%PDF-1.3
%
1 0 obj
<>stream
application/pdfdataActive
Apple pstopdfVersion=1.4;GeneratorContact=am-it-camra-support@gs.com;DocumentType=MR;Language=en;ShareClass=LU1336752057;RecordDate=2023-07-31;PublicationCountry=GG,DE,NO,BE,FI,PT,AE,CH,ZA,DK,LU,IS,GR,IT,FR,ES,SE,AT,JE,GB,IE,NL,SG.RES;ModificationDate=2023-08-14;
2023-08-14T13:51:21+01:002023-08-15T14:30:42-04:00
endstream
endobj
2 0 obj
<>
endobj
4 0 obj
<>
endobj
3 0 obj
<>
endobj
5 0 obj
<>
endobj
6 0 obj
<>
endobj
7 0 obj
<>
endobj
8 0 obj
<>
endobj
9 0 obj
<>
endobj
11 0 obj
<>/ProcSet[/PDF/Text]/ExtGState<>/Font<>>>
endobj
10 0 obj
<>stream
BT
/TT2 1 Tf
12 0 0 12 0 829.8892 Tm
0 0 0 0 k
/GS1 gs
0 Tc
0 Tw
(PV101781)Tj
ET
1 0.84 0.31 0.17 k
27.5 814.389 369 -86 re
f
BT
/F1 1 Tf
19 0 0 19 33.5 793.3892 Tm
0 0 0 0 k
(Goldman Sachs Global Millennials Equity )Tj
0 -1.2632 TD
(Portfolio)Tj
/F2 1 Tf
14 0 0 14 33.5 743.3892 Tm
0.53 0.32 0.11 0 k
-0.0071 Tc
(A sub-fund of Goldman Sachs Funds, SICAV)Tj
ET
q
0.6 i
396.5 728.389 85 86 re
W n
396.5 814.389 85 -86 re
f
Q
q
0.6 i
399.5 729.389 80 78 re
W n
399.5 807.389 80 -78 re
f
Q
0.82 0.49 0 0 k
481.5 814.389 85 -58.5 re
f
q
0.6 i
481.5 755.889 42.5 58.5 re
W n
481.5 814.389 42.5 -58.5 re
f
Q
BT
/F3 1 Tf
36 0 0 36 485.568 777.3892 Tm
0.41 0.245 0 0 k
-0.0222 Tc
(07)Tj
ET
0.82 0.49 0 0 k
524 814.389 42.5 -58.5 re
f
BT
36 0 0 36 524 777.3892 Tm
0 0 0 0 k
(23)Tj
ET
q
0.6 i
481.5 728.389 85 40 re
W n
0.82 0.49 0 0 k
481.5 768.389 85 -40 re
f
Q
BT
10 0 0 10 491.5 760.3892 Tm
0 Tc
[(Monthly F)55(und )]TJ
0 -1.3 TD
(Update)Tj
ET
q
0.6 i
27.5 697.889 170 16.5 re
W n
1 0.84 0.31 0.17 k
27.5 714.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 31.5 703.3892 Tm
-0.015 Tc
(Investor Prole)Tj
/F5 1 Tf
9 0 0 9 27.5 686.3893 Tm
1 0.84 0.31 0.17 k
0 Tc
(Investor objective)Tj
/F1 1 Tf
8 0 0 8 27.5 675.8893 Tm
0.53 0.32 0.11 0 k
(Capital appreciation with no need for income.)Tj
/F5 1 Tf
9 0 0 9 27.5 660.8893 Tm
1 0.84 0.31 0.17 k
(Position in your overall investment portfolio*)Tj
/F1 1 Tf
8 0 0 8 27.5 650.3893 Tm
0.53 0.32 0.11 0 k
(The fund can complement your portfolio.)Tj
/F5 1 Tf
9 0 0 9 27.5 635.3893 Tm
1 0.84 0.31 0.17 k
(The fund is designed for:)Tj
/F1 1 Tf
8 0 0 8 27.5 624.8893 Tm
0.53 0.32 0.11 0 k
(The fund is designed for investors seeking exposure )Tj
ET
q
0.2 i
27.5 500.389 170 130.5 re
W n
BT
8 0 0 8 27.5 614.8892 Tm
(t)Tj
ET
Q
BT
8 0 0 8 29.724 614.8892 Tm
(o a thematic and concentrated global portfolio that )Tj
-0.278 -1.25 TD
(invests in companies that benet from the behavior )Tj
T*
(of the Millennials generation - individuals born )Tj
T*
(between 1980 and 1999. Potentially higher returns )Tj
T*
(may be generated but also increased levels of risk )Tj
ET
q
0.2 i
27.5 500.389 170 130.5 re
W n
BT
8 0 0 8 27.5 564.8892 Tm
(t)Tj
ET
Q
BT
8 0 0 8 29.724 564.8892 Tm
(han from a more diversied global equity portfolio. )Tj
-0.278 -1.25 TD
(While the fund seeks to achieve its investment )Tj
T*
(objective, investors should understand that the )Tj
T*
(fund's investment objective may not be realised and )Tj
T*
(some or all of your investment is at risk. For further )Tj
T*
(specic risks related to the fund please refer to Risk )Tj
T*
(Considerations below.)Tj
ET
q
0.6 i
27.5 479.889 170 16.5 re
W n
1 0.84 0.31 0.17 k
27.5 496.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 31.5 485.3892 Tm
0 0 0 0 k
-0.015 Tc
(Fund Data)Tj
/F2 1 Tf
8 0 0 8 32.5 468.3892 Tm
0 0 0 1 k
-0.025 Tc
[(No. of holdings)-14041(4)]TJ
ET
q
0.2 i
162.5 463.889 30 11 re
W n
BT
8 0 0 8 189.148 468.3892 Tm
0 Tc
(4)Tj
ET
Q
q
0.6 i
27.5 450.889 135 13 re
W n
0.132 0.08 0.028 0 k
27.5 463.889 135 -13 re
f
Q
BT
8 0 0 8 32.5 455.3892 Tm
(% in top 10)Tj
ET
q
0.6 i
162.5 450.889 35 13 re
W n
0.132 0.08 0.028 0 k
162.5 463.889 35 -13 re
f
Q
BT
8 0 0 8 185.796 455.3892 Tm
(46)Tj
-19.162 -1.625 TD
[(Historical Volatility Portfolio - 3 yr)-6859(21.98)]TJ
ET
0.132 0.08 0.028 0 k
27.5 437.889 135 -13 re
f
BT
8 0 0 8 32.5 429.3893 Tm
0 0 0 1 k
(Turnover Ratio \(%\))Tj
ET
0.132 0.08 0.028 0 k
162.5 437.889 35 -13 re
f
BT
8 0 0 8 185.796 429.3893 Tm
0 0 0 1 k
(12)Tj
-19.162 -1.625 TD
[(Historical Tracking Error - 3 yr)-8627(7.36)]TJ
ET
q
0.6 i
27.5 398.889 135 13 re
W n
0.132 0.08 0.028 0 k
27.5 411.889 135 -13 re
f
Q
BT
8 0 0 8 32.5 403.3892 Tm
(Excess Returns - 3 yr)Tj
ET
q
0.6 i
162.5 398.889 35 13 re
W n
0.132 0.08 0.028 0 k
162.5 411.889 35 -13 re
f
Q
BT
8 0 0 8 178.844 403.3892 Tm
(-7.89)Tj
-18.293 -1.625 TD
0 Tc
(R)Tj
ET
q
0.2 i
32.5 385.889 130 11 re
W n
BT
5 0 0 5 36.3 393.3892 Tm
(2)Tj
ET
Q
BT
8 0 0 8 38.32 390.3893 Tm
-0.025 Tc
[( - 3 yr)-15938.5(0.89)]TJ
ET
0.132 0.08 0.028 0 k
27.5 385.889 135 -13 re
f
BT
8 0 0 8 32.5 377.3892 Tm
0 0 0 1 k
(Beta - 3 yr)Tj
ET
0.132 0.08 0.028 0 k
162.5 385.889 35 -13 re
f
BT
8 0 0 8 180.868 377.3892 Tm
0 0 0 1 k
(1.07)Tj
-18.546 -1.625 TD
(Transaction Costs \(%\))Tj
4 0 0 4 91.388 367.8892 Tm
-0.05 Tc
(\(1\))Tj
8 0 0 8 180.868 364.3892 Tm
-0.025 Tc
(0.12)Tj
ET
0.132 0.08 0.028 0 k
27.5 359.889 135 -13 re
f
BT
8 0 0 8 40.5 351.3892 Tm
0 0 0 1 k
(Commissions \(%\))Tj
ET
0.132 0.08 0.028 0 k
162.5 359.889 35 -13 re
f
BT
8 0 0 8 180.868 351.3892 Tm
0 0 0 1 k
(0.1)Tj
ET
q
0.2 i
162.5 346.889 30 11 re
W n
BT
8 0 0 8 189.148 351.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 40.5 338.3892 Tm
[(Other Costs \(%\))-12002(-0.02)]TJ
ET
q
0.6 i
27.5 320.889 135 13 re
W n
0.132 0.08 0.028 0 k
27.5 333.889 135 -13 re
f
Q
BT
8 0 0 8 32.5 325.3892 Tm
(Swing Pricing \(%\))Tj
ET
q
0.6 i
162.5 320.889 35 13 re
W n
0.132 0.08 0.028 0 k
162.5 333.889 35 -13 re
f
Q
BT
8 0 0 8 40.5 312.3892 Tm
[(Subscription \(%\))-12004(0.12)]TJ
ET
q
0.6 i
27.5 294.889 135 13 re
W n
0.132 0.08 0.028 0 k
27.5 307.889 135 -13 re
f
Q
BT
8 0 0 8 40.5 299.3892 Tm
(Redemption \(%\))Tj
ET
q
0.6 i
162.5 294.889 35 13 re
W n
0.132 0.08 0.028 0 k
162.5 307.889 35 -13 re
f
Q
BT
8 0 0 8 180.868 299.3892 Tm
(0.1)Tj
ET
q
0.2 i
162.5 294.889 30 11 re
W n
BT
8 0 0 8 189.148 299.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 32.5 286.3892 Tm
[(Initial Sales Charge: up to \(%\))-8550(5.50)]TJ
ET
0.132 0.08 0.028 0 k
27.5 281.889 135 -13 re
f
BT
8 0 0 8 32.5 273.3892 Tm
0 0 0 1 k
(Performance Fee Rate \(%\))Tj
ET
0.132 0.08 0.028 0 k
162.5 281.889 35 -13 re
f
BT
8 0 0 8 181.1 273.3892 Tm
0 0 0 1 k
(N/)Tj
ET
q
0.2 i
162.5 268.889 30 11 re
W n
BT
8 0 0 8 188.252 273.3892 Tm
0 Tc
(A)Tj
ET
Q
BT
8 0 0 8 32.5 260.3892 Tm
(Ongoing Charges \(%\))Tj
4 0 0 4 89.556 263.8892 Tm
-0.05 Tc
(\(2\))Tj
8 0 0 8 180.868 260.3892 Tm
-0.025 Tc
(1.65)Tj
ET
0.132 0.08 0.028 0 k
27.5 255.889 135 -13 re
f
BT
8 0 0 8 40.5 247.3892 Tm
0 0 0 1 k
(Management Fee \(%\))Tj
ET
0.132 0.08 0.028 0 k
162.5 255.889 35 -13 re
f
BT
8 0 0 8 180.868 247.3892 Tm
0 0 0 1 k
(1.50)Tj
-17.546 -1.625 TD
[(Distribution Fee \(%\))-10882(0.00)]TJ
ET
0.132 0.08 0.028 0 k
27.5 229.889 135 -13 re
f
BT
8 0 0 8 40.5 221.3892 Tm
0 0 0 1 k
(Other Expenses \(%\))Tj
ET
0.132 0.08 0.028 0 k
162.5 229.889 35 -13 re
f
BT
8 0 0 8 180.868 221.3892 Tm
0 0 0 1 k
(0.15)Tj
ET
q
0.6 i
212.5 697.889 355 16.5 re
W n
0.53 0.32 0.11 0 k
212.5 714.389 355 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 703.3892 Tm
