TI Intercept Capital Fund

Latest Fund unit prices, distribution and year-end pricing information is available on the Funds page.

Performance

The following table summarises the total return of the TI Intercept Capital Fund since inception (31 March 2004) and the return of the fund's benchmark (UBS Australia Bank Bill Index). Returns are shown after deducting fees.

Periods to 28 February 2010

	1 Month	3 Months	2010 CYTD	12 Months	3 Years	Inception to Date
TI Intercept Capital Fund	-1.03%	-6.66%	-4.40%	-0.30%	+7.23%	+8.05%
UBS Australia Bank Bill Index	+0.35%	+1.00%	+0.67%	+3.46%	+5.79%	+5.82%

Notes:
1. Historical total returns include realised and unrealised gains and losses and income. They are time-weighted rates of return that account for all external cash flows.

2. For periods exceeding one year returns of the Fund and the benchmark are annualised.

3. Fund size as at 28 February 2010 $12.7 million.

Unit Price History

Date	Application Price	Net Asset Value	Redemption Price	Distribution
28 Feb 2010	$0.8786	$0.8760	$0.8733
31 Jan 2010	$0.8878	$0.8851	$0.8825
31 Dec 2009	$0.9190	$0.9163	$0.9135
30 Nov 2009	$0.9413	$0.9385	$0.9357
31 Oct 2009	$0.9017	$0.8990	$0.8963
30 Sep 2009	$0.8817	$0.8791	$0.8764
31 Aug 2009	$0.8785	$0.8759	$0.8733
31 Jul 2009	$0.8895	$0.8868	$0.8842
30 Jun 2009 post-distribution	$0.8830	$0.8803	$0.8777	$0.230274
30 Jun 2009 pre-distribution	$1.1139	$1.1106	$1.1073
31 May 2009	$1.1078	$1.1045	$1.1012
30 Apr 2009	$1.1253	$1.1220	$1.1186
31 Mar 2009	$1.1309	$1.1275	$1.1241
28 Feb 2009	$1.1118	$1.1085	$1.1052
31 Jan 2009	$1.0989	$1.0956	$1.0923
31 Dec 2008	$1.1054	$1.1021	$1.0988
30 Nov 2008	$1.0971	$1.0938	$1.0905
31 Oct 2008	$1.0975	$1.0943	$1.0910
30 Sep 2008	$1.1047	$1.1014	$1.0981
31 Aug 2008	$1.0680	$1.0648	$1.0616
31 Jul 2008	$1.0334	$1.0303	$1.0273
30 Jun 2008 post-distribution	$1.0053	$1.0023	$0.9993	$0.0297
30 Jun 2008 pre-distribution	$1.0351	$1.0320	$1.0289
31 May 2008	$1.0164	$1.0133	$1.0103
30 Apr 2008	$1.0439	$1.0408	$1.0377
31 Mar 2008	$1.0863	$1.0831	$1.0799
29 Feb 2008	$1.0664	$1.0632	$1.0600
31 Jan 2008	$1.0208	$1.0178	$1.0147
31 Dec 2007	$1.0158	$1.0127	$1.0097
30 Nov 2007	$0.9832	$0.9802	$0.9773
31 Oct 2007	$0.9931	$0.9901	$0.9872
30 Sep 2007	$0.9829	$0.9800	$0.9770
31 Aug 2007	$0.9617	$0.9589	$0.9560
31 Jul 2007	$0.9326	$0.9298	$0.9270
30 Jun 2007 post-distribution	$0.9306	$0.9278	$0.9250	$0.0431
30 Jun 2007 pre-distribution	$0.9738	$0.9709	$0.9680
31 May 2007	$0.9689	$0.9660	$0.9631
30 Apr 2007	$0.9694	$0.9665	$0.9636
31 Mar 2007	$0.9716	$0.9686	$0.9657
28 Feb 2007	$0.9685	$0.9656	$0.9627
31 Jan 2007	$0.9879	$0.9849	$0.9820
31 Dec 2006	$0.9978	$0.9948	$0.9918
30 Nov 2006	$1.0044	$1.0014	$0.9984
31 Oct 2006	$0.9641	$0.9612	$0.9583
30 Sep 2006	$0.9268	$0.9241	$0.9213
31 Aug 2006	$0.9321	$0.9293	$0.9266
31 Jul 2006	$0.9310	$0.9282	$0.9254
30 Jun 2006 Post-distribution	$0.9161	$0.9134	$0.9107	$0.0185
30 Jun 2006 Pre-distribution	$0.9347	$0.9319	$0.9291
31 May 2006	$0.9587	$0.9559	$0.9530
30 Apr 2006	$0.9483	$0.9374	$0.9346
31 Mar 2006	$0.9606	$0.9577	$0.9548
28 Feb 2006	$0.9323	$0.9296	$0.9268
31 Jan 2006	$0.8875	$0.8848	$0.8822
31 Dec 2005	$0.8758	$0.8732	$0.8706
30 Nov 2005	$0.8962	$0.8935	$0.8909
31 Oct 2005	$0.9217	$0.9190	$0.9162
30 Sep 2005	$0.9289	$0.9247	$0.9206
31 Aug 2005	$0.9484	$0.9442	$0.9399
31 Jul 2005	$0.9659	$0.9616	$0.9573
30 Jun 2005	$0.9568	$0.9525	$0.9482
31 May 2005	$0.9765	$0.9721	$0.9678
30 Apr 2005	$0.9742	$0.9698	$0.9655
31 Mar 2005	$0.9720	$0.9677	$0.9633
28 Feb 2005	$0.9739	$0.9695	$0.9651
31 Jan 2005	$0.9379	$0.9337	$0.9295
31 Dec 2004	$0.9180	$0.9138	$0.9097
30 Nov 2004	$0.9045	$0.9004	$0.8964
31 Oct 2004	$0.8987	$0.8947	$0.8906
30 Sep 2004	$0.9161	$0.9120	$0.9079
31 Aug 2004	$0.9080	$0.9039	$0.8999
31 July 2004	$0.9325	$0.9283	$0.9242
30 Jun 2004	$0.8943	$0.8903	$0.8863
31 May 2004	$0.9102	$0.9061	$0.9020
30 Apr 2004	$0.8816	$0.8777	$0.8737
31 Mar 2004	$0.7706	$0.7671	$0.7637

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TI Intercept Capital Fund