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ET
0 0 0 1 K
232.5 687.889 m
229.5 687.889 l
S
BT
7 0 0 7 218.176 686.8893 Tm
(170)Tj
ET
232.5 552.889 m
232.5 687.889 l
S
0 0 0 0.5 K
1.5 w
516.643 634.084 m
514.285 635.884 l
511.927 632.044 l
509.644 624.424 l
507.283 624.259 l
505 627.634 l
502.642 626.239 l
500.284 620.734 l
498.002 615.439 l
495.643 605.374 l
493.361 601.549 l
491.006 629.029 l
488.8 631.054 l
486.441 629.134 l
484.083 625.669 l
481.801 626.839 l
479.439 626.449 l
477.157 626.674 l
474.798 628.684 l
472.44 626.809 l
470.158 621.289 l
467.799 621.319 l
465.52 621.379 l
463.162 620.269 l
461.032 618.934 l
458.673 613.099 l
456.315 612.019 l
454.033 613.369 l
451.671 616.849 l
449.389 614.419 l
447.031 619.684 l
444.672 616.084 l
442.39 619.534 l
440.032 622.744 l
437.749 625.324 l
435.394 625.924 l
433.264 629.059 l
430.906 628.534 l
428.547 627.769 l
426.265 627.979 l
423.904 627.799 l
421.621 627.724 l
419.263 625.249 l
416.905 624.199 l
414.622 624.769 l
412.264 623.974 l
409.982 621.964 l
407.627 621.289 l
405.496 617.959 l
403.138 615.844 l
400.78 613.579 l
398.497 620.854 l
396.136 622.324 l
393.854 621.649 l
391.495 618.844 l
389.137 616.084 l
386.855 610.699 l
384.496 611.779 l
382.214 608.629 l
379.859 602.554 l
377.653 600.244 l
375.294 601.444 l
372.936 604.954 l
370.654 604.879 l
368.292 600.139 l
366.01 603.394 l
363.652 606.319 l
361.293 606.634 l
359.011 609.679 l
356.653 610.699 l
354.37 607.579 l
352.015 607.549 l
349.885 605.779 l
347.527 604.969 l
345.168 609.739 l
342.886 610.564 l
340.525 608.704 l
338.242 612.109 l
335.884 610.999 l
333.526 610.789 l
331.243 610.129 l
328.885 605.374 l
326.603 603.559 l
324.247 601.474 l
322.117 597.349 l
319.759 599.299 l
317.401 598.624 l
315.118 601.909 l
312.757 598.144 l
310.475 594.274 l
308.116 598.579 l
305.758 597.364 l
303.476 605.494 l
301.117 611.119 l
298.838 607.324 l
296.48 608.044 l
294.35 608.299 l
291.991 608.674 l
289.633 606.679 l
287.351 605.029 l
284.989 603.274 l
282.707 600.709 l
280.349 599.104 l
277.99 593.839 l
275.708 589.834 l
273.35 593.719 l
271.067 592.219 l
268.712 592.054 l
266.506 588.139 l
264.148 584.359 l
261.789 582.829 l
259.507 585.364 l
257.145 578.884 l
254.863 586.609 l
252.505 587.314 l
250.146 584.809 l
247.864 584.299 l
245.506 582.784 l
243.224 580.819 l
240.868 579.184 l
238.738 578.854 l
236.38 579.679 l
234.021 579.544 l
232.5 582.889 l
S
1 0.84 0.31 0.17 K
[4 2 ]0 d
516.643 661.654 m
514.285 664.339 l
511.927 660.364 l
509.644 652.234 l
507.283 652.459 l
505 656.794 l
502.642 655.789 l
500.284 648.289 l
498.002 641.164 l
495.643 629.509 l
493.361 625.414 l
491.006 656.899 l
488.8 659.509 l
486.441 656.524 l
484.083 652.684 l
481.801 654.184 l
479.439 654.094 l
477.157 655.624 l
474.798 654.529 l
472.44 652.384 l
470.158 645.799 l
467.799 645.514 l
465.52 645.529 l
463.162 643.024 l
461.032 641.434 l
458.673 633.169 l
456.315 631.099 l
454.033 632.434 l
451.671 637.489 l
449.389 634.834 l
447.031 638.914 l
444.672 634.219 l
442.39 637.114 l
440.032 639.634 l
437.749 643.204 l
435.394 643.114 l
433.264 647.884 l
430.906 648.334 l
428.547 647.224 l
426.265 647.449 l
423.904 646.999 l
421.621 646.999 l
419.263 644.044 l
416.905 642.979 l
414.622 643.279 l
412.264 641.614 l
409.982 639.589 l
407.627 638.614 l
405.496 634.609 l
403.138 632.194 l
400.78 630.229 l
398.497 639.064 l
396.136 642.079 l
393.854 641.719 l
391.495 637.819 l
389.137 634.234 l
386.855 628.234 l
384.496 628.699 l
382.214 625.099 l
379.859 619.369 l
377.653 616.069 l
375.294 616.939 l
372.936 619.969 l
370.654 619.969 l
368.292 614.104 l
366.01 617.254 l
363.652 618.604 l
361.293 617.929 l
359.011 621.139 l
356.653 622.399 l
354.37 619.069 l
352.015 618.739 l
349.885 617.134 l
347.527 615.514 l
345.168 620.149 l
342.886 619.954 l
340.525 617.194 l
338.242 620.539 l
335.884 619.894 l
333.526 618.364 l
331.243 617.614 l
328.885 611.599 l
326.603 609.364 l
324.247 606.874 l
322.117 602.719 l
319.759 603.394 l
317.401 602.629 l
315.118 605.704 l
312.757 601.444 l
310.475 596.839 l
308.116 601.684 l
305.758 598.564 l
303.476 608.194 l
301.117 614.074 l
298.838 609.409 l
296.48 610.684 l
294.35 611.764 l
291.991 613.504 l
289.633 612.349 l
287.351 610.264 l
284.989 608.659 l
282.707 605.929 l
280.349 603.529 l
277.99 597.289 l
275.708 592.684 l
273.35 596.239 l
271.067 593.944 l
268.712 593.464 l
266.506 589.624 l
264.148 587.464 l
261.789 584.869 l
259.507 587.029 l
257.145 581.479 l
254.863 587.299 l
252.505 586.474 l
250.146 583.834 l
247.864 582.364 l
245.506 579.994 l
243.224 578.089 l
240.868 576.214 l
238.738 575.959 l
236.38 576.769 l
234.021 578.269 l
232.5 582.889 l
S
0 0.97 1 0.5 K
[]0 d
516.643 635.839 m
514.285 638.839 l
511.927 634.639 l
509.644 625.489 l
507.283 625.489 l
505 629.389 l
502.642 627.739 l
500.284 620.539 l
498.002 614.089 l
495.643 602.389 l
493.361 598.339 l
491.006 633.139 l
488.8 634.489 l
486.441 631.489 l
484.083 627.739 l
481.801 630.439 l
479.439 630.439 l
477.157 631.039 l
474.798 633.439 l
472.44 631.789 l
470.158 625.789 l
467.799 625.489 l
465.52 626.089 l
463.162 624.139 l
461.032 621.439 l
458.673 614.089 l
456.315 612.439 l
454.033 614.389 l
451.671 619.639 l
449.389 616.489 l
447.031 624.139 l
444.672 618.589 l
442.39 624.589 l
440.032 628.489 l
437.749 631.789 l
435.394 631.639 l
433.264 635.539 l
430.906 634.939 l
428.547 634.489 l
426.265 635.539 l
423.904 635.989 l
421.621 636.139 l
419.263 634.339 l
416.905 633.139 l
414.622 633.289 l
412.264 631.489 l
409.982 629.389 l
407.627 629.089 l
405.496 625.489 l
403.138 623.089 l
400.78 621.439 l
398.497 630.889 l
396.136 633.589 l
393.854 632.989 l
391.495 629.389 l
389.137 626.989 l
386.855 619.789 l
384.496 620.539 l
382.214 616.789 l
379.859 610.789 l
377.653 607.489 l
375.294 609.289 l
372.936 613.189 l
370.654 612.439 l
368.292 607.639 l
366.01 610.039 l
363.652 611.239 l
361.293 610.939 l
359.011 614.089 l
356.653 616.639 l
354.37 611.989 l
352.015 612.439 l
349.885 610.639 l
347.527 610.789 l
345.168 614.989 l
342.886 614.989 l
340.525 613.789 l
338.242 617.089 l
335.884 616.039 l
