<SEC-DOCUMENT>0000088053-25-000523.txt : 20250627
<SEC-HEADER>0000088053-25-000523.hdr.sgml : 20250627
<ACCEPTANCE-DATETIME>20250627142025
ACCESSION NUMBER:		0000088053-25-000523
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250430
FILED AS OF DATE:		20250627
DATE AS OF CHANGE:		20250627
EFFECTIVENESS DATE:		20250627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTRAL & EASTERN EUROPE FUND, INC.
		CENTRAL INDEX KEY:			0000860489
		ORGANIZATION NAME:           	
		EIN:				133556099
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06041
		FILM NUMBER:		251085042

	BUSINESS ADDRESS:	
		STREET 1:		875 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022-6225
		BUSINESS PHONE:		212-454-4500

	MAIL ADDRESS:	
		STREET 1:		875 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022-6225

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENTRAL EUROPE, RUSSIA & TURKEY FUND, INC.
		DATE OF NAME CHANGE:	20130429

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENTRAL EUROPE & RUSSIA FUND, INC.
		DATE OF NAME CHANGE:	20070108

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENTRAL EUROPE & RUSSIA FUND INC
		DATE OF NAME CHANGE:	20030723
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>sr43025cee.htm
<DESCRIPTION>THE CENTRAL AND EASTERN EUROPE FUND, INC.
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">WASHINGTON, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM N-CSRS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CERTIFIED SHAREHOLDER REPORT OF</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">REGISTERED MANAGEMENT INVESTMENT COMPANIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Investment Company Act file number: 811-06041</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>The Central and Eastern Europe Fund, Inc.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">875 Third Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>New York, NY 10022-6225</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices) (Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&#8217;s Telephone Number, including Area Code: <U>(212) 454-4500</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Diane Kenneally</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">100 Summer Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Boston, MA 02110</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name and Address of Agent for Service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt">Date of fiscal year end:</TD>
    <TD STYLE="width: 73%; padding-right: 5.4pt; padding-left: 5.4pt">10/31</TD></TR>
  <TR STYLE="height: 4pt; vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; height: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; height: 4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Date of reporting period:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">4/30/2025</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 1.</B></TD>
    <TD STYLE="width: 84%; padding-right: 5.4pt; padding-left: 5.4pt"><B>Reports to Stockholders.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">(a)</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt"></P>

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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:0px;left:2776.43px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:0px;left:3246.72px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:0px;left:3574.36px;white-space:nowrap">2025</div></div>
		</div>
		<div style="height:148.87px;left:0px;position:absolute;top:0px;transform:translate(85.680px,142.293px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:216.00px">
			<div style="width:4320px;height:2792.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,8.23px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:448px;font-weight:bold;position:absolute;top:0px;left:176.97px;white-space:nowrap">Semiannual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:448px;font-weight:bold;position:absolute;top:0px;left:2728.97px;letter-spacing:-1.05px;white-space:nowrap">Report </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:448px;font-weight:bold;position:absolute;top:700px;left:521.69px;letter-spacing:-1.63px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:448px;font-weight:bold;position:absolute;top:700px;left:1071.99px;letter-spacing:-0.98px;white-space:nowrap">Shareholders</div></div>
		</div>
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(23.759px,353.365px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:339.84px">
			<div style="width:6796.8px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:460.01px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1058.82px;letter-spacing:-1.33px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:2148.72px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:2758.33px;letter-spacing:-1.56px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:3884.41px;letter-spacing:-0.59px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:4962.68px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:5830.61px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="height:18.22px;left:0px;position:absolute;top:0px;transform:translate(23.759px,387.484px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:339.84px">
			<div style="width:6796.8px;height:288px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2720.1px;letter-spacing:-0.88px;white-space:nowrap">Ticker </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3188.3px;letter-spacing:-0.27px;white-space:nowrap">Symbol: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3804.41px;white-space:nowrap">CEE</div></div>
		</div>
		<div style="height:30.96px;left:0px;position:absolute;top:0px;transform:translate(150.480px,545.760px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:86.40px">
			<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
		</div>
		<div style="height:79.37px;left:0px;position:absolute;top:0px;transform:translate(23.759px,417.712px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:339.84px">
			<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
		</div>


</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-1.31px;white-space:nowrap">Contents</div></div>
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		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">2 </div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
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		<div style="height:502.20px;left:0px;position:absolute;top:0px;transform:translate(28.800px,54.578px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
		</div>
		<div style="height:148.71px;left:0px;position:absolute;top:0px;transform:translate(28.800px,408.820px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:2893.76px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.02px) rotate(0deg) scale(0.05)">







			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:310.17px;letter-spacing:-0.59px;white-space:nowrap">brand </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:774.67px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:1162.88px;letter-spacing:-0.64px;white-space:nowrap">represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:1972.88px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:2361.09px;letter-spacing:-0.59px;white-space:nowrap">Group </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:2854.16px;white-space:nowrap">GmbH </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:3355.14px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:3516.42px;white-space:nowrap">Co. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:3791.34px;letter-spacing:-0.78px;white-space:nowrap">KGaA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:4214.88px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:4527.33px;letter-spacing:-0.88px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:4822.12px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:5010.47px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1523px;left:5219.65px;letter-spacing:-0.07px;white-space:nowrap">subsidiaries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:0px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:373.89px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:568.92px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:957.13px;letter-spacing:-0.53px;white-space:nowrap">Distributors, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:1885.61px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:2184.35px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:2654.12px;text-rendering:optimizeLegibility;letter-spacing:-1.26px;white-space:nowrap">offers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:3103.77px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:3949.8px;letter-spacing:-0.39px;white-space:nowrap">products </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:4628.76px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:4825.37px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1739px;left:5213.58px;letter-spacing:-0.8px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:0px;letter-spacing:-0.28px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:1009.95px;letter-spacing:-0.18px;white-space:nowrap">Americas, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:1758.34px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:2057.08px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:2369.53px;white-space:nowrap">RREEF </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:2860.58px;letter-spacing:-0.22px;white-space:nowrap">America </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:3495.32px;letter-spacing:-0.5px;white-space:nowrap">L.L.C. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:3911.75px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:4381.52px;text-rendering:optimizeLegibility;letter-spacing:-0.88px;white-space:nowrap">offer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:4765.08px;letter-spacing:0.1px;white-space:nowrap">advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1955px;left:5408.7px;letter-spacing:0.2px;white-space:nowrap">services.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:0px;letter-spacing:-1.32px;white-space:nowrap">NOT </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:355.08px;letter-spacing:-0.35px;white-space:nowrap">FDIC/NCUA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:1216.85px;white-space:nowrap">INSURED </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:2027.37px;white-space:nowrap">NO </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:2300.71px;letter-spacing:-0.35px;white-space:nowrap">BANK </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:2743.07px;letter-spacing:-0.35px;white-space:nowrap">GUARANTEE </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:3806.19px;letter-spacing:-3.08px;white-space:nowrap">MAY </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:4172.52px;letter-spacing:-0.88px;white-space:nowrap">LOSE </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2286.2px;left:4571.46px;letter-spacing:-2.29px;white-space:nowrap">VALUE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:0px;letter-spacing:-1.32px;white-space:nowrap">NOT </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:355.08px;white-space:nowrap">A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:497.2px;white-space:nowrap">DEPOSIT </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:1238.12px;letter-spacing:-1.32px;white-space:nowrap">NOT </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:1593.19px;white-space:nowrap">INSURED </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:2281.64px;letter-spacing:-1.46px;white-space:nowrap">BY </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:2498.73px;white-space:nowrap">ANY </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:2840.19px;white-space:nowrap">FEDERAL </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:3521.51px;letter-spacing:-0.16px;white-space:nowrap">GOVERNMENT </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2502.2px;left:4631.48px;letter-spacing:-0.15px;white-space:nowrap">AGENCY</div></div>
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		<div style="height:357.08px;left:0px;position:absolute;top:0px;transform:translate(28.800px,55.756px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:7027.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.72px) rotate(0deg) scale(0.05)">









			<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:15px;left:0px;white-space:nowrap">4</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:460.8px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">Letter </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1029.6px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1264.21px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1609.25px;letter-spacing:-0.63px;white-space:nowrap">Shareholders</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:423px;left:0px;white-space:nowrap">8</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:408px;left:460.8px;letter-spacing:-0.85px;white-space:nowrap">Performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:408px;left:1647.06px;letter-spacing:0.15px;white-space:nowrap">Summary</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:831px;left:0px;white-space:nowrap">10</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:816px;left:460.8px;white-space:nowrap">Schedule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:816px;left:1312.55px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:816px;left:1542.75px;letter-spacing:-0.98px;white-space:nowrap">Investments</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1239px;left:0px;white-space:nowrap">16</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1224px;left:460.8px;letter-spacing:-0.97px;white-space:nowrap">Statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1224px;left:1426.63px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1224px;left:1656.84px;letter-spacing:-0.15px;white-space:nowrap">Assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1224px;left:2265.7px;letter-spacing:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1224px;left:2647.59px;text-rendering:optimizeLegibility;white-space:nowrap">Liabilities</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1647px;left:0px;white-space:nowrap">17</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1632px;left:460.8px;letter-spacing:-0.97px;white-space:nowrap">Statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1632px;left:1426.63px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1632px;left:1656.84px;text-rendering:optimizeLegibility;letter-spacing:-0.64px;white-space:nowrap">Operations</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2055px;left:0px;white-space:nowrap">18</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2040px;left:460.8px;letter-spacing:-0.88px;white-space:nowrap">Statements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2040px;left:1511.71px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2040px;left:1741.91px;letter-spacing:-0.2px;white-space:nowrap">Changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2040px;left:2536.84px;letter-spacing:0px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2040px;left:2749.42px;letter-spacing:-0.27px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2040px;left:3119.49px;letter-spacing:-0.18px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2463px;left:0px;white-space:nowrap">19</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2448px;left:460.8px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2448px;left:1286.66px;letter-spacing:-0.21px;white-space:nowrap">Highlights</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2871px;left:0px;white-space:nowrap">21</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2856px;left:460.8px;letter-spacing:-0.36px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2856px;left:1029.6px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2856px;left:1264.21px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2856px;left:2090.07px;letter-spacing:-0.97px;white-space:nowrap">Statements</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3279px;left:0px;white-space:nowrap">31</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3264px;left:460.8px;text-rendering:optimizeLegibility;white-space:nowrap">Additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3264px;left:1411.91px;text-rendering:optimizeLegibility;letter-spacing:-0.78px;white-space:nowrap">Information</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:153.57px;white-space:nowrap">3 </div></div>
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		<div style="height:532.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.879px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10539.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.92px) rotate(0deg) scale(0.05)">






			<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:327.4px;letter-spacing:-0.7px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:918.36px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:1248.17px;letter-spacing:-0.99px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:1859.55px;letter-spacing:-0.53px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:2447.55px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:2920.51px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:3235.84px;white-space:nowrap">(the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:3590.61px;white-space:nowrap">&#8220;Fund&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:4229.36px;letter-spacing:-0.31px;white-space:nowrap">seeks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:4688.96px;letter-spacing:-0.19px;white-space:nowrap">long-term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:0px;left:5489.13px;letter-spacing:-0.58px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">appreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:997.41px;letter-spacing:-0.46px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:1648.86px;letter-spacing:-0.84px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:2541.9px;white-space:nowrap">primarily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:3263.86px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:3447.46px;white-space:nowrap">equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:3969.87px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:4299.68px;letter-spacing:-0.8px;white-space:nowrap">equity-linked </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:5328.07px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:228px;left:6095.59px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:456px;left:0px;letter-spacing:-0.46px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:456px;left:559.7px;white-space:nowrap">domiciled </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:456px;left:1349.95px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:456px;left:1533.54px;letter-spacing:-0.7px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:456px;left:2124.51px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:456px;left:2454.32px;letter-spacing:-0.99px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:456px;left:3065.7px;letter-spacing:-0.53px;white-space:nowrap">Europe.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:0px;letter-spacing:-0.77px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:970.97px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:1154.57px;white-space:nowrap">funds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:1623.91px;letter-spacing:-0.87px;white-space:nowrap">involve </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:2202.63px;letter-spacing:-0.27px;white-space:nowrap">risks, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:2628.36px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:3361.83px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:3659.82px;white-space:nowrap">loss </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:3990.74px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:799.2px;left:4189.56px;white-space:nowrap">principal.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:327.4px;letter-spacing:-0.4px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:862.05px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:1060.86px;letter-spacing:-0.46px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:1486.79px;white-space:nowrap">closed-end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:2367.11px;white-space:nowrap">funds, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:2882.93px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:3616.4px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:3914.39px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:4387.35px;letter-spacing:-0.7px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:4676.34px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:4979.52px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">continuously </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1142.4px;left:5994.65px;text-rendering:optimizeLegibility;letter-spacing:-0.93px;white-space:nowrap">offered. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:0px;white-space:nowrap">Once </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:440.67px;white-space:nowrap">issued, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:1010.3px;letter-spacing:-0.4px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:1544.96px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:1743.77px;white-space:nowrap">closed-end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:2624.1px;white-space:nowrap">funds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:3093.44px;letter-spacing:-0.7px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:3382.43px;letter-spacing:-0.27px;white-space:nowrap">bought </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:3970.24px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:4300.05px;white-space:nowrap">sold </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:4656.21px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:4839.8px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:5137.79px;white-space:nowrap">open </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1370.4px;left:5571.14px;letter-spacing:-0.93px;white-space:nowrap">market. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:0px;letter-spacing:-0.4px;white-space:nowrap">Shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:547.18px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:745.99px;white-space:nowrap">closed-end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:1626.32px;white-space:nowrap">funds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:2095.66px;letter-spacing:-0.42px;white-space:nowrap">frequently </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:2928.3px;letter-spacing:-0.62px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:3377.51px;letter-spacing:-0.62px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:3570.48px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:3702.87px;letter-spacing:-0.41px;white-space:nowrap">discount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:4395.98px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:4598.59px;letter-spacing:-0.23px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:4895.65px;letter-spacing:-0.15px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:5330.39px;letter-spacing:-0.4px;white-space:nowrap">value. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1598.4px;left:5824.59px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:0px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:423.79px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:622.6px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:920.59px;letter-spacing:-1.72px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:1454.97px;letter-spacing:-0.4px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:1989.62px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:2147.98px;letter-spacing:-0.25px;white-space:nowrap">determined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:3086.11px;letter-spacing:-0.31px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:3310.62px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:3443.01px;white-space:nowrap">number </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:4091.77px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:4290.59px;letter-spacing:-1.08px;white-space:nowrap">factors, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:4897.79px;letter-spacing:-0.81px;white-space:nowrap">several </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:5475.95px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:5674.77px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:1826.4px;left:6170.64px;letter-spacing:-0.7px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:0px;letter-spacing:-0.46px;white-space:nowrap">beyond </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:612.58px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:910.57px;letter-spacing:-0.93px;white-space:nowrap">control </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:1493.65px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:1692.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:1990.45px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:2463.41px;letter-spacing:-1.1px;white-space:nowrap">Therefore, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:3299.86px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:3597.85px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:4024.33px;letter-spacing:-0.27px;white-space:nowrap">cannot </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:4594.6px;letter-spacing:-0.35px;white-space:nowrap">predict </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:5176.76px;letter-spacing:-0.12px;white-space:nowrap">whether </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:5864.67px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2054.4px;left:6085.47px;letter-spacing:-0.4px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:0px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:301.51px;letter-spacing:-0.62px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:750.72px;letter-spacing:-0.46px;white-space:nowrap">at, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:990.17px;letter-spacing:-2.65px;white-space:nowrap">below, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:1527.42px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:1734.96px;letter-spacing:-0.46px;white-space:nowrap">above </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:2239.83px;letter-spacing:-0.23px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:2536.89px;letter-spacing:-0.15px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2282.4px;left:2971.63px;letter-spacing:-0.46px;white-space:nowrap">value.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.74px;white-space:nowrap">Investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:722.24px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:905.84px;letter-spacing:-0.93px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:1486.32px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:2253.84px;letter-spacing:-0.52px;white-space:nowrap">presents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:2952.24px;letter-spacing:-0.35px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:3525.11px;letter-spacing:-0.27px;white-space:nowrap">risks, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:3950.85px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:4345.51px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:4551.37px;letter-spacing:-0.31px;white-space:nowrap">currency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2625.6px;left:5259.23px;text-rendering:optimizeLegibility;letter-spacing:-0.13px;white-space:nowrap">fluctuations, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">political </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:637.82px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:967.63px;letter-spacing:-0.21px;white-space:nowrap">economic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:1753.33px;letter-spacing:-0.15px;white-space:nowrap">changes, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:2465.45px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:2795.26px;letter-spacing:-1.06px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:3376.12px;letter-spacing:-0.27px;white-space:nowrap">risks. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:3801.86px;letter-spacing:-0.31px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:4563.34px;letter-spacing:-0.93px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:5217.67px;letter-spacing:-0.37px;white-space:nowrap">tend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:5612.51px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:5815.13px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:2853.6px;left:6050.68px;letter-spacing:-0.56px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">volatile </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:591.99px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:921.8px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:1247.52px;white-space:nowrap">liquid </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:1712.41px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:2104.66px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:2402.65px;letter-spacing:-0.93px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:3056.98px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:3255.79px;letter-spacing:-0.56px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:3704.72px;letter-spacing:-0.66px;white-space:nowrap">mature </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:4303.3px;letter-spacing:-0.17px;white-space:nowrap">economies, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:5222.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3081.6px;left:5551.84px;letter-spacing:-0.51px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:0px;letter-spacing:-1.02px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:403.47px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:729.2px;letter-spacing:-0.7px;white-space:nowrap">diverse </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:1317.57px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:1647.38px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:1973.11px;letter-spacing:-0.66px;white-space:nowrap">mature </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:2571.68px;letter-spacing:-0.21px;white-space:nowrap">economic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:3357.38px;letter-spacing:-0.46px;white-space:nowrap">structures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:4170.17px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:4499.98px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:4825.7px;letter-spacing:-0.73px;white-space:nowrap">stable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:5323.43px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">political </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3309.6px;left:5961.25px;letter-spacing:-1.28px;white-space:nowrap">systems </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:0px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:392.25px;white-space:nowrap">those </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:862.79px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:1061.61px;letter-spacing:-0.28px;white-space:nowrap">developed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:1904.17px;letter-spacing:-0.34px;white-space:nowrap">countries. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:2704.44px;letter-spacing:-0.93px;white-space:nowrap">Any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:3033.23px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:3429.09px;letter-spacing:-0.37px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:3783.21px;letter-spacing:-0.58px;white-space:nowrap">focuses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:4397.74px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:4581.34px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:4713.73px;text-rendering:optimizeLegibility;white-space:nowrap">particular </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3537.6px;left:5489.59px;letter-spacing:-0.23px;white-space:nowrap">segment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:198.81px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:496.8px;letter-spacing:-1.06px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:1077.66px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:1285.19px;letter-spacing:-0.4px;white-space:nowrap">region </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:1813.54px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:2012.35px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:2310.34px;letter-spacing:-0.31px;white-space:nowrap">world </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:2789.42px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:3090.93px;letter-spacing:-0.51px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:3826.9px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:4062.46px;letter-spacing:-0.56px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:4511.39px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">volatile </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:5103.37px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:5495.62px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:5628.01px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3765.6px;left:6023.87px;letter-spacing:-0.37px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:0px;letter-spacing:-0.93px;white-space:nowrap">invests </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:563.04px;letter-spacing:-0.56px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:1011.97px;letter-spacing:-1.86px;white-space:nowrap">broadly. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:1661.85px;white-space:nowrap">This </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:2010.77px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:2437.25px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:2595.62px;text-rendering:optimizeLegibility;letter-spacing:-0.35px;white-space:nowrap">non-diversified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:3777.36px;letter-spacing:-1.16px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:4037.04px;white-space:nowrap">purposes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:4781.54px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:4980.36px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:3993.6px;left:5278.34px;letter-spacing:-0.84px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:0px;letter-spacing:-0.46px;white-space:nowrap">Company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:760.93px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:1054.18px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:1253px;white-space:nowrap">1940, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:1727.63px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:2057.44px;letter-spacing:-0.46px;white-space:nowrap">can </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:2367.49px;letter-spacing:-1.86px;white-space:nowrap">take </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:2730.69px;letter-spacing:-0.6px;white-space:nowrap">larger </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:3214.79px;text-rendering:optimizeLegibility;white-space:nowrap">positions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:3945.1px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:4128.7px;letter-spacing:-1.39px;white-space:nowrap">fewer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:4606.11px;letter-spacing:-0.41px;white-space:nowrap">issuers, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:5212.29px;letter-spacing:-0.25px;white-space:nowrap">increasing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4221.6px;left:6025.91px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4449.6px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.37px;white-space:nowrap">potential </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4449.6px;left:726.32px;white-space:nowrap">risk.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:327.4px;letter-spacing:-0.27px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:884.97px;letter-spacing:-0.81px;white-space:nowrap">States, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:1435.58px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:1733.56px;letter-spacing:-0.41px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:2509.71px;white-space:nowrap">Union, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:3058.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:3356.36px;letter-spacing:-0.27px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:3913.93px;letter-spacing:-0.17px;white-space:nowrap">Kingdom </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:4629.12px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:4958.93px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:5421.49px;letter-spacing:-0.37px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:4792.8px;left:6175.28px;letter-spacing:-1.02px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:0px;white-space:nowrap">imposed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:699.05px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:1458.58px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:1699.33px;white-space:nowrap">Russia, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:2266.92px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:2886.74px;letter-spacing:-0.17px;white-space:nowrap">companies, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:3800.65px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:4130.46px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:4750.28px;white-space:nowrap">individuals </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:5602.31px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5020.8px;left:5785.91px;letter-spacing:-0.31px;white-space:nowrap">response </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:0px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:202.62px;text-rendering:optimizeLegibility;white-space:nowrap">actions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:789.97px;letter-spacing:-1.55px;white-space:nowrap">taken </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:1251.88px;letter-spacing:-0.31px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:1476.4px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:1997.5px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:2181.1px;letter-spacing:-0.66px;white-space:nowrap">recent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:2714.64px;letter-spacing:-0.86px;white-space:nowrap">years, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:3204.12px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:3937.58px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:4158.38px;letter-spacing:-0.21px;white-space:nowrap">February </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:4882.39px;white-space:nowrap">2022 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:5310.54px;letter-spacing:-0.67px;white-space:nowrap">invasion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5248.8px;left:5974.33px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:0px;letter-spacing:-0.46px;white-space:nowrap">Ukraine </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:633.27px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:963.08px;letter-spacing:-0.25px;white-space:nowrap">subsequent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:1893.97px;text-rendering:optimizeLegibility;white-space:nowrap">activities. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:2652.3px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:2840.35px;white-space:nowrap">turn, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:3255.14px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:3776.25px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:4080.83px;white-space:nowrap">imposed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:4779.87px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:5539.41px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5476.8px;left:5780.16px;letter-spacing:-1.39px;white-space:nowrap">Western </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:0px;white-space:nowrap">individuals, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:898.51px;white-space:nowrap">businesses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:1761.21px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:2091.02px;letter-spacing:-0.37px;white-space:nowrap">products, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:2854.17px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:3183.98px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:3481.97px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:4101.79px;letter-spacing:-0.7px;white-space:nowrap">central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:4671.88px;white-space:nowrap">bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:5085.47px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:5390.04px;letter-spacing:-1.55px;white-space:nowrap">taken </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5704.8px;left:5851.96px;text-rendering:optimizeLegibility;white-space:nowrap">actions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:0px;letter-spacing:-0.37px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:354.12px;letter-spacing:-1.02px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:757.59px;text-rendering:optimizeLegibility;letter-spacing:-0.77px;white-space:nowrap">effectively </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:1574.92px;letter-spacing:-1.59px;white-space:nowrap">frozen </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:2095.47px;letter-spacing:-0.46px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:2521.4px;letter-spacing:-0.77px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:3487.91px;letter-spacing:-0.31px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:3712.42px;letter-spacing:-1.39px;white-space:nowrap">Western </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:4399.5px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">entities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:5052.81px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:5786.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:5932.8px;left:6084.27px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:183.6px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:803.42px;letter-spacing:-0.17px;white-space:nowrap">companies. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:1717.33px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:2212.09px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:2971.63px;letter-spacing:-1.02px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:3375.1px;letter-spacing:-0.56px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:4136.67px;text-rendering:optimizeLegibility;letter-spacing:-0.93px;white-space:nowrap">affected </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:4799.45px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:5102.63px;white-space:nowrap">only </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:5469.09px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6160.8px;left:5767.08px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:0px;letter-spacing:-0.7px;white-space:nowrap">economy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:743.02px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:1045.83px;white-space:nowrap">also </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:1392.71px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:1690.7px;letter-spacing:-0.19px;white-space:nowrap">economies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:2562.96px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:2761.77px;letter-spacing:-0.74px;white-space:nowrap">many </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:3223.23px;letter-spacing:-0.37px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:3977.01px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:4160.61px;letter-spacing:-0.46px;white-space:nowrap">Europe, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:4795.09px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:5528.55px;letter-spacing:-0.37px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6388.8px;left:6282.34px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:0px;letter-spacing:-0.7px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:590.97px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:920.78px;letter-spacing:-0.99px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:1532.15px;letter-spacing:-0.46px;white-space:nowrap">Europe, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:2166.63px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:2496.44px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:2794.43px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">continuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:3800.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:3999.65px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:4805.66px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:5013.2px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:5311.19px;text-rendering:optimizeLegibility;white-space:nowrap">imposition </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6616.8px;left:6160.25px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:0px;letter-spacing:-0.23px;white-space:nowrap">new </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:367.38px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:1173.4px;letter-spacing:-0.93px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:1536.14px;letter-spacing:-1.02px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:1939.61px;white-space:nowrap">further </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:2524.09px;letter-spacing:-0.7px;white-space:nowrap">adverse </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:3159.96px;text-rendering:optimizeLegibility;letter-spacing:-0.93px;white-space:nowrap">effects </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:3708.99px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:3949.74px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:4569.56px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:4899.37px;letter-spacing:-0.41px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6844.8px;left:5675.51px;letter-spacing:-0.17px;white-space:nowrap">economies. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:0px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:223.49px;letter-spacing:-0.34px;white-space:nowrap">previously </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:1043.33px;letter-spacing:-0.46px;white-space:nowrap">reported, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:1805.83px;letter-spacing:-0.35px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:2378.71px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:2577.52px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:2875.51px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:3416.1px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:4035.92px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:4720.5px;letter-spacing:-1.02px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:5123.97px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:5552.12px;letter-spacing:-0.4px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7072.8px;left:6098.55px;letter-spacing:-0.62px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:0px;letter-spacing:-1.67px;white-space:nowrap">zero </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:367.85px;white-space:nowrap">since </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:799.61px;letter-spacing:-0.46px;white-space:nowrap">March </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:1334.73px;white-space:nowrap">14, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:1616.76px;white-space:nowrap">2022 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:2044.91px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:2228.51px;letter-spacing:-0.31px;white-space:nowrap">light </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:2603.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:2802.5px;letter-spacing:-0.31px;white-space:nowrap">measures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:3581.33px;letter-spacing:-0.35px;white-space:nowrap">adopted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:4262.48px;letter-spacing:-0.31px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:4486.99px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:4784.98px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:5404.79px;letter-spacing:-0.7px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7300.8px;left:5995.76px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:329.81px;letter-spacing:-0.39px;white-space:nowrap">Government, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:1379.91px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:1585.78px;letter-spacing:-0.37px;white-space:nowrap">well </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:1937.39px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:2143.25px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:2902.79px;letter-spacing:-0.31px;white-space:nowrap">implemented </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:3966.71px;letter-spacing:-0.31px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:4191.23px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:4489.21px;letter-spacing:-0.27px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:5046.78px;letter-spacing:-0.93px;white-space:nowrap">States </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:5550.91px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7528.8px;left:5880.72px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:0px;letter-spacing:-0.37px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:753.78px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:937.38px;letter-spacing:-0.31px;white-space:nowrap">response </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:1674.28px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:1876.9px;white-space:nowrap">Russia&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:2512.12px;letter-spacing:-0.67px;white-space:nowrap">invasion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:3175.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:3374.73px;letter-spacing:-0.41px;white-space:nowrap">Ukraine. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:4054.48px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:4381.88px;text-rendering:optimizeLegibility;letter-spacing:-0.93px;white-space:nowrap">effects </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:4930.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:5129.72px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:5427.71px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7756.8px;left:6187.25px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:0px;letter-spacing:-0.31px;white-space:nowrap">measures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:778.83px;letter-spacing:-0.35px;white-space:nowrap">adopted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:1459.98px;letter-spacing:-0.31px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:1684.49px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:1982.48px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:2602.29px;letter-spacing:-0.7px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:3193.26px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:3609.81px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:3939.62px;letter-spacing:-0.42px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:4943.25px;letter-spacing:-0.7px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:5232.24px;letter-spacing:-1.03px;white-space:nowrap">far-reaching </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7984.8px;left:6189.66px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:0px;white-space:nowrap">include, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:644.13px;white-space:nowrap">among </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:1213.66px;letter-spacing:-0.46px;white-space:nowrap">others, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:1792.48px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:2090.46px;letter-spacing:-0.52px;white-space:nowrap">freezing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:2743.31px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:2942.12px;letter-spacing:-0.35px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:3515px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:4134.82px;letter-spacing:-0.13px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:4643.03px;white-space:nowrap">held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:5019.23px;letter-spacing:-0.31px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:5243.74px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">entities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8212.8px;left:5897.05px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:0px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:205.86px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:503.85px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:976.81px;letter-spacing:-0.37px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:1330.93px;letter-spacing:-0.7px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:1619.92px;letter-spacing:-1.11px;white-space:nowrap">organized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:2402.83px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:2586.43px;letter-spacing:-0.37px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:3340.21px;letter-spacing:-0.4px;white-space:nowrap">viewed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:3925.15px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:4131.02px;letter-spacing:0.36px;white-space:nowrap">&#8220;unfriendly&#8221; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:5112.74px;letter-spacing:-0.31px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:5337.26px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8440.8px;left:5635.24px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:8668.8px;left:0px;letter-spacing:-0.42px;white-space:nowrap">Government.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:0px;letter-spacing:-4.82px;white-space:nowrap">War, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:387.61px;letter-spacing:-0.51px;white-space:nowrap">terrorism, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:1189.08px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:1995.09px;letter-spacing:-0.21px;white-space:nowrap">economic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:2780.79px;letter-spacing:-1.5px;white-space:nowrap">uncertainty, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:3727.08px;letter-spacing:-0.62px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:4176.29px;letter-spacing:-0.19px;white-space:nowrap">disputes, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:4905.21px;white-space:nowrap">public </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:5408.97px;white-space:nowrap">health </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9012px;left:5937.04px;white-space:nowrap">crises, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:0px;letter-spacing:-0.7px;white-space:nowrap">natural </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:583.54px;letter-spacing:-0.72px;white-space:nowrap">disasters, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:1337.42px;letter-spacing:-0.46px;white-space:nowrap">climate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:1937.39px;letter-spacing:-0.2px;white-space:nowrap">change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:2529.56px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:2859.37px;letter-spacing:-0.81px;white-space:nowrap">related </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:3441.62px;text-rendering:optimizeLegibility;letter-spacing:-0.25px;white-space:nowrap">geopolitical </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:4360.07px;letter-spacing:-0.66px;white-space:nowrap">events </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:4904.38px;letter-spacing:-1.02px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:5307.85px;white-space:nowrap">led </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:5585.33px;white-space:nowrap">and, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:5961.62px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9240px;left:6145.22px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:0px;letter-spacing:-0.35px;white-space:nowrap">future, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:562.67px;letter-spacing:-0.93px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:925.42px;white-space:nowrap">lead </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:1292.33px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:1494.95px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:2308.76px;text-rendering:optimizeLegibility;letter-spacing:-0.08px;white-space:nowrap">disruptions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:3201.98px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:3385.58px;letter-spacing:-0.74px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:3724.58px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:4054.38px;letter-spacing:-0.31px;white-space:nowrap">world </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:4533.47px;letter-spacing:-0.19px;white-space:nowrap">economies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:5405.72px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9468px;left:5735.53px;letter-spacing:-0.82px;white-space:nowrap">markets, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:0px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:495.87px;letter-spacing:-0.93px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:858.62px;white-space:nowrap">lead </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:1225.54px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:1428.15px;letter-spacing:-0.28px;white-space:nowrap">increased </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:2204.67px;letter-spacing:-1.06px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:2785.52px;text-rendering:optimizeLegibility;letter-spacing:-0.34px;white-space:nowrap">volatility </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:3471.77px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:3801.58px;letter-spacing:-0.93px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:4164.32px;letter-spacing:-1.02px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:4567.79px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:5381.6px;letter-spacing:-0.7px;white-space:nowrap">adverse </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9696px;left:6017.47px;text-rendering:optimizeLegibility;letter-spacing:-0.93px;white-space:nowrap">effects </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:240.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:538.74px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:965.21px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:1295.02px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:1515.83px;letter-spacing:-0.71px;white-space:nowrap">investments. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:2528.82px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:2716.87px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:3014.86px;letter-spacing:-0.37px;white-space:nowrap">case </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:3393.56px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:3592.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:3890.36px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:4363.32px;letter-spacing:-1.34px;white-space:nowrap">Russia&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:4992.32px;letter-spacing:-0.67px;white-space:nowrap">invasion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:5656.12px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:9924px;left:5854.93px;letter-spacing:-0.46px;white-space:nowrap">Ukraine </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:0px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:304.58px;letter-spacing:-0.34px;white-space:nowrap">materially </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:1104.38px;letter-spacing:-0.56px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:1865.95px;text-rendering:optimizeLegibility;letter-spacing:-0.83px;white-space:nowrap">affected, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:2575.21px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:2905.01px;letter-spacing:-0.93px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:3267.76px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">continue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:3979.79px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:4182.41px;letter-spacing:-0.34px;white-space:nowrap">materially </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:4982.21px;letter-spacing:-0.56px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:5743.79px;text-rendering:optimizeLegibility;letter-spacing:-0.81px;white-space:nowrap">affect, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10152px;left:6262.3px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10380px;left:0px;letter-spacing:-0.46px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10380px;left:447.72px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10380px;left:777.53px;white-space:nowrap">liquidity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10380px;left:1430.57px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10380px;left:1629.38px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10380px;left:1927.37px;letter-spacing:-1.72px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:10380px;left:2461.74px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">portfolio.</div></div>
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		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:252.00px">
			<div style="width:5040px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

