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Please see below the GW Top 5 Funds as at 31.12.2017. To find out more information about each of these funds, simply click on the fund name. GW TOP 5 OVERALL FUNDS AS AT 31.12.2017* 1. GW International Equity 2. GW JPMorgan European Equity 3. GW US Dollar Reserve 4. GW JP Morgan Pacific Equity 5. GW Global Strategic Bond GW TOP 5 OVERALL FUNDS THIS YEAR TO 31.12.2017^ 1. GW Sterling Reserve 2. GW US Dollar Reserve 3. GW Euro Reserve 4. GW Global Strategic Bond 5. GW Physical Gold ishares *Please note that these statistics are based on the value, on the given date of Generali Worldwide s net investment into the funds on behalf of investors and not fund performance. ^ Please note that these statistics are based on fund popularity for the year to date period and not fund performance. The calculation is based on the net cash flow into these funds. It is important to note that this document is in no way presenting a recommendation of these funds or suggesting that one fund is better than another fund. Generali Worldwide does not provide investment advice based on individual circumstances. Investment decisions are the responsibility of the investor and any choice of Investments is entirely at their own risk. Page 2 of 13
Active Management Equity Funds GW INTERNATIONAL EQUITY Medium Risk Rating JPMorgan Equity Fund Global 0.75% MSCI World NR Medium November 1991 To achieve a total rate of return in excess of the global equity markets with a research-driven equity portfolio, operating within a structured and risk-controlled framework. The fund offers the opportunity to capture the high returns on offer across equity markets worldwide, while controlling risk by diversifying globally by sector. The investment process focuses on bottom up stock selection within each industry / sector globally based on fundamental research. This approach leverages an extensive research network to identify the most attractively priced securities on a global sector basis. The regional or country allocation of the strategy is therefore a result of the stock-selection process. The most distinctive element in our stock selection process is our commitment to proprietary fundamental research, which is the primary driving force behind the value we add. Currency exposure is managed on a passive basis and hedged back to the benchmark weightings. The investment process focuses on bottom up stock selection within each industry / sector globally based on fundamental research. This approach leverages an extensive research network to identify the most attractively priced securities on a global sector basis. The regional or country allocation of the strategy is therefore a result of the stock-selection process. The most distinctive element in our stock selection process is our commitment to proprietary fundamental research, which is the primary driving force behind the value we add. Currency exposure is managed on a passive basis and hedged back to the benchmark weightings. Generali Worldwide International Equity is a US dollar denominated life fund established under Guernsey Law. The fund is valued and priced weekly, with the prices being calculated in three currencies US Dollar, Sterling and Euro.
Active Management Equity Funds GW JPMORGAN EUROPEAN EQUITY Medium Risk Rating JPMorgan EUR Equity Fund Europe 0.65% MSCI Europe NR EUR Medium 1st July 1996 To achieve a return in excess of the European equity markets by investing in European companies. At least 67% of the Fund s total assets (excluding cash and cash equivalents) will be invested in equity linked securities of companies that are incorporated under the laws of, and have their registered office in, a European country, or that derive the predominant part of their economic activity from Europe, even if listed elsewhere. Equity exposure may be achieved through investment in shares, depository receipts, warrants and other participation rights. Subject to foregoing, equity exposure may also be achieved, to a limited extent through investment in convertible securities, index and participation notes and equity linked notes. Fixed and floating rate debt securities, cash and cash equivalents may be held on an ancillary basis. The Fund may also invest in UCITS and other UCIs. The Fund may invest in assets denominated in any currency and currency exposure in this Fund may be hedged or may be managed by reference to its benchmark. The Fund may invest in financial derivative instruments for hedging purposes and for efficient portfolio management. Techniques and instruments relating to transferable securities and money market instruments (including, but not limited to, securities lending or repurchase agreements) may be used for the purpose of efficient portfolio management. JPMorgan Asset Management is a global leader in investment and wealth management. The company operates across various regions including the Americas, EMEA (Europe, Middle East and Africa), and Asia. With staff of 19,431* they have a presence in 34 countries worldwide. Their 746* investment professionals are mainly based in the five major investment management hubs at London, Hong Kong, Tokyo, New York and Columbus. They have assets under management of $1,380,885 million*. *All as at 30th September 2012. The JPMorgan European Select Equity is a euro denominated fund established under Luxembourg law and registered as a SICAV. The GW JPMorgan European Equity is a separate fund established by Generali Worldwide, governed under Guernsey Law. It invests exclusively in the European Select Equity Fund with no initial charge. Generali Worldwide levies no additional charges over this fund. The GW fund is valued and priced weekly, with the prices being calculated in three currencies euro, US dollar and sterling.
