Hi All, Inspired by Sim's detailed analysis of his managed funds I thought I would do a bit of investigation myself. As an example I downloaded the history of unit prices for the Platinum International fund. This consisted of unit prices for the fund as well as distributions at the end of each financial year. To take account of the distributions I simply added them back onto the unit prices. If I look at my Excel plot of unit prices (see attached) it goes from $1 at inception to just under $4 now. But if I look at the chart on the platinum website it goes from 100 to about 650. Shouldn't they both be at the same level (ie just under 4, or 400 on their scale). Am I doing something wrong? I get the feeling I've made beginner error #1 . Thanks. John.