ASSET-BACKED COMMERCIAL PAPER 80,000,000 ANGLESEA FUNDING LLC (MULTI-CEP) 06/9/208 04/23/208 ANGLESEA FUNDING 0347M5HB8 2.02 LLC 34,500,000 ANGLESEA FUNDING LLC (MULTI-CEP) 06/8/208 04/8/208 ANGLESEA FUNDING 0347M5HG7 0.87 LLC 25,000,000 BEDFORD ROW FUNDING CORP. (CEP-ROYAL BANK OF CANADA) 05/07/208 05/07/208 ROYAL BANK OF 07644BE73 + CANADA 26,000,000 BENNINGTON STARK CAPITAL CO. (CEP-SOCIETE GENERALE S.A.) 04/03/208 04/03/208 SOCIETE GENERALE 08224MD35 3.8 SA 25,000,000 BENNINGTON STARK CAPITAL CO. (CEP-SOCIETE GENERALE S.A.) 04/09/208 04/09/208 SOCIETE GENERALE 08224MD92 SA 3,200,000 CAFCO 05/7/208 05/7/208 CITIGROUP INC 247P3EH 0.08 50,000,000 COLLATERALIZED COMMERCIAL PAPER CO., LLC (CEP-JPMORGAN 05/0/208 05/0/208 JPMORGAN CHASE & 9422GE8 SECURITIES LLC) CO 65,000,000 CRC FUNDING LLC 05//208 05//208 CITIGROUP INC 269UEB3.64 35,000,000 EBURY FINANCE LLC (MULTI-CEP) 04/02/208 04/02/208 EBURY FINANCE LLC 27873KD25 0.88 40,000,000 INSTITUTIONAL SECURED FUNDING LTD (MULTI-CEP) 04/03/208 04/03/208 INSTITUTIONAL 45779QD37 SECURED FUNDING LLC.0 45,000,000 KELLS FUNDING LLC (CEP-FMS WERTMANAGEMENT) 05/29/208 05/29/208 GERMANY (FEDERAL 48803TGJ7 +.4 REPUBLIC OF) 25,000,000 KELLS FUNDING LLC (CEP-FMS WERTMANAGEMENT) 04/03/208 04/03/208 GERMANY (FEDERAL 48803MGX + REPUBLIC OF) 75,000,000 MANAGED AND ENHANCED TAP (MAGENTA) FUNDING ST (CEP-NATIXIS 04/03/208 04/03/208 GROUPE BPCE XS767078873 S.A.).89 5,000,000 MATCHPOINT FINANCE PLC (CEP-BNP PARIBAS S.A.) 06/04/208 06/04/208 BNP PARIBAS SA 57666BF47 0.38 50,000,000 NIEUW AMSTERDAM RECEIVABLES CORP (CEP-COOPERATIEVE 05/09/208 05/09/208 COOPERATIEVE 65409SE95 RABOBANK UA) RABOBANK UA 20,000,000 NIEUW AMSTERDAM RECEIVABLES CORP (CEP-COOPERATIEVE 04/03/208 04/03/208 COOPERATIEVE 65409SD39 RABOBANK UA) RABOBANK UA 0.50 32,685,000 OLD LINE FUNDING LLC 04/02/208 04/02/208 ROYAL BANK OF 67983UD26 + 0.83 CANADA Page of 8 CM-PH-USD-E 4/8
746,385,000 ASSET-BACKED COMMERCIAL PAPER TOTAL 8.84 ASSET-BACKED COMMERCIAL PAPER (INTEREST BEARING) 50,000,000 COLLATERALIZED COMMERCIAL PAPER CO., LLC (CEP-JPMORGAN 04/03/208 04/03/208 JPMORGAN CHASE & 9423ECR7 SECURITIES LLC) CO 90,000,000 CROWN POINT CAPITAL CO., LLC-SERIES A (CEP-CREDIT SUISSE AG) 04/2/208 04/2/208 CREDIT SUISSE 22845ACJ7 2.27 GROUP AG 55,000,000 CROWN POINT CAPITAL CO., LLC-SERIES A (MULTI-CEP) 05/03/208 04/0/208 CREDIT SUISSE 22845ACM0.39 GROUP AG 47,000,000 RIDGEFIELD FUNDING CO. LLC (CEP-BNP PARIBAS S.A.) 05/2/208 04/20/208 BNP PARIBAS SA 76582EBL8.9 242,000,000 ASSET-BACKED COMMERCIAL PAPER (INTEREST BEARING) TOTAL 6. CERTIFICATES OF DEPOSIT 50,000,000 ABN AMRO BANK NV 05/04/208 05/04/208 ADMINISTRATIEKANT OOR BEHEER FINANCIELE INSTELLINGEN STG XS662322 95,000,000 BANK OF AMERICA NA 04/6/208 04/6/208 BANK OF AMERICA 06053PYY7 2.40 CORP 25,000,000 CHINA CONSTRUCTION BANK CORP 04/09/208 04/09/208 CHINA 6955A5S3 CONSTRUCTION BANK CORP 37,000,000 CHINA CONSTRUCTION BANK CORP 04/30/208 04/30/208 CHINA 689U5V9 CONSTRUCTION BANK CORP 0.93,000,000 MITSUBISHI UFJ TRUST & BANKING CORP. 06/0/208 04/02/208 MITSUBISHI UFJ 60683BCH4 FINANCIAL GROUP INC 2.80 4,500,000 OVERSEA-CHINESE BANKING CORP. LTD. 06/0/208 06/0/208 OVERSEA-CHINESE 69033L2D0 BANKING CORPORATION LTD + 0. 55,000,000 SUMITOMO MITSUI BANKING CORP. 04/6/208 04/6/208 SUMITOMO MITSUI 86563YT86 FINANCIAL GROUP INC.39 Page 2 of 8 CM-PH-USD-E 4/8