Bond Funds GW US DOLLAR RESERVE Low Risk Rating Generali Portfolio Management (CI) Limited Short Term Bond Fund USA 0.35% N/A Low January 1995 The objective of the fund is to maximise total return, including both capital and income, consistent with the preservation of capital whilst maintaining a high degree of liquidity. The Manager will seek to achieve the objective by investing in Bank deposits, Money Market Funds, Commercial Paper, Certificates of Deposit, Government Bonds, Government Agency Bonds, Global Bonds, Eurobonds, Domestic Bonds, Floating rate notes, Asset backed securities and Covered Bonds. The maximum expected maturity for any one investment will be three years from settlement date. The portfolio manager will purchase investments rated at least A-; however, in the event of a credit rating downgrade assets rated down to a minimum of BBB- are permitted. Generali Portfolio Management (CI) Limited is 100% owned by Generali Worldwide Insurance Company Limited. They offer bespoke portfolio management services for clients, drawing upon combined investment experience and expertise of the company s executives, the worldwide investment resources of the Generali Group and investment research from outside parties. The Generali Worldwide US Dollar Reserve Fund is denominated in US dollars and is a life fund established under Guernsey law. The fund is valued and priced weekly with the prices being calculated in three currencies US dollar, GBP and euro.
Active Management Equity Funds GW JPMORGAN PACIFIC EQUITY Medium / High Risk Rating JPMorgan Equity Fund Asia / Pacific 0.75% MSCI AC Asia Pacific NR Medium / High January 2001 To provide long-term capital growth by investing primarily in companies in the Pacific Basin (including Japan). JPMorgan believe that assets are best managed by specialists located in the markets and regions in which they invest. Through original research and company visits, they are able to identify those companies with superior longterm potential and those that can react quickly to market changes. JPMorgan Asset Management is a global leader in investment and wealth management. The company operates across various regions including the Americas, EMEA (Europe, Middle East and Africa), and Asia. With staff of 19,431* they have a presence in 34 countries worldwide. Their 746* investment professionals are mainly based in the five major investment management hubs at London, Hong Kong, Tokyo, New York and Columbus. They have assets under management of $1,380,885 million*. *All as at 30th September 2012. The JPMorgan Pacific Equity Fund is a US dollar denominated unit trust governed by the law of the Cayman Islands. The GW JPMorgan Pacific Equity Fund is a separate fund established by Generali Worldwide, governed under Guernsey Law. It invests exclusively in the JPMorgan Pacific Securities Fund with no initial charge. Generali Worldwide levies no additional charges over this fund. The GW fund is valued and priced weekly, with the prices being calculated in three currencies US dollar, sterling and euro.
Bond Funds GW GLOBAL STRATEGIC BOND Medium Risk Rating Generali Portfolio Management (CI) Limited Strategic Bond Fund Global 0.75% Morningstar Gbl Gov Bd TR Medium July 2011 The fund will invest into the American bond markets with the aim of generating a higher level of income than comparable Government securities over the longer term. Through a blend of currency exposure, direct bond holdings, along with absolute return and strategic bond fund holdings the fund aims to outperform the benchmark over the medium term. The use of a dynamic strategy as opposed to a benchmark tracking style should result in the fund being well positioned as bond markets move through the economic cycle. The returns generated within the fund will be from a combination of both changes in asset prices and currency fluctuations as the manager changes the underlying asset allocation based on their global outlook of bond markets and currencies. The fund will frequently have international currency exposure on an un-hedged basis. Generali Portfolio Management (CI) Limited is 100% owned by Generali Worldwide Insurance Company Limited. They offer bespoke portfolio management services for clients, drawing upon combined investment experience and expertise of the company s executives, the worldwide investment resources of the Generali Group and investment research from outside parties. The GW Global Strategic Bond is a US dollar denominated fund of funds which is established as part of the Generali Worldwide long term life fund based in Guernsey. The GW Global Strategic Bond fund is valued and priced weekly. In addition to US dollars the fund will also be priced in Euros and Sterling on an un-hedged basis.
