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(Update)Tj
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(Income with some capital appreciation.)Tj
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0 -1.25 TD
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T*
(high yield portfolio.)Tj
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(31-Jan-12 )Tj
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q
0.2 i
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(-)Tj
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( )Tj
-3.124 -1.2 TD
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(31-Jan-1)Tj
ET
q
0.2 i
77.5 542.389 19 12.5 re
W n
BT
5 0 0 5 94.58 544.8892 Tm
0 Tc
(3)Tj
ET
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BT
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(31-Jan-13 )Tj
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q
0.2 i
101.5 542.389 19 12.5 re
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5 0 0 5 119.41 550.8892 Tm
0 Tc
(-)Tj
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(31-Jan-1)Tj
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q
0.2 i
101.5 542.389 19 12.5 re
W n
BT
5 0 0 5 118.58 544.8892 Tm
0 Tc
(4)Tj
ET
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BT
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(31-Jan-14 )Tj
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q
0.2 i
125.5 542.389 19 12.5 re
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(31-Jan-1)Tj
ET
q
0.2 i
125.5 542.389 19 12.5 re
W n
BT
5 0 0 5 142.58 544.8892 Tm
0 Tc
(5)Tj
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BT
5 0 0 5 150.98 550.8892 Tm
(31-Jan-15 )Tj
ET
q
0.2 i
149.5 542.389 19 12.5 re
W n
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5 0 0 5 167.41 550.8892 Tm
0 Tc
(-)Tj
ET
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BT
5 0 0 5 168.5 550.8892 Tm
0 Tc
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-0.06 Tc
(31-Jan-1)Tj
ET
q
0.2 i
149.5 542.389 19 12.5 re
W n
BT
5 0 0 5 166.58 544.8892 Tm
0 Tc
(6)Tj
ET
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BT
5 0 0 5 174.98 550.8892 Tm
(31-Jan-16 )Tj
ET
q
0.2 i
173.5 542.389 19 12.5 re
W n
BT
5 0 0 5 191.41 550.8892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 192.5 550.8892 Tm
0 Tc
( )Tj
-3.124 -1.2 TD
-0.06 Tc
(31-Jan-1)Tj
ET
q
0.2 i
173.5 542.389 19 12.5 re
W n
BT
5 0 0 5 190.58 544.8892 Tm
0 Tc
(7)Tj
ET
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q
0.6 i
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W n
0.132 0.08 0.028 0 k
27.5 542.389 50 -13 re
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BT
8 0 0 8 32.5 533.8892 Tm
-0.025 Tc
(Fund \(EUR\))Tj
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q
0.6 i
77.5 529.389 24 13 re
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0.132 0.08 0.028 0 k
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BT
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0 Tc
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0.6 i
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0.6 i
125.5 529.389 24 13 re
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0.132 0.08 0.028 0 k
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(-)Tj
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0.6 i
149.5 529.389 24 13 re
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(-)Tj
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0.6 i
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173.5 542.389 24 -13 re
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(12.2)Tj
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2.722 Tc
(----)Tj
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-0.025 Tc
(12.0)Tj
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0.6 i
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0 Tc
[(F)20(und Data)]TJ
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BT
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(% in top 10)Tj
ET
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0.6 i
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0.132 0.08 0.028 0 k
162.5 477.889 35 -13 re
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Q
BT
8 0 0 8 185.796 469.3892 Tm
(29)Tj
-19.162 -1.625 TD
[(Historical Volatility Portfolio - 1 yr)-7278(3.72)]TJ
ET
q
0.6 i
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W n
0.132 0.08 0.028 0 k
27.5 451.889 135 -13 re
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BT
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(Historical Tracking Error - 1 yr)Tj
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q
0.6 i
162.5 438.889 35 13 re
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162.5 451.889 35 -13 re
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BT
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(0.53)Tj
-18.546 -1.625 TD
[(Excess Returns - 1 yr)-11573(0.26)]TJ
ET
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27.5 425.889 135 -13 re
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BT
8 0 0 8 32.5 417.3893 Tm
0 0 0 1 k
0 Tc
(R)Tj
ET
q
0.2 i
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BT
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(0.98)Tj
-18.546 -1.625 TD
[(Beta - 1 yr)-15100(1.05)]TJ
ET
q
0.6 i
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W n
0.132 0.08 0.028 0 k
27.5 399.889 135 -13 re
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BT
8 0 0 8 32.5 391.3892 Tm
(Swing Pricing \(%\))Tj
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q
0.6 i
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W n
0.132 0.08 0.028 0 k
162.5 399.889 35 -13 re
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Q
BT
8 0 0 8 40.5 378.3892 Tm
[(Subscription \(%\))-12004(0.39)]TJ
ET
0.132 0.08 0.028 0 k
27.5 373.889 135 -13 re
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BT
8 0 0 8 40.5 365.3892 Tm
0 0 0 1 k
(Redemption \(%\))Tj
ET
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162.5 373.889 35 -13 re
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BT
8 0 0 8 180.868 365.3892 Tm
0 0 0 1 k
(0.39)Tj
ET
q
0.6 i
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W n
0.132 0.08 0.028 0 k
27.5 354.189 135 -13 re
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BT
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ET
q
0.6 i
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W n
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162.5 354.189 35 -13 re
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BT
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(5.50)Tj
-18.546 -1.625 TD
[(Performance Fee Rate \(%\))-9790(N/)]TJ
ET
q
0.2 i
162.5 328.189 30 11 re
W n
BT
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0 Tc
(A)Tj
ET
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27.5 328.189 135 -13 re
