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(0.03)Tj
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[(Other Costs \(%\))-12255(0.0)]TJ
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(4)Tj
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7 0 0 7 218.176 686.8893 Tm
(190)Tj
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544.453 640.651 l
539.888 622.786 l
535.164 627.038 l
530.599 632.056 l
525.882 623.641 l
521.165 615.99 l
516.599 612.571 l
511.882 607.013 l
507.317 594.784 l
502.606 613.066 l
498.193 625.283 l
493.476 626.633 l
488.759 621.897 l
484.194 618.443 l
479.47 614.528 l
474.905 612.368 l
470.188 616.26 l
465.471 615.878 l
460.906 608.082 l
456.188 615.698 l
451.63 611.175 l
446.912 610.411 l
442.652 606.585 l
437.934 597.743 l
433.217 607.497 l
428.652 606.585 l
423.929 618.432 l
419.363 618.353 l
414.646 617.723 l
409.929 614.191 l
405.364 615.36 l
400.647 615.822 l
396.082 614.1 l
391.371 617.588 l
387.11 623.888 l
382.393 616.215 l
377.676 614.168 l
373.11 611.682 l
368.387 609.443 l
363.822 606.585 l
359.105 606.687 l
354.387 603.379 l
349.822 603.019 l
345.105 599.678 l
340.54 597.034 l
335.829 595.414 l
331.568 592.737 l
326.851 589.936 l
322.134 587.146 l
317.569 585.683 l
312.845 587.1 l
308.28 586.909 l
303.563 586.122 l
298.846 580.902 l
294.281 583.816 l
289.563 584.49 l
284.998 582.33 l
280.287 575.029 l
275.875 574.782 l
271.157 581.993 l
266.44 583.748 l
261.875 584.873 l
257.151 576.863 l
252.586 581.397 l
247.869 588.743 l
243.152 587.663 l
238.587 590.318 l
233.87 590.115 l
232.5 586.639 l
S
1 0.84 0.31 0.17 K
[4 2 ]0 d
553.887 661.339 m
549.17 663.218 l
544.453 655.534 l
539.888 634.969 l
535.164 640.054 l
530.599 645.983 l
525.882 635.228 l
521.165 627.87 l
516.599 623.911 l
511.882 617.003 l
507.317 602.941 l
502.606 622.583 l
498.193 636.286 l
493.476 637.276 l
488.759 632.528 l
484.194 628.242 l
479.47 624.417 l
474.905 621.289 l
470.188 624.36 l
465.471 623.618 l
460.906 614.382 l
456.188 622.965 l
451.63 617.869 l
446.912 616.002 l
442.652 611.862 l
437.934 601.917 l
433.217 612.436 l
428.652 610.883 l
423.929 621.717 l
419.363 620.907 l
414.646 619.107 l
409.929 614.719 l
405.364 614.787 l
400.647 613.909 l
396.082 612.323 l
391.371 615.406 l
387.11 621.503 l
382.393 614.112 l
377.676 612.244 l
373.11 609.319 l
368.387 606.811 l
363.822 603.897 l
359.105 603.717 l
354.387 600.691 l
349.822 600.207 l
345.105 597.597 l
340.54 595.786 l
335.829 594.503 l
331.568 591.263 l
326.851 588.495 l
322.134 585.829 l
317.569 584.243 l
312.845 586.414 l
308.28 585.818 l
303.563 585.728 l
298.846 581.205 l
294.281 582.421 l
289.563 581.813 l
284.998 580.137 l
280.287 573.398 l
275.875 574.141 l
271.157 580.508 l
266.44 582.409 l
261.875 582.949 l
257.151 574.962 l
252.586 578.821 l
247.869 586.245 l
243.152 584.266 l
238.587 586.887 l
233.87 586.504 l
232.5 586.639 l
S
0 0.59 1 0.18 K
[]0 d
553.887 671.352 m
549.17 668.427 l
544.453 662.239 l
539.888 643.227 l
535.164 649.977 l
530.599 652.564 l
525.882 643.452 l
521.165 632.652 l
516.599 627.927 l
511.882 620.052 l
507.317 604.414 l
502.606 625.677 l
498.193 644.014 l
493.476 643.564 l
488.759 640.414 l
484.194 635.239 l
479.47 631.414 l
474.905 629.277 l
470.188 634.339 l
465.471 631.414 l
460.906 622.527 l
456.188 633.889 l
451.63 628.714 l
446.912 628.939 l
442.652 624.552 l
437.934 611.727 l
433.217 624.214 l
428.652 625.339 l
423.929 638.952 l
419.363 639.289 l
414.646 636.027 l
409.929 631.977 l
405.364 633.552 l
400.647 631.414 l
396.082 626.352 l
391.371 631.189 l
387.11 637.377 l
382.393 628.039 l
377.676 624.777 l
373.11 622.414 l
368.387 619.264 l
363.822 615.214 l
359.105 614.314 l
354.387 610.489 l
349.822 608.689 l
345.105 606.664 l
340.54 604.077 l
335.829 602.952 l
331.568 599.464 l
326.851 596.089 l
322.134 594.064 l
317.569 589.339 l
312.845 590.802 l
308.28 590.689 l
303.563 590.352 l
298.846 584.952 l
294.281 588.552 l
289.563 586.527 l
284.998 585.402 l
280.287 578.652 l
275.875 577.639 l
271.157 586.527 l
266.44 587.652 l
261.875 586.527 l
257.151 577.977 l
252.586 581.914 l
247.869 587.539 l
243.152 584.952 l
238.587 587.314 l
233.87 585.739 l
232.5 586.639 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 Global CORE )Tj
0 -1.25 TD
(Equity Portfolio - Class IO )Tj
T*
(Shares \(Acc.\) \(Snap\))Tj
/F2 1 Tf
4 0 0 4 299.724 509.9892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
337.5 497.389 4 35.5 re
W n
1 0.84 0.31 0.17 K
3 w
337.5 532.889 m
341.5 532.889 l