0 0 0 0 k
-0.015 Tc
(Performance \(Indexed\))Tj
/F5 1 Tf
6.5 0 0 6.5 321.14 706.0892 Tm
0 Tc
(\(3\))Tj
ET
0.132 0.08 0.028 0 k
232.5 687.889 335 -67 re
f
BT
/F1 1 Tf
7 0 0 7 225.311 610.8893 Tm
/Cs7 cs 0 scn
[(01/16)-10253.1(01/18)-9790.6(01/20)-9806.8(01/22)-9790.6(01/24)]TJ
ET
0 0 0 1 K
0 J 0 j 0.5 w 10 M []0 d
0.6 i
232.5 620.889 m
232.5 617.889 l
277.193 620.889 m
277.193 617.889 l
S
0 0 0 0 K
277.193 620.889 m
277.193 687.889 l
S
0 0 0 1 K
318.649 620.889 m
318.649 617.889 l
S
0 0 0 0 K
318.649 620.889 m
318.649 687.889 l
S
0 0 0 1 K
360.106 620.889 m
360.106 617.889 l
S
0 0 0 0 K
360.106 620.889 m
360.106 687.889 l
S
0 0 0 1 K
401.562 620.889 m
401.562 617.889 l
S
0 0 0 0 K
401.562 620.889 m
401.562 687.889 l
S
0 0 0 1 K
443.131 620.889 m
443.131 617.889 l
S
0 0 0 0 K
443.131 620.889 m
443.131 687.889 l
S
0 0 0 1 K
484.588 620.889 m
484.588 617.889 l
S
0 0 0 0 K
484.588 620.889 m
484.588 687.889 l
S
0 0 0 1 K
526.044 620.889 m
526.044 617.889 l
S
0 0 0 0 K
526.044 620.889 m
526.044 687.889 l
S
0 0 0 1 K
567.5 620.889 m
567.5 617.889 l
S
0 0 0 0 K
567.5 620.889 m
567.5 687.889 l
S
0 0 0 1 K
232.5 620.889 m
567.5 620.889 l
232.5 620.889 m
229.5 620.889 l
S
BT
7 0 0 7 221.284 619.8892 Tm
(60)Tj
ET
232.5 632.056 m
229.5 632.056 l
S
0 0 0 0 K
232.5 632.056 m
567.5 632.056 l
S
BT
7 0 0 7 218.176 631.0559 Tm
(110)Tj
ET
0 0 0 1 K
232.5 643.223 m
229.5 643.223 l
S
0 0 0 0 K
232.5 643.223 m
567.5 643.223 l
S
BT
7 0 0 7 218.176 642.2225 Tm
(160)Tj
ET
0 0 0 1 K
232.5 654.389 m
229.5 654.389 l
S
0 0 0 0 K
232.5 654.389 m
567.5 654.389 l
S
BT
7 0 0 7 218.176 653.3892 Tm
(210)Tj
ET
0 0 0 1 K
232.5 665.556 m
229.5 665.556 l
S
0 0 0 0 K
232.5 665.556 m
567.5 665.556 l
S
BT
7 0 0 7 218.176 664.5559 Tm
(260)Tj
ET
0 0 0 1 K
232.5 676.723 m
229.5 676.723 l
S
0 0 0 0 K
232.5 676.723 m
567.5 676.723 l
S
BT
7 0 0 7 218.176 675.7225 Tm
(310)Tj
ET
0 0 0 1 K
232.5 687.889 m
229.5 687.889 l
S
BT
7 0 0 7 218.176 686.8893 Tm
(360)Tj
ET
232.5 620.889 m
232.5 687.889 l
S
1 0.1 0 0.28 K
1 w
232.5 620.889 m
232.5 687.889 l
S
1 0.84 0.31 0.17 K
1.5 w [4 2 ]0 d
546.54 661.449 m
543.019 659.758 l
539.612 656.868 l
536.091 655.906 l
532.683 655.356 l
529.167 652.413 l
525.987 653.578 l
522.466 649.559 l
518.945 652.038 l
515.538 648.862 l
512.012 647.448 l
508.605 652.125 l
505.084 654.282 l
501.563 649.967 l
498.156 653.804 l
494.635 654.74 l
491.227 660.689 l
487.711 659.425 l
484.531 661.364 l
481.01 666.418 l
477.489 665.333 l
474.077 665.967 l
470.556 662.588 l
467.149 665.592 l
463.628 663.787 l
460.107 662.99 l
456.699 660.866 l
453.178 660.882 l
449.771 657.954 l
446.255 657.842 l
443.075 657.746 l
439.554 657.811 l
436.033 655.363 l
432.625 650.905 l
429.1 651.986 l
425.692 653.523 l
422.171 650.161 l
418.651 647.22 l
415.243 645.297 l
411.722 643.176 l
408.315 639.236 l
404.799 642.93 l
401.505 645.59 l
397.984 645.157 l
394.463 643.87 l
391.056 642.765 l
387.53 641.661 l
384.123 641.46 l
380.602 641.921 l
377.081 641.57 l
373.673 639.361 l
370.152 641.291 l
366.75 639.978 l
363.229 639.247 l
360.049 638.282 l
356.528 635.868 l
353.007 637.981 l
349.599 637.633 l
346.074 640.744 l
342.666 640.779 l
339.146 640.042 l
335.625 639.292 l
332.217 639.399 l
328.696 638.789 l
325.289 638.588 l
321.773 639.265 l
318.593 640.382 l
315.072 638.381 l
311.551 637.927 l
308.143 637.3 l
304.618 636.471 l
301.21 636.06 l
297.689 635.714 l
294.168 634.892 l
290.761 634.97 l
287.24 634.07 l
283.833 633.409 l
280.317 632.947 l
277.136 632.17 l
273.615 631.252 l
270.095 630.986 l
266.687 631.127 l
263.161 631.821 l
259.754 631.603 l
256.233 631.687 l
252.712 630.6 l
249.305 630.727 l
245.784 630.68 l
242.377 630.343 l
238.86 628.766 l
235.567 628.914 l
232.5 629.823 l
S
0.82 0.49 0 0 K
[]0 d
546.54 652.737 m
543.019 651.352 l
539.612 649.409 l
536.091 649.342 l
532.683 649.275 l
529.167 647.064 l
525.987 648.627 l
522.466 644.183 l
518.945 645.59 l
515.538 642.709 l
512.012 642.865 l
508.605 648.292 l
505.084 649.9 l
501.563 646.059 l
498.156 650.436 l
494.635 652.893 l
491.227 658.074 l
487.711 658.253 l
484.531 659.995 l
481.01 667.812 l
477.489 667.923 l
474.077 669.062 l
470.556 667.611 l
467.149 671.206 l
463.628 669.375 l
460.107 670.134 l
456.699 666.851 l
453.178 668.37 l
449.771 664.127 l
446.255 666.204 l
443.075 665.31 l
439.554 663.658 l
436.033 660.777 l
432.625 654.233 l
429.1 654.01 l
425.692 655.216 l
422.171 652.402 l
418.651 648.605 l
415.243 646.037 l
411.722 643.089 l
408.315 639.203 l
404.799 641.481 l
401.505 644.429 l
397.984 643.803 l
394.463 642.731 l
391.056 641.637 l
387.53 640.565 l
384.123 640.52 l
380.602 640.922 l
377.081 640.364 l
373.673 638.801 l
370.152 640.967 l
366.75 639.002 l
363.229 638.153 l
360.049 636.858 l
356.528 634.334 l
353.007 636.5 l
349.599 636.523 l
346.074 639.56 l
342.666 639.605 l
339.146 638.979 l
335.625 638.935 l
332.217 637.751 l
328.696 636.813 l
325.289 636.478 l
321.773 637.639 l
318.593 637.997 l
315.072 636.165 l
311.551 635.92 l
308.143 635.585 l
304.618 635.339 l
297.689 635.339 l
294.168 634.557 l
290.761 634.58 l
287.24 633.731 l
283.833 632.882 l
280.317 632.235 l
277.136 631.006 l
273.615 630.225 l
270.095 630.202 l
266.687 630.359 l
263.161 630.917 l
259.754 630.805 l
256.233 630.716 l
252.712 629.398 l
249.305 630.046 l
245.784 629.309 l
242.377 629.443 l
238.86 627.88 l
235.567 628.259 l
232.5 629.823 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 Millennials Equity Portfolio )Tj
0 -1.25 TD
(- Base Shares)Tj
/F2 1 Tf
4 0 0 4 280.22 587.9893 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
(MSCI ACWI Growth )Tj
ET
q
0.2 i
407 580.389 153.5 20.5 re
W n
BT
8 0 0 8 468.936 594.8893 Tm
0 Tc
(\()Tj
ET
Q
BT
8 0 0 8 470.96 594.8893 Tm
(Net Total Return, Unhedged, )Tj
-7.995 -1.25 TD
(USD\))Tj
/F2 1 Tf
4 0 0 4 422.648 587.9893 Tm
-0.05 Tc
(\(6\))Tj
8 0 0 8 212.5 569.3893 Tm
0 Tc
(This is an actively managed fund that is not designed to track its reference benchmark. Therefore the performance of the )Tj
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 5 330.09 492.3892 Tm
0 0 0 1 k
-0.06 Tc
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 5 354.09 492.3892 Tm
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 5 378.09 492.3892 Tm
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 5 402.09 492.3892 Tm
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 5 426.09 492.3892 Tm
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 5 450.09 492.3892 Tm
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 5 474.09 492.3892 Tm
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 5 498.09 492.3892 Tm
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-21)Tj
4.42 1.2 TD
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 5 546.09 492.3892 Tm
(31-Jul-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
-2.902 -1.2 TD
-0.06 Tc
(31-Jul-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 \(USD\))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 8 344.476 475.3892 Tm
0 Tc
(-)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 8 368.476 475.3892 Tm
