Fund Performance Bulletin

Fund Performance Bulletin April 0, 2007 April 0, 2007 Page of

0 PATHFINDER B20 Hansard Pathfinder UK 29/0/99.42..2 0.0 8.82 44. 4.8 N/A 4.20.99 C20 Hansard Pathfinder America /2/98.28.44 2.9 7.79 8.0 2.0 2. N/A 2.4.42 C22 Hansard Pathfinder Global 29/0/99.282.8 2.89 9.7 8.4 0.4 7. N/A 28.20.9 C24 Hansard Pathfinder Steadfast 2/0/00.448.4 4.8 9.20 4.7.9 2.07 N/A 44.80.4 X20 Hansard Pathfinder Europe 29/0/99..48.2.47.0 4.70 22.4 N/A.0.9 UK STERLING B0 Hansard UK Sterling Managed 9/02/90 0.2 0.8.97.8.0 9.77 4.0 8.9 22.0 7. B02 Hansard UK Equity 9/02/90 0. 0.78 2.7 9.8 7.7 4.0 4.84 97.8 20.0 7.8 B0 Hansard UK Fixed Interest 9/02/90 0.72 0.40 -.7 -.9-0.9 7.4 8.9 8.02 27.0 7.9 B04 Hansard UK Sterling Deposit 9/02/90 0.297 0.2 0.0.4.2 9.74.4 47.4 97.40. B08 Hansard International Growth 04/04/90 0. 0.8 4.0 7.98 9.2 4.47 7.8 7.0 2.0 7.70 B09 Hansard UK Sterling Cautious /0/9 0.24 0.27 0.8 2.79 2.79 2.7. 82.9 4.0.78 B0 Hansard UK Sterling Growth /0/9 0.4 0.7. 8.44.8.8 7.8 2.7 244.90 9.09 B Hansard Forsyth Wealthbuilder Balanced GBP 08/09/04.292.9 2.8 9.2.78 N/A N/A N/A 29.20 N/A DB0 Hansard UK Sterling Deposit Bond 02/0/94 8.4 8.4 0..89.7. 8.2 7.02 8.40 4.74 April 0, 2007 Page 2 of

0 MB0 Hansard Investec European High Income Bond 28/07/92 0.7 0.8 -.0.8.42 20.9 48.70.28 7.00.72 MB20 Hansard Glanmore Property 4//02.44.49-0.8.09.. N/A N/A 4.40 N/A MB27 Hansard Close PIP Sterling 09/07/04.99.29 0.08.8 9.0 N/A N/A N/A 9.90 N/A MB28 Hansard JPMF Natural Resources 8//04 2.08 2.247 9.94 29. 9.82 N/A N/A N/A 08.00 N/A MB0 Hansard Sterling Global Equity 80% Capital Protector 0/0/0.0. 2.0 4. N/A N/A N/A N/A.0 N/A MB Hansard Citigroup S&P Global STARS 80% Protected GBP 29/09/0.047. 2.0 4.70 N/A N/A N/A N/A 4.70 N/A MB2 Hansard Nomura Global Property 80% Protected GBP 2/0/0.27.28 4.2 N/A N/A N/A N/A N/A 2.70 N/A MB Hansard Nomura S&P Diversified Trends Index 80% Protected GBP 0/0/0 0.98.08-0.2 N/A N/A N/A N/A N/A -2.0 N/A MB4 Hansard Global Multi-Asset Protector GBP //0.07.099 2.7 N/A N/A N/A N/A N/A.70 N/A WPS00 Hansard Britannic Sterling With Profits Fund S ** 2/09/0.2.2 0.4 2.8.40 8.00 0. N/A 2.04 2.0 WPS002 Hansard Britannic Sterling With Profits Fund S2 ** 0/0/02.4.4 0.4 2.8.40 0.0.40 N/A.40 2.47 WPS00 Hansard Britannic Sterling With Profits Fund S ** 0/0/02.222.222 0.4 2.8.4.9 N/A N/A 22.2 N/A WPS004 Hansard Britannic Sterling With Profits Fund S4 ** 04/09/02.204.204 0.4 2.8.40.24 N/A N/A 20. N/A WPS00 Hansard Britannic Sterling With Profits Fund S ** 0/2/02.22.22 0.4 2.80.4 7.0 N/A N/A 22.08 N/A WPS00 Hansard Britannic Sterling With Profits Fund S ** 0/0/0.7.7 0.42 2.80.99.70 N/A N/A.7 N/A US DOLLAR April 0, 2007 Page of

