Ashburton Investments is licensed for use by Ashburton Fund Managers (Proprietary) Limited (Reg No 2002/013187/07), a company incorporated in South Africa and a licensed Financial Services Provider (“FSP”) in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002 (“FAIS Act”), with FSP number 40169, regulated by the Financial Sector Conduct Authority. Past performance is not a reliable indicator of future results. Investment may not be suitable for everybody, and potential investors should take their own independent advice.