Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

$33/,&$7,21)250

 ,1',$%8//6+286,1*),1$1&(/,0,7(' $6%$$33/,&$7,21 75$1&+(,,668(23(1621 0$5&+


&UHGLW5DWLQJ&5,6,/$$6WDEOHE\&5,6,/5DWLQJV/WG %:5$$6WDEOHE\%ULFNZRUN5DWLQJV,QGLD3ULYDWH/LPLWHG )250 75$1&+(,,668(&/26(621 $35,/
7R  
)RUGHWDLOVRI(DUO\&ORVXUHRUH[WHQVLRQRIWKH,VVXHSOHDVHUHIHUWRSDJH1RRIWKH$EULGJHG3URVSHFWXV
7KH%RDUGRI'LUHFWRUV $SSOLFDWLRQ
,1',$%8//6 +286,1* ),1$1&( /,0,7(' )RUP1R 62975255
38%/,& ,668( 2) 6(&85(' 5('((0$%/( 121&219(57,%/( '(%(1785(6 2) )$&( 9$/8( 2) C  ($&+ 7+( ´1&'Vµ  9,'( 7+( 6+(/) 35263(&786 $1' 75$1&+( , 35263(&786
7($5+(5(

%27+'$7('0$5&+
,:HKHUHE\FRQ¿UPWKDW,:HKDYHUHDGDQGXQGHUVWRRGWKHWHUPVDQGFRQGLWLRQVRIWKLV$SSOLFDWLRQ)RUPDQGWKHDWWDFKHG$EULGJHG3URVSHFWXVDQGDJUHHWRWKHµ$SSOLFDQW¶V8QGHUWDNLQJ¶DV
JLYHQRYHUOHDI,:HKHUHE\FRQ¿UPWKDW,:HKDYHUHDGWKHLQVWUXFWLRQVIRU¿OOLQJXSWKH$SSOLFDWLRQ)RUPJLYHQRYHUOHDI
/($'0$1$*(5&216257,800(0%(5 
68%&216257,800(0%(56 $*(17
675$',1*0(0%(56 6&6%%5$1&+67$03 5(*,675$5·66&6% '$7(2)
67$03 &2'( 67$03 &2'( &57$&'367$03 &2'( &2'( 6(5,$/12 5(&(,37

6677 288851
$33/,&$17¶6'(7$,/63/($6(),//,1%/2&./(77(56 3OHDVHUHIHUWRSDJHQRRIWKH$EULGJHG3URVSHFWXV
)LUVW$SSOLFDQW 0U0V0V
'DWHRI%LUWK ' ' 0 0 < < < < 1DPHRI*XDUGLDQ LIDSSOLFDQWLVPLQRU  0U0V
$GGUHVV FRPSXOVRU\
3LQ&RGH FRPSXOVRU\ BBBBBBBBBBBBBBBBB7HO1R ZLWK67'&RGH 0RELOHBBBBBBBBBBBBBBBBBBBBBBBB(PDLOBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
6HFRQG$SSOLFDQW 0U0V0V
7KLUG$SSOLFDQW 0U0V0V
,19(6725&$7(*25< 3OVUHIHURYHUOHDI &DWHJRU\, &DWHJRU\,, &DWHJRU\,,, &DWHJRU\,9  6XE&DWHJRU\&RGH 3OVUHIHURYHUOHDI 
3/($6(3529,'($33/,&$17¶6'(326,725<'(7$,/6 )RU16'/HQWHUGLJLW'3,'IROORZHGE\GLJLW&OLHQW,')RU&'6/HQWHUGLJLW&OLHQW,'
16'/ &'6/
,19(670(17'(7$,/6 )RUGHWDLOVSOHDVHUHIHU,VVXH6WUXFWXUHRYHUOHDI
6HULHV , ,, ,,, ,9  9 9, 9,, 9,,,
)UHTXHQF\RI,QWHUHVW3D\PHQW $QQXDO &XPXODWLYH 0RQWKO\ $QQXDO &XPXODWLYH 0RQWKO\ $QQXDO 0RQWKO\
0LQLPXP$SSOLFDWLRQ   C 1&'V DFURVVDOO6HULHV
)DFH9DOXH,VVXH3ULFHRI1&'V C1&'     C
,Q0XOWLSOHVRIWKHUHDIWHU C     C 1&'
7\SHRI,QVWUXPHQW   6HFXUHG1&'V   
7HQRU 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV
&RXSRQ SHUDQQXP IRU1&'+ROGHUVLQ&DWHJRU\, ,,  1$   1$   
&RXSRQ SHUDQQXP IRU1&'+ROGHUVLQ&DWHJRU\,,, ,9  1$   1$   
(IIHFWLYH<LHOG SHUDQQXP IRU1&'+ROGHUVLQ&DWHJRU\, ,,        
(IIHFWLYH<LHOG SHUDQQXP IRU1&'+ROGHUVLQ&DWHJRU\,,, ,9        
0RGHRI,QWHUHVW3D\PHQW   7 KURXJKYDULRXVPRGHVDYDLODEOH
3/($6(),//,1%/2&./(77(56

$PRXQW C1&' RQ0DWXULW\IRU1&'+ROGHUVLQ&DWHJRU\, ,, C C C C C C C C
$PRXQW C1&' RQ0DWXULW\IRU1&'+ROGHUVLQ&DWHJRU\,,, ,9 C C C C C C C C
0DWXULW\5HGHPSWLRQ'DWH <HDUVIURPWKH'HHPHG'DWHRI$OORWPHQW  0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV
3XWDQG&DOO2SWLRQ   1RW$SSOLFDEOH
1RRI1&'VDSSOLHG
$PRXQW3D\DEOH C
*UDQG7RWDO C 
7RWDO1RRI1&'V 7RWDO$PRXQW 3D\DEOH C 
 2XU&RPSDQ\VKDOODOORFDWHDQGDOORW6HULHV,91&'VZKHUHLQWKH$SSOLFDQWVKDYHQRWLQGLFDWHGWKHFKRLFHRIWKHUHOHYDQW1&'6HULHV
3$<0(17'(7$,/6
$PRXQWSDLG CLQ¿JXUHV CLQZRUGV
$6%$%DQN$F1R

$6%$$F+ROGHU1DPHBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
LQFDVH$SSOLFDQWLVGLႇHUHQWIURP$6%$$F+ROGHU
%DQN1DPH %UDQFKBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
2583,,' 0D[LPXPFKDUDFWHUV

$3$1 6,*1$785(2) %3$1 6,*1$785(2) &3$1 6,*1$785(2) '6,*1$785(2)$6%$%$1.$&&2817+2/'(5 6  


62/(),567$33/,&$17 6(&21'$33/,&$17 7+,5'$33/,&$17 $63(5%$1.5(&25'6 
3$1 3$1 3$1 ,:HDXWKRUL]HWKH6&6%WRGRDOODFWVDVDUHQHFHVVDU\WRPDNH
WKH$SSOLFDWLRQLQWKH,VVXH


)XUQLVKLQJ3$1RIWKH$SSOLFDQWLVPDQGDWRU\LQFOXGLQJ0LQRU¶V3$1LQFDVHRI$SSOLFDWLRQE\0LQRU
'DWHBBBBBBBBBBBBBBBBB 3OHDVHUHIHUSDJHQRRIWKH$EULGJHG3URVSHFWXV  
 7($5+(5(
$FNQRZOHGJHPHQW6OLSIRU/HDG0DQDJHU $SSOLFDWLRQ
,1',$%8//6+286,1* &RQVRUWLXP0HPEHU6XE&RQVRUWLXP0HPEHUV
),1$1&(/,0,7(' %URNHUV7UDGLQJ0HPEHUV6&6%V&57$&'3 )RUP1R 62975255
38%/,& ,668( 2) 6(&85(' 5('((0$%/( 121&219(57,%/( '(%(1785(6 2) )$&( 9$/8( 2) C  ($&+ 7+( ´1&'Vµ  9,'( 7+( 6+(/) 35263(&786 $1' 75$1&+( , 35263(&786
%27+'$7('0$5&+
'3,'&/,' 3$1
$PRXQW3DLG CLQ¿JXUHV BBBBBBBBBBBBBBBBBBBBBB%DQN %UDQFKBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 'DWH6WDPS 6LJQDWXUHRI6&6%
0DQGDWRU\
'DWHG
$6%$%DQN$F1R83,,'BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

5HFHLYHGIURP0U0V0V
7HOHSKRQH0RELOHBBBBBBBBBBBBBBBBBBBBBBBBBBB(PDLOBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
7($5+(5(
3ULQWHGE\ZZZPJPSULQWWHFKFRP

38%/,& ,668( 2) 6(&85(' 5('((0$%/( 121&219(57,%/( '(%(1785(6 2) )$&( 9$/8( 2) C  ($&+ 7+( ´1&'Vµ  9,'( 7+( 6+(/) 35263(&786 $1' 75$1&+( , 35263(&786
7($5+(5(

%27+'$7('0$5&+
6HULHV , ,, ,,, ,9 9 9, 9,, 9,,, 'DWH6WDPS 6LJQDWXUHRI/HDG 1DPHRI6ROH)LUVW$SSOLFDQW 0U0V0V 
),1$1&( /,0,7('

0DQDJHU&RQVRUWLXP0HPEHU%URNHU
,VVXH3ULFH)DFH9DOXH1&'¶V C 
,1',$%8//6

7UDGLQJ0HPEHU6&6%&57$&'3
+286,1*

1RRI1&'¶VDSSOLHGIRU
$FNQRZOHGJHPHQW6OLSIRU$SSOLFDQW
$PRXQW3D\DEOH C $SSOLFDWLRQVVXEPLWWHGZLWKRXWEHLQJXSORDGHGRQWKHWHUPLQDOVRIWKH
6WRFN([FKDQJHVZLOOEHUHMHFWHG
*UDQG7RWDO C
$FNQRZOHGJHPHQWLVVXEMHFWWRUHDOLVDWLRQRI$YDLODELOLW\RI)XQGVLQWKH$6%$DFFRXQW
$6%$%DQN$F1R83,,' 'DWHG $OO IXWXUH FRPPXQLFDWLRQ LQ FRQQHFWLRQ ZLWK WKLV
$SSOLFDWLRQ
DSSOLFDWLRQ VKRXOG EH DGGUHVVHG WR WKH 5HJLVWUDU RI
1DPHVRI%DQN %UDQFK ,VVXH )RU GHWDLOV SOHDVH UHIHU RYHUOHDI )RUP1R 62975255
:KLOHVXEPLWWLQJWKH$SSOLFDWLRQ)RUPWKH$SSOLFDQWVKRXOGHQVXUHWKDWWKHGDWHVWDPSEHLQJSXWRQWKH$SSOLFDWLRQ)RUPE\WKH/HDG0DQDJHU&RQVRUWLXP0HPEHU%URNHUV7UDGLQJ0HPEHUV6&6% V &57$&'3
PDWFKHVZLWKWKHGDWHVWDPSRQWKH$FNQRZOHGJHPHQW6OLS$SSOLFDWLRQVVXEPLWWHGZLWKRXWEHLQJXSORDGHGRQWKHWHUPLQDOVRIWKH6WRFN([FKDQJHZLOOEHUHMHFWHG
$33/,&$17·681'(57$.,1*
,:HKHUHE\DJUHHDQGFRQÀUPWKDW
 ,:H KDYH UHDG XQGHUVWRRG DQG DJUHHG WR WKH FRQWHQWV DQG WHUPV DQG FRQGLWLRQV RI ,1',$%8//6 +286,1* ),1$1&( /,0,7('·V 6KHOI 3URVSHFWXV GDWHG 0DUFK   DQG 7UDQFKH , 3URVSHFWXV GDWHG 0DUFK  
&ROOHFWLYHO\WKH³3URVSHFWXV´ 
 ,:HKHUHE\DSSO\IRUDOORWPHQWRIWKH1&'VWRPHXVDQGWKHDPRXQWSD\DEOHRQDSSOLFDWLRQLVUHPLWWHGKHUHZLWK
 ,:HKHUHE\DJUHHWRDFFHSWWKH1&'VDSSOLHGIRURUVXFKOHVVHUQXPEHUDVPD\EH$OORWWHGWRPHXVLQDFFRUGDQFHZLWKWKHFRQWHQWVRIWKH3URVSHFWXVVXEMHFWWRDSSOLFDEOHVWDWXWRU\DQGRUUHJXODWRU\UHTXLUHPHQWV
 ,:HLUUHYRFDEO\JLYHP\RXUDXWKRULW\DQGFRQVHQWWR,'%,75867((6+,36(59,&(6/,0,7(' WKH´'HEHQWXUH7UXVWHHµ WRDFWDVP\RXUWUXVWHHDQGIRUGRLQJVXFKDFWVDVDUHQHFHVVDU\WRFDUU\RXWLWVGXWLHVLQVXFKFDSDFLW\
 ,DP:HDUH,QGLDQ1DWLRQDO V UHVLGHQWLQ,QGLDDQG,DPZHDUHQRWDSSO\LQJIRUWKHVDLG1&'VDVQRPLQHH V RIDQ\SHUVRQUHVLGHQWRXWVLGH,QGLDDQGRUIRUHLJQQDWLRQDO V 
 7KHDSSOLFDWLRQPDGHE\PHXVGRHVQRWH[FHHGWKHLQYHVWPHQWOLPLWRQWKHPD[LPXPQXPEHURI1&'VZKLFKPD\EHKHOGE\PHXVXQGHUDSSOLFDEOHVWDWXWRU\DQGRUUHJXODWRU\UHTXLUHPHQWV
 ,QPDNLQJP\RXULQYHVWPHQWGHFLVLRQ,ZHKDYHUHOLHGRQP\RXURZQH[DPLQDWLRQRI,QGLDEXOOV+RXVLQJ)LQDQFH/LPLWHGWKH,VVXHUDQGWKHWHUPVRIWKH,VVXHLQFOXGLQJWKHPHULWVDQGULVNVLQYROYHGDQGP\RXUGHFLVLRQWRPDNH
WKLVDSSOLFDWLRQLVVROHO\EDVHGRQGLVFORVXUHVFRQWDLQHGLQWKH3URVSHFWXV
 ,:HKDYHREWDLQHGWKHQHFHVVDU\VWDWXWRU\DQGRUUHJXODWRU\SHUPLVVLRQVDSSURYDOVIRUDSSO\LQJIRUVXEVFULELQJWRDQGVHHNLQJDOORWPHQWRIWKH1&'VDSSOLHGIRU
 83,0HFKDQLVPIRU%ORFNLQJ)XQGZRXOGEHDYDLODEOHIRU5HWDLO,QGLYLGXDO,QYHVWRUVZKRKDYHVXEPLWWHGELGIRUDQDPRXQWQRWPRUHWKDQCLQDQ\RIWKHELGGLQJRSWLRQVLQWKH,VVXH LQFOXGLQJ+8)VDSSO\LQJWKURXJKWKHLU
.DUWDDQGGRHVQRWLQFOXGH15,V 
  3OHDVHHQVXUHWKDW\RXU%DQNLVRIIHULQJ83,IDFLOLW\IRU3XEOLF,VVXHV
  3OHDVHPHQWLRQ83,,GFOHDUO\LQ&$3,7$//(77(56RQO\
  (QVXUHWKDWWKH D EDQNZKHUHWKHEDQNDFFRXQWOLQNHGWRWKHLU83,,'LVPDLQWDLQHGDQG E WKH0RELOH$SSDQG83,KDQGOHEHLQJXVHGIRUPDNLQJWKH%LGDUHOLVWHGRQWKHZHEVLWHRI6(%,DW
  KWWSVZZZVHELJRYLQVHELZHERWKHU2WKHU$FWLRQGR"GR5HFRJQLVHG)SL \HV LQWP,G 
  83,,GFDQQRWH[FHHGFKDUDFWHUV
  $SSOLFDQWVXVLQJWKH83,0HFKDQLVPVKDOOHQVXUHWKDWGHWDLOVRIWKH%LGDUHUHYLHZHGDQGYHUL¿HGE\RSHQLQJWKHDWWDFKPHQWLQWKH83,0DQGDWH5HTXHVWDQGWKHQSURFHHGWRDXWKRULVHWKH83,0DQGDWH5HTXHVW)RUIXUWKHU
  GHWDLOVVHH,VVXH3URFHGXUHRQSDJHRIWKH7UDQFKH,3URVSHFWXV
$GGLWLRQDO8QGHUWDNLQJLQFDVHRI$6%$$SSOLFDQWV
  ,:HKHUHE\XQGHUWDNHWKDW,:HDPDUHDQ$6%$$SSOLFDQW V DVSHUDSSOLFDEOHSURYLVLRQVRIWKH6(%,5HJXODWLRQV ,QDFFRUGDQFHZLWK$6%$SURFHVVSURYLGHGLQWKH6(%,5HJXODWLRQVDQGGLVFORVHGLQWKH3URVSHFWXV,:HDXWKRUL]H
 D WKH/HDG0DQDJHUV&RQVRUWLXP0HPEHUV7UDGLQJ0HPEHUV LQ6SHFL¿HGFLWLHVRQO\ %URNHU&57$&'3RUWKH6&6%VDVWKHFDVHPD\EHWRGRDOODFWVDVDUHQHFHVVDU\WRPDNHWKH$SSOLFDWLRQLQWKH,VVXHLQFOXGLQJXSORDGLQJP\RXU
DSSOLFDWLRQEORFNLQJRUXQEORFNLQJRIIXQGVLQWKHEDQNDFFRXQWPDLQWDLQHGZLWKWKH6&6%DVVSHFL¿HGLQWKH$SSOLFDWLRQ)RUPRULQWKHEDQNDFFRXQWRIWKH$SSOLFDQWOLQNHGZLWKWKH83,,'SURYLGHGLQWKH$SSOLFDWLRQ)RUPDVWKHFDVHPD\EH
WUDQVIHURIIXQGVWRWKH3XEOLF,VVXH$FFRXQWRQUHFHLSWRILQVWUXFWLRQIURPWKH/HDG0DQDJHUDQG5HJLVWUDUWRWKH,VVXHRUWKH6SRQVRU%DQNDVWKHFDVHPD\EHDIWHU¿QDOL]DWLRQRI%DVLVRI$OORWPHQWDQG E WKH5HJLVWUDUWRWKH,VVXHRU
6SRQVRU%DQNDVWKHFDVHPD\EHWRLVVXHLQVWUXFWLRQWRWKH6&6%VWRXQEORFNWKHIXQGVLQWKHVSHFL¿HGEDQNDFFRXQWXSRQ¿QDOL]DWLRQRIWKH%DVLVRI$OORWPHQW ,QFDVHWKHDPRXQWDYDLODEOHLQWKHVSHFL¿HG%DQN$FFRXQWLVLQVXI¿FLHQWDV
SHUWKH$SSOLFDWLRQWKH6&6%VKDOOUHMHFWWKH$SSOLFDWLRQ
,:HFRQ¿UPWKDW,:HVKDOOEHDOORFDWHGDQGDOORWWHG6HULHV,91&'VZKHUHLQ,:HKDYHQRWLQGLFDWHGWKHFKRLFHRIWKHUHOHYDQW6HULHVRI1&'V
,03(5621$7,21
$WWHQWLRQRIWKH$SSOLFDQWVLVVSHFL¿FDOO\GUDZQWRWKHSURYLVLRQVRIVXEVHFWLRQ  RIVHFWLRQRIWKH&RPSDQLHV$FWZKLFKLVUHSURGXFHGEHORZ
³$Q\SHUVRQZKR D PDNHVRUDEHWVPDNLQJRIDQDSSOLFDWLRQLQD¿FWLWLRXVQDPHWRDFRPSDQ\IRUDFTXLULQJRUVXEVFULELQJIRULWVVHFXULWLHVRU E PDNHVRUDEHWVPDNLQJRIPXOWLSOHDSSOLFDWLRQVWRDFRPSDQ\LQGLIIHUHQWQDPHVRULQGLIIHUHQW
FRPELQDWLRQVRIKLVQDPHRUVXUQDPHIRUDFTXLULQJRUVXEVFULELQJIRULWVVHFXULWLHVRU F RWKHUZLVHLQGXFHVGLUHFWO\RULQGLUHFWO\DFRPSDQ\WRDOORWRUUHJLVWHUDQ\WUDQVIHURIVHFXULWLHVWRKLPRUWRDQ\RWKHUSHUVRQLQD¿FWLWLRXVQDPHVKDOOEH
OLDEOHIRUDFWLRQXQGHUVHFWLRQ´
,668(5(/$7(',1)250$7,21)25),//,1*7+($33/,&$7,21)250
,19(6725&$7(*25,(6
&DWHJRU\, ,QVWLWXWLRQDO,QYHVWRUV 6XEFDWHJRU\ &DWHJRU\,, 1RQ,QVWLWXWLRQDO,QYHVWRUV 6XEFDWHJRU\
FRGH FRGH
3XEOLF¿QDQFLDOLQVWLWXWLRQVVFKHGXOHGFRPPHUFLDOEDQNVDQG,QGLDQPXOWLODWHUDODQGELODWHUDOGHYHORSPHQW  &RPSDQLHVZLWKLQWKHPHDQLQJRIVHFWLRQ  RIWKH&RPSDQLHV$FW 
¿QDQFLDOLQVWLWXWLRQVZKLFKDUHDXWKRULVHGWRLQYHVWLQWKH1&'V 6WDWXWRU\ERGLHVFRUSRUDWLRQVDQGVRFLHWLHVUHJLVWHUHGXQGHUWKHDSSOLFDEOHODZVLQ,QGLDDQGDXWKRULVHGWR 
3URYLGHQWIXQGVDQGSHQVLRQIXQGVZLWKPLQLPXPFRUSXVRICPLOOLRQDQGVXSHUDQQXDWLRQIXQGVDQG LQYHVWLQWKH1&'V

JUDWXLW\IXQGVZKLFKDUHDXWKRULVHGWRLQYHVWLQWKH1&'V &RRSHUDWLYHEDQNVDQGUHJLRQDOUXUDOEDQNV 
$OWHUQDWLYH,QYHVWPHQW)XQGVVXEMHFWWRLQYHVWPHQWFRQGLWLRQVDSSOLFDEOHWRWKHPXQGHUWKH6HFXULWLHVDQG  3XEOLFSULYDWHFKDULWDEOHUHOLJLRXVWUXVWVZKLFKDUHDXWKRULVHGWRLQYHVWLQWKH1&'V 
([FKDQJH%RDUGRI,QGLD $OWHUQDWLYH,QYHVWPHQW)XQGV 5HJXODWLRQVDVDPHQGHG 6FLHQWL¿FDQGRULQGXVWULDOUHVHDUFKRUJDQLVDWLRQVZKLFKDUHDXWKRUL]HGWRLQYHVWLQWKH1&'V 
5HVLGHQW9HQWXUH&DSLWDO)XQGVUHJLVWHUHGZLWK6(%,  3DUWQHUVKLS¿UPVLQWKHQDPHRIWKHSDUWQHUV 
/LPLWHGOLDELOLW\SDUWQHUVKLSVIRUPHGDQGUHJLVWHUHGXQGHUWKHSURYLVLRQVRIWKH/LPLWHG/LDELOLW\3DUWQHUVKLS 
,QVXUDQFH&RPSDQLHVUHJLVWHUHGZLWK,5'$  $FW 1RRI 
6WDWHLQGXVWULDOGHYHORSPHQWFRUSRUDWLRQV  $VVRFLDWLRQRI3HUVRQVDQG 
,QVXUDQFHIXQGVVHWXSDQGPDQDJHGE\WKHDUP\QDY\RUDLUIRUFHRIWKH8QLRQRI,QGLD  $Q\RWKHULQFRUSRUDWHGDQGRUXQLQFRUSRUDWHGERG\RISHUVRQV 
&DWHJRU\,,, ´+LJK1HWZRUWK,QGLYLGXDOVµ  ´+1,Vµ 
,QVXUDQFHIXQGVVHWXSDQGPDQDJHGE\WKH'HSDUWPHQWRI3RVWVWKH8QLRQRI,QGLD 
5HVLGHQW,QGLDQLQGLYLGXDOVRU+LQGX8QGLYLGHG)DPLOLHVWKURXJKWKH.DUWDDSSO\LQJIRUDQDPRXQWDJJUHJDWLQJ 
1DWLRQDO,QYHVWPHQW)XQGVHWXSE\UHVROXWLRQQR)1R'',,GDWHG1RYHPEHURIWKH  WRDERYHCPLOOLRQDFURVVDOO6HULHVRI1&'VLQ,VVXH
*RYHUQPHQWRI,QGLDSXEOLVKHGLQWKH*D]HWWHRI,QGLD
&DWHJRU\,9 ´5HWDLO,QGLYLGXDO,QYHVWRUVµ  ´5,,Vµ
6\VWHPLFDOO\LPSRUWDQWQRQEDQNLQJ¿QDQFLDOFRPSDQLHVEHLQJQRQEDQNLQJ¿QDQFLDOFRPSDQLHVUHJLVWHUHG
ZLWKWKH5HVHUYH%DQNRI,QGLDDQGKDYLQJDQHWZRUWKRIPRUHWKDQ CPLOOLRQDVSHULWVODVWDXGLWHG
 5HVLGHQW,QGLDQLQGLYLGXDOVRU+LQGX8QGLYLGHG)DPLOLHVDSSO\LQJWKURXJKWKH.DUWDDSSO\LQJIRUDQDPRXQW 
¿QDQFLDOVWDWHPHQWVDQG DJJUHJDWLQJXSWRDQGLQFOXGLQJCPLOOLRQDFURVVDOOVHULHVRI1&'VLQWKH,VVXHDQGVKDOOLQFOXGH5HWDLO
,QGLYLGXDO,QYHVWRUVZKRKDYHVXEPLWWHGELGIRUDQDPRXQWQRWPRUHWKDQCLQDQ\RIWKHELGGLQJRSWLRQV
0XWXDO)XQGVUHJLVWHUHGZLWK6(%,  LQWKH,VVXH LQFOXGLQJ+8)VDSSO\LQJWKURXJKWKHLU.DUWDDQGGRHVQRWLQFOXGH15,V WKURXJK83,0HFKDQLVP
7KHVSHFL¿FWHUPVRIHDFKLQVWUXPHQWDUHVHWRXWEHORZ
,668(6758&785(
6HULHV , ,, ,,, ,9  9 9, 9,, 9,,,
)UHTXHQF\RI,QWHUHVW3D\PHQW $QQXDO &XPXODWLYH 0RQWKO\ $QQXDO &XPXODWLYH 0RQWKO\ $QQXDO 0RQWKO\
0LQLPXP$SSOLFDWLRQ   C 1&'V DFURVVDOO6HULHV
)DFH9DOXH,VVXH3ULFHRI1&'V C1&'     C
,Q0XOWLSOHVRIWKHUHDIWHU C    C 1&'
7\SHRI,QVWUXPHQW   6HFXUHG1&'V    
7HQRU 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV
&RXSRQ SHUDQQXP IRU1&'+ROGHUVLQ&DWHJRU\, ,,  1$   1$   
&RXSRQ SHUDQQXP IRU1&'+ROGHUVLQ&DWHJRU\,,, ,9  1$   1$   
(IIHFWLYH<LHOG SHUDQQXP IRU1&'+ROGHUVLQ&DWHJRU\, ,,        
(IIHFWLYH<LHOG SHUDQQXP IRU1&'+ROGHUVLQ&DWHJRU\,,, ,9        
0RGHRI,QWHUHVW3D\PHQW   7 KURXJKYDULRXVPRGHVDYDLODEOH
$PRXQW C1&' RQ0DWXULW\IRU1&'+ROGHUVLQ&DWHJRU\, ,, C C C C C C C C
$PRXQW C1&' RQ0DWXULW\IRU1&'+ROGHUVLQ&DWHJRU\,,, ,9 C C C C C C C C
0DWXULW\5HGHPSWLRQ'DWH <HDUVIURPWKH'HHPHG'DWHRI$OORWPHQW  0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV 0RQWKV
3XWDQG&DOO2SWLRQ   1RW$SSOLFDEOH
2XU&RPSDQ\VKDOODOORFDWHDQGDOORW6HULHV,91&'VZKHUHLQWKH$SSOLFDQWVKDYHQRWLQGLFDWHGWKHFKRLFHRIWKHUHOHYDQW1&'6HULHV
)RUGHWDLOVRQLQWHUHVWSD\PHQWVSOHDVHUHIHUWR(IIHFWRIKROLGD\VRQSD\PHQWVRQSDJHRIWKH7UDQFKH,3URVSHFWXV,QWKHHYHQWWKHLQWHUHVWSD\RXWRIWRWDOFRXSRQUHGHPSWLRQDPRXQWLVDIUDFWLRQDQGQRWDQLQWHJHUVXFKDPRXQWZLOOEH
URXQGHGRIIWRWKHQHDUHVWLQWHJHU
$SSOLFDQWVDUHDGYLVHGWRHQVXUHWKDWWKH\KDYHREWDLQHGWKHQHFHVVDU\VWDWXWRU\DQGRUUHJXODWRU\SHUPLVVLRQVFRQVHQWVDSSURYDOVLQFRQQHFWLRQZLWKDSSO\LQJIRUVXEVFULELQJWRRUVHHNLQJ$OORWPHQWRI1&'VSXUVXDQWWRWKH7UDQFKH,,VVXH)RU
IXUWKHUGHWDLOVVHH³,VVXH3URFHGXUH´RQSDJHRIWKH7UDQFKH,3URVSHFWXV
3OHDVHUHIHUWR$QQH[XUH'RI7UDQFKH,3URVSHFWXVIRUGHWDLOVSHUWDLQLQJWRWKHFDVKÀRZVRIWKH&RPSDQ\LQDFFRUGDQFHZLWKWKH6(%,&LUFXODUEHDULQJQXPEHU6(%,+2''+63&,5GDWHG$XJXVW
&DWHJRU\,,,DQG,9RI,QYHVWRUVLQWKHSURSRVHG,VVXHZKRDUHDOVR1&' V ERQG V SUHYLRXVO\LVVXHGE\RXU&RPSDQ\DQGRURXU6XEVLGLDULHVDVWKHFDVHPD\EHDQGRUDUHHTXLW\VKDUHKROGHU V RI,QGLDEXOOV+RXVLQJ)LQDQFH/LPLWHGDVWKHFDVH
PD\EH ³3ULPDU\+ROGHU V ´ RQWKH'HHPHG'DWHRI$OORWPHQWDQGDSSO\LQJLQ6HULHV,6HULHV,,,6HULHV,96HULHV9,6HULHV9,,DQGRU6HULHV9,,,VKDOOEHHOLJLEOHIRUDGGLWLRQDOLQFHQWLYHRISDSURYLGHGWKH1&'VLVVXHGXQGHUWKHSURSRVHG
,VVXHDUHKHOGE\WKHLQYHVWRUVRQWKHUHOHYDQW5HFRUG'DWHDSSOLFDEOHIRUSD\PHQWRIUHVSHFWLYHFRXSRQVLQUHVSHFWRI6HULHV,6HULHV,,,6HULHV,96HULHV9,6HULHV9,,DQG6HULHV9,,,
&DWHJRU\,,,DQG,9RI,QYHVWRUVLQWKHSURSRVHG,VVXHZKRDUHDOVR3ULPDU\+ROGHU V RQWKH'HHPHG'DWHRI$OORWPHQWDSSO\LQJLQ6HULHV,,DQGRU9WKHPDWXULW\DPRXQWDWUHGHPSWLRQDORQJZLWKWKHDGGLWLRQDO\LHOGZRXOGEHCSHU1&'
DQGRUCSHU1&'UHVSHFWLYHO\SURYLGHGWKH1&'VLVVXHGXQGHUWKHSURSRVHG,VVXHDUHKHOGE\WKHLQYHVWRUVRQWKHUHOHYDQW5HFRUG'DWHDSSOLFDEOHIRUUHGHPSWLRQLQUHVSHFWRI6HULHV,,DQGRU6HULHV97KHDGGLWLRQDOLQFHQWLYHZLOOEH
PD[LPXPRISDIRU&DWHJRU\,,,DQG,9,QYHVWRUVLQWKHSURSRVHG,VVXHZKRDUHDOVR3ULPDU\+ROGHU V RQWKHGHHPHGGDWHRIDOORWPHQW
1RWHD%DVLVRI$OORWPHQW)RUGHWDLOVSOHDVHUHIHUWRSDJHQRRIWKH$EULGJHG3URVSHFWXVE)RU*URXQGVIRU7HFKQLFDO5HMHFWLRQ´3OHDVHUHIHUWRSDJHQRRIWKH$EULGJHG3URVSHFWXVµF7KH&RPSDQ\VKDOODOORFDWHDQG
DOORW6HULHV,91&'VZKHUHLQWKH$SSOLFDQWVKDYHQRWLQGLFDWHGWKHLUFKRLFHRIWKHUHOHYDQW1&'6HULHVG,IWKH'HHPHG'DWHRI$OORWPHQWXQGHUJRHVDFKDQJHWKHFRXSRQSD\PHQWGDWHVUHGHPSWLRQGDWHVUHGHPSWLRQDPRXQWV
DQGRWKHUFDVKÁRZZRUNLQJVVKDOOEHFKDQJHGDFFRUGLQJO\)RUGHWDLOVRIWKHLQWHUHVWSD\PHQWSOHDVHUHIHUWRUHIHUWR$QQH[XUH'RIWKH7UDQFKH,3URVSHFWXV)RUIXUWKHULQIRUPDWLRQSOHDVHUHIHUWRVHFWLRQWLWOHG´,VVXH5HODWHG
,QIRUPDWLRQµRQSDJHRIWKH7UDQFKH,3URVSHFWXV)RUIXUWKHUGHWDLOVSOHDVHUHIHUWRWKH6KHOI3URVSHFWXVGDWHG0DUFKDQG7UDQFKH,3URVSHFWXVGDWHG0DUFK

 7($5+(5(

‡ ,QFDVHRITXHULHVUHODWHGWRDOORWPHQWFUHGLWRI$OORWWHG1&'5HIXQGWKH$SSOLFDQWVVKRXOG &203$1<&217$&7'(7$,/6 5(*,675$5&217$&7'(7$,/6


FRQWDFW5HJLVWUDUWRWKH,VVXHRUWKH&RPSDQ\ ,1',$%8//6+286,1*),1$1&(/,0,7(' .ÀQ7HFKQRORJLHV/LPLWHG IRUPHUO\NQRZQDV.),17HFKQRORJLHV3ULYDWH/LPLWHG 
‡ ,QFDVHRI$6%$$SSOLFDWLRQVXEPLWWHGWRWKH6&6%VWKH$SSOLFDQWVVKRXOGFRQWDFWWKH &RUSRUDWH,GHQWLW\1XPEHU/'/3/& &,187*37&
UHOHYDQW6&6% 6HOHQLXP7RZHU%3ORW1R±DQG)LQDQFLDO'LVWULFW1DQDNUDPJXGD
 5HJLVWHUHG2IÀFH0 )LUVW)ORRU&RQQDXJKW3ODFH
‡ ,QFDVHRITXHULHVUHODWHGWRXSORDGRI$6%$$SSOLFDWLRQVVXEPLWWHGWRWKH/HDG0DQDJHU 6HULOLQJDPSDOO\+\GHUDEDG5DQJDUHGGL7HODQJDQD+\GHUDEDG
&RQVRUWLXP0HPEHU7UDGLQJ0HPEHUV&57$&'36&6%$SSOLFDQWVVKRXOGFRQWDFW 1HZ'HOKL'HOKL,QGLD 7HO)DFVLPLOH1R
WKHUHOHYDQW/HDG0DQDJHU&RQVRUWLXP0HPEHU7UDGLQJ0HPEHUV&57$&'36&6% 7HOHSKRQH1R)DFVLPLOH1R (PDLOLEKOQFGLSR#N¿QWHFKFRP
‡ 7KHJULHYDQFHDULVLQJRXWRI$SSOLFDWLRQVIRU1&'¶VPDGHWKURXJK7UDGLQJ0HPEHUVPD\ &RPSDQ\6HFUHWDU\DQG&RPSOLDQFH2IÀFHU0U$PLW.XPDU-DLQ ,QYHVWRU*ULHYDQFH(PDLOHLQZDUGULV#N¿QWHFKFRP
EHDGGUHVVHGGLUHFWO\WRH[FKDQJHV 7HOHSKRQH1R)DFVLPLOH1R :HEVLWHZZZN¿QWHFKFRP&RQWDFW3HUVRQ0U00XUDOL.ULVKQD
‡ $FNQRZOHGJPHQWLVVXEMHFWWRDYDLODELOLW\RI)XQGVLQWKH$6%$DFFRXQW (PDLODMDLQ#LQGLDEXOOVFRP 6(%,5HJLVWUDWLRQ1XPEHU,15

 ,1',$%8//6+286,1*),1$1&(/,0,7('

You might also like