Goldman Sachs Glo Mlt-Ast Bal Pf R GBP PH

The Portfolio seeks total returns consisting of income and capital appreciation by investing primarily in global equity and fixed income securities. The Portfolio will, under normal circumstances, invest at least two thirds of its net assets in equity and/or equity related Transferable Securities and fixed income Transferable Securities of issuers located anywhere in the world. The Portfolio may hold up to 80% of its assets in equity securities, and up to 80% of its assets in fixed income securities. The Portfolio may invest directly in such securities and/or through Permitted Funds.