Performance of Foreign Mutual Funds marketed in Portugal
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1 Performance of Foregn Mutual Funds marketed n Portugal Date: DISCLAIMER The nformaton contaned n ths fle has been drawn up n accordance wth the methodology descrbed bellow and takng nto account the data provded by the Management Enttes. APFIPP shall be held responsble nether for nexact or defcent data provded by these enttes nor for the results of analyses and of classfcatons drawn up on the bass of defcent or ncorrect data. APFIPP shall not be held responsble for thrd party manpulaton of the data or nformaton contaned n ths fle. APFIPP does not exclude the valdty of other methodologes for the calculaton of the returns and volatlty of the Funds / Sub-Funds dentfed n ths fle or for ther ncluson n rsk classes. The nformaton contaned n ths fle does not consttute nvestor counsellng of any type, whch should be provded by professonal enttes, nor does t dspense consultaton of other nformaton, partcularly the nformaton publshed offcally by the Management Enttes or by enttes charged wth the placement and marketng of the securtes n queston. The yelds publshed represent past data, and do not consttute a guarantee of future returns, snce the value of the unts may ncrease or decrease n accordance wth the level of rsk, whch vares between 1 (mnmum rsk) and 7 (maxmum rsk). The reproducton of the nformaton contaned n ths fle s the responsblty of ts user who must gve notce to any thrd party of the content of ths dsclamer, under penalty of beng held lable for the losses that dsregard therefore mght cause to or to any thrd party. The Funds / Sub-Funds ncluded n ths fle may be denomnated n a currency other than EUR and for that reason, for each Fund / Sub-Fund t s presented the respectve currency. All calcul are based on the prce of the Fund's / Sub-Fund's share expressed n the respectve currency. Therefore, the returns and volatlty presented for Funds / Sub-Funds denomnated n dfferent currences are not drectly comparable. The share prces presented and used n the calculaton of returns and volatlty refer to the followng share classes: Share Class A for SICAV F&C Portfolos Fund; Share Class B Accumulaton for SICAV Schroder Internatonal Selecton Fund (SISF); and Share Class A for SICAV FIdelty I and SICAV Fdelty II. The returns and rsk classes presented for Comstage ETF's Funds are based on the respectve NAV (Net Asset Value). Ths means that the prces negotated n the stock exchange are not taken nto consderaton. Therefore, also the prce presented for these Funds s the respectve NAV and not any prce negotated n the stock exhange. The calculatons do not nclude subscrpton and redempton fees, as well as any other charges or expenses pad drectly by the unt-holders. These fees and other expenses vary n accordance wth the condtons set out n the Prospectus of each Fund / Sub-Fund. Share Prces are presented net from management and depostary fees. The Categores of the Funds / Sub-Funds presented n ths fle are defned by the Management Companes that are also responsble for the ncluson of the Funds / Sub-Funds nto those categores. Unlke Portuguese domcled Investment Funds, the Funds / Sub-Funds presented n ths fle are not subject to wthholdng tax n Portugal and, therefore, the share prces presented are gross from due taxes. Investors to these Funds that are Portuguese resdents are subject to taxaton