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(0.97)Tj
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(0.93)Tj
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(0.00)Tj
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[(Performance Fee Rate \(%\))-9790(N/)]TJ
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(A)Tj
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(\(2\))Tj
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(0.51)Tj
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299.573 552.889 m
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333.041 687.889 l
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366.509 552.889 m
366.509 687.889 l
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400.069 552.889 m
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400.069 552.889 m
400.069 687.889 l
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433.537 552.889 m
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433.537 552.889 m
433.537 687.889 l
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467.005 552.889 m
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467.005 552.889 m
467.005 687.889 l
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500.472 552.889 m
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500.472 552.889 m
500.472 687.889 l
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534.032 552.889 m
534.032 549.889 l
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534.032 552.889 m
534.032 687.889 l
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567.5 552.889 m
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567.5 552.889 m
567.5 687.889 l
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232.5 552.889 m
567.5 552.889 l
232.5 552.889 m
229.5 552.889 l
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7 0 0 7 221.284 551.8892 Tm
(80)Tj
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232.5 566.389 m
567.5 566.389 l
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(90)Tj
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232.5 579.889 m
229.5 579.889 l
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232.5 593.389 m
567.5 593.389 l
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232.5 606.889 m
229.5 606.889 l
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232.5 606.889 m
567.5 606.889 l
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7 0 0 7 218.176 605.8892 Tm
(120)Tj
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232.5 620.389 m
229.5 620.389 l
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232.5 620.389 m
567.5 620.389 l
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7 0 0 7 218.176 619.3892 Tm
(130)Tj
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232.5 633.889 m
229.5 633.889 l
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232.5 633.889 m
567.5 633.889 l
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(140)Tj
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232.5 647.389 m
229.5 647.389 l
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232.5 647.389 m
567.5 647.389 l
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BT
7 0 0 7 218.176 646.3892 Tm
(150)Tj
ET
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232.5 660.889 m
229.5 660.889 l
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232.5 660.889 m
567.5 660.889 l
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7 0 0 7 218.176 659.8892 Tm
(160)Tj
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232.5 674.389 m
229.5 674.389 l
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232.5 674.389 m
567.5 674.389 l
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BT
7 0 0 7 218.176 673.3893 Tm
(170)Tj
ET
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232.5 687.889 m
229.5 687.889 l
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BT
7 0 0 7 218.176 686.8893 Tm
(180)Tj
ET
232.5 552.889 m
232.5 687.889 l
S
0 0 0 0.5 K
1.5 w
547.828 630.325 m
544.989 630.919 l
542.422 629.461 l
539.58 631.176 l
536.737 630.082 l
533.986 631.972 l
531.14 633.741 l
528.389 633.849 l
525.547 633.498 l
522.704 631.77 l
519.953 630.177 l
517.111 629.245 l
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508.862 627.639 l
506.02 626.869 l
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500.427 627.828 l
497.58 625.803 l
494.83 625.978 l
491.987 627.477 l
489.145 625.087 l
486.394 628.597 l
483.551 630.285 l
480.801 631.635 l
477.962 630.636 l
475.394 629.029 l
472.552 626.262 l
469.71 625.492 l
466.959 624.156 l
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461.362 623.818 l
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455.677 621.078 l
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450.083 618.486 l
447.333 617.338 l
444.494 616.38 l
441.927 615.219 l
439.084 613.045 l
436.242 613.72 l
433.491 613.221 l
430.645 611.452 l
427.894 610.494 l
425.051 611.034 l
422.209 610.062 l
419.458 612.586 l
416.616 613.545 l
413.869 610.993 l
411.026 610.264 l
408.459 609.387 l
405.616 610.386 l
402.774 609.279 l
400.023 607.753 l
397.177 606.633 l
394.426 605.485 l
391.583 604.27 l
388.741 601.732 l
385.99 602.38 l
383.148 601.557 l
380.397 601.53 l
377.558 601.003 l
374.899 598.965 l
372.057 596.346 l
369.214 592.714 l
366.463 595.819 l
363.617 595.927 l
360.866 596.44 l
358.024 595.522 l
355.181 594.901 l
352.43 595.468 l
349.588 594.186 l
346.837 593.619 l
343.999 594.226 l
341.431 593.686 l
338.589 594.199 l
335.746 594.658 l
332.992 596.71 l
330.149 597.142 l
327.398 597.912 l
324.556 595.414 l
321.713 594.51 l
318.963 594.712 l
316.12 594.024 l
313.369 594.145 l
310.531 592.917 l
307.963 591.945 l
305.121 590.743 l
302.278 590.932 l
299.528 590.163 l
296.681 589.65 l
293.93 588.354 l
291.088 587.125 l
288.245 584.466 l
285.495 582.697 l
282.652 582.049 l
279.901 580.402 l
277.063 580.308 l
274.495 580.51 l
271.653 581.037 l
268.81 580.551 l
266.06 578.688 l
263.213 579.565 l
260.463 580.929 l
257.62 579.592 l
254.778 578.418 l
252.027 579.741 l
249.184 580.753 l
246.434 580.915 l
243.595 582.387 l
240.936 582.198 l
238.093 580.281 l
235.251 580.956 l
232.5 579.889 l
S
1 0.84 0.31 0.17 K
[4 2 ]0 d
547.828 656.178 m
544.989 657.217 l
542.422 655.017 l
539.58 658.149 l
536.737 657.001 l
533.986 659.917 l
531.14 663.441 l
528.389 663.13 l
525.547 663.387 l
522.704 661.335 l
519.953 657.609 l
517.111 655.881 l
514.36 657.366 l
511.521 656.218 l
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506.02 651.304 l
503.177 653.194 l
500.427 652.195 l
497.58 650.184 l
494.83 648.699 l
491.987 650.44 l
489.145 646.768 l
486.394 651.304 l
483.551 653.694 l
480.801 655.935 l
477.962 654.099 l
475.394 652.803 l
472.552 649.252 l
469.71 647.578 l
466.959 645.486 l
464.112 644.851 l
461.362 644.554 l
458.519 641.368 l
455.677 639.937 l
452.926 638.155 l
450.083 636.306 l
447.333 634.699 l
444.494 633.322 l
441.927 632.229 l
439.084 628.827 l
436.242 629.853 l
433.491 629.259 l
430.645 626.977 l
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425.051 626.437 l
422.209 625.155 l
419.458 627.909 l
416.616 629.623 l
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411.026 624.777 l
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405.616 624.925 l
402.774 623.481 l
