TMFG Portfolio Xray I100X
Prepared by:
Rob McClelland
Assante Capital Management
March 31, 2014
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.
Overall Asset Allocation
March 31, 2014
# of
Countries
Asset Class
# of
Holdings
Allocation
Global Fixed Income
-
-
-
Canadian Equity
1
499
33.8%
US Equity
1
2437
28.1%
International Equity
21
3391
21.4%
Emerging Market Equity
22
1841
6.7%
Global Real Estate
17
301
10.0%
8469
100%
TOTAL
Weighted Average
Management Expense Ratio
Approximate
Currency Exposure
CAD
34%
USD
34%
Other
32%
UnitedStates
.50%
Performance
Q1
1 Year
3 Year
5 Year
6.56%
22.68%
N/A
N/A
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 8, 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 8). 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.
1
Equity Allocation by Country
March 31, 2014
Global Diversification
Country Weights
CANADA
38%
UNITED
STATES
31%
EUROPE
16%
ASIA PACIFIC
13%
LATIN AMERICA
1%
AFRICA
0%
MIDDLE
EAST
0%
North America (%)
United States
Canada
68.8
31.2
37.6
Emerging Mkts (%)
Brazil
Chile
China (Local)
Colombia
Czech Republic
Egypt
Greece
Hungary
India
Indonesia
Malaysia
Malta
Mexico
Peru
Philippines
Poland
Russia
South Africa
South Korea
Taiwan
Thailand
Turkey
7.4
0.7
0.1
1.5
0.0
0.0
0.0
0.1
0.0
0.5
0.2
0.3
0.0
0.4
0.0
0.2
0.1
0.2
0.5
1.3
1.1
0.2
0.1
This page sets forth the geographic location of issuers of the portfolio securities held by the funds set forth on page 8, 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.
International (%)
Australia
Austria
Belgium
Denmark
Finland
France
Germany
Hong Kong
Ireland
Israel
Italy
Japan
Netherlands
New Zealand
Norway
Portugal
Singapore
Spain
Sweden
Switzerland
United Kingdom
23.8
1.7
0.1
0.3
0.4
0.4
2.1
1.8
0.7
0.1
0.2
0.7
5.1
0.7
0.1
0.3
0.1
0.4
0.8
0.9
1.9
5.1
2
Canadian Equity Allocation
March 31, 2014
Sector Weights
Sector
Size & Style Weights
Model
Index
–
Weight Weight 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
+
Index
Top 20 Holdings
Growth
Neutral
Value
Total
Small
6.1
4.0
9.3
3.6
16.3
5.9
31.6
13.4
Mid
3.7
7.6
11.9
12.6
13.0
8.3
28.6
28.5
Large
2.9
15.9
19.5
28.4
17.4
13.7
39.8
58.0
Total
12.7
27.5
40.6
44.6
46.7
28.0
100.0
100.0
Model Portfolio
Index
Company
SUNCOR ENERGY INC
TORONTO-DOMINION BANK
BANK OF MONTREAL
CANADIAN NATURAL RESOURCES
BANK OF NOVA SCOTIA
MANULIFE FINANCIAL CORP
ROYAL BANK OF CANADA
SUN LIFE FINANCIAL INC
GOLDCORP INC
BARRICK GOLD CORP
MAGNA INTERNATIONAL INC
FIRST QUANTUM MINERALS LTD
TECK RESOURCES LTD-CLS B
TALISMAN ENERGY INC
AGNICO EAGLE MINES LTD
TRANSCANADA CORP
CANADIAN TIRE CORP-CLASS A
YAMANA GOLD INC
FAIRFAX FINANCIAL HLDGS LTD
ELDORADO GOLD CORP
Top 20 Holdings Total
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 8 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 8) 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.
