Hillsdale US Performance

Equity A

Fund Investment Objectives

The investment objective of the strategy is to provide a three year rate of return on capital in excess of the Russell 2000 Index with volatility equal to or less than the Index. The Fund invests a minimum of 75% of its assets in a diversified selection of small to medium capitalization United States corporations trading on major US stock exchanges. No equity holding of a single corporation, either through direct holdings or indirectly though an investment in another investment fund, will exceed 5% of the Fund's assets.