Acuity Money Market Fund Top Holdings

Government of Canada T-Bill 1.5% - May 29, 2008
Government of Canada T-Bill 3.42% - May 01, 2008
Government of Canada T-Bill 3.4% - May 01, 2008
Government of Canada T-Bill 2.6% - May 29, 2008
Government of Canada T-Bill 3.39% - May 01, 2008
Government of Canada T-Bill 3.22% - May 01, 2008
Government of Canada T-Bill 3.2% - May 01, 2008
Government of Canada T-Bill 3.41% - May 01, 2008
Government of Canada T-Bill 3.49% - May 01, 2008
Government of Canada T-Bill 3.22% - May 15, 2008
Government of Canada T-Bill 1.98% - June 26, 2008
Government of Canada T-Bill 2.57% - July 10, 2008
Government of Canada T-Bill 4.22% - May 01, 2008
Government of Canada T-Bill 2% - May 29, 2008
Government of Canada T-Bill 1.97% - July 10, 2008

All returns are historical annual compounded rates of return and reflect changes in unit value and distributions reinvested. They do not take into account sales charges or administrative fees, payable by unitholders, which would have reduced returns. Past performance does not guarantee future results. Your unit value and investment return will fluctuate. Important information about any mutual fund is contained in its simplified prospectus which should be read carefully before investing. Copies of Acuity Funds Ltd.'s prospectus are available from your investment advisor or Acuity Funds Ltd.