Dexion Trading Limited

The Company’s investment policy will be to invest in an actively managed portfolio of hedge funds. The Sub-Manager will seek to allocate the Company’s assets among hedge funds managed by experienced portfolio managers demonstrating disciplined investment and risk control processes to manage downside risk. The Company will initially invest approximately 80 per cent. of its assets in hedge funds which invest in directional trading strategies and approximately 20 per cent. of its assets in hedge funds which invest 20 in relative value strategies, in both cases diversified across a range of investment styles. These allocations seek to balance higher but more volatile returns from directional trading strategies with lower but more consistent returns from relative value strategies. The overall portfolio will aim to have little or no correlation to traditional equity benchmarks. The exact number of funds and strategies in which the Company invests may vary over time but the Directors expect that the Company will be invested at all times in a minimum of 20 underlying hedge funds implementing at least 3 strategies. PLEASE SEE PROSPECTUS FOR FURTHER INFORMATION

Key stats

Fund Status  OBSOLETE
Fund currency  GBP
Launch Date  2004-11-29
Obsolete Date  2012-05-04
Benchmark  S&P 500 TR
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2010-09-30
Return - 1 Month  2.09%
Return - 2 Months  3.20 %
Return - 3 Months  4.01%
Return - 6 Months  1.80 %
Return - 9 months  3.01 %
Return - 12 Months  4.07%
Annualized return 24 months  6.50 %
Annualized return 36 months  4.35 %
Annualized return 48 months  6.74 %
Annualized return 60 months  5.68 %
Return 120 months  0.00 %
Annualized return since Inception  5.53%
Return YTD  3.01%

Ratings

Morning Star Rating Date   2010-08-31
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Minimum Investment  £100,000
Maximum Managment Charge  1.50 %
Exit charge  0.00 %
Performance Fee  10.00 %

Price

Last Price Date  2010-09-30
Pre-tax nav  134.48
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  £2.75
Price change (percentage)  2.09 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

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