S
Q
q
343.5 497.389 4 35.5 re
W n
1 0.84 0.31 0.17 K
3 w
343.5 532.889 m
347.5 532.889 l
S
Q
BT
/F1 1 Tf
8 0 0 8 350.5 526.8892 Tm
-0.025 Tc
(MSCI World Index - USD )Tj
ET
q
0.2 i
350.5 512.389 97 20.5 re
W n
BT
8 0 0 8 426.78 526.8892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 428.804 526.8892 Tm
(Net )Tj
-9.788 -1.25 TD
(Total Return\))Tj
/F2 1 Tf
4 0 0 4 389.236 519.9892 Tm
-0.05 Tc
(\(5\))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 Large-Cap )Tj
T*
(Blend Equity)Tj
/F2 1 Tf
4 0 0 4 499.092 519.9892 Tm
-0.05 Tc
(\(1\))Tj
8 0 0 8 212.5 491.3893 Tm
0 Tc
(This is an actively managed fund that is not designed to track its reference benchmark. Therefore the performance of the )Tj
T*
(fund and the performance of its reference benchmark may diverge. In addition stated reference benchmark returns do not )Tj
T*
(reect any management or other charges to the fund, whereas stated returns of the fund do.)Tj
/F5 1 Tf
33.316 0 TD
( Past performance does not )Tj
-33.316 -1.25 TD
[(guarantee future results, which may vary)37(. The value of investments and the income derived from investments )]TJ
T*
[(will uctuate and can go down as well as up. A loss of capital may occur)70(.)]TJ
ET
q
212.5 422.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 438.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 427.8893 Tm
0 0 0 0 k
-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)-9389(Annualised)]TJ
/F2 1 Tf
-6.419 -1.625 TD
[(Since Launch)-1709(1 Mth)-1345(3 Mths)-2325(YTD)]TJ
ET
q
477.5 393.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 406.389 m
481.5 381.389 l
S
Q
BT
8 0 0 8 491.748 397.8893 Tm
(1 Y)Tj
ET
q
0.2 i
482.5 393.389 20 11 re
W n
BT
8 0 0 8 500.476 397.8893 Tm
0 Tc
(r)Tj
ET
Q
BT
8 0 0 8 518.836 397.8893 Tm
[(3 Yrs)-2042(5 Yrs)]TJ
ET
q
212.5 380.389 130 13 re
W n
0.132 0.08 0.028 0 k
212.5 393.389 130 -13 re
f
Q
BT
8 0 0 8 217.5 384.8892 Tm
(Class IO Shares \(Acc.\) \(Snap\))Tj
4 0 0 4 294.78 388.3892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
342.5 380.389 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 393.389 45 -13 re
f
Q
BT
8 0 0 8 367.516 384.8892 Tm
-0.025 Tc
(75.30)Tj
ET
q
387.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 400.868 384.8892 Tm
(1.51)Tj
ET
q
417.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
417.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 427.516 384.8892 Tm
(16.63)Tj
ET
q
447.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
447.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 460.868 384.8892 Tm
(1.51)Tj
ET
q
477.5 380.389 5 13 re
W n
0.132 0.08 0.028 0 k
477.5 393.389 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 393.389 m
481.5 368.389 l
S
Q
q
482.5 380.389 25 13 re
W n
0.132 0.08 0.028 0 k
482.5 393.389 25 -13 re
f
Q
BT
8 0 0 8 487.516 384.8892 Tm
(16.05)Tj
ET
q
507.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
507.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 520.868 384.8892 Tm
(6.50)Tj
ET
q
537.5 380.389 30 13 re
W n
0.132 0.08 0.028 0 k
537.5 393.389 30 -13 re
f
Q
BT
8 0 0 8 547.516 384.8892 Tm
(13.75)Tj
-41.252 -1.625 TD
(MSCI World Index - USD \(Net Total Return\))Tj
4 0 0 4 334.14 375.3892 Tm
-0.05 Tc
(\(5\))Tj
8 0 0 8 367.516 371.8892 Tm
-0.025 Tc
[(66.40)-1902(\(0.99\))-1877(16.40)-1902(\(0.99\))]TJ
ET
q
477.5 367.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 380.389 m
481.5 355.389 l
S
Q
BT
8 0 0 8 487.516 371.8892 Tm
[(15.41)-2296(8.29)-1877(13.3)]TJ
ET
q
0.2 i
537.5 367.389 25 11 re
W n
BT
8 0 0 8 559.1479 371.8892 Tm
0 Tc
(4)Tj
ET
Q
0.132 0.08 0.028 0 k
212.5 367.389 130 -13 re
f
BT
8 0 0 8 217.5 358.8892 Tm
0 0 0 1 k
(Morningstar Global Large-Cap Blend Equity)Tj
4 0 0 4 334.124 362.3892 Tm
-0.05 Tc
(\(1\))Tj
ET
q
342.5 354.389 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 367.389 45 -13 re
f
Q
q
387.5 354.389 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 367.389 30 -13 re
f
Q
BT
8 0 0 8 400.868 358.8892 Tm
-0.025 Tc
(0.11)Tj
ET
0.132 0.08 0.028 0 k
417.5 367.389 30 -13 re
f
BT
8 0 0 8 427.516 358.8892 Tm
0 0 0 1 k
(16.99)Tj
ET
0.132 0.08 0.028 0 k
447.5 367.389 30 -13 re
f
BT
8 0 0 8 460.868 358.8892 Tm
0 0 0 1 k
(0.11)Tj
ET
q
477.5 354.389 5 13 re
W n
0.132 0.08 0.028 0 k
477.5 367.389 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 367.389 m
481.5 342.389 l
S
Q
0.132 0.08 0.028 0 k
482.5 367.389 25 -13 re
f
BT
8 0 0 8 487.516 358.8892 Tm
0 0 0 1 k
(15.40)Tj
ET
0.132 0.08 0.028 0 k
507.5 367.389 30 -13 re
f
BT