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		<div style="height:18.33px;left:0px;position:absolute;top:0px;transform:translate(280.800px,29.470px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:77.76px">
			<div style="width:1555.2px;height:265.82px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:505.3px;letter-spacing:-0.23px;white-space:nowrap">(Unaudited)</div></div>
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		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">4 </div></div>
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		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
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		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:503.15px;left:0px;position:absolute;top:0px;transform:translate(28.800px,54.376px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9978.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">















































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">Dear </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:471.37px;letter-spacing:-1.97px;white-space:nowrap">Shareholder,</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:0px;letter-spacing:-0.81px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:338.27px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:593.94px;letter-spacing:-0.54px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:1087.11px;letter-spacing:-0.77px;white-space:nowrap">recent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:1704.89px;white-space:nowrap">semiannual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:2769.55px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:3395.71px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:4005.76px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:4466.71px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:4793.27px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:5342.84px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:395.2px;left:5721.93px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:381.88px;letter-spacing:-1.14px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:1089.79px;letter-spacing:-0.61px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:1770.63px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2318.27px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2683.4px;white-space:nowrap">(the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:3094.18px;white-space:nowrap">&#8220;Fund&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:3833.78px;letter-spacing:-0.69px;white-space:nowrap">posted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:4488.09px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:4641.38px;letter-spacing:-0.9px;white-space:nowrap">total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:5097.17px;letter-spacing:-0.61px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:5703.89px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:5916.47px;letter-spacing:-0.86px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:0px;letter-spacing:-0.54px;white-space:nowrap">dollars </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:636.04px;white-space:nowrap">(&#8220;USD&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:1370.27px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:1600.48px;white-space:nowrap">28.92% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:2305.6px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:2881.27px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:3160.03px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:3503.99px;letter-spacing:-0.18px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:4007.37px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:4525.79px;letter-spacing:-0.27px;white-space:nowrap">(&#8220;NAV&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:5271.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:5653.08px;white-space:nowrap">40.50% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:0px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:575.67px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:854.43px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:1527px;white-space:nowrap">price. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:2071.52px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:2450.62px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:3069.37px;white-space:nowrap">benchmark, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:4168.51px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:4513.54px;white-space:nowrap">MSCI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:5020.15px;letter-spacing:-0.36px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:0px;letter-spacing:-1.07px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:769.46px;letter-spacing:-1.14px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:1477.37px;letter-spacing:-0.61px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:2158.21px;letter-spacing:-0.46px;white-space:nowrap">Index, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:2741.62px;letter-spacing:-0.48px;white-space:nowrap">returned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:3571.35px;white-space:nowrap">33.93% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4276.46px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4896.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:5241.65px;white-space:nowrap">same </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:5762.75px;white-space:nowrap">period.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:128.3px;font-weight:300;position:absolute;top:1510.75px;left:6393px;white-space:nowrap">1</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:379.09px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:872.91px;letter-spacing:-0.61px;white-space:nowrap">traded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:1507.34px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:1730.78px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:1998.37px;letter-spacing:-1.48px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:2736.57px;letter-spacing:-0.4px;white-space:nowrap">premium </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:3592.83px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:3827.44px;letter-spacing:-2.15px;white-space:nowrap">NAV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:4254.87px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:4485.08px;white-space:nowrap">9.24% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:5078.69px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:5379.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:5724.4px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:6350.57px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:0px;letter-spacing:-3.22px;white-space:nowrap">review, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:670.1px;letter-spacing:-0.6px;white-space:nowrap">compared </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:1613.48px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:2052.08px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:2319.67px;letter-spacing:-1.48px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:3057.87px;letter-spacing:-0.48px;white-space:nowrap">discount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:3860.42px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:4090.63px;white-space:nowrap">0.94% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:4684.24px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:4984.91px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:5329.95px;white-space:nowrap">same </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:5851.05px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:6477.22px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:0px;letter-spacing:-0.54px;white-space:nowrap">year </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:432.16px;letter-spacing:-2.95px;white-space:nowrap">earlier.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:2814.9px;left:0px;letter-spacing:-0.6px;white-space:nowrap">Performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:2814.9px;left:1279.04px;white-space:nowrap">Discussion</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:0px;white-space:nowrap">With </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:478.67px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:823.71px;letter-spacing:-0.94px;white-space:nowrap">removal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:1588.13px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:1818.33px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:2421.72px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:2897.49px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:3242.53px;white-space:nowrap">benchmark </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:4287.85px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:4500.44px;letter-spacing:-0.54px;white-space:nowrap">March </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:5120.05px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:5350.25px;white-space:nowrap">2022, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3217.6px;left:5899.82px;letter-spacing:-0.69px;white-space:nowrap">Poland </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:0px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:183.37px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:443.33px;letter-spacing:-1.21px;white-space:nowrap">far </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:733.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:1078.41px;letter-spacing:-0.27px;white-space:nowrap">biggest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:1761.18px;letter-spacing:-0.4px;white-space:nowrap">country </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:2489.72px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:2702.3px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:3047.34px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:3666.09px;white-space:nowrap">benchmark </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:4711.42px;letter-spacing:-0.46px;white-space:nowrap">index, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:5289.67px;letter-spacing:-0.95px;white-space:nowrap">followed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3497.6px;left:6099.84px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:0px;letter-spacing:-0.4px;white-space:nowrap">Hungary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:790.84px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:1172.72px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:1517.76px;letter-spacing:-0.9px;white-space:nowrap">Czech </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:2083.02px;letter-spacing:-0.43px;white-space:nowrap">Republic. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:2941.64px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:3320.73px;letter-spacing:-1.07px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:4078.38px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:4290.97px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:4636.01px;white-space:nowrap">benchmark </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3777.6px;left:5681.33px;letter-spacing:-0.54px;white-space:nowrap">index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">continued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:938.76px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:1173.37px;letter-spacing:-0.72px;white-space:nowrap">rally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:1592.31px;letter-spacing:-0.64px;white-space:nowrap">over </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:2034.89px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:2379.93px;letter-spacing:-0.86px;white-space:nowrap">six-month </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:3303.76px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">reporting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:4176.24px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:4802.4px;white-space:nowrap">ending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:5455.42px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4057.6px;left:5916.37px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4337.6px;left:0px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4337.6px;left:549.57px;letter-spacing:-0.27px;white-space:nowrap">despite </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4337.6px;left:1249.1px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4337.6px;left:1594.14px;letter-spacing:-0.13px;white-space:nowrap">ongoing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4337.6px;left:2355.65px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">hostilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4337.6px;left:3245.97px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4337.6px;left:3458.55px;letter-spacing:-0.54px;white-space:nowrap">Ukraine.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">Sentiment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:956.48px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:1395.09px;letter-spacing:-0.4px;white-space:nowrap">respect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:2100.1px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:2334.71px;letter-spacing:-0.69px;white-space:nowrap">Poland </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:2986.76px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">benefited </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:3887.06px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:4362.83px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:4707.87px;letter-spacing:-0.95px;white-space:nowrap">approval </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4732.8px;left:5520.63px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:0px;letter-spacing:-0.36px;white-space:nowrap">November </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:980.01px;white-space:nowrap">2024 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:1475.76px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:1705.97px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:1859.26px;letter-spacing:-1.23px;white-space:nowrap">record </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:2483.38px;letter-spacing:-0.48px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:3382.07px;white-space:nowrap">Union </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:3963.54px;white-space:nowrap">(&#8220;EU&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:4572.2px;white-space:nowrap">funding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:5296.54px;letter-spacing:-0.66px;white-space:nowrap">package. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5012.8px;left:6118px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5631px;left:0px;letter-spacing:-0.13px;white-space:nowrap">Country </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5631px;left:742.79px;letter-spacing:-0.75px;white-space:nowrap">Breakdown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5653.5px;left:1780.08px;white-space:nowrap">(As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5653.5px;left:2045.6px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5653.5px;left:2171.02px;white-space:nowrap">% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5653.5px;left:2338.97px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5653.5px;left:2527.32px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5653.5px;left:2830.11px;letter-spacing:-0.13px;white-space:nowrap">Assets)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5653.5px;left:4544.36px;white-space:nowrap">4/30/25</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5653.5px;left:5893.13px;white-space:nowrap">10/31/24</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5902.5px;left:0px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5902.5px;left:4845.47px;white-space:nowrap">66%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5902.5px;left:6285.47px;white-space:nowrap">62%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6166.5px;left:0px;letter-spacing:-0.38px;white-space:nowrap">Hungary</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6166.5px;left:4845.47px;white-space:nowrap">19%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6166.5px;left:6285.47px;white-space:nowrap">18%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6430.5px;left:0px;letter-spacing:-0.73px;white-space:nowrap">Czech </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6430.5px;left:462.48px;letter-spacing:-0.44px;white-space:nowrap">Republic</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6430.5px;left:4936.7px;white-space:nowrap">3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6430.5px;left:6376.7px;white-space:nowrap">4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6694.5px;left:0px;letter-spacing:-0.5px;white-space:nowrap">Moldova</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6694.5px;left:4936.7px;white-space:nowrap">3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6694.5px;left:6376.7px;white-space:nowrap">3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6958.5px;left:0px;letter-spacing:-0.93px;white-space:nowrap">Portugal</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6958.5px;left:4936.7px;white-space:nowrap">2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6958.5px;left:6376.7px;white-space:nowrap">2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7222.5px;left:0px;letter-spacing:-0.08px;white-space:nowrap">Netherlands</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7222.5px;left:4936.7px;white-space:nowrap">1%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7222.5px;left:6376.7px;white-space:nowrap">6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7486.5px;left:0px;letter-spacing:-3.22px;white-space:nowrap">Turkey</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7486.5px;left:4936.7px;white-space:nowrap">1%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7486.5px;left:6432.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7750.5px;left:0px;letter-spacing:-1.19px;white-space:nowrap">Kazakhstan</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7750.5px;left:4936.7px;white-space:nowrap">0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7750.5px;left:6376.7px;white-space:nowrap">0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8014.5px;left:0px;letter-spacing:-0.59px;white-space:nowrap">France</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8014.5px;left:4936.7px;white-space:nowrap">0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8014.5px;left:6376.7px;white-space:nowrap">0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8278.5px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Austria</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8278.5px;left:4936.7px;white-space:nowrap">0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8278.5px;left:6376.7px;white-space:nowrap">2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8542.5px;left:0px;white-space:nowrap">Russia</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8542.5px;left:4936.7px;white-space:nowrap">0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8542.5px;left:6376.7px;white-space:nowrap">0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8806.5px;left:0px;white-space:nowrap">Cash*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8806.5px;left:4936.7px;white-space:nowrap">5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8806.5px;left:6376.7px;white-space:nowrap">3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9070.5px;left:4754.24px;white-space:nowrap">100%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9070.5px;left:6194.24px;white-space:nowrap">100%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:0px;white-space:nowrap">* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:130.34px;white-space:nowrap">Includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:770.36px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:1155.23px;letter-spacing:-0.59px;white-space:nowrap">Equivalents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:2018.5px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:2330.95px;white-space:nowrap">Other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:2793.08px;letter-spacing:-0.13px;white-space:nowrap">Assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:3291.24px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:3603.69px;text-rendering:optimizeLegibility;white-space:nowrap">Liabilities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9532.5px;left:4357px;letter-spacing:-0.22px;white-space:nowrap">Net.</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:153.57px;white-space:nowrap">5 </div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:531.95px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.576px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">










































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">addition, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:832.41px;letter-spacing:-2.09px;white-space:nowrap">Poland&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1609.39px;letter-spacing:-0.81px;white-space:nowrap">economy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2469.74px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2822.4px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3318.15px;letter-spacing:-0.6px;white-space:nowrap">boosted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4087.19px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4347.15px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4500.44px;letter-spacing:-0.81px;white-space:nowrap">surge </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5032.39px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5262.6px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:381.88px;white-space:nowrap">hiring </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:936.29px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:1215.05px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:1560.09px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:1975.81px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:2206.02px;letter-spacing:-0.81px;white-space:nowrap">large </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:2690.7px;letter-spacing:-0.86px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:3083.22px;letter-spacing:-0.2px;white-space:nowrap">technology </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:4112.11px;letter-spacing:-0.21px;white-space:nowrap">companies.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:0px;letter-spacing:-0.69px;white-space:nowrap">Polish </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:567.83px;letter-spacing:-0.36px;white-space:nowrap">banks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:1129.65px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">continued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2068.41px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2303.02px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2575.76px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2920.8px;letter-spacing:-1.13px;white-space:nowrap">strongest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:3790.7px;letter-spacing:-0.31px;white-space:nowrap">driver </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:4358.32px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:4588.53px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">positive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:5323.4px;letter-spacing:-0.54px;white-space:nowrap">returns </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:6015.2px;white-space:nowrap">within </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:345.04px;white-space:nowrap">CEE </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:727.57px;letter-spacing:-0.4px;white-space:nowrap">region. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:1393.15px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:1772.25px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:2266.06px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:2618.73px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:2772.02px;letter-spacing:-0.45px;white-space:nowrap">fundamental </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:3950.01px;white-space:nowrap">policy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:4516.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:4746.65px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:5097.71px;text-rendering:optimizeLegibility;letter-spacing:-0.77px;white-space:nowrap">concentrating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:0px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:255.66px;letter-spacing:-0.83px;white-space:nowrap">investments, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:1428.6px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:2002.77px;white-space:nowrap">means </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:2638.17px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:3048.2px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:4082.25px;letter-spacing:-0.86px;white-space:nowrap">into </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:4477.56px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:4837.85px;white-space:nowrap">single </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:5395.91px;letter-spacing:-0.18px;white-space:nowrap">industry </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:0px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:183.37px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:484.04px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:829.08px;white-space:nowrap">purposes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:1691.14px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:1921.35px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:2266.39px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:3305.59px;letter-spacing:-0.54px;white-space:nowrap">Company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4186.66px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4526.22px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4756.43px;white-space:nowrap">1940 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:5252.18px;letter-spacing:-0.27px;white-space:nowrap">limited </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:5914.76px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:6149.37px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:0px;letter-spacing:-0.27px;white-space:nowrap">maximum </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:928.13px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:1158.33px;white-space:nowrap">25% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:1586.62px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:1816.83px;letter-spacing:-0.9px;white-space:nowrap">total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:2272.62px;letter-spacing:-0.13px;white-space:nowrap">assets. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:2914.89px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:3173.67px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:3518.71px;letter-spacing:-0.12px;white-space:nowrap">sub-industry </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:4669.52px;text-rendering:optimizeLegibility;letter-spacing:-0.5px;white-space:nowrap">&#8220;Diversified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:5736.44px;letter-spacing:-0.31px;white-space:nowrap">Banks&#8221; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.58px;white-space:nowrap">constitutes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:1022.23px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:1367.27px;letter-spacing:-0.94px;white-space:nowrap">largest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:2006.64px;letter-spacing:-0.61px;white-space:nowrap">weight </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:2652.78px;white-space:nowrap">within </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:3254.24px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:3599.28px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:4218.03px;white-space:nowrap">benchmark </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:5263.35px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:5486.79px;letter-spacing:-0.43px;white-space:nowrap">well </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:5893.92px;letter-spacing:-0.64px;white-space:nowrap">over </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:0px;white-space:nowrap">25% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:428.29px;letter-spacing:-0.86px;white-space:nowrap">(approximately </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:1798.35px;white-space:nowrap">46% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:2226.64px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:2450.08px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:2911.03px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:3237.59px;white-space:nowrap">2025), </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:3852.9px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:4197.94px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:4691.76px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:4875.13px;letter-spacing:-0.27px;white-space:nowrap">underweight </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:6049.79px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:0px;letter-spacing:-1.19px;white-space:nowrap">sub-industry. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:1189.59px;white-space:nowrap">This </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:1593.6px;letter-spacing:-0.63px;white-space:nowrap">structural </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:2491.97px;letter-spacing:-0.27px;white-space:nowrap">underweight </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:3666.63px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:3901.24px;letter-spacing:-0.36px;white-space:nowrap">banks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:4463.06px;letter-spacing:-0.27px;white-space:nowrap">weighed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:5262.06px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2635.2px;left:5540.82px;text-rendering:optimizeLegibility;letter-spacing:-0.84px;white-space:nowrap">relative </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:0px;letter-spacing:-0.45px;white-space:nowrap">performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:1193.67px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:1494.35px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:1839.38px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:2114.81px;letter-spacing:-0.27px;white-space:nowrap">months, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:2890.94px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:3329.54px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:3597.13px;letter-spacing:-0.27px;white-space:nowrap">underweight </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:4771.79px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:5006.4px;white-space:nowrap">Dino </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:5467.24px;letter-spacing:-1.3px;white-space:nowrap">Polska </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2915.2px;left:6068.48px;letter-spacing:-0.36px;white-space:nowrap">SA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3195.2px;left:0px;white-space:nowrap">(2.0%) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3195.2px;left:613.59px;text-rendering:optimizeLegibility;white-space:nowrap">acting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3195.2px;left:1197px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3195.2px;left:1435.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3195.2px;left:1780.41px;letter-spacing:-0.27px;white-space:nowrap">biggest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3195.2px;left:2463.18px;letter-spacing:-1.03px;white-space:nowrap">constraint.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:0px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:217.74px;text-rendering:optimizeLegibility;white-space:nowrap">addition, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:1050.16px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:1317.74px;letter-spacing:-0.59px;white-space:nowrap">overweight </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:2357.8px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:2592.41px;letter-spacing:-1.07px;white-space:nowrap">InPost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:3186.46px;letter-spacing:-0.36px;white-space:nowrap">SA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:3458.66px;white-space:nowrap">(2.2%) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:4072.26px;letter-spacing:-0.75px;white-space:nowrap">detracted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3590.4px;left:4978.04px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:0px;letter-spacing:-0.41px;white-space:nowrap">performance. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:1247.49px;letter-spacing:-0.46px;white-space:nowrap">Shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:1881.06px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:2111.27px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:2456.31px;letter-spacing:-0.69px;white-space:nowrap">Polish </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:3024.14px;letter-spacing:-0.95px;white-space:nowrap">operator </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:3845.27px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:4075.48px;letter-spacing:-0.64px;white-space:nowrap">automated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3870.4px;left:5096.52px;letter-spacing:-2.51px;white-space:nowrap">courier, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:0px;letter-spacing:-0.74px;white-space:nowrap">package </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:767.64px;letter-spacing:-0.12px;white-space:nowrap">delivery </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:1514.76px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:1896.64px;letter-spacing:-0.81px;white-space:nowrap">express </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:2609.71px;white-space:nowrap">mail </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:3034.13px;letter-spacing:0.24px;white-space:nowrap">services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:3788.34px;letter-spacing:-1.07px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:4279.69px;letter-spacing:-0.72px;white-space:nowrap">swept </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:4859.23px;white-space:nowrap">up </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:5137.56px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:5350.15px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:5503.44px;text-rendering:optimizeLegibility;white-space:nowrap">sell-off </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4150.4px;left:6152.37px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:0px;letter-spacing:-0.79px;white-space:nowrap">technology-related </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:1715.31px;letter-spacing:-1px;white-space:nowrap">stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:2305.81px;white-space:nowrap">seen </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:2772.34px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:2984.93px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:3329.97px;letter-spacing:-0.31px;white-space:nowrap">second </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:4008.23px;white-space:nowrap">half </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:4390.12px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:4620.32px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4430.4px;left:4965.36px;white-space:nowrap">period.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4825.6px;left:0px;letter-spacing:-2.28px;white-space:nowrap">Conversely, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4825.6px;left:1043.6px;letter-spacing:-0.54px;white-space:nowrap">overweights </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4825.6px;left:2168.74px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4825.6px;left:2403.35px;letter-spacing:-0.69px;white-space:nowrap">Polish </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4825.6px;left:2971.18px;white-space:nowrap">electricity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4825.6px;left:3888.56px;text-rendering:optimizeLegibility;letter-spacing:-0.73px;white-space:nowrap">generation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4825.6px;left:4892.64px;letter-spacing:-0.81px;white-space:nowrap">company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4825.6px;left:5747.39px;letter-spacing:-3.07px;white-space:nowrap">Tauron </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5105.6px;left:0px;letter-spacing:-1.3px;white-space:nowrap">Polska </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5105.6px;left:601.24px;letter-spacing:-0.4px;white-space:nowrap">Energia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5105.6px;left:1309.37px;letter-spacing:-0.36px;white-space:nowrap">SA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5105.6px;left:1581.57px;white-space:nowrap">(1.3%) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5105.6px;left:2195.17px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5105.6px;left:2577.05px;letter-spacing:-0.43px;white-space:nowrap">Hungarian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5105.6px;left:3536.22px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">telecommunication </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5105.6px;left:5294.39px;letter-spacing:0.24px;white-space:nowrap">services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5385.6px;left:0px;letter-spacing:-0.6px;white-space:nowrap">provider </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5385.6px;left:793.42px;letter-spacing:-0.46px;white-space:nowrap">Magyar </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5385.6px;left:1508.85px;letter-spacing:-3.49px;white-space:nowrap">Telekom </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5385.6px;left:2288.73px;text-rendering:optimizeLegibility;letter-spacing:-1.39px;white-space:nowrap">Telecommunications </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5385.6px;left:4148.31px;letter-spacing:-0.54px;white-space:nowrap">PLC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5385.6px;left:4517.52px;white-space:nowrap">(2.1%) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5385.6px;left:5131.11px;letter-spacing:-1.07px;white-space:nowrap">proved </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5385.6px;left:5797.99px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">additive, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:0px;white-space:nowrap">along </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:533.99px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:972.6px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:1125.89px;white-space:nowrap">lack </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:1518.3px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:1748.51px;letter-spacing:-0.72px;white-space:nowrap">exposure </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:2605.52px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:2840.13px;letter-spacing:-0.69px;white-space:nowrap">Polish </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:3407.96px;letter-spacing:-0.31px;white-space:nowrap">copper </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:4076.98px;white-space:nowrap">mine </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:4572.3px;letter-spacing:-0.95px;white-space:nowrap">operator </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5665.6px;left:5393.44px;letter-spacing:-1.72px;white-space:nowrap">KGHM.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:6268.8px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Sector </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:6268.8px;left:598.62px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">Diversification </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6291.3px;left:1893.9px;white-space:nowrap">(As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6291.3px;left:2159.41px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6291.3px;left:2284.83px;white-space:nowrap">% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6291.3px;left:2452.79px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6291.3px;left:2641.14px;letter-spacing:-0.38px;white-space:nowrap">Equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6291.3px;left:3132.45px;text-rendering:optimizeLegibility;white-space:nowrap">Securities)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6291.3px;left:4832.36px;white-space:nowrap">4/30/25</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6291.3px;left:5893.13px;white-space:nowrap">10/31/24</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6540.3px;left:0px;white-space:nowrap">Financials</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6540.3px;left:5133.47px;white-space:nowrap">40%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6540.3px;left:6285.47px;white-space:nowrap">35%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6804.3px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Energy</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6804.3px;left:5133.47px;white-space:nowrap">12%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6804.3px;left:6285.47px;white-space:nowrap">13%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7068.3px;left:0px;letter-spacing:-0.2px;white-space:nowrap">Industrials</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7068.3px;left:5133.47px;white-space:nowrap">11%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7068.3px;left:6376.7px;white-space:nowrap">5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7332.3px;left:0px;white-space:nowrap">Consumer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7332.3px;left:780.91px;text-rendering:optimizeLegibility;letter-spacing:-0.2px;white-space:nowrap">Discretionary</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7332.3px;left:5224.7px;white-space:nowrap">9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7332.3px;left:6285.47px;white-space:nowrap">10%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7596.3px;left:0px;white-space:nowrap">Consumer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7596.3px;left:780.91px;letter-spacing:-0.38px;white-space:nowrap">Staples</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7596.3px;left:5224.7px;white-space:nowrap">7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7596.3px;left:6376.7px;white-space:nowrap">7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7860.3px;left:0px;white-space:nowrap">Health </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7860.3px;left:518.2px;letter-spacing:-0.66px;white-space:nowrap">Care</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7860.3px;left:5224.7px;white-space:nowrap">5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7860.3px;left:6376.7px;white-space:nowrap">5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8124.3px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.25px;white-space:nowrap">Communication </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8124.3px;left:1185.03px;letter-spacing:0.22px;white-space:nowrap">Services</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8124.3px;left:5224.7px;white-space:nowrap">4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8124.3px;left:6285.47px;white-space:nowrap">10%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8388.3px;left:0px;letter-spacing:-0.39px;white-space:nowrap">Materials</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8388.3px;left:5224.7px;white-space:nowrap">4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8388.3px;left:6376.7px;white-space:nowrap">6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8652.3px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Utilities</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8652.3px;left:5224.7px;white-space:nowrap">4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8652.3px;left:6376.7px;white-space:nowrap">8%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8916.3px;left:0px;letter-spacing:-0.7px;white-space:nowrap">Real </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8916.3px;left:346.38px;letter-spacing:-1.39px;white-space:nowrap">Estate</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8916.3px;left:5224.7px;white-space:nowrap">2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8916.3px;left:6376.7px;white-space:nowrap">1%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9180.3px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">Information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9180.3px;left:892.79px;letter-spacing:-1.63px;white-space:nowrap">Technology</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9180.3px;left:5224.7px;white-space:nowrap">2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9180.3px;left:6432.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9444.3px;left:5042.24px;white-space:nowrap">100%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9444.3px;left:6194.24px;white-space:nowrap">100%</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:531.75px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.778px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
		</div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">6 </div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
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		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:534.42px;left:0px;position:absolute;top:0px;transform:translate(28.800px,24.475px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.32px) rotate(0deg) scale(0.05)">


























































