Financial Statements & Management Reports of Fund Performance


Caldwell Mutual Funds:

Caldwell Canadian Value Momentum Fund
Caldwell North American Fund (formerly Caldwell Balanced Fund), Tactical Sovereign Bond Fund
Caldwell U.S. Dividend Advantage Fund


Caldwell Mutual Funds:

Caldwell Canadian Value Momentum Fund
Caldwell North American Fund (formerly Caldwell Balanced Fund)
Caldwell U.S. Dividend Advantage Fund
Tactical Sovereign Bond Fund