400.023 621.375 l
397.177 619.984 l
394.426 618.256 l
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388.741 613.774 l
385.99 614.989 l
383.148 613.288 l
380.397 613.288 l
377.558 612.667 l
374.899 610.008 l
372.057 606.795 l
369.214 601.854 l
366.463 605.58 l
363.617 606.808 l
360.866 606.201 l
358.024 603.433 l
355.181 602.542 l
352.43 603.055 l
349.588 601.543 l
346.837 600.45 l
343.999 601.287 l
341.431 600.909 l
338.589 601.719 l
335.746 602.421 l
332.992 605.593 l
330.149 606.214 l
327.398 607.834 l
324.556 603.987 l
321.713 602.758 l
318.963 603.393 l
316.12 601.975 l
313.369 602.313 l
310.531 601.219 l
307.963 599.694 l
305.121 598.371 l
302.278 599.262 l
299.528 598.168 l
296.681 597.763 l
293.93 596.413 l
291.088 595.293 l
288.245 592.269 l
285.495 590.379 l
282.652 590.716 l
279.901 589.42 l
277.063 588.313 l
274.495 587.692 l
271.653 588.408 l
268.81 586.936 l
266.06 582.697 l
263.213 582.09 l
260.463 582.751 l
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254.778 578.998 l
252.027 580.456 l
249.184 581.955 l
246.434 582.495 l
243.595 583.575 l
240.936 583.008 l
238.093 579.997 l
235.251 580.47 l
232.5 579.889 l
S
0 0.97 1 0.5 K
[]0 d
547.828 653.464 m
544.989 655.084 l
542.422 652.519 l
539.58 655.894 l
536.737 654.409 l
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402.774 621.199 l
400.023 619.174 l
397.177 617.824 l
394.426 615.664 l
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380.397 609.724 l
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360.866 602.164 l
358.024 600.679 l
355.181 599.599 l
352.43 600.679 l
349.588 598.924 l
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343.999 599.734 l
341.431 598.519 l
338.589 599.869 l
335.746 601.084 l
332.992 603.244 l
330.149 604.054 l
327.398 605.674 l
324.556 602.299 l
321.713 602.434 l
318.963 602.164 l
316.12 601.759 l
313.369 600.814 l
310.531 599.329 l
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305.121 595.684 l
302.278 595.954 l
299.528 595.009 l
296.681 593.794 l
293.93 592.579 l
291.088 591.229 l
288.245 587.719 l
285.495 584.614 l
282.652 582.859 l
279.901 580.834 l
277.063 579.889 l
274.495 580.024 l
268.81 579.214 l
266.06 576.244 l
263.213 577.459 l
260.463 579.484 l
257.62 577.594 l
254.778 575.569 l
252.027 578.404 l
249.184 580.429 l
246.434 580.969 l
243.595 585.019 l
240.936 583.939 l
238.093 580.564 l
235.251 581.104 l
232.5 579.889 l
S
q
226.5 497.389 8 35.5 re
W n
3 w
226.5 532.889 m
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 Euro Fixed )Tj
0 -1.25 TD
(Income Portfolio Class I Shares )Tj
T*
(\(Acc.\))Tj
/F2 1 Tf
4 0 0 4 255.412 509.9892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
337.5 497.389 4 35.5 re
W n
1 0.84 0.31 0.17 K
3 w
337.5 532.889 m
341.5 532.889 l
S
Q
q
343.5 497.389 4 35.5 re
W n
1 0.84 0.31 0.17 K
3 w
343.5 532.889 m
347.5 532.889 l
S
Q
BT
/F1 1 Tf
8 0 0 8 350.5 526.8892 Tm
-0.025 Tc
(Bloomberg Barclays Euro )Tj
T*
(Aggregate Bond Index)Tj
/F2 1 Tf
4 0 0 4 418.492 519.9892 Tm
-0.05 Tc
(\(3\))Tj
ET
q
450.5 497.389 8 35.5 re
W n
0 0 0 0.5 K
3 w
450.5 532.889 m
458.5 532.889 l
S
Q
BT
/F1 1 Tf
8 0 0 8 461.5 526.8892 Tm
-0.025 Tc
(Morningstar EUR Diversied )Tj
T*
(Bond)Tj
/F2 1 Tf
4 0 0 4 477.588 519.9892 Tm
-0.05 Tc
(\(1\))Tj
8 0 0 8 212.5 491.3893 Tm
0 Tc
(This is an actively managed fund that is not designed to track its reference benchmark. Therefore the performance of the )Tj
T*
(fund and the performance of its reference benchmark may diverge. In addition stated reference benchmark returns do not )Tj
T*
(reect any management or other charges to the fund, whereas stated returns of the fund do.)Tj
/F5 1 Tf
33.316 0 TD
( Past performance does not )Tj
-33.316 -1.25 TD
[(guarantee future results, which may vary)37(. The value of investments and the income derived from investments )]TJ
T*
[(will uctuate and can go down as well as up. A loss of capital may occur)70(.)]TJ
ET
q
212.5 422.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 438.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 427.8893 Tm
0 0 0 0 k
[(P)30(erformance Summary \(%\))]TJ
/F5 1 Tf
8 0 0 8 398.052 410.8892 Tm
0 0 0 1 k
-0.025 Tc
[(Cumulative)-7514(Annualised)]TJ
/F2 1 Tf
-6.419 -1.625 TD
[(Since Launch)-1709(1 Mth)-1345(3 Mths)-2325(YTD)-2406(1 Y)]TJ
ET
q
0.2 i
477.5 393.389 25 11 re
W n
BT
8 0 0 8 500.476 397.8893 Tm
0 Tc
(r)Tj
ET
Q
BT
8 0 0 8 518.836 397.8893 Tm
[(3 Yrs)-2042(5 Yrs)]TJ
ET
q
212.5 380.389 130 13 re
W n
0.132 0.08 0.028 0 k
212.5 393.389 130 -13 re
f
Q
BT
8 0 0 8 217.5 384.8892 Tm
(Class I Shares \(Acc.\))Tj
4 0 0 4 271.948 388.3892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
342.5 380.389 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 393.389 45 -13 re
f
Q
BT
8 0 0 8 367.516 384.8892 Tm
-0.025 Tc
(54.50)Tj
ET
q
387.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 397.716 384.8892 Tm
(\(0.77\))Tj
ET
q
417.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
417.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 427.716 384.8892 Tm
(\(1.15\))Tj
ET
q
447.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
447.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 457.716 384.8892 Tm
(\(1.15\))Tj
ET
q
477.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
477.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 487.716 384.8892 Tm
(\(0.52\))Tj
ET
q
507.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
507.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 520.868 384.8892 Tm
(3.17)Tj
ET
q
537.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
537.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 550.868 384.8892 Tm
(4.82)Tj
-41.671 -1.625 TD
(Bloomberg Barclays Euro Aggregate Bond )Tj
0 -1.3125 TD
(Index)Tj
4 0 0 4 232.044 364.8892 Tm
-0.05 Tc
(\(3\))Tj
8 0 0 8 367.516 371.8892 Tm
-0.025 Tc
[(56.51)-1902(\(0.49\))-1902(\(0.93\))-1902(\(0.93\))-1902(\(0.56\))-2296(3.6)]TJ
ET
q
0.2 i
507.5 367.389 25 11 re
W n
BT
8 0 0 8 529.148 371.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 550.868 371.8892 Tm
(4.6)Tj
ET
q
0.2 i
537.5 367.389 25 11 re
W n
BT
8 0 0 8 559.1479 371.8892 Tm
0 Tc
(4)Tj
ET
Q
0.132 0.08 0.028 0 k
212.5 356.889 130 -13 re
f
BT
8 0 0 8 217.5 348.3892 Tm
0 0 0 1 k
(Morningstar EUR Diversied Bond)Tj
4 0 0 4 309.484 351.8892 Tm
-0.05 Tc
(\(1\))Tj
ET
q
342.5 343.889 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 356.889 45 -13 re
f
Q
q
387.5 343.889 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 356.889 30 -13 re
f
Q
BT
8 0 0 8 397.716 348.3892 Tm
-0.025 Tc
(\(0.32\))Tj
ET
0.132 0.08 0.028 0 k
417.5 356.889 30 -13 re
f
BT
8 0 0 8 427.716 348.3892 Tm
0 0 0 1 k
(\(0.45\))Tj
ET
0.132 0.08 0.028 0 k
447.5 356.889 30 -13 re
f
BT
8 0 0 8 457.716 348.3892 Tm
0 0 0 1 k
(\(0.45\))Tj
ET
0.132 0.08 0.028 0 k
477.5 356.889 30 -13 re
f
BT
8 0 0 8 490.868 348.3892 Tm
0 0 0 1 k
(0.43)Tj
ET
0.132 0.08 0.028 0 k
507.5 356.889 30 -13 re
f
BT
8 0 0 8 520.868 348.3892 Tm
0 0 0 1 k
(2.47)Tj
ET
0.132 0.08 0.028 0 k
537.5 356.889 30 -13 re
f
BT
8 0 0 8 550.868 348.3892 Tm
0 0 0 1 k
(3.57)Tj
-41.671 -1.625 TD
(Quartile Position in Sector)Tj
4 0 0 4 287.62 338.8892 Tm
-0.05 Tc
(\(1\))Tj
ET
q
0.2 i
387.5 330.889 25 11 re
W n
BT
8 0 0 8 409.148 335.3892 Tm
0 Tc
(4)Tj
ET
Q
q
0.2 i
417.5 330.889 25 11 re
W n
BT
