/Lang (EN-US) << >> 3588 0 obj /S /P << /S /Artifact /K 109 /A 4408 0 R endobj endobj /Lang (EN-US) endobj /Pg 24 0 R /Lang (EN-US) /S /P /Pg 25 0 R >> >> 1633 0 obj /K 1265 endobj 2854 0 obj endobj << << << 893 0 obj /K 1544 /P 10 0 R /S /P 732 0 obj endobj 1504 0 obj << /Author (Bloomberg) << null 2788 0 R null 2789 0 R null 2790 0 R 2791 0 R null 2792 0 R null >> << endobj endobj 3178 0 obj /Pg 22 0 R >> << /Lang (EN-US) 3004 0 obj /P 10 0 R endobj /Pg 25 0 R /Pg 23 0 R << /Pg 22 0 R 1166 0 obj /Pg 23 0 R >> /S /P 3988 0 obj >> /Lang (EN-US) endobj << /K 28 >> endobj 2378 0 obj endobj endobj endobj /S /Artifact /S /Artifact /Lang (EN-US) >> endobj /K 156 /K 110 /S /Artifact /Pg 25 0 R 1458 0 obj endobj endobj /S /Artifact /P 5137 0 R /S /Artifact 627 0 R null 628 0 R null 629 0 R null 630 0 R null 631 0 R null << /S /Artifact 77 0 R 79 0 R 80 0 R null null null null 419 0 R 73 0 R 51 0 R /P 4899 0 R /S /Artifact /S /P endobj /S /Artifact << 299 0 obj /Pg 24 0 R 652 0 obj endobj /P 6617 0 R endobj /Pg 22 0 R /P 4832 0 R >> << /P 10 0 R 2686 0 obj /S /P /Pg 23 0 R >> /Pg 20 0 R /S /P 232 0 obj >> << endobj /S /P << /K 94 /S /P /Pg 23 0 R << /Pg 22 0 R 3831 0 obj /Pg 23 0 R /Lang (EN-US) 1587 0 obj /K 31 /P 6698 0 R /S /P /S /Artifact /S /Artifact >> endobj >> 1242 0 obj /K 1439 /SourceModified (D:20220524090108) /P 6243 0 R /Lang (EN-US) /Pg 20 0 R Not surprisingly, some managers have produced better outcomes than others, and by wide margins. /K 1539 1871 0 obj endobj /Lang (EN-US) /Pg 24 0 R << << >> >> >> /Pg 24 0 R << endobj /Pg 24 0 R 1985 0 obj /Pg 24 0 R /P 5637 0 R /Pg 24 0 R /S /P 1585 0 obj /K 129 /Lang (EN-US) 4176 0 obj >> >> /Lang (EN-US) 1284 0 obj /K 300 /Pg 25 0 R /S /Artifact << << 2157 0 obj /Pg 23 0 R >> /Pg 22 0 R /S /P /S /P endobj 80 0 obj << /S /Artifact 3335 0 obj >> endobj endobj 2400 0 obj << 2290 0 obj endobj /P 4944 0 R >> endobj << /Lang (EN-US) 4040 0 obj /Pg 25 0 R /S /Artifact 2593 0 R 2594 0 R null 2595 0 R null 2596 0 R null 2597 0 R null 2598 0 R /Pg 25 0 R >> /Lang (EN-US) /K 1369 /K 895 /P 5154 0 R endobj /Pg 23 0 R /K 72 1800 0 obj /S /P >> 1673 0 obj /Pg 25 0 R /Pg 24 0 R 4325 0 obj /S /Artifact 964 0 R null 965 0 R null 966 0 R null 967 0 R 968 0 R null 969 0 R /Lang (EN-US) /K 1398 /P 5159 0 R >> /S /P << /Pg 22 0 R /Lang (EN-US) /Pg 25 0 R endobj /Pg 22 0 R 2309 0 obj /S /P /Pg 22 0 R << /S /P /P 5581 0 R /K 688 2526 0 obj 3632 0 obj 4233 0 obj