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BT
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-0.05 Tc
(\(1\))Tj
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162.5 328.189 35 -13 re
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BT
8 0 0 8 180.868 319.6892 Tm
0 0 0 1 k
-0.025 Tc
(1.50)Tj
-17.546 -1.625 TD
[(Management Fee \(%\))-10222(1.25)]TJ
ET
q
0.6 i
27.5 289.189 135 13 re
W n
0.132 0.08 0.028 0 k
27.5 302.189 135 -13 re
f
Q
BT
8 0 0 8 40.5 293.6892 Tm
(Distribution Fee \(%\))Tj
ET
q
0.6 i
162.5 289.189 35 13 re
W n
0.132 0.08 0.028 0 k
162.5 302.189 35 -13 re
f
Q
BT
8 0 0 8 180.868 293.6892 Tm
(0.00)Tj
ET
q
0.6 i
212.5 697.889 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 714.389 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 703.3892 Tm
0 0 0 0 k
0 Tc
[(P)30(erformance \(Indexed\))]TJ
ET
0.132 0.08 0.028 0 k
232.5 687.889 335 -135 re
f
BT
/F1 1 Tf
7 0 0 7 225.311 542.8892 Tm
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[(09/15)-14414.4(03/16)-13683.4(09/16)-13597.4(03/17)]TJ
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0.6 i
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232.5 549.889 l
347.779 552.889 m
347.779 549.889 l
S
0 0 0 0 K
347.779 552.889 m
347.779 687.889 l
S
0 0 0 1 K
457.94 552.889 m
457.94 549.889 l
S
0 0 0 0 K
457.94 552.889 m
457.94 687.889 l
S
0 0 0 1 K
567.5 552.889 m
567.5 549.889 l
S
0 0 0 0 K
567.5 552.889 m
567.5 687.889 l
S
0 0 0 1 K
232.5 552.889 m
567.5 552.889 l
232.5 552.889 m
229.5 552.889 l
S
BT
7 0 0 7 221.284 551.8892 Tm
(90)Tj
ET
232.5 575.389 m
229.5 575.389 l
S
0 0 0 0 K
232.5 575.389 m
567.5 575.389 l
S
BT
7 0 0 7 221.284 574.3892 Tm
(95)Tj
ET
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232.5 597.889 m
229.5 597.889 l
S
0 0 0 0 K
232.5 597.889 m
567.5 597.889 l
S
BT
7 0 0 7 218.176 596.8892 Tm
(100)Tj
ET
0 0 0 1 K
232.5 620.389 m
229.5 620.389 l
S
0 0 0 0 K
232.5 620.389 m
567.5 620.389 l
S
BT
7 0 0 7 218.176 619.3892 Tm
(105)Tj
ET
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232.5 642.889 m
229.5 642.889 l
S
0 0 0 0 K
232.5 642.889 m
567.5 642.889 l
S
BT
7 0 0 7 218.176 641.8892 Tm
(110)Tj
ET
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232.5 665.389 m
229.5 665.389 l
S
0 0 0 0 K
232.5 665.389 m
567.5 665.389 l
S
BT
7 0 0 7 218.176 664.3892 Tm
(115)Tj
ET
0 0 0 1 K
232.5 687.889 m
229.5 687.889 l
S
BT
7 0 0 7 218.176 686.8893 Tm
(120)Tj
ET
232.5 552.889 m
232.5 687.889 l
S
1 0.84 0.31 0.17 K
1.5 w [4 2 ]0 d
531.708 652.294 m
513.046 645.769 l
494.385 645.499 l
476.326 651.394 l
457.639 649.819 l
439.58 647.029 l
420.919 643.654 l
402.257 634.069 l
384.198 628.489 l
365.537 624.169 l
347.478 615.619 l
328.841 601.804 l
311.384 598.159 l
292.723 600.454 l
274.061 604.864 l
256.002 606.304 l
237.316 589.699 l
232.5 597.889 l
S
0 0.97 1 0.5 K
[]0 d
531.708 650.404 m
513.046 643.699 l
494.385 643.069 l
476.326 650.134 l
457.639 649.099 l
439.58 647.254 l
420.919 643.204 l
402.257 633.664 l
384.198 628.084 l
365.537 623.404 l
347.478 614.854 l
328.841 600.814 l
311.384 595.459 l
292.723 599.869 l
274.061 604.729 l
256.002 605.809 l
237.316 589.879 l
232.5 597.889 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 Asia High Yield Bond Portfolio )Tj
0 -1.25 TD
(Other Currency Shares \(EUR-Hedged\))Tj
/F2 1 Tf
4 0 0 4 351.132 519.9892 Tm
-0.05 Tc
(\(2\))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
(JPM CEMBI Broad Diversied Asia High Yield )Tj
T*
(Index \(Total Return, Hedged, EUR\))Tj
/F2 1 Tf
4 0 0 4 508.84 519.9892 Tm
-0.05 Tc
(\(3\))Tj
8 0 0 8 212.5 501.3892 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*
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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
[(P)30(erformance Summary \(%\))]TJ
/F5 1 Tf
8 0 0 8 443.052 420.8892 Tm
0 0 0 1 k
-0.025 Tc
[(Cumulative)-5889(Annualised)]TJ
/F2 1 Tf
-6.669 -1.625 TD
[(Since Launch)-1709(1 Mth)-1345(3 Mths)-3200(YTD)-3656(1 Y)]TJ
ET
q
0.2 i
527.5 403.389 35 11 re
W n
BT
8 0 0 8 560.476 407.8892 Tm
0 Tc
(r)Tj
ET
Q
0.132 0.08 0.028 0 k
212.5 403.389 173 -13 re
f
BT
8 0 0 8 217.5 394.8893 Tm
0 0 0 1 k
(Other Currency Shares \(EUR-Hedged\))Tj
4 0 0 4 317.332 398.3892 Tm
-0.05 Tc
(\(2\))Tj
ET
q
385.5 390.389 45 13 re
W n
0.132 0.08 0.028 0 k
385.5 403.389 45 -13 re
f
Q
BT
8 0 0 8 410.516 394.8893 Tm
-0.025 Tc
(11.67)Tj
ET
q
430.5 390.389 30 13 re
W n
0.132 0.08 0.028 0 k
430.5 403.389 30 -13 re
f
Q
BT
8 0 0 8 443.868 394.8893 Tm
(1.35)Tj
ET
q
460.5 390.389 30 13 re
W n
0.132 0.08 0.028 0 k
460.5 403.389 30 -13 re
f
Q
BT
8 0 0 8 473.868 394.8893 Tm
(0.06)Tj
ET
q
490.5 390.389 37 13 re
W n
0.132 0.08 0.028 0 k
490.5 403.389 37 -13 re
f
Q
BT
8 0 0 8 510.868 394.8893 Tm
(1.35)Tj
ET
q
527.5 390.389 40 13 re
W n
0.132 0.08 0.028 0 k
527.5 403.389 40 -13 re
f
Q
BT
8 0 0 8 547.516 394.8893 Tm
(12.2)Tj
ET
q
0.2 i
527.5 390.389 35 11 re
W n
BT
8 0 0 8 559.1479 394.8893 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 217.5 381.8892 Tm
(JPM CEMBI Broad Diversied Asia High Yield Index \(Total )Tj
0 -1.3125 TD
(Return, Hedged, EUR\))Tj
4 0 0 4 275.692 374.8892 Tm
-0.05 Tc
(\(3\))Tj
8 0 0 8 410.516 381.8892 Tm
-0.025 Tc
[(12.09)-2296(1.30)-2296(0.17)-3171(1.30)-3127(11.99)]TJ
ET
q
212.5 344.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 360.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 349.8892 Tm
0 0 0 0 k
0 Tc
[(Calendar )180(Y)95(ear P)30(erformance \(%\))]TJ
/F2 1 Tf
8 0 0 8 449.092 335.8892 Tm
0 0 0 1 k
-0.025 Tc
[(2012)-1449(2013)-1449(201)]TJ
ET
q
0.2 i
492.5 331.389 20 11 re
W n
BT
8 0 0 8 509.148 335.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 524.092 335.8892 Tm
[(2015)-1449(2016)]TJ
ET
0.132 0.08 0.028 0 k
212.5 331.389 230 -13 re
f
BT
8 0 0 8 217.5 322.8892 Tm
0 0 0 1 k
(Other Currency Shares \(EUR-Hedged\))Tj
ET
q
442.5 318.389 25 13 re
W n
0.132 0.08 0.028 0 k
442.5 331.389 25 -13 re
f
Q
BT
8 0 0 8 460.476 322.8892 Tm
0 Tc
(-)Tj
ET
0.132 0.08 0.028 0 k
467.5 331.389 25 -13 re
f
BT
8 0 0 8 485.476 322.8892 Tm
0 0 0 1 k
(-)Tj
ET
q
492.5 318.389 25 13 re
W n
0.132 0.08 0.028 0 k
492.5 331.389 25 -13 re
f
Q
BT
8 0 0 8 510.476 322.8892 Tm
(-)Tj
ET
0.132 0.08 0.028 0 k
517.5 331.389 25 -13 re
f
BT
8 0 0 8 535.476 322.8892 Tm
0 0 0 1 k
(-)Tj
ET
q
542.5 318.389 25 13 re
W n
0.132 0.08 0.028 0 k
542.5 331.389 25 -13 re
f
Q
BT
8 0 0 8 554.22 322.8892 Tm
-0.025 Tc
(9.7)Tj
-42.09 -1.625 TD
(JPM CEMBI Broad Diversied Asia High Yield Index \(Total Return, Hedged, EUR\))Tj
30.372 0 TD
2.847 Tc
(----)Tj
11.299 0 TD
-0.025 Tc
(10.0)Tj
/F5 1 Tf
-41.671 -22.5487 TD
(Please see Additional Notes. All performance and holdings data as at 31-Jan-17.)Tj
/F2 1 Tf
0 -1.3125 TD
0 Tc
[(* W)18(e)0( identify two broad categories of funds to help investors think about how to construct their overall investment )]TJ
0 -1.25 TD