(-)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 8 392.476 475.3892 Tm
(-)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 8 406.868 475.3892 Tm
-0.025 Tc
(19.9)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 8 430.868 475.3892 Tm
(13.1)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
(6.2)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 8 478.868 475.3892 Tm
(34.3)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 8 502.868 475.3892 Tm
(37.8)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 8 524.844 475.3892 Tm
(-31.5)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 8 554.22 475.3892 Tm
(6.7)Tj
-42.09 -1.625 TD
[(Index)-14054(-)-2747(-)-2747(-)-1546(16.6)-1546(15.3)-1965(5.8)-1546(23.9)-1546(31.9)-1293(-16.9)-1546(15.3)]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)-9389(Annualised)]TJ
/F2 1 Tf
-6.419 -1.625 TD
[(Since Launch)-1709(1 Mth)-1345(3 Mths)-2325(YTD)]TJ
ET
q
477.5 404.389 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 417.389 m
481.5 392.389 l
S
Q
BT
8 0 0 8 491.748 408.8892 Tm
(1 Y)Tj
ET
q
0.2 i
482.5 404.389 20 11 re
W n
BT
8 0 0 8 500.476 408.8892 Tm
0 Tc
(r)Tj
ET
Q
BT
8 0 0 8 518.836 408.8892 Tm
[(3 Yrs)-2042(5 Yrs)]TJ
ET
q
212.5 391.389 130 13 re
W n
0.132 0.08 0.028 0 k
212.5 404.389 130 -13 re
f
Q
BT
8 0 0 8 217.5 395.8892 Tm
(Base Shares)Tj
4 0 0 4 251.284 399.3892 Tm
-0.05 Tc
(\(5\))Tj
ET
q
342.5 391.389 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 404.389 45 -13 re
f
Q
BT
8 0 0 8 364.164 395.8892 Tm
-0.025 Tc
(102.60)Tj
ET
q
387.5 391.389 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 404.389 30 -13 re
f
Q
BT
8 0 0 8 400.868 395.8892 Tm
(3.16)Tj
ET
q
417.5 391.389 30 13 re
W n
0.132 0.08 0.028 0 k
417.5 404.389 30 -13 re
f
Q
BT
8 0 0 8 430.868 395.8892 Tm
(8.11)Tj
ET
q
447.5 391.389 30 13 re
W n
0.132 0.08 0.028 0 k
447.5 404.389 30 -13 re
f
Q
BT
8 0 0 8 457.516 395.8892 Tm
(23.31)Tj
ET
q
477.5 391.389 5 13 re
W n
0.132 0.08 0.028 0 k
477.5 404.389 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 404.389 m
481.5 379.389 l
S
Q
q
482.5 391.389 25 13 re
W n
0.132 0.08 0.028 0 k
482.5 404.389 25 -13 re
f
Q
BT
8 0 0 8 490.868 395.8892 Tm
(6.69)Tj
ET
q
507.5 391.389 30 13 re
W n
0.132 0.08 0.028 0 k
507.5 404.389 30 -13 re
f
Q
BT
8 0 0 8 520.868 395.8892 Tm
(0.25)Tj
ET
q
537.5 391.389 30 13 re
W n
0.132 0.08 0.028 0 k
537.5 404.389 30 -13 re
f
Q
BT
8 0 0 8 550.868 395.8892 Tm
(7.51)Tj
-41.671 -1.625 TD
(MSCI ACWI Growth \(Net Total Return, )Tj
0 -1.3125 TD
(Unhedged, USD\))Tj
4 0 0 4 262.236 375.8892 Tm
-0.05 Tc
(\(6\))Tj
8 0 0 8 364.164 382.8892 Tm
-0.025 Tc
[(141.61)-2296(3.23)-1877(11.45)-1877(28.26)]TJ
ET
q
477.5 367.889 5 23.5 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 391.389 m
481.5 366.389 l
S
Q
BT
8 0 0 8 487.516 382.8892 Tm
[(15.32)-2296(8.1)]TJ
ET
q
0.2 i
507.5 378.389 25 11 re
W n
BT
8 0 0 8 529.148 382.8892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 547.516 382.8892 Tm
(10.63)Tj
ET
q
212.5 354.889 130 13 re
W n
0.132 0.08 0.028 0 k
212.5 367.889 130 -13 re
f
Q
BT
8 0 0 8 217.5 359.3892 Tm
(Morningstar Global Large-Cap Growth Equity)Tj
4 0 0 4 338.828 362.8892 Tm
-0.05 Tc
(\(4\))Tj
ET
q
342.5 354.889 45 13 re
W n
0.132 0.08 0.028 0 k
342.5 367.889 45 -13 re
f
Q
q
387.5 354.889 30 13 re
W n
0.132 0.08 0.028 0 k
387.5 367.889 30 -13 re
f
Q
BT
8 0 0 8 400.868 359.3892 Tm
-0.025 Tc
(3.0)Tj
ET
q
0.2 i
387.5 354.889 25 11 re
W n
BT
8 0 0 8 409.148 359.3892 Tm
0 Tc
(4)Tj
ET
Q
q
417.5 354.889 30 13 re
W n
0.132 0.08 0.028 0 k
417.5 367.889 30 -13 re
f
Q
BT
8 0 0 8 430.868 359.3892 Tm
(8.05)Tj
ET
q
447.5 354.889 30 13 re
W n
0.132 0.08 0.028 0 k
447.5 367.889 30 -13 re
f
Q
BT
8 0 0 8 457.516 359.3892 Tm
(18.97)Tj
ET
q
477.5 354.889 5 13 re
W n
0.132 0.08 0.028 0 k
477.5 367.889 5 -13 re
f
0 0 0 1 K
1 w [2 2 ]2 d
481.5 367.889 m
481.5 342.889 l
S
Q
q
482.5 354.889 25 13 re
W n
0.132 0.08 0.028 0 k
482.5 367.889 25 -13 re
f
Q
BT
8 0 0 8 487.516 359.3892 Tm
(11.02)Tj
ET
q
507.5 354.889 30 13 re
W n
0.132 0.08 0.028 0 k
507.5 367.889 30 -13 re
f
Q
BT
8 0 0 8 520.868 359.3892 Tm
(4.77)Tj
ET
q
537.5 354.889 30 13 re
W n
0.132 0.08 0.028 0 k
537.5 367.889 30 -13 re
f
Q
BT
8 0 0 8 550.868 359.3892 Tm
(7.03)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 8 409.148 346.3892 Tm
3.306 Tc
(221)Tj
ET
q
477.5 341.889 5 13 re
W n
0 0 0 1 K
1 w [2 2 ]2 d
481.5 354.889 m
481.5 329.889 l
S
Q
q
0.2 i
482.5 341.889 20 11 re
W n
BT
8 0 0 8 499.148 346.3892 Tm
0 Tc
(4)Tj
ET
Q
q
0.2 i
507.5 341.889 25 11 re
W n
BT
8 0 0 8 529.148 346.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 559.1479 346.3892 Tm
0 Tc
(2)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
(Base Shares)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 8 344.476 297.8892 Tm
0 Tc
(-)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 8 368.476 297.8892 Tm
(-)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 8 392.476 297.8892 Tm
(-)Tj
ET
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 8 416.476 297.8892 Tm
(-)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 8 430.868 297.8892 Tm
-0.025 Tc
(26.1)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 8 456.196 297.8892 Tm
(-6.)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
(35.3)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 8 502.868 297.8892 Tm
(54.7)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
(7.)Tj
ET
q
0.2 i
519.5 293.389 19 11 re
W n
BT
8 0 0 8 535.148 297.8892 Tm
0 Tc
(4)Tj
ET
Q
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
(-39.2)Tj
-41.418 -1.625 TD
(MSCI ACWI Growth \(Net Total Return, )Tj
0 -1.3125 TD
(Unhedged, USD\))Tj
15.872 1.3125 TD
2.722 Tc
(----)Tj
10.799 0 TD
-0.025 Tc
[(30.0)-1712(-8.1)-1546(32.7)-1546(33.6)-1546(17.1)-1293(-28.6)]TJ
/F5 1 Tf
-26.671 -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-Jul-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
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
42.303 42.676 43.756 44.199 43.756 46.94 c
43.756 49.681 42.303 51.204 40.469 51.204 c
57.281 36.433 m
57.281 38.107 56.593 38.869 55.218 38.869 c
54.378 38.869 53.613 38.565 53.308 37.803 c
53.308 41.077 l
50.71 40.849 l
50.71 40.62 l
51.092 40.163 l
51.092 31.255 l
50.71 30.798 l
50.71 30.57 l
53.613 30.57 l
53.613 30.798 l
53.308 31.255 l
53.308 36.661 l
53.308 37.499 53.766 38.031 54.378 38.031 c
54.836 38.031 55.065 37.651 55.065 37.042 c
55.065 31.255 l
54.759 30.798 l
54.759 30.57 l
57.663 30.57 l
57.663 30.798 l
57.281 31.255 l
h
67.445 48.767 m
67.445 50.366 66.758 51.204 65.458 51.204 c
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
60.568 51.204 59.803 50.823 59.498 50.062 c
59.421 50.975 l
59.268 50.975 l
57.052 50.747 l
57.052 50.518 l
57.358 50.138 l
57.358 43.513 l
57.052 43.057 l
57.052 42.828 l
59.88 42.828 l
59.88 43.057 l
59.574 43.513 l
59.574 48.919 l
59.574 49.757 59.956 50.366 60.568 50.366 c
61.026 50.366 61.255 49.909 61.255 49.376 c
61.255 43.513 l
60.949 43.057 l
60.949 42.828 l
63.853 42.828 l
63.853 43.057 l
63.548 43.513 l
63.548 48.919 l
63.548 49.757 63.93 50.366 64.465 50.366 c
65 50.366 65.229 49.909 65.229 49.376 c
65.229 43.513 l
