Portfolio Commentary

Cymbria Corp.

Sector Allocation

As at December 31, 2011

Sector	Portfolio (%)
Information Technology	23.03%
Health Care	19.12%
Industrials	13.68%
Consumer Discretionary	12.25%
Diversified Financials	7.202%
Banks	6.63%
Insurance	5.83%
Cash and Other Net Assets	5.71%
Media	4.86%
Materials	1.68%
Total	100%