[(portfolio. W)18(e)0( describe the following as)]TJ
/F5 1 Tf
14.085 0 TD
( Core)Tj
/F2 1 Tf
2.999 0 TD
(: \(A\) Equity funds with a global investment remit or those mainly focused )Tj
-17.084 -1.25 TD
(on US and European markets, given the size and transparency of these markets. \(B\) Fixed income funds with a global )Tj
T*
(investment remit or those mainly focused on US, European and UK markets and invest predominantly in investment )Tj
T*
(grade debt, including government. \(C\) Multi asset funds with a multi asset benchmark. All other funds we describe as)Tj
/F5 1 Tf
42.368 0 TD
( )Tj
-42.368 -1.25 TD
(Complements)Tj
/F2 1 Tf
6.388 0 TD
(. Both Core and Complement funds can vary in risk level and those terms are not meant to indicate the )Tj
-6.388 -1.25 TD
(risk level of the funds.)Tj
T*
(For regionally focussed investment portfolios we understand that the categorisation may be different from the )Tj
T*
(perspective of different investors.)Tj
/F5 1 Tf
12.162 0 TD
( Consult your nancial adviser before investing to help determine if an )Tj
-12.162 -1.25 TD
(investment in this fund and the amount of the investment would be suitable)Tj
/F2 1 Tf
30.276 0 TD
(.)Tj
ET
0 0 0 0 k
38.75 67.95 90 -36.2 re
f
0 0 0 1 k
0.2 i
83.354 58.153 m
83.331 58.153 l
82.558 54.657 l
84.171 54.657 l
h
80.092 51.62 m
82.333 59.711 l
84.564 59.711 l
86.758 51.62 l
84.978 51.62 l
84.529 53.414 l
82.221 53.414 l
81.762 51.62 l
f
88.833 53.436 m
88.822 53.177 88.833 52.931 88.911 52.752 c
89 52.574 89.168 52.484 89.482 52.484 c
89.796 52.484 90.064 52.685 90.064 53.065 c
90.064 54.264 87.287 53.995 87.287 55.799 c
87.287 57.021 88.496 57.392 89.516 57.392 c
90.592 57.392 91.566 56.875 91.477 55.654 c
89.93 55.654 l
89.93 56.047 89.887 56.283 89.773 56.383 c
89.673 56.483 89.539 56.505 89.371 56.505 c
89.024 56.505 88.833 56.283 88.833 55.901 c
88.833 55.005 91.611 55.049 91.611 53.233 c
91.611 52.246 90.805 51.51 89.492 51.51 c
88.115 51.51 87.195 51.855 87.287 53.436 c
88.833 53.436 l
f
94.087 53.436 m
94.076 53.177 94.087 52.931 94.166 52.752 c
94.254 52.574 94.425 52.484 94.737 52.484 c
95.051 52.484 95.32 52.685 95.32 53.065 c
95.32 54.264 92.54 53.995 92.54 55.799 c
92.54 57.021 93.75 57.392 94.772 57.392 c
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
61.096 65.076 61.33 64.738 61.33 63.964 c
61.33 59.582 l
59.871 59.582 l
59.871 60.169 l
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59.823 64.812 l
59.823 65.211 59.591 65.388 59.157 65.363 c
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58.649 64.758 58.933 64.707 58.974 64.295 c
59.031 63.718 58.549 63.47 58.109 63.494 c
57.818 63.51 57.439 63.683 57.403 64.183 c
57.348 64.945 58.229 65.597 59.477 65.597 c
60.027 65.597 60.39 65.498 60.68 65.322 c
f
38.785 55.336 m
38.302 55.027 l
37.801 54.73 37.712 54.343 37.672 53.896 c
37.642 53.554 37.632 53.016 37.672 52.509 c
37.707 52.006 38.01 51.908 38.279 52.02 c
38.605 52.15 38.785 52.635 38.785 53.203 c
h
39.64 57.463 m
40.057 57.216 40.291 56.875 40.291 56.102 c
40.291 51.719 l
38.835 51.719 l
38.833 52.308 l
38.65 51.9 38.227 51.623 37.569 51.623 c
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38.785 56.952 l
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36.308 57.086 37.19 57.737 38.438 57.737 c
38.989 57.737 39.352 57.635 39.64 57.463 c
f
56.294 59.582 m
56.294 63.835 l
56.294 65.084 55.676 65.668 54.712 65.599 c
54.051 65.55 53.653 65.143 53.499 64.743 c
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50.891 65.496 l
49.527 65.496 l
49.527 59.582 l
50.998 59.582 l
50.998 64.146 l
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52.16 59.582 l
53.648 59.582 l
53.648 64.158 l
53.648 64.569 53.706 64.83 53.969 65.055 c
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54.791 65.084 54.809 64.645 54.809 64.149 c
54.809 59.582 l
56.294 59.582 l
f
41.444 66.715 1.522 -7.133 re
f
46.442 65.086 m
46.753 64.629 46.776 63.513 46.776 62.663 c
46.776 61.809 46.827 60.535 46.46 60.071 c
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45.69 59.811 45.485 60.136 45.42 60.74 c
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45.345 63.621 45.392 64.305 45.582 64.881 c
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46.234 65.315 46.343 65.229 46.442 65.086 c
48.249 59.582 m
48.249 66.715 l
46.745 66.715 l
46.745 65.037 l
46.591 65.35 46.296 65.57 45.844 65.57 c
44.732 65.57 43.865 64.412 43.821 62.674 c
43.793 61.507 44.193 59.52 45.71 59.52 c
46.357 59.52 46.616 59.809 46.806 60.217 c
46.806 59.582 l
48.249 59.582 l
f
54.326 57.736 m
54.326 56.038 l
54.112 56.038 l
53.965 56.734 53.631 57.502 52.881 57.526 c
52.502 57.539 52.043 57.314 52.009 56.862 c
51.974 56.422 52.131 56.071 52.908 55.621 c
53.88 55.058 54.689 54.785 54.689 53.609 c
54.689 52.23 53.622 51.718 52.508 51.718 c
50.93 51.718 l
50.93 53.781 l
51.135 53.781 l
51.433 52.543 51.747 51.951 52.654 51.951 c
53.199 51.951 53.582 52.328 53.582 52.932 c
53.582 53.485 53.207 53.856 52.383 54.345 c
51.479 54.88 50.869 55.224 50.869 56.087 c
50.869 56.98 51.543 57.737 52.738 57.737 c
53.137 57.737 54.326 57.736 y
f
49.92 51.719 m
48.417 51.719 l
48.417 56.287 l
48.417 56.785 48.402 57.223 48.06 57.312 c
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47.222 51.719 l
45.717 51.719 l
45.717 53.412 l
45.496 52.623 44.818 51.614 43.679 51.614 c
42.745 51.614 41.15 52.054 41.15 54.612 c
41.15 56.99 42.721 57.727 43.552 57.737 c
44.196 57.741 44.614 57.536 44.901 57.116 c
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44.481 55.455 43.649 55.522 43.482 56.08 c
43.332 56.584 43.643 56.887 43.847 57.127 c
43.966 57.273 43.949 57.527 43.533 57.527 c
42.982 57.527 42.842 56.893 42.784 56.397 c
42.645 55.129 42.656 53.953 42.788 53.064 c
42.876 52.455 43.045 51.888 43.826 51.878 c
44.829 51.865 45.663 53.275 45.718 54.56 c
45.718 58.855 l
47.223 58.855 l
47.223 57.151 l
47.441 57.451 47.828 57.703 48.325 57.738 c
49.287 57.806 49.92 57.223 49.92 55.975 c
49.92 51.719 l
f
35.059 66.838 m
35.059 64.569 l
34.834 64.569 l
34.58 65.631 34.042 66.61 33.162 66.62 c
32.621 66.628 32.299 66.367 32.05 65.917 c
31.782 65.432 31.646 64.261 31.646 62.976 c
31.646 61.786 31.699 60.834 31.85 60.198 c
31.926 59.882 32.124 59.4 32.7 59.4 c
33.01 59.4 33.217 59.511 33.371 59.668 c
33.605 59.908 33.645 60.428 33.645 60.797 c
33.645 62.067 l
33.645 62.496 33.483 62.764 33.277 62.89 c
33.106 62.996 32.844 63.006 32.693 63.015 c
32.693 63.227 l
35.146 63.227 l
35.146 57.146 l
34.901 57.146 l
34.803 57.669 34.701 58.005 34.454 58.432 c
34.249 58.783 33.789 59.222 33.155 59.222 c
32.451 59.222 31.92 58.796 31.92 58.095 c
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409.04 643.317 408.664 644.519 408.364 645.741 c
h
437.5 652.889 m
f
437.5 652.889 m
409.491 642.143 l
409.04 643.317 408.664 644.519 408.364 645.741 c
h
437.5 652.889 m
