Magellan Financial Group Australia | Boutique Investment Funds (Global Fund, Infrastructure Fund & Flagship Fund) Management

Magellan Infrastructure Fund – Unit Prices & Performance

As at 30 April 2012

Performance	1 Month	3 Months	6 Months	1 Year	2 Years (% pa)	3 Years (% pa)	4 Years (%pa)	Since Inception (%pa)
Magellan Infrastructure	1.57%	4.67%	9.19%	6.91%	15.85%	19.32%	3.50%	1.92%
Benchmark*	-0.19%	3.69%	5.35%	2.82%	6.33%	11.46%	-0.88%	-0.72%
Excess Return	1.75%	0.97%	3.84%	4.09%	9.52%	7.86%	4.39%	2.63%

*UBS Developed Infrastructure & Utilities Index Net TR Index ($A Hedged)

30 June 2011 Distribution per unit: $0.075272
Reinvestment price: $0.7308

See below for the unit prices for the current month for Magellan Infrastructure Fund. To download the historical unit prices in an Excel format; Magellan Infrastructure Fund Unit Prices History (Note: this file may be very slow to open by clicking on the link. It is best to “save as” a target file)

With effect from 1 March 2012 the Transaction Costs for the Magellan Infrastructure Fund are +/- 15 bps

Date	Net Asset Value	Entry Price	Exit Price
17/05/2012	0.7622	0.7633	0.7611
16/05/2012	0.7648	0.7659	0.7637
15/05/2012	0.7683	0.7695	0.7671
14/05/2012	0.7721	0.7733	0.7709
11/05/2012	0.7759	0.7771	0.7747
10/05/2012	0.7741	0.7753	0.7729
09/05/2012	0.7711	0.7723	0.7699
08/05/2012	0.7720	0.7732	0.7708
07/05/2012	0.7705	0.7717	0.7693
04/05/2012	0.7699	0.7711	0.7687
03/05/2012	0.7728	0.7740	0.7716
02/05/2012	0.7767	0.7779	0.7755
01/05/2012	0.7817	0.7829	0.7805
30/04/2012	0.7797	0.7809	0.7785
27/04/2012	0.7771	0.7783	0.7759
26/04/2012	0.7729	0.7741	0.7717
24/04/2012	0.7664	0.7675	0.7653
21/04/2012	0.7621	0.7632	0.7610
20/04/2012	0.7678	0.7690	0.7666
19/04/2012	0.7638	0.7649	0.7627
18/04/2012	0.7663	0.7674	0.7652
17/04/2012	0.7663	0.7674	0.7652
16/04/2012	0.7611	0.7622	0.7600
13/04/2012	0.7584	0.7595	0.7573
12/04/2012	0.7621	0.7632	0.7610
11/04/2012	0.7563	0.7574	0.7552
10/04/2012	0.7545	0.7556	0.7534
05/04/2012	0.7633	0.7644	0.7622
04/04/2012	0.7664.	0.7675	0.7653
03/04/2012	0.7727	0.7739	0.7715
02/04/2012	0.7716	0.7728	0.7704
30/03/2012	0.7677	0.7689	0.7665
29/03/2012	0.7633	0.7644	0.7622
28/03/2012	0.7659	0.7670	0.7648
27/03/2012	0.7678	0.7690	0.7666
26/03/2012	0.7682	0.7694	0.7670
23/03/2012	0.7617	0.7628	0.7606
22/03/2012	0.7625	0.7636	0.7614
21/03/2012	0.7626	0.7637	0.7615
20/03/2012	0.7633	0.7644	0.7622
19/03/2012	0.7656	0.7667	0.7645
16/03/2012	0.7670	0.7682	0.7658
15/03/2012	0.7677	0.7689	0.7665
14/03/2012	0.7671	0.7683	0.7659
13/03/2012	0.7706	0.7718	0.7694
