: 1( ) 5( ) 5.,... 1. : (Schroder International Selection Fund) 2. () : ( ) (Schroder Investment Management (Luxembourg) S.A.) 3. :. (www.kofia.or.kr). 4. : 2014. 2. 27. 5. : 2014. 2. 27. 6. () : / () : 7. () () : ( ). 8... : : : ( ) http://dart.fss.or.kr ( ) http://dart.fss.or.kr www.kofia.or.kr 9. :..
. 1.. 2.,. 3.,. 4.. 5.. 6.,,, ( ). 7.,. 8.. 9.,..
( )...,,,,,,,.,,....,.,,.,..,,, (i) Schroders (,, ), (ii).. Schroders Schroders.,. Schroders, Schroders 3.,.....,.,.,.,,. 5 rue Höhenhof L-1736 Senningerberg, Grand Duchy of Luxembourg Schroder Investment Management (Luxembourg) S.A. (: (+352) 341 342 202, : (+352) 341 342 342).
1... 1 1.... 1 2.... 5 3.... 6 4.... 6 5.... 9 6.... 9 2... 10 1.... 10 2.... 10 3.... 10 4.... 10 5.... 10 6.... 11 7.... 13 8.... 14 9.,... 23 10.... 41 11.,,... 51 12.... 56 13.... 59 14.... 88 15.... 90 3... 91 1.... 91 2.... 91 3.... 122 4.... 122 4... 124 1.... 124 2.... 125 3. ()... 128 4.... 129 5.... 129 6.... 129 5... 130 1.... 130 2.... 132 3.... 132 4.... 133 5.... 133 6.... 141 [ 1]... 164 [ 2] - ( )... 166 [ 3],,... 171 [ 4]... 180
1 1. KRF603000018 00001 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) A Acc KRF603013441 01344 A1 Acc KRF603013854 01385 B Acc KRF603013466 01346 I Acc KRF603038653 03865 A Acc KRF603012922 01292 A1 Acc KRF603013656 01365 B Acc KRF603012948 01294 A Acc KRF603013045 01304 A1 Acc KRF603013714 01371 B Acc KRF603013060 01306 A Acc KRF603014431 01443 A1 Acc KRF603014472 01447 B Acc KRF603014456 01445 A Acc KRF603013128 01312 A1 Acc KRF603013771 01377 B Acc KRF603013144 01314 A Acc KRF603013169 01316 A1 Acc KRF603013797 01379 B Acc KRF603013185 01318 I Acc KRF603034199 03419 A Acc KRF603013243 01324 A1 Acc KRF603013870 01387 B Acc KRF603013268 01326 A Acc KRF603013474 01347 A1 Acc KRF603013888 01388 B Acc KRF603013482 01348 A Acc KRF603014258 01425 A1 Acc KRF603014290 01429 B Acc KRF603014274 01427 A Acc KRF603014852 01485 A1 Acc KRF603014894 01489 B Acc KRF603014878 01487 A Acc KRF603022483 02248 A1 Acc KRF603022491 02249 B Acc KRF603022509 02250 A Acc KRF603031062 03106 A1 Acc KRF603031070 03107 B Acc KRF603031088 03108 C Acc KRF603031096 03109 I Acc KRF603031104 03110 A Acc KRF603014555 01455 A1 Acc KRF603014571 01457 B Acc KRF603014597 01459 ( ) A Acc KRF603016717 01671 A Acc KRF603014613 01461 A1 Acc KRF603014654 01465 B Acc KRF603014639 01463 A Acc KRF603014191 01419 A1 Acc KRF603014233 01423 B Acc KRF603014217 01421-1 -
A Acc KRF603013508 01350 (16) A1 Acc KRF603013524 01352 B Acc KRF603013904 01390 A Acc KRF603013300 01330 (17) A1 Acc KRF603013615 01361 B Acc KRF603013326 01332 A Acc KRF603015123 01512 (18) A1 Acc KRF603015164 01516 B Acc KRF603015149 01514 A Acc KRF603013003 01300 (19) A1 Acc KRF603013698 01369 B Acc KRF603013029 01302 A Acc KRF603013086 01308 (20) A1 Acc KRF603013730 01373 B Acc KRF603013102 01310 A Acc KRF603035154 03515 A1 Acc KRF603035162 03516 (21) B Acc KRF603035170 03517 C Acc KRF603035188 03518 I Acc KRF603035196 03519 (22) I Acc KRF603024539 02453 A Acc KRF603015008 01500 (23) A1 Acc KRF603015016 01501 B Acc KRF603015172 01517 A Acc KRF603015032 01503 (24) A1 Acc KRF603015073 01507 B Acc KRF603015057 01505 A Acc KRF603014795 01479 (25) A1 Acc KRF603014837 01483 B Acc KRF603014811 01481 A Acc KRF603014670 01467 (26) A1 Acc KRF603014712 01471 B Acc KRF603014696 01469 A Acc KRF603014498 01449 A1 Acc KRF603014530 01453 (27) B Acc KRF603014514 01451 C Acc KRF603034447 03444 I Acc KRF603034454 03445 A Acc KRF603024570 02457 (28) C Acc KRF603024588 02458 I Acc KRF603024596 02459 A Acc KRF603013987 01398 (29) A1 Acc KRF603014142 01414 B Acc KRF603014001 01400 A Acc KRF603014068 01406 (30) A1 Acc KRF603014100 01410 B Acc KRF603014084 01408 A Acc KRF603014738 01473 (31) A1 Acc KRF603014779 01477 B Acc KRF603014753 01475 (32) A Acc KRF603014977 01497 A1 Acc KRF603014993 01499 A Acc KRF603013201 01320 (33) A1 Acc KRF603013813 01381 B Acc KRF603013227 01322-2 -
A Acc KRF603013409 01340 (34) A1 Acc KRF603013839 01383 B Acc KRF603013425 01342 A Acc KRF603015081 01508 (35) A1 Acc KRF603015099 01509 B Acc KRF603015107 01510 A Acc KRF603014910 01491 (36) A1 Acc KRF603014951 01495 B Acc KRF603014936 01493 A Acc KRF603014399 01439 A1 Acc KRF603014415 01441 (37) B Acc KRF603014407 01440 C Acc KRF603038638 03863 X Acc KRF603038646 03864 (38) I Acc KRF603024521 02452 QEP A Acc KRF603014365 01436 (39) QEP A1 Acc KRF603014381 01438 QEP B Acc KRF603014373 01437 QEP A Acc KRF603034207 03420 (40) QEP A1 Acc KRF603034215 03421 QEP C Acc KRF603034223 03422 QEP I Acc KRF603034231 03423 QEP A Acc KRF603024604 02460 QEP A1 Acc KRF603024612 02461 (41) QEP B Acc KRF603024620 02462 QEP C Acc KRF603024638 02463 QEP I Acc KRF603024646 02464 A Acc KRF603034249 03424 A1 Acc KRF603034256 03425 (42) B Acc KRF603034264 03426 C Acc KRF603034272 03427 I Acc KRF603034280 03428 A Acc KRF603013276 01327 (43) A1 Acc KRF603013599 01359 B Acc KRF603013284 01328 (EUR) A Acc KRF603013532 01353 (44) (EUR) A1 Acc KRF603013912 01391 (EUR) B Acc KRF603013540 01354 A Acc KRF603013334 01333 (45) A1 Acc KRF603013623 01362 B Acc KRF603013342 01334 A Acc KRF603012955 01295 (46) A1 Acc KRF603013631 01363 B Acc KRF603012963 01296 A Acc KRF603012898 01289 (47) A1 Acc KRF603013664 01366 B Acc KRF603012906 01290 A Acc KRF603012971 01297 (48) A1 Acc KRF603013672 01367 B Acc KRF603012989 01298 A Acc KRF603013359 01335 (49) A1 Acc KRF603013748 01374 B Acc KRF603013367 01336 A Acc KRF603014159 01415 (50) A1 Acc KRF603014167 01416 B Acc KRF603014175 01417-3 -
(51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) A Acc KRF603014035 01403 A1 Acc KRF603014126 01412 B Acc KRF603014043 01404 A Acc KRF603037515 03751 A1 Acc KRF603037523 03752 B Acc KRF603037622 03762 C Acc KRF603037614 03761 I Acc KRF603037630 03763 A Acc KRF603013557 01355 A1 Acc KRF603013920 01392 B Acc KRF603013565 01356 A Acc KRF603034298 03429 A1 Acc KRF603034306 03430 B Acc KRF603034314 03431 C Acc KRF603034322 03432 I Acc KRF603034330 03433 A Acc KRF603034348 03434 A1 Acc KRF603034355 03435 B Acc KRF603034363 03436 C Acc KRF603034371 03437 I Acc KRF603034389 03438 A Acc KRF603034397 03439 A1 Acc KRF603034405 03440 B Acc KRF603034413 03441 C Acc KRF603034421 03442 I Acc KRF603034439 03443 A Acc KRF603022459 02245 A1 Acc KRF603022467 02246 B Acc KRF603022475 02247 C Acc KRF603042176 04217 I Acc KRF603042523 04252 A Acc KRF603013375 01337 A1 Acc KRF603013755 01375 B Acc KRF603013383 01338 C Acc KRF603034462 03446 I Acc KRF603034470 03447 A Acc KRF603022426 02242 A1 Acc KRF603022434 02243 B Acc KRF603022442 02244 A Acc KRF603031005 03100 A1 Acc KRF603031013 03101 B Acc KRF603031021 03102 C Acc KRF603031039 03103 I Acc KRF603031047 03104 C Dis KRF603031054 03105 A Acc KRF603014308 01430 A1 Acc KRF603014324 01432 B Acc KRF603014316 01431 C Acc KRF603038661 03866 A Acc KRF603037564 03756 A1 Acc KRF603037572 03757 B Acc KRF603037580 03758 C Acc KRF603037598 03759 I Acc KRF603037606 03760-4 -
