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532.608 644.172 l
529.055 649.583 l
525.503 649.066 l
522.066 638.198 l
518.513 648.807 l
515.08 642.507 l
511.528 641.449 l
508.32 636.117 l
504.767 623.809 l
501.215 637.377 l
497.778 636.117 l
494.221 652.609 l
490.783 652.497 l
487.231 651.619 l
483.678 646.703 l
480.241 648.345 l
476.688 648.987 l
473.251 646.579 l
469.703 651.439 l
466.495 660.225 l
462.943 649.527 l
459.39 646.681 l
455.953 643.215 l
452.396 640.088 l
448.958 636.117 l
445.406 636.263 l
441.854 631.651 l
438.416 631.156 l
434.864 626.498 l
431.426 622.819 l
427.878 620.558 l
424.67 616.834 l
421.118 612.357 l
417.565 609.286 l
414.128 608.723 l
410.571 612.3 l
407.133 611.704 l
403.581 611.468 l
400.029 604.2 l
396.591 607.992 l
393.039 608.026 l
389.601 605.978 l
386.054 596.213 l
382.731 595.977 l
379.178 607.114 l
375.626 609.645 l
372.188 611.277 l
368.631 599.723 l
365.194 606.259 l
361.641 616.845 l
358.089 615.293 l
354.652 619.129 l
351.099 618.837 l
347.662 613.819 l
344.114 616.452 l
340.906 608.228 l
337.353 610.804 l
333.801 613.808 l
330.363 610.276 l
326.806 610.86 l
323.369 616.171 l
319.817 614.325 l
316.264 616.879 l
312.827 614.337 l
309.274 611.457 l
305.837 610.602 l
302.289 611.007 l
299.081 603.199 l
295.529 609.196 l
291.976 606.541 l
288.539 603.964 l
284.982 599.138 l
281.544 591.645 l
277.992 594.255 l
274.439 587.618 l
271.002 592.276 l
267.45 591.533 l
264.017 587.809 l
260.464 585.627 l
257.256 587.033 l
253.704 580.373 l
250.151 577.83 l
246.714 576.289 l
243.157 576.897 l
239.719 573.263 l
236.167 570.417 l
232.615 568.617 l
232.5 564.139 l
S
1 0.84 0.31 0.17 K
[4 2 ]0 d
539.602 662.115 m
536.045 656.704 l
532.608 651.203 l
529.055 656.873 l
525.503 657.391 l
522.066 646.219 l
518.513 656.85 l
515.08 652.272 l
511.528 651.203 l
508.32 647.614 l
504.767 634.249 l
501.215 645.173 l
497.778 641.595 l
494.221 655.287 l
490.783 654.556 l
487.231 654.702 l
483.678 649.729 l
480.241 651.957 l
476.688 654.128 l
473.251 651.428 l
469.703 654.589 l
466.495 663.972 l
462.943 653.239 l
459.39 649.921 l
455.953 647.097 l
452.396 643.722 l
448.958 641.112 l
445.406 639.368 l
441.854 633.766 l
438.416 633.349 l
434.864 628.714 l
431.426 625.891 l
427.878 623.269 l
424.67 618.375 l
421.118 614.348 l
417.565 610.377 l
414.128 612.334 l
410.571 614.641 l
407.133 613.864 l
403.581 612.728 l
400.029 606.158 l
396.591 605.843 l
393.039 607.069 l
389.601 604.999 l
386.054 593.311 l
382.731 593.682 l
379.178 602.041 l
375.626 603.987 l
372.188 606.214 l
368.631 595.74 l
365.194 600.432 l
361.641 611.446 l
358.089 611.941 l
354.652 615.867 l
351.099 616.992 l
347.662 610.197 l
344.114 612.289 l
340.906 605.269 l
337.353 606.36 l
333.801 609.713 l
330.363 607.632 l
326.806 606.889 l
323.369 612.582 l
319.817 609.972 l
316.264 611.311 l
312.827 607.902 l
309.274 604.268 l
305.837 602.659 l
302.289 600.825 l
299.081 594.627 l
295.529 600.364 l
291.976 598.902 l
288.539 597.495 l
284.982 591.544 l
281.544 584.153 l
277.992 587.112 l
274.439 581.588 l
271.002 585.424 l
267.45 587.247 l
264.017 582.983 l
260.464 580.587 l
257.256 581.082 l
253.704 575.378 l
250.151 572.239 l
246.714 571.193 l
243.157 571.699 l
239.719 567.829 l
236.167 565.208 l
232.615 564.139 l
232.5 564.139 l
S
0 0.59 1 0.18 K
[]0 d
539.602 659.652 m
536.045 653.802 l
532.608 648.177 l
529.055 653.239 l
525.503 653.802 l
522.066 642.664 l
518.513 653.014 l
515.08 648.964 l
511.528 648.064 l
508.32 644.802 l
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501.215 642.102 l
497.778 638.614 l
494.221 652.002 l
490.783 651.102 l
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483.678 646.264 l
480.241 648.177 l
476.688 650.314 l
473.251 647.727 l
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466.495 659.764 l
462.943 649.527 l
459.39 646.039 l
455.953 643.002 l
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445.406 635.464 l
441.854 630.064 l
438.416 629.839 l
434.864 625.339 l
431.426 622.414 l
427.878 619.939 l
424.67 615.439 l
421.118 611.164 l
417.565 607.452 l
414.128 609.589 l
410.571 611.952 l
407.133 611.277 l
403.581 610.264 l
400.029 604.077 l
396.591 603.289 l
393.039 604.189 l
389.601 602.389 l
386.054 590.914 l
382.731 591.252 l
379.178 599.802 l
375.626 600.927 l
372.188 603.064 l
368.631 592.939 l
365.194 598.452 l
361.641 608.352 l
358.089 608.577 l
354.652 612.627 l
351.099 613.977 l
347.662 607.677 l
344.114 609.927 l
340.906 603.177 l
337.353 604.189 l
333.801 607.564 l
330.363 605.539 l
326.806 604.639 l
323.369 610.264 l
319.817 607.677 l
316.264 609.139 l
309.274 602.277 l
305.837 600.814 l
302.289 598.902 l
299.081 592.939 l
295.529 598.789 l
291.976 597.327 l
288.539 596.089 l
284.982 590.127 l
281.544 582.927 l
277.992 586.077 l
274.439 580.677 l
271.002 584.164 l
267.45 586.077 l
264.017 581.914 l
260.464 579.664 l
257.256 580.227 l
253.704 574.827 l
250.151 572.014 l
246.714 570.889 l
243.157 571.452 l
239.719 567.852 l
236.167 565.264 l
232.615 564.139 l
232.5 564.139 l
S
q
226.5 487.389 8 45.5 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 GIVI Global )Tj
0 -1.25 TD
(Equity - Growth Markets Tilt )Tj
T*
(Portfolio Class I Shares \(Acc.\) )Tj
T*
(\(Close\))Tj
/F2 1 Tf
4 0 0 4 258.324 499.9892 Tm
-0.05 Tc
(\(5\))Tj
ET
q
337.5 487.389 4 45.5 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
343.5 487.389 4 45.5 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
(S&P GIVI Global Growth Mkts )Tj
T*
(Tilt Index \(NTR, unhedged, )Tj
T*
(USD\))Tj
/F2 1 Tf
4 0 0 4 366.148 509.9892 Tm
-0.05 Tc
(\(6\))Tj
ET
q
450.5 487.389 8 45.5 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 Large-Cap )Tj
T*
(Blend Equity)Tj
/F2 1 Tf
4 0 0 4 499.092 519.9892 Tm
-0.05 Tc
(\(2\))Tj
8 0 0 8 212.5 481.3892 Tm
0 Tc
[(Consideration may be given to the reference benchmark when managing Portfolio. However)70(, returns may deviate )]TJ
T*
(materially from the performance of the specied reference benchmark. In addition stated index returns do not reect any )Tj
T*
(management or other charges of the fund, whereas the stated returns of the fund do.)Tj
/F5 1 Tf
30.706 0 TD
( Past performance does not )Tj
-30.706 -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
212.5 412.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 428.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 417.8892 Tm
0 0 0 0 k
[(P)30(erformance Summary \(%\))]TJ
/F5 1 Tf
8 0 0 8 398.052 400.8893 Tm
0 0 0 1 k
-0.025 Tc
[(Cumulative)-9389(Annualised)]TJ
/F2 1 Tf
-6.419 -1.625 TD
[(Since Launch)-1709(1 Mth)-1345(3 Mths)-2325(YTD)]TJ
ET
q
477.5 383.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 396.389 m
481.5 371.389 l
S
Q
BT
8 0 0 8 491.748 387.8892 Tm
(1 Y)Tj
ET
q
0.2 i
482.5 383.389 20 11 re
W n
BT
8 0 0 8 500.476 387.8892 Tm
0 Tc
(r)Tj
ET
Q
BT
8 0 0 8 518.836 387.8892 Tm
[(3 Yrs)-2042(5 Yrs)]TJ