at the tme of rembursement, at a separate rate of 28% (f the nvestor s a Portuguese resdent ndvdual). If the nvestor s a company subject to Corporate Income Tax (IRC), the ncome obtaned from the partcpaton must be added to the total annual taxable proft of the company and taxed accordngly. In case of sale to another nvestor (secondary market), the ncome obtaned from that sale s consdered a captal gan and the tax regme for captal gans apples. From the above explanaton t follows that both returns and volatlty presented n ths fle are gross from taxes and therefore t s not possble to compare drectly the returns and volatlty presented for Portuguese domcled Funds wth those of Foregn domcled Funds, even f they have smlar nvestment polces. METHODOLOGY RETURNS The returns are calculated from the share Funds, whch are net from management and depostary fees but gross from taxes, because these Funds are not subject to wthholdng taxes. Calculaton s made n accordance wth the formulae below that assume that dvdends are renvested free of subscrpton fees at the followng prce that reflects the decrease caused by the dvdend. The returns are calculated based on the share prces expressed n the currency of the Fund / Sub-Fund. The calculaton of returns does not take nto account any subscrpton or redempton fees. CUMULATIVE RETURN = UP f f UP 1 + R j UP j 1 ANNUALIZED RETURN = UP f f UP 1 + R j UP j 365 n 1 VOLATILITY Obtaned from the standard devaton of weekly returns, or monthly returns f the Fund do not dsclose ts prce on a weekly bass, accordng to the followng formulae: VOLATILITY = m T 1 x x x = UP t UPt R j UPj 1 x = 1 n x UP f - Prce of the Fund at the end of the calculaton perod UP - Prce of the Fund at the begnnng of the calculaton perod R j - Dvdend pad by the Fund at tme j UP d - Prce of the Fund after the dvdend s pad at tme d n - Number of days of the calculaton perod UP t - Prce of the Fund at the last busness day of the week / month t m Equal to 52 or 12 dependng f the consdered returns are weekly or monthly T - Number of weekly / monthly returns observed n the calcularon perod RISK CLASSES The classfcaton of the level of rsk s made n accordance wth the followng table: Rsk Volatlty gap Classes Greater than or equal to Less than % 0.50% % 2.00% % 5.00% % 10.00% % 15.00% % 25.00% %
2 COMSTAGE ETFs European Equty Funds ComStage CAC 40 Leverage UCITS ETF EUR ComStage CAC 40 Short GR UCITS ETF EUR ComStage CAC 40 UCITS ETF EUR ComStage DAX TR UCITS ETF EUR ComStage EURO STOXX 50 NR UCITS ETF EUR ComStage PSI20 Lev. UCITS ETF EUR ComStage PSI20 UCITS ETF EUR ComStage ShortDAX TR UCITS ETF EUR Amercan Equty Funds ComStage Dow Jones Ind. Average UCITS ETF USD ComStage Nasdaq 100 UCITS ETF USD ComStage S&P 500 UCITS ETF USD Asan Equty Funds ComStage Nkke 225 UCITS ETF JPY , Global Equty Funds ComStage MSCI Emerg. Mark.TRN UCITS ETF USD ComStage MSCI World TRN UCITS ETF USD SICAV F&C PORTFOLIOS FUND Bond Funds F&C - Emergng Markets Bond USD F&C - European Hgh Yeld Bond EUR F&C - Global Convertble Bond EUR Equty Funds BMO Responsble Glob Emerg Mkt Equty* USD F&C - European Equty EUR F&C - European Small Cap EUR F&C - Japanese Equty EUR F&C - US Smaller Companes USD * - BMO Responsble Global Emergng Markets Equty was prevously named F&C - Global Emergng Markets Portfolo SICAV FIDELITY I Cash Funds FF Euro Cash Fund EUR FF USD Cash Fund USD Bond Funds FF Asan Bond Fund USD FF Asan Hgh Yeld Fund - EUR EUR FF Emergng Market Debt Fund USD FF Euro Bond Fund EUR FF Euro Corporate Bond Fund EUR FF European Hgh Yeld Fund EUR FF Internatonal Bond Fund USD FF US Hgh Yeld Fund - EUR EUR FF US Hgh Yeld Fund - USD USD Balanced Funds FF Euro Balanced Fund EUR FF Growth & Income Fund USD FF Mult Asset Strategc Fund USD FF Mult Asset Strategy Defensve EUR
