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0 0.59 1 0.18 K
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300.733 579.258 l
299.447 579.873 l
298.243 578.491 l
296.956 577.384 l
295.668 576.271 l
294.422 575.715 l
293.133 572.664 l
291.887 574.549 l
290.6 573.604 l
289.312 572.329 l
288.067 570.553 l
286.779 570.11 l
285.533 566.222 l
284.248 566.832 l
283.085 568.231 l
281.797 570.752 l
280.51 574.478 l
279.264 572.448 l
277.975 568.943 l
276.729 575.575 l
275.442 576.233 l
274.154 581.11 l
272.908 585.495 l
271.621 586.753 l
270.377 588.945 l
269.089 586.753 l
267.926 586.439 l
266.639 586.769 l
265.352 584.976 l
264.106 583.129 l
262.817 580.797 l
261.571 587.201 l
260.283 589.372 l
258.996 591.656 l
257.75 593.827 l
256.463 593.011 l
255.217 590.079 l
253.931 592.687 l
252.768 596.321 l
251.481 595.511 l
250.193 596.105 l
248.947 600.209 l
247.658 598.535 l
246.412 601.073 l
245.125 598.643 l
243.838 597.833 l
242.592 598.698 l
241.304 600.155 l
240.058 599.885 l
238.773 598.373 l
237.568 594.253 l
236.281 597.493 l
234.993 591.769 l
233.746 587.611 l
232.5 585.289 l
S
q
226.5 507.389 8 25.5 re
W n
3 w
226.5 532.889 m
234.5 532.889 l
S
Q
BT
8 0 0 8 237.5 526.8892 Tm
0 0 0 1 k
-0.025 Tc
(Goldman Sachs Europe CORE )Tj
0 -1.25 TD
(Equity Portfolio Base Shares)Tj
/F2 1 Tf
4 0 0 4 322.996 519.9892 Tm
-0.05 Tc
(\(5\))Tj
ET
q
337.5 507.389 4 25.5 re
W n
1 0.84 0.31 0.17 K
3 w
337.5 532.889 m
341.5 532.889 l
S
Q
q
343.5 507.389 4 25.5 re
W n
1 0.84 0.31 0.17 K
3 w
343.5 532.889 m
347.5 532.889 l
S
Q
BT
/F1 1 Tf
8 0 0 8 350.5 526.8892 Tm
-0.025 Tc
(MSCI Europe Index )Tj
ET
q
0.2 i
350.5 512.389 97 20.5 re
W n
BT
8 0 0 8 410.452 526.8892 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 412.476 526.8892 Tm
(Net total )Tj
-7.747 -1.25 TD
(return, unhedged, EUR\))Tj
/F2 1 Tf
4 0 0 4 420.316 519.9892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
450.5 507.389 8 25.5 re
W n
0 0 0 0.5 K
3 w
450.5 532.889 m
458.5 532.889 l
S
Q
BT
/F1 1 Tf
8 0 0 8 461.5 526.8892 Tm
-0.025 Tc
(Morningstar Europe Large-Cap )Tj
T*
(Blend Equity)Tj
/F2 1 Tf
4 0 0 4 499.092 519.9892 Tm
-0.05 Tc
(\(1\))Tj
8 0 0 8 212.5 501.3892 Tm
0 Tc
(This is an actively managed fund that is not designed to track its reference benchmark. Therefore the performance of the )Tj
T*
(fund and the performance of its reference benchmark may diverge. In addition stated reference benchmark returns do not )Tj
T*
(reect any management or other charges to the fund, whereas stated returns of the fund do.)Tj
/F5 1 Tf
33.316 0 TD
( Past performance does not )Tj
-33.316 -1.25 TD
[(guarantee future results, which may vary)37(. The value of investments and the income derived from investments )]TJ
T*
[(will uctuate and can go down as well as up. A loss of capital may occur)70(.)]TJ
ET
q
212.5 432.389 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 448.889 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 437.8892 Tm
0 0 0 0 k
-0.015 Tc
(Performance Summary \(%\))Tj
/F5 1 Tf
8 0 0 8 398.052 420.8892 Tm
0 0 0 1 k
-0.025 Tc
[(Cumulative)-8764(Annualised)]TJ
/F2 1 Tf
-6.669 -1.625 TD
[(Since Launch)-1334(1 Mth)-1220(3 Mths)-1575(YTD)]TJ
ET
q
465.5 403.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 416.389 m
469.5 391.389 l
S
Q
BT
8 0 0 8 479.748 407.8892 Tm
(1 Y)Tj
ET
q
0.2 i
470.5 403.389 20 11 re
W n
BT
8 0 0 8 488.476 407.8892 Tm
0 Tc
(r)Tj
ET
Q
BT
8 0 0 8 500.836 407.8892 Tm
[(3 Yrs)-1292(5 Yrs)-873(10 Yrs)]TJ
ET
q
212.5 390.389 128 13 re
W n
0.132 0.08 0.028 0 k
212.5 403.389 128 -13 re
f
Q
BT
8 0 0 8 217.5 394.8893 Tm
(Base Shares)Tj
4 0 0 4 251.284 398.3892 Tm
-0.05 Tc
(\(5\))Tj
ET
0.132 0.08 0.028 0 k
340.5 403.389 45 -13 re
f
BT
8 0 0 8 362.164 394.8893 Tm
0 0 0 1 k
-0.025 Tc
(133.59)Tj
ET
q
385.5 390.389 27 13 re
W n
0.132 0.08 0.028 0 k
385.5 403.389 27 -13 re
f
Q
BT
8 0 0 8 395.868 394.8893 Tm
(0.25)Tj
ET
q
412.5 390.389 29 13 re
W n
0.132 0.08 0.028 0 k
412.5 403.389 29 -13 re
f
Q
BT
8 0 0 8 421.516 394.8893 Tm
(15.67)Tj
ET
0.132 0.08 0.028 0 k
441.5 403.389 24 -13 re
f
BT
8 0 0 8 448.868 394.8893 Tm
0 0 0 1 k
(0.25)Tj
ET
q
465.5 390.389 5 13 re
W n
0.132 0.08 0.028 0 k
465.5 403.389 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
469.5 403.389 m
469.5 378.389 l
S
Q
0.132 0.08 0.028 0 k
470.5 403.389 25 -13 re
f
BT
8 0 0 8 475.716 394.8893 Tm
0 0 0 1 k
(\(4.72\))Tj
ET
0.132 0.08 0.028 0 k
495.5 403.389 24 -13 re
f
BT
8 0 0 8 502.868 394.8893 Tm
0 0 0 1 k
(0.11)Tj
ET
0.132 0.08 0.028 0 k
519.5 403.389 24 -13 re
f
BT
8 0 0 8 526.868 394.8893 Tm
0 0 0 1 k
(5.70)Tj
ET
0.132 0.08 0.028 0 k
543.5 403.389 24 -13 re
f
BT
8 0 0 8 550.868 394.8893 Tm
0 0 0 1 k
(6.1)Tj
ET