ET
q
212.5 370.389 130 13 re
W n
0.132 0.08 0.028 0 k
212.5 383.389 130 -13 re
f
Q
BT
8 0 0 8 217.5 374.8892 Tm
(Class I Shares \(Acc.\) \(Close\))Tj
4 0 0 4 291.668 378.3892 Tm
-0.05 Tc
(\(5\))Tj
ET
q
342.5 370.389 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 383.389 45 -13 re
f
Q
BT
8 0 0 8 367.516 374.8892 Tm
-0.025 Tc
(84.90)Tj
ET
q
387.5 370.389 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 383.389 30 -13 re
f
Q
BT
8 0 0 8 400.868 374.8892 Tm
(2.89)Tj
ET
q
417.5 370.389 30 13 re
W n
0.132 0.08 0.028 0 k
417.5 383.389 30 -13 re
f
Q
BT
8 0 0 8 430.868 374.8892 Tm
(3.18)Tj
ET
q
447.5 370.389 30 13 re
W n
0.132 0.08 0.028 0 k
447.5 383.389 30 -13 re
f
Q
BT
8 0 0 8 457.516 374.8892 Tm
(15.63)Tj
ET
q
477.5 370.389 5 13 re
W n
0.132 0.08 0.028 0 k
477.5 383.389 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 383.389 m
481.5 358.389 l
S
Q
q
482.5 370.389 25 13 re
W n
0.132 0.08 0.028 0 k
482.5 383.389 25 -13 re
f
Q
BT
8 0 0 8 487.516 374.8892 Tm
(11.25)Tj
ET
q
507.5 370.389 30 13 re
W n
0.132 0.08 0.028 0 k
507.5 383.389 30 -13 re
f
Q
BT
8 0 0 8 520.868 374.8892 Tm
(9.61)Tj
ET
q
537.5 370.389 30 13 re
W n
0.132 0.08 0.028 0 k
537.5 383.389 30 -13 re
f
Q
BT
8 0 0 8 550.868 374.8892 Tm
(6.21)Tj
-41.671 -1.625 TD
(S&P GIVI Global Growth Mkts Tilt Index \(NTR, )Tj
0 -1.3125 TD
(unhedged, USD\))Tj
4 0 0 4 261.34 354.8892 Tm
-0.05 Tc
(\(6\))Tj
8 0 0 8 367.516 361.8892 Tm
-0.025 Tc
[(87.09)-2296(2.6)]TJ
ET
q
0.2 i
387.5 357.389 25 11 re
W n
BT
8 0 0 8 409.148 361.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 430.868 361.8892 Tm
[(2.56)-1877(15.26)]TJ
ET
q
477.5 346.889 5 23.5 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 370.389 m
481.5 345.389 l
S
Q
BT
8 0 0 8 487.516 361.8892 Tm
[(10.80)-2296(9.41)-2296(6.17)]TJ
ET
0.132 0.08 0.028 0 k
212.5 346.889 130 -13 re
f
BT
8 0 0 8 217.5 338.3892 Tm
0 0 0 1 k
(Morningstar Global Large-Cap Blend Equity)Tj
4 0 0 4 334.124 341.8892 Tm
-0.05 Tc
(\(2\))Tj
ET
q
342.5 333.889 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 346.889 45 -13 re
f
Q
q
387.5 333.889 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 346.889 30 -13 re
f
Q
BT
8 0 0 8 400.868 338.3892 Tm
-0.025 Tc
(2.79)Tj
ET
0.132 0.08 0.028 0 k
417.5 346.889 30 -13 re
f
BT
8 0 0 8 430.868 338.3892 Tm
0 0 0 1 k
(1.58)Tj
ET
0.132 0.08 0.028 0 k
447.5 346.889 30 -13 re
f
BT
8 0 0 8 457.516 338.3892 Tm
0 0 0 1 k
(17.26)Tj
ET
q
477.5 333.889 5 13 re
W n
0.132 0.08 0.028 0 k
477.5 346.889 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 346.889 m
481.5 321.889 l
S
Q
0.132 0.08 0.028 0 k
482.5 346.889 25 -13 re
f
BT
8 0 0 8 487.516 338.3892 Tm
0 0 0 1 k
(10.25)Tj
ET
0.132 0.08 0.028 0 k
507.5 346.889 30 -13 re
f
BT
8 0 0 8 520.868 338.3892 Tm
0 0 0 1 k
(9.10)Tj
ET
0.132 0.08 0.028 0 k
537.5 346.889 30 -13 re
f
BT
8 0 0 8 550.868 338.3892 Tm
0 0 0 1 k
(5.28)Tj
-41.671 -1.625 TD
(Quartile Position in Sector)Tj
4 0 0 4 287.62 328.8892 Tm
-0.05 Tc
(\(2\))Tj
8 0 0 8 409.148 325.3892 Tm
3.306 Tc
(213)Tj
ET
q
477.5 320.889 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 333.889 m
481.5 308.889 l
S
Q
BT
8 0 0 8 499.148 325.3892 Tm
(222)Tj
ET
q
212.5 298.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 314.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 303.8892 Tm
0 0 0 0 k
0 Tc
[(Calendar )180(Y)95(ear P)30(erformance \(%\))]TJ
/F2 1 Tf
8 0 0 8 449.092 289.8892 Tm
0 0 0 1 k
-0.025 Tc
(201)Tj
ET
q
0.2 i
442.5 285.389 20 11 re
W n
BT
8 0 0 8 459.148 289.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 474.092 289.8892 Tm
[(2015)-1449(2016)-1449(2017)-1449(2018)]TJ
ET
0.132 0.08 0.028 0 k
212.5 285.389 230 -13 re
f
BT
8 0 0 8 217.5 276.8892 Tm
0 0 0 1 k
(Class I Shares \(Acc.\) \(Close\))Tj
ET
q
442.5 272.389 25 13 re
W n
0.132 0.08 0.028 0 k
442.5 285.389 25 -13 re
f
Q
BT
8 0 0 8 454.22 276.8892 Tm
(3.7)Tj
ET
0.132 0.08 0.028 0 k
467.5 285.389 25 -13 re
f
BT
8 0 0 8 477.196 276.8892 Tm
0 0 0 1 k
(-2.9)Tj
ET
q
492.5 272.389 25 13 re
W n
0.132 0.08 0.028 0 k
492.5 285.389 25 -13 re
f
Q
BT
8 0 0 8 504.22 276.8892 Tm
(7.7)Tj
ET
0.132 0.08 0.028 0 k
517.5 285.389 25 -13 re
f
BT
8 0 0 8 525.868 276.8892 Tm
0 0 0 1 k
(24.0)Tj
ET
q
542.5 272.389 25 13 re
W n
0.132 0.08 0.028 0 k
542.5 285.389 25 -13 re
f
Q
BT
8 0 0 8 552.196 276.8892 Tm
(-9.1)Tj
-41.837 -1.625 TD
[(S&P GIVI Global Growth Mkts Tilt Index \(NTR, unhedged, USD\))-8463(4.0)-1837(-2.8)-2090(8.2)-1671(23.9)-1837(-9.)]TJ
ET
q
0.2 i
542.5 259.389 20 11 re
W n
BT
8 0 0 8 559.1479 263.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
/F5 1 Tf
8 0 0 8 217.5 139.5 Tm
(Please see Additional Notes. All performance and holdings data as at 31-Oct-19.)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
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
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8 0 0 8 32.5 630.3893 Tm
0 0 0 1 k
-0.025 Tc
[(Currency - Class I Shares \(Acc.\) \(Close\))-5579(USD)]TJ
ET
0.132 0.08 0.028 0 k
27.5 625.889 120 -23.5 re
f
BT
8 0 0 8 32.5 617.3892 Tm
0 0 0 1 k
(Inception Date - Class I Shares \(Acc.\) )Tj
0 -1.3125 TD
(\(Close\))Tj
ET
0.132 0.08 0.028 0 k
147.5 625.889 50 -23.5 re
f
BT
8 0 0 8 164.988 617.3892 Tm
0 0 0 1 k
(29-Jun-12)Tj
-16.561 -2.9375 TD
[(Fund Domicile)-11079(Luxembourg)]TJ
ET
1 0.84 0.31 0.17 k
27.5 583.389 170 -16.5 re
f
BT
/F4 1 Tf
10 0 0 10 31.5 572.3892 Tm
0 0 0 0 k
0 Tc
[(F)20(und F)20(acts)]TJ
/F2 1 Tf
8 0 0 8 32.5 555.3893 Tm
0 0 0 1 k
-0.025 Tc
[(ISIN - Class I Shares \(Acc.\) \(Close\))-3542(LU0754433075)]TJ
ET
0.132 0.08 0.028 0 k
27.5 550.889 115 -23.5 re
f
BT
8 0 0 8 32.5 542.3892 Tm
0 0 0 1 k
(Bloomberg Ticker - Class I Shares \(Acc.\) )Tj
0 -1.3125 TD
(\(Close\))Tj
ET
0.132 0.08 0.028 0 k
142.5 550.889 55 -23.5 re
f
BT
8 0 0 8 156.268 542.3892 Tm
0 0 0 1 k
(GSGMIAC L)Tj
ET
q
142.5 537.889 50 11 re
W n
BT
8 0 0 8 188.7 542.3892 Tm
0 Tc
(X)Tj
ET
Q
BT
8 0 0 8 32.5 518.8892 Tm
[(Dividend Distribution Frequency)-7437(None)]TJ
ET
q
0.6 i
27.5 501.389 115 13 re
W n
0.132 0.08 0.028 0 k
27.5 514.389 115 -13 re
f
Q
BT
8 0 0 8 32.5 505.8892 Tm
(Dealing and valuation)Tj
ET
q
0.6 i
142.5 501.389 55 13 re
W n
0.132 0.08 0.028 0 k
142.5 514.389 55 -13 re
f
Q
BT
8 0 0 8 178.836 505.8892 Tm
(Dail)Tj
ET
q
142.5 501.389 50 11 re
W n
BT
8 0 0 8 189.588 505.8892 Tm
0 Tc
(y)Tj
ET
Q
BT
8 0 0 8 32.5 492.8892 Tm
[(Reporting year end)-9065(30 Novembe)]TJ
ET
q
142.5 488.389 50 11 re
W n
BT
8 0 0 8 190.476 492.8892 Tm
0 Tc
(r)Tj
ET
Q
q
0.6 i
27.5 464.889 50 23.5 re
W n
0.132 0.08 0.028 0 k
27.5 488.389 50 -23.5 re
f
Q
BT
8 0 0 8 32.5 479.8892 Tm
(Reference )Tj
T*
(Benchmark)Tj
ET
q
0.6 i
77.5 464.889 120 23.5 re
W n
0.132 0.08 0.028 0 k
77.5 488.389 120 -23.5 re
f
Q
BT
8 0 0 8 85.468 479.8892 Tm
(S&P GIVI Global Growth Mkts Tilt Inde)Tj
ET
q
77.5 464.889 115 21.5 re
W n
BT
8 0 0 8 189.588 479.8892 Tm
0 Tc
(x)Tj
ET
Q
BT
8 0 0 8 192.5 479.8892 Tm
