Quarterly Fact Sheet and Letter Number 1 (Q2 2017)

In its inaugural quarter, Somerston Multi Asset Fund returned 2.6%. Over the same period the MSCI World Equity Index (local currency) appreciated 2.7% and the Barclays Aggregate Bond Index was 1.5% higher. Through the quarter, the fund had average equity and bond allocations of 55% and 37% respectively. At the start of Q3 the fund increased its equity weight which stands at 71.1%.