Strategy - Challenger Australian Share Wholesale - Managed Fund (Closed)

The objective of the Strategy - Challenger Australian Share Wholesale managed fund is The Fund aims to outperform its benchmark after costs and over rolling five-year periods.

The strategy of the Strategy - Challenger Australian Share Wholesale managed fund is Alphinity is an active, core Australian equities manager that believes a company's earnings ultimately will drive its share price over time. Alphinity believe the market is typically inefficient at accurately pricing future consequences of new information that will affect company earnings, therefore clearly identifiable characteristics exist for companies whose earnings ability is likely to be under (or over) estimated by the market, allowing an investor to exploit this inefficiency to create outperformance.

The APIR code of the Strategy - Challenger Australian Share Wholesale managed fund is OAM0164AU.

Strategy - Challenger Australian Share Wholesale’s total return last month was 1.69%. This was made up of a growth return of 1.69% and an income return of 0%. These returns were calculated as at 30 Nov 2006.

Strategy - Challenger Australian Share Wholesale’s total return for the last three months was 7.91%. This was made up of a growth return of 7.91% and an income return of 0%%. These returns were calculated as at 30 Nov 2006.

Strategy - Challenger Australian Share Wholesale’s one-year total return is 16.97%. This was made up of a growth return of 16.97% and an income return of 0%. These returns were calculated as at 30 Nov 2006.

Strategy - Challenger Australian Share Wholesale’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 - Challenger Australian Share Wholesale managed fund is :

The Responsible Entity for the Strategy - Challenger Australian Share Wholesale managed fund is Oasis Asset Management Limited.

The Strategy - Challenger Australian Share Wholesale managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 30 Nov 2006, the size of the Strategy - Challenger Australian Share Wholesale managed fund was $0.38 million.

The Strategy - Challenger Australian Share Wholesale managed fund has an inception date of 1 Mar 2004.

The current entry price of the Strategy - Challenger Australian Share Wholesale managed fund is $1.6373 per unit and the current exit price is $1.6291 per unit (as at 14 Dec 2006).

The current exit price of the Strategy - Challenger Australian Share Wholesale managed fund is $1.6291 per unit and the current entry price is $1.6373 per unit (as at 14 Dec 2006).

The minimum initial investment amount for the Strategy - Challenger Australian Share Wholesale managed fund is $0.