South Global Select (20280 1) has a net value of 0.833 1 today.

In 2007, the subscription value without deducting management fees and custody fees was = 8549.28× 0.8331= 7122.40, and various expenses of the fund were relatively high.

Subscription rate (within 100W front end):? 1.50%

Management rate (year):? 1.85%

Custody rate (year):? 0.30 %

So at present, your income is negative, so the less part is loss and management fee, custody fee and subscription fee.