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233.11 603.767 l
232.5 603.514 l
S
q
226.5 507.389 8 25.5 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 Japan Equity Partners Portfolio - )Tj
0 -1.25 TD
(Class I Shares \(Acc.\) \(GBP-Hedged\))Tj
/F2 1 Tf
4 0 0 4 345.356 519.9892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
394 507.389 4 25.5 re
W n
1 0.84 0.31 0.17 K
3 w
394 532.889 m
398 532.889 l
S
Q
q
400 507.389 4 25.5 re
W n
1 0.84 0.31 0.17 K
3 w
400 532.889 m
404 532.889 l
S
Q
BT
/F1 1 Tf
8 0 0 8 407 526.8892 Tm
-0.025 Tc
(Topix Index)Tj
ET
q
0.2 i
407 522.389 153.5 10.5 re
W n
BT
8 0 0 8 441.68 526.8892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 443.704 526.8892 Tm
(Net Total Return, Hedged, GBP)Tj
ET
q
0.2 i
407 522.389 153.5 10.5 re
W n
BT
8 0 0 8 536.568 526.8892 Tm
0 Tc
(\))Tj
/F2 1 Tf
4 0 0 4 538.592 529.9892 Tm
(\()Tj
ET
Q
BT
/F2 1 Tf
4 0 0 4 539.28 529.9892 Tm
0 Tc
(3)Tj
ET
q
0.2 i
407 522.389 153.5 10.5 re
W n
BT
4 0 0 4 540.856 529.9892 Tm
(\))Tj
ET
Q
BT
8 0 0 8 212.5 501.3892 Tm
(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
212.5 432.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 448.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 437.8892 Tm
0 0 0 0 k
-0.015 Tc
(Performance Summary \(%\))Tj
/F5 1 Tf
8 0 0 8 398.052 420.8892 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
477.5 403.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 416.389 m
481.5 391.389 l
S
Q
BT
8 0 0 8 491.748 407.8892 Tm
(1 Y)Tj
ET
q
0.2 i
482.5 403.389 20 11 re
W n
BT
8 0 0 8 500.476 407.8892 Tm
0 Tc
(r)Tj
ET
Q
BT
8 0 0 8 518.836 407.8892 Tm
[(3 Yrs)-2042(5 Yrs)]TJ
ET
0.132 0.08 0.028 0 k
212.5 403.389 130 -13 re
f
BT
8 0 0 8 217.5 394.8893 Tm
0 0 0 1 k
(Class I Shares \(Acc.\) \(GBP-Hedged\))Tj
4 0 0 4 311.108 398.3892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
342.5 390.389 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 403.389 45 -13 re
f
Q
BT
8 0 0 8 367.516 394.8893 Tm
-0.025 Tc
(74.70)Tj
ET
q
387.5 390.389 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 403.389 30 -13 re
f
Q
BT
8 0 0 8 400.868 394.8893 Tm
(0.00)Tj
ET
0.132 0.08 0.028 0 k
417.5 403.389 30 -13 re
f
BT
8 0 0 8 427.516 394.8893 Tm
0 0 0 1 k
(15.93)Tj
ET
0.132 0.08 0.028 0 k
447.5 403.389 30 -13 re
f
BT
8 0 0 8 460.868 394.8893 Tm
0 0 0 1 k
(0.00)Tj
ET
q
477.5 390.389 5 13 re
W n
0.132 0.08 0.028 0 k
477.5 403.389 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 403.389 m
481.5 378.389 l
S
Q
0.132 0.08 0.028 0 k
482.5 403.389 25 -13 re
f
BT
8 0 0 8 487.516 394.8893 Tm
0 0 0 1 k
(27.43)Tj
ET
0.132 0.08 0.028 0 k
507.5 403.389 30 -13 re
f
BT
8 0 0 8 517.516 394.8893 Tm
0 0 0 1 k
(10.83)Tj
ET
0.132 0.08 0.028 0 k
537.5 403.389 30 -13 re
f
BT
8 0 0 8 547.516 394.8893 Tm
0 0 0 1 k
(13.62)Tj
-41.252 -1.625 TD
(Topix Index\(Net Total Return, Hedged, GBP\))Tj
4 0 0 4 334.804 385.3892 Tm
-0.05 Tc
(\(3\))Tj
8 0 0 8 367.516 381.8892 Tm
-0.025 Tc
[(17.27)-2296(0.25)-1877(14.4)]TJ
ET
q
0.2 i
417.5 377.389 25 11 re
W n
BT
8 0 0 8 439.148 381.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 460.868 381.8892 Tm
(0.25)Tj
ET
q
477.5 377.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 390.389 m
481.5 365.389 l
S
Q
BT
8 0 0 8 490.868 381.8892 Tm
[(9.05)-2296(1.30)-2296(6.29)]TJ
ET
q
212.5 354.889 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 371.389 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 360.3892 Tm
0 0 0 0 k
-0.015 Tc
(Calendar Year Performance \(%\))Tj
/F2 1 Tf
8 0 0 8 449.092 346.3892 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
212.5 341.889 230 -13 re
f
BT
8 0 0 8 217.5 333.3892 Tm
