Pension & Investment Consultants

Invesco Secure Bond II Update - October to December 2010

Invesco Secure Bond ll

Performance Update: 1 October 2010 to 31 December 2010

Performance Commentary

The underlying investment strategy posted very strong performance in the fourth quarter of 2010. Volatility (as measured by the VIX index) declined below long run average levels to 17.75%.

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For further information please contact Paddy Swan ( or James Finucane (