(63) (64) (65) (66) RMB A Acc KRF603038570 03857 RMB A1 Acc KRF603038588 03858 RMB B Acc KRF603038596 03859 RMB C Acc KRF603038604 03860 RMB I Acc KRF603038612 03861 A Acc KRF603014332 01433 A1 Acc KRF603014357 01435 B Acc KRF603014340 01434 A Acc KRF603013953 01395 A1 Acc KRF603013946 01394 B Acc KRF603013961 01396 A Acc KRF603022392 02239 A1 Acc KRF603022400 02240 B Acc KRF603022418 02241 2. (,, ), (, ),,. ( ).. 2... ( A, A1, B, C, I, X ),,,., C,,,,, QEP, QEP,,,,,,,,,, RMB, I,,,,,,,, QEP, QEP,,,,,,,,, RMB. X. 1). 4. 2), 2. - 5 -
3. :. 4. (1) :. (2) :.,,,,,,,,,,, ( ),,. ( ) 3 ( ).,. ( ) 3 ( ). ().. 9 3..,..,, ( ),,. ( ) 3 ( ).,. ( ) 3 ( ). ().. 9 3..,.. - 6 -
( ),,. ( ) 3 ( ).,. ( ) 3 ( ). ()....,..,. ( ) 3 ( ).,. ( ) 3 ( )... 9 2 30..,..,,,,,,,,,,,,,,,, ( ),. ( ) 3 ( 5, 5. ).,..,,. - 7 -
,,,,,,,,,,,, ( )......,.,.... 2.,,...,...,,...,... (T+1) 2.. - 8 -
,,,, 3. ) () 2,,. 5. 6... ),,,. - 9 -
2 1. 1. 2. 2010 1 SICAV (umbrella). 1968 12 5, 1968 12 16 Mémorial. 2011 10 11. B-8202,.. 3.., 1. 1),,. 2) () (), 5. 4. () () ( ) (Schroder Investment Management (Luxembourg) S.A.) (Schroder Investment Management Limited)( SIML ) () (Schroder Investment Management (Hong Kong) Limited)( SIMHK ) () (Schroder Investment Management (Japan) Limited)( SIM Japan ) () (Schroder Investment Management (Singapore) Limited)( SIM Singapore ) (Schroder Investment Management North America Inc.)( SIM NA ) (Schroder Investment Management Brasil DTVM S.A.)( SIM Brazil ) ( ) (Schroder Investment Management (Switzerland) AG)( SIMSAG ),., J.P. Morgan Bank (Luxembourg) S.A., Schroders.,. 3. 3 3,. 3. ) 4. 5. 5 6.. - 10 -
6. ( SICAV )...,. / 1,, ( )...,.,...... A A1 B C I X - : 5.00% ( 5.26315% ) - : 5.00% ( 5.26315% ), (EUR) 4.00% ( 4.16667% ) -- : 3.00% ( 3.09278% ) : 3.00% ( 3.09278% ) : : 3.00% ( 3.09278% ) - : 4.00% ( 4.16667% ) - : 4.00% ( 4.16667% ), (EUR) 3.00% ( 3.09278% ) - : 2.00% ( 2.04081% ) - : 3.00% ( 3.09278% ) - : - : 2.00% ( 2.04081% ) - : 1.00% ( 1.0101% ) - :., - 11 -
A A1 * 0.5%., 0.1% B ** C I X - : 0.6% - : 0.5%. - : 0.5%., 0.1% - : 0.1% - : 0.5% - : 0.6% (EUR) 0.5% * A1. ** B.. ) 3..., A, A1, B A, A1, B EUR 1,000 1,000. A, A1, B EUR 1,000 1,000. A, A1, B EUR 1,000 1,000. A, A1, B. C C EUR 500,000 500,000. C EUR 250,000 250,000. C EUR 500,000 500,000. C. ), 3. A1, A1,. I : (A) (B) Schroders 2010 174 CSSF - 12 -
I EUR 5,000,000, 5,000,000. I EUR 2,500,000, 2,500,000. I EUR5,000,000, 5,000,000. I. I I. I. I ( ). 2,,. I Schroders Schroders I. I. X 2010 174 CSSF. X X. X. X ( ). 2,,. X. X EUR 25,000,000. X EUR 12,500,000. X EUR25,000,000. X. 1).,. 2) 4. 7.,., 2. 2 2. ). - 13 -
8.., 2...,,.. 1.(D). 1. (A) : (i) (ii) (transferable securities) (money market instruments) EU (iii) EU (iv) : -, - 1 (v) UCITS / UCI(EU ), UCI ; - UCIs CSSF EU, - UCIs UCITS, (asset segregation),,, (uncovered) UCITS IV, -,, UCIs, - UCITS UCI UCITS UCI 10% (vi) 12, EU non-eu CSSF EU (prudent rules) - 14 -
(vii) ( (equivalent cash settled instruments) / ( ) ): - (underlying) 1. (A),, - (prudential supervision), CSSF -, (offsetting transaction), /, (viii), ( ): -, EU,, EU, EU, (Federal State), EU, -., - EU (prudential supervision) - CSSF.,, EUR 10,000,000, 4 Directive 78/660/EEC, (1 ) (banking liquidity line). (ix) (x) (i) (iv) (viii) 10% 1. 2010 (i) ( ) ( ), (ii) (iii). 85%. 15%. (a) (b) (B) (iii) (b) : 1 2012 11 23 10% (v) UCI. (v) UCI 2013 12 31. UCI. - 15 -
(i) (ii). (B) (ancillary liquid asset). (ancillary liquid asset). (C) (i) ( ) 10%. 20%. 1. (A) (vi) 10%, 5%. (ii) 5%, 40%.. (C) (i), 20%. - - / - (iii) (C)(i) 10% EU,, EU 35%. (iv) (C)(i) 10% EU, 25%., (liabilities) (cover). 5%, 80%. (v) (C) (C)(iv) (C)(ii) 40%. (C) (i), (ii), (iii), (iv), (C) (i), (ii), (iii), (iv), 35%. Directive 83/349/ECC (C). 20%. - 16 -
(vi) CSSF (replicate), (D) (C) / 20%. : - - -. (vi) 35%.. (vii) EU,,, EU 100%., 6, 30%. 6 (C). (D) (i). (ii) (i) 10%, (ii) 10% / (iii) 10% / (iv) 25%. (ii), (iii) (iv). (D) (i) (ii) : (i) (ii) (iii) (iv) EU, EU EU, EU 2010 43, 46, 48 1 2, (E) 2 UCITS UCIs 10%., (EUR), Multi-Manager Funds, feeder-master feeder 10% (feeder ) : (i) 10% UCITS / UCI UCITS UCI 20%. UCITS UCI 30%. (ii) 10% / UCITS / UCIs, UCITS / UCIs. - 17 -
UCITS / UCI,. UCITS UCI. (iii) (iv) UCITS / UCI 25%.,. UCITS / UCI, UCITS / UCI. UCITS UCIs (underlying investments) 1. (C). (F) ( ) ( ),,.,, 1915 8 10 ( ).,. (a) (b) (c) (d) (e). 10%., (, )., 2010. /. 2. (A) (commodities)..,. (B),,.,,. (C) 1. (A) (v), (vii), (viii), (uncovered sales). (D) (E) 10%., back to back loan. (D),,, 10%.,,,,. (F) (sub-underwrite). (G). 3. 1. (A) (vii). - 18 -
(global risk exposure). (overall risk exposure) 200%., ( 2. (D) ) 10% 210%. (global exposure),,, (liquidate).. 1. (A) (vii) 1. (C) (v), 1. (C) (i) (vii). 1. (C) (i) (vii) 2, 1. (C).,,,,,.. (embed),. (backed) (embed)...,,,,....., (global exposure). (global exposure) Value-at-Risk (VaR) 2. (Global Exposure). /. VaR VaR. 1 99% 1 (250 ),.. (stress testing) 1. VaR. ETF UCITS ESMA 2013 2 18 ( CSSF 08/356 ) 2014 2 18. - 19 -
VaR VaR,. VaR. VaR 20%, 1 99%. VaR VaR VaR. VaR VaR. VaR VaR VaR 2, VaR 2. 4. (techniques) (instruments) (techniques) (instruments)( / )., (optional)/(non-optional) /(optional or non-optional repurchase or reverse repurchase agreement). /., (ETF) ESMA CSSF 13/559 UCITS. EU CSSF.. 3,... / EU CSSF /... 2 2013 2 18 ( CSSF 08/356 ) 2014 2 18. - 20 -
7 /. 2 /. 4 1(C).. (A) (pre-sale valuation) (multilateral trading facility). 1(D). (B), (haircut). (C). (D). (E),,. 20%. 20%. (F) (title transfer). 3. (G). (H),. (I) : 1(A)(6) ESMA.. 2013 2 18 ( CSSF 08/356 ) 2014 2 18., 2013 2 18. - 21 -
(haircut) ( ): 100% 1 98% 1 5 97% 5 10 95% 10 30 93% 30 40 90% 40 50 87%, CSSF (Circular) 08/356 (a) AAA, (b), (c), (d),,, EU,,,,,,, (e) (f),,, EU,,,,,,.. 5. (positions), (risk profile) (monitor) (measure).,,. (quantitative limits),. VaR.. 6. A. 3. 1.(A) (i), (ii), (iii), (iv),. B. (subscription rights).. C.,,,,., (at arm s length) (normal commercial terms),. - 22 -
