FUND FACT SHEET - Rival Capital Management Inc.

FUND FACT SHEET DECEMBER 2014 Fund Facts Fund Description Rival North American Growth Fund Rival North American Growth Fund Unit Value: $ 9.56* Rival North American RRSP Growth Fund Rival North American RRSP Growth Fund Unit Value: $ 8.45* 
The Rival North American Growth Fund is a small to mid‐cap equity focused fund that invests from both a long and short perspective. The portfolio will normally be relatively concentrated and is not expected to exceed 30 long and 30 short positions. The portfolio may also include from time to time, preferred shares, government bonds, corporate debentures, installment receipts, convertible debentures, warrants, income trusts and other securities. As of December 31, 2014 As of December 31, 2014 Inception Dates: Rival North American Growth Fund LP‐
Rival North American Growth Fund LP‐April 1, 2007 April 1, 2007 Rival North American RRSP Growth Fund‐
Rival North American RRSP Growth Fund‐July 1, 2008 July 1, 2008 Fund Profile Investment Objectives The Rival North American Growth Fund’s primary objective is to deliver positive absolute returns, while preserving capital through risk management of the portfolio. Investment Strategy Rival employs a top down/growth/momentum approach to investing. Rival’s process combines a disciplined technical and fundamental approach with a proprietary screening process to identify stocks exhibiting superior earnings and sales growth along with positive technical characteris‐
tics. Short positions are taken to hedge the overall risk of the portfolio as well as to take advan‐
tage of stocks displaying deteriorating technical and fundamental characteristics. Fund Focus Small and mid‐cap equity long/short fund Investment Style Top down/growth/
momentum Portfolio Manager Antoni (Tony) Warzel Risk Management Process Administrator IAS Inc. and SGGG FSI Rival employs several strategies to manage risk that may include (but are not limited to): Legal Counsel Thompson Dorfman Sweatman LLP Legal Counsel/
Compliance Law Office of Donald I. Campbell 1. Hedging strategies to mitigate stock, sector, currency and/or market risk. 2. Continual screening of holdings in the portfolio. 3. Generally limiting the loss in any one position. 4. Limiting the net long position of the portfolio to 150% and the net short position to 50%. 5. Profit taking on over‐extended stocks. Auditor BDO Canada LLP Prime Broker Cormark Securities Incorporated Trustee for RRSP Fund Canadian Western Trust Performance Fee 20% Management Fee 2% of assets Minimum Initial Subscription $150,000 Manager Profile Antoni (Tony) Warzel, B.Comm (Honours), CFA President and Chief Investment Officer Tony is a co‐founder of Rival Capital Management Inc. and is the firm's President and Chief Invest‐
ment Officer. Tony acts as Rival Capital's primary portfolio manager. His previous money manage‐
ment experience includes direct portfolio management responsibility for several mandates with aggregate assets of over $1.3 billion. His previous experience includes small and mid cap, dividend and science and technology mandates. Tony has been in the investment management industry for 20 years and has in‐depth knowledge of the mining, metals and technology sectors.
Monthly Performance (%) Net of All Fees Year Fund Jan 2014 Rival North American Growth fund 2013 Rival North American Growth fund 2012 Jun Jul Aug Sep Oct Nov Dec YTD ‐6.82% Feb Mar Apr May ‐0.45 4.13 ‐1.17 2.00 ‐0.33 2.43 ‐2.40 2.35 ‐7.52 ‐5.49 4.19 ‐3.99 ‐0.66 ‐4.01 2.57 ‐1.89 3.42 ‐0.32 4.33 ‐2.90 3.03 1.53 0.18 2.07 7.21% Rival North American Growth Fund ‐0.22 0.20 ‐2.52 ‐0.36 ‐5.80 0.67 ‐0.35 0.12 3.57 ‐0.57 0.45 2.93 ‐2.17% 2011 Rival North American Growth Fund ‐5.65 1.63 ‐3.84 ‐6.36 ‐1.06 ‐3.82 3.20 ‐7.68 ‐5.69 0.53 ‐5.16 ‐4.64 ‐32.87% 2010 Rival North American Growth Fund 0.34 1.73 0.57 0.94 ‐4.09 1.10 ‐2.94 0.63 9.70 2.98 5.93 7.68 26.47% 2009 Rival North American Growth Fund ‐3.51 ‐1.03 1.94 3.40 7.65 ‐1.89 ‐2.24 1.06 8.94 ‐1.39 0.97 3.75 18.19% 2008 Rival North American Growth Fund ‐5.56 6.15 ‐5.99 1.83 9.10 ‐0.17 ‐6.67 ‐2.03 ‐5.39 ‐0.27 0.68 ‐0.71 ‐9.85% 2007 Rival North American Growth Fund 3.83 ‐0.17 ‐0.46 2.52 ‐2.16 2.99 3.40 ‐3.55 1.76 8.18% Note: inception of the Rival North American RRSP Growth Fund was July 1, 2008; returns match those of the Rival North American Growth Fund since that date. 160‐99 Scurfield Boulevard, Winnipeg, MB R3Y 1Y1 Phone: 204‐992‐6210 Fax: 204‐992‐6215 Email: [email protected] 301—1205 West Hastings Street, Vancouver, BC, V6E 4T7 Phone: 778‐373‐9695 Email: [email protected] www.rivalcapital.ca FUND FACT SHEET DECEMBER 2014 Monthly Performance (%) Net of All Fees $1,400