CERTIFICATES OF DEPOSIT 05,000,000 SUMITOMO MITSUI BANKING CORP. 04//208 04//208 SUMITOMO MITSUI 86563YS46 FINANCIAL GROUP INC 2.65 0,000,000 WELLS FARGO BANK, N.A. 0/8/209 04/9/208 WELLS FARGO & 94989RXK9 0.25 COMPANY 35,000,000 WELLS FARGO BANK, N.A. 2/05/208 04/05/208 WELLS FARGO & 94989RUJ5 0.88 COMPANY 50,000,000 WELLS FARGO BANK, N.A. 0/0/209 04/2/208 WELLS FARGO & 94989RWR5 COMPANY 70,000,000 WELLS FARGO BANK, N.A. 0/04/209 04/04/208 WELLS FARGO & 94989RW.77 COMPANY 647,500,000 CERTIFICATES OF DEPOSIT TOTAL 6.35 COMMERCIAL PAPER 50,000,000 BANK NEDERLANDSE GEMEENTEN NV 04/05/208 04/05/208 BANK NEDERLANDSE XS80230496 + GEMEENTEN NV 50,000,000 BANQUE ET CAISSE D'EPARGNE DE L'ETAT 06//208 06//208 LUXEMBOURG 0667KFB2 + (GRAND DUCHY OF) 50,000,000 CAISSE DES DEPOTS ET CONSIGNATIONS 05/5/208 05/5/208 FRANCE (REPUBLIC 2800BEF5 + OF) 0,000,000 DBS BANK LTD. 06/04/208 06/04/208 DBS GROUP 23305EF40 + 0.25 HOLDINGS LTD 50,000,000 DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTSBANK (NEW YORK BRANCH 04/03/208 04/03/208 DZ BANK AG DEUTSCHE ZENTRAL-GENOSSEN SCHAFTSBANK 26820QD36 + 25,000,000 ERSTE ABWICKLUNGSANSTALT 05/03/208 05/03/208 ERSTE 29604DE30 ABWICKLUNGSANSTA LT + 47,000,000 ERSTE ABWICKLUNGSANSTALT 05/29/208 05/29/208 ERSTE 29604DEV8 ABWICKLUNGSANSTA LT +.9 50,000,000 FIRST ABU DHABI BANK PJSC 04/02/208 04/02/208 FIRST ABU DHABI 3849MD24 + 3.79 BANK PJSC Page 3 of 8 CM-PH-USD-E 4/8
COMMERCIAL PAPER 73,000,000 J.P. MORGAN SECURITIES LLC 06/0/208 06/0/208 JPMORGAN CHASE & 46640Q4.84 CO 75,000,000 NEDERLANDSE WATERSCHAPSBANK N.V. 05/02/208 05/02/208 NEDERLANDSE 63975VE22 WATERSCHAPSBANK NV +.89 8,650,000 W BANK 05/09/208 05/09/208 NORDRHEIN-WESTFA 62939ME94 + 0.47 LEN LAND OF 25,000,000 OVERSEA-CHINESE BANKING CORP. LTD. 06/07/208 06/07/208 OVERSEA-CHINESE 69034BF70 BANKING CORPORATION LTD + 25,000,000 OVERSEA-CHINESE BANKING CORP. LTD. 04/26/208 04/26/208 OVERSEA-CHINESE 69034BDS6 BANKING CORPORATION LTD + 62,000,000 UBS AG (LONDON BRANCH) 06/2/208 06/2/208 UBS GROUP AG 9035XFC2.57 70,650,000 COMMERCIAL PAPER TOTAL 7.94 COMMERCIAL PAPER (INTEREST BEARING) 50,000,000 COMMONWEALTH BANK OF AUSTRALIA 2/28/208 04/30/208 COMMONWEALTH 20272AZP4 + BANK OF AUSTRALIA 50,000,000 HSBC BANK PLC 04/06/208 04/06/208 HSBC HOLDINGS PLC 40433FJK6 + 65,000,000 ING (US) FUNDING LLC 07/05/208 04/05/208 ING GROEP NV 44988KDV8.64 50,000,000 NATIONAL AUSTRALIA BANK LTD. 04/06/208 04/06/208 NATIONAL 63254GER2 AUSTRALIA BANK LIMITED + 27,000,000 OVERSEA-CHINESE BANKING CORP. LTD. 05/8/208 04/8/208 OVERSEA-CHINESE 69034CEE4 BANKING CORPORATION LTD + 0.68 50,000,000 TORONTO-DOMINION BANK 0/04/209 04/04/208 TORONTO-DOMINION 8920DCH0 + BANK/THE 42,500,000 TOYOTA MOTOR CREDIT CORP. 05/04/208 04/09/208 TOYOTA MOTOR 89233AXH7 + (P).07 CORPORATION 50,000,000 TOYOTA MOTOR FINANCE B.V. 04/24/208 04/24/208 TOYOTA MOTOR 89233LAL9 + CORPORATION Page 4 of 8 CM-PH-USD-E 4/8
COMMERCIAL PAPER (INTEREST BEARING) 50,000,000 UBS AG (LONDON BRANCH) 2/28/208 04/02/208 UBS GROUP AG 90276JCL8 30,000,000 UBS AG (LONDON BRANCH) 06/20/208 04/20/208 UBS GROUP AG 90276JAK2 0.76 20,000,000 UBS AG (LONDON BRANCH) 0/02/209 04/03/208 UBS GROUP AG 90276JCN4 0.50 80,000,000 WESTPAC BANKING CORP. 0/02/209 04/03/208 WESTPAC BANKING 962C4XY2 + 2.02 CORP 564,500,000 COMMERCIAL PAPER (INTEREST BEARING) TOTAL 4.25 EURO CERTIFICATE OF DEPOSIT - 0% CPN 50,000,000 ABN AMRO BANK NV 06/07/208 06/07/208 ADMINISTRATIEKANT OOR BEHEER FINANCIELE INSTELLINGEN STG XS769730307 50,000,000 ABN AMRO BANK NV 05/5/208 05/5/208 ADMINISTRATIEKANT OOR BEHEER FINANCIELE INSTELLINGEN STG XS668252296 25,000,000 KBC BANK N.V. 04/9/208 04/9/208 KBC GROEP NV BE6307867 45,000,000 KBC BANK N.V. 04/23/208 04/23/208 KBC GROEP NV BE630759575.4 80,000,000 KBC BANK N.V. 04/30/208 04/30/208 KBC GROEP NV BE630944482 2.02 250,000,000 EURO CERTIFICATE OF DEPOSIT - 0% CPN TOTAL 6.3 REPURCHASE AGREEMENT 200,000,000 CREDIT AGRICOLE CORPORATE & INVESTMENT BANK S.A. 04/02/208 04/02/208 US GOVT COLL BIV36HUA 5.05 00,000,000 MERRILL LYNCH PIERCE FENNER & SMITH, INC. 04/02/208 04/02/208 US GOVT COLL BIV36HUN3 2.52 50,000,000 MERRILL LYNCH PIERCE FENNER & SMITH, INC. 04/02/208 04/02/208 US TREASURY BIV36HU45 3.79 COLLATERAL 450,000,000 REPURCHASE AGREEMENT TOTAL.36 Page 5 of 8 CM-PH-USD-E 4/8