Bond Funds GW STERLING RESERVE Low Risk Rating Generali Portfolio Management (CI) Limited GBP Short Term Bond Fund UK 0.35% N/A Low July 1996 The objective of the fund is to maximise total return, including both capital and income, consistent with the preservation of capital whilst maintaining a high degree of liquidity. The Manager will seek to achieve the objective by investing in Bank deposits, Money Market Funds, Commercial Paper, Certificates of Deposit, Government Bonds, Government Agency Bonds, Global Bonds, Eurobonds, Domestic Bonds, Floating rate notes, Asset backed securities and Covered Bonds. The maximum expected maturity for any one investment will be three years from settlement date. The portfolio manager will purchase investments rated at least A-; however in the event of a credit rating downgrade assets rated down to a minimum of BBB- are permitted. Generali Portfolio Management (CI) Limited is 100% owned by Generali Worldwide Insurance Company Limited. They offer bespoke portfolio management services for clients, drawing upon combined investment experience and expertise of the company s executives, the worldwide investment resources of the Generali Group and investment research from outside parties. The Generali Worldwide Sterling Reserve Fund is denominated in sterling and is a life fund established under Guernsey law. The fund is valued and priced weekly with the prices being calculated in three currencies US dollar, GBP and euro. 03/17 Fund Background Range and Information
Bond Funds GW US DOLLAR RESERVE Low Risk Rating Generali Portfolio Management (CI) Limited Short Term Bond Fund USA 0.35% N/A Low January 1995 The objective of the fund is to maximise total return, including both capital and income, consistent with the preservation of capital whilst maintaining a high degree of liquidity. The Manager will seek to achieve the objective by investing in Bank deposits, Money Market Funds, Commercial Paper, Certificates of Deposit, Government Bonds, Government Agency Bonds, Global Bonds, Eurobonds, Domestic Bonds, Floating rate notes, Asset backed securities and Covered Bonds. The maximum expected maturity for any one investment will be three years from settlement date. The portfolio manager will purchase investments rated at least A-; however, in the event of a credit rating downgrade assets rated down to a minimum of BBB- are permitted. Generali Portfolio Management (CI) Limited is 100% owned by Generali Worldwide Insurance Company Limited. They offer bespoke portfolio management services for clients, drawing upon combined investment experience and expertise of the company s executives, the worldwide investment resources of the Generali Group and investment research from outside parties. The Generali Worldwide US Dollar Reserve Fund is denominated in US dollars and is a life fund established under Guernsey law. The fund is valued and priced weekly with the prices being calculated in three currencies US dollar, GBP and euro.
Bond Funds GW EURO RESERVE Low Risk Rating Generali Portfolio Management (CI) Limited EUR Short Term Bond Fund Europe 0.35% N/A Low July 1996 The fund seeks to maximise total return, including both capital and income, consistent with the preservation of capital whilst maintaining a high degree of liquidity. The fund invests in a wide variety of medium-term government and corporate bonds with a minimum credit rating of AA. Capital gains are accrued within the fund and are distributed during subsequent years to provide a smoothed investment return. This is achieved by the addition of Guaranteed Interest on a daily basis included in the price of the fund and Additional Interest annually in arrears by the addition of bonus units. The fund is managed by Generali Worldwide which is a wholly owned subsidiary of the Assicurazioni Generali Group, one of the world s top 10 global insurers. The fund is advised by Generali Investments S.p.A based in Trieste, also a subsidiary of the Group, who currently have assets under management of 300 billion and employ over 70 portfolio managers and investment professionals. The Generali Worldwide Sterling Deposit Administration Fund is denominated in sterling and is a life fund established under Guernsey law. Guaranteed Interest is added on a daily basis, reflected in the unit price of the fund, at a rate dependant on the year of policy commencement thereby providing a minimum guaranteed interest. In addition, Additional Interest is credited annually, in arrears, by way of the addition of bonus units, based on the Declared Interest rate and the size of the policy account. The Declared Interest rate is announced by the Actuary of Generali Worldwide following an actuarial valuation of the Deposit Administration fund as at 31st December each year. The Declared Interest rate reflects the investment performance of the underlying assets during the calendar year, and the desire to smooth the volatility of the underlying investments..
