Product fact sheet at 31 March 2014 NAV per unit USD 1.0849 Total NAV USD 243,448,833 Risk/return profile 1 The share class will aim to deliver target double-digit annualised return, for a target annualised volatility of 13-16% over the medium term. Key facts Product type Minimum subscription Minimum holding Launch date Investment manager Administrator Custodian Fund codes Single manager (USD) 30,000 20,000 shares 3-Jan-2008 AHL Partners LLP Man Fund Management (Guernsey) Limited Royal Bank of Canada (Channel Islands) Limited Common 33716192 Common B 33716206 ISIN GG00B29ZYR48 ISIN B GG00B29ZZ042 Valoren 3631343 Valoren B 3631889 Reuters page MAN12 Bloomberg MAHLDGD GU Investment strategy Man AHL Diversified (Guernsey) provides direct and flexible access to the AHL Diversified Programme. The AHL Diversified Programme employs sophisticated computerised processes primarily to identify trends and other opportunities in markets around the world. A stable and finely tuned trading and implementation infrastructure is then employed to capitalise on these trading opportunities. This process is quantitative and primarily directional in nature, and is underpinned by rigorous risk control, ongoing research, diversification and the constant quest for efficiency. The portfolio structure and constituents are regularly reviewed by the investment management team and allocations may change to access other sectors and markets. Investment philosophy A cornerstone of the AHL investment philosophy is that financial markets experience persistent inefficiencies in various forms, such as price trends. AHL uses heavily researched models which analyse historic technical and fundamental data with the intent to identify and potentially profit from these inefficiencies. Performance 2 Performance chart 3 26 March 1996 to 31 March 2014 Index value USD (log scale) 1.1 0.9 0.7 0.5 0.3 0.1 Mar-99 Mar-02 Mar-05 Mar-08 Mar-11 Mar-14 Man AHL Diversified (Guernsey) USD World stocks 4 World bonds 5 Performance statistics 26 March 1996 to 31 March 2014 Product World stocks 4 World bonds 5 Last month -0.2 % 0.2 % 0.2 % Last quarter -2.1 % 1.0 % 2.1 % Year to date -2.1 % 1.0 % 2.1 % Last 12 months -8.5 % 18.5 % 1.4 % Last calendar year -2.7 % 28.7 % 0.2 % Total return 743.2 % 210.4 % 170.7 % Annualised return 12.6 % 6.5 % 5.7 % Annualised volatility 16.8 % 14.8 % 2.9 % Sharpe ratio 6 0.57 0.23 0.90 Worst drawdown 7-18.9 % -50.4 % -3.3 % Correlation -0.16 0.33 1 Return and volatility figures quoted are targets and are based over the medium term of Man AHL Diversified (Guernsey) USD on the performance projections of the combined investment strategies with the targeted investment exposures and market interest rates at the time of modelling and therefore may change. 2 Performance from 26 March 1996 to 31 December 2007 is represented by Man AHL Diversified plc, from January 2008 performance of the Man AHL Diversified (Guernsey) USD has been shown. Please note that Man AHL Diversified plc and Man AHL Diversified (Guernsey) USD are valued weekly. However, for comparative purposes, statistics have been calculated using the last weekly valuation for each month. 3 With the introduction of MiFID, performance returns need to be shown on a 12 month rolling basis. As such the MiFID compliant period within the performance chart is shown with a solid line, the non- MiFID period is dashed. The MiFID compliant period from 26 March 1996 to 31 March 2014 Man AHL Diversified (Guernsey) USD has a total return of 743.2 %. 4 MSCI World Net Total Return Index hedged to USD. Benchmark index has been hedged from USD to EUR using the relevant 3 month LIBOR rate differentials. 5 Citigroup World Government Bond Index hedged to USD (Total return). Benchmark index has been hedged from USD to EUR using the relevant 3 month LIBOR rate differentials. 6 Annualised Sharpe ratio is calculated using the average risk-free rate in the appropriate currency over the period analysed. Where an investment has underperformed the risk-free rate, the Sharpe ratio will be negative. Because the Sharpe ratio is an absolute measure of risk adjusted return, negative Sharpe ratios are shown as n/a, as they can be misleading. The risk-free rate used for Sharpe ratio calculation is the 3 month USD LIBOR. 7 Worst drawdown period for Man AHL Diversified (Guernsey) USD: Peak date 29-Dec-2008, Valley date 22-Feb-2010, Length 14 months, Recovery period N/A.