8 0 0 8 520.868 358.8892 Tm
0 0 0 1 k
(5.72)Tj
ET
0.132 0.08 0.028 0 k
537.5 367.389 30 -13 re
f
BT
8 0 0 8 547.516 358.8892 Tm
0 0 0 1 k
(11.40)Tj
-41.252 -1.625 TD
(Quartile Position in Sector)Tj
4 0 0 4 287.62 349.3892 Tm
-0.05 Tc
(\(1\))Tj
8 0 0 8 409.148 345.8892 Tm
3.306 Tc
(131)Tj
ET
q
477.5 341.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 354.389 m
481.5 329.389 l
S
Q
BT
8 0 0 8 499.148 345.8892 Tm
(221)Tj
ET
q
212.5 318.889 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 335.389 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 324.3892 Tm
0 0 0 0 k
-0.015 Tc
(Calendar Year Performance \(%\))Tj
/F2 1 Tf
8 0 0 8 449.092 310.3892 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
212.5 305.889 230 -13 re
f
BT
8 0 0 8 217.5 297.3892 Tm
0 0 0 1 k
(Class IO Shares \(Acc.\) \(Snap\))Tj
ET
q
442.5 292.889 25 13 re
W n
0.132 0.08 0.028 0 k
442.5 305.889 25 -13 re
f
Q
BT
8 0 0 8 454.22 297.3892 Tm
(8.5)Tj
ET
0.132 0.08 0.028 0 k
467.5 305.889 25 -13 re
f
BT
8 0 0 8 475.868 297.3892 Tm
0 0 0 1 k
(26.2)Tj
ET
q
492.5 292.889 25 13 re
W n
0.132 0.08 0.028 0 k
492.5 305.889 25 -13 re
f
Q
BT
8 0 0 8 498.844 297.3892 Tm
(-10.6)Tj
ET
0.132 0.08 0.028 0 k
517.5 305.889 25 -13 re
f
BT
8 0 0 8 525.868 297.3892 Tm
0 0 0 1 k
(23.1)Tj
ET
q
542.5 292.889 25 13 re
W n
0.132 0.08 0.028 0 k
542.5 305.889 25 -13 re
f
Q
BT
8 0 0 8 550.868 297.3892 Tm
(14.7)Tj
-41.671 -1.625 TD
[(MSCI World Index - USD \(Net Total Return\))-15010(7.5)-1671(22.)]TJ
ET
q
0.2 i
467.5 279.889 20 11 re
W n
BT
8 0 0 8 484.148 284.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 502.196 284.3892 Tm
[(-8.7)-1671(27.7)-1671(15.9)]TJ
/F5 1 Tf
-35.587 -18.1112 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
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
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0.132 0.08 0.028 0 k
142.5 550.889 55 -23.5 re
f
BT
8 0 0 8 158.94 542.3892 Tm
0 0 0 1 k
(GSGCEIO 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
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W n
0.132 0.08 0.028 0 k
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f
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BT
8 0 0 8 32.5 505.8892 Tm
(Dealing and valuation)Tj
ET
q
0.6 i
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W n
0.132 0.08 0.028 0 k
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BT
8 0 0 8 178.836 505.8892 Tm
(Dail)Tj
ET
q
142.5 501.389 50 11 re
W n
BT
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0 Tc
(y)Tj
ET
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BT
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[(Reporting year end)-9065(30 Novembe)]TJ
ET
q
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W n
BT
8 0 0 8 190.476 492.8892 Tm
0 Tc
(r)Tj
ET
Q
q
0.6 i
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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
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T*
(Benchmark)Tj
ET
q
0.6 i
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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 96.916 479.8892 Tm
(MSCI World Index - USD \(Net Total )Tj
9.513 -1.3125 TD
(Return\))Tj
-17.565 -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
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BT
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(Region Allocation \(%\))Tj
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[(Goldman Sachs Global CORE Equity Portfolio)-12707.3(MSCI World )]TJ
ET
q
390 682.889 177 8 re
W n
BT
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0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 419.934 686.3893 Tm
(Net Total Return, Unhedged, USD)Tj
ET
q
390 682.889 177 8 re
W n
BT
6 0 0 6 493.732 686.3893 Tm
0 Tc
(\))Tj
ET
Q
q
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W n
0 0 0 1 K
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271.19 673.895 l
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Q
0 0.59 1 0.18 k
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252.5 670.889 l
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S
252.5 640.889 m
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h
252.5 640.889 m
f
252.5 640.889 m
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h
252.5 640.889 m
S
252.5 640.889 m
229.248 659.846 l
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h
252.5 640.889 m
f
252.5 640.889 m
229.248 659.846 l
233.459 665.011 239.271 668.627 245.765 670.124 c
h
252.5 640.889 m
S