333.526 614.689 l
331.243 614.089 l
328.885 608.689 l
326.603 607.789 l
324.247 605.239 l
322.117 599.839 l
319.759 601.789 l
317.401 600.589 l
315.118 603.889 l
312.757 599.839 l
310.475 595.639 l
308.116 600.589 l
305.758 598.489 l
303.476 607.939 l
301.117 613.489 l
298.838 609.739 l
296.48 610.789 l
294.35 612.739 l
291.991 613.639 l
289.633 611.689 l
287.351 609.439 l
284.989 608.089 l
282.707 605.089 l
280.349 602.689 l
277.99 595.939 l
275.708 591.439 l
273.35 595.789 l
271.067 593.539 l
268.712 595.189 l
266.506 589.189 l
261.789 583.189 l
259.507 586.039 l
257.145 577.939 l
254.863 585.289 l
252.505 584.239 l
250.146 581.539 l
247.864 580.939 l
245.506 578.389 l
243.224 576.589 l
240.868 574.639 l
238.738 574.489 l
234.021 577.489 l
232.5 582.889 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 Emerging )Tj
0 -1.25 TD
(Markets Debt Portfolio Class E )Tj
T*
(Shares \(Acc.\) \(EUR-Hedged\))Tj
/F2 1 Tf
4 0 0 4 322.964 509.9892 Tm
-0.05 Tc
(\(5\))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
(JPM EMBI Global Diversied - )Tj
T*
(EUR Hedged)Tj
/F2 1 Tf
4 0 0 4 388.5 519.9892 Tm
-0.05 Tc
(\(4\))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 Global Emerging )Tj
T*
(Markets Bond - EUR Biased)Tj
/F2 1 Tf
4 0 0 4 545.364 519.9892 Tm
-0.05 Tc
(\(2\))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
-0.015 Tc
(Performance Summary \(%\))Tj
/F5 1 Tf
8 0 0 8 398.052 410.8892 Tm
0 0 0 1 k
-0.025 Tc
[(Cumulative)-8764(Annualised)]TJ
/F2 1 Tf
-6.669 -1.625 TD
[(Since Launch)-1334(1 Mth)-1220(3 Mths)-1575(YTD)]TJ
ET
q
465.5 393.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 406.389 m
469.5 381.389 l
S
Q
BT
8 0 0 8 479.748 397.8893 Tm
(1 Y)Tj
ET
q
0.2 i
470.5 393.389 20 11 re
W n
BT
8 0 0 8 488.476 397.8893 Tm
0 Tc
(r)Tj
ET
Q
BT
8 0 0 8 500.836 397.8893 Tm
[(3 Yrs)-1292(5 Yrs)-873(10 Yrs)]TJ
ET
q
212.5 380.389 128 13 re
W n
0.132 0.08 0.028 0 k
212.5 393.389 128 -13 re
f
Q
BT
8 0 0 8 217.5 384.8892 Tm
(Class E Shares \(Acc.\) \(EUR-Hedged\))Tj
4 0 0 4 312.884 388.3892 Tm
-0.05 Tc
(\(5\))Tj
ET
q
340.5 380.389 45 13 re
W n
0.132 0.08 0.028 0 k
340.5 393.389 45 -13 re
f
Q
BT
8 0 0 8 365.516 384.8892 Tm
-0.025 Tc
(35.30)Tj
ET
q
385.5 380.389 27 13 re
W n
0.132 0.08 0.028 0 k
385.5 393.389 27 -13 re
f
Q
BT
8 0 0 8 392.716 384.8892 Tm
(\(1.46\))Tj
ET
q
412.5 380.389 29 13 re
W n
0.132 0.08 0.028 0 k
412.5 393.389 29 -13 re
f
Q
BT
8 0 0 8 424.868 384.8892 Tm
(5.37)Tj
ET
q
441.5 380.389 24 13 re
W n
0.132 0.08 0.028 0 k
441.5 393.389 24 -13 re
f
Q
BT
8 0 0 8 445.716 384.8892 Tm
(\(1.46\))Tj
ET
q
465.5 380.389 5 13 re
W n
0.132 0.08 0.028 0 k
465.5 393.389 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
469.5 393.389 m
469.5 368.389 l
S
Q
q
470.5 380.389 25 13 re
W n
0.132 0.08 0.028 0 k
470.5 393.389 25 -13 re
f
Q
BT
8 0 0 8 478.868 384.8892 Tm
(0.67)Tj
ET
q
495.5 380.389 24 13 re
W n
0.132 0.08 0.028 0 k
495.5 393.389 24 -13 re
f
Q
BT
8 0 0 8 502.868 384.8892 Tm
(0.05)Tj
ET
q
519.5 380.389 24 13 re
W n
0.132 0.08 0.028 0 k
519.5 393.389 24 -13 re
f
Q
BT
8 0 0 8 526.868 384.8892 Tm
(3.05)Tj
ET
q
543.5 380.389 24 13 re
W n
0.132 0.08 0.028 0 k
543.5 393.389 24 -13 re
f
Q
BT
8 0 0 8 550.868 384.8892 Tm
(3.66)Tj
-41.671 -1.625 TD
(JPM EMBI Global Diversied - EUR Hedged)Tj
4 0 0 4 334.9799 375.3892 Tm
-0.05 Tc
(\(4\))Tj
8 0 0 8 365.516 371.8892 Tm
-0.025 Tc
[(52.51)-1527(\(1.16\))-2171(4.29)-1152(\(1.16\))]TJ
ET
q
465.5 367.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 380.389 m
469.5 355.389 l
S
Q
BT
8 0 0 8 478.868 371.8892 Tm
(0.9)Tj
ET
q
0.2 i
470.5 367.389 20 11 re
W n
BT
8 0 0 8 487.148 371.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 502.868 371.8892 Tm
[(2.09)-1546(4.5)]TJ
ET
q
0.2 i
519.5 367.389 19 11 re
W n
BT
8 0 0 8 535.148 371.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 550.868 371.8892 Tm
(4.80)Tj
ET
q
212.5 343.889 128 23.5 re
W n
0.132 0.08 0.028 0 k
212.5 367.389 128 -23.5 re
f
Q
BT
8 0 0 8 217.5 358.8892 Tm
(Morningstar Global Emerging Markets Bond - )Tj
0 -1.3125 TD
(EUR Biased)Tj
4 0 0 4 248.82 351.8892 Tm
-0.05 Tc
(\(2\))Tj
ET
0.132 0.08 0.028 0 k
340.5 367.389 45 -23.5 re
f
q
385.5 343.889 27 23.5 re
W n
385.5 367.389 27 -23.5 re
f
Q
BT
8 0 0 8 392.716 358.8892 Tm
0 0 0 1 k
-0.025 Tc
(\(0.89\))Tj
ET
q
412.5 343.889 29 23.5 re
W n
0.132 0.08 0.028 0 k
412.5 367.389 29 -23.5 re
f
Q
BT
8 0 0 8 424.868 358.8892 Tm
(5.06)Tj
ET
0.132 0.08 0.028 0 k
441.5 367.389 24 -23.5 re
f
BT
8 0 0 8 445.716 358.8892 Tm
0 0 0 1 k
(\(0.89\))Tj
ET
q
465.5 343.889 5 23.5 re
W n
0.132 0.08 0.028 0 k
465.5 367.389 5 -23.5 re
f
0 0 0 1 K
1 w [2 2 ]2 d
469.5 367.389 m
469.5 342.389 l
S
Q
0.132 0.08 0.028 0 k
470.5 367.389 25 -23.5 re
f
BT
8 0 0 8 478.868 358.8892 Tm
0 0 0 1 k
(1.42)Tj
ET
0.132 0.08 0.028 0 k
495.5 367.389 24 -23.5 re
f
BT
8 0 0 8 502.868 358.8892 Tm
0 0 0 1 k
(0.96)Tj
ET
0.132 0.08 0.028 0 k
519.5 367.389 24 -23.5 re
f
BT
8 0 0 8 526.868 358.8892 Tm
0 0 0 1 k
(3.72)Tj
ET
0.132 0.08 0.028 0 k
543.5 367.389 24 -23.5 re
f
BT
8 0 0 8 550.868 358.8892 Tm
0 0 0 1 k
(3.46)Tj
-41.671 -2.9375 TD
(Quartile Position in Sector)Tj
4 0 0 4 287.62 338.8892 Tm
-0.05 Tc
(\(2\))Tj
ET
q
0.2 i
385.5 330.889 22 11 re
W n
BT
8 0 0 8 404.148 335.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 433.148 335.3892 Tm
0 Tc
(2)Tj
ET
q
0.2 i
441.5 330.889 19 11 re
W n
BT
8 0 0 8 457.148 335.3892 Tm
(4)Tj
ET
Q
q
465.5 330.889 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 343.889 m
469.5 318.889 l
S
Q
BT
8 0 0 8 487.148 335.3892 Tm
(3)Tj
ET
q
0.2 i
495.5 330.889 19 11 re
W n
BT
8 0 0 8 511.148 335.3892 Tm
(4)Tj
ET
Q
q
0.2 i
519.5 330.889 19 11 re
W n
BT
8 0 0 8 535.148 335.3892 Tm
(4)Tj
ET
Q
BT
8 0 0 8 559.1479 335.3892 Tm
(2)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
-0.015 Tc
(Calendar Year Performance \(%\))Tj
/F2 1 Tf
8 0 0 8 449.092 299.8892 Tm
0 0 0 1 k
-0.025 Tc
[(2016)-1449(2017)-1449(2018)-1449(2019)-1449(2020)]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 E Shares \(Acc.\) \(EUR-Hedged\))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 8 454.22 286.8892 Tm
(7.8)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
