PATHFINDER Convertible Debenture Fund

TSX-Listed Funds

Pathfinder Convertible Debenture Fund

Performance *

Short-term Compound Returns (As at December 31, 2011)

1 Month	3 Month	6 Month	YTD
1.38%	4.80%	-3.13%	-2.06%

Long-term Annualized Compound Returns (As at December 31, 2011)

1 Year	3 Year	5 Year	Since Inception
-2.06%	-	-	7.88% November 20, 2009

Annual Compound Returns

2007	2008	2009	2010
-	-	-	17.73%

* Based on NAV