S
437.5 652.889 m
408.364 645.741 l
408.094 646.841 407.887 647.955 407.743 649.079 c
h
437.5 652.889 m
f
437.5 652.889 m
408.364 645.741 l
408.094 646.841 407.887 647.955 407.743 649.079 c
h
437.5 652.889 m
S
437.5 652.889 m
407.743 649.079 l
406.028 662.469 413.468 675.355 425.922 680.565 c
h
437.5 652.889 m
f
437.5 652.889 m
407.743 649.079 l
406.028 662.469 413.468 675.355 425.922 680.565 c
h
437.5 652.889 m
S
437.5 652.889 m
425.922 680.565 l
429.589 682.099 433.525 682.889 437.5 682.889 c
h
437.5 652.889 m
f
437.5 652.889 m
425.922 680.565 l
429.589 682.099 433.525 682.889 437.5 682.889 c
h
437.5 652.889 m
S
0 0 0 0 k
452.5 652.889 m
452.5 661.173 445.784 667.889 437.5 667.889 c
429.216 667.889 422.5 661.173 422.5 652.889 c
422.5 644.605 429.216 637.889 437.5 637.889 c
445.784 637.889 452.5 644.605 452.5 652.889 c
f
452.5 652.889 m
452.5 661.173 445.784 667.889 437.5 667.889 c
429.216 667.889 422.5 661.173 422.5 652.889 c
422.5 644.605 429.216 637.889 437.5 637.889 c
445.784 637.889 452.5 644.605 452.5 652.889 c
S
BT
/F5 1 Tf
6 0 0 6 475.508 687.3892 Tm
0 0.97 1 0.5 k
(13.6)Tj
ET
q
0.2 i
472.5 683.889 16 8 re
W n
BT
6 0 0 6 484.032 687.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 687.3892 Tm
0 0 0 1 k
(China)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.5 TD
(11.0)Tj
ET
q
0.2 i
472.5 674.889 16 8 re
W n
BT
6 0 0 6 484.032 678.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 678.3892 Tm
0 0 0 1 k
(India)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.5 TD
(10.2)Tj
ET
q
0.2 i
472.5 665.889 16 8 re
W n
BT
6 0 0 6 484.032 669.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 669.3892 Tm
0 0 0 1 k
(Indonesia)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(9.3)Tj
ET
q
0.2 i
472.5 656.889 16 8 re
W n
BT
6 0 0 6 484.032 660.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 660.3892 Tm
0 0 0 1 k
(Singapore)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(6.2)Tj
ET
q
0.2 i
472.5 647.889 16 8 re
W n
BT
6 0 0 6 484.032 651.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 651.3892 Tm
0 0 0 1 k
(Hong Kong)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(5.9)Tj
ET
q
0.2 i
472.5 638.889 16 8 re
W n
BT
6 0 0 6 484.032 642.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 642.3892 Tm
0 0 0 1 k
(Macau)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(5.8)Tj
ET
q
0.2 i
472.5 629.889 16 8 re
W n
BT
6 0 0 6 484.032 633.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 633.3892 Tm
0 0 0 1 k
(Philippines)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(4.7)Tj
ET
q
0.2 i
472.5 620.889 16 8 re
W n
BT
6 0 0 6 484.032 624.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 624.3892 Tm
0 0 0 1 k
(South Korea)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(2.4)Tj
ET
q
0.2 i
472.5 611.889 16 8 re
W n
BT
6 0 0 6 484.032 615.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 615.3892 Tm
0 0 0 1 k
(Bangladesh)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(2.0)Tj
ET
q
0.2 i
472.5 602.889 16 8 re
W n
BT
6 0 0 6 484.032 606.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 606.3892 Tm
0 0 0 1 k
(Vietnam)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(1.8)Tj
ET
q
0.2 i
472.5 593.889 16 8 re
W n
BT
6 0 0 6 484.032 597.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 597.3892 Tm
0 0 0 1 k
(Mongolia)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.832 -1.5 TD
(20.7)Tj
ET
q
0.2 i
472.5 584.889 16 8 re
W n
BT
6 0 0 6 484.032 588.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 588.3892 Tm
0 0 0 1 k
(Other)Tj
/F5 1 Tf
0 0.97 1 0.5 k
-2.4213 -1.5 TD
(6.3)Tj
ET
q
0.2 i
472.5 575.889 16 8 re
W n
BT
6 0 0 6 484.032 579.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 579.3892 Tm
0 0 0 1 k
(Cash & Derivatives)Tj
ET
q
212.5 541.389 170 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 557.889 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 546.8892 Tm
0 0 0 0 k
0 Tc
-0.05 Tw
[(Credit Allocation )-50(\(%\))]TJ
ET
q
397.5 541.389 170 16.5 re
W n
0.53 0.32 0.11 0 k
397.5 557.889 170 -16.5 re
f
Q
BT
10 0 0 10 401.5 546.8892 Tm
0 Tw
[(T)115(op 1)55(0)0( Corporate Issuer)-20(s)]TJ
/F5 1 Tf
6.5 0 0 6.5 518.36 549.5892 Tm
(\(4\))Tj
ET
0 0 0 0.4 K
0.2 w
264.5 429.246 m
379.5 429.246 l
264.5 447.104 m
379.5 447.104 l
264.5 464.961 m
379.5 464.961 l
264.5 482.818 m
379.5 482.818 l
264.5 500.675 m
379.5 500.675 l
264.5 518.532 m
379.5 518.532 l
264.5 536.389 m
379.5 536.389 l
S
0 0.97 1 0.5 k
264.5 427.746 14.49 -14.857 re
f
BT
/F2 1 Tf
5 0 0 5 283.66 418.3178 Tm
/Cs7 cs 0 scn
(6.3 )Tj
ET
0 0.97 1 0.5 k
264.5 445.604 69.69 -14.857 re
f
BT
5 0 0 5 337.75 436.1749 Tm
/Cs7 cs 0 scn
(30.3 )Tj
ET
0 0.97 1 0.5 k
264.5 463.461 10.58 -14.857 re
f
BT
5 0 0 5 279.75 454.0321 Tm
/Cs7 cs 0 scn
(4.6 )Tj
ET
0 0.97 1 0.5 k
264.5 481.318 31.05 -14.857 re
f
BT
5 0 0 5 299.11 471.8892 Tm
/Cs7 cs 0 scn
(13.5 )Tj
ET
0 0.97 1 0.5 k
264.5 499.175 81.88 -14.857 re
f
BT
5 0 0 5 349.94 489.7463 Tm
/Cs7 cs 0 scn
(35.6 )Tj
ET
0 0.97 1 0.5 k
264.5 517.032 22.31 -14.857 re
f
BT
5 0 0 5 291.48 507.6035 Tm
/Cs7 cs 0 scn
(9.7 )Tj
ET
0 0.97 1 0.5 k
264.5 520.032 m
264.5 534.889 l
264.5 520.032 l
f
BT
5 0 0 5 269.17 525.4606 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0 0 0 1 K
0.5 w
264.5 411.389 m
379.5 411.389 l
264.5 411.389 m
264.5 408.389 l
S
BT
5 0 0 5 263.39 402.3892 Tm
0 0 0 1 k
(0)Tj
ET
287.5 411.389 m
287.5 408.389 l
S
BT
5 0 0 5 285.28 402.3892 Tm
(10)Tj
ET
310.5 411.389 m
310.5 408.389 l
S
BT
5 0 0 5 308.28 402.3892 Tm
(20)Tj
ET
333.5 411.389 m
333.5 408.389 l
S
BT
5 0 0 5 331.28 402.3892 Tm
(30)Tj
ET
356.5 411.389 m
356.5 408.389 l
S
BT
5 0 0 5 354.28 402.3892 Tm
(40)Tj
ET
379.5 411.389 m
379.5 408.389 l
S
BT
5 0 0 5 377.28 402.3892 Tm
(50)Tj
ET
264.5 411.389 m
264.5 536.389 l
S
BT
6 0 0 6 212.5 418.3178 Tm
(Cash & Derivatives)Tj
0 2.9762 TD
(NR)Tj
T*
(CCC & Below)Tj
T*
(B)Tj
T*
(BB)Tj
T*
(BBB)Tj
T*
(A)Tj
8 0 0 8 402.5 532.8892 Tm
-0.025 Tc
[(Security)-16503(%)]TJ
ET
q
397.5 513.389 120 14 re
W n
0.132 0.08 0.028 0 k
397.5 527.389 120 -14 re
f
Q
BT
8 0 0 8 402.5 518.8892 Tm
(ROYAL CAPITAL B.V.)Tj
ET
q
517.5 513.389 50 14 re
W n
0.132 0.08 0.028 0 k
517.5 527.389 50 -14 re
f
Q
BT
8 0 0 8 554.22 518.8892 Tm
(3.9)Tj
-18.965 -1.75 TD
[(WOORI BANK)-14159(3.6)]TJ
ET
q
397.5 485.389 120 14 re
W n
0.132 0.08 0.028 0 k
397.5 499.389 120 -14 re
f
Q
BT
8 0 0 8 402.5 490.8892 Tm
(THETA CAPITAL PTE LTD)Tj
ET
q
517.5 485.389 50 14 re
W n
0.132 0.08 0.028 0 k
517.5 499.389 50 -14 re
f
Q
BT
8 0 0 8 554.22 490.8892 Tm
(3.5)Tj
-18.965 -1.75 TD
[(CAPITALAND LTD)-12870(3.0)]TJ
ET
q
397.5 457.389 120 14 re
W n
0.132 0.08 0.028 0 k
397.5 471.389 120 -14 re
f
Q
BT
8 0 0 8 402.5 462.8892 Tm
(GREENKO DUTCH B.V.)Tj
ET
q
517.5 457.389 50 14 re
W n
0.132 0.08 0.028 0 k
517.5 471.389 50 -14 re
f
Q
BT
8 0 0 8 554.22 462.8892 Tm
(3.0)Tj
-18.965 -1.75 TD