(i) (certified valuation) ; (ii) (on best terms)., (i) (ii) (iii) (at arm s length) (normal commercial terms ). D... E. (i), 10%. (ii) 30% 229 1. 9.,...,. : (A),,,, (Primarily),,,, ( ) 2/3. 397,. ( ) 1/3,,,., ( ),,. (B) (Alpha).,,. - 23 -
(C) (Quantitative Equity Funds) top down ( ).,,. (D) (Absolute Return Funds) 12 () ( 0 ). ( ) ( ) (shorting on a covered basis) /.,. (E) (plan d'epargne en Action, PEA),, 75%. (F). 2. (ADRs) (GDRs). (G) (Value-at-Risk)(VaR).. VaR.. (i) (ii).. (i) ( ) (ii)... (netting). /. & (short-dated & long-dated assets).. (H) (i), (ii), (iii), (iv), / (v) 2008 2 8 (Grand Ducal Regulation of 8 February 2008) UCITS UCI (commodities). - 24 -
.,,,. 1.(v) UCI 2 1. A(ix) 10%. (I) (Alternative Asset Classes),, (private equity),,, (Alternative Investment Funds).,, (i), (ii) (iii) 2008 2 8 (Grand Ducal Regulation of 8 February 2008) UCITS UCI. (commodities) (i), (ii), (iii), (iv) 2008 2 8 (Grand Ducal Regulation of 8 February 2008) UCITS UCI (v) 2008 2 8 9 ETF UCITS ESMA CSSF 13/559 5. (Alternative Investment Funds) / (long/short). (event driven), (tactical trading), (relative value). (i), (ii) (iii) 2008 2 8 (Grand Ducal Regulation of 8 February 2008) UCITS UCI. ( ). 10%. 2 3.. (*)..., 4. ( )..,.,.. ETF UCITS ESMA 2013 2 18 ( CSSF 08/356 ) 2014 2 18. - 25 -
. ( ). QEP....,,.,. ( ).,,,......,,.,..... - 26 -
..,,,, /,, (contract for difference),,,..,,. 2. : (Asian Opportunities) :. : Schroder Investment Management (Singapore) Limited : : (EURO Equity) : (EMU). : Schroder Investment Management Limited : : (European Large Cap) :. 80%. : Schroder Investment Management Limited : : (Global Equity) :. : Schroder Investment Management Limited : : (Italian Equity) :. : Schroder Investment Management Limited : : (Japanese Equity) :. : Schroder Investment Management (Japan) Limited : : (UK Equity) :. : Schroder Investment Management Limited : - 27 -
: (US Large Cap) :. 85%. : Schroder Investment Management North America Inc. :..,,,, /,, (contract for difference),,,..,,. 2. : (Asian Equity Yield) :. : Schroder Investment Management (Singapore) Limited : : (Asia Pacific Property Securities) :. : Schroder Investment Management (Hong Kong) Limited : : (Asian Total Return) : (income).. :.. : 2.. : Schroder Investment Management (Singapore) Limited : : (Brazilian Equity)* :. : Schroder Investment Management Brasil DTVM S.A. : * 2014 4 9. - 28 -
: (BRIC(Brazil, Russia, India, China)) :,,. : Schroder Investment Management Limited : : (China Opportunities) : /. : Schroder Investment Management (Hong Kong) Limited : : (Emerging Asia) :. : Schroder Investment Management (Hong Kong) Limited : : (Emerging Europe) :.. : Schroder Investment Management Limited : : (Emerging Markets) :. : Schroder Investment Management Limited : : (European Dividend Maximiser) :.,,.,.,. :.. : Schroder Investment Management Limited : : (European Equity Yield) :. : Schroder Investment Management Limited : : (European Smaller Companies) : 30%. : Schroder Investment Management Limited : - 29 -
: (European Total Return) :.. 100%. :., 100%. /,, (contracts for difference). : Schroder Investment Management Limited : : (Frontier Markets Equity) :. : MSCI Frontier Markets Index. : Schroder Investment Management Limited : : (Global Climate Change Equity) :. : Schroder Investment Management Limited : : (Global Dividend Maximiser) :.,,,.,. :.. : Schroder Investment Management Limited : : (Global Emerging Market Opportunities) :. :. (fixed income securities). : Schroder Investment Management Limited : : (Global Energy) :. : Schroder Investment Management Limited : : (Global Equity Yield) :. : Schroder Investment Management Limited : - 30 -
: (Global Resources Equity)* : (commodities), (exposure). :,.. : Schroder Investment Management Limited : * 2014 2 26. : (Greater China) :,. : Schroder Investment Management (Hong Kong) Limited : : (Hong Kong Equity) :. : Schroder Investment Management (Hong Kong) Limited : : (Indian Equity) :. : Schroder Investment Management (Singapore) Limited : : (Japanese Opportunities) :. :. (,,, )... : Schroder Investment Management (Japan) Limited : : (Japanese Smaller Companies) : 30%. : Schroder Investment Management (Japan) Limited : : (Latin American) :. : Schroder Investment Management Limited : : (Middle East) :.. : Schroder Investment Management Limited : : (Taiwanese Equity) :. : Schroder Investment Management (Hong Kong) Limited : - 31 -
: (US Small & Mid Cap Equity) :. 40%. : Schroder Investment Management North America Inc. :..,,,, /,, (contract for difference),,,..,,. 2. : (Japanese Equity Alpha) :.. : Schroder Investment Management (Japan) Limited : (Quantitative Equity Funds)..,,,, /,, (contract for difference),,,.,,. 2. : QEP (QEP Global Active Value) :. : Schroder Investment Management Limited : - 32 -
: QEP (QEP Global Emerging Markets) :. :. ((value style biased and quality style biased companies). : Schroder Investment Management Limited : : QEP ( :.. : Schroder Investment Management Limited : (Multi-Asset Funds)..,,, /,,,,.,,. 2. : (Global Multi Asset Income) (2014 2 3 (Conservative Portfolio) ) : (,, ) (income). :,, (,,, )( ), ( ), ((ETF), REIT / ). 10%. 20%. /.. : (income). : Schroder Investment Management Limited : - 33 -
: (EUR) : 3-5. :, (fixed income instrynmenbt),,, (ETF),,,. ( ),. ( ) : ( ). : Schroder Investment Management Limited : (Absolute Return Funds),, (liquidities) / UCI..,,,.. /,,,,..,,. 2. : (Asian Bond Absolute Return) :,, (income). /. : (global risk exposure) VaR. : 150%.,. : Schroder Investment Management (Singapore) Limited : : (Emerging Markets Debt Absolute Return) :,,. : Schroder Investment Management Limited : - 34 -
..,,,.. /,,,,..,,. 2. : (EURO Bond) :,,. /. : (global risk exposure) VaR. VaR : Barclays Capital EURO Aggregate index.. : 200%.,. : Schroder Investment Management Limited : : (EURO Short Term Bond) :,,. 3, 5. /. : (global risk exposure) VaR. VaR : Citigroup 1-3 EURO Government Bond Index TR. 1-3. : 150%.,. : Schroder Investment Management Limited : : (EURO Government Bond) :,.. : (global risk exposure) VaR. VaR : Bank of America Merrill Lynch Euro Government Index.. : 150%.,. : Schroder Investment Management Limited : - 35 -