endobj /S /Artifact /K 1505 /S /Artifact << /S /Artifact endobj /S /P /Pg 22 0 R endobj endobj /Pg 22 0 R /S /P /S /P null 3559 0 R 3560 0 R null 3561 0 R null 3562 0 R null 3563 0 R null >> << /Lang (EN-US) endobj /S /Artifact /P 4642 0 R >> >> << 1930 0 obj /S /P /S /P >> /K 1381 /Pg 22 0 R 285 0 obj endobj /P 4802 0 R /K 15 /K 1339 /S /P endobj endobj /Pg 24 0 R /Pg 23 0 R /K 1290 << /Lang (EN-US) endobj /Lang (EN-US) /S /Artifact >> << endobj /Pg 22 0 R << << /K 324 /P 5882 0 R /S /Artifact /Lang (EN-US) 4087 0 obj /Pg 25 0 R endobj 1885 0 obj /P 6506 0 R 2340 0 obj /S /P 2466 0 obj /S /Artifact /Lang (EN-US) /K 379 Access to this resource is limited to existing Cliffwater clients and qualified prospects for our Funds, By clicking "Login", I accept Terms of Use, If you are an RIA, institutional investors, or other prospect for Funds, please contact us to gain access, By clicking "Accept", I accept Terms of Use, For more information to login, call (310) 448-5000 or email info@cliffwater.com, {{CDLI.indexValue}}Index Value ({{CDLI.indexDate}}), {{CDLI.assetFairValue}}BAssets (Fair Value), {{CDLI_S.indexValue}}Index Value ({{CDLI_S.indexDate}}), {{CDLI_S.assetFairValue}}BAssets (Fair Value), {{CDLI_V.indexValue}}Index Value ({{CDLI_V.indexDate}}), {{CDLI_V.assetFairValue}}BAssets (Fair Value), {{CWBDC.indexValue}} Index Value ({{CWBDC.indexDate}}), {{CWBDC.numberofCompanies}}Number of Companies, {{CWBDC.marketCapitalization}}BMarket Capitalization, {{CWBDC.navPremium}}%NAV Premium/Discount. 1844 0 obj >> /S /Artifact /P 4809 0 R >> /S /Artifact /Pg 24 0 R /S /Artifact /Lang (EN-US) /K 1168 4241 0 obj endobj 3152 0 obj << /Pg 25 0 R /Pg 24 0 R >> endobj endobj endobj << /P 4436 0 R /Pg 23 0 R /K 1227 /K 1129 /K 1121 3246 0 obj >> endobj >> << /Pg 23 0 R Direct lending is characterized by flexible and creative financing solutions that are unique to each opportunity. 1013 0 obj >> << /P 5900 0 R /K 376 /S /Artifact /Pg 24 0 R /P 5185 0 R /S /Artifact /Lang (EN-US) /P 6032 0 R /S /P 943 0 obj /S /Artifact 1248 0 obj 4163 0 obj /K 904 /Rect [69.75 410.1940002441 207.7660064697 422.1940002441] /P 10 0 R /Pg 25 0 R 3141 0 obj 2484 0 obj /P 5806 0 R >> << 3534 0 obj 326 0 obj /Pg 25 0 R /K 93 /K 370 3981 0 obj 3074 0 obj /P 5431 0 R << /P 5948 0 R 2913 0 R null 2914 0 R null 2915 0 R null null null 2916 0 R null /S /Artifact /S /P /Pg 22 0 R /K 850 /P 5056 0 R 3169 0 obj endobj >> /K 1303 /P 6137 0 R /P 6045 0 R /Pg 26 0 R >> /P 5002 0 R << /Lang (EN-US) /K 1197 /S /P 1915 0 obj >> << >> endobj 3166 0 obj /Pg 22 0 R >> >> /Pg 24 0 R /Underline /Span << >> The Cliffwater Direct Lending Index captures the collective (asset weighted) work product of the direct loan managers represented in the Index, but it is not investable. 