Strategy - AXA Wholesale Global Equity Value Fund - Managed Fund (Closed)

The objective of the Strategy - AXA Wholesale Global Equity Value Fund managed fund is The fund aims to provide investors with long term capital value and to outperform the Morgan Stanley Capital International World ex Australia Index (net dividends reinvested) after costs and over rolling five year periods.

The strategy of the Strategy - AXA Wholesale Global Equity Value Fund managed fund is The fund seeks to invest in a diversified portfolio of global stocks in companies with characteristics such as a market capitalisation in excess of US$750 million, and attractively priced relative to their future earnings power.

The APIR code of the Strategy - AXA Wholesale Global Equity Value Fund managed fund is OAM0158AU.

Strategy - AXA Wholesale Global Equity Value Fund’s total return last month was -0.63%. This was made up of a growth return of -0.63% and an income return of 0%. These returns were calculated as at 30 Nov 2006.

Strategy - AXA Wholesale Global Equity Value Fund’s total return for the last three months was 3.77%. This was made up of a growth return of 3.77% and an income return of 0%%. These returns were calculated as at 30 Nov 2006.

Strategy - AXA Wholesale Global Equity Value Fund’s one-year total return is 13.77%. This was made up of a growth return of 13.77% and an income return of 0%. These returns were calculated as at 30 Nov 2006.

Strategy - AXA Wholesale Global Equity Value Fund’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Nov 2006.

The asset allocation of the Strategy - AXA Wholesale Global Equity Value Fund managed fund is :

The Responsible Entity for the Strategy - AXA Wholesale Global Equity Value Fund managed fund is Oasis Asset Management Limited.

The Strategy - AXA Wholesale Global Equity Value Fund managed fund belongs to the Equity World Large Value sector/asset class.

As at 30 Nov 2006, the size of the Strategy - AXA Wholesale Global Equity Value Fund managed fund was $0.35 million.

The Strategy - AXA Wholesale Global Equity Value Fund managed fund has an inception date of 1 Mar 2004.

The current entry price of the Strategy - AXA Wholesale Global Equity Value Fund managed fund is $1.4462 per unit and the current exit price is $1.4383 per unit (as at 14 Dec 2006).

The current exit price of the Strategy - AXA Wholesale Global Equity Value Fund managed fund is $1.4383 per unit and the current entry price is $1.4462 per unit (as at 14 Dec 2006).

The minimum initial investment amount for the Strategy - AXA Wholesale Global Equity Value Fund managed fund is $0.