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515.079 674.992 l
513.36 676.039 l
511.585 674.657 l
509.981 676.876 l
508.204 677.044 l
506.427 677.63 l
504.707 677.672 l
502.928 677.211 l
501.208 676.248 l
499.431 676.709 l
497.655 678.049 l
495.935 677.337 l
494.158 678.509 l
492.439 674.489 l
490.664 677.755 l
489.002 676.499 l
487.225 674.322 l
485.448 675.285 l
483.728 674.824 l
481.949 675.787 l
480.23 675.662 l
478.453 673.275 l
476.676 671.851 l
474.956 671.6 l
473.179 670.218 l
471.462 670.218 l
469.685 668.208 l
468.08 667.915 l
466.304 666.7 l
464.527 666.156 l
462.807 666.072 l
461.028 665.402 l
459.308 665.654 l
457.531 665.235 l
455.755 665.57 l
454.035 665.863 l
452.258 663.979 l
450.539 663.644 l
448.764 663.602 l
447.159 662.848 l
445.382 664.397 l
443.605 664.732 l
441.886 665.57 l
440.106 664.732 l
438.387 664.984 l
436.61 664.942 l
434.833 666.072 l
433.114 667.245 l
431.337 668.208 l
429.617 669.004 l
427.843 669.506 l
426.238 667.831 l
424.461 668.627 l
422.684 668.794 l
420.964 669.087 l
419.185 669.422 l
417.466 669.297 l
415.689 669.255 l
413.912 668.752 l
412.192 666.659 l
410.415 665.905 l
408.696 665.151 l
406.921 666.114 l
405.259 665.277 l
403.482 664.607 l
401.705 666.617 l
399.986 664.523 l
398.206 663.392 l
396.487 663.141 l
394.71 663.811 l
392.933 663.016 l
391.214 664.565 l
389.437 664.649 l
387.717 666.449 l
385.943 664.439 l
384.338 663.895 l
382.561 659.875 l
380.784 658.577 l
379.064 658.786 l
377.285 658.786 l
375.565 657.697 l
373.789 656.776 l
372.012 655.897 l
370.292 655.562 l
368.515 654.306 l
366.796 654.054 l
365.021 653.803 l
363.416 654.222 l
361.639 652.63 l
359.862 653.384 l
358.143 653.719 l
356.364 653.426 l
354.644 653.384 l
352.867 653.594 l
351.09 653.677 l
349.371 654.808 l
347.594 655.687 l
345.877 656.148 l
344.1 655.101 l
342.495 653.468 l
340.718 655.771 l
338.941 656.651 l
337.222 656.985 l
335.442 657.446 l
333.723 657.99 l
331.946 658.995 l
330.169 656.357 l
328.449 657.404 l
326.672 654.054 l
324.953 652.924 l
323.178 652.798 l
321.516 654.054 l
319.739 653.635 l
317.962 651.584 l
316.243 650.537 l
314.464 651.96 l
312.744 649.574 l
310.967 648.946 l
309.19 647.605 l
307.471 647.982 l
305.694 646.349 l
303.974 647.103 l
302.2 648.569 l
300.595 648.443 l
298.818 649.364 l
297.041 650.662 l
295.319 649.029 l
293.542 649.448 l
291.823 651.835 l
290.046 649.783 l
288.269 651.625 l
286.549 650.495 l
284.772 647.522 l
283.053 646.433 l
281.278 646.307 l
279.673 645.554 l
277.897 643.627 l
276.12 642.874 l
274.4 642.706 l
272.621 642.79 l
270.901 642.245 l
269.124 641.911 l
267.347 641.199 l
265.628 640.026 l
263.851 641.199 l
262.131 640.487 l
260.357 641.324 l
258.752 642.287 l
256.975 639.984 l
255.198 641.45 l
253.479 641.031 l
251.699 638.979 l
249.98 637.849 l
248.203 636.215 l
246.426 635.88 l
244.707 636.425 l
242.93 636.844 l
241.21 636.969 l
239.436 638.351 l
237.773 638.812 l
235.996 638.058 l
234.22 637.849 l
232.5 637.639 l
S
q
226.5 575.389 8 25.5 re
W n
3 w
226.5 600.889 m
234.5 600.889 l
S
Q
BT
8 0 0 8 237.5 594.8893 Tm
0 0 0 1 k
-0.025 Tc
(Goldman Sachs Global Fixed Income Portfolio )Tj
0 -1.25 TD
(Class I Shares \(Acc.\) \(EUR\))Tj
/F2 1 Tf
4 0 0 4 318.316 587.9893 Tm
-0.05 Tc
(\(5\))Tj
ET
q
394 575.389 4 25.5 re
W n
1 0.84 0.31 0.17 K
3 w
394 600.889 m
398 600.889 l
S
Q
q
400 575.389 4 25.5 re
W n
1 0.84 0.31 0.17 K
3 w
400 600.889 m
404 600.889 l
S
Q
BT
/F1 1 Tf
8 0 0 8 407 594.8893 Tm
-0.025 Tc
(Bloomberg Global Aggregate Bond Index in EURO)Tj
ET
q
0.2 i
407 590.389 153.5 10.5 re
W n
BT
/F2 1 Tf
4 0 0 4 556.64 597.9893 Tm
0 Tc
(\()Tj
ET
Q
BT
/F2 1 Tf
4 0 0 4 557.328 597.9893 Tm
0 Tc
(3)Tj
ET
q
0.2 i
407 590.389 153.5 10.5 re
W n
BT
4 0 0 4 558.9041 597.9893 Tm
(\))Tj
ET
Q
BT
8 0 0 8 212.5 569.3893 Tm
(This is an actively managed fund that is not designed to track its reference benchmark. Therefore the performance of the )Tj
0 -1.225 TD
(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 -1.225 TD
(predict future returns. The value of investments and the income derived from investments will uctuate and )Tj
T*
[(can go down as well as up. A loss of capital may occur)70(.)]TJ
ET
q
212.5 501.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 517.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 506.8892 Tm
0 0 0 0 k
-0.015 Tc
(Performance \(%\))Tj
/F2 1 Tf
5 0 0 5 328.14 492.3892 Tm
0 0 0 1 k
-0.06 Tc
(31-Mar-13 )Tj
ET
q
0.2 i
327.5 483.889 19 12.5 re
W n
BT
5 0 0 5 345.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 346.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-1)Tj
ET
q
0.2 i
327.5 483.889 19 12.5 re
W n
BT
5 0 0 5 344.58 486.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
5 0 0 5 352.14 492.3892 Tm
(31-Mar-14 )Tj
ET
q
0.2 i
351.5 483.889 19 12.5 re
W n
BT
5 0 0 5 369.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 370.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-1)Tj
ET
q
0.2 i
351.5 483.889 19 12.5 re
W n
BT
5 0 0 5 368.58 486.3892 Tm
0 Tc
(5)Tj
ET
Q
BT
5 0 0 5 376.14 492.3892 Tm
(31-Mar-15 )Tj
ET
q
0.2 i
375.5 483.889 19 12.5 re
W n
BT
5 0 0 5 393.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 394.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-1)Tj
ET
q
0.2 i
375.5 483.889 19 12.5 re
W n
BT
5 0 0 5 392.58 486.3892 Tm
0 Tc
(6)Tj
ET
Q
BT
5 0 0 5 400.14 492.3892 Tm
(31-Mar-16 )Tj
ET
q
0.2 i
399.5 483.889 19 12.5 re
W n
BT
5 0 0 5 417.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 418.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-1)Tj
ET
q
0.2 i
399.5 483.889 19 12.5 re
W n
BT
5 0 0 5 416.58 486.3892 Tm
0 Tc
(7)Tj
ET
Q
BT
5 0 0 5 424.14 492.3892 Tm
(31-Mar-17 )Tj
ET
q
0.2 i
423.5 483.889 19 12.5 re
W n
BT
5 0 0 5 441.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 442.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-1)Tj
ET
q
0.2 i
423.5 483.889 19 12.5 re
W n
BT
5 0 0 5 440.58 486.3892 Tm
0 Tc
(8)Tj
ET
Q
BT
5 0 0 5 448.14 492.3892 Tm
(31-Mar-18 )Tj
ET
q
0.2 i
447.5 483.889 19 12.5 re
W n
BT
5 0 0 5 465.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 466.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-1)Tj
ET
q
0.2 i
447.5 483.889 19 12.5 re
W n
BT
5 0 0 5 464.58 486.3892 Tm
0 Tc
(9)Tj
ET
Q
BT
5 0 0 5 472.14 492.3892 Tm
(31-Mar-19 )Tj
ET
q
0.2 i
471.5 483.889 19 12.5 re
W n
BT
5 0 0 5 489.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 490.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-2)Tj
ET
q
0.2 i
471.5 483.889 19 12.5 re
W n
BT
5 0 0 5 488.58 486.3892 Tm
0 Tc
(0)Tj
ET
Q
BT
5 0 0 5 496.14 492.3892 Tm
(31-Mar-20 )Tj
ET
q
0.2 i
495.5 483.889 19 12.5 re
W n
BT
5 0 0 5 513.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 514.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-21)Tj
4.42 1.2 TD
(31-Mar-21 )Tj
ET
q
0.2 i
519.5 483.889 19 12.5 re
W n
BT
5 0 0 5 537.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 538.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-2)Tj
ET
q
0.2 i
519.5 483.889 19 12.5 re
W n
BT
5 0 0 5 536.58 486.3892 Tm
0 Tc
(2)Tj
ET
Q
BT
5 0 0 5 544.14 492.3892 Tm
(31-Mar-22 )Tj
ET
q
0.2 i
543.5 483.889 19 12.5 re
W n
BT
5 0 0 5 561.41 492.3892 Tm
0 Tc
(-)Tj
ET
Q
BT
5 0 0 5 562.5 492.3892 Tm
0 Tc
( )Tj
-3.292 -1.2 TD
-0.06 Tc
(31-Mar-2)Tj
ET
q
0.2 i
543.5 483.889 19 12.5 re
W n
BT
5 0 0 5 560.58 486.3892 Tm
0 Tc
(3)Tj
ET
Q
q
212.5 470.889 115 13 re
W n
0.132 0.08 0.028 0 k
212.5 483.889 115 -13 re
f
Q
BT
8 0 0 8 217.5 475.3892 Tm
-0.025 Tc
(Fund \(EUR\))Tj
ET
q
327.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
327.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 336.196 475.3892 Tm
(-3.5)Tj
ET
q
351.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
351.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 358.868 475.3892 Tm
(21.3)Tj
ET
q
375.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
375.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 384.196 475.3892 Tm
(-1.8)Tj
ET
q
399.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
399.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 410.22 475.3892 Tm
(5.6)Tj
ET
q
423.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
423.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 432.196 475.3892 Tm
(-7.3)Tj
ET
q
447.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
447.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 458.22 475.3892 Tm
(9.7)Tj
ET
q
471.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
471.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 482.22 475.3892 Tm
(5.7)Tj
ET
q
495.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
495.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 506.22 475.3892 Tm
(2.0)Tj
ET
q
519.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
519.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 528.196 475.3892 Tm
(-1.9)Tj
ET
q
543.5 470.889 24 13 re
W n
0.132 0.08 0.028 0 k
543.5 483.889 24 -13 re
f
Q
BT
8 0 0 8 552.196 475.3892 Tm
(-7.7)Tj
-41.837 -1.625 TD
[(Index)-13019(-5.1)-1546(23.6)-1712(-1.)]TJ
ET
q
0.2 i
375.5 457.889 19 11 re
W n
BT
8 0 0 8 391.148 462.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 410.22 462.3892 Tm
[(4.5)-1712(-7.0)-1965(9.1)-1965(6.6)-1712(-2.3)-1712(-1.1)-1712(-5.8)]TJ
ET
q
212.5 433.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 449.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 438.8892 Tm
0 0 0 0 k
-0.015 Tc
(Performance Summary \(%\))Tj
/F5 1 Tf
8 0 0 8 398.052 421.8893 Tm
0 0 0 1 k
-0.025 Tc
[(Cumulative)-8764(Annualised)]TJ
/F2 1 Tf
-6.669 -1.625 TD
[(Since Launch)-1334(1 Mth)-1220(3 Mths)-1575(YTD)]TJ
ET
q
465.5 404.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 417.389 m
469.5 392.389 l
S
Q
BT
8 0 0 8 479.748 408.8892 Tm
(1 Y)Tj
ET
q
0.2 i
470.5 404.389 20 11 re
W n
BT
8 0 0 8 488.476 408.8892 Tm
0 Tc
(r)Tj
ET
Q
BT
8 0 0 8 500.836 408.8892 Tm
[(3 Yrs)-1292(5 Yrs)-873(10 Yrs)]TJ
ET
q
212.5 391.389 128 13 re
W n
0.132 0.08 0.028 0 k
212.5 404.389 128 -13 re
f
Q
BT
8 0 0 8 217.5 395.8892 Tm
(Class I Shares \(Acc.\) \(EUR\))Tj
4 0 0 4 288.076 399.3892 Tm
-0.05 Tc
(\(5\))Tj
ET
q
340.5 391.389 45 13 re
W n
0.132 0.08 0.028 0 k
340.5 404.389 45 -13 re
f
Q
BT
8 0 0 8 365.516 395.8892 Tm
-0.025 Tc
(73.70)Tj
ET
q
385.5 391.389 27 13 re
W n
0.132 0.08 0.028 0 k
385.5 404.389 27 -13 re
f
Q
BT
8 0 0 8 395.868 395.8892 Tm
(0.6)Tj
ET
q
0.2 i
385.5 391.389 22 11 re
W n
BT
8 0 0 8 404.148 395.8892 Tm
0 Tc
(4)Tj
ET
Q
q
412.5 391.389 29 13 re
W n
0.132 0.08 0.028 0 k
412.5 404.389 29 -13 re
f
Q
BT
8 0 0 8 424.868 395.8892 Tm
(0.99)Tj
ET
q
441.5 391.389 24 13 re
W n
0.132 0.08 0.028 0 k
441.5 404.389 24 -13 re
f
Q
BT
8 0 0 8 448.868 395.8892 Tm
(0.99)Tj
ET
q
465.5 391.389 5 13 re
W n
0.132 0.08 0.028 0 k
465.5 404.389 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
469.5 404.389 m
469.5 379.389 l
S
Q
q
470.5 391.389 25 13 re
W n
0.132 0.08 0.028 0 k
470.5 404.389 25 -13 re
f
Q
BT
8 0 0 8 475.716 395.8892 Tm
(\(7.66\))Tj
ET
q
495.5 391.389 24 13 re
W n
0.132 0.08 0.028 0 k
495.5 404.389 24 -13 re
f
Q
BT
8 0 0 8 499.716 395.8892 Tm
(\(2.60\))Tj
ET
q
519.5 391.389 24 13 re
W n
0.132 0.08 0.028 0 k
519.5 404.389 24 -13 re
f
Q
BT
8 0 0 8 526.868 395.8892 Tm
(1.39)Tj
ET
q
543.5 391.389 24 13 re
W n
0.132 0.08 0.028 0 k
543.5 404.389 24 -13 re
f
Q
BT
8 0 0 8 550.868 395.8892 Tm
(1.88)Tj
-41.671 -1.625 TD
(Bloomberg Global Aggregate Bond Index in )Tj
0 -1.3125 TD
(EURO)Tj
4 0 0 4 233.148 375.8892 Tm
-0.05 Tc
(\(3\))Tj
8 0 0 8 365.516 382.8892 Tm
-0.025 Tc
[(73.46)-1921(0.70)-2171(1.19)-1546(1.19)]TJ
ET
q
465.5 367.889 5 23.5 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 391.389 m
469.5 366.389 l
S
Q
BT
8 0 0 8 475.716 382.8892 Tm
[(\(5.85\))-1152(\(3.11\))-1546(1.1)]TJ
ET
q
0.2 i
519.5 378.389 19 11 re
W n
BT
8 0 0 8 535.148 382.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 550.868 382.8892 Tm
(1.75)Tj
ET
q