Portfolio Sector allocations 31 March 2014 1 Bonds 28.9 % 2 Currencies 20.5 % 3 Stocks 20.3 % 4 Energies 8.2 % 5 Agriculturals 8.0 % 6 Credit 6.9 % 7 Metals 5.3 % 8 Interest rates 1.8 % 4 5 6 3 7 8 2 1 Attribution (%) 0.9 0.6 0.3 0.0-0.3-0.6 Performance attribution March 2014 1 2 3 4 5 6 7 8 Historical performance 8 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD 2014-2.9 % 1.0 % -0.2 % -2.1 % 2013 2.1 % 0.2 % 1.9 % 6.0 % -3.7 % -8.0 % -2.6 % -0.3 % -3.8 % 6.5 % 0.4 % -0.4 % -2.7 % 2012 0.3 % 2.2 % -1.6 % -1.4 % -1.7 % 2.7 % 1.1 % -2.9 % 1.2 % -3.6 % 1.1 % 1.6 % -1.3 % 2011-3.5 % 1.2 % -4.7 % 4.2 % -1.3 % -1.3 % -0.1 % 6.9 % 0.6 % -6.7 % 1.0 % -2.0 % -6.4 % 2010-2.0 % -0.8 % 5.6 % 2.1 % -1.6 % 1.0 % -2.1 % 6.9 % 1.2 % 8.5 % -8.3 % 5.7 % 16.1 % 2009-2.3 % 0.1 % -6.1 % -4.1 % 0.4 % -3.6 % 0.9 % -0.8 % 2.9 % -1.4 % 2.3 % -5.9 % -16.7 % 2008 3.0 % 2.5 % 4.3 % 0.9 % 3.2 % 1.4 % -6.1 % -3.8 % -0.9 % 14.7 % 1.1 % 5.5 % 27.3 % 2007 7.5 % -2.9 % -7.5 % 8.0 % 2.9 % 4.6 % -3.9 % -3.5 % 5.6 % 9.0 % 4.3 % -4.2 % 19.6 % 2006 3.9 % -0.8 % -2.0 % 8.8 % -3.3 % -1.1 % -5.4 % 1.1 % 1.8 % 0.2 % 0.3 % 3.4 % 6.4 % 2005-6.6 % 4.3 % -1.2 % -2.3 % 2.8 % 7.0 % -0.3 % 2.3 % 4.0 % 0.7 % 6.3 % -0.6 % 16.8 % 2004 4.5 % -1.0 % -0.9 % -4.4 % -3.4 % -4.9 % -2.0 % 1.5 % 2.8 % 7.1 % 6.4 % 0.2 % 5.1 % 2003 6.9 % 8.1 % -8.3 % -1.0 % 13.5 % -4.0 % -0.2 % -0.9 % 1.1 % 2.5 % -3.4 % 8.0 % 22.3 % 2002-3.5 % -4.7 % -2.0 % -1.9 % -0.2 % 13.0 % 5.7 % 2.5 % 8.3 % -9.6 % -4.6 % 10.4 % 11.4 % 2001-0.1 % 2.9 % 11.8 % -6.3 % -2.1 % 1.5 % 1.6 % 0.8 % 16.4 % 0.9 % -4.7 % -2.5 % 19.7 % 2000 1.1 % -0.2 % -2.5 % -4.2 % 7.0 % -5.3 % -2.2 % 3.4 % -0.6 % 4.6 % 3.8 % 14.9 % 19.9 % 1999-4.7 % 2.3 % -2.1 % 6.4 % -3.8 % 2.7 % -2.8 % 3.3 % 2.6 % -4.2 % 4.8 % 2.7 % 6.5 % 1998-2.5 % 5.8 % 1.2 % -2.8 % 4.9 % 3.9 % -0.4 % 19.9 % 0.4 % 0.0 % 2.4 % 3.8 % 41.1 % 1997 3.1 % 6.4 % -2.3 % -4.1 % 0.8 % 4.6 % 9.4 % -8.0 % 2.1 % 2.1 % -2.0 % 10.8 % 23.5 % 1996 4.4 % -2.5 % 0.5 % -2.1 % 0.6 % 10.6 % 8.7 % 9.8 % 3.2 % 37.1 %
8 The net returns are calculated net of management fees of 3%, an introducing brokerage fee of 1% and a custodian fee of 0.025% per annum, and as applicable, incentive fees of 20%. Annual returns presented are based on an investor being invested from the beginning of the fiscal year of the Related Fund. Returns will vary or investors who invested at other times. Important notes The information on this page has been made available by Man AHL Diversified (Guernsey) USD, which is not a member of the Man Group. Source: Man database and Bloomberg. There is no guarantee of trading performance and past or projected performance is no indication of current or future performance/results. World stocks: MSCI World Net Total Return Index hedged to USD. World bonds: Citigroup World Government Bond Index hedged to USD (Total return). Performance for each class of shares may differ. This material is communicated by Man Investments AG. To the extent that it is distributed in the United Kingdom, it is communicated by Man Investments Ltd, which is authorised and regulated by the Financial Conduct Authority. This material is for information purposes only and does not constitute a prospectus, a request/offer, nor a recommendation/solicitation of any kind e.g to buy/subscribe or sell/redeem any of the described investment instruments or to perform other transactions of any kind. The detailed terms and conditions of any of the described investment instruments are subject to substantial qualifications and restrictions, all of which are set out in the relevant prospectus(es). Consequently, this material must be read in conjunction with the relevant prospectus(es), which are available upon request. Distribution of this material is specifically restricted in certain jurisdictions and, in other jurisdictions (for example, EEA member states, Hong Kong and Singapore) the minimum investment permitted may be higher than elsewhere. Alternative investments can involve significant risks, including the possible loss of the principal amount