NexGen Global Value Tax Managed Fund

Fund Inception Date:	March 6, 2007

Fund Assets: (Includes Registered and Tax Managed Funds, all series, and all Tax Classes)	$3,292,719

Management Fee:	2.00% View Fee Chart

Portfolio Sub-Advisor:

Portfolio Manager:

Jonathan Baird

Investor Friendly PDF | Manager Commentary | Manager Bio

Investment Objective

The Fund seeks to provide long term capital growth primarily through investment in a diversified portfolio of equity and equity-like securities.

You Should Invest in this Fund if...

You are seeking long term capital growth
You want exposure to a core fund that can invest in any country and any industry in the world

NexGen Volatility Classification


Low					High

(Volatility Classifications based on benchmarks as of January 12, 2010)

Equity Style and Capitalization Overview

	Growth	Blend	Value
Small
Mid
Large

Investment Strategies

Jonathan Baird employs an active “value” strategy seeking to invest in securities trading at a discount to their perceived worth.
The Tax Managed Fund may use derivatives for hedging and non-hedging purposes

Performance [ as of June 30 1, 2 ]

Tax Class	Series	1 mo.	3 mo.	6 mo.	CYTD	1 yr.	3 yr.	*Since Inception
Capital Gain Class	FE/DSC	-5.90	-5.40	-6.90	-6.90	5.90	-13.70	-12.80
Return of Capital Class	FE/DSC	-5.90	-5.40	-6.90	-6.90	6.00	-13.60	-12.80
Dividend Tax Credit Class	FE/DSC	-5.90	-5.40	-6.90	-6.90	5.90	-13.70	-12.80
Compound Growth Class	FE/DSC	-5.90	-5.40	-7.00	-7.00	5.80	-13.70	-12.80
Benchmark - MSCI ($CAD)		-2.20	-9.40	-9.70	-9.70	-1.50	-13.40	-13.30

Prices

Tax Class	Fund Codes		NAVPU as of	Daily Change		Weekly Change		Tax Class Summary
	Front End	Back End	07/29/2010	%	$	%	$
Return of Capital Class	NXG3711	NXG3717	$4.3228	-0.104	-0.0045	0.8751	0.0375	Monthly return of capital distribution ($0.75/share/annum)
Capital Gains Class	NXG3721	NXG3727	$5.6929	-0.1035	-0.0059	0.8753	0.0494	Annual capital gains (up to increase in NAV per share)
Dividend Tax Credit Class	NXG3731	NXG3737	$4.7401	-0.1033	-0.0049	0.8768	0.0412	Monthly Canadian Dividends Distribution ($0.60/share/annum)
Compound Growth Class	NXG3741	NXG3747	$6.4362	-0.104	-0.0067	0.873	0.0557	Minimized distributions to maximize growth

NAVPU - by Series

1 Returns for 1 month, 3 month, 6 month and CYTD are simple rates of return. The returns for 1 year and Since Inception are annual compound rates of return. Assumes all dividends have been reinvested.
2 Returns represent fund performance and do not include any sales commissions or redemption fees payable by the investor.

Top 25 Holdings [ as of June 30 ]

Name	Country	Sector	% of total holdings	Market Value
CASH & CASH EQUIVALENTS	CANADA	CASH & CASH EQUIVALENTS	31.40%	1,058,698
KAMINAK GOLD CORP CLASS A	CANADA	MATERIALS	5.70%	188,750
MCCORMICK + CO NON VTG SHRS	UNITED STATES	CONSUMER STAPLES	4.20%	141,224
TJX COMPANIES INC	CANADA	CONSUMER DISCRETIONARY	4.00%	133,772
HOME INNS + HOTELS MANAGEMENT	CHINA	CONSUMER DISCRETIONARY	3.90%	132,792
ARUBA NETWORKS INC	UNITED STATES	TELECOMMUNICATION SERVICES	3.80%	128,659
CHINA YUCHAI INTL LTD	CHINA	FINANCIALS	3.60%	122,850
ELDORADO GOLD CORP	CANADA	MATERIALS	3.60%	120,204
NEWMONT MINING CORP	UNITED STATES	MATERIALS	3.50%	118,128
PERRIGO CO	UNITED STATES	HEALTH CARE	3.40%	113,019
UNDER ARMOUR INC CLASS A	CANADA	CONSUMER DISCRETIONARY	3.30%	112,690
DIAMOND MANAGEMENT + TECHNOLOGY	CANADA	INFORMATION TECHNOLOGY	3.20%	109,590
CERVUS EQUIPMENT CORP	CANADA	CONSUMER DISCRETIONARY	3.20%	106,500
EQUAL ENERGY LTD	CANADA	ENERGY	3.10%	102,996
COINSTAR INC	CANADA	CONSUMER DISCRETIONARY	2.80%	95,917
ATAC RESOURCES LTD	CANADA	MATERIALS	2.70%	91,500
GALLEON ENERGY INC A	CANADA	ENERGY	2.60%	86,200
ARSENAL ENERGY INC	CANADA	ENERGY	2.30%	79,000
AVION GOLD CORP	CANADA	MATERIALS	1.80%	61,875
GOLD WHEATON GOLD CORP	CANADA	MATERIALS	1.80%	61,750
BRIGUS GOLD CORP	CANADA	MATERIALS	1.70%	58,188
PUDA COAL INC	CHINA	ENERGY	1.60%	54,540
ALANGE ENERGY CORP	CANADA	ENERGY	1.40%	47,250
TRALAWNEY MINING AND EXPLORATION	CANADA	MATERIALS	1.10%	38,500
GREAT PLAINS EXPLORATION	CANADA	ENERGY	0.30%	8,586
Total Displayed			100.00%	3,373,179
Total Holdings				3,373,179

Portfolio Sector Allocation
[ as of June 30 ]

CASH & CASH EQUIVALENTS	31.40%
MATERIALS	21.90%
CONSUMER DISCRETIONARY	17.20%
ENERGY	11.30%
CONSUMER STAPLES	4.20%
TELECOMMUNICATION SERVICES	3.80%
FINANCIALS	3.60%
HEALTH CARE	3.40%
INFORMATION TECHNOLOGY	3.20%
TOTAL	100.00%

Portfolio Geographic Allocation
[ as of June 30** ]

CANADA	65.00%
UNITED STATES	21.60%
CHINA	13.40%
TOTAL	100.00%

** The Portfolio Sector Asset Allocations and Total Percentage Displayed in Top Holdings do not include non-cash working capital.

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