(6.2)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 8 498.844 286.8892 Tm
(-10.3)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
(9.6)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
(3.7)Tj
-42.09 -1.625 TD
[(JPM EMBI Global Diversied - EUR Hedged)-14905(8.3)-2090(8.1)-1837(-7.0)-1671(11.7)-2090(3.5)]TJ
/F5 1 Tf
0 -16.7987 TD
(Please see Additional Notes. All performance and holdings data as at 31-Jan-21.)Tj
0 -1.3125 TD
0 Tc
[(Past performance does not guarantee future results, which may vary)37(.)]TJ
/F2 1 Tf
0 -1.25 TD
[(* W)18(e)0( identify two broad categories of funds to help investors think about how to construct their overall investment )]TJ
T*
[(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. There is no guarantee that these objectives will be met.)Tj
T*
(For regionally focused investment portfolios we understand that the categorisation may be different from the perspective )Tj
T*
(of different investors.)Tj
/F5 1 Tf
7.775 0 TD
( Consult your nancial adviser before investing to help determine if an investment in this )Tj
ET
q
0.2 i
217.5 24.5 350 110.5 re
W n
BT
8 0 0 8 217.5 29 Tm
(f)Tj
ET
Q
BT
8 0 0 8 219.724 29 Tm
(und and the amount of the investment would be suitable)Tj
/F2 1 Tf
22.61 0 TD
(.)Tj
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0 0 0 0 k
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0 0 0 1 k
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399.5 784.889 80 22.5 re
W n
399.5 807.389 80 -22.5 re
f
Q
BT
/F1 1 Tf
9 0 0 9 399.5 800.3892 Tm
1 0.84 0.31 0.17 k
0 Tc
(Overall Morningstar )Tj
0 -1.2222 TD
(Rating)Tj
4.5 0 0 4.5 422.504 792.8892 Tm
( TM)Tj
ET
q
0.6 i
399.5 776.889 80 8 re
W n
0.53 0.32 0.11 0 k
399.5 784.889 80 -8 re
f
Q
0 0 0 0 k
0.2 i
413.894 781.889 m
417.063 781.889 l
414.51 779.975 l
415.5 776.938 l
412.959 778.809 l
410.417 776.938 l
411.418 779.975 l
408.844 781.889 l
412.002 781.889 l
412.959 784.848 l
f
q
399.5 776.889 27 8 re
W n
402.658 781.89 m
399.5 781.89 l
402.074 779.976 l
401.073 776.939 l
403.615 778.81 l
406.156 776.939 l
405.166 779.976 l
407.719 781.89 l
404.55 781.89 l
403.615 784.848 l
f
423.331 781.89 m
426.5 781.89 l
423.947 779.976 l
424.937 776.939 l
422.396 778.81 l
419.854 776.939 l
420.855 779.976 l
418.281 781.89 l
421.439 781.89 l
422.396 784.849 l
f
Q
0 0.97 1 0.5 k
481.5 814.389 85 -58.5 re
f
q
0.6 i
481.5 755.889 42.5 58.5 re
W n
481.5 814.389 42.5 -58.5 re
f
Q
BT
/F3 1 Tf
36 0 0 36 485.568 777.3892 Tm
0 0.485 0.5 0.25 k
-0.0222 Tc
(01)Tj
ET
0 0.97 1 0.5 k
524 814.389 42.5 -58.5 re
f
BT
36 0 0 36 524 777.3892 Tm
0 0 0 0 k
(21)Tj
ET
q
0.6 i
481.5 728.389 85 40 re
W n
0 0.97 1 0.5 k
481.5 768.389 85 -40 re
f
Q
BT
10 0 0 10 491.5 760.3892 Tm
0 Tc
[(Monthly F)55(und )]TJ
0 -1.3 TD
(Update)Tj
ET
q
0.6 i
27.5 697.889 170 16.5 re
W n
1 0.84 0.31 0.17 k
27.5 714.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 31.5 703.3892 Tm
-0.015 Tc
(Financial Information)Tj
/F2 1 Tf
8 0 0 8 32.5 689.3892 Tm
0 0 0 1 k
-0.025 Tc
(Net Asset Value \(NAV\) - Class E Shares )Tj
0 -1.3125 TD
(\(Acc.\) \(EUR-Hedged\))Tj
14.2 1.3125 TD
[(EUR)-2502(13.53)]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 8 145.204 665.8892 Tm
(USD)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 8 177.516 665.8892 Tm
(6,617)Tj
-18.127 -1.625 TD
[(Current Duration of Portfolio \(years\))-6643(8.82)]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
(8.01)Tj
-18.546 -2.9375 TD
[(Yield To Maturity of Portfolio \(%\))-7457(4.91)]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 8 180.868 603.3893 Tm
(4.90)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
-0.015 Tc
(Fund Characteristics)Tj
/F2 1 Tf
8 0 0 8 32.5 567.8892 Tm
0 0 0 1 k
-0.025 Tc
(Currency - Class E Shares \(Acc.\) \(EUR-)Tj
0 -1.3125 TD
(Hedged\))Tj
18.575 1.3125 TD
(EUR)Tj
ET
q
0.6 i
27.5 529.389 120 23.5 re
W n
0.132 0.08 0.028 0 k
27.5 552.889 120 -23.5 re
f
Q
BT
8 0 0 8 32.5 544.3892 Tm
(Inception Date - Class E Shares \(Acc.\) )Tj
0 -1.3125 TD
(\(EUR-Hedged\))Tj
ET
q
0.6 i
147.5 529.389 50 23.5 re
W n
0.132 0.08 0.028 0 k
147.5 552.889 50 -23.5 re
f
Q
BT
8 0 0 8 164.092 544.3892 Tm
(10-Nov-10)Tj
-16.449 -2.9375 TD
[(Fund Domicile)-11079(Luxembourg)]TJ
ET
q
0.6 i
27.5 493.889 170 16.5 re
W n
1 0.84 0.31 0.17 k
27.5 510.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 31.5 499.3892 Tm
0 0 0 0 k
-0.015 Tc
(Fund Facts)Tj
/F2 1 Tf
8 0 0 8 32.5 482.3892 Tm
0 0 0 1 k
-0.025 Tc
(ISIN - Class E Shares \(Acc.\) \(EUR-)Tj
0 -1.3125 TD
(Hedged\))Tj
14.915 1.3125 TD
(LU0556703741)Tj
ET
q
0.6 i
27.5 443.889 115 23.5 re
W n
0.132 0.08 0.028 0 k
27.5 467.389 115 -23.5 re
f
Q
BT
8 0 0 8 32.5 458.8892 Tm
(Bloomberg Ticker - Class E Shares \(Acc.\) )Tj
0 -1.3125 TD
(\(EUR-Hedged\))Tj
ET
q
0.6 i
142.5 443.889 55 23.5 re
W n
0.132 0.08 0.028 0 k
142.5 467.389 55 -23.5 re
f
Q
BT
8 0 0 8 155.38 458.8892 Tm
(GSGLEMD L)Tj
ET
q
142.5 454.389 50 11 re
W n
BT
8 0 0 8 188.7 458.8892 Tm
0 Tc
(X)Tj
ET
Q
BT
8 0 0 8 32.5 435.3893 Tm
[(Dividend Distribution Frequency)-7437(None)]TJ
ET
q
0.6 i
27.5 417.889 115 13 re
W n
0.132 0.08 0.028 0 k
27.5 430.889 115 -13 re
f
Q
BT
8 0 0 8 32.5 422.3892 Tm
(Dealing and valuation)Tj
ET
q
0.6 i
142.5 417.889 55 13 re
W n
0.132 0.08 0.028 0 k
142.5 430.889 55 -13 re
f
Q
BT
8 0 0 8 178.836 422.3892 Tm
(Dail)Tj
ET
q
142.5 417.889 50 11 re
W n
BT
8 0 0 8 189.588 422.3892 Tm
0 Tc
(y)Tj
ET
Q
BT
8 0 0 8 32.5 409.3892 Tm
[(Reporting year end)-9065(30 Novembe)]TJ
ET
q
142.5 404.889 50 11 re
W n
BT
8 0 0 8 190.476 409.3892 Tm
0 Tc
(r)Tj
ET
Q
0.132 0.08 0.028 0 k
27.5 404.889 50 -23.5 re
f
BT
8 0 0 8 32.5 396.3893 Tm
0 0 0 1 k
(Reference )Tj
T*
(Benchmark)Tj
ET
q
0.6 i
77.5 381.389 120 23.5 re
W n
0.132 0.08 0.028 0 k
77.5 404.889 120 -23.5 re
f
Q
BT
8 0 0 8 97.604 396.3893 Tm
(JPM EMBI Global Diversied - EUR )Tj
9.236 -1.3125 TD
(Hedged)Tj
-17.374 -1.625 TD
[(Settlement)-14600(T + 3)]TJ
ET
q
0.6 i
212.5 697.889 170 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 714.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 703.3892 Tm
0 0 0 0 k
-0.015 Tc
(Sector Allocation \(%\))Tj
