Validea Guru Stock Report - Neff Portfolio March 10th 2017

Validea has developed portfolios based on the investment strategies of history's most successful stock pickers, including Peter Lynch, Warren Buffett, Benjamin Graham, Martin Zweig, Ken Fisher and Joel Greenblatt. Each month, the portfolios are rebalanced and the top rated Canadian stocks are selected for the portfolio. This report contains the current holdings in our Low P/E Investor model portfolio based on the strategy of John Neff.  From 8/6/2010 to 03/10/2017, this portfolio has returned 90% vs. 31.4% for the TSX (price returns only).