1. MAXXIM HIGH CONVICTION US FUND * Return/Risk *
Risk Level medium As at 12-Sep-10 5.9
MAXXIM
FUND OBJECTIVE CONTACT
Outperform US equity markets by at least 20% in any year , Office: 41 Palmerston Road Lysterfield VIC AUSTRALIA
while maintaining a risk profile of less than the market . The www.maxxim.com Tel: +613 9752 7078
fund * is high conviction and does not track the benchmark
INVESTMENT PROCESS
Kappa Forte is a quant manager that blends behavioural finance and traditional valuation techniques to select stocks. It has a proprietary
valuation approach based on normalised free cash flow and a behavioural finance model that encompasses momentum.
FUND FEATURES
Inception Date 30-Sep-99 Subscription Fee up to 3% Domicile Australia
Fund * Currency USD Management Fee 2% p.a. billed monthly Liquidity daily subject to settllement
Benchmark S&P 500 Performance Fee 20% Over Benchmark minimum invest USD 500,000
PERFORMANCE of portfolio * over time RISK - absolute and relative to market
1000000 40.0%
100000 30.0%
20.0%
10000
10.0%
1000
0.0%
100 -10.0%
10 -20.0%
2000 2002 2004 2006 2008 2010
-30.0%
1 2000 2002 2004 2006 2008 2010
monthly performance RISK AND REWARD
Return * Risk - maximum drawdown
Since
Returns YTD 3 years 5 years 10 years Risk YTD 3 years 5 years 10 years Since Inception
Inception
Fund * 61.3% 114.9% 98.0% 123.2% 115.7% Fund * 0.0% -19.5% -19.5% -19.5% -19.5%
Benchmark -2.7% -9.7% -2.3% -3.3% -2.7% Benchmark -13.6% -44.6% -44.6% -44.6% -44.6%
value added 64.0% 124.6% 100.4% 126.5% 118.4% Relative 13.6% 25.1% 25.1% 25.1% 25.1%
Since
Returns YTD 2009 2008 2007 Risk YTD 2009 2008 2007 Since Inception
Inception
Fund * 61.3% 262.7% 34.8% 90.7% 115.7% Fund * 0.0% -19.5% -7.0% -7.2% -19.5%
Benchmark -2.7% 23.5% -38.5% 3.5% -2.7% Benchmark -13.6% -19.6% -39.3% -5.3% -44.6%
value added 64.0% 239.3% 73.3% 87.1% 118.4% Relative 13.6% 0.1% 32.3% -1.9% 25.1%
DISCLAIMER
Maxxim Pty Ltd (ACN 116 807 731) is owned by Australian and foreign investors. The company was incorporated in Australia in 2004 and received the Investment
Managers (wholesale) licence from ASIC on April 11, 2008 (AFSL 321832). Because of licence restrictions there is and has been no retail fund of this type available to
Australian investors. The performance reported refers to the gross return to the manager of discretionary wholesale mandates granted under this and other licenses in
various countries. Further, past performance is neither an indication nor a guarantee of future returns. The value of units and income from them can go up or down;
investors may receive less than what they have originally invested. Additionally, fees charged on funds and currency exchange rates may have additional adverse effects.
Investors should consider their individual and financial situation prior to entering into a specific product/fund and should seek advice from investment and legal professionals.
Detailed and specific information related to the product is provided in the terms and conditions applicable to the fund which should be read and understood prior to entering
into it. The performance data has either been audited or is public domain and is based on the investment management companies of Maxxim Pty Ltd (AFSL 289966 )
Sigrun Pty Ltd (ACN 109989175) Global capital (Maltese License PIF/46B and Kappa Forte Pty Ltd (Mauritian FSC IX09000012 ).