ET
q
0.6 i
397.5 697.889 170 16.5 re
W n
0.53 0.32 0.11 0 k
397.5 714.389 170 -16.5 re
f
Q
BT
10 0 0 10 401.5 703.3892 Tm
(Credit Allocation \(%\))Tj
ET
q
254 683.889 18 8 re
W n
0 0 0 1 K
0 J 0 j 0.5 w 10 M []0 d
/GS2 gs
270.846 685.91 m
262.45 689.837 254.582 689.142 y
254.5 691.889 m
254.5 686.272 l
269.281 688.483 m
271.19 685.895 l
268.035 684.594 l
S
Q
0 0.97 1 0.5 k
/GS2 gs
0.6 i
252.5 652.889 m
252.5 682.889 l
269.069 682.889 282.5 669.458 282.5 652.889 c
282.5 636.321 269.069 622.889 252.5 622.889 c
243.427 622.889 234.841 626.995 229.146 634.058 c
h
252.5 652.889 m
f
0 0 0 0 K
0 J 0 j 0.1 w 10 M []0 d
/GS1 gs
252.5 652.889 m
252.5 682.889 l
269.069 682.889 282.5 669.458 282.5 652.889 c
282.5 636.321 269.069 622.889 252.5 622.889 c
243.427 622.889 234.841 626.995 229.146 634.058 c
h
252.5 652.889 m
S
252.5 652.889 m
229.146 634.058 l
223.988 640.456 221.68 648.689 222.761 656.836 c
h
252.5 652.889 m
f
252.5 652.889 m
229.146 634.058 l
223.988 640.456 221.68 648.689 222.761 656.836 c
h
252.5 652.889 m
S
252.5 652.889 m
222.761 656.836 l
223.688 663.821 227.044 670.256 232.24 675.015 c
h
252.5 652.889 m
f
252.5 652.889 m
222.761 656.836 l
223.688 663.821 227.044 670.256 232.24 675.015 c
h
252.5 652.889 m
S
252.5 652.889 m
232.24 675.015 l
233.678 676.331 235.24 677.504 236.905 678.518 c
h
252.5 652.889 m
f
252.5 652.889 m
232.24 675.015 l
233.678 676.331 235.24 677.504 236.905 678.517 c
h
252.5 652.889 m
S
252.5 652.889 m
236.905 678.518 l
237.657 678.975 238.428 679.399 239.217 679.788 c
h
252.5 652.889 m
f
252.5 652.889 m
236.905 678.517 l
237.657 678.975 238.428 679.399 239.217 679.788 c
h
252.5 652.889 m
S
252.5 652.889 m
239.217 679.788 l
240.514 680.429 241.854 680.974 243.229 681.421 c
h
252.5 652.889 m
f
252.5 652.889 m
239.217 679.788 l
240.514 680.429 241.854 680.974 243.229 681.421 c
h
252.5 652.889 m
S
252.5 652.889 m
243.229 681.421 l
246.223 682.394 249.352 682.889 252.5 682.889 c
h
252.5 652.889 m
f
252.5 652.889 m
243.229 681.421 l
246.223 682.394 249.352 682.889 252.5 682.889 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
0 0.97 1 0.5 k
-0.0333 Tc
(64.2)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
(External Sovereign)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.5 TD
(12.9)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
(External Quasi-Sovereign)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.5 TD
(11.1)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
(External Corporate)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(3.1)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
(Supranational)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(1.4)Tj
ET
q
0.2 i
287.5 647.889 16 8 re
W n
BT
6 0 0 6 299.032 651.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 651.3892 Tm
0 0 0 1 k
(Local Sovereign)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(2.3)Tj
ET
q
0.2 i
287.5 638.889 16 8 re
W n
BT
6 0 0 6 299.032 642.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 642.3892 Tm
0 0 0 1 k
(Other)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(5.0)Tj
ET
q
0.2 i
287.5 629.889 16 8 re
W n
BT
6 0 0 6 299.032 633.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 633.3892 Tm
0 0 0 1 k
(Cash)Tj
ET
0 0 0 0.4 K
0.2 w
469.5 535.966 m
564.5 535.966 l
469.5 549.043 m
564.5 549.043 l
469.5 562.12 m
564.5 562.12 l
469.5 575.197 m
564.5 575.197 l
469.5 588.274 m
564.5 588.274 l
469.5 601.351 m
564.5 601.351 l
469.5 614.428 m
564.5 614.428 l
469.5 627.505 m
564.5 627.505 l
469.5 640.581 m
564.5 640.581 l
469.5 653.658 m
564.5 653.658 l
469.5 666.735 m
564.5 666.735 l
469.5 679.812 m
564.5 679.812 l
469.5 692.889 m
564.5 692.889 l
S
0 0.97 1 0.5 k
469.5 534.466 0.271 -10.077 re
f
BT
/F2 1 Tf
5 0 0 5 474.4414 527.4277 Tm
/Cs7 cs 0 scn
0 Tc
(0.1 )Tj
ET
0 0.97 1 0.5 k
469.5 547.543 13.571 -10.077 re
f
BT
5 0 0 5 487.7414 540.5046 Tm
/Cs7 cs 0 scn
(5.0 )Tj
ET
0 0.97 1 0.5 k
469.5 560.62 7.329 -10.077 re
f
BT
5 0 0 5 481.4985 553.5815 Tm
/Cs7 cs 0 scn
(2.7 )Tj
ET
0 0.97 1 0.5 k
469.5 573.697 0.543 -10.077 re
f
BT
5 0 0 5 474.7128 566.6584 Tm
/Cs7 cs 0 scn
(0.2 )Tj
ET
0 0.97 1 0.5 k
469.5 576.697 m
469.5 586.774 l
469.5 576.697 l
f
BT
5 0 0 5 474.17 579.7354 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0 0.97 1 0.5 k
469.5 599.851 0.543 -10.077 re
f
BT
5 0 0 5 474.7128 592.8123 Tm
/Cs7 cs 0 scn
(0.2 )Tj
ET
0 0.97 1 0.5 k
469.5 612.928 13.571 -10.077 re
f
BT
5 0 0 5 487.7414 605.8892 Tm
/Cs7 cs 0 scn
(5.0 )Tj
ET
0 0.97 1 0.5 k
469.5 626.005 56.186 -10.077 re
f
BT
5 0 0 5 529.2457 618.9661 Tm
/Cs7 cs 0 scn
(20.7 )Tj
ET
0 0.97 1 0.5 k
469.5 639.081 70.3 -10.077 re
f
BT
5 0 0 5 543.36 632.043 Tm
/Cs7 cs 0 scn
(25.9 )Tj
ET
0 0.97 1 0.5 k
469.5 652.158 78.443 -10.077 re
f
BT
5 0 0 5 551.5029 645.12 Tm
/Cs7 cs 0 scn
(28.9 )Tj
ET
0 0.97 1 0.5 k
469.5 665.235 15.471 -10.077 re
f
BT
5 0 0 5 489.6414 658.1969 Tm
/Cs7 cs 0 scn
(5.7 )Tj
ET
0 0.97 1 0.5 k
469.5 678.312 8.414 -10.077 re
f
BT
5 0 0 5 482.5843 671.2738 Tm
/Cs7 cs 0 scn
(3.1 )Tj
ET
0 0.97 1 0.5 k
469.5 691.389 6.514 -10.077 re
f
BT
5 0 0 5 480.6843 684.3507 Tm
/Cs7 cs 0 scn
(2.4 )Tj
ET
0 0 0 1 K
0.5 w
469.5 522.889 m
564.5 522.889 l
469.5 522.889 m
469.5 519.889 l
S
BT
5 0 0 5 468.39 513.8892 Tm
0 0 0 1 k
(0)Tj
ET
483.071 522.889 m
483.071 519.889 l
S
BT
5 0 0 5 481.9614 513.8892 Tm
(5)Tj
ET
496.643 522.889 m
496.643 519.889 l
S
BT
5 0 0 5 494.4229 513.8892 Tm
(10)Tj
ET
510.214 522.889 m
510.214 519.889 l
S
BT
5 0 0 5 507.9943 513.8892 Tm
(15)Tj
ET
523.786 522.889 m
523.786 519.889 l
S
BT
5 0 0 5 521.5657 513.8892 Tm
(20)Tj
ET
537.357 522.889 m
537.357 519.889 l
S
BT
5 0 0 5 535.1371 513.8892 Tm
(25)Tj
ET
550.929 522.889 m
550.929 519.889 l
S
BT
5 0 0 5 548.7086 513.8892 Tm
(30)Tj
ET
564.5 522.889 m
564.5 519.889 l
S
BT
5 0 0 5 562.28 513.8892 Tm
(35)Tj
ET
469.5 522.889 m
469.5 692.889 l
S
BT
6 0 0 6 397.5 527.9277 Tm
(Derivatives)Tj
0 2.1795 TD
(Cash)Tj
T*
(NR)Tj
T*
(D)Tj
T*
(C)Tj
T*
(CC)Tj
T*
(CCC)Tj
T*
(B)Tj
T*
(BB)Tj
T*
(BBB)Tj
T*
(A)Tj
T*
(AA)Tj
T*
(AAA)Tj
ET
q
212.5 491.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 507.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 496.8892 Tm
