Jaguar Australian Leaders

Long Short Unit Trust

Fund Investment Objectives

The Fund's Investment objective is to provide investors with risk-adjusted returns from the Australian stock market throughout a range of market cycles superior to and having a low correlation with major stock and bond indices. Invested principally in the Top 100 Australian companies, the Trust offers an investment process which monitors the growth/value cycle; and screens momentum, value and return inputs. Sector exposure is optimised whilst fundamental research is used to determine position size. The portfolio is monitored daily and rebalanced weekly. Actual Inception date is March 17, 2003.