252.5 640.889 m
245.765 670.124 l
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h
252.5 640.889 m
f
252.5 640.889 m
245.765 670.124 l
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h
252.5 640.889 m
S
252.5 640.889 m
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h
252.5 640.889 m
f
252.5 640.889 m
249.674 670.756 l
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h
252.5 640.889 m
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267.5 640.889 m
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260.784 625.889 267.5 632.605 267.5 640.889 c
S
BT
/F5 1 Tf
6 0 0 6 290.508 675.3892 Tm
0 0.59 1 0.18 k
(71.8)Tj
ET
q
0.2 i
287.5 671.889 16 8 re
W n
BT
6 0 0 6 299.032 675.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
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(North America)Tj
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-2.832 -1.5 TD
(14.0)Tj
ET
q
0.2 i
287.5 662.889 16 8 re
W n
BT
6 0 0 6 299.032 666.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
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(Japan)Tj
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-2.832 -1.5 TD
(10.5)Tj
ET
q
0.2 i
287.5 653.889 16 8 re
W n
BT
6 0 0 6 299.032 657.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
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(Europe ex-UK)Tj
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(2.1)Tj
ET
q
0.2 i
287.5 644.889 16 8 re
W n
BT
6 0 0 6 299.032 648.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
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(Asia ex-Japan)Tj
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0 0.59 1 0.18 k
-2.4213 -1.5 TD
(1.5)Tj
ET
q
0.2 i
287.5 635.889 16 8 re
W n
BT
6 0 0 6 299.032 639.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 639.3892 Tm
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(UK)Tj
ET
q
0.2 i
431.5 671.889 18 8 re
W n
0 0 0 1 K
0.5 w
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448.346 673.91 m
439.95 677.837 432.082 677.142 y
432 679.889 m
432 674.272 l
446.781 676.483 m
448.69 673.895 l
445.535 672.594 l
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0.92 0.73 0.2 0.05 k
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430 640.889 m
430 670.889 l
446.569 670.889 460 657.458 460 640.889 c
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f
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430 670.889 l
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S
430 640.889 m
402.017 630.075 l
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430 640.889 m
f
430 640.889 m
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h
430 640.889 m
S
430 640.889 m
400.219 644.505 l
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h
430 640.889 m
f
430 640.889 m
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h
430 640.889 m
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f
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h
430 640.889 m
S
430 640.889 m
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424.481 670.507 427.234 670.889 430 670.889 c
h
430 640.889 m
f
430 640.889 m
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445 649.173 438.284 655.889 430 655.889 c
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S
BT
/F5 1 Tf
6 0 0 6 468.008 675.3892 Tm
0.92 0.73 0.2 0.05 k
(69.2)Tj
ET
q
0.2 i
465 671.889 16 8 re
W n
BT
6 0 0 6 476.532 675.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 675.3892 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
(7.8)Tj
ET
q
0.2 i
465 662.889 16 8 re
W n
BT
6 0 0 6 476.532 666.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
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(Japan)Tj
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0.92 0.73 0.2 0.05 k
-2.832 -1.5 TD
(15.0)Tj
ET
q
0.2 i
465 653.889 16 8 re
W n
BT
6 0 0 6 476.532 657.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
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(Europe ex-UK)Tj
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0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(3.7)Tj
ET
q
0.2 i
465 644.889 16 8 re
W n
BT
6 0 0 6 476.532 648.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
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6 0 0 6 485 648.3892 Tm
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(Asia ex-Japan)Tj
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0.92 0.73 0.2 0.05 k
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(4.4)Tj