64.924 43.057 l
64.924 42.828 l
67.751 42.828 l
67.751 43.057 l
67.445 43.513 l
h
47.729 31.179 m
46.812 31.179 46.43 32.092 46.43 34.529 c
46.43 37.499 46.888 38.336 47.576 38.336 c
47.958 38.336 48.264 38.031 48.646 36.813 c
48.952 35.823 l
49.716 35.823 l
49.716 38.565 l
49.028 38.793 48.188 38.869 47.653 38.869 c
45.36 38.869 44.061 37.422 44.061 34.605 c
44.061 31.94 45.207 30.341 47.271 30.341 c
48.57 30.341 49.258 30.951 49.792 32.321 c
49.334 32.549 l
48.875 31.56 48.417 31.179 47.729 31.179 c
165.731 36.509 m
164.892 36.509 164.136 36.037 163.699 35.304 c
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
163.699 34.82 164.514 35.647 165.412 35.647 c
166.262 35.647 166.841 35.139 166.841 34.218 c
166.841 30.486 l
167.786 30.486 l
167.786 34.466 l
167.786 35.859 166.864 36.509 165.731 36.509 c
f
BT
/F1 1 Tf
8 0 0 8 219.276 14.5 Tm
0.53 0.32 0.11 0 k
(1)Tj
ET
endstream
endobj
13 0 obj
<>/Font<>>>
endobj
12 0 obj
<>stream
1 0.84 0.31 0.17 k
/GS1 gs
27.5 814.389 369 -86 re
f
BT
/F1 1 Tf
19 0 0 19 33.5 793.3892 Tm
0 0 0 0 k
0 Tc
0 Tw
(Goldman Sachs Global Millennials Equity )Tj
0 -1.2632 TD
(Portfolio)Tj
/F2 1 Tf
14 0 0 14 33.5 743.3892 Tm
0.53 0.32 0.11 0 k
-0.0071 Tc
(A sub-fund of Goldman Sachs Funds, SICAV)Tj
ET
q
0.6 i
396.5 728.389 85 86 re
W n
396.5 814.389 85 -86 re
f
Q
q
0.6 i
399.5 729.389 80 78 re
W n
399.5 807.389 80 -78 re
f
Q
0.82 0.49 0 0 k
481.5 814.389 85 -58.5 re
f
q
0.6 i
481.5 755.889 42.5 58.5 re
W n
481.5 814.389 42.5 -58.5 re
f
Q
BT
/F3 1 Tf
36 0 0 36 485.568 777.3892 Tm
0.41 0.245 0 0 k
-0.0222 Tc
(07)Tj
ET
0.82 0.49 0 0 k
524 814.389 42.5 -58.5 re
f
BT
36 0 0 36 524 777.3892 Tm
0 0 0 0 k
(23)Tj
ET
q
0.6 i
481.5 728.389 85 40 re
W n
0.82 0.49 0 0 k
481.5 768.389 85 -40 re
f
Q
BT
10 0 0 10 491.5 760.3892 Tm
0 Tc
[(Monthly F)55(und )]TJ
0 -1.3 TD
(Update)Tj
ET
q
0.6 i
27.5 697.889 170 16.5 re
W n
1 0.84 0.31 0.17 k
27.5 714.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 31.5 703.3892 Tm
-0.015 Tc
(Financial Information)Tj
/F2 1 Tf
8 0 0 8 32.5 689.3892 Tm
0 0 0 1 k
-0.025 Tc
[(Net Asset Value \(NAV\) - Base Shares)-1523(USD)-2502(20.26)]TJ
ET
q
0.6 i
27.5 671.889 115 13 re
W n
0.132 0.08 0.028 0 k
27.5 684.889 115 -13 re
f
Q
BT
8 0 0 8 32.5 676.3892 Tm
(Total Net Assets \(m\))Tj
ET
q
0.6 i
142.5 671.889 20 13 re
W n
0.132 0.08 0.028 0 k
142.5 684.889 20 -13 re
f
Q
BT
8 0 0 8 145.204 676.3892 Tm
(USD)Tj
ET
q
0.6 i
162.5 671.889 35 13 re
W n
0.132 0.08 0.028 0 k
162.5 684.889 35 -13 re
f
Q
BT
8 0 0 8 177.516 676.3892 Tm
(1,647)Tj
ET
1 0.84 0.31 0.17 k
27.5 665.889 170 -16.5 re
f
BT
/F4 1 Tf
10 0 0 10 31.5 654.8892 Tm
0 0 0 0 k
-0.015 Tc
(Fund Characteristics)Tj
/F2 1 Tf
8 0 0 8 32.5 640.8893 Tm
0 0 0 1 k
-0.025 Tc
[(Currency - Base Shares)-10627(USD)]TJ
ET
0.132 0.08 0.028 0 k
27.5 636.389 120 -13 re
f
BT
8 0 0 8 32.5 627.8892 Tm
0 0 0 1 k
(Inception Date - Base Shares)Tj
ET
0.132 0.08 0.028 0 k
147.5 636.389 50 -13 re
f
BT
8 0 0 8 164.988 627.8892 Tm
0 0 0 1 k
(04-Jan-16)Tj
-16.561 -1.625 TD
[(Fund Domicile)-11079(Luxembourg)]TJ
ET
1 0.84 0.31 0.17 k
27.5 604.389 170 -16.5 re
f
BT
/F4 1 Tf
10 0 0 10 31.5 593.3892 Tm
0 0 0 0 k
-0.015 Tc
(Fund Facts)Tj
/F2 1 Tf
8 0 0 8 32.5 576.3893 Tm
0 0 0 1 k
-0.025 Tc
[(ISIN - Base Shares)-8590(LU1336752057)]TJ
ET
0.132 0.08 0.028 0 k
27.5 571.889 115 -13 re
f
BT
8 0 0 8 32.5 563.3892 Tm
0 0 0 1 k
(Bloomberg Ticker - Base Shares)Tj
ET
0.132 0.08 0.028 0 k
142.5 571.889 55 -13 re
f
BT
8 0 0 8 156.268 563.3892 Tm
0 0 0 1 k
(GSGEUBU L)Tj
ET
q
0.2 i
142.5 558.889 50 11 re
W n
BT
8 0 0 8 188.7 563.3892 Tm
0 Tc
(X)Tj
ET
Q
BT
8 0 0 8 32.5 550.3892 Tm
[(Dividend Distribution Frequency)-6315(Annuall)]TJ
ET
q
0.2 i
142.5 545.889 50 11 re
W n
BT
8 0 0 8 189.588 550.3892 Tm
0 Tc
(y)Tj
ET
Q
q
0.6 i
27.5 532.889 115 13 re
W n
0.132 0.08 0.028 0 k
27.5 545.889 115 -13 re
f
Q
BT
8 0 0 8 32.5 537.3892 Tm
(Dealing and valuation)Tj
ET
q
0.6 i
142.5 532.889 55 13 re
W n
0.132 0.08 0.028 0 k
142.5 545.889 55 -13 re
f
Q
BT
8 0 0 8 178.836 537.3892 Tm
(Dail)Tj
ET
q
0.2 i
142.5 532.889 50 11 re
W n
BT
8 0 0 8 189.588 537.3892 Tm
0 Tc
(y)Tj
ET
Q
BT
8 0 0 8 32.5 524.3892 Tm
[(Reporting year end)-9065(30 Novembe)]TJ
ET
q
0.2 i
142.5 519.889 50 11 re
W n
BT
8 0 0 8 190.476 524.3892 Tm
0 Tc
(r)Tj
ET
Q
q
0.6 i
27.5 496.389 50 23.5 re
W n
0.132 0.08 0.028 0 k
27.5 519.889 50 -23.5 re
f
Q
BT
8 0 0 8 32.5 511.3892 Tm
(Reference )Tj
0 -1.3125 TD
(Benchmark)Tj
ET
q
0.6 i
77.5 496.389 120 23.5 re
W n
0.132 0.08 0.028 0 k
77.5 519.889 120 -23.5 re
f
Q
BT
8 0 0 8 88.42 511.3892 Tm
(MSCI ACWI Growth \(Net Total Return, )Tj
7.418 -1.3125 TD
(Unhedged, USD\))Tj
-14.408 -1.625 TD
[(Settlement)-14600(T + 3)]TJ
ET
q
0.6 i
27.5 447.889 170 29.5 re
W n
1 0.84 0.31 0.17 k
27.5 477.389 170 -29.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 31.5 466.3892 Tm
0 0 0 0 k
-0.015 Tc
(Fund Objective and Investment )Tj
0 -1.3 TD
(Policy)Tj
/F1 1 Tf
8 0 0 8 27.5 437.8892 Tm
0.53 0.32 0.11 0 k
0 Tc
(The Fund seeks to provide capital growth over the )Tj
0 -1.25 TD
(longer term.The Fund seeks to achieve its objective )Tj
T*
(by holding shares or similar instruments relating to )Tj
T*
(companies anywhere in the world, which in the view )Tj
T*
(of the Investment Adviser are beneciaries from the )Tj
T*
(behaviour of the Millennials generation \(dened as )Tj
T*
(individuals born between 1980 and 1999\).)Tj
ET
q
0.6 i
212.5 697.889 170 16.5 re
W n
212.5 714.389 170 -16.5 re
f
Q
BT
/F4 1 Tf
10 0 0 10 216.5 703.3892 Tm
0 0 0 0 k
-0.015 Tc
(Sector Allocation \(%\))Tj
ET
q
0.6 i
397.5 697.889 170 16.5 re
W n
0.53 0.32 0.11 0 k
397.5 714.389 170 -16.5 re
f
Q
BT
10 0 0 10 401.5 703.3892 Tm
(Region Allocation \(%\))Tj
ET
q
0.2 i
254 683.889 18 8 re
W n
0 0 0 1 K
0 J 0 j 0.5 w 10 M []0 d
/GS2 gs
270.846 685.91 m
262.45 689.837 254.582 689.142 y
254.5 691.889 m
254.5 686.272 l
269.281 688.483 m
271.19 685.895 l
268.035 684.594 l
S
Q
0.82 0.49 0 0 k
/GS2 gs
0.6 i
252.5 652.889 m
252.5 682.889 l
269.069 682.889 282.5 669.458 282.5 652.889 c
282.5 649.298 281.855 645.736 280.596 642.373 c
h
252.5 652.889 m
f
0 0 0 0 K
0 J 0 j 0.1 w 10 M []0 d
/GS1 gs
252.5 652.889 m
252.5 682.889 l
269.069 682.889 282.5 669.458 282.5 652.889 c
282.5 649.298 281.855 645.736 280.596 642.373 c
h
252.5 652.889 m
S
252.5 652.889 m
280.596 642.373 l
274.789 626.856 257.501 618.985 241.984 624.793 c
241.69 624.903 241.397 625.018 241.107 625.137 c
h
252.5 652.889 m
f
252.5 652.889 m
280.596 642.373 l
274.789 626.856 257.501 618.985 241.984 624.793 c
241.69 624.903 241.397 625.018 241.107 625.137 c
h
252.5 652.889 m
S
252.5 652.889 m
241.107 625.137 l
233.201 628.383 227.055 634.846 224.21 642.905 c
h
252.5 652.889 m
f
252.5 652.889 m
241.107 625.137 l
233.201 628.383 227.055 634.846 224.21 642.905 c
h
252.5 652.889 m
S
252.5 652.889 m
224.21 642.905 l
222.889 646.65 222.323 650.62 222.548 654.585 c
h
252.5 652.889 m
f
252.5 652.889 m
224.21 642.905 l
222.889 646.65 222.323 650.62 222.548 654.585 c
h
252.5 652.889 m
S
252.5 652.889 m
222.548 654.585 l
222.751 658.17 223.596 661.69 225.043 664.976 c
h
252.5 652.889 m
f
252.5 652.889 m
222.548 654.585 l
222.751 658.17 223.596 661.69 225.043 664.976 c
