These products are similar to traditional equity mutual funds. They are long only, return oriented, highly concentrated equity products that do not engage in short selling. This product category is well suited to individuals, pension plans, foundations and endowments with three-year investment horizons, slightly above average risk tolerances and above average return requirements. Hillsdale offers clients the US Performance Equity Fund or the Canadian Performance Equity Fund.

US Performance Equity Fund

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 account will invest a minimum of 75% of its assets in a diversified selection of small to mid cap US corporations trading on major US exchanges. No single equity position will exceed 5% of the account's assets.

Canadian Performance Equity Fund

The investment objective of the strategy is to provide a rate of return on capital in excess of the S&P/TSX Small Cap Index with volatility equal to or less than the Index. The Fund invests a minimum of 75% of the assets in a diversified selection of small cap Canadian corporations and unit trusts trading on major Canadian exchanges. No single equity position exceeds 5% of the account's assets. The Fund limits its purchases of securities in the S&P/TSX Composite Index so that the aggregate S&P/TSX Composite Index market weight, determined at the time of purchase of these securities, does not exceed 10%.