Validea Guru Stock Report - O'Shaughnessy Portfolio May 8th 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 the Growth/Value Investor model portfolio based on the strategy of James O’Shaughnessy. From 8/6/2010 to 05/08/2017, this portfolio has returned 86.7% vs. 32.1% for the TSX (price returns only).