933 0 obj 982 0 obj /S /P /S /P /S /P /Pg 22 0 R >> /S /P >> endobj 4226 0 obj >> >> /P 6467 0 R /S /Artifact /Pg 14 0 R << /Pg 23 0 R << >> >> /Pg 23 0 R endobj << /S /Artifact /Pg 25 0 R /S /Figure >> /P 6696 0 R /Pg 23 0 R /K 225 endobj /K 105 3713 0 obj /P 5937 0 R endobj >> /Pg 22 0 R /P 5801 0 R 2533 0 obj /S /Artifact << endobj endobj << endobj /Lang (EN-US) null 2651 0 R null 2652 0 R null 2653 0 R 2654 0 R null 2655 0 R null << /Lang (EN-US) /P 6518 0 R /Pg 22 0 R endobj /Lang (EN-US) /K 695 /K 539 /Lang (EN-US) /P 6301 0 R /K 430 << /K 1269 << << 2170 0 obj /S /P /Pg 22 0 R 4015 0 obj null null 824 0 R null null null 825 0 R null 826 0 R null endobj >> /K 1297 << /S /P /S /P /K 1318 << /S /P >> /Pg 23 0 R /Pg 24 0 R /S /P >> /P 4658 0 R /K 1504 >> /P 4633 0 R /K 26 >> endobj /Lang (EN-US) >> /Pg 22 0 R /Lang (EN-US) >> /Pg 20 0 R /Lang (EN-US) << /S /Artifact /K 1274 << /S /Artifact endobj /S /P /K 46 >> 224 0 obj 2070 0 obj endobj /Lang (EN-US) /K 1412 /P 5777 0 R endobj /Pg 25 0 R 1640 0 obj /K 6 188 0 obj /S /Artifact endobj /K 318 /K 1360 /Lang (EN-US) /Lang (EN-US) /S /Artifact 1009 0 obj /Pg 25 0 R /K 1276 endobj /K 381 endobj /P 5554 0 R /S /Artifact null 2761 0 R null 2762 0 R null 2763 0 R null 2764 0 R null 2765 0 R >> null null null 2856 0 R null null null 2857 0 R null 2858 0 R /K 1159 /K 656 /K 1225 /K 145 >> >> endobj << /P 4858 0 R /Pg 24 0 R >> << endobj /Pg 25 0 R >> /S /P /S /Artifact /K 1025 << >> endobj endobj /S /Artifact /K 376 /Pg 25 0 R /K 1056 << >> /Pg 25 0 R /Pg 24 0 R 1813 0 obj >> /S /P /K 13 /K 1434 >> >> 1908 0 obj /Lang (EN-US) /P 5564 0 R /S /P 3927 0 obj /K 304 endobj << /Lang (EN-US) 1444 0 obj endobj 370 0 obj /Lang (EN-US) >> endobj 2878 0 obj << /Pg 24 0 R >> << 1373 0 obj /Lang (EN-US) /Lang (EN-US) /K 549 << /S /Artifact /S /Artifact 1599 0 obj >> /S /Artifact /K 1329 >> /S /P << /K 91 /K 875 /K 1457 3838 0 obj 2015 0 obj 261 0 obj >> endobj /S /Artifact /Pg 22 0 R /Pg 24 0 R /K 131 endobj 2987 0 obj /K 86 2566 0 R null 2567 0 R null 2568 0 R null 2569 0 R 2570 0 R null 2571 0 R endobj /Pg 22 0 R /S /P 1274 