[(GEMS MEA SUKUK LTD)-10692(2.9)]TJ
ET
q
397.5 418.889 120 24.5 re
W n
0.132 0.08 0.028 0 k
397.5 443.389 120 -24.5 re
f
Q
BT
8 0 0 8 402.5 434.8892 Tm
(BANGLALINK DIGITAL )Tj
0 -1.3125 TD
(COMMUNICATIONS LTD)Tj
ET
q
517.5 418.889 50 24.5 re
W n
0.132 0.08 0.028 0 k
517.5 443.389 50 -24.5 re
f
Q
BT
8 0 0 8 554.22 434.8892 Tm
(2.)Tj
ET
q
0.2 i
517.5 430.389 45 11 re
W n
BT
8 0 0 8 559.148 434.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 402.5 410.3892 Tm
[(GLENMARK PHARMACEUTICALS LTD)-5997(2.3)]TJ
ET
q
397.5 380.389 120 24.5 re
W n
0.132 0.08 0.028 0 k
397.5 404.889 120 -24.5 re
f
Q
BT
8 0 0 8 402.5 396.3893 Tm
(UNIVERSAL ENTERTAINMENT )Tj
T*
(CORPORATION)Tj
ET
0.132 0.08 0.028 0 k
517.5 404.889 50 -24.5 re
f
BT
8 0 0 8 554.22 396.3893 Tm
0 0 0 1 k
(2.3)Tj
-18.965 -3.0625 TD
(DEBT AND ASSET TRADING )Tj
0 -1.3125 TD
(CORPORATION)Tj
18.965 1.3125 TD
(2.0)Tj
/F5 1 Tf
-42.09 -29.0487 TD
(Please see Additional Notes. All performance and holdings data as at 31-Jan-17. 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
217.5 115 350 30.5 re
W n
BT
8 0 0 8 217.5 119.5 Tm
0 Tc
()Tj
ET
Q
BT
8 0 0 8 221.3 119.5 Tm
(uctuate and can go down as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 112 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 109 Tm
(The total expense ratio is based on fees and expenses during the month. The Ongoing Charges \(OC\) details can be )Tj
-0.444 -1.25 TD
(found in the Key Investor Information Document.)Tj
4 0 0 4 359.212 102 Tm
( \(2\))Tj
8 0 0 8 363.652 99 Tm
(Fund returns are shown net of applicable ongoing fees within the )Tj
-18.269 -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 62 Tm
( \(3\))Tj
8 0 0 8 316.108 59 Tm
(The JP Morgan CEMBI Broad Diversied HY Asia Index is quoted at month-end with )Tj
-12.326 -1.25 TD
(income reinvested and, in contrast to the Portfolio, is shown without the deduction of any expenses.)Tj
4 0 0 4 508.4521 52 Tm
( \(4\))Tj
8 0 0 8 512.8921 49 Tm
(Portfolio holdings )Tj
-36.924 -1.25 TD
(may not represent current, future investments or all of the portfolio's holdings. Future portfolio holdings may not be )Tj
T*
(protable.)Tj
ET
0 0 0 0 k
38.75 67.95 90 -36.2 re
f
0 0 0 1 k
0.2 i
83.354 58.153 m
83.331 58.153 l
82.558 54.657 l
84.171 54.657 l
h
80.092 51.62 m
82.333 59.711 l
84.564 59.711 l
86.758 51.62 l
84.978 51.62 l
84.529 53.414 l
82.221 53.414 l
81.762 51.62 l
f
88.833 53.436 m
88.822 53.177 88.833 52.931 88.911 52.752 c
89 52.574 89.168 52.484 89.482 52.484 c
89.796 52.484 90.064 52.685 90.064 53.065 c
90.064 54.264 87.287 53.995 87.287 55.799 c
87.287 57.021 88.496 57.392 89.516 57.392 c
90.592 57.392 91.566 56.875 91.477 55.654 c
89.93 55.654 l
89.93 56.047 89.887 56.283 89.773 56.383 c
89.673 56.483 89.539 56.505 89.371 56.505 c
89.024 56.505 88.833 56.283 88.833 55.901 c
88.833 55.005 91.611 55.049 91.611 53.233 c
91.611 52.246 90.805 51.51 89.492 51.51 c
88.115 51.51 87.195 51.855 87.287 53.436 c
88.833 53.436 l
f
94.087 53.436 m
94.076 53.177 94.087 52.931 94.166 52.752 c
94.254 52.574 94.425 52.484 94.737 52.484 c
95.051 52.484 95.32 52.685 95.32 53.065 c
95.32 54.264 92.54 53.995 92.54 55.799 c
92.54 57.021 93.75 57.392 94.772 57.392 c
95.846 57.392 96.821 56.875 96.733 55.654 c
95.187 55.654 l
95.187 56.047 95.142 56.283 95.026 56.383 c
94.928 56.483 94.793 56.505 94.626 56.505 c
94.277 56.505 94.087 56.283 94.087 55.901 c
94.087 55.005 96.866 55.049 96.866 53.233 c
96.866 52.246 96.059 51.51 94.748 51.51 c
93.369 51.51 92.452 51.855 92.54 53.436 c
94.087 53.436 l
f
100.777 55.084 m
100.777 55.632 100.798 56.415 100.047 56.415 c
99.32 56.415 99.331 55.564 99.331 55.084 c
h
99.331 54.197 m
99.331 53.524 99.352 52.518 100.047 52.518 c
100.607 52.518 100.719 53.055 100.719 53.524 c
102.322 53.524 l
102.3 52.909 102.099 52.405 101.718 52.058 c
101.347 51.709 100.788 51.51 100.047 51.51 c
98.008 51.51 97.74 52.752 97.74 54.523 c
97.74 56.068 97.964 57.392 100.047 57.392 c
102.175 57.392 102.412 56.013 102.355 54.197 c
99.331 54.197 l
f
103.117 57.278 m
103.757 57.278 l
103.757 58.175 l
105.336 58.881 l
105.336 57.278 l
106.154 57.278 l
106.154 56.304 l
105.336 56.304 l
105.336 53.279 l
105.336 52.851 105.324 52.574 105.84 52.574 c
105.942 52.574 106.042 52.574 106.12 52.595 c
106.12 51.62 l
105.908 51.599 105.684 51.565 105.304 51.565 c
103.935 51.565 103.757 52.47 103.757 52.819 c
103.757 56.304 l
103.117 56.304 l
103.117 57.278 l
f
80.093 40.002 m
80.093 48.092 l
82.817 48.092 l
84.083 42.59 l
84.105 42.59 l
85.449 48.092 l
88.083 48.092 l
88.083 40.002 l
86.436 40.002 l
86.436 46.242 l
86.412 46.242 l
84.856 40.002 l
83.242 40.002 l
81.763 46.242 l
81.74 46.242 l
81.74 40.002 l
f
90.704 41.761 m
90.704 41.357 90.771 40.865 91.285 40.865 c
92.217 40.865 92.071 42.118 92.071 42.735 c
91.285 42.701 90.704 42.77 90.704 41.761 c
93.618 41.054 m
93.618 40.706 93.663 40.349 93.696 40.002 c
92.227 40.002 l
92.159 40.751 l
92.137 40.751 l
91.801 40.169 91.344 39.891 90.659 39.891 c
89.561 39.891 89.157 40.706 89.157 41.693 c
89.157 43.564 90.601 43.642 92.071 43.62 c
92.071 44.057 l
92.071 44.538 92.003 44.887 91.432 44.887 c
90.884 44.887 90.838 44.472 90.838 44.023 c
89.292 44.023 l
89.292 44.707 89.504 45.144 89.874 45.401 c
90.232 45.672 90.749 45.772 91.353 45.772 c
93.359 45.772 93.618 44.91 93.618 43.877 c
93.618 41.054 l
f
96.451 45.088 m
96.474 45.088 l
96.632 45.346 96.821 45.514 97.033 45.614 c
97.26 45.727 97.516 45.772 97.807 45.772 c
98.556 45.772 99.22 45.322 99.22 44.538 c
99.22 40.002 l
97.64 40.002 l
97.64 43.9 l
97.64 44.403 97.549 44.797 97.046 44.797 c
96.541 44.797 96.451 44.403 96.451 43.9 c
96.451 40.002 l
94.871 40.002 l
94.871 45.66 l
96.451 45.66 l
96.451 45.088 l
f
101.795 41.761 m
101.795 41.357 101.862 40.865 102.379 40.865 c
103.309 40.865 103.164 42.118 103.164 42.735 c
102.379 42.701 101.795 42.77 101.795 41.761 c
104.709 41.054 m
104.709 40.706 104.754 40.349 104.789 40.002 c
103.318 40.002 l
103.253 40.751 l
103.231 40.751 l
102.896 40.169 102.436 39.891 101.753 39.891 c
100.652 39.891 100.25 40.706 100.25 41.693 c
100.25 43.564 101.695 43.642 103.164 43.62 c
103.164 44.057 l
103.164 44.538 103.097 44.887 102.525 44.887 c
101.975 44.887 101.931 44.472 101.931 44.023 c
100.386 44.023 l
100.386 44.707 100.598 45.144 100.967 45.401 c
101.326 45.672 101.841 45.772 102.446 45.772 c
104.453 45.772 104.709 44.91 104.709 43.877 c
104.709 41.054 l
f
108.061 41.054 m
108.63 41.054 108.708 41.648 108.708 42.848 c
108.708 44.091 108.653 44.797 108.072 44.797 c
107.476 44.797 107.374 44.382 107.374 42.657 c
107.374 42.129 107.296 41.054 108.061 41.054 c
110.29 45.66 m
110.29 39.765 l
110.29 39.374 110.311 37.826 108.136 37.826 c
106.959 37.826 105.953 38.131 105.919 39.509 c
107.465 39.509 l
107.465 39.274 107.499 39.072 107.599 38.938 c