0 C0 Hansard US Dollar Managed 9/02/90 0.27 0..2 0.0.8 4.78 4.72 8.20 22.70 7. C02 Hansard US Stock Market 9/02/90 0.4 0.4 2.8 8.4 4.2.78 2.4 09.02.00 8.90 C0 Hansard US Fixed Interest 9/02/90 0.24 0.2 -.0.9 4..98 20.22 7.2 4.20.2 C04 Hansard US Dollar Deposit 9/02/90 0.84 0.97 0.27.8..70.9 0.42 8.0.0 C0 Hansard Pacific Managed 9/02/90 0.4 0..02 8.70 -.9 0.2 9.90 -.42 40.00.98 C07 Hansard International Bond 04/04/90 0.27 0.277-0.2.0.4 4.9 7.77.4.80.70 C08 Hansard Latin America Equity 28/07/92 0.0 0.44 9. 28.2 28.2 209.98.00 28. 40.40.2 C09 Hansard South East Asia 28/07/92 0.87 0.202 7.8 20. 8. 70.8 4.9 2. 87.40 4. C0 Hansard US Dollar Cautious /0/9 0.27 0.2.8.8 4.87 9.82 28. 82.0 7.00.2 C2 Hansard US Momentum 27/04/94 0.02 0.4.8 0.8 7.8 9.48 29.9 24.80 402.40.7 C Hansard Forsyth Wealthbuilder Balanced USD 27/02/0.42.774.7 7. 7. 28.08 N/A N/A 4.20 N/A DC0 Hansard US Dollar Deposit Bond 02/0/94.8.8 0.8 2. 4.4 7.4 9.02 8.4 8.0.7 MC02 Hansard Invesco Emerging Markets Equity /09/9 0.2 0.27 9.09 22.42 4.2 9.2 7.2.99.0.2 MC0 Hansard Barings Europa /09/9 0. 0.9 4.4 2.24 28.20 9.7.79 00. 2.40 8.70 MC04 Hansard Invesco Pan European Small Cap Equity /09/9 0.8 0.44 7.0.2.89 9.2 8.8 2.00 282.80 9.0 MC0 Hansard Invesco Japanese Equity /09/9 0.09 0.074 -.72 0.29 -.7 24.2.4 -.8 -.0-2.8 MC07 Hansard Invesco Nippon Small/Mid Cap Equity 2/08/9 0.004 0.004 0.00-2.8-28.07 -.7 0.8-4. -9.90-8.48 April 0, 2007 Page 4 of

0 MC00 Hansard HSBC GIF Chinese Equity 2/0/0.82 2.0 8.8 0.94 7.2 N/A N/A N/A 8.20 N/A MC0 Hansard HSBC GIF Indian Equity 09//0.44. 4..4.8 N/A N/A N/A 44.0 N/A MC02 Hansard HSBC GIF BRIC Freestyle ** 2/0/0.07.28 9.28 8.7.0 N/A N/A N/A 0.70 N/A MC0 Hansard Enhanced Real Absolute Return 28/02/0 0.9.0 0.7-0.78-4.2 N/A N/A N/A -4.40 N/A MC04 Portfolio Hansard Nomura Global Emerging Markets 80% Protected 0/0/0.07..80 9.48 N/A N/A N/A N/A 7.0 N/A MC09 Hansard Financial Foundations 2/09/0.004.084 0.4 0.40 N/A N/A N/A N/A 0.40 N/A MC Hansard Fidelity Malaysia /09/9 0.24 0.28 2..90..2 02.4-4.7 4.00.4 MC0 Hansard HSBC BRIC Markets 08/08/0.84.279 9.2 8.7 N/A N/A N/A N/A 8.40 N/A MC Hansard Miton Optimal Global 02/0/0.042.2-0.8 4.20 N/A N/A N/A N/A 4.20 N/A MC2 Hansard Miton Optimal Special Situations 02/0/0.04. -.04 4.0 N/A N/A N/A N/A 4.0 N/A MC Hansard Citigroup S&P Global STARS 80% Protected USD /0/0.0.4.0 N/A N/A N/A N/A N/A.0 N/A MC4 Hansard Nomura Global Property 80% Protected USD 27/0/0.097.84.0 N/A N/A N/A N/A N/A 9.70 N/A MC USD Hansard Nomura S&P Diversified Trends Index 80% Protected 0/0/0 0.988.08-0.7 N/A N/A N/A N/A N/A -. N/A MC Hansard Global Multi-Asset Protector USD //0.0.094 2.82 N/A N/A N/A N/A N/A.0 N/A MC2 Hansard Fidelity Singapore /09/9 0.2 0.27.4 42.88 0.. 4.9 4. 4.90.20 MC Hansard Fidelity Thailand /09/9 0.8 0.20.2 9.77 0.7 2.04 7.8-8.2 8.40 4.0 MC Hansard Barings Australia /09/9 0.7 0.78 9. 28.8 2.22 94.8 7.7 2.9 0.0.42 April 0, 2007 Page of