8 0 0 8 439.148 335.3892 Tm
0 Tc
(4)Tj
ET
Q
q
0.2 i
447.5 330.889 25 11 re
W n
BT
8 0 0 8 469.148 335.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 499.148 335.3892 Tm
3.306 Tc
(321)Tj
ET
q
212.5 308.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 324.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 313.8892 Tm
0 0 0 0 k
0 Tc
[(Calendar )180(Y)95(ear P)30(erformance \(%\))]TJ
/F2 1 Tf
8 0 0 8 449.092 299.8892 Tm
0 0 0 1 k
-0.025 Tc
[(2012)-1449(2013)-1449(201)]TJ
ET
q
0.2 i
492.5 295.389 20 11 re
W n
BT
8 0 0 8 509.148 299.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 524.092 299.8892 Tm
[(2015)-1449(2016)]TJ
ET
0.132 0.08 0.028 0 k
212.5 295.389 230 -13 re
f
BT
8 0 0 8 217.5 286.8892 Tm
0 0 0 1 k
(Class I Shares \(Acc.\))Tj
ET
q
442.5 282.389 25 13 re
W n
0.132 0.08 0.028 0 k
442.5 295.389 25 -13 re
f
Q
BT
8 0 0 8 450.868 286.8892 Tm
(12.9)Tj
ET
0.132 0.08 0.028 0 k
467.5 295.389 25 -13 re
f
BT
8 0 0 8 479.22 286.8892 Tm
0 0 0 1 k
(3.5)Tj
ET
q
492.5 282.389 25 13 re
W n
0.132 0.08 0.028 0 k
492.5 295.389 25 -13 re
f
Q
BT
8 0 0 8 504.22 286.8892 Tm
(9.2)Tj
ET
0.132 0.08 0.028 0 k
517.5 295.389 25 -13 re
f
BT
8 0 0 8 529.22 286.8892 Tm
0 0 0 1 k
(1.3)Tj
ET
q
542.5 282.389 25 13 re
W n
0.132 0.08 0.028 0 k
542.5 295.389 25 -13 re
f
Q
BT
8 0 0 8 554.22 286.8892 Tm
(3.5)Tj
-42.09 -1.625 TD
[(Bloomberg Barclays Euro Aggregate Bond Index)-13058(11.2)-2090(2.2)-1671(11.1)-2090(1.0)-2090(3.3)]TJ
/F5 1 Tf
0 -18.0487 TD
(Please see Additional Notes. All performance and holdings data as at 31-Mar-17.)Tj
/F2 1 Tf
0 -1.3125 TD
0 Tc
[(* W)18(e)0( identify two broad categories of funds to help investors think about how to construct their overall investment )]TJ
0 -1.25 TD
[(portfolio. W)18(e)0( describe the following as)]TJ
/F5 1 Tf
14.085 0 TD
( Core)Tj
/F2 1 Tf
2.999 0 TD
(: \(A\) Equity funds with a global investment remit or those mainly focused )Tj
-17.084 -1.25 TD
(on US and European markets, given the size and transparency of these markets. \(B\) Fixed income funds with a global )Tj
T*
(investment remit or those mainly focused on US, European and UK markets and invest predominantly in investment )Tj
T*
(grade debt, including government. \(C\) Multi asset funds with a multi asset benchmark. All other funds we describe as)Tj
/F5 1 Tf
42.368 0 TD
( )Tj
-42.368 -1.25 TD
(Complements)Tj
/F2 1 Tf
6.388 0 TD
(. Both Core and Complement funds can vary in risk level and those terms are not meant to indicate the )Tj
-6.388 -1.25 TD
(risk level of the funds.)Tj
T*
(For regionally focussed investment portfolios we understand that the categorisation may be different from the )Tj
T*
(perspective of different investors.)Tj
/F5 1 Tf
12.162 0 TD
( Consult your nancial adviser before investing to help determine if an )Tj
-12.162 -1.25 TD
(investment in this fund and the amount of the investment would be suitable)Tj
/F2 1 Tf
30.276 0 TD
(.)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
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(Net Asset Value \(NAV\) - Class I Shares )Tj
0 -1.3125 TD
(\(Acc.\))Tj
14.2 1.3125 TD
[(EUR)-2502(15.45)]TJ
ET
q
0.6 i
27.5 661.389 115 13 re
W n
0.132 0.08 0.028 0 k
27.5 674.389 115 -13 re
f
Q
BT
8 0 0 8 32.5 665.8892 Tm
(Total Net Assets \(m\))Tj
ET
q
0.6 i
142.5 661.389 20 13 re
W n
0.132 0.08 0.028 0 k
142.5 674.389 20 -13 re
f
Q
BT
8 0 0 8 146.1 665.8892 Tm
(EUR)Tj
ET
q
0.6 i
162.5 661.389 35 13 re
W n
0.132 0.08 0.028 0 k
162.5 674.389 35 -13 re
f
Q
BT
8 0 0 8 185.796 665.8892 Tm
(10)Tj
-19.162 -1.625 TD
[(Current Duration of Portfolio \(years\))-6643(0.02)]TJ
ET
0.132 0.08 0.028 0 k
27.5 648.389 115 -23.5 re
f
BT
8 0 0 8 32.5 639.8892 Tm
0 0 0 1 k
(Current Duration of Reference )Tj
0 -1.3125 TD
(Benchmark \(years\))Tj
ET
0.132 0.08 0.028 0 k
142.5 648.389 20 -23.5 re
f
162.5 648.389 35 -23.5 re
f
BT
8 0 0 8 180.868 639.8892 Tm
0 0 0 1 k
(6.50)Tj
-18.546 -2.9375 TD
[(Yield To Maturity of Portfolio \(%\))-7204(-0.25)]TJ
ET
q
0.6 i
27.5 598.889 115 13 re
W n
0.132 0.08 0.028 0 k
27.5 611.889 115 -13 re
f
Q
BT
8 0 0 8 32.5 603.3893 Tm
(Yield To Worst of Portfolio \(%\))Tj
ET
q
0.6 i
142.5 598.889 20 13 re
W n
0.132 0.08 0.028 0 k
142.5 611.889 20 -13 re
f
Q
q
0.6 i
162.5 598.889 35 13 re
W n
0.132 0.08 0.028 0 k
162.5 611.889 35 -13 re
f
Q
BT
8 0 0 8 178.844 603.3893 Tm
(-0.25)Tj
ET
q
0.6 i
27.5 576.389 170 16.5 re
W n
1 0.84 0.31 0.17 k
27.5 592.889 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 31.5 581.8892 Tm
0 0 0 0 k
0 Tc
[(F)20(und Characteristics)]TJ
/F2 1 Tf
8 0 0 8 32.5 567.8892 Tm
0 0 0 1 k
-0.025 Tc
[(Currency - Class I Shares \(Acc.\))-8156(EUR)]TJ
ET
q
0.6 i
27.5 550.389 120 13 re
W n
0.132 0.08 0.028 0 k
27.5 563.389 120 -13 re
f
Q
BT
8 0 0 8 32.5 554.8892 Tm
(Inception Date - Class I Shares \(Acc.\))Tj
ET
q
0.6 i
147.5 550.389 50 13 re
W n
0.132 0.08 0.028 0 k
147.5 563.389 50 -13 re
f
Q
BT
8 0 0 8 165.86 554.8892 Tm
(31-Oct-07)Tj
-16.67 -1.625 TD
[(Fund Domicile)-11079(Luxembourg)]TJ
ET
q
0.6 i
27.5 514.889 170 16.5 re
W n
1 0.84 0.31 0.17 k
27.5 531.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 31.5 520.3892 Tm
0 0 0 0 k
0 Tc
[(F)20(und F)20(acts)]TJ
/F2 1 Tf
8 0 0 8 32.5 503.3892 Tm
0 0 0 1 k
-0.025 Tc
[(ISIN - Class I Shares \(Acc.\))-6007(LU0234689643)]TJ
ET
q
0.6 i
27.5 485.889 115 13 re
W n
0.132 0.08 0.028 0 k
27.5 498.889 115 -13 re
f
Q
BT
8 0 0 8 32.5 490.3892 Tm
(Bloomberg Ticker - Class I Shares \(Acc.\))Tj
ET
q
0.6 i
142.5 485.889 55 13 re
W n
0.132 0.08 0.028 0 k
142.5 498.889 55 -13 re
f
Q
BT
8 0 0 8 160.276 490.3892 Tm
(GSEFIAC L)Tj
ET
q
142.5 485.889 50 11 re
W n
BT
8 0 0 8 188.7 490.3892 Tm
0 Tc
(X)Tj
ET
Q
BT
8 0 0 8 32.5 477.3892 Tm
[(Dividend Distribution Frequency)-7437(None)]TJ
ET
q
0.6 i
27.5 459.889 115 13 re
W n
0.132 0.08 0.028 0 k
27.5 472.889 115 -13 re
f
Q
BT
8 0 0 8 32.5 464.3892 Tm
(Dealing and valuation)Tj
ET
q
0.6 i
142.5 459.889 55 13 re
W n
0.132 0.08 0.028 0 k
142.5 472.889 55 -13 re
f
Q
BT
8 0 0 8 178.836 464.3892 Tm
(Dail)Tj
ET
q
142.5 459.889 50 11 re
W n
BT
8 0 0 8 189.588 464.3892 Tm
0 Tc
(y)Tj
ET
Q
BT
8 0 0 8 32.5 451.3892 Tm
[(Reporting year end)-9065(30 Novembe)]TJ
ET
q
142.5 446.889 50 11 re
W n
BT
8 0 0 8 190.476 451.3892 Tm
0 Tc
(r)Tj
ET
Q
0.132 0.08 0.028 0 k
27.5 446.889 50 -23.5 re
f
BT
8 0 0 8 32.5 438.3893 Tm
0 0 0 1 k
(Reference )Tj
0 -1.3125 TD
(Benchmark)Tj
ET
q
0.6 i
77.5 423.389 120 23.5 re
W n
0.132 0.08 0.028 0 k
77.5 446.889 120 -23.5 re
f
Q
BT
8 0 0 8 79.716 438.3893 Tm
(Bloomberg Barclays Euro Aggregate Bond )Tj
12.28 -1.3125 TD
(Inde)Tj
ET
q
77.5 423.389 115 21.5 re
W n
BT
8 0 0 8 189.588 427.8893 Tm
0 Tc
(x)Tj
ET
Q
BT
8 0 0 8 32.5 414.8892 Tm
[(Settlement)-14600(T + 3)]TJ
ET
q
0.6 i
212.5 697.889 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 714.389 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 703.3892 Tm
0 0 0 0 k
0 Tc
-0.05 Tw
[(S)20(ector Allocation )-50(\(%\))]TJ
/F1 1 Tf
6 0 0 6 215.5 686.3893 Tm
0 0 0 1 k
-0.0333 Tc
0 Tw
[(Goldman Sachs Euro Fixed Income Portfolio)-12119.6(Bloomberg Barclays Euro Aggregate Bond )]TJ
ET
q
385 682.889 182 8 re
W n
BT
6 0 0 6 480.508 686.3893 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 481.976 686.3893 Tm
(Total Return, Unhedged, EUR)Tj
ET
q
385 682.889 182 8 re
W n
BT
6 0 0 6 545.9061 686.3893 Tm
0 Tc
(\))Tj
ET
Q
q