Weight
4.6
4.2
3.7
3.7
3.5
3.2
2.1
1.9
1.9
1.9
1.7
1.4
1.2
1.1
1.0
1.0
1.0
0.9
0.8
0.8
41.5
3
US Equity Allocation
March 31, 2014
Sector Weights
Sector
Size & Style Weights
Model
Index
–
Weight Weight 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
+
Index
Top 20 Holdings
Growth
Neutral
Value
Total
Small
1.2
1.7
9.4
3.6
13.3
4.1
23.9
9.3
Mid
1.9
4.9
10.3
8.5
13.0
6.6
25.2
20.0
Large
3.3
16.7
20.5
34.9
27.2
19.2
50.9
70.8
Total
6.4
23.2
40.2
46.9
53.5
29.9
100.0
100.0
Model Portfolio
Index
Company
EXXON MOBIL CORP
CHEVRON CORP
WELLS FARGO & CO
JPMORGAN CHASE & CO
AT&T INC
BANK OF AMERICA CORP
GENERAL ELECTRIC CO
CITIGROUP INC
PFIZER INC
APPLE INC
CONOCOPHILLIPS
VERIZON COMMUNICATIONS INC
OCCIDENTAL PETROLEUM CORP
COMCAST CORP-CLASS A
INTEL CORP
GOLDMAN SACHS GROUP INC
AMERICAN INTERNATIONAL GROUP
CVS CAREMARK CORP
CISCO SYSTEMS INC
JOHNSON & JOHNSON
Top 20 Holdings Total
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 8 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 8) 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.
Weight
2.4
2.1
2.0
1.9
1.5
1.4
1.4
1.2
1.2
1.1
0.8
0.7
0.7
0.7
0.6
0.6
0.6
0.6
0.6
0.6
22.5
4
International Equity Allocation
March 31, 2014
Sector Weights
Sector
Size & Style Weights
Model
Index
–
Weight Weight 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
+
Index
Top 20 Holdings
Growth
Neutral
Value
Total
Small
2.4
0.2
11.1
0.8
12.5
0.8
26.0
1.8
Mid
3.9
5.9
13.1
10.8
10.1
6.5
27.1
23.2
Large
2.5
18.1
22.7
37.9
21.7
18.8
46.9
74.8
Total
8.8
24.2
46.9
49.5
44.3
26.2
100.0
100.0
Model Portfolio
Index
Company
ROYAL DUTCH SHELL PLC-ADR
HSBC HOLDINGS PLC-SPONS ADR
BP PLC-SPONS ADR
NESTLE SA-REG
BNP PARIBAS
DAIMLER AG-REGISTERED SHARES
BANCO SANTANDER SA
AUST AND NZ BANKING GROUP
NATIONAL AUSTRALIA BANK LTD
NOVARTIS AG-ADR
ZURICH INSURANCE GROUP AG
NOVARTIS AG-REG
SANOFI-ADR
ALLIANZ SE-REG
SUMITOMO MITSUI FINANCIAL GR
MITSUBISHI UFJ FINANCIAL GRO
VODAFONE GROUP PLC
CREDIT SUISSE GROUP AG-REG
SWISS RE AG
SOCIETE GENERALE SA
Top 20 Holdings Total
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 8 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 8) 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.
Weight
1.7
1.5
1.5
0.8
0.7
0.7
0.7
0.6
0.6
0.6
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.4
0.4
0.4
14.1
5
Emerging Market Equity Allocation
March 31, 2014
Sector Weights
Sector
Size & Style Weights
Model
Index
–
Weight Weight 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
+
Index
Top 20 Holdings
Growth
Neutral
Value
Total
Small
2.4
1.9
14.2
3.7
22.0
4.3
38.6
9.9
Mid
5.2
9.4
15.3
15.6
15.1
11.6
35.6
36.6
Large
1.8
12.4
14.9
30.6
9.2
9.5
25.9
52.5
Total
9.3
23.7
44.4
49.8
46.3
25.5
100.0
100.0
Model Portfolio
Index
Company
SAMSUNG ELECTRONICS CO LTD
GAZPROM OAO-SPON ADR
CHINA CONSTRUCTION BANK-H
IND & COMM BK OF CHINA-H
BANK OF CHINA LTD-H
HON HAI PRECISION INDUSTRY
HYUNDAI MOTOR CO
PETROLEO BRASILEIRO-SPON ADR
CHINA MOBILE LTD-SPON ADR
CEMEX SAB-SPONS ADR PART CER
SASOL LTD-SPONSORED ADR
HANA FINANCIAL GROUP
CHINA PETROLEUM & CHEM-ADR
ALFA S.A.B.-A
LUKOIL OAO-SPON ADR
GRUPO FINANCIERO BANORTE-O
VALE SA-SP PREF ADR
PETROLEO BRASILEIRO S.A.-ADR
BANCO BRADESCO-ADR
VALE SA-SP ADR
Top 20 Holdings Total
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 8 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 8) 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.