q
0.2 i
543.5 390.389 19 11 re
W n
BT
8 0 0 8 559.1479 394.8893 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 217.5 381.8892 Tm
(MSCI Europe Index \(Net total return, )Tj
0 -1.3125 TD
(unhedged, EUR\))Tj
4 0 0 4 260.444 374.8892 Tm
-0.05 Tc
(\(4\))Tj
8 0 0 8 362.164 381.8892 Tm
-0.025 Tc
[(115.08)-1527(\(0.75\))-1752(15.77)-1152(\(0.75\))]TJ
ET
q
465.5 366.889 5 23.5 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 390.389 m
469.5 365.389 l
S
Q
BT
8 0 0 8 475.716 381.8892 Tm
[(\(2.81\))-1546(2.11)-1546(5.45)-1546(6.03)]TJ
ET
q
212.5 353.889 128 13 re
W n
0.132 0.08 0.028 0 k
212.5 366.889 128 -13 re
f
Q
BT
8 0 0 8 217.5 358.3892 Tm
(Morningstar Europe Large-Cap Blend Equity)Tj
4 0 0 4 335.452 361.8892 Tm
-0.05 Tc
(\(1\))Tj
ET
q
340.5 353.889 45 13 re
W n
0.132 0.08 0.028 0 k
340.5 366.889 45 -13 re
f
Q
q
385.5 353.889 27 13 re
W n
0.132 0.08 0.028 0 k
385.5 366.889 27 -13 re
f
Q
BT
8 0 0 8 392.716 358.3892 Tm
-0.025 Tc
(\(0.61\))Tj
ET
q
412.5 353.889 29 13 re
W n
0.132 0.08 0.028 0 k
412.5 366.889 29 -13 re
f
Q
BT
8 0 0 8 421.516 358.3892 Tm
(15.21)Tj
ET
q
441.5 353.889 24 13 re
W n
0.132 0.08 0.028 0 k
441.5 366.889 24 -13 re
f
Q
BT
8 0 0 8 445.716 358.3892 Tm
(\(0.61\))Tj
ET
q
465.5 353.889 5 13 re
W n
0.132 0.08 0.028 0 k
465.5 366.889 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
469.5 366.889 m
469.5 341.889 l
S
Q
q
470.5 353.889 25 13 re
W n
0.132 0.08 0.028 0 k
470.5 366.889 25 -13 re
f
Q
BT
8 0 0 8 475.716 358.3892 Tm
(\(0.71\))Tj
ET
q
495.5 353.889 24 13 re
W n
0.132 0.08 0.028 0 k
495.5 366.889 24 -13 re
f
Q
BT
8 0 0 8 502.868 358.3892 Tm
(1.42)Tj
ET
q
519.5 353.889 24 13 re
W n
0.132 0.08 0.028 0 k
519.5 366.889 24 -13 re
f
Q
BT
8 0 0 8 526.868 358.3892 Tm
(4.56)Tj
ET
q
543.5 353.889 24 13 re
W n
0.132 0.08 0.028 0 k
543.5 366.889 24 -13 re
f
Q
BT
8 0 0 8 550.868 358.3892 Tm
(5.1)Tj
ET
q
0.2 i
543.5 353.889 19 11 re
W n
BT
8 0 0 8 559.1479 358.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 217.5 345.3892 Tm
(Quartile Position in Sector)Tj
4 0 0 4 287.62 348.8892 Tm
-0.05 Tc
(\(1\))Tj
8 0 0 8 404.148 345.3892 Tm
3.181 Tc
[(12)625(1)]TJ
ET
q
465.5 340.889 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
469.5 353.889 m
469.5 328.889 l
S
Q
q
0.2 i
470.5 340.889 20 11 re
W n
BT
8 0 0 8 487.148 345.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 511.148 345.3892 Tm
2.556 Tc
(321)Tj
ET
0.53 0.32 0.11 0 k
212.5 334.889 355 -16.5 re
f
BT
/F4 1 Tf
10 0 0 10 216.5 323.8892 Tm
0 0 0 0 k
-0.015 Tc
(Calendar Year Performance \(%\))Tj
/F2 1 Tf
8 0 0 8 449.092 309.8892 Tm
0 0 0 1 k
-0.025 Tc
[(2016)-1449(2017)-1449(2018)-1449(2019)-1449(2020)]TJ
ET
q
212.5 292.389 230 13 re
W n
0.132 0.08 0.028 0 k
212.5 305.389 230 -13 re
f
Q
BT
8 0 0 8 217.5 296.8892 Tm
(Base Shares)Tj
ET
q
442.5 292.389 25 13 re
W n
0.132 0.08 0.028 0 k
442.5 305.389 25 -13 re
f
Q
BT
8 0 0 8 454.22 296.8892 Tm
(6.3)Tj
ET
q
467.5 292.389 25 13 re
W n
0.132 0.08 0.028 0 k
467.5 305.389 25 -13 re
f
Q
BT
8 0 0 8 475.868 296.8892 Tm
(12.8)Tj
ET
q
492.5 292.389 25 13 re
W n
0.132 0.08 0.028 0 k
492.5 305.389 25 -13 re
f
Q
BT
8 0 0 8 498.844 296.8892 Tm
(-13.0)Tj
ET
q
517.5 292.389 25 13 re
W n
0.132 0.08 0.028 0 k
517.5 305.389 25 -13 re
f
Q
BT
8 0 0 8 525.868 296.8892 Tm
(23.8)Tj
ET
q
542.5 292.389 25 13 re
W n
0.132 0.08 0.028 0 k
542.5 305.389 25 -13 re
f
Q
BT
8 0 0 8 552.196 296.8892 Tm
(-5.0)Tj
-41.837 -1.625 TD
[(MSCI Europe Index \(Net total return, unhedged, EUR\))-11765(2.6)-1671(10.2)-1418(-10.6)-1671(26.0)-1837(-3.3)]TJ
/F5 1 Tf
0 -18.0487 TD
(Please see Additional Notes. All performance and holdings data as at 31-Jan-21.)Tj
0 -1.3125 TD
0 Tc
[(Past performance does not guarantee future results, which may vary)37(.)]TJ
/F2 1 Tf
0 -1.25 TD
[(* W)18(e)0( identify two broad categories of funds to help investors think about how to construct their overall investment )]TJ
T*
[(portfolio. W)18(e)0( describe the following as)]TJ
/F5 1 Tf
14.085 0 TD
( Core)Tj
/F2 1 Tf
2.999 0 TD
(: \(A\) Equity funds with a global investment remit or those mainly focused )Tj
-17.084 -1.25 TD
(on US and European markets, given the size and transparency of these markets. \(B\) Fixed income funds with a global )Tj
T*
(investment remit or those mainly focused on US, European and UK markets and invest predominantly in investment )Tj
T*
(grade debt, including government. \(C\) Multi asset funds with a multi asset benchmark. All other funds we describe as)Tj
/F5 1 Tf
42.368 0 TD
( )Tj
-42.368 -1.25 TD
(Complements)Tj
/F2 1 Tf
6.388 0 TD
(. Both Core and Complement funds can vary in risk level and those terms are not meant to indicate the )Tj
-6.388 -1.25 TD