3 SICAV FIDELITY I (Cont.) Asset Allocaton Funds FF Fdelty Geston Equlbre EUR FF SMART Global Defensve Fund EUR FF SMART Global Moderate Fund USD FF Target 2020 Fund USD FF Target 2035 ACC EUR FF Target 2040 ACC EUR FF Target TM 2015 Euro EUR FF Target TM 2020 Euro EUR FF Target TM 2025 Euro EUR FF Target TM 2030 Euro EUR FF Target TM 2035 Euro EUR FF Target TM 2040 Euro EUR European Equty Funds FF Euro Blue Chp Fund EUR FF Euro Stoxx 50 Fund EUR FF European Dvdend Fund EUR FF European Dynamc Growth EUR FF European Fund EUR FF European Growth Fund EUR FF European Larger Companes Fund EUR FF European Smaller Companes Fund EUR FF European Value Fund EUR FF Fdelty Sélecton Europe EUR FF France Fund EUR FF Germany Fund EUR FF Ibera Fund EUR FF Italy Fund EUR FF Nordc Fund SEK , FF Swtzerland Fund CHF FF Unted Kngdom Fund GBP Amercan Equty Funds FF Amerca Fund USD FF Amerca Fund EUR Shares EUR FF Amercan Dversfed Fund USD FF Amercan Growth Fund USD FF Latn Amerca Fund USD Japanese Equty Funds FF Japan Advantage Fund JPY , FF Japan Fund JPY FF Japan Fund EUR shares EUR FF Japan Smaller Companes Fund JPY , Asa-Pacfc (ex-japan) Equty Funds FF Asean Fund USD FF Asa Focus Fund EUR EUR FF Asa Focus Fund USD USD FF Asan Smaller Companes Fund USD USD FF Asan Specal Stuatons Fund USD FF Australa Fund AUD FF Chna Consumer Fund USD FF Chna Focus Fund USD FF Chna Opportuntes Fund USD USD FF Emergng Asa Fund - EUR EUR FF Greater Chna Fund USD FF Inda Focus USD FF Inda Focus EUR EUR FF Indonesa Fund USD FF Korea Fund USD FF Malaysa Fund USD FF Pacfc Fund USD FF Sngapore Fund USD FF Tawan Fund USD FF Thaland Fund USD Internatonal Equty Funds FF Emergng Markets Fund USD FF Fdelty Sélecton Internatonale EUR FF Global Focus EUR Fund EUR FF Global Focus Fund USD FF Global Focus GBP Fund GBP FF Internatonal Fund USD FF Internatonal Fund EUR shares EUR FF World Fund EUR
4 SICAV FIDELITY I (Cont.) Global Sector Equty Funds FF Global Consumer Industres Fund EUR FF Global Fnancal Servces Fund EUR FF Global Health Care Fund EUR FF Global Industrals Fund EUR FF Global Opportuntes Fund EUR FF Global Property Fund USD FF Global Technology Fund EUR FF Global Telecommuncatons Fund EUR SICAV FIDELITY II Currency Funds FF II - US Dollar Currency Fund USD SCHRODER INTERNATIONAL SELECTION FUND SICAV Lqudty Funds Schroder Euro Lqudty EUR Schroder USD Lqudty USD Bond Funds (Manstream) Schroder Euro Bond EUR Schroder EURO Government Bond EUR Schroder Euro Short Term Bond EUR Schroder Global Bond USD Schroder Global Bond EUR Hdg EUR Schroder Global Inflaton Lnked Bond EUR Schroder US Dollar Bond USD Schroder US Dollar Bond Hedge EUR