0 Tc
( )Tj
-7.551 -1.3125 TD
-0.025 Tc
(\(NTR, unhedged, USD\))Tj
-12.449 -1.625 TD
[(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
[(Geographical 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 GIVI Global Equity - Growth Markets Tilt Portfolio)-5221.6(S&P Global BMI )]TJ
ET
q
390 682.889 177 8 re
W n
BT
6 0 0 6 427.332 686.3893 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 428.8 686.3893 Tm
(Net Total Return, Unhedged, USD)Tj
ET
q
390 682.889 177 8 re
W n
BT
6 0 0 6 502.598 686.3893 Tm
0 Tc
(\))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 0.59 1 0.18 k
/GS2 gs
0.6 i
252.5 642.889 m
252.5 672.889 l
269.069 672.889 282.5 659.458 282.5 642.889 c
282.5 637.623 281.114 632.45 278.481 627.889 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
269.069 672.889 282.5 659.458 282.5 642.889 c
282.5 637.623 281.114 632.45 278.481 627.889 c
h
252.5 642.889 m
S
252.5 642.889 m
278.481 627.889 l
274.922 621.725 269.287 617.027 262.583 614.634 c
h
252.5 642.889 m
f
252.5 642.889 m
278.481 627.889 l
274.922 621.725 269.287 617.027 262.583 614.635 c
h
252.5 642.889 m
S
252.5 642.889 m
262.583 614.634 l
256.671 612.525 250.246 612.323 244.213 614.057 c
h
252.5 642.889 m
f
252.5 642.889 m
262.583 614.635 l
256.671 612.525 250.246 612.323 244.213 614.057 c
h
252.5 642.889 m
S
252.5 642.889 m
244.213 614.057 l
241.306 614.892 238.542 616.162 236.015 617.825 c
h
252.5 642.889 m
f
252.5 642.889 m
244.213 614.057 l
241.306 614.892 238.542 616.162 236.015 617.825 c
h
252.5 642.889 m
S
252.5 642.889 m
236.015 617.825 l
233.699 619.348 231.605 621.184 229.794 623.282 c
h
252.5 642.889 m
f
252.5 642.889 m
236.015 617.825 l
233.699 619.348 231.605 621.184 229.794 623.282 c
h
252.5 642.889 m
S
252.5 642.889 m
229.794 623.282 l
228.312 624.998 227.03 626.876 225.972 628.88 c
h
252.5 642.889 m
f
252.5 642.889 m
229.794 623.282 l
228.312 624.998 227.03 626.876 225.972 628.88 c
h
252.5 642.889 m
S
252.5 642.889 m
225.972 628.88 l
225.149 630.438 224.465 632.066 223.928 633.744 c
h
252.5 642.889 m
f
252.5 642.889 m
225.972 628.88 l
225.149 630.438 224.465 632.066 223.928 633.744 c
h
252.5 642.889 m
S
252.5 642.889 m
223.928 633.744 l
223.391 635.423 223.002 637.145 222.768 638.892 c
h
252.5 642.889 m
f
252.5 642.889 m
223.928 633.744 l
223.391 635.423 223.002 637.145 222.768 638.892 c
h
252.5 642.889 m
S
252.5 642.889 m
222.768 638.892 l
222.6 640.139 222.511 641.395 222.501 642.653 c
h
252.5 642.889 m
f
252.5 642.889 m
222.768 638.892 l
222.6 640.139 222.511 641.395 222.501 642.653 c
h
252.5 642.889 m
S
252.5 642.889 m
222.501 642.653 l
222.492 643.849 222.554 645.043 222.687 646.231 c
h
252.5 642.889 m
f
252.5 642.889 m
222.501 642.653 l
222.492 643.849 222.554 645.043 222.687 646.231 c
h
252.5 642.889 m
S
252.5 642.889 m
222.687 646.231 l
224.389 661.412 237.225 672.889 252.5 672.889 c
h
252.5 642.889 m
f
252.5 642.889 m
222.687 646.231 l
224.389 661.412 237.225 672.889 252.5 672.889 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 6 290.508 676.3892 Tm
0 0.59 1 0.18 k
(33.3)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
(US)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.832 -1.3333 TD
(11.2)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
(China)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.4213 -1.3333 TD
(9.9)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
(Japan)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.4213 -1.3333 TD
(4.8)Tj
ET
q
0.2 i
287.5 648.889 16 8 re
W n
BT
6 0 0 6 299.032 652.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 652.3892 Tm
0 0 0 1 k
(UK)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.4213 -1.3333 TD
(4.4)Tj
ET
q
0.2 i
287.5 640.889 16 8 re
W n
BT
6 0 0 6 299.032 644.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 644.3893 Tm
0 0 0 1 k
(Germany)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.4213 -1.3333 TD
(3.6)Tj
ET
q
0.2 i
287.5 632.889 16 8 re
W n
BT
6 0 0 6 299.032 636.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 636.3892 Tm
0 0 0 1 k
(France)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.4213 -1.3333 TD
(2.8)Tj
ET
q
0.2 i
287.5 624.889 16 8 re
W n
BT
6 0 0 6 299.032 628.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 628.3892 Tm
0 0 0 1 k
(Canada)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.4213 -1.3333 TD
(2.8)Tj
ET
q
0.2 i
287.5 616.889 16 8 re
W n
BT
6 0 0 6 299.032 620.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 620.3893 Tm
0 0 0 1 k
(Korea)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.4213 -1.3333 TD
(2.0)Tj
ET
q
0.2 i
287.5 608.889 16 8 re
W n
BT
6 0 0 6 299.032 612.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 612.3892 Tm
0 0 0 1 k
(Switzerland)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.4213 -1.3333 TD
(1.9)Tj
ET
q
0.2 i
287.5 600.889 16 8 re
W n
BT
6 0 0 6 299.032 604.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 604.3892 Tm
0 0 0 1 k
(Italy)Tj
/F5 1 Tf
0 0.59 1 0.18 k
-2.832 -1.3333 TD
(23.2)Tj
ET
q
0.2 i
287.5 592.889 16 8 re
W n
BT
6 0 0 6 299.032 596.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 596.3893 Tm
0 0 0 1 k
(Other)Tj
ET
q
0.2 i
431.5 672.889 18 8 re
W n
0 0 0 1 K
0.5 w
/GS2 gs
448.346 674.91 m
439.95 678.837 432.082 678.142 y
432 680.889 m
432 675.272 l
446.781 677.483 m
448.69 674.895 l
445.535 673.594 l
S
Q
0.92 0.73 0.2 0.05 k
/GS2 gs
430 642.889 m
430 672.889 l
446.569 672.889 460 659.458 460 642.889 c
460 626.321 446.569 612.889 430 612.889 c
427.862 612.889 425.729 613.118 423.64 613.571 c
h
430 642.889 m
f
/GS1 gs
430 642.889 m
430 672.889 l
446.569 672.889 460 659.458 460 642.889 c
460 626.321 446.569 612.889 430 612.889 c
427.862 612.889 425.729 613.118 423.64 613.571 c
h
430 642.889 m
S
430 642.889 m
423.64 613.571 l
421.242 614.091 418.917 614.904 416.717 615.99 c
h
430 642.889 m
f
430 642.889 m
423.64 613.571 l
421.242 614.091 418.917 614.904 416.717 615.99 c
h
430 642.889 m
S
430 642.889 m
416.717 615.99 l
411.9 618.369 407.81 621.998 404.874 626.497 c
h
430 642.889 m
f
430 642.889 m
416.717 615.99 l
411.9 618.369 407.81 621.998 404.874 626.497 c
h
430 642.889 m
S
430 642.889 m
404.874 626.497 l
403.189 629.081 401.912 631.909 401.088 634.882 c
h
430 642.889 m
f
430 642.889 m
404.874 626.497 l
403.189 629.081 401.912 631.909 401.088 634.882 c
h
430 642.889 m
S
430 642.889 m
401.088 634.882 l
400.669 636.397 400.369 637.942 400.192 639.504 c
h
430 642.889 m
f
430 642.889 m
401.088 634.882 l
400.669 636.397 400.369 637.942 400.192 639.504 c
h
430 642.889 m
S
430 642.889 m
400.192 639.504 l
399.979 641.378 399.943 643.268 400.085 645.149 c
h
430 642.889 m
f
430 642.889 m
400.192 639.504 l
399.979 641.378 399.943 643.268 400.085 645.149 c
h
430 642.889 m
S
430 642.889 m
400.085 645.149 l
400.227 647.03 400.547 648.893 401.039 650.714 c
h
430 642.889 m
f
430 642.889 m
400.085 645.149 l