254 672.889 18 8 re
W n
0 0 0 1 K
0 J 0 j 0.5 w 10 M []0 d
/GS2 gs
270.846 674.91 m
262.45 678.837 254.582 678.142 y
254.5 680.889 m
254.5 675.272 l
269.281 677.483 m
271.19 674.895 l
268.035 673.594 l
S
Q
0 0.97 1 0.5 k
/GS2 gs
0.6 i
252.5 642.889 m
252.5 672.889 l
254.072 672.889 255.641 672.766 257.193 672.52 c
h
252.5 642.889 m
f
0 0 0 0 K
0 J 0 j 0.1 w 10 M []0 d
/GS1 gs
252.5 642.889 m
252.5 672.889 l
254.072 672.889 255.641 672.766 257.193 672.52 c
h
252.5 642.889 m
S
252.5 642.889 m
257.193 672.52 l
273.558 669.928 284.723 654.561 282.131 638.196 c
279.539 621.832 264.172 610.667 247.807 613.259 c
231.442 615.85 220.277 631.218 222.869 647.582 c
225.144 661.946 237.394 672.61 251.935 672.884 c
h
252.5 642.889 m
f
252.5 642.889 m
257.193 672.52 l
273.558 669.928 284.723 654.561 282.131 638.196 c
279.539 621.832 264.172 610.667 247.807 613.259 c
231.442 615.85 220.277 631.218 222.869 647.582 c
225.144 661.946 237.394 672.61 251.935 672.884 c
h
252.5 642.889 m
S
252.5 642.889 m
251.935 672.884 l
252.123 672.887 252.311 672.889 252.5 672.889 c
h
252.5 642.889 m
f
252.5 642.889 m
251.935 672.884 l
252.123 672.888 252.311 672.889 252.5 672.889 c
h
252.5 642.889 m
S
0 0 0 0 k
267.5 642.889 m
267.5 651.173 260.784 657.889 252.5 657.889 c
244.216 657.889 237.5 651.173 237.5 642.889 c
237.5 634.605 244.216 627.889 252.5 627.889 c
260.784 627.889 267.5 634.605 267.5 642.889 c
f
267.5 642.889 m
267.5 651.173 260.784 657.889 252.5 657.889 c
244.216 657.889 237.5 651.173 237.5 642.889 c
237.5 634.605 244.216 627.889 252.5 627.889 c
260.784 627.889 267.5 634.605 267.5 642.889 c
S
BT
/F5 1 Tf
6 0 0 6 292.972 676.3892 Tm
0 0.97 1 0.5 k
(2.5)Tj
ET
q
0.2 i
287.5 672.889 16 8 re
W n
BT
6 0 0 6 299.032 676.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 676.3892 Tm
0 0 0 1 k
(Asset-Backed Securities )Tj
ET
q
0.2 i
307.5 672.889 70 8 re
W n
BT
6 0 0 6 363.684 676.3892 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 365.152 676.3892 Tm
(ABS)Tj
ET
q
0.2 i
307.5 672.889 70 8 re
W n
BT
6 0 0 6 375.22 676.3892 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 292.972 668.3893 Tm
0 0.97 1 0.5 k
(0.0)Tj
ET
q
0.2 i
287.5 664.889 16 8 re
W n
BT
6 0 0 6 299.032 668.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 668.3893 Tm
0 0 0 1 k
(Residential Mortgages )Tj
ET
q
0.2 i
307.5 664.889 70 8 re
W n
BT
6 0 0 6 358.756 668.3893 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 360.224 668.3893 Tm
(RMBS)Tj
ET
q
0.2 i
307.5 664.889 70 8 re
W n
BT
6 0 0 6 374.76 668.3893 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 292.972 660.3892 Tm
0 0.97 1 0.5 k
(0.0)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
(Commercial Mortgages )Tj
0 -1.25 TD
(\(CMBS\))Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
287.5 641.389 16 8 re
W n
BT
6 0 0 6 299.032 644.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 644.8892 Tm
0 0 0 1 k
(Corporates - High Yield)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
287.5 633.389 16 8 re
W n
BT
6 0 0 6 299.032 636.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 636.8893 Tm
0 0 0 1 k
(Corporates - Inv. Grade)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
287.5 625.389 16 8 re
W n
BT
6 0 0 6 299.032 628.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 628.8892 Tm
0 0 0 1 k
(Covered Bonds)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
287.5 617.389 16 8 re
W n
BT
6 0 0 6 299.032 620.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 620.8892 Tm
0 0 0 1 k
(Emerging Market Debt)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
287.5 609.389 16 8 re
W n
BT
6 0 0 6 299.032 612.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 612.8893 Tm
0 0 0 1 k
(Governments)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
287.5 601.389 16 8 re
W n
BT
6 0 0 6 299.032 604.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 604.8892 Tm
0 0 0 1 k
(Quasi-Governments)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.3333 TD
(97.2)Tj
ET
q
0.2 i
287.5 593.389 16 8 re
W n
BT
6 0 0 6 299.032 596.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 596.8892 Tm
0 0 0 1 k
(Cash)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.3333 TD
(0.3)Tj
ET
q
0.2 i
287.5 585.389 16 8 re
W n
BT
6 0 0 6 299.032 588.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 588.8893 Tm
0 0 0 1 k
(Derivatives)Tj
ET
q
0.2 i
426.5 672.889 18 8 re
W n
0 0 0 1 K
0.5 w
/GS2 gs
443.346 674.91 m
434.95 678.837 427.082 678.142 y
427 680.889 m
427 675.272 l
441.781 677.483 m
443.69 674.895 l
440.535 673.594 l
S
Q
0.92 0.73 0.2 0.05 k
/GS2 gs
425 642.889 m
425 672.889 l
436.894 672.889 447.665 665.862 452.457 654.976 c
h
425 642.889 m
f
/GS1 gs
425 642.889 m
425 672.889 l
436.894 672.889 447.665 665.862 452.457 654.976 c
h
425 642.889 m
S
425 642.889 m
452.457 654.976 l
454.467 650.41 455.307 645.414 454.9 640.442 c
h
425 642.889 m
f
425 642.889 m
452.457 654.976 l
454.467 650.41 455.307 645.414 454.9 640.442 c
h
425 642.889 m
S
425 642.889 m
454.9 640.442 l
454.772 638.875 454.521 637.321 454.149 635.794 c
h
425 642.889 m
f
425 642.889 m
454.9 640.442 l
454.772 638.875 454.521 637.321 454.149 635.794 c
h
425 642.889 m
S
425 642.889 m
454.149 635.794 l
450.23 619.696 434.004 609.822 417.905 613.74 c
401.807 617.659 391.933 633.886 395.851 649.984 c
397.016 654.77 399.341 659.195 402.622 662.87 c
h
425 642.889 m
f
425 642.889 m
454.149 635.794 l
450.23 619.696 434.004 609.822 417.905 613.74 c
401.807 617.659 391.933 633.886 395.851 649.984 c
397.016 654.77 399.341 659.195 402.622 662.87 c
h
425 642.889 m
S
425 642.889 m
402.622 662.87 l
408.314 669.244 416.454 672.889 425 672.889 c
h
425 642.889 m
f
425 642.889 m
402.622 662.87 l
408.314 669.245 416.454 672.889 425 672.889 c
h
425 642.889 m
S
0 0 0 0 k
440 642.889 m
440 651.173 433.284 657.889 425 657.889 c
416.716 657.889 410 651.173 410 642.889 c
410 634.605 416.716 627.889 425 627.889 c
433.284 627.889 440 634.605 440 642.889 c
f
440 642.889 m
440 651.173 433.284 657.889 425 657.889 c
416.716 657.889 410 651.173 410 642.889 c
410 634.605 416.716 627.889 425 627.889 c
433.284 627.889 440 634.605 440 642.889 c
S
BT
/F5 1 Tf
6 0 0 6 465.472 676.3892 Tm
0.92 0.73 0.2 0.05 k
(0.0)Tj
ET
q
0.2 i
460 672.889 16 8 re
W n
BT
6 0 0 6 471.532 676.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 676.3892 Tm
0 0 0 1 k
(Asset-Backed Securities )Tj
ET
q
0.2 i
480 672.889 70 8 re
W n
BT
6 0 0 6 536.184 676.3892 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 537.652 676.3892 Tm
(ABS)Tj
ET
q
0.2 i
480 672.889 70 8 re
W n
BT
6 0 0 6 547.72 676.3892 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 465.472 668.3893 Tm
0.92 0.73 0.2 0.05 k
(0.0)Tj
ET
q
0.2 i
460 664.889 16 8 re
W n
BT
6 0 0 6 471.532 668.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 668.3893 Tm
0 0 0 1 k
(Residential Mortgages )Tj
ET
q
0.2 i
480 664.889 70 8 re
W n
BT
6 0 0 6 531.256 668.3893 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 532.724 668.3893 Tm
(RMBS)Tj
ET
q
0.2 i
480 664.889 70 8 re
W n
BT
6 0 0 6 547.26 668.3893 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 465.472 660.3892 Tm
0.92 0.73 0.2 0.05 k
(0.0)Tj
ET
q
0.2 i
460 656.889 16 8 re
W n
BT
6 0 0 6 471.532 660.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 660.3892 Tm
0 0 0 1 k