0 0 0 0 k
-0.015 Tc
(Region Bond Allocation \(%\))Tj
/F1 1 Tf
6 0 0 6 215.5 479.8892 Tm
0 0 0 1 k
-0.0333 Tc
[(Goldman Sachs Emerging Markets Debt Portfolio)-11031.3(JP Morgan EMBI Global Diversied )]TJ
ET
q
0.2 i
390 476.389 177 8 re
W n
BT
6 0 0 6 469.71 479.8892 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 471.178 479.8892 Tm
(Total Return, Unhedged, USD)Tj
ET
q
0.2 i
390 476.389 177 8 re
W n
BT
6 0 0 6 535.774 479.8892 Tm
0 Tc
(\))Tj
ET
Q
q
0.2 i
254 465.389 18 8 re
W n
/GS2 gs
270.846 467.41 m
262.45 471.337 254.582 470.642 y
254.5 473.389 m
254.5 467.772 l
269.281 469.983 m
271.19 467.395 l
268.035 466.094 l
S
Q
0 0.97 1 0.5 k
/GS2 gs
252.5 434.389 m
252.5 464.389 l
269.069 464.389 282.5 450.958 282.5 434.389 c
282.5 429.973 281.525 425.612 279.645 421.616 c
h
252.5 434.389 m
f
0 0 0 0 K
0.1 w
/GS1 gs
252.5 434.389 m
252.5 464.389 l
269.069 464.389 282.5 450.958 282.5 434.389 c
282.5 429.973 281.525 425.612 279.645 421.616 c
h
252.5 434.389 m
S
252.5 434.389 m
279.645 421.616 l
272.59 406.624 254.718 400.19 239.727 407.244 c
238.305 407.914 236.937 408.693 235.638 409.577 c
h
252.5 434.389 m
f
252.5 434.389 m
279.645 421.616 l
272.59 406.624 254.718 400.19 239.727 407.244 c
238.305 407.914 236.937 408.693 235.638 409.577 c
h
252.5 434.389 m
S
252.5 434.389 m
235.638 409.577 l
225.857 416.224 220.893 427.997 222.963 439.64 c
h
252.5 434.389 m
f
252.5 434.389 m
235.638 409.577 l
225.857 416.224 220.893 427.997 222.963 439.64 c
h
252.5 434.389 m
S
252.5 434.389 m
222.963 439.64 l
224.242 446.832 228.101 453.311 233.816 457.861 c
h
252.5 434.389 m
f
252.5 434.389 m
222.963 439.64 l
224.242 446.832 228.101 453.311 233.816 457.861 c
h
252.5 434.389 m
S
252.5 434.389 m
233.816 457.861 l
235.243 458.997 236.77 460 238.379 460.858 c
h
252.5 434.389 m
f
252.5 434.389 m
233.816 457.861 l
235.243 458.997 236.77 460 238.379 460.858 c
h
252.5 434.389 m
S
252.5 434.389 m
238.379 460.858 l
239.932 461.687 241.555 462.377 243.229 462.921 c
h
252.5 434.389 m
f
252.5 434.389 m
238.379 460.858 l
239.932 461.687 241.555 462.377 243.229 462.921 c
h
252.5 434.389 m
S
252.5 434.389 m
243.229 462.921 l
246.223 463.894 249.352 464.389 252.5 464.389 c
h
252.5 434.389 m
f
252.5 434.389 m
243.229 462.921 l
246.223 463.894 249.352 464.389 252.5 464.389 c
h
252.5 434.389 m
S
0 0 0 0 k
267.5 434.389 m
267.5 442.673 260.784 449.389 252.5 449.389 c
244.216 449.389 237.5 442.673 237.5 434.389 c
237.5 426.105 244.216 419.389 252.5 419.389 c
260.784 419.389 267.5 426.105 267.5 434.389 c
f
267.5 434.389 m
267.5 442.674 260.784 449.389 252.5 449.389 c
244.216 449.389 237.5 442.674 237.5 434.389 c
237.5 426.105 244.216 419.389 252.5 419.389 c
260.784 419.389 267.5 426.105 267.5 434.389 c
S
BT
/F5 1 Tf
6 0 0 6 290.508 468.8892 Tm
0 0.97 1 0.5 k
(32.0)Tj
ET
q
0.2 i
287.5 465.389 16 8 re
W n
BT
6 0 0 6 299.032 468.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 468.8892 Tm
0 0 0 1 k
(Latin America)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.5 TD
(27.5)Tj
ET
q
0.2 i
287.5 456.389 16 8 re
W n
BT
6 0 0 6 299.032 459.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 459.8892 Tm
0 0 0 1 k
(Middle East/Africa)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.5 TD
(18.3)Tj
ET
q
0.2 i
287.5 447.389 16 8 re
W n
BT
6 0 0 6 299.032 450.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 450.8892 Tm
0 0 0 1 k
(Central & Eastern Europe)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.5 TD
(11.5)Tj
ET
q
0.2 i
287.5 438.389 16 8 re
W n
BT
6 0 0 6 299.032 441.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 441.8893 Tm
0 0 0 1 k
(Asia)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(2.9)Tj
ET
q
0.2 i
287.5 429.389 16 8 re
W n
BT
6 0 0 6 299.032 432.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 432.8893 Tm
0 0 0 1 k
(Supranationals)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(2.8)Tj
ET
q
0.2 i
287.5 420.389 16 8 re
W n
BT
6 0 0 6 299.032 423.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 423.8893 Tm
0 0 0 1 k
(North America)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.721 -1.5 TD
(-0.1)Tj
ET
q
0.2 i
287.5 411.389 16 8 re
W n
BT
6 0 0 6 299.032 414.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 414.8893 Tm
0 0 0 1 k
(Western Europe)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(5.0)Tj
ET
q
0.2 i
287.5 402.389 16 8 re
W n
BT
6 0 0 6 299.032 405.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 405.8893 Tm
0 0 0 1 k
(Cash)Tj
ET
q
0.2 i
431.5 465.389 18 8 re
W n
0 0 0 1 K
0.5 w
/GS2 gs
448.346 467.41 m
439.95 471.337 432.082 470.642 y
432 473.389 m
432 467.772 l
446.781 469.983 m
448.69 467.395 l
445.535 466.094 l
S
Q
0.92 0.73 0.2 0.05 k
/GS2 gs
430 434.389 m
430 464.389 l
446.569 464.389 460 450.958 460 434.389 c
460 430.037 459.053 425.736 457.225 421.787 c
h
430 434.389 m
f
/GS1 gs
430 434.389 m
430 464.389 l
446.569 464.389 460 450.958 460 434.389 c
460 430.037 459.053 425.736 457.225 421.787 c
h
430 434.389 m
S
430 434.389 m
457.225 421.787 l
450.264 406.751 432.433 400.204 417.397 407.165 c
413.851 408.806 410.66 411.125 408.002 413.991 c
h
430 434.389 m
f
430 434.389 m
457.225 421.787 l
450.264 406.751 432.433 400.204 417.397 407.165 c
413.851 408.806 410.66 411.125 408.002 413.991 c
h
430 434.389 m
S
430 434.389 m
408.002 413.991 l
400.928 421.62 398.311 432.369 401.088 442.396 c
h
430 434.389 m
f
430 434.389 m
408.002 413.991 l
400.928 421.62 398.311 432.369 401.088 442.396 c
h
430 434.389 m
S
430 434.389 m
401.088 442.396 l
404.669 455.325 416.397 464.304 429.812 464.389 c
h
430 434.389 m
f
430 434.389 m
401.088 442.396 l
404.669 455.325 416.397 464.304 429.812 464.389 c
h
430 434.389 m
S
430 434.389 m
429.812 464.389 l
429.874 464.389 429.937 464.389 430 464.389 c
h
430 434.389 m
f
430 434.389 m
429.812 464.389 l
429.874 464.389 429.937 464.389 430 464.389 c
h
430 434.389 m
S
0 0 0 0 k
445 434.389 m
445 442.673 438.284 449.389 430 449.389 c
421.716 449.389 415 442.673 415 434.389 c
415 426.105 421.716 419.389 430 419.389 c
438.284 419.389 445 426.105 445 434.389 c