invested, and the value of an investment may go down as well as up. Short term track records are not statistically significant. The estimated performance and/or valuation/nav data ( Performance ) is based on estimated valuations or net asset values calculated by a member of the Man Group and may vary materially from the official valuation or net asset value and consequently are not the price at which shares/bonds (or such other issued instrument) can be subscribed or redeemed. Investors should not rely upon the Performance to make investment decisions or otherwise. The Performance is provided to you for information purposes only and there shall be no right to request any underlying information, calculations or any other details regarding such Performance. None of the Man Group plc, the companies in respect of which Man Group plc is the holding company, the investment products (or the issuers of such products) and any official valuation calculation agent or any other service provider in respect of any product to which the Performance relates make any representation or warranty regarding the accuracy of the Performance nor accept any liability whatsoever in connection with the provision or your use of the Performance. Any reliance on the Performance is entirely at the user s risk. Please note that interests in the investment products may only be purchased or sold in accordance with the terms of the prospectus issued by the investment products (or the issuers of such products) and the price the issuer of such product may quote may be materially different from the valuations set forth herein. Official valuations or net asset values will be subsequently published on www.maninvestments.com when finalised (and such other media or electronic platform as may be outlined in the relevant prospectus) and may be significantly different from the Performance. Man Investments Limited and/or its associates may have an investment in the products mentioned in this material. Actual style/sector allocations are as at the end of the calendar month. The range of investments traded and the allocation to each style/sector may be refined at the discretion of the Investment Manager. This material not suitable for US persons. Hong Kong: To the extent that this material is distributed in Hong Kong, this material is issued by Man Investments (Hong Kong) Ltd and has not been reviewed by the Securities and Futures Commission in Hong Kong. Singapore: To the extent that this material is distributed in Singapore, this material can only be distributed together with the prospectus to institutional, accredited investors and any other relevant person as defined in the prospectus. This material is issued by Man Investments (Singapore) Pte. Ltd. The offer or invitation which is the subject of the prospectus is not allowed to be made to the retail public in Singapore. The prospectus is not a prospectus as defined in the Securities and Futures Act, Chapter 289 of Singapore (the SFA ). Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply. Potential applicants should consider carefully whether the investment is suitable for them. The prospectus has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, the prospectus and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of Shares may not be circulated or distributed, nor may Shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor defined under Section 304 of the SFA; (ii) to a relevant person, or any person pursuant to Section 305 (I), and in accordance with the conditions, specified in Section 305 of the SFA; or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.Please note that the world stocks benchmark used in this report has changed. As of 1 July 2011 the MSCI World total return (net dividends) index will be used instead of the MSCI World price return index. The total return world stocks index will be used to represent world stocks performance in all future reporting. The benchmark will continue to be hedged into Product currency.