(Commercial Mortgages )Tj
0 -1.25 TD
(\(CMBS\))Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
460 641.389 16 8 re
W n
BT
6 0 0 6 471.532 644.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 644.8892 Tm
0 0 0 1 k
(Corporates - High Yield)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.3333 TD
(18.4)Tj
ET
q
0.2 i
460 633.389 16 8 re
W n
BT
6 0 0 6 471.532 636.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 636.8893 Tm
0 0 0 1 k
(Corporates - Inv. Grade)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(7.9)Tj
ET
q
0.2 i
460 625.389 16 8 re
W n
BT
6 0 0 6 471.532 628.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 628.8892 Tm
0 0 0 1 k
(Covered Bonds)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(2.5)Tj
ET
q
0.2 i
460 617.389 16 8 re
W n
BT
6 0 0 6 471.532 620.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 620.8892 Tm
0 0 0 1 k
(Emerging Market Debt)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.3333 TD
(57.8)Tj
ET
q
0.2 i
460 609.389 16 8 re
W n
BT
6 0 0 6 471.532 612.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 612.8893 Tm
0 0 0 1 k
(Governments)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.3333 TD
(13.4)Tj
ET
q
0.2 i
460 601.389 16 8 re
W n
BT
6 0 0 6 471.532 604.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 604.8892 Tm
0 0 0 1 k
(Quasi-Governments)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
460 593.389 16 8 re
W n
BT
6 0 0 6 471.532 596.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 596.8892 Tm
0 0 0 1 k
(Cash)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
460 585.389 16 8 re
W n
BT
6 0 0 6 471.532 588.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 480 588.8893 Tm
0 0 0 1 k
(Derivatives)Tj
ET
q
212.5 558.889 170 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 575.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 564.3893 Tm
0 0 0 0 k
0 Tc
[(Country Bond )50(Allocation \(%\))]TJ
ET
q
397.5 558.889 170 16.5 re
W n
0.53 0.32 0.11 0 k
397.5 575.389 170 -16.5 re
f
Q
BT
10 0 0 10 401.5 564.3893 Tm
-0.05 Tw
[(Credit Allocation )-50(\(%\))]TJ
/F2 1 Tf
8 0 0 8 225.892 538.8892 Tm
0 0 0 1 k
-0.025 Tc
0 Tw
(Goldman Sachs Euro Fixed )Tj
3.465 -1.3125 TD
(Income Portfolio)Tj
7.065 2.75 TD
(Bloomberg Barclays Euro )Tj
0.84 -1.3125 TD
(Aggregate Bond \(Total )Tj
-0.531 -1.3125 TD
(Return, Unhedged, EUR\))Tj
ET
0.132 0.08 0.028 0 k
212.5 523.889 70 -14 re
f
BT
8 0 0 8 217.5 515.3892 Tm
0 0 0 1 k
(Eurozone)Tj
ET
q
282.5 509.889 20 14 re
W n
0.132 0.08 0.028 0 k
282.5 523.889 20 -14 re
f
Q
BT
8 0 0 8 285.868 515.3892 Tm
(97.2)Tj
ET
q
302.5 509.889 80 14 re
W n
0.132 0.08 0.028 0 k
302.5 523.889 80 -14 re
f
Q
BT
8 0 0 8 362.516 515.3892 Tm
(100.0)Tj
-18.127 -1.75 TD
[(US)-7959(2.1)-8965(0.0)]TJ
ET
q
212.5 481.889 70 14 re
W n
0.132 0.08 0.028 0 k
212.5 495.889 70 -14 re
f
Q
BT
8 0 0 8 217.5 487.3892 Tm
(Australia)Tj
ET
q
282.5 481.889 20 14 re
W n
0.132 0.08 0.028 0 k
282.5 495.889 20 -14 re
f
Q
BT
8 0 0 8 289.22 487.3892 Tm
(0.1)Tj
ET
q
302.5 481.889 80 14 re
W n
0.132 0.08 0.028 0 k
302.5 495.889 80 -14 re
f
Q
BT
8 0 0 8 369.22 487.3892 Tm
(0.0)Tj
-18.965 -1.75 TD
[(Other)-7090(0.6)-8965(0.0)]TJ
ET
0 0 0 0.4 K
0.2 w
449.5 440.139 m
564.5 440.139 l
449.5 456.389 m
564.5 456.389 l
449.5 472.639 m
564.5 472.639 l
449.5 488.889 m
564.5 488.889 l
449.5 505.139 m
564.5 505.139 l
449.5 521.389 m
564.5 521.389 l
449.5 537.639 m
564.5 537.639 l
449.5 553.889 m
564.5 553.889 l
S
0.38 0.27 0.07 0 k
449.5 424.389 m
449.5 432.014 l
449.5 424.389 l
f
BT
5 0 0 5 454.17 426.2017 Tm
/Cs7 cs 0 scn
0 Tc
(0.0 )Tj
ET
0 0.97 1 0.5 k
449.5 439.639 0.287 -7.625 re
f
BT
5 0 0 5 454.4575 433.8267 Tm
/Cs7 cs 0 scn
(0.3 )Tj
ET
0.38 0.27 0.07 0 k
449.5 440.639 m
449.5 448.264 l
449.5 440.639 l
f
BT
5 0 0 5 454.17 442.4517 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0 0.97 1 0.5 k
449.5 455.889 93.15 -7.625 re
f
BT
5 0 0 5 546.21 450.0767 Tm
/Cs7 cs 0 scn
(97.2 )Tj
ET
0.38 0.27 0.07 0 k
449.5 464.514 0.096 -7.625 re
f
BT
5 0 0 5 454.2658 458.7017 Tm
/Cs7 cs 0 scn
(0.1 )Tj
ET
0 0.97 1 0.5 k
449.5 464.514 m
449.5 472.139 l
449.5 464.514 l
f
BT
5 0 0 5 454.17 466.3267 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.38 0.27 0.07 0 k
449.5 473.139 m
449.5 480.764 l
449.5 473.139 l
f
BT
5 0 0 5 454.17 474.9517 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0 0.97 1 0.5 k
449.5 480.764 m
449.5 488.389 l
449.5 480.764 l
f
BT
5 0 0 5 454.17 482.5767 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.38 0.27 0.07 0 k
449.5 497.014 28.271 -7.625 re
f
BT
5 0 0 5 481.3308 491.2017 Tm
/Cs7 cs 0 scn
(29.5 )Tj
ET
0 0.97 1 0.5 k
449.5 497.014 m
449.5 504.639 l
449.5 497.014 l
f
BT
5 0 0 5 454.17 498.8268 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.38 0.27 0.07 0 k
449.5 513.264 11.021 -7.625 re
f
BT
5 0 0 5 464.0808 507.4518 Tm
/Cs7 cs 0 scn
(11.5 )Tj
ET
0 0.97 1 0.5 k
449.5 513.264 m
449.5 520.889 l
449.5 513.264 l
f
BT
5 0 0 5 454.17 515.0767 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.38 0.27 0.07 0 k
449.5 529.514 29.421 -7.625 re
f
BT
5 0 0 5 482.4808 523.7017 Tm
/Cs7 cs 0 scn
(30.7 )Tj
ET
0 0.97 1 0.5 k
449.5 529.514 m
449.5 537.139 l
449.5 529.514 l
f
BT
5 0 0 5 454.17 531.3267 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.38 0.27 0.07 0 k
449.5 545.764 27.025 -7.625 re
f
BT
5 0 0 5 480.085 539.9517 Tm
/Cs7 cs 0 scn
(28.2 )Tj
ET
0 0.97 1 0.5 k
449.5 553.389 2.396 -7.625 re
f
BT
5 0 0 5 456.5659 547.5767 Tm
/Cs7 cs 0 scn
(2.5 )Tj
ET
0 0 0 1 K
0.5 w
449.5 423.889 m
564.5 423.889 l
449.5 423.889 m
449.5 420.889 l
S
BT
5 0 0 5 448.39 414.8892 Tm
0 0 0 1 k
(0)Tj
ET
463.875 423.889 m
463.875 420.889 l
S
BT
5 0 0 5 461.655 414.8892 Tm
(15)Tj
ET
478.25 423.889 m
478.25 420.889 l
S
BT
5 0 0 5 476.03 414.8892 Tm
(30)Tj
ET
492.625 423.889 m
492.625 420.889 l
S
BT
5 0 0 5 490.405 414.8892 Tm
(45)Tj
ET
507 423.889 m
507 420.889 l
S
BT
5 0 0 5 504.78 414.8892 Tm
(60)Tj
ET
521.375 423.889 m
521.375 420.889 l
S
BT
5 0 0 5 519.155 414.8892 Tm
(75)Tj
ET
535.75 423.889 m
535.75 420.889 l
S
BT
5 0 0 5 533.53 414.8892 Tm
(90)Tj
ET
550.125 423.889 m
550.125 420.889 l
S
BT
5 0 0 5 546.795 414.8892 Tm
(105)Tj
ET
564.5 423.889 m
564.5 420.889 l
S
BT
5 0 0 5 561.17 414.8892 Tm
(120)Tj
ET
449.5 423.889 m
449.5 553.889 l
S
BT
6 0 0 6 397.5 430.0143 Tm
(Derivatives)Tj
0 2.7083 TD
(Cash)Tj
T*
(NR)Tj
T*
(CC)Tj
T*
(BBB)Tj
T*
(A)Tj
T*
(AA)Tj
T*
(AAA)Tj
ET
q
397.5 382.889 5 28 re
W n
0 0.97 1 0.5 K
10 w
397.5 410.889 m
402.5 410.889 l
S
Q
BT
/F1 1 Tf
6 0 0 6 405.5 406.3892 Tm
-0.0333 Tc
(Goldman Sachs Euro Fixed )Tj
0 -1.25 TD
(Income Portfolio)Tj
ET
q
482.5 382.889 5 28 re
W n
0.38 0.27 0.07 0 K
10 w
482.5 410.889 m
487.5 410.889 l
S
Q
BT
6 0 0 6 490.5 406.3892 Tm
(Bloomberg Barclays Euro )Tj
T*
(Aggregate Bond \(Total Return, )Tj
T*
(Unhedged, EUR\))Tj
/F5 1 Tf
8 0 0 8 217.5 149.5 Tm
-0.025 Tc
(Please see Additional Notes. All performance and holdings data as at 31-Mar-17. Past performance does not )Tj
T*
(guarantee future results, which may vary. The value of investments and the income derived from investments will )Tj
ET
q
0.2 i
217.5 125 350 30.5 re
W n
BT
8 0 0 8 217.5 129.5 Tm
0 Tc
()Tj
ET
Q
BT
8 0 0 8 221.3 129.5 Tm
(uctuate and can go down as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 122 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 119 Tm