0 obj /Pg 23 0 R /P 10 0 R /Pg 25 0 R >> << /S /P endobj >> /Pg 25 0 R /S /Artifact >> /Lang (EN-US) /S /Artifact /Pg 24 0 R 1268 0 R 1269 0 R 1270 0 R 1271 0 R 1272 0 R 1273 0 R 1274 0 R 1275 0 R 1276 0 R 1277 0 R /Lang (EN-US) 3962 0 obj /K 1319 endobj 352 0 obj >> >> /P 6276 0 R /Pg 22 0 R /S /P << 2702 0 obj /P 5213 0 R /Pg 24 0 R 1805 0 R null 1806 0 R null 1807 0 R null null null 1808 0 R null /Lang (EN-US) endobj /K 229 /Lang (EN-US) /Lang (EN-US) 3953 0 obj endobj /S /P /K 28 3264 0 R 3265 0 R 3266 0 R 3267 0 R 3268 0 R 3269 0 R 3270 0 R 3271 0 R 3272 0 R 3273 0 R >> /Pg 22 0 R /P 4712 0 R endobj /S /Artifact /S /P /P 4835 0 R endobj /Pg 23 0 R << endobj /Pg 24 0 R 848 0 obj /S /Artifact /S /Artifact << 1833 0 obj 1838 0 obj /Lang (EN-US) /Lang (EN-US) << >> /P 4909 0 R << >> /P 4925 0 R 1535 0 obj /S /Artifact /S /P /Lang (EN-US) /S /Artifact /S /P << /S /P >> /Pg 22 0 R /Pg 14 0 R /Lang (EN-US) << 3324 0 obj /Lang (EN-US) /Lang (EN-US) /Pg 22 0 R /P 10 0 R 3405 0 obj << /S /Artifact endobj << >> endobj << 1571 0 R null 1572 0 R null 1573 0 R null null null 1574 0 R null >> /P 6012 0 R /K 1441 169 0 obj >> 1103 0 obj endobj << /Pg 17 0 R /S /Artifact << /Lang (EN-US) 1912 0 obj /S /Artifact /Lang (EN-US) >> /S /Artifact /K 612 >> endobj << /Pg 24 0 R endobj /Pg 25 0 R 865 0 R null 866 0 R null 867 0 R null 868 0 R null 869 0 R null endobj /K 1129 /P 5540 0 R >> null null 1598 0 R null null null 1599 0 R null 1600 0 R null /K 1501 endobj /Lang (EN-US) >> /S /P /Pg 15 0 R << /K 1453 endobj /K 1184 /Pg 25 0 R << << /S /Artifact endobj /K 850 /K 1297 /Contents 4380 0 R /S /Artifact /S /Artifact /K 169 Stephen Nesbitt provides an overview of the Cliffwater Direct Lending Index ("CDLI"), an asset-weighted index of 11,884 directly originated middle market loans totaling $264 billion. /K 1520 /K 1494 << /P 5272 0 R /Pg 23 0 R /S /P << endobj 715 0 obj >> >> >> << endobj /P 6095 0 R /K 869 /K 1351 >> /Pg 23 0 R << /S /P << /Pg 18 0 R 3711 0 obj endobj /P 6447 0 R /Pg 23 0 R /P 5173 0 R /Pg 25 0 R << >> << endobj 4187 0 obj << endobj /S /Artifact >> << >> << /Lang (EN-US) << Website. /K 1140 2951 0 obj << /K 1167 >> 2872 0 R null 2873 0 R null 2874 0 R 2875 0 R null 2876 0 R null 2877 0 R /Pg 25 0 R 1295 0 obj endobj /Pg 25 0 R /Lang (EN-US) << 2482 0 obj /Lang (EN-US) endobj 4336 0 obj /Pg 15 0 R 202 0 obj 4035 0 obj /K 1315 /K 333 >> /Lang (EN-US) 2401 0 obj /P 4927 0 R << >> 1158 0 