0 0 0 1 k
(Class I Shares \(Acc.\) \(GBP-Hedged\))Tj
ET
q
442.5 328.889 25 13 re
W n
0.132 0.08 0.028 0 k
442.5 341.889 25 -13 re
f
Q
BT
8 0 0 8 452.196 333.3892 Tm
(-4.6)Tj
ET
0.132 0.08 0.028 0 k
467.5 341.889 25 -13 re
f
BT
8 0 0 8 475.868 333.3892 Tm
0 0 0 1 k
(35.0)Tj
ET
q
492.5 328.889 25 13 re
W n
0.132 0.08 0.028 0 k
492.5 341.889 25 -13 re
f
Q
BT
8 0 0 8 498.844 333.3892 Tm
(-13.3)Tj
ET
0.132 0.08 0.028 0 k
517.5 341.889 25 -13 re
f
BT
8 0 0 8 525.868 333.3892 Tm
0 0 0 1 k
(26.)Tj
ET
q
0.2 i
517.5 328.889 20 11 re
W n
BT
8 0 0 8 534.148 333.3892 Tm
0 Tc
(4)Tj
ET
Q
q
542.5 328.889 25 13 re
W n
0.132 0.08 0.028 0 k
542.5 341.889 25 -13 re
f
Q
BT
8 0 0 8 550.868 333.3892 Tm
(27.5)Tj
-41.671 -1.625 TD
[(Topix Index\(Net Total Return, Hedged, GBP\))-14674(-2.3)-1671(22.1)-1418(-16.)]TJ
ET
q
0.2 i
492.5 315.889 20 11 re
W n
BT
8 0 0 8 509.148 320.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 525.868 320.3892 Tm
[(17.7)-2090(6.6)]TJ
/F5 1 Tf
-38.546 -22.6112 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
90.884 44.887 90.838 44.472 90.838 44.023 c
89.292 44.023 l
89.292 44.707 89.504 45.144 89.874 45.401 c
90.232 45.672 90.749 45.772 91.353 45.772 c
93.359 45.772 93.618 44.91 93.618 43.877 c
93.618 41.054 l
f
96.451 45.088 m
96.474 45.088 l
96.632 45.346 96.821 45.514 97.033 45.614 c
97.26 45.727 97.516 45.772 97.807 45.772 c
98.556 45.772 99.22 45.322 99.22 44.538 c
99.22 40.002 l
97.64 40.002 l
97.64 43.9 l
97.64 44.403 97.549 44.797 97.046 44.797 c
96.541 44.797 96.451 44.403 96.451 43.9 c
96.451 40.002 l
94.871 40.002 l
94.871 45.66 l
96.451 45.66 l
96.451 45.088 l
f
101.795 41.761 m
101.795 41.357 101.862 40.865 102.379 40.865 c
103.309 40.865 103.164 42.118 103.164 42.735 c
102.379 42.701 101.795 42.77 101.795 41.761 c
104.709 41.054 m
104.709 40.706 104.754 40.349 104.789 40.002 c
103.318 40.002 l
103.253 40.751 l
103.231 40.751 l
102.896 40.169 102.436 39.891 101.753 39.891 c
100.652 39.891 100.25 40.706 100.25 41.693 c
100.25 43.564 101.695 43.642 103.164 43.62 c
103.164 44.057 l
103.164 44.538 103.097 44.887 102.525 44.887 c
101.975 44.887 101.931 44.472 101.931 44.023 c
100.386 44.023 l
100.386 44.707 100.598 45.144 100.967 45.401 c
101.326 45.672 101.841 45.772 102.446 45.772 c
104.453 45.772 104.709 44.91 104.709 43.877 c
104.709 41.054 l
f
108.061 41.054 m
108.63 41.054 108.708 41.648 108.708 42.848 c
108.708 44.091 108.653 44.797 108.072 44.797 c
107.476 44.797 107.374 44.382 107.374 42.657 c
107.374 42.129 107.296 41.054 108.061 41.054 c
110.29 45.66 m
110.29 39.765 l
110.29 39.374 110.311 37.826 108.136 37.826 c
106.959 37.826 105.953 38.131 105.919 39.509 c
107.465 39.509 l
107.465 39.274 107.499 39.072 107.599 38.938 c
107.702 38.791 107.881 38.713 108.126 38.713 c
108.519 38.713 108.708 39.082 108.708 39.655 c
108.708 40.741 l
108.687 40.741 l
108.453 40.303 108.003 40.08 107.488 40.08 c
105.751 40.08 105.83 41.67 105.83 42.949 c
105.83 44.192 105.852 45.772 107.499 45.772 c
108.061 45.772 108.54 45.525 108.765 44.997 c
108.787 44.997 l
108.787 45.66 l
110.29 45.66 l
f
114.523 43.464 m
114.523 44.012 114.546 44.797 113.795 44.797 c
113.067 44.797 113.08 43.944 113.08 43.464 c
h
113.08 42.578 m
113.08 41.904 113.101 40.898 113.795 40.898 c
114.356 40.898 114.468 41.435 114.468 41.904 c
116.071 41.904 l
116.048 41.288 115.846 40.785 115.464 40.439 c
115.095 40.091 114.535 39.891 113.795 39.891 c
111.757 39.891 111.488 41.133 111.488 42.903 c
111.488 44.45 111.713 45.772 113.795 45.772 c
115.924 45.772 116.16 44.393 116.105 42.578 c
113.08 42.578 l
f
118.85 45.088 m
118.873 45.088 l
119.186 45.593 119.612 45.772 120.205 45.772 c