(The Morningstar sector average gures are calculated using all open funds available in the universe at the indicated )Tj
-0.444 -1.25 TD
(time period. The number of funds in a Morningstar sector varies over time as new funds are launched and funds close. )Tj
T*
[(Source: Morningstar 2017 Morningstar)70(, Inc. All Rights Reserved.)]TJ
4 0 0 4 411.252 102 Tm
( \(2\))Tj
8 0 0 8 415.692 99 Tm
(The total expense ratio is based on fees and )Tj
-24.774 -1.25 TD
(expenses during the month. The Ongoing Charges \(OC\) details can be found in the Key Investor Information Document.)Tj
4 0 0 4 560.4201 92 Tm
( )Tj
-85.73 -2.5 TD
(\(3\))Tj
8 0 0 8 221.052 79 Tm
(The Bloomberg Barclays Euro Aggregate Bond Index is quoted at month-end with income reinvested and, in contrast to )Tj
-0.444 -1.25 TD
(the Portfolio, is shown without the deduction of any expenses.)Tj
4 0 0 4 399.62 72 Tm
( \(4\))Tj
8 0 0 8 404.06 69 Tm
(Fund returns are shown net of applicable ongoing fees )Tj
-23.32 -1.25 TD
[(within the portfolio, with dividends re-invested using the ex-dividend NA)37(V)100(.)0( These returns are for comparison of )]TJ
T*
(performance against specied index. As the investor may be liable to other fees, charges and taxes, they are not meant )Tj
T*
(to provide a measure of actual return to investors. The performance data do not take account of the commissions and )Tj
T*
(costs incurred on the issue and redemption of shares.)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
q
27.594 27.518 111.827 41.827 re
W n
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
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
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(Goldman Sachs Euro Fixed Income Portfolio)Tj
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(Important Risk Considerations)Tj
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()Tj
/F5 1 Tf
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0 0 0 1 k
(Contingent Convertible \(Coco\) Bond Risk)Tj
/F1 1 Tf
8 0 0 8 184.839 728.8892 Tm
( investment in this particular type of bond may result in material losses to the Portfolio based on certain trigger events. )Tj
-18.4174 -1.3125 TD
(The existence of these trigger events creates a different type of risk from traditional bonds and may more likely result in a p)Tj
49.097 0 TD
(artial or total loss of value or alternatively )Tj
-49.097 -1.3125 TD
(they may be converted into shares of the issuing company which may also have suffered a loss in value.)Tj
/F6 1 Tf
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()Tj
/F5 1 Tf
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0 0 0 1 k
(Counterparty risk)Tj
/F1 1 Tf
8 0 0 8 96.9915 695.8892 Tm
( a party that the Portfolio transacts with may fail to meet its obligations which could cause losses.)Tj
/F6 1 Tf
6 0 0 6 27.5 683.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 683.8892 Tm
0 0 0 1 k
(Credit risk)Tj
/F1 1 Tf
8 0 0 8 73.387 683.8892 Tm
( the failure of a counterparty or an issuer of a nancial asset held within the Portfolio to meet its payment obligations will )Tj
48.322 0 TD
(have a negative impact on the )Tj
-52.8079 -1.3125 TD
(Portfolio.)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 37.5 661.3892 Tm
0 0 0 1 k
(Custodian risk)Tj
/F1 1 Tf
8 0 0 8 87.0805 661.3892 Tm
( insolvency, breaches of duty of care or misconduct of a custodian or subcustodian responsible for the safekeeping of the Portf)Tj
50.711 0 TD
(olio's assets can result )Tj
-56.9085 -1.3125 TD
(in loss to the Portfolio.)Tj
/F6 1 Tf
6 0 0 6 27.5 638.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 638.8892 Tm
0 0 0 1 k
(Derivatives risk)Tj
/F1 1 Tf
8 0 0 8 91.7895 638.8892 Tm
( derivative instruments are highly sensitive to changes in the value of the underlying asset that they are based on. Certain de)Tj
49.598 0 TD
(rivatives may result in )Tj
-56.3842 -1.3125 TD
(losses greater than the amount originally invested.)Tj
/F6 1 Tf
6 0 0 6 27.5 616.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 616.3892 Tm
0 0 0 1 k
(Exchange rate risk)Tj
/F1 1 Tf
8 0 0 8 102.185 616.3892 Tm
( changes in exchange rates may reduce or increase the returns an investor might expect to receive independent of the performanc)Tj
52.266 0 TD
(e of such )Tj
-60.3516 -1.3125 TD
(assets. If applicable, investment techniques used to attempt to reduce the risk of currency movements \(hedging\), may not be ef)Tj
50.878 0 TD
(fective. Hedging also involves )Tj
-50.878 -1.3125 TD
(additional risks associated with derivatives.)Tj
/F6 1 Tf
6 0 0 6 27.5 583.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 583.3892 Tm
0 0 0 1 k
(Interest rate risk)Tj
/F1 1 Tf
8 0 0 8 94.6285 583.3892 Tm
( when interest rates rise, bond prices fall, reecting the ability of investors to obtain a more attractive rate of interest on)Tj
47.71 0 TD
( their money elsewhere. )Tj
-54.8511 -1.3125 TD
(Bond prices are therefore subject to movements in interest rates which may move for a number of reasons, political as well as e)Tj
51.096 0 TD
(conomic.)Tj
/F6 1 Tf
6 0 0 6 27.5 560.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 560.8892 Tm
0 0 0 1 k
(Leverage risk)Tj
/F1 1 Tf
8 0 0 8 84.233 560.8892 Tm
( the Portfolio may operate with a signicant amount of leverage. Leverage occurs when the economic exposure created by the use )Tj
52.433 0 TD
(of derivatives is )Tj
-58.2746 -1.3125 TD
(greater than the amount invested. A leveraged Portfolio may result in large uctuations in the value of the Portfolio and there)Tj
49.713 0 TD
(fore entails a high degree of risk )Tj
-49.713 -1.3125 TD
(including the risk that losses may be substantial.)Tj
/F6 1 Tf
6 0 0 6 27.5 527.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 527.8892 Tm
0 0 0 1 k
(Liquidity risk)Tj
/F1 1 Tf
8 0 0 8 82.3545 527.8892 Tm
( the Portfolio may not always nd another party willing to purchase an asset that the Portfolio wants to sell which could impac)Tj
50.267 0 TD
(t the Portfolio's ability to )Tj
-55.8738 -1.3125 TD
(meet redemption requests on demand.)Tj
/F6 1 Tf
6 0 0 6 27.5 505.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 505.3892 Tm
0 0 0 1 k
(Market risk)Tj
/F1 1 Tf
8 0 0 8 77.6285 505.3892 Tm
( the value of assets in the Portfolio is typically dictated by a number of factors, including the condence levels of the marke)Tj
49.044 0 TD
(t in which they are traded.)Tj
/F6 1 Tf
6 0 0 6 27.5 493.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 493.3892 Tm
0 0 0 1 k
(Operational risk)Tj
/F1 1 Tf
8 0 0 8 93.2175 493.3892 Tm
( material losses to the Portfolio may arise as a result of human error, system and/or process failures, inadequate procedures o)Tj
50.318 0 TD
(r controls.)Tj
/F6 1 Tf
6 0 0 6 27.5 481.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 481.3892 Tm
0 0 0 1 k
(Mortgage-backed securities \(MBS\) and asset-backed securities \(ABS\) risk)Tj
/F1 1 Tf
8 0 0 8 310.8685 481.3892 Tm
( the mortgages backing MBS and assets backing ABS may be repaid earlier )Tj
-34.1711 -1.3125 TD
(than required, resulting in a lower return.)Tj
/F5 1 Tf
8.5 0 0 8.5 27.5 318.8892 Tm
0.53 0.32 0.11 0 k
(Glossary)Tj
ET
q
0.6 i
27.5 296.389 540 15 re
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1 0.84 0.31 0.17 K