: (Global Bond) :,, ( ).., 20% (Standard&Poor s, ). : (global risk exposure) VaR. VaR : Barclays Capital Global Aggregate Bond Index. USD. : 400%.,. : Schroder Investment Management Limited : : (Global Inflation Linked Bond) :,,. /. : (global risk exposure) VaR. VaR : Bank of America Merrill Lynch Global Inflation-Linked Government EUR hedged Index. EUR. : 150%.,. : Schroder Investment Management Limited : : (Hong Kong Dollar Bond) :,,. : Schroder Investment Management (Hong Kong) Limited :..,,,.. /,,,,..,,. 2. - 36 -
: (Asian Local Currency Bond) : (fixed incocme) (income). /. : ( ),,. : (global risk exposure) VaR. VaR : HSBC Asian Local Bond Index. ( ). ALBI,,,,,,,,. : 150%.,. : Schroder Investment Management (Singapore) Limited : : (EURO Corporate Bond) :,,. 20%. : (global risk exposure) VaR. VaR : Bank of America Merrill Lynch EMU Corporate index.. : 150%.,. : Schroder Investment Management Limited : : (Global Corporate Bond) :,,. 20%. : (global risk exposure) VaR. VaR : Barclays Capital Global Aggregate Credit Component USD hedged Index. USD (fixed income).. : 200%.,. : Schroder Investment Management North America Inc. : : (Global High Income Bond) :,,. :,.. 20%. : Schroder Investment Management North America Inc. : : (Global High Yield) :,,. 70% (Standard & Poor s, ). : (global risk exposure) VaR. VaR : Barclays Capital Global High Yield ex CMBS ex EMG 2% Cap Index USD hedged. USD ( 2%) CMBS. - 37 -
: 100%.,. : Schroder Investment Management North America Inc. : : (Global Unconstrained Bond) :. :,,,,, (,,, ).,, /.,,. /.. 100%. : (global risk exposure) VaR : 500%.,. : Schroder Investment Management Limited : : (Strategic Bond) :,, ( ). /.. : (global risk exposure) VaR. : 900%. (,, / ). ( ),.. ( ). /.,. : Schroder Investment Management Limited : ( )..,,,.. /,,,,..,,. 2. - 38 -
: (Emerging Market Bond) :. :,, ( ). 20%. : Schroder Investment Management North America Inc. : : (Emerging Market Corporate Bond) :. :,, ( ). 20%. 20%. : Schroder Investment Management (Singapore) Limited : : (Emerging Market Local Currency Bond) :. :,, ( ). 20%. : Schroder Investment Management North America Inc. : : (Global Convertible Bond) 6 : (,, ).,. : Schroder Investment Management (Switzerland) AG(2013 11 29 Fisch Asset Management AG Schroder Investment Management (Switzerland) AG ) : : (Global Credit Duration Hedged) : (credit) (credit related instruments),..,,. :. (protection buyer)..,,. : (credit derivative instruments).,. : (global risk exposure) VaR. : 300%.,. : Schroder Investment Management North America Inc. :.. - 39 -
: RMB (RMB Fixed Income) : (RMB). : (RMB),,,.,,. RMB RMB. (notes), (certificate), (instruments)( ),. 35%. 35% 10% ( 2 1. A(ix) ). (China Securities Regulatory Commission) RQFII QFII (, 2 1. A(ix) ). RMB,,. : RMB. RMB RMB. 2005 RMB. RMB. RMB. RMB. RMB. RMB RMB., RMB RMB...,,.... : Schroder Investment Management (Hong Kong) Limited : RMB... 2. CESR( ESMA) 10-049.. : (EURO Liquidity) :,. (i) (financial instruments) 12, (ii). : Schroder Investment Management Limited : - 40 -
(Currency Fund) (global purchasing power).. 2..,.. : (Global Managed Currency) : /. :,. (i) (financial instruments) 12, (ii).,,,. : Schroder Investment Management Limited :. :. :. : /. :. 10. ),..,.., ( ). - 41 -
..... EU..,... ( 2 )..,...,........, 1..,....,.. /...,. - 42 -
. (Warrant),,.,.,.. (),. (, ).......,,,,,,.. (leveraged) (geared)......,,..,.,,. (Credit Linked Notes)., ( ).,.,..,.. (Equity Linked Notes),..,.,...,. ( ).,,. - 43 -
(instrument) (instrument). (instrument) (instrument), (dealer mark-up).,,.,.,..., 10%, 5%..,...,.,.. /....,,,.,..,.,..,..,.,,.... - 44 -
:,,,,, (zoning law),,,,,,,.... (collateralised mortgage obligations) stripped MBS (MBS) (mortgage loan).,,,......,. ( ) (subprime), ( ).,..... ( ) ;..,..,. ( ).,.. 1933 Rule 144A SEC Rule 144A 1933., Rule 144A.,, Rule 144A.,. :,,,.,,,,,,.. - 45 -
,..,..,,.. ( ).,. (National Settlement Depository, NSD ). NSD ( CSD ), CSD. NSD., NSD.. NDS,. (reconciliations).. :,,,,,,,.,,.... (optional) (forward)..,.., (settle)., 3,.,,.,,,. Schroders Schroders. Schroders,,. - 46 -
. Schroders.,.,, /.,. ( 5 ).,,.. white funds black funds (lump sum). (income). (income). white funds. black funds.. - 47 -
. 1),. 2).. ( ) ( ) (KIID) ( ) (1) 1 SIM Singapore 7 (2) 1 SIML 6 (3) 1 SIML 6 (4) 1 SIML 6 (5) 1 SIML 6 (6) 1 SIM Japan 7 (7) 1 SIML 6 (8) 1 SIM NA 6 (9) 1 SIM Singapore 6 (10) 1 SIML 7 (11) 1 SIM Singapore 6 (12) 1 SIM Brazil 7 (13) 1 SIML 7 (14) 1 SIMHK 7 (15) 1 SIMHK 7 (16) 1 SIML 7 (17) 1 SIML 7 (18) 1 SIML 6 (19) 1 SIML 6 (20) 1 SIML 6 (21) 1 SIML 6 (22) 1 SIML 7 (23) 1 SIML 7 (24) 1 SIML 6 (25) 1 SIML 7 (26) 1 SIML 7 (27) 1 SIML 6 (28) 1 SIML 7 (29) 1 SIMHK 7 (30) 1 SIMHK 7 (31) 1 SIM Singapore 7 (32) 1 SIM Japan 7 (33) 1 SIM Japan 7 (34) 1 SIML 7 (35) 1 SIML 6 (36) 1 SIMHK 7 (37) 1 SIM NA 6 (38) 1 SIM Japan 7 (39) QEP 1 SIML 6 (40) QEP 1 SIML 7 (41) QEP 1 SIML 6 (42) 1 SIML 4 (43) 3 SIM Singapore 5 (44) (EUR)* 1 SIML 6-48 -
( ) ( ) (KIID) ( ) (45) 4 SIML 4 (46) 4 SIML 3 (47) 4 SIML 2 (48) 4 SIML 3 (49) 4 SIML 4 (50) 4 SIML 4 (51) 4 SIMHK 3 (52) 2 SIM Singapore 5 (53) 4 SIML 3 (54) 2 SIM NA 4 (55) 2 SIM Singapore 4 (56) 2 SIM NA 3 (57) 3 SIMSAG 5 (58) 4 SIM NA 3 (59) 3 SIM NA 5 (60) 2 SIML 4 (61) 2 SIM NA 4 (62) 2 SIML 5 (63) RMB 2 SIMHK 4 (64) 3 SIML 5 (65) 4 SIML 1 (66) 4 SIML 4 *KIID(Key Investor Information Document) (Synthetic Risk and Reward Indicator SRRI, KIID ) 5,. ( ). KIID 1 7,. KIID : 1 2 3 4 5 6 7. (Risk Class) (Volatility Intervals) 1 0% 0.5% 2 0.5% 2% 3 2% 5% 4 5% 10% 5 10% 15% 6 15% 25% 7 25% - 49 -
( ), KIID (i), (ii),, (iii),, (iv), (v). KIID KIID UCITS, (CESR) 2010.7.1. CESR s Guidelines on the methodology for the calculation of the synthetic risk and reward indicator in the Key Investor Information Document (Ref.: CESR/10-673). * 1 2 3 4 5 60% ( 20% ) 50% ( 20% ) 50% 60% 60% (MMF) *. 1),, REITs, (BB+ ), ( ),, (ETF ). 2) (BBB- ), CP(A3 ), 3),, (A- ), CP(A2- ), 4). 5) (, ),. 6) 2. 7).,.. - 50 -
11.,,...,. 1, ( ). 1,.,.....,,....,..,.. ( )... 3..,. 5...,... 3..,..,. - 51 -
1. Schroder Investment Management (Luxembourg) S.A. http://www.schroders.lu,.... 2.. EUR100.,.. /..,,,.,.,,..,.,.....,.,,. ( 2004 11 12 )..,.,., /. /. 2009 () (UK Offshore Funds (Tax) Regulations 2009) 2009 () 6 (SI 2009/3001). - 52 -
