The impact of the Sep 11 attacks on the financial markets has been marked but may not necessarily be long lasting. Corporate bonds have generally fared less well that government bonds but under-performance of high quality issues has been limited. The fund's investments are heavily biased towards high credit quality bonds of short maturity and therefore the overall impact has been to boost the portfolios value as interest rates have fallen.

The table of top and bottom performing unit trusts released by Standard & Poor's shows that Marriott Global Income Fund was the best performing unit trust for the 3rd quarter to end of September. The fund returned 18.42% against a industry average of -4.5% for the quarter, according to the survey. The fund is currently closed to new investors.

Due to the closure of the US markets the Marriott Global Real Estate and the Marriott Global Income Funds will not be able to be valued and priced for the 11th and 12th of September 2001. It is expected that the markets will open again on Friday enabling the global funds be priced. Any repurchases that are received will be processed at the next available price.