h
252.5 652.889 m
S
252.5 652.889 m
225.043 664.976 l
226.464 668.205 228.444 671.158 230.891 673.699 c
h
252.5 652.889 m
f
252.5 652.889 m
225.043 664.976 l
226.464 668.205 228.444 671.158 230.891 673.699 c
h
252.5 652.889 m
S
252.5 652.889 m
230.891 673.699 l
232.987 675.875 235.399 677.723 238.047 679.178 c
h
252.5 652.889 m
f
252.5 652.889 m
230.891 673.699 l
232.987 675.875 235.399 677.723 238.047 679.178 c
h
252.5 652.889 m
S
252.5 652.889 m
238.047 679.178 l
239.7 680.087 241.435 680.838 243.229 681.421 c
h
252.5 652.889 m
f
252.5 652.889 m
238.047 679.178 l
239.7 680.087 241.435 680.838 243.229 681.421 c
h
252.5 652.889 m
S
252.5 652.889 m
243.229 681.421 l
244.844 681.945 246.5 682.332 248.18 682.577 c
h
252.5 652.889 m
f
252.5 652.889 m
243.229 681.421 l
244.844 681.945 246.5 682.332 248.18 682.576 c
h
252.5 652.889 m
S
252.5 652.889 m
248.18 682.577 l
249.113 682.712 250.051 682.804 250.993 682.851 c
h
252.5 652.889 m
f
252.5 652.889 m
248.18 682.576 l
249.113 682.712 250.051 682.804 250.993 682.851 c
h
252.5 652.889 m
S
252.5 652.889 m
250.993 682.851 l
251.495 682.877 251.997 682.889 252.5 682.889 c
h
252.5 652.889 m
f
252.5 652.889 m
250.993 682.851 l
251.495 682.877 251.997 682.889 252.5 682.889 c
h
252.5 652.889 m
S
0 0 0 0 k
267.5 652.889 m
267.5 661.173 260.784 667.889 252.5 667.889 c
244.216 667.889 237.5 661.173 237.5 652.889 c
237.5 644.605 244.216 637.889 252.5 637.889 c
260.784 637.889 267.5 644.605 267.5 652.889 c
f
267.5 652.889 m
267.5 661.173 260.784 667.889 252.5 667.889 c
244.216 667.889 237.5 661.173 237.5 652.889 c
237.5 644.605 244.216 637.889 252.5 637.889 c
260.784 637.889 267.5 644.605 267.5 652.889 c
S
BT
/F5 1 Tf
6 0 0 6 290.508 687.3892 Tm
0.82 0.49 0 0 k
-0.0333 Tc
(30.7)Tj
ET
q
0.2 i
287.5 683.889 16 8 re
W n
BT
6 0 0 6 299.032 687.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 687.3892 Tm
0 0 0 1 k
(Communication Services)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.832 -1.5 TD
(25.5)Tj
ET
q
0.2 i
287.5 674.889 16 8 re
W n
BT
6 0 0 6 299.032 678.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 678.3892 Tm
0 0 0 1 k
(Consumer Discretionary)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.832 -1.5 TD
(13.4)Tj
ET
q
0.2 i
287.5 665.889 16 8 re
W n
BT
6 0 0 6 299.032 669.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 669.3892 Tm
0 0 0 1 k
(Information Technology)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(6.3)Tj
ET
q
0.2 i
287.5 656.889 16 8 re
W n
BT
6 0 0 6 299.032 660.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 660.3892 Tm
0 0 0 1 k
(Financials)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(5.7)Tj
ET
q
0.2 i
287.5 647.889 16 8 re
W n
BT
6 0 0 6 299.032 651.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 651.3892 Tm
0 0 0 1 k
(Consumer Staples)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(5.6)Tj
ET
q
0.2 i
287.5 638.889 16 8 re
W n
BT
6 0 0 6 299.032 642.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 642.3892 Tm
0 0 0 1 k
(Utilities)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(4.8)Tj
ET
q
0.2 i
287.5 629.889 16 8 re
W n
BT
6 0 0 6 299.032 633.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 633.3892 Tm
0 0 0 1 k
(Materials)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(3.0)Tj
ET
q
0.2 i
287.5 620.889 16 8 re
W n
BT
6 0 0 6 299.032 624.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 624.3892 Tm
0 0 0 1 k
(Real Estate)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(2.7)Tj
ET
q
0.2 i
287.5 611.889 16 8 re
W n
BT
6 0 0 6 299.032 615.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 615.3892 Tm
0 0 0 1 k
(Industrials)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(1.5)Tj
ET
q
0.2 i
287.5 602.889 16 8 re
W n
BT
6 0 0 6 299.032 606.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 606.3892 Tm
0 0 0 1 k
(Health Care)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(0.0)Tj
ET
q
0.2 i
287.5 593.889 16 8 re
W n
BT
6 0 0 6 299.032 597.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 307.5 597.3892 Tm
0 0 0 1 k
(Energy)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(0.8)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 and cash equivalents)Tj
ET
q
0.2 i
439 677.889 18 8 re
W n
0 0 0 1 K
0.5 w
/GS2 gs
455.846 679.91 m
447.45 683.837 439.582 683.142 y
439.5 685.889 m
439.5 680.272 l
454.281 682.483 m
456.19 679.895 l
453.035 678.594 l
S
Q
0.82 0.49 0 0 k
/GS2 gs
437.5 646.889 m
437.5 676.889 l
454.069 676.889 467.5 663.458 467.5 646.889 c
467.5 630.321 454.069 616.889 437.5 616.889 c
432.255 616.889 427.102 618.264 422.554 620.877 c
h
437.5 646.889 m
f
/GS1 gs
437.5 646.889 m
437.5 676.889 l
454.069 676.889 467.5 663.458 467.5 646.889 c
467.5 630.321 454.069 616.889 437.5 616.889 c
432.255 616.889 427.102 618.264 422.554 620.877 c
h
437.5 646.889 m
S
437.5 646.889 m
422.554 620.877 l
410.558 627.77 404.831 641.973 408.691 655.259 c
h
437.5 646.889 m
f
437.5 646.889 m
422.554 620.877 l
410.558 627.77 404.831 641.973 408.691 655.259 c
h
437.5 646.889 m
S
437.5 646.889 m
408.691 655.259 l
411.801 665.962 420.588 674.059 431.509 676.285 c
h
437.5 646.889 m
f
437.5 646.889 m
408.691 655.259 l
411.801 665.962 420.588 674.059 431.509 676.285 c
h
437.5 646.889 m
S
437.5 646.889 m
431.509 676.285 l
432.864 676.561 434.236 676.743 435.616 676.83 c
h
437.5 646.889 m
f
437.5 646.889 m
431.509 676.285 l
432.864 676.561 434.236 676.743 435.616 676.83 c
h
437.5 646.889 m
S
437.5 646.889 m
435.616 676.83 l
435.742 676.838 435.867 676.845 435.993 676.851 c
h
437.5 646.889 m
f
437.5 646.889 m
435.616 676.83 l
435.742 676.838 435.867 676.845 435.993 676.851 c
h
437.5 646.889 m
S
437.5 646.889 m
435.993 676.851 l
436.495 676.877 436.997 676.889 437.5 676.889 c
h
437.5 646.889 m
f
437.5 646.889 m
435.993 676.851 l
436.495 676.877 436.997 676.889 437.5 676.889 c
h
437.5 646.889 m
S
0 0 0 0 k
452.5 646.889 m
452.5 655.173 445.784 661.889 437.5 661.889 c
429.216 661.889 422.5 655.173 422.5 646.889 c
422.5 638.605 429.216 631.889 437.5 631.889 c
445.784 631.889 452.5 638.605 452.5 646.889 c
f
452.5 646.889 m
452.5 655.173 445.784 661.889 437.5 661.889 c
429.216 661.889 422.5 655.173 422.5 646.889 c
422.5 638.605 429.216 631.889 437.5 631.889 c
445.784 631.889 452.5 638.605 452.5 646.889 c
S
BT
/F5 1 Tf
6 0 0 6 475.508 681.3892 Tm
0.82 0.49 0 0 k
(58.3)Tj
ET
q
0.2 i
472.5 677.889 16 8 re
W n
BT
6 0 0 6 484.032 681.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 681.3892 Tm
0 0 0 1 k
(North America)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.832 -1.5 TD
(21.2)Tj
ET
q
0.2 i
472.5 668.889 16 8 re
W n
BT
6 0 0 6 484.032 672.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 672.3892 Tm
0 0 0 1 k
(Europe)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.832 -1.5 TD
(17.3)Tj
ET
q
0.2 i
472.5 659.889 16 8 re
W n
BT
6 0 0 6 484.032 663.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 663.3892 Tm
0 0 0 1 k
(Asia/Pacic Ex Japan)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(2.2)Tj
ET
q
0.2 i
472.5 650.889 16 8 re
W n
BT
6 0 0 6 484.032 654.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 654.3892 Tm
