Altamira Energy Fund

Fund Performance Average Annual Returns for the periods ended 7/31/2008

Inception  Date 3M 6M YTD 1Y 2Y 3Y 4Y 5Y 10Y Since  Inception  % % % % % % % % % 10/20/2004 0.9 21.2 9.7 9.7 9.1 13.8 - - - 24.1

Annual Returns for periods ended 7/31

2008  2007  2006  2005  2004  2003  2002  2001  2000  1999  % % % % % % % % % % 9.7 (4.9) 68.5 - - - - - - -

$10000 invested from 10/28/2004 to 7/31/2008

Fund Distributions

The Fund's income is distributed annually. All distributions of the Fund will be automatically reinvested for you in additional units of the Fund unless you request they be paid to you in cash. To receive a distribution in cash, it must be greater than $25.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. Please read the prospectus before investing. The Average Annual Returns are for the periods ended July 31, 2008, and are the simple rates of return (ytd, 3 mths, and 1 yr) or the historical annual compounded rates of return (2, 3, 4, 5, 10 yrs and since inception). The Annual Returns are the historical annual simple returns for the one year periods ending July 31. All rates of return shown include changes in share/unit value and reinvestment of all dividends/distributions, and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

A 2% early withdrawal fee (which is payable to the fund) applies to all Altamira Funds, except the Altamira T-Bill Fund and the Canadian and Global Income Funds, upon redemption or exchange proceeds attributable to units or shares purchased and held less than 30 days.

More up-to-date performance data may be obtained from Altamira Financial Services Ltd.

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