f
445 434.389 m
445 442.674 438.284 449.389 430 449.389 c
421.716 449.389 415 442.674 415 434.389 c
415 426.105 421.716 419.389 430 419.389 c
438.284 419.389 445 426.105 445 434.389 c
S
BT
/F5 1 Tf
6 0 0 6 468.008 468.8892 Tm
0.92 0.73 0.2 0.05 k
(31.9)Tj
ET
q
0.2 i
465 465.389 16 8 re
W n
BT
6 0 0 6 476.532 468.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 468.8892 Tm
0 0 0 1 k
(Latin America)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.5 TD
(31.2)Tj
ET
q
0.2 i
465 456.389 16 8 re
W n
BT
6 0 0 6 476.532 459.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 459.8892 Tm
0 0 0 1 k
(Middle East/Africa)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.5 TD
(16.2)Tj
ET
q
0.2 i
465 447.389 16 8 re
W n
BT
6 0 0 6 476.532 450.8892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 450.8892 Tm
0 0 0 1 k
(Central & Eastern Europe)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.5 TD
(20.6)Tj
ET
q
0.2 i
465 438.389 16 8 re
W n
BT
6 0 0 6 476.532 441.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 441.8893 Tm
0 0 0 1 k
(Asia)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(0.0)Tj
ET
q
0.2 i
465 429.389 16 8 re
W n
BT
6 0 0 6 476.532 432.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 432.8893 Tm
0 0 0 1 k
(Supranationals)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(0.1)Tj
ET
q
0.2 i
465 420.389 16 8 re
W n
BT
6 0 0 6 476.532 423.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 423.8893 Tm
0 0 0 1 k
(North America)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(0.0)Tj
ET
q
0.2 i
465 411.389 16 8 re
W n
BT
6 0 0 6 476.532 414.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 414.8893 Tm
0 0 0 1 k
(Western Europe)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(0.0)Tj
ET
q
0.2 i
465 402.389 16 8 re
W n
BT
6 0 0 6 476.532 405.8893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 405.8893 Tm
0 0 0 1 k
(Cash)Tj
/F5 1 Tf
8 0 0 8 217.5 179.5 Tm
-0.025 Tc
(Please see Additional Notes. All performance and holdings data as at 31-Jan-21. Past performance does not )Tj
0 -1.25 TD
(guarantee future results, which may vary. The value of investments and the income derived from investments will )Tj
ET
q
0.2 i
217.5 155 350 30.5 re
W n
BT
8 0 0 8 217.5 159.5 Tm
0 Tc
()Tj
ET
Q
BT
8 0 0 8 221.3 159.5 Tm
(uctuate and can go down as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 152 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 149 Tm
(Effective May 31, 2016, the portfolio name changed from Goldman Sachs Growth & Emerging Markets Debt Portfolio )Tj
-0.444 -1.25 TD
(to Goldman Sachs Emerging Markets Debt Portfolio.)Tj
4 0 0 4 369.884 142 Tm
( \(2\))Tj
8 0 0 8 374.324 139 Tm
(The Morningstar sector average gures are calculated using all )Tj
-19.603 -1.25 TD
(open funds available in the universe at the indicated time period. The number of funds in a Morningstar sector varies )Tj
T*
[(over time as new funds are launched and funds close. Source: Morningstar 2021 Morningstar)70(, Inc. All Rights )]TJ
T*
(Reserved.)Tj
4 0 0 4 247.708 112 Tm
( \(3\))Tj
8 0 0 8 252.148 109 Tm
[(The ongoing charges gure is based on expenses during the previous year)70(. See details in the Key Investor )]TJ
-4.331 -1.25 TD
(Information Document.)Tj
4 0 0 4 285.476 102 Tm
( \(4\))Tj
8 0 0 8 289.916 99 Tm
(The JP Morgan Emerging Markets Bond Index - Global Diversied is calculated, for )Tj
-9.052 -1.25 TD
(performance purposes, 1 day prior to month-end to more closely resemble the timing of the security prices in the Global )Tj
T*
(Emerging Markets Debt Portfolio. The Index is quoted daily with income reinvested and, in contrast to the Portfolio, is )Tj
T*
(shown without the deduction of expenses.)Tj
4 0 0 4 341.876 72 Tm
( \(5\))Tj
8 0 0 8 346.316 69 Tm
(Fund returns are shown net of applicable ongoing fees within the portfolio, )Tj
-16.102 -1.25 TD
[(with dividends re-invested using the ex-dividend NA)37(V)100(.)0( These returns are for comparison of performance against specied )]TJ
T*
(index. As the investor may be liable to other fees, charges and taxes, they are not meant to provide a measure of actual )Tj
T*
(return to investors. The performance data do not take account of the commissions and costs incurred on the issue and )Tj
T*
(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
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(Goldman Sachs Emerging Markets Debt Portfolio)Tj
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(Important Risk Considerations)Tj
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(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
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()Tj
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(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
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()Tj
/F5 1 Tf
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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
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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
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()Tj
/F5 1 Tf
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0 0 0 1 k
(Emerging markets risk)Tj
/F1 1 Tf
8 0 0 8 114.9265 616.3892 Tm
( emerging markets are likely to bear higher risk due to lower liquidity and possible lack of adequate nancial, legal, social, )Tj
48.817 0 TD
(political and )Tj
-58.4953 -1.3125 TD
(economic structures, protection and stability as well as uncertain tax positions.)Tj
/F6 1 Tf
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()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 593.8892 Tm
0 0 0 1 k
(Exchange rate risk)Tj
/F1 1 Tf
8 0 0 8 102.185 593.8892 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 27.5 560.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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0 0 0 1 k
(Interest rate risk)Tj
/F1 1 Tf
8 0 0 8 94.6285 560.8892 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 27.5 538.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 538.3892 Tm