212.5 354.889 128 13 re
W n
0.132 0.08 0.028 0 k
212.5 367.889 128 -13 re
f
Q
BT
8 0 0 8 217.5 359.3892 Tm
(Morningstar Global Bond)Tj
4 0 0 4 285.308 362.8892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
340.5 354.889 45 13 re
W n
0.132 0.08 0.028 0 k
340.5 367.889 45 -13 re
f
Q
q
385.5 354.889 27 13 re
W n
0.132 0.08 0.028 0 k
385.5 367.889 27 -13 re
f
Q
BT
8 0 0 8 395.868 359.3892 Tm
-0.025 Tc
(0.41)Tj
ET
q
412.5 354.889 29 13 re
W n
0.132 0.08 0.028 0 k
412.5 367.889 29 -13 re
f
Q
BT
8 0 0 8 424.868 359.3892 Tm
(0.89)Tj
ET
q
441.5 354.889 24 13 re
W n
0.132 0.08 0.028 0 k
441.5 367.889 24 -13 re
f
Q
BT
8 0 0 8 448.868 359.3892 Tm
(0.89)Tj
ET
q
465.5 354.889 5 13 re
W n
0.132 0.08 0.028 0 k
465.5 367.889 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
469.5 367.889 m
469.5 342.889 l
S
Q
q
470.5 354.889 25 13 re
W n
0.132 0.08 0.028 0 k
470.5 367.889 25 -13 re
f
Q
BT
8 0 0 8 475.716 359.3892 Tm
(\(5.86\))Tj
ET
q
495.5 354.889 24 13 re
W n
0.132 0.08 0.028 0 k
495.5 367.889 24 -13 re
f
Q
BT
8 0 0 8 499.716 359.3892 Tm
(\(2.61\))Tj
ET
q
519.5 354.889 24 13 re
W n
0.132 0.08 0.028 0 k
519.5 367.889 24 -13 re
f
Q
BT
8 0 0 8 526.868 359.3892 Tm
(0.32)Tj
ET
q
543.5 354.889 24 13 re
W n
0.132 0.08 0.028 0 k
543.5 367.889 24 -13 re
f
Q
BT
8 0 0 8 550.868 359.3892 Tm
(0.86)Tj
-41.671 -1.625 TD
(Quartile Position in Sector)Tj
4 0 0 4 287.62 349.8892 Tm
-0.05 Tc
(\(4\))Tj
8 0 0 8 404.148 346.3892 Tm
3.181 Tc
[(33)625(3)]TJ
ET
q
465.5 341.889 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 354.889 m
469.5 329.889 l
S
Q
q
0.2 i
470.5 341.889 20 11 re
W n
BT
8 0 0 8 487.148 346.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 511.148 346.3892 Tm
2.556 Tc
(211)Tj
ET
q
212.5 319.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 335.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 324.8892 Tm
0 0 0 0 k
-0.015 Tc
(Calendar Year Performance \(%\))Tj
/F2 1 Tf
8 0 0 8 333.092 310.8892 Tm
0 0 0 1 k
-0.025 Tc
[(2013)-1324(201)]TJ
ET
q
0.2 i
351.5 306.389 19 11 re
W n
BT
8 0 0 8 367.148 310.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 381.092 310.8892 Tm
[(2015)-1324(2016)-1324(2017)-1324(2018)-1324(2019)-1324(2020)-1324(2021)-1324(2022)]TJ
ET
q
212.5 293.389 114 13 re
W n
0.132 0.08 0.028 0 k
212.5 306.389 114 -13 re
f
Q
BT
8 0 0 8 217.5 297.8892 Tm
(Class I Shares \(Acc.\) \(EUR\))Tj
ET
q
326.5 293.389 25 13 re
W n
0.132 0.08 0.028 0 k
326.5 306.389 25 -13 re
f
Q
BT
8 0 0 8 336.196 297.8892 Tm
(-5.2)Tj
ET
q
351.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
351.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 358.868 297.8892 Tm
(12.7)Tj
ET
q
375.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
375.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 386.22 297.8892 Tm
(7.)Tj
ET
q
0.2 i
375.5 293.389 19 11 re
W n
BT
8 0 0 8 391.148 297.8892 Tm
0 Tc
(4)Tj
ET
Q
q
399.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
399.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 410.22 297.8892 Tm
(5.8)Tj
ET
q
423.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
423.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 432.196 297.8892 Tm
(-5.8)Tj
ET
q
447.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
447.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 458.22 297.8892 Tm
(3.)Tj
ET
q
0.2 i
447.5 293.389 19 11 re
W n
BT
8 0 0 8 463.148 297.8892 Tm
0 Tc
(4)Tj
ET
Q
q
471.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
471.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 478.868 297.8892 Tm
(10.7)Tj
ET
q
495.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
495.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 506.22 297.8892 Tm
(3.5)Tj
ET
q
519.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
519.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 530.22 297.8892 Tm
(1.9)Tj
ET
q
543.5 293.389 24 13 re
W n
0.132 0.08 0.028 0 k
543.5 306.389 24 -13 re
f
Q
BT
8 0 0 8 548.844 297.8892 Tm
(-13.0)Tj
-41.418 -1.625 TD
(Bloomberg Global Aggregate Bond )Tj
0 -1.3125 TD
(Index in EURO)Tj
14.837 1.3125 TD
[(-6.8)-1546(14.5)-1965(7.9)-1965(5.1)-1712(-5.7)-1965(3.8)-1965(8.8)-1965(0.2)-1965(2.5)-1293(-10.8)]TJ
/F5 1 Tf
-14.837 -16.0236 TD
(This is a marketing communication. Please refer to the Prospectus and KIID before making any nal investment )Tj
0 -1.225 TD
(decisions. Please see Additional Notes. All performance and holdings data as at 31-Mar-23.)Tj
0 -1.2875 TD
0 Tc
[(Past performance does not predict future returns. The fund)74(s returns may increase or decrease as a result of )]TJ
0 -1.225 TD
(changes to foreign exchange rates.)Tj
/F2 1 Tf
T*
[(* 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 -1.225 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 -1.225 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 -1.225 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 24.5 350 118.1 re
W n
BT
8 0 0 8 217.5 28.8 Tm
(f)Tj
ET
Q
BT
8 0 0 8 219.724 28.8 Tm
(und and the amount of the investment would be suitable)Tj
/F2 1 Tf
22.61 0 TD
(.)Tj
ET
0.746 0.676 0.668 0.898 k
0.2 i
108.925 31.419 m
105.949 38.753 l
104.863 38.753 l
104.863 30.486 l
105.831 30.486 l
105.831 36.852 l
105.913 36.544 106.185 35.812 106.244 35.67 c
108.405 30.486 l
109.433 30.486 l
111.594 35.682 l
111.653 35.812 111.925 36.544 112.019 36.852 c
112.019 30.486 l
112.976 30.486 l
112.976 38.753 l
111.889 38.753 l
h
117.452 44.417 m
117.452 45.42 116.719 45.917 115.503 46.152 c
114.523 46.341 113.944 46.637 113.944 47.192 c
113.944 47.711 114.476 47.983 115.113 47.983 c
115.799 47.983 116.377 47.629 116.66 46.885 c
117.393 47.31 l
116.991 48.208 116.306 48.739 115.102 48.739 c
114.003 48.739 113.07 48.148 113.07 47.168 c
113.07 46.152 113.944 45.633 115.066 45.432 c
116.07 45.243 116.53 44.96 116.53 44.369 c
116.53 43.767 116.023 43.365 115.255 43.365 c
114.381 43.365 113.802 43.909 113.531 44.747 c
112.739 44.251 l
113.106 43.342 113.932 42.55 115.255 42.55 c
116.684 42.55 117.452 43.448 117.452 44.417 c
108.252 49.258 m
108.335 49.448 108.429 49.719 108.476 49.884 c
108.524 49.719 108.618 49.448 108.7 49.258 c
109.965 45.999 l
106.988 45.999 l
h
106.657 45.148 m
110.295 45.148 l
111.24 42.716 l
112.291 42.716 l
108.984 50.983 l
107.968 50.983 l
104.662 42.716 l
105.713 42.716 l
h
93.693 30.57 0.476 23.298 re
135.758 31.407 m
134.612 31.407 133.844 32.222 133.844 33.544 c
133.844 34.867 134.612 35.682 135.758 35.682 c
136.903 35.682 137.682 34.867 137.682 33.544 c
137.682 32.222 136.903 31.407 135.758 31.407 c
137.612 35.505 m
137.246 36.096 136.572 36.509 135.639 36.509 c
134.175 36.509 132.899 35.422 132.899 33.544 c
132.899 31.714 134.104 30.581 135.639 30.581 c
136.572 30.581 137.21 31.005 137.612 31.655 c
137.612 30.805 l
137.612 29.387 136.974 28.703 135.781 28.703 c
134.777 28.703 134.163 29.045 134.163 29.6 c
134.163 29.765 134.198 29.895 134.246 30.025 c
133.36 30.285 l
133.265 30.108 133.206 29.895 133.206 29.648 c
133.206 28.655 134.116 27.911 135.781 27.911 c
137.564 27.911 138.568 29.009 138.568 30.876 c
138.568 36.344 l
137.612 36.344 l
h
82.882 48.767 m
82.882 50.366 82.117 51.204 80.742 51.204 c
79.901 51.204 79.061 50.823 78.831 50.062 c
78.755 50.975 l
78.526 50.975 l
76.31 50.747 l
76.31 50.518 l
76.615 50.138 l
76.615 43.513 l
76.31 43.057 l
76.31 42.828 l
79.137 42.828 l
79.137 43.057 l
78.831 43.513 l
78.831 48.919 l
78.831 49.757 79.29 50.366 79.901 50.366 c
80.36 50.366 80.666 49.985 80.666 49.376 c
80.666 43.513 l
80.283 43.057 l
80.283 42.828 l
83.187 42.828 l
83.187 43.057 l
82.882 43.513 l
h
126.581 47.971 m
127.538 47.971 128.388 47.381 128.447 46.259 c
124.573 46.259 l
124.762 47.227 125.565 47.971 126.581 47.971 c
129.238 44.263 m
128.529 44.676 l
128.164 43.909 127.585 43.365 126.581 43.365 c
125.4 43.365 124.633 44.298 124.573 45.491 c
129.404 45.491 l
129.404 45.81 l
129.404 47.523 128.317 48.739 126.593 48.739 c
124.951 48.739 123.64 47.463 123.64 45.645 c
123.64 43.826 124.94 42.55 126.546 42.55 c
127.857 42.55 128.695 43.165 129.238 44.263 c
130.774 33.356 m
130.774 32.222 130.089 31.147 128.908 31.147 c
128.199 31.147 127.738 31.549 127.738 32.151 c
127.738 32.753 128.187 33.167 128.978 33.296 c
130.774 33.592 l
h
131.718 34.572 m
131.718 35.8 130.892 36.509 129.392 36.509 c
128.034 36.509 127.112 35.73 127.112 34.82 c
127.112 34.667 127.148 34.489 127.207 34.359 c
128.022 34.631 l
127.998 34.726 127.998 34.75 127.998 34.796 c
127.998 35.293 128.471 35.753 129.392 35.753 c
130.266 35.753 130.774 35.363 130.774 34.596 c
130.774 34.324 l
128.79 34.005 l
127.727 33.84 126.794 33.261 126.794 32.116 c
126.794 31.065 127.561 30.32 128.754 30.32 c
129.616 30.32 130.467 30.852 130.785 31.643 c
130.785 31.041 130.974 30.663 131.128 30.486 c
132.085 30.486 l
131.801 30.935 131.718 31.277 131.718 31.95 c
h
133.183 43.46 m
133.065 43.424 132.887 43.389 132.722 43.389 c
132.191 43.389 131.919 43.672 131.919 44.287 c
131.919 47.83 l
133.313 47.83 l
133.313 48.574 l
131.919 48.574 l
131.919 50.156 l
130.963 50.156 l
130.963 48.574 l
129.97 48.574 l
129.97 47.83 l
130.963 47.83 l
130.963 44.216 l
130.963 43.011 131.671 42.55 132.51 42.55 c
132.817 42.55 133.065 42.598 133.265 42.669 c
h
156.696 34.029 m
156.885 34.997 157.688 35.741 158.704 35.741 c
159.661 35.741 160.511 35.151 160.57 34.029 c
h
158.716 36.509 m
157.074 36.509 155.763 35.233 155.763 33.415 c
155.763 31.596 157.063 30.32 158.669 30.32 c
159.98 30.32 160.818 30.935 161.361 32.033 c
160.653 32.446 l
160.287 31.679 159.708 31.135 158.704 31.135 c
157.523 31.135 156.756 32.068 156.696 33.261 c
161.527 33.261 l
161.527 33.58 l
161.527 35.293 160.44 36.509 158.716 36.509 c
152.846 36.509 m
152.067 36.509 151.359 36.06 150.992 35.387 c
150.744 36.107 150.13 36.509 149.374 36.509 c
148.618 36.509 147.957 36.06 147.614 35.434 c
147.614 36.344 l
146.67 36.344 l
146.67 30.486 l
147.614 30.486 l
147.614 33.674 l
147.614 34.962 148.3 35.682 149.067 35.682 c
149.8 35.682 150.166 35.186 150.166 34.454 c
150.166 30.486 l
151.122 30.486 l
151.122 33.627 l
151.122 35.033 151.819 35.682 152.563 35.682 c
153.295 35.682 153.697 35.281 153.697 34.489 c
153.697 30.486 l
154.653 30.486 l
154.653 34.761 l
154.653 35.848 153.933 36.509 152.846 36.509 c
118.137 33.356 m
118.137 32.222 117.452 31.147 116.271 31.147 c
115.562 31.147 115.102 31.549 115.102 32.151 c
115.102 32.753 115.55 33.167 116.342 33.296 c
118.137 33.592 l
h
119.082 34.572 m
119.082 35.8 118.255 36.509 116.755 36.509 c
115.397 36.509 114.476 35.73 114.476 34.82 c
114.476 34.667 114.511 34.489 114.57 34.359 c
115.385 34.631 l
115.362 34.726 115.362 34.75 115.362 34.796 c
115.362 35.293 115.834 35.753 116.755 35.753 c
117.629 35.753 118.137 35.363 118.137 34.596 c
118.137 34.324 l
116.153 34.005 l
115.09 33.84 114.157 33.261 114.157 32.116 c
114.157 31.065 114.925 30.32 116.117 30.32 c
116.979 30.32 117.83 30.852 118.149 31.643 c
118.149 31.041 118.338 30.663 118.491 30.486 c
119.448 30.486 l
119.164 30.935 119.082 31.277 119.082 31.95 c
h
123.558 36.509 m
122.719 36.509 121.964 36.037 121.527 35.304 c
121.527 36.344 l
120.582 36.344 l
120.582 30.486 l
121.527 30.486 l
121.527 33.687 l
121.527 34.82 122.342 35.647 123.239 35.647 c
124.089 35.647 124.668 35.139 124.668 34.218 c
124.668 30.486 l
125.612 30.486 l
125.612 34.466 l
125.612 35.859 124.692 36.509 123.558 36.509 c
140.611 34.029 m
140.8 34.997 141.603 35.741 142.619 35.741 c
143.576 35.741 144.426 35.151 144.485 34.029 c
h
142.631 36.509 m
140.989 36.509 139.678 35.233 139.678 33.415 c
139.678 31.596 140.977 30.32 142.584 30.32 c
143.895 30.32 144.733 30.935 145.276 32.033 c
144.568 32.446 l
144.201 31.679 143.623 31.135 142.619 31.135 c
141.438 31.135 140.67 32.068 140.611 33.261 c
145.442 33.261 l
145.442 33.58 l
145.442 35.293 144.355 36.509 142.631 36.509 c
72.641 44.96 m
72.641 44.199 72.336 43.589 71.801 43.589 c