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(Contingent Convertible \(Coco\) Bond Risk)Tj
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( investment in this particular type of bond may result in material losses to the Portfolio based on certain trigger events. )Tj
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(The existence of these trigger events creates a different type of risk from traditional bonds and may more likely result in a p)Tj
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(artial or total loss of value or alternatively )Tj
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(they may be converted into shares of the issuing company which may also have suffered a loss in value.)Tj
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(Counterparty risk)Tj
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( a party that the Portfolio transacts with may fail to meet its obligations which could cause losses.)Tj
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(Credit risk)Tj
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( the failure of a counterparty or an issuer of a nancial asset held within the Portfolio to meet its payment obligations will )Tj
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(have a negative impact on the )Tj
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(Custodian risk)Tj
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( insolvency, breaches of duty of care or misconduct of a custodian or subcustodian responsible for the safekeeping of the Portf)Tj
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(olio's assets can result )Tj
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(in loss to the Portfolio.)Tj
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(Derivatives risk)Tj
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( derivative instruments are highly sensitive to changes in the value of the underlying asset that they are based on. Certain de)Tj
49.598 0 TD
(rivatives may result in )Tj
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(Emerging markets risk)Tj
/F1 1 Tf
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( emerging markets are likely to bear higher risk due to lower liquidity and possible lack of adequate nancial, legal, social, )Tj
48.817 0 TD
(political and )Tj
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(economic structures, protection and stability as well as uncertain tax positions.)Tj
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(Exchange rate risk)Tj
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( changes in exchange rates may reduce or increase the returns an investor might expect to receive independent of the performanc)Tj
52.266 0 TD
(e of such )Tj
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(assets. If applicable, investment techniques used to attempt to reduce the risk of currency movements \(hedging\), may not be ef)Tj
50.878 0 TD
(fective. Hedging also involves )Tj
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(additional risks associated with derivatives.)Tj
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(High yield risk)Tj
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( high yield instruments, meaning investments which pay a high amount of income generally involve greater credit risk and sensit)Tj
51.04 0 TD
(ivity to economic )Tj
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(developments, giving rise to greater price movement than lower yielding instruments.)Tj
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()Tj
/F5 1 Tf
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0 0 0 1 k
(Interest rate risk)Tj
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( when interest rates rise, bond prices fall, reecting the ability of investors to obtain a more attractive rate of interest on)Tj
47.71 0 TD
( their money elsewhere. )Tj
-54.8511 -1.3125 TD
(Bond prices are therefore subject to movements in interest rates which may move for a number of reasons, political as well as e)Tj
51.096 0 TD
(conomic.)Tj
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()Tj
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0 0 0 1 k
(Leverage risk)Tj
/F1 1 Tf
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( the Portfolio may operate with a signicant amount of leverage. Leverage occurs when the economic exposure created by the use )Tj
52.433 0 TD
(of derivatives is )Tj
-58.2746 -1.3125 TD
(greater than the amount invested. A leveraged Portfolio may result in large uctuations in the value of the Portfolio and there)Tj
49.713 0 TD
(fore entails a high degree of risk )Tj
-49.713 -1.3125 TD
(including the risk that losses may be substantial.)Tj
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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
(Liquidity risk)Tj
/F1 1 Tf
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50.267 0 TD
(t the Portfolio's ability to )Tj
-55.8738 -1.3125 TD
(meet redemption requests on demand.)Tj
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()Tj
/F5 1 Tf
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0 0 0 1 k
(Market risk)Tj
/F1 1 Tf
8 0 0 8 77.6285 460.3892 Tm
( the value of assets in the Portfolio is typically dictated by a number of factors, including the condence levels of the marke)Tj
49.044 0 TD
(t in which they are traded.)Tj
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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
(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
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/F5 1 Tf
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(Beta)Tj
/F1 1 Tf
8 0 0 8 53.5565 289.8892 Tm
( Measures the sensitivity of the funds returns to the comparative benchmark index return \(annualised\). The nearer to 1.00, t)Tj
49.986 0 TD
(he closer the historical uctuations )Tj
-51.993 -1.3125 TD
(in the value of the fund are to the benchmark. If above 1.00, then fund uctuations have been greater than the benchmark.)Tj
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()Tj
/F5 1 Tf
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0 0 0 1 k
(Duration of the Portfolio)Tj
/F1 1 Tf
8 0 0 8 120.1455 267.3892 Tm
( Measure of the sensitivity of the price of a bond or portfolio to a change in interest rates paid. The larger the number \(po)Tj
48.822 0 TD
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-59.1527 -1.3125 TD
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-48.765 -1.3125 TD
(negative duration a rise in interest rates results in a rise in price.)Tj
/F6 1 Tf
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0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 234.3892 Tm
0 0 0 1 k
(Excess returns)Tj
/F1 1 Tf
8 0 0 8 88.483 234.3892 Tm
( The return of the fund in excess of the benchmark/index return \(annualised\).)Tj