0 MC Hansard Barings Korea 2/08/9 0.22 0.229 7.0 20.8.2 9.88 7.08 220.2 2.0 4.9 MC7 Hansard Invesco Newly Industrialised Countries /09/9 0.8 0.4 7.00 24.9 2.0 7.2 9.0 9.87 27.90 7.7 MC2 Hansard Invesco Bond 28/07/92 0.2 0.2 -.20.4.72.90 42.44 7.29 0.90.8 MC22 Hansard Invesco Global Healthcare 28/07/92 0.9 0.428 4.2 4.2.77 7.49 9.84 7.4 29.0 9.82 MC2 Hansard Invesco Global Technology 28/07/92 0.27 0.2 2.82.8 -.22. -24.9 -.90 7.0.0 MC24 Hansard Invesco Global Telecom 28/07/92 0.77 0.9.7 4.9 20. 9.7 40.89 0.00 77.0.9 MC2 Hansard First State Asian Growth Class I 28/07/92 0.22 0.272 7.2 27.2 27.79 70...7.0.47 MC29 Hansard First State China Growth Class I 28/07/92 0.927.00.28 4.0 4.4.74 420.8 48.07 82.0. MC0 Hansard Investec Managed Currency 28/07/92 0.9 0.72.02.92.44.8 29.48 24. 9.00.20 MC4 Hansard Investec Global High Income Bond 2/08/92 0.2 0.27-0.2 4.29 7.79..7 80.0 0.40.4 MC Hansard First State Indian Subcontinent Fund Class I /0/94 0.8 0.82 4.2.7 2.. 284.02 80...98 MC7 Hansard Jardine Fleming Asean Trust 04/07/94 0.2 0.29 4.4.9 4.09 08.92 2.98 2.07 9.0.4 MC40 Hansard Jardine Fleming Philippine Trust 04/07/94 0.08 0.04 4.0.92 8.44 8.07 22.09-0.29 -.80-7.2 MC4 Hansard JF Pacific Smaller Companies 04/07/94 0.20 0.2 9.4 22.4 7.2 4.27 2. 22.70 00.0.8 MC42 Hansard Investec GS Global Strategic Equity 04/07/94 0.49 0.07.0.8 2.04 78.7 4. 20.89 8.90 2.87 MC4 Hansard Invesco ASEAN Equity 04/07/94 0.0 0.08 0..0 4.2 4.2 29.22 -.4 0.40 0.0 MC4 Hansard Invesco US Equity 0/07/9 0.2 0.4.8 2..8 9. -4.7 2.84 2.20.4 April 0, 2007 Page of

