Fund Performance

The Fund performance is calculated by comparing unit prices over the relevant performance measurement period and also taking into account income distributions made during the period.

The objective of the Third Link Growth Fund is to provide a diversified growth-oriented investment with a bias at most times to Australian listed shares. We aim to outperform the returns of the All Ordinaries Accumulation Index¹ after fees over rolling five year periods. However, to achieve this objective, we have considerable flexibility in the type of investments the Fund may hold outside of Australian listed shares.

As at the end of November 2008, the Fund performance after fees relative to the All Ordinaries Accumulation Index was as follows:

The graph below shows the value of $1,000 invested in the Third Link Growth Fund since the beginning of June 2008, tracked on a month by month basis and assuming income distributions were reinvested.  This is compared to the value of $1,000 invested in the All Ordinaries Accumulation Index over the same period.

¹ The All Ordinaries Accumulation Index is Australia's premier market indicator. The index represents the 500 largest companies listed on the Australian Securities Exchange measured by market capitalisation and with dividends reinvested.

² The Third Link Growth Fund was established on 12 March 2008 (though it was not open for investment until 10 April 2008, being the date of the first PDS). Up until the end of May 2008 it was a requirement that application monies received into the Fund were kept on deposit as the unit price was held at $1.00. This restriction was removed from the beginning of June 2008, at which time the Fund was free to invest in accordance with its objective.

Treasury Group Investment Services Limited is the responsible entity for the Third Link Growth Fund. Potential investors should consider the Product Disclosure Statement before deciding whether to invest or continue to invest in the Third Link Growth Fund.