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-1.12px;white-space:nowrap">Market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:746.38px;white-space:nowrap">Outlook</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:0px;white-space:nowrap">While </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:563.64px;white-space:nowrap">it </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:734.23px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:917.6px;text-rendering:optimizeLegibility;white-space:nowrap">difficult </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:1632.92px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:1867.53px;letter-spacing:-0.4px;white-space:nowrap">predict </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:2541.6px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:2886.64px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">ultimate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:3672.65px;white-space:nowrap">magnitude </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:4675.54px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:5057.42px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">duration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:402.7px;left:5856.86px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:345.04px;letter-spacing:-1.66px;white-space:nowrap">U.S.-China </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:1289.38px;letter-spacing:-0.72px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:1809.52px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">conflict, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:2560.4px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:2816.06px;white-space:nowrap">impact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:3472.09px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:3750.85px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:4423.42px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">sentiment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:5365.4px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:682.7px;left:5718.07px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">significant. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:996.12px;white-space:nowrap">While </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:1559.77px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:1920.06px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:2735.61px;letter-spacing:-0.86px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:3128.13px;white-space:nowrap">dollar </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:3683.39px;letter-spacing:-0.24px;white-space:nowrap">weakness </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:4587.13px;letter-spacing:-0.36px;white-space:nowrap">could </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:5120.16px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:5392.9px;letter-spacing:-0.46px;white-space:nowrap">viewed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:962.7px;left:6070.2px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.18px;white-space:nowrap">supportive, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:1044.57px;white-space:nowrap">periods </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:1755.81px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:1986.02px;letter-spacing:-0.39px;white-space:nowrap">heightened </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:3038.75px;letter-spacing:-0.45px;white-space:nowrap">uncertainty </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:4097.82px;letter-spacing:-0.72px;white-space:nowrap">raise </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:4565px;letter-spacing:-0.36px;white-space:nowrap">risks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:5004.14px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1242.7px;left:5304.81px;letter-spacing:-0.36px;white-space:nowrap">emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1522.7px;left:0px;letter-spacing:-1.07px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1522.7px;left:757.65px;letter-spacing:-2.15px;white-space:nowrap">broadly. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:0px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:217.74px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:562.78px;white-space:nowrap">near </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:1014.92px;letter-spacing:-0.36px;white-space:nowrap">term, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:1547.2px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:1892.24px;letter-spacing:-0.49px;white-space:nowrap">trajectory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:2801.03px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:3031.23px;letter-spacing:-0.36px;white-space:nowrap">emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:3914.13px;letter-spacing:-0.48px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:4812.82px;letter-spacing:-0.21px;white-space:nowrap">economies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:5822.8px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1917.9px;left:6006.17px;letter-spacing:-1.07px;white-space:nowrap">likely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:0px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:234.61px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:507.35px;letter-spacing:-0.84px;white-space:nowrap">dictated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:1277.14px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:1537.1px;letter-spacing:-0.41px;white-space:nowrap">developments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:2841.95px;letter-spacing:-0.61px;white-space:nowrap">around </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:3524.4px;white-space:nowrap">global </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:4106.95px;letter-spacing:-0.72px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:4627.09px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:5008.97px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2197.9px;left:5544.58px;letter-spacing:-0.72px;white-space:nowrap">macro-</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:0px;letter-spacing:-0.54px;white-space:nowrap">level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:457.83px;letter-spacing:-0.29px;white-space:nowrap">variables. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:1343.1px;letter-spacing:-1.55px;white-space:nowrap">Russia&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:2071.42px;letter-spacing:-0.13px;white-space:nowrap">ongoing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:2832.93px;letter-spacing:-0.67px;white-space:nowrap">war </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:3213.1px;letter-spacing:-0.87px;white-space:nowrap">against </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:3886.31px;letter-spacing:-0.54px;white-space:nowrap">Ukraine </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:4619.57px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:4972.24px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:5323.29px;letter-spacing:-1.07px;white-space:nowrap">proven </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:5990.17px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2477.9px;left:6224.78px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:0px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:267.59px;letter-spacing:-0.17px;white-space:nowrap">overwhelming </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:1576.52px;white-space:nowrap">headwind </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:2497.99px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:2798.66px;letter-spacing:-0.36px;white-space:nowrap">regional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:3562.54px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">valuations. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:4560.7px;white-space:nowrap">Plans </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:5073.64px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2757.9px;left:5374.32px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">significantly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:0px;letter-spacing:-0.32px;white-space:nowrap">increased </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:899.12px;white-space:nowrap">spending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:1751.51px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:1964.1px;letter-spacing:-1.61px;white-space:nowrap">Western </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:2759.67px;letter-spacing:-0.61px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:3440.51px;letter-spacing:-0.27px;white-space:nowrap">triggered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:4298.06px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:4558.02px;letter-spacing:-1.18px;white-space:nowrap">Germany&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:5546.3px;text-rendering:optimizeLegibility;white-space:nowrap">shift </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:5976.95px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3037.9px;left:6211.56px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:0px;letter-spacing:-0.64px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:519.81px;letter-spacing:-0.54px;white-space:nowrap">liberal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:1113.32px;letter-spacing:-0.21px;white-space:nowrap">debt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:1571.58px;white-space:nowrap">policy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:2138.02px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:2605.2px;letter-spacing:-1.07px;white-space:nowrap">likely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:3095.79px;white-space:nowrap">helped </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:3754.39px;letter-spacing:-0.81px;white-space:nowrap">counter </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:4491.42px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:4726.03px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:4879.32px;letter-spacing:-0.46px;white-space:nowrap">degree </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:5545.22px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3317.9px;left:5905.52px;white-space:nowrap">impact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3597.9px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3597.9px;left:278.76px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">sentiment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3597.9px;left:1220.74px;letter-spacing:-0.94px;white-space:nowrap">related </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3597.9px;left:1894.92px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3597.9px;left:2129.53px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3597.9px;left:2474.57px;letter-spacing:-0.54px;white-space:nowrap">Ukraine </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3597.9px;left:3207.83px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">conflict.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Developments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:1324.08px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:1536.67px;letter-spacing:-0.54px;white-space:nowrap">Ukraine </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:2269.93px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:2651.82px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:2930.58px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:3275.62px;letter-spacing:-0.48px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:4174.31px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">fiscal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:4666.19px;letter-spacing:-1.07px;white-space:nowrap">front </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:5152.38px;white-space:nowrap">aside, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3993.1px;left:5716.13px;letter-spacing:-1.14px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:0px;letter-spacing:-0.61px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:680.84px;letter-spacing:-0.54px;white-space:nowrap">appears </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:1431.61px;letter-spacing:-0.43px;white-space:nowrap">well </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:1838.74px;white-space:nowrap">placed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:2471.46px;letter-spacing:-0.36px;white-space:nowrap">given </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:2990.52px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:3246.18px;letter-spacing:-1.5px;white-space:nowrap">favorable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:4112.65px;white-space:nowrap">labor </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:4619.36px;letter-spacing:-0.81px;white-space:nowrap">costs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:5115px;white-space:nowrap">along </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4273.1px;left:5648.99px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:0px;letter-spacing:-0.7px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:818.88px;letter-spacing:-0.35px;white-space:nowrap">manufacturing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:2161.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:2543.11px;letter-spacing:0.21px;white-space:nowrap">servicing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:3369.5px;letter-spacing:-0.95px;white-space:nowrap">centers. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:4122.96px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:4340.7px;white-space:nowrap">our </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:4695.3px;letter-spacing:-3.58px;white-space:nowrap">view, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:5185.15px;white-space:nowrap">this </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4553.1px;left:5555.11px;white-space:nowrap">bodes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:0px;letter-spacing:-0.43px;white-space:nowrap">well </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:407.13px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:707.8px;letter-spacing:-0.69px;white-space:nowrap">Polish </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:1275.63px;text-rendering:optimizeLegibility;white-space:nowrap">financials </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:2150.37px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:2724.54px;white-space:nowrap">should </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:3365.53px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">benefit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:4044.97px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:4520.74px;letter-spacing:-1px;white-space:nowrap">strong </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:5128.86px;letter-spacing:-0.64px;white-space:nowrap">real </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:5512.03px;letter-spacing:-1.46px;white-space:nowrap">estate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4833.1px;left:6102.21px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:0px;letter-spacing:-0.24px;white-space:nowrap">consumer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:928.13px;letter-spacing:-0.38px;white-space:nowrap">fundamentals. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:2245.01px;white-space:nowrap">Declining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:3107.93px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">inflation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:3882.55px;letter-spacing:-0.4px;white-space:nowrap">levels, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:4479.28px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:4691.87px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:5107.59px;white-space:nowrap">due </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:5494.63px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:5729.24px;white-space:nowrap">oil </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5113.1px;left:5990.81px;white-space:nowrap">price</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5728.3px;left:0px;letter-spacing:-4.54px;white-space:nowrap">Ten </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5728.3px;left:351.71px;letter-spacing:-0.88px;white-space:nowrap">Largest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5728.3px;left:1021.08px;letter-spacing:-0.44px;white-space:nowrap">Equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5728.3px;left:1617.14px;white-space:nowrap">Holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5728.3px;left:2421.87px;letter-spacing:-0.65px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5728.3px;left:2643.87px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5728.3px;left:3109.09px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5728.3px;left:3423.57px;white-space:nowrap">2025</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5982.8px;left:0px;white-space:nowrap">(62.2% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5982.8px;left:539.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5982.8px;left:727.82px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5982.8px;left:1030.61px;letter-spacing:-0.13px;white-space:nowrap">Assets)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5982.8px;left:4435.2px;letter-spacing:-0.13px;white-space:nowrap">Country</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5982.8px;left:6026.99px;letter-spacing:-1.02px;white-space:nowrap">Percent</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6231.8px;left:290.45px;white-space:nowrap">1</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6231.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6231.8px;left:720.2px;letter-spacing:-1.12px;white-space:nowrap">Powszechny </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6231.8px;left:1663px;letter-spacing:-0.13px;white-space:nowrap">Zaklad </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6231.8px;left:2193.77px;letter-spacing:-0.42px;white-space:nowrap">Ubezpieczen </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6231.8px;left:3171.12px;letter-spacing:-1.1px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6231.8px;left:4435.2px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6231.8px;left:6142.21px;white-space:nowrap">10.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6495.8px;left:290.45px;white-space:nowrap">2</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6495.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6495.8px;left:720.2px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6495.8px;left:1133.64px;letter-spacing:-0.73px;white-space:nowrap">Polska </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6495.8px;left:1653.07px;letter-spacing:-0.46px;white-space:nowrap">Kasa </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6495.8px;left:2039.44px;white-space:nowrap">Opieki </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6495.8px;left:2563.88px;letter-spacing:-1.1px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6495.8px;left:4435.2px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6495.8px;left:6233.44px;white-space:nowrap">8.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6759.8px;left:290.45px;white-space:nowrap">3</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6759.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6759.8px;left:720.2px;letter-spacing:-0.99px;white-space:nowrap">OTP </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6759.8px;left:1063.59px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6759.8px;left:1477.03px;white-space:nowrap">Nyrt</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6759.8px;left:4435.2px;letter-spacing:-0.38px;white-space:nowrap">Hungary</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6759.8px;left:6233.44px;white-space:nowrap">8.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7023.8px;left:290.45px;white-space:nowrap">4</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7023.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7023.8px;left:720.2px;white-space:nowrap">ORLEN </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7023.8px;left:1266.44px;letter-spacing:-1.1px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7023.8px;left:4435.2px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7023.8px;left:6233.44px;white-space:nowrap">7.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7287.8px;left:290.45px;white-space:nowrap">5</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7287.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7287.8px;left:720.2px;white-space:nowrap">LPP </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7287.8px;left:1028.61px;letter-spacing:-1.1px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7287.8px;left:4435.2px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7287.8px;left:6233.44px;white-space:nowrap">5.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:290.45px;white-space:nowrap">6</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:720.2px;letter-spacing:-0.82px;white-space:nowrap">Powszechna </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:1669.86px;letter-spacing:-0.46px;white-space:nowrap">Kasa </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:2056.23px;letter-spacing:-0.61px;white-space:nowrap">Oszczednosci </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:3072.86px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:3486.29px;letter-spacing:-0.41px;white-space:nowrap">Polski </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:3963.28px;letter-spacing:-1.1px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7551.8px;left:4435.2px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7551.8px;left:6233.44px;white-space:nowrap">5.4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7815.8px;left:290.45px;white-space:nowrap">7</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7815.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7815.8px;left:720.2px;letter-spacing:-0.48px;white-space:nowrap">Richter </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7815.8px;left:1291.49px;white-space:nowrap">Gedeon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7815.8px;left:1918.06px;white-space:nowrap">Nyrt</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7815.8px;left:4435.2px;letter-spacing:-0.38px;white-space:nowrap">Hungary</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7815.8px;left:6233.44px;white-space:nowrap">4.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8079.8px;left:290.45px;white-space:nowrap">8</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8079.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8079.8px;left:720.2px;letter-spacing:-0.35px;white-space:nowrap">Budimex </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8079.8px;left:1416.12px;letter-spacing:-1.1px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8079.8px;left:4435.2px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8079.8px;left:6233.44px;white-space:nowrap">4.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:290.45px;white-space:nowrap">9</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:381.68px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:720.2px;white-space:nowrap">MOL </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:1116.06px;letter-spacing:-0.31px;white-space:nowrap">Hungarian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:1928.26px;white-space:nowrap">Oil </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:2179.1px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:2346.62px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:2662.67px;letter-spacing:-0.73px;white-space:nowrap">PLC</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8343.8px;left:4435.2px;letter-spacing:-0.38px;white-space:nowrap">Hungary</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8343.8px;left:6233.44px;white-space:nowrap">4.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8607.8px;left:244.83px;white-space:nowrap">10</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8607.8px;left:427.29px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8607.8px;left:720.2px;letter-spacing:-0.2px;white-space:nowrap">Allegro.eu </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8607.8px;left:1528.18px;letter-spacing:-1.1px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8607.8px;left:4435.2px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8607.8px;left:6233.44px;white-space:nowrap">2.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.83px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:655.05px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:1303.59px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:1616.04px;text-rendering:optimizeLegibility;letter-spacing:-0.47px;white-space:nowrap">characteristics </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:2690.51px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:2964.29px;white-space:nowrap">subject </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:3527.67px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:3719.62px;letter-spacing:-0.19px;white-space:nowrap">change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:4280.63px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:4593.08px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:4880.3px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">indicative </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:5609.09px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9163.59px;left:5797.44px;letter-spacing:-0.38px;white-space:nowrap">future </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9379.59px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9379.59px;left:661.11px;text-rendering:optimizeLegibility;letter-spacing:-0.15px;white-space:nowrap">composition.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:0px;letter-spacing:-0.66px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:276.77px;letter-spacing:-0.53px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:702.07px;letter-spacing:-0.44px;white-space:nowrap">details </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:1214.65px;white-space:nowrap">about </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:1680.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:1962.42px;letter-spacing:-1.63px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:2468.67px;letter-spacing:-0.68px;white-space:nowrap">investments, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:3428.35px;white-space:nowrap">see </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:3716.54px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:3998.85px;white-space:nowrap">Schedule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:4695.73px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9672.59px;left:4884.08px;letter-spacing:-0.73px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:0px;letter-spacing:-0.16px;white-space:nowrap">commencing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:970.75px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:1198.83px;letter-spacing:-0.26px;white-space:nowrap">page </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:1589.77px;white-space:nowrap">10. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:1856.95px;letter-spacing:-0.66px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:2133.72px;text-rendering:optimizeLegibility;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:2895.21px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:3783.78px;white-space:nowrap">about </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:4249.25px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:4531.55px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9888.59px;left:4979.62px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:0px;letter-spacing:-0.34px;white-space:nowrap">performance, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:1020.67px;white-space:nowrap">dividends, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:1796.66px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">presentations, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:2867.52px;letter-spacing:-0.44px;white-space:nowrap">press </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:3289.31px;letter-spacing:-0.26px;white-space:nowrap">releases, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:3963.96px;letter-spacing:-1px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:4514.24px;letter-spacing:-0.39px;white-space:nowrap">updates, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:5178.43px;white-space:nowrap">daily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:5556.18px;letter-spacing:-1.76px;white-space:nowrap">NAV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10104.59px;left:5905.9px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10320.59px;left:0px;letter-spacing:-0.22px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10320.59px;left:908.53px;letter-spacing:-0.29px;white-space:nowrap">reports, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10320.59px;left:1519.8px;white-space:nowrap">please </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10320.59px;left:2025.97px;white-space:nowrap">visit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:10320.59px;left:2354.06px;letter-spacing:-0.44px;white-space:nowrap">dws.com.</div></div>
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		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

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			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">











			<div style="height:50.46px;left:0px;position:absolute;top:0px;transform:translate(0.000px,4145.799px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:104.00px">
						<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
					</div><div style="height:43.45px;left:0px;position:absolute;top:0px;transform:translate(2198.400px,4145.799px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:116.51px">
						<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
					</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-0.21px;white-space:nowrap">weakness, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:957.56px;white-space:nowrap">should </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1598.54px;letter-spacing:-0.18px;white-space:nowrap">allow </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2116.32px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2416.99px;letter-spacing:-0.81px;white-space:nowrap">central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3077.1px;letter-spacing:-0.36px;white-space:nowrap">banks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3638.92px;letter-spacing:-1.72px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4040.46px;white-space:nowrap">cuts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4455.43px;letter-spacing:-0.64px;white-space:nowrap">even </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4930.45px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5168.82px;white-space:nowrap">EU </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5465.95px;white-space:nowrap">funding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:0px;white-space:nowrap">supports </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:280px;left:825.64px;letter-spacing:-0.67px;white-space:nowrap">growth. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:0px;letter-spacing:-2.69px;white-space:nowrap">We </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:344.18px;letter-spacing:-0.6px;white-space:nowrap">maintain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:1167.68px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:1320.97px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">positive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2055.84px;letter-spacing:-0.21px;white-space:nowrap">view </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2512.28px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:2791.04px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:3041.44px;letter-spacing:-0.54px;white-space:nowrap">three </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:3567.8px;letter-spacing:-1.07px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:4325.45px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:4538.04px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:4883.08px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:675.2px;left:5501.83px;white-space:nowrap">benchmark, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:0px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:350.63px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:789.23px;letter-spacing:-1.28px;white-space:nowrap">caveats </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:1492.3px;letter-spacing:-1.07px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:2378.64px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:2723.68px;letter-spacing:-0.24px;white-space:nowrap">outlooks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:3532.68px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:3833.35px;letter-spacing:-0.4px;white-space:nowrap">Hungary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:4624.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:5006.07px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:5351.11px;letter-spacing:-0.9px;white-space:nowrap">Czech </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:0px;letter-spacing:-0.43px;white-space:nowrap">Republic. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:858.62px;white-space:nowrap">Both </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:1327.41px;letter-spacing:-0.21px;white-space:nowrap">economies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:2337.39px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:2672.01px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">significantly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:3759.87px;letter-spacing:-0.31px;white-space:nowrap">driven </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:4365.95px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:4625.91px;letter-spacing:-0.2px;white-space:nowrap">automobile </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:5687.24px;letter-spacing:-0.4px;white-space:nowrap">exports </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:0px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:574.17px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:908.79px;white-space:nowrap">being </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:1447.51px;letter-spacing:-1.07px;white-space:nowrap">confronted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:2473.93px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:2912.53px;white-space:nowrap">highly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:3488.1px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">competitive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4581.54px;white-space:nowrap">Chinese </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:5328.66px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">offerings. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:6202.32px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">addition, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:832.41px;letter-spacing:-0.24px;white-space:nowrap">upcoming </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:1756.88px;text-rendering:optimizeLegibility;white-space:nowrap">elections </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:2599.39px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:2811.98px;letter-spacing:-0.4px;white-space:nowrap">Hungary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:3602.82px;letter-spacing:-0.36px;white-space:nowrap">could </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:4135.85px;letter-spacing:-0.46px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:4687.14px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:4899.73px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:5053.02px;letter-spacing:-0.64px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:5572.83px;letter-spacing:-0.3px;white-space:nowrap">populist </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:0px;letter-spacing:-0.54px;white-space:nowrap">government, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:1179.92px;white-space:nowrap">leading </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:1870.75px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:2105.36px;letter-spacing:-0.32px;white-space:nowrap">increased </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:3004.48px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">regulation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:3951.08px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:4332.97px;white-space:nowrap">pricing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:4980.94px;white-space:nowrap">headwinds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2075.2px;left:5987.48px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:0px;letter-spacing:-0.81px;white-space:nowrap">sectors </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:678.58px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:1135.56px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2355.2px;left:1373.93px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">telecommunications.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:0px;letter-spacing:-2.48px;white-space:nowrap">Lastly, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:582.33px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:861.09px;letter-spacing:-1.07px;white-space:nowrap">May </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:1292.93px;white-space:nowrap">9, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:1507.99px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:2057.56px;letter-spacing:-5.91px;white-space:nowrap">Mr. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:2399.16px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">Christian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:3224.7px;white-space:nowrap">M. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:3514.09px;letter-spacing:-0.27px;white-space:nowrap">Z&#252;gel </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:4038.85px;text-rendering:optimizeLegibility;letter-spacing:-0.94px;white-space:nowrap">retired </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:4683.59px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:5159.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:5504.4px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:0px;letter-spacing:-0.46px;white-space:nowrap">Board. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:626.48px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:1005.58px;letter-spacing:-0.54px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:1578.24px;letter-spacing:-0.31px;white-space:nowrap">thanks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:2212.35px;letter-spacing:-5.91px;white-space:nowrap">Mr. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:2553.96px;letter-spacing:-0.27px;white-space:nowrap">Z&#252;gel </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:3078.71px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:3379.38px;white-space:nowrap">his </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:3677.05px;letter-spacing:-1.02px;white-space:nowrap">excellent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:4512.04px;letter-spacing:0.27px;white-space:nowrap">service </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:5181.17px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:5481.85px;letter-spacing:-0.86px;white-space:nowrap">many </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3030.4px;left:6016.16px;letter-spacing:-1.16px;white-space:nowrap">years </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3310.4px;left:0px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3310.4px;left:234.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3310.4px;left:579.65px;white-space:nowrap">Fund.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:0px;letter-spacing:-2.04px;white-space:nowrap">Sincerely,</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:334.63px;letter-spacing:-0.36px;white-space:nowrap">views </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:825.03px;letter-spacing:-0.51px;white-space:nowrap">expressed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:1660.18px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:1851.76px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:2158.19px;letter-spacing:-0.21px;white-space:nowrap">preceding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:2979.98px;white-space:nowrap">discussion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:3831.17px;letter-spacing:-0.77px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:4621.69px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6341.76px;left:5351.26px;letter-spacing:-0.35px;white-space:nowrap">management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.8px;white-space:nowrap">matters </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:648.58px;letter-spacing:-0.53px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:946.38px;white-space:nowrap">only </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:1330.09px;letter-spacing:-0.29px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:2002.24px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:2308.67px;white-space:nowrap">end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:2651.19px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:2856.4px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:3162.83px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:3721.7px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:3926.91px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:4233.34px;letter-spacing:-0.3px;white-space:nowrap">report </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:4774.86px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:4987.41px;letter-spacing:-1.15px;white-space:nowrap">stated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:5521.23px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:5768.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:6569.76px;left:6074.71px;letter-spacing:-3.32px;white-space:nowrap">cover.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.88px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:691.44px;letter-spacing:-0.61px;white-space:nowrap">management&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:1862.61px;letter-spacing:-0.46px;white-space:nowrap">views </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:2328.43px;letter-spacing:-0.7px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:2617.42px;white-space:nowrap">subject </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:3212.09px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:3414.71px;letter-spacing:-0.2px;white-space:nowrap">change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:4006.88px;letter-spacing:-0.62px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:4199.85px;letter-spacing:-0.93px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:4511.02px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:4901.04px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:5398.21px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:5638.96px;letter-spacing:-1.06px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:6797.76px;left:6219.81px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:0px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:462.57px;text-rendering:optimizeLegibility;letter-spacing:-0.17px;white-space:nowrap">conditions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:1297.07px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:1626.88px;white-space:nowrap">should </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:2180.45px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:2483.64px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:2719.19px;letter-spacing:-0.42px;white-space:nowrap">construed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:3529.29px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:3735.15px;text-rendering:optimizeLegibility;letter-spacing:-0.38px;white-space:nowrap">recommendations. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:5212.85px;letter-spacing:-1.3px;white-space:nowrap">Past </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7025.76px;left:5571.14px;letter-spacing:-0.39px;white-space:nowrap">performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:0px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:158.36px;white-space:nowrap">no </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:399.11px;letter-spacing:-0.74px;white-space:nowrap">guarantee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:1215.7px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:1414.52px;letter-spacing:-0.4px;white-space:nowrap">future </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:1930.71px;letter-spacing:-0.31px;white-space:nowrap">results. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:2526.78px;letter-spacing:-0.58px;white-space:nowrap">Current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:3151.51px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:3481.32px;letter-spacing:-0.4px;white-space:nowrap">future </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:3997.51px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:4695.36px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:5379.93px;letter-spacing:-0.7px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:5668.92px;white-space:nowrap">subject </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7253.76px;left:6263.6px;letter-spacing:-0.62px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7481.76px;left:0px;white-space:nowrap">risk, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7481.76px;left:354.12px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7481.76px;left:1087.58px;text-rendering:optimizeLegibility;letter-spacing:-0.25px;white-space:nowrap">geopolitical </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7481.76px;left:2006.04px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7481.76px;left:2335.85px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7481.76px;left:2798.42px;letter-spacing:-0.31px;white-space:nowrap">risks.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:0px;letter-spacing:-1.08px;white-space:nowrap">Percentages </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:967.53px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:1151.13px;letter-spacing:-0.39px;white-space:nowrap">parentheses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:2131.56px;letter-spacing:-0.7px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:2420.55px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:2917.72px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:3158.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:3456.46px;letter-spacing:-1.72px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:3990.83px;letter-spacing:-0.23px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:4287.9px;letter-spacing:-0.13px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:4796.11px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:5001.97px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:5200.79px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:5598.88px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:300;position:absolute;top:7799.76px;left:5880.91px;white-space:nowrap">2025.</div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:128.3px;font-weight:300;position:absolute;top:8236.8px;left:110px;letter-spacing:-5.77px;white-space:nowrap">1</div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:410px;white-space:nowrap">The </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:685.7px;white-space:nowrap">MSCI </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:1054.14px;letter-spacing:-0.26px;white-space:nowrap">Emerging </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:1695.39px;letter-spacing:-0.78px;white-space:nowrap">Markets </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:2255px;letter-spacing:-0.83px;white-space:nowrap">Eastern </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:2769.84px;letter-spacing:-0.45px;white-space:nowrap">Europe </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:3265px;letter-spacing:-0.39px;white-space:nowrap">Index </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:3650.16px;white-space:nowrap">is </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:3783.52px;white-space:nowrap">a </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:3895px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">free-float </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:4529.69px;letter-spacing:-0.52px;white-space:nowrap">weighted </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:5160.23px;white-space:nowrap">equity </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:5600.16px;letter-spacing:-0.39px;white-space:nowrap">Index </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:5985.31px;letter-spacing:-0.31px;white-space:nowrap">that </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8286.26px;left:6283.52px;white-space:nowrap">is </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:410px;white-space:nowrap">designed </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:1025.86px;letter-spacing:-0.52px;white-space:nowrap">to </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:1196.48px;letter-spacing:-0.59px;white-space:nowrap">capture </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:1724.38px;letter-spacing:-0.5px;white-space:nowrap">large- </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:2125.86px;white-space:nowrap">and </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:2403.59px;letter-spacing:-0.2px;white-space:nowrap">mid-cap </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:2958.67px;text-rendering:optimizeLegibility;letter-spacing:-0.68px;white-space:nowrap">representation </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:3941.41px;letter-spacing:-0.45px;white-space:nowrap">across </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:4380.16px;letter-spacing:-0.39px;white-space:nowrap">three </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:4762.97px;letter-spacing:-0.26px;white-space:nowrap">emerging </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:5405.08px;letter-spacing:-0.89px;white-space:nowrap">market </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8478.26px;left:5894.22px;letter-spacing:-0.31px;white-space:nowrap">countries </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:410px;white-space:nowrap">in </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:564.61px;letter-spacing:-0.83px;white-space:nowrap">Eastern </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:1079.45px;letter-spacing:-0.45px;white-space:nowrap">Europe </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:1574.61px;letter-spacing:-0.56px;white-space:nowrap">(Czech </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:2033.52px;letter-spacing:-0.31px;white-space:nowrap">Republic, </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:2657.97px;letter-spacing:-1.65px;white-space:nowrap">Hungary, </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:3259.77px;white-space:nowrap">and </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:3537.5px;letter-spacing:-0.39px;white-space:nowrap">Poland). </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:4098.67px;white-space:nowrap">MSCI </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:4467.11px;white-space:nowrap">Inc. </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:4732.66px;white-space:nowrap">is </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:4866.02px;white-space:nowrap">a </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:4977.5px;letter-spacing:-0.43px;white-space:nowrap">provider </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:5554.53px;white-space:nowrap">of </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:5721.95px;white-space:nowrap">equity </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8670.26px;left:6161.88px;white-space:nowrap">and </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:410px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">fixed </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:753.59px;letter-spacing:-0.22px;white-space:nowrap">income </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:1263.75px;letter-spacing:-0.89px;white-space:nowrap">market </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:1752.89px;white-space:nowrap">indices. </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:2274.06px;text-rendering:optimizeLegibility;letter-spacing:-1.17px;white-space:nowrap">Effective </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:2851.72px;letter-spacing:-0.39px;white-space:nowrap">March </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:3302.34px;white-space:nowrap">9, </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:3458.75px;white-space:nowrap">2022, </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:3858.44px;white-space:nowrap">MSCI </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:4226.88px;white-space:nowrap">Inc. </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:4492.42px;letter-spacing:-0.59px;white-space:nowrap">removed </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:5100.7px;white-space:nowrap">Russian </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:8862.26px;left:5622.66px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:410px;letter-spacing:-0.62px;white-space:nowrap">from </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:756.02px;white-space:nowrap">the </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:1006.95px;white-space:nowrap">MSCI </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:1375.39px;letter-spacing:-0.26px;white-space:nowrap">Emerging </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:2016.64px;letter-spacing:-0.78px;white-space:nowrap">Markets </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:2576.25px;letter-spacing:-0.83px;white-space:nowrap">Eastern </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:3091.09px;letter-spacing:-0.45px;white-space:nowrap">Europe </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:3586.25px;letter-spacing:-0.39px;white-space:nowrap">Index.</div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:4010.55px;letter-spacing:-0.39px;white-space:nowrap">Index </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:4395.7px;letter-spacing:-0.39px;white-space:nowrap">returns </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:4898.83px;white-space:nowrap">assume </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9054.26px;left:5422.81px;letter-spacing:-0.78px;white-space:nowrap">reinvestment </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:410px;white-space:nowrap">of </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:577.42px;white-space:nowrap">dividends </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:1228.05px;white-space:nowrap">and, </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:1544.92px;letter-spacing:-0.78px;white-space:nowrap">unlike </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:1962.11px;white-space:nowrap">Fund </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:2321.25px;letter-spacing:-0.35px;white-space:nowrap">returns, </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:2863.52px;white-space:nowrap">do </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:3066.25px;white-space:nowrap">not </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:3321.56px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">reflect </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:3770.31px;letter-spacing:-0.78px;white-space:nowrap">any </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:4032.34px;letter-spacing:-0.94px;white-space:nowrap">fees </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:4331.64px;white-space:nowrap">or </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:4506.41px;letter-spacing:-0.23px;white-space:nowrap">expenses. </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:5173.52px;white-space:nowrap">It </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:5301.33px;white-space:nowrap">is </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:5434.69px;white-space:nowrap">not </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:5690px;white-space:nowrap">possible </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9246.26px;left:6249.3px;letter-spacing:-0.52px;white-space:nowrap">to </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:410px;letter-spacing:-0.89px;white-space:nowrap">invest </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:822.27px;letter-spacing:-0.26px;white-space:nowrap">directly </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:1335.23px;white-space:nowrap">in </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:1489.84px;white-space:nowrap">the </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:1740.78px;white-space:nowrap">MSCI </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:2109.22px;letter-spacing:-0.26px;white-space:nowrap">Emerging </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:2750.47px;letter-spacing:-0.78px;white-space:nowrap">Markets </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:3310.08px;letter-spacing:-0.83px;white-space:nowrap">Eastern </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:3824.92px;letter-spacing:-0.45px;white-space:nowrap">Europe </div><div style="color:#231f20;font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:9438.26px;left:4320.08px;letter-spacing:-0.39px;white-space:nowrap">Index.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5426.06px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">Sebastian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5426.06px;left:732.48px;letter-spacing:-1.1px;white-space:nowrap">Kahlfeld</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5642.06px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.83px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5642.06px;left:655.05px;letter-spacing:-0.19px;white-space:nowrap">Manager</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5426.06px;left:2198.4px;letter-spacing:-0.13px;white-space:nowrap">Hepsen </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5426.06px;left:2784.19px;letter-spacing:-1.23px;white-space:nowrap">Uzcan</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5642.06px;left:2198.4px;letter-spacing:-0.92px;white-space:nowrap">Interested </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5642.06px;left:2976.76px;letter-spacing:-2.11px;white-space:nowrap">Director, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5642.06px;left:3631.98px;letter-spacing:-0.62px;white-space:nowrap">President </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5858.06px;left:2198.4px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5858.06px;left:2510.85px;letter-spacing:-0.29px;white-space:nowrap">Chief </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5858.06px;left:2922.09px;text-rendering:optimizeLegibility;letter-spacing:-0.66px;white-space:nowrap">Executive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5858.06px;left:3644.11px;text-rendering:optimizeLegibility;white-space:nowrap">Officer</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:183.96px">
			<div style="width:3679.2px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-0.89px;white-space:nowrap">Performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1890.75px;letter-spacing:0.21px;white-space:nowrap">Summary</div></div>
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		<div style="height:18.33px;left:0px;position:absolute;top:0px;transform:translate(212.760px,29.470px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:145.80px">
			<div style="width:2916px;height:265.88px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:613.18px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:1078.4px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:1392.88px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:1866.1px;letter-spacing:-0.21px;white-space:nowrap">(Unaudited) </div></div>
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		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">8 </div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
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		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:504.58px;left:0px;position:absolute;top:0px;transform:translate(28.800px,53.853px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:330.00px">
			<div style="width:6595.2px;height:9978.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.75px) rotate(0deg) scale(0.05)">