120.767 45.772 121.213 45.502 121.471 45.055 c
121.842 45.546 122.29 45.772 122.938 45.772 c
123.69 45.772 124.351 45.322 124.351 44.538 c
124.351 40.002 l
122.771 40.002 l
122.771 43.9 l
122.771 44.403 122.682 44.797 122.176 44.797 c
121.674 44.797 121.584 44.403 121.584 43.9 c
121.584 40.002 l
120.039 40.002 l
120.039 43.9 l
120.039 44.403 119.948 44.797 119.444 44.797 c
118.94 44.797 118.85 44.403 118.85 43.9 c
118.85 40.002 l
117.271 40.002 l
117.271 45.66 l
118.85 45.66 l
118.85 45.088 l
f
128.441 43.464 m
128.441 44.012 128.462 44.797 127.712 44.797 c
126.983 44.797 126.994 43.944 126.994 43.464 c
h
126.994 42.578 m
126.994 41.904 127.016 40.898 127.712 40.898 c
128.272 40.898 128.384 41.435 128.384 41.904 c
129.986 41.904 l
129.965 41.288 129.762 40.785 129.381 40.439 c
129.011 40.091 128.453 39.891 127.712 39.891 c
125.673 39.891 125.405 41.133 125.405 42.903 c
125.405 44.45 125.628 45.772 127.712 45.772 c
129.84 45.772 130.076 44.393 130.02 42.578 c
126.994 42.578 l
f
132.777 45.088 m
132.798 45.088 l
132.955 45.346 133.146 45.514 133.359 45.614 c
133.582 45.727 133.842 45.772 134.131 45.772 c
134.882 45.772 135.544 45.322 135.544 44.538 c
135.544 40.002 l
133.963 40.002 l
133.963 43.9 l
133.963 44.403 133.875 44.797 133.37 44.797 c
132.867 44.797 132.777 44.403 132.777 43.9 c
132.777 40.002 l
131.197 40.002 l
131.197 45.66 l
132.777 45.66 l
132.777 45.088 l
f
q
27.594 27.518 111.827 41.827 re
W n
136.385 45.66 m
137.024 45.66 l
137.024 46.556 l
138.602 47.262 l
138.602 45.66 l
139.421 45.66 l
139.421 44.685 l
138.602 44.685 l
138.602 41.659 l
138.602 41.233 138.591 40.954 139.108 40.954 c
139.209 40.954 139.309 40.954 139.387 40.975 c
139.387 40.002 l
139.175 39.978 138.95 39.944 138.57 39.944 c
137.203 39.944 137.024 40.852 137.024 41.2 c
137.024 44.685 l
136.385 44.685 l
136.385 45.66 l
f
0.5 0.25 0 0.1 k
27.595 69.345 41.778 -41.827 re
f
Q
0 0 0 0 k
39.023 62.533 m
39.023 61.455 39.023 60.486 38.811 60.031 c
38.705 59.804 38.549 59.675 38.266 59.675 c
37.984 59.675 37.826 59.804 37.721 60.031 c
37.507 60.486 37.508 61.455 37.508 62.533 c
37.508 63.612 37.507 64.582 37.721 65.037 c
37.826 65.262 37.984 65.39 38.266 65.39 c
38.549 65.39 38.705 65.262 38.811 65.037 c
39.023 64.582 39.023 63.612 39.023 62.533 c
39.587 65.077 m
39.209 65.396 38.8 65.598 38.266 65.598 c
37.738 65.597 37.321 65.373 36.961 65.047 c
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
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6 0 0 6 299.032 630.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 630.3892 Tm
0 0 0 1 k
(Financials)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(5.1)Tj
ET
q
0.2 i
287.5 617.889 16 8 re
W n
BT
6 0 0 6 299.032 621.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 621.3892 Tm
0 0 0 1 k
(Communication Services)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(2.1)Tj
ET
q
0.2 i
287.5 608.889 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
(Consumer Staples)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(0.0)Tj
ET
q
0.2 i
287.5 599.889 16 8 re
W n
BT
6 0 0 6 299.032 603.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 603.3892 Tm
0 0 0 1 k
(Energy)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(0.0)Tj
ET
q
0.2 i
287.5 590.889 16 8 re
W n
BT
6 0 0 6 299.032 594.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 594.3892 Tm
0 0 0 1 k
(Real Estate)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(0.0)Tj
ET
q
0.2 i
287.5 581.889 16 8 re
W n
BT
6 0 0 6 299.032 585.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 585.3892 Tm
0 0 0 1 k
(Utilities)Tj
/F5 1 Tf
1 0.43 0 0.65 k