5 SCHRODER INTERNATIONAL SELECTION FUND SICAV (Cont.) Bond Funds (Specalst) Schroder Asan Convert. Bond Eur Hdg EUR Schroder Asan Convertble Bond USD Schroder Asan Local Currency Bond USD Schroder Emergng Market Bond USD Schroder Emg Mark Corporate Bd EUR Hdg EUR Schroder Emg Mark Soveregn Bd EUR Hdg EUR Schroder Emg Market Bond EUR Hdg EUR Schroder Emg Market Corporate Bond USD Schroder Emg Market Soveregn Bond USD Schroder Euro Corporate Bond EUR Schroder Euro Credt Convcton EUR Schroder Glb Corporate Bond EUR Hdg EUR Schroder Glb Hgh Yeld EUR Hdg EUR Schroder Global Convert.Bond Eur Hdg EUR Schroder Global Convertble Bond USD Schroder Global Corporate Bond USD Schroder Global Credt Duraton Hdg EUR Schroder Global Hgh Yeld USD Schroder Strategc Bd EUR Hdg EUR Schroder Strategc Bond USD Absolute Return Funds Schroder Asan Bond Absolute Return USD Schroder Em. Mkt Debt Abs Ret EUR Hdg EUR Schroder Emg. Markets Debt Abs Return USD Schroder European Alpha Absolute Return EUR Schroder European Equty Absolute Return EUR Mult-Asset Funds Schroder Global Dversfed Growth EUR Schroder Global Mult-Asset Allocaton USD Schroder Global Mult-Asset Balanced EUR Schroder Global Mult-Asset Income USD Schroder Global Mult-Asset Income EUR Hdg EUR Schroder Wealth Preservaton EUR EUR Equty Alpha Funds Schroder European Equty Alpha EUR Schroder Global Equty Alpha USD Equty Funds (Manstream) Schroder Asan Opportuntes USD Schroder Euro Equty EUR Schroder European Large Cap EUR Schroder Global Equty USD Schroder Italan Equty EUR Schroder Japanese Equty JPY Schroder Swss Equty CHF Schroder UK Equty GBP Schroder US Large Cap Eur Hedge EUR Schroder US Large Cap USD Equty Funds (Quanttatve) Schroder QEP Glb Actve Value Eur Hdg EUR Schroder QEP Global Actve Value USD Schroder QEP Global Qualty USD
6 SCHRODER INTERNATIONAL SELECTION FUND SICAV (Cont.) Equty Funds (Specalst) Schroder Asa Pacfc Property Sec USD Schroder Asan Equty Yeld USD Schroder Asan Smaller Companes USD Schroder Asan Total Return USD Schroder Brc (Braz, Ru, In, Ch) USD Schroder Chna Opportuntes USD Schroder Emergng Asa USD Schroder Emergng Europe EUR Schroder Emergng Markets USD Schroder European Dv Maxmser EUR Schroder European Equty Yeld EUR Schroder European Opportuntes EUR Schroder European Smaller Comp. EUR Schroder European Specal Sts EUR Schroder European Total Return EUR Schroder Fronter Mkts Equty USD Schroder Glb Clmate Change Eq Eur Hdg EUR Schroder Glb Em Markets Opportuntes USD Schroder Glb Em Markets Smaller Companes USD Schroder Glb Prop. Securtes EUR Hdg EUR Schroder Global Clmate Change Equty USD Schroder Global Dv Maxmser USD Schroder Global Energy USD Schroder Global Equty Yeld USD Schroder Global Property Securtes USD Schroder Global Recovery USD Schroder Global Smaller Companes USD Schroder Greater Chna USD Schroder Hong Kong Equty HKD Schroder Indan Equty USD Schroder Japanese Smaller Comp. JPY Schroder Korean Equty USD Schroder Latn Amercan USD Schroder Mddle East USD Schroder Swss Equty Opportuntes USD Schroder Swss Small & Md Cap CHF Schroder Tawanese Equty USD Schroder US Small & Md-Cap Eq Hdg EUR Schroder US Small & Md-Cap Equty USD Schroder US Smaller Companes USD (1) Expressed n the Fund / Sub-Fund's currency
Performance of Foreign Mutual Funds marketed in Portugal
10 21 30 31 42 47 48 49 51 73 74 85 75 76 77 79 86 Performance of Foregn Mutual Funds marketed n Portugal Date: 08-01-2016 DISCLAIMER The nformaton contaned n ths fle has been drawn up n accordance wth
Performance of Foreign Mutual Funds marketed in Portugal
10 21 30 31 42 47 48 49 51 73 74 85 75 76 77 79 86 Performance of Foregn Mutual Funds marketed n Portugal Date: 14-08-2015 DISCLAIMER The nformaton contaned n ths fle has been drawn up n accordance wth
Performance of Foreign Mutual Funds marketed in Portugal
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