ROI Mutual Funds SEMI-AnnuAl REpoRt 2012

SEMI-AnnuAl REpoRt 2012 As at June 30, 2012 roicapital.ca Table of Contents Management’s Responsibility for Financial Reporting...............................................................1 ROI Canadian Retirement Fund – Statement of Investments.................................................... 2 ROI Canadian Retirement Fund – Statements of Net Assets..................................................... 3 ROI Canadian Retirement Fund – Statements of Operations.................................................... 4 ROI Canadian Retirement Fund – Statements of Changes in Net Assets................................. 5 ROI Canadian Retirement Fund – Statements of Cash Flows................................................... 6 ROI Global Retirement Fund – Statement of Investments......................................................... 7 ROI Global Retirement Fund – Statements of Net Assets........................................................ 10 ROI Global Retirement Fund – Statements of Operations....................................................... 11 ROI Global Retirement Fund – Statements of Changes in Net Assets....................................12 ROI Global Retirement Fund – Statements of Cash Flows...................................................... 13 ROI Canadian Top 30 Small Cap Picks Fund – Statement of Investments............................. 14 ROI Canadian Top 30 Small Cap Picks Fund – Statements of Net Assets.............................. 16 ROI Canadian Top 30 Small Cap Picks Fund – Statements of Operations............................. 17 ROI Canadian Top 30 Small Cap Picks Fund – Statements of Changes in Net Assets ......... 18 ROI Global Supercycle Fund – Statement of Investments....................................................... 19 ROI Global Supercycle Fund – Statements of Net Assets........................................................ 21 ROI Global Supercycle Fund – Statements of Operations....................................................... 22 ROI Global Supercycle Fund – Statements of Changes in Net Assets.................................... 23 ROI Canadian Top 20 Picks Fund – Statement of Investments............................................... 24 ROI Canadian Top 20 Picks Fund – Statements of Net Assets................................................ 25 ROI Canadian Top 20 Picks Fund – Statements of Operations ............................................... 26 ROI Canadian Top 20 Picks Fund – Statements of Changes in Net Assets............................ 27 Notes to Financial Statements ....................................................................................................28 Corporate & Shareholder Information........................................................................................ 51 Management’s Responsibility for Financial Reporting August 27, 2012 The accompanying financial statements have been prepared and approved by ROI Management Ltd., the manager of the Funds. The Funds’ manager is responsible for the information and representations contained in these financial statements. These statements have not been audited or reviewed by the Funds’ auditor. ROI Management Ltd. maintains appropriate processes to ensure that relevant and reliable financial information is produced. The financial statements have been prepared in accordance with accounting principles generally accepted in Canada and include certain amounts that are based on estimates and judgments. The significant accounting policies which management believes are appropriate for the Funds are described in note 2 to the financial statements. John Sterling Executive Chairman ROI Management Ltd. David Dundas Chief Financial Officer ROI Management Ltd. ROI Mutual Funds 1 Statement of Investments As at June 30, 2012 (Unaudited) Description Par value $ (number of shares) Average cost $ Fair value $ Equity – 2.60% Apple Inc. Investments in Underlying Funds – 67.63% Large Cap – 40.47% ROI Canadian Top 20 Picks Fund, Series R Small-Mid Cap – 27.16% ROI Canadian Top 30 Small Cap Picks Fund, Series R Total Investments in Underlying Funds Private Investments – 15.57% 2139654 Ontario Limited (Novo Plastics Inc.), April 2016 Digital Specialty Chemicals Limited, October 2013 Masterfile Corporation, July 2013 Storage Capital (2) LP, January 2014 Vickers-Warnick Financial Ltd., April 2013 Total Investments – 85.80% Short-Term Investment – 14.92% CIBC Mellon Trust Demand Deposit, Variable Rate Total Investments – 100.72% Transaction Costs included in Securities Cost Liabilities, Net of Other Assets – (0.72%) Net Assets 1,500 1,387,648 745,713 4,910,243 67,909 42,000 250,000 83,125 5,116,559 772,149 772,149 15,178,046 15,178,046 10,264,177 10,264,177 25,442,223 4,910,243 61,091 42,000 250,000 83,125 5,346,459 31,560,831 5,116,559 36,677,390 (1,643) 893,022 893,022 13,879,396 13,879,396 9,315,452 9,315,452 23,194,848 4,899,502 102,886 37,835 251,271 49,875 5,341,369 29,429,239 5,116,559 34,545,798 – (248,588) 34,297,210 The accompanying notes are an integral part of these financial statements. 2 ROI Mutual Funds Statements of Net Assets As at June 30, 2012 (Unaudited) with comparative figures as at December 31, 2011 ASSETS Cash Investments, at fair value (cost $31,559,188; 2011 – $43,330,267) Short-term investments (cost $5,116,559; 2011 – $368,946) Receivable for investments sold Interest and dividends receivable Subscriptions receivable HST receivable LIABILITIES Bank overdraft Distributions payable Unearned venture capital income Redemptions payable Accrued expenses Net Assets Net Assets per Series [note 9] Series A Series 5 Series 7 Series F Series F-5 Series F-7 Series O Series R Net Assets per Series [note 9] Series A Series 5 Series 7 Series F Series F-5 Series F-7 Series O Series R 2012 $ – 29,429,239 5,116,559 3,046 16,598 250 25,371 34,591,063 58,781 – ... - tailieumienphi.vn