-2.4213 -1.5 TD
(2.7)Tj
ET
q
0.2 i
287.5 572.889 16 8 re
W n
BT
6 0 0 6 299.032 576.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 576.3892 Tm
0 0 0 1 k
(Cash and cash equivalents)Tj
ET
q
0.2 i
431.5 671.889 18 8 re
W n
0 0 0 1 K
0.5 w
/GS2 gs
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
S
Q
0.92 0.73 0.2 0.05 k
/GS2 gs
430 640.889 m
430 670.889 l
444.741 670.889 457.297 660.18 459.624 645.624 c
h
430 640.889 m
f
/GS1 gs
430 640.889 m
430 670.889 l
444.741 670.889 457.297 660.18 459.624 645.624 c
h
430 640.889 m
S
430 640.889 m
459.624 645.624 l
461.034 636.804 458.44 627.815 452.549 621.102 c
h
430 640.889 m
f
430 640.889 m
459.624 645.624 l
461.034 636.804 458.44 627.815 452.549 621.102 c
h
430 640.889 m
S
430 640.889 m
452.549 621.102 l
445.294 612.835 434.097 609.2 423.37 611.631 c
h
430 640.889 m
f
430 640.889 m
452.549 621.102 l
445.294 612.835 434.097 609.2 423.37 611.631 c
h
430 640.889 m
S
430 640.889 m
423.37 611.631 l
417.26 613.015 411.737 616.278 407.576 620.96 c
h
430 640.889 m
f
430 640.889 m
423.37 611.631 l
417.261 613.015 411.737 616.278 407.576 620.96 c
h
430 640.889 m
S
430 640.889 m
407.576 620.96 l
404.856 624.021 402.792 627.605 401.509 631.493 c
h
430 640.889 m
f
430 640.889 m
407.576 620.96 l
404.856 624.021 402.792 627.605 401.509 631.493 c
h
430 640.889 m
S
430 640.889 m
401.509 631.493 l
399.808 636.651 399.539 642.174 400.731 647.473 c
h
430 640.889 m
f
430 640.889 m
401.509 631.493 l
399.808 636.651 399.539 642.174 400.731 647.473 c
h
430 640.889 m
S
430 640.889 m
400.731 647.473 l
401.965 652.959 404.716 657.988 408.671 661.986 c
h
430 640.889 m
f
430 640.889 m
400.731 647.473 l
401.965 652.959 404.716 657.988 408.671 661.986 c
h
430 640.889 m
S
430 640.889 m
408.671 661.986 l
412.355 665.711 416.951 668.406 422.001 669.803 c
h
430 640.889 m
f
430 640.889 m
408.671 661.986 l
412.355 665.711 416.951 668.406 422.001 669.803 c
h
430 640.889 m
S
430 640.889 m
422.001 669.803 l
422.424 669.92 422.85 670.028 423.279 670.127 c
h
430 640.889 m
f
430 640.889 m
422.001 669.803 l
422.424 669.92 422.85 670.028 423.279 670.127 c
h
430 640.889 m
S
430 640.889 m
423.279 670.127 l
424.625 670.436 425.991 670.652 427.367 670.773 c
h
430 640.889 m
f
430 640.889 m
423.279 670.127 l
424.625 670.436 425.991 670.652 427.367 670.773 c
h
430 640.889 m
S
430 640.889 m
427.367 670.773 l
428.243 670.851 429.121 670.889 430 670.889 c
h
430 640.889 m
f
430 640.889 m
427.367 670.773 l
428.243 670.851 429.121 670.889 430 670.889 c
h
430 640.889 m
S
0 0 0 0 k
445 640.889 m
445 649.173 438.284 655.889 430 655.889 c
421.716 655.889 415 649.173 415 640.889 c
415 632.605 421.716 625.889 430 625.889 c
438.284 625.889 445 632.605 445 640.889 c
f
445 640.889 m
445 649.173 438.284 655.889 430 655.889 c
421.716 655.889 415 649.173 415 640.889 c
415 632.605 421.716 625.889 430 625.889 c
438.284 625.889 445 632.605 445 640.889 c
S
BT
/F5 1 Tf
6 0 0 6 468.008 675.3892 Tm
0.92 0.73 0.2 0.05 k
(22.5)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
(Industrials)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.5 TD
(14.0)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
/F1 1 Tf
6 0 0 6 485 666.3892 Tm
0 0 0 1 k
(Information Technology)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.5 TD
(17.1)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
/F1 1 Tf
6 0 0 6 485 657.3892 Tm
0 0 0 1 k
(Consumer Discretionary)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(9.9)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
/F1 1 Tf
6 0 0 6 485 648.3892 Tm
0 0 0 1 k
(Health Care)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(6.5)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