0 MC48 Hansard Invesco Global Small Cap Equity 0/07/9 0.277 0.299.7 20.0 8.9.8 94.9 47.27 7.70 9.04 MC0 Hansard Invesco Pacific Equity 0/07/9 0.7 0.9 4.8.49 2.4. 0.9 4.8.80.90 MC Hansard Invesco Global Select Equity 0/07/9 0.8 0.202 4.0.9 2. 49.92.20.04 8.0.44 MC2 Hansard Jardine Fleming India 0/07/9 0.404 0.47 4.42 7.2.9 28.99 7. 490. 04.40 2.2 MC0 Hansard Investec Global Growth /09/99.2.2 7.20.9 4.48 42.02.0 N/A.20 2.00 MC7 Hansard AMEX Emerging Markets Debt 0/0/02.79.9. 7.47 9.74 0. N/A N/A 7.90 N/A MC9 Hansard AMEX US Aggressive Equities 0/0/02.20.297 4.2 8.88 0.9 20.22 N/A N/A 20.0 N/A MC72 Hansard New Star Global Managed 20/02/0.4.798.0 7. 2.97 2. N/A N/A.40 N/A MC7 Hansard Crescent Global Equity Fund 09/0/0 2.099 2.27.2 2.79 20.98.22 N/A N/A 09.90 N/A MC77 Hansard Premier Low Risk ** 29/0/0 0.87 0.4 0.2.8 2.4-0.89 N/A N/A -4.29 N/A MC79 Hansard Porton Capital SIF 2/02/04.97.09 -.4.82.48 4.92 N/A N/A 9.70 N/A MC84 Hansard Close PIP USD 09/07/04.2.2 0.00 4.9 7.79 N/A N/A N/A 2.0 N/A MC8 Hansard Aliquot Gold Bullion 22//04.28.9 -.9.42 4.7 N/A N/A N/A 2.80 N/A MC9 Hansard Investec Global Energy 22/02/0.4. 9.8. 0.07 N/A N/A N/A 4.0 N/A MC94 Hansard Frontier Fund 7/0/0.9.208-0.97.27 0.90 N/A N/A N/A.90 N/A MC97 Hansard Commodity Fund 2/07/0 0.92.007.79 -.72 -.00 N/A N/A N/A -.79 N/A MC98 Hansard Global Equity Capital Protector 0/09/0.20.29.90 8.0.2 N/A N/A N/A 20.00 N/A April 0, 2007 Page 7 of

0 SWISS FRANC D02 Hansard Swiss Deposit 9/02/90 0. 0.4 0.00-0. -0. -2.44 -.07.9.70.80 JAPANESE YEN DG0 Hansard Japanese Yen Deposit Bond 2/02/07 99.97 99.97-0.0 N/A N/A N/A N/A N/A -0.0 N/A G0 Hansard Japan 9/02/90 88. 9. 0..9-0.. 44. 0. -8.07-2.7 G0 Hansard Yen Deposit /04/02 9.4 02.0-0.08-0. -.00-2.9 N/A N/A -4. N/A EURO DX0 Hansard Euro Deposit Bond 08/0/0 0.99 0.99 0.8.0.9 4.47 9.0 N/A 9.90.7 MX0 Hansard JPMF Eastern European Equity 04/0/99 0.9 0.72. 20.2. 2.2 27. N/A 74.40 20.7 MX02 Hansard Templeton Euro Global Growth 04/0/99 0.082 0.088 4.2 4.74 8. 7. 4.7 N/A 0.8.04 MX07 Hansard Fidelity France 29/0/99 0.0 0.0 4.08 2.09 2.92 9.8 9.4 N/A 78.4 7.47 MX08 Hansard Fidelity Germany 29/0/99 0.7 0.8.. 4.82 77.70.9 N/A.8.8 MX0 Hansard Fidelity Iberia 29/0/99 4.04 4.97 4.8 24.7 28.0.2.00 N/A 4.04 9.94 MX2 Hansard Fidelity European Smaller Companies 0/07/00.0.4.2 24.0.9 97. 78.48 N/A.00 0.87 MX Hansard JPMF Europe Technology 0/07/00 0.427 0.4 4.0 4.4 4. 9.2 8.77 N/A -7.2 -.8 April 0, 2007 Page 8 of

