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234.5 532.889 l
S
Q
BT
8 0 0 8 237.5 526.8892 Tm
0 0 0 1 k
-0.025 Tc
(Goldman Sachs N-11 Equity Portfolio - Class R )Tj
0 -1.25 TD
(Shares \(Acc\) \(EUR\))Tj
/F2 1 Tf
4 0 0 4 295.236 519.9892 Tm
-0.05 Tc
(\(5\))Tj
ET
q
394 507.389 4 25.5 re
W n
1 0.84 0.31 0.17 K
3 w
394 532.889 m
398 532.889 l
S
Q
q
400 507.389 4 25.5 re
W n
1 0.84 0.31 0.17 K
3 w
400 532.889 m
404 532.889 l
S
Q
BT
/F1 1 Tf
8 0 0 8 407 526.8892 Tm
-0.025 Tc
(MSCI Emerging Markets )Tj
ET
q
0.2 i
407 522.389 153.5 10.5 re
W n
BT
8 0 0 8 482.584 526.8892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 484.608 526.8892 Tm
(EM)Tj
ET
q
0.2 i
407 522.389 153.5 10.5 re
W n
BT
8 0 0 8 494.872 526.8892 Tm
0 Tc
(\))Tj
ET
Q
BT
8 0 0 8 496.896 526.8892 Tm
( - Net EUR)Tj
ET
q
0.2 i
407 522.389 153.5 10.5 re
W n
BT
/F2 1 Tf
4 0 0 4 527.784 529.9892 Tm
0 Tc
(\()Tj
ET
Q
BT
/F2 1 Tf
4 0 0 4 528.472 529.9892 Tm
0 Tc
(3)Tj
ET
q
0.2 i
407 522.389 153.5 10.5 re
W n
BT
4 0 0 4 530.048 529.9892 Tm
(\))Tj
ET
Q
BT
8 0 0 8 212.5 501.3892 Tm
[(V)37(euillez noter que l'indice de rfrence est prsent des ns d'illustration uniquement et peut tre diffrent de l'indice )]TJ
T*
(de rfrence mentionn dans les documents d'offre des fonds. Ce fonds est gr activement et n'a pas vocation suivre )Tj
T*
(son indice de rfrence, dont la composition peut s'carter de la manire dont le fonds est construit. La performance du )Tj
T*
(fonds peut ainsi diffrer de celle de son indice de rfrence. Par ailleurs, les performances de l'indice communiques ne )Tj
T*
(prennent pas en compte les frais de gestion ou d'autre nature du fonds, contrairement celles du fonds.)Tj
/F5 1 Tf
37.62 0 TD
( Les )Tj
-37.62 -1.25 TD
[(performances passes ne garantissent aucunement les rsultats futurs, qui sont susceptibles de varier)70(. La )]TJ
T*
(valeur des investissements et les revenus qui en dcoulent seront soumis des uctuations, la hausse )Tj
T*
(comme la baisse. Il existe un risque de perte du capital.)Tj
ET
q
212.5 402.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 418.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 407.8892 Tm
0 0 0 0 k
[(T)115(ableau des performances \(%\))]TJ
/F5 1 Tf
8 0 0 8 398.052 390.8892 Tm
0 0 0 1 k
-0.025 Tc
[(Cumulative)-9389(Annualise)]TJ
/F2 1 Tf
-5.106 -1.625 TD
(Depuis le )Tj
-0.389 -1.3125 TD
(lancemen)Tj
ET
q
0.2 i
342.5 362.889 40 21.5 re
W n
BT
8 0 0 8 380.476 367.3892 Tm
0 Tc
(t)Tj
ET
Q
BT
8 0 0 8 394.596 367.3892 Tm
[(1 mois)-1512(3 mois)-2325(YTD)]TJ
ET
q
477.5 362.889 5 23.5 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 386.389 m
481.5 361.389 l
S
Q
BT
8 0 0 8 490.868 367.3892 Tm
[(1 an)-1932(3 ans)-1932(5 ans)]TJ
ET
0.132 0.08 0.028 0 k
212.5 362.889 130 -13 re
f
BT
8 0 0 8 217.5 354.3892 Tm
0 0 0 1 k
(Part R \(Acc.\) \(EUR\))Tj
4 0 0 4 266.132 357.8892 Tm
-0.05 Tc
(\(5\))Tj
ET
q
342.5 349.889 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 362.889 45 -13 re
f
Q
BT
8 0 0 8 367.716 354.3892 Tm
-0.025 Tc
(\(2.60\))Tj
ET
q
387.5 349.889 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 362.889 30 -13 re
f
Q
BT
8 0 0 8 397.716 354.3892 Tm
(\(2.01\))Tj
ET
0.132 0.08 0.028 0 k
417.5 362.889 30 -13 re
f
BT
8 0 0 8 427.716 354.3892 Tm
0 0 0 1 k
(\(3.94\))Tj
ET
0.132 0.08 0.028 0 k
447.5 362.889 30 -13 re
f
BT
8 0 0 8 454.364 354.3892 Tm
0 0 0 1 k
(\(11.86\))Tj
ET
q
477.5 349.889 5 13 re
W n
0.132 0.08 0.028 0 k
477.5 362.889 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 362.889 m
481.5 337.889 l
S
Q
0.132 0.08 0.028 0 k
482.5 362.889 25 -13 re
f
BT
8 0 0 8 487.716 354.3892 Tm
0 0 0 1 k
(\(9.14\))Tj
ET
0.132 0.08 0.028 0 k
507.5 362.889 30 -13 re
f
BT
8 0 0 8 517.716 354.3892 Tm
0 0 0 1 k
(\(0.10\))Tj
ET
0.132 0.08 0.028 0 k
537.5 362.889 30 -13 re
f
BT
8 0 0 8 550.868 354.3892 Tm
0 0 0 1 k
(0.93)Tj
-41.671 -1.625 TD
(MSCI Emerging Markets \(EM\) - Net EUR)Tj
4 0 0 4 326.268 344.8892 Tm
-0.05 Tc
(\(3\))Tj
8 0 0 8 367.516 341.3892 Tm
-0.025 Tc
[(30.93)-1902(\(2.16\))-1902(\(4.39\))-1902(\(4.21\))]TJ
ET
q
477.5 336.889 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 349.889 m
481.5 324.889 l
S
Q
BT
8 0 0 8 490.868 341.3892 Tm
[(1.49)-1877(10.02)-2296(7.70)]TJ
ET
q
212.5 313.389 130 23.5 re
W n
0.132 0.08 0.028 0 k
212.5 336.889 130 -23.5 re
f
Q
BT
8 0 0 8 217.5 328.3892 Tm
(Moyenne sectorielle Morningstar Actions )Tj
0 -1.3125 TD
(marchs mergents monde)Tj
4 0 0 4 291.092 321.3892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
342.5 313.389 45 23.5 re
W n
0.132 0.08 0.028 0 k
342.5 336.889 45 -23.5 re
f
Q
q
387.5 313.389 30 23.5 re
W n
0.132 0.08 0.028 0 k
387.5 336.889 30 -23.5 re
f
Q
BT
8 0 0 8 397.716 328.3892 Tm
-0.025 Tc
(\(2.89\))Tj
ET
q
417.5 313.389 30 23.5 re
W n
0.132 0.08 0.028 0 k
417.5 336.889 30 -23.5 re
f
Q
BT
8 0 0 8 427.716 328.3892 Tm
(\(5.30\))Tj
ET
q
447.5 313.389 30 23.5 re
W n
0.132 0.08 0.028 0 k
447.5 336.889 30 -23.5 re
f
Q
BT
8 0 0 8 457.716 328.3892 Tm
(\(6.12\))Tj
ET
q
477.5 313.389 5 23.5 re
W n
0.132 0.08 0.028 0 k
477.5 336.889 5 -23.5 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 336.889 m
481.5 311.889 l
S
Q
q
482.5 313.389 25 23.5 re
W n
0.132 0.08 0.028 0 k
482.5 336.889 25 -23.5 re
f
Q
BT
8 0 0 8 487.716 328.3892 Tm
(\(1.09\))Tj
ET
q
507.5 313.389 30 23.5 re
W n
0.132 0.08 0.028 0 k
507.5 336.889 30 -23.5 re
f
Q
BT
8 0 0 8 520.868 328.3892 Tm
(8.12)Tj
ET
q
537.5 313.389 30 23.5 re
W n
0.132 0.08 0.028 0 k
537.5 336.889 30 -23.5 re
f
Q
BT
8 0 0 8 550.868 328.3892 Tm
(6.49)Tj
-41.671 -2.9375 TD
(Position \(quartile\))Tj
4 0 0 4 264.332 308.3892 Tm
-0.05 Tc
(\(4\))Tj
8 0 0 8 409.148 304.8892 Tm
3.306 Tc
(11)Tj
ET
q
0.2 i
447.5 300.389 25 11 re
W n
BT
8 0 0 8 469.148 304.8892 Tm
0 Tc
(4)Tj
ET
Q
q
477.5 300.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 313.389 m
481.5 288.389 l
S
Q
q
0.2 i
482.5 300.389 20 11 re
W n
BT
8 0 0 8 499.148 304.8892 Tm
0 Tc
(4)Tj
ET
Q
q
0.2 i
507.5 300.389 25 11 re
W n
BT
8 0 0 8 529.148 304.8892 Tm
0 Tc
(4)Tj
ET
Q
q
0.2 i
537.5 300.389 25 11 re
W n
BT
8 0 0 8 559.1479 304.8892 Tm
0 Tc
(4)Tj
ET
Q
0.53 0.32 0.11 0 k
212.5 294.389 355 -16.5 re
f
BT
/F4 1 Tf
10 0 0 10 216.5 283.3892 Tm
0 0 0 0 k
0 Tc
[(P)30(erformance \(Anne ci)-20(vile\) \(%\))]TJ
/F2 1 Tf
8 0 0 8 449.092 269.3892 Tm
0 0 0 1 k
-0.025 Tc
[(2013)-1449(201)]TJ
ET
q
0.2 i
467.5 264.889 20 11 re
W n
BT
8 0 0 8 484.148 269.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 499.092 269.3892 Tm
[(2015)-1449(2016)-1449(2017)]TJ
ET
q
212.5 251.889 230 13 re
W n
0.132 0.08 0.028 0 k
212.5 264.889 230 -13 re
f
Q
BT
8 0 0 8 217.5 256.3892 Tm
(Part R \(Acc.\) \(EUR\))Tj
ET
q
442.5 251.889 25 13 re
W n
0.132 0.08 0.028 0 k
442.5 264.889 25 -13 re
f
Q
BT
8 0 0 8 452.196 256.3892 Tm
(-4.3)Tj
ET
q
467.5 251.889 25 13 re
W n
0.132 0.08 0.028 0 k
467.5 264.889 25 -13 re
f
Q
BT
8 0 0 8 475.868 256.3892 Tm
(12.6)Tj
ET
q
492.5 251.889 25 13 re
W n
0.132 0.08 0.028 0 k
492.5 264.889 25 -13 re
f
Q
BT
8 0 0 8 502.196 256.3892 Tm
(-6.8)Tj
ET
q
517.5 251.889 25 13 re
W n
0.132 0.08 0.028 0 k
517.5 264.889 25 -13 re
f
Q
BT
8 0 0 8 527.196 256.3892 Tm
(-2.0)Tj
ET
q
542.5 251.889 25 13 re
W n
0.132 0.08 0.028 0 k
542.5 264.889 25 -13 re
f
Q
BT
8 0 0 8 550.868 256.3892 Tm
(12.)Tj
ET
q
0.2 i
542.5 251.889 20 11 re
W n
BT
8 0 0 8 559.1479 256.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 217.5 243.3892 Tm
[(MSCI Emerging Markets \(EM\) - Net EUR)-15741(-6.8)-1671(11.)]TJ
ET
q
0.2 i
467.5 238.889 20 11 re
W n
BT
8 0 0 8 484.148 243.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 502.196 243.3892 Tm
[(-5.2)-1671(14.5)-1671(20.6)]TJ
/F5 1 Tf
-35.587 -9.2362 TD
(Veuillez vous reporter aux notes annexes. Toutes les donnes relatives aux performances et aux participations )Tj
0 -1.25 TD
(s'entendent au 31-aot-18.)Tj
0 -1.3125 TD
0 Tc
[(Les performances passes ne garantissent aucunement les rsultats futurs, qui sont susceptibles de varier)70(.)]TJ
/F2 1 Tf
0 -1.25 TD
(* Nous distinguons deux grandes catgories de fonds an d'aider les investisseurs construire leur portefeuille global. )Tj
T*
(Nous dsignons comme)Tj
/F5 1 Tf
8.607 0 TD
( Base )Tj
/F2 1 Tf
3.609 0 TD
( les fonds suivants : \(A\) Les fonds d'actions vocation internationale ou ceux )Tj
-12.216 -1.25 TD
(principalement axs sur les marchs amricains et europens, compte tenu de la taille et de la transparence de ces )Tj
T*
(marchs. \(B\) Les fonds obligataires vocation internationale ou ceux principalement axs sur les marchs amricain, )Tj
