VCL Index

• The VCL Index* comprises all companies
that VCL has worked for since 2003.
• It measures the financial gain as a percentage
of what an investment of C$1 worth of each stock or unit offered would have
returned over the period from the introduction date to current.
• The introduction date is deemed to be
the date VCL first commenced work for the company and introduced
it to the buy side market.

* The VCL Index is
not a ‘return on
capital’ calculation and is therefore lower than the
return on capital of the VCL prop. investment book.