(risk level of the funds. There is no guarantee that these objectives will be met.)Tj
T*
(For regionally focused investment portfolios we understand that the categorisation may be different from the perspective )Tj
T*
(of different investors.)Tj
/F5 1 Tf
7.775 0 TD
( Consult your nancial adviser before investing to help determine if an investment in this )Tj
ET
q
0.2 i
217.5 24.5 350 110.5 re
W n
BT
8 0 0 8 217.5 29 Tm
(f)Tj
ET
Q
BT
8 0 0 8 219.724 29 Tm
(und and the amount of the investment would be suitable)Tj
/F2 1 Tf
22.61 0 TD
(.)Tj
ET
0 0 0 0 k
38.75 67.95 90 -36.2 re
f
0 0 0 1 k
0.2 i
83.354 58.153 m
83.331 58.153 l
82.558 54.657 l
84.171 54.657 l
h
80.092 51.62 m
82.333 59.711 l
84.564 59.711 l
86.758 51.62 l
84.978 51.62 l
84.529 53.414 l
82.221 53.414 l
81.762 51.62 l
f
88.833 53.436 m
88.822 53.177 88.833 52.931 88.911 52.752 c
89 52.574 89.168 52.484 89.482 52.484 c
89.796 52.484 90.064 52.685 90.064 53.065 c
90.064 54.264 87.287 53.995 87.287 55.799 c
87.287 57.021 88.496 57.392 89.516 57.392 c
90.592 57.392 91.566 56.875 91.477 55.654 c
89.93 55.654 l
89.93 56.047 89.887 56.283 89.773 56.383 c
89.673 56.483 89.539 56.505 89.371 56.505 c
89.024 56.505 88.833 56.283 88.833 55.901 c
88.833 55.005 91.611 55.049 91.611 53.233 c
91.611 52.246 90.805 51.51 89.492 51.51 c
88.115 51.51 87.195 51.855 87.287 53.436 c
88.833 53.436 l
f
94.087 53.436 m
94.076 53.177 94.087 52.931 94.166 52.752 c
94.254 52.574 94.425 52.484 94.737 52.484 c
95.051 52.484 95.32 52.685 95.32 53.065 c
95.32 54.264 92.54 53.995 92.54 55.799 c
92.54 57.021 93.75 57.392 94.772 57.392 c
95.846 57.392 96.821 56.875 96.733 55.654 c
95.187 55.654 l
95.187 56.047 95.142 56.283 95.026 56.383 c
94.928 56.483 94.793 56.505 94.626 56.505 c
94.277 56.505 94.087 56.283 94.087 55.901 c
94.087 55.005 96.866 55.049 96.866 53.233 c
96.866 52.246 96.059 51.51 94.748 51.51 c
93.369 51.51 92.452 51.855 92.54 53.436 c
94.087 53.436 l
f
100.777 55.084 m
100.777 55.632 100.798 56.415 100.047 56.415 c
99.32 56.415 99.331 55.564 99.331 55.084 c
h
99.331 54.197 m
99.331 53.524 99.352 52.518 100.047 52.518 c
100.607 52.518 100.719 53.055 100.719 53.524 c
102.322 53.524 l
102.3 52.909 102.099 52.405 101.718 52.058 c
101.347 51.709 100.788 51.51 100.047 51.51 c
98.008 51.51 97.74 52.752 97.74 54.523 c
97.74 56.068 97.964 57.392 100.047 57.392 c
102.175 57.392 102.412 56.013 102.355 54.197 c
99.331 54.197 l
f
103.117 57.278 m
103.757 57.278 l
103.757 58.175 l
105.336 58.881 l
105.336 57.278 l
106.154 57.278 l
106.154 56.304 l
105.336 56.304 l
105.336 53.279 l
105.336 52.851 105.324 52.574 105.84 52.574 c
105.942 52.574 106.042 52.574 106.12 52.595 c
106.12 51.62 l
105.908 51.599 105.684 51.565 105.304 51.565 c
103.935 51.565 103.757 52.47 103.757 52.819 c
103.757 56.304 l
103.117 56.304 l
103.117 57.278 l
f
80.093 40.002 m
80.093 48.092 l
82.817 48.092 l
84.083 42.59 l
84.105 42.59 l
85.449 48.092 l
88.083 48.092 l
88.083 40.002 l
86.436 40.002 l
86.436 46.242 l
86.412 46.242 l
84.856 40.002 l
83.242 40.002 l
81.763 46.242 l
81.74 46.242 l
81.74 40.002 l
f
90.704 41.761 m
90.704 41.357 90.771 40.865 91.285 40.865 c
92.217 40.865 92.071 42.118 92.071 42.735 c
91.285 42.701 90.704 42.77 90.704 41.761 c
93.618 41.054 m
93.618 40.706 93.663 40.349 93.696 40.002 c
92.227 40.002 l
92.159 40.751 l
92.137 40.751 l
91.801 40.169 91.344 39.891 90.659 39.891 c
89.561 39.891 89.157 40.706 89.157 41.693 c
89.157 43.564 90.601 43.642 92.071 43.62 c
92.071 44.057 l
92.071 44.538 92.003 44.887 91.432 44.887 c
90.884 44.887 90.838 44.472 90.838 44.023 c
89.292 44.023 l
89.292 44.707 89.504 45.144 89.874 45.401 c
90.232 45.672 90.749 45.772 91.353 45.772 c
93.359 45.772 93.618 44.91 93.618 43.877 c
93.618 41.054 l
f
96.451 45.088 m
96.474 45.088 l
96.632 45.346 96.821 45.514 97.033 45.614 c
97.26 45.727 97.516 45.772 97.807 45.772 c
98.556 45.772 99.22 45.322 99.22 44.538 c
99.22 40.002 l
97.64 40.002 l
97.64 43.9 l
97.64 44.403 97.549 44.797 97.046 44.797 c
96.541 44.797 96.451 44.403 96.451 43.9 c
96.451 40.002 l
94.871 40.002 l
94.871 45.66 l
96.451 45.66 l
96.451 45.088 l
f
101.795 41.761 m
101.795 41.357 101.862 40.865 102.379 40.865 c
103.309 40.865 103.164 42.118 103.164 42.735 c
102.379 42.701 101.795 42.77 101.795 41.761 c
104.709 41.054 m
104.709 40.706 104.754 40.349 104.789 40.002 c
103.318 40.002 l
103.253 40.751 l
103.231 40.751 l
102.896 40.169 102.436 39.891 101.753 39.891 c
100.652 39.891 100.25 40.706 100.25 41.693 c
100.25 43.564 101.695 43.642 103.164 43.62 c
103.164 44.057 l
103.164 44.538 103.097 44.887 102.525 44.887 c
101.975 44.887 101.931 44.472 101.931 44.023 c
100.386 44.023 l
100.386 44.707 100.598 45.144 100.967 45.401 c
