Colonial Tax - Exempt PST - Australian Shares - Managed Fund (Closed)

The objective of the Colonial Tax - Exempt PST - Australian Shares managed fund is To closely track the S&P/ASX 300 Accumulation Index with the aim of generating returns (before taxes and fees and assuming income is reinvested) comparable to the Australian sharemarket as measured by that benchmark over rolling one-year periods.

The strategy of the Colonial Tax - Exempt PST - Australian Shares managed fund is Detailed risk analysis is used to design a portfolio of shares which provides the greatest likelihood of matching the performance of the S&P/ASX 300 Accumulation Index. All shares in this option are maintained within a very close margin to their weight in the Index. The option predominantly invests in Australian companies and therefore does not hedge currency risk.

The APIR code of the Colonial Tax - Exempt PST - Australian Shares managed fund is FSF0133AU.

Colonial Tax - Exempt PST - Australian Shares’s total return last month was 4.48%. This was made up of a growth return of 4.48% and an income return of 0%. These returns were calculated as at 31 Dec 2006.

Colonial Tax - Exempt PST - Australian Shares’s total return for the last three months was 11.4%. This was made up of a growth return of 11.4% and an income return of 0%%. These returns were calculated as at 31 Dec 2006.

Colonial Tax - Exempt PST - Australian Shares’s one-year total return is 20.87%. This was made up of a growth return of 20.87% and an income return of 0%. These returns were calculated as at 31 Dec 2006.

Colonial Tax - Exempt PST - Australian Shares’s one-year total return is 24.33%. This was made up of a growth return of 24.33% and an income return of 0%. These returns were calculated as at 31 Dec 2006.

The asset allocation of the Colonial Tax - Exempt PST - Australian Shares managed fund is :

The Colonial Tax - Exempt PST - Australian Shares managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Dec 2006, the size of the Colonial Tax - Exempt PST - Australian Shares managed fund was $3.48 million.

The Colonial Tax - Exempt PST - Australian Shares managed fund has an inception date of 1 Aug 1999.

The current entry price of the Colonial Tax - Exempt PST - Australian Shares managed fund is $2.5122 per unit and the current exit price is $2.5122 per unit (as at 31 Dec 2006).

The current exit price of the Colonial Tax - Exempt PST - Australian Shares managed fund is $2.5122 per unit and the current entry price is $2.5122 per unit (as at 31 Dec 2006).

The minimum initial investment amount for the Colonial Tax - Exempt PST - Australian Shares managed fund is $.