0 MX20 Hansard BGI European Equity Market Neutral ** 28//02.42.9-0.48 2..00 2.9 N/A N/A 4.20 N/A MX2 Hansard Honeyguide Select Euro 8/07/0.0.9-2. 2.42-2. 0.8 N/A N/A 0.0 N/A MX0 Hansard European Protect Active Allocation 2/0/04.472.9 4.47 7.0.44 N/A N/A N/A 47.20 N/A MX Hansard Global Protect Active Allocation 2/0/04.229.28 2.2.9-2. N/A N/A N/A 22.90 N/A MX2 Hansard Invesco Continental European Equity 09/09/04.4.7 4..84.00 N/A N/A N/A.40 N/A MX4 Hansard Citigroup S&P Global STARS 80% Protected EUR 29/09/0.04.2 2.4 4.00 N/A N/A N/A N/A 4.00 N/A MX42 Hansard Merrill Lynch Continental European Flexible Equity 04/0/0.072.8 2.98 7.20 N/A N/A N/A N/A 7.20 N/A MX4 Hansard Nomura Global Property 80% Protected EUR 2/0/0.2.20. N/A N/A N/A N/A N/A.20 N/A MX44 Hansard Nomura S&P Diversified Trends Index 80% Protected EUR 22//0 0.98.04-0.4 N/A N/A N/A N/A N/A -.0 N/A MX4 Hansard Global Multi-Asset Protector EUR 22//0.0.094.78 N/A N/A N/A N/A N/A.0 N/A WPE00 Hansard Britannic Euro With Profits Fund S ** 0/0/0.27.27 0..4 7. 8.4.2 N/A 2.70 2. WPE002 Hansard Britannic Euro With Profits Fund S2 ** 0/0/02.24.24 0.2.4 7. 9.47 2. N/A 2. 2.29 WPE00 Hansard Britannic Euro With Profits Fund S ** 0/0/02.27.27 0.2.4 7.4.9 N/A N/A 2.7 N/A WPE004 Hansard Britannic Euro With Profits Fund S4 ** 04/09/02.22.22 0.2.4 7..49 N/A N/A 2.2 N/A WPE00 Hansard Britannic Euro With Profits Fund S ** 0/2/02.29.29 0.2.4 8.07 20.49 N/A N/A 2.89 N/A WPE00 Hansard Britannic Euro With Profits Fund S ** 0/0/0.98.98 0.2.4 7.. N/A N/A 9.78 N/A X02 Hansard Euro Deposit 04/0/99.4.22 0.8 0.88.42 2.80.8 N/A 4.00.0 April 0, 2007 Page 9 of

0 XE0 Hansard European Fixed Interest 04/0/99 0.20 0.222-0.87-0.82 0.4 2.29.4 N/A 9. 2. XF0 Hansard European Growth 04/0/99 0.08 0.07 4.0.74.47 7.4 40.87 N/A 4.0.7 XH0 Hansard European Managed 04/0/99 0.44 0. 4.2 7.0.27 40. 9.0 N/A 29..9 SWEDISH KRONA MS0 Hansard Fidelity Nordic /09/9.7.28.8 8.8 9.8 8.2 4. 80. N/A 7.4 S0 Hansard Swedish Fixed Interest /0/9 0.2 0.2-0.84 -.80 -.7.7 7. 44.74.20.4 S0 Hansard Swedish Deposit /04/02.029.0 0.0 0.9 0.9-0.29 N/A N/A 2.90 N/A AUSTRALIAN DOLLAR R0 Hansard Australian Deposit 0/0/9 0.9 0.49 0..9. 0.2.84. 8.80. BROKER MC78 Hansard USP International Fund 24//0.77.488 0.44 0. 0..02 N/A N/A 7.70 N/A S0 IFA Worldwide 08/0/0 0.4.0 4.9 9.7 N/A N/A N/A N/A.40 N/A April 0, 2007 Page 0 of

IMPORTANT NOTES This Bulletin is for information purposes only and is not to be regarded as constituting investment advice. All fund performance figures given in this Bulletin have been calculated using Accumulator unit prices on a bid-to-bid basis. "Compound " illustrates the annual compound growth rate on funds more than five years old. Younger funds are marked as "N/A", as an annual compound growth rate could be considered to be misleading. "" illustrates the cumulative percentage growth since launch of the fund. ** This fund remains closed to new investments, but is open for redemptions. Errors and omissions excepted. April 0, 2007 Page of