				<div style="height:227.79px;left:0px;position:absolute;top:0px;transform:translate(0.000px,4835.200px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:330.00px">
					<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
				</div>
			<div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">All </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:251.42px;letter-spacing:-0.24px;white-space:nowrap">performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:1311.91px;letter-spacing:-0.06px;white-space:nowrap">shown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:1877.92px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:2043.33px;letter-spacing:-0.43px;white-space:nowrap">historical, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:2856.77px;white-space:nowrap">assumes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:3573.08px;letter-spacing:-0.81px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:4662.61px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:4867.82px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:5097.9px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:0px;left:5827.56px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:0px;letter-spacing:-0.37px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:568.24px;letter-spacing:-0.65px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:940.44px;text-rendering:optimizeLegibility;letter-spacing:-0.14px;white-space:nowrap">distributions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:2029.79px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:2370.45px;white-space:nowrap">does </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:2788.96px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:3101.88px;letter-spacing:-0.83px;white-space:nowrap">guarantee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:3942.87px;letter-spacing:-0.3px;white-space:nowrap">future </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:4476.78px;letter-spacing:-0.24px;white-space:nowrap">results. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:5097.62px;letter-spacing:-0.76px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:228px;left:6030.09px;letter-spacing:-0.49px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:340.66px;letter-spacing:-0.32px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:645.8px;letter-spacing:-0.22px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:1094.36px;letter-spacing:-0.46px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:1562.49px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">fluctuate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:2311.26px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:2710.28px;white-space:nowrap">changing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:3459.24px;letter-spacing:-0.93px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:4064.31px;text-rendering:optimizeLegibility;letter-spacing:-0.08px;white-space:nowrap">conditions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:4929.7px;white-space:nowrap">so </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:5150.6px;letter-spacing:-0.29px;white-space:nowrap">that, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:5568.26px;white-space:nowrap">when </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:456px;left:6052.35px;white-space:nowrap">sold, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:0px;letter-spacing:-0.3px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:551.35px;letter-spacing:-0.86px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:929.22px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:1169.78px;letter-spacing:-0.26px;white-space:nowrap">worth </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:1690.24px;letter-spacing:-0.43px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:2150.95px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:2363.59px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:2700.45px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:3106.98px;white-space:nowrap">their </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:3527.62px;white-space:nowrap">original </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:4166.08px;letter-spacing:-0.51px;white-space:nowrap">cost. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:4580.04px;letter-spacing:-0.49px;white-space:nowrap">Current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:684px;left:5220.18px;letter-spacing:-0.24px;white-space:nowrap">performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:0px;letter-spacing:-0.86px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:377.87px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:618.43px;letter-spacing:-0.31px;white-space:nowrap">lower </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:1113.1px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:1325.73px;white-space:nowrap">higher </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:1872.54px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:2279.07px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:2585.5px;letter-spacing:-0.24px;white-space:nowrap">performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:3646px;letter-spacing:-0.72px;white-space:nowrap">data </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:4040.75px;letter-spacing:-0.29px;white-space:nowrap">quoted. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:4701.67px;white-space:nowrap">Please </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:5253.3px;white-space:nowrap">visit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:5621.14px;letter-spacing:-0.27px;white-space:nowrap">dws.com </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:912px;left:6368.25px;letter-spacing:-0.72px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1140px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1140px;left:306.43px;letter-spacing:-0.43px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1140px;left:745.62px;letter-spacing:-0.56px;white-space:nowrap">recent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1140px;left:1290.85px;letter-spacing:-0.24px;white-space:nowrap">performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1140px;left:2351.34px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1140px;left:2556.56px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1140px;left:2862.99px;white-space:nowrap">Fund.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:0px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:436.04px;text-rendering:optimizeLegibility;white-space:nowrap">specific </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:1063.37px;letter-spacing:-0.72px;white-space:nowrap">data </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:1458.12px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:1798.78px;letter-spacing:-0.24px;white-space:nowrap">performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:2859.28px;letter-spacing:-0.53px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:3157.08px;letter-spacing:-0.32px;white-space:nowrap">provided </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:3904.93px;letter-spacing:-0.72px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:4174.8px;text-rendering:optimizeLegibility;letter-spacing:-0.4px;white-space:nowrap">informational </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:5294.67px;white-space:nowrap">purposes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1458px;left:6060.42px;white-space:nowrap">only </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1686px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1686px;left:340.66px;letter-spacing:-0.53px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1686px;left:638.47px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1686px;left:951.39px;letter-spacing:-0.45px;white-space:nowrap">intended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1686px;left:1701.93px;letter-spacing:-0.72px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1686px;left:1971.81px;letter-spacing:-0.52px;white-space:nowrap">trading </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:167px;font-weight:bold;position:absolute;top:1686px;left:2578.45px;white-space:nowrap">purposes.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4511.5px;left:0px;letter-spacing:-0.37px;white-space:nowrap">Growth </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4511.5px;left:775.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4511.5px;left:1024.33px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4511.5px;left:1313.29px;white-space:nowrap">Assumed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4511.5px;left:2237.9px;white-space:nowrap">$10,000 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4511.5px;left:3048.62px;letter-spacing:-0.92px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9471.9px;left:2243.22px;letter-spacing:-1.7px;white-space:nowrap">Yearly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9471.9px;left:2711.33px;white-space:nowrap">periods </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9471.9px;left:3293.25px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9471.9px;left:3792.38px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9471.9px;left:4169.52px;white-space:nowrap">30 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:187px;font-weight:300;position:absolute;top:9792.9px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:187px;font-weight:300;position:absolute;top:9792.9px;left:344.63px;letter-spacing:-0.7px;white-space:nowrap">growth </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:187px;font-weight:300;position:absolute;top:9792.9px;left:961.33px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:187px;font-weight:300;position:absolute;top:9792.9px;left:1170.61px;white-space:nowrap">$10,000 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:187px;font-weight:300;position:absolute;top:9792.9px;left:1872.95px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:187px;font-weight:300;position:absolute;top:9792.9px;left:2039.65px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">cumulative.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2038.5px;left:0px;letter-spacing:-1.74px;white-space:nowrap">Average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2038.5px;left:749.46px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2038.5px;left:1417.5px;letter-spacing:-3.37px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2038.5px;left:1889.69px;letter-spacing:-0.56px;white-space:nowrap">Returns </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2061px;left:2613.21px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2061px;left:2808.24px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2061px;left:2996.59px;white-space:nowrap">4/30/25</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2437px;left:3217.89px;letter-spacing:-0.24px;white-space:nowrap">6-Month</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:bold;position:absolute;top:2433.36px;left:3872.24px;white-space:nowrap">&#8225;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2437px;left:4204.49px;letter-spacing:-2.4px;white-space:nowrap">1-Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2437px;left:4981.99px;letter-spacing:-2.4px;white-space:nowrap">5-Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2437px;left:5868.54px;letter-spacing:-2.06px;white-space:nowrap">10-Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2701px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2701px;left:311.04px;letter-spacing:-0.21px;white-space:nowrap">Asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2701px;left:756.21px;letter-spacing:-1.99px;white-space:nowrap">Value</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:bold;position:absolute;top:2697.36px;left:1172.99px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2701px;left:3299.09px;white-space:nowrap">28.92%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2701px;left:4163.09px;white-space:nowrap">45.04%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2701px;left:4993.06px;white-space:nowrap">(6.56)%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2701px;left:5856.06px;white-space:nowrap">(2.83)%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2965px;left:0px;letter-spacing:-0.88px;white-space:nowrap">Market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2965px;left:584.12px;white-space:nowrap">Price</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:bold;position:absolute;top:2961.35px;left:954.05px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2965px;left:3299.09px;white-space:nowrap">40.50%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2965px;left:4163.09px;white-space:nowrap">58.47%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2965px;left:4993.06px;white-space:nowrap">(1.98)%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2965px;left:5856.06px;white-space:nowrap">(1.32)%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3229px;left:0px;white-space:nowrap">MSCI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3229px;left:414.49px;letter-spacing:-0.29px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3229px;left:1135.9px;letter-spacing:-0.88px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3229px;left:1765.46px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3229px;left:2344.66px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3445px;left:0px;letter-spacing:-0.53px;white-space:nowrap">Index</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:300;position:absolute;top:3441.35px;left:392.61px;white-space:nowrap">(b)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3445px;left:3301.68px;white-space:nowrap">33.93%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3445px;left:4167.09px;white-space:nowrap">28.36%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3445px;left:4914.4px;white-space:nowrap">(12.48)%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3445px;left:5868.63px;white-space:nowrap">(5.65)%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3709px;left:0px;white-space:nowrap">Blended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3709px;left:635.19px;letter-spacing:-0.53px;white-space:nowrap">Index</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:300;position:absolute;top:3705.35px;left:1027.79px;white-space:nowrap">(c)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3709px;left:3301.68px;white-space:nowrap">33.93%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3709px;left:4167.09px;white-space:nowrap">28.36%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3709px;left:4890.8px;white-space:nowrap">(12.48)%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3709px;left:5868.63px;white-space:nowrap">(6.18)%</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:153.57px;white-space:nowrap">9 </div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:529.73px;left:0px;position:absolute;top:0px;transform:translate(28.800px,27.799px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:128.3px;font-weight:300;position:absolute;top:35.55px;left:0px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:360.2px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:746.48px;letter-spacing:-0.5px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1242.89px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1713.89px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1941.97px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:2223.39px;letter-spacing:-0.15px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:2635.25px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:3059.41px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">reflects </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:3633.86px;letter-spacing:-0.16px;white-space:nowrap">changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:4264.48px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:4438.41px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:4720.72px;letter-spacing:-1.63px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:5226.97px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:5508.39px;letter-spacing:-0.15px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:5920.25px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:360.2px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:867.59px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:1252.03px;white-space:nowrap">period. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:1808.37px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:2194.65px;letter-spacing:-0.5px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:2691.06px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:3162.07px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:3390.14px;letter-spacing:-1px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:3940.42px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:4364.58px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">reflects </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:4939.04px;letter-spacing:-0.16px;white-space:nowrap">changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:5569.65px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:5743.59px;letter-spacing:-1px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:360.2px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:784.36px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:1291.75px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:1676.19px;white-space:nowrap">period. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:2232.53px;letter-spacing:-0.7px;white-space:nowrap">Each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:2612.49px;text-rendering:optimizeLegibility;letter-spacing:-0.38px;white-space:nowrap">figure </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:3072.33px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:3708.13px;letter-spacing:-0.82px;white-space:nowrap">reinvestments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:4772.13px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:4960.48px;letter-spacing:-0.25px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:5534.41px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:472px;left:5846.86px;letter-spacing:-0.55px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:360.2px;letter-spacing:-0.7px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:699.72px;text-rendering:optimizeLegibility;letter-spacing:-0.15px;white-space:nowrap">distributions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:1687.52px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:1821.73px;letter-spacing:-3.16px;white-space:nowrap">any. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:2148.25px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:2534.53px;letter-spacing:-0.44px;white-space:nowrap">returns </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:3100.54px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:3571.55px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:3799.62px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:4081.05px;letter-spacing:-0.15px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:4492.91px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:4917.07px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:5229.52px;letter-spacing:-1px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:5779.8px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:688px;left:6181.28px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:360.2px;text-rendering:optimizeLegibility;letter-spacing:-0.75px;white-space:nowrap">differ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:783.13px;white-space:nowrap">depending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:1593.39px;white-space:nowrap">upon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:2008.5px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:2290.81px;letter-spacing:-0.44px;white-space:nowrap">level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:2665.4px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:2853.74px;letter-spacing:-0.88px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:3148.53px;letter-spacing:-0.39px;white-space:nowrap">discount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:3805.16px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:4194.43px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:4391.04px;letter-spacing:-0.33px;white-space:nowrap">premium </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:5091.62px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:5283.57px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:5564.99px;letter-spacing:-0.15px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:904px;left:5976.85px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:360.2px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:543.01px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:1012.79px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:1295.09px;letter-spacing:-1.63px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:1801.34px;letter-spacing:-0.38px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:2307.86px;letter-spacing:-0.59px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:2733.42px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:3240.82px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:3523.12px;white-space:nowrap">period. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:4079.47px;white-space:nowrap">Expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:4787.6px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:4975.95px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:5258.26px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1120px;left:5662.29px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:360.2px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:1206.24px;letter-spacing:0.1px;white-space:nowrap">advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:1849.86px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:2162.31px;text-rendering:optimizeLegibility;letter-spacing:-0.5px;white-space:nowrap">administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:3249.52px;letter-spacing:-1.05px;white-space:nowrap">fees </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:3586.23px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:3898.68px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:4336.9px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:4711.93px;letter-spacing:-0.26px;white-space:nowrap">expenses. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:5462.43px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1336px;left:5848.71px;letter-spacing:-0.44px;white-space:nowrap">returns </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:360.2px;letter-spacing:-0.15px;white-space:nowrap">shown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:876.29px;letter-spacing:-1.76px;white-space:nowrap">take </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:1220.39px;letter-spacing:-0.7px;white-space:nowrap">into </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:1543.82px;letter-spacing:-0.44px;white-space:nowrap">account </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:2158.88px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:2599.74px;letter-spacing:-1.05px;white-space:nowrap">fees </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:2936.45px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:3248.9px;letter-spacing:-0.26px;white-space:nowrap">expenses. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:3999.4px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:4309.57px;letter-spacing:-0.4px;white-space:nowrap">annualized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:5128.62px;letter-spacing:-0.33px;white-space:nowrap">expense </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:5765.47px;text-rendering:optimizeLegibility;letter-spacing:-0.88px;white-space:nowrap">ratio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:6139.01px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1552px;left:6327.36px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:360.2px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:764.23px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:1010.24px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:1292.54px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:1517.9px;letter-spacing:-0.25px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:2108.87px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:2608px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:2985.14px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:3252.33px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:3657.94px;letter-spacing:-0.55px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1768px;left:3976.55px;white-space:nowrap">1.27%.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:128.3px;font-weight:300;position:absolute;top:2010.54px;left:0px;white-space:nowrap">b</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:360.2px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:670.37px;white-space:nowrap">MSCI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:1084.86px;letter-spacing:-0.29px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:1806.26px;letter-spacing:-0.88px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:2435.83px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:3015.02px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:3572.08px;letter-spacing:-0.44px;white-space:nowrap">Index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:4005.38px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:4155.41px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:4280.83px;text-rendering:optimizeLegibility;letter-spacing:-0.4px;white-space:nowrap">free-float </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:4994.85px;letter-spacing:-0.59px;white-space:nowrap">weighted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:5704.21px;white-space:nowrap">equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2015px;left:6199.13px;letter-spacing:-0.44px;white-space:nowrap">index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:360.2px;letter-spacing:-0.35px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:695.68px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:845.71px;white-space:nowrap">designed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:1538.55px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:1730.5px;letter-spacing:-0.66px;white-space:nowrap">capture </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:2324.38px;letter-spacing:-0.66px;white-space:nowrap">large </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:2720.94px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:3033.39px;white-space:nowrap">mid </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:3349.71px;letter-spacing:-0.44px;white-space:nowrap">cap </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:3643.44px;text-rendering:optimizeLegibility;letter-spacing:-0.76px;white-space:nowrap">representation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:4749.02px;letter-spacing:-0.5px;white-space:nowrap">across </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:5242.61px;letter-spacing:-0.44px;white-space:nowrap">three </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2231px;left:5673.28px;letter-spacing:-0.29px;white-space:nowrap">emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:360.2px;letter-spacing:-0.88px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:980.09px;letter-spacing:-0.35px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:1694.2px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:1868.14px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:2447.34px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:3004.39px;letter-spacing:-0.63px;white-space:nowrap">(Czech </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:3520.66px;letter-spacing:-0.35px;white-space:nowrap">Republic, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:4223.17px;letter-spacing:-1.86px;white-space:nowrap">Hungary, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:4900.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2447px;left:5212.64px;letter-spacing:-0.44px;white-space:nowrap">Poland). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:360.2px;text-rendering:optimizeLegibility;letter-spacing:-1.32px;white-space:nowrap">Effective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:1010.06px;letter-spacing:-0.44px;white-space:nowrap">March </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:1517.02px;white-space:nowrap">9, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:1692.97px;white-space:nowrap">2022, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:2142.62px;white-space:nowrap">MSCI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:2557.11px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:2855.85px;letter-spacing:-0.66px;white-space:nowrap">removed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:3540.17px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:4127.37px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:4854.49px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:5243.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2663px;left:5526.06px;white-space:nowrap">MSCI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2879px;left:360.2px;letter-spacing:-0.29px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2879px;left:1081.61px;letter-spacing:-0.88px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2879px;left:1711.17px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2879px;left:2290.37px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2879px;left:2847.42px;letter-spacing:-0.44px;white-space:nowrap">Index.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:128.3px;font-weight:300;position:absolute;top:3121.54px;left:0px;white-space:nowrap">c</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:360.2px;white-space:nowrap">Blended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:995.39px;letter-spacing:-0.44px;white-space:nowrap">Index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:1428.69px;letter-spacing:-0.59px;white-space:nowrap">represents: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:2285.97px;white-space:nowrap">MSCI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:2700.46px;letter-spacing:-0.29px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:3421.87px;letter-spacing:-0.88px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:4051.43px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:4608.48px;letter-spacing:-0.44px;white-space:nowrap">Index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:5041.78px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:5431.05px;letter-spacing:-0.88px;white-space:nowrap">May </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:5784.37px;white-space:nowrap">1, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3126px;left:5960.33px;white-space:nowrap">2015 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:360.2px;letter-spacing:-0.44px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:977.37px;letter-spacing:-0.2px;white-space:nowrap">February </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:1663.27px;white-space:nowrap">29, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:1930.45px;white-space:nowrap">2016; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:2383.35px;white-space:nowrap">MSCI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:2797.85px;letter-spacing:-0.29px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:3519.25px;letter-spacing:-0.88px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:4148.81px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:4705.86px;letter-spacing:-0.88px;white-space:nowrap">ex </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:4908.19px;letter-spacing:-0.38px;white-space:nowrap">Greece </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:5464.62px;letter-spacing:-0.44px;white-space:nowrap">Index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3342px;left:5897.92px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:360.2px;letter-spacing:-0.44px;white-space:nowrap">March </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:867.15px;white-space:nowrap">1, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:1043.11px;white-space:nowrap">2016 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:1448.73px;letter-spacing:-0.44px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:2065.89px;white-space:nowrap">July </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:2375.44px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:2642.63px;white-space:nowrap">2017; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:3095.53px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:3407.98px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:3690.29px;letter-spacing:-0.55px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:4262.37px;letter-spacing:-0.38px;white-space:nowrap">index, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:4735.48px;white-space:nowrap">MSCI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:5149.98px;letter-spacing:-0.29px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3558px;left:5871.38px;letter-spacing:-0.88px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3774px;left:360.2px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3774px;left:939.4px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3774px;left:1496.45px;letter-spacing:-0.44px;white-space:nowrap">Index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3774px;left:1929.75px;white-space:nowrap">since </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3774px;left:2338.79px;letter-spacing:-0.31px;white-space:nowrap">August </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3774px;left:2878.88px;white-space:nowrap">1, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3774px;left:3054.84px;white-space:nowrap">2017.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:360.2px;letter-spacing:-0.44px;white-space:nowrap">Index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:793.5px;letter-spacing:-0.44px;white-space:nowrap">returns </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:1359.52px;white-space:nowrap">do </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:1587.59px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:1874.82px;text-rendering:optimizeLegibility;letter-spacing:-0.55px;white-space:nowrap">reflect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:2379.66px;letter-spacing:-0.88px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:2674.45px;letter-spacing:-1.05px;white-space:nowrap">fees </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:3011.16px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:3207.77px;letter-spacing:-0.29px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:3914.23px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:4226.68px;white-space:nowrap">it </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:4366.25px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:4516.28px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:4803.51px;white-space:nowrap">possible </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:5432.72px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4021px;left:5624.67px;letter-spacing:-1px;white-space:nowrap">invest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4237px;left:360.2px;letter-spacing:-0.29px;white-space:nowrap">directly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4237px;left:937.29px;letter-spacing:-0.7px;white-space:nowrap">into </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4237px;left:1260.73px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4237px;left:1479.66px;letter-spacing:-0.44px;white-space:nowrap">index.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:128.3px;font-weight:300;position:absolute;top:4479.54px;left:0px;white-space:nowrap">&#8225;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:360.2px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:746.48px;letter-spacing:-0.44px;white-space:nowrap">returns </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:1312.49px;letter-spacing:-0.15px;white-space:nowrap">shown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:1828.59px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:2074.59px;white-space:nowrap">periods </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:2656.52px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:2965.1px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:3336.7px;white-space:nowrap">one </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:3653.73px;letter-spacing:-0.44px;white-space:nowrap">year </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:4007.31px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:4281.09px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4514px;left:4568.32px;letter-spacing:-0.4px;white-space:nowrap">annualized.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5553px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5553px;left:362.89px;letter-spacing:-0.24px;white-space:nowrap">Asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5553px;left:882.25px;letter-spacing:-1.93px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5553px;left:1415.96px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5553px;left:1792.49px;letter-spacing:-1.03px;white-space:nowrap">Market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5553px;left:2473.96px;white-space:nowrap">Price</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5966.5px;left:3921.79px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5966.5px;left:4143.36px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5966.5px;left:4337.77px;white-space:nowrap">4/30/25</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5966.5px;left:5316.17px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5966.5px;left:5537.74px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5966.5px;left:5732.16px;white-space:nowrap">10/31/24</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6230.5px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6230.5px;left:302.78px;letter-spacing:-0.15px;white-space:nowrap">Asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6230.5px;left:731.34px;letter-spacing:-2.02px;white-space:nowrap">Value</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6214.77px;left:4095.72px;white-space:nowrap">$&#160;&#160;&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6230.5px;left:4365.72px;white-space:nowrap">13.88</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6214.77px;left:5535.72px;white-space:nowrap">$&#160;&#160;&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6230.5px;left:5805.72px;white-space:nowrap">11.07</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6494.5px;left:0px;letter-spacing:-1px;white-space:nowrap">Market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6494.5px;left:559.95px;letter-spacing:-0.35px;white-space:nowrap">Price</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6478.77px;left:4095.72px;white-space:nowrap">$&#160;&#160;&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6494.5px;left:4365.72px;white-space:nowrap">14.58</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6478.77px;left:5535.72px;white-space:nowrap">$&#160;&#160;&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6494.5px;left:5805.72px;white-space:nowrap">10.67</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:467.23px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:779.68px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:1082.46px;letter-spacing:-0.15px;white-space:nowrap">Asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:1511.02px;letter-spacing:-1.68px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:1948.27px;text-rendering:optimizeLegibility;letter-spacing:-0.35px;white-space:nowrap">fluctuate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:2633.91px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:2946.36px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:3220.14px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6911.5px;left:3507.36px;letter-spacing:-0.64px;white-space:nowrap">guaranteed.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7827.5px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.18px;white-space:nowrap">Distribution </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7827.5px;left:1085.79px;text-rendering:optimizeLegibility;letter-spacing:-0.57px;white-space:nowrap">Information</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7847.25px;left:5519.55px;letter-spacing:-0.73px;white-space:nowrap">Per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7847.25px;left:5807.74px;letter-spacing:-0.4px;white-space:nowrap">Share</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8099px;left:0px;white-space:nowrap">Six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8099px;left:237.22px;letter-spacing:-0.25px;white-space:nowrap">Months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8099px;left:837.86px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8099px;left:1032.89px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8099px;left:1221.24px;white-space:nowrap">4/30/25:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8363px;left:180px;letter-spacing:-0.25px;white-space:nowrap">Income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8363px;left:758.14px;text-rendering:optimizeLegibility;letter-spacing:-0.18px;white-space:nowrap">Distribution</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8347.27px;left:5581.34px;white-space:nowrap">$&#160;&#160;&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8363px;left:5851.34px;white-space:nowrap">0.35</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:959.5px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:1233.28px;letter-spacing:-0.48px;white-space:nowrap">historical, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:1970.95px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:2258.17px;letter-spacing:-0.64px;white-space:nowrap">guaranteed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:3125.3px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:3437.75px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:3723.4px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">fluctuate. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:4453.07px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:5412.57px;white-space:nowrap">do </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:5640.64px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8780px;left:5927.87px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8996px;left:0px;letter-spacing:-0.5px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8996px;left:496.41px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8996px;left:684.76px;letter-spacing:-0.55px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8996px;left:1199.18px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8996px;left:1395.79px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8996px;left:1834.01px;letter-spacing:-0.16px;white-space:nowrap">non-income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8996px;left:2743.95px;letter-spacing:-0.33px;white-space:nowrap">sources.</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:174.91px">
			<div style="width:3498.1px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">Schedule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1353.03px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1720.25px;letter-spacing:-1.36px;white-space:nowrap">Investments</div></div>
		</div>
		<div style="height:18.33px;left:0px;position:absolute;top:0px;transform:translate(203.705px,29.470px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:154.85px">
			<div style="width:3097.1px;height:265.88px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:332.54px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:567.46px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:794.28px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:1259.5px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:1573.98px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:2047.2px;letter-spacing:-0.21px;white-space:nowrap">(Unaudited) </div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">10 </div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:487.24px;left:0px;position:absolute;top:0px;transform:translate(28.800px,55.131px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9675.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.47px) rotate(0deg) scale(0.05)">













