T*
(europen et britannique et investissant essentiellement dans de la dette de catgorie investment grade, y compris des )Tj
T*
(emprunts d'Etat. \(C\) Fonds multi-actifs disposant d'un indice de rfrence multi-actifs. Les fonds de base peuvent, de par )Tj
T*
(leur nature, prsenter un risque plus lev. Nous dsignons tous les autres fonds comme)Tj
/F5 1 Tf
32.093 0 TD
( Complments )Tj
/F2 1 Tf
7.054 0 TD
(. Ils peuvent )Tj
-39.147 -1.25 TD
(eux aussi prsenter des prols de risque variables. Rien ne garantit que ces objectifs seront atteints.)Tj
T*
(S'agissant des portefeuilles afchant un biais rgional, nous comprenons parfaitement que d'autres investisseurs )Tj
T*
(peuvent adopter une catgorisation diffrente.)Tj
/F5 1 Tf
16.823 0 TD
[( Analysez soigneusement vos objectifs nanciers avant d'investir)70(. )]TJ
-16.823 -1.25 TD
(Consultez votre conseiller nancier avant tout investissement an de dterminer si un investissement dans )Tj
T*
(ce fonds et le montant de celui-ci seraient appropris.)Tj
ET
0 0 0 0 k
38.75 67.95 90 -36.2 re
f
0 0 0 1 k
0.2 i
83.354 58.153 m
83.331 58.153 l
82.558 54.657 l
84.171 54.657 l
h
80.092 51.62 m
82.333 59.711 l
84.564 59.711 l
86.758 51.62 l
84.978 51.62 l
84.529 53.414 l
82.221 53.414 l
81.762 51.62 l
f
88.833 53.436 m
88.822 53.177 88.833 52.931 88.911 52.752 c
89 52.574 89.168 52.484 89.482 52.484 c
89.796 52.484 90.064 52.685 90.064 53.065 c
90.064 54.264 87.287 53.995 87.287 55.799 c
87.287 57.021 88.496 57.392 89.516 57.392 c
90.592 57.392 91.566 56.875 91.477 55.654 c
89.93 55.654 l
89.93 56.047 89.887 56.283 89.773 56.383 c
89.673 56.483 89.539 56.505 89.371 56.505 c
89.024 56.505 88.833 56.283 88.833 55.901 c
88.833 55.005 91.611 55.049 91.611 53.233 c
91.611 52.246 90.805 51.51 89.492 51.51 c
88.115 51.51 87.195 51.855 87.287 53.436 c
88.833 53.436 l
f
94.087 53.436 m
94.076 53.177 94.087 52.931 94.166 52.752 c
94.254 52.574 94.425 52.484 94.737 52.484 c
95.051 52.484 95.32 52.685 95.32 53.065 c
95.32 54.264 92.54 53.995 92.54 55.799 c
92.54 57.021 93.75 57.392 94.772 57.392 c
95.846 57.392 96.821 56.875 96.733 55.654 c
95.187 55.654 l
95.187 56.047 95.142 56.283 95.026 56.383 c
94.928 56.483 94.793 56.505 94.626 56.505 c
94.277 56.505 94.087 56.283 94.087 55.901 c
94.087 55.005 96.866 55.049 96.866 53.233 c
96.866 52.246 96.059 51.51 94.748 51.51 c
93.369 51.51 92.452 51.855 92.54 53.436 c
94.087 53.436 l
f
100.777 55.084 m
100.777 55.632 100.798 56.415 100.047 56.415 c
99.32 56.415 99.331 55.564 99.331 55.084 c
h
99.331 54.197 m
99.331 53.524 99.352 52.518 100.047 52.518 c
100.607 52.518 100.719 53.055 100.719 53.524 c
102.322 53.524 l
102.3 52.909 102.099 52.405 101.718 52.058 c
101.347 51.709 100.788 51.51 100.047 51.51 c
98.008 51.51 97.74 52.752 97.74 54.523 c
97.74 56.068 97.964 57.392 100.047 57.392 c
102.175 57.392 102.412 56.013 102.355 54.197 c
99.331 54.197 l
f
103.117 57.278 m
103.757 57.278 l
103.757 58.175 l
105.336 58.881 l
105.336 57.278 l
106.154 57.278 l
106.154 56.304 l
105.336 56.304 l
105.336 53.279 l
105.336 52.851 105.324 52.574 105.84 52.574 c
105.942 52.574 106.042 52.574 106.12 52.595 c
106.12 51.62 l
105.908 51.599 105.684 51.565 105.304 51.565 c
103.935 51.565 103.757 52.47 103.757 52.819 c
103.757 56.304 l
103.117 56.304 l
103.117 57.278 l
f
80.093 40.002 m
80.093 48.092 l
82.817 48.092 l
84.083 42.59 l
84.105 42.59 l
85.449 48.092 l
88.083 48.092 l
88.083 40.002 l
86.436 40.002 l
86.436 46.242 l
86.412 46.242 l
84.856 40.002 l
83.242 40.002 l
81.763 46.242 l
81.74 46.242 l
81.74 40.002 l
f
90.704 41.761 m
90.704 41.357 90.771 40.865 91.285 40.865 c
92.217 40.865 92.071 42.118 92.071 42.735 c
91.285 42.701 90.704 42.77 90.704 41.761 c
93.618 41.054 m
93.618 40.706 93.663 40.349 93.696 40.002 c
92.227 40.002 l
92.159 40.751 l
92.137 40.751 l
91.801 40.169 91.344 39.891 90.659 39.891 c
89.561 39.891 89.157 40.706 89.157 41.693 c
89.157 43.564 90.601 43.642 92.071 43.62 c
92.071 44.057 l
92.071 44.538 92.003 44.887 91.432 44.887 c
90.884 44.887 90.838 44.472 90.838 44.023 c
89.292 44.023 l
89.292 44.707 89.504 45.144 89.874 45.401 c
90.232 45.672 90.749 45.772 91.353 45.772 c
93.359 45.772 93.618 44.91 93.618 43.877 c
93.618 41.054 l
f
96.451 45.088 m
96.474 45.088 l
96.632 45.346 96.821 45.514 97.033 45.614 c
97.26 45.727 97.516 45.772 97.807 45.772 c
98.556 45.772 99.22 45.322 99.22 44.538 c
99.22 40.002 l
97.64 40.002 l
97.64 43.9 l
97.64 44.403 97.549 44.797 97.046 44.797 c
96.541 44.797 96.451 44.403 96.451 43.9 c
96.451 40.002 l
94.871 40.002 l
94.871 45.66 l
96.451 45.66 l
96.451 45.088 l
f
101.795 41.761 m
101.795 41.357 101.862 40.865 102.379 40.865 c
103.309 40.865 103.164 42.118 103.164 42.735 c
102.379 42.701 101.795 42.77 101.795 41.761 c
104.709 41.054 m
104.709 40.706 104.754 40.349 104.789 40.002 c
103.318 40.002 l
103.253 40.751 l
103.231 40.751 l
102.896 40.169 102.436 39.891 101.753 39.891 c
100.652 39.891 100.25 40.706 100.25 41.693 c
100.25 43.564 101.695 43.642 103.164 43.62 c
103.164 44.057 l
103.164 44.538 103.097 44.887 102.525 44.887 c
101.975 44.887 101.931 44.472 101.931 44.023 c
100.386 44.023 l
100.386 44.707 100.598 45.144 100.967 45.401 c
101.326 45.672 101.841 45.772 102.446 45.772 c
104.453 45.772 104.709 44.91 104.709 43.877 c
104.709 41.054 l
f
108.061 41.054 m
108.63 41.054 108.708 41.648 108.708 42.848 c
108.708 44.091 108.653 44.797 108.072 44.797 c
107.476 44.797 107.374 44.382 107.374 42.657 c
107.374 42.129 107.296 41.054 108.061 41.054 c
110.29 45.66 m
110.29 39.765 l
110.29 39.374 110.311 37.826 108.136 37.826 c
106.959 37.826 105.953 38.131 105.919 39.509 c
107.465 39.509 l
107.465 39.274 107.499 39.072 107.599 38.938 c
107.702 38.791 107.881 38.713 108.126 38.713 c
108.519 38.713 108.708 39.082 108.708 39.655 c
108.708 40.741 l
108.687 40.741 l
108.453 40.303 108.003 40.08 107.488 40.08 c
105.751 40.08 105.83 41.67 105.83 42.949 c
105.83 44.192 105.852 45.772 107.499 45.772 c
108.061 45.772 108.54 45.525 108.765 44.997 c
108.787 44.997 l
108.787 45.66 l
110.29 45.66 l
f
114.523 43.464 m
114.523 44.012 114.546 44.797 113.795 44.797 c
113.067 44.797 113.08 43.944 113.08 43.464 c
h
113.08 42.578 m
113.08 41.904 113.101 40.898 113.795 40.898 c
114.356 40.898 114.468 41.435 114.468 41.904 c
116.071 41.904 l
116.048 41.288 115.846 40.785 115.464 40.439 c
115.095 40.091 114.535 39.891 113.795 39.891 c
111.757 39.891 111.488 41.133 111.488 42.903 c
111.488 44.45 111.713 45.772 113.795 45.772 c
115.924 45.772 116.16 44.393 116.105 42.578 c
113.08 42.578 l
f
118.85 45.088 m
118.873 45.088 l
119.186 45.593 119.612 45.772 120.205 45.772 c
120.767 45.772 121.213 45.502 121.471 45.055 c
121.842 45.546 122.29 45.772 122.938 45.772 c
123.69 45.772 124.351 45.322 124.351 44.538 c
124.351 40.002 l
122.771 40.002 l
122.771 43.9 l
122.771 44.403 122.682 44.797 122.176 44.797 c
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244.485 681.829 245.766 682.153 247.064 682.393 c
h
252.5 652.889 m
f
252.5 652.889 m
243.229 681.421 l
244.485 681.829 245.766 682.153 247.064 682.393 c
h
252.5 652.889 m
S
252.5 652.889 m
247.064 682.393 l
247.558 682.484 248.055 682.562 248.553 682.628 c
h
252.5 652.889 m
f
252.5 652.889 m
247.064 682.393 l
247.558 682.484 248.055 682.562 248.553 682.628 c
h
252.5 652.889 m
S
252.5 652.889 m
248.553 682.628 l
248.989 682.686 249.426 682.735 249.864 682.773 c
h
252.5 652.889 m
f
252.5 652.889 m
248.553 682.628 l
248.989 682.686 249.426 682.735 249.864 682.773 c
h
252.5 652.889 m
S
252.5 652.889 m
249.864 682.773 l
250.428 682.823 250.992 682.857 251.558 682.874 c
h
252.5 652.889 m
f
252.5 652.889 m
249.864 682.773 l
250.428 682.823 250.992 682.857 251.558 682.874 c
h
252.5 652.889 m
S
252.5 652.889 m
251.558 682.874 l
251.872 682.884 252.186 682.889 252.5 682.889 c
h
252.5 652.889 m
f
252.5 652.889 m
251.558 682.874 l
251.872 682.884 252.186 682.889 252.5 682.889 c
h
252.5 652.889 m
S
0 0 0 0 k
267.5 652.889 m
267.5 661.173 260.784 667.889 252.5 667.889 c
244.216 667.889 237.5 661.173 237.5 652.889 c
237.5 644.605 244.216 637.889 252.5 637.889 c
260.784 637.889 267.5 644.605 267.5 652.889 c
f
267.5 652.889 m
267.5 661.173 260.784 667.889 252.5 667.889 c
244.216 667.889 237.5 661.173 237.5 652.889 c
237.5 644.605 244.216 637.889 252.5 637.889 c
260.784 637.889 267.5 644.605 267.5 652.889 c
S
BT
/F5 1 Tf
6 0 0 6 290.508 687.3892 Tm