400.227 647.03 400.547 648.893 401.039 650.714 c
h
430 642.889 m
S
430 642.889 m
401.039 650.714 l
401.284 651.625 401.573 652.522 401.904 653.405 c
h
430 642.889 m
f
430 642.889 m
401.039 650.714 l
401.284 651.625 401.573 652.522 401.904 653.405 c
h
430 642.889 m
S
430 642.889 m
401.904 653.405 l
402.476 654.936 403.174 656.417 403.988 657.835 c
h
430 642.889 m
f
430 642.889 m
401.904 653.405 l
402.476 654.936 403.174 656.417 403.988 657.835 c
h
430 642.889 m
S
430 642.889 m
403.988 657.835 l
404.238 658.271 404.5 658.7 404.772 659.123 c
h
430 642.889 m
f
430 642.889 m
403.988 657.835 l
404.238 658.271 404.5 658.7 404.772 659.123 c
h
430 642.889 m
S
430 642.889 m
404.772 659.123 l
410.293 667.703 419.797 672.889 430 672.889 c
h
430 642.889 m
f
430 642.889 m
404.772 659.123 l
410.293 667.703 419.797 672.889 430 672.889 c
h
430 642.889 m
S
0 0 0 0 k
445 642.889 m
445 651.173 438.284 657.889 430 657.889 c
421.716 657.889 415 651.173 415 642.889 c
415 634.605 421.716 627.889 430 627.889 c
438.284 627.889 445 634.605 445 642.889 c
f
445 642.889 m
445 651.173 438.284 657.889 430 657.889 c
421.716 657.889 415 651.173 415 642.889 c
415 634.605 421.716 627.889 430 627.889 c
438.284 627.889 445 634.605 445 642.889 c
S
BT
/F5 1 Tf
6 0 0 6 468.008 676.3892 Tm
0.92 0.73 0.2 0.05 k
(53.4)Tj
ET
q
0.2 i
465 672.889 16 8 re
W n
BT
6 0 0 6 476.532 676.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 676.3892 Tm
0 0 0 1 k
(US)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(3.9)Tj
ET
q
0.2 i
465 664.889 16 8 re
W n
BT
6 0 0 6 476.532 668.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 668.3893 Tm
0 0 0 1 k
(China)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(8.5)Tj
ET
q
0.2 i
465 656.889 16 8 re
W n
BT
6 0 0 6 476.532 660.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 660.3892 Tm
0 0 0 1 k
(Japan)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(4.9)Tj
ET
q
0.2 i
465 648.889 16 8 re
W n
BT
6 0 0 6 476.532 652.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 652.3892 Tm
0 0 0 1 k
(UK)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
465 640.889 16 8 re
W n
BT
6 0 0 6 476.532 644.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 644.3893 Tm
0 0 0 1 k
(Germany)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(3.0)Tj
ET
q
0.2 i
465 632.889 16 8 re
W n
BT
6 0 0 6 476.532 636.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 636.3892 Tm
0 0 0 1 k
(France)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(3.0)Tj
ET
q
0.2 i
465 624.889 16 8 re
W n
BT
6 0 0 6 476.532 628.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 628.3892 Tm
0 0 0 1 k
(Canada)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(1.5)Tj
ET
q
0.2 i
465 616.889 16 8 re
W n
BT
6 0 0 6 476.532 620.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 620.3893 Tm
0 0 0 1 k
(Korea)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(2.6)Tj
ET
q
0.2 i
465 608.889 16 8 re
W n
BT
6 0 0 6 476.532 612.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 612.3892 Tm
0 0 0 1 k
(Switzerland)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.8)Tj
ET
q
0.2 i
465 600.889 16 8 re
W n
BT
6 0 0 6 476.532 604.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 604.3892 Tm
0 0 0 1 k
(Italy)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.3333 TD
(15.9)Tj
ET
q
0.2 i
465 592.889 16 8 re
W n
BT
6 0 0 6 476.532 596.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 596.3893 Tm
0 0 0 1 k
(Other)Tj
ET
q
212.5 566.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 582.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 571.8893 Tm
0 0 0 0 k
0 Tc
[(T)115(op 1)55(0)0( Holdings)]TJ
/F5 1 Tf
6.5 0 0 6.5 292.03 574.5892 Tm
(\(8\))Tj
/F2 1 Tf
8 0 0 8 217.5 557.8892 Tm
0 0 0 1 k
-0.025 Tc
[(Security)-15753(%)-2000(Geography)-5088(Activity)]TJ
ET
0.132 0.08 0.028 0 k
212.5 552.389 139 -14 re
f
BT
8 0 0 8 217.5 543.8892 Tm
0 0 0 1 k
(Apple Inc)Tj
ET
q
351.5 538.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 552.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 543.8892 Tm
(1.5)Tj
ET
0.132 0.08 0.028 0 k
376.5 552.389 11 -14 re
f
q
387.5 538.389 70 14 re
W n
387.5 552.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 543.8892 Tm
0 0 0 1 k
(US)Tj
ET
q
457.5 538.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 552.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 543.8892 Tm
(Information Technology)Tj
-30 -1.75 TD
[(JPMorgan Chase & Co)-10528(1.1)-2000(US)-7744(Financials)]TJ
ET
q
212.5 510.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 524.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 515.8892 Tm
(Berkshire Hathaway Inc)Tj
ET
q
351.5 510.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 524.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 515.8892 Tm
(1.0)Tj
ET
q
376.5 510.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 524.389 11 -14 re
f
Q
q
387.5 510.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 524.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 515.8892 Tm
(US)Tj
ET
q
457.5 510.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 524.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 515.8892 Tm
(Financials)Tj
-30 -1.75 TD
[(China Construction Bank Corp)-8198(1.0)-2000(China)-6821(Financials)]TJ
ET
q
212.5 482.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 496.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 487.8892 Tm
(Microsoft Corp)Tj
ET
q
351.5 482.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 496.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 487.8892 Tm
(0.9)Tj
ET
q
376.5 482.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 496.389 11 -14 re
f
Q
q
387.5 482.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 496.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 487.8892 Tm
(US)Tj
ET
q
457.5 482.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 496.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 487.8892 Tm
(Information Technology)Tj
-30 -1.75 TD
[(Industrial & Commercial Bank of China Ltd)-3969(0.8)-2000(China)-6821(Financials)]TJ
ET
q
212.5 454.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 468.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 459.8892 Tm
(AT&T Inc)Tj
ET
q
351.5 454.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 468.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 459.8892 Tm
(0.8)Tj
ET
q
376.5 454.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 468.389 11 -14 re
f
Q
q
387.5 454.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 468.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 459.8892 Tm
(US)Tj
ET
q
457.5 454.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 468.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 459.8892 Tm
(Communication Services)Tj
-30 -1.75 TD
[(Samsung Electronics Co Ltd)-8869(0.8)-2000(Korea)-6765(Information Technology)]TJ
