Past performance does not guarantee future results.
1. Includes Cumberland’s composite of portfolios with investment objectives of 100% capital appreciation, invested in Canadian equities. Prior to July 2004, performance was based on a representative portfolio, a pooled fund from September 2009 to June 2014 and a representative portfolio from inception hereto. Total returns are annualized, gross of investment management fees but include all other costs.
2. Benchmark is the S&P/TSX Composite Total Return Index in Canadian dollars.