Monthly summary report as at 30 April 2013 AHL – a world leader in managed futures accessing around 300 international markets. 1 month 3.9% 3.2% 0.3% 3 months 5.5% 5.9% 0.7% 12 months 9.8% 17.4% 3.5% 3 years (p.a.) 5.5% 10.2% 4.4% CARR since inception* 6.6% 11.7% 4.3% Total return since inception* 26.3% 50.0% 16.8% * Inception date 1 September 2009. Source: Man Investments Australia. Man AHL Alpha (AUD) Mar 13 Dec 12 Sep 12 Jun 12 Mar 12 Dec 11 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -3.0% -4.0% -5.0% Sep 11 As at 30 April 2013^ Jun 11 Energy trading made a negative contribution with positive performance from long natural gas contracts and short electricity positions offset by losses from oil positions. UBSA Bank Bill Index Mar 11 The agricultural sector detracted; this was driven almost entirely by long exposure to corn, as prices fell in light of less severe weather forecasts. Small losses came from the currency sector as short GBP, USD and EUR positions detracted from performance. MSCI World (TR) Index Dec 10 AHL’s long positioning in the equity sector profited as markets broadly rose over the month. Notable gains came from a long position in Japanese equities which were boosted by talk of additional monetary easing by the Bank of Japan. Man AHL Alpha (AUD) Jun 10 Rising stock markets buoyed the credit sector as AHL’s short positioning profited as the cost of credit default protection fell. Further profits were added by a short allocation to both precious and base metals. A fall in Chinese GDP growth undermined demand expectations for industrial commodities whilst fears that other struggling Eurozone nations would follow Cyprus’ lead and dump their gold reserves spooked gold bugs. Returns Sep 10 A long exposure to the bond sector added a large share of returns with European bonds, US Treasuries and Eurodollar contracts all delivering solid profits. Demand for “safe haven” bonds was buoyed by worsening growth prospects following disappointing employment and corporate earnings news from the US. As at 30 April 2013^ Mar 10 AHL generated strong profits over the month, with investors focusing on the supportive actions by central banks and buying into equities as well as bonds. Performance summary Dec 09 Man AHL Alpha (AUD) gained 3.9% for the month. Sep 09 April performance summary Source: Man Investments Australia. Sector allocations As at 30 April 2013^ 8 1 Bonds 7 1 How to invest Toll free (Australia) 1800 222 355 Toll free (New Zealand) 0800 878 220 ( (61-2) 8259 9999 8 2 6 5 2 www.maninvestments.com.au/manahlalpha email [email protected] Fax (61-2) 9252 4453 Toll free (Australia) 1800 787 220 Toll free (New Zealand) 0800 787 220 4 25.0% 2 Stocks 19.0% 3 Credit 11.7% 4 Metals 11.4% 5 Currencies 10.0% 6 Interest rates 9.2% 7 Energies 8.6% 8 Agriculturals 5.1% 3 Source: Man Investments. ^P ast performance is not a reliable indicator of future performance. Performance figures are calculated net of all fees as at 30 April 2013 and assuming all distributions are reinvested. Investment in Man AHL Alpha (AUD) (the ‘Fund’) is offered by Man Investments Australia Limited ABN 47 002 747 480 AFSL 240581 (‘MIA’). MIA is the Responsible Entity and issuer of Units in the Fund and publisher of this document. Offers of Units will be made in the PDS issued by MIA dated 8 May 2013 which is available on www.maninvestments.com.au/manahlalpha or by calling 1800 222 355 (Australia) or 0800 878 220 (New Zealand). Investors wishing to acquire Units will need to complete the Application Form attached to the PDS. The information contained and used in this document is general information only and it has been prepared without taking into account anyone’s objectives, financial situation or needs so before acting on it, consider its appropriateness to your circumstances. Persons considering investing in the Units should carefully read all of the PDS and speak to their financial advisor before making an investment decision. Please also refer to the Identification Requirements document. US Persons are not eligible to subscribe for Units pursuant to the PDS. Terms capitalised and used in this document have the same meaning as in the PDS. Man Investments Australia Limited Level 21 Grosvenor Place, 225 George Street, Sydney NSW 2000 Australia