Portfolio Index Evolution

PIE Fund Prices - as of February 2, 2009

	Income	Cdn Equity	US Equity	Int'l Equity	Emerging Mkt		Alt Strategies
A	10.5047	10.5933	10.0041	10.3681	11.3479	0	12.9899
F	10.3115	9.9759	9.9975	10.3634	11.1495		12.9775
I	10.5431	10.7123	10.5163	10.1714	10.6424		13.1170

The Portfolio Index Evolution solution
Tax-efficient strategic index-based portfolios take the guesswork
out of investment management

PIE Client
Presentation

Portfolio Index Evolution (PIE) is a unique portfolio service, giving you access to a wide variety of diversified, tax-efficient, index-based strategies.

The PIE Funds

Six corporate-class funds holding index-tracking exchange-traded funds (ETFs), diversified across three asset classes and four geographic regions. More...

The wealth creators

Surprisingly, security selection accounts for only 2% of wealth creation. Here’s what you must know about the other 98%. More...

The value of indexing

Index investing takes the guesswork out of portfolio management. More...

A choice of PIEs

Whatever your investment style, whatever your risk tolerance, there’s a PIE just for you. More...

Additional information about the PIE Funds is available in the Annual Information Form and the Simplified Prospectus. Click on the links below to view these documents now. These documents are also available free of charge by calling 905-695-7777 or toll-free 1-877-249-2884, from your Dealer, or by e-mail at info@croftgroup.com. In addition, these documents and other information about the Funds are available at www.sedar.com.

Simplified Prospectus

Annual Information Form

Management Reports of Fund Performance

Class A-1 Income* (Series A, F and I)

Class B-1 Canadian Equity* (Series A, F and I)

Class C-1 U.S. Equity* (Series A, F and I)

Class D-1 International Equity* (Series A, F and I)

Class E-1 Emerging Markets Equity* (Series A, F and I)

Class F-1 Alternative Strategies* (Series A, F and I)

* Classes of shares of PIE Portfolio Index Evolution Corporation

Financial Statements

For six months ended June 30, 2009