ET
q
212.5 426.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 440.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 431.8892 Tm
(Wells Fargo & Co)Tj
ET
q
351.5 426.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 440.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 431.8892 Tm
(0.8)Tj
ET
q
376.5 426.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 440.389 11 -14 re
f
Q
q
387.5 426.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 440.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 431.8892 Tm
(US)Tj
ET
q
457.5 426.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 440.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 431.8892 Tm
(Financials)Tj
-30 -1.75 TD
[(Alibaba Group Holding Ltd)-9345(0.8)-2000(China)-6821(Consumer Discretionary)]TJ
/F5 1 Tf
0 -22.2987 TD
(Please see Additional Notes. All performance and holdings data as at 31-Oct-19. 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
217.5 215 350 30.5 re
W n
BT
8 0 0 8 217.5 219.5 Tm
0 Tc
()Tj
ET
Q
BT
8 0 0 8 221.3 219.5 Tm
(uctuate and can go down as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 212 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 209 Tm
(S&P GIVI is a trademark of Standard & Poor's Financial Services LLC \("Standard & Poor's"\) and has been licensed for )Tj
-0.444 -1.25 TD
(use by The Goldman Sachs Group, Inc. and its afliates. Any products associated with GIVI are not sponsored, endorsed, )Tj
T*
(sold or promoted by Standard & Poor's and Standard & Poor's does not make any representation regarding the )Tj
T*
(advisability of investing in such products.)Tj
4 0 0 4 338.324 182 Tm
( \(2\))Tj
8 0 0 8 342.764 179 Tm
(The Morningstar sector average gures are calculated using all open funds )Tj
-15.658 -1.25 TD
(available in the universe at the indicated time period. The number of funds in a Morningstar sector varies over time as )Tj
T*
[(new funds are launched and funds close. Source: Morningstar 2019 Morningstar)70(, Inc. All Rights Reserved.)]TJ
4 0 0 4 531.1721 162 Tm
( \(3\))Tj
8 0 0 8 535.6121 159 Tm
(Please )Tj
-39.764 -1.25 TD
(note that this estimated transaction costs gure has not been calculated using the prescribed methodologies required )Tj
T*
(under EU regulations \(i.e. MIFID II and PRIIPS\). Where required by law or regulation, you may receive additional )Tj
T*
(estimates of transaction costs from us which will be calculated using these prescribed methodologies. These additional )Tj
T*
(estimates may differ from the estimated transaction cost gure included here.)Tj
4 0 0 4 444.5161 122 Tm
( \(4\))Tj
8 0 0 8 448.956 119 Tm
(The ongoing charges gure is based on )Tj
-28.932 -1.25 TD
[(expenses during the previous year)70(. See details in the Key Investor Information Document.)]TJ
4 0 0 4 476.804 112 Tm
( \(5\))Tj
8 0 0 8 481.244 109 Tm
(Fund returns are shown net )Tj
-32.968 -1.25 TD
[(of applicable ongoing fees within the portfolio, with dividends re-invested using the ex-dividend NA)37(V)100(.)0( These returns are )]TJ
T*
(for comparison of performance against specied index. As the investor may be liable to other fees, charges and taxes, )Tj
T*
(they are not meant to provide a measure of actual return to investors. The performance data do not take account of the )Tj
T*
(commissions and costs incurred on the issue and redemption of shares.)Tj
4 0 0 4 425.396 72 Tm
( \(6\))Tj
8 0 0 8 429.836 69 Tm
[(The S&P GIVI Global Growth Mkts T)50(ilt Index, )]TJ
-26.542 -1.25 TD
(quoted at month-end with income reinvested and, in contrast to the Portfolio, shown without the deduction of any )Tj
T*
(expenses.)Tj
4 0 0 4 248.148 52 Tm
( \(7\))Tj
8 0 0 8 252.588 49 Tm
(This fund operates swing pricing which may materially impact the performance over shorter time periods. )Tj
-4.386 -1.25 TD
(The benchmark does not operate swing pricing.)Tj
4 0 0 4 356.084 42 Tm
( \(8\))Tj
8 0 0 8 360.524 39 Tm
(Portfolio holdings may not represent current, future investments or all )Tj
-17.878 -1.25 TD
(of the portfolio's holdings. Future portfolio holdings may not be protable.)Tj
ET
0 0 0 0 k
38.75 67.95 90 -36.2 re
f
0 0 0 1 k
0.2 i
83.354 58.153 m
83.331 58.153 l
82.558 54.657 l
84.171 54.657 l
h
80.092 51.62 m
82.333 59.711 l
84.564 59.711 l
86.758 51.62 l
84.978 51.62 l
84.529 53.414 l
82.221 53.414 l
81.762 51.62 l
f
88.833 53.436 m
88.822 53.177 88.833 52.931 88.911 52.752 c
89 52.574 89.168 52.484 89.482 52.484 c
89.796 52.484 90.064 52.685 90.064 53.065 c
90.064 54.264 87.287 53.995 87.287 55.799 c
87.287 57.021 88.496 57.392 89.516 57.392 c
90.592 57.392 91.566 56.875 91.477 55.654 c
89.93 55.654 l
89.93 56.047 89.887 56.283 89.773 56.383 c
89.673 56.483 89.539 56.505 89.371 56.505 c
89.024 56.505 88.833 56.283 88.833 55.901 c
88.833 55.005 91.611 55.049 91.611 53.233 c
91.611 52.246 90.805 51.51 89.492 51.51 c
88.115 51.51 87.195 51.855 87.287 53.436 c
88.833 53.436 l
f
94.087 53.436 m
94.076 53.177 94.087 52.931 94.166 52.752 c
94.254 52.574 94.425 52.484 94.737 52.484 c
95.051 52.484 95.32 52.685 95.32 53.065 c
95.32 54.264 92.54 53.995 92.54 55.799 c
92.54 57.021 93.75 57.392 94.772 57.392 c
95.846 57.392 96.821 56.875 96.733 55.654 c
95.187 55.654 l
95.187 56.047 95.142 56.283 95.026 56.383 c
94.928 56.483 94.793 56.505 94.626 56.505 c
94.277 56.505 94.087 56.283 94.087 55.901 c
94.087 55.005 96.866 55.049 96.866 53.233 c
96.866 52.246 96.059 51.51 94.748 51.51 c
93.369 51.51 92.452 51.855 92.54 53.436 c
94.087 53.436 l
f
100.777 55.084 m
100.777 55.632 100.798 56.415 100.047 56.415 c
99.32 56.415 99.331 55.564 99.331 55.084 c
h
99.331 54.197 m
99.331 53.524 99.352 52.518 100.047 52.518 c
100.607 52.518 100.719 53.055 100.719 53.524 c
102.322 53.524 l
102.3 52.909 102.099 52.405 101.718 52.058 c
101.347 51.709 100.788 51.51 100.047 51.51 c
98.008 51.51 97.74 52.752 97.74 54.523 c
97.74 56.068 97.964 57.392 100.047 57.392 c
102.175 57.392 102.412 56.013 102.355 54.197 c
99.331 54.197 l
f
103.117 57.278 m
103.757 57.278 l
103.757 58.175 l
105.336 58.881 l
105.336 57.278 l
106.154 57.278 l
106.154 56.304 l
105.336 56.304 l
105.336 53.279 l
105.336 52.851 105.324 52.574 105.84 52.574 c
105.942 52.574 106.042 52.574 106.12 52.595 c
106.12 51.62 l
105.908 51.599 105.684 51.565 105.304 51.565 c
103.935 51.565 103.757 52.47 103.757 52.819 c
103.757 56.304 l
103.117 56.304 l
103.117 57.278 l
f
80.093 40.002 m
80.093 48.092 l
82.817 48.092 l
84.083 42.59 l
84.105 42.59 l
85.449 48.092 l
88.083 48.092 l
88.083 40.002 l
86.436 40.002 l
86.436 46.242 l
86.412 46.242 l
84.856 40.002 l
83.242 40.002 l
81.763 46.242 l
81.74 46.242 l
81.74 40.002 l
f
90.704 41.761 m
90.704 41.357 90.771 40.865 91.285 40.865 c
92.217 40.865 92.071 42.118 92.071 42.735 c
91.285 42.701 90.704 42.77 90.704 41.761 c
93.618 41.054 m
93.618 40.706 93.663 40.349 93.696 40.002 c
