Asset Allocation Guidelines

• Asset allocation weightings will range from 40% - 100% for equity exposure and from 0% - 60% for fixed income (bond) exposure.

Asset Liquidity Guidelines

• Investing primarily in large capitalization and quality smaller capitalized companies.
• No one holding is allowed to be greater than 10% of the total portfolio at cost.
• We hold on average 30 to 35 investments in the Avenue Total Return Equity Portfolio.
• We hold on average 12 to 17 investments in the Avenue Bond Portfolio.

Sector Guidelines

• Sector weightings will range from 50 - 150% for the major sectors and between 0% - 300% for the minor sectors.

• Sector guidelines define a major sector as a weighting above 10% and a minor sector as a weighting below 10%.   

Major Sectors: Weightings will range from 50 - 150%.
   
Example: Energy sector is 14% of the S&P/TSX.  The portfolio would weight 7% as a minimum or 21% as a maximum.

Minor Sectors: Weightings will range from 0 - 300%.
   
Example: Health Care sector is 3% of the S&P/TSX. The portfolio would weight 0% as a minimum or 9% as a maximum.