Bond Funds GW GLOBAL STRATEGIC BOND Medium Risk Rating Generali Portfolio Management (CI) Limited Strategic Bond Fund Global 0.75% Bloomberg Barclays Multiverse TR Medium July 2011 The fund will invest into the American bond markets with the aim of generating a higher level of income than comparable Government securities over the longer term. Through a blend of currency exposure, direct bond holdings, along with absolute return and strategic bond fund holdings the fund aims to outperform the benchmark over the medium term. The use of a dynamic strategy as opposed to a benchmark tracking style should result in the fund being well positioned as bond markets move through the economic cycle. The returns generated within the fund will be from a combination of both changes in asset prices and currency fluctuations as the manager changes the underlying asset allocation based on their global outlook of bond markets and currencies. The fund will frequently have international currency exposure on an un-hedged basis. Generali Portfolio Management (CI) Limited is 100% owned by Generali Worldwide Insurance Company Limited. They offer bespoke portfolio management services for clients, drawing upon combined investment experience and expertise of the company s executives, the worldwide investment resources of the Generali Group and investment research from outside parties. The GW Global Strategic Bond is a US dollar denominated fund of funds which is established as part of the Generali Worldwide long term life fund based in Guernsey. The GW Global Strategic Bond fund is valued and priced weekly. In addition to US dollars the fund will also be priced in Euros and Sterling on an un-hedged basis.
Multi Asset & Alternative Asset Funds GW ISHARES PHYSICAL GOLD High Risk Rating Blackrock Commodity Global Absolute Return 0.25% N/A High 23rd August 2013... ishares Physical Gold seeks to track the day-to-day movement of the price of gold, less fees, by holding gold bullion. The ishares physically-backed Exchange Traded Commodities (ETCs) are a series of secured metal-linked debt securities that trade on one or more regulated exchanges and offer investors easily accessible, liquid and transparent exposure to physical precious metals. ishares Physical ETCs provide investors with exposure to the performance of individual previous metals without the need to take physical delivery or trade commodity futures contracts. ishares Physical Gold seeks to track the day-to-day movement of the price of gold, less fees, by holding gold bullion. The gold bullion backs the securities issued and is valued daily at the London PM fix price. The gold bullion is held as allocated gold bars with the custodian, JPMorgan. The fund is managed by BlackRock who offers a range of solutions from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. As of December 31, 2012, BlackRock's assets under management total US$3.79 trillion across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. The ishares Physical Gold is a US Dollar denominated exchange traded fund governed under Irish Law. The GW ishares Physical Gold is a separate fund established by Generali Worldwide which invests exclusively in the ishares Physical Gold. Generali Worldwide levies no additional charges over this fund.
Registered Head Office address:, Generali House, Hirzel Street, St Peter Port, Guernsey, Channel Islands GY1 4PA. Incorporated in Guernsey under Company Registration No. 27151. T +44 (0) 1481 715 400 F +44 (0) 1481 715 390 generali-worldwide.com Regulated in Guernsey as a licensed insurer by the Guernsey Financial Services Commission under the Insurance Business (Bailiwick of Guernsey) Law, 2002 (as amended). is part of the Generali Group, listed in the Italian Insurance Group Register under number 026. Websites may make reference to products that are not authorised or regulated and/or are not available for offering to planholders in certain jurisdictions.