R 1159 0 R 1160 0 R 1161 0 R 1162 0 R 1163 0 R 1164 0 R 1165 0 R 1166 0 R 1167 0 R 911 0 obj /Pg 23 0 R << /S /P endobj endobj << /P 5495 0 R /Pg 26 0 R 1327 0 obj /Lang (EN-US) /Lang (EN-US) /Pg 22 0 R << /S /P /K 1256 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R 85 0 R 86 0 R /S /Artifact /Lang (EN-US) endobj 3158 0 obj << /Lang (EN-US) /Pg 23 0 R endobj endobj /P 6611 0 R /K 583 /Pg 25 0 R /Pg 25 0 R /S /P >> /S /P /S /P << /K 728 /K 752 /S /P 1918 0 obj /S /P /K [37 4670 0 R] 3785 0 obj /K 923 endobj /S /Artifact /K 4 /K 603 /P 6542 0 R /K 399 2895 0 obj endobj endobj endobj /Pg 24 0 R << /P 10 0 R << 4295 0 obj /Lang (EN-US) /K 34 >> /S /LBody /Pg 25 0 R >> /Lang (EN-US) >> << endobj /Pg 23 0 R >> /P 10 0 R >> << << >> /Pg 19 0 R /P 5372 0 R << >> /K 926 /Lang (EN-US) /S /P << /K 1243 << /Lang (EN-US) << /S /Artifact << 1691 0 obj /S /Artifact /K 153 /P 10 0 R /P 10 0 R /K 1512 /K 1238 /P 6437 0 R /Lang (EN-US) endobj << /Pg 14 0 R /Lang (EN-US) << 3239 0 obj /K 1376 /K 4 endobj /K 540 1924 0 obj /Pg 25 0 R << << >> /K 545 /Lang (EN-US) /K 551 /Pg 22 0 R /S /P /K 1525 /Pg 22 0 R /Lang (EN-US) /S /Artifact /Pg 25 0 R /S /P /S /P /Lang (EN-US) >> 2086 0 obj /K 1296 >> /K 210 << endobj 3117 0 R 3118 0 R 3119 0 R 3120 0 R 3121 0 R 3122 0 R 3123 0 R 3124 0 R 3125 0 R 3126 0 R /P 10 0 R /K 792 177 0 obj endobj /P 5198 0 R /Lang (EN-US) 3285 0 obj /K 1330 /S /P /S /P /S /P /P 10 0 R << /K 320 /Pg 25 0 R << 2125 0 obj 1932 0 obj /Pg 23 0 R /Pg 25 0 R >> stream 3367 0 obj /K 27 << 2413 0 R 2414 0 R 2415 0 R 2416 0 R 2417 0 R 2418 0 R 2419 0 R 2420 0 R 2421 0 R 2422 0 R /K 384 3560 0 obj /Pg 23 0 R /K 2 /Pg 25 0 R << /Pg 22 0 R /K 1481 endobj This index captures both mark-to-market volatility (based on quarterly loan valuation changes) as well << << /S /P /P 4732 0 R 3488 0 obj endobj endobj endobj /S /Artifact /K 270 >> >> << << /S /Artifact 1205 0 obj /P 5539 0 R /K 97 /K 462 << /Pg 24 0 R >> /S /Artifact /Lang (EN-US) /K 30 endobj >> /P 5613 0 R 4281 0 obj /Pg 24 0 R /Pg 23 0 R /Lang (EN-US) /P 10 0 R /S /P << /Lang (EN-US) /S /Artifact 3565 0 obj /Pg 25 0 R << /P 5571 0 R /K 399 /S /LBody >> 3978 0 obj endobj /K 1193 /S /P >> >> /P 6121 0 R /Pg 21 0 R /Lang (EN-US) << << /S /Artifact << /K 1436 /S /Artifact /Pg 23 0 R /P 5595 0 R 1462 0 obj << endobj /Pg 25 0 R /Lang (EN-US) << endobj << >> /K 5 /Lang (EN-US) /S /Artifact /Lang (EN-US) /P 5745 0 R /S /Artifact /Lang (EN-US) /S /Artifact /K 605 null 3510 0 R null 3511 0 R 3512 0 R null 3513 0 R null 3514 0 R null >> 3973 0 obj 3270 0 obj /S /P /Pg 24 0 R /S /Artifact endobj /S /Artifact /S /P /Pg 23 0 R PDF Investor Guide First Eagle Credit Opportunities Fund /S /Artifact /Lang (EN-US) >> /K 1388 << << /S /P /K 1084 endobj 1525 0 R 1526 0 R 1527 0 R 1528 0 R 1529 0 R 1530 0 R 1531 0 R 1532 0 R 1533 0 R 1534 0 R /Pg 22 0 R /P 6512 0 R /K 492 /Pg 13 0 R null 833 0 R null 834 0 R null 835 0 R null null null 836 0 R /K 1395 << endobj 811 0 obj endobj >> /P 10 0 R << /Parent 9 0 R /S /P /K 1436 4201 0 obj endobj /Pg 18 0 R /Pg 24 0 R /P 141 0 R 2888 0 obj >> 532 0 R null 533 0 R 534 0 R 535 0 R 180 0 R 181 0 R 182 0 R 183 0 R 184 0 R << /Pg 24 0 R /P 4939 0 R /Pg 22 0 R << /S /P 2783 0 obj /Pg 24 0 R /Pg 24 0 R /Lang (EN-US) endobj << /S /Artifact endobj /P 5993 0 R endobj /Lang (EN-US) >> /S /P /Lang (EN-US) /Pg 25 0 R >> /S /Artifact /P 4668 0 R /K 828 endobj /S /Artifact endobj /Pg 23 0 R >> /S /P /S /Artifact << null null null null null 593 0 R null 594 0 R 595 0 R null /Pg 25 0 R << >> /S /Artifact 1136 0 obj >> /Lang (EN-US) endobj /K 1526 2850 0 obj << >> << 632 0 obj Looking at historical /S /P 4313 0 obj /K 5 /S /Artifact /P 10 0 R /K [1111 1112] endobj << >> /Pg 22 0 R << >> /K 414 endobj 1542 0 obj /S /P >> /S /P /S /P /S /Artifact /Pg 25 0 R << 2280 0 obj 2882 0 obj /Lang (EN-US) 559 0 obj 1483 0 obj /K 1473 << /Lang (EN-US) /P 6725 0 R >> << /Lang (EN-US) /K 1217 endobj /S /P << 1801 0 obj << << endobj /S /P endobj endobj /Pg 22 0 R 1459 0 obj PDF Figure 1 - meketa.com /Pg 22 0 R /S /Figure /Pg 22 0 R endobj >> /S /Artifact << /S /P endobj << /S /Artifact endobj endobj << 985 0 obj /Pg 25 0 R /K 1389 /Pg 22 0 R /Lang (EN-US) << /K 1429 /Lang (EN-US) /Pg 25 0 R 3791 0 obj /K 593 /Pg 24 0 R /Pg 24 0 R >> /P 6174 0 R endobj /Pg 22 0 R /S /P /P 5619 0 R /Pg 14 0 R /P 5860 0 R CLIFFWATER DIRECT LENDING INDEX (CDLI) CLIFFWATER BDC INDEX (CWBDC) Stay in the know. >> /K [4449 0 R 4450 0 R 4451 0 R 4452 0 R 4453 0 R 4454 0 R 4455 0 R 4456 0 R] /S /P 1509 0 obj >> /S /Artifact << 632 0 R null null null 633 0 R null 634 0 R null 635 0 R null endobj 3000 0 obj /P 5421 0 R 3909 0 obj endobj 2313 0 R 2314 0 R 2315 0 R 2316 0 R 2317 0 R 2318 0 R 2319 0 R 2320 0 R 2321 0 R 2322 0 R /P 4691 0 R endobj << /S /Artifact endobj endobj endobj endobj << /K 22 /K 1497 >> >> /S /P /Pg 20 0 R /P 5228 0 R /Pg 19 0 R /Pg 22 0 R /S /Artifact << /P 5866 0 R << /K 185 endobj endobj /P 10 0 R << >> /Pg 24 0 R 2858 0 obj /K 337 << /K 1478 /S /P endobj /Lang (EN-US) /S /Artifact << 473 0 obj /Pg 23 0 R >> /Lang (EN-US) /S /P >> /S /P /Pg 22 0 R /K 1259 /K 1120 849 0 obj /Pg 25 0 R 39 0 obj /Pg 22 0 R 3065 0 obj /S /P >> /P 10 0 R endobj /K 1308 << /Pg 22 0 R << /Pg 24 0 R /S /Artifact 2100 0 obj >> endobj << /P 10 0 R /Pg 22 0 R /S /P /S /Artifact /S /Artifact endobj /S /P >> /S /P endobj /Pg 23 0 R /A 4685 0 R endobj 1354 0 obj 10.6200 USD. << << << 12 [null 320 0 R null 2475 0 R null null 2476 0 R null null 2477 0 R /S /Artifact << 1651 0 obj /S /P /Pg 18 0 R /Tabs /S 3843 0 R null 3844 0 R null 3845 0 R null null null 3846 0 R null null 405 0 R null 406 0 R null 407 0 R null 408 0 R null 409 0 R >> /Pg 20 0 R endobj /P 5837 0 R /K 680 3673 0 obj 550 0 obj >> /K [56 57 58 59 60] >> endobj << endobj << endobj /P 5499 0 R endobj >> /S /Artifact /S /P << /P 5533 0 R >> /P 10 0 R /P 5365 0 R >> /Pg 23 0 R >> /K 1533 /S /Artifact /P 6666 0 R 1195 0 obj /K 55 /Pg 26 0 R /K 1247 >> /P 5953 0 R endobj 1588 0 obj /S /Artifact 2771 0 R null null null 2772 0 R null null null 2773 0 R null /P 6097 0 R 3987 0 obj /K 1519 /S /Artifact 2634 0 R null null null 2635 0 R null null null 2636 0 R null /K 814 1637 0 obj /S /P << >> << >> endobj 577 0 obj 4202 0 obj >> << >> /S /P endobj /K 1091 >> << /S /P /K 5 /Lang (EN-US) /S /Artifact /Pg 24 0 R /S /P /S /Artifact /K 1176 /K 1393 /Lang (EN-US) << /P 5275 0 R >> /P 5728 0 R endobj /Pg 24 0 R << 1949 0 obj 541 0 obj 2732 0 obj /K 963 /Lang (EN-US) >> /Pg 23 0 R /P 5208 0 R /Pg 24 0 R /K 141 /Pg 22 0 R /Lang (EN-US) /K 16 >> /S /Artifact 3201 0 obj /CropBox [0 0 612 792] endobj /K 1442 /Lang (EN-US) endobj /Pg 18 0 R endobj endobj << endobj >> >> 690 0 obj /K 79 /P 6742 0 R /K 1457 3547 0 obj endobj /Lang (EN-US) endobj null 3767 0 R null 3768 0 R 3769 0 R null 3770 0 R null 3771 0 R null /Pg 25 0 R /Pg 23 0 R endobj /P 5163 0 R /S /Artifact endobj /K 1280 >> endobj << 719 0 obj >> /K 163 /K 1206 /K 1262 834 0 obj >> >> /Lang (EN-US) endobj /Lang (EN-US) /S /P /Lang (EN-US) /K 1012 >> 4027 0 R 4028 0 R 4029 0 R 4030 0 R 4031 0 R 4032 0 R 4033 0 R 4034 0 R 4035 0 R 4036 0 R /P 5122 0 R /Pg 22 0 R /K 1505 /Lang (EN-US) /K 734 /Pg 25 0 R << /S /P /S /P /Pg 25 0 R << 325 0 obj << 3654 0 obj /S /P << /S /P /P 4793 0 R << /S /P 2766 0 obj /Pg 23 0 R >> << /S /P /S /P endobj 1873 0 obj /Pg 