IMPORTANT INFORMATION This material is provided to you by Man Investments (USA) Corp, an investment advisor registered by the US Securities and Exchange Commission ( SEC ) and a Commodity Pool Operator registered with the National Futures Association ( NFA ) as authorized by theus Commodity Futures Trading Commission ( CFTC ). The material is distributed by Man Investments Inc. ("Man Investments")which is registered as a broker/dealer with the SEC and is a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The registrations and memberships described herein in no way imply that the SEC, CFTC,NFA, FINRA or SIPC have endorsed any of the referenced entities to provide any of the services discussed herein. Man Investments (USA) Corp and Man Investments Inc. are members of the Man Investments' division of Man Group plc. "Man Group" refers to the group of entities affiliated with Man Group plc. 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Benchmarks and financial indices are shown for illustrative purposes only, may not be available for direct investment, are unmanaged, assume reinvestment of income, do not reflect the impact of any management incentive fees and have limitations when used for comparison or other purposes because they may have different volatility or other material characteristics (such as number andtypes of instruments). The Fund s investments are not restricted to the instruments composing any one index. Certain information is basedon data provided by third-party sources and, although believed to be reliable, has not been independently verified and its accuracyor completeness cannot be guaranteed. This material is intended only for institutional investors, investment professionals, market counterparties or intermediate customers, solely for your information and may not be reproduced or otherwise disseminated in whole or in part without our prior written consent. 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Past performance is no indication or guarantee of future performance Unless otherwise indicated, performance results are net of applicable fees, expenses, presume reinvestment of income and are based on information provided by underlying managers, and all such information since the most recent annual audit is based on estimates provided by underlying managers through the investment manager's most recent mid-month survey of underlying managers and is unaudited and subject to change. No representation is made that a Fund's risk management, investment process, trading performance or investment objectives will or are likely to be achieved or successful or that any Fund or underlying investment will make anyprofit or will not sustain losses. ALTERNATIVE INVESTMENT PRODUCT RISKS AND OTHER DISCLOSURES The alternative investment products described herein are private investment funds (sometimes called hedge funds ). 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IMPORTANT INFORMATION -The Funds represent speculative investments and involve a high degree of risk. An investor could lose all or a substantial portion of his/her investment. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment in a Fund. - An investment in a Fund should be discretionary capital set aside strictly for speculative purposes. -An investment in a Fund is not suitable or desirable for all investors. Only qualified eligible investors may invest in the Funds. - The Funds' offering documents are not reviewed or approved by federal or state regulators. - The Funds may be leveraged (including highly leveraged) and a Fund's performance may be volatile. -An investment in a Fund may be illiquid and there may be significant restrictions on transferring interests in a Fund. There is no secondary market for an investor's investment in a Fund and none is expected to develop. -A Fund may have little or no operating history or performance and may use hypothetical or pro forma performance which may not reflect actual trading done by the manager or advisor and should be reviewed carefully. Investors should not place undue reliance on hypothetical or pro forma performance. - A Fund's discretionary manager or advisor has total trading authority over such Fund. -A Fund may use a single advisor or employ a single strategy, which could mean a lack of diversification and higher risk. -A Fund and its managers or advisors may rely on the trading expertise and experience of third-party managers or advisors, the identity of which may not be disclosed to investors. - A Fund may involve a complex tax structure, which should be reviewed carefully. - A Fund may involve structures or strategies that may cause delays in important tax information being sent to investors. -A Fund may trade commodity interests (directly or indirectly). The risk of loss in trading commodity interests is substantial. - A Fund may execute a substantial portion of trades on foreign exchanges, which could mean higher risk. -A Fund's fees and expenses -which may be substantial regardless of any positive return -will offset such Fund's trading profits. - The Funds are not required to provide periodic pricing or valuation information to investors. - The Funds and their managers/advisors may be subject to various conflicts of interest. The above summary is not a complete list of the risks and other important disclosures involved in investing in the Funds and is subject to the more complete disclosures contained in the Funds' respective confidential offering documents, which must be reviewed carefully. Man Investments Inc., Attn.: Martin Hofstadter 452 Fifth Avenue, 27 th floor New York, NY 10018 (212) 649-6677 Man Investments Inc., Member FINRA and SIPC