FIDUCIAN TECHNOLOGY FUND

The Fiducian Technology Fund allows investors to participate directly in a blend of some of the technology funds available world-wide. Fund managers have been chosen to balance exposure in terms of region, sector and type of company. Managers are able to invest in technology companies anywhere in the world, provided only that these companies can benefit from leading-edge technology and can demonstrate significant earnings growth prospects. Sector exposure includes information technology, communications, biotechnology and other new technology companies. The funds are well diversified with between 30 and 100 stocks held by each fund.

Fund Commencement
June 2000

Benchmark and Objective
For this Fund, there is no relevant market index, although the MSCI Technology & Communications Index can be considered a reasonable proxy for a technology portfolio. The objective is to exceed this index (after fees) over rolling 3-year periods.

Asset Allocation