All performance information is calculated by Morant Wright Management Limited using share price data provided by Link Asset Services. Share price performance is for income units with dividends reinvested up to August 2010, and accumulation units thereafter. Index data are taken from Bloomberg. Performance is given in £ terms based on the fund nav. Data is valid as of 31 December 2018 and was accurate at that date. Morant Wright Management has a statutory obligation to point out that the value of all investments and the income therefrom can go down as well as up and the investor may not get back the amount invested. This may be caused by exchange rate fluctuations. Past performance is not necessarily a guide to future performance. The term ‘absolute return’ refers to the return that an asset may achieve over a certain period of time. In this context viewed as a period of upto 5 years. It differs from the term ‘relative return’ which refers to the return a fund or asset will achieve relative to an index or other benchmark. The term ‘absolute return’ does not imply any guarantee or certainty that any particular rate of return will be achieved or that investors will get back the amount invested.