1 0.43 0 0.65 k
-0.0333 Tc
(40.1)Tj
ET
q
0.2 i
287.5 683.889 16 8 re
W n
BT
6 0 0 6 299.032 687.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 687.3892 Tm
0 0 0 1 k
(Valeurs nancires)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.832 -1.5 TD
(13.8)Tj
ET
q
0.2 i
287.5 674.889 16 8 re
W n
BT
6 0 0 6 299.032 678.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 678.3892 Tm
0 0 0 1 k
(Technologies de l'information)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.832 -1.5 TD
(12.6)Tj
ET
q
0.2 i
287.5 665.889 16 8 re
W n
BT
6 0 0 6 299.032 669.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 669.3892 Tm
0 0 0 1 k
(Matriaux)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.832 -1.5 TD
(11.1)Tj
ET
q
0.2 i
287.5 656.889 16 8 re
W n
BT
6 0 0 6 299.032 660.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 660.3892 Tm
0 0 0 1 k
(Produits de consommation )Tj
0 -1.25 TD
(courante)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(6.9)Tj
ET
q
0.2 i
287.5 640.389 16 8 re
W n
BT
6 0 0 6 299.032 643.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 643.8892 Tm
0 0 0 1 k
(secteur de la consommation )Tj
0 -1.25 TD
(discrtionnaire)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(5.4)Tj
ET
q
0.2 i
287.5 623.889 16 8 re
W n
BT
6 0 0 6 299.032 627.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 627.3892 Tm
0 0 0 1 k
(Services de )Tj
0 -1.25 TD
(Tlcommunication)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(2.7)Tj
ET
q
0.2 i
287.5 607.389 16 8 re
W n
BT
6 0 0 6 299.032 610.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 610.8892 Tm
0 0 0 1 k
(Soins de sant)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(2.4)Tj
ET
q
0.2 i
287.5 598.389 16 8 re
W n
BT
6 0 0 6 299.032 601.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 601.8892 Tm
0 0 0 1 k
(Immobilier)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(2.1)Tj
ET
q
0.2 i
287.5 589.389 16 8 re
W n
BT
6 0 0 6 299.032 592.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 592.8892 Tm
0 0 0 1 k
(Valeurs industrielles)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(0.8)Tj
ET
q
0.2 i
287.5 580.389 16 8 re
W n
BT
6 0 0 6 299.032 583.8892 Tm
0 Tc
(%)Tj
ET
Q
q
0.2 i
307.5 580.389 70 8 re
W n
BT
/F1 1 Tf
6 0 0 6 307.5 583.8892 Tm
0 0 0 1 k
0 Tc
()Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 310.3 583.8892 Tm
0 0 0 1 k
(nergie)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.888 -1.5 TD
(0.7)Tj
ET
q
0.2 i
287.5 571.389 16 8 re
W n
BT
6 0 0 6 299.032 574.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 574.8892 Tm
0 0 0 1 k
(Services aux Collectivits)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(0.9)Tj
ET
q
0.2 i
287.5 562.389 16 8 re
W n
BT
6 0 0 6 299.032 565.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 565.8892 Tm
0 0 0 1 k
(Autres)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(0.5)Tj
ET
q
0.2 i
287.5 553.389 16 8 re
W n
BT
6 0 0 6 299.032 556.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 556.8892 Tm
0 0 0 1 k
(Trsorerie et quasi-trsorerie)Tj
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q
0.2 i
439 677.889 18 8 re
W n
0 0 0 1 K
0.5 w
/GS2 gs
455.846 679.91 m
447.45 683.837 439.582 683.142 y
439.5 685.889 m
439.5 680.272 l
454.281 682.483 m
456.19 679.895 l
453.035 678.594 l
S
Q
1 0.43 0 0.65 k
/GS2 gs
437.5 646.889 m
437.5 676.889 l
454.013 676.889 467.422 663.544 467.5 647.031 c
h
437.5 646.889 m
f
/GS1 gs
437.5 646.889 m
437.5 676.889 l
454.013 676.889 467.422 663.544 467.5 647.031 c
h
437.5 646.889 m
S
437.5 646.889 m
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467.574 631.322 455.517 618.216 439.856 616.982 c
h
437.5 646.889 m
f
437.5 646.889 m
467.5 647.031 l
467.574 631.322 455.517 618.216 439.856 616.982 c
h
437.5 646.889 m
S
437.5 646.889 m
439.856 616.982 l
428.801 616.111 418.167 621.41 412.205 630.76 c
h
437.5 646.889 m
f
437.5 646.889 m
439.856 616.982 l
428.801 616.111 418.167 621.41 412.205 630.76 c
h
437.5 646.889 m
S
437.5 646.889 m
412.205 630.76 l
409.279 635.349 407.656 640.647 407.511 646.087 c
h
437.5 646.889 m
f
437.5 646.889 m
412.205 630.76 l
409.279 635.349 407.656 640.647 407.511 646.087 c
h
437.5 646.889 m
S
437.5 646.889 m
407.511 646.087 l
407.398 650.316 408.18 654.52 409.806 658.424 c
h
437.5 646.889 m
f
437.5 646.889 m
407.511 646.087 l
407.398 650.316 408.18 654.52 409.806 658.424 c
h
437.5 646.889 m
S
437.5 646.889 m
409.806 658.424 l
411.164 661.684 413.087 664.678 415.486 667.27 c
h
437.5 646.889 m
f
437.5 646.889 m
409.806 658.424 l
411.164 661.684 413.087 664.678 415.486 667.27 c
h
437.5 646.889 m
S
437.5 646.889 m
415.486 667.27 l
417.54 669.489 419.919 671.385 422.541 672.894 c
h
437.5 646.889 m
f
437.5 646.889 m
415.486 667.27 l
417.54 669.489 419.919 671.385 422.541 672.894 c
h
437.5 646.889 m
S
437.5 646.889 m
422.541 672.894 l
425.108 674.37 427.879 675.459 430.765 676.124 c
h
437.5 646.889 m
f
437.5 646.889 m
422.541 672.894 l
425.108 674.37 427.879 675.459 430.765 676.124 c
h
437.5 646.889 m
S
437.5 646.889 m
430.765 676.124 l
432.667 676.562 434.606 676.813 436.557 676.874 c
h
437.5 646.889 m
f
437.5 646.889 m
430.765 676.124 l
432.667 676.562 434.606 676.813 436.557 676.874 c
h
437.5 646.889 m
S
437.5 646.889 m
436.557 676.874 l
436.871 676.884 437.186 676.889 437.5 676.889 c
h
437.5 646.889 m
f
437.5 646.889 m
436.557 676.874 l
436.871 676.884 437.186 676.889 437.5 676.889 c
h
437.5 646.889 m
S
0 0 0 0 k
452.5 646.889 m
452.5 655.173 445.784 661.889 437.5 661.889 c
429.216 661.889 422.5 655.173 422.5 646.889 c
422.5 638.605 429.216 631.889 437.5 631.889 c
445.784 631.889 452.5 638.605 452.5 646.889 c
f
452.5 646.889 m
452.5 655.173 445.784 661.889 437.5 661.889 c
429.216 661.889 422.5 655.173 422.5 646.889 c
422.5 638.605 429.216 631.889 437.5 631.889 c
445.784 631.889 452.5 638.605 452.5 646.889 c
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BT
/F5 1 Tf
6 0 0 6 475.508 681.3892 Tm
1 0.43 0 0.65 k
(24.9)Tj
ET
q
0.2 i
472.5 677.889 16 8 re
W n
BT
6 0 0 6 484.032 681.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 681.3892 Tm
0 0 0 1 k
(Core du sud)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.832 -1.5 TD
(23.8)Tj
ET
q
0.2 i
472.5 668.889 16 8 re
W n
BT
6 0 0 6 484.032 672.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 672.3892 Tm
0 0 0 1 k
(Mexique)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.832 -1.5 TD
(17.2)Tj
ET
q
0.2 i
472.5 659.889 16 8 re
W n
BT
6 0 0 6 484.032 663.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 663.3892 Tm
0 0 0 1 k
(Indonsie)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(8.6)Tj
ET
q
0.2 i
472.5 650.889 16 8 re
W n
BT
6 0 0 6 484.032 654.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 654.3892 Tm
0 0 0 1 k
(Turquie)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(6.7)Tj
ET
q
0.2 i
472.5 641.889 16 8 re
W n
BT
6 0 0 6 484.032 645.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 645.3892 Tm
0 0 0 1 k
(Philippines)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(5.6)Tj
ET
q
0.2 i
472.5 632.889 16 8 re
W n
BT
6 0 0 6 484.032 636.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 636.3892 Tm
0 0 0 1 k
(Vietnam)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(4.8)Tj
ET
q
0.2 i
472.5 623.889 16 8 re
W n
BT
6 0 0 6 484.032 627.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 627.3892 Tm
0 0 0 1 k
(Bangladesh)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(4.7)Tj
ET
q
0.2 i
472.5 614.889 16 8 re
W n
BT
6 0 0 6 484.032 618.3892 Tm
0 Tc
(%)Tj
ET
Q
q
0.2 i
492.5 614.889 70 8 re
W n
BT
/F1 1 Tf
6 0 0 6 492.5 618.3892 Tm
0 0 0 1 k
0 Tc
()Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 495.3 618.3892 Tm
0 0 0 1 k
(gypte)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.888 -1.5 TD
(3.1)Tj
ET
q
0.2 i
472.5 605.889 16 8 re
W n
BT
6 0 0 6 484.032 609.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 609.3892 Tm
0 0 0 1 k
(Pakistan)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(0.5)Tj
ET
q
0.2 i
472.5 596.889 16 8 re
W n
BT
6 0 0 6 484.032 600.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 600.3892 Tm
0 0 0 1 k
(Trsorerie et quasi-trsorerie)Tj
ET
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f
BT
/F4 1 Tf
10 0 0 10 216.5 524.3892 Tm
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0 Tc
[(P)30(a)0(r)25(ticipations \(1)55(0 premires\))]TJ
