Our security and portfolio selection process is based upon three guiding principles:

	Extensive Credit Evaluation - The professionals in TD Lancaster have many decades of investment management experience. For debt portfolios, the ability to assess credit risk can both avoid the cost of late payments or defaults and allow the managers to invest and participate in the extra return of mispriced securities. We have never experienced a default or late payment of interest.
	Management of Yield Curve - Our exposure along the yield curve is based on a mathematical analysis of the forward yields discounted within the current yield curve. We compare this to our expected future yield curve and invest in areas of the curve where the total return to our horizon date is most attractive. Our definition of attractive encompasses both return and risk.
	Management of Duration - A range of average terms for the fund would be set by the client. Once these parameters are set, TD Lancaster will manage the funds to the best advantage within these guidelines.

TD Lancaster Investment Counsel ("TD Lancaster"), a division of TD Asset Management Inc.