0 0 0 1 k
(Materials)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(8.6)Tj
ET
q
0.2 i
465 626.889 16 8 re
W n
BT
6 0 0 6 476.532 630.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 630.3892 Tm
0 0 0 1 k
(Financials)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(8.9)Tj
ET
q
0.2 i
465 617.889 16 8 re
W n
BT
6 0 0 6 476.532 621.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 621.3892 Tm
0 0 0 1 k
(Communication Services)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(8.3)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
(Consumer Staples)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(0.7)Tj
ET
q
0.2 i
465 599.889 16 8 re
W n
BT
6 0 0 6 476.532 603.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 603.3892 Tm
0 0 0 1 k
(Energy)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(2.2)Tj
ET
q
0.2 i
465 590.889 16 8 re
W n
BT
6 0 0 6 476.532 594.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 594.3892 Tm
0 0 0 1 k
(Real Estate)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(1.4)Tj
ET
q
0.2 i
465 581.889 16 8 re
W n
BT
6 0 0 6 476.532 585.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 585.3892 Tm
0 0 0 1 k
(Utilities)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.5 TD
(0.0)Tj
ET
q
0.2 i
465 572.889 16 8 re
W n
BT
6 0 0 6 476.532 576.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 576.3892 Tm
0 0 0 1 k
(Cash and cash equivalents)Tj
ET
q
212.5 542.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 558.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 547.8893 Tm
0 0 0 0 k
-0.015 Tc
(Top 10 Holdings)Tj
/F5 1 Tf
6.5 0 0 6.5 291.48 550.5892 Tm
0 Tc
(\(5\))Tj
/F2 1 Tf
8 0 0 8 217.5 533.8892 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
212.5 528.389 139 -14 re
f
BT
8 0 0 8 217.5 519.8892 Tm
0 0 0 1 k
(Nidec Corp)Tj
ET
q
351.5 514.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 528.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 519.8892 Tm
(6.3)Tj
ET
0.132 0.08 0.028 0 k
376.5 528.389 11 -14 re
f
q
387.5 514.389 70 14 re
W n
387.5 528.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 519.8892 Tm
0 0 0 1 k
(Japan)Tj
ET
q
457.5 514.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 528.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 519.8892 Tm
(Capital Goods)Tj
-30 -1.75 TD
[(TDK Corp)-15027(6.3)-2000(Japan)-6655(Technology Hardware & Equipment)]TJ
ET
q
212.5 486.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 500.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 491.8892 Tm
(Shin-Etsu Chemical Co Ltd)Tj
ET
q
351.5 486.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 500.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 491.8892 Tm
(6.3)Tj
ET
q
376.5 486.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 500.389 11 -14 re
f
Q
q
387.5 486.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 500.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 491.8892 Tm
(Japan)Tj
ET
q
457.5 486.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 500.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 491.8892 Tm
(Materials)Tj
-30 -1.75 TD
[(Hoya Corp)-14719(6.2)-2000(Japan)-6655(Health Care Equipment & Services)]TJ
ET
q
212.5 458.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 472.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 463.8892 Tm
(Recruit Holdings Co Ltd)Tj
ET
q
351.5 458.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 472.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 463.8892 Tm
(5.3)Tj
ET
q
376.5 458.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 472.389 11 -14 re
