Performance
NAV Performance
2018*** 2017 2016 2015 2014 2013 2012 2011
Ordinary Shares -16.73% -27.60% 8.12% 11.58% 17.08%*** 21.90% -4.32% 7.43%
2017 C Shares 7.14% N/A N/A N/A N/A N/A 7.06% 11.69%
Total Return Since Inception of Shares
2018*** 2017 2016 2015 2014 2013 2012 2011
Ord Shares issued on 20 Dec. 2010 6.60% 27.26% 74.81% 61.91% 45.42%**** 24.84% 2.41% 7.43%
C Shares Issued on 20 May 2011* 20.89% 45.00% 100.48% 85.43% 66.18% 45.68% 19.51% 11.69%
C Shares Issued on 16 Dec. 2011* 8.64% 30.31% 80.16% 66.64% 49.34% 30.91% 7.40% 0.32%
C Shares Issued on 2 Nov. 2015** -35.24% -22.32% 7.27% 00.00% N/A N/A N/A N/A
C Shares Issued on 12 Dec. 2017 7.14% -2.00% N/A N/A N/A N/A N/A N/A

NOTES

Past performance is not a guide to future returns.

The 2012 C Share performance is representative of NAV performance of shares held by C Share shareholders

* C Shares issued in 2011 were converted into Ordinary Shares on 13 August 2012

** C Shares issued in 2015 were converted into Ordinary Shares on 23 May 2017

*** As at 31 October 2018

**** This includes a 3% capital return paid as a contingent distribution in January 2014