Rival North American Growth Fund LP
Company Information Rival Capital Management Inc. (Rival) is a Cana‐
dian based asset manager that was formed to provide an alternative option to a long only small cap fund. Rival’s primary objective is preserva‐
tion of capital while delivering positive risk ad‐
justed returns in all market environments. Rival does this through investing from both a long and short perspective. Rival acts as advisor to the Rival North American Growth Fund and the RRSP eligible Rival North American RRSP Growth Fund. S&P/TSX Small Cap Index (Total Return)
$1,200
$1,000
$800
$600
Dec‐14
Jun‐14
Sep‐14
Dec‐13
Mar‐14
Jun‐13
Sep‐13
Dec‐12
Mar‐13
Jun‐12
Sep‐12
Dec‐11
Mar‐12
Jun‐11
Sep‐11
Dec‐10
Mar‐11
Jun‐10
Sep‐10
Dec‐09
Mar‐10
Jun‐09
Sep‐09
Dec‐08
Mar‐09
Jun‐08
Sep‐08
Dec‐07
Mar‐08
Jun‐07
Sep‐07
Inception
$400
Geographical Allocation (%) CANADA USA
51.17%
50%
Sector Weightings (% of portfolio) as of December 31, 2014 40%
50%
Rival Capital 40%
54.86%
60%
S&P/TSX Composite Index
20%
LONG
30%
30%
20%
10%
0%
10%
‐10%
‐20%
Leverage Statistics Performance Statistics 140%
% of months above the Benchmark* (BM) when the BM is negative % of months above the Benchmark* (BM) when the BM is positive Sharpe Ratio Standard Deviation 120%
100%
80%
60%
40%
20%
Oct‐14
Jul‐14
Apr‐14
Jan‐14
Oct‐13
Jul‐13
Apr‐13
Jan‐13
Oct‐12
Jul‐12
Apr‐12
Jan‐12
Oct‐11
Jul‐11
Apr‐11
Jan‐11
Jul‐10
Oct‐10
Jan‐10
Apr‐10
Jul‐09
Oct‐09
Jan‐09
Apr‐09
Jul‐08
Oct‐08
Apr‐08
Jan‐08
Jul‐07
Oct‐07
0%
Apr‐07
SHORT
0%
‐8.36%
0.00%
Cash
Materials
Information Technology
Utilities
Consumer Staples
Health Care
Telecom Services
Consumer Discretionary
Industrials
Financials
Energy
‐10%
74.36% 27.78% 0.01% 13.08% *Benchmark (BM) is the S&P/TSX SmallCap Index. This is shown for informa‐
tional purposes only. This report has been prepared solely for informational purposes and should not be construed as an offer or solicitation to buy or sell securities sponsored or managed by Rival Capital Management Inc. or its affiliates. It is not intended to provide specific investment advice and you should seek independent advice prior to making any investment decisions. While care is taken to ensure the accuracy within, information may also be compiled utilizing information provided by third party sources. Every effort has been made to ensure the accuracy of such third party information but such information cannot be guaranteed to be accurate. Units in the Rival North American Growth Fund and the Rival North American RRSP Growth Fund are available by way of offering memorandum in certain Canadian jurisdictions and to individuals who meet specific investment criteria. The performance data herein represents past performance and is not necessarily indicative of future performance and is not intended to reflect future values. The Rival North American RRSP Growth Fund buys units in the Rival North American Growth Fund as a unitholder and as such is not subject to two levels of man‐
agement and performance fees. The returns for the Rival North American Growth Fund are calculated by the Fund’s third‐party administrator the Investment Administration Solution Inc.; the returns for the Rival North American RRSP Growth Fund are calculated by the Fund’s third‐party administrator SGGG FSI. Fund performance numbers reported herein are unaudited and may be subject to minor changes. The S&P/TSX SmallCap Index and the S&P/TSX Composite Index returns reported herein are provided by TD Securities Inc. 160‐99 Scurfield Boulevard, Winnipeg, MB R3Y 1Y1 Phone: 204‐992‐6210 Fax: 204‐992‐6215 Email: [email protected] 301—1205 West Hastings Street, Vancouver, BC, V6E 4T7 Phone: 778‐373‐9695 Email: [email protected] www.rivalcapital.ca

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