101.326 45.672 101.841 45.772 102.446 45.772 c
104.453 45.772 104.709 44.91 104.709 43.877 c
104.709 41.054 l
f
108.061 41.054 m
108.63 41.054 108.708 41.648 108.708 42.848 c
108.708 44.091 108.653 44.797 108.072 44.797 c
107.476 44.797 107.374 44.382 107.374 42.657 c
107.374 42.129 107.296 41.054 108.061 41.054 c
110.29 45.66 m
110.29 39.765 l
110.29 39.374 110.311 37.826 108.136 37.826 c
106.959 37.826 105.953 38.131 105.919 39.509 c
107.465 39.509 l
107.465 39.274 107.499 39.072 107.599 38.938 c
107.702 38.791 107.881 38.713 108.126 38.713 c
108.519 38.713 108.708 39.082 108.708 39.655 c
108.708 40.741 l
108.687 40.741 l
108.453 40.303 108.003 40.08 107.488 40.08 c
105.751 40.08 105.83 41.67 105.83 42.949 c
105.83 44.192 105.852 45.772 107.499 45.772 c
108.061 45.772 108.54 45.525 108.765 44.997 c
108.787 44.997 l
108.787 45.66 l
110.29 45.66 l
f
114.523 43.464 m
114.523 44.012 114.546 44.797 113.795 44.797 c
113.067 44.797 113.08 43.944 113.08 43.464 c
h
113.08 42.578 m
113.08 41.904 113.101 40.898 113.795 40.898 c
114.356 40.898 114.468 41.435 114.468 41.904 c
116.071 41.904 l
116.048 41.288 115.846 40.785 115.464 40.439 c
115.095 40.091 114.535 39.891 113.795 39.891 c
111.757 39.891 111.488 41.133 111.488 42.903 c
111.488 44.45 111.713 45.772 113.795 45.772 c
115.924 45.772 116.16 44.393 116.105 42.578 c
113.08 42.578 l
f
118.85 45.088 m
118.873 45.088 l
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387.5 440.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 431.8892 Tm
(Sweden)Tj
ET
q
457.5 426.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 440.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 431.8892 Tm
(Financials)Tj
-30 -1.75 TD
[(Anglo American PLC)-11334(1.7)-2000(UK)-7744(Materials)]TJ
/F5 1 Tf
0 -26.0487 TD
(Please see Additional Notes. All performance and holdings data as at 31-Jan-21. Past performance does not )Tj
0 -1.25 TD
(guarantee future results, which may vary. The value of investments and the income derived from investments will )Tj
ET
q
0.2 i
217.5 185 350 30.5 re
W n
BT
8 0 0 8 217.5 189.5 Tm
0 Tc
()Tj
ET
Q
BT
8 0 0 8 221.3 189.5 Tm
(uctuate and can go down as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 182 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 179 Tm
(The Morningstar sector average gures are calculated using all open funds available in the universe at the indicated )Tj
-0.444 -1.25 TD
(time period. The number of funds in a Morningstar sector varies over time as new funds are launched and funds close. )Tj
T*
[(Source: Morningstar 2021 Morningstar)70(, Inc. All Rights Reserved.)]TJ
4 0 0 4 411.252 162 Tm
( \(2\))Tj
8 0 0 8 415.692 159 Tm
(Please note that this estimated transaction costs )Tj
-24.774 -1.25 TD
(gure has not been calculated using the prescribed methodologies required under EU regulations \(i.e. MIFID II and )Tj
T*
(PRIIPS\). Where required by law or regulation, you may receive additional estimates of transaction costs from us which )Tj
T*
(will be calculated using these prescribed methodologies. These additional estimates may differ from the estimated )Tj
T*
(transaction cost gure included here.)Tj
4 0 0 4 326.324 122 Tm
( \(3\))Tj
8 0 0 8 330.764 119 Tm
[(The ongoing charges gure is based on expenses during the previous year)70(. See )]TJ
-14.158 -1.25 TD
(details in the Key Investor Information Document.)Tj
4 0 0 4 362.324 112 Tm
( \(4\))Tj
8 0 0 8 366.764 109 Tm
(The MSCI Europe Index \(net\) is a net total return index. Net total )Tj
-18.658 -1.25 TD
[(return is a reection of return to an investor)70(, by reinvesting dividends after the deduction of withholding tax. The rate of )]TJ
T*
(withholding tax applied to the MSCI Europe Index \(net\) is consistent with the actual rate of withholding tax the Portfolio )Tj
T*
(will incur on dividends received from foreign companies.)Tj
4 0 0 4 382.3 82 Tm
( \(5\))Tj
8 0 0 8 386.74 79 Tm
(Fund returns are shown net of applicable ongoing fees within )Tj
-21.155 -1.25 TD
[(the portfolio, with dividends re-invested using the ex-dividend NA)37(V)100(.)0( These returns are for comparison of performance )]TJ
T*
(against specied index. As the investor may be liable to other fees, charges and taxes, they are not meant to provide a )Tj
T*
(measure of actual return to investors. The performance data do not take account of the commissions and costs incurred )Tj
T*
(on the issue and redemption of shares.)Tj
4 0 0 4 331.652 42 Tm
( \(6\))Tj
8 0 0 8 336.092 39 Tm
(Portfolio holdings may not represent current, future investments or all of the )Tj
-14.824 -1.25 TD
(portfolio's holdings. Future portfolio holdings may not be protable.)Tj