ET
q
0.2 i
465 635.889 16 8 re
W n
BT
6 0 0 6 476.532 639.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 639.3892 Tm
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(UK)Tj
ET
q
212.5 581.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 597.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 586.8893 Tm
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(Top 10 Holdings)Tj
/F5 1 Tf
6.5 0 0 6.5 291.48 589.5892 Tm
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(\(6\))Tj
/F2 1 Tf
8 0 0 8 217.5 572.8892 Tm
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[(Security)-15753(%)-2000(Geography)-5088(Activity)]TJ
ET
0.132 0.08 0.028 0 k
212.5 567.389 139 -14 re
f
BT
8 0 0 8 217.5 558.8892 Tm
0 0 0 1 k
(Apple Inc)Tj
ET
q
351.5 553.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 567.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 558.8892 Tm
(3.8)Tj
ET
0.132 0.08 0.028 0 k
376.5 567.389 11 -14 re
f
q
387.5 553.389 70 14 re
W n
387.5 567.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 558.8892 Tm
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(US)Tj
ET
q
457.5 553.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 567.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 558.8892 Tm
(Information Technology)Tj
-30 -1.75 TD
[(Microsoft Corp)-13177(3.7)-2000(US)-7744(Information Technology)]TJ
ET
q
212.5 525.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 539.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 530.8892 Tm
(Alphabet Inc-Cl C)Tj
ET
q
351.5 525.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 539.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 530.8892 Tm
(2.7)Tj
ET
q
376.5 525.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 539.389 11 -14 re
f
Q
q
387.5 525.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 539.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 530.8892 Tm
(US)Tj
ET
q
457.5 525.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 539.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 530.8892 Tm
(Communication Services)Tj
-30 -1.75 TD
[(Facebook Inc)-13851(2.2)-2000(US)-7744(Communication Services)]TJ
ET
0.132 0.08 0.028 0 k
212.5 511.389 139 -14 re
f
BT
8 0 0 8 217.5 502.8892 Tm
0 0 0 1 k
(Amazon.com Inc)Tj
ET
q
351.5 497.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 511.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 502.8892 Tm
(2.1)Tj
ET
0.132 0.08 0.028 0 k
376.5 511.389 11 -14 re
f
q
387.5 497.389 70 14 re
W n
387.5 511.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 502.8892 Tm
0 0 0 1 k
(US)Tj
ET
q
457.5 497.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 511.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 502.8892 Tm
(Consumer Discretionary)Tj
-30 -1.75 TD
[(PayPal Holdings Inc)-11639(1.7)-2000(US)-7744(Information Technology)]TJ
ET
q
212.5 469.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 483.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 474.8892 Tm
(Roche Holding AG)Tj
ET
q
351.5 469.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 483.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 474.8892 Tm
(1.3)Tj
ET
q
376.5 469.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 483.389 11 -14 re
f
Q
q
387.5 469.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 483.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 474.8892 Tm
(Switzerland)Tj
ET
q
457.5 469.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 483.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 474.8892 Tm
(Health Care)Tj
-30 -1.75 TD
[(Costco Wholesale Corp)-10300(1.3)-2000(US)-7744(Consumer Staples)]TJ
ET
0.132 0.08 0.028 0 k
212.5 455.389 139 -14 re
f
BT
8 0 0 8 217.5 446.8892 Tm
0 0 0 1 k
(Target Corp)Tj
ET
q
351.5 441.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 455.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 446.8892 Tm
(1.3)Tj
ET
0.132 0.08 0.028 0 k
376.5 455.389 11 -14 re
f
q
387.5 441.389 70 14 re
W n
387.5 455.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 446.8892 Tm
0 0 0 1 k
(US)Tj
ET
q
457.5 441.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 455.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 446.8892 Tm
(Consumer Discretionary)Tj
-30 -1.75 TD
[(Walmart Inc)-14047(1.3)-2000(US)-7744(Consumer Staples)]TJ
/F5 1 Tf
0 -30.4237 TD
(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
217.5 165 350 30.5 re
W n
BT
8 0 0 8 217.5 169.5 Tm
0 Tc
()Tj
ET
Q
BT
8 0 0 8 221.3 169.5 Tm
