Prices and Performance

The chart shows the value of A$100 invested in the Fund and in the Benchmark over the selected period. The Fund's return assumes that distributions are reinvested and does not incorporate buy/sell spreads.

The inception date of the fund was the 30th June 2005. Price and performance data relates to the Investor Class.

"Price" means Net Asset Value per Unit. "Application Price" is equal to the Net Asset Value per Unit plus 0.20% (the entry spread). "Redemption Price" is equal to the Net Asset Value per Unit minus 0.20% (the exit spread). All prices are stated net of distributions and all fees. All prices are calculated by the Fund's administrator, except for the "Price plus reinvested distributions" value, which is calculated by Orbis based on the "Price" plus the applicable distribution amount.

Returns are net of fees, include income, assume reinvestment of distributions and exclude any spreads that might be payable on some transactions. Returns for periods of more than one year are annualised.

The benchmark is the MSCI World Index with net income (AUD). The MSCI World Index data source is MSCI Inc. "MSCI" is a trademark of MSCI Inc.

Past performance is not necessarily indicative of future performance. Fund prices will fluctuate and there is no guarantee that an investor's capital will be preserved.