As At 31 October 2019

In October, the Fund recorded (0.7)% performance, net of all costs and fees.

Pre-tax NTA per share was $1.15* as at 31 October 2019.

Post-tax NTA per share was $1.15* as at 31 October 2019.

* The NTA is after provisioning for the 5c fully franked dividend, payable on November 19th.