71.19 43.589 70.96 44.123 70.96 45.112 c
70.96 46.331 71.419 47.092 72.336 47.473 c
72.641 47.625 l
h
74.858 48.767 m
74.858 50.29 73.864 51.204 72.03 51.204 c
71.19 51.204 70.273 50.975 69.279 50.67 c
69.279 48.082 l
70.043 48.082 l
70.502 49.376 l
70.884 50.29 71.266 50.594 71.801 50.594 c
72.412 50.594 72.641 50.213 72.641 49.3 c
72.641 48.158 l
71.648 47.777 l
69.432 46.864 68.668 46.026 68.668 44.732 c
68.668 43.361 69.508 42.676 70.731 42.676 c
71.648 42.676 72.412 43.133 72.641 43.818 c
72.795 42.828 l
75.24 42.828 l
75.24 43.057 l
74.858 43.513 l
h
32.369 47.929 m
33.515 47.168 l
33.515 43.361 l
33.21 43.285 32.904 43.285 32.751 43.285 c
30.993 43.285 30.611 44.808 30.611 48.158 c
30.611 51.356 31.299 53.183 32.751 53.183 c
33.515 53.183 33.974 52.726 34.432 51.508 c
34.891 50.213 l
35.655 50.213 l
35.655 53.564 l
34.585 53.792 33.668 53.868 33.21 53.868 c
29.694 53.868 27.86 51.813 27.86 48.082 c
27.86 44.732 29.236 42.676 32.674 42.676 c
33.439 42.676 34.661 42.752 35.731 42.904 c
35.731 48.31 l
32.369 48.31 l
h
40.546 32.702 m
40.546 31.864 40.24 31.331 39.629 31.331 c
39.094 31.331 38.864 31.864 38.864 32.854 c
38.864 33.996 39.247 34.757 40.24 35.214 c
40.546 35.367 l
h
42.762 36.509 m
42.762 38.031 41.768 38.869 39.934 38.869 c
39.094 38.869 38.1 38.717 37.183 38.412 c
37.183 35.823 l
37.947 35.823 l
38.406 37.118 l
38.788 38.031 39.17 38.336 39.705 38.336 c
40.24 38.336 40.546 37.955 40.546 37.042 c
40.546 35.899 l
39.552 35.519 l
37.336 34.605 36.572 33.768 36.572 32.473 c
36.572 31.103 37.413 30.341 38.635 30.341 c
39.552 30.341 40.317 30.798 40.546 31.56 c
40.622 30.57 l
43.068 30.57 l
43.068 30.798 l
42.762 31.255 l
h
33.591 36.965 m
31.987 37.879 l
31.146 38.336 30.688 38.945 30.688 39.63 c
30.688 40.392 31.299 40.925 32.216 40.925 c
33.133 40.925 33.515 40.468 33.974 39.173 c
34.432 37.955 l
35.196 37.955 l
35.196 41.381 l
34.127 41.534 33.439 41.534 32.827 41.534 c
30.305 41.534 28.777 40.392 28.777 38.565 c
28.777 37.346 29.465 36.28 30.688 35.671 c
32.293 34.757 l
33.21 34.3 33.591 33.615 33.591 32.778 c
33.591 31.712 32.904 31.027 31.987 31.027 c
31.07 31.027 30.535 31.712 29.847 33.844 c
29.542 34.757 l
28.777 34.757 l
28.777 30.646 l
29.694 30.494 30.764 30.341 31.529 30.341 c
34.127 30.341 35.578 31.56 35.578 33.768 c
35.578 35.138 34.967 36.204 33.591 36.965 c
171.86 35.6 m
171.86 36.344 l
170.466 36.344 l
170.466 37.926 l
169.51 37.926 l
169.51 36.344 l
168.518 36.344 l
168.518 35.6 l
169.51 35.6 l
169.51 31.986 l
169.51 30.781 170.218 30.32 171.057 30.32 c
171.364 30.32 171.612 30.368 171.813 30.439 c
171.73 31.23 l
171.612 31.194 171.435 31.159 171.27 31.159 c
170.738 31.159 170.466 31.442 170.466 32.057 c
170.466 35.6 l
h
120.7 43.365 m
119.826 43.365 119.247 43.909 118.975 44.747 c
118.184 44.251 l
118.55 43.342 119.377 42.55 120.7 42.55 c
122.129 42.55 122.896 43.448 122.896 44.417 c
122.896 45.42 122.164 45.917 120.947 46.152 c
119.967 46.341 119.389 46.637 119.389 47.192 c
119.389 47.711 119.92 47.983 120.558 47.983 c
121.243 47.983 121.821 47.629 122.105 46.885 c
122.837 47.31 l
122.436 48.208 121.751 48.739 120.546 48.739 c
119.448 48.739 118.515 48.148 118.515 47.168 c
118.515 46.152 119.389 45.633 120.51 45.432 c
121.514 45.243 121.975 44.96 121.975 44.369 c
121.975 43.767 121.467 43.365 120.7 43.365 c
47.729 43.057 m
47.424 43.513 l
47.424 53.336 l
44.825 53.107 l
44.825 52.878 l
45.131 52.422 l
45.131 43.513 l
44.825 43.057 l
44.825 42.828 l
47.729 42.828 l
h
62.936 35.367 m
61.485 36.128 l
60.72 36.585 60.415 36.889 60.415 37.422 c
60.415 37.955 60.797 38.336 61.485 38.336 c
62.172 38.336 62.478 38.031 62.86 37.194 c
63.166 36.356 l
63.853 36.356 l
63.853 38.641 l
63.089 38.793 62.402 38.869 61.79 38.869 c
59.88 38.869 58.733 38.031 58.733 36.509 c
58.733 35.595 59.192 34.91 60.109 34.377 c
61.561 33.615 l
62.325 33.235 62.707 32.778 62.707 32.169 c
62.707 31.331 62.249 30.875 61.408 30.875 c
60.568 30.875 60.185 31.407 59.651 32.93 c
59.421 33.539 l
58.733 33.539 l
58.733 30.646 l
59.956 30.418 60.72 30.341 61.255 30.341 c
63.471 30.341 64.312 31.483 64.312 33.006 c
64.312 34.072 63.853 34.834 62.936 35.367 c
52.238 50.594 m
53.078 50.594 53.308 49.376 53.308 47.016 c
53.308 44.503 53.078 43.285 52.238 43.285 c
51.473 43.285 51.168 44.123 51.168 46.94 c
51.168 49.681 51.473 50.594 52.238 50.594 c
53.384 44.046 m
53.537 42.828 l
55.829 42.828 l
55.829 43.057 l
55.524 43.513 l
55.524 53.336 l
52.925 53.107 l
52.925 52.878 l
53.308 52.422 l
53.308 50.213 l
53.078 50.823 52.544 51.204 51.779 51.204 c
49.945 51.204 48.875 49.757 48.875 47.016 c
48.875 44.199 49.869 42.676 51.703 42.676 c
52.62 42.676 53.155 43.057 53.384 44.046 c
40.469 43.209 m
39.705 43.209 39.476 43.97 39.476 46.94 c
39.476 49.909 39.705 50.67 40.469 50.67 c
41.157 50.67 41.463 49.909 41.463 46.94 c
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40.469 51.204 m
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-2.4213 -1.3333 TD
(5.6)Tj
ET
q
0.2 i
287.5 640.889 16 8 re
W n
BT
6 0 0 6 299.032 644.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 644.3893 Tm
0 0 0 1 k
(Asset-Backed Securities )Tj
ET
q
0.2 i
307.5 640.889 75 8 re
W n
BT
6 0 0 6 363.684 644.3893 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 365.152 644.3893 Tm
(ABS)Tj
ET
q
0.2 i
307.5 640.889 75 8 re
W n
BT
6 0 0 6 375.22 644.3893 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 292.972 636.3892 Tm
0.79 0.18 1 0.04 k
(4.9)Tj
ET
q
0.2 i
287.5 632.889 16 8 re
W n
BT
6 0 0 6 299.032 636.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 636.3892 Tm
0 0 0 1 k
(Emerging Market Debt)Tj
/F5 1 Tf
0.79 0.18 1 0.04 k
-2.4213 -1.3333 TD
(2.1)Tj
ET
q
0.2 i
287.5 624.889 16 8 re
W n
BT
6 0 0 6 299.032 628.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 628.3892 Tm
0 0 0 1 k
(Commercial Mortgages )Tj
ET
q
0.2 i
307.5 624.889 75 8 re
W n
BT
6 0 0 6 360.954 628.3892 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 362.422 628.3892 Tm
(CMBS)Tj
ET
q
0.2 i
307.5 624.889 75 8 re
W n
BT
6 0 0 6 376.958 628.3892 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 292.972 620.3893 Tm
0.79 0.18 1 0.04 k
(0.9)Tj
ET
q
0.2 i
287.5 616.889 16 8 re
W n
BT
6 0 0 6 299.032 620.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 620.3893 Tm
0 0 0 1 k
(Corporates - High Yield)Tj
/F5 1 Tf
0.79 0.18 1 0.04 k
-2.4213 -1.3333 TD
(0.1)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
(Equities)Tj
/F5 1 Tf
0.79 0.18 1 0.04 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
287.5 600.889 16 8 re
W n
BT
6 0 0 6 299.032 604.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 604.3892 Tm
0 0 0 1 k
(Covered Bonds)Tj
/F5 1 Tf
0.79 0.18 1 0.04 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
287.5 592.889 16 8 re
W n
BT
6 0 0 6 299.032 596.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 596.3893 Tm
0 0 0 1 k
(Municipal)Tj
/F5 1 Tf
0.79 0.18 1 0.04 k
-2.721 -1.3333 TD
(-1.7)Tj
ET
q
0.2 i
287.5 584.889 16 8 re
W n
BT
6 0 0 6 299.032 588.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 588.3892 Tm
0 0 0 1 k
(Cash)Tj
/F5 1 Tf
0.79 0.18 1 0.04 k
-2.4213 -1.3333 TD
(0.7)Tj
ET
q
0.2 i
287.5 576.889 16 8 re
W n
BT
6 0 0 6 299.032 580.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 580.3892 Tm
0 0 0 1 k
(Derivatives)Tj
ET
q
0.2 i
431.5 672.889 18 8 re
W n
0 0 0 1 K
0.5 w
/GS2 gs
448.346 674.91 m
439.95 678.837 432.082 678.142 y
432 680.889 m
432 675.272 l
446.781 677.483 m
448.69 674.895 l
445.535 673.594 l
S
Q
0.92 0.73 0.2 0.05 k
/GS2 gs
430 642.889 m
430 672.889 l
441.337 672.889 451.706 666.498 456.8 656.37 c
h
430 642.889 m
f
/GS1 gs
430 642.889 m
430 672.889 l
441.337 672.889 451.706 666.498 456.8 656.37 c
h
430 642.889 m
S
430 642.889 m
456.8 656.37 l
464.246 641.569 458.283 623.534 443.481 616.089 c
431.836 610.231 417.742 612.564 408.604 621.86 c
h
430 642.889 m
f
430 642.889 m
456.8 656.37 l
464.246 641.569 458.283 623.534 443.481 616.089 c
431.836 610.231 417.742 612.564 408.604 621.86 c
h
430 642.889 m
S
430 642.889 m
408.604 621.86 l
403.489 627.065 400.446 633.956 400.045 641.242 c
h
430 642.889 m
f
430 642.889 m
408.604 621.86 l
403.489 627.065 400.446 633.956 400.045 641.242 c
h
430 642.889 m
S
430 642.889 m
400.045 641.242 l
399.775 646.156 400.718 651.06 402.79 655.523 c
h
430 642.889 m
f
430 642.889 m
400.045 641.242 l
399.775 646.156 400.718 651.06 402.79 655.523 c
h
430 642.889 m
S
430 642.889 m
402.79 655.523 l
402.843 655.637 402.896 655.75 402.951 655.863 c
h
430 642.889 m
f
430 642.889 m
402.79 655.523 l
402.843 655.637 402.896 655.75 402.951 655.863 c
h
430 642.889 m
S
430 642.889 m
402.951 655.863 l
407.128 664.573 415.244 670.738 424.755 672.427 c
h
430 642.889 m
f
430 642.889 m
402.951 655.863 l
407.128 664.573 415.244 670.738 424.755 672.427 c
h
430 642.889 m
S
430 642.889 m
424.755 672.427 l
425.002 672.471 425.249 672.512 425.498 672.549 c
h
430 642.889 m
f
430 642.889 m
424.755 672.427 l
425.002 672.471 425.249 672.512 425.498 672.549 c
h
430 642.889 m
S
430 642.889 m
425.498 672.549 l
425.684 672.578 425.87 672.604 426.057 672.629 c
h
430 642.889 m
f
430 642.889 m
425.498 672.549 l
425.684 672.578 425.87 672.604 426.057 672.629 c
h
430 642.889 m
S
430 642.889 m
426.057 672.629 l
427.364 672.802 428.681 672.889 430 672.889 c
h
430 642.889 m
f
430 642.889 m
426.057 672.629 l
427.364 672.802 428.681 672.889 430 672.889 c
h
430 642.889 m
S
0 0 0 0 k
445 642.889 m
445 651.173 438.284 657.889 430 657.889 c
421.716 657.889 415 651.173 415 642.889 c
415 634.605 421.716 627.889 430 627.889 c
438.284 627.889 445 634.605 445 642.889 c
f
445 642.889 m
445 651.173 438.284 657.889 430 657.889 c
421.716 657.889 415 651.173 415 642.889 c
415 634.605 421.716 627.889 430 627.889 c
438.284 627.889 445 634.605 445 642.889 c
S
BT
/F5 1 Tf
6 0 0 6 468.008 676.3892 Tm
0.92 0.73 0.2 0.05 k
(17.6)Tj
ET
q
0.2 i
465 672.889 16 8 re
W n
BT
6 0 0 6 476.532 676.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 676.3892 Tm
0 0 0 1 k
(Corporates - Inv. Grade)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.3333 TD
(45.1)Tj
ET
q
0.2 i
465 664.889 16 8 re
W n
BT
6 0 0 6 476.532 668.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 668.3893 Tm
0 0 0 1 k
(Governments)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.832 -1.3333 TD
(11.5)Tj
ET
q
0.2 i
465 656.889 16 8 re
W n
BT
6 0 0 6 476.532 660.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 660.3892 Tm
0 0 0 1 k
(Residential Mortgages )Tj
ET
q
0.2 i
485 656.889 75 8 re
W n
BT
6 0 0 6 536.256 660.3892 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 537.724 660.3892 Tm
(RMBS)Tj
ET
q
0.2 i
485 656.889 75 8 re
W n
BT
6 0 0 6 552.26 660.3892 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 470.472 652.3892 Tm
0.92 0.73 0.2 0.05 k
(7.8)Tj
ET
q
0.2 i
465 648.889 16 8 re
W n
BT
6 0 0 6 476.532 652.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 652.3892 Tm
0 0 0 1 k
(Quasi-Governments)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.2)Tj
ET
q
0.2 i
465 640.889 16 8 re
W n
BT
6 0 0 6 476.532 644.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 644.3893 Tm
0 0 0 1 k
(Asset-Backed Securities )Tj
ET
q
0.2 i
485 640.889 75 8 re
W n
BT
6 0 0 6 541.184 644.3893 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 542.652 644.3893 Tm
(ABS)Tj
ET
q
0.2 i
485 640.889 75 8 re
W n
BT
6 0 0 6 552.72 644.3893 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 468.008 636.3892 Tm
0.92 0.73 0.2 0.05 k
(15.1)Tj
ET
q
0.2 i
465 632.889 16 8 re
W n
BT
6 0 0 6 476.532 636.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 636.3892 Tm
0 0 0 1 k
(Emerging Market Debt)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.4)Tj
ET
q
0.2 i
465 624.889 16 8 re
W n
BT
6 0 0 6 476.532 628.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 628.3892 Tm
0 0 0 1 k
(Commercial Mortgages )Tj
ET
q
0.2 i