/F5 1 Tf
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(\(6\))Tj
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-0.025 Tc
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ET
q
212.5 481.389 139 23.5 re
W n
0.132 0.08 0.028 0 k
212.5 504.889 139 -23.5 re
f
Q
BT
8 0 0 8 217.5 496.3892 Tm
(Samsung Electronics Co Ltd)Tj
ET
q
351.5 481.389 25 23.5 re
W n
0.132 0.08 0.028 0 k
351.5 504.889 25 -23.5 re
f
Q
BT
8 0 0 8 363.22 496.3892 Tm
(8.)Tj
ET
q
0.2 i
351.5 491.889 20 11 re
W n
BT
8 0 0 8 368.148 496.3892 Tm
0 Tc
(4)Tj
ET
Q
q
376.5 481.389 11 23.5 re
W n
0.132 0.08 0.028 0 k
376.5 504.889 11 -23.5 re
f
Q
q
387.5 481.389 70 23.5 re
W n
0.132 0.08 0.028 0 k
387.5 504.889 70 -23.5 re
f
Q
BT
8 0 0 8 387.5 496.3892 Tm
(Core du sud)Tj
ET
q
457.5 481.389 110 23.5 re
W n
0.132 0.08 0.028 0 k
457.5 504.889 110 -23.5 re
f
Q
BT
8 0 0 8 457.5 496.3892 Tm
(Matriel et )Tj
ET
q
0.2 i
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W n
BT
8 0 0 8 489.308 496.3892 Tm
0 Tc
()Tj
ET
Q
BT
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(quipement Lis Aux )Tj
-4.395 -1.3125 TD
(Technologies de lInformation)Tj
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[(Bank Central Asia Tbk PT)-9764(7.6)-2000(Indonsie)-5478(Banques)]TJ
ET
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f
BT
8 0 0 8 217.5 458.8892 Tm
0 0 0 1 k
(Commercial International Bank Egypt SAE)Tj
ET
q
351.5 453.389 25 14 re
W n
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351.5 467.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 458.8892 Tm
(4.2)Tj
ET
0.132 0.08 0.028 0 k
376.5 467.389 11 -14 re
f
q
387.5 453.389 70 14 re
W n
387.5 467.389 70 -14 re
f
Q
q
0.2 i
387.5 454.389 65 11 re
W n
BT
8 0 0 8 387.5 458.8892 Tm
0 0 0 1 k
0 Tc
()Tj
ET
Q
BT
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0 0 0 1 k
(gypte)Tj
ET
q
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W n
0.132 0.08 0.028 0 k
457.5 467.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 458.8892 Tm
(Banques)Tj
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[(Grupo Financiero Banorte SAB de CV)-5793(4.1)-2000(Mexique)-5760(Banques)]TJ
ET
0.132 0.08 0.028 0 k
212.5 439.389 139 -14 re
f
BT
8 0 0 8 217.5 430.8893 Tm
0 0 0 1 k
(Bolsa Mexicana de Valores SAB de CV)Tj
ET
q
351.5 425.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 439.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 430.8893 Tm
(3.1)Tj
ET
0.132 0.08 0.028 0 k
376.5 439.389 11 -14 re
f
q
387.5 425.389 70 14 re
W n
387.5 439.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 430.8893 Tm
0 0 0 1 k
(Mexique)Tj
ET
q
457.5 425.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 439.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 430.8893 Tm
(Services Financiers Diversis)Tj
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[(Vietnam Dairy Products JSC)-8757(2.9)-2000(Vietnam)-5926(Produits Alimentaires, Boissons et )]TJ
30 -1.3125 TD
(Tabac)Tj
ET
0.132 0.08 0.028 0 k
212.5 401.889 139 -34 re
f
BT
8 0 0 8 217.5 393.3893 Tm
0 0 0 1 k
(Wal-Mart de Mexico SAB de CV)Tj
ET
q
351.5 367.889 25 34 re
W n
0.132 0.08 0.028 0 k
351.5 401.889 25 -34 re
f
Q
BT
8 0 0 8 363.22 393.3893 Tm
(2.8)Tj
ET
0.132 0.08 0.028 0 k
376.5 401.889 11 -34 re
f
q
387.5 367.889 70 34 re
W n
387.5 401.889 70 -34 re
f
Q
BT
8 0 0 8 387.5 393.3893 Tm
0 0 0 1 k
(Mexique)Tj
ET
q
457.5 367.889 110 34 re
W n
0.132 0.08 0.028 0 k
457.5 401.889 110 -34 re
f
Q
BT
8 0 0 8 457.5 393.3893 Tm
(Vente au Dtail de Produits )Tj
T*
(Alimentaires et de Produits de )Tj
T*
(Premire Ncessit)Tj
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[(Fomento Economico Mexicano SAB de CV)-4010(2.6)-2000(Mexique)-5760(Produits Alimentaires, Boissons et )]TJ
30 -1.3125 TD
(Tabac)Tj
ET
q
212.5 330.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 344.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 335.8892 Tm
(Telekomunikasi Indonesia Persero Tbk PT)Tj
ET
q
351.5 330.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 344.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 335.8892 Tm
(2.6)Tj
ET
q
376.5 330.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 344.389 11 -14 re
f
Q
q
387.5 330.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 344.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 335.8892 Tm
(Indonsie)Tj
ET
q
457.5 330.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 344.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 335.8892 Tm
(Services de Tlcommunication)Tj
-30 -1.75 TD
[(BRAC Bank Ltd)-13152(2.6)-2000(Bangladesh)-4781(Banques)]TJ
/F5 1 Tf
0 -11.5487 TD
(Veuillez vous reporter aux notes annexes. Toutes les donnes relatives aux performances et aux participations )Tj
0 -1.25 TD
(s'entendent au 31-aot-18. Les performances passes ne garantissent aucunement les rsultats futurs, qui sont )Tj
T*
(susceptibles de varier. La valeur des investissements et les revenus qui en dcoulent seront soumis des )Tj
ET
q
0.2 i
217.5 195 350 40.5 re
W n
BT
8 0 0 8 217.5 199.5 Tm
0 Tc
()Tj
ET
Q
BT
8 0 0 8 221.3 199.5 Tm
(uctuations, la hausse comme la baisse. Il existe un risque de perte du capital.)Tj
/F2 1 Tf
4 0 0 4 217.5 192 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 189 Tm
[(V)37(euillez noter que cette estimation des cots de transaction na pas t calcule selon les mthodologies prvues par )]TJ
-0.444 -1.25 TD
(la rglementation de lUnion europenne \(MiFID II et PRIIP\). Des estimations supplmentaires, calcules selon lesdites )Tj
T*
(mthodologies, pourront vous tre transmises si la loi ou un quelconque rglement nous y oblige. Ces estimations )Tj
T*
(supplmentaires pourront tre diffrentes des cots de transaction estims inclus aux prsentes.)Tj
4 0 0 4 499.588 162 Tm
( \(2\))Tj
8 0 0 8 504.028 159 Tm
(Le montant des frais )Tj
-35.816 -1.25 TD
(courants est bas sur les frais de l'exercice prcdent. Pour plus d'informations, consultez le Document d'information cl )Tj
T*
[(pour l'investisseur)70(.)]TJ
4 0 0 4 273.164 142 Tm
( \(3\))Tj
8 0 0 8 277.604 139 Tm
[(L)90(indice MSCI EM est cot en n de mois en tenant compte du rinvestissement des revenus et, )]TJ
-7.513 -1.25 TD
(contrairement au fonds, sans dduction daucuns frais.)Tj
4 0 0 4 377.412 132 Tm
( \(4\))Tj
8 0 0 8 381.852 129 Tm
(Les moyennes du secteur Morningstar sont calcules en )Tj
-20.544 -1.25 TD
(utilisant tous les fonds de type ouvert disponibles au sein de lunivers durant la priode indique. Le nombre de fonds )Tj
T*
(inclus dans un secteur Morningstar varie au l du temps puisque de nouveaux fonds sont lancs et dautres sont ferms. )Tj
T*
[(Source: Morningstar 2018 Morningstar)70(, Inc. T)74(ous droits rservs.)]TJ
4 0 0 4 414.212 102 Tm
( \(5\))Tj
8 0 0 8 418.652 99 Tm
(La performance du fonds est prsente nette de )Tj
-25.144 -1.25 TD
(toutes charges rgulires applicables au sein du portefeuille, dividendes rinvestis sur la base de la VNI ex-dividende. )Tj
T*
[(Cette performance est fournie titre de comparaison avec un indice donn. L)90(investisseur pouvant tre soumis des )]TJ
T*
(charges, frais ou taxes supplmentaires, elle na pas pour objectif de fournir une estimation des rendements effectifs. )Tj
T*
(Les donnes de performance ne tiennent pas compte des commissions et des cots associs lmission et au rachat )Tj
T*
(dactions.)Tj
4 0 0 4 247.26 52 Tm
( \(6\))Tj
8 0 0 8 251.7 49 Tm
(Il est possible que les participations du portefeuille ne soient pas reprsentatives des investissements )Tj
-4.275 -1.25 TD
(actuels ou futurs ou de l'ensemble des titres en portefeuille. Les participations futures d'un portefeuille ne gnreront )Tj
T*
(pas forcment des rsultats satisfaisants.)Tj
ET
0 0 0 0 k
38.75 67.95 90 -36.2 re
f
0 0 0 1 k
0.2 i
83.354 58.153 m
83.331 58.153 l
82.558 54.657 l
84.171 54.657 l
h
80.092 51.62 m
82.333 59.711 l
84.564 59.711 l
86.758 51.62 l
84.978 51.62 l
84.529 53.414 l
82.221 53.414 l
81.762 51.62 l
f
88.833 53.436 m
88.822 53.177 88.833 52.931 88.911 52.752 c
89 52.574 89.168 52.484 89.482 52.484 c
89.796 52.484 90.064 52.685 90.064 53.065 c
90.064 54.264 87.287 53.995 87.287 55.799 c
87.287 57.021 88.496 57.392 89.516 57.392 c
90.592 57.392 91.566 56.875 91.477 55.654 c
89.93 55.654 l
89.93 56.047 89.887 56.283 89.773 56.383 c
89.673 56.483 89.539 56.505 89.371 56.505 c
89.024 56.505 88.833 56.283 88.833 55.901 c
88.833 55.005 91.611 55.049 91.611 53.233 c
91.611 52.246 90.805 51.51 89.492 51.51 c
