This function is used to extract components of long fields as delimited by a given fixed string. For example, suppose we had the following case fragment:

                   01 Jun 09                                                   02 Nov 09
FullAddress        Room 101 Bondi Beach Hotel^Campbell Pde^Bondi^NSW^2517      Room 99 Thirroul Hotel^Lawrence Hargreave Dve^Thirroul^NSW^2515

Then the Calculated Value Attribute with expression

part 3 of FullAddress split by “^”

would have values:

Bondi, Thirroul