12/03/2012	0.7635	0.7646	0.7624
09/03/2012	0.7603	0.7614	0.7592
08/03/2012	0.7571	0.7582	0.7560
07/03/2012	0.7524	0.7535	0.7513
06/03/2012	0.7515	0.7526	0.7504
05/03/2012	0.7589	0.7600	0.7578
02/03/2012	0.7583	0.7594	0.7572
01/03/2012	0.7577	0.7588	0.7566
29/02/2012	0.7581	0.7600	0.7562
28/02/2012	0.7571	0.7590	0.7552
27/02/2012	0.7580	0.7599	0.7561
24/02/2012	0.7600	0.7619	0.7581
23/02//2012	0.7587	0.7606	0.7568
22/02/2012	0.7572	0.7591	0.7553
21/02/2012	0.7584	0.7603	0.7565
20/02/2012	0.7590	0.7609	0.7571
17/02/2012	0.7566	0.7585	0.7547
16/02/2012	0.7546	0.7565	0.7527
15/02/2012	0.7528	0.7547	0.7509
14/02/2012	0.7520	0.7539	0.7501
13/02/2012	0.7523	0.7542	0.7504
10/02/2012	0.7499	0.7518	0.7480
09/02/2012	0.7538	0.7557	0.7519
08/02/2012	0.7527	0.7546	0.7508
07/02/2012	0.7535	0.7554	0.7516
06/02/2012	0.7535	0.7554	0.7516
03/02/2012	0.7540	0.7559	0.7521
02/02/2012	0.7507	0.7526	0.7488
01/02/2012	0.7514	0.7533	0.7495
31/01/2012	0.7457	0.7476	0.7438
30/01/2012	0.7421	0.7440	0.7402
27/01/2012	0.7474	0.7493	0.7455
25/01/2012	0.7441	0.7460	0.7422
24/01/2012	0.7394	0.7412	0.7376
23/01/2012	0.7414	0.7433	0.7395
20/01/2012	0.7394	0.7412	0.7376
19/01/2012	0.7358	0.7376	0.7340
18/01/2012	0.7391	0.7409	0.7373
17/01/2012	0.7408	0.7427	0.7389
16/01/2012	0.7374	0.7392	0.7356
13/01/2012	0.7375	0.7393	0.7357
12/01/2012	0.7378	0.7396	0.7360
11/01/2012	0.7369	0.7387	0.7351
10/01/2012	0.7378	0.7396	0.7360
09/01/2012	0.7376	0.7394	0.7358
08/01/2012	0.7376	0.7394	0.7358
06/01/2012	0.7362	0.7380	0.7344
05/01/2012	0.7389	0.7407	0.7371
04/01/2012	0.7441	0.7460	0.7422
03/01/2012	0.7435	0.7454	0.7416
30/12/2011	0.7408	0.7427	0.7389
29/12/2011	0.7427	0.7446	0.7408
28/12/2011	0.7397	0.7415	0.7379
23/12/2011	0.7369	0.7387	0.7351
22/12/2011	0.7321	0.7339	0.7303
21/12/2011	0.7313	0.7331	0.7295
20/12/2011	0.7253	0.7271	0.7235
19/12/2011	0.7165	0.7183	0.7147
16/12/2011	0.7206	0.7224	0.7188
15/12/2011	0.7175	0.7193	0.7157
14/12/2011	0.7108	0.7126	0.7090
13/12/2011	0.7149	0.7167	0.7131
12/12/2011	0.7142	0.7160	0.7124
09/12/2011	0.7176	0.7194	0.7158
08/12/2011	0.7131	0.7149	0.7113
07/12/2011	0.7206	0.7224	0.7188
06/12/2011	0.7227	0.7245	0.7209
05/12/2011	0.7278	0.7296	0.7260
02/12/2011	0.7216	0.7234	0.7198
01/12/2011	0.7246	0.7264	0.7228
30/11/2011	0.7239	0.7257	0.7221
29/11/2011	0.7081	0.7099	0.7063
28/11/2011	0.7023	0.7041	0.7005
25/11/2011	0.6895	0.6912	0.6878
24/11/2011	0.6915	0.6932	0.6898
23/11/2011	0.6924	0.6941	0.6907
22/11/2011	0.7016	0.7034	0.6998
21/11/2011	0.7058	0.7076	0.7040
18/11/2011	0.7139	0.7157	0.7121