/F6 1 Tf
6 0 0 6 27.5 222.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
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0 0 0 1 k
(Historical tracking error)Tj
/F1 1 Tf
8 0 0 8 121.072 222.3892 Tm
( - Measure of the actual deviation of the funds returns from the comparative benchmark index returns \(annualised\). A higher nu)Tj
50.988 0 TD
(mber )Tj
-61.4345 -1.3125 TD
(means that the fund is taking greater risk against the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 199.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 199.8892 Tm
0 0 0 1 k
(Historical Volatility of Portfolio)Tj
/F1 1 Tf
8 0 0 8 144.7105 199.8892 Tm
( Illustrates the dispersion of the funds realized monthly returns around the average monthly return, indicating how volatile)Tj
49.432 0 TD
( the )Tj
-62.8333 -1.3125 TD
(funds return is over time. The higher the number the more volatile the funds returns.)Tj
/F6 1 Tf
6 0 0 6 27.5 177.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 177.3892 Tm
0 0 0 1 k
(Interest Rate Duration)Tj
/F1 1 Tf
8 0 0 8 113.0565 177.3892 Tm
( This is a modied measure of Total Average Duration that has been estimated by GSAM. This modied measure seeks to take acco)Tj
53.153 0 TD
(unt of )Tj
-62.5976 -1.3125 TD
(the different behaviours of different bond markets around the world by re-expressing all duration exposures to a common US mark)Tj
51.931 0 TD
(et standard. The goal is to improve )Tj
-51.931 -1.3125 TD
(the estimate of the portfolio's sensitivity to changes in interest rates. This estimate is guided by historical market observat)Tj
48.514 0 TD
(ions amongst markets which are )Tj
-48.514 -1.3125 TD
(themselves subject to change over time and may not necessarily be reected by the actual outcome.)Tj
/F6 1 Tf
6 0 0 6 27.5 133.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 133.8892 Tm
0 0 0 1 k
(Net Asset Value)Tj
/F1 1 Tf
8 0 0 8 92.75 133.8892 Tm
( Represents the net assets of the fund \(ex-dividend\) divided by the total number of shares issued by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 121.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 121.8892 Tm
0 0 0 1 k
(Total Expense Ratio \(TER\))Tj
/F1 1 Tf
8 0 0 8 125.815 121.8892 Tm
( The total expense ratio is based on fees and expenses during the month. It includes management fee, distribution fee, perfor)Tj
50.489 0 TD
(mance fee )Tj
-61.5284 -1.3125 TD
(and operational expenses, if any, but excludes transaction costs incurred by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 99.3892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 99.3892 Tm
0 0 0 1 k
(R)Tj
/F2 1 Tf
4 0 0 4 42.226 102.8892 Tm
(2)Tj
/F1 1 Tf
8 0 0 8 44.002 99.3892 Tm
( Measure that represents the percentage of a portfolio movement linked to movements in the benchmark index return \(annualised)Tj
52.433 0 TD
(\). The nearer to [1.00], the more )Tj
-53.2457 -1.3125 TD
(a fund is tracking the risk of the benchmark, and the less risk that the fund is taking against the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 76.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 76.8892 Tm
0 0 0 1 k
(Swing pricing)Tj
/F1 1 Tf
8 0 0 8 86.1455 76.8892 Tm
( This describes the total trading spreads and any other duties and charges \(e.g. Broker Commissions, Stamp Duty and Taxes\) th)Tj
51.431 0 TD
(at may be paid on )Tj
-57.5117 -1.3125 TD
(entry and exit to the Fund and which seek to protect long-term investors already in the Fund. The price shown is measured at la)Tj
50.708 0 TD
(st quarter end, and is only indicative of )Tj
-50.708 -1.3125 TD
(the swing that may apply to a new subscription/redemption.)Tj
/F6 1 Tf
6 0 0 6 27.5 43.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 43.8892 Tm
0 0 0 1 k
(Yield to Maturity)Tj
/F1 1 Tf
8 0 0 8 95.113 43.8892 Tm
( The rate of return anticipated on a bond if it is held until the maturity date shown without the deduction of any expenses.)Tj
/F6 1 Tf
6 0 0 6 27.5 31.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 31.8892 Tm
0 0 0 1 k
(Yield to Worst)Tj
/F1 1 Tf
8 0 0 8 86.613 31.8892 Tm
( The lowest potential yield that can be received on a bond without the issuer actually defaulting.)Tj
0.53 0.32 0.11 0 k
16.5829 -2.1737 TD
(3)Tj
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(Additional Notes)Tj
8 0 0 8 27.5 761.8892 Tm
0 0 0 1 k
-0.025 Tc
(This material is a nancial promotion and has been issued by Goldman Sachs International, authorised by the Prudential Regulati)Tj
48.2029 0 TD
(on Authority and regulated by the Financial )Tj
-48.2029 -1.3125 TD
(Conduct Authority and the Prudential Regulation Authority.)Tj
0 -1.375 TD
(Furthermore, this information should not be construed as nancial research. It was not prepared in compliance with applicable p)Tj
48.146 0 TD
(rovisions of law designed to promote the )Tj
-48.146 -1.3125 TD
(independence of nancial analysis and is not subject to a prohibition on trading following the distribution of nancial researc)Tj
46.592 0 TD
(h.)Tj
-46.592 -1.375 TD
(This information is intended for viewing only by the intended recipient and may not be reproduced or distributed to any person )Tj
47.257 0 TD
(in whole or in part without the prior written consent of )Tj
-47.257 -1.3125 TD
(GSI. Goldman Sachs International accepts no liability for the misuse or inappropriate distribution of this material.)Tj
/F5 1 Tf
0 -1.375 TD
(Offering Documents)Tj
/F1 1 Tf
7.605 0 TD
(: This material is provided at your request for informational purposes only and does not constitute a solicitation in any juris)Tj
45.4769 0 TD
(diction in which such a solicitation is )Tj
-53.0819 -1.3125 TD
(unlawful or to any person to whom it is unlawful. It only contains selected information with regards to the fund and does not c)Tj
46.814 0 TD
(onstitute an offer to buy shares in the fund. Prior to an )Tj
-46.814 -1.3125 TD
(investment, prospective investors should carefully read the latest Key Investor Information Document \(KIID\) as well as the offe)Tj
47.259 0 TD
(ring documentation, including but not limited to the )Tj
-47.259 -1.3125 TD
(funds prospectus which contains inter alia a comprehensive disclosure of applicable risks. The relevant articles of associatio)Tj
47.032 0 TD
(n, prospectus, supplement, KIID and latest annual/)Tj
-47.032 -1.3125 TD
(semi-annual report are available free of charge from the funds paying and information agent and/or from your nancial adviser )Tj
47.757 0 TD
(and at www.gsam.com/kiids.)Tj
/F5 1 Tf
-47.757 -1.375 TD
(Distribution of Shares)Tj
/F1 1 Tf
8.283 0 TD
(: Shares of the fund may not be registered for public distribution in a number of jurisdictions \(including but not limited to a)Tj
45.0919 0 TD
(ny Latin American, African or Asian )Tj
-53.3749 -1.3125 TD