(Equivalence Conditions) UCITS IV. (Genuine Diversity of Ownership Condition),. 2.,,. 1940 ( )( ),. 1933 ( )( ),.,.. Regulation S Rule 902 1986 (the Internal Revenue Code of 1986)( )( ). Regulation S Rule 902, (i),, (ii) ( ), ( (settlor)) ( ) 1, (iii) ( ) ( ). ( ) (participants) 4 (commodity pool) ( ) (,, ( Rule 501 (a) ) ) ( (commodity pool), ). (i), (ii), (iii), (iv) (estate), (v) (a) 1 (b) 1996 8 20... (i), (ii), (iii) " " (National Instrument 45-106 ) " " (National Instrument 31-103, ). (Management Company),. " " ". " " " ",. - 53 -
. 1 ( ). 1...,,,....,., 3,..,.,..., 3 (, 30 ).,... ( ).,., EUR10,000,000.. ( ) ( ). (availability) ( ).. 1, 1 ( )., /, : - 54 -
(A) (B).. (C) ( ). (D),...,,..,.....,. 1%... 2.,,.,.....,... 3., ( ). - 55 -
... 12.. (A) (B).,. 2., 1,.,,. 1) ( : ). 2). (A) 10%. 10%,.,. (B),, 30. (C) (1), (2) (3) : (a) (b) (c) (d) (e) (f) / - 56 -
(g) (h) (D),.,. (E).,..... (1),,,,,,.,. (2),.. (3),,,.,. (4), (offsetting transaction),... (a) (b) (instrument) (i) (ii) 3, - 57 -
(5). (6) (an amortised cost basis). (7),. (8) ( 2 ). ( ), / ( 2% ).,,,.. (Dilution),,, (underlying investments).., (swing pricing).,. (Dilution Adjustment).,. (),..,,.,... (dealing spreads) ( ) 2%..., ( 1 1 ). ( 1 1 ),. - 58 -
,. -. /. -,,..., 17....,.,.,. ( ) (Exposure).. 13. ). 764 ( ). / A: 5.26315% A1: 4.16667% B: 1%, *, ( ), ( )..,,.,... (dealing spreads) ( ) 2%. ) 3. - 59 -
. (, %) () 0.4% 1.50% ( ) A: A1: 0.5% ) B: 0.6% ( ) 0.10 bps 0.50 bps ( ) 0.40 bps 2.00 bps ( ) B, A1. ) A1 2009 10 1 0.10%. * ( ). **, 1 10,000 0.5. (1) (2012 12 31 ) A A1 B I 0.00% 0.50% 0.60% 0.000% 1.50% 1.50% 1.50% 0.000% 0.48% 0.43% 0.48% 0.098% ( ) 1.98% 2.43% 2.58% 0.091% 0.16% 0.16% 0.16% 0.16% ( ) 2.14% 2.58% 2.74% 0.25% (2) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.45% 0.40% 0.45% ( ) 1.95% 2.40% 2.55% 0.19% 0.19% 0.19% ( ) 2.14% 2.59% 2.74% (3) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.25% 1.50% 1.25% 0.51% 0.43% 0.51% ( ) 1.76% 2.43% 2.36% 0.20% 0.20% 0.20% ( ) 1.96% 2.63% 2.56% (4) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.25% 1.50% 1.25% 0.56% 0.48% 0.56% ( ) 1.81% 2.48% 2.41% 0.12% 0.12% 0.12% ( ) 1.93% 2.60% 2.53% - 60 -
(5) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.25% 1.50% 1.25% 0.49% 0.41% 0.49% ( ) 1.74% 2.41% 2.34% 0.05% 0.05% 0.05% ( ) 1.79% 2.46% 2.39% (6) (2012 12 31 ) A A1 B I 0.00% 0.50% 0.60% 0.00% 1.25% 1.50% 1.25% 0.00% 0.49% 0.41% 0.49% 0.08% ( ) 1.74% 2.41% 2.34% 0.08% 0.07% 0.07% 0.07% 0.07% ( ) 1.81% 2.48% 2.41% 0.15% (7) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.25% 1.50% 1.25% 0.47% 0.39% 0.47% ( ) 1.72% 2.39% 2.32% 0.09% 0.09% 0.09% ( ) 1.82% 2.49% 2.42% (8) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.25% 1.50% 1.25% 0.48% 0.40% 0.48% ( ) 1.73% 2.40% 2.33% 0.13% 0.13% 0.13% ( ) 1.85% 2.52% 2.45% (9) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.49% 0.41% 0.49% ( ) 1.99% 2.41% 2.59% 0.18% 0.18% 0.18% ( ) 2.18% 2.60% 2.78% (10) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.49% 0.41% 0.49% ( ) 1.99% 2.41% 2.59% 0.06% 0.06% 0.06% ( ) 2.06% 2.48% 2.66% - 61 -
(11) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.50% 0.42% 0.50% ( ) 2.00% 2.42% 2.60% 0.11% 0.11% 0.11% ( ) 2.10% 2.52% 2.70% (12) (2012 12 30 ) A A1 B* C I 0.00% 0.50% 0.60% 0.00% 0.00% 1.50% 1.50% 1.50% 1.00% 0.00% 0.82% 0.82% 0.82% 0.72% 0.49% ( ) 2.32% 2.82% 2.92% 1.72% 0.49% 0.28% 0.28% 0.28% 0.28% 0.28% ( ) 2.61% 3.11% 3.20% 2.01% 0.78% *.,. (13) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.48% 0.40% 0.48% ( ) 1.98% 2.40% 2.58% 0.12% 0.12% 0.12% ( ) 2.10% 2.52% 2.70% (14) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.48% 0.40% 0.48% ( ) 1.98% 2.40% 2.58% 0.09% 0.09% 0.09% ( ) 2.08% 2.50% 2.68% (15) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.50% 0.42% 0.50% ( ) 2.00% 2.42% 2.60% 0.15% 0.15% 0.15% ( ) 2.15% 2.57% 2.75% (16) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.51% 0.43% 0.51% ( ) 2.01% 2.43% 2.61% 0.33% 0.33% 0.33% ( ) 2.35% 2.77% 2.95% - 62 -
(17) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.50% 0.42% 0.50% ( ) 2.00% 2.42% 2.60% 0.16% 0.16% 0.16% ( ) 2.16% 2.58% 2.76% (18) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.57% 0.49% 0.57% ( ) 2.07% 2.49% 2.67% 0.18% 0.18% 0.18% ( ) 2.25% 2.67% 2.85% (19) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.54% 0.46% 0.54% ( ) 2.04% 2.46% 2.64% 0.17% 0.17% 0.17% ( ) 2.21% 2.62% 2.81% (20) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.51% 0.43% 0.51% ( ) 2.01% 2.43% 2.61% 0.27% 0.27% 0.27% ( ) 2.28% 2.70% 2.88% (21) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.60% 0.00% 0.00% 1.50% 1.50% 1.50% 1.00% 0.00% 0.72% 0.72% 0.72% 0.62% 0.39% ( ) 2.22% 2.72% 2.82% 1.62% 0.39% 0.17% 0.17% 0.17% 0.17% 0.17% ( ) 2.39% 2.89% 2.99% 1.79% 0.56% (22) (2012 12 31 ) I 0.00% 0.00% 0.39% ( ) 0.39% 0.49% ( ) 0.89% - 63 -
(23) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.50% 0.42% 0.50% ( ) 2.00% 2.42% 2.60% 0.16% 0.16% 0.16% ( ) 2.15% 2.57% 2.75% (24) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.62% 0.54% 0.62% ( ) 2.12% 2.54% 2.72% 0.18% 0.18% 0.18% ( ) 2.30% 2.72% 2.90% (25) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.51% 0.43% 0.51% ( ) 2.01% 2.43% 2.61% 0.23% 0.23% 0.23% ( ) 2.24% 2.66% 2.84% (26) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.47% 0.39% 0.47% ( ) 1.97% 2.39% 2.57% 0.27% 0.27% 0.27% ( ) 2.24% 2.66% 2.84% (27) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.60% 0.00% 0.00% 1.50% 1.50% 1.50% 1.00% 0.00% 0.55% 0.47% 0.55% 0.37% 0.14% ( ) 2.05% 2.47% 2.65% 1.37% 0.14% 0.17% 0.17% 0.17% 0.17% 0.17% ( ) 2.22% 2.64% 2.82% 1.54% 0.31% (28) (2012 12 31 ) A C I 0.00% 0.00% 0.00% 1.50% 1.00% 0.00% 1.21% 1.11% 0.88% ( ) 2.71% 2.11% 0.88% 0.14% 0.14% 0.14% ( ) 2.85% 2.25% 1.02% - 64 -
(29) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.49% 0.41% 0.49% ( ) 1.99% 2.41% 2.59% 0.15% 0.15% 0.15% ( ) 2.15% 2.57% 2.75% (30) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.48% 0.40% 0.48% ( ) 1.98% 2.40% 2.58% 0.07% 0.07% 0.07% ( ) 2.05% 2.47% 2.65% (31) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.57% 0.49% 0.57% ( ) 2.07% 2.49% 2.67% 0.26% 0.26% 0.26% ( ) 2.33% 2.75% 2.93% (32) (2012 12 31 ) A A1 0.00% 0.50% * 1.50% 1.50% 0.53% 0.47% ( ) 2.03% 2.47% 0.10% 0.10% ( ) 2.13% 2.58% * 2012 4 2 (33) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.51% 0.43% 0.51% ( ) 2.01% 2.43% 2.61% 0.06% 0.06% 0.06% ( ) 2.07% 2.49% 2.67% (34) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.52% 0.44% 0.52% ( ) 2.02% 2.44% 2.62% 0.17% 0.17% 0.17% ( ) 2.19% 2.61% 2.79% - 65 -