0 0 0 1 k
(Latin America)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(0.2)Tj
ET
q
0.2 i
472.5 641.889 16 8 re
W n
BT
6 0 0 6 484.032 645.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 645.3892 Tm
0 0 0 1 k
(Africa/Mideast)Tj
/F5 1 Tf
0.82 0.49 0 0 k
-2.4213 -1.5 TD
(0.8)Tj
ET
q
0.2 i
472.5 632.889 16 8 re
W n
BT
6 0 0 6 484.032 636.3892 Tm
0 Tc
(%)Tj
ET
Q
BT
/F1 1 Tf
6 0 0 6 492.5 636.3892 Tm
0 0 0 1 k
(Cash and cash equivalents)Tj
ET
0.53 0.32 0.11 0 k
212.5 566.889 355 -16.5 re
f
BT
/F4 1 Tf
10 0 0 10 216.5 555.8892 Tm
0 0 0 0 k
-0.015 Tc
(Top 10 Holdings)Tj
/F5 1 Tf
6.5 0 0 6.5 291.48 558.5892 Tm
0 Tc
(\(7\))Tj
/F2 1 Tf
8 0 0 8 217.5 541.8892 Tm
0 0 0 1 k
-0.025 Tc
[(Security)-15753(%)-2000(Geography)-5088(Activity)]TJ
ET
q
212.5 512.889 139 23.5 re
W n
0.132 0.08 0.028 0 k
212.5 536.389 139 -23.5 re
f
Q
BT
8 0 0 8 217.5 527.8892 Tm
(Amazon.com Inc)Tj
ET
q
351.5 512.889 25 23.5 re
W n
0.132 0.08 0.028 0 k
351.5 536.389 25 -23.5 re
f
Q
BT
8 0 0 8 363.22 527.8892 Tm
(7.1)Tj
ET
q
376.5 512.889 11 23.5 re
W n
0.132 0.08 0.028 0 k
376.5 536.389 11 -23.5 re
f
Q
q
387.5 512.889 70 23.5 re
W n
0.132 0.08 0.028 0 k
387.5 536.389 70 -23.5 re
f
Q
BT
8 0 0 8 387.5 527.8892 Tm
(United States)Tj
ET
q
457.5 512.889 110 23.5 re
W n
0.132 0.08 0.028 0 k
457.5 536.389 110 -23.5 re
f
Q
BT
8 0 0 8 457.5 527.8892 Tm
(Consumer Discretionary Distribution & )Tj
0 -1.3125 TD
(Retail)Tj
-30 -1.625 TD
[(Alphabet Inc)-13962(6.5)-2000(United States)-4132(Media & Entertainment)]TJ
ET
q
212.5 475.389 139 23.5 re
W n
0.132 0.08 0.028 0 k
212.5 498.889 139 -23.5 re
f
Q
BT
8 0 0 8 217.5 490.3892 Tm
(NVIDIA Corp)Tj
ET
q
351.5 475.389 25 23.5 re
W n
0.132 0.08 0.028 0 k
351.5 498.889 25 -23.5 re
f
Q
BT
8 0 0 8 363.22 490.3892 Tm
(5.)Tj
ET
q
0.2 i
351.5 485.889 20 11 re
W n
BT
8 0 0 8 368.148 490.3892 Tm
0 Tc
(4)Tj
ET
Q
q
376.5 475.389 11 23.5 re
W n
0.132 0.08 0.028 0 k
376.5 498.889 11 -23.5 re
f
Q
q
387.5 475.389 70 23.5 re
W n
0.132 0.08 0.028 0 k
387.5 498.889 70 -23.5 re
f
Q
BT
8 0 0 8 387.5 490.3892 Tm
(United States)Tj
ET
q
457.5 475.389 110 23.5 re
W n
0.132 0.08 0.028 0 k
457.5 498.889 110 -23.5 re
f
Q
BT
8 0 0 8 457.5 490.3892 Tm
(Semiconductors & Semiconductor )Tj
0 -1.3125 TD
(Equipment)Tj
-30 -1.625 TD
[(Meta Platforms Inc)-11778(5.3)-2000(United States)-4132(Media & Entertainment)]TJ
ET
0.132 0.08 0.028 0 k
212.5 461.389 139 -14 re
f
BT
8 0 0 8 217.5 452.8892 Tm
0 0 0 1 k
(Mastercard Inc)Tj
ET
q
351.5 447.389 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 461.389 25 -14 re
f
Q
BT
8 0 0 8 363.22 452.8892 Tm
(4.6)Tj
ET
0.132 0.08 0.028 0 k
376.5 461.389 11 -14 re
f
q
387.5 447.389 70 14 re
W n
387.5 461.389 70 -14 re
f
Q
BT
8 0 0 8 387.5 452.8892 Tm
0 0 0 1 k
(United States)Tj
ET
q
457.5 447.389 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 461.389 110 -14 re
f
Q
BT
8 0 0 8 457.5 452.8892 Tm
(Financial Services)Tj
-30 -1.75 TD
[(Taiwan Semiconductor Manufacturing Co Ltd)-2914(4.2)-2000(Taiwan)-6235(Semiconductors & Semiconductor )]TJ
30 -1.3125 TD
(Equipment)Tj
ET
q
212.5 409.889 139 14 re
W n
0.132 0.08 0.028 0 k
212.5 423.889 139 -14 re
f
Q
BT
8 0 0 8 217.5 415.3892 Tm
(NextEra Energy Inc)Tj
ET
q
351.5 409.889 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 423.889 25 -14 re
f
Q
BT
8 0 0 8 363.22 415.3892 Tm
(3.)Tj
ET
q
0.2 i
351.5 410.889 20 11 re
W n
BT
8 0 0 8 368.148 415.3892 Tm
0 Tc
(4)Tj
ET
Q
q
376.5 409.889 11 14 re
W n
0.132 0.08 0.028 0 k
376.5 423.889 11 -14 re
f
Q
q
387.5 409.889 70 14 re
W n
0.132 0.08 0.028 0 k
387.5 423.889 70 -14 re
f
Q
BT
8 0 0 8 387.5 415.3892 Tm
(United States)Tj
ET
q
457.5 409.889 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 423.889 110 -14 re
f
Q
BT
8 0 0 8 457.5 415.3892 Tm
(Utilities)Tj
-30 -1.75 TD
[(LVMH Moet Hennessy Louis Vuitton SE)-4872(3.)]TJ
ET
q
0.2 i
351.5 396.889 20 11 re
W n
BT
8 0 0 8 368.148 401.3892 Tm
0 Tc
(4)Tj
ET
Q
BT
8 0 0 8 387.5 401.3892 Tm
[(France)-6512(Consumer Durables & Apparel)]TJ
ET
0.132 0.08 0.028 0 k
212.5 395.889 139 -14 re
f
BT
8 0 0 8 217.5 387.3892 Tm
0 0 0 1 k
(Davide Campari-Milano NV)Tj
ET
q
351.5 381.889 25 14 re
W n
0.132 0.08 0.028 0 k
351.5 395.889 25 -14 re
f
Q
BT
8 0 0 8 363.22 387.3892 Tm
(3.1)Tj
ET
0.132 0.08 0.028 0 k
376.5 395.889 11 -14 re
f
q
387.5 381.889 70 14 re
W n
387.5 395.889 70 -14 re
f
Q
BT
8 0 0 8 387.5 387.3892 Tm
0 0 0 1 k
(Italy)Tj
ET
q
457.5 381.889 110 14 re
W n
0.132 0.08 0.028 0 k
457.5 395.889 110 -14 re
f
Q
BT
8 0 0 8 457.5 387.3892 Tm
(Food, Beverage & Tobacco)Tj
-30 -1.75 TD
[(American Tower Corp)-10859(3.0)-2000(United States)-4132(Equity Real Estate Investment Trusts )]TJ
30 -1.3125 TD
(\(REITs\))Tj
/F5 1 Tf
-30 -11.0736 TD
(Please see Additional Notes. All performance and holdings data as at 31-Jul-23. Past Performance does not predict )Tj
ET
q
0.2 i
217.5 250.4 350 29.9 re
W n
BT
8 0 0 8 217.5 264.5001 Tm
0 Tc
(f)Tj
ET
Q
BT
8 0 0 8 219.524 264.5001 Tm
(uture returns. The value of investments and the income derived from investments will uctuate and can go down )Tj
-0.253 -1.225 TD
(as well as up. A loss of capital may occur.)Tj
/F2 1 Tf
4 0 0 4 217.5 247.4001 Tm
0 Tc
(\(1\))Tj
8 0 0 8 221.052 244.4001 Tm
(Please note that this estimated transaction costs gure has not been calculated using the prescribed methodologies )Tj
-0.444 -1.225 TD
(required under EU regulations \(i.e. MIFID II and PRIIPS\). Where required by law or regulation, you may receive additional )Tj
T*
(estimates of transaction costs from us which will be calculated using these prescribed methodologies. These additional )Tj
T*
(estimates may differ from the estimated transaction cost gure included here.)Tj
4 0 0 4 444.5161 218 Tm
( \(2\))Tj
8 0 0 8 448.956 215 Tm
(The ongoing charges gure is based on )Tj
-28.932 -1.225 TD
[(expenses during the previous year)70(. See details in the Key Investor Information Document. The on-going charges are the )]TJ
T*
(fees the fund charges to investors to cover the day-to-day costs of running the funds. They are taken from the fund and )Tj
T*
[(impacts on the fund)90(s return. Fund charges will be incurred in multiple currencies, meaning that payments may increase )]TJ
T*
(or decrease as a result of currency exchange uctuations. All charges will be paid out by the Fund, which will impact on )Tj
T*
(the overall return of the Fund.)Tj
4 0 0 4 305.004 169.0001 Tm
( \(3\))Tj
8 0 0 8 309.444 166.0001 Tm
(Until 3rd January 2016 the Portfolio was named Goldman Sachs Global Equity )Tj
-11.493 -1.225 TD
[(Unconstrained Portfolio. On the 4th January 2016, the Portfolio changed its investment objective and strategy)50(, and as a )]TJ
T*
[(result the Portfolio)90(s name changed to Goldman Sachs Global Millennials Equity Portfolio.)]TJ
4 0 0 4 477.524 149.4 Tm
( \(4\))Tj
8 0 0 8 481.9641 146.4 Tm
(The Morningstar sector )Tj
-33.058 -1.225 TD
(average gures are calculated using all open funds available in the universe at the indicated time period. The number of )Tj
T*
(funds in a Morningstar sector varies over time as new funds are launched and funds close. Source: Morningstar 2023 )Tj
T*
