31 October 2008

| Income Fund 12 Months Performance: 1.64%. Income Fund Performance since inception: 110.58% | Balanced Growth Fund 12 Months Performance: -7.46%. Balanced Growth Fund Performance since inception: 115.05% | Global Fund 12 Months Performance: 4.72%. Global Fund Performance since inception: 69.32% | Global Active Fund (USD) 12 Months Performance: -21.66%. Global Active Fund Performance since inception: 10.32%