485 624.889 75 8 re
W n
BT
6 0 0 6 538.454 628.3892 Tm
0 Tc
(\()Tj
ET
Q
BT
6 0 0 6 539.922 628.3892 Tm
(CMBS)Tj
ET
q
0.2 i
485 624.889 75 8 re
W n
BT
6 0 0 6 554.458 628.3892 Tm
0 Tc
(\))Tj
ET
Q
BT
/F5 1 Tf
6 0 0 6 470.472 620.3893 Tm
0.92 0.73 0.2 0.05 k
(0.3)Tj
ET
q
0.2 i
465 616.889 16 8 re
W n
BT
6 0 0 6 476.532 620.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 620.3893 Tm
0 0 0 1 k
(Corporates - High Yield)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.0)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
(Equities)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(2.1)Tj
ET
q
0.2 i
465 600.889 16 8 re
W n
BT
6 0 0 6 476.532 604.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 604.3892 Tm
0 0 0 1 k
(Covered Bonds)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
465 592.889 16 8 re
W n
BT
6 0 0 6 476.532 596.3893 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 596.3893 Tm
0 0 0 1 k
(Municipal)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
465 584.889 16 8 re
W n
BT
6 0 0 6 476.532 588.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 588.3892 Tm
0 0 0 1 k
(Cash)Tj
/F5 1 Tf
0.92 0.73 0.2 0.05 k
-2.4213 -1.3333 TD
(0.0)Tj
ET
q
0.2 i
465 576.889 16 8 re
W n
BT
6 0 0 6 476.532 580.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 485 580.3892 Tm
0 0 0 1 k
(Derivatives)Tj
ET
q
212.5 550.389 170 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 566.889 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 555.8892 Tm
0 0 0 0 k
-0.015 Tc
(Geographical Bond Allocation \(%\))Tj
ET
q
397.5 550.389 170 16.5 re
W n
0.53 0.32 0.11 0 k
397.5 566.889 170 -16.5 re
f
Q
BT
10 0 0 10 401.5 555.8892 Tm
(Credit Allocation \(%\))Tj
/F2 1 Tf
8 0 0 8 220.516 530.3892 Tm
0 0 0 1 k
-0.025 Tc
(Goldman Sachs Global Fixed )Tj
4.137 -1.3125 TD
(Income Portfolio)Tj
9.445 2.75 TD
(Bloomberg Global )Tj
-1.54 -1.3125 TD
(Aggregate Bond \(Total )Tj
-0.643 -1.3125 TD
(Return, Unhedged, USD\))Tj
ET
q
212.5 501.389 70 14 re
W n
0.132 0.08 0.028 0 k
212.5 515.389 70 -14 re
f
Q
BT
8 0 0 8 217.5 506.8892 Tm
(US)Tj
ET
q
282.5 501.389 20 14 re
W n
0.132 0.08 0.028 0 k
282.5 515.389 20 -14 re
f
Q
BT
8 0 0 8 285.868 506.8892 Tm
(54.)Tj
ET
q
0.2 i
282.5 502.389 15 11 re
W n
BT
8 0 0 8 294.148 506.8892 Tm
0 Tc
(4)Tj
ET
Q
q
302.5 501.389 80 14 re
W n
0.132 0.08 0.028 0 k
302.5 515.389 80 -14 re
f
Q
BT
8 0 0 8 365.868 506.8892 Tm
(44.9)Tj
-18.546 -1.75 TD
[(Eurozone)-5471(16.6)-8546(21.)]TJ
ET
q
0.2 i
302.5 488.389 75 11 re
W n
BT
8 0 0 8 374.148 492.8892 Tm
0 Tc
(4)Tj
ET
Q
q
212.5 473.389 70 14 re
W n
0.132 0.08 0.028 0 k
212.5 487.389 70 -14 re
f
Q
BT
8 0 0 8 217.5 478.8892 Tm
(Japan)Tj
ET
q
282.5 473.389 20 14 re
W n
0.132 0.08 0.028 0 k
282.5 487.389 20 -14 re
f
Q
BT
8 0 0 8 285.868 478.8892 Tm
(16.1)Tj
ET
q
302.5 473.389 80 14 re
W n
0.132 0.08 0.028 0 k
302.5 487.389 80 -14 re
f
Q
BT
8 0 0 8 365.868 478.8892 Tm
(11.9)Tj
-18.546 -1.75 TD
[(UK)-7959(6.9)-8965(4.0)]TJ
ET
q
212.5 445.389 70 14 re
W n
0.132 0.08 0.028 0 k
212.5 459.389 70 -14 re
f
Q
BT
8 0 0 8 217.5 450.8892 Tm
(Canada)Tj
ET
q
282.5 445.389 20 14 re
W n
0.132 0.08 0.028 0 k
282.5 459.389 20 -14 re
f
Q
BT
8 0 0 8 289.22 450.8892 Tm
(2.6)Tj
ET
q
302.5 445.389 80 14 re
W n
0.132 0.08 0.028 0 k
302.5 459.389 80 -14 re
f
Q
BT
8 0 0 8 369.22 450.8892 Tm
(2.7)Tj
-18.965 -1.75 TD
[(Denmark)-5918(0.1)-8965(0.2)]TJ
ET
q
212.5 417.389 70 14 re
W n
0.132 0.08 0.028 0 k
212.5 431.389 70 -14 re
f
Q
BT
8 0 0 8 217.5 422.8892 Tm
(Sweden)Tj
ET
q
282.5 417.389 20 14 re
W n
0.132 0.08 0.028 0 k
282.5 431.389 20 -14 re
f
Q
BT
8 0 0 8 289.22 422.8892 Tm
(0.1)Tj
ET
q
302.5 417.389 80 14 re
W n
0.132 0.08 0.028 0 k
302.5 431.389 80 -14 re
f
Q
BT
8 0 0 8 369.22 422.8892 Tm
(0.)Tj
ET
q
0.2 i
302.5 418.389 75 11 re
W n
BT
8 0 0 8 374.148 422.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 217.5 408.8892 Tm
[(Norway)-6282(0.0)-8965(0.1)]TJ
ET
0.132 0.08 0.028 0 k
212.5 403.389 70 -14 re
f
BT
8 0 0 8 217.5 394.8893 Tm
0 0 0 1 k
(Australia)Tj
ET
q
282.5 389.389 20 14 re
W n
0.132 0.08 0.028 0 k
282.5 403.389 20 -14 re
f
Q
BT
8 0 0 8 287.196 394.8893 Tm
(-0.1)Tj
ET
q
302.5 389.389 80 14 re
W n
0.132 0.08 0.028 0 k
302.5 403.389 80 -14 re
f
Q
BT
8 0 0 8 369.22 394.8893 Tm
(1.)Tj
ET
q
0.2 i
302.5 390.389 75 11 re
W n
BT
8 0 0 8 374.148 394.8893 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 217.5 380.8892 Tm
[(Other)-7090(3.)]TJ
ET
q
0.2 i
282.5 376.389 15 11 re
W n
BT
8 0 0 8 294.148 380.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 365.868 380.8892 Tm
(12.9)Tj
ET
0 0 0 0.4 K
0.2 w
469.5 413.571 m
564.5 413.571 l
469.5 426.753 m
564.5 426.753 l
469.5 439.935 m
564.5 439.935 l
469.5 453.116 m
564.5 453.116 l
469.5 466.298 m
564.5 466.298 l
469.5 479.48 m
564.5 479.48 l
469.5 492.662 m
564.5 492.662 l
469.5 505.844 m
564.5 505.844 l
469.5 519.026 m
564.5 519.026 l
469.5 532.207 m
564.5 532.207 l
469.5 545.389 m
564.5 545.389 l
S
0.38 0.27 0.07 0 k
493.25 400.889 m
493.25 406.98 l
493.25 400.889 l
f
BT
5 0 0 5 497.92 401.9347 Tm
/Cs7 cs 0 scn
0 Tc
(0.0 )Tj
ET
0.79 0.18 1 0.04 k
493.25 413.071 0.831 -6.091 re
f
BT
5 0 0 5 498.7512 408.0256 Tm
/Cs7 cs 0 scn
(0.7 )Tj
ET
0.38 0.27 0.07 0 k
493.25 414.071 m
493.25 420.162 l
493.25 414.071 l
f
BT
5 0 0 5 497.92 415.1165 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.79 0.18 1 0.04 k
491.231 426.253 2.019 -6.091 re
f
BT
5 0 0 5 479.2062 421.2074 Tm
/Cs7 cs 0 scn
(-1.7 )Tj
ET
0.38 0.27 0.07 0 k
493.25 433.344 6.175 -6.091 re
f
BT
5 0 0 5 504.095 428.2983 Tm
/Cs7 cs 0 scn
(5.2 )Tj
ET
0.79 0.18 1 0.04 k
493.25 439.435 0.831 -6.091 re
f
BT
5 0 0 5 498.7512 434.3892 Tm
/Cs7 cs 0 scn
(0.7 )Tj
ET
0.38 0.27 0.07 0 k
493.25 440.435 m
493.25 446.526 l
493.25 440.435 l
f
BT
5 0 0 5 497.92 441.4802 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.79 0.18 1 0.04 k
493.25 452.617 0.594 -6.091 re
f
BT
5 0 0 5 498.5138 447.571 Tm
/Cs7 cs 0 scn
(0.5 )Tj
ET
0.38 0.27 0.07 0 k
493.25 453.617 m
493.25 459.707 l
493.25 453.617 l
f
BT
5 0 0 5 497.92 454.662 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.79 0.18 1 0.04 k
493.25 465.798 0.356 -6.091 re
f
BT
5 0 0 5 498.2763 460.7529 Tm
/Cs7 cs 0 scn
(0.3 )Tj
ET
0.38 0.27 0.07 0 k
493.25 466.798 m
493.25 472.889 l
493.25 466.798 l
f
BT
5 0 0 5 497.92 467.8438 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.79 0.18 1 0.04 k
493.25 478.98 0.119 -6.091 re
f
BT
5 0 0 5 498.0388 473.9347 Tm
/Cs7 cs 0 scn
(0.1 )Tj
ET
0.38 0.27 0.07 0 k
493.25 479.98 m
493.25 486.071 l
493.25 479.98 l
f
BT
5 0 0 5 497.92 481.0256 Tm
/Cs7 cs 0 scn
(0.0 )Tj
ET
0.79 0.18 1 0.04 k
493.25 492.162 0.356 -6.091 re
f
BT
5 0 0 5 498.2763 487.1165 Tm
/Cs7 cs 0 scn
(0.3 )Tj
ET
0.38 0.27 0.07 0 k
493.25 499.253 16.625 -6.091 re
f
BT
5 0 0 5 513.435 494.2075 Tm
/Cs7 cs 0 scn
(14.0 )Tj
ET
0.79 0.18 1 0.04 k
493.25 505.344 39.781 -6.091 re
f
BT
5 0 0 5 536.5912 500.2983 Tm
/Cs7 cs 0 scn
(33.5 )Tj
ET
0.38 0.27 0.07 0 k
493.25 512.435 32.062 -6.091 re
f
BT
5 0 0 5 528.8724 507.3893 Tm
/Cs7 cs 0 scn
(27.0 )Tj
ET
0.79 0.18 1 0.04 k
493.25 518.526 30.756 -6.091 re
f
BT
5 0 0 5 527.5662 513.4802 Tm
/Cs7 cs 0 scn
(25.9 )Tj
ET
0.38 0.27 0.07 0 k
493.25 525.617 15.794 -6.091 re
f
BT
5 0 0 5 512.6038 520.571 Tm
/Cs7 cs 0 scn
(13.3 )Tj
ET
0.79 0.18 1 0.04 k
493.25 531.707 13.656 -6.091 re
f
BT
5 0 0 5 510.4662 526.662 Tm
/Cs7 cs 0 scn
(11.5 )Tj
ET
0.38 0.27 0.07 0 k
493.25 538.798 47.975 -6.091 re
f
BT
5 0 0 5 544.785 533.7529 Tm
/Cs7 cs 0 scn
(40.4 )Tj
ET
0.79 0.18 1 0.04 k
493.25 544.889 33.369 -6.091 re
f
BT
5 0 0 5 530.1788 539.8438 Tm
/Cs7 cs 0 scn
(28.1 )Tj
ET
0 0 0 1 K
0.5 w
469.5 400.389 m
564.5 400.389 l
469.5 400.389 m
469.5 397.389 l
S
BT
5 0 0 5 466.585 391.3892 Tm
0 0 0 1 k
(-20)Tj
ET
481.375 400.389 m
481.375 397.389 l
S
BT
5 0 0 5 478.46 391.3892 Tm
(-10)Tj
ET
493.25 400.389 m
493.25 397.389 l
S
BT
5 0 0 5 492.14 391.3892 Tm
(0)Tj
ET
505.125 400.389 m
505.125 397.389 l
S
BT
5 0 0 5 502.905 391.3892 Tm
(10)Tj
ET
517 400.389 m
517 397.389 l
S
BT
5 0 0 5 514.78 391.3892 Tm
(20)Tj
ET
528.875 400.389 m
528.875 397.389 l
S
BT
5 0 0 5 526.655 391.3892 Tm
(30)Tj
ET
540.75 400.389 m
540.75 397.389 l
S
BT
5 0 0 5 538.53 391.3892 Tm
(40)Tj
ET
552.625 400.389 m
552.625 397.389 l
S
BT
5 0 0 5 550.405 391.3892 Tm
(50)Tj
ET
564.5 400.389 m
564.5 397.389 l
S
BT
5 0 0 5 562.28 391.3892 Tm
(60)Tj
ET
493.25 400.389 m
493.25 545.389 l
S
BT
6 0 0 6 397.5 405.4801 Tm
(Derivatives)Tj
0 2.197 TD
(Cash)Tj
T*
(NR)Tj
T*
(CC)Tj
T*
(CCC)Tj
T*
(B)Tj
T*
(BB)Tj
T*
(BBB)Tj
T*
(A)Tj
T*
(AA)Tj
T*
(AAA)Tj
ET
q
397.5 359.389 5 28 re
W n
0.79 0.18 1 0.04 K
10 w
397.5 387.389 m
402.5 387.389 l
S
Q
BT
/F1 1 Tf
6 0 0 6 405.5 382.8892 Tm
-0.0333 Tc
(Goldman Sachs Global Fixed )Tj
0 -1.25 TD
(Income Portfolio)Tj
ET
q
482.5 359.389 5 28 re
W n
0.38 0.27 0.07 0 K
10 w
482.5 387.389 m
487.5 387.389 l
S
Q
BT
6 0 0 6 490.5 382.8892 Tm
(Bloomberg Global Aggregate )Tj
T*
(Bond \(Total Return, Unhedged, )Tj
T*
(USD\))Tj
/F5 1 Tf
8 0 0 8 217.5 186.1 Tm
-0.025 Tc
(Please see Additional Notes. All performance and holdings data as at 31-Mar-23. Past Performance does not )Tj
0 -1.225 TD
(predict future returns. The value of investments and the income derived from investments will uctuate and can go )Tj
T*
(down as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 159.2 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 156.2 Tm
[(The ongoing charges gure is based on expenses during the previous year)70(. See details in the Key Investor Information )]TJ
-0.444 -1.225 TD
(Document. The on-going charges are the fees the fund charges to investors to cover the day-to-day costs of running the )Tj
T*
[(funds. They are taken from the fund and impacts on the fund)90(s return. Fund charges will be incurred in multiple )]TJ
T*
(currencies, meaning that payments may increase or decrease as a result of currency exchange uctuations. All charges )Tj
T*
(will be paid out by the Fund, which will impact on the overall return of the Fund.)Tj
4 0 0 4 450.252 120 Tm
( \(2\))Tj
8 0 0 8 454.692 117 Tm
(The cumulative performance graph )Tj
-29.649 -1.225 TD
(shows returns since 1-Dec-98 to coincide with the change in benchmark and Portfolio from hedged to unhedged.)Tj
4 0 0 4 543.54 110.2 Tm
( \(3\))Tj
8 0 0 8 547.9801 107.2 Tm
(The )Tj
-41.31 -1.225 TD
(Bloomberg Global Aggregate Bond Index is quoted at month-end with income reinvested and, in contrast to the Portfolio, )Tj
T*
(is shown without the deduction of any expenses.)Tj
4 0 0 4 360.532 90.6 Tm
( \(4\))Tj
8 0 0 8 364.972 87.6 Tm
(The Morningstar sector average gures are calculated using all open )Tj
-18.434 -1.225 TD
(funds available in the universe at the indicated time period. The number of funds in a Morningstar sector varies over )Tj
T*
[(time as new funds are launched and funds close. Source: Morningstar 2023 Morningstar)70(, Inc. All Rights Reserved.)]TJ
4 0 0 4 554.2761 71 Tm
( )Tj
-84.194 -2.45 TD
(\(5\))Tj
8 0 0 8 221.052 58.2 Tm
(Fund returns are shown net of applicable ongoing fees within the portfolio, with dividends re-invested using the ex-)Tj
-0.444 -1.225 TD
[(dividend NA)37(V)100(.)0( These returns are for comparison of performance against specied index. As the investor may be liable to )]TJ
T*
(other fees, charges and taxes, they are not meant to provide a measure of actual return to investors. The performance )Tj
T*
(data do not take account of the commissions and costs incurred on the issue and redemption of shares.)Tj
ET
0.746 0.676 0.668 0.898 k
0.2 i
108.925 31.419 m
105.949 38.753 l
104.863 38.753 l
104.863 30.486 l
105.831 30.486 l
105.831 36.852 l
105.913 36.544 106.185 35.812 106.244 35.67 c
108.405 30.486 l
109.433 30.486 l
111.594 35.682 l
111.653 35.812 111.925 36.544 112.019 36.852 c
112.019 30.486 l
112.976 30.486 l
112.976 38.753 l
111.889 38.753 l
h
117.452 44.417 m
117.452 45.42 116.719 45.917 115.503 46.152 c