(35) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.65% 0.57% 0.65% ( ) 2.15% 2.57% 2.75% 0.39% 0.39% 0.39% ( ) 2.53% 2.95% 3.13% (36) (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.50% 1.50% 1.50% 0.54% 0.46% 0.54% ( ) 2.04% 2.46% 2.64% 0.23% 0.23% 0.23% ( ) 2.27% 2.69% 2.87% (37) (2012 12 31 ) A A1 B C X 0.00% 0.50% 0.60% 0.000% 0.000% 1.50% 1.50% 1.50% 1.000% 1.000% 0.47% 0.39% 0.47% 0.289% 0.249% ( ) 1.97% 2.39% 2.57% 1.29% 1.25% 0.19% 0.19% 0.19% 0.19% 0.19% ( ) 2.16% 2.58% 2.76% 1.48% 1.44% (38) (2012 12 31 ) I 0.00% 0.00% 0.08% ( ) 0.08% 0.09% ( ) 0.17% (39) QEP (2012 12 31 ) A A1 B 0.00% 0.50% 0.60% 1.25% 1.50% 1.25% 0.49% 0.41% 0.49% ( ) 1.74% 2.41% 2.34% 0.07% 0.07% 0.07% ( ) 1.80% 2.47% 2.40% (40) QEP (2012 12 31 ) A A1 C I 0.00% 0.50% 0.00% 0.00% 1.50% 1.50% 1.00% 0.00% 0.81% 0.81% 0.71% 0.48% ( ) 2.31% 2.81% 1.71% 0.48% 0.13% 0.13% 0.13% 0.13% ( ) 2.43% 2.93% 1.83% 0.60% - 66 -
(41) QEP (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.60% 0.00% 0.00% 1.25% 1.50% 1.25% 1.00% 0.00% 0.49% 0.41% 0.49% 0.31% 0.08% ( ) 1.74% 2.41% 2.34% 1.31% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% ( ) 1.81% 2.48% 2.41% 1.38% 0.15% (42) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.60% 0.00% 0.00% 1.25% 1.25% 1.25% 0.75% 0.00% 0.43% 0.43% 0.43% 0.33% 0.20% ( ) 1.68% 2.18% 2.28% 1.08% 0.20% 0.04% 0.04% 0.04% 0.04% 0.04% ( ) 1.72% 2.22% 2.32% 1.12% 0.24% (43) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 1.25% 1.25% 1.25% 0.49% 0.26% 0.49% ( ) 1.74% 2.01% 2.24% 0.00% 0.00% 0.00% ( ) 1.74% 2.01% 2.24% (44) (EUR) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 1.50% 1.50% 1.50% 0.55% 0.32% 0.55% ( ) 2.05% 2.32% 2.55% 0.00% 0.00% 0.00% ( ) 2.05% 2.32% 2.55% (45) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 1.50% 1.50% 1.50% 0.50% 0.27% 0.50% ( ) 2.00% 2.27% 2.50% 0.00% 0.00% 0.00% ( ) 2.00% 2.27% 2.50% (46) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 0.75% 0.75% 0.75% 0.21% 0.26% 0.21% ( ) 0.96% 1.51% 1.46% 0.00% 0.00% 0.00% ( ) 0.96% 1.51% 1.46% - 67 -
(47) (2012 12 31 ) A A1 B 0.00% 0.50% 0.10% 0.50% 0.50% 0.50% 0.14% 0.14% 0.14% ( ) 0.64% 1.14% 0.74% 0.00% 0.00% 0.00% ( ) 0.64% 1.14% 0.74% (48) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% * 0.40% 0.40% 0.40% 0.21% 0.26% 0.21% ( ) 0.61% 1.16% 1.11% 0.00% 0.00% 0.00% ( ) 0.61% 1.16% 1.11% * 2012 4 2 (49) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 0.75% 0.75% 0.75% 0.21% 0.26% 0.21% ( ) 0.96% 1.51% 1.46% 0.00% 0.00% 0.00% ( ) 0.96% 1.51% 1.46% (50) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 0.75% 0.75% 0.75% 0.20% 0.25% 0.20% ( ) 0.95% 1.50% 1.45% 0.00% 0.00% 0.00% ( ) 0.95% 1.50% 1.45% (51) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 0.75% 0.75% 0.75% 0.30% 0.25% 0.30% ( ) 1.05% 1.50% 1.55% 0.00% 0.00% 0.00% ( ) 1.05% 1.50% 1.55% (52) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.50% 0.00% 0.00% 1.00% 1.00% 1.00% 0.60% 0.00% 0.23% 0.23% 0.23% 0.23% 0.10% ( ) 1.23% 1.73% 1.73% 0.83% 0.10% 0.00% 0.00% 0.00% 0.00% 0.00% ( ) 1.23% 1.73% 1.73% 0.83% 0.10% - 68 -
(53) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 0.75% 0.75% 0.75% 0.28% 0.23% 0.28% ( ) 1.03% 1.48% 1.53% 0.00% 0.00% 0.00% ( ) 1.03% 1.48% 1.53% (54) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.50% 0.00% 0.00% 1.00% 1.00% 1.00% 0.60% 0.00% 0.45% 0.45% 0.45% 0.35% 0.22% ( ) 1.45% 1.95% 1.95% 0.95% 0.22% 0.00% 0.00% 0.00% 0.00% 0.00% ( ) 1.45% 1.95% 1.95% 0.95% 0.22% (55) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.50% 0.00% 0.00% 1.00% 1.00% 1.00% 0.60% 0.00% 0.35% 0.35% 0.35% 0.25% 0.12% ( ) 1.35% 1.85% 1.85% 0.85% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% ( ) 1.35% 1.85% 1.85% 0.85% 0.12% (56) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.50% 0.00% 0.00% 1.00% 1.00% 1.00% 0.60% 0.00% 0.58% 0.58% 0.58% 0.48% 0.35% ( ) 1.58% 2.08% 2.08% 1.08% 0.35% 0.00% 0.00% 0.00% 0.00% 0.00% ( ) 1.58% 2.08% 2.08% 1.08% 0.35% (57) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.50% 0.00% 0.00% 1.25% 1.25% 1.25% 0.75% 0.00% 0.40% 0.25% 0.40% 0.30% 0.07% ( ) 1.65% 2.00% 2.15% 1.05% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% ( ) 1.65% 2.00% 2.15% 1.05% 0.07% (58) (2012 12 31 ) A A1 B C I 0.00% 0.50% 0.50% 0.00% 0.00% 0.75% 0.75% 0.75% 0.45% 0.00% 0.29% 0.24% 0.29% 0.19% 0.06% ( ) 1.04% 1.49% 1.54% 0.64% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% ( ) 1.04% 1.49% 1.54% 0.64% 0.06% - 69 -
(59) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 0.75% 0.75% 0.75% 0.31% 0.26% 0.31% ( ) 1.06% 1.51% 1.56% 0.00% 0.00% 0.00% ( ) 1.06% 1.51% 1.56% (60) (2012 12 31 ) A A1 B C* I 0.00% 0.50% 0.50% 0.00% 0.00% 1.00% 1.00% 1.00% 1.00% 0.00% 0.83% 0.83% 0.83% 0.83% 0.60% ( ) 1.83% 2.33% 2.33% 1.83% 0.60% 0.00% 0.00% 0.00% 0.00% 0.00% ( ) 1.83% 2.33% 2.33% 1.83% 0.60% *.,. (61) (2012 12 31 ) A A1 B C 0.00% 0.50% 0.50% 0.000% 1.00% 1.00% 1.00% 0.600% 0.28% 0.23% 0.28% 0.182% ( ) 1.28% 1.73% 1.78% 0.789% 0.00% 0.00% 0.00% 0.00% ( ) 1.28% 1.73% 1.78% 0.79% (62) (2012 12 31 ) A* A1* B* C* I* 0.00% 0.50% 0.50% 0.00% 0.00% 1.00% 1.00% 1.00% 0.60% 0.00% 0.28% 0.23% 0.28% 0.18% 0.05% ( ) 1.28% 1.73% 1.78% 0.78% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% ( ) 1.28% 1.73% 1.78% 0.78% 0.05% *.,. (63) RMB (2012 12 31 ) A A1* B* C I 0.00% - - 0.00% 0.00% 0.75% - - 0.38% 0.00% 0.34% - - 0.24% 0.11% ( ) 1.09% - - 0.62% 0.11% 0.00% - - 0.00% 0.00% ( ) 1.09% - - 0.62% 0.11% *.,. (64) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 1.00% 1.00% 1.00% 0.31% 0.26% 0.31% ( ) 1.31% 1.76% 1.81% 0.00% 0.00% 0.00% ( ) 1.31% 1.76% 1.81% - 70 -
(65) (2012 12 31 ) A A1 B 0.00% 0.10% 0.10% 0.50% 0.50% 0.50% 0.09% 0.09% 0.09% ( ) 0.59% 0.69% 0.69% 0.00% 0.00% 0.00% ( ) 0.59% 0.69% 0.69% (66) (2012 12 31 ) A A1 B 0.00% 0.50% 0.50% 1.00% 1.00% 1.00% 0.29% 0.29% 0.29% ( ) 1.29% 1.79% 1.79% 0.00% 0.00% 0.00% ( ) 1.29% 1.79% 1.79% 1,000 1: 1, 3, 5, 10. A1 A 5.26315% 4.16667%. 0%-. 2: 5%., 0%., B. 1 A A1 2-3. 3:.,. 4: 2012,. (1) 1 3 5 10-1.98% -5.95% -9.92% -19.85% A ( ) - -5.95% -9.92% -19.85% -2.43% -7.28% -12.14% -24.28% A1 ( ) - -7.28% -12.14% -24.28% -2.58% -7.75% -12.92% -25.85% B ( ) - -7.75% -12.92% -25.85% -0.11% -0.33% -0.55% -1.10% I ( ) - -0.33% -0.55% -1.10% (2) 1 3 5 10-1.95% -5.85% -9.75% -19.51% A ( ) - -5.85% -9.75% -19.51% -2.40% -7.19% -11.98% -23.96% A1 ( ) - -7.19% -11.98% -23.96% -2.55% -7.66% -12.76% -25.52% B ( ) - -7.66% -12.76% -25.52% - 71 -
