Composite is comprised of consolidated client portfolios of Hemisphere Capital Management with
an equity asset mix weight between 40% and 80%. These client portfolios contain some international equities.

PERFORMANCE SUMMARY
Period Ending June 2014 - Annualized Returns (%) Gross of Fees
YEARS

10

Inception (June/1994)

Core Balanced Composite

15.1

8.0

10.2

7.7

8.9

Benchmark

19.0

8.9

9.9

7.4

8.5

Inflation

1.8

1.7

1.6

1.7

1.7

600

500

400

300

200

100

0
Jun 14

Dec 13

Jun 13

Dec 12

Jun 12

Dec 11

Jun 11

Dec 10

Jun 10

Dec 09

Jun 09

Dec 08

Jun 08

Dec 07

Jun 07

Benchmark

Dec 06

Jun 06

Dec 05

Jun 05

Dec 04

Jun 04

Dec 03

Jun 03

Dec 02

Jun 02

Dec 01

Jun 01

Dec 00

Jun 00

Dec 99

Jun 99

Dec 98

Jun 98

Dec 97

Jun 97

Dec 96

Jun 96

Dec 95

Jun 95

Dec 94

Jun 94

Core Balanced Composite

Inflation

Benchmark:
June 1994 - December 2013
40% DEX Mid-term Bond Index
40% S&P/TSX Total Return Index
10% S&P 500 Total Return Index $Cdn
10% EAFE Total Return Index $Cdn

January 2014 - Current

20% DEX Short-term Bond Index
20% DEX Mid-term Bond Index
30% S&P/TSX Total Return Index
20% S&P 500 Total Return Index $Cdn
10% 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.

SUITE 603 734-7TH AVENUE SW CALGARY, ALBERTA T2P 3P8

PH: 403-205-3533 TF: 800-471-7853 F: 403-205-3588 INFO@HEMISPHERE.CA

PAGE 2

CORE BALANCED COMPOSITE

PERFORMANCE HISTORY

3Q

4Q

YTD

# of
Port

2.6%

2.0%

4.6%

Net Fee

2.5%

1.8%

4.3%

Net Fee

Benchmark

5.6%

-0.2%

5.3%

Benchmark

1Q

Year

2Q

1994 Gross Fee

1995 Gross Fee

Net Fee
Benchmark

1996 Gross Fee

Net Fee
Benchmark

1997 Gross Fee

Net Fee
Benchmark

4.5%

5.6%

3.1%

1.8%

15.8%

4.2%

5.3%

2.9%

1.5%

14.6%

4.7%

5.1%

2.3%

5.4%

18.6%

3.6%

2.3%

8.7%

10.5%

27.2%

3.3%

2.0%

8.4%

10.2%

25.8%

3.0%

2.3%

4.5%

7.8%

18.9%

-2.2%

3.1%

9.8%

-3.4%

7.0%

-2.4%

2.8%

9.5%

-3.7%

5.9%

13

Year
2006 Gross Fee

2007 Gross Fee

-0.2%

3.9%

-6.0%

-6.2%

-8.6%

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%

Net Fee

1.4%

6.9%

4.8%

3.7%

17.8%

Benchmark

-1.7%

10.9%

7.3%

1.8%

19.0%

Gross Fee

3.0%

0.3%

5.7%

5.1%

14.7%

Net Fee

2.8%

0.0%

5.4%

4.9%

13.7%

Benchmark

9.1%

0.8%

-9.9%

11.4%

10.4%

1.4%

4.1%

0.2%

-0.3%

5.5%

Net Fee

1.2%

3.8%

-0.1%

-0.5%

4.4%

Benchmark

1.5%

2.7%

-0.4%

10.8%

15.0%

4.5%

6.2%

4.1%

1.4%

17.1%

Net Fee

4.2%

5.9%

3.8%

1.1%

15.8%

Benchmark

6.6%

3.7%

1.2%

-5.3%

6.0%

2.8%

2.4%

-2.8%

5.6%

8.0%

Net Fee

2.5%

2.1%

-3.0%

5.3%

6.8%

Net Fee

Benchmark

-6.7%

0.1%

-4.5%

7.7%

-3.9%

Benchmark

3.8%

-2.9%

-1.3%

3.6%

3.1%

Net Fee

3.4%

-3.1%

-1.6%

3.3%

1.9%

Benchmark

0.7%

-4.4%

-6.3%

5.4%

-4.8%

-1.9%

5.5%

2.6%

6.0%

12.6%

Net Fee

-2.1%

5.2%

2.3%

5.7%

11.4%

Benchmark

-4.1%

8.1%

4.2%

6.7%

15.3%

-1.7%

2.2%

3.1%

7.6%

-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%

Net Fee

0.9%

4.6%

3.7%

1.1%

10.6%

Benchmark

2.0%

3.6%

4.9%

1.9%

13.0%

Benchmark

2011 Gross Fee

Net Fee
Benchmark

2012 Gross Fee

Net Fee
Benchmark

43

48

12.8%

3.6%

-0.6%

3.7%

6.7%

7.1%

-0.2%

2.8%

3.9%

2.6%

3.7%

0.7%

-9.0%

Net Fee

2.8%

-2.7%

1.4%

1.4%

2004 Gross Fee

-2.3%

4.4%

1.7%

4.8%

37

3.5%

Benchmark

Net Fee

2003 Gross Fee

51

1.2%

0.4%

20

7.8%

2.2%

14.8%

2002 Gross Fee

2.8%

0.5%

3.0%

18

3.1%

0.7%

-1.1%

2001 Gross Fee

-2.1%

0.1%

6.5%

19

3.8%

-0.2%

-8.8%

2000 Gross Fee

# of
Port

1.0%

8.8%

18

YTD

1.2%

1.6%

1999 Gross Fee

4Q

0.1%

2008 Gross Fee

2010

3Q

-0.1%

0.2%

14

2Q

Net Fee

5.1%

1998 Gross Fee

1Q

2013 Gross Fee

1.9%

-2.6%

7.7%

4.4%

11.6%

2.7%

0.2%

-1.3%

3.7%

5.3%

2.6%

0.0%

-1.5%

3.4%

4.5%

2.6%

-0.9%

-4.4%

3.3%

0.4%

2.7%

-3.3%

3.5%

0.7%

3.5%

2.5%

-3.5%

3.3%

0.5%

2.6%

3.7%

-1.7%

4.0%

1.6%

7.6%

3.9%

-0.4%

1.9%

4.5%

10.1%

3.7%

-0.6%

1.7%

4.3%

9.2%

3.9%

5.4%

11.9%

4.0%

-1.8%

4.5%

3.4%

Net Fee

4.3%

3.2%

Benchmark

4.8%

3.7%

2014 Gross Fee

53

52

55

58

80

87

101

109

Benchmark:
June 1994 - December 2013
40% DEX Mid-term Bond Index
40% S&P/TSX Total Return Index
10% S&P 500 Total Return Index $Cdn
10% EAFE Total Return Index $Cdn
January 2014 - Current
20% DEX Short-term Bond Index
20% DEX Mid-term Bond Index
30% S&P/TSX Total Return Index
20% S&P 500 Total Return Index $Cdn
10% EAFE Total Return Index $Cdn

SUITE 603 734-7TH AVENUE SW CALGARY, ALBERTA T2P 3P8

PH: 403-205-3533 TF: 800-471-7853 F: 403-205-3588 INFO@HEMISPHERE.CA