0 J 0 j 2 w 10 M []0 d
27.5 311.389 m
567.5 311.389 l
S
Q
BT
/F6 1 Tf
6 0 0 6 27.5 289.8892 Tm
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 289.8892 Tm
0 0 0 1 k
(Beta)Tj
/F1 1 Tf
8 0 0 8 53.5565 289.8892 Tm
( Measures the sensitivity of the funds returns to the comparative benchmark index return \(annualised\). The nearer to 1.00, t)Tj
49.986 0 TD
(he closer the historical uctuations )Tj
-51.993 -1.3125 TD
(in the value of the fund are to the benchmark. If above 1.00, then fund uctuations have been greater than the benchmark.)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
(Duration of the Portfolio)Tj
/F1 1 Tf
8 0 0 8 120.1455 267.3892 Tm
( Measure of the sensitivity of the price of a bond or portfolio to a change in interest rates paid. The larger the number \(po)Tj
48.822 0 TD
(sitive or )Tj
-59.1527 -1.3125 TD
(negative\), the greater the change in price for given changes in interest rates. When duration is positive a rise in interest ra)Tj
48.765 0 TD
(tes results in a fall in price while for a )Tj
-48.765 -1.3125 TD
(negative duration a rise in interest rates results in a rise in price.)Tj
/F6 1 Tf
6 0 0 6 27.5 234.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 234.3892 Tm
0 0 0 1 k
(Excess returns)Tj
/F1 1 Tf
8 0 0 8 88.483 234.3892 Tm
( The return of the fund in excess of the benchmark/index return \(annualised\).)Tj
/F6 1 Tf
6 0 0 6 27.5 222.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 222.3892 Tm
0 0 0 1 k
(Historical tracking error)Tj
/F1 1 Tf
8 0 0 8 121.072 222.3892 Tm
( - Measure of the actual deviation of the funds returns from the comparative benchmark index returns \(annualised\). A higher nu)Tj
50.988 0 TD
(mber )Tj
-61.4345 -1.3125 TD
(means that the fund is taking greater risk against the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 199.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 199.8892 Tm
0 0 0 1 k
(Historical Volatility of Portfolio)Tj
/F1 1 Tf
8 0 0 8 144.7105 199.8892 Tm
( Illustrates the dispersion of the funds realized monthly returns around the average monthly return, indicating how volatile)Tj
49.432 0 TD
( the )Tj
-62.8333 -1.3125 TD
(funds return is over time. The higher the number the more volatile the funds returns.)Tj
/F6 1 Tf
6 0 0 6 27.5 177.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 177.3892 Tm
0 0 0 1 k
(Interest Rate Duration)Tj
/F1 1 Tf
8 0 0 8 113.0565 177.3892 Tm
( This is a modied measure of Total Average Duration that has been estimated by GSAM. This modied measure seeks to take acco)Tj
53.153 0 TD
(unt of )Tj
-62.5976 -1.3125 TD
(the different behaviours of different bond markets around the world by re-expressing all duration exposures to a common US mark)Tj
51.931 0 TD
(et standard. The goal is to improve )Tj
-51.931 -1.3125 TD
(the estimate of the portfolio's sensitivity to changes in interest rates. This estimate is guided by historical market observat)Tj
48.514 0 TD
(ions amongst markets which are )Tj
-48.514 -1.3125 TD
(themselves subject to change over time and may not necessarily be reected by the actual outcome.)Tj
/F6 1 Tf
6 0 0 6 27.5 133.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 133.8892 Tm
0 0 0 1 k
(Net Asset Value)Tj
/F1 1 Tf
8 0 0 8 92.75 133.8892 Tm
( Represents the net assets of the fund \(ex-dividend\) divided by the total number of shares issued by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 121.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 121.8892 Tm
0 0 0 1 k
(Total Expense Ratio \(TER\))Tj
/F1 1 Tf
8 0 0 8 125.815 121.8892 Tm
( The total expense ratio is based on fees and expenses during the month. It includes management fee, distribution fee, perfor)Tj
50.489 0 TD
(mance fee )Tj
-61.5284 -1.3125 TD
(and operational expenses, if any, but excludes transaction costs incurred by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 99.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 99.3892 Tm
0 0 0 1 k
(R)Tj
/F2 1 Tf
4 0 0 4 42.226 102.8892 Tm
(2)Tj
/F1 1 Tf
8 0 0 8 44.002 99.3892 Tm
( Measure that represents the percentage of a portfolio movement linked to movements in the benchmark index return \(annualised)Tj
52.433 0 TD
(\). The nearer to [1.00], the more )Tj
-53.2457 -1.3125 TD
(a fund is tracking the risk of the benchmark, and the less risk that the fund is taking against the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 76.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 76.8892 Tm
0 0 0 1 k
(Swing pricing)Tj
/F1 1 Tf
8 0 0 8 86.1455 76.8892 Tm
( This describes the total trading spreads and any other duties and charges \(e.g. Broker Commissions, Stamp Duty and Taxes\) th)Tj
51.431 0 TD
(at may be paid on )Tj
-57.5117 -1.3125 TD
(entry and exit to the Fund and which seek to protect long-term investors already in the Fund. The price shown is measured at la)Tj
50.708 0 TD
(st quarter end, and is only indicative of )Tj
-50.708 -1.3125 TD
(the swing that may apply to a new subscription/redemption.)Tj
/F6 1 Tf
6 0 0 6 27.5 43.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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(h.)Tj
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(GSI. Goldman Sachs International accepts no liability for the misuse or inappropriate distribution of this material.)Tj
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(: This material is provided at your request for informational purposes only and does not constitute a solicitation in any juris)Tj
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(diction in which such a solicitation is )Tj
-53.0819 -1.3125 TD
(unlawful or to any person to whom it is unlawful. It only contains selected information with regards to the fund and does not c)Tj
46.814 0 TD
(onstitute an offer to buy shares in the fund. Prior to an )Tj
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(investment, prospective investors should carefully read the latest Key Investor Information Document \(KIID\) as well as the offe)Tj
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(ring documentation, including but not limited to the )Tj
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(funds prospectus which contains inter alia a comprehensive disclosure of applicable risks. The relevant articles of associatio)Tj
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(n, prospectus, supplement, KIID and latest annual/)Tj
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(semi-annual report are available free of charge from the funds paying and information agent and/or from your nancial adviser )Tj
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(countries\). Therefore, the shares of the fund must not be marketed or offered in or to residents of any such jurisdictions unle)Tj
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(ss such marketing or offering is made in compliance )Tj
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(Investment Advice and Potential Loss)Tj
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(: Financial advisers generally suggest a diversied portfolio of investments. The fund described herein does not represent a di)Tj
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(versied )Tj