(3) 1 3 5 10-1.76% -5.28% -8.80% -17.61% A ( ) - -5.28% -8.80% -17.61% -2.43% -7.29% -12.15% -24.31% A1 ( ) - -7.29% -12.15% -24.31% -2.36% -7.08% -11.80% -23.61% B ( ) - -7.08% -11.80% -23.61% (4) 1 3 5 10-1.81% -5.42% -9.04% -18.08% A ( ) - -5.42% -9.04% -18.08% -2.48% -7.43% -12.39% -24.78% A1 ( ) - -7.43% -12.39% -24.78% -2.41% -7.22% -12.04% -24.08% B ( ) - -7.22% -12.04% -24.08% (5) 1 3 5 10-1.74% -5.22% -8.70% -17.41% A ( ) - -5.22% -8.70% -17.41% -2.41% -7.23% -12.05% -24.11% A1 ( ) - -7.23% -12.05% -24.11% -2.34% -7.02% -11.70% -23.41% B ( ) - -7.02% -11.70% -23.41% (6) 1 3 5 10-1.74% -5.21% -8.69% -17.37% A ( ) - -5.21% -8.69% -17.37% -2.41% -7.22% -12.04% -24.07% A1 ( ) - -7.22% -12.04% -24.07% -2.34% -7.01% -11.69% -23.37% B ( ) - -7.01% -11.69% -23.37% -0.08% -0.23% -0.39% -0.77% I ( ) - -0.23% -0.39% -0.77% (7) 1 3 5 10-1.72% -5.17% -8.62% -17.24% A ( ) - -5.17% -8.62% -17.24% -2.39% -7.18% -11.97% -23.94% A1 ( ) - -7.18% -11.97% -23.94% -2.32% -6.97% -11.62% -23.24% B ( ) - -6.97% -11.62% -23.24% - 72 -
(8) 1 3 5 10-1.73% -5.18% -8.63% -17.26% A ( ) - -5.18% -8.63% -17.26% -2.40% -7.19% -11.98% -23.96% A1 ( ) - -7.19% -11.98% -23.96% -2.33% -6.98% -11.63% -23.26% B ( ) - -6.98% -11.63% -23.26% (9) 1 3 5 10-1.99% -5.98% -9.97% -19.93% A ( ) - -5.98% -9.97% -19.93% -2.41% -7.24% -12.07% -24.13% A1 ( ) - -7.24% -12.07% -24.13% -2.59% -7.78% -12.97% -25.93% B ( ) - -7.78% -12.97% -25.93% (10) 1 3 5 10-1.99% -5.98% -9.96% -19.92% A ( ) - -5.98% -9.96% -19.92% -2.41% -7.24% -12.06% -24.12% A1 ( ) - -7.24% -12.06% -24.12% -2.59% -7.78% -12.96% -25.92% B ( ) - -7.78% -12.96% -25.92% (11) 1 3 5 10-2.00% -5.99% -9.98% -19.95% A ( ) - -5.99% -9.98% -19.95% -2.42% -7.25% -12.08% -24.15% A1 ( ) - -7.25% -12.08% -24.15% -2.60% -7.79% -12.98% -25.95% B ( ) - -7.79% -12.98% -25.95% (12) 1 3 5 10-2.32% -6.97% -11.62% -23.24% A ( ) - -6.97% -11.62% -23.24% -2.82% -8.47% -14.12% -28.25% A1 ( ) - -8.47% -14.12% -28.25% -2.92% -8.76% -14.60% -29.20% B* ( ) - -8.76% -14.60% -29.20% -1.72% -5.17% -8.62% -17.24% C ( ) - -5.17% -8.62% -17.24% -0.49% -1.48% -2.47% -4.94% I ( ) - -1.48% -2.47% -4.94% *.,. - 73 -
(13) 1 3 5 10 A A1 B -1.98% -5.95% -9.92% -19.84% ( ) - -5.95% -9.92% -19.84% -2.40% -7.21% -12.02% -24.04% ( ) - -7.21% -12.02% -24.04% -2.58% -7.75% -12.92% -25.84% ( ) (14) - -7.75% -12.92% -25.84% 1 3 5 10 A A1 B -1.98% -5.95% -9.92% -19.84% ( ) - -5.95% -9.92% -19.84% -2.40% -7.21% -12.02% -24.04% ( ) - -7.21% -12.02% -24.04% -2.58% -7.75% -12.92% -25.84% ( ) (15) - -7.75% -12.92% -25.84% 1 3 5 10 A A1 B -2.00% -5.99% -9.99% -19.98% ( ) - -5.99% -9.99% -19.98% -2.42% -7.25% -12.09% -24.18% ( ) - -7.25% -12.09% -24.18% -2.60% -7.79% -12.99% -25.98% ( ) (16) - -7.79% -12.99% -25.98% 1 3 5 10 A A1 B -2.01% -6.04% -10.07% -20.15% ( ) - -6.04% -10.07% -20.15% -2.43% -7.30% -12.17% -24.35% ( ) - -7.30% -12.17% -24.35% -2.61% -7.84% -13.07% -26.15% ( ) (17) - -7.84% -13.07% -26.15% 1 3 5 10-2.00% -6.01% -10.01% -20.02% A ( ) - -6.01% -10.01% -20.02% -2.42% -7.27% -12.11% -24.22% A1 ( ) - -7.27% -12.11% -24.22% -2.60% -7.81% -13.01% -26.02% B ( ) - -7.81% -13.01% -26.02% - 74 -
(18) 1 3 5 10 A A1 B -2.07% -6.21% -10.35% -20.70% ( ) - -6.21% -10.35% -20.70% -2.49% -7.47% -12.45% -24.90% ( ) - -7.47% -12.45% -24.90% -2.67% -8.01% -13.35% -26.70% ( ) (19) - -8.01% -13.35% -26.70% 1 3 5 10 A A1 B -2.04% -6.12% -10.19% -20.39% ( ) - -6.12% -10.19% -20.39% -2.46% -7.38% -12.29% -24.59% ( ) - -7.38% -12.29% -24.59% -2.64% -7.92% -13.19% -26.39% ( ) (20) - -7.92% -13.19% -26.39% 1 3 5 10 A A1 B -2.01% -6.02% -10.03% -20.05% ( ) - -6.02% -10.03% -20.05% -2.43% -7.28% -12.13% -24.25% ( ) - -7.28% -12.13% -24.25% -2.61% -7.82% -13.03% -26.05% ( ) - -7.82% -13.03% -26.05% (21) 1 3 5 10 A A1 B C I -2.22% -6.66% -11.10% -22.21% ( ) - -6.66% -11.10% -22.21% -2.72% -8.16% -13.60% -27.21% ( ) - -8.16% -13.60% -27.21% -2.82% -8.46% -14.10% -28.21% ( ) - -8.46% -14.10% -28.21% -1.62% -4.86% -8.10% -16.21% ( ) - -4.86% -8.10% -16.21% -0.39% -1.17% -1.95% -3.91% ( ) - -1.17% -1.95% -3.91% (22) 1 3 5 10 I -0.39% -1.18% -1.97% -3.93% ( ) - -1.18% -1.97% -3.93% - 75 -
(23) 1 3 5 10-2.00% -5.99% -9.98% -19.95% A ( ) - -5.99% -9.98% -19.95% -2.42% -7.25% -12.08% -24.15% A1 ( ) - -7.25% -12.08% -24.15% -2.60% -7.79% -12.98% -25.95% B ( ) - -7.79% -12.98% -25.95% (24) 1 3 5 10-2.12% -6.37% -10.62% -21.25% A ( ) - -6.37% -10.62% -21.25% -2.54% -7.63% -12.72% -25.45% A1 ( ) - -7.63% -12.72% -25.45% -2.72% -8.17% -13.62% -27.25% B ( ) - -8.17% -13.62% -27.25% (25) 1 3 5 10-2.01% -6.02% -10.03% -20.07% A ( ) - -6.02% -10.03% -20.07% -2.43% -7.28% -12.13% -24.27% A1 ( ) - -7.28% -12.13% -24.27% -2.61% -7.82% -13.03% -26.07% B ( ) - -7.82% -13.03% -26.07% (26) 1 3 5 10-1.97% -5.92% -9.86% -19.72% A ( ) - -5.92% -9.86% -19.72% -2.39% -7.18% -11.96% -23.92% A1 ( ) - -7.18% -11.96% -23.92% -2.57% -7.72% -12.86% -25.72% B ( ) - -7.72% -12.86% -25.72% (27) 1 3 5 10-2.05% -6.14% -10.23% -20.45% A ( ) - -6.14% -10.23% -20.45% -2.47% -7.40% -12.33% -24.65% A1 ( ) - -7.40% -12.33% -24.65% -2.65% -7.94% -13.23% -26.45% B ( ) - -7.94% -13.23% -26.45% -1.37% -4.10% -6.84% -13.67% C ( ) - -4.10% -6.84% -13.67% -0.14% -0.41% -0.69% -1.37% I ( ) - -0.41% -0.69% -1.37% - 76 -
(28) 1 3 5 10-2.71% -8.12% -13.53% -27.05% A ( ) - -8.12% -13.53% -27.05% -2.11% -6.32% -10.53% -21.05% C ( ) - -6.32% -10.53% -21.05% -0.88% -2.63% -4.38% -8.75% I ( ) - -2.63% -4.38% -8.75% (29) 1 3 5 10-1.99% -5.98% -9.96% -19.93% A ( ) - -5.98% -9.96% -19.93% -2.41% -7.24% -12.06% -24.13% A1 ( ) - -7.24% -12.06% -24.13% -2.59% -7.78% -12.96% -25.93% B ( ) - -7.78% -12.96% -25.93% (30) 1 3 5 10 A A1 B -1.98% -5.94% -9.89% -19.79% ( ) - -5.94% -9.89% -19.79% -2.40% -7.20% -11.99% -23.99% ( ) - -7.20% -11.99% -23.99% -2.58% -7.74% -12.89% -25.79% ( ) (31) - -7.74% -12.89% -25.79% 1 3 5 10 A A1 B -2.07% -6.22% -10.36% -20.73% ( ) - -6.22% -10.36% -20.73% -2.49% -7.48% -12.46% -24.93% ( ) - -7.48% -12.46% -24.93% -2.67% -8.02% -13.36% -26.73% ( ) (32) - -8.02% -13.36% -26.73% 1 3 5 10 A A1-1.95% -5.85% -9.74% -19.49% ( ) - -5.85% -9.74% -19.49% -2.47% -7.42% -12.37% -24.73% ( ) - -7.42% -12.37% -24.73% - 77 -