TIME DEPOSITS 80,000,000 AUSTRALIA & NEW ZEALAND BANKING GROUP, LTD. 04/02/208 04/02/208 AUSTRALIA AND NEW BIV36HWN ZEALAND BANKING GROUP LTD + 4.54 9,82,793 BNP PARIBAS S.A. 04/02/208 04/02/208 BNP PARIBAS SA BIV36J6M8 0.50 50,000,000 LLOYDS BANK PLC 04/02/208 04/02/208 LLOYDS BANKING BIV36HWB7 3.79 GROUP PLC 349,82,793 TIME DEPOSITS TOTAL 8.83 3,960,847,793 GRAND TOTAL 00.00 Page 6 of 8 CM-PH-USD-E 4/8
Important Information (continued) All data provided by Invesco unless otherwise noted. * Multi Credit Enhancement Providers (CEP) - 00% CEP rated minimum //F- or comparable long term rating. # Open security with one-day demand. A credit rating is an assessment provided by a nationally recognized statistical rating organization (SRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Short-term credit ratings are measured on a scale that generally range from // (highest) to SP-3/NP/D (lowest) for Standard & Poor's, and Ratings, respectively. Standard & Poor's and ratings will also denote those securities that possess extremely strong safety characteristics with a plus sign (+) designation. Not Rated () indicates the debtor was not rated, and should not be interpreted as indicating low quality. Ratings are subject to change without notice. For more information on rating methodologies, please visit the following Nationally Recognized Statistical Ratings Organization websites: www.standardandpoors.com and select Understanding Ratings under Rating Resources on the homepage; www.moodys.com and select Rating Methodologies under Research and Ratings on the homepage; www.fitchratings.com and select Ratings Definitions on the homepage. Underlying short-term ratings are not an indication of Fund performance. holdings and characteristics are subject to change. Holdings are as of the date shown and may not represent current or future portfolio holdings. This portfolio data has not been audited or adjusted for certain financial statement reclassifications. An audit could potentially result in adjustments to this data. For month-end portfolio data that coincides with your fund s quarterly, semi-annual, or annual reports, you should refer to those reports for the most accurate listing of portfolio holdings. This document has been prepared solely for information purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell the fund to any person in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it would be unlawful to market such an offer or solicitation. It is not intended to provide specific investment advice including, without limitation, investment, financial, legal, accounting or tax advice, or to make any recommendations about the suitability of the Fund for the circumstances of any particular investor. Investors should read the relevant prospectus for details, including the risk factors and product features. Neither Invesco nor any affiliate of Invesco Limited guarantee the return of capital, distribution of income or the performance of the fund. Asset management services are provided by Invesco in accordance with appropriate local