114.523 46.341 113.944 46.637 113.944 47.192 c
113.944 47.711 114.476 47.983 115.113 47.983 c
115.799 47.983 116.377 47.629 116.66 46.885 c
117.393 47.31 l
116.991 48.208 116.306 48.739 115.102 48.739 c
114.003 48.739 113.07 48.148 113.07 47.168 c
113.07 46.152 113.944 45.633 115.066 45.432 c
116.07 45.243 116.53 44.96 116.53 44.369 c
116.53 43.767 116.023 43.365 115.255 43.365 c
114.381 43.365 113.802 43.909 113.531 44.747 c
112.739 44.251 l
113.106 43.342 113.932 42.55 115.255 42.55 c
116.684 42.55 117.452 43.448 117.452 44.417 c
108.252 49.258 m
108.335 49.448 108.429 49.719 108.476 49.884 c
108.524 49.719 108.618 49.448 108.7 49.258 c
109.965 45.999 l
106.988 45.999 l
h
106.657 45.148 m
110.295 45.148 l
111.24 42.716 l
112.291 42.716 l
108.984 50.983 l
107.968 50.983 l
104.662 42.716 l
105.713 42.716 l
h
93.693 30.57 0.476 23.298 re
135.758 31.407 m
134.612 31.407 133.844 32.222 133.844 33.544 c
133.844 34.867 134.612 35.682 135.758 35.682 c
136.903 35.682 137.682 34.867 137.682 33.544 c
137.682 32.222 136.903 31.407 135.758 31.407 c
137.612 35.505 m
137.246 36.096 136.572 36.509 135.639 36.509 c
134.175 36.509 132.899 35.422 132.899 33.544 c
132.899 31.714 134.104 30.581 135.639 30.581 c
136.572 30.581 137.21 31.005 137.612 31.655 c
137.612 30.805 l
137.612 29.387 136.974 28.703 135.781 28.703 c
134.777 28.703 134.163 29.045 134.163 29.6 c
134.163 29.765 134.198 29.895 134.246 30.025 c
133.36 30.285 l
133.265 30.108 133.206 29.895 133.206 29.648 c
133.206 28.655 134.116 27.911 135.781 27.911 c
137.564 27.911 138.568 29.009 138.568 30.876 c
138.568 36.344 l
137.612 36.344 l
h
82.882 48.767 m
82.882 50.366 82.117 51.204 80.742 51.204 c
79.901 51.204 79.061 50.823 78.831 50.062 c
78.755 50.975 l
78.526 50.975 l
76.31 50.747 l
76.31 50.518 l
76.615 50.138 l
76.615 43.513 l
76.31 43.057 l
76.31 42.828 l
79.137 42.828 l
79.137 43.057 l
78.831 43.513 l
78.831 48.919 l
78.831 49.757 79.29 50.366 79.901 50.366 c
80.36 50.366 80.666 49.985 80.666 49.376 c
80.666 43.513 l
80.283 43.057 l
80.283 42.828 l
83.187 42.828 l
83.187 43.057 l
82.882 43.513 l
h
126.581 47.971 m
127.538 47.971 128.388 47.381 128.447 46.259 c
124.573 46.259 l
124.762 47.227 125.565 47.971 126.581 47.971 c
129.238 44.263 m
128.529 44.676 l
128.164 43.909 127.585 43.365 126.581 43.365 c
125.4 43.365 124.633 44.298 124.573 45.491 c
129.404 45.491 l
129.404 45.81 l
129.404 47.523 128.317 48.739 126.593 48.739 c
124.951 48.739 123.64 47.463 123.64 45.645 c
123.64 43.826 124.94 42.55 126.546 42.55 c
127.857 42.55 128.695 43.165 129.238 44.263 c
130.774 33.356 m
130.774 32.222 130.089 31.147 128.908 31.147 c
128.199 31.147 127.738 31.549 127.738 32.151 c
127.738 32.753 128.187 33.167 128.978 33.296 c
130.774 33.592 l
h
131.718 34.572 m
131.718 35.8 130.892 36.509 129.392 36.509 c
128.034 36.509 127.112 35.73 127.112 34.82 c
127.112 34.667 127.148 34.489 127.207 34.359 c
128.022 34.631 l
127.998 34.726 127.998 34.75 127.998 34.796 c
127.998 35.293 128.471 35.753 129.392 35.753 c
130.266 35.753 130.774 35.363 130.774 34.596 c
130.774 34.324 l
128.79 34.005 l
127.727 33.84 126.794 33.261 126.794 32.116 c
126.794 31.065 127.561 30.32 128.754 30.32 c
129.616 30.32 130.467 30.852 130.785 31.643 c
130.785 31.041 130.974 30.663 131.128 30.486 c
132.085 30.486 l
131.801 30.935 131.718 31.277 131.718 31.95 c
h
133.183 43.46 m
133.065 43.424 132.887 43.389 132.722 43.389 c
132.191 43.389 131.919 43.672 131.919 44.287 c
131.919 47.83 l
133.313 47.83 l
133.313 48.574 l
131.919 48.574 l
131.919 50.156 l
130.963 50.156 l
130.963 48.574 l
129.97 48.574 l
129.97 47.83 l
130.963 47.83 l
130.963 44.216 l
130.963 43.011 131.671 42.55 132.51 42.55 c
132.817 42.55 133.065 42.598 133.265 42.669 c
h
156.696 34.029 m
156.885 34.997 157.688 35.741 158.704 35.741 c
159.661 35.741 160.511 35.151 160.57 34.029 c
h
158.716 36.509 m
157.074 36.509 155.763 35.233 155.763 33.415 c
155.763 31.596 157.063 30.32 158.669 30.32 c
159.98 30.32 160.818 30.935 161.361 32.033 c
160.653 32.446 l
160.287 31.679 159.708 31.135 158.704 31.135 c
157.523 31.135 156.756 32.068 156.696 33.261 c
161.527 33.261 l
161.527 33.58 l
161.527 35.293 160.44 36.509 158.716 36.509 c
152.846 36.509 m
152.067 36.509 151.359 36.06 150.992 35.387 c
150.744 36.107 150.13 36.509 149.374 36.509 c
148.618 36.509 147.957 36.06 147.614 35.434 c
147.614 36.344 l
146.67 36.344 l
146.67 30.486 l
147.614 30.486 l
147.614 33.674 l
147.614 34.962 148.3 35.682 149.067 35.682 c
149.8 35.682 150.166 35.186 150.166 34.454 c
150.166 30.486 l
151.122 30.486 l
151.122 33.627 l
151.122 35.033 151.819 35.682 152.563 35.682 c
153.295 35.682 153.697 35.281 153.697 34.489 c
153.697 30.486 l
154.653 30.486 l
154.653 34.761 l
154.653 35.848 153.933 36.509 152.846 36.509 c
118.137 33.356 m
118.137 32.222 117.452 31.147 116.271 31.147 c
115.562 31.147 115.102 31.549 115.102 32.151 c
115.102 32.753 115.55 33.167 116.342 33.296 c
118.137 33.592 l
h
119.082 34.572 m
119.082 35.8 118.255 36.509 116.755 36.509 c
115.397 36.509 114.476 35.73 114.476 34.82 c
114.476 34.667 114.511 34.489 114.57 34.359 c
115.385 34.631 l
115.362 34.726 115.362 34.75 115.362 34.796 c
115.362 35.293 115.834 35.753 116.755 35.753 c
117.629 35.753 118.137 35.363 118.137 34.596 c
118.137 34.324 l
116.153 34.005 l
115.09 33.84 114.157 33.261 114.157 32.116 c
114.157 31.065 114.925 30.32 116.117 30.32 c
116.979 30.32 117.83 30.852 118.149 31.643 c
118.149 31.041 118.338 30.663 118.491 30.486 c
119.448 30.486 l
119.164 30.935 119.082 31.277 119.082 31.95 c
h
123.558 36.509 m
122.719 36.509 121.964 36.037 121.527 35.304 c
121.527 36.344 l
120.582 36.344 l
120.582 30.486 l
121.527 30.486 l
121.527 33.687 l
121.527 34.82 122.342 35.647 123.239 35.647 c
124.089 35.647 124.668 35.139 124.668 34.218 c
124.668 30.486 l
125.612 30.486 l
125.612 34.466 l
125.612 35.859 124.692 36.509 123.558 36.509 c
140.611 34.029 m
140.8 34.997 141.603 35.741 142.619 35.741 c
143.576 35.741 144.426 35.151 144.485 34.029 c
h
142.631 36.509 m
140.989 36.509 139.678 35.233 139.678 33.415 c
139.678 31.596 140.977 30.32 142.584 30.32 c
143.895 30.32 144.733 30.935 145.276 32.033 c
144.568 32.446 l
144.201 31.679 143.623 31.135 142.619 31.135 c
141.438 31.135 140.67 32.068 140.611 33.261 c
145.442 33.261 l
145.442 33.58 l
145.442 35.293 144.355 36.509 142.631 36.509 c
72.641 44.96 m
72.641 44.199 72.336 43.589 71.801 43.589 c
71.19 43.589 70.96 44.123 70.96 45.112 c
70.96 46.331 71.419 47.092 72.336 47.473 c
72.641 47.625 l
h
74.858 48.767 m
74.858 50.29 73.864 51.204 72.03 51.204 c
71.19 51.204 70.273 50.975 69.279 50.67 c
69.279 48.082 l
70.043 48.082 l
70.502 49.376 l
70.884 50.29 71.266 50.594 71.801 50.594 c
72.412 50.594 72.641 50.213 72.641 49.3 c
72.641 48.158 l
71.648 47.777 l
69.432 46.864 68.668 46.026 68.668 44.732 c
68.668 43.361 69.508 42.676 70.731 42.676 c
71.648 42.676 72.412 43.133 72.641 43.818 c
72.795 42.828 l
75.24 42.828 l
75.24 43.057 l
74.858 43.513 l
h
32.369 47.929 m
33.515 47.168 l
33.515 43.361 l
33.21 43.285 32.904 43.285 32.751 43.285 c
30.993 43.285 30.611 44.808 30.611 48.158 c
30.611 51.356 31.299 53.183 32.751 53.183 c
33.515 53.183 33.974 52.726 34.432 51.508 c
34.891 50.213 l
35.655 50.213 l
35.655 53.564 l
34.585 53.792 33.668 53.868 33.21 53.868 c
29.694 53.868 27.86 51.813 27.86 48.082 c
27.86 44.732 29.236 42.676 32.674 42.676 c
33.439 42.676 34.661 42.752 35.731 42.904 c
35.731 48.31 l
32.369 48.31 l
h
40.546 32.702 m
40.546 31.864 40.24 31.331 39.629 31.331 c
39.094 31.331 38.864 31.864 38.864 32.854 c
38.864 33.996 39.247 34.757 40.24 35.214 c
40.546 35.367 l
h
42.762 36.509 m
42.762 38.031 41.768 38.869 39.934 38.869 c
39.094 38.869 38.1 38.717 37.183 38.412 c
37.183 35.823 l
37.947 35.823 l
38.406 37.118 l
38.788 38.031 39.17 38.336 39.705 38.336 c
40.24 38.336 40.546 37.955 40.546 37.042 c
40.546 35.899 l
39.552 35.519 l
37.336 34.605 36.572 33.768 36.572 32.473 c
36.572 31.103 37.413 30.341 38.635 30.341 c
39.552 30.341 40.317 30.798 40.546 31.56 c
40.622 30.57 l
43.068 30.57 l
43.068 30.798 l
42.762 31.255 l
h
33.591 36.965 m
31.987 37.879 l
31.146 38.336 30.688 38.945 30.688 39.63 c
30.688 40.392 31.299 40.925 32.216 40.925 c
33.133 40.925 33.515 40.468 33.974 39.173 c
34.432 37.955 l
35.196 37.955 l
35.196 41.381 l
34.127 41.534 33.439 41.534 32.827 41.534 c
30.305 41.534 28.777 40.392 28.777 38.565 c
28.777 37.346 29.465 36.28 30.688 35.671 c
32.293 34.757 l
33.21 34.3 33.591 33.615 33.591 32.778 c
33.591 31.712 32.904 31.027 31.987 31.027 c
31.07 31.027 30.535 31.712 29.847 33.844 c
29.542 34.757 l
28.777 34.757 l
28.777 30.646 l
29.694 30.494 30.764 30.341 31.529 30.341 c
34.127 30.341 35.578 31.56 35.578 33.768 c
35.578 35.138 34.967 36.204 33.591 36.965 c
171.86 35.6 m
171.86 36.344 l
170.466 36.344 l
170.466 37.926 l
169.51 37.926 l
169.51 36.344 l
168.518 36.344 l
168.518 35.6 l
169.51 35.6 l
169.51 31.986 l
169.51 30.781 170.218 30.32 171.057 30.32 c
171.364 30.32 171.612 30.368 171.813 30.439 c
171.73 31.23 l
171.612 31.194 171.435 31.159 171.27 31.159 c
170.738 31.159 170.466 31.442 170.466 32.057 c
170.466 35.6 l
h
120.7 43.365 m
119.826 43.365 119.247 43.909 118.975 44.747 c
118.184 44.251 l
118.55 43.342 119.377 42.55 120.7 42.55 c
122.129 42.55 122.896 43.448 122.896 44.417 c
122.896 45.42 122.164 45.917 120.947 46.152 c
119.967 46.341 119.389 46.637 119.389 47.192 c
119.389 47.711 119.92 47.983 120.558 47.983 c
121.243 47.983 121.821 47.629 122.105 46.885 c
122.837 47.31 l
122.436 48.208 121.751 48.739 120.546 48.739 c
119.448 48.739 118.515 48.148 118.515 47.168 c
118.515 46.152 119.389 45.633 120.51 45.432 c
121.514 45.243 121.975 44.96 121.975 44.369 c
121.975 43.767 121.467 43.365 120.7 43.365 c
47.729 43.057 m
47.424 43.513 l
47.424 53.336 l
44.825 53.107 l
44.825 52.878 l
45.131 52.422 l
45.131 43.513 l
44.825 43.057 l
44.825 42.828 l
47.729 42.828 l
h
62.936 35.367 m
61.485 36.128 l
60.72 36.585 60.415 36.889 60.415 37.422 c
60.415 37.955 60.797 38.336 61.485 38.336 c
62.172 38.336 62.478 38.031 62.86 37.194 c
63.166 36.356 l
63.853 36.356 l
63.853 38.641 l
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61.561 33.615 l
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58.733 33.539 l
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52.238 50.594 m
53.078 50.594 53.308 49.376 53.308 47.016 c
53.308 44.503 53.078 43.285 52.238 43.285 c
51.473 43.285 51.168 44.123 51.168 46.94 c
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53.384 44.046 m
53.537 42.828 l
55.829 42.828 l
55.829 43.057 l
55.524 43.513 l
55.524 53.336 l
52.925 53.107 l
52.925 52.878 l
53.308 52.422 l
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40.469 43.209 m
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41.157 50.67 41.463 49.909 41.463 46.94 c
41.463 43.97 41.157 43.209 40.469 43.209 c
40.469 51.204 m
38.559 51.204 37.107 49.681 37.107 46.94 c
37.107 44.199 38.559 42.676 40.469 42.676 c
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50.71 40.849 l
50.71 40.62 l
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50.71 30.798 l
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53.613 30.57 l
53.613 30.798 l
53.308 31.255 l
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67.445 48.767 m
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64.465 51.204 63.7 50.67 63.395 49.909 c
63.089 50.747 62.478 51.204 61.485 51.204 c
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59.268 50.975 l
57.052 50.747 l
57.052 50.518 l
57.358 50.138 l
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57.052 43.057 l
57.052 42.828 l
59.88 42.828 l
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67.751 43.057 l
67.445 43.513 l
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47.729 31.179 m
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163.699 36.344 l
162.755 36.344 l
