PMF Fund Managers
The year of 2009 was a tumultuous year for the Portfolio. Defying the ever-worsening economic news, the market has risen sharply since reaching its lows at the beginning of March, allowing the fund to earn back the nearly 30% that was lost in 2008. The class of 2010 inherited the portfolio in April and has, despite maintaining a substantial cash balance, seen the total fund outperform its benchmark by 8.2% over the past year ending 30 November. Over this same period, our investments in US equities are up 11.8%, against a benchmark of 7.7%; our Canadian equities are up 56.4%, outperforming the benchmark by 28%; the bond portfolio is up 15.4%, realizing 5.8% of valueadded against our benchmark.
For more information, please see page 5 of the 2010 Annual Report.
The year of 2009 was a tumultuous year for the Portfolio. Defying the ever-worsening economic news, the market has risen sharply since reaching its lows at the beginning of March, allowing the fund to earn back the nearly 30% that was lost in 2008. The class of 2010 inherited the portfolio in April and has, despite maintaining a substantial cash balance, seen the total fund outperform its benchmark by 8.2% over the past year ending 30 November. Over this same period, our investments in US equities are up 11.8%, against a benchmark of 7.7%; our Canadian equities are up 56.4%, outperforming the benchmark by 28%; the bond portfolio is up 15.4%, realizing 5.8% of valueadded against our benchmark.
 Andrea Lobo Prabhu |  Davies Town |  Jenny Yan |
 Rose Tian |  Jason Ng |
For more information, please see page 5 of the 2010 Annual Report.