legislation and regulations. Investors should read the Key Investor Information document or the Prospectus and Supplements for detailed information on the funds. The Key Investor Information document is not available for investors in Hong Kong and Singapore. Investors should note an investment in the Fund is not the same as placing Funds on deposit with a bank or deposit-taking company and redemptions will take place at the Net Asset Value per share. The value of any investments and income from the fund will fluctuate (for investors investing from a currency other than the currency of the fund, this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Past performance and any reference to a ranking or rating, provides no guarantee for future performance results and is not constant over time. As with all investments, there are associated inherent risks. Where Invesco has expressed views and opinions, these may change. While great care has been taken to ensure that the information contained herein is accurate, no responsibility can be accepted for any errors, mistakes or omissions or for any action taken in reliance thereon. The distribution and the offer of this fund in certain jurisdictions may be restricted by law. Persons into whose possession this document may come are required to inform themselves about and to comply with any relevant restrictions. Persons interested in investing in the fund should inform themselves as to (i) the legal requirements in the countries of their nationality, residence, ordinary residence or domicile; (ii) any foreign exchange controls and (iii) any relevant tax consequences. The fund is not registered under any US securities law, and may not be offered or sold in the USA, its territories or possessions, nor to any US persons. There are some important differences when referring to money market funds on a global platform. In the European Union there are guidelines (set out by the European Securities and Markets Authority (ESMA)) defining two categories of money market funds. Short-Term Money Market Funds which encompass Stable Net Asset Value funds with a maximum average maturity of 60 days; and Money Market Funds which can have a variable net asset value and invest in slightly longer dated instruments. Invesco Global Liquidity's money market funds referred to in this document are defined as Short-Term Money Market Funds. In the US, Invesco Global Liquidity also has funds managed on the same basis. The fund is not offered for sale in any jurisdiction in which the fund is not authorized to be publicly sold. The fund is available only in jurisdictions where its promotion and sale is permitted. Additional information for Professional Clients in France, Italy, Luxembourg, The Netherlands, Germany, Dubai, Isle of Man, Jersey and Guernsey and the UK: This document does not form part of any prospectus. Please refer to the most up to date relevant fund and share class-specific Key Investor Information Document, the Prospectus, Annual and Semi-Annual Financial Report for more information on our funds. Further information and fund registration details on our products, as well as the fund and share class specific Key Investor Information Document, the Prospectus, the Annual and Semi-Annual Financial Report are available by contacting your local Invesco office and at invescoglobalcash.com. The Fund is available only in jurisdictions where its promotion and sales is permitted. Not all share classes of this Fund may be available for sale in all jurisdictions and not all share classes