Advertisement
6$
9
7 , S
V
0 ( $ ) 2 5 0 3
: , 7 + 2 8 7
: , 7 +
+ $ 5 0 2 1 , & 6
$GGUHVV GHWHUPLQHV ZKLFK VWDJH LV HIIHFWLYH LI
WKH FLUFXLW EUHDNHU LV PDQXDOO\ FORVHG $ SUHUHTXL
VLWH LV WKDW WKH PDQXDO FORVH FRPPDQG IRU WKH
EUHDNHU LV UHSHDWHG YLD D ELQDU\ LQSXW WR WKH UHOD\ VR
WKDW LW LV LQIRUPHG DERXW PDQXDO FORVLQJ RI WKH EUHDN
HU ,1())(&7,9( PHDQV WKDW WKH VWDJHV RSHUDWH DF
FRUGLQJ WR WKH VHWWLQJV LQ DGGUHVVHV WR
,W LV DOVR SRVVLEOH WR FDUU\ RXW DXWRUHFORVXUH LQ WKH
HPHUJHQF\ RYHUFXUUHQW SURWHFWLRQ PRGH 7KLV KDV
WR EH HQWHUHG LQWR WKH GHYLFH GXULQJ FRQILJXUDWLRQ
0 & / 2 6 (
, ! !
8 1 ' ( / $ < ( '
, ! , S
8 1 ' ( / $ < ( '
, 1 ( ) ) ( & 7 , 9 (
5 $ 5
, ! !
: , 7 +
, ! !
$ / : $ < 6
+ $ 5 0 2 1
3 +
= 2 1 (
3
$ 5
7LPH PXOWLSOLHU IRU SKDVH FXUUHQWV
6PDOOHVW VHWWLQJ YDOXH
/DUJHVW VHWWLQJ YDOXH
DQG * QR WULS ZLWK ,
SKDVHV
S
2QO\ IRU LQYHUVH WLPH SURWHFWLRQ
7KH IXQGDPHQWDO ZDYHV RI WKH PHDVXUHG FXUUHQWV
DUH HYDOXDWHG E\ D )RXULHU ILOWHU
7KH WUXH UPV YDOXHV RI WKH PHDVXUHG FXUUHQWV DUH
HYDOXDWHG RQO\ IRU LQYHUVH WLPH FKDUDFWHULVWLFV
XQGHU DGGUHVV UHIHU 6HFWLRQ ,Q WKLV
FDVH WKH ,!! VWDJH LV RI LQWHUHVW EHFDXVH RI LWV LQGH
SHQGHQW WULS WLPH ,I UHFORVXUH LV H[SHFWHG WKH SUR
WHFWLRQ ZLOO WULS ZLWK WKH XQGHOD\HG ,!! VWDJH ILQDO
GLVFRQQHFWLRQ LV FDUULHG RXW YLD ,! RU ,
7
GHOD\HG ,!! DQG ,! VKRXOG WKHQ EH VHW WR WKH
S
VDPH YDOXH
$GGUHVV GHWHUPLQHV ZKHWKHU WKH ,!! VWDJH LQ
HIIHFWLYH RQO\ LQ FRQMXQFWLRQ ZLWK DXWRUHFORVXUH RU
ZKHWKHU LW RSHUDWHV LQGHSHQGHQWO\
2YHUFXUUHQW VWDJH ZKLFK LV HIIHFWLYH GXULQJ PDQXDO
FORVLQJ RI WKH FLUFXLW EUHDNHU
,!!
LH ,!! VWDJH EXW ZLWKRXW GHOD\ 7,!!
,!,S
LH ,! VWDJH GHILQLWH WLPH RU ,
LQYHUVH WLPH EXW ZLWKRXW GHOD\
,1())(&7,9( LH VWDJHV RSHUDWH DV SDUDPHWHUL]HG
$5 IXQFWLRQ LI FRQILJXUHG RSHUDWHV ZLWK WKH ,!! VWDJH
,!! :,7+ $5 LH ,!! LV UHOHDVHG RQO\ LI $5 LV UHDG\
,!! $/:$<6 LH ,!! VWDJH RSHUDWHV DOZD\V LQGH
SHQGHQW RI WKH $5 IXQFWLRQ
2SHUDWLQJ LQVWUXFWLRQV
V
V
ZLWK 7,! RU
S
VWDJH
S
&*&
Advertisement