(uctuate and can go down as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 162 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 159 Tm
(The Morningstar sector average gures are calculated using all open funds available in the universe at the indicated )Tj
-0.444 -1.25 TD
(time period. The number of funds in a Morningstar sector varies over time as new funds are launched and funds close. )Tj
T*
[(Source: Morningstar 2021 Morningstar)70(, Inc. All Rights Reserved.)]TJ
4 0 0 4 411.252 142 Tm
( \(2\))Tj
8 0 0 8 415.692 139 Tm
(Please note that this estimated transaction costs )Tj
-24.774 -1.25 TD
(gure has not been calculated using the prescribed methodologies required under EU regulations \(i.e. MIFID II and )Tj
T*
(PRIIPS\). Where required by law or regulation, you may receive additional estimates of transaction costs from us which )Tj
T*
(will be calculated using these prescribed methodologies. These additional estimates may differ from the estimated )Tj
T*
(transaction cost gure included here.)Tj
4 0 0 4 326.324 102 Tm
( \(3\))Tj
8 0 0 8 330.764 99 Tm
[(The ongoing charges gure is based on expenses during the previous year)70(. See )]TJ
-14.158 -1.25 TD
(details in the Key Investor Information Document.)Tj
4 0 0 4 362.324 92 Tm
( \(4\))Tj
8 0 0 8 366.764 89 Tm
(Fund returns are shown net of applicable ongoing fees within the )Tj
-18.658 -1.25 TD
[(portfolio, with dividends re-invested using the ex-dividend NA)37(V)100(.)0( These returns are for comparison of performance against )]TJ
T*
(specied index. As the investor may be liable to other fees, charges and taxes, they are not meant to provide a measure )Tj
T*
(of actual return to investors. The performance data do not take account of the commissions and costs incurred on the )Tj
T*
(issue and redemption of shares.)Tj
4 0 0 4 311.668 52 Tm
( \(5\))Tj
8 0 0 8 316.108 49 Tm
[(The MSCI W)18(orld Index is quoted at month-end with income reinvested and, in )]TJ
-12.326 -1.25 TD
(contrast to the Portfolio, is shown without the deduction of any expenses.)Tj
4 0 0 4 432.5 42 Tm
( \(6\))Tj
8 0 0 8 436.94 39 Tm
(Portfolio holdings may not represent )Tj
-27.43 -1.25 TD
(current, future investments or all 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
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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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/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
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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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(Model risk)Tj
/F1 1 Tf
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( the Investment Adviser employs sophisticated models, developed by Goldman Sachs, which select investments for the Portfolio. I)Tj
51.765 0 TD
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-56.4272 -1.3125 TD
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50.322 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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(Operational risk)Tj
/F1 1 Tf
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( 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
/F5 1 Tf
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(Glossary)Tj
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0.6 i
27.5 276.889 540 15 re
W n
1 0.84 0.31 0.17 K
0 J 0 j 2 w 10 M []0 d
27.5 291.889 m
567.5 291.889 l
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/F6 1 Tf
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()Tj
/F5 1 Tf
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/F1 1 Tf
8 0 0 8 53.5565 270.3892 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
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-51.993 -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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(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 2020.)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
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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
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51.155 0 TD
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-61.6015 -1.3125 TD
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/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
(funds return is over time. The higher the number the more volatile the funds returns.)Tj
/F6 1 Tf
