k
6WHOOHQ6LHVLFKHUGDVVGHU%DVLVUDKPHQSHUIHNWUHFKWZLQNHOLJDQJHRUGQHWLVW5LFKWHQ6LHGHQ%DVLVUDKPHQ
DXIGHP)XQGDPHQWDXVXQGPDUNLHUHQ6LHGLH%RKUO|FKHULQGHQ(FNHQDXIGHP%HWRQ
%RKUHQ6LHGLH/|FKHUPLWHLQHPPP%HWRQERKUHU6HW]HQ6LHGLH'EHO67HLQXQGEHIHVWLJHQ6LHGLH
%DVLVPLWGHQ6FKUDXEHQ66DXIGHP)XQGDPHQW
t
0DNHVXUHWKHEDVHIUDPHKDVSHUIHFWULJKWDQJOHV0DNHVXUHWKHEDVHIUDPHKDVSHUIHFWULJKWDQJOHV$OLJQ
WKHEDVHRQWKHIRXQGDWLRQDQGPDUNWKHGULOOKROHVRQWKHFRQFUHWH
'ULOOWKHKROHVZLWKDPPFRQFUHWHGULOOELW,QVHUWWKHGRZHOV67DQGVHFXUHWKHEDVHIUDPHWRWKHIRXQGDWL
RQZLWKWKHVFUHZV66
3B7(352B)OH[6KHGB0BB'(B*%LQGG 30
t
k
)XQGDPHQWHUVWHOOXQJ
)RXQGDWLRQSUHSDUDWLRQ
0DUNLHU6WLIW
0DUNHU3HQ