Performance
and prices

AFFIRMATIVE CORPORATE BOND FUND

Yield

			% p.a.
31 January 2012			4.24

Historic yield based on distributions declared in previous twelve months

Unit value and distributions

		Unit value	Distribution
Date		p	p
31 January 2012		106.2	1.11

Performance

	3 months	1 year	3 years
31 December 2011	%	%	% p.a.
Affirmative Corporate Bond Fund*	+2.6	+8.1	n/a
Benchmark**	+2.6	+8.2	n/a

* Net of Expenses ** iBoxx Non Gilts AAA Index 30%; iBoxx Non Gilts AA Index 40%; iBoxx Non Gilts A Index 25%; iBoxx Non Gilts BBB Index 5%;