88.115 51.51 87.195 51.855 87.287 53.436 c
88.833 53.436 l
f
94.087 53.436 m
94.076 53.177 94.087 52.931 94.166 52.752 c
94.254 52.574 94.425 52.484 94.737 52.484 c
95.051 52.484 95.32 52.685 95.32 53.065 c
95.32 54.264 92.54 53.995 92.54 55.799 c
92.54 57.021 93.75 57.392 94.772 57.392 c
95.846 57.392 96.821 56.875 96.733 55.654 c
95.187 55.654 l
95.187 56.047 95.142 56.283 95.026 56.383 c
94.928 56.483 94.793 56.505 94.626 56.505 c
94.277 56.505 94.087 56.283 94.087 55.901 c
94.087 55.005 96.866 55.049 96.866 53.233 c
96.866 52.246 96.059 51.51 94.748 51.51 c
93.369 51.51 92.452 51.855 92.54 53.436 c
94.087 53.436 l
f
100.777 55.084 m
100.777 55.632 100.798 56.415 100.047 56.415 c
99.32 56.415 99.331 55.564 99.331 55.084 c
h
99.331 54.197 m
99.331 53.524 99.352 52.518 100.047 52.518 c
100.607 52.518 100.719 53.055 100.719 53.524 c
102.322 53.524 l
102.3 52.909 102.099 52.405 101.718 52.058 c
101.347 51.709 100.788 51.51 100.047 51.51 c
98.008 51.51 97.74 52.752 97.74 54.523 c
97.74 56.068 97.964 57.392 100.047 57.392 c
102.175 57.392 102.412 56.013 102.355 54.197 c
99.331 54.197 l
f
103.117 57.278 m
103.757 57.278 l
103.757 58.175 l
105.336 58.881 l
105.336 57.278 l
106.154 57.278 l
106.154 56.304 l
105.336 56.304 l
105.336 53.279 l
105.336 52.851 105.324 52.574 105.84 52.574 c
105.942 52.574 106.042 52.574 106.12 52.595 c
106.12 51.62 l
105.908 51.599 105.684 51.565 105.304 51.565 c
103.935 51.565 103.757 52.47 103.757 52.819 c
103.757 56.304 l
103.117 56.304 l
103.117 57.278 l
f
80.093 40.002 m
80.093 48.092 l
82.817 48.092 l
84.083 42.59 l
84.105 42.59 l
85.449 48.092 l
88.083 48.092 l
88.083 40.002 l
86.436 40.002 l
86.436 46.242 l
86.412 46.242 l
84.856 40.002 l
83.242 40.002 l
81.763 46.242 l
81.74 46.242 l
81.74 40.002 l
f
90.704 41.761 m
90.704 41.357 90.771 40.865 91.285 40.865 c
92.217 40.865 92.071 42.118 92.071 42.735 c
91.285 42.701 90.704 42.77 90.704 41.761 c
93.618 41.054 m
93.618 40.706 93.663 40.349 93.696 40.002 c
92.227 40.002 l
92.159 40.751 l
92.137 40.751 l
91.801 40.169 91.344 39.891 90.659 39.891 c
89.561 39.891 89.157 40.706 89.157 41.693 c
89.157 43.564 90.601 43.642 92.071 43.62 c
92.071 44.057 l
92.071 44.538 92.003 44.887 91.432 44.887 c
90.884 44.887 90.838 44.472 90.838 44.023 c
89.292 44.023 l
89.292 44.707 89.504 45.144 89.874 45.401 c
90.232 45.672 90.749 45.772 91.353 45.772 c
93.359 45.772 93.618 44.91 93.618 43.877 c
93.618 41.054 l
f
96.451 45.088 m
96.474 45.088 l
96.632 45.346 96.821 45.514 97.033 45.614 c
97.26 45.727 97.516 45.772 97.807 45.772 c
98.556 45.772 99.22 45.322 99.22 44.538 c
99.22 40.002 l
97.64 40.002 l
97.64 43.9 l
97.64 44.403 97.549 44.797 97.046 44.797 c
96.541 44.797 96.451 44.403 96.451 43.9 c
96.451 40.002 l
94.871 40.002 l
94.871 45.66 l
96.451 45.66 l
96.451 45.088 l
f
101.795 41.761 m
101.795 41.357 101.862 40.865 102.379 40.865 c
103.309 40.865 103.164 42.118 103.164 42.735 c
102.379 42.701 101.795 42.77 101.795 41.761 c
104.709 41.054 m
104.709 40.706 104.754 40.349 104.789 40.002 c
103.318 40.002 l
103.253 40.751 l
103.231 40.751 l
102.896 40.169 102.436 39.891 101.753 39.891 c
100.652 39.891 100.25 40.706 100.25 41.693 c
100.25 43.564 101.695 43.642 103.164 43.62 c
103.164 44.057 l
103.164 44.538 103.097 44.887 102.525 44.887 c
101.975 44.887 101.931 44.472 101.931 44.023 c
100.386 44.023 l
100.386 44.707 100.598 45.144 100.967 45.401 c
101.326 45.672 101.841 45.772 102.446 45.772 c
104.453 45.772 104.709 44.91 104.709 43.877 c
104.709 41.054 l
f
108.061 41.054 m
108.63 41.054 108.708 41.648 108.708 42.848 c
108.708 44.091 108.653 44.797 108.072 44.797 c
107.476 44.797 107.374 44.382 107.374 42.657 c
107.374 42.129 107.296 41.054 108.061 41.054 c
110.29 45.66 m
110.29 39.765 l
110.29 39.374 110.311 37.826 108.136 37.826 c
106.959 37.826 105.953 38.131 105.919 39.509 c
107.465 39.509 l
107.465 39.274 107.499 39.072 107.599 38.938 c
107.702 38.791 107.881 38.713 108.126 38.713 c
108.519 38.713 108.708 39.082 108.708 39.655 c
108.708 40.741 l
108.687 40.741 l
108.453 40.303 108.003 40.08 107.488 40.08 c
105.751 40.08 105.83 41.67 105.83 42.949 c
105.83 44.192 105.852 45.772 107.499 45.772 c
108.061 45.772 108.54 45.525 108.765 44.997 c
108.787 44.997 l
108.787 45.66 l
110.29 45.66 l
f
114.523 43.464 m
114.523 44.012 114.546 44.797 113.795 44.797 c
113.067 44.797 113.08 43.944 113.08 43.464 c
h
113.08 42.578 m
113.08 41.904 113.101 40.898 113.795 40.898 c
114.356 40.898 114.468 41.435 114.468 41.904 c
116.071 41.904 l
116.048 41.288 115.846 40.785 115.464 40.439 c
115.095 40.091 114.535 39.891 113.795 39.891 c
111.757 39.891 111.488 41.133 111.488 42.903 c
111.488 44.45 111.713 45.772 113.795 45.772 c
115.924 45.772 116.16 44.393 116.105 42.578 c
113.08 42.578 l
f
118.85 45.088 m
118.873 45.088 l
119.186 45.593 119.612 45.772 120.205 45.772 c
120.767 45.772 121.213 45.502 121.471 45.055 c
121.842 45.546 122.29 45.772 122.938 45.772 c
123.69 45.772 124.351 45.322 124.351 44.538 c
124.351 40.002 l
122.771 40.002 l
122.771 43.9 l
122.771 44.403 122.682 44.797 122.176 44.797 c
121.674 44.797 121.584 44.403 121.584 43.9 c
121.584 40.002 l
120.039 40.002 l
120.039 43.9 l
120.039 44.403 119.948 44.797 119.444 44.797 c
118.94 44.797 118.85 44.403 118.85 43.9 c
118.85 40.002 l
117.271 40.002 l
117.271 45.66 l
118.85 45.66 l
118.85 45.088 l
f
128.441 43.464 m
128.441 44.012 128.462 44.797 127.712 44.797 c
126.983 44.797 126.994 43.944 126.994 43.464 c
h
126.994 42.578 m
126.994 41.904 127.016 40.898 127.712 40.898 c
128.272 40.898 128.384 41.435 128.384 41.904 c
129.986 41.904 l
129.965 41.288 129.762 40.785 129.381 40.439 c
129.011 40.091 128.453 39.891 127.712 39.891 c
125.673 39.891 125.405 41.133 125.405 42.903 c
125.405 44.45 125.628 45.772 127.712 45.772 c
129.84 45.772 130.076 44.393 130.02 42.578 c
126.994 42.578 l
f
132.777 45.088 m
132.798 45.088 l
132.955 45.346 133.146 45.514 133.359 45.614 c
133.582 45.727 133.842 45.772 134.131 45.772 c
134.882 45.772 135.544 45.322 135.544 44.538 c
135.544 40.002 l
133.963 40.002 l
133.963 43.9 l
133.963 44.403 133.875 44.797 133.37 44.797 c
132.867 44.797 132.777 44.403 132.777 43.9 c
132.777 40.002 l
131.197 40.002 l
131.197 45.66 l
132.777 45.66 l
132.777 45.088 l
f
136.385 45.66 m
137.024 45.66 l
137.024 46.556 l
138.602 47.262 l
138.602 45.66 l
139.421 45.66 l
139.421 44.685 l
138.602 44.685 l
138.602 41.659 l
138.602 41.233 138.591 40.954 139.108 40.954 c
139.209 40.954 139.309 40.954 139.387 40.975 c
139.387 40.002 l
139.175 39.978 138.95 39.944 138.57 39.944 c
137.203 39.944 137.024 40.852 137.024 41.2 c
137.024 44.685 l
136.385 44.685 l
136.385 45.66 l
f
q
27.594 27.518 111.827 41.827 re
W n
0.5 0.25 0 0.1 k
27.595 69.345 41.778 -41.827 re
f
Q
0 0 0 0 k
39.023 62.533 m
39.023 61.455 39.023 60.486 38.811 60.031 c
38.705 59.804 38.549 59.675 38.266 59.675 c
37.984 59.675 37.826 59.804 37.721 60.031 c
37.507 60.486 37.508 61.455 37.508 62.533 c
37.508 63.612 37.507 64.582 37.721 65.037 c
37.826 65.262 37.984 65.39 38.266 65.39 c
38.549 65.39 38.705 65.262 38.811 65.037 c
39.023 64.582 39.023 63.612 39.023 62.533 c
39.587 65.077 m
39.209 65.396 38.8 65.598 38.266 65.598 c
37.738 65.597 37.321 65.373 36.961 65.047 c
36.422 64.559 35.95 63.711 35.95 62.533 c
35.95 61.459 36.319 60.515 36.947 59.99 c
37.326 59.674 37.734 59.469 38.266 59.469 c
38.8 59.469 39.209 59.674 39.587 59.99 c
40.212 60.515 40.583 61.459 40.583 62.533 c
40.583 63.609 40.212 64.551 39.587 65.077 c
f
64.062 59.582 m
62.557 59.582 l
62.557 65.496 l
63.957 65.496 l
63.957 64.83 l
64.134 65.212 64.574 65.555 65.164 65.599 c
66.128 65.668 66.764 65.084 66.764 63.835 c
66.764 59.582 l
65.26 59.582 l
65.26 64.149 l
65.26 64.645 65.247 65.084 64.898 65.173 c
64.748 65.212 64.536 65.188 64.384 65.055 c
64.129 64.826 64.062 64.557 64.062 64.146 c
64.062 59.582 l
f
59.823 63.199 m
59.343 62.888 l
58.839 62.59 58.748 62.204 58.711 61.756 c
58.68 61.415 58.674 60.876 58.711 60.369 c
58.748 59.866 59.051 59.767 59.314 59.876 c
59.645 60.009 59.823 60.494 59.823 61.066 c
h
60.68 65.322 m
61.096 65.076 61.33 64.738 61.33 63.964 c
61.33 59.582 l
59.871 59.582 l
59.871 60.169 l
59.689 59.76 59.267 59.484 58.608 59.484 c
58.04 59.484 57.146 59.729 57.146 61.092 c
57.146 62.351 57.992 62.619 58.873 63.005 c
59.731 63.381 59.823 63.434 59.823 63.757 c
59.823 64.812 l
59.823 65.211 59.591 65.388 59.157 65.363 c
58.99 65.35 58.687 65.262 58.672 65.049 c
