Salida Multi Strategy Fund
Monthly Performance (% change)
 JanFebMarAprMayJunJulAugSepOctNovDecYear
20102.105.13          7.34
20093.344.9516.017.5626.047.519.088.0713.54-1.294.8510.83181.55
2008-9.6215.79-3.44-4.559.424.26-28.26-5.00-24.74-34.18-12.793.39-66.50
20074.385.127.529.435.300.553.16-14.479.0813.53-8.24-0.8835.84
200622.087.4810.598.15-0.84-1.982.391.88-3.017.2910.962.0087.40
20058.1411.93-5.86-6.02-2.352.441.727.2010.13-8.866.797.2234.25
2004          18.053.3321.98


 Class AClass F
Current Month NAV$20.7949$9.9744
Current Month Performance5.13%5.20%
Year-to-Date Performance7.34%7.49%


30.99%36.46%0.80
Annualized
Compound
Return
Annualized
Standard
Deviation
Correlation to
S&P/TSX


Risk/Reward Analysis
MultiS&P/TSX
Annualized Compound ROR30.99%6.40%
Annualized Std. Deviation36.46%15.45%
12 Month Return178.64%43.17%
Winning Months70.31%60.46%
Average Monthly Gain7.99%3.29%
Average Monthly Loss-9.28%-3.47%
Sharpe Ratio (5.0%)0.810.17
Alpha1.92%-
Beta1.74-

Drawdown Analysis (Top 5 Drawdowns)
DepthLengthRecoveryPeakValley
-70.56%50Jun-08Nov-08
-17.8%35Oct-07Jan-08
-14.47%12Jul-07Aug-07
-13.61%34Feb-05May-05
-8.86%12Sep-05Oct-05


Proven Performance

Growth of $1,000 (VAMI)




Portfolio Review

Security Weightings

ExposuresCurrent Month
Gross Long149.80%
Gross Short37.44%
Net112.36%
Long Holdings42
Short Holdings11
Concentration -
Top 10 Holdings
39%


Strategy Allocations

% of Portfolio
1. Event Driven32
2. Long/Short Equity46
3. Fixed Income5
4. Privates9
5. Merger Arbitrage8


Sector Allocations

Long WeightingsShort Weightings
Metals
4.60%
0%
Gold
26.70%
2.08%
Energy
75.30%
9.71%
Agriculture
11.53%
0%
Other
9.97%
25.65%
Fixed Income
9.75%
0%
Uranium
11.95%
0%


*Although care is taken in arriving at estimates, estimates may vary from the final number posted for a month/year - investors should not rely on estimates for investing decisions. Please review the applicable offering memorandum for detailed description of strategies, objectives and risk factors. The above is provided for informational purposes only and is qualified in its entirely by way of the relevant offering memorandum, which is only available to qualified investors. It is further advised that any prospective investor consult with a professional financial advisor before investing. There can be no assurance that a fund's investment objectives will be met. The returns presented in this information sheet are net of management fees and performance fees, but do not take into account other fees that may apply such as early redemption fees. Past performance cannot predict future results and the funds' net asset value, net asset value per unit or share and yields will fluctuate. Investments in the funds are only available to qualified investors in Canada who purchase their investments through a registered dealer. Please contact your registered financial advisor for further information. Source: PerTrac.