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5020.29px;letter-spacing:-0.34px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:6391.82px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:300px;left:0px;letter-spacing:-0.53px;white-space:nowrap">Poland </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:300px;left:711.23px;white-space:nowrap">66.3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:584.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:584.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:854px;left:0px;white-space:nowrap">Air </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:854px;left:257.96px;letter-spacing:-0.46px;white-space:nowrap">Freight </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:854px;left:820.72px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:854px;left:988.24px;text-rendering:optimizeLegibility;letter-spacing:-0.2px;white-space:nowrap">Logistics </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:854px;left:1653.66px;white-space:nowrap">2.1%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1069px;left:0px;letter-spacing:-1.03px;white-space:nowrap">InPost</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1069px;left:486.04px;letter-spacing:-0.29px;white-space:nowrap">SA*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1069px;left:4923.78px;white-space:nowrap">115,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1069px;left:5863.77px;white-space:nowrap">1,935,004</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1344px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Banks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1344px;left:483.75px;white-space:nowrap">15.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1559px;left:0px;white-space:nowrap">Alior </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1559px;left:377.49px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1559px;left:772.12px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1559px;left:5015.01px;white-space:nowrap">45,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1559px;left:5868.52px;white-space:nowrap">1,222,469</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1774px;left:0px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1774px;left:394.63px;letter-spacing:-1.07px;white-space:nowrap">Polska </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1774px;left:886.55px;letter-spacing:-0.7px;white-space:nowrap">Kasa </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1774px;left:1253.58px;white-space:nowrap">Opieki </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1774px;left:1753.33px;letter-spacing:-0.29px;white-space:nowrap">SA*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1774px;left:4923.78px;white-space:nowrap">160,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1774px;left:5868.52px;white-space:nowrap">8,006,589</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1989px;left:0px;letter-spacing:-1.27px;white-space:nowrap">Powszechna</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1989px;left:916.7px;letter-spacing:-0.88px;white-space:nowrap">Kasa</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1989px;left:1283.73px;letter-spacing:-0.88px;white-space:nowrap">Oszczednosci</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1989px;left:2275.22px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1989px;left:2669.85px;letter-spacing:-0.57px;white-space:nowrap">Polski </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1989px;left:3120.29px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1989px;left:4923.78px;white-space:nowrap">250,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1989px;left:5868.52px;white-space:nowrap">4,807,513</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2253px;left:5772.54px;white-space:nowrap">14,036,571</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2500px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Broadline </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2500px;left:761.22px;letter-spacing:-0.8px;white-space:nowrap">Retail </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2500px;left:1227.92px;white-space:nowrap">2.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2715px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Allegro.eu </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2715px;left:773.79px;letter-spacing:-0.29px;white-space:nowrap">SA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2715px;left:996.5px;white-space:nowrap">144A*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2715px;left:4923.78px;white-space:nowrap">300,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2715px;left:5863.77px;white-space:nowrap">2,627,461</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2990px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2990px;left:559.34px;letter-spacing:-0.77px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2990px;left:1215.26px;white-space:nowrap">1.4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3205px;left:0px;letter-spacing:-1.51px;white-space:nowrap">Warsaw </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3205px;left:615.59px;letter-spacing:-0.29px;white-space:nowrap">Stock </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3205px;left:1044.93px;letter-spacing:-0.66px;white-space:nowrap">Exchange</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3205px;left:4923.78px;white-space:nowrap">100,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3205px;left:5863.77px;white-space:nowrap">1,273,148</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3480px;left:0px;letter-spacing:-0.23px;white-space:nowrap">Commercial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3480px;left:930.23px;letter-spacing:0.18px;white-space:nowrap">Services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3480px;left:1579.31px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3480px;left:1746.83px;white-space:nowrap">Supplies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3480px;left:2413.21px;white-space:nowrap">0.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3695px;left:0px;white-space:nowrap">Mo-BRUK </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3695px;left:739.07px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3679.27px;left:921.09px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3695px;left:5015.01px;white-space:nowrap">10,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3695px;left:6001.41px;white-space:nowrap">775,791</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3970px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Construction </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3970px;left:996.15px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3970px;left:1163.67px;white-space:nowrap">Engineering </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3970px;left:2086.26px;white-space:nowrap">4.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4185px;left:0px;letter-spacing:-0.38px;white-space:nowrap">Budimex</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4185px;left:667.79px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4185px;left:5015.01px;white-space:nowrap">22,500</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4185px;left:5863.77px;white-space:nowrap">3,785,170</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4460px;left:0px;white-space:nowrap">Consumer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4460px;left:798.75px;letter-spacing:-0.22px;white-space:nowrap">Staples </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4460px;left:1377.25px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Distribution </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4460px;left:2307.92px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4460px;left:2475.44px;letter-spacing:-0.8px;white-space:nowrap">Retail </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4460px;left:2942.14px;white-space:nowrap">2.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4675px;left:0px;white-space:nowrap">Dino </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4675px;left:377.05px;letter-spacing:-1.07px;white-space:nowrap">Polska </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4675px;left:868.97px;letter-spacing:-0.29px;white-space:nowrap">SA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4675px;left:1091.69px;white-space:nowrap">144A*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4675px;left:5015.01px;white-space:nowrap">12,500</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4675px;left:5863.77px;white-space:nowrap">1,756,157</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4950px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">Diversified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4950px;left:837.25px;text-rendering:optimizeLegibility;letter-spacing:-1.06px;white-space:nowrap">Telecommunication </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4950px;left:2338.59px;letter-spacing:0.18px;white-space:nowrap">Services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4950px;left:2987.67px;white-space:nowrap">2.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5165px;left:0px;letter-spacing:-0.69px;white-space:nowrap">Orange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5165px;left:567.25px;letter-spacing:-1.07px;white-space:nowrap">Polska </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5165px;left:1059.17px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5165px;left:4923.78px;white-space:nowrap">700,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5165px;left:5863.77px;white-space:nowrap">1,803,608</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5440px;left:0px;white-space:nowrap">Electric </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5440px;left:584.56px;text-rendering:optimizeLegibility;white-space:nowrap">Utilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5440px;left:1204.37px;white-space:nowrap">2.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5655px;left:0px;white-space:nowrap">Enea</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5655px;left:395.86px;letter-spacing:-0.29px;white-space:nowrap">SA*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5655px;left:4923.78px;white-space:nowrap">225,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5655px;left:6003.78px;white-space:nowrap">852,440</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5870px;left:0px;letter-spacing:-2.51px;white-space:nowrap">Tauron </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5870px;left:537.8px;letter-spacing:-1.07px;white-space:nowrap">Polska </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5870px;left:1029.73px;letter-spacing:-0.38px;white-space:nowrap">Energia</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5870px;left:1609.1px;letter-spacing:-0.29px;white-space:nowrap">SA*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5870px;left:4923.78px;white-space:nowrap">750,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5870px;left:5868.52px;white-space:nowrap">1,177,635</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6134px;left:5863.77px;white-space:nowrap">2,030,075</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6381px;left:0px;letter-spacing:-0.52px;white-space:nowrap">Entertainment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6381px;left:1122.89px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6596px;left:0px;white-space:nowrap">CD </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6596px;left:246.27px;letter-spacing:-0.88px;white-space:nowrap">Projekt</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6596px;left:796.99px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6596px;left:5241.51px;white-space:nowrap">100</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6596px;left:6183.87px;white-space:nowrap">6,188</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6871px;left:0px;white-space:nowrap">Household </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6871px;left:844.19px;letter-spacing:-0.44px;white-space:nowrap">Durables </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6871px;left:1547.05px;white-space:nowrap">0.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7086px;left:0px;white-space:nowrap">Dom </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7086px;left:386.19px;letter-spacing:-0.37px;white-space:nowrap">Development </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7086px;left:1399.92px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7086px;left:5106.24px;white-space:nowrap">8,500</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7086px;left:6001.41px;white-space:nowrap">495,696</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7361px;left:0px;letter-spacing:-0.4px;white-space:nowrap">Insurance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7361px;left:765.09px;white-space:nowrap">10.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7576px;left:0px;letter-spacing:-1.63px;white-space:nowrap">Powszechny</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7576px;left:907.82px;letter-spacing:-0.15px;white-space:nowrap">Zaklad</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7576px;left:1413.11px;letter-spacing:-0.56px;white-space:nowrap">Ubezpieczen</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7576px;left:2367.42px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7576px;left:4923.78px;white-space:nowrap">625,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7576px;left:5863.77px;white-space:nowrap">9,770,451</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7851px;left:0px;letter-spacing:-0.43px;white-space:nowrap">Metals </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7851px;left:552.92px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7851px;left:720.44px;white-space:nowrap">Mining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7851px;left:1285.4px;white-space:nowrap">3.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8066px;left:0px;white-space:nowrap">Grupa</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8066px;left:487.44px;letter-spacing:-1.1px;white-space:nowrap">Kety</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8066px;left:841.99px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8050.27px;left:1024.01px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8066px;left:5106.24px;white-space:nowrap">3,750</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8066px;left:6003.78px;white-space:nowrap">860,809</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8281px;left:0px;letter-spacing:-1.41px;white-space:nowrap">KGHM </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8281px;left:500.89px;letter-spacing:-1.07px;white-space:nowrap">Polska </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8281px;left:992.81px;white-space:nowrap">Miedz</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8281px;left:1478.58px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8281px;left:5015.01px;white-space:nowrap">75,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8281px;left:5868.52px;white-space:nowrap">2,382,170</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8545px;left:5863.77px;white-space:nowrap">3,242,979</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8792px;left:0px;white-space:nowrap">Oil, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8792px;left:297.25px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8792px;left:613.3px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8792px;left:780.82px;white-space:nowrap">Consumable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8792px;left:1745.24px;white-space:nowrap">Fuels </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8792px;left:2171.78px;white-space:nowrap">7.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9007px;left:0px;white-space:nowrap">ORLEN </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9007px;left:532.53px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9007px;left:4923.78px;white-space:nowrap">375,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9007px;left:5863.77px;white-space:nowrap">6,797,803</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">11 </div></div>
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		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:516.04px;left:0px;position:absolute;top:0px;transform:translate(28.800px,26.331px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.47px) rotate(0deg) scale(0.05)">











































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5020.29px;letter-spacing:-0.34px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:6391.82px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:300px;left:0px;letter-spacing:-0.41px;white-space:nowrap">Professional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:300px;left:953.7px;letter-spacing:0.18px;white-space:nowrap">Services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:300px;left:1602.77px;white-space:nowrap">2.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">Benefit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:558.72px;letter-spacing:-1.04px;white-space:nowrap">Systems </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:1181.6px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:5106.24px;white-space:nowrap">2,250</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:5868.52px;white-space:nowrap">1,948,776</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:730px;left:0px;white-space:nowrap">Grupa</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:730px;left:487.44px;letter-spacing:-0.88px;white-space:nowrap">Pracuj</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:730px;left:972.51px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:714.27px;left:1154.53px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:730px;left:5015.01px;white-space:nowrap">27,500</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:730px;left:6003.78px;white-space:nowrap">442,759</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:994px;left:5863.77px;white-space:nowrap">2,391,535</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1241px;left:0px;letter-spacing:-0.53px;white-space:nowrap">Real </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1241px;left:363.08px;letter-spacing:-1.09px;white-space:nowrap">Estate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1241px;left:860.01px;letter-spacing:-0.33px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1241px;left:1900.72px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1241px;left:2068.24px;letter-spacing:-0.35px;white-space:nowrap">Development </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1241px;left:3118.18px;white-space:nowrap">1.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1456px;left:0px;letter-spacing:-0.38px;white-space:nowrap">Develia</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1456px;left:568.56px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1440.27px;left:750.59px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1456px;left:4923.78px;white-space:nowrap">275,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1456px;left:6003.78px;white-space:nowrap">545,046</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1671px;left:0px;letter-spacing:-0.5px;white-space:nowrap">Murapol</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1671px;left:656.63px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1671px;left:5015.01px;white-space:nowrap">76,200</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1671px;left:6003.78px;white-space:nowrap">824,982</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1935px;left:5863.77px;white-space:nowrap">1,370,028</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2182px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">Software </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2182px;left:710.6px;white-space:nowrap">0.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2397px;left:0px;letter-spacing:-2.2px;white-space:nowrap">Vercom</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2397px;left:591.06px;letter-spacing:-0.29px;white-space:nowrap">SA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2397px;left:813.78px;white-space:nowrap">&#39;&#39;D&#39;&#39;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2397px;left:5015.01px;white-space:nowrap">15,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2397px;left:6001.41px;white-space:nowrap">462,286</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2672px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.84px;white-space:nowrap">Textiles, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2672px;left:643.18px;letter-spacing:-0.25px;white-space:nowrap">Apparel </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2672px;left:1271.78px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2672px;left:1439.3px;letter-spacing:-0.14px;white-space:nowrap">Luxury </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2672px;left:1980.26px;white-space:nowrap">Goods </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2672px;left:2497.59px;white-space:nowrap">5.5%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2887px;left:0px;white-space:nowrap">LPP </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2887px;left:298.92px;letter-spacing:-0.44px;white-space:nowrap">SA</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2871.27px;left:480.94px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2887px;left:5106.24px;white-space:nowrap">1,200</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2887px;left:5863.77px;white-space:nowrap">4,909,801</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3194px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3194px;left:404.74px;letter-spacing:-0.48px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3194px;left:961.35px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3194px;left:1372.59px;white-space:nowrap">$37,263,712)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3194px;left:5772.54px;white-space:nowrap">59,469,752</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:3656px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Hungary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:3656px;left:854.3px;white-space:nowrap">18.9%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3940.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3940.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4210px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Banks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4210px;left:483.75px;white-space:nowrap">8.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4425px;left:0px;letter-spacing:-1.32px;white-space:nowrap">OTP </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4425px;left:331.61px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4425px;left:726.24px;white-space:nowrap">Nyrt</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4425px;left:4923.78px;white-space:nowrap">100,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4425px;left:5863.77px;white-space:nowrap">7,384,926</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4700px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">Diversified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4700px;left:837.25px;text-rendering:optimizeLegibility;letter-spacing:-1.06px;white-space:nowrap">Telecommunication </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4700px;left:2338.59px;letter-spacing:0.18px;white-space:nowrap">Services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4700px;left:2987.67px;white-space:nowrap">2.1%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4915px;left:0px;letter-spacing:-0.38px;white-space:nowrap">Magyar </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4915px;left:585.35px;letter-spacing:-2.86px;white-space:nowrap">Telekom </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4915px;left:1223.44px;text-rendering:optimizeLegibility;letter-spacing:-1.13px;white-space:nowrap">Telecommunications </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4915px;left:2744.91px;letter-spacing:-0.44px;white-space:nowrap">PLC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4915px;left:3046.99px;white-space:nowrap">(ADR)*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4915px;left:4923.78px;white-space:nowrap">390,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4915px;left:5863.77px;white-space:nowrap">1,849,941</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5190px;left:0px;white-space:nowrap">Oil, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5190px;left:297.25px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5190px;left:613.3px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5190px;left:780.82px;white-space:nowrap">Consumable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5190px;left:1745.24px;white-space:nowrap">Fuels </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5190px;left:2171.78px;white-space:nowrap">4.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5405px;left:0px;white-space:nowrap">MOL </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5405px;left:385.93px;letter-spacing:-0.35px;white-space:nowrap">Hungarian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5405px;left:1170.7px;white-space:nowrap">Oil </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5405px;left:1408.62px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5405px;left:1569.9px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5405px;left:1877.87px;letter-spacing:-0.59px;white-space:nowrap">PLC</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5405px;left:4923.78px;white-space:nowrap">425,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5405px;left:5863.77px;white-space:nowrap">3,599,590</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5680px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.07px;white-space:nowrap">Pharmaceuticals </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5680px;left:1268.26px;white-space:nowrap">4.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5895px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Richter </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5895px;left:552.92px;white-space:nowrap">Gedeon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5895px;left:1165.34px;white-space:nowrap">Nyrt</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5895px;left:4923.78px;white-space:nowrap">135,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5895px;left:5863.77px;white-space:nowrap">4,097,117</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6202px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6202px;left:404.74px;letter-spacing:-0.33px;white-space:nowrap">Hungary</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6202px;left:1073.32px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6202px;left:1484.56px;white-space:nowrap">$9,435,189)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6202px;left:5772.54px;white-space:nowrap">16,931,574</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6664px;left:0px;letter-spacing:-0.71px;white-space:nowrap">Czech </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6664px;left:596.34px;letter-spacing:-0.37px;white-space:nowrap">Republic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6664px;left:1469.73px;white-space:nowrap">2.8%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:6948.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:6948.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7218px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Banks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7218px;left:483.75px;white-space:nowrap">1.6%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7433px;left:0px;letter-spacing:-0.77px;white-space:nowrap">Komercni</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7433px;left:722.37px;letter-spacing:-0.59px;white-space:nowrap">Banka </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7433px;left:1198.21px;white-space:nowrap">AS</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7433px;left:5015.01px;white-space:nowrap">30,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7433px;left:5868.52px;white-space:nowrap">1,455,913</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7648px;left:0px;letter-spacing:-0.5px;white-space:nowrap">Moneta </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7648px;left:609.43px;letter-spacing:-0.15px;white-space:nowrap">Money </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7648px;left:1156.99px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7648px;left:1551.62px;white-space:nowrap">AS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7648px;left:1775.21px;white-space:nowrap">144A</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7648px;left:5106.24px;white-space:nowrap">1,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7648px;left:6186.24px;white-space:nowrap">6,170</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7912px;left:5863.77px;white-space:nowrap">1,462,083</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8159px;left:0px;white-space:nowrap">Electric </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8159px;left:584.56px;text-rendering:optimizeLegibility;white-space:nowrap">Utilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8159px;left:1204.37px;white-space:nowrap">1.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8374px;left:0px;letter-spacing:-0.22px;white-space:nowrap">CEZ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8374px;left:307.53px;white-space:nowrap">AS</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8374px;left:5015.01px;white-space:nowrap">20,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8374px;left:5863.77px;white-space:nowrap">1,017,088</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8681px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8681px;left:404.74px;letter-spacing:-0.56px;white-space:nowrap">Czech </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8681px;left:871.44px;letter-spacing:-0.33px;white-space:nowrap">Republic</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8681px;left:1554.96px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8681px;left:1966.2px;white-space:nowrap">$1,591,687)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8681px;left:5863.77px;white-space:nowrap">2,479,171</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:9143px;left:0px;letter-spacing:-0.51px;white-space:nowrap">Moldova </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:9143px;left:898.55px;white-space:nowrap">2.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:9427.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:9427.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9665px;left:0px;letter-spacing:-0.84px;white-space:nowrap">Beverages </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9665px;left:800.16px;white-space:nowrap">2.7% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9880px;left:0px;letter-spacing:-0.88px;white-space:nowrap">Purcari</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9880px;left:544.57px;white-space:nowrap">Wineries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9880px;left:1226.34px;letter-spacing:-0.44px;white-space:nowrap">PLC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9880px;left:1528.42px;letter-spacing:-0.78px;white-space:nowrap">(Registered) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9880px;left:2437.65px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9880px;left:2848.89px;white-space:nowrap">$1,551,236)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9880px;left:4923.78px;white-space:nowrap">700,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9892px;left:5863.77px;white-space:nowrap">2,406,849</div></div>
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			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">12 </div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:516.04px;left:0px;position:absolute;top:0px;transform:translate(28.800px,26.331px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.47px) rotate(0deg) scale(0.05)">



























































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5020.29px;letter-spacing:-0.34px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:6391.82px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:515px;left:0px;letter-spacing:-0.85px;white-space:nowrap">Portugal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:515px;left:854.41px;white-space:nowrap">2.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:799.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:799.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1037px;left:0px;white-space:nowrap">Consumer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1037px;left:798.75px;letter-spacing:-0.22px;white-space:nowrap">Staples </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1037px;left:1377.25px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Distribution </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1037px;left:2307.92px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1037px;left:2475.44px;letter-spacing:-0.8px;white-space:nowrap">Retail </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1037px;left:2942.14px;white-space:nowrap">2.0% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1252px;left:0px;letter-spacing:-0.39px;white-space:nowrap">Jeronimo </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1252px;left:707.78px;text-rendering:optimizeLegibility;white-space:nowrap">Martins </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1252px;left:1307.9px;white-space:nowrap">SGPS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1252px;left:1715.89px;letter-spacing:-0.29px;white-space:nowrap">SA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1252px;left:1938.6px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1252px;left:2349.84px;white-space:nowrap">$1,556,413)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1252px;left:5015.01px;white-space:nowrap">75,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1264px;left:5863.77px;white-space:nowrap">1,817,903</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:1682px;left:0px;letter-spacing:-0.13px;white-space:nowrap">Netherlands </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:1682px;left:1227.04px;white-space:nowrap">1.3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:1966.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:1966.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2204px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">Software </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2204px;left:710.6px;white-space:nowrap">1.3% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2419px;left:0px;white-space:nowrap">Nebius</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2419px;left:540.88px;letter-spacing:-0.59px;white-space:nowrap">Group </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2419px;left:1033.95px;white-space:nowrap">NV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2419px;left:1289.27px;white-space:nowrap">&#39;&#39;A&#39;&#39; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2419px;left:1585.37px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2419px;left:1996.61px;white-space:nowrap">$3,191,161)* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2403.27px;left:2998.65px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2419px;left:5015.01px;white-space:nowrap">50,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2431px;left:5863.77px;white-space:nowrap">1,126,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:2849px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Turkey </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:2849px;left:685.96px;white-space:nowrap">1.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3133.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3133.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3403px;left:0px;letter-spacing:-0.1px;white-space:nowrap">Electrical </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3403px;left:716.57px;letter-spacing:-0.43px;white-space:nowrap">Equipment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3403px;left:1570.78px;white-space:nowrap">0.4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3618px;left:0px;letter-spacing:-0.66px;white-space:nowrap">Astor </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3618px;left:422.84px;letter-spacing:-1.96px;white-space:nowrap">Transformator</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3618px;left:1486.85px;white-space:nowrap">Enerji</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3618px;left:1941.15px;letter-spacing:-2.05px;white-space:nowrap">Turizm</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3618px;left:2465.07px;letter-spacing:-0.29px;white-space:nowrap">Insaat</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3618px;left:2939.68px;letter-spacing:-2.93px;white-space:nowrap">Ve </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3618px;left:3160.28px;letter-spacing:-1.19px;white-space:nowrap">Petrol </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3618px;left:3627.77px;letter-spacing:-0.5px;white-space:nowrap">Sanayi </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3834px;left:0px;letter-spacing:-0.75px;white-space:nowrap">Ticaret</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3834px;left:533.58px;white-space:nowrap">AS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3834px;left:757.18px;white-space:nowrap">&#39;&#39;B&#39;&#39;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3834px;left:4923.78px;white-space:nowrap">135,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3834px;left:6001.41px;white-space:nowrap">352,689</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4109px;left:0px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4109px;left:702.16px;letter-spacing:0.18px;white-space:nowrap">Services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4109px;left:1351.23px;white-space:nowrap">0.4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4324px;left:0px;letter-spacing:-2.07px;white-space:nowrap">Turkiye</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4324px;left:556.17px;white-space:nowrap">Sinai </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4324px;left:936.04px;letter-spacing:-0.44px;white-space:nowrap">Kalkinma</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4324px;left:1628.17px;letter-spacing:-0.5px;white-space:nowrap">Bankasi</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4324px;left:2213.35px;white-space:nowrap">AS*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4324px;left:4788.52px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4324px;left:6001.41px;white-space:nowrap">407,863</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4599px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Passenger </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4599px;left:790.66px;white-space:nowrap">Airlines </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4599px;left:1396.05px;white-space:nowrap">0.4%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4814px;left:0px;letter-spacing:-0.93px;white-space:nowrap">Pegasus </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4814px;left:615.41px;letter-spacing:-1.43px;white-space:nowrap">Hava</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4814px;left:1010.48px;letter-spacing:-1.17px;white-space:nowrap">Tasimaciligi</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4814px;left:1865.13px;white-space:nowrap">AS*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4814px;left:5015.01px;white-space:nowrap">60,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4814px;left:6001.41px;white-space:nowrap">347,658</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5121px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5121px;left:404.74px;letter-spacing:-2.64px;white-space:nowrap">Turkey</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5121px;left:941.57px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5121px;left:1352.81px;white-space:nowrap">$1,259,775)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5121px;left:5863.77px;white-space:nowrap">1,108,210</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:5583px;left:0px;letter-spacing:-0.97px;white-space:nowrap">Kazakhstan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:5583px;left:1127.88px;white-space:nowrap">0.3%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5867.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5867.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6105px;left:0px;letter-spacing:-0.43px;white-space:nowrap">Metals </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6105px;left:552.92px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6105px;left:720.44px;white-space:nowrap">Mining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6105px;left:1285.4px;white-space:nowrap">0.3% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6320px;left:0px;letter-spacing:-0.49px;white-space:nowrap">Solidcore</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6320px;left:706.03px;letter-spacing:-0.62px;white-space:nowrap">Resources </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6320px;left:1479.46px;letter-spacing:-0.44px;white-space:nowrap">PLC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6320px;left:1781.54px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6320px;left:2192.78px;white-space:nowrap">$1,244,170)*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6320px;left:5015.01px;white-space:nowrap">75,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6332px;left:6001.41px;white-space:nowrap">281,250</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6750px;left:0px;letter-spacing:-0.72px;white-space:nowrap">France </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6750px;left:683.26px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7034.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7034.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7272px;left:0px;white-space:nowrap">Oil, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7272px;left:297.25px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7272px;left:613.3px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7272px;left:780.82px;white-space:nowrap">Consumable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7272px;left:1745.24px;white-space:nowrap">Fuels </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7272px;left:2171.78px;white-space:nowrap">0.0% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7487px;left:0px;letter-spacing:-1.66px;white-space:nowrap">TotalEnergies</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7487px;left:998.79px;white-space:nowrap">SE </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7487px;left:1208.94px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7487px;left:1620.18px;white-space:nowrap">$4,732)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7487px;left:5241.51px;white-space:nowrap">100</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7499px;left:6183.87px;white-space:nowrap">5,817</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:7917px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Austria </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:7917px;left:735.48px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:8201.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:8201.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8439px;left:0px;white-space:nowrap">Oil, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8439px;left:297.25px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8439px;left:613.3px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8439px;left:780.82px;white-space:nowrap">Consumable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8439px;left:1745.24px;white-space:nowrap">Fuels </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8439px;left:2171.78px;white-space:nowrap">0.0% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8654px;left:0px;white-space:nowrap">OMV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8654px;left:410.27px;letter-spacing:-0.29px;white-space:nowrap">AG </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8654px;left:664.45px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8654px;left:1075.69px;white-space:nowrap">$4,475)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8654px;left:5241.51px;white-space:nowrap">100</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8666px;left:6183.87px;white-space:nowrap">5,180</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:9084px;left:0px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:9084px;left:658.44px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:9368.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:9368.5px;left:838.77px;letter-spacing:-0.54px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9638px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Banks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9638px;left:483.75px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9853px;left:0px;white-space:nowrap">Sberbank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9853px;left:717.8px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9853px;left:906.15px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9853px;left:1399.83px;letter-spacing:-1.88px;white-space:nowrap">PJSC** </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9853px;left:1932.1px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9853px;left:4788.52px;white-space:nowrap">3,600,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9853px;left:6503.97px;white-space:nowrap">0</div></div>
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		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
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		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">13 </div></div>
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		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:516.04px;left:0px;position:absolute;top:0px;transform:translate(28.800px,26.331px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.47px) rotate(0deg) scale(0.05)">




































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5020.29px;letter-spacing:-0.34px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:53px;left:6391.82px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:300px;left:0px;letter-spacing:-0.11px;white-space:nowrap">Chemicals </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:300px;left:792.95px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:0px;letter-spacing:-0.44px;white-space:nowrap">PhosAgro</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:727.29px;letter-spacing:-2.64px;white-space:nowrap">PJSC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:1080.26px;white-space:nowrap">(GDR) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:1546.52px;letter-spacing:-0.72px;white-space:nowrap">(Registered)* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:2545.4px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:515px;left:5015.01px;white-space:nowrap">90,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:515px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:790px;left:0px;white-space:nowrap">Consumer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:790px;left:798.75px;letter-spacing:-0.22px;white-space:nowrap">Staples </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:790px;left:1377.25px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Distribution </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:790px;left:2307.92px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:790px;left:2475.44px;letter-spacing:-0.8px;white-space:nowrap">Retail </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:790px;left:2942.14px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:0px;white-space:nowrap">Fix </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:238.54px;letter-spacing:-0.29px;white-space:nowrap">Price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:636.15px;letter-spacing:-0.59px;white-space:nowrap">Group </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:1129.22px;letter-spacing:-0.44px;white-space:nowrap">PLC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:1431.3px;white-space:nowrap">(GDR) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:1897.56px;letter-spacing:-0.78px;white-space:nowrap">(Registered) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:2806.79px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:4923.78px;white-space:nowrap">125,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1005px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1220px;left:0px;white-space:nowrap">Magnit</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1220px;left:554.24px;letter-spacing:-1.88px;white-space:nowrap">PJSC** </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1220px;left:1086.5px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1220px;left:5015.01px;white-space:nowrap">63,909</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1220px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1484px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1731px;left:0px;letter-spacing:-0.43px;white-space:nowrap">Metals </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1731px;left:552.92px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1731px;left:720.44px;white-space:nowrap">Mining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1731px;left:1285.4px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1946px;left:0px;letter-spacing:-0.59px;white-space:nowrap">Alrosa</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1946px;left:488.58px;letter-spacing:-1.88px;white-space:nowrap">PJSC** </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1946px;left:1020.85px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1946px;left:4788.52px;white-space:nowrap">1,670,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1946px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2161px;left:0px;white-space:nowrap">GMK </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2161px;left:396.47px;white-space:nowrap">Norilskiy</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2161px;left:1055.48px;letter-spacing:-0.88px;white-space:nowrap">Nickel </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2161px;left:1529.21px;letter-spacing:-3.96px;white-space:nowrap">PAO </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2161px;left:1864.69px;white-space:nowrap">(ADR)* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2161px;left:2409.08px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2161px;left:5015.01px;white-space:nowrap">50,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2161px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:0px;letter-spacing:-0.47px;white-space:nowrap">Magnitogorsk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:1031.22px;letter-spacing:-0.7px;white-space:nowrap">Iron </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:1361.78px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:1523.06px;letter-spacing:-0.29px;white-space:nowrap">Steel </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:1920.23px;letter-spacing:-1.61px;white-space:nowrap">Works </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:2414.71px;letter-spacing:-2.64px;white-space:nowrap">PJSC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:2767.68px;white-space:nowrap">(GDR) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:3233.94px;letter-spacing:-0.72px;white-space:nowrap">(Registered)* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:4232.81px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:5015.01px;white-space:nowrap">74,569</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2376px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2591px;left:0px;letter-spacing:-0.57px;white-space:nowrap">Polyus </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2591px;left:504.23px;letter-spacing:-2.64px;white-space:nowrap">PJSC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2591px;left:857.2px;white-space:nowrap">(GDR) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2591px;left:1323.46px;letter-spacing:-0.72px;white-space:nowrap">(Registered)* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2591px;left:2322.33px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2591px;left:5015.01px;white-space:nowrap">20,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2591px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2855px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3102px;left:0px;white-space:nowrap">Oil, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3102px;left:297.25px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3102px;left:613.3px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3102px;left:780.82px;white-space:nowrap">Consumable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3102px;left:1745.24px;white-space:nowrap">Fuels </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3102px;left:2171.78px;white-space:nowrap">0.0%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3317px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Gazprom </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3317px;left:697.5px;letter-spacing:-2.2px;white-space:nowrap">PJSC* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3317px;left:1140.12px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3317px;left:4788.52px;white-space:nowrap">5,000,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3317px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3532px;left:0px;letter-spacing:-0.94px;white-space:nowrap">Lukoil </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3532px;left:455.71px;letter-spacing:-1.88px;white-space:nowrap">PJSC** </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3532px;left:987.98px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3532px;left:4923.78px;white-space:nowrap">209,500</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3532px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3747px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-2.93px;white-space:nowrap">Tatneft</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3747px;left:545.27px;letter-spacing:-2.64px;white-space:nowrap">PJSC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3747px;left:898.24px;white-space:nowrap">(ADR)* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3731.27px;left:1442.64px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3747px;left:1573.33px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3747px;left:5015.01px;white-space:nowrap">26,400</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3747px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4011px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4290px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4290px;left:404.74px;white-space:nowrap">Russia</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4290px;left:920.04px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4290px;left:1331.28px;white-space:nowrap">$30,722,586)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4290px;left:6503.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4752px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4752px;left:976.6px;white-space:nowrap">Lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4752px;left:1777.45px;letter-spacing:-1px;white-space:nowrap">Collateral</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4752px;left:2738.66px;white-space:nowrap">7.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5036.5px;left:0px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5036.5px;left:388.21px;letter-spacing:-0.4px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5036.5px;left:1339.01px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5036.5px;left:1500.29px;letter-spacing:-0.19px;white-space:nowrap">Agency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5036.5px;left:2063.85px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5036.5px;left:2802.83px;text-rendering:optimizeLegibility;letter-spacing:-0.83px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5036.5px;left:3457.88px;letter-spacing:-0.29px;white-space:nowrap">&#39;&#39;DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5252.5px;left:244px;letter-spacing:-0.4px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5252.5px;left:1194.8px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5252.5px;left:1579.67px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Institutional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5252.5px;left:2484.68px;letter-spacing:-0.26px;white-space:nowrap">Shares&#39;&#39;, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5252.5px;left:3124.09px;white-space:nowrap">4.24% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5468.5px;left:244px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5468.5px;left:655.24px;white-space:nowrap">$6,455,929) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5468.5px;left:1567.63px;white-space:nowrap">(b) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5468.5px;left:1809.42px;white-space:nowrap">(c)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5468.5px;left:4788.52px;white-space:nowrap">6,455,929</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5468.5px;left:5863.77px;white-space:nowrap">6,455,929</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:5898.5px;left:0px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:5898.5px;left:502.45px;letter-spacing:-0.74px;white-space:nowrap">Equivalents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:5898.5px;left:1650.65px;white-space:nowrap">3.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6183px;left:0px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6183px;left:388.21px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6183px;left:948.08px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6183px;left:1332.95px;letter-spacing:-0.28px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6183px;left:2342.9px;letter-spacing:-0.4px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6183px;left:3293.7px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6183px;left:3741.77px;white-space:nowrap">4.36% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6399px;left:244px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6399px;left:655.24px;white-space:nowrap">$3,300,921) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6399px;left:1567.63px;white-space:nowrap">(c)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6399px;left:4788.52px;white-space:nowrap">3,300,921</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6399px;left:5863.77px;white-space:nowrap">3,300,921</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6919px;left:4878.52px;white-space:nowrap">% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6919px;left:5050.43px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6919px;left:5244.85px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7147px;left:5038.92px;letter-spacing:-0.21px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7147px;left:5934.35px;letter-spacing:-1.66px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7147px;left:6391.82px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7394px;left:0px;letter-spacing:-3.37px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7394px;left:472.19px;letter-spacing:-0.84px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7394px;left:1502.81px;text-rendering:optimizeLegibility;letter-spacing:-0.66px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7416.5px;left:2304.87px;letter-spacing:-0.37px;white-space:nowrap">(Cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7416.5px;left:2716.11px;white-space:nowrap">$97,581,986)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7416.5px;left:5089.51px;white-space:nowrap">106.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7416.5px;left:5407.23px;white-space:nowrap">4</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7416.5px;left:5772.54px;white-space:nowrap">95,388,556</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7663.5px;left:0px;white-space:nowrap">Other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7663.5px;left:555.35px;letter-spacing:-0.21px;white-space:nowrap">Assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7663.5px;left:1158.49px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7663.5px;left:1535.01px;text-rendering:optimizeLegibility;white-space:nowrap">Liabilities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7663.5px;left:2460.53px;letter-spacing:-0.48px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7674.75px;left:5218.18px;letter-spacing:-9.26px;white-space:nowrap">(6.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7674.75px;left:5379.44px;letter-spacing:-9.26px;white-space:nowrap">4</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7674.75px;left:5461.41px;white-space:nowrap">)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7674.75px;left:5807.7px;letter-spacing:-5.1px;white-space:nowrap">(5,772,309)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7950px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7950px;left:362.89px;letter-spacing:-0.24px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7972.5px;left:5089.51px;white-space:nowrap">100.0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7972.5px;left:5772.54px;white-space:nowrap">89,616,247</div></div>
		</div>