58.649 64.758 58.933 64.707 58.974 64.295 c
59.031 63.718 58.549 63.47 58.109 63.494 c
57.818 63.51 57.439 63.683 57.403 64.183 c
57.348 64.945 58.229 65.597 59.477 65.597 c
60.027 65.597 60.39 65.498 60.68 65.322 c
f
38.785 55.336 m
38.302 55.027 l
37.801 54.73 37.712 54.343 37.672 53.896 c
37.642 53.554 37.632 53.016 37.672 52.509 c
37.707 52.006 38.01 51.908 38.279 52.02 c
38.605 52.15 38.785 52.635 38.785 53.203 c
h
39.64 57.463 m
40.057 57.216 40.291 56.875 40.291 56.102 c
40.291 51.719 l
38.835 51.719 l
38.833 52.308 l
38.65 51.9 38.227 51.623 37.569 51.623 c
37.001 51.623 36.107 51.867 36.107 53.232 c
36.107 54.49 36.95 54.756 37.835 55.144 c
38.695 55.518 38.785 55.575 38.785 55.895 c
38.785 56.952 l
38.785 57.35 38.553 57.528 38.119 57.502 c
37.949 57.489 37.65 57.4 37.632 57.188 c
37.607 56.897 37.895 56.846 37.935 56.439 c
37.992 55.857 37.509 55.611 37.072 55.633 c
36.776 55.649 36.399 55.822 36.363 56.324 c
36.308 57.086 37.19 57.737 38.438 57.737 c
38.989 57.737 39.352 57.635 39.64 57.463 c
f
56.294 59.582 m
56.294 63.835 l
56.294 65.084 55.676 65.668 54.712 65.599 c
54.051 65.55 53.653 65.143 53.499 64.743 c
53.257 65.363 52.754 65.645 52.067 65.599 c
51.475 65.555 51.071 65.212 50.891 64.83 c
50.891 65.496 l
49.527 65.496 l
49.527 59.582 l
50.998 59.582 l
50.998 64.146 l
50.998 64.557 51.07 64.836 51.32 65.055 c
51.486 65.194 51.648 65.212 51.801 65.173 c
52.145 65.084 52.16 64.645 52.16 64.149 c
52.16 59.582 l
53.648 59.582 l
53.648 64.158 l
53.648 64.569 53.706 64.83 53.969 65.055 c
54.133 65.194 54.297 65.212 54.446 65.173 c
54.791 65.084 54.809 64.645 54.809 64.149 c
54.809 59.582 l
56.294 59.582 l
f
41.444 66.715 1.522 -7.133 re
f
46.442 65.086 m
46.753 64.629 46.776 63.513 46.776 62.663 c
46.776 61.809 46.827 60.535 46.46 60.071 c
46.316 59.886 46.225 59.811 45.993 59.811 c
45.69 59.811 45.485 60.136 45.42 60.74 c
45.361 61.262 45.345 62.014 45.345 62.703 c
45.345 63.621 45.392 64.305 45.582 64.881 c
45.653 65.09 45.802 65.315 46.018 65.315 c
46.234 65.315 46.343 65.229 46.442 65.086 c
48.249 59.582 m
48.249 66.715 l
46.745 66.715 l
46.745 65.037 l
46.591 65.35 46.296 65.57 45.844 65.57 c
44.732 65.57 43.865 64.412 43.821 62.674 c
43.793 61.507 44.193 59.52 45.71 59.52 c
46.357 59.52 46.616 59.809 46.806 60.217 c
46.806 59.582 l
48.249 59.582 l
f
54.326 57.736 m
54.326 56.038 l
54.112 56.038 l
53.965 56.734 53.631 57.502 52.881 57.526 c
52.502 57.539 52.043 57.314 52.009 56.862 c
51.974 56.422 52.131 56.071 52.908 55.621 c
53.88 55.058 54.689 54.785 54.689 53.609 c
54.689 52.23 53.622 51.718 52.508 51.718 c
50.93 51.718 l
50.93 53.781 l
51.135 53.781 l
51.433 52.543 51.747 51.951 52.654 51.951 c
53.199 51.951 53.582 52.328 53.582 52.932 c
53.582 53.485 53.207 53.856 52.383 54.345 c
51.479 54.88 50.869 55.224 50.869 56.087 c
50.869 56.98 51.543 57.737 52.738 57.737 c
53.137 57.737 54.326 57.736 y
f
49.92 51.719 m
48.417 51.719 l
48.417 56.287 l
48.417 56.785 48.402 57.223 48.06 57.312 c
47.908 57.351 47.692 57.326 47.546 57.194 c
47.289 56.965 47.222 56.697 47.222 56.285 c
47.222 51.719 l
45.717 51.719 l
45.717 53.412 l
45.496 52.623 44.818 51.614 43.679 51.614 c
42.745 51.614 41.15 52.054 41.15 54.612 c
41.15 56.99 42.721 57.727 43.552 57.737 c
44.196 57.741 44.614 57.536 44.901 57.116 c
45.131 56.78 45.16 56.211 44.849 55.863 c
44.481 55.455 43.649 55.522 43.482 56.08 c
43.332 56.584 43.643 56.887 43.847 57.127 c
43.966 57.273 43.949 57.527 43.533 57.527 c
42.982 57.527 42.842 56.893 42.784 56.397 c
42.645 55.129 42.656 53.953 42.788 53.064 c
42.876 52.455 43.045 51.888 43.826 51.878 c
44.829 51.865 45.663 53.275 45.718 54.56 c
45.718 58.855 l
47.223 58.855 l
47.223 57.151 l
47.441 57.451 47.828 57.703 48.325 57.738 c
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49.92 51.719 l
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35.059 66.838 m
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34.834 64.569 l
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33.605 59.908 33.645 60.428 33.645 60.797 c
33.645 62.067 l
33.645 62.496 33.483 62.764 33.277 62.89 c
33.106 62.996 32.844 63.006 32.693 63.015 c
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35.146 63.227 l
35.146 57.146 l
34.901 57.146 l
34.803 57.669 34.701 58.005 34.454 58.432 c
34.249 58.783 33.789 59.222 33.155 59.222 c
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31.92 57.239 32.431 57.021 33.414 56.483 c
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30.493 51.719 l
30.493 54.527 l
30.738 54.527 l
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31.121 55.772 30.466 56.13 30.496 57.322 c
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( Equity Portfolio)Tj
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(Risque de contrepartie)Tj
/F1 1 Tf
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( - il se peut qu'une partie avec laquelle le Portefeuille conclut des oprations ne remplisse pas ses obligations, ce qui pourr)Tj
49.125 0 TD
(ait entraner des )Tj
-58.9234 -1.3125 TD
(pertes.)Tj
/F6 1 Tf
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0.53 0.32 0.11 0 k
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/F5 1 Tf
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(Risque de dpositaire)Tj
/F1 1 Tf
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( - l'insolvabilit, les violations du devoir de diligence ou une faute professionnelle d'un dpositaire ou d'un sous-dpositair)Tj
48.68 0 TD
(e responsable de la )Tj
-58.065 -1.3125 TD
(garde des actifs du Portefeuille peuvent entraner une perte pour le Portefeuille.)Tj
/F6 1 Tf
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0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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(Risque li aux instruments drivs)Tj
/F1 1 Tf
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( - les instruments drivs sont trs sensibles aux uctuations de valeur des actifs sous-jacents auxquels ils sont adosss. )Tj
-14.8729 -1.3125 TD
(Certains instruments drivs peuvent entraner des pertes suprieures au montant initialement investi.)Tj
/F6 1 Tf
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0.53 0.32 0.11 0 k
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/F5 1 Tf
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(Risque des marchs mergents)Tj
/F1 1 Tf
8 0 0 8 145.144 661.3892 Tm
( - les marchs mergents sont susceptibles d'tre soumis des risques plus levs en raison d'une liquidit infrieure et d'un)Tj
50.178 0 TD
( )Tj
-63.6335 -1.3125 TD
(possible manque de structures, de protections et de stabilit adquates d'ordre nancier, juridique, social, politique et cono)Tj
49.905 0 TD
(mique, et en raison de positions scales )Tj
-49.905 -1.3125 TD
(incertaines.)Tj
/F6 1 Tf
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0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 628.3892 Tm
0 0 0 1 k
(Risque de taux de change)Tj
/F1 1 Tf
8 0 0 8 126.274 628.3892 Tm
( - l'volution des taux de change peut rduire ou augmenter les rendements qu'un investisseur peut s'attendre recevoir, )Tj
-11.0968 -1.3125 TD
(indpendamment des performances de ces actifs. Les techniques d'investissement utilises, le cas chant, pour tenter de rduir)Tj
51.848 0 TD
(e le risque des mouvements de )Tj
-51.848 -1.3125 TD
(change \(couverture\) peuvent ne pas tre efcaces. Les oprations de couverture comportent galement des risques supplmentaires)Tj
53.433 0 TD
( associs aux instruments )Tj
-53.433 -1.3125 TD
(drivs.)Tj
/F6 1 Tf
6 0 0 6 27.5 584.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 584.8892 Tm
0 0 0 1 k
(Risque de liquidit)Tj
/F1 1 Tf
8 0 0 8 102.202 584.8892 Tm
( - il se peut que le Portefeuille ne trouve pas dans tous les cas une autre partie souhaitant acheter un actif que le Portefeui)Tj
48.879 0 TD
(lle souhaite cder, ce )Tj
-56.9667 -1.3125 TD
(qui pourrait avoir un impact sur la capacit du Portefeuille rpondre aux demandes de rachat la demande.)Tj
/F6 1 Tf
6 0 0 6 27.5 562.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 562.3892 Tm
0 0 0 1 k
(Risque de march)Tj
/F1 1 Tf
8 0 0 8 99.3545 562.3892 Tm
( - la valeur des actifs du Portefeuille est habituellement tributaire d'un certain nombre de facteurs, y compris les niveaux de)Tj
49.237 0 TD
( conance du march )Tj
-56.9688 -1.3125 TD
(sur lequel ils sont ngocis.)Tj
/F6 1 Tf