6 0 0 6 27.5 178.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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0 0 0 1 k
(Net Asset Value)Tj
/F1 1 Tf
8 0 0 8 92.75 178.8892 Tm
( Represents the net assets of the fund \(ex-dividend\) divided by the total number of shares issued by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 166.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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0 0 0 1 k
(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
(performance fees incurred by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 144.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 144.3892 Tm
0 0 0 1 k
(Other Expenses)Tj
/F1 1 Tf
8 0 0 8 91.322 144.3892 Tm
( 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
-57.3797 -1.3125 TD
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/F6 1 Tf
6 0 0 6 27.5 121.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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0 0 0 1 k
(Other Costs)Tj
/F1 1 Tf
8 0 0 8 77.161 121.8892 Tm
( Total amount of costs incurred by the Fund outside Commissions during year ending 30 November 2020. These may include, but n)Tj
52.262 0 TD
(ot limited to, market )Tj
-57.2196 -1.3125 TD
(fees and local taxes.)Tj
/F6 1 Tf
6 0 0 6 27.5 99.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 99.3892 Tm
0 0 0 1 k
(R)Tj
/F2 1 Tf
4 0 0 4 42.226 102.8892 Tm
(2)Tj
/F1 1 Tf
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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
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-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
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/F5 1 Tf
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0 0 0 1 k
(Swing pricing)Tj
/F1 1 Tf
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( The swing factor represents the factor in place month end and is subject to change on any Dealing Day depending on prevailin)Tj
51.433 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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0 0 0 1 k
(Transactions costs)Tj
/F1 1 Tf
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( Total trading costs of transactions incurred by the fund, including Commissions during year ending 30 November 2020. 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
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/F5 1 Tf
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0 0 0 1 k
(Turnover ratio)Tj
/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
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8 0 0 8 27.5 761.8892 Tm
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-0.0313 Tc
0.0001 Tw
(This material is a nancial promotion and has been issued by Goldman Sachs International, authorised by the Prudential Regulati)Tj
47.4093 0 TD
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-47.4093 -1.3125 TD
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0 -1.375 TD
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47.3523 0 TD
(rovisions of law designed to promote the )Tj
-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
45.7983 0 TD
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-45.7983 -1.375 TD
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(This information is intended for viewing only by the intended recipient and may not be reproduced or distributed to any person )Tj
46.4633 0 TD
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(in whole or in part without the prior written consent of )Tj
-46.4633 -1.3125 TD
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(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
7.4925 0 TD
0.0001 Tw
(: This material is provided at your request for informational purposes only and does not constitute a solicitation in any juris)Tj
44.6833 0 TD
0 Tw
(diction in which such a solicitation is )Tj
-52.1758 -1.3125 TD
0.0001 Tw
(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
46.0203 0 TD
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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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-46.4653 -1.3125 TD
(funds prospectus which contains inter alia a comprehensive disclosure of applicable risks. The relevant articles of associatio)Tj
46.2383 0 TD
(n, prospectus, supplement, KIID and latest annual/semi-)Tj
-46.2383 -1.3125 TD
(annual report are available free of charge from the funds paying and information agent and/or from your nancial adviser and a)Tj