</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:516.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.778px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">14 </div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:514.58px;left:0px;position:absolute;top:0px;transform:translate(28.800px,27.799px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:0px;letter-spacing:-0.66px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:276.77px;white-space:nowrap">purposes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:982.09px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:1170.44px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:1379.62px;letter-spacing:-0.15px;white-space:nowrap">industry </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:2009.44px;text-rendering:optimizeLegibility;letter-spacing:-0.63px;white-space:nowrap">concentration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:3055.08px;letter-spacing:-1.76px;white-space:nowrap">policy, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:3548.5px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:3830.8px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:4234.83px;text-rendering:optimizeLegibility;white-space:nowrap">classifies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:4906.93px;letter-spacing:-0.44px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:5437.18px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9092px;left:5625.53px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:727.12px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:909.93px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:1192.24px;letter-spacing:-0.15px;white-space:nowrap">industry </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:1822.06px;letter-spacing:-0.35px;white-space:nowrap">sub-group </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:2598.31px;letter-spacing:-0.38px;white-space:nowrap">level. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:3016.93px;letter-spacing:-0.33px;white-space:nowrap">Certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:3579.43px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:3767.78px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:4050.09px;letter-spacing:-0.56px;white-space:nowrap">categories </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:4832.58px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:5006.51px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:5288.82px;letter-spacing:-0.44px;white-space:nowrap">above </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9308px;left:5767.12px;white-space:nowrap">Schedule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:188.35px;letter-spacing:-0.73px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:1108.21px;letter-spacing:-0.49px;white-space:nowrap">consist </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:1646.98px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:1835.33px;text-rendering:optimizeLegibility;white-space:nowrap">multiple </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:2471.31px;letter-spacing:-0.15px;white-space:nowrap">industry </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:3101.13px;letter-spacing:-0.4px;white-space:nowrap">sub-groups </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:3946.11px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9524px;left:4142.72px;letter-spacing:-0.2px;white-space:nowrap">industries.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:0px;white-space:nowrap">A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:137.68px;letter-spacing:0.11px;white-space:nowrap">summary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:848.84px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1032.74px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1310.6px;letter-spacing:-1.63px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1812.41px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:2729.94px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:2899.43px;text-rendering:optimizeLegibility;letter-spacing:-0.4px;white-space:nowrap">affiliated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:3564.19px;letter-spacing:-0.73px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:4475.39px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:4978.34px;letter-spacing:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:5256.2px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:5764.07px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:6258.75px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:0px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:267.19px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:672.8px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:946.58px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:256px;left:1141.61px;letter-spacing:-0.88px;white-space:nowrap">follows:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:689px;left:3442.89px;letter-spacing:-0.27px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:881px;left:3193.12px;letter-spacing:-0.29px;white-space:nowrap">Change</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:101.64px;letter-spacing:-1.47px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:508.28px;white-space:nowrap">($) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:725.23px;letter-spacing:-0.49px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:71.95px;white-space:nowrap">10/31/2024</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:1152.57px;letter-spacing:-0.23px;white-space:nowrap">Purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:1530px;letter-spacing:-0.45px;white-space:nowrap">Cost</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:1637.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:2267.92px;white-space:nowrap">Sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:2002.37px;letter-spacing:-0.24px;white-space:nowrap">Proceeds</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:2425.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1485px;left:2814.89px;letter-spacing:-0.36px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1677px;left:2719.65px;letter-spacing:-0.39px;white-space:nowrap">Real- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1869px;left:2788.87px;letter-spacing:-0.74px;white-space:nowrap">ized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:2680.36px;white-space:nowrap">Gain/</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:2674.18px;white-space:nowrap">(Loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:2874.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1101px;left:3558.04px;white-space:nowrap">in</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1293px;left:3190px;letter-spacing:-0.22px;white-space:nowrap">Unreal- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1485px;left:3416.87px;letter-spacing:-0.74px;white-space:nowrap">ized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1677px;left:3123.67px;letter-spacing:-0.26px;white-space:nowrap">Appreci</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1677px;left:3634.22px;white-space:nowrap">- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1869px;left:3271.4px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">ation</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1869px;left:3614.45px;white-space:nowrap">/ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:3075.23px;white-space:nowrap">(</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:3125.07px;letter-spacing:-0.26px;white-space:nowrap">Depreci</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:3634.22px;white-space:nowrap">- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:3290.31px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">ation</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:3633.36px;white-space:nowrap">) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:3502.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:3732.79px;letter-spacing:-0.13px;white-space:nowrap">Income</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:4043.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1677px;left:4326.18px;letter-spacing:-0.22px;white-space:nowrap">Capital</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1869px;left:4481.11px;white-space:nowrap">Gain</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:4384.39px;letter-spacing:-0.3px;white-space:nowrap">Distri</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:4738.22px;white-space:nowrap">- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:4286.11px;text-rendering:optimizeLegibility;white-space:nowrap">butions</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:4606.42px;white-space:nowrap">($)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:1869px;left:5125.51px;white-space:nowrap">Number</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:5057.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:5230.28px;letter-spacing:-0.3px;white-space:nowrap">Shares</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:5537.23px;letter-spacing:-0.74px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:4965.04px;white-space:nowrap">4/30/2025</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:6007.78px;letter-spacing:-1.47px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2061px;left:6414.42px;white-space:nowrap">($) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2253px;left:6462.23px;letter-spacing:-0.74px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2445px;left:5890.04px;white-space:nowrap">4/30/2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2679px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2679px;left:679.38px;white-space:nowrap">Lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2679px;left:1236.48px;letter-spacing:-0.63px;white-space:nowrap">Collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:2679px;left:1905.16px;white-space:nowrap">7.2%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:0px;letter-spacing:-0.39px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:345.08px;letter-spacing:-0.36px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:1190.23px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:1333.59px;letter-spacing:-0.17px;white-space:nowrap">Agency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:1834.53px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:2491.41px;text-rendering:optimizeLegibility;letter-spacing:-0.74px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:3073.67px;letter-spacing:-0.26px;white-space:nowrap">&#39;&#39;DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:3487.19px;letter-spacing:-0.36px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:4332.34px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:4674.45px;text-rendering:optimizeLegibility;letter-spacing:-0.14px;white-space:nowrap">Institutional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:5478.91px;letter-spacing:-0.23px;white-space:nowrap">Shares&#39;&#39;, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2928px;left:6047.27px;white-space:nowrap">4.24% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3120px;left:0px;white-space:nowrap">(b) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3120px;left:214.92px;white-space:nowrap">(c)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:332.5px;white-space:nowrap">705,400</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:993.51px;white-space:nowrap">5,750,529(d)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:2526.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:2975.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:3603.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:3779.59px;white-space:nowrap">21,436</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:4707.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:5024.26px;white-space:nowrap">6,455,929</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3369px;left:5949.26px;white-space:nowrap">6,455,929</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:3618px;left:0px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:3618px;left:349.53px;letter-spacing:-0.51px;white-space:nowrap">Equivalents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:3618px;left:1148.28px;white-space:nowrap">3.7%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3867px;left:0px;letter-spacing:-0.39px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3867px;left:345.08px;letter-spacing:-0.59px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3867px;left:842.73px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3867px;left:1184.84px;letter-spacing:-0.25px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3867px;left:2082.58px;letter-spacing:-0.36px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3867px;left:2927.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3867px;left:3326.02px;white-space:nowrap">4.36% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3867px;left:3757.73px;white-space:nowrap">(c)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:212.26px;white-space:nowrap">2,355,938</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:1172.26px;white-space:nowrap">9,272,991</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:1960.26px;white-space:nowrap">8,328,008</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:2975.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:3603.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:3779.59px;white-space:nowrap">48,258</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:4707.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:5024.26px;white-space:nowrap">3,300,921</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4116px;left:5949.26px;white-space:nowrap">3,300,921</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:208.04px;white-space:nowrap">3,061,338</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:1086.95px;white-space:nowrap">15,023,520</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:1956.04px;white-space:nowrap">8,328,008</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:2975.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:3603.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:3777.48px;white-space:nowrap">69,694</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:4707.51px;white-space:nowrap">&#8211;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:5020.04px;white-space:nowrap">9,756,850</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:4365px;left:5945.04px;white-space:nowrap">9,756,850</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4777px;left:0px;white-space:nowrap">*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4777px;left:504.2px;letter-spacing:-0.16px;white-space:nowrap">Non-income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4777px;left:1435.49px;letter-spacing:-0.35px;white-space:nowrap">producing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4777px;left:2203.3px;letter-spacing:-1.37px;white-space:nowrap">security.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:0px;white-space:nowrap">**</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:504.2px;letter-spacing:-0.16px;white-space:nowrap">Non-income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:1435.49px;letter-spacing:-0.35px;white-space:nowrap">producing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:2203.3px;white-space:nowrap">security; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:2860.2px;white-space:nowrap">due </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:3176.87px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:3368.82px;letter-spacing:-0.16px;white-space:nowrap">applicable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:4142.43px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:4906.03px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:5568.37px;letter-spacing:-0.25px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5024px;left:6142.3px;letter-spacing:-0.73px;white-space:nowrap">was</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5240px;left:504.2px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5240px;left:791.43px;letter-spacing:-0.78px;white-space:nowrap">recorded.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5467.13px;left:0px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:504.2px;white-space:nowrap">All </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:729.38px;letter-spacing:0px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:929.59px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:1058.61px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">portion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:1637.2px;letter-spacing:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:1829.15px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:2273.62px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:3004.34px;letter-spacing:-0.88px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:3409.95px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:3641.63px;white-space:nowrap">loan. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:4041.8px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:4355.57px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:4783.33px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:4975.29px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:5183.76px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:5914.49px;white-space:nowrap">loaned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5487px;left:6453.08px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:504.2px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:881.34px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:1148.53px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:1554.14px;letter-spacing:-0.39px;white-space:nowrap">amounted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:2340.94px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:2532.89px;white-space:nowrap">$5,770,719, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:3435.53px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:3905.3px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:4055.33px;white-space:nowrap">6.4% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:4449.79px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:4638.14px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5703px;left:4919.56px;letter-spacing:-0.13px;white-space:nowrap">assets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5950px;left:0px;white-space:nowrap">(a)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5995px;left:504.2px;letter-spacing:-0.88px;white-space:nowrap">Investment</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5995px;left:1368.02px;letter-spacing:-0.55px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5995px;left:1686.62px;letter-spacing:-0.38px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5995px;left:2204.3px;white-space:nowrap">using </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5995px;left:2625.73px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5995px;left:3396.71px;letter-spacing:-0.14px;white-space:nowrap">unobservable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5995px;left:4416.77px;white-space:nowrap">inputs.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:0px;white-space:nowrap">(b)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:504.2px;letter-spacing:-0.72px;white-space:nowrap">Represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:1348.35px;letter-spacing:-0.35px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:1712.96px;letter-spacing:-0.8px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:2415.34px;white-space:nowrap">held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:2773.01px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:2948.22px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">connection </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:3796.23px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:4156.37px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:4884.76px;white-space:nowrap">lending. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:5504.08px;letter-spacing:-0.25px;white-space:nowrap">Income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6242px;left:6083.5px;white-space:nowrap">earned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6458px;left:504.2px;letter-spacing:-0.29px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6458px;left:716.9px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6458px;left:999.2px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6458px;left:1403.23px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6458px;left:1553.26px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6458px;left:1834.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6458px;left:2023.04px;letter-spacing:-0.68px;white-space:nowrap">borrower </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6458px;left:2739.7px;letter-spacing:-0.77px;white-space:nowrap">rebates.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:0px;white-space:nowrap">(c)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:504.2px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">Affiliated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:1212.12px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:1608.28px;letter-spacing:-0.16px;white-space:nowrap">managed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:2340.98px;letter-spacing:-0.29px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:2574.82px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:2984.17px;letter-spacing:-0.8px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:3855.56px;letter-spacing:-0.28px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:4886.65px;letter-spacing:-0.18px;white-space:nowrap">Americas, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:5656.18px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:5976.05px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6705px;left:6307.36px;letter-spacing:-1.41px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:504.2px;letter-spacing:-0.15px;white-space:nowrap">shown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:1020.29px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:1170.32px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:1452.63px;letter-spacing:-0.4px;white-space:nowrap">annualized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:2271.68px;letter-spacing:-0.62px;white-space:nowrap">seven-day </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:3039.14px;white-space:nowrap">yield </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:3421.11px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:3603.93px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6921px;left:4116.24px;white-space:nowrap">end.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:0px;white-space:nowrap">(d)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:504.2px;letter-spacing:-0.72px;white-space:nowrap">Represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:1376.17px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:1687.58px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:1998.1px;letter-spacing:-0.29px;white-space:nowrap">increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:2669.33px;letter-spacing:-0.24px;white-space:nowrap">(purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:3522.32px;letter-spacing:-0.66px;white-space:nowrap">cost) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:3941.13px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:4166.84px;letter-spacing:-0.29px;white-space:nowrap">decrease </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:4887.28px;white-space:nowrap">(sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:5363.48px;letter-spacing:-0.35px;white-space:nowrap">proceeds) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:6150.55px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7168px;left:6353.59px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:504.2px;letter-spacing:-0.25px;white-space:nowrap">amount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:1110.29px;letter-spacing:-0.98px;white-space:nowrap">invested </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:1754.8px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:1928.73px;letter-spacing:-0.35px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:2292.07px;letter-spacing:-0.8px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:2993.17px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:3239.18px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:3521.49px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:4033.8px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:4532.93px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:4910.07px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7384px;left:5177.26px;white-space:nowrap">2025.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:0px;white-space:nowrap">144A:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:504.2px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:1243.18px;letter-spacing:-1.19px;white-space:nowrap">exempt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:1823.79px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:2213.06px;text-rendering:optimizeLegibility;letter-spacing:-0.78px;white-space:nowrap">registration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:3079.13px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:3551.37px;white-space:nowrap">Rule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:3910.05px;white-space:nowrap">144A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:4325.86px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:4798.1px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:5080.4px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:5819.39px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7711px;left:6097.21px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:504.2px;white-space:nowrap">1933. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:953.85px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:1422.57px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:2149.69px;letter-spacing:-0.88px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:2493.34px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:2716.49px;letter-spacing:-0.38px;white-space:nowrap">resold </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:3202.27px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:3376.2px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:4298.17px;letter-spacing:-1.19px;white-space:nowrap">exempt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:4878.78px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7927px;left:5268.05px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">registration, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8143px;left:504.2px;white-space:nowrap">normally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8143px;left:1180.25px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8143px;left:1372.21px;text-rendering:optimizeLegibility;white-space:nowrap">qualified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8143px;left:2039.47px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">institutional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8143px;left:2940.26px;letter-spacing:-0.82px;white-space:nowrap">buyers.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:0px;white-space:nowrap">ADR:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:504.2px;letter-spacing:-0.2px;white-space:nowrap">American </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:1232.46px;letter-spacing:-0.16px;white-space:nowrap">Depositary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:2051.6px;letter-spacing:-0.55px;white-space:nowrap">Receipt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:2630.54px;white-space:nowrap">(See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:2984.39px;letter-spacing:-0.35px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:3380.16px;white-space:nowrap">E </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:3508.83px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:3682.76px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:3965.07px;letter-spacing:-0.29px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:4430.45px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:4622.4px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:4904.71px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8390px;left:5580.41px;letter-spacing:-0.72px;white-space:nowrap">Statements)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:0px;white-space:nowrap">GDR:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:504.2px;white-space:nowrap">Global </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:1009.4px;letter-spacing:-0.16px;white-space:nowrap">Depositary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:1828.54px;letter-spacing:-0.55px;white-space:nowrap">Receipt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:2407.47px;white-space:nowrap">(See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:2761.32px;letter-spacing:-0.35px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:3157.09px;white-space:nowrap">E </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:3285.76px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:3459.7px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:3742px;letter-spacing:-0.29px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:4207.38px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:4399.34px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:4681.64px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8637px;left:5357.34px;letter-spacing:-0.72px;white-space:nowrap">Statements)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8884px;left:0px;letter-spacing:-2.64px;white-space:nowrap">PJSC:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8884px;left:504.2px;letter-spacing:-0.25px;white-space:nowrap">Public </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8884px;left:977.58px;letter-spacing:-0.29px;white-space:nowrap">Joint </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8884px;left:1359.02px;letter-spacing:-0.29px;white-space:nowrap">Stock </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8884px;left:1788.37px;letter-spacing:-0.5px;white-space:nowrap">Company</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">15 </div></div>
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		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:515.61px;left:0px;position:absolute;top:0px;transform:translate(28.800px,26.764px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10251.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.04px) rotate(0deg) scale(0.05)">











































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:0px;white-space:nowrap">(e) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:237.22px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:537.28px;white-space:nowrap">Schedule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:1234.16px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:1422.51px;letter-spacing:-0.73px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:2342.37px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:2588.38px;text-rendering:optimizeLegibility;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:3349.86px;letter-spacing:-0.39px;white-space:nowrap">detailed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:3975.29px;text-rendering:optimizeLegibility;letter-spacing:-0.76px;white-space:nowrap">categorizations</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6664.5px;left:5063.29px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:40px;left:0px;letter-spacing:-1.15px;white-space:nowrap">Fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:40px;left:368.01px;letter-spacing:-1.93px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:40px;left:901.73px;letter-spacing:-0.36px;white-space:nowrap">Measurements</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:0px;letter-spacing:-1.26px;white-space:nowrap">Various </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:573.84px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:1063.56px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:1337.34px;white-space:nowrap">used </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:1723.62px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:1897.56px;letter-spacing:-0.22px;white-space:nowrap">determining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:2821.46px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:3103.77px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:3527.93px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:3716.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:3998.58px;letter-spacing:-1.63px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:4504.83px;letter-spacing:-0.68px;white-space:nowrap">investments. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:5464.51px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:381.5px;left:5933.23px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:0px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:273.78px;letter-spacing:-0.4px;white-space:nowrap">summarized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:1197.77px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:1371.71px;letter-spacing:-0.44px;white-space:nowrap">three </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:1802.37px;letter-spacing:-0.59px;white-space:nowrap">broad </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:2267.23px;letter-spacing:-0.33px;white-space:nowrap">levels. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:2755.46px;letter-spacing:-0.44px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:3165.73px;white-space:nowrap">1 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:3297.66px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:3933.46px;letter-spacing:-0.25px;white-space:nowrap">quoted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:4494.9px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:4966px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:5139.93px;text-rendering:optimizeLegibility;letter-spacing:-0.25px;white-space:nowrap">active </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:597.5px;left:5605.75px;letter-spacing:-0.88px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:0px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:246.01px;text-rendering:optimizeLegibility;letter-spacing:-0.35px;white-space:nowrap">identical </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:897.36px;text-rendering:optimizeLegibility;white-space:nowrap">securities. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:1668.52px;letter-spacing:-0.44px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:2078.79px;white-space:nowrap">2 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:2210.71px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:2846.51px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:3284.74px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:4055.71px;letter-spacing:-0.16px;white-space:nowrap">observable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:4888.74px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:813.5px;left:5378.47px;white-space:nowrap">(including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:0px;letter-spacing:-0.25px;white-space:nowrap">quoted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:561.45px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:1032.54px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:1278.54px;white-space:nowrap">similar </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:1797.19px;text-rendering:optimizeLegibility;white-space:nowrap">securities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:2568.34px;letter-spacing:-0.93px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:3161.78px;letter-spacing:-1px;white-space:nowrap">rates, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:3603.96px;letter-spacing:-0.72px;white-space:nowrap">prepayment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:4522.85px;white-space:nowrap">speeds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:5067.69px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:5380.14px;letter-spacing:-0.38px;white-space:nowrap">credit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1029.5px;left:5838.13px;white-space:nowrap">risk). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:410.27px;white-space:nowrap">3 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:542.2px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:1178px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:1948.97px;letter-spacing:-0.14px;white-space:nowrap">unobservable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:2969.03px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:3458.76px;white-space:nowrap">(including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:4207.41px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:4489.72px;letter-spacing:-1.63px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:4995.97px;letter-spacing:-0.22px;white-space:nowrap">own </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:5348.94px;text-rendering:optimizeLegibility;letter-spacing:-0.07px;white-space:nowrap">assumptions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1245.5px;left:6296.57px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:0px;letter-spacing:-0.22px;white-space:nowrap">determining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:923.91px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:1206.21px;letter-spacing:-0.79px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:1483.24px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:1907.4px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:2095.75px;letter-spacing:-0.63px;white-space:nowrap">investments). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:3109.22px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:3419.38px;letter-spacing:-0.44px;white-space:nowrap">level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:3793.97px;white-space:nowrap">assigned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:4458.69px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:4650.64px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:4932.95px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1461.5px;left:5660.07px;text-rendering:optimizeLegibility;letter-spacing:-0.4px;white-space:nowrap">valuations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:0px;letter-spacing:-0.88px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:343.65px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:630.88px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:854.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:1072.97px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">indication </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:1822.76px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:2011.11px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:2293.42px;white-space:nowrap">risk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:2584.86px;letter-spacing:-0.32px;white-space:nowrap">associated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:3382.47px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:3741.33px;text-rendering:optimizeLegibility;letter-spacing:-0.7px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:4421.34px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:4595.27px;white-space:nowrap">those </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1677.5px;left:5041.05px;text-rendering:optimizeLegibility;white-space:nowrap">securities.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:310.17px;letter-spacing:-0.53px;white-space:nowrap">following </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:1009.95px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:1159.98px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:1285.4px;letter-spacing:0.11px;white-space:nowrap">summary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:2001.01px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:2189.36px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:2471.66px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:2961.39px;white-space:nowrap">used </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:3347.67px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:3542.7px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:3731.04px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:4108.18px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:4375.37px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:4780.99px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:4954.92px;letter-spacing:-0.33px;white-space:nowrap">valuing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:5507.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2107.5px;left:5790.06px;letter-spacing:-1.63px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:0px;letter-spacing:-0.68px;white-space:nowrap">investments. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:959.68px;letter-spacing:-0.66px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:1236.45px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:2125.02px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:2353.1px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:2635.4px;letter-spacing:-1.63px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:3141.65px;white-space:nowrap">policy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:3605.1px;letter-spacing:-0.88px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:4330.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:4612.59px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:5315.63px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2323.5px;left:5503.97px;letter-spacing:-0.73px;white-space:nowrap">investments,</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:0px;white-space:nowrap">please </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:506.16px;letter-spacing:-1.61px;white-space:nowrap">refer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:892.97px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:1084.92px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:1367.23px;white-space:nowrap">Security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:1988.7px;text-rendering:optimizeLegibility;letter-spacing:-1.19px;white-space:nowrap">Valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:2704.83px;text-rendering:optimizeLegibility;white-space:nowrap">section </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:3265.49px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:3453.84px;letter-spacing:-0.35px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:3849.61px;white-space:nowrap">A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:3991.73px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:4165.66px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:4447.97px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:5526.21px;letter-spacing:-0.29px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:5991.59px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2539.5px;left:6183.54px;white-space:nowrap">the</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2755.5px;left:0px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2755.5px;left:675.7px;letter-spacing:-0.72px;white-space:nowrap">Statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3185.5px;left:0px;letter-spacing:-0.21px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3185.5px;left:2354.65px;letter-spacing:-0.42px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3185.5px;left:2779.52px;white-space:nowrap">1</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3185.5px;left:3491.65px;letter-spacing:-0.42px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3185.5px;left:3916.52px;white-space:nowrap">2</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3185.5px;left:4629.65px;letter-spacing:-0.42px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3185.5px;left:5054.52px;white-space:nowrap">3</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3185.5px;left:5844.18px;letter-spacing:-3.46px;white-space:nowrap">Total</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3400.5px;left:0px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3400.5px;left:703.04px;letter-spacing:-0.5px;white-space:nowrap">Stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3400.5px;left:1200.23px;white-space:nowrap">(e) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:180px;letter-spacing:-0.66px;white-space:nowrap">Poland</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:2044.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:2252.29px;letter-spacing:0px;white-space:nowrap">59,469,752</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:3181.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:4318.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:5457.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3615.5px;left:5665.29px;letter-spacing:0px;white-space:nowrap">59,469,752</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3830.5px;left:180px;letter-spacing:-0.38px;white-space:nowrap">Hungary</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3830.5px;left:2252.29px;letter-spacing:0px;white-space:nowrap">16,931,574</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3830.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3830.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3830.5px;left:5665.29px;letter-spacing:0px;white-space:nowrap">16,931,574</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4045.5px;left:180px;letter-spacing:-0.73px;white-space:nowrap">Czech </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4045.5px;left:642.48px;letter-spacing:-0.44px;white-space:nowrap">Republic</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4045.5px;left:2343.52px;letter-spacing:0px;white-space:nowrap">2,479,171</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4045.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4045.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4045.5px;left:5756.52px;letter-spacing:0px;white-space:nowrap">2,479,171</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4260.5px;left:180px;letter-spacing:-0.5px;white-space:nowrap">Moldova</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4260.5px;left:2343.52px;letter-spacing:0px;white-space:nowrap">2,406,849</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4260.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4260.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4260.5px;left:5756.52px;letter-spacing:0px;white-space:nowrap">2,406,849</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4475.5px;left:180px;letter-spacing:-0.93px;white-space:nowrap">Portugal</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4475.5px;left:2343.52px;letter-spacing:0px;white-space:nowrap">1,817,903</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4475.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4475.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4475.5px;left:5756.52px;letter-spacing:0px;white-space:nowrap">1,817,903</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690.5px;left:180px;letter-spacing:-0.08px;white-space:nowrap">Netherlands</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690.5px;left:2343.52px;letter-spacing:0px;white-space:nowrap">1,126,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690.5px;left:5756.52px;letter-spacing:0px;white-space:nowrap">1,126,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4905.5px;left:180px;letter-spacing:-3.22px;white-space:nowrap">Turkey</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4905.5px;left:2343.52px;letter-spacing:0px;white-space:nowrap">1,108,210</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4905.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4905.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4905.5px;left:5756.52px;letter-spacing:0px;white-space:nowrap">1,108,210</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5120.5px;left:180px;letter-spacing:-1.19px;white-space:nowrap">Kazakhstan</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5120.5px;left:2478.78px;white-space:nowrap">281,250</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5120.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5120.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5120.5px;left:5891.78px;white-space:nowrap">281,250</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5335.5px;left:180px;letter-spacing:-0.59px;white-space:nowrap">France</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5335.5px;left:2661.24px;white-space:nowrap">5,817</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5335.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5335.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5335.5px;left:6074.24px;white-space:nowrap">5,817</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5550.5px;left:180px;letter-spacing:-0.31px;white-space:nowrap">Austria</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5550.5px;left:2661.24px;white-space:nowrap">5,180</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5550.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5550.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5550.5px;left:6074.24px;white-space:nowrap">5,180</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5765.5px;left:180px;white-space:nowrap">Russia</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5765.5px;left:2907.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5765.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5765.5px;left:5252.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5765.5px;left:6391.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5968.5px;left:0px;letter-spacing:-2.04px;white-space:nowrap">Short-Term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5968.5px;left:843.84px;letter-spacing:-0.33px;white-space:nowrap">Instruments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5968.5px;left:1755.97px;white-space:nowrap">(e)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5968.5px;left:2343.52px;letter-spacing:0px;white-space:nowrap">9,756,850</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5968.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5968.5px;left:5181.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5968.5px;left:5756.52px;letter-spacing:0px;white-space:nowrap">9,756,850</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:0px;letter-spacing:-3.46px;white-space:nowrap">Total</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:2044.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:2247.54px;letter-spacing:0px;white-space:nowrap">95,388,556</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:3181.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:4044.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:4318.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:5252.97px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:5457.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6183.5px;left:5660.54px;letter-spacing:0px;white-space:nowrap">95,388,556</div></div>
		</div>