162.755 30.486 l
163.699 30.486 l
163.699 33.687 l
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( )Tj
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(rivatives may result in losses )Tj
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(political and economic )Tj
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(structures, protection and stability as well as uncertain tax positions.)Tj
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(E)Tj
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(i)Tj
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(k)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
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(e of such assets. If )Tj
-57.1765 -1.225 TD
(applicable, investment techniques used to attempt to reduce the risk of currency movements \(hedging\), may not be effective. Hed)Tj
48.426 0 TD
(ging also involves additional risks associated )Tj
-48.426 -1.225 TD
(with derivatives.)Tj
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0 Tc
()Tj
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q
0.2 i
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(I)Tj
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0 0 0 1 k
(nterest rate r)Tj
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(i)Tj
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(s)Tj
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(k)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
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( their money elsewhere. Bond prices )Tj
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(are therefore subject to movements in interest rates which may move for a number of reasons, political as well as economic.)Tj
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0.53 0.32 0.11 0 k
0 Tc
()Tj
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0 0 0 1 k
(L)Tj
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0 0 0 1 k
(everage r)Tj
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(i)Tj
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(s)Tj
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0.2 i
27.5 538.289 540 29.9 re
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(k)Tj
ET
Q
BT
/F1 1 Tf
8 0 0 8 84.233 562.1892 Tm
-0.025 Tc
( the Portfolio may operate with a signicant amount of leverage. Leverage occurs when the economic exposure created by the use )Tj
49.2579 0 TD
(of derivatives is greater than )Tj
-55.0996 -1.225 TD
(the amount invested. A leveraged Portfolio may result in large uctuations in the value of the Portfolio and therefore entails )Tj
46.093 0 TD
(a high degree of risk including the risk that losses )Tj
-46.093 -1.225 TD
(may be substantial.)Tj
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0.53 0.32 0.11 0 k
0 Tc
()Tj
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0 0 0 1 k
(Li)Tj
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0 0 0 1 k
(qu)Tj
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(idi)Tj
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(ty r)Tj
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(i)Tj
ET
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8.5 0 0 8.5 74.3305 531.4892 Tm
(s)Tj
ET
q
0.2 i
27.5 517.389 540 20.1 re
W n
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8.5 0 0 8.5 78.1045 531.4892 Tm
(k)Tj
ET
Q
BT
/F1 1 Tf
8 0 0 8 82.3545 531.4892 Tm
-0.025 Tc
( the Portfolio may not always nd another party willing to purchase an asset that the Portfolio wants to sell which could impac)Tj
47.0919 0 TD
(t the Portfolio's ability to meet )Tj
-52.6987 -1.225 TD
(redemption requests on demand.)Tj
/F6 1 Tf
6 0 0 6 27.5 510.5892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 506.289 540 10.3 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 510.5892 Tm
0 0 0 1 k
(M)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 44.5805 510.5892 Tm
0 0 0 1 k
(ar)Tj
ET
q
0.2 i
27.5 506.289 540 10.3 re
W n
BT
8.5 0 0 8.5 51.661 510.5892 Tm
(k)Tj
ET
Q
BT
8.5 0 0 8.5 55.911 510.5892 Tm
(et r)Tj
ET
q
0.2 i
27.5 506.289 540 10.3 re
W n
BT
8.5 0 0 8.5 67.2415 510.5892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 69.6045 510.5892 Tm
(s)Tj
ET
q
0.2 i
27.5 506.289 540 10.3 re
W n
BT
8.5 0 0 8.5 73.3785 510.5892 Tm
(k)Tj
ET
Q
BT
/F1 1 Tf
8 0 0 8 77.6285 510.5892 Tm
-0.025 Tc
( the value of assets in the Portfolio is typically dictated by a number of factors, including the condence levels of the marke)Tj
45.8689 0 TD
(t in which they are traded.)Tj
/F6 1 Tf
6 0 0 6 27.5 499.4893 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 495.189 540 10.3 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 499.4893 Tm
0 0 0 1 k
(O)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 42.6935 499.4893 Tm
0 0 0 1 k
(perat)Tj
ET
q
0.2 i
27.5 495.189 540 10.3 re
W n
BT
8.5 0 0 8.5 60.637 499.4893 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 63 499.4893 Tm
(ona)Tj
ET
q
0.2 i
27.5 495.189 540 10.3 re
W n
BT
8.5 0 0 8.5 75.75 499.4893 Tm
(l)Tj
ET
Q
BT
8.5 0 0 8.5 78.113 499.4893 Tm
( r)Tj
ET
q
0.2 i
27.5 495.189 540 10.3 re
W n
BT
8.5 0 0 8.5 82.8305 499.4893 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 85.1935 499.4893 Tm
(s)Tj
ET
q
0.2 i
27.5 495.189 540 10.3 re
W n
BT
8.5 0 0 8.5 88.9675 499.4893 Tm
(k)Tj
ET
Q
BT
/F1 1 Tf
8 0 0 8 93.2175 499.4893 Tm
-0.025 Tc
( material losses to the Portfolio may arise as a result of human error, system and/or process failures, inadequate procedures o)Tj
47.1429 0 TD
(r controls.)Tj
/F6 1 Tf
6 0 0 6 27.5 488.3893 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 488.3893 Tm
0 0 0 1 k
(M)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 44.5805 488.3893 Tm
0 0 0 1 k
(ortgage-)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 73.8545 488.3893 Tm
(b)Tj
ET
Q
BT
8.5 0 0 8.5 78.1045 488.3893 Tm
(ac)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 86.6045 488.3893 Tm
(k)Tj
ET
Q
BT
8.5 0 0 8.5 90.8545 488.3893 Tm
(e)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 95.1045 488.3893 Tm
(d)Tj
ET
Q
BT
8.5 0 0 8.5 99.3545 488.3893 Tm
( secur)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 120.5959 488.3893 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 122.959 488.3893 Tm
(t)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 125.322 488.3893 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 127.685 488.3893 Tm
(es )Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 137.596 488.3893 Tm
(\(MBS\))Tj
ET
Q
BT
8.5 0 0 8.5 166.87 488.3893 Tm
( an)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 177.257 488.3893 Tm
(d)Tj
ET
Q
BT
8.5 0 0 8.5 181.5069 488.3893 Tm
( asset-)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 204.6355 488.3893 Tm
(b)Tj
ET
Q
BT
8.5 0 0 8.5 208.8854 488.3893 Tm
(ac)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 217.3854 488.3893 Tm
(k)Tj
ET
Q
BT
8.5 0 0 8.5 221.6354 488.3893 Tm
(e)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 225.8854 488.3893 Tm
(d)Tj
ET
Q
BT
8.5 0 0 8.5 230.1354 488.3893 Tm
( secur)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 251.3769 488.3893 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 253.7399 488.3893 Tm
(t)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 256.1029 488.3893 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 258.4659 488.3893 Tm
(es )Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 268.3769 488.3893 Tm
(\(ABS\))Tj
ET
Q
BT
8.5 0 0 8.5 295.7639 488.3893 Tm
( r)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 300.4814 488.3893 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 302.8444 488.3893 Tm
(s)Tj
ET
q
0.2 i
27.5 474.289 540 20.1 re
W n
BT
8.5 0 0 8.5 306.6184 488.3893 Tm
(k)Tj
ET
Q
BT
/F1 1 Tf
8 0 0 8 310.8685 488.3893 Tm
-0.025 Tc
( the mortgages backing MBS and assets backing ABS may be repaid earlier than )Tj
-34.1711 -1.225 TD
(required, resulting in a lower return.)Tj
/F6 1 Tf
6 0 0 6 27.5 467.4892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
/F1 1 Tf
8 0 0 8 37.5 467.4892 Tm
0 0 0 1 k
-0.025 Tc
(Complete information on the risks of investing in the fund are set out in the funds prospectus.)Tj
/F5 1 Tf
8.5 0 0 8.5 27.5 428.5892 Tm
0.53 0.32 0.11 0 k
0 Tc
(Glossary)Tj
ET
q
0.6 i
27.5 406.089 540 15 re
W n
1 0.84 0.31 0.17 K
0 J 0 j 2 w 10 M []0 d
27.5 421.089 m
567.5 421.089 l
S
Q
BT
/F6 1 Tf
6 0 0 6 27.5 400.0892 Tm
()Tj
ET
q
0.2 i
27.5 385.989 540 20.1 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 400.0892 Tm
0 0 0 1 k
(B)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 42.6935 400.0892 Tm
0 0 0 1 k
(eta)Tj
/F1 1 Tf
8 0 0 8 53.5565 400.0892 Tm
-0.025 Tc
( Measures the sensitivity of the funds returns to the comparative benchmark index return )Tj
ET
q
0.2 i
27.5 385.989 540 20.1 re
W n
BT
8 0 0 8 328.8524 400.0892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 330.8765 400.0892 Tm
(annualised)Tj
ET
q
0.2 i
27.5 385.989 540 20.1 re
W n
BT
8 0 0 8 363.9803 400.0892 Tm
0 Tc
(\))Tj
ET
Q
BT
8 0 0 8 366.0043 400.0892 Tm
(. The nearer to 1.00, the closer the historical uctuations in the )Tj
-41.063 -1.225 TD
(value of the fund are to the benchmark. If above 1.00, then fund uctuations have been greater than the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 379.1892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 379.1892 Tm
0 0 0 1 k
(D)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 42.6935 379.1892 Tm
0 0 0 1 k
(urat)Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
8.5 0 0 8.5 56.387 379.1892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 58.75 379.1892 Tm
(on o)Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
8.5 0 0 8.5 73.387 379.1892 Tm
(f)Tj
ET
Q
BT
8.5 0 0 8.5 75.75 379.1892 Tm
( t)Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
8.5 0 0 8.5 80 379.1892 Tm
(h)Tj
ET
Q
BT
8.5 0 0 8.5 84.25 379.1892 Tm
(e )Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
8.5 0 0 8.5 90.387 379.1892 Tm
(P)Tj
ET
Q
BT
8.5 0 0 8.5 95.113 379.1892 Tm
(ort)Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
8.5 0 0 8.5 104.5565 379.1892 Tm
(f)Tj
ET
Q
BT
8.5 0 0 8.5 106.9195 379.1892 Tm
(o)Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
8.5 0 0 8.5 111.1695 379.1892 Tm
(li)Tj
ET
Q
BT
8.5 0 0 8.5 115.8955 379.1892 Tm
(o)Tj
/F1 1 Tf
8 0 0 8 120.1455 379.1892 Tm
-0.025 Tc
( Measure of the sensitivity of the price of a bond or portfolio to a change in interest rates paid. The larger the number )Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
8 0 0 8 475.6969 379.1892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 477.7209 379.1892 Tm
(positive or negative)Tj
ET
q
0.2 i
27.5 355.289 540 29.9 re
W n
BT
8 0 0 8 536.3687 379.1892 Tm
0 Tc
(\))Tj
ET
Q
BT
8 0 0 8 538.3926 379.1892 Tm
(, the )Tj
-62.6116 -1.225 TD
(greater the change in price for given changes in interest rates. When duration is positive a rise in interest rates results in )Tj
45.255 0 TD
(a fall in price while for a negative duration a rise in )Tj
-45.255 -1.225 TD
(interest rates results in a rise in price.)Tj
/F6 1 Tf
6 0 0 6 27.5 348.4892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 344.189 540 10.3 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 348.4892 Tm
0 0 0 1 k
(E)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 41.75 348.4892 Tm
0 0 0 1 k
(xcess returns)Tj
/F1 1 Tf
8 0 0 8 88.483 348.4892 Tm
-0.025 Tc
( The return of the fund in excess of the benchmark/index return )Tj
ET
q
0.2 i
27.5 344.189 540 10.3 re
W n
BT
8 0 0 8 284.5712 348.4892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 286.5952 348.4892 Tm
(annualised)Tj
ET
q
0.2 i
27.5 344.189 540 10.3 re
W n
BT
8 0 0 8 319.699 348.4892 Tm
0 Tc
(\))Tj
ET
Q
BT
8 0 0 8 321.723 348.4892 Tm
0 Tc
(.)Tj
/F6 1 Tf
6 0 0 6 27.5 337.3892 Tm
0.53 0.32 0.11 0 k
()Tj
ET
q
0.2 i
