Performance
and prices

AFFIRMATIVE FIXED INTEREST FUND

Yield

			% p.a.
31 January 2012			2.97

Historic yield based on distributions declared in previous twelve months

Unit value and distributions

		Unit value	Distribution
Date		p	p
31 January 2012		118.2	0.87

Performance

	3 months	1 year	3 years
31 December 2011	%	%	% p.a.
Affirmative Fixed Interest Fund*	+4.2	+13.6	+7.1
Benchmark**	+4.6	+14.1	+7.3

*Net of Costs **FTSE A Gov Sec All Stocks Index 83%; iBoxx Non-Gilts Index 17%