are the same nor do they necessarily suit every investor. With regard to the share classes, there are variations in relation to characteristics such as the fee structures and minimum investment amounts. The Fund and/or non-registered share classes may only be distributed in other jurisdictions in Continental Europe without public solicitation and in compliance with the private placement rules set forth in the laws, rules and regulations of the jurisdictions concerned. - Issued in France by Invesco Asset Management SA, 6-8 rue de Londres, 75009 Paris, France. Institutional and Institutional Accumulation Classes of the US Dollar Liquidity of Short-Term Investments Company (STIC Global) plc ( STIC Global ) are registered in jurisdiction. - Issued in Italy by Invesco Asset Management SA - Sede Secondaria, Via Bocchetto 6, 2023 Milan - Italy. Institutional Accumulation Class of the US Dollar Liquidity of Short-Term Investments Company (STIC Global) plc ( STIC Global ) is registered in jurisdiction. Share Class registered for professional clients only. - Issued in Luxembourg by Invesco Asset Management SA, 6-8 rue de Londres, 75009 Paris, France. Institutional, Institutional Accumulation and Command Classes of the US Dollar Liquidity of Short-Term Investments Company (STIC Global) plc ( STIC Global ) are registered in jurisdiction. - Issued in the Netherlands by Invesco Asset Management S.A. Dutch Branch, Vinoly Building, Claude Debussylaan 26, 082 MD, Amsterdam, Netherlands. Institutional, Institutional Accumulation, Corporate and Investor Classes of the US Dollar Liquidity of Short-Term Investments Company (STIC Global) plc ( STIC Global ) are registered in jurisdiction. - Issued in Germany by Invesco Asset Management Deutschland GmbH, An der Welle 5, 60322 Frankfurt am Main, Germany. Corporate, Institutional and Institutional Accumulation Classes of the US Dollar Liquidity of Short-Term Investments Company (STIC Global) plc ('STIC Global') are registered in jurisdiction. - Issued in Dubai by Invesco Asset Management Limited, PO Box 506599, DIFC Precinct Building No 4, Level 3, Office 305, Dubai, United Arab Emirates. Regulated by the Dubai Financial Services Authority. - Issued in the Isle of Man by Invesco Global Liquidity, a division of Invesco Asset Management Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire, RG9 HH, United Kingdom. Authorised and regulated by the Financial Conduct Authority. The fund detailed in this document is an unregulated scheme that cannot be promoted to retail clients in the Isle of Man. The participants in the scheme will not be protected by any statutory compensation scheme. - Issued in Jersey and Guernsey by Invesco International Limited, 2nd Floor, Orviss House, 7a Queen Street, St Helier, Jersey, JE2 4WD. Regulated by the Jersey Financial Services Commission. - Issued in the UK by Invesco Global Liquidity, a division of Invesco Asset Management Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire, RG9 HH, UK. Authorised and regulated by the Financial Conduct Authority. For the purposes of UK law the fund mentioned in this document is a recognised scheme under section 264 of the Financial Services & Markets Act 2000. Page 7 of 8 CM-PH-USD-E 4/8