27.5 323.289 540 20.1 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 337.3892 Tm
0 0 0 1 k
(Hi)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 45.0565 337.3892 Tm
0 0 0 1 k
(stor)Tj
ET
q
0.2 i
27.5 323.289 540 20.1 re
W n
BT
8.5 0 0 8.5 58.274 337.3892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 60.637 337.3892 Tm
(ca)Tj
ET
q
0.2 i
27.5 323.289 540 20.1 re
W n
BT
8.5 0 0 8.5 69.137 337.3892 Tm
(l)Tj
ET
Q
BT
8.5 0 0 8.5 71.5 337.3892 Tm
( trac)Tj
ET
q
0.2 i
27.5 323.289 540 20.1 re
W n
BT
8.5 0 0 8.5 87.0805 337.3892 Tm
(ki)Tj
ET
Q
BT
8.5 0 0 8.5 93.6935 337.3892 Tm
(ng error)Tj
/F1 1 Tf
8 0 0 8 121.072 337.3892 Tm
-0.025 Tc
( - Measure of the actual deviation of the funds returns from the comparative benchmark index returns )Tj
ET
q
0.2 i
27.5 323.289 540 20.1 re
W n
BT
8 0 0 8 428.5916 337.3892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 430.6156 337.3892 Tm
(annualised)Tj
ET
q
0.2 i
27.5 323.289 540 20.1 re
W n
BT
8 0 0 8 463.7194 337.3892 Tm
0 Tc
(\))Tj
ET
Q
BT
8 0 0 8 465.7435 337.3892 Tm
(. A higher number means that the )Tj
-53.5304 -1.225 TD
(fund is taking greater risk against the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 316.4892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 316.4892 Tm
0 0 0 1 k
(Hi)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 45.0565 316.4892 Tm
0 0 0 1 k
(stor)Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 58.274 316.4892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 60.637 316.4892 Tm
(ca)Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 69.137 316.4892 Tm
(l)Tj
ET
Q
BT
8.5 0 0 8.5 71.5 316.4892 Tm
( )Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 73.387 316.4892 Tm
(V)Tj
ET
Q
BT
8.5 0 0 8.5 78.113 316.4892 Tm
(o)Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 82.363 316.4892 Tm
(l)Tj
ET
Q
BT
8.5 0 0 8.5 84.726 316.4892 Tm
(at)Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 91.339 316.4892 Tm
(ili)Tj
ET
Q
BT
8.5 0 0 8.5 98.428 316.4892 Tm
(ty o)Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 110.702 316.4892 Tm
(f)Tj
ET
Q
BT
8.5 0 0 8.5 113.065 316.4892 Tm
( )Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 114.952 316.4892 Tm
(P)Tj
ET
Q
BT
8.5 0 0 8.5 119.678 316.4892 Tm
(ort)Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 129.1215 316.4892 Tm
(f)Tj
ET
Q
BT
8.5 0 0 8.5 131.4845 316.4892 Tm
(o)Tj
ET
q
0.2 i
27.5 302.389 540 20.1 re
W n
BT
8.5 0 0 8.5 135.7345 316.4892 Tm
(li)Tj
ET
Q
BT
8.5 0 0 8.5 140.4605 316.4892 Tm
(o)Tj
/F1 1 Tf
8 0 0 8 144.7105 316.4892 Tm
-0.025 Tc
( Illustrates the dispersion of the funds realized monthly returns around the average monthly return, indicating how volatile)Tj
46.2569 0 TD
( the funds return )Tj
-59.6582 -1.225 TD
(is over time. The higher the number the more volatile the funds returns.)Tj
/F6 1 Tf
6 0 0 6 27.5 295.5892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 261.889 540 39.7 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 295.5892 Tm
0 0 0 1 k
(I)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 39.863 295.5892 Tm
0 0 0 1 k
(nterest )Tj
ET
q
0.2 i
27.5 261.889 540 39.7 re
W n
BT
8.5 0 0 8.5 65.8305 295.5892 Tm
(R)Tj
ET
Q
BT
8.5 0 0 8.5 70.5565 295.5892 Tm
(ate )Tj
ET
q
0.2 i
27.5 261.889 540 39.7 re
W n
BT
8.5 0 0 8.5 83.3065 295.5892 Tm
(D)Tj
ET
Q
BT
8.5 0 0 8.5 88.5 295.5892 Tm
(urat)Tj
ET
q
0.2 i
27.5 261.889 540 39.7 re
W n
BT
8.5 0 0 8.5 102.1935 295.5892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 104.5565 295.5892 Tm
(on)Tj
/F1 1 Tf
8 0 0 8 113.0565 295.5892 Tm
-0.025 Tc
( This is a modied measure of Total Average Duration that has been estimated by GSAM. This modied measure seeks to take acco)Tj
49.9779 0 TD
(unt of the )Tj
-59.4225 -1.225 TD
(different behaviours of different bond markets around the world by re-expressing all duration exposures to a common US market s)Tj
48.7 0 TD
(tandard. The goal is to improve the estimate of )Tj
-48.7 -1.225 TD
(the portfolio's sensitivity to changes in interest rates. This estimate is guided by historical market observations amongst mar)Tj
46.282 0 TD
(kets which are themselves subject to change over )Tj
-46.282 -1.225 TD
(time and may not necessarily be reected by the actual outcome.)Tj
/F6 1 Tf
6 0 0 6 27.5 255.0892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 250.789 540 10.3 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 255.0892 Tm
0 0 0 1 k
(N)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 43.1695 255.0892 Tm
0 0 0 1 k
(et )Tj
ET
q
0.2 i
27.5 250.789 540 10.3 re
W n
BT
8.5 0 0 8.5 51.6695 255.0892 Tm
(A)Tj
ET
Q
BT
8.5 0 0 8.5 56.863 255.0892 Tm
(sset )Tj
ET
q
0.2 i
27.5 250.789 540 10.3 re
W n
BT
8.5 0 0 8.5 72.911 255.0892 Tm
(V)Tj
ET
Q
BT
8.5 0 0 8.5 77.637 255.0892 Tm
(a)Tj
ET
q
0.2 i
27.5 250.789 540 10.3 re
W n
BT
8.5 0 0 8.5 81.887 255.0892 Tm
(l)Tj
ET
Q
BT
8.5 0 0 8.5 84.25 255.0892 Tm
(ue)Tj
/F1 1 Tf
8 0 0 8 92.75 255.0892 Tm
-0.025 Tc
( Represents the net assets of the fund )Tj
ET
q
0.2 i
27.5 250.789 540 10.3 re
W n
BT
8 0 0 8 212.9741 255.0892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 214.9981 255.0892 Tm
(ex-dividend)Tj
ET
q
0.2 i
27.5 250.789 540 10.3 re
W n
BT
8 0 0 8 250.1181 255.0892 Tm
0 Tc
(\))Tj
ET
Q
BT
8 0 0 8 252.1421 255.0892 Tm
( divided by the total number of shares issued by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 243.9892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 229.889 540 20.1 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 243.9892 Tm
0 0 0 1 k
(O)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 42.6935 243.9892 Tm
0 0 0 1 k
(ngo)Tj
ET
q
0.2 i
27.5 229.889 540 20.1 re
W n
BT
8.5 0 0 8.5 55.4435 243.9892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 57.8065 243.9892 Tm
(ng )Tj
ET
q
0.2 i
27.5 229.889 540 20.1 re
W n
BT
8.5 0 0 8.5 68.1935 243.9892 Tm
(Ch)Tj
ET
Q
BT
8.5 0 0 8.5 77.1695 243.9892 Tm
(arges)Tj
/F1 1 Tf
8 0 0 8 96.524 243.9892 Tm
-0.025 Tc
( The ongoing charges gure is based on the funds expenses during the previous 12 months, on a rolling basis. It excludes tra)Tj
47.3649 0 TD
(nsaction costs and )Tj
-54.7429 -1.225 TD
(performance fees incurred by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 223.0892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 208.989 540 20.1 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 223.0892 Tm
0 0 0 1 k
(O)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 42.6935 223.0892 Tm
0 0 0 1 k
(t)Tj
ET
q
0.2 i
27.5 208.989 540 20.1 re
W n
BT
8.5 0 0 8.5 45.0565 223.0892 Tm
(h)Tj
ET
Q
BT
8.5 0 0 8.5 49.3065 223.0892 Tm
(er )Tj
ET
q
0.2 i
27.5 208.989 540 20.1 re
W n
BT
8.5 0 0 8.5 58.274 223.0892 Tm
(E)Tj
ET
Q
BT
8.5 0 0 8.5 62.524 223.0892 Tm
(xpenses)Tj
/F1 1 Tf
8 0 0 8 91.322 223.0892 Tm
-0.025 Tc
( Fees deduced from the Funds assets incurred as part of the Funds operations, including, where applicable, costs incurred b)Tj
47.4769 0 TD
(y the Fund when investing in )Tj
-54.2047 -1.225 TD
(other funds.)Tj
/F6 1 Tf
6 0 0 6 27.5 202.1892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 188.089 540 20.1 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 202.1892 Tm
0 0 0 1 k
(R)Tj
/F2 1 Tf
4 0 0 4 42.226 205.6892 Tm
(2)Tj
ET
Q
BT
/F1 1 Tf
8 0 0 8 43.802 202.1892 Tm
0 0 0 1 k
-0.025 Tc
( Measure that represents the percentage of a portfolio movement linked to movements in the benchmark index return )Tj
ET
q
0.2 i
27.5 188.089 540 20.1 re
W n
BT
8 0 0 8 402.7377 202.1892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 404.7617 202.1892 Tm
(annualised)Tj
ET
q
0.2 i
27.5 188.089 540 20.1 re
W n
BT
8 0 0 8 437.8656 202.1892 Tm
0 Tc
(\))Tj
ET
Q
BT
8 0 0 8 439.8896 202.1892 Tm
(. The nearer to )Tj
ET
q
0.2 i
27.5 188.089 540 20.1 re
W n
BT
8 0 0 8 485.1214 202.1892 Tm
0 Tc
([)Tj
ET
Q
BT
8 0 0 8 487.1454 202.1892 Tm
(1.00)Tj
ET
q
0.2 i
27.5 188.089 540 20.1 re
W n
BT
8 0 0 8 498.7773 202.1892 Tm
0 Tc
(])Tj
ET
Q
BT
8 0 0 8 500.8013 202.1892 Tm
(, the more a fund is )Tj
-57.9127 -1.225 TD
(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 27.5 181.2892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 176.989 540 10.3 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 181.2892 Tm
0 0 0 1 k
(S)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 42.226 181.2892 Tm
0 0 0 1 k
(w)Tj
ET
q
0.2 i
27.5 176.989 540 10.3 re
W n
BT
8.5 0 0 8.5 48.839 181.2892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 51.202 181.2892 Tm
(ng pr)Tj
ET
q
0.2 i
27.5 176.989 540 10.3 re
W n
BT
8.5 0 0 8.5 68.6695 181.2892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 71.0325 181.2892 Tm
(c)Tj
ET
q
0.2 i
27.5 176.989 540 10.3 re
W n
BT
8.5 0 0 8.5 75.2825 181.2892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 77.6455 181.2892 Tm
(ng)Tj
/F1 1 Tf
8 0 0 8 86.1455 181.2892 Tm
-0.025 Tc
( The swing factor represents the factor in place month end and is subject to change on any Dealing Day depending on prevailin)Tj
48.2579 0 TD
(g market conditions.)Tj
/F6 1 Tf
6 0 0 6 27.5 170.1892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 107.089 540 69.1 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 170.1892 Tm
0 0 0 1 k
(Yi)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 44.589 170.1892 Tm
0 0 0 1 k
(e)Tj
ET
q
0.2 i
27.5 107.089 540 69.1 re
W n
BT
8.5 0 0 8.5 48.839 170.1892 Tm
(ld)Tj
ET
Q
BT
8.5 0 0 8.5 55.452 170.1892 Tm
( to )Tj
ET
q
0.2 i
27.5 107.089 540 69.1 re
W n
BT
8.5 0 0 8.5 65.839 170.1892 Tm
(M)Tj
ET
Q
BT
8.5 0 0 8.5 72.9195 170.1892 Tm
(atur)Tj
ET
q
0.2 i
27.5 107.089 540 69.1 re
W n
BT
8.5 0 0 8.5 86.613 170.1892 Tm
(i)Tj
ET
Q
BT
8.5 0 0 8.5 88.976 170.1892 Tm
(ty)Tj
/F1 1 Tf
8 0 0 8 95.113 170.1892 Tm
-0.025 Tc
( The interest rate that makes the present value of a bond's cash ows equal to the bond's price or initial investment. The YT)Tj
46.7019 0 TD
(M on derivatives, Treasury )Tj
-53.9035 -1.225 TD
(futures, and interest rate swaps incorporate the impact of current funding rates \(due to a change in data source, funding rates)Tj
47.149 0 TD
( on Treasury futures were not incorporated on the )Tj
-47.149 -1.225 TD
(YTM calculation from approximately early 2020 through 9-Nov-2022. Since November 9, 2022, funding rates on Treasury futures hav)Tj
48.9729 0 TD
(e been incorporated \). On a portfolio level, the )Tj
-48.9729 -1.225 TD
(YTM is a characteristic of the portfolio based on its holdings as of a particular date and is considered a long-term bond yield)Tj
46.312 0 TD
( expressed as an annualized rate of return, assuming )Tj
-46.312 -1.225 TD
(the portfolio holds the assets until maturity and interest rates remain constant. The YTM does not represent the performance yi)Tj
47.369 0 TD
(eld for a portfolio and may increase or decrease )Tj
-47.369 -1.225 TD
(depending on the present value of a bonds market price as well as the number and size of payments remaining. As of April 14, 2)Tj
47.754 0 TD
(023, the YTM has been capped at 15% in order to )Tj
-47.754 -1.225 TD
(provide a more prudent and conservative representation.)Tj
/F6 1 Tf
6 0 0 6 27.5 100.2892 Tm
0.53 0.32 0.11 0 k
0 Tc
()Tj
ET
q
0.2 i
27.5 27.389 540 78.9 re
W n
BT
/F5 1 Tf
8.5 0 0 8.5 37.5 100.2892 Tm
0 0 0 1 k
(Yi)Tj
ET
Q
BT
/F5 1 Tf
8.5 0 0 8.5 44.589 100.2892 Tm
0 0 0 1 k
(e)Tj
ET
q
0.2 i
27.5 27.389 540 78.9 re
W n
BT
8.5 0 0 8.5 48.839 100.2892 Tm
(ld)Tj
ET
Q
BT
8.5 0 0 8.5 55.452 100.2892 Tm
( to )Tj
ET
q
0.2 i
27.5 27.389 540 78.9 re
W n
BT
8.5 0 0 8.5 65.839 100.2892 Tm
(W)Tj
ET
Q
BT
8.5 0 0 8.5 73.3955 100.2892 Tm
(orst)Tj
/F1 1 Tf
8 0 0 8 86.613 100.2892 Tm
-0.025 Tc
( The interest rate that makes the present value of a bond's cash ows equal to the bond's price or initial investment, calcul)Tj
46.4239 0 TD
(ated by making worst-case )Tj
-52.5631 -1.225 TD
(scenario assumptions \(excluding issuer default\) on the bond by calculating the returns that would be received if provisions, in)Tj