f
Q
q
387.5 458.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 472.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 463.8892 Tm
(Japan)Tj
ET
q
457.5 458.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 472.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 463.8892 Tm
(Commercial & Professional Services)Tj
-30 -1.75 TD
[(Nitori Holdings Co Ltd)-10824(5.0)-2000(Japan)-6655(Retailing)]TJ
ET
q
212.5 430.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 444.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 435.8892 Tm
(Sony Corp)Tj
ET
q
351.5 430.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 444.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 435.8892 Tm
(4.7)Tj
ET
q
376.5 430.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 444.389 11 -14 re
f
Q
q
387.5 430.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 444.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 435.8892 Tm
(Japan)Tj
ET
q
457.5 430.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 444.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 435.8892 Tm
(Consumer Durables & Apparel)Tj
-30 -1.75 TD
[(Pan Pacic International Holdings Corp)-5174(4.6)-2000(Japan)-6655(Retailing)]TJ
ET
q
212.5 402.389 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 416.389 139 -14 re
f
Q
BT
8 0 0 8 217.5 407.8892 Tm
(Tokio Marine Holdings Inc)Tj
ET
q
351.5 402.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 416.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 407.8892 Tm
(4.1)Tj
ET
q
376.5 402.389 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 416.389 11 -14 re
f
Q
q
387.5 402.389 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 416.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 407.8892 Tm
(Japan)Tj
ET
q
457.5 402.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 416.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 407.8892 Tm
(Insurance)Tj
-30 -1.75 TD
[(SMC Corp)-14749(4.0)-2000(Japan)-6655(Capital Goods)]TJ
/F5 1 Tf
0 -29.2987 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
217.5 135 350 30.5 re
W n
BT
8 0 0 8 217.5 139.5 Tm
0 Tc
()Tj
ET
Q
BT
8 0 0 8 221.3 139.5 Tm
(uctuate and can go down as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 132 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 129 Tm
(Please note that this estimated transaction costs gure has not been calculated using the prescribed methodologies )Tj
-0.444 -1.25 TD
(required 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 102 Tm
( \(2\))Tj
8 0 0 8 448.956 99 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 92 Tm
( \(3\))Tj
8 0 0 8 481.244 89 Tm
(This fund is not managed )Tj
-32.968 -1.25 TD
[(against a benchmark. The TOPIX \(Net T)74(otal Return, Unhedged, JPY\) is a reference index only)50(.)]TJ
4 0 0 4 486.5641 82 Tm
( \(4\))Tj
8 0 0 8 491.0041 79 Tm
(Fund returns are shown )Tj
-34.188 -1.25 TD
[(net of applicable ongoing fees within the portfolio, with dividends re-invested using the ex-dividend NA)37(V)100(.)0( These returns )]TJ
T*
(are for comparison of performance against specied index. As the investor may be liable to other fees, charges and )Tj
T*
(taxes, they are not meant to provide a measure of actual return to investors. The performance data do not take account )Tj
T*
(of the commissions and costs incurred on the issue and redemption of shares.)Tj
4 0 0 4 444.0521 42 Tm
( \(5\))Tj
8 0 0 8 448.492 39 Tm
(Portfolio holdings may not represent )Tj
-28.874 -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
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