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(t www.gsam.com/kiids.)Tj
/F5 1 Tf
-46.9643 -1.375 TD
(Distribution of Shares)Tj
/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 \(including but not limited to a)Tj
44.2983 0 TD
0 Tw
(ny Latin American, African or Asian )Tj
-52.4438 -1.3125 TD
0.0001 Tw
(countries\). 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
0 Tw
(ss such marketing or offering is made in compliance with )Tj
-45.5193 -1.3125 TD
0.0001 Tw
(applicable exemptions for the private placement of collective investment schemes and other applicable jurisdictional rules and )Tj
46.8523 0 TD
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(regulations.)Tj
/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
0 Tw
(versied )Tj
-60.1673 -1.3125 TD
0.0001 Tw
(investment by itself. This material must not be construed as investment or tax advice. Prospective investors should consult the)Tj
46.3503 0 TD
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(ir nancial and tax adviser before investing in order to )Tj
-46.3503 -1.3125 TD
0.0001 Tw
(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
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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
0 Tw
(n the fund performing differently compared )Tj
ET
q
1 i
27.5 554.389 540 21.5 re
W n
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8 0 0 8 27.5 558.8892 Tm
0 Tc
(t)Tj
ET
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8 0 0 8 29.474 558.8892 Tm
0.0001 Tw
(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
48.0743 0 TD
(arter.)Tj
-48.0743 -1.375 TD
0.0001 Tw
(Additional information is provided in our Form ADV Part-2 which is available at http://www.adviserinfo.sec.gov/IAPD/Content/Sea)Tj
47.5213 0 TD
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(rch/iapd_Search.aspx.)Tj
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0.0001 Tw
(The relevant articles of association, prospectus, supplement and key investor information document \(KIID\) and latest annual/sem)Tj
48.1373 0 TD
(i-annual report \(as applicable\) are available free of )Tj
-48.1373 -1.3125 TD
(charge from the funds paying and information agents as listed below:)Tj
0 -1.375 TD
0 Tw
(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
0 Tw
(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
0 Tw
(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
0 Tw
(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
0 Tw
(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
0 Tw
(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
0 Tw
(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
45.6843 0 TD
(., 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
-46.4603 -1.375 TD
(Luxembourg)Tj
/F1 1 Tf
4.6865 0 TD
(: State Street Bank International GmbH, Luxembourg Branch, 49, avenue J.F. Kennedy, L-1855 Luxembourg.)Tj
/F5 1 Tf
-4.6865 -1.375 TD
(Sweden)Tj
/F1 1 Tf
3.1465 0 TD
0.0001 Tw
(: 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
46.0733 0 TD
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-50.6195 -1.3125 TD
(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
-47.1293 -1.3125 TD
(Representative or Goldman Sachs Bank AG in Zurich.)Tj
0 -1.375 TD
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(Please note in addition for:)Tj
/F5 1 Tf
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(Australia)Tj
/F1 1 Tf
3.4408 0 TD
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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
-4.1077 -1.375 TD
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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
-4.6562 -1.375 TD
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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
48.6303 0 TD
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(. \(Company Number: 201329851H\).)Tj
/F5 1 Tf
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/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
-45.9103 -1.3125 TD
(www.cnmv.es.)Tj
/F5 1 Tf
0 -19.8125 TD
(Condentiality)Tj
/F1 1 Tf
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( 2021 Goldman Sachs. All rights reserved.)Tj
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(Registered and Principal Ofces:)Tj
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( Luxembourg domiciled Funds Registered Ofce:)Tj
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