Weight
1.5
1.4
1.2
1.0
0.8
0.8
0.8
0.5
0.5
0.5
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
0.4
13.0
6
Global Real Estate Component
March 31, 2014
Regional Allocation
Country Allocation
Region
United States
Australia
Japan
United Kingdom
Netherlands
Singapore
Canada
France
Hong Kong
South Africa
Belgium
Mexico
New Zealand
Germany
Italy
China
Malta
Total
Weight (%)
# of Holdings
61.4
8.3
6.8
6.7
4.0
3.3
2.5
2.0
1.8
1.4
0.6
0.6
0.3
0.2
0.1
0.0
0.0
125
23
32
18
6
25
22
8
6
11
10
2
7
2
2
1
1
100.0
301
Canada
US
International
Emerging Markets
Top 20 Holdings
Company
SIMON PROPERTY GROUP INC
UNIBAIL-RODAMCO SE
PROLOGIS INC
PUBLIC STORAGE
EQUITY RESIDENTIAL
WESTFIELD GROUP
BOSTON PROPERTIES INC
VENTAS INC
AVALONBAY COMMUNITIES INC
HCP INC
HOST HOTELS & RESORTS INC
VORNADO REALTY TRUST
HEALTH CARE REIT INC
LAND SECURITIES GROUP PLC
LINK REIT/THE
BRITISH LAND CO PLC
GENERAL GROWTH PROPERTIES
SL GREEN REALTY CORP
KIMCO REALTY CORP
MACERICH CO/THE
Top 20 Holdings Total
The allocation of real estate securities in the portfolio is based on the portfolio holdings of the funds listed on page 8. Global Real Estate Allocation does not include REITs in the
hedged and unhedged classes of the Canadian, US, and International core funds (see page 8). Real Estate portfolio data provided by Dimensional Fund Advisors Canada ULC as
at March 31, 2014.
Weight
5.9
3.0
2.6
2.6
2.4
2.4
2.2
2.2
2.0
1.9
1.9
1.9
1.8
1.7
1.5
1.3
1.3
1.2
1.1
1.1
42.0
7
Model Portfolio Holdings
Historical Returns (Actual)
March 31, 2014
MER
Trading
Expense
Ratio
Turnover
1 yr
3 yr
5 yr
10 yr
Since
Inception
17.0%
0.38%
0.02%
4.8%
15.61%
2.56%
14.86%
N/A
8.38%
17.0%
0.45%
0.04%
4.3%
14.50%
N/A
N/A
N/A
4.12%
14.0%
0.38%
0.01%
9.7%
33.88%
18.74%
19.30%
N/A
5.99%
14.0%
0.44%
0.01%
12.3%
35.77%
18.99%
23.07%
5.87%
6.91%
14.0%
0.58%
0.02%
3.3%
24.14%
8.83%
13.28%
N/A
4.77%
14.0%
0.72%
0.02%
3.1%
24.37%
8.45%
13.80%
4.92%
5.96%
10.0%
0.61%
0.02%
19.9%
10.45%
13.25%
20.66%
N/A
5.04%
Fund
(Inception Date)
Target
Weight
DFA Canadian Core Equity
Class F (07/2004)
DFA Canadian Vector Equity
Class F (07/2011)
DFA U.S. Core Equity
Class F (07/2005)
DFA U.S. Vector Equity
Class F (11/2003)
DFA International Core Equity
Class F (07/2005)
DFA International Vector Equity
Class F (11/2003)
DFA Global Real Estate Securities
Class F (02/2008)
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.
8