Additional information for Investors in Hong Kong: The Fund as mentioned in this document is not authorized by the Securities and Futures Commission ( SFC ) in Hong Kong. This document is provided to professional investors (as defined in the Hong Kong Securities and Futures Ordinance and the Securities and Futures (Professional Investor) Rules) only in Hong Kong. This document is for informational purposes only and is not an invitation to subscribe for shares in a fund nor is it to be construed as an offer to buy or sell any financial instruments. It is not intended for and should not be distributed to, or relied upon, by members of the public or retail investors. Circulation, disclosure, or dissemination of all or any part of this document to any unauthorized persons is prohibited. Investment involves risks. Past performance is not indicative of future performance. Eligible investors should read the relevant legal offering documents for details, including the risk factors and product features. A decision to invest in a fund must be based on the most up-to-date legal offering documents. - Issued in Hong Kong by Invesco Hong Kong Limited 景順投資管理有限公司, 4/F, Champion Tower, Three Garden Road, Central, Hong Kong. Additional information for Investors in Singapore: The Fund as mentioned in this document is registered as a restricted foreign scheme in Singapore. The Fund is not authorized or recognised by the Monetary Authority of Singapore (the "MAS") and the Interests of the Fund are not allowed to be offered to the retail public. Each of the information memorandum of the Fund and any other document or document issued in connection with the offer or sale is not a prospectus as defined in the Securities and Futures Act (the "SFA"). Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply. You should consider carefully whether the investment is suitable for you. This document may not be circulated or distributed, nor may the Interests of the Fund 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 under Section 304 of the SFA, (ii) to a relevant person pursuant to Section 305(), or any person pursuant to Section 305(2), 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. As the Fund is not denominated in Singapore dollars, eligible investors must be aware of their exposure to foreign currency exchange risk. - Issued in Singapore by Invesco Asset Management Singapore Ltd, 9 Raffles Place, #8-0 Republic Plaza, Singapore 04869. Additional information for Financial Intermediaries in the United States: This document is intended for distribution to US financial intermediaries for informational purposes only. The Fund is not registered under any US securities law, and may not be offered or sold directly or indirectly in the US, its territories or possessions, nor to any US citizens or residents. The Fund is not offered for sale in any jurisdiction in which the Fund is not authorized to be publicly sold. The Fund is available only in jurisdictions where its promotion and sale is permitted. The investment performance is denominated in US Dollars. Investors whose primary currency is not in US Dollars are therefore exposed to fluctuations in exchange rates. This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions. For detailed information on the Fund, investors should read the Key Investor Information document and Supplementary Prospectus, which can be obtained from Invesco Global Liquidity, Greenway Plaza, Suite 000, Houston, Texas 77046. This marketing document does not form part of any prospectus. - Issued in the US by Invesco Distributors, Inc., Greenway Plaza, Suite 000, Houston, Texas 77046. Invesco Distributors, Inc. is the appointed US sub-distributor of the STIC Global Funds by Invesco Asset Management Limited in the UK. All entities are wholly owned, indirect subsidiaries of Invesco Ltd. Page 8 of 8 CM-PH-USD-E 4/8