Current Financial Situation

AFBS Fund Returns at December, 2011

The AFBS RRSP General Fund increased 0.3% for the month of December and increased 0.1% for the year ended December, 2011. The AFBS RRSP Bond Fund increased 1.4% in December and returned 7.4% for the year ended December, 2011.

The AFBS RRIF Bond Fund increased 1.4% for the month of December and returned 7.7% for the year ended December, 2011. The AFBS RRIF Balanced Fund increased 0.3%% for the month of December and returned 0.7% for year ended December, 2011.

The AFBS TFSA General Fund increased 0.5% for the month of December and returned 0.3% for the year ended December, 2011. The AFBS TFSA Bond Fund increased 1.2% for the month of December and returned 5.9% for the year ended December, 2011. Under the TFSA rules, all investment income is tax-free.

Remember, AFBS has one of the lowest fees (Management Expense Ratio or MER at approximately .47%) in Canada, which helps to contribute to our strong long-term returns.

AFBS Member Account Statements Available On-Line

Access to your RRSP, RRIF and TFSA monthly statements are available on-line at the AFBS website www.actrafrat.com. On-line, secure registration is simple and you only need to register once.

Very Competitive Fee Structures

RRSP, TFSA account holders: AFBS fees (all inclusive) at approximately .47% of account balances per annum are among the lowest in Canada (Canadian median for Balanced Funds is 2.58%).

If you invested $10,000 with AFBS over 20 years, the spread between commercial funds and AFBS funds, would be more than $20,000 - something to keep in mind if you are contemplating transferring your account(s) from AFBS to a commercial financial institution.

With respect to AFBS RRIF account holders, AFBS pays 100% of the cost of investing and managing your AFBS RRIF account. This translates to zero fees ($0) which are, undeniably, the lowest fees in Canada -- all helping to bolster returns for our senior Members.

Your Retirement Funds are Conservatively Invested

• 60% equities and 40% bonds in the General Fund
• BBB+ corporate and government bonds only
• Structured balance of growth and value philosophies

Balanced Risk - Six AFBS Investment Managers

• Aberdeen Asset Management PLC (Global Equities)
• AGF Management Ltd.
• Beutel Goodman (Canadian Bonds)
• Foyston Gordon Payne (Canadian Equities)
• Greystone Capital (Canadian Bonds and Equities)
• PCJ Investment Council

Investment Managers Are Carefully Monitored

• External investment counsel monitors investment managers
• Investment Committee of the Board reports to the Board
• Board reviews performance and takes action where appropriate

Average return over 35 calendar years - 10.7% Number of years with negative returns - 4 Number of years with double-digit returns - 22 Click To View Chart

Your Money Matters

The Fourth Quarter 2011 in review. Click to View PDF

Your RRIF Report

The Fourth Quarter of 2011 in review. Click to View PDF