</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-1.38px;white-space:nowrap">Statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1546.6px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1913.83px;letter-spacing:-0.33px;white-space:nowrap">Assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:2890.33px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:3499.94px;text-rendering:optimizeLegibility;white-space:nowrap">Liabilities</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">16 </div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:485.78px;left:0px;position:absolute;top:0px;transform:translate(28.800px,56.600px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9675.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">





















































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:0px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:195.03px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:383.38px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:760.52px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1027.71px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1433.32px;letter-spacing:-0.16px;white-space:nowrap">(Unaudited)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:459px;left:0px;letter-spacing:-0.21px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:0px;letter-spacing:-0.73px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:919.86px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:1093.8px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">non-affiliated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:2099px;text-rendering:optimizeLegibility;white-space:nowrap">securities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:2870.16px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:3052.97px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:3477.13px;letter-spacing:-0.66px;white-space:nowrap">(cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:3866.84px;white-space:nowrap">$87,825,136) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:708px;left:4870.46px;white-space:nowrap">&#8212; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:924px;left:0px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:924px;left:694.86px;white-space:nowrap">$5,770,719 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:924px;left:1553.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:924px;left:1741.82px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:924px;left:2468.94px;white-space:nowrap">loaned</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:816px;left:5207.97px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:816px;left:5705.29px;letter-spacing:0px;white-space:nowrap">85,631,706</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1174px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1174px;left:850.25px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1174px;left:1024.19px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1174px;left:1412.4px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1174px;left:1972.27px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1174px;left:2357.14px;letter-spacing:-0.28px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1174px;left:3367.09px;letter-spacing:-0.4px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1174px;left:4317.89px;white-space:nowrap">Fund</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1409px;left:0px;letter-spacing:-0.66px;white-space:nowrap">(cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1409px;left:389.71px;white-space:nowrap">$3,300,921)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1409px;left:5796.52px;white-space:nowrap">3,300,921</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1644px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1644px;left:850.25px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1644px;left:1024.19px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1644px;left:1412.4px;letter-spacing:-0.4px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1644px;left:2363.2px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1644px;left:2524.48px;letter-spacing:-0.19px;white-space:nowrap">Agency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1644px;left:3088.04px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1644px;left:3827.02px;text-rendering:optimizeLegibility;letter-spacing:-0.93px;white-space:nowrap">Portfolio</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1924px;left:0px;letter-spacing:-0.66px;white-space:nowrap">(cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1924px;left:389.71px;white-space:nowrap">$6,455,929)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:139.9px;font-weight:300;position:absolute;top:1874.14px;left:1261.41px;white-space:nowrap">*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1901.5px;left:5796.52px;white-space:nowrap">6,455,929</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2173px;left:0px;letter-spacing:-0.66px;white-space:nowrap">Foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2173px;left:580.69px;letter-spacing:-1.67px;white-space:nowrap">currency, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2173px;left:1281.27px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2173px;left:1464.08px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2173px;left:1888.24px;letter-spacing:-0.66px;white-space:nowrap">(cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2173px;left:2277.95px;white-space:nowrap">$526,360)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2173px;left:5931.78px;white-space:nowrap">528,707</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2437px;left:0px;white-space:nowrap">Dividends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2437px;left:747.69px;letter-spacing:-0.53px;white-space:nowrap">receivable</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2437px;left:6249.51px;white-space:nowrap">387</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2701px;left:0px;letter-spacing:-0.66px;white-space:nowrap">Foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2701px;left:580.69px;letter-spacing:-1.54px;white-space:nowrap">taxes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2701px;left:989.91px;letter-spacing:-0.96px;white-space:nowrap">recoverable</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2701px;left:5931.78px;white-space:nowrap">266,438</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2965px;left:0px;letter-spacing:-0.93px;white-space:nowrap">Interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2965px;left:597.66px;letter-spacing:-0.53px;white-space:nowrap">receivable</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2965px;left:6023.01px;white-space:nowrap">14,041</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3229px;left:0px;white-space:nowrap">Other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3229px;left:462.13px;letter-spacing:-0.15px;white-space:nowrap">assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3229px;left:6023.01px;white-space:nowrap">30,843</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3493px;left:0px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3493px;left:386.28px;letter-spacing:-0.15px;white-space:nowrap">assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3493px;left:5705.29px;letter-spacing:0px;white-space:nowrap">96,228,972</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4021px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Liabilities</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4285px;left:0px;letter-spacing:-1.26px;white-space:nowrap">Payable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4285px;left:593px;white-space:nowrap">upon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4285px;left:1008.11px;letter-spacing:-0.5px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4285px;left:1504.51px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4285px;left:1692.86px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4285px;left:2419.98px;white-space:nowrap">loaned</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4285px;left:5796.52px;white-space:nowrap">6,455,929</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4549px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4549px;left:850.25px;letter-spacing:0.1px;white-space:nowrap">advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4549px;left:1493.88px;letter-spacing:-1.32px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4549px;left:1760.98px;letter-spacing:-0.88px;white-space:nowrap">payable</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4549px;left:6023.01px;white-space:nowrap">26,022</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4813px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.5px;white-space:nowrap">Administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4813px;left:1103.91px;letter-spacing:-1.32px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4813px;left:1371.01px;letter-spacing:-0.88px;white-space:nowrap">payable</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4813px;left:6023.01px;white-space:nowrap">13,878</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5077px;left:0px;letter-spacing:-1.26px;white-space:nowrap">Payable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5077px;left:593px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5077px;left:839px;letter-spacing:-0.72px;white-space:nowrap">Directors&#39; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5077px;left:1571.48px;letter-spacing:-1.05px;white-space:nowrap">fees </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5077px;left:1908.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5077px;left:2220.64px;letter-spacing:-0.33px;white-space:nowrap">expenses</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5077px;left:6114.24px;white-space:nowrap">3,320</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5341px;left:0px;white-space:nowrap">Accrued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5341px;left:633.25px;letter-spacing:-0.29px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5341px;left:1339.72px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5341px;left:1652.17px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5341px;left:2090.39px;text-rendering:optimizeLegibility;white-space:nowrap">liabilities</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5341px;left:5931.78px;white-space:nowrap">113,576</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5605px;left:0px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5605px;left:386.28px;text-rendering:optimizeLegibility;white-space:nowrap">liabilities</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5605px;left:5796.52px;white-space:nowrap">6,612,725</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5869px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5869px;left:311.04px;letter-spacing:-0.21px;white-space:nowrap">assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5869px;left:5207.97px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5869px;left:5700.54px;letter-spacing:0px;white-space:nowrap">89,616,247</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6397px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6397px;left:311.04px;letter-spacing:-0.18px;white-space:nowrap">Assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6397px;left:828.02px;letter-spacing:-0.25px;white-space:nowrap">Consist </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6397px;left:1405.55px;white-space:nowrap">of</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6661px;left:0px;letter-spacing:-0.35px;white-space:nowrap">Distributable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6661px;left:968.47px;white-space:nowrap">earnings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6661px;left:1625.63px;white-space:nowrap">(loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6661px;left:5651.5px;letter-spacing:0px;white-space:nowrap">(92,247,033)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6925px;left:0px;letter-spacing:-0.49px;white-space:nowrap">Paid-in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6925px;left:534.46px;letter-spacing:-0.63px;white-space:nowrap">capital</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6925px;left:5614.06px;letter-spacing:0px;white-space:nowrap">181,863,280</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7189px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7189px;left:311.04px;letter-spacing:-0.21px;white-space:nowrap">assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7189px;left:5207.97px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7189px;left:5700.54px;letter-spacing:0px;white-space:nowrap">89,616,247</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7717px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7717px;left:311.04px;letter-spacing:-0.21px;white-space:nowrap">Asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7717px;left:756.21px;letter-spacing:-1.99px;white-space:nowrap">Value</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7981px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7981px;left:311.04px;letter-spacing:-0.18px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7981px;left:807.8px;letter-spacing:-0.44px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7981px;left:1251.3px;white-space:nowrap">per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7981px;left:1536.5px;letter-spacing:-0.44px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:0px;white-space:nowrap">($89,616,247 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:1003.62px;white-space:nowrap">&#247; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:1133.96px;white-space:nowrap">6,458,365 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:1901.34px;letter-spacing:-0.38px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:2407.85px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:2596.2px;letter-spacing:-0.25px;white-space:nowrap">common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:3277.71px;letter-spacing:-0.66px;white-space:nowrap">stock </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:3692.99px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8213px;left:4188.6px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8429px;left:0px;letter-spacing:-0.24px;white-space:nowrap">outstanding, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8429px;left:946.32px;white-space:nowrap">$.001 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8429px;left:1395.97px;white-space:nowrap">par </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8429px;left:1676.95px;letter-spacing:-0.38px;white-space:nowrap">value, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8429px;left:2145.15px;white-space:nowrap">80,000,000 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8429px;left:3003.75px;letter-spacing:-0.38px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8429px;left:3510.26px;letter-spacing:-0.4px;white-space:nowrap">authorized)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8429px;left:5207.97px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8429px;left:6110.2px;white-space:nowrap">13.88</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8940px;left:0px;white-space:nowrap">*&#160;&#160; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8940px;left:211.73px;letter-spacing:-0.72px;white-space:nowrap">Represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8940px;left:1054.6px;letter-spacing:-0.35px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8940px;left:1417.94px;letter-spacing:-0.8px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8940px;left:2119.04px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8940px;left:2347.12px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8940px;left:3074.24px;white-space:nowrap">loaned.</div></div>
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		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.799px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-1.38px;white-space:nowrap">Statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1546.6px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1913.83px;text-rendering:optimizeLegibility;letter-spacing:-1.06px;white-space:nowrap">Operations</div></div>
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		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">17 </div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:487.31px;left:0px;position:absolute;top:0px;transform:translate(28.800px,56.112px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9675.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.49px) rotate(0deg) scale(0.05)">
































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:0px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:246.01px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:528.31px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:753.66px;letter-spacing:-0.25px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1344.64px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:1843.77px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:2220.91px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:2488.1px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:40px;left:2893.71px;letter-spacing:-0.16px;white-space:nowrap">(Unaudited)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:514px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:514px;left:311.04px;letter-spacing:-0.72px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:514px;left:1194.43px;letter-spacing:-0.15px;white-space:nowrap">Income</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:778px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Income:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:0px;white-space:nowrap">Dividends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:747.69px;letter-spacing:-0.18px;white-space:nowrap">(net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:1082.9px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:1271.25px;letter-spacing:-0.88px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:1821.18px;white-space:nowrap">withholding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:2718.28px;letter-spacing:-1.54px;white-space:nowrap">taxes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:3127.5px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:3315.85px;white-space:nowrap">$29,660)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:5207.97px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1042px;left:5931.78px;white-space:nowrap">175,969</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1306px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1306px;left:578.14px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1306px;left:1521.91px;white-space:nowrap">&#8212; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1306px;left:1725.56px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1306px;left:2113.77px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1306px;left:2673.63px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1306px;left:3058.51px;letter-spacing:-0.28px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1306px;left:4068.46px;letter-spacing:-0.4px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1522px;left:0px;white-space:nowrap">Fund</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1522px;left:6023.01px;white-space:nowrap">48,258</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1786px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1786px;left:738.98px;white-space:nowrap">lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1786px;left:1313px;letter-spacing:-0.22px;white-space:nowrap">income, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1786px;left:1930.96px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1786px;left:2212.38px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1786px;left:2400.73px;letter-spacing:-0.68px;white-space:nowrap">borrower </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1786px;left:3117.39px;letter-spacing:-0.88px;white-space:nowrap">rebates</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1786px;left:6023.01px;white-space:nowrap">21,436</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2050px;left:0px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2050px;left:386.28px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2050px;left:1232.31px;letter-spacing:-0.29px;white-space:nowrap">income</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2050px;left:5931.78px;white-space:nowrap">245,663</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2314px;left:0px;white-space:nowrap">Expenses:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2578px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2578px;left:850.25px;letter-spacing:0.1px;white-space:nowrap">advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2578px;left:1493.88px;letter-spacing:-1.76px;white-space:nowrap">fee</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2578px;left:5931.78px;white-space:nowrap">283,108</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2842px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.5px;white-space:nowrap">Administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2842px;left:1103.91px;letter-spacing:-1.76px;white-space:nowrap">fee</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2842px;left:6023.01px;white-space:nowrap">75,496</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3106px;left:0px;letter-spacing:-0.49px;white-space:nowrap">Custody </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3106px;left:622.09px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3106px;left:934.54px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3106px;left:1765.81px;letter-spacing:-1.76px;white-space:nowrap">fee</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3106px;left:6023.01px;white-space:nowrap">58,660</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3370px;left:0px;letter-spacing:0.2px;white-space:nowrap">Services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3370px;left:628.95px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3370px;left:820.9px;letter-spacing:-0.51px;white-space:nowrap">shareholders</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3370px;left:6114.24px;white-space:nowrap">5,896</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3634px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Reports </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3634px;left:600.12px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3634px;left:792.07px;letter-spacing:-0.47px;white-space:nowrap">shareholders </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3634px;left:1766.69px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3634px;left:2079.14px;letter-spacing:-0.22px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3634px;left:2987.67px;text-rendering:optimizeLegibility;letter-spacing:-0.11px;white-space:nowrap">meeting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3634px;left:3623.12px;letter-spacing:-0.33px;white-space:nowrap">expenses</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3634px;left:6023.01px;white-space:nowrap">21,782</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3898px;left:0px;letter-spacing:-0.72px;white-space:nowrap">Directors&#39; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3898px;left:732.48px;letter-spacing:-1.05px;white-space:nowrap">fees </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3898px;left:1069.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3898px;left:1381.64px;letter-spacing:-0.33px;white-space:nowrap">expenses</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3898px;left:6023.01px;white-space:nowrap">40,182</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4162px;left:0px;letter-spacing:-0.59px;white-space:nowrap">Legal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4162px;left:410.36px;letter-spacing:-1.32px;white-space:nowrap">fees</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4162px;left:6023.01px;white-space:nowrap">70,463</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4426px;left:0px;white-space:nowrap">Audit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4426px;left:428.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4426px;left:740.48px;letter-spacing:-1.1px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4426px;left:995.98px;letter-spacing:-1.32px;white-space:nowrap">fees</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4426px;left:6023.01px;white-space:nowrap">27,512</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690px;left:0px;letter-spacing:-0.18px;white-space:nowrap">NYSE </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690px;left:408.6px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">listing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690px;left:871.52px;letter-spacing:-1.76px;white-space:nowrap">fee</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4690px;left:6023.01px;white-space:nowrap">11,771</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4954px;left:0px;letter-spacing:-0.39px;white-space:nowrap">Insurance</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4954px;left:6023.01px;white-space:nowrap">11,715</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5218px;left:0px;white-space:nowrap">Miscellaneous</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5218px;left:6023.01px;white-space:nowrap">18,088</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5482px;left:0px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5482px;left:386.28px;letter-spacing:-0.29px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5482px;left:1092.74px;letter-spacing:-1.26px;white-space:nowrap">before </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5482px;left:1605.76px;letter-spacing:-0.33px;white-space:nowrap">expense </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5482px;left:2242.62px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">reductions</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5482px;left:5931.78px;white-space:nowrap">624,673</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5746px;left:0px;white-space:nowrap">Expense </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5746px;left:638.53px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">reductions</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5746px;left:5877.99px;white-space:nowrap">(141,554)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6010px;left:0px;letter-spacing:-3.15px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6010px;left:386.28px;letter-spacing:-0.29px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6010px;left:1092.74px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">after </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6010px;left:1475.33px;letter-spacing:-0.33px;white-space:nowrap">expense </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6010px;left:2112.19px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">reductions</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6010px;left:5931.78px;white-space:nowrap">483,119</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6274px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6274px;left:311.04px;letter-spacing:-0.72px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6274px;left:1190.65px;white-space:nowrap">loss</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6274px;left:5873.34px;white-space:nowrap">(237,456)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6753px;left:0px;letter-spacing:-0.66px;white-space:nowrap">Realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6753px;left:662.7px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6753px;left:985.43px;letter-spacing:-0.49px;white-space:nowrap">Unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6753px;left:1825.49px;white-space:nowrap">Gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6753px;left:2210.54px;white-space:nowrap">(Loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7017px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7017px;left:302.78px;letter-spacing:-0.78px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7017px;left:904.92px;letter-spacing:-0.7px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7017px;left:1244.44px;white-space:nowrap">(loss) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7017px;left:1665.53px;letter-spacing:-0.7px;white-space:nowrap">from:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7281px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Investments</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7281px;left:5742.73px;letter-spacing:0px;white-space:nowrap">(4,597,167)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7545px;left:0px;letter-spacing:-0.66px;white-space:nowrap">Foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7545px;left:580.69px;letter-spacing:-0.33px;white-space:nowrap">currency</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7545px;left:5969.23px;white-space:nowrap">(37,876)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7809px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7809px;left:302.78px;letter-spacing:-0.78px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7809px;left:904.92px;letter-spacing:-0.7px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7809px;left:1244.44px;white-space:nowrap">(loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7809px;left:5742.73px;letter-spacing:0px;white-space:nowrap">(4,635,043)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8073px;left:0px;letter-spacing:-0.19px;white-space:nowrap">Change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8073px;left:580.78px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8073px;left:754.72px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8073px;left:1036.14px;letter-spacing:-0.64px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8073px;left:1825.31px;text-rendering:optimizeLegibility;letter-spacing:-0.34px;white-space:nowrap">appreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8073px;left:2770.22px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">(depreciation) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8073px;left:3826.93px;white-space:nowrap">on:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8337px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Investments</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8337px;left:5705.29px;letter-spacing:0px;white-space:nowrap">25,116,694</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8601px;left:0px;letter-spacing:-0.66px;white-space:nowrap">Foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8601px;left:580.69px;letter-spacing:-0.33px;white-space:nowrap">currency</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8601px;left:6023.01px;white-space:nowrap">38,345</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8865px;left:0px;letter-spacing:-0.19px;white-space:nowrap">Change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8865px;left:580.78px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8865px;left:754.72px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8865px;left:1036.14px;letter-spacing:-0.64px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8865px;left:1825.31px;text-rendering:optimizeLegibility;letter-spacing:-0.34px;white-space:nowrap">appreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8865px;left:2770.22px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">(depreciation)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8865px;left:5705.29px;letter-spacing:0px;white-space:nowrap">25,155,039</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9129px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9129px;left:311.04px;letter-spacing:-0.62px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9129px;left:663.66px;white-space:nowrap">(loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9129px;left:5700.54px;letter-spacing:0px;white-space:nowrap">20,519,996</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:0px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:311.04px;letter-spacing:-0.22px;white-space:nowrap">increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:971.72px;letter-spacing:-0.18px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:1790.95px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:1972.44px;letter-spacing:-0.31px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:2261.51px;letter-spacing:-0.18px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:2758.27px;text-rendering:optimizeLegibility;letter-spacing:-0.2px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:3451.46px;letter-spacing:-0.44px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:3854.09px;text-rendering:optimizeLegibility;letter-spacing:-0.56px;white-space:nowrap">operations</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:5207.97px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9393px;left:5700.54px;letter-spacing:0px;white-space:nowrap">20,282,540</div></div>
		</div>


</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.800px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-1.25px;white-space:nowrap">Statements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1682.24px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:2049.46px;letter-spacing:-0.46px;white-space:nowrap">Changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:3303.38px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:3646.2px;letter-spacing:-0.58px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:4233.73px;letter-spacing:-0.39px;white-space:nowrap">Assets</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">18 </div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:485.78px;left:0px;position:absolute;top:0px;transform:translate(28.800px,56.600px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9675.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">




















































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:705px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:705px;left:664.45px;letter-spacing:-0.18px;white-space:nowrap">(Decrease) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:705px;left:1500.56px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:705px;left:1682.05px;letter-spacing:-0.31px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:705px;left:1993.1px;letter-spacing:-0.21px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:57px;left:4234.95px;white-space:nowrap">Six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:57px;left:4487.64px;letter-spacing:-0.24px;white-space:nowrap">Months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:273px;left:4417.1px;white-space:nowrap">Ended</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:489px;left:4134.58px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:489px;left:4533.34px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:489px;left:4802.9px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:705px;left:4201.24px;letter-spacing:-0.2px;white-space:nowrap">(Unaudited)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:273px;left:5531.48px;letter-spacing:-2.88px;white-space:nowrap">Year </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:273px;left:5894.73px;white-space:nowrap">Ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:489px;left:5509.59px;letter-spacing:-0.22px;white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:489px;left:6155.94px;white-space:nowrap">31,</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:705px;left:5764.74px;white-space:nowrap">2024</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:979px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">Operations:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1243px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1243px;left:302.78px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1243px;left:1148.82px;letter-spacing:-0.25px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1243px;left:1722.74px;white-space:nowrap">(loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1243px;left:4003.2px;white-space:nowrap">&#160;&#160;$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1243px;left:4588.99px;letter-spacing:0px;white-space:nowrap">(237,456)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1243px;left:5299.2px;white-space:nowrap">&#160;&#160;$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1243px;left:5803.52px;white-space:nowrap">2,188,035</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1507px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1507px;left:302.78px;letter-spacing:-0.78px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1507px;left:904.92px;letter-spacing:-0.7px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1507px;left:1244.44px;white-space:nowrap">(loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1507px;left:4453.73px;letter-spacing:0px;white-space:nowrap">(4,635,043)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1507px;left:5658.5px;letter-spacing:0px;white-space:nowrap">(15,099,139)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1771px;left:0px;letter-spacing:-0.19px;white-space:nowrap">Change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1771px;left:580.78px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1771px;left:754.72px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1771px;left:1036.14px;letter-spacing:-0.64px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1771px;left:1825.31px;text-rendering:optimizeLegibility;letter-spacing:-0.34px;white-space:nowrap">appreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1771px;left:2770.22px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">(depreciation) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1771px;left:4416.29px;white-space:nowrap">25,155,039</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1771px;left:5712.29px;white-space:nowrap">30,910,602</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2035px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2035px;left:302.78px;letter-spacing:-0.29px;white-space:nowrap">increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2035px;left:944.91px;letter-spacing:-0.24px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2035px;left:1743.84px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2035px;left:1917.77px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2035px;left:2199.2px;letter-spacing:-0.13px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2035px;left:2680.66px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2035px;left:3347.93px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2251px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.53px;white-space:nowrap">operations</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2251px;left:4416.29px;white-space:nowrap">20,282,540</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2251px;left:5712.29px;white-space:nowrap">17,999,498</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2515px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">Distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2515px;left:959.5px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2515px;left:1151.46px;letter-spacing:-0.51px;white-space:nowrap">shareholders</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2515px;left:4453.73px;letter-spacing:0px;white-space:nowrap">(2,258,929)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2515px;left:5749.73px;letter-spacing:0px;white-space:nowrap">(2,300,273)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2779px;left:0px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2779px;left:404.03px;letter-spacing:-0.44px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2779px;left:840.94px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">transactions:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3043px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3043px;left:302.78px;letter-spacing:-0.39px;white-space:nowrap">proceeds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3043px;left:1006.96px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3043px;left:1396.23px;letter-spacing:-0.88px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3043px;left:2390.63px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3043px;left:2578.97px;text-rendering:optimizeLegibility;letter-spacing:-0.17px;white-space:nowrap">distributions</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3043px;left:4642.78px;white-space:nowrap">785,103</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3043px;left:5938.78px;white-space:nowrap">923,591</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:302.78px;letter-spacing:-0.29px;white-space:nowrap">increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:944.91px;letter-spacing:-0.24px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:1743.84px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:1917.77px;letter-spacing:-0.22px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:2199.2px;letter-spacing:-0.13px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:2680.66px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:3069.93px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3307px;left:3473.96px;letter-spacing:-0.44px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3523px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">transactions</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3523px;left:4642.78px;white-space:nowrap">785,103</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3523px;left:5938.78px;white-space:nowrap">923,591</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3787px;left:0px;letter-spacing:-2.89px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3787px;left:404.74px;letter-spacing:-0.22px;white-space:nowrap">increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3787px;left:1065.41px;letter-spacing:-0.18px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3787px;left:1884.64px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3787px;left:2066.13px;letter-spacing:-0.31px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3787px;left:2355.21px;letter-spacing:-0.21px;white-space:nowrap">assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3787px;left:4416.29px;white-space:nowrap">18,808,714</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3787px;left:5712.29px;white-space:nowrap">16,622,816</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4051px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4051px;left:302.78px;letter-spacing:-0.13px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4051px;left:784.25px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4051px;left:967.06px;white-space:nowrap">beginning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4051px;left:1718.96px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4051px;left:1907.31px;white-space:nowrap">period</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4051px;left:4416.29px;white-space:nowrap">70,807,533</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4051px;left:5712.29px;white-space:nowrap">54,184,717</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4315px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4315px;left:302.78px;letter-spacing:-0.13px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4315px;left:784.25px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4315px;left:967.06px;white-space:nowrap">end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4315px;left:1283.73px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4315px;left:1472.08px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4315px;left:4003.2px;white-space:nowrap">&#160;&#160;$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4315px;left:4411.54px;white-space:nowrap">89,616,247</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4315px;left:5299.2px;white-space:nowrap">&#160;&#160;$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4315px;left:5707.54px;white-space:nowrap">70,807,533</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4843px;left:0px;white-space:nowrap">Other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4843px;left:476.02px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">Information</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5107px;left:0px;letter-spacing:-0.38px;white-space:nowrap">Shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5107px;left:518.38px;letter-spacing:-0.4px;white-space:nowrap">outstanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5107px;left:1418.91px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5107px;left:1601.72px;white-space:nowrap">beginning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5107px;left:2353.62px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5107px;left:2541.97px;white-space:nowrap">period</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5107px;left:4507.52px;white-space:nowrap">6,395,607</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5107px;left:5803.52px;white-space:nowrap">6,300,392</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5371px;left:0px;letter-spacing:-0.38px;white-space:nowrap">Shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5371px;left:518.38px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5371px;left:1013.99px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5371px;left:1403.26px;letter-spacing:-0.88px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5371px;left:2397.66px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5371px;left:2586.01px;text-rendering:optimizeLegibility;letter-spacing:-0.17px;white-space:nowrap">distributions</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5371px;left:4734.01px;white-space:nowrap">62,758</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5371px;left:6030.01px;white-space:nowrap">95,215</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5635px;left:0px;letter-spacing:-0.38px;white-space:nowrap">Shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5635px;left:518.38px;letter-spacing:-0.4px;white-space:nowrap">outstanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5635px;left:1418.91px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5635px;left:1601.72px;white-space:nowrap">end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5635px;left:1918.39px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5635px;left:2106.74px;white-space:nowrap">period</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5635px;left:4502.77px;white-space:nowrap">6,458,365</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5635px;left:5798.77px;white-space:nowrap">6,395,607</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.799px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1326.3px;letter-spacing:-0.32px;white-space:nowrap">Highlights</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">19 </div></div>
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		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:486.23px;left:0px;position:absolute;top:0px;transform:translate(28.800px,56.142px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9675.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.46px) rotate(0deg) scale(0.05)">

















































































