6 0 0 6 27.5 539.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 539.8892 Tm
0 0 0 1 k
(Risque oprationnel)Tj
/F1 1 Tf
8 0 0 8 106.9195 539.8892 Tm
( - le Portefeuille peut subir des pertes importantes en raison d'erreurs humaines, de dfaillances des systmes et/ou des proce)Tj
50.68 0 TD
(ssus, de )Tj
-59.3574 -1.3125 TD
(procdures ou de contrles inadquats.)Tj
/F5 1 Tf
8.5 0 0 8.5 27.5 351.8892 Tm
0.53 0.32 0.11 0 k
(Glossaire)Tj
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/F6 1 Tf
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()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 322.8892 Tm
0 0 0 1 k
(Bta)Tj
/F1 1 Tf
8 0 0 8 53.5565 322.8892 Tm
( Mesure de la sensibilit des performances du fonds au rendement de l'indice de rfrence comparatif \(en termes annualiss\). )Tj
51.515 0 TD
(Plus sa valeur est proche de )Tj
-53.522 -1.3125 TD
(1,00, plus les uctuations historiques de la valeur du fonds se rapprochent de celles de l'indice de rfrence. Une valeur sup)Tj
50.068 0 TD
(rieure 1,00 indique que le fonds a )Tj
-50.068 -1.3125 TD
(uctu plus fortement que l'indice.)Tj
/F6 1 Tf
6 0 0 6 27.5 289.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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0 0 0 1 k
(Commissions)Tj
/F1 1 Tf
8 0 0 8 83.298 289.8892 Tm
( Montant total vers aux courtiers excutants dans le cadre des transactions d'achat et de vente d'investissements dans le Fo)Tj
51.098 0 TD
(nds au cours de )Tj
-56.8227 -1.3125 TD
(l'exercice cltur le 30 novembre 2016.)Tj
/F6 1 Tf
6 0 0 6 27.5 267.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 267.3892 Tm
0 0 0 1 k
(Rendements excdentaires)Tj
/F1 1 Tf
8 0 0 8 131.4675 267.3892 Tm
( L'excdent de rendement du fonds par rapport au rendement de l'indice de rfrence \(en termes annualiss\).)Tj
/F6 1 Tf
6 0 0 6 27.5 255.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 255.3892 Tm
0 0 0 1 k
(Tracking error historique)Tj
/F1 1 Tf
8 0 0 8 123.9025 255.3892 Tm
( Mesure de l'cart rel entre le rendement du fonds et celui de son indice de rfrence \(en termes annualiss\). Un chiffre pl)Tj
50.127 0 TD
(us lev )Tj
-60.9273 -1.3125 TD
(signie que le risque du fonds est suprieur celui de l'indice.)Tj
/F6 1 Tf
6 0 0 6 27.5 232.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 232.8892 Tm
0 0 0 1 k
(Volatilit historique du Portefeuille)Tj
/F1 1 Tf
8 0 0 8 158.88 232.8892 Tm
( - Illustre la dispersion des rendements mensuels raliss du fonds autour du rendement mensuel moyen en indiquant le degr )Tj
-15.1725 -1.3125 TD
(de volatilit du rendement du fonds dans le temps. Un chiffre plus lev signie une plus grande volatilit des rendements du f)Tj
50.265 0 TD
(onds.)Tj
/F6 1 Tf
6 0 0 6 27.5 210.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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0 0 0 1 k
(Valeur nette d'inventaire)Tj
/F1 1 Tf
8 0 0 8 122.738 210.3892 Tm
( Correspond l'actif net du fonds \(ex-dividende\) divis par le nombre total d'actions mises par celui-ci.)Tj
/F6 1 Tf
6 0 0 6 27.5 198.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 198.3892 Tm
0 0 0 1 k
(Frais courants)Tj
/F1 1 Tf
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( Le montant des frais courants est bas sur les frais du fonds au cours des 12 mois prcdents, sur une base glissante. Il ex)Tj
49.927 0 TD
(clut les cots de )Tj
-56.064 -1.3125 TD
(transactions et les commissions de performance encourus par le fonds.)Tj
/F6 1 Tf
6 0 0 6 27.5 175.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 175.8892 Tm
0 0 0 1 k
(Autres frais)Tj
/F1 1 Tf
8 0 0 8 77.6285 175.8892 Tm
(: Frais dduits des actifs du Fonds et encourus dans le cadre de ses oprations, y compris, le cas chant, les cots lis l')Tj
49.233 0 TD
(investissement dans d'autres )Tj
-54.249 -1.3125 TD
(fonds.)Tj
/F6 1 Tf
6 0 0 6 27.5 153.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 153.3892 Tm
0 0 0 1 k
(Autres cots)Tj
/F1 1 Tf
8 0 0 8 80.935 153.3892 Tm
(: Montant total des cots encourus par le Fonds, hors commissions, pour l'exercice cltur au 30 novembre. Ils peuvent notammen)Tj
52.068 0 TD
(t inclure les frais de )Tj
-57.4974 -1.3125 TD
(march et les taxes locales.)Tj
/F6 1 Tf
6 0 0 6 27.5 130.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 130.8892 Tm
0 0 0 1 k
(R)Tj
/F2 1 Tf
4 0 0 4 42.226 134.3892 Tm
(2)Tj
/F1 1 Tf
8 0 0 8 44.002 130.8892 Tm
( Indicateur qui reprsente le pourcentage de uctuation de la valeur d'un portefeuille dcoulant des variations du rendement )Tj
50.796 0 TD
(de l'indice de rfrence \(en termes )Tj
-51.6087 -1.3125 TD
(annualiss\). Plus cette valeur est proche de [1,00], mieux le fonds rplique le risque de l'indice de rfrence et moins il pre)Tj
48.791 0 TD
(nd de risque par rapport celui-ci.)Tj
/F6 1 Tf
6 0 0 6 27.5 108.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 108.3892 Tm
0 0 0 1 k
(Swing pricing)Tj
/F1 1 Tf
8 0 0 8 86.1455 108.3892 Tm
( Ce concept dsigne le montant total des spreads de ngociation et des autres droits et charges \(p. ex. : commissions de cour)Tj
50.821 0 TD
(tage, droit de timbre et )Tj
-56.9017 -1.3125 TD
(taxes\) susceptibles d'tre acquitts au moment de l'entre et de la sortie du Fonds. Il vise protger les investisseurs de lo)Tj
49.152 0 TD
(ng terme dj investis dans le Fonds. Le )Tj
-49.152 -1.3125 TD
(prix indiqu est valu la n de chaque trimestre et illustre uniquement le swing pricing susceptible d'tre appliqu une n)Tj
49.848 0 TD
(ouvelle souscription ou un nouveau )Tj
-49.848 -1.3125 TD
(rachat.)Tj
/F6 1 Tf
6 0 0 6 27.5 64.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 64.8892 Tm
0 0 0 1 k
(Cots de transactions)Tj
/F1 1 Tf
8 0 0 8 112.1045 64.8892 Tm
( Montant total des frais de transactions encourus par le fonds, incluant les commissions, pour l'exercice cltur au 30 novem)Tj
50.624 0 TD
(bre 2016. Il )Tj
-59.9495 -1.3125 TD
(n'intgre pas les spreads de ngociation sur les transactions.)Tj
/F6 1 Tf
6 0 0 6 27.5 42.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 42.3892 Tm
0 0 0 1 k
(Taux de rotation)Tj
/F1 1 Tf
8 0 0 8 93.6935 42.3892 Tm
( Mesure la frquence des achats et des ventes d'actifs du fonds sur la priode \(obtenue en divisant la valeur la moins leve)Tj
50.514 0 TD
( entre les achats et )Tj
-57.5382 -1.3125 TD
(les ventes du fonds par son actif net moyen\).)Tj
0.53 0.32 0.11 0 k
22.722 -2.1737 TD
(3)Tj
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(Notes annexes)Tj
8 0 0 8 27.5 761.8892 Tm
0 0 0 1 k
-0.025 Tc
(Le prsent document constitue un support de promotion nancire et a t publi par Goldman Sachs International, une socit ag)Tj
49.094 0 TD
(re par la Prudential Regulation Authority et )Tj
-49.094 -1.3125 TD
(rglemente par la Financial Conduct Authority et la Prudential Regulation Authority.)Tj
0 -1.375 TD
(En outre, ces informations ne sauraient tre interprtes comme une analyse nancire. Le prsent document n'a pas t tabli c)Tj
48.6189 0 TD
(onformment aux dispositions lgales visant une )Tj
-48.6189 -1.3125 TD
(analyse nancire indpendante et n'est soumis aucune des restrictions commerciales faisant suite la diffusion d'une telle )Tj
47.535 0 TD
(analyse.)Tj
-47.535 -1.375 TD
(Ces informations sont rserves la seule attention de leur destinataire et ne peuvent en aucun cas tre reproduites ou distri)Tj
46.924 0 TD
(bues un tiers, en tout ou en partie, sans l'accord )Tj
-46.924 -1.3125 TD
(crit pralable de GSI. Goldman Sachs International dcline toute responsabilit en cas de mauvaise utilisation ou de distribut)Tj
47.148 0 TD
(ion inapproprie du prsent document.)Tj
/F5 1 Tf
-47.148 -1.375 TD
(Documents d'offre)Tj
/F1 1 Tf
6.991 0 TD
(: Ce document vous est fourni sur demande des ns d'information uniquement et ne constitue en aucun cas une sollicitation ad)Tj
48.3979 0 TD
(resse dans une quelconque )Tj
-55.3889 -1.3125 TD
(juridiction dans laquelle une telle sollicitation serait interdite ou une personne laquelle il serait illgal d'adresser un)Tj
44.228 0 TD
(e telle sollicitation. Le prsent document contient uniquement )Tj
-44.228 -1.3125 TD
(des informations spciques au fonds concern et ne constitue en aucun cas une offre en vue d'acheter des actions dudit fonds. )Tj
48.565 0 TD
(Avant tout investissement, les investisseurs )Tj
-48.565 -1.3125 TD
(potentiels sont invits lire attentivement le dernier document d'information cl pour l'investisseur \(DICI\) ainsi que les doc)Tj
45.758 0 TD