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()Tj
/F5 1 Tf
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0 0 0 1 k
(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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-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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( 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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-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
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( Represents the net assets of the fund \(ex-dividend\) divided by the total number of shares issued by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 166.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 166.8892 Tm
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
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/F6 1 Tf
6 0 0 6 27.5 144.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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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
8 0 0 8 44.002 99.3892 Tm
( Measure that represents the percentage of a portfolio movement linked to movements in the benchmark index return \(annualised)Tj
52.433 0 TD
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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
()Tj
/F5 1 Tf
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0 0 0 1 k
(Swing pricing)Tj
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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
(spreads incurred on transactions.)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
(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
0 0 0 1 k
-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
(h.)Tj
-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
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0 -1.375 TD
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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
(ring documentation, including but not limited to the )Tj
-46.4653 -1.3125 TD
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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
0 Tw
(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
BT
8 0 0 8 27.5 558.8892 Tm
0 Tc
(t)Tj
ET
Q
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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
0 Tw
(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
/F5 1 Tf
-47.5213 -1.375 TD
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
46.4603 0 TD
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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
(nd in Switzerland is Goldman Sachs Bank AG, )Tj
-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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/F5 1 Tf
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(Hong Kong)Tj
/F1 1 Tf
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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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(Spain)Tj
/F1 1 Tf
2.1778 0 TD
0.0001 Tw
(: 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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-0.025 Tc
(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
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( 2021 Goldman Sachs. All rights reserved.)Tj
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(Registered and Principal Ofces:)Tj
/F5 1 Tf
12.309 0 TD
-0.0313 Tc
( Luxembourg domiciled Funds Registered Ofce:)Tj
/F1 1 Tf
18.1468 0 TD
-0.025 Tc
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