Performance

Detailed below is the WAM Active Limited performance since inception as compared to the All Ordinaries Accumulation Index:
 

	Jan 08	Feb 08	Mar 08	Apr 08	May 08	Jun 08
Gross Performance*	+0.3%	+1.2%	+0.5%	+1.6%	+2.4%	-3.7%
All Ords Accum.	-11.2%	+0.3%	-4.1%	+4.6%	+2.5%	-7.3%
	Jul 08	Aug 08	Sep 08	Oct 08	Nov 08	Since Inception
Gross Performance*	-1.1%	+0.1%	-3.8%	-5.3%		-7.7%
All Ords Accum.	-5.2%	+4.0%	-10.6%	-13.9%		-35.7%

 *The change in the portfolio before all expenses, fees and taxes.