Bxpjsurb  W&@  Xbptblcbr   YQA

Xbptblcbr 87, 37>1

Bvbet-Arivbe, Vn`ub Ievbstieo

Bxpjsurb & Wbrfjrlnehb> Wbrfjrlnehb

Ebt   Qmira Wjiet Jffsmjrb Fuea, @ta.   ‗7.8%   6.7%

Qjtn` @/X Bquity  =7.8%   ‗37.1% 29.9%   ‗7.=% 7.>%

@jeo Xmjrt Ebt @jeo Xmjrt

‗7.?% X&W 277   ‗>.1%   =.8%

Qjtn` Hrbait 86.7%   ‗6.2% 3 9.2% 7.>% 7.>% 7.3%

Nlbrihns >76%   ‗83% ?1%

Qjtn` Jtmbr  2.7% 7.7% 2.7%   ‗7.=%

Mistjrihn` Wbrfjrlnehb

Jffsmjrb X&W 277

Lnrdbt Hnpitn`izntije3

Neeun`izba Sbture8 >?.2% ?.2%

7.>% 7.>%Qjtn` Lnhrj =.?%   ‗>8.2%   ‗1.=% 7.7%

7.9% 7.>%

Orjss N``jhntije cy Xtrntboy 

Objornpmih Bxpjsurb

@jeo Xmjrt Ebt

BLBN >2%   ‗1% >>%

Nsin 9%   ‗1% 2%

Wjsitije Hjehbetrntije

Qjp >7 Qjp 37

@jeo 19% 61%

3 Lnrdbt hnpitn`izntije npp`ibs je`y tj tmb `jeo/smjrt bquity strntboy nea rbf`bhts je`y tmjsb mj`aieos tmnt nrb bxhmneob‗`istba bquity jr ney syetmbtih bquity witm ne ueabr`yieo rbfbrbehb iestrulbet 

N`` iefjrlntije prjviaba mbrbie is fjr iefjrlntijen` purpjsbs je`y nea smju`a ejt cb abblba ns n rbhjllbeantije tj cuy jr sb`` tmb sbhuritibs lbetijeba. Qmb Qmira Wjiet Jffsmjrb Fuea, @ta. is n

fbbabr fuea ie n lnstbr fbbabr struhturb ie wmihm it is `ilitba pnrtebr jf, nea hjetricutbs sucstnetin``y n`` jf its nssbts tj, Qmira Wjiet Jffsmjrb Lnstbr Fuea @.W. N`` iefjrlntije hjetnieba mbrbie rb`ntbs

tj tmb QW Jffsmjrb Lnstbr Fuea @.W. ue`bss jtmbrwisb spbhifiba.  W&@ nea NRL iefjrlntije nrb prbsbetba nt tmb fbbabr fuea `bvb`. 

N`` W&@ nea pbrfjrlnehb rbsu`ts nrb cnsba je tmb ebt nssbt vn`ub jf fbb ‗pnyieo ievbstjrs je`y nea nrb prbsbetba ebt jf lnenoblbet fbbs, crjdbrnob hjllissijes, nalieistrntivb bxpbesbs, nea

nhhruba pbrfjrlnehb n``jhntije, if ney, nea ieh`uab tmb rbievbstlbet jf n`` aiviabeas, ietbrbst, nea hnpitn` onies. _mi`b pbrfjrlnehb n``jhntijes nrb nhhruba ljetm`y, tmby nrb abauhtba frjl ievbstjr

cn`nehbs je`y neeun``y jr upje witmarnwn`. Qmb pbrfjrlnehb ncjvb rbprbsbets fuea‗`bvb` rbtures, nea is ejt ne bstilntb jf ney spbhifih ievbstjr’s nhtun` pbrfjrlnehb, wmihm lny cb lntbrin``y

aiffbrbet frjl suhm pbrfjrlnehb abpbeaieo je eulbrjus fnhtjrs.  N`` pbrfjrlnehb rbsu`ts nrb bstilntbs nea smju`a ejt cb rbonraba ns fien` ueti` nuaitba fienehin  ̀stntblbets nrb issuba.

 

_mi`b tmb pbrfjrlnehb jf tmb Jffsmjrb Fuea mns cbbe hjlpnrba mbrb witm tmb pbrfjrlnehb jf n wb`` ‗dejwe nea wiab`y rbhjoeizba ieabx, tmb ieabx mns ejt cbbe sb`bhtba tj rbprbsbet ne npprjprintb

cbehmlnrd fjr tmb Jffsmjrb Fuea wmjsb mj`aieos, pbrfjrlnehb nea vj`nti`ity lny aiffbr sioeifihnet`y frjl tmb sbhuritibs tmnt hjlprisb tmb ieabx. Ievbstjrs hneejt ievbst airbht`y ie ne ieabx (n`tmjuom

jeb hne ievbst ie ne ieabx fuea absioeba tj h`jsb`y trnhd suhm ieabx).

Wnst pbrfjrlnehb is ejt ebhbssnri`y ieaihntivb jf futurb rbsu`ts. N`` ievbstlbets ievj`vb risd ieh`uaieo tmb `jss jf priehipn`. Qmis trneslissije is hjefiabetin` nea lny ejt cb rbaistricutba witmjut tmb

bxprbss writtbe hjesbet jf Qmira Wjiet @@H nea ajbs ejt hjestitutb ne jffbr tj sb`` jr tmb sj`ihitntije jf ne jffbr tj purhmnsb ney sbhurity jr ievbstlbet prjauht. Ney suhm jffbr jr sj`ihitntije lny je`y

cb lnab cy lbnes jf  ab`ivbry jf  ne npprjvba hjeaben` j brieo lbljrneaul. 

> Sb`ntbs tj tmb Qmira Wjiet Jffsmjrb Lnstbr Fuea @.W.

8 N`` pbrfjrlnehb siehb iehbptije, Abhblcbr >996.

Xmjrt 36% 8>%

Nrc

5$>7C

=8%

$2‗>7C

>>%

0$2C

6%

 

@jeo/Xmjrt 

Bquity

Hrbait

NCX

Lnhrj

Jtmbr   Nrc

7%

37%

17%

67%

=7%

>77%

>37%

>17%

>67%

>=7%

Npr‗>1 Lny‗>1 Kue‗>1 Ku`‗>1 Nuo‗>1 Xbp‗>1

Qmira Wjiet @@H  |  897 Wnrd Nvbeub  |  Ebw Yjrd, EY >7733  |  irGtmirapjiet.hjl