92.227 40.002 l
92.159 40.751 l
92.137 40.751 l
91.801 40.169 91.344 39.891 90.659 39.891 c
89.561 39.891 89.157 40.706 89.157 41.693 c
89.157 43.564 90.601 43.642 92.071 43.62 c
92.071 44.057 l
92.071 44.538 92.003 44.887 91.432 44.887 c
90.884 44.887 90.838 44.472 90.838 44.023 c
89.292 44.023 l
89.292 44.707 89.504 45.144 89.874 45.401 c
90.232 45.672 90.749 45.772 91.353 45.772 c
93.359 45.772 93.618 44.91 93.618 43.877 c
93.618 41.054 l
f
96.451 45.088 m
96.474 45.088 l
96.632 45.346 96.821 45.514 97.033 45.614 c
97.26 45.727 97.516 45.772 97.807 45.772 c
98.556 45.772 99.22 45.322 99.22 44.538 c
99.22 40.002 l
97.64 40.002 l
97.64 43.9 l
97.64 44.403 97.549 44.797 97.046 44.797 c
96.541 44.797 96.451 44.403 96.451 43.9 c
96.451 40.002 l
94.871 40.002 l
94.871 45.66 l
96.451 45.66 l
96.451 45.088 l
f
101.795 41.761 m
101.795 41.357 101.862 40.865 102.379 40.865 c
103.309 40.865 103.164 42.118 103.164 42.735 c
102.379 42.701 101.795 42.77 101.795 41.761 c
104.709 41.054 m
104.709 40.706 104.754 40.349 104.789 40.002 c
103.318 40.002 l
103.253 40.751 l
103.231 40.751 l
102.896 40.169 102.436 39.891 101.753 39.891 c
100.652 39.891 100.25 40.706 100.25 41.693 c
100.25 43.564 101.695 43.642 103.164 43.62 c
103.164 44.057 l
103.164 44.538 103.097 44.887 102.525 44.887 c
101.975 44.887 101.931 44.472 101.931 44.023 c
100.386 44.023 l
100.386 44.707 100.598 45.144 100.967 45.401 c
101.326 45.672 101.841 45.772 102.446 45.772 c
104.453 45.772 104.709 44.91 104.709 43.877 c
104.709 41.054 l
f
108.061 41.054 m
108.63 41.054 108.708 41.648 108.708 42.848 c
108.708 44.091 108.653 44.797 108.072 44.797 c
107.476 44.797 107.374 44.382 107.374 42.657 c
107.374 42.129 107.296 41.054 108.061 41.054 c
110.29 45.66 m
110.29 39.765 l
110.29 39.374 110.311 37.826 108.136 37.826 c
106.959 37.826 105.953 38.131 105.919 39.509 c
107.465 39.509 l
107.465 39.274 107.499 39.072 107.599 38.938 c
107.702 38.791 107.881 38.713 108.126 38.713 c
108.519 38.713 108.708 39.082 108.708 39.655 c
108.708 40.741 l
108.687 40.741 l
108.453 40.303 108.003 40.08 107.488 40.08 c
105.751 40.08 105.83 41.67 105.83 42.949 c
105.83 44.192 105.852 45.772 107.499 45.772 c
108.061 45.772 108.54 45.525 108.765 44.997 c
108.787 44.997 l
108.787 45.66 l
110.29 45.66 l
f
114.523 43.464 m
114.523 44.012 114.546 44.797 113.795 44.797 c
113.067 44.797 113.08 43.944 113.08 43.464 c
h
113.08 42.578 m
113.08 41.904 113.101 40.898 113.795 40.898 c
114.356 40.898 114.468 41.435 114.468 41.904 c
116.071 41.904 l
116.048 41.288 115.846 40.785 115.464 40.439 c
115.095 40.091 114.535 39.891 113.795 39.891 c
111.757 39.891 111.488 41.133 111.488 42.903 c
111.488 44.45 111.713 45.772 113.795 45.772 c
115.924 45.772 116.16 44.393 116.105 42.578 c
113.08 42.578 l
f
118.85 45.088 m
118.873 45.088 l
119.186 45.593 119.612 45.772 120.205 45.772 c
120.767 45.772 121.213 45.502 121.471 45.055 c
121.842 45.546 122.29 45.772 122.938 45.772 c
123.69 45.772 124.351 45.322 124.351 44.538 c
124.351 40.002 l
122.771 40.002 l
122.771 43.9 l
122.771 44.403 122.682 44.797 122.176 44.797 c
121.674 44.797 121.584 44.403 121.584 43.9 c
121.584 40.002 l
120.039 40.002 l
120.039 43.9 l
120.039 44.403 119.948 44.797 119.444 44.797 c
118.94 44.797 118.85 44.403 118.85 43.9 c
118.85 40.002 l
117.271 40.002 l
117.271 45.66 l
118.85 45.66 l
118.85 45.088 l
f
128.441 43.464 m
128.441 44.012 128.462 44.797 127.712 44.797 c
126.983 44.797 126.994 43.944 126.994 43.464 c
h
126.994 42.578 m
126.994 41.904 127.016 40.898 127.712 40.898 c
128.272 40.898 128.384 41.435 128.384 41.904 c
129.986 41.904 l
129.965 41.288 129.762 40.785 129.381 40.439 c
129.011 40.091 128.453 39.891 127.712 39.891 c
125.673 39.891 125.405 41.133 125.405 42.903 c
125.405 44.45 125.628 45.772 127.712 45.772 c
129.84 45.772 130.076 44.393 130.02 42.578 c
126.994 42.578 l
f
132.777 45.088 m
132.798 45.088 l
132.955 45.346 133.146 45.514 133.359 45.614 c
133.582 45.727 133.842 45.772 134.131 45.772 c
134.882 45.772 135.544 45.322 135.544 44.538 c
135.544 40.002 l
133.963 40.002 l
133.963 43.9 l
133.963 44.403 133.875 44.797 133.37 44.797 c
132.867 44.797 132.777 44.403 132.777 43.9 c
132.777 40.002 l
131.197 40.002 l
131.197 45.66 l
132.777 45.66 l
132.777 45.088 l
f
136.385 45.66 m
137.024 45.66 l
137.024 46.556 l
138.602 47.262 l
138.602 45.66 l
139.421 45.66 l
139.421 44.685 l
138.602 44.685 l
138.602 41.659 l
138.602 41.233 138.591 40.954 139.108 40.954 c
139.209 40.954 139.309 40.954 139.387 40.975 c
139.387 40.002 l
139.175 39.978 138.95 39.944 138.57 39.944 c
137.203 39.944 137.024 40.852 137.024 41.2 c
137.024 44.685 l
136.385 44.685 l
136.385 45.66 l
f
q
27.594 27.518 111.827 41.827 re
W n
0.5 0.25 0 0.1 k
27.595 69.345 41.778 -41.827 re
f
Q
0 0 0 0 k
39.023 62.533 m
39.023 61.455 39.023 60.486 38.811 60.031 c
38.705 59.804 38.549 59.675 38.266 59.675 c
37.984 59.675 37.826 59.804 37.721 60.031 c
37.507 60.486 37.508 61.455 37.508 62.533 c
37.508 63.612 37.507 64.582 37.721 65.037 c
37.826 65.262 37.984 65.39 38.266 65.39 c
38.549 65.39 38.705 65.262 38.811 65.037 c
39.023 64.582 39.023 63.612 39.023 62.533 c
39.587 65.077 m
39.209 65.396 38.8 65.598 38.266 65.598 c
37.738 65.597 37.321 65.373 36.961 65.047 c
36.422 64.559 35.95 63.711 35.95 62.533 c
35.95 61.459 36.319 60.515 36.947 59.99 c
37.326 59.674 37.734 59.469 38.266 59.469 c
38.8 59.469 39.209 59.674 39.587 59.99 c
40.212 60.515 40.583 61.459 40.583 62.533 c
40.583 63.609 40.212 64.551 39.587 65.077 c
f
64.062 59.582 m
62.557 59.582 l
62.557 65.496 l
63.957 65.496 l
63.957 64.83 l
64.134 65.212 64.574 65.555 65.164 65.599 c
66.128 65.668 66.764 65.084 66.764 63.835 c
66.764 59.582 l
65.26 59.582 l
65.26 64.149 l
65.26 64.645 65.247 65.084 64.898 65.173 c
64.748 65.212 64.536 65.188 64.384 65.055 c
64.129 64.826 64.062 64.557 64.062 64.146 c
64.062 59.582 l
f
59.823 63.199 m
59.343 62.888 l
58.839 62.59 58.748 62.204 58.711 61.756 c
58.68 61.415 58.674 60.876 58.711 60.369 c
58.748 59.866 59.051 59.767 59.314 59.876 c
59.645 60.009 59.823 60.494 59.823 61.066 c
h
60.68 65.322 m
61.096 65.076 61.33 64.738 61.33 63.964 c
61.33 59.582 l
59.871 59.582 l
59.871 60.169 l
59.689 59.76 59.267 59.484 58.608 59.484 c
58.04 59.484 57.146 59.729 57.146 61.092 c
57.146 62.351 57.992 62.619 58.873 63.005 c
59.731 63.381 59.823 63.434 59.823 63.757 c
59.823 64.812 l
59.823 65.211 59.591 65.388 59.157 65.363 c
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(Counterparty risk)Tj
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/F5 1 Tf
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/F1 1 Tf
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52.266 0 TD
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50.878 0 TD
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50.713 0 TD
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49.434 0 TD