[(Morningstar)70(, Inc. All Rights Reserved.)]TJ
4 0 0 4 328.004 120 Tm
( \(5\))Tj
8 0 0 8 332.444 117 Tm
(Fund returns are shown net of applicable ongoing fees within the portfolio, with )Tj
-14.368 -1.225 TD
[(dividends re-invested using the ex-dividend NA)37(V)100(.)0( These returns are for comparison of performance against specied )]TJ
T*
(index. As the investor may be liable to other fees, charges and taxes, they are not meant to provide a measure of actual )Tj
T*
(return to investors. The performance data do not take account of the commissions and costs incurred on the issue and )Tj
T*
(redemption of shares.)Tj
4 0 0 4 282.356 80.8 Tm
( \(6\))Tj
8 0 0 8 286.796 77.8 Tm
[(Effective May 31, 2016, the Portfolio)90(s reference benchmark changed from MSCI W)18(orld Index )]TJ
-8.662 -1.225 TD
[(\(Net\) to MSCI All Country W)18(orld Growth Index \(T)74(otal Return Net\). The MSCI All Country W)18(orld Growth Index \(T)74(otal Return )]TJ
T*
(Net\) is quoted at month-end with income reinvested and, in contrast to the Portfolio, shown without the deduction of any )Tj
T*
(expenses.)Tj
4 0 0 4 248.148 51.4 Tm
( \(7\))Tj
8 0 0 8 252.588 48.4 Tm
(Portfolio holdings may not represent current, future investments or all of the portfolio's holdings. Future )Tj
-4.386 -1.225 TD
(portfolio holdings may not be protable. For the avoidance of doubt, when buying units in the funds you are not investing )Tj
T*
(directly in the portfolio holdings.)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
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
42.303 42.676 43.756 44.199 43.756 46.94 c
43.756 49.681 42.303 51.204 40.469 51.204 c
57.281 36.433 m
57.281 38.107 56.593 38.869 55.218 38.869 c
54.378 38.869 53.613 38.565 53.308 37.803 c
53.308 41.077 l
50.71 40.849 l
50.71 40.62 l
51.092 40.163 l
51.092 31.255 l
50.71 30.798 l
50.71 30.57 l
53.613 30.57 l
53.613 30.798 l
53.308 31.255 l
53.308 36.661 l
53.308 37.499 53.766 38.031 54.378 38.031 c
54.836 38.031 55.065 37.651 55.065 37.042 c
55.065 31.255 l
54.759 30.798 l
54.759 30.57 l
57.663 30.57 l
57.663 30.798 l
57.281 31.255 l
h
67.445 48.767 m
67.445 50.366 66.758 51.204 65.458 51.204 c
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
60.568 51.204 59.803 50.823 59.498 50.062 c
59.421 50.975 l
59.268 50.975 l
57.052 50.747 l
57.052 50.518 l
57.358 50.138 l
57.358 43.513 l
57.052 43.057 l
57.052 42.828 l
59.88 42.828 l
59.88 43.057 l
59.574 43.513 l
59.574 48.919 l
59.574 49.757 59.956 50.366 60.568 50.366 c
61.026 50.366 61.255 49.909 61.255 49.376 c
61.255 43.513 l
60.949 43.057 l
60.949 42.828 l
63.853 42.828 l
63.853 43.057 l
63.548 43.513 l
63.548 48.919 l
63.548 49.757 63.93 50.366 64.465 50.366 c
65 50.366 65.229 49.909 65.229 49.376 c
65.229 43.513 l
64.924 43.057 l
64.924 42.828 l
67.751 42.828 l
67.751 43.057 l
67.445 43.513 l
h
47.729 31.179 m
46.812 31.179 46.43 32.092 46.43 34.529 c
46.43 37.499 46.888 38.336 47.576 38.336 c
47.958 38.336 48.264 38.031 48.646 36.813 c
48.952 35.823 l
49.716 35.823 l
49.716 38.565 l
49.028 38.793 48.188 38.869 47.653 38.869 c
45.36 38.869 44.061 37.422 44.061 34.605 c
44.061 31.94 45.207 30.341 47.271 30.341 c
48.57 30.341 49.258 30.951 49.792 32.321 c
49.334 32.549 l
48.875 31.56 48.417 31.179 47.729 31.179 c
165.731 36.509 m
164.892 36.509 164.136 36.037 163.699 35.304 c
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
163.699 34.82 164.514 35.647 165.412 35.647 c
166.262 35.647 166.841 35.139 166.841 34.218 c
166.841 30.486 l
167.786 30.486 l
167.786 34.466 l
167.786 35.859 166.864 36.509 165.731 36.509 c
f
BT
/F1 1 Tf
8 0 0 8 219.276 14.5 Tm
0.53 0.32 0.11 0 k
(2)Tj
ET
endstream
endobj
15 0 obj
<>/Font<>>>
endobj
14 0 obj
<>stream
q
0.6 i
27.5 774.389 540 40 re
W n
0.82 0.49 0 0 k
/GS1 gs
27.5 814.389 540 -40 re
f
Q
BT
/F1 1 Tf
15 0 0 15 34.5 788.8893 Tm
0 0 0 0 k
/GS1 gs
-0.0007 Tc
0 Tw
(Goldman Sachs Global Millennials Equity Portfolio)Tj
/F5 1 Tf
8.5 0 0 8.5 27.5 757.8893 Tm
0.53 0.32 0.11 0 k
0 Tc
(Important Risk Considerations)Tj
ET
q
0.6 i
27.5 735.389 540 15 re
W n
1 0.84 0.31 0.17 K
0 J 0 j 2 w 10 M []0 d
27.5 750.389 m
567.5 750.389 l
S
Q
BT
/F6 1 Tf
6 0 0 6 27.5 728.8892 Tm
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 728.8892 Tm
0 0 0 1 k
(Counterparty risk)Tj
/F1 1 Tf
8 0 0 8 96.9915 728.8892 Tm
( a party that the Portfolio transacts with may fail to meet its obligations which could cause losses.)Tj
/F6 1 Tf
6 0 0 6 27.5 717.0892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 717.0892 Tm
0 0 0 1 k
(Custodian risk)Tj
/F1 1 Tf
8 0 0 8 87.0805 717.0892 Tm
( insolvency, breaches of duty of care or misconduct of a custodian or subcustodian responsible for the safekeeping of the Portf)Tj
50.711 0 TD
(olio's assets can result )Tj
-56.9085 -1.2875 TD
(in loss to the Portfolio.)Tj
/F6 1 Tf
6 0 0 6 27.5 694.9893 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 694.9893 Tm
0 0 0 1 k
(Derivatives risk)Tj
/F1 1 Tf
8 0 0 8 91.7895 694.9893 Tm
( derivative instruments are highly sensitive to changes in the value of the underlying asset that they are based on. Certain de)Tj
49.598 0 TD
(rivatives may result in )Tj
-56.3842 -1.2875 TD
(losses greater than the amount originally invested.)Tj
/F6 1 Tf
6 0 0 6 27.5 672.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 672.8892 Tm
0 0 0 1 k
(Emerging markets risk)Tj
/F1 1 Tf
8 0 0 8 114.9265 672.8892 Tm
( emerging markets are likely to bear higher risk due to lower liquidity and possible lack of adequate nancial, legal, social, )Tj
48.817 0 TD
(political and )Tj
-58.4953 -1.2875 TD
(economic structures, protection and stability as well as uncertain tax positions.)Tj
/F6 1 Tf
6 0 0 6 27.5 650.7892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 650.7892 Tm
0 0 0 1 k
(Exchange rate risk)Tj
/F1 1 Tf
8 0 0 8 102.185 650.7892 Tm
( changes in exchange rates may reduce or increase the returns an investor might expect to receive independent of the performanc)Tj
52.266 0 TD
(e of such )Tj
-60.3516 -1.2875 TD
(assets. If applicable, investment techniques used to attempt to reduce the risk of currency movements \(hedging\), may not be ef)Tj
50.878 0 TD
(fective. Hedging also involves )Tj
-50.878 -1.2875 TD
(additional risks associated with derivatives.)Tj
/F6 1 Tf
6 0 0 6 27.5 618.3893 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 618.3893 Tm
0 0 0 1 k
(Liquidity risk)Tj
/F1 1 Tf
8 0 0 8 82.3545 618.3893 Tm
( the Portfolio may not always nd another party willing to purchase an asset that the Portfolio wants to sell which could impac)Tj
50.267 0 TD
(t the Portfolio's ability to )Tj
-55.8738 -1.2875 TD
(meet redemption requests on demand.)Tj
/F6 1 Tf
6 0 0 6 27.5 596.2893 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 596.2893 Tm
0 0 0 1 k
(Market risk)Tj
/F1 1 Tf
8 0 0 8 77.6285 596.2893 Tm
( the value of assets in the Portfolio is typically dictated by a number of factors, including the condence levels of the marke)Tj
49.044 0 TD
(t in which they are traded.)Tj
/F6 1 Tf
6 0 0 6 27.5 584.4892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 584.4892 Tm
0 0 0 1 k
(Operational risk)Tj
/F1 1 Tf
8 0 0 8 93.2175 584.4892 Tm
