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Topic: How To Invest

Scotia U.S. Growth Fund $6.49

SCOTIA U.S GROWTH FUND $6.49 (CWA Rating: Conservative) (Scotia Securities, 40 King Street West, 6th Floor, Toronto, Ontario M5H 1H1. 1-800-268-9269; Website: www.scotiabank.com. No load — deal directly with the company.) looks at a company’s fundamentals such as earnings, dividend yield, book value, cash flow and low debt, as well as its management, to find undervalued stocks.

The $36.0 million Scotia U.S. Growth Fund’s top holdings include Wells Fargo (diversified financial services), Oracle Corporation (software), Snap-on Inc. (professional tools), JP Morgan Chase (financial services), ExxonMobil Corporation, Microsoft, Lockheed Martin (space & aeronautics), PepsiCo, Conoco- Phillips and Eli Lilly & Co. (pharmaceuticals).

The fund’s one-year loss in Canadian dollars is 21.3%, compared to a loss of 18.2% for the S&P 500 in Canadian funds over the same period. The fund’s MER is 2.56%.

Scotia U.S. Growth Fund is a buy.

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