ET
0 0 0 0 k
38.75 67.95 90 -36.2 re
f
0 0 0 1 k
0.2 i
83.354 58.153 m
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82.558 54.657 l
84.171 54.657 l
h
80.092 51.62 m
82.333 59.711 l
84.564 59.711 l
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81.762 51.62 l
f
88.833 53.436 m
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89 52.574 89.168 52.484 89.482 52.484 c
89.796 52.484 90.064 52.685 90.064 53.065 c
90.064 54.264 87.287 53.995 87.287 55.799 c
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90.592 57.392 91.566 56.875 91.477 55.654 c
89.93 55.654 l
89.93 56.047 89.887 56.283 89.773 56.383 c
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89.024 56.505 88.833 56.283 88.833 55.901 c
88.833 55.005 91.611 55.049 91.611 53.233 c
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88.833 53.436 l
f
94.087 53.436 m
94.076 53.177 94.087 52.931 94.166 52.752 c
94.254 52.574 94.425 52.484 94.737 52.484 c
95.051 52.484 95.32 52.685 95.32 53.065 c
95.32 54.264 92.54 53.995 92.54 55.799 c
92.54 57.021 93.75 57.392 94.772 57.392 c
95.846 57.392 96.821 56.875 96.733 55.654 c
95.187 55.654 l
95.187 56.047 95.142 56.283 95.026 56.383 c
94.928 56.483 94.793 56.505 94.626 56.505 c
94.277 56.505 94.087 56.283 94.087 55.901 c
94.087 55.005 96.866 55.049 96.866 53.233 c
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94.087 53.436 l
f
100.777 55.084 m
100.777 55.632 100.798 56.415 100.047 56.415 c
99.32 56.415 99.331 55.564 99.331 55.084 c
h
99.331 54.197 m
99.331 53.524 99.352 52.518 100.047 52.518 c
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102.322 53.524 l
102.3 52.909 102.099 52.405 101.718 52.058 c
101.347 51.709 100.788 51.51 100.047 51.51 c
98.008 51.51 97.74 52.752 97.74 54.523 c
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103.117 57.278 m
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103.757 58.175 l
105.336 58.881 l
105.336 57.278 l
106.154 57.278 l
106.154 56.304 l
105.336 56.304 l
105.336 53.279 l
105.336 52.851 105.324 52.574 105.84 52.574 c
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106.12 51.62 l
105.908 51.599 105.684 51.565 105.304 51.565 c
103.935 51.565 103.757 52.47 103.757 52.819 c
103.757 56.304 l
103.117 56.304 l
103.117 57.278 l
f
80.093 40.002 m
80.093 48.092 l
82.817 48.092 l
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84.105 42.59 l
85.449 48.092 l
88.083 48.092 l
88.083 40.002 l
86.436 40.002 l
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84.856 40.002 l
83.242 40.002 l
81.763 46.242 l
81.74 46.242 l
81.74 40.002 l
f
90.704 41.761 m
90.704 41.357 90.771 40.865 91.285 40.865 c
92.217 40.865 92.071 42.118 92.071 42.735 c
91.285 42.701 90.704 42.77 90.704 41.761 c
93.618 41.054 m
93.618 40.706 93.663 40.349 93.696 40.002 c
92.227 40.002 l
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92.137 40.751 l
91.801 40.169 91.344 39.891 90.659 39.891 c
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89.157 43.564 90.601 43.642 92.071 43.62 c
92.071 44.057 l
92.071 44.538 92.003 44.887 91.432 44.887 c
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93.618 41.054 l
f
96.451 45.088 m
96.474 45.088 l
96.632 45.346 96.821 45.514 97.033 45.614 c
97.26 45.727 97.516 45.772 97.807 45.772 c
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99.22 40.002 l
97.64 40.002 l
97.64 43.9 l
97.64 44.403 97.549 44.797 97.046 44.797 c
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96.451 40.002 l
94.871 40.002 l
94.871 45.66 l
96.451 45.66 l
96.451 45.088 l
f
101.795 41.761 m
101.795 41.357 101.862 40.865 102.379 40.865 c
103.309 40.865 103.164 42.118 103.164 42.735 c
102.379 42.701 101.795 42.77 101.795 41.761 c
104.709 41.054 m
104.709 40.706 104.754 40.349 104.789 40.002 c
103.318 40.002 l
103.253 40.751 l
103.231 40.751 l
102.896 40.169 102.436 39.891 101.753 39.891 c
100.652 39.891 100.25 40.706 100.25 41.693 c
100.25 43.564 101.695 43.642 103.164 43.62 c
103.164 44.057 l
103.164 44.538 103.097 44.887 102.525 44.887 c
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100.386 44.023 l
100.386 44.707 100.598 45.144 100.967 45.401 c
101.326 45.672 101.841 45.772 102.446 45.772 c
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104.709 41.054 l
f
108.061 41.054 m
108.63 41.054 108.708 41.648 108.708 42.848 c
108.708 44.091 108.653 44.797 108.072 44.797 c
107.476 44.797 107.374 44.382 107.374 42.657 c
107.374 42.129 107.296 41.054 108.061 41.054 c
110.29 45.66 m
110.29 39.765 l
110.29 39.374 110.311 37.826 108.136 37.826 c
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107.465 39.509 l
107.465 39.274 107.499 39.072 107.599 38.938 c