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(investment by itself. This material must not be construed as investment or tax advice. Prospective investors should consult the)Tj
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(ir nancial and tax adviser before investing in order to )Tj
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(An investor should only invest if he/she has the necessary nancial resources to bear a complete loss of this investment.)Tj
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(Swing Pricing)Tj
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(: Please note that the fund operates a swing pricing policy. Investors should be aware that from time to time this may result i)Tj
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(Fees are generally billed and payable at the end of each quarter and are based on average month-end market values during the qu)Tj
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(arter.)Tj
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(Additional information is provided in our Form ADV Part-2 which is available at http://www.adviserinfo.sec.gov/IAPD/Content/Sea)Tj
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(rch/iapd_Search.aspx.)Tj
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(The relevant articles of association, prospectus, supplement and key investor information document \(KIID\) and latest annual/sem)Tj
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(i-annual report \(as applicable\) are available free )Tj
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(of charge from the funds paying and information agents as listed below:)Tj
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(Austria)Tj
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(: Raiffeisen Bank International AG, Am Stadtpark 9, A-1030 Wien, Austria.)Tj
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(Belgium)Tj
/F1 1 Tf
3.214 0 TD
(: RBC Investor Services, Place Rogier II, 1210 Brussels, Belgium.)Tj
/F5 1 Tf
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(Denmark)Tj
/F1 1 Tf
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(: Stockrate Asset Management, Mollevej 9 E2, DK-2990 Niva, Denmark.)Tj
/F5 1 Tf
-3.491 -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
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(Germany)Tj
/F1 1 Tf
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(: State Street Bank GmbH, Brienner Strasse 59, 80333 Munich, Germany.)Tj
/F5 1 Tf
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(Greece)Tj
/F1 1 Tf
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(: Piraeus Bank S.A., 4 Amerikis Street, 10564 Athens, Greece.)Tj
/F5 1 Tf
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(Ireland)Tj
/F1 1 Tf
2.714 0 TD
(: RBC Investor Services Ireland Limited, George's Quay House, 43 Townsend Street, Dublin 2, Ireland.)Tj
/F5 1 Tf
-2.714 -1.375 TD
(Italy)Tj
/F1 1 Tf
1.653 0 TD
(: Socit Gnrale Securities Services, Maciachini Center MAC 2, Via Benigno Crespi, 19/A, 20159 Milan, Italy; AllFunds Bank )Tj
47.643 0 TD
(S.A. Filiale di Milano, Via Santa Margherita 7, )Tj
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(20121 Milan, Italy; RBC Investor Services Bank Milan- Milan Branch, Cia Vittor Pisani, 26, 20154 Milan, Italy; State Street Ban)Tj
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(k S.pA., Via Col Moschin, 16 , 20136 Milan, Italy; BNP )Tj
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(Paribas Securities Services Succursale di Milano, Via Ansperto 5, 20121 Milan, Italy; Banca Sella, Piazza Gaudenzio Sella 1, 1)Tj
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(3900 Biella Bl., Italy.)Tj
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(Luxembourg)Tj
/F1 1 Tf
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(: State Street Bank Luxembourg S.A., 49, avenue J.F. Kennedy, L-1855 Luxembourg.)Tj
/F5 1 Tf
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(Sweden)Tj
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(: Skandinaviska Enskilda Banken AB, through its entity Global Transaction Services, SEB Merchant Banking, Sergels Torg 2, ST MH)Tj
49.1439 0 TD
(1, SE-106 40 Stockholm, Sweden.)Tj
/F5 1 Tf
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(Switzerland)Tj
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(: Swiss Representative of the fund is First Independent Fund Services Ltd, Klausstrasse 33, 8008 Zurich. Paying Agent of the fu)Tj
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(nd in Switzerland is Goldman Sachs Bank )Tj
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(AG, Claridenstrasse 25, 8022 Zurich. The Key Investor Information Document \(KIID\) as well as the annual and semi-annual reports)Tj
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( of the fund may be obtained free of charge at the )Tj
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(Australia)Tj
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(: This material is distributed in Australia and New Zealand by Goldman Sachs Asset Management Australia Pty Ltd ABN 41 006 099 )Tj
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(681, AFSL 228948 \(GSAMA\) and is )Tj
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(intended for viewing only by wholesale clients in Australia for the purposes of section 761G of the Corporations Act 2001 \(Cth\))Tj
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( and to clients who either fall within any or all of the )Tj
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(categories of investors set out in section 3\(2\) or sub-section 5\(2CC\) of the Securities Act 1978 \(NZ\).)Tj
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(Hong Kong)Tj
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(: This material has been issued or approved for use in or from Hong Kong by Goldman Sachs \(Asia\) L.L.C.)Tj
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(Netherlands)Tj
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(: The fund is included in the register kept by the Stichting Autoriteit Financile Markten.)Tj
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(602165W\) and Goldman Sachs Asset )Tj
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(Management \(Singapore\) Pte. Ltd. \(Company Number: 201329851H\).)Tj
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(Spain)Tj
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(: The fund is a foreign UCITS registered with the CNMV registry with number 141 \(SICAV\), 913 \(SICAV II\), 305 \(PLC\). A full desc)Tj
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(documentation is available free of charge from any of the authorised distributors of the fund listed in the Comisin Nacional d)Tj
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(el Mercado de Valores \(CNMV\) webpage at )Tj
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(www.cnmv.es.)Tj
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( 2017 Goldman Sachs. All rights reserved.)Tj
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(Registered and Principal Ofces:)Tj
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( Luxembourg domiciled Funds Registered Ofce:)Tj
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