*Performance returns are based on the Net Asset Value calculated after all expenses. Inception date (December 2015) occurred from the commencement of NAV based unit pricing, following the completion of capital raising in November 2015. Please note, however, that each investor’s performance numbers are calculated on an individual basis from their time of application and may differ from the above. “Performance since inception” is measured as the Internal Rate of Return since inception. The IRR is the annualised rate of return that equates the amount and timing of irregular cashflows since inception with the period end value. For the purposes of the monthly report, the IRR replaces the time weighted return since inception effective 30 June 2023.