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108.687 40.741 l
108.453 40.303 108.003 40.08 107.488 40.08 c
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f
114.523 43.464 m
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113.067 44.797 113.08 43.944 113.08 43.464 c
h
113.08 42.578 m
113.08 41.904 113.101 40.898 113.795 40.898 c
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116.048 41.288 115.846 40.785 115.464 40.439 c
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113.08 42.578 l
f
118.85 45.088 m
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119.186 45.593 119.612 45.772 120.205 45.772 c
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120.039 43.9 l
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118.85 40.002 l
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117.271 45.66 l
118.85 45.66 l
118.85 45.088 l
f
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h
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126.994 42.578 l
f
132.777 45.088 m
132.798 45.088 l
132.955 45.346 133.146 45.514 133.359 45.614 c
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135.544 40.002 l
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133.963 43.9 l
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132.777 40.002 l
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131.197 45.66 l
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132.777 45.088 l
f
136.385 45.66 m
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138.602 47.262 l
138.602 45.66 l
139.421 45.66 l
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136.385 45.66 l
f
q
27.594 27.518 111.827 41.827 re
W n
0.5 0.25 0 0.1 k
27.595 69.345 41.778 -41.827 re
f
Q
0 0 0 0 k
39.023 62.533 m
39.023 61.455 39.023 60.486 38.811 60.031 c
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f
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f
59.823 63.199 m
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h
60.68 65.322 m
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h
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56.294 59.582 l
f
41.444 66.715 1.522 -7.133 re
f
46.442 65.086 m
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48.249 59.582 l
f
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f
49.92 51.719 m
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49.92 51.719 l
f
35.059 66.838 m
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34.834 64.569 l
34.58 65.631 34.042 66.61 33.162 66.62 c
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35.146 63.227 l
35.146 57.146 l
34.901 57.146 l
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32.451 59.222 31.92 58.796 31.92 58.095 c
31.92 57.239 32.431 57.021 33.414 56.483 c
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51.765 0 TD
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50.322 0 TD
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49.986 0 TD
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( Total amount paid to executing brokers in relation to dealing in buying and selling of investments in the Fund during year e)Tj
49.487 0 TD
(nding 30 November 2020.)Tj
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/F1 1 Tf
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( The return of the fund in excess of the benchmark/index return \(annualised\).)Tj
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49.432 0 TD
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( Represents the net assets of the fund \(ex-dividend\) divided by the total number of shares issued by the fund.)Tj
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50.54 0 TD
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/F1 1 Tf
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( Fees deduced from the Funds assets incurred as part of the Funds operations, including, where applicable, costs incurred b)Tj
50.652 0 TD
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(Other Costs)Tj
/F1 1 Tf
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( Total amount of costs incurred by the Fund outside Commissions during year ending 30 November 2020. These may include, but n)Tj
52.262 0 TD
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-57.2196 -1.3125 TD
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0.53 0.32 0.11 0 k
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/F5 1 Tf
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0 0 0 1 k
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51.433 0 TD
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(Transactions costs)Tj