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(Liquidity risk)Tj
/F1 1 Tf
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50.267 0 TD
(t the Portfolio's ability to )Tj
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(Market risk)Tj
/F1 1 Tf
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( 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
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/F5 1 Tf
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(Operational risk)Tj
/F1 1 Tf
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50.318 0 TD
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(Beta)Tj
/F1 1 Tf
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( 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
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(in the value of the fund are to the benchmark. If above 1.00, then fund uctuations have been greater than the benchmark.)Tj
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(Commissions)Tj
/F1 1 Tf
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( Total amount paid to executing brokers in relation to dealing in buying and selling of investments in the Fund during year e)Tj
49.487 0 TD
(nding 30 November 2018.)Tj
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( The return of the fund in excess of the benchmark/index return \(annualised\).)Tj
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/F1 1 Tf
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( Measure of the actual deviation of the funds returns from the comparative benchmark index returns \(annualised\). A higher nu)Tj
51.155 0 TD
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(Historical Volatility of Portfolio)Tj
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( Illustrates the dispersion of the funds realized monthly returns around the average monthly return, indicating how volatile)Tj
49.432 0 TD
( the )Tj
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(funds return is over time. The higher the number the more volatile the funds returns.)Tj
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(Net Asset Value)Tj
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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
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(Ongoing Charges)Tj
/F1 1 Tf
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( The ongoing charges gure is based on the funds expenses during the previous 12 months, on a rolling basis. It excludes tra)Tj
50.54 0 TD
(nsaction costs and )Tj
-57.918 -1.3125 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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(Other Expenses)Tj
/F1 1 Tf
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( Fees deduced from the Funds assets incurred as part of the Funds operations, including, where applicable, costs incurred b)Tj
50.652 0 TD
(y the Fund when )Tj
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(investing in other funds.)Tj
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0.53 0.32 0.11 0 k
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/F5 1 Tf
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0 0 0 1 k
(Other Costs)Tj
/F1 1 Tf
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( Total amount of costs incurred by the Fund outside Commissions during year ending 30 November 2018. These may include, but n)Tj
52.262 0 TD
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-57.2196 -1.3125 TD
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0.53 0.32 0.11 0 k
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/F5 1 Tf
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(R)Tj
/F2 1 Tf
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(2)Tj
/F1 1 Tf
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( 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
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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
(Swing pricing)Tj
/F1 1 Tf
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( 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
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/F5 1 Tf
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0 0 0 1 k
(Transactions costs)Tj
/F1 1 Tf
8 0 0 8 102.6525 64.8892 Tm
( Total trading costs of transactions incurred by the fund, including Commissions during year ending 30 November 2018. Does no)Tj
51.429 0 TD
(t include trading )Tj
-59.573 -1.3125 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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0 0 0 1 k
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/F1 1 Tf
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( Measure of how frequently over the period assets are bought or sold in the fund \(Lower of Purchases or sales by the Fund/Ave)Tj
51.375 0 TD
(rage net assets of the )Tj
-57.4535 -1.3125 TD
(Fund\).)Tj
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(Additional Notes)Tj
8 0 0 8 27.5 761.8892 Tm
0 0 0 1 k
-0.025 Tc
(This material is a nancial promotion and has been issued by Goldman Sachs International, authorised by the Prudential Regulati)Tj
48.2029 0 TD
(on Authority and regulated by the Financial )Tj
-48.2029 -1.3125 TD
(Conduct Authority and the Prudential Regulation Authority.)Tj
0 -1.375 TD
(Furthermore, this information should not be construed as nancial research. It was not prepared in compliance with applicable p)Tj
48.146 0 TD
(rovisions of law designed to promote the )Tj
-48.146 -1.3125 TD
(independence of nancial analysis and is not subject to a prohibition on trading following the distribution of nancial researc)Tj
46.592 0 TD
(h.)Tj
-46.592 -1.375 TD
(This information is intended for viewing only by the intended recipient and may not be reproduced or distributed to any person )Tj
47.257 0 TD
(in whole or in part without the prior written consent of )Tj
-47.257 -1.3125 TD
(GSI. Goldman Sachs International accepts no liability for the misuse or inappropriate distribution of this material.)Tj
/F5 1 Tf
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(Offering Documents)Tj
/F1 1 Tf
7.605 0 TD
(: This material is provided at your request for informational purposes only and does not constitute a solicitation in any juris)Tj
45.4769 0 TD
(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
-46.814 -1.3125 TD
(investment, prospective investors should carefully read the latest Key Investor Information Document \(KIID\) as well as the offe)Tj
47.259 0 TD
(ring documentation, including but not limited to the )Tj
-47.259 -1.3125 TD
(funds prospectus which contains inter alia a comprehensive disclosure of applicable risks. The relevant articles of associatio)Tj
47.032 0 TD
(n, prospectus, supplement, KIID and latest annual/)Tj
-47.032 -1.3125 TD
