TDAM (Cyprus) Limited (TDAM) is licensed by the Cyprus Securities and Exchange Commission, to operate as a Cypriot Investment Firm, under License number CIF 033/04 dated 20/07/2004. TDAM is also a member of the Cyprus Investor Compensation Fund.  The terms of TDAM's licence allow it to perform the following licensed activities:

• Portfolio management
• Investment advice

Additionally, TDAM is licensed to provide the following ancillary service:

• Safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management.

On May 3, 2006 the Troika Russia Fund was launched, which is managed by TDAM. A summary of the recent activity of the Fund can be downloaded in the attached pdf. Investors seeking more information should contact Vitaly Natarov of TDAM using the contact information on the left. Basic performance information can be accessed on Bloomberg using the ticker TRORUFM KY.

Enhanced Risk Disclosures Statement
MiFID, Pillar III Disclosures