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( Total trading costs of transactions incurred by the fund, including Commissions during year ending 30 November 2020. Does no)Tj
51.429 0 TD
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( Measure of how frequently over the period assets are bought or sold in the fund \(Lower of Purchases or sales by the Fund/Ave)Tj
51.375 0 TD
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(This material is a nancial promotion and has been issued by Goldman Sachs International, authorised by the Prudential Regulati)Tj
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-47.4093 -1.3125 TD
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0 -1.375 TD
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47.3523 0 TD
(rovisions of law designed to promote the )Tj
-47.3523 -1.3125 TD
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(independence of nancial analysis and is not subject to a prohibition on trading following the distribution of nancial researc)Tj
45.7983 0 TD
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46.4633 0 TD
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(in whole or in part without the prior written consent of )Tj
-46.4633 -1.3125 TD
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(GSI. Goldman Sachs International accepts no liability for the misuse or inappropriate distribution of this material.)Tj
/F5 1 Tf
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(Offering Documents)Tj
/F1 1 Tf
7.4925 0 TD
0.0001 Tw
(: This material is provided at your request for informational purposes only and does not constitute a solicitation in any juris)Tj
44.6833 0 TD
0 Tw
(diction in which such a solicitation is )Tj
-52.1758 -1.3125 TD
0.0001 Tw
(unlawful or to any person to whom it is unlawful. It only contains selected information with regards to the fund and does not c)Tj
46.0203 0 TD
0 Tw
(onstitute an offer to buy shares in the fund. Prior to an )Tj
-46.0203 -1.3125 TD
0.0001 Tw
(investment, prospective investors should carefully read the latest Key Investor Information Document \(KIID\) as well as the offe)Tj
46.4653 0 TD
(ring documentation, including but not limited to the )Tj
-46.4653 -1.3125 TD
(funds prospectus which contains inter alia a comprehensive disclosure of applicable risks. The relevant articles of associatio)Tj
46.2383 0 TD
(n, prospectus, supplement, KIID and latest annual/semi-)Tj
-46.2383 -1.3125 TD
(annual report are available free of charge from the funds paying and information agent and/or from your nancial adviser and a)Tj
46.9643 0 TD
0 Tw
(t www.gsam.com/kiids.)Tj
/F5 1 Tf
-46.9643 -1.375 TD
(Distribution of Shares)Tj
/F1 1 Tf
8.1455 0 TD
0.0001 Tw
(: Shares of the fund may not be registered for public distribution in a number of jurisdictions \(including but not limited to a)Tj
44.2983 0 TD
0 Tw
(ny Latin American, African or Asian )Tj
-52.4438 -1.3125 TD
0.0001 Tw
(countries\). Therefore, the shares of the fund must not be marketed or offered in or to residents of any such jurisdictions unle)Tj
45.5193 0 TD
0 Tw
(ss such marketing or offering is made in compliance with )Tj
-45.5193 -1.3125 TD
0.0001 Tw
(applicable exemptions for the private placement of collective investment schemes and other applicable jurisdictional rules and )Tj
46.8523 0 TD
0 Tw
(regulations.)Tj
/F5 1 Tf
-46.8523 -1.375 TD
0.0001 Tw
(Investment Advice and Potential Loss)Tj
/F1 1 Tf
14.04 0 TD
(: Financial advisers generally suggest a diversied portfolio of investments. The fund described herein does not represent a di)Tj
46.1273 0 TD
0 Tw
(versied )Tj
-60.1673 -1.3125 TD
0.0001 Tw
(investment by itself. This material must not be construed as investment or tax advice. Prospective investors should consult the)Tj
46.3503 0 TD
0 Tw
(ir nancial and tax adviser before investing in order to )Tj
-46.3503 -1.3125 TD
0.0001 Tw
(determine whether an investment would be suitable for them.)Tj
/F5 1 Tf
0 -1.375 TD
(An investor should only invest if he/she has the necessary nancial resources to bear a complete loss of this investment.)Tj
T*
(Swing Pricing)Tj
/F1 1 Tf
5.3728 0 TD
(: Please note that the fund operates a swing pricing policy. Investors should be aware that from time to time this may result i)Tj
45.4633 0 TD
0 Tw
(n the fund performing differently compared )Tj
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27.5 554.389 540 21.5 re
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8 0 0 8 27.5 558.8892 Tm
0 Tc
(t)Tj
ET
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8 0 0 8 29.474 558.8892 Tm
0.0001 Tw
(o the reference benchmark based solely on the effect of swing pricing rather than price developments of underlying instruments.)Tj
