UCITS Fund - Performance
(As of 5/31/2013)



Performance Period
GaveKal Knowledge Leaders Fund
MSCI World Index
Relative Performance
1 Month -0.86 0.04 -0.90
YTD 9.77 11.17 -1.40
1 Year 14.21 27.77 -13.56
3 Year (Annualized) 12.39 13.29 -0.90
5 Year (Annualized) 3.49 1.51 1.98
Since Inception (Annualized) 5.54 3.32 2.22

The performance data quoted here represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted.