)DUyLVGH /RQJR$OFDQFH 5HGRQGRV 2YDLV 

$ $
$ $
5HI 5HI 5HI
$ $
$ $

7LSR 7LSR 7LSR

Š Š Š

9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR%UDQFR
%UDQFR 9 &RUGR9LGUR%UDQFR

/kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP

+ 'LkPHWUR + 'LkPHWUR + 'LkPHWUR

3. $OWXUD 3W $OWXUD 3. $OWXUD
6 3URIXQGLGDGH 3W 3URIXQGLGDGH 6 3URIXQGLGDGH

5HI $$ 5HI $

'LkPHWUR 'LkPHWUR
$OWXUD $OWXUD
3URIXQGLGDGH 3URIXQGLGDGH

'LPHQV}HV PP 'LPHQV}HV PP
/kPSDGD /kPSDGD

+ 7LSR + 7LSR
YZ $YLmR 3. $YLmR
3.6 6
9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR$PDUHOR
H[FHSWRRQGHPHQFLRQDGDVFRPRWDO
$VPDUFDVHQ~PHURVRULJLQDLVVHUYHPDSHQDVFRPRUHIHUrQFLDH[FHSWRRQGHPHQFLRQDGDVFRPRWDO

5HI 16' 5HI 16 5HI 16

7LSR
7LSR
3URMHFWRU
9 &RUGR9LGUR%UDQFR
9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR%UDQFR
%UDQFR 9 &RP*UHOKD

/kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP

+ 'LkPHWUR + 'LkPHWUR + 'LkPHWUR

3. $OWXUD  3. $OWXUD  3. $OWXUD 
6 3URIXQGLGDGH 6 3URIXQGLGDGH 6 3URIXQGLGDGH

6,0325$/ 6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV/'$
6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV
5XD9LFWRU+XJR±
±%& 7HO
2XW

ZZZVLPSRUDOSW /RMD /LVERD² 32578*$/ )D[HPDLOLQIR#VLPSRUDOSW

/RMD
5XD$OPLUDQWH*DJR&RXWLQKR
3Ï92$'(6$172$'5,­2
3Ï92$'(6$172$'5,­2
7HO )D[
HPDLOVLPSRUDOSRYRD#VLPSRUDOSW

 )DUyLVGH /RQJR$OFDQFH 5HGRQGRV 2YDLV

$ 5HI $

$ $ 5HI
5HI
$
$

9 )DURO$]XO 9 )DURO$]XO
9 &DUFDoD3OiVWLFD 3UDWHDGD 9 &DUFDoD3OiVWLFD 3UHWD
9 &RP/X]3UHVHQoD/('3HQFLO 9 &RUGR9LGUR%UDQFR
&RUGR9LGUR 9 &RP/X]3UHVHQoD/('3HQFLO

'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD

'LkPHWUR + /DUJXUD + 'LkPHWUR +

$OWXUD   $OWXUD 3. $OWXUD  
3URIXQGLGDGH 3URIXQGLGDGH 6 3URIXQGLGDGH

)DUyLVGH /RQJR$OFDQFH 5HFWDQJXODUHV

H[FHSWRRQGHPHQFLRQDGDVFRPRWDO
$VPDUFDVHQ~PHURVRULJLQDLVVHUYHPDSHQDVFRPRUHIHUrQFLDH[FHSWRRQGHPHQFLRQDGDVFRPRWDO
$ 5HI $
$ $
5HI 5HI
$
$ $

'-& FRP/kPSDGD
'-&

7LSR

9 &RUGR9LGUR%UDQFR
&RUGR9LGUR 9 &RUGR9LGUR%UDQFR
9 $UR3UHWR 9LGUR 9$UR&URPDGR
9 &RUGR9LGUR$PDUHOR
9 $UR &URPDGR $

'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP

'LkPHWUR + 'LkPHWUR + 'LkPHWUR

$OWXUD 3. $OWXUD 3. $OWXUD
3URIXQGLGDGH 6 3URIXQGLGDGH 6 3URIXQGLGDGH

6,0325$/ 6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV/'$
2XW 5XD9LFWRU+XJR±%& 7HO
 /RMD /LVERD² 32578*$/ )D[H
)D[HPDLOLQIR#VLPSRUDOSW ZZZVLPSRUDOSW
 /RMD
5XD$OPLUDQWH*DJR&RXWLQKR
3Ï92$'(6$172$'5,­2
7HO )D[
HPDLOVLPSRUDOSRYRD#VLPSRUDOSW
PDLOVLPSRUDOSRYRD#VLPSRUDOSW
 )DUyLVGH /RQJR$OFDQFH 5HFWDQJXODUHV 

5 $
$ $
5HI 5HI 5HI
$
$ $
5 ÏSWLFD
7LSR

9 &RUGR9LGUR%UDQFR
9 3DUD &DPLmR 9 &RUGR9LGUR%UDQFR
%UDQFR 9 &RUGR9LGUR%UDQFR

/kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP

+ 'LkPHWUR + /DUJXUD + 'LkPHWUR

3. $OWXUD 3. $OWXUD 3. $OWXUD
6 3URIXQGLGDGH 6 6 3URIXQGLGDGH

$ $ 5HI $$

5HI
9LGUR%UDQFR 9LGUR$PDUHOR

7LSR 7LSR
/DUJXUD
$OWXUD
3URIXQGLGDGH
'LPHQV}HV PP 9LGUR
/kPSDGD

+ 9 9LGUR5HFWDQJXODU
3. 9 SDUD )DUyLV/RQJR$OFDQFH
6 9 %UDQFR
H[FHSWRRQGHPHQFLRQDGDVFRPRWDO
$VPDUFDVHQ~PHURVRULJLQDLVVHUYHPDSHQDVFRPRUHIHUrQFLDH[FHSWRRQGHPHQFLRQDGDVFRPRWDO

$ 5HI $

$ 5HI
5HI
$

9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR$PDUHOR
$PDUHOR

/kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP

+ /DUJXUD + /DUJXUD
3. $OWXUD 3. $OWXUD
6 3URIXQGLGDGH 6 3URIXQGLGDGH

6,0325$/ 6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV/'$
6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV
5XD9LFWRU+XJR±
±%& 7HO
2XW

ZZZVLPSRUDOSW /RMD /LVERD² 32578*$/ )D[HPDLOLQIR#VLPSRUDOSW

/RMD
5XD$OPLUDQWH*DJR&RXWLQKR
3Ï92$'(6$172$'5,­2
3Ï92$'(6$172$'5,­2
7HO )D[
HPDLOVLPSRUDOSRYRD#VLPSRUDOSW

 )DUyLVGH 1HYRHLUR 5HFWDQJXODUHV
9 $UR $ $
$ $ 5HI
5HI
3UHWR $ $
$ $
5HI
9 $UR $
&URPDGR $

7LSR
7LSR
7LSR

9 &RUGR9LGUR$PDUHOR
&RUGR9LGUR
9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR%UDQFR
9 $UR &URPDGR
9 9LGUR$
'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD

/DUJXUD + /DUJXUD + /DUJXUD +

$OWXUD 3. $OWXUD 3. $OWXUD 3.
3URIXQGLGDGH 6 3URIXQGLGDGH 6 3URIXQGLGDGH 6

$$ 5HI $$ 5HI

9 &RUGR9LGUR%UDQFR
/DUJXUD /DUJXUD
$OWXUD $OWXUD
3URIXQGLGDGH 3URIXQGLGDGH

'LPHQV}HV PP 'LPHQV}HV PP
/kPSDGD /kPSDGD

+ +
3. 3.
6 9 &RUGR9LGUR%UDQFR 6
7LSR

H[FHSWRRQGHPHQFLRQDGDVFRPRWDO
$VPDUFDVHQ~PHURVRULJLQDLVVHUYHPDSHQDVFRPRUHIHUrQFLDH[FHSWRRQGHPHQFLRQDGDVFRPRWDO
$ 5 5HI 9 $UR 16& 5HI
5HI
$ &URPDGR 16
9 $UR 163
&LQ]D3pUROD

 8QL
ÏSWLFD 5
ÏSWLFD
ÏSWLFD $
9 &RUGR9LGUR%UDQFR
&RUGR9LGUR
9 &RUGR9LGUR%UDQFR 9 &DPLmR 9 &RUGR9LGUR%UDQFR
9 16 XQLGDGH
'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD

/DUJXUD + /DUJXUD + /DUJXUD +

$OWXUD 3. $OWXUD 3. $OWXUD 3.
3URIXQGLGDGH  6 3URIXQGLGDGH 6 3URIXQGLGDGH 6

6,0325$/ 6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV/'$
2XW 5XD9LFWRU+XJR±%& 7HO
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)D[HPDLOLQIR#VLPSRUDOSW ZZZVLPSRUDOSW
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5XD$OPLUDQWH*DJR&RXWLQKR
3Ï92$'(6$172$'5,­2
7HO )D[
HPDLOVLPSRUDOSRYRD#VLPSRUDOSW
PDLOVLPSRUDOSRYRD#VLPSRUDOSW
 )DUyLVGH 1HYRHLUR 5HFWDQJXODUHV 
5HI 16$=8/ 5HI 16$=8/
$=8/ 5HI $

/X]$]XO /X]$]XO

7LSR
9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR%UDQFR
%UDQFR

/kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP

9LGUR
+ /DUJXUD + /DUJXUD
3. $OWXUD 3. $OWXUD 9 9LGUR5HFWDQJXODU
6 3URIXQGLGDGH 6 3URIXQGLGDGH 9 SDUD )DUyLV1HYRHLUR
9 %UDQFR

)DUyLVGH 1HYRHLUR 5HGRQGRV

5HI $$ 5HI $

'LkPHWUR 'LkPHWUR
$OWXUD $OWXUD
3URIXQGLGDGH 3URIXQGLGDGH

'LPHQV}HV PP 'LPHQV}HV PP
/kPSDGD /kPSDGD

+ 7LSR + 7LSR
3. 3.
H[FHSWRRQGHPHQFLRQDGDVFRPRWDO
$VPDUFDVHQ~PHURVRULJLQDLVVHUYHPDSHQDVFRPRUHIHUrQFLDH[FHSWRRQGHPHQFLRQDGDVFRPRWDO

6 6
9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR$PDUHOR

5HI 16$=8/ 5HI $

$ 5HI 16
$
$

/X]$]XO

7LSR
7LSR
$YLmR

9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR%UDQFR
%UDQFR 9 &RUGR9LGUR%UDQFR

/kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP

+ 'LkPHWUR + 'LkPHWUR + 'LkPHWUR

3. 3URIXQGLGDGH 3. $OWXUD 3. 3URIXQGLGDGH
6 6 3URIXQGLGDGH 6

6,0325$/ 6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV/'$
6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV
5XD9LFWRU+XJR±
±%& 7HO
2XW

ZZZVLPSRUDOSW /RMD /LVERD² 32578*$/ )D[HPDLOLQIR#VLPSRUDOSW

/RMD
5XD$OPLUDQWH*DJR&RXWLQKR
3Ï92$'(6$172$'5,­2
3Ï92$'(6$172$'5,­2
7HO )D[
HPDLOVLPSRUDOSRYRD#VLPSRUDOSW

 )DUyLVGH 1HYRHLUR 2YDLV
$ 16
16$=8/ 5HI 16$=8/ 5HI
5HI
$

/X]$]XO
/X]$]XO

9 &RUGR9LGUR%UDQFR 9 &RUGR9LGUR%UDQFR
&RUGR9LGUR 9 &RUGR9LGUR%UDQFR

'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD 'LPHQV}HV PP /kPSDGD

/DUJXUD + /DUJXUD + /DUJXUD +

$OWXUD 3. $OWXUD 3. $OWXUD 3.
3URIXQGLGDGH 6 3URIXQGLGDGH 6 3URIXQGLGDGH 6

16$=8/ 5HI 16$=8/ 5HI

/X]$]XO
/X]$]XO
/DUJXUD /DUJXUD
$OWXUD $OWXUD
3URIXQGLGDGH 3URIXQGLGDGH

'LPHQV}HV PP 'LPHQV}HV PP
/kPSDGD /kPSDGD

+ +
3. 3.
9 &RUGR9LGUR%UDQFR 6 6
9 &RUGR9LGUR%UDQFR

H[FHSWRRQGHPHQFLRQDGDVFRPRWDO
$VPDUFDVHQ~PHURVRULJLQDLVVHUYHPDSHQDVFRPRUHIHUrQFLDH[FHSWRRQGHPHQFLRQDGDVFRPRWDO
5HI 16 5HI 5HI

9 &RUGR9LGUR%UDQFR
&RUGR9LGUR

'LPHQV}HV PP /kPSDGD

/DUJXUD +
$OWXUD 3.
3URIXQGLGDGH 6

6,0325$/ 6RFLHGDGH,PSRUWDGRUDGH3HoDVSDUD$XWRPyYHLV/'$
2XW 5XD9LFWRU+XJR±%& 7HO
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)D[HPDLOLQIR#VLPSRUDOSW ZZZVLPSRUDOSW
 /RMD
5XD$OPLUDQWH*DJR&RXWLQKR
3Ï92$'(6$172$'5,­2
7HO )D[
HPDLOVLPSRUDOSRYRD#VLPSRUDOSW
PDLOVLPSRUDOSRYRD#VLPSRUDOSW