Returns are presented gross of management fees and for the period 01 June 2008 through 31 March 2012. Investors should be aware that short term performance can be volatile and that past performance is not necessarily a good indication or guideline of future performance.

Returns are presented net of management fees and for the period 01 May 2009 through 31 March 2012. Investors should be aware that short term performance can be volatile and that past performance is not necessarily a good indication or guideline of future performance.