Personal Services

Product Performance

Performance figures for the Trust and Permanent Products for the period ending 31 January 2010

Total returns to 31 January 2010	1 month %	3 months %	1 year %	3 years % p.a.	5 years % p.a.
S&P ASX 200 Accumulation Index	-6.18	-0.93	35.16	-3.37	6.69
Trust Imputation Fund	-6.14	-1.70	33.77	-2.23	6.99
Trust General Equity Common Fund VE8	-6.15	-1.73	33.59	-2.41	6.85
Permanent Australian Equity Fund	-6.13	-1.75	32.78	-2.15	7.33
Permanent Australian Share Fund - CTF4	-5.41	-2.35	34.86	1.19	9.97
Trust Equity Common Fund QE1	-6.12	-1.96	35.06	-1.82	6.52
S&P ASX Property Accumulation Index	-2.87	1.43	16.10	-24.43	-7.92
Trust Infrastructure & Property Related Securities Common Fund V4	-2.76	2.67	10.60	-20.55	-6.67
Permanent Income Fund	-4.33	-0.71	28.28	-13.10	-1.40
Trust Philanthropy Fund	-1.92	1.65	22.79	n/a	n/a
Trust Philanthropy Common Fund	-1.92	1.65	22.79	n/a	n/a
UBS Bank Bill Index	0.35	0.98	3.42	5.85	5.88
Trust Cash Management Fund*	0.25	0.70	2.38	4.84	4.91
Permanent Cash Management Fund*	0.25	0.70	2.38	4.84	4.91
Fixed Term Mortgage Common Fund No.2*	0.32	0.93	4.31	5.37	5.37
UBS Corporate Bond Index	1.11	2.50	5.51	6.80	6.16
Permanent Bond Fund	0.58	1.20	2.86	5.59	5.31
Permanent Bond Fund - CTF15	0.58	1.18	2.87	5.56	n/a

* Does not assume re-investment of gross income.

Source: Trust Company Limited - Returns are net of fees and assume re-investment of gross income without deduction of income tax. Past performance is not a reliable indicator of future performance.