(countries\). Therefore, the shares of the fund must not be marketed or offered in or to residents of any such jurisdictions unle)Tj
46.313 0 TD
(ss such marketing or offering is made in compliance )Tj
-46.313 -1.3125 TD
(with applicable exemptions for the private placement of collective investment schemes and other applicable jurisdictional rules)Tj
47.646 0 TD
( and regulations.)Tj
/F5 1 Tf
-47.646 -1.375 TD
(Investment Advice and Potential Loss)Tj
/F1 1 Tf
14.265 0 TD
(: Financial advisers generally suggest a diversied portfolio of investments. The fund described herein does not represent a di)Tj
46.9209 0 TD
(versied )Tj
-61.1859 -1.3125 TD
(investment by itself. This material must not be construed as investment or tax advice. Prospective investors should consult the)Tj
47.144 0 TD
(ir nancial and tax adviser before investing in order to )Tj
-47.144 -1.3125 TD
(determine whether an investment would be suitable for them.)Tj
/F5 1 Tf
0 -1.375 TD
(An investor should only invest if he/she has the necessary nancial resources to bear a complete loss of this investment.)Tj
T*
(Swing Pricing)Tj
/F1 1 Tf
5.454 0 TD
(: Please note that the fund operates a swing pricing policy. Investors should be aware that from time to time this may result i)Tj
46.2569 0 TD
(n the fund performing differently )Tj
-51.7109 -1.3125 TD
(compared to the reference benchmark based solely on the effect of swing pricing rather than price developments of underlying in)Tj
48.536 0 TD
(struments.)Tj
-48.536 -1.375 TD
(Fees are generally billed and payable at the end of each quarter and are based on average month-end market values during the qu)Tj
48.868 0 TD
(arter.)Tj
-48.868 -1.375 TD
(Additional information is provided in our Form ADV Part-2 which is available at http://www.adviserinfo.sec.gov/IAPD/Content/Sea)Tj
48.315 0 TD
(rch/iapd_Search.aspx.)Tj
/F5 1 Tf
-48.315 -1.375 TD
(The relevant articles of association, prospectus, supplement and key investor information document \(KIID\) and latest annual/sem)Tj
48.931 0 TD
(i-annual report \(as applicable\) are available free )Tj
-48.931 -1.3125 TD
(of charge from the funds paying and information agents as listed below:)Tj
0 -1.375 TD
(Austria)Tj
/F1 1 Tf
2.769 0 TD
(: Raiffeisen Bank International AG, Am Stadtpark 9, A-1030 Wien, Austria.)Tj
/F5 1 Tf
-2.769 -1.375 TD
(Belgium)Tj
/F1 1 Tf
3.214 0 TD
(: RBC Investor Services, Place Rogier II, 1210 Brussels, Belgium.)Tj
/F5 1 Tf
-3.214 -1.375 TD
(Denmark)Tj
/F1 1 Tf
3.491 0 TD
(: Stockrate Asset Management, Mollevej 9 E2, DK-2990 Niva, Denmark.)Tj
/F5 1 Tf
-3.491 -1.375 TD
(France)Tj
/F1 1 Tf
2.627 0 TD
(: RBC Investor Services Bank France, 105, rue Raumur, 75002 Paris, France.)Tj
/F5 1 Tf
-2.627 -1.375 TD
(Germany)Tj
/F1 1 Tf
3.435 0 TD
(: State Street Bank GmbH, Brienner Strasse 59, 80333 Munich, Germany.)Tj
/F5 1 Tf
-3.435 -1.375 TD
(Greece)Tj
/F1 1 Tf
2.794 0 TD
(: Piraeus Bank S.A., 4 Amerikis Street, 10564 Athens, Greece.)Tj
/F5 1 Tf
-2.794 -1.375 TD
(Ireland)Tj
/F1 1 Tf
2.714 0 TD
(: RBC Investor Services Ireland Limited, George's Quay House, 43 Townsend Street, Dublin 2, Ireland.)Tj
/F5 1 Tf
-2.714 -1.375 TD
(Italy)Tj
/F1 1 Tf
1.653 0 TD
(: Socit Gnrale Securities Services, Maciachini Center MAC 2, Via Benigno Crespi, 19/A, 20159 Milan, Italy; AllFunds Bank )Tj
47.643 0 TD
(S.A. Filiale di Milano, Via Santa Margherita 7, )Tj
-49.296 -1.3125 TD
(20121 Milan, Italy; RBC Investor Services Bank Milan- Milan Branch, Cia Vittor Pisani, 26, 20154 Milan, Italy; State Street Ban)Tj
46.365 0 TD
(k S.pA., Via Col Moschin, 16 , 20136 Milan, Italy; BNP )Tj
-46.365 -1.3125 TD
(Paribas Securities Services Succursale di Milano, Via Ansperto 5, 20121 Milan, Italy; Banca Sella, Piazza Gaudenzio Sella 1, 1)Tj
47.2 0 TD
(3900 Biella Bl., Italy.)Tj
/F5 1 Tf
-47.2 -1.375 TD
(Luxembourg)Tj
/F1 1 Tf
4.749 0 TD
(: State Street Bank Luxembourg S.A., 49, avenue J.F. Kennedy, L-1855 Luxembourg.)Tj
/F5 1 Tf
-4.749 -1.375 TD
(Sweden)Tj
/F1 1 Tf
3.184 0 TD
(: Skandinaviska Enskilda Banken AB, through its entity Global Transaction Services, SEB Merchant Banking, Sergels Torg 2, ST MH)Tj
49.1439 0 TD
(1, SE-106 40 Stockholm, Sweden.)Tj
/F5 1 Tf
-52.3279 -1.375 TD
(Switzerland)Tj
/F1 1 Tf
4.615 0 TD
(: Swiss Representative of the fund is First Independent Fund Services Ltd, Klausstrasse 33, 8008 Zurich. Paying Agent of the fu)Tj
46.8669 0 TD
(nd in Switzerland is Goldman Sachs Bank )Tj
-51.4819 -1.3125 TD
(AG, Claridenstrasse 25, 8022 Zurich. The Key Investor Information Document \(KIID\) as well as the annual and semi-annual reports)Tj
48.367 0 TD
( of the fund may be obtained free of charge at the )Tj
-48.367 -1.3125 TD
(Swiss Representative or Goldman Sachs Bank AG in Zurich.)Tj
0 -1.375 TD
(Please note in addition for:)Tj
/F5 1 Tf
T*
(Australia)Tj
/F1 1 Tf
3.497 0 TD
(: This material is distributed in Australia and New Zealand by Goldman Sachs Asset Management Australia Pty Ltd ABN 41 006 099 )Tj
48.9199 0 TD
(681, AFSL 228948 \(GSAMA\) and is )Tj
-52.4169 -1.3125 TD
(intended for viewing only by wholesale clients in Australia for the purposes of section 761G of the Corporations Act 2001 \(Cth\))Tj
46.756 0 TD
( and to clients who either fall within any or all of the )Tj
-46.756 -1.3125 TD
(categories of investors set out in section 3\(2\) or sub-section 5\(2CC\) of the Securities Act 1978 \(NZ\).)Tj
/F5 1 Tf
0 -1.375 TD
(Hong Kong)Tj
/F1 1 Tf
4.164 0 TD
(: This material has been issued or approved for use in or from Hong Kong by Goldman Sachs \(Asia\) L.L.C.)Tj
/F5 1 Tf
-4.164 -1.375 TD
(Netherlands)Tj
/F1 1 Tf
4.725 0 TD
(: The fund is included in the register kept by the Stichting Autoriteit Financile Markten.)Tj
/F5 1 Tf
-4.725 -1.375 TD
(Singapore)Tj
/F1 1 Tf
3.942 0 TD
(: This material has been issued or approved for use in or from Singapore by Goldman Sachs \(Singapore\) Pte. \(Company Number: 198)Tj
49.3679 0 TD
(602165W\) and Goldman Sachs Asset )Tj
-53.3099 -1.3125 TD
(Management \(Singapore\) Pte. Ltd. \(Company Number: 201329851H\).)Tj
/F5 1 Tf
0 -1.375 TD
(Spain)Tj
/F1 1 Tf
2.209 0 TD
(: The fund is a foreign UCITS registered with the CNMV registry with number 141 \(SICAV\), 913 \(SICAV II\), 305 \(PLC\). A full desc)Tj
46.8169 0 TD
(ription and KIID for the fund and other mandatory )Tj
-49.0259 -1.3125 TD
(documentation is available free of charge from any of the authorised distributors of the fund listed in the Comisin Nacional d)Tj
46.704 0 TD
(el Mercado de Valores \(CNMV\) webpage at )Tj
-46.704 -1.3125 TD
(www.cnmv.es.)Tj
0 -23.875 TD
( 2017 Goldman Sachs. All rights reserved.)Tj
0 -1.375 TD
(Registered and Principal Ofces:)Tj
/F5 1 Tf
12.309 0 TD
( Luxembourg domiciled Funds Registered Ofce:)Tj
/F1 1 Tf
18.428 0 TD
( c/o State Street Bank Luxembourg S.A., 49, Avenue J-F Kennedy L-1855, Luxembourg)Tj
0.53 0.32 0.11 0 k
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