(semi-annual report are available free of charge from the funds paying and information agent and/or from your nancial adviser )Tj
47.757 0 TD
(and at www.gsam.com/kiids.)Tj
/F5 1 Tf
-47.757 -1.375 TD
(Distribution of Shares)Tj
/F1 1 Tf
8.283 0 TD
(: Shares of the fund may not be registered for public distribution in a number of jurisdictions \(including but not limited to a)Tj
45.0919 0 TD
(ny Latin American, African or Asian )Tj
-53.3749 -1.3125 TD
(countries\). Therefore, the shares of the fund must not be marketed or offered in or to residents of any such jurisdictions unle)Tj
46.313 0 TD
(ss such marketing or offering is made in compliance )Tj
-46.313 -1.3125 TD
(with applicable exemptions for the private placement of collective investment schemes and other applicable jurisdictional rules)Tj
47.646 0 TD
( and regulations.)Tj
/F5 1 Tf
-47.646 -1.375 TD
(Investment Advice and Potential Loss)Tj
/F1 1 Tf
14.265 0 TD
(: Financial advisers generally suggest a diversied portfolio of investments. The fund described herein does not represent a di)Tj
46.9209 0 TD
(versied )Tj
-61.1859 -1.3125 TD
(investment by itself. This material must not be construed as investment or tax advice. Prospective investors should consult the)Tj
47.144 0 TD
(ir nancial and tax adviser before investing in order to )Tj
-47.144 -1.3125 TD
(determine whether an investment would be suitable for them.)Tj
/F5 1 Tf
0 -1.375 TD
(An investor should only invest if he/she has the necessary nancial resources to bear a complete loss of this investment.)Tj
T*
(Swing Pricing)Tj
/F1 1 Tf
5.454 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
46.2569 0 TD
(n the fund performing differently )Tj
-51.7109 -1.3125 TD
(compared to the reference benchmark based solely on the effect of swing pricing rather than price developments of underlying in)Tj
48.536 0 TD
(struments.)Tj
-48.536 -1.375 TD
(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
48.868 0 TD
(arter.)Tj
-48.868 -1.375 TD
(Additional information is provided in our Form ADV Part-2 which is available at http://www.adviserinfo.sec.gov/IAPD/Content/Sea)Tj
48.315 0 TD
(rch/iapd_Search.aspx.)Tj
/F5 1 Tf
-48.315 -1.375 TD
(The relevant articles of association, prospectus, supplement and key investor information document \(KIID\) and latest annual/sem)Tj
48.931 0 TD
(i-annual report \(as applicable\) are available free )Tj
-48.931 -1.3125 TD
(of charge from the funds paying and information agents as listed below:)Tj
0 -1.375 TD
(Austria)Tj
/F1 1 Tf
2.769 0 TD
(: Raiffeisen Bank International AG, Am Stadtpark 9, A-1030 Wien, Austria.)Tj
/F5 1 Tf
-2.769 -1.375 TD
(Belgium)Tj
/F1 1 Tf
3.214 0 TD
(: RBC Investor Services, Place Rogier II, 1210 Brussels, Belgium.)Tj
/F5 1 Tf
-3.214 -1.375 TD
(Denmark)Tj
/F1 1 Tf
3.491 0 TD
(: 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
-2.627 -1.375 TD
(Germany)Tj
/F1 1 Tf
3.435 0 TD
(: State Street Bank GmbH, Brienner Strasse 59, 80333 Munich, Germany.)Tj
/F5 1 Tf
-3.435 -1.375 TD
(Greece)Tj
/F1 1 Tf
2.794 0 TD
(: Piraeus Bank S.A., 4 Amerikis Street, 10564 Athens, Greece.)Tj
/F5 1 Tf
-2.794 -1.375 TD
(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
-49.296 -1.3125 TD
(20121 Milan, Italy; RBC Investor Services Bank Milan- Milan Branch, Cia Vittor Pisani, 26, 20154 Milan, Italy; State Street Ban)Tj
46.365 0 TD
(k S.pA., Via Col Moschin, 16 , 20136 Milan, Italy; BNP )Tj
-46.365 -1.3125 TD
(Paribas Securities Services Succursale di Milano, Via Ansperto 5, 20121 Milan, Italy; Banca Sella, Piazza Gaudenzio Sella 1, 1)Tj
47.2 0 TD
(3900 Biella Bl., Italy.)Tj
/F5 1 Tf
-47.2 -1.375 TD
(Luxembourg)Tj
/F1 1 Tf
4.749 0 TD
(: State Street Bank Luxembourg S.A., 49, avenue J.F. Kennedy, L-1855 Luxembourg.)Tj
/F5 1 Tf
-4.749 -1.375 TD
(Sweden)Tj
/F1 1 Tf
3.184 0 TD
(: 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
-52.3279 -1.375 TD
(Switzerland)Tj
/F1 1 Tf
4.615 0 TD
(: Swiss Representative of the fund is First Independent Fund Services Ltd, Klausstrasse 33, 8008 Zurich. Paying Agent of the fu)Tj
46.8669 0 TD
(nd in Switzerland is Goldman Sachs Bank )Tj
-51.4819 -1.3125 TD
(AG, Claridenstrasse 25, 8022 Zurich. The Key Investor Information Document \(KIID\) as well as the annual and semi-annual reports)Tj
48.367 0 TD
( of the fund may be obtained free of charge at the )Tj
-48.367 -1.3125 TD
(Swiss Representative or Goldman Sachs Bank AG in Zurich.)Tj
0 -1.375 TD
(Please note in addition for:)Tj
/F5 1 Tf
T*
(Australia)Tj
/F1 1 Tf
3.497 0 TD
(: This material is distributed in Australia and New Zealand by Goldman Sachs Asset Management Australia Pty Ltd ABN 41 006 099 )Tj
48.9199 0 TD
(681, AFSL 228948 \(GSAMA\) and is )Tj
-52.4169 -1.3125 TD
(intended for viewing only by wholesale clients in Australia for the purposes of section 761G of the Corporations Act 2001 \(Cth\))Tj
46.756 0 TD
( and to clients who either fall within any or all of the )Tj
-46.756 -1.3125 TD
(categories of investors set out in section 3\(2\) or sub-section 5\(2CC\) of the Securities Act 1978 \(NZ\).)Tj
/F5 1 Tf
0 -1.375 TD
(Hong Kong)Tj
/F1 1 Tf
4.164 0 TD
(: This material has been issued or approved for use in or from Hong Kong by Goldman Sachs Asset Management \(Hong Kong\) Limited.)Tj
/F5 1 Tf
-4.164 -1.375 TD
(Netherlands)Tj
/F1 1 Tf
4.725 0 TD
(: The fund is included in the register kept by the Stichting Autoriteit Financile Markten.)Tj
/F5 1 Tf
-4.725 -1.375 TD
(Singapore)Tj
/F1 1 Tf
3.942 0 TD
(: This material has been issued or approved for use in or from Singapore by Goldman Sachs Asset Management \(Singapore\) Pte. Ltd)Tj
49.4239 0 TD
(. \(Company Number: 201329851H\).)Tj
/F5 1 Tf
-53.3659 -1.375 TD
(Spain)Tj
/F1 1 Tf
2.209 0 TD
(: The fund is a foreign UCITS registered with the CNMV registry with number 141 \(SICAV\), 913 \(SICAV II\), 305 \(PLC\). A full desc)Tj
46.8169 0 TD
(ription and KIID for the fund and other mandatory )Tj
-49.0259 -1.3125 TD
(documentation is available free of charge from any of the authorised distributors of the fund listed in the Comisin Nacional d)Tj
46.704 0 TD
(el Mercado de Valores \(CNMV\) webpage at )Tj
-46.704 -1.3125 TD
(www.cnmv.es.)Tj
/F5 1 Tf
0 -21.125 TD
(Condentiality)Tj
/F1 1 Tf
0 -1.375 TD
(No part of this material may, without GSAMs prior written consent, be \(i\) copied, photocopied or duplicated in any form, by an)Tj
47.036 0 TD
(y means, or \(ii\) distributed to any person that is not an )Tj
-47.036 -1.3125 TD
(employee, ofcer, director, or authorized agent of the recipient.)Tj
0 -1.375 TD
( 2019 Goldman Sachs. All rights reserved.)Tj
T*
(Registered and Principal Ofces:)Tj
/F5 1 Tf
12.309 0 TD
( Luxembourg domiciled Funds Registered Ofce:)Tj
/F1 1 Tf
18.428 0 TD
( c/o State Street Bank Luxembourg S.A., 49, Avenue J-F Kennedy L-1855, Luxembourg)Tj
0.53 0.32 0.11 0 k
-6.765 -2.1737 TD
0 Tc
(4)Tj
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