(33) 1 3 5 10 A A1 B -2.01% -6.04% -10.06% -20.12% ( ) - -6.04% -10.06% -20.12% -2.43% -7.30% -12.16% -24.32% ( ) - -7.30% -12.16% -24.32% -2.61% -7.84% -13.06% -26.12% ( ) (34) - -7.84% -13.06% -26.12% 1 3 5 10-2.02% -6.07% -10.11% -20.22% A ( ) - -6.07% -10.11% -20.22% -2.44% -7.33% -12.21% -24.42% A1 ( ) - -7.33% -12.21% -24.42% -2.62% -7.87% -13.11% -26.22% B ( ) - -7.87% -13.11% -26.22% (35) 1 3 5 10-2.15% -6.44% -10.73% -21.45% A ( ) - -6.44% -10.73% -21.45% -2.57% -7.70% -12.83% -25.65% A1 ( ) - -7.70% -12.83% -25.65% -2.75% -8.24% -13.73% -27.45% B ( ) - -8.24% -13.73% -27.45% (36) 1 3 5 10-2.04% -6.12% -10.21% -20.41% A ( ) - -6.12% -10.21% -20.41% -2.46% -7.38% -12.31% -24.61% A1 ( ) - -7.38% -12.31% -24.61% -2.64% -7.92% -13.21% -26.41% B ( ) - -7.92% -13.21% -26.41% (37) 1 3 5 10-1.97% -5.91% -9.85% -19.69% A ( ) - -5.91% -9.85% -19.69% -2.39% -7.17% -11.95% -23.89% A1 ( ) - -7.17% -11.95% -23.89% -2.57% -7.71% -12.85% -25.69% B ( ) - -7.71% -12.85% -25.69% -1.29% -3.86% -6.43% -12.86% C ( ) - -3.86% -6.43% -12.86% -1.24% -3.73% -6.22% -12.44% X ( ) - -3.73% -6.22% -12.44% - 78 -
(38) 1 3 5 10 I -0.08% -0.23% -0.39% -0.78% ( ) - -0.23% -0.39% -0.78% (39) QEP 1 3 5 10-1.74% -5.22% -8.69% -17.39% A ( ) - -5.22% -8.69% -17.39% -2.41% -7.23% -12.04% -24.09% A1 ( ) - -7.23% -12.04% -24.09% -2.34% -7.02% -11.69% -23.39% B ( ) - -7.02% -11.69% -23.39% (40) QEP 1 3 5 10-2.31% -6.92% -11.53% -23.07% A ( ) - -6.92% -11.53% -23.07% -2.81% -8.42% -14.03% -28.06% A1 ( ) - -8.42% -14.03% -28.06% -1.71% -5.12% -8.53% -17.06% C ( ) - -5.12% -8.53% -17.06% -0.48% -1.43% -2.38% -4.76% I ( ) - -1.43% -2.38% -4.76% (41) QEP 1 3 5 10-1.74% -5.21% -8.68% -17.35% A ( ) - -5.21% -8.68% -17.35% -2.41% -7.22% -12.03% -24.05% A1 ( ) - -7.22% -12.03% -24.05% -1.31% -3.92% -6.53% -13.05% B ( ) - -3.92% -6.53% -13.05% -2.34% -7.01% -11.68% -23.35% C ( ) - -7.01% -11.68% -23.35% -0.08% -0.23% -0.38% -0.75% I ( ) - -0.23% -0.38% -0.75% (42) 1 3 5 10-1.68% -5.04% -8.41% -16.81% A ( ) - -5.04% -8.41% -16.81% -2.18% -6.54% -10.91% -21.81% A1 ( ) - -6.54% -10.91% -21.81% -2.28% -6.84% -11.41% -22.81% B ( ) - -6.84% -11.41% -22.81% -1.08% -3.24% -5.41% -10.81% C ( ) - -3.24% -5.41% -10.81% -0.20% -0.60% -1.01% -2.01% I ( ) - -0.60% -1.01% -2.01% - 79 -
(43) 1 3 5 10 A A1 B -1.74% -5.23% -8.72% -17.44% ( ) - -5.23% -8.72% -17.44% -2.01% -6.04% -10.07% -20.14% ( ) - -6.04% -10.07% -20.14% -2.24% -6.73% -11.22% -22.44% ( ) (44) (EUR) - -6.73% -11.22% -22.44% 1 3 5 10 A A1 B -2.05% -6.16% -10.26% -20.53% ( ) - -6.16% -10.26% -20.53% -2.32% -6.97% -11.61% -23.23% ( ) - -6.97% -11.61% -23.23% -2.55% -7.66% -12.76% -25.53% ( ) (45) - -7.66% -12.76% -25.53% 1 3 5 10-2.00% -6.00% -10.01% -20.01% A ( ) - -6.00% -10.01% -20.01% -2.27% -6.81% -11.36% -22.71% A1 ( ) - -6.81% -11.36% -22.71% -2.50% -7.50% -12.51% -25.01% B ( ) - -7.50% -12.51% -25.01% (46) 1 3 5 10-0.96% -2.88% -4.79% -9.59% A ( ) - -2.88% -4.79% -9.59% -1.51% -4.53% -7.54% -15.09% A1 ( ) - -4.53% -7.54% -15.09% -1.46% -4.38% -7.29% -14.59% B ( ) - -4.38% -7.29% -14.59% (47) 1 3 5 10-0.64% -1.93% -3.22% -6.44% A ( ) - -1.93% -3.22% -6.44% -1.14% -3.43% -5.72% -11.44% A1 ( ) - -3.43% -5.72% -11.44% -0.74% -2.23% -3.72% -7.44% B ( ) - -2.23% -3.72% -7.44% - 80 -
(48) 1 3 5 10-0.63% -1.90% -3.16% -6.33% A ( ) - -1.90% -3.16% -6.33% -1.19% -3.56% -5.93% -11.86% A1 ( ) - -3.56% -5.93% -11.86% -1.13% -3.39% -5.65% -11.30% B ( ) - -3.39% -5.65% -11.30% (49) 1 3 5 10-0.96% -2.88% -4.79% -9.59% A ( ) - -2.88% -4.79% -9.59% -1.51% -4.53% -7.54% -15.09% A1 ( ) - -4.53% -7.54% -15.09% -1.46% -4.38% -7.29% -14.59% B ( ) - -4.38% -7.29% -14.59% (50) 1 3 5 10-0.95% -2.86% -4.77% -9.55% A ( ) - -2.86% -4.77% -9.55% -1.50% -4.51% -7.52% -15.05% A1 ( ) - -4.51% -7.52% -15.05% -1.45% -4.36% -7.27% -14.55% B ( ) - -4.36% -7.27% -14.55% (51) 1 3 5 10-1.05% -3.16% -5.27% -10.53% A ( ) - -3.16% -5.27% -10.53% -1.50% -4.51% -7.52% -15.03% A1 ( ) - -4.51% -7.52% -15.03% -1.55% -4.66% -7.77% -15.53% B ( ) - -4.66% -7.77% -15.53% (52) 1 3 5 10 A A1 B C I -1.23% -3.70% -6.17% -12.35% ( ) - -3.70% -6.17% -12.35% -1.73% -5.20% -8.67% -17.35% ( ) - -5.20% -8.67% -17.35% -1.73% -5.20% -8.67% -17.35% ( ) - -5.20% -8.67% -17.35% -0.83% -2.50% -4.17% -8.35% ( ) - -2.50% -4.17% -8.35% -0.10% -0.31% -0.52% -1.05% ( ) - -0.31% -0.52% -1.05% - 81 -
(53) 1 3 5 10-1.03% -3.10% -5.17% -10.34% A ( ) - -3.10% -5.17% -10.34% -1.48% -4.45% -7.42% -14.84% A1 ( ) - -4.45% -7.42% -14.84% -1.53% -4.60% -7.67% -15.34% B ( ) - -4.60% -7.67% -15.34% (54) 1 3 5 10-1.45% -4.36% -7.26% -14.52% A ( ) - -4.36% -7.26% -14.52% -1.95% -5.86% -9.76% -19.52% A1 ( ) - -5.86% -9.76% -19.52% -1.95% -5.86% -9.76% -19.52% B ( ) - -5.86% -9.76% -19.52% -0.95% -2.85% -4.76% -9.52% C ( ) - -2.85% -4.76% -9.52% -0.22% -0.67% -1.11% -2.22% I ( ) - -0.67% -1.11% -2.22% (55) 1 3 5 10-1.35% -4.04% -6.73% -13.45% A ( ) - -4.04% -6.73% -13.45% -1.85% -5.54% -9.23% -18.47% A1 ( ) - -5.54% -9.23% -18.47% -1.85% -5.54% -9.23% -18.45% B ( ) - -5.54% -9.23% -18.45% -0.85% -2.54% -4.23% -8.46% C ( ) - -2.54% -4.23% -8.46% -0.12% -0.35% -0.58% -1.15% I ( ) - -0.35% -0.58% -1.15% (56) 1 3 5 10-1.58% -4.73% -7.88% -15.76% A ( ) - -4.73% -7.88% -15.76% -2.08% -6.23% -10.38% -20.77% A1 ( ) - -6.23% -10.38% -20.77% -2.08% -6.23% -10.38% -20.77% B ( ) - -6.23% -10.38% -20.77% -1.08% -3.23% -5.39% -10.77% C ( ) - -3.23% -5.39% -10.77% -0.35% -1.04% -1.73% -3.47% I ( ) - -1.04% -1.73% -3.47% - 82 -
(57) 1 3 5 10-1.65% -4.95% -8.25% -16.49% A ( ) - -4.95% -8.25% -16.49% -2.00% -6.00% -10.00% -19.99% A1 ( ) - -6.00% -10.00% -19.99% -2.15% -6.45% -10.75% -21.49% B ( ) - -6.45% -10.75% -21.49% -1.07% -3.20% -5.34% -10.68% C ( ) - -3.20% -5.34% -10.68% -0.07% -0.21% -0.35% -0.69% I ( ) - -0.21% -0.35% -0.69% (58) 1 3 5 10-1.04% -3.11% -5.18% -10.36% A ( ) - -3.11% -5.18% -10.36% -1.49% -4.46% -7.43% -14.86% A1 ( ) - -4.46% -7.43% -14.86% -1.54% -4.61% -7.68% -15.36% B ( ) - -4.61% -7.68% -15.36% -0.64% -1.91% -3.18% -6.37% C ( ) - -1.91% -3.18% -6.37% -0.06% -0.17% -0.28% -0.57% I ( ) - -0.17% -0.28% -0.57% (59) 1 3 5 10-1.06% -3.19% -5.32% -10.64% A ( ) - -3.19% -5.32% -10.64% -1.51% -4.54% -7.57% -15.14% A1 ( ) - -4.54% -7.57% -15.14% -1.56% -4.69% -7.82% -15.64% B ( ) - -4.69% -7.82% -15.64% (60) 1 3 5 10-1.83% -5.50% -9.17% -18.34% A ( ) - -5.50% -9.17% -18.34% -2.33% -7.00% -11.67% -23.34% A1 ( ) - -7.00% -11.67% -23.34% -2.33% -7.00% -11.67% -23.34% B ( ) - -7.00% -11.67% -23.34% -0.66% -1.98% -3.30% -6.60% C* ( ) - -1.98% -3.30% -6.60% -0.60% -1.81% -3.02% -6.04% I ( ) - -1.81% -3.02% -6.04% *.,. - 83 -