0 0 0 1 k
(Leverage risk)Tj
/F1 1 Tf
8 0 0 8 84.233 538.3892 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 27.5 505.3892 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
(Liquidity risk)Tj
/F1 1 Tf
8 0 0 8 82.3545 505.3892 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 27.5 482.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 482.8892 Tm
0 0 0 1 k
(Market risk)Tj
/F1 1 Tf
8 0 0 8 77.6285 482.8892 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 27.5 470.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 470.8892 Tm
0 0 0 1 k
(Operational risk)Tj
/F1 1 Tf
8 0 0 8 93.2175 470.8892 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 27.5 458.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 458.8892 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 458.8892 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 27.5 320.3892 Tm
0.53 0.32 0.11 0 k
(Glossary)Tj
ET
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27.5 312.889 m
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6 0 0 6 27.5 291.3892 Tm
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 291.3892 Tm
0 0 0 1 k
(Beta)Tj
/F1 1 Tf
8 0 0 8 53.5565 291.3892 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 27.5 268.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 268.8892 Tm
0 0 0 1 k
(Duration of the Portfolio)Tj
/F1 1 Tf
8 0 0 8 120.1455 268.8892 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 27.5 235.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 235.8892 Tm
0 0 0 1 k
(Excess returns)Tj
/F1 1 Tf
8 0 0 8 88.483 235.8892 Tm
( The return of the fund in excess of the benchmark/index return \(annualised\).)Tj
/F6 1 Tf
6 0 0 6 27.5 223.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 223.8892 Tm
0 0 0 1 k
(Historical tracking error)Tj
/F1 1 Tf
8 0 0 8 121.072 223.8892 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 27.5 201.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 201.3892 Tm
0 0 0 1 k
(Historical Volatility of Portfolio)Tj
/F1 1 Tf
8 0 0 8 144.7105 201.3892 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
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/F6 1 Tf
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/F5 1 Tf
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53.153 0 TD
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48.514 0 TD
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/F5 1 Tf
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/F1 1 Tf
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( Represents the net assets of the fund \(ex-dividend\) divided by the total number of shares issued by the fund.)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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/F1 1 Tf
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50.54 0 TD
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/F6 1 Tf
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0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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/F1 1 Tf
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50.652 0 TD
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/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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(2)Tj
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52.433 0 TD
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/F5 1 Tf
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8 0 0 8 27.5 761.8892 Tm
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(This material is a nancial promotion and has been issued by Goldman Sachs International, authorised by the Prudential Regulati)Tj
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47.3523 0 TD
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-47.3523 -1.3125 TD
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(independence of nancial analysis and is not subject to a prohibition on trading following the distribution of nancial researc)Tj
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(in whole or in part without the prior written consent of )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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(Offering Documents)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
-52.1758 -1.3125 TD
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(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
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(onstitute an offer to buy shares in the fund. Prior to an )Tj
-46.0203 -1.3125 TD
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(investment, prospective investors should carefully read the latest Key Investor Information Document \(KIID\) as well as the offe)Tj
46.4653 0 TD
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46.2383 0 TD
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-46.2383 -1.3125 TD
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/F5 1 Tf
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/F1 1 Tf
8.1455 0 TD
0.0001 Tw
(: Shares of the fund may not be registered for public distribution in a number of jurisdictions \(including but not limited to a)Tj
44.2983 0 TD
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(ny Latin American, African or Asian )Tj
-52.4438 -1.3125 TD
0.0001 Tw
(countries\). Therefore, the shares of the fund must not be marketed or offered in or to residents of any such jurisdictions unle)Tj
45.5193 0 TD
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(ss such marketing or offering is made in compliance with )Tj
-45.5193 -1.3125 TD
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(applicable exemptions for the private placement of collective investment schemes and other applicable jurisdictional rules and )Tj
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/F5 1 Tf
-46.8523 -1.375 TD
0.0001 Tw
(Investment Advice and Potential Loss)Tj
/F1 1 Tf
14.04 0 TD
(: Financial advisers generally suggest a diversied portfolio of investments. The fund described herein does not represent a di)Tj
46.1273 0 TD