-0.2467 -1.375 TD
0 Tw
(Fees are generally billed and payable at the end of each quarter and are based on average month-end market values during the qu)Tj
48.0743 0 TD
(arter.)Tj
-48.0743 -1.375 TD
0.0001 Tw
(Additional information is provided in our Form ADV Part-2 which is available at http://www.adviserinfo.sec.gov/IAPD/Content/Sea)Tj
47.5213 0 TD
0 Tw
(rch/iapd_Search.aspx.)Tj
/F5 1 Tf
-47.5213 -1.375 TD
0.0001 Tw
(The relevant articles of association, prospectus, supplement and key investor information document \(KIID\) and latest annual/sem)Tj
48.1373 0 TD
(i-annual report \(as applicable\) are available free of )Tj
-48.1373 -1.3125 TD
(charge from the funds paying and information agents as listed below:)Tj
0 -1.375 TD
0 Tw
(Austria)Tj
/F1 1 Tf
2.7253 0 TD
0.0001 Tw
(: Raiffeisen Bank International AG, Am Stadtpark 9, A-1030 Wien, Austria.)Tj
/F5 1 Tf
-2.7253 -1.375 TD
0 Tw
(Belgium)Tj
/F1 1 Tf
3.1702 0 TD
0.0001 Tw
(: RBC Investor Services, Place Rogier II, 1210 Brussels, Belgium.)Tj
/F5 1 Tf
-3.1702 -1.375 TD
0 Tw
(Denmark)Tj
/F1 1 Tf
3.4473 0 TD
0.0001 Tw
(: Stockrate Asset Management, Mollevej 9 E2, DK-2990 Niva, Denmark.)Tj
/F5 1 Tf
-3.4473 -1.375 TD
0 Tw
(France)Tj
/F1 1 Tf
2.5895 0 TD
0.0001 Tw
(: RBC Investor Services Bank France, 105, rue Raumur, 75002 Paris, France.)Tj
/F5 1 Tf
-2.5895 -1.375 TD
0 Tw
(Germany)Tj
/F1 1 Tf
3.3912 0 TD
(: State Street Bank GmbH, Brienner Strasse 59, 80333 Munich, Germany.)Tj
/F5 1 Tf
-3.3912 -1.375 TD
(Greece)Tj
/F1 1 Tf
2.7565 0 TD
(: Piraeus Bank S.A., 4 Amerikis Street, 10564 Athens, Greece.)Tj
/F5 1 Tf
-2.7565 -1.375 TD
(Ireland)Tj
/F1 1 Tf
2.6702 0 TD
0.0001 Tw
(: RBC Investor Services Ireland Limited, George's Quay House, 43 Townsend Street, Dublin 2, Ireland.)Tj
/F5 1 Tf
-2.6702 -1.375 TD
0 Tw
(Italy)Tj
/F1 1 Tf
1.6217 0 TD
0.0001 Tw
(: Socit Gnrale Securities Services, Maciachini Center MAC 2, Via Benigno Crespi, 19/A, 20159 Milan, Italy; AllFunds Bank )Tj
46.8493 0 TD
0 Tw
(S.A. Filiale di Milano, Via Santa Margherita 7, 20121 )Tj
-48.471 -1.3125 TD
0.0001 Tw
(Milan, Italy; RBC Investor Services Bank Milan- Milan Branch, Cia Vittor Pisani, 26, 20154 Milan, Italy; State Street Bank S.pA)Tj
45.6843 0 TD
(., Via Col Moschin, 16 , 20136 Milan, Italy; BNP Paribas )Tj
-45.6843 -1.3125 TD
(Securities Services Succursale di Milano, Via Ansperto 5, 20121 Milan, Italy; Banca Sella, Piazza Gaudenzio Sella 1, 13900 Bie)Tj
46.4603 0 TD
0 Tw
(lla Bl., Italy.)Tj
/F5 1 Tf
-46.4603 -1.375 TD
(Luxembourg)Tj
/F1 1 Tf
4.6865 0 TD
(: State Street Bank International GmbH, Luxembourg Branch, 49, avenue J.F. Kennedy, L-1855 Luxembourg.)Tj
/F5 1 Tf
-4.6865 -1.375 TD
(Sweden)Tj
/F1 1 Tf
3.1465 0 TD
0.0001 Tw
(: Skandinaviska Enskilda Banken AB, through its entity Global Transaction Services, SEB Merchant Banking, Sergels Torg 2, ST MH)Tj
48.3503 0 TD
0 Tw
(1, SE-106 40 Stockholm, Sweden.)Tj
/F5 1 Tf
-51.4968 -1.375 TD
(Switzerland)Tj
/F1 1 Tf
4.5462 0 TD
0.0001 Tw
(: Swiss Representative of the fund is First Independent Fund Services Ltd, Klausstrasse 33, 8008 Zurich. Paying Agent of the fu)Tj
46.0733 0 TD
(nd in Switzerland is Goldman Sachs Bank AG, )Tj
-50.6195 -1.3125 TD
(Claridenstrasse 25, 8022 Zurich. The Key Investor Information Document \(KIID\) as well as the annual and semi-annual reports of )Tj
47.1293 0 TD
0 Tw
(the fund may be obtained free of charge at the Swiss )Tj
-47.1293 -1.3125 TD
(Representative or Goldman Sachs Bank AG in Zurich.)Tj
0 -1.375 TD
0.0001 Tw
(Please note in addition for:)Tj
/F5 1 Tf
T*
0 Tw
(Australia)Tj
/F1 1 Tf
3.4408 0 TD
0.0001 Tw
(: This material is distributed in Australia and New Zealand by Goldman Sachs Asset Management Australia Pty Ltd ABN 41 006 099 )Tj
48.1263 0 TD
0 Tw
(681, AFSL 228948 \(GSAMA\) and is )Tj
-51.567 -1.3125 TD
0.0001 Tw
(intended for viewing only by wholesale clients in Australia for the purposes of section 761G of the Corporations Act 2001 \(Cth\))Tj
45.9623 0 TD
( and to clients who either fall within any or all of the )Tj
-45.9623 -1.3125 TD
(categories of investors set out in section 3\(2\) or sub-section 5\(2CC\) of the Securities Act 1978 \(NZ\).)Tj
/F5 1 Tf
0 -1.375 TD
(Hong Kong)Tj
/F1 1 Tf
4.1077 0 TD
(: This material has been issued or approved for use in or from Hong Kong by Goldman Sachs Asset Management \(Hong Kong\) Limited.)Tj
/F5 1 Tf
-4.1077 -1.375 TD
0 Tw
(Netherlands)Tj
/F1 1 Tf
4.6562 0 TD
0.0001 Tw
(: The fund is included in the register kept by the Stichting Autoriteit Financile Markten.)Tj
/F5 1 Tf
-4.6562 -1.375 TD
0 Tw
(Singapore)Tj
/F1 1 Tf
3.8858 0 TD
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