( material losses to the Portfolio may arise as a result of human error, system and/or process failures, inadequate procedures o)Tj
50.318 0 TD
(r controls.)Tj
/F6 1 Tf
6 0 0 6 27.5 572.6892 Tm
0.53 0.32 0.11 0 k
()Tj
/F1 1 Tf
8 0 0 8 37.5 572.6892 Tm
0 0 0 1 k
(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 27.5 294.9893 Tm
0.53 0.32 0.11 0 k
(Glossary)Tj
ET
q
0.6 i
27.5 272.489 540 15 re
W n
1 0.84 0.31 0.17 K
0 J 0 j 2 w 10 M []0 d
27.5 287.489 m
567.5 287.489 l
S
Q
BT
/F6 1 Tf
6 0 0 6 27.5 265.9893 Tm
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 265.9893 Tm
0 0 0 1 k
(Beta)Tj
/F1 1 Tf
8 0 0 8 53.5565 265.9893 Tm
( Measures the sensitivity of the funds returns to the comparative benchmark index return \(annualised\). The nearer to 1.00, t)Tj
49.986 0 TD
(he closer the historical uctuations )Tj
-51.993 -1.2875 TD
(in the value of the fund are to the benchmark. If above 1.00, then fund uctuations have been greater than the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 243.8893 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 243.8893 Tm
0 0 0 1 k
(Commissions)Tj
/F1 1 Tf
8 0 0 8 83.298 243.8893 Tm
( 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 2022.)Tj
/F6 1 Tf
6 0 0 6 27.5 232.0893 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 232.0893 Tm
0 0 0 1 k
(Excess returns)Tj
/F1 1 Tf
8 0 0 8 88.483 232.0893 Tm
( The return of the fund in excess of the benchmark/index return \(annualised\).)Tj
/F6 1 Tf
6 0 0 6 27.5 220.2893 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 220.2893 Tm
0 0 0 1 k
(Historical tracking error)Tj
/F1 1 Tf
8 0 0 8 121.072 220.2893 Tm
( Measure of the actual deviation of the funds returns from the comparative benchmark index returns \(annualised\). A higher nu)Tj
51.155 0 TD
(mber )Tj
-61.6015 -1.2875 TD
(means that the fund is taking greater risk against the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 198.1893 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 198.1893 Tm
0 0 0 1 k
(Historical Volatility of Portfolio)Tj
/F1 1 Tf
8 0 0 8 144.7105 198.1893 Tm
( Illustrates the dispersion of the funds realized monthly returns around the average monthly return, indicating how volatile)Tj
49.432 0 TD
( the )Tj
-62.8333 -1.2875 TD
(funds return is over time. The higher the number the more volatile the funds returns.)Tj
/F6 1 Tf
6 0 0 6 27.5 176.0893 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 176.0893 Tm
0 0 0 1 k
(Net Asset Value)Tj
/F1 1 Tf
8 0 0 8 92.75 176.0893 Tm
( Represents the net assets of the fund \(ex-dividend\) divided by the total number of shares issued by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 164.2892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 164.2892 Tm
0 0 0 1 k
(Ongoing Charges)Tj
/F1 1 Tf
8 0 0 8 96.524 164.2892 Tm
( The ongoing charges gure is based on the funds expenses during the previous 12 months, on a rolling basis. It excludes tra)Tj
50.54 0 TD
(nsaction costs and )Tj
-57.918 -1.2875 TD
(performance fees incurred by the fund.)Tj
/F6 1 Tf
6 0 0 6 27.5 142.1892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 142.1892 Tm
0 0 0 1 k
(Other Expenses)Tj
/F1 1 Tf
8 0 0 8 91.322 142.1892 Tm
( Fees deduced from the Funds assets incurred as part of the Funds operations, including, where applicable, costs incurred b)Tj
50.652 0 TD
(y the Fund when )Tj
-57.3797 -1.2875 TD
(investing in other funds.)Tj
/F6 1 Tf
6 0 0 6 27.5 120.0892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 120.0892 Tm
0 0 0 1 k
(Other Costs)Tj
/F1 1 Tf
8 0 0 8 77.161 120.0892 Tm
( Total amount of costs incurred by the Fund outside Commissions during year ending 30 November 2022. These may include, but n)Tj
52.262 0 TD
(ot limited to, market )Tj
-57.2196 -1.2875 TD
(fees and local taxes.)Tj
/F6 1 Tf
6 0 0 6 27.5 97.9892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 97.9892 Tm
0 0 0 1 k
(R)Tj
/F2 1 Tf
4 0 0 4 42.226 101.4893 Tm
(2)Tj
/F1 1 Tf
8 0 0 8 44.002 97.9892 Tm
( Measure that represents the percentage of a portfolio movement linked to movements in the benchmark index return \(annualised)Tj
52.433 0 TD
(\). The nearer to [1.00], the more )Tj
-53.2457 -1.2875 TD
(a fund is tracking the risk of the benchmark, and the less risk that the fund is taking against the benchmark.)Tj
/F6 1 Tf
6 0 0 6 27.5 75.8892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 75.8892 Tm
0 0 0 1 k
(Swing pricing)Tj
/F1 1 Tf
8 0 0 8 86.1455 75.8892 Tm
( The swing factor represents the factor in place month end and is subject to change on any Dealing Day depending on prevailin)Tj
51.433 0 TD
(g market conditions.)Tj
/F6 1 Tf
6 0 0 6 27.5 64.0892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 64.0892 Tm
0 0 0 1 k
(Transactions costs)Tj
/F1 1 Tf
8 0 0 8 102.6525 64.0892 Tm
( Total trading costs of transactions incurred by the fund, including Commissions during year ending 30 November 2022. Does no)Tj
51.429 0 TD
(t include trading )Tj
-59.573 -1.2875 TD
(spreads incurred on transactions.)Tj
/F6 1 Tf
6 0 0 6 27.5 41.9892 Tm
0.53 0.32 0.11 0 k
()Tj
/F5 1 Tf
8.5 0 0 8.5 37.5 41.9892 Tm
0 0 0 1 k
(Turnover ratio)Tj
/F1 1 Tf
8 0 0 8 86.1285 41.9892 Tm
( Measure of how frequently over the period assets are bought or sold in the fund \(Lower of Purchases or sales by the Fund/Ave)Tj
51.375 0 TD
(rage net assets of the )Tj
-57.4535 -1.2875 TD
(Fund\).)Tj
0.53 0.32 0.11 0 k
22.722 -2.1487 TD
(3)Tj
ET
endstream
endobj
17 0 obj
<>/Font<>>>
endobj
16 0 obj
<>stream
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
-45.1165 -1.25 TD
(www.cnmv.es.)Tj
/F5 1 Tf
0 -15.75 TD
-0.0313 Tc
(Condentiality)Tj
/F1 1 Tf
0 -1.3125 TD
-0.025 Tc
(No part of this material may, without GSAMs prior written consent, be \(i\) copied, photocopied or duplicated in any form, by an)Tj
47.036 0 TD
(y means, or \(ii\) distributed to any person that is not an )Tj
-47.036 -1.25 TD
(employee, ofcer, director, or authorized agent of the recipient.)Tj
0 -1.3125 TD
( 2023 Goldman Sachs. All rights reserved.)Tj
T*
(Registered and Principal Ofces:)Tj
/F5 1 Tf
12.309 0 TD
-0.0313 Tc
( Luxembourg domiciled Funds Registered Ofce:)Tj
/F1 1 Tf
18.1468 0 TD
-0.025 Tc
( c/o State Street Bank International GmbH, Luxembourg Branch, 49, Avenue J-F Kennedy L-1855, )Tj
-30.4558 -1.25 TD
(Luxembourg)Tj
0 -1.3125 TD
(Any reference to a national regulator is for information purposes only and should not be construed as an endorsement, or otherw)Tj
48.257 0 TD
(ise, by that regulator as to the merits on investing in )Tj
ET
q
1 i
27.5 27.389 540 20.5 re
W n
BT
8 0 0 8 27.5 31.3892 Tm
0 Tc
(t)Tj
ET
Q
BT
8 0 0 8 29.524 31.3892 Tm
(he fund.)Tj
0.53 0.32 0.11 0 k
23.719 -2.1112 TD
0 Tc
(4)Tj
ET
endstream
endobj
21 0 obj
<>
endobj
22 0 obj
<>
endobj
23 0 obj
<>
endobj
24 0 obj
<>
endobj
25 0 obj
<>
endobj
20 0 obj
<>
endobj
19 0 obj
<>
endobj
18 0 obj
<>stream
Hb``qtqre``((*)rrR`` \\ yy5F}Yd<^H bd K
@HR6bg9
L<% ɚ
FF
)I
%
yzP3A@< $8(D9Q!(?-3(0>ÆQ^>~B 1 q ) ))I)) E9 PVUPWSWSBm- = 0040001S3s3sKK++k+k[[;;{'G''7777///_/?@АА0`KJHJHIJIIKIKH)+,(.(.*-)/)/,ikjhnjnjmhko7a¤ S&M2mi3f̚1w֜9-dEKX|kV[n͆u6lڰeӶ-;ض{]wp=rةcgN;u̅s]p+7ݺqƝ[