(uments d'offre, et notamment le prospectus du fonds qui )Tj
-45.758 -1.3125 TD
(contient, entre autres, une description complte des risques applicables. Les statuts, le prospectus, le supplment, le DICI et)Tj
46.535 0 TD
( le dernier rapport annuel/semestriel sont disponibles )Tj
-46.535 -1.3125 TD
(gratuitement auprs de l'agent payeur et d'information du fonds et/ou de votre conseiller nancier ainsi qu' l'adresse www.gsa)Tj
48.091 0 TD
(m.com/kiids.)Tj
/F5 1 Tf
-48.091 -1.375 TD
(Commercialisation des actions)Tj
/F1 1 Tf
11.83 0 TD
(: Il est possible que les actions du fonds ne soient pas enregistres pour commercialisation dans certaines juridictions \(nota)Tj
46.5329 0 TD
(mment les pays )Tj
-58.3629 -1.3125 TD
(d'Amrique latine, d'Afrique et d'Asie\). Par consquent, les actions du fonds ne peuvent ni tre commercialises dans ces jurid)Tj
47.618 0 TD
(ictions, ni tre offertes des investisseurs y rsidant, )Tj
-47.618 -1.3125 TD
( moins qu'un organisme de placement collectif ne bncie de drogations pour le placement priv ou que les rgles et rglemen)Tj
49.063 0 TD
(tations en vigueur dans ces juridictions ne le )Tj
-49.063 -1.3125 TD
(permettent.)Tj
/F5 1 Tf
0 -1.375 TD
(Conseil en investissement et pertes potentielles)Tj
/F1 1 Tf
18.44 0 TD
(: Les conseillers nanciers recommandent gnralement d'investir dans un portefeuille diversi. Le fonds dcrit dans le prsen)Tj
48.0039 0 TD
(t )Tj
-66.4439 -1.3125 TD
(document ne constitue pas un investissement diversi en lui-mme. Ce document ne doit en aucun cas tre assimil des conseil)Tj
49.2559 0 TD
(s en investissement ou scaux. Les )Tj
-49.2559 -1.3125 TD
(investisseurs potentiels sont invits consulter leur conseiller nancier et scal avant d'investir, pour s'assurer qu'un plac)Tj
45.892 0 TD
(ement est appropri au vu de leur situation.)Tj
/F5 1 Tf
-45.892 -1.375 TD
(Nous recommandons aux investisseurs de n'investir que s'ils disposent des ressources nancires ncessaires pour faire face u)Tj
49.701 0 TD
(ne perte intgrale de leur investissement.)Tj
-49.701 -1.375 TD
(Swing Pricing)Tj
/F1 1 Tf
5.454 0 TD
(: Il est prcis que le fonds applique une politique dite de swing pricing. Les investisseurs voudront bien noter que cell)Tj
45.4759 0 TD
(e-ci implique que le fonds puisse de temps )Tj
-50.9299 -1.3125 TD
( autre enregistrer des performances diffrentes de celles de l'indice de rfrence, uniquement en raison de l'impact du swing )Tj
47.757 0 TD
(pricing, et non de l'volution des prix des )Tj
-47.757 -1.3125 TD
(instruments sous-jacents.)Tj
0 -1.375 TD
(Les commissions sont gnralement factures et payables la n de chaque trimestre, et se fondent sur des valeurs de march mo)Tj
49.366 0 TD
(yennes enregistres la n de chaque mois du )Tj
ET
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27.5 501.389 540 21.5 re
W n
BT
8 0 0 8 27.5 505.8893 Tm
0 Tc
(t)Tj
ET
Q
BT
8 0 0 8 29.524 505.8893 Tm
(rimestre concern.)Tj
-0.253 -1.375 TD
(Vous trouverez de plus amples informations dans la Partie 2 de notre formulaire ADV, qui peut tre obtenu l'adresse http://ww)Tj
47.675 0 TD
(w.adviserinfo.sec.gov/IAPD/Content/Search/)Tj
-47.675 -1.3125 TD
(iapd_Search.aspx.)Tj
/F5 1 Tf
0 -1.375 TD
(Les statuts, le prospectus, le supplment, le document d'information cl pour l'investisseur \(DICI\) et le dernier rapport annue)Tj
47.152 0 TD
(l/semestriel \(selon le cas\) sont disponibles )Tj
-47.152 -1.3125 TD
(gratuitement auprs des agents payeurs et d'information du fonds recenss ci-aprs:)Tj
0 -1.375 TD
(Autriche)Tj
/F1 1 Tf
3.3 0 TD
(: Raiffeisen Bank International AG, Am Stadtpark 9, A-1030 Vienne, Autriche.)Tj
/F5 1 Tf
-3.3 -1.375 TD
(Belgique)Tj
/F1 1 Tf
3.467 0 TD
(: RBC Investor Services, Place Rogier II, 1210 Bruxelles, Belgique.)Tj
/F5 1 Tf
-3.467 -1.375 TD
(Danemark)Tj
/F1 1 Tf
3.966 0 TD
(: Stockrate Asset Management, Mollevej 9 E2, DK-2990 Niva, Danemark.)Tj
/F5 1 Tf
-3.966 -1.375 TD
(France)Tj
/F1 1 Tf
2.627 0 TD
(: RBC Investor Services Bank France, 105, rue Raumur, 75002 Paris, France.)Tj
/F5 1 Tf
-2.627 -1.375 TD
(Allemagne)Tj
/F1 1 Tf
4.164 0 TD
(: State Street Bank GmbH, Brienner Strasse 59, 80333 Munich, Allemagne.)Tj
/F5 1 Tf
-4.164 -1.375 TD
(Grce)Tj
/F1 1 Tf
2.319 0 TD
(: Piraeus Bank S.A., 4 Amerikis Street, 10564 Athnes, Grce.)Tj
/F5 1 Tf
-2.319 -1.375 TD
(Irlande)Tj
/F1 1 Tf
2.714 0 TD
(: RBC Investor Services Ireland Limited, George's Quay House, 43 Townsend Street, Dublin 2, Irlande.)Tj
/F5 1 Tf
-2.714 -1.375 TD
(Italie)Tj
/F1 1 Tf
1.962 0 TD
(: Socit Gnrale Securities Services, Maciachini Center MAC 2, Via Benigno Crespi, 19/A, 20159 Milan, Italie; AllFunds Ba)Tj
47.1989 0 TD
(nk S.A. Filiale di Milano, Via Santa Margherita 7, )Tj
-49.1609 -1.3125 TD
(20121 Milan, Italie; RBC Investor Services Bank Milan - Milan Branch, Cia Vittor Pisani, 26, 20154 Milan, Italie; State Stree)Tj
45.476 0 TD
(t Bank S.pA., Via Col Moschin, 16, 20136 Milan, Italie; BNP )Tj
-45.476 -1.3125 TD
(Paribas Securities Services Succursale di Milano, Via Ansperto 5, 20121 Milan, Italie; Banca Sella, Piazza Gaudenzio Sella 1)Tj
47.034 0 TD
(, 13900 Biella Bl., Italie.)Tj
/F5 1 Tf
-47.034 -1.375 TD
(Luxembourg)Tj
/F1 1 Tf
4.749 0 TD
(: State Street Bank Luxembourg S.A., 49, avenue J.F. Kennedy, L-1855 Luxembourg.)Tj
/F5 1 Tf
-4.749 -1.375 TD
(Sude)Tj
/F1 1 Tf
2.431 0 TD
(: Skandinaviska Enskilda Banken AB, via son entit Global Transaction Services, SEB Merchant Banking, Sergels Torg 2, ST MH1, )Tj
48.8649 0 TD
(SE-106 40 Stockholm, Sude.)Tj
/F5 1 Tf
-51.2959 -1.375 TD
(Suisse)Tj
/F1 1 Tf
2.572 0 TD
(: Le Reprsentant du fonds en Suisse est First Independent Fund Services Ltd, Klausstrasse 33, 8008 Zurich. L'Agent payeur du )Tj
47.504 0 TD
(fonds en Suisse est Goldman Sachs Bank AG, )Tj
-50.076 -1.3125 TD
(Claridenstrasse 25, 8022 Zurich. Le Document d'information cl pour l'investisseur \(DICI\) et les rapports annuels et semestriel)Tj
46.754 0 TD
(s du fonds peuvent tre obtenus gratuitement auprs )Tj
-46.754 -1.3125 TD
(du Reprsentant en Suisse ou de Goldman Sachs Bank AG Zurich.)Tj
0 -1.375 TD
(Veuillez galement noter ce qui suit:)Tj
/F5 1 Tf
T*
(Australie)Tj
/F1 1 Tf
3.497 0 TD
(: Le prsent document est distribu en Australie et en Nouvelle-Zlande par Goldman Sachs Asset Management Australia Pty Ltd A)Tj
49.4239 0 TD
(BN 41 006 099 681, AFSL 228948 )Tj
-52.9209 -1.3125 TD
(\(GSAMA\) et est rserv la seule attention des clients de gros \(wholesale clients\) en Australie aux ns de la section 761G)Tj
46.921 0 TD
( de la Corporations Act \(Cth\) \(Loi sur les socits\) de )Tj
-46.921 -1.3125 TD
(2001 ainsi qu'aux clients qui relvent d'une ou de toutes les catgories d'investisseurs exposes la section 3\(2\) ou la sou)Tj
46.336 0 TD
(s-section 5\(2CC\) de la Securities Act \(Loi sur les valeurs )Tj
-46.336 -1.3125 TD
(mobilires\) de 1978 \(Nouvelle-Zlande\).)Tj
/F5 1 Tf
0 -1.375 TD
(Hong Kong)Tj
/F1 1 Tf
4.164 0 TD
(: Ce document a t publi et approuv pour utilisation Hong Kong ou depuis Hong Kong par Goldman Sachs Asset Management \(Ho)Tj
50.5939 0 TD
(ng Kong\) Limited.)Tj
/F5 1 Tf
-54.7579 -1.375 TD
(Pays-Bas)Tj
/F1 1 Tf
3.632 0 TD
(: Le fonds est repris dans le registre de la Stichting Autoriteit Financile Markten.)Tj
/F5 1 Tf
-3.632 -1.375 TD
(Singapour)Tj
/F1 1 Tf
3.942 0 TD
(: Le prsent document a t mis ou approuv pour distribution ou partir de Singapour par Goldman Sachs Asset Management \()Tj
49.4799 0 TD
(Singapore\) Pte. Ltd. \(n de socit: )Tj
-53.4219 -1.3125 TD
(201329851H\).)Tj
/F5 1 Tf
0 -1.375 TD
(Espagne)Tj
/F1 1 Tf
3.269 0 TD
( : Le fonds est enregistr en tant qu'OPCVM tranger au registre de la Comisin Nacional del Mercado de Valores \(CNMV\), sou)Tj
48.7869 0 TD
(s les numros 141 \(SICAV\), 913 \(SICAV II\) )Tj
-52.0559 -1.3125 TD
(et 305 \(PLC\). Des informations exhaustives sur le fonds ainsi que les DICI et autres documents rglementaires sont disponibles )Tj
47.422 0 TD
(gratuitement auprs de tous les distributeurs agrs )Tj
-47.422 -1.3125 TD
(du fonds recenss sur le site Internet de la CNMV ladresse www.cnmv.es.)Tj
0 -16 TD
(2018 Goldman Sachs. Tous droits rservs.)Tj
0 -1.375 TD
(Registered and Principal Ofces:)Tj
/F5 1 Tf
12.309 0 TD
( Luxembourg domiciled Funds Registered Ofce:)Tj
/F1 1 Tf
18.428 0 TD
( c/o State Street Bank Luxembourg S.A., 49, Avenue J-F Kennedy L-1855, Luxembourg)Tj
0.53 0.32 0.11 0 k
-6.765 -2.1737 TD
0 Tc
(4)Tj
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