Ann: FY2021 Interim Results Webinars, page-14

I hold WMI WLE WGB and thru the Amaysim t/o WAM. I guess we continue to hold these funds primarily due to trust. Altho the SP is frequently over the NTA, we trust the guys at WAM to trim the riskier holdings, make good initial investment decisions, sell where necessary, take advantage of IPOs and sort out which ones are and which ones aren’t good, to maintain the stream of FFR divvies and to generally manage our money in a responsible and trustworthy way. Exactly how we would manage our own money if we invested it directly! The proof has been there for some time now......