25 0 R /S /P /S /Artifact /Lang (EN-US) >> 3730 0 obj /K 13 3943 0 obj 4315 0 obj /S /Artifact /S /P 531 0 obj 1110 0 R 1111 0 R 1111 0 R 1112 0 R 1113 0 R 1114 0 R 1115 0 R 1116 0 R 1116 0 R 1117 0 R /Pg 24 0 R 1652 0 obj /P 6727 0 R /K 1013 >> /Pg 23 0 R /Pg 23 0 R << << endobj /Lang (EN-US) << >> 33 0 obj 2254 0 obj /K 770 /Lang (EN-US) >> << /Pg 22 0 R >> endobj << /K 1033 endobj /Pg 24 0 R 2106 0 obj 3343 0 obj /Pg 24 0 R << >> /K 1032 endobj /Pg 24 0 R >> 942 0 obj /Pg 25 0 R endobj << endobj /Lang (EN-US) << 195 0 obj 1240 0 obj /Lang (EN-US) /Pg 22 0 R /K 1178 /Lang (EN-US) /Pg 23 0 R /K 116 /S /Artifact /S /P /Pg 22 0 R /Pg 24 0 R /S /Artifact endobj /Pg 16 0 R /Pg 24 0 R >> endobj endobj >> /S /P endobj << /Pg 18 0 R endobj 2375 0 obj /P 5323 0 R /Pg 24 0 R /Lang (EN-US) /S /P endobj << /K 1209 >> 2611 0 R null null null 2612 0 R null 2613 0 R null 2614 0 R null /Pg 22 0 R /K 29 /Pg 25 0 R /K 1227 endobj /Lang (EN-US) << /S /P 4145 0 obj /Pg 22 0 R null 3630 0 R null 3631 0 R 3632 0 R null 3633 0 R null 3634 0 R null endobj 3036 0 obj 1835 0 obj /K 1319 /S /Artifact endobj 3727 0 obj << /P 5243 0 R 2185 0 obj /Lang (EN-US) /Pg 25 0 R /Pg 23 0 R 3892 0 obj 3993 0 obj endobj << endobj /S /P /K 1160 >> null null 1081 0 R null null null 1082 0 R null 1083 0 R null /Pg 18 0 R 1468 0 obj 3999 0 obj endobj /P 6086 0 R endobj /S /P >> >> /Pg 22 0 R /Lang (EN-US) 1590 0 obj /K 48 /Lang (EN-US) /Pg 23 0 R /P 5695 0 R << >> >> /K 433 /P 10 0 R /K 1380 >> /K 1158 >> 2650 0 obj /K 269 912 0 R null null null 913 0 R null null null 914 0 R null /S /Artifact /Pg 23 0 R endobj /Pg 24 0 R /Pg 24 0 R /Pg 22 0 R /Lang (EN-US) 3920 0 obj >> >> 2610 0 obj << /Pg 23 0 R /P 5377 0 R << >> /P 5772 0 R << /Lang (EN-US) endobj endobj >> endobj /S /Artifact >> endobj /T () /P 6229 0 R 1327 0 R 1328 0 R 1329 0 R 1330 0 R 1331 0 R 1331 0 R 1332 0 R 1333 0 R 1334 0 R 1335 0 R endobj /Lang (EN-US) /P 6451 0 R endobj /Pg 17 0 R 458 0 obj >> << >> 2500 0 obj << /P 5965 0 R /Pg 25 0 R /Lang (EN-US) /K 1529 /P 4860 0 R 3697 0 obj /Pg 22 0 R /S /Artifact 1619 0 obj /Pg 24 0 R /P 5856 0 R >> >> Distribution Yield presented is based on the fund-level composite of all the share classes. endobj /P 6025 0 R /S /P << /Pg 25 0 R >> null 925 0 R null null null 926 0 R null 927 0 R null 928 0 R << /K 1191 /K 29 /S /Artifact endobj << /K 964 3361 0 obj >> 1219 0 obj << 2870 0 obj /Pg 22 0 R /Pg 24 0 R >> >> /S /P >> /S /P