AIC Global Advantage Fund

On November 28, 2008, AIC Global Banks Fund and AIC Global Insurance Fund merged into AIC Global Advantage Fund.

Investment Objective

The fundamental investment objective of the Fund is to maximize long-term capital growth by investing primarily in equity securities of companies throughout the world.

How the Fund is Managed

Participates in the global financial services sector; invests in reliable long-term growth businesses in banking, insurance and asset management.
Adheres to a disciplined approach of buying companies trading below their intrinsic value.
Generally positions trimmed when prices move above intrinsic value, and sold entirely when prices trade at a significant premium to intrinsic value.

Key Reasons to Invest

Management strength. During their five-year tenure, the Portfolio Managers have demonstrated an ability to deliver steady returns and mitigate volatility.
Ten of the Fund’s key holdings made it onto the Top 50 of Global Finance’s prestigious “world’s safest banks” ranking for 2006.
Opportunity to participate in a focused number of holdings from an enduring growth industry domiciled in countries with strong and stable regulatory regimes with transparent accounting.
Added portfolio diversification for investors as most global equity funds contain lower weightings in financial services.
Geographic diversification covers the entire globe.
Strives to preserve and grow capital by investing in global financial services businesses which have low product obsolescence, high franchise durability, high barriers to entry and are leveraged to economic prosperity.
Tax efficient due to unused capital losses within the Fund prior to 2003 and the change of management. Taxable investors benefit from the Fund’s historical $138.7 million capital loss carry forward to offset future capital gains.
Financial services sector offers lowest risk and higher returns (best risk – reward trade-off) of any other sector over a 11-year period (as at December 31, 2007; source AIC and Bloomberg).

FUND CODES

Load	CAN$	US$
Front End Sales Charge	711	811
Deferred Sales Charge	112	912
Low Load Sales Charge	122	942
Sales Charge	111	911

Sales Charge is for switches and redemptions only.

FUND DETAILS

as of December 31, 2008
Assets Under Management	$30,856,761
Inception Date	August 04, 1998
Management Expense Ratio	2.79%1
Minimum Initial Investment	$250
Minimum Subsequent Investment	$50
Minimum PAC	$50
Management Fee	2.25%

1 -	Annualized as of June 30, 2008.

PORTFOLIO MANAGERS

Chris Lowe, BA, MBA, Senior Vice President and Portfolio Manager
Greg Placidi, B.Comm. (Hon), MBA, CFA, Senior Vice President and Portfolio Manager

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