17/11/2011	0.7139	0.7157	0.7121
16/11/2011	0.7164	0.7182	0.7146
15/11/2011	0.7204	0.7222	0.7186
14/11/2011	0.7200	0.7218	0.7182
11/11/2011	0.7256	0.7274	0.7238
10/11/2011	0.7151	0.7169	0.7133
09/11/2011	0.7148	0.7166	0.7130
08/11/2011	0.7240	0.7258	0.7222
07/11/2011	0.7219	0.7237	0.7201
04/11/2011	0.7193	0.7211	0.7175
03/11/2011	0.7216	0.7234	0.7198
02/11/2011	0.7107	0.7125	0.7089
01/11/2011	0.7029	0.7047	0.7011
31/10/2011	0.7148	0.7166	0.7130
28/10/2011	0.7220	0.7238	0.7202
27/10/2011	0.7253	0.7271	0.7235
26/10/2011	0.7144	0.7162	0.7126
25/10/2011	0.7147	0.7165	0.7129
24/10/2011	0.7225	0.7243	0.7207
21/10/2011	0.7202	0.7220	0.7184
20/10/2011	0.7133	0.7151	0.7115
19/10/2011	0.7168	0.7186	0.7150
18/10/2011	0.7143	0.7161	0.7125
17/10/2011	0.7142	0.7160	0.7124
14/10/2011	0.7149	0.7167	0.7131
13/10/2011	0.7130	0.7148	0.7112
12/10/2011	0.7088	0.7106	0.7070
11/10/2011	0.7091	0.7109	0.7073
10/10/2011	0.7119	0.7137	0.7101
07/10/2011	0.7020	0.7038	0.7002
06/10/2011	0.7010	0.7028	0.6992
05/10/2011	0.6900	0.6917	0.6883
04/10/2011	0.6876	0.6893	0.6859
30/09/2011	0.7033	0.7051	0.7015
29/09/2011	0.7069	0.7087	0.7051
28/09/2011	0.6970	0.6987	0.6953
27/09/2011	0.7023	0.7041	0.7005
26/09/2011	0.6877	0.6894	0.6860
23/09/2011	0.6831	0.6848	0.6814
22/09/2011	0.6838	0.6855	0.6821
21/09/2011	0.6982	0.6999	0.6965
20/09/2011	0.7004	0.7022	0.6986
19/09/2011	0.6943	0.6960	0.6926
16/09/2011	0.7014	0.7032	0.6996
15/09/2011	0.6991	0.7008	0.6974
14/09/2011	0.6935	0.6952	0.6918
13/09/2011	0.6880	0.6897	0.6863
12/09/2011	0.6862	0.6879	0.6845
09/09/2011	0.6932	0.6949	0.6915
08/09/2011	0.7029	0.7047	0.7011
07/09/2011	0.7010	0.7028	0.6992
06/09/2011	0.6895	0.6912	0.6878
05/09/2011	0.6935	0.6952	0.6918
02/09/2011	0.6986	0.7003	0.6969
01/09/2011	0.7077	0.7095	0.7059
31/08/2011	0.7081	0.7099	0.7063
30/08/2011	0.7023	0.7041	0.7005
29/08/2011	0.6981	0.6998	0.6964
26/08/2011	0.6882	0.6899	0.6865
25/08/2011	0.6880	0.6897	0.6863
24/08/2011	0.6907	0.6924	0.6890
23/08/2011	0.6817	0.6834	0.6800
22/08/2011	0.6704	0.6721	0.6687
19/08/2011	0.6672	0.6689	0.6655
18/08/2011	0.6764	0.6781	0.6747
17/08/2011	0.6896	0.6913	0.6879
16/08/2011	0.6861	0.6878	0.6844
15/08/2011	0.6940	0.6957	0.6923
12/08/2011	0.6793	0.6810	0.6776
11/08/2011	0.6726	0.6743	0.6709
10/08/2011	0.6567	0.6583	0.6551
09/08/2011	0.6588	0.6604	0.6572
08/08/2011	0.6483	0.6499	0.6467
05/08/2011	0.6791	0.6808	0.6774
04/08/2011	0.6892	0.6909	0.6875
03/08/2011	0.7046	0.7064	0.7028
02/08/2011	0.7084	0.7102	0.7066
01/08/2011	0.7140	0.7158	0.7122
29/07/2011	0.7150	0.7168	0.7132
28/07/2011	0.7196	0.7214	0.7178