Our Custodian

We have appointed an independent organisation as Custodian to hold all of the Funds' assets. The current Custodian is JPMorgan Chase Bank (JPMC).

JPMC is one of the world's largest global custodians with over $US15 trillion in assets under custody for institutional investors around the world. In Australia, JPMC is a market leader in providing custody services with over $A340 billion (as at June 2007) in assets under custody for some of Australia's largest institutional investors.

The role of the Custodian is to:

• Hold all of the assets of the Trusts as our agent on behalf of investors; and
• To perform certain administrative and accounting functions.