The Brandeaux Student Accommodation Fund (Sterling) has achieved a compound average annual return of 7.19% since its launch on June 15, 2000 through October 31, 2011. Its total return for the 12 months ending October 31, 2011 was 10.38%. Past returns are not indicative of future returns and the value of shares can increase or decrease over time. All returns provided are net of Brandeaux charges.