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(versied )Tj
-60.1673 -1.3125 TD
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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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/F5 1 Tf
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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
/F1 1 Tf
5.3728 0 TD
(: Please note that the fund operates a swing pricing policy. Investors should be aware that from time to time this may result i)Tj
45.4633 0 TD
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8 0 0 8 27.5 558.8892 Tm
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(t)Tj
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8 0 0 8 29.474 558.8892 Tm
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(o the reference benchmark based solely on the effect of swing pricing rather than price developments of underlying instruments.)Tj
-0.2467 -1.375 TD
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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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(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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(The relevant articles of association, prospectus, supplement and key investor information document \(KIID\) and latest annual/sem)Tj
48.1373 0 TD
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-48.1373 -1.3125 TD
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0 -1.375 TD
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(Austria)Tj
/F1 1 Tf
2.7253 0 TD
0.0001 Tw
(: Raiffeisen Bank International AG, Am Stadtpark 9, A-1030 Wien, Austria.)Tj
/F5 1 Tf
-2.7253 -1.375 TD
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(Belgium)Tj
/F1 1 Tf
3.1702 0 TD
0.0001 Tw
(: RBC Investor Services, Place Rogier II, 1210 Brussels, Belgium.)Tj
/F5 1 Tf
-3.1702 -1.375 TD
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(Denmark)Tj
/F1 1 Tf
3.4473 0 TD
0.0001 Tw
(: Stockrate Asset Management, Mollevej 9 E2, DK-2990 Niva, Denmark.)Tj
/F5 1 Tf
-3.4473 -1.375 TD
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(France)Tj
/F1 1 Tf
2.5895 0 TD
0.0001 Tw
(: RBC Investor Services Bank France, 105, rue Raumur, 75002 Paris, France.)Tj
/F5 1 Tf
-2.5895 -1.375 TD
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(Germany)Tj
/F1 1 Tf
3.3912 0 TD
(: State Street Bank GmbH, Brienner Strasse 59, 80333 Munich, Germany.)Tj
/F5 1 Tf
-3.3912 -1.375 TD
(Greece)Tj
/F1 1 Tf
2.7565 0 TD
(: Piraeus Bank S.A., 4 Amerikis Street, 10564 Athens, Greece.)Tj
/F5 1 Tf
-2.7565 -1.375 TD
(Ireland)Tj
/F1 1 Tf
2.6702 0 TD
0.0001 Tw
(: RBC Investor Services Ireland Limited, George's Quay House, 43 Townsend Street, Dublin 2, Ireland.)Tj
/F5 1 Tf
-2.6702 -1.375 TD
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(Italy)Tj
/F1 1 Tf
1.6217 0 TD
0.0001 Tw
(: Socit Gnrale Securities Services, Maciachini Center MAC 2, Via Benigno Crespi, 19/A, 20159 Milan, Italy; AllFunds Bank )Tj
46.8493 0 TD
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(S.A. Filiale di Milano, Via Santa Margherita 7, 20121 )Tj
-48.471 -1.3125 TD
0.0001 Tw
(Milan, Italy; RBC Investor Services Bank Milan- Milan Branch, Cia Vittor Pisani, 26, 20154 Milan, Italy; State Street Bank S.pA)Tj
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(., Via Col Moschin, 16 , 20136 Milan, Italy; BNP Paribas )Tj
-45.6843 -1.3125 TD
(Securities Services Succursale di Milano, Via Ansperto 5, 20121 Milan, Italy; Banca Sella, Piazza Gaudenzio Sella 1, 13900 Bie)Tj
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(lla Bl., Italy.)Tj
/F5 1 Tf
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(Luxembourg)Tj
/F1 1 Tf
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(: State Street Bank International GmbH, Luxembourg Branch, 49, avenue J.F. Kennedy, L-1855 Luxembourg.)Tj
/F5 1 Tf
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(Sweden)Tj
/F1 1 Tf
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(: Skandinaviska Enskilda Banken AB, through its entity Global Transaction Services, SEB Merchant Banking, Sergels Torg 2, ST MH)Tj
48.3503 0 TD
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(1, SE-106 40 Stockholm, Sweden.)Tj
/F5 1 Tf
-51.4968 -1.375 TD
(Switzerland)Tj
/F1 1 Tf
4.5462 0 TD
0.0001 Tw
(: 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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(Claridenstrasse 25, 8022 Zurich. The Key Investor Information Document \(KIID\) as well as the annual and semi-annual reports of )Tj
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(the fund may be obtained free of charge at the Swiss )Tj
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(Representative or Goldman Sachs Bank AG in Zurich.)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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(Hong Kong)Tj
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/F5 1 Tf
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(Netherlands)Tj
/F1 1 Tf
4.6562 0 TD
0.0001 Tw
(: The fund is included in the register kept by the Stichting Autoriteit Financile Markten.)Tj
/F5 1 Tf
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(Singapore)Tj
/F1 1 Tf
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(: This material has been issued or approved for use in or from Singapore by Goldman Sachs Asset Management \(Singapore\) Pte. Ltd)Tj
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(. \(Company Number: 201329851H\).)Tj
/F5 1 Tf
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(Spain)Tj
/F1 1 Tf
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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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(ription and KIID for the fund and other mandatory )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
/F5 1 Tf
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/F1 1 Tf
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( 2021 Goldman Sachs. All rights reserved.)Tj
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