Integra Lincluden Private Trust

The investment objective of this actively managed balanced portfolio is to earn an attractive long-term rate of return utilizing a deep “value” approach. The valuation and portfolio building process incorporates a “top-down” approach to determine asset mix, and a "bottom-up" process to determine individual security selection. This methodology factors in the fundamental long-term earning power of corporations, long-term interest rates and the dynamics of rapid asset re-pricing. The process is not designed to generate frequent changes in asset mix but rather to indicate when asset classes and securities are significantly mis-priced. The neutral asset mix target for the trust is 50% equities and 50% fixed income.