46.923 0 TD
(cluding prepayment, call, put, and sinking fund, are )Tj
-46.923 -1.225 TD
(used by the issuer. The YTW on derivatives, Treasury futures, and interest rate swaps incorporate the impact of current funding)Tj
47.645 0 TD
( rates \(due to a change in data source, funding )Tj
-47.645 -1.225 TD
(rates on Treasury futures were not incorporated on the YTW calculation from approximately early 2020 through 9-Nov-2022. Since )Tj
48.754 0 TD
(November 9, 2022, funding rates on Treasury )Tj
-48.754 -1.225 TD
(futures have been incorporated\). On a portfolio level, the YTW is a characteristic of the portfolio based on its holdings as of)Tj
45.814 0 TD
( a particular date and is considered a long-term bond )Tj
-45.814 -1.225 TD
(yield expressed as an annualized rate of return, assuming the portfolio securities are called with the lowest yield after runni)Tj
46.089 0 TD
(ng to each potential call date. The YTW does not )Tj
-46.089 -1.225 TD
(represent the performance yield for a portfolio and may increase or decrease depending on the present value of a bonds market )Tj
48.368 0 TD
(price as well as the number and size of )Tj
-48.368 -1.225 TD
(payments remaining. As of April 14, 2023, the YTW has been capped at 15% in order to provide a more prudent and conservative re)Tj
48.7529 0 TD
(presentation.)Tj
0.53 0.32 0.11 0 k
-26.0309 -2.1487 TD
0 Tc
(3)Tj
ET
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BT
/F1 1 Tf
19 0 0 19 27.5 799.8893 Tm
0.53 0.32 0.11 0 k
/GS1 gs
-0.0105 Tc
0 Tw
(Additional Notes)Tj
8 0 0 8 27.5 773.8892 Tm
0 0 0 1 k
-0.0375 Tc
(This material is a nancial promotion and has been issued by Goldman Sachs International, authorised by the Prudential Regulati)Tj
46.6155 0 TD
(on Authority and regulated by the Financial Conduct )Tj
-46.6155 -1.25 TD
(Authority and the Prudential Regulation Authority.)Tj
0 -1.3125 TD
(Furthermore, this information should not be construed as nancial research. It was not prepared in compliance with applicable p)Tj
46.5585 0 TD
(rovisions of law designed to promote the independence )Tj
-46.5585 -1.25 TD
(of nancial analysis and is not subject to a prohibition on trading following the distribution of nancial research.)Tj
0 -1.3125 TD
(This information is intended for viewing only by the intended recipient and may not be reproduced or distributed to any person )Tj
45.6695 0 TD
(in whole or in part without the prior written consent of GSI. )Tj
-45.6695 -1.25 TD
(Goldman Sachs International accepts no liability for the misuse or inappropriate distribution of this material.)Tj
/F5 1 Tf
0 -1.3125 TD
-0.0313 Tc
(Offering Documents)Tj
/F1 1 Tf
7.4925 0 TD
-0.0375 Tc
(: This material is provided at your request for informational purposes only and does not constitute a solicitation in any juris)Tj
43.8896 0 TD
(diction in which such a solicitation is )Tj
-51.3821 -1.25 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
45.2265 0 TD
(onstitute an offer to buy shares in the fund. Prior to an )Tj
-45.2265 -1.25 TD
(investment, prospective investors should carefully read the latest Key Investor Information Document \(KIID\) as well as the offe)Tj
45.6715 0 TD
(ring documentation, including but not limited to the funds )Tj
-45.6715 -1.25 TD
(prospectus which contains inter alia a comprehensive disclosure of applicable risks. The relevant articles of association, pros)Tj
45.4995 0 TD
(pectus, supplement, KIID and latest annual/semi-annual )Tj
-45.4995 -1.25 TD
(report are available free of charge from the funds paying and information agent and/or from your nancial adviser.)Tj
/F5 1 Tf
0 -1.3125 TD
-0.0313 Tc
(Distribution of Shares)Tj
/F1 1 Tf
8.1455 0 TD
-0.0375 Tc
(: Shares of the fund may not be registered for public distribution in a number of jurisdictions \(including but not limited to a)Tj
43.5046 0 TD
(ny Latin American, African or Asian )Tj
-51.6501 -1.25 TD
(countries\). Therefore, the shares of the fund must not be marketed or offered in or to residents of any such jurisdictions unle)Tj
44.7255 0 TD
(ss such marketing or offering is made in compliance with )Tj
-44.7255 -1.25 TD
(applicable exemptions for the private placement of collective investment schemes and other applicable jurisdictional rules and )Tj
46.0585 0 TD
(regulations.)Tj
/F5 1 Tf
-46.0585 -1.3125 TD
-0.0313 Tc
0.0001 Tw
(Investment Advice and Potential Loss)Tj
/F1 1 Tf
14.04 0 TD
-0.0375 Tc
0 Tw
(: Financial advisers generally suggest a diversied portfolio of investments. The fund described herein does not represent a di)Tj
45.3336 0 TD
(versied investment )Tj
-59.3736 -1.25 TD
(by itself. This material must not be construed as investment or tax advice. Prospective investors should consult their nancial)Tj
45.1675 0 TD
( and tax adviser before investing in order to determine )Tj
-45.1675 -1.25 TD
(whether an investment would be suitable for them.)Tj
/F5 1 Tf
0 -1.3125 TD
-0.0313 Tc
0.0001 Tw
(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
5.3728 0 TD
-0.0375 Tc
0 Tw
(: Please note that the fund operates a swing pricing policy. Investors should be aware that from time to time this may result i)Tj
44.6696 0 TD
(n the fund performing differently compared to )Tj
ET
q
1 i
27.5 576.389 540 20.5 re
W n
BT
8 0 0 8 27.5 580.3892 Tm
0 Tc
(t)Tj
ET
Q
BT
8 0 0 8 29.424 580.3892 Tm
(he reference benchmark based solely on the effect of swing pricing rather than price developments of underlying instruments.)Tj
-0.2405 -1.3125 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
47.2805 0 TD
(arter.)Tj
-47.2805 -1.3125 TD
(Additional information is provided in our Form ADV Part-2 which is available at http://www.adviserinfo.sec.gov/IAPD/Content/Sea)Tj
46.7275 0 TD
(rch/iapd_Search.aspx.)Tj
/F5 1 Tf
-46.7275 -1.3125 TD
-0.0313 Tc
(Documents providing further detailed information about the fund, including the articles of association, prospectus, supplement )Tj
47.4163 0 TD
(and key investor information document \(KIID\), )Tj
-47.4163 -1.25 TD
0.0001 Tw
(annual/semi-annual report \(as applicable\), and a summary of your investor rights, are available free of charge in English langu)Tj
47.0793 0 TD
0 Tw
(age and, as required, in your local language by )Tj
-47.0793 -1.25 TD
(navigating to your local language landing page via https://www.gsam.com/content/gsam/ain/en/advisors/literature-and-forms/liter)Tj
48.9733 0 TD
(ature.html, and also from the funds paying and )Tj
-48.9733 -1.25 TD
0.0001 Tw
(information agents as listed below. If GSAMFSL, the management company, decides to terminate its arrangement for marketing the )Tj
49.1923 0 TD
0 Tw
(fund in any EEA country where it is registered for )Tj
-49.1923 -1.25 TD
0.0001 Tw
(sale, it will do so in accordance with the relevant UCITS rules.)Tj
0 -1.3125 TD
0 Tw
(Austria)Tj
/F1 1 Tf
2.7253 0 TD
-0.0375 Tc
(: Raiffeisen Bank International AG, Am Stadtpark 9, A-1030 Wien, Austria.)Tj
/F5 1 Tf
-2.7253 -1.3125 TD
-0.0313 Tc
(Belgium)Tj
/F1 1 Tf
3.1702 0 TD
-0.0375 Tc
(: RBC Investor Services, Place Rogier II, 1210 Brussels, Belgium.)Tj
/F5 1 Tf
-3.1702 -1.3125 TD
-0.0313 Tc
(Denmark)Tj
/F1 1 Tf
3.4473 0 TD
-0.0375 Tc
(: Stockrate Asset Management, Mollevej 9 E2, DK-2990 Niva, Denmark.)Tj
/F5 1 Tf
-3.4473 -1.3125 TD
-0.0313 Tc
(France)Tj
/F1 1 Tf
2.5895 0 TD
-0.0375 Tc
(: RBC Investor Services Bank France, 105, rue Raumur, 75002 Paris, France.)Tj
/F5 1 Tf
-2.5895 -1.3125 TD
-0.0313 Tc
(Germany)Tj
/F1 1 Tf
3.3912 0 TD
-0.0375 Tc
(: State Street Bank GmbH, Brienner Strasse 59, 80333 Munich, Germany.)Tj
/F5 1 Tf
-3.3912 -1.3125 TD
-0.0313 Tc
(Greece)Tj
/F1 1 Tf
2.7565 0 TD
-0.0375 Tc
(: Piraeus Bank S.A., 4 Amerikis Street, 10564 Athens, Greece.)Tj
/F5 1 Tf
-2.7565 -1.3125 TD
-0.0313 Tc
(Ireland)Tj
/F1 1 Tf
2.6702 0 TD
-0.0375 Tc
(: RBC Investor Services Ireland Limited, George's Quay House, 43 Townsend Street, Dublin 2, Ireland.)Tj
/F5 1 Tf
-2.6702 -1.3125 TD
-0.0313 Tc
(Italy)Tj
/F1 1 Tf
1.6217 0 TD
-0.0375 Tc
(: Socit Gnrale Securities Services, Maciachini Center MAC 2, Via Benigno Crespi, 19/A, 20159 Milan, Italy; AllFunds Bank )Tj
46.0556 0 TD
(S.A. Filiale di Milano, Via Santa Margherita 7, 20121 )Tj
-47.6773 -1.25 TD
(Milan, Italy; RBC Investor Services Bank Milan- Milan Branch, Cia Vittor Pisani, 26, 20154 Milan, Italy; State Street Bank S.pA)Tj
44.8905 0 TD
(., Via Col Moschin, 16 , 20136 Milan, Italy; BNP Paribas )Tj
-44.8905 -1.25 TD
(Securities Services Succursale di Milano, Via Ansperto 5, 20121 Milan, Italy; Banca Sella, Piazza Gaudenzio Sella 1, 13900 Bie)Tj
45.6665 0 TD
(lla Bl., Italy.)Tj
/F5 1 Tf
-45.6665 -1.3125 TD
-0.0313 Tc
(Luxembourg)Tj
/F1 1 Tf
4.6865 0 TD
-0.0375 Tc
(: State Street Bank International GmbH, Luxembourg Branch, 49, avenue J.F. Kennedy, L-1855 Luxembourg.)Tj
/F5 1 Tf
-4.6865 -1.3125 TD
-0.0313 Tc
(Poland:)Tj
/F1 1 Tf
2.8372 0 TD
-0.0375 Tc
( Bank Pekao S.A, Zwirki i Wigury str. 31, 00-844 Warszawa.)Tj
/F5 1 Tf
-2.8372 -1.3125 TD
-0.0313 Tc
(Slovenia:)Tj
/F1 1 Tf
3.4968 0 TD
-0.0375 Tc
( NOVA KBM d.d registered ofce at Ulica Vita Kraigherja 4, 2000 Maribor, Slovenia.)Tj
/F5 1 Tf
-3.4968 -1.3125 TD
-0.0313 Tc
(Sweden)Tj
/F1 1 Tf
3.1465 0 TD
-0.0375 Tc
(: Skandinaviska Enskilda Banken AB, through its entity Global Transaction Services, SEB Merchant Banking, Sergels Torg 2, ST MH)Tj
47.5566 0 TD
(1, SE-106 40 Stockholm, Sweden.)Tj
/F5 1 Tf
-50.7031 -1.3125 TD
-0.0313 Tc
(Switzerland)Tj
/F1 1 Tf
4.5462 0 TD
-0.0375 Tc
(: Swiss Representative of the fund is First Independent Fund Services Ltd, Klausstrasse 33, 8008 Zurich. Paying Agent of the fu)Tj
45.2796 0 TD
(nd in Switzerland is Goldman Sachs Bank AG, )Tj
-49.8258 -1.25 TD
(Claridenstrasse 25, 8022 Zurich. The Key Investor Information Document \(KIID\) as well as the annual and semi-annual reports of )Tj
46.3355 0 TD
(the fund may be obtained free of charge at the Swiss )Tj
-46.3355 -1.25 TD
(Representative or Goldman Sachs Bank AG in Zurich.)Tj
0 -1.3125 TD
(Please note in addition for:)Tj
/F5 1 Tf
T*
-0.0313 Tc
(Australia)Tj
/F1 1 Tf
3.4408 0 TD
-0.0375 Tc
(: This material is distributed in Australia and New Zealand by Goldman Sachs Asset Management Australia Pty Ltd ABN 41 006 099 )Tj
47.3326 0 TD
(681, AFSL 228948 \(GSAMA\) and is intended )Tj
-50.7733 -1.25 TD
(for viewing only by wholesale clients in Australia for the purposes of section 761G of the Corporations Act 2001 \(Cth\) and to c)Tj
44.8905 0 TD
(lients who either fall within any or all of the categories of )Tj
-44.8905 -1.25 TD
(investors set out in section 3\(2\) or sub-section 5\(2CC\) of the Securities Act 1978 \(NZ\).)Tj
/F5 1 Tf
0 -1.3125 TD
-0.0313 Tc
0.0001 Tw
(Hong Kong)Tj
/F1 1 Tf
4.1077 0 TD
-0.0375 Tc
0 Tw
(: This material has been issued or approved for use in or from Hong Kong by Goldman Sachs Asset Management \(Hong Kong\) Limited.)Tj
/F5 1 Tf
-4.1077 -1.3125 TD
-0.0313 Tc
(Netherlands)Tj
/F1 1 Tf
4.6562 0 TD
-0.0375 Tc
(: The fund is included in the register kept by the Stichting Autoriteit Financile Markten.)Tj
/F5 1 Tf
-4.6562 -1.3125 TD
-0.0313 Tc
(Singapore)Tj
/F1 1 Tf
3.8858 0 TD
-0.0375 Tc
(: This material has been issued or approved for use in or from Singapore by Goldman Sachs Asset Management \(Singapore\) Pte. Ltd)Tj
47.8366 0 TD
(. \(Company Number: 201329851H\).)Tj
/F5 1 Tf
-51.7223 -1.3125 TD
-0.0313 Tc
(Spain)Tj
/F1 1 Tf
2.1778 0 TD
-0.0375 Tc
(: The fund is a foreign UCITS registered with the CNMV registry with number 141 \(SICAV\), 913 \(SICAV II\), 305 \(PLC\). A full desc)Tj
45.2296 0 TD
(ription and KIID for the fund and other mandatory )Tj
-47.4073 -1.25 TD
(documentation is available free of charge from any of the authorised distributors of the fund listed in the Comisin Nacional d)Tj
45.1165 0 TD
(el Mercado de Valores \(CNMV\) webpage at )Tj
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