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:40px;left:2136.95px;white-space:nowrap">Six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:40px;left:2375.6px;letter-spacing:-15.53px;white-space:nowrap">Months&#160;&#160;&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:244px;left:1865.68px;white-space:nowrap">Ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:244px;left:2346.3px;white-space:nowrap">4/30/25</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:244px;left:3901.19px;letter-spacing:-2.61px;white-space:nowrap">Years </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:244px;left:4310px;white-space:nowrap">Ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:244px;left:4790.62px;letter-spacing:-0.21px;white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:244px;left:5401.06px;white-space:nowrap">31,</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:451.5px;left:2073.28px;letter-spacing:-6.07px;white-space:nowrap">(Unaudited)&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:451.5px;left:3117.88px;white-space:nowrap">2024</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:451.5px;left:3851.88px;white-space:nowrap">2023</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:451.5px;left:4585.88px;white-space:nowrap">2022</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:451.5px;left:5319.88px;white-space:nowrap">2021</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:451.5px;left:6054.88px;white-space:nowrap">2020</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:918px;left:0px;letter-spacing:-0.68px;white-space:nowrap">Per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:918px;left:272.18px;letter-spacing:-0.32px;white-space:nowrap">Share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:918px;left:710.21px;text-rendering:optimizeLegibility;letter-spacing:-0.53px;white-space:nowrap">Operating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:918px;left:1450.81px;letter-spacing:-0.48px;white-space:nowrap">Performance</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1174.5px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1174.5px;left:293.76px;letter-spacing:-0.19px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1174.5px;left:695.11px;letter-spacing:-0.36px;white-space:nowrap">value, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1174.5px;left:1157.79px;white-space:nowrap">beginning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1174.5px;left:1891.42px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1378.5px;left:0px;white-space:nowrap">period</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1371px;left:2245.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1378.5px;left:2336.43px;letter-spacing:0px;white-space:nowrap">11.07</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1371px;left:3053.81px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1378.5px;left:3145.04px;white-space:nowrap">8.60</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1371px;left:3787.81px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1378.5px;left:3879.04px;white-space:nowrap">5.96</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1371px;left:4447.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1378.5px;left:4538.43px;letter-spacing:0px;white-space:nowrap">35.19</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1371px;left:5181.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1378.5px;left:5272.43px;letter-spacing:0px;white-space:nowrap">22.01</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1371px;left:5915.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:1378.5px;left:6006.43px;letter-spacing:0px;white-space:nowrap">31.60</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:300;position:absolute;top:1635px;left:0px;letter-spacing:-0.18px;white-space:nowrap">Income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:300;position:absolute;top:1635px;left:535.15px;white-space:nowrap">(loss) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:300;position:absolute;top:1635px;left:930.19px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:300;position:absolute;top:1635px;left:1296.17px;letter-spacing:-0.64px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:300;position:absolute;top:1635px;left:2081.42px;text-rendering:optimizeLegibility;white-space:nowrap">operations:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1891.5px;left:180px;letter-spacing:-0.21px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1891.5px;left:465.96px;letter-spacing:-0.75px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1891.5px;left:1265px;letter-spacing:-0.24px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:180px;white-space:nowrap">(loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:99.1px;font-weight:300;position:absolute;top:2092.06px;left:539.26px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:2446.4px;letter-spacing:-2.34px;white-space:nowrap">(.04)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:3231.2px;white-space:nowrap">.34</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:3965.2px;white-space:nowrap">.29</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:4699.2px;white-space:nowrap">.31</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:5433.2px;white-space:nowrap">.90</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:6081.04px;white-space:nowrap">1</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:6167.2px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:6208.79px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2095.5px;left:6294.95px;white-space:nowrap">0</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2012.25px;left:6420.2px;white-space:nowrap">d</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2352px;left:180px;letter-spacing:-0.21px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2352px;left:465.96px;letter-spacing:-0.74px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2352px;left:1034.65px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2352px;left:1329.74px;letter-spacing:-0.6px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2556px;left:180px;letter-spacing:-0.66px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2556px;left:500.66px;white-space:nowrap">(loss) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2556px;left:898.35px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2556px;left:1113.75px;letter-spacing:-0.69px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:180px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:475.09px;letter-spacing:-0.83px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:994.47px;letter-spacing:-0.31px;white-space:nowrap">currency</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:2411.04px;white-space:nowrap">3.19</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:3145.04px;white-space:nowrap">2.49</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:3879.04px;white-space:nowrap">2.57</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:4476.08px;letter-spacing:-1.67px;white-space:nowrap">(28.64)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:5260.88px;letter-spacing:0px;white-space:nowrap">13.01</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2760px;left:6030.24px;letter-spacing:-1.95px;white-space:nowrap">(9.21)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:3016.5px;left:180px;letter-spacing:-2.73px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:3016.5px;left:562.25px;letter-spacing:-0.42px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:3016.5px;left:942.51px;letter-spacing:-0.68px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:3220.5px;left:360px;text-rendering:optimizeLegibility;letter-spacing:-0.53px;white-space:nowrap">operations</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3220.5px;left:2411.04px;white-space:nowrap">3.15</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3220.5px;left:3145.04px;white-space:nowrap">2.83</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3220.5px;left:3879.04px;white-space:nowrap">2.86</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3220.5px;left:4476.08px;letter-spacing:-1.67px;white-space:nowrap">(28.33)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3220.5px;left:5260.88px;letter-spacing:0px;white-space:nowrap">13.91</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3220.5px;left:6030.24px;letter-spacing:-1.95px;white-space:nowrap">(8.21)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:300;position:absolute;top:3477px;left:0px;white-space:nowrap">Less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:300;position:absolute;top:3477px;left:320.99px;text-rendering:optimizeLegibility;letter-spacing:-0.15px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:300;position:absolute;top:3477px;left:1199.88px;white-space:nowrap">from:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:180px;letter-spacing:-0.21px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:465.96px;letter-spacing:-0.75px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:1265px;letter-spacing:-0.28px;white-space:nowrap">income</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:2446.4px;letter-spacing:-2.34px;white-space:nowrap">(.35)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:3180.4px;letter-spacing:-2.34px;white-space:nowrap">(.37)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:3914.4px;letter-spacing:-2.34px;white-space:nowrap">(.24)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:4648.4px;letter-spacing:-2.34px;white-space:nowrap">(.95)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:5382.4px;letter-spacing:-2.34px;white-space:nowrap">(.92)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3733.5px;left:6030.24px;letter-spacing:-1.95px;white-space:nowrap">(1.46)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3990px;left:0px;letter-spacing:-0.28px;white-space:nowrap">Increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3990px;left:610.44px;text-rendering:optimizeLegibility;white-space:nowrap">(dilution) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3990px;left:1271.18px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:3990px;left:1435.45px;letter-spacing:-0.21px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4194px;left:0px;letter-spacing:-0.14px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4194px;left:388.97px;letter-spacing:-0.42px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4194px;left:789.57px;letter-spacing:-0.66px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4194px;left:1157.21px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4398px;left:0px;letter-spacing:-0.9px;white-space:nowrap">reinvestment</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4398px;left:2497.2px;white-space:nowrap">.01</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4398px;left:3231.2px;white-space:nowrap">.01</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4398px;left:3965.2px;white-space:nowrap">.02</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4398px;left:4648.4px;letter-spacing:-2.34px;white-space:nowrap">(.02)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4398px;left:5382.4px;letter-spacing:-2.34px;white-space:nowrap">(.02)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4398px;left:6116.4px;letter-spacing:-2.34px;white-space:nowrap">(.03)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4654.5px;left:0px;letter-spacing:-0.28px;white-space:nowrap">Increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4654.5px;left:610.44px;text-rendering:optimizeLegibility;letter-spacing:-0.25px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4654.5px;left:1240.63px;letter-spacing:-0.66px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4654.5px;left:1608.28px;letter-spacing:-0.42px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4858.5px;left:0px;letter-spacing:-0.45px;white-space:nowrap">repurchases</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4851px;left:2334.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4851px;left:3068.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4851px;left:3802.25px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4858.5px;left:4699.2px;white-space:nowrap">.07</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4858.5px;left:5433.2px;white-space:nowrap">.21</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:4858.5px;left:6167.2px;white-space:nowrap">.11</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5118.75px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5118.75px;left:293.76px;letter-spacing:-0.19px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5118.75px;left:695.11px;letter-spacing:-0.36px;white-space:nowrap">value, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5118.75px;left:1157.79px;white-space:nowrap">end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5118.75px;left:1464.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5118.75px;left:1647.87px;white-space:nowrap">period</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5115px;left:2245.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5122.5px;left:2336.43px;letter-spacing:0px;white-space:nowrap">13.88</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5115px;left:2979.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5122.5px;left:3070.43px;letter-spacing:0px;white-space:nowrap">11.07</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5115px;left:3787.81px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5122.5px;left:3879.04px;white-space:nowrap">8.60</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5115px;left:4521.81px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5122.5px;left:4613.04px;white-space:nowrap">5.96</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5115px;left:5181.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5122.5px;left:5272.43px;letter-spacing:0px;white-space:nowrap">35.19</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5115px;left:5915.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5122.5px;left:6006.43px;letter-spacing:0px;white-space:nowrap">22.01</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5382.75px;left:0px;letter-spacing:-0.83px;white-space:nowrap">Market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5382.75px;left:551.67px;letter-spacing:-0.36px;white-space:nowrap">value, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5382.75px;left:1014.36px;white-space:nowrap">end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5382.75px;left:1320.82px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5382.75px;left:1504.43px;white-space:nowrap">period</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5379px;left:2245.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5386.5px;left:2336.43px;letter-spacing:0px;white-space:nowrap">14.58</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5379px;left:2979.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5386.5px;left:3070.43px;letter-spacing:0px;white-space:nowrap">10.67</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5379px;left:3787.81px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5386.5px;left:3879.04px;white-space:nowrap">8.46</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5379px;left:4521.81px;letter-spacing:0px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5386.5px;left:4613.04px;white-space:nowrap">7.05</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5379px;left:5181.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5386.5px;left:5272.43px;letter-spacing:0px;white-space:nowrap">31.32</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5379px;left:5915.2px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5386.5px;left:6006.43px;letter-spacing:0px;white-space:nowrap">18.33</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5899.5px;left:0px;letter-spacing:-2.73px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5899.5px;left:382.25px;letter-spacing:-0.68px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5899.5px;left:1216.56px;letter-spacing:-0.52px;white-space:nowrap">Return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5899.5px;left:1734.45px;letter-spacing:-0.64px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5899.5px;left:1975.92px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:5899.5px;left:2250.09px;letter-spacing:-0.46px;white-space:nowrap">Period</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:99.1px;font-weight:bold;position:absolute;top:5896.06px;left:2708.21px;white-space:nowrap">b</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:0px;white-space:nowrap">Based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:447.5px;white-space:nowrap">upon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:839.54px;letter-spacing:-0.95px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:1359.25px;letter-spacing:-0.42px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:1759.85px;white-space:nowrap">(%)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:2324.88px;letter-spacing:0px;white-space:nowrap">40.50</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:300;position:absolute;top:6164.01px;left:2750.2px;white-space:nowrap">**</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:3058.88px;letter-spacing:0px;white-space:nowrap">30.87</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:3792.88px;letter-spacing:0px;white-space:nowrap">23.13</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:4476.08px;letter-spacing:-1.67px;white-space:nowrap">(76.57)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:5260.88px;letter-spacing:0px;white-space:nowrap">77.46</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6156px;left:5944.08px;letter-spacing:-1.67px;white-space:nowrap">(29.42)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:0px;white-space:nowrap">Based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:447.5px;white-space:nowrap">upon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:839.54px;letter-spacing:-0.21px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:1105.33px;letter-spacing:-0.14px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:1494.31px;letter-spacing:-0.5px;white-space:nowrap">value</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:99.1px;font-weight:300;position:absolute;top:6409.06px;left:1856.47px;white-space:nowrap">c</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:1937.05px;white-space:nowrap">(%)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:2324.88px;letter-spacing:0px;white-space:nowrap">28.92</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:300;position:absolute;top:6420.51px;left:2750.2px;white-space:nowrap">**</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:3058.88px;letter-spacing:0px;white-space:nowrap">33.57</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:3792.88px;letter-spacing:0px;white-space:nowrap">47.81</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:4476.08px;letter-spacing:-1.67px;white-space:nowrap">(82.33)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:5260.88px;letter-spacing:0px;white-space:nowrap">65.86</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:6412.5px;left:5944.08px;letter-spacing:-1.67px;white-space:nowrap">(26.61)</div></div>
		</div>


</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAq8AAAApCAYAAAAbF8BxAAAACXBIWXMAABcRAAAXEQHKJvM/AAABAElEQVR4Xu3bsQ0CQRAEwX30eSGCBINoyOwI4dxrqcqeANqZa601AABQ8NgNAADgFOIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAIAM8QoAQIZ4BQAgQ7wCAJAhXgEAyBCvAABkiFcAADLEKwAAGeIVAICM+/35/nYjAAA4wT0zz90IAABOcM/MazcCAIATXGut3QYAAI7gsAUAQIZ4BQAg4w8I6wlWg5M1mQAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:19.45px;left:0px;position:absolute;top:0px;transform:translate(28.800px,24.764px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:819.18px;letter-spacing:-0.18px;white-space:nowrap">Highlights </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:210px;position:absolute;top:0px;left:1733.01px;text-rendering:optimizeLegibility;letter-spacing:-0.34px;white-space:nowrap">(continued)</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.800px,552.956px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:689.09px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:999.26px;letter-spacing:-0.41px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2077.5px;letter-spacing:-0.29px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2521.53px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2795.31px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3014.24px;letter-spacing:-0.78px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3600.12px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3940.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4128.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4410.91px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5056.99px;letter-spacing:-0.92px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">20 </div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:497.03px;left:0px;position:absolute;top:0px;transform:translate(28.800px,45.342px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9891.52px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.46px) rotate(0deg) scale(0.05)">





























































			<div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:256px;left:9884.15px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">Six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:256px;left:10122.8px;letter-spacing:-15.53px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">Months&#160;&#160;&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:460px;left:9612.88px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">Ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:460px;left:10093.5px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">4/30/25</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:460px;left:11648.39px;letter-spacing:-2.61px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">Years </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:460px;left:12057.2px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">Ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:460px;left:12537.82px;letter-spacing:-0.21px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:460px;left:13148.26px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">31,</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:667.5px;left:9820.48px;letter-spacing:-6.07px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">(Unaudited)&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:667.5px;left:10865.08px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">2024</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:667.5px;left:11599.08px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">2023</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:667.5px;left:12333.08px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">2022</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:667.5px;left:13067.08px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">2021</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:667.5px;left:13802.08px;transform-origin:0% 127.50px;transform:matrix(1,0,0,1,-7747.2,-216);white-space:nowrap">2020</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:862px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.23px;white-space:nowrap">Ratios </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:862px;left:475.22px;letter-spacing:-0.55px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:862px;left:662.32px;letter-spacing:-1.41px;white-space:nowrap">Average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:862px;left:1269.02px;letter-spacing:-0.29px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:145px;font-weight:bold;position:absolute;top:862px;left:1562.79px;letter-spacing:-0.19px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1118.5px;left:0px;letter-spacing:-2.97px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1118.5px;left:364.82px;letter-spacing:-0.28px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1118.5px;left:1032.04px;letter-spacing:-1.19px;white-space:nowrap">before </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1118.5px;left:1516.55px;letter-spacing:-0.31px;white-space:nowrap">expense </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1322.5px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.23px;white-space:nowrap">reductions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1322.5px;left:762.26px;white-space:nowrap">(%)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1322.5px;left:2411.04px;white-space:nowrap">1.64</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:300;position:absolute;top:1358.76px;left:2750.2px;white-space:nowrap">*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1322.5px;left:3145.04px;white-space:nowrap">1.85</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1322.5px;left:3879.04px;white-space:nowrap">1.71</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1322.5px;left:4613.04px;white-space:nowrap">1.67</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1322.5px;left:5347.04px;white-space:nowrap">1.18</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1322.5px;left:6081.04px;white-space:nowrap">1.24</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1579px;left:0px;letter-spacing:-2.97px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1579px;left:364.82px;letter-spacing:-0.28px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1579px;left:1032.04px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">after </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1579px;left:1393.37px;letter-spacing:-0.31px;white-space:nowrap">expense </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1783px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.23px;white-space:nowrap">reductions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1783px;left:762.26px;white-space:nowrap">(%)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1783px;left:2411.04px;white-space:nowrap">1.27</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:300;position:absolute;top:1819.26px;left:2750.2px;white-space:nowrap">*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1783px;left:3145.04px;white-space:nowrap">1.48</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1783px;left:3879.04px;white-space:nowrap">1.34</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1783px;left:4613.04px;white-space:nowrap">1.51</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1783px;left:5347.04px;white-space:nowrap">1.18</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:1783px;left:6081.04px;white-space:nowrap">1.24</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2039.5px;left:0px;letter-spacing:-0.21px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2039.5px;left:285.96px;letter-spacing:-0.75px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2039.5px;left:1085px;letter-spacing:-0.24px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2039.5px;left:1627.04px;white-space:nowrap">(loss) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:0px;white-space:nowrap">(%)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:2360.24px;letter-spacing:-1.95px;white-space:nowrap">(0.31)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:300;position:absolute;top:2279.76px;left:2750.2px;white-space:nowrap">**</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:3145.04px;white-space:nowrap">3.34</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:3879.04px;white-space:nowrap">3.76</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:4613.04px;white-space:nowrap">2.12</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:5347.04px;white-space:nowrap">2.95</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:6081.04px;white-space:nowrap">3</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:6167.2px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2243.5px;left:6208.79px;white-space:nowrap">71</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:2160.25px;left:6420.2px;white-space:nowrap">d</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.79px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:618.66px;letter-spacing:-0.28px;white-space:nowrap">turnover </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:1251.76px;white-space:nowrap">(%)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:2549.88px;white-space:nowrap">14</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:300;position:absolute;top:2508.01px;left:2750.2px;white-space:nowrap">**</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:3283.88px;white-space:nowrap">30</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:4017.88px;white-space:nowrap">40</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:4751.88px;white-space:nowrap">35</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:5485.88px;white-space:nowrap">31</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2500px;left:6219.88px;white-space:nowrap">43</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2756.5px;left:0px;letter-spacing:-0.21px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2756.5px;left:285.96px;letter-spacing:-0.12px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2756.5px;left:740.68px;letter-spacing:-0.55px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2756.5px;left:913.33px;white-space:nowrap">end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2756.5px;left:1212.41px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2756.5px;left:1390.3px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2960.5px;left:0px;white-space:nowrap">($ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2960.5px;left:175.4px;white-space:nowrap">thousands)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2960.5px;left:2277.8px;white-space:nowrap">89,616</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2960.5px;left:3011.8px;white-space:nowrap">70,808</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2960.5px;left:3745.8px;white-space:nowrap">54,185</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2960.5px;left:4479.8px;white-space:nowrap">37,068</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2960.5px;left:5127.64px;white-space:nowrap">221,580</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:151px;font-weight:300;position:absolute;top:2960.5px;left:5861.64px;white-space:nowrap">144,813</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:300;position:absolute;top:3286.35px;left:0px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3305px;left:359.2px;white-space:nowrap">Based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3305px;left:780.37px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3305px;left:983.11px;letter-spacing:-1.07px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3305px;left:1519.98px;letter-spacing:-0.33px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3305px;left:1970.22px;letter-spacing:-0.36px;white-space:nowrap">outstanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3305px;left:2770.68px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3305px;left:3221.7px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3305px;left:3472.64px;white-space:nowrap">period.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:300;position:absolute;top:3533.36px;left:0px;white-space:nowrap">b</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:359.2px;letter-spacing:-2.8px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:702.56px;letter-spacing:-0.71px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:1454.59px;letter-spacing:-0.45px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:1895.84px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:2314.51px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:2517.25px;letter-spacing:-0.2px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:2767.4px;letter-spacing:-0.13px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:3133.5px;letter-spacing:-0.39px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:3510.53px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">reflects </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:4021.15px;letter-spacing:-0.15px;white-space:nowrap">changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:4581.7px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:4736.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:4987.25px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:5442.48px;letter-spacing:-0.2px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:5692.64px;letter-spacing:-0.13px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3537px;left:6058.73px;letter-spacing:-0.39px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:359.2px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:810.22px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:1151.93px;white-space:nowrap">period. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:1646.47px;letter-spacing:-2.8px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:1989.82px;letter-spacing:-0.45px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:2431.07px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:2849.75px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:3052.48px;letter-spacing:-0.89px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:3541.62px;letter-spacing:-0.39px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:3918.65px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">reflects </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:4429.28px;letter-spacing:-0.15px;white-space:nowrap">changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:4989.83px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:5144.43px;letter-spacing:-0.89px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:5633.58px;letter-spacing:-0.39px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3729px;left:6010.61px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:359.2px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:700.92px;white-space:nowrap">period. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:1195.45px;letter-spacing:-0.62px;white-space:nowrap">Each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:1533.18px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">figure </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:1941.93px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:2507.09px;letter-spacing:-0.73px;white-space:nowrap">reinvestments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:3452.87px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:3620.29px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:4209.04px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:4486.78px;letter-spacing:-0.49px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:4944.04px;letter-spacing:-0.62px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:5245.84px;text-rendering:optimizeLegibility;letter-spacing:-0.13px;white-space:nowrap">distributions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:6123.89px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:3921px;left:6243.18px;letter-spacing:-2.81px;white-space:nowrap">any. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:359.2px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:775.84px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">figures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:1246.47px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:1500.37px;text-rendering:optimizeLegibility;letter-spacing:-0.67px;white-space:nowrap">differ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:1876.31px;white-space:nowrap">depending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:2596.54px;white-space:nowrap">upon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:2965.53px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:3216.47px;letter-spacing:-0.39px;white-space:nowrap">level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:3549.43px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:3716.86px;letter-spacing:-0.78px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:3978.89px;letter-spacing:-0.35px;white-space:nowrap">discount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:4562.56px;letter-spacing:-0.62px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:4908.58px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:5083.34px;letter-spacing:-0.29px;white-space:nowrap">premium </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:5706.08px;letter-spacing:-0.52px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:5876.7px;letter-spacing:-0.2px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4113px;left:6126.86px;letter-spacing:-0.13px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:359.2px;letter-spacing:-0.39px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:736.23px;letter-spacing:-0.52px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:898.73px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:1316.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:1567.25px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:2022.48px;letter-spacing:-0.33px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:2472.72px;letter-spacing:-0.52px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:2851px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:3302.01px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4305px;left:3552.95px;white-space:nowrap">period.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:300;position:absolute;top:4533.36px;left:0px;white-space:nowrap">c</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:359.2px;letter-spacing:-2.8px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:702.56px;letter-spacing:-0.45px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:1143.81px;letter-spacing:-0.26px;white-space:nowrap">would </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:1575.22px;letter-spacing:-0.86px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:1914.98px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:2275.53px;letter-spacing:-0.39px;white-space:nowrap">lower </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:2674.12px;white-space:nowrap">had </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:2951.86px;letter-spacing:-0.29px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:3434.28px;letter-spacing:-0.26px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:4062.25px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:4317.56px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4552px;left:4678.11px;letter-spacing:-0.29px;white-space:nowrap">reduced.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:300;position:absolute;top:4780.35px;left:0px;white-space:nowrap">d</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:359.2px;letter-spacing:-0.2px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:628.34px;letter-spacing:-0.71px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:1380.37px;letter-spacing:-0.22px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:1890.53px;white-space:nowrap">per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:2144.04px;letter-spacing:-0.39px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:2532.4px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:3097.56px;white-space:nowrap">$258,629 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:3740.53px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:3907.95px;letter-spacing:-0.17px;white-space:nowrap">non-recurring </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:4829.59px;letter-spacing:-0.78px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4784px;left:5318.42px;white-space:nowrap">dividend</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:359.2px;letter-spacing:-0.26px;white-space:nowrap">reclaims </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:929.67px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:1207.4px;white-space:nowrap">$5,373 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:1688.18px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:1855.61px;letter-spacing:-0.17px;white-space:nowrap">non-recurring </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:2777.25px;letter-spacing:-0.68px;white-space:nowrap">related </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:3267.56px;letter-spacing:-0.82px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:3795.06px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">amounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:4526px;letter-spacing:-0.52px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:4696.62px;white-space:nowrap">$0.04 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:5096.31px;white-space:nowrap">per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:4976px;left:5349.83px;letter-spacing:-0.33px;white-space:nowrap">share. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:359.2px;letter-spacing:-0.35px;white-space:nowrap">Excluding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:1000.06px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:1391.93px;letter-spacing:-0.17px;white-space:nowrap">non-recurring </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:2313.57px;letter-spacing:-0.17px;white-space:nowrap">amounts, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:2953.34px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:3204.28px;letter-spacing:-0.2px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:3454.43px;letter-spacing:-0.71px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:4206.47px;letter-spacing:-0.22px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:4716.62px;text-rendering:optimizeLegibility;letter-spacing:-0.78px;white-space:nowrap">ratio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:5048.65px;letter-spacing:-0.26px;white-space:nowrap">would </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5168px;left:5480.06px;letter-spacing:-1.07px;white-space:nowrap">have</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5360px;left:359.2px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5360px;left:719.75px;white-space:nowrap">3.57%.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:300;position:absolute;top:5588.36px;left:0px;white-space:nowrap">*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5607px;left:359.2px;letter-spacing:-0.36px;white-space:nowrap">Annualized.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;font-weight:300;position:absolute;top:5835.36px;left:0px;white-space:nowrap">**</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5854px;left:359.2px;white-space:nowrap">Not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:5854px;left:633.5px;letter-spacing:-0.36px;white-space:nowrap">annualized.</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">21 </div></div>
		</div>
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.799px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:257.76px">
			<div style="width:5155.2px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-0.69px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:904.12px;letter-spacing:-1.11px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1278.32px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:2604.62px;letter-spacing:-1.38px;white-space:nowrap">Statements</div></div>
		</div>
		<div style="height:18.33px;left:0px;position:absolute;top:0px;transform:translate(286.559px,29.470px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:72.00px">
			<div style="width:1440px;height:265.88px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.04px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:0px;left:390.1px;letter-spacing:-0.23px;white-space:nowrap">(Unaudited)</div></div>
		</div>
		<div style="height:505.68px;left:0px;position:absolute;top:0px;transform:translate(28.800px,53.275px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9978.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.32px) rotate(0deg) scale(0.05)">




			<div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:0.56px;white-space:nowrap">A. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:254.48px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">Accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:1372.7px;letter-spacing:-0.46px;white-space:nowrap">Policies</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:379.09px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:1063.37px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:1445.25px;letter-spacing:-1.14px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:2153.16px;letter-spacing:-0.61px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:2834px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:3381.64px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:3746.77px;white-space:nowrap">(the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:4157.55px;white-space:nowrap">&#8220;Fund&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:4897.15px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:5080.52px;letter-spacing:-1.03px;white-space:nowrap">registered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:0px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:577.18px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:922.22px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:1961.42px;letter-spacing:-0.54px;white-space:nowrap">Company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:2842.49px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:3182.05px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:3412.26px;white-space:nowrap">1940, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:3961.83px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:4200.2px;white-space:nowrap">amended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:5087.82px;white-space:nowrap">(the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:5498.6px;white-space:nowrap">&#8220;1940 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:6084.38px;letter-spacing:1.43px;white-space:nowrap">Act&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:381.88px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:535.18px;text-rendering:optimizeLegibility;letter-spacing:-0.38px;white-space:nowrap">non-diversified, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:1957.33px;white-space:nowrap">closed-end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:2976.66px;letter-spacing:-0.34px;white-space:nowrap">management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:4199.23px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:5233.27px;letter-spacing:-0.81px;white-space:nowrap">company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:0px;letter-spacing:-0.83px;white-space:nowrap">incorporated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:1189.7px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:1402.29px;letter-spacing:0.11px;white-space:nowrap">Maryland. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:2349.85px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:2728.95px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:3222.76px;letter-spacing:-0.21px;white-space:nowrap">commenced </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:4366.27px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:5400.31px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">operations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1272.7px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1272.7px;left:278.76px;letter-spacing:-0.54px;white-space:nowrap">March </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1272.7px;left:898.37px;white-space:nowrap">6, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1272.7px;left:1113.43px;white-space:nowrap">1990.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:379.09px;text-rendering:optimizeLegibility;letter-spacing:-0.81px;white-space:nowrap">preparation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:1463.41px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:1693.61px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:2483.27px;letter-spacing:-1.12px;white-space:nowrap">statements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:3516.99px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:3729.58px;letter-spacing:-0.49px;white-space:nowrap">accordance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:4789.62px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:5228.22px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:0px;white-space:nowrap">principles </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:901.48px;letter-spacing:-0.59px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:1753.66px;letter-spacing:-0.36px;white-space:nowrap">accepted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:2609.17px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:2821.76px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:3166.8px;letter-spacing:-0.31px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:3812.4px;letter-spacing:-1.07px;white-space:nowrap">States </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:4396.13px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:4626.34px;letter-spacing:-0.27px;white-space:nowrap">America </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:5402.14px;letter-spacing:-0.61px;white-space:nowrap">(&#8220;U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:0px;letter-spacing:0.77px;white-space:nowrap">GAAP&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:708.55px;letter-spacing:-0.72px;white-space:nowrap">requires </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:1483.17px;letter-spacing:-0.34px;white-space:nowrap">management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:2705.74px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:2940.35px;letter-spacing:-1.5px;white-space:nowrap">make </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:3465.86px;text-rendering:optimizeLegibility;letter-spacing:-0.7px;white-space:nowrap">estimates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:4365.2px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:4747.08px;text-rendering:optimizeLegibility;letter-spacing:-0.09px;white-space:nowrap">assumptions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:5905.3px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.07px;white-space:nowrap">affect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:546.56px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:891.6px;letter-spacing:-0.6px;white-space:nowrap">reported </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:1720.68px;letter-spacing:-0.27px;white-space:nowrap">amounts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:2546.54px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:2928.43px;letter-spacing:-0.27px;white-space:nowrap">disclosures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:3948.72px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:4161.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:4506.35px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:5296.01px;letter-spacing:-1.03px;white-space:nowrap">statements. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:0px;white-space:nowrap">Actual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:605.97px;letter-spacing:-0.4px;white-space:nowrap">results </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:1242.33px;letter-spacing:-0.36px;white-space:nowrap">could </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:1775.36px;text-rendering:optimizeLegibility;letter-spacing:-0.92px;white-space:nowrap">differ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:2292.28px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:2768.05px;white-space:nowrap">those </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:3312.89px;text-rendering:optimizeLegibility;letter-spacing:-0.63px;white-space:nowrap">estimates. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:4266.04px;letter-spacing:-0.29px;white-space:nowrap">Subsequent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:5358.42px;letter-spacing:-0.67px;white-space:nowrap">events, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2537.9px;left:6042.48px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:0px;letter-spacing:-4.3px;white-space:nowrap">any, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:396.92px;letter-spacing:-0.54px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:1151.24px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:1496.28px;letter-spacing:-0.86px;white-space:nowrap">date </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:1940.58px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:2350.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:2695.64px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:3485.3px;letter-spacing:-1.12px;white-space:nowrap">statements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:4519.02px;letter-spacing:-1.07px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:5010.37px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2767.9px;left:5616.12px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:0px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:495.75px;letter-spacing:-0.86px;white-space:nowrap">evaluated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:1407.66px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:1620.24px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:1965.28px;text-rendering:optimizeLegibility;letter-spacing:-0.81px;white-space:nowrap">preparation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:3049.6px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:3279.8px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:3624.84px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:4414.5px;letter-spacing:-1.03px;white-space:nowrap">statements. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:5502.04px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2997.9px;left:5881.13px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">qualifies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:786.33px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:1024.7px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:1292.29px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:2326.33px;letter-spacing:-0.81px;white-space:nowrap">company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:3181.08px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:3758.26px;letter-spacing:-3.31px;white-space:nowrap">Topic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:4265.62px;white-space:nowrap">946 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:4649.86px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3227.9px;left:4880.07px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">Accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:0px;letter-spacing:-0.64px;white-space:nowrap">Standards </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:926.08px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">Codification </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:2025.65px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:2255.86px;letter-spacing:-0.86px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:2648.38px;letter-spacing:-5.01px;white-space:nowrap">GAAP. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:3219.54px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:3598.63px;letter-spacing:-0.64px;white-space:nowrap">following </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:4453.93px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:4637.29px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:4790.59px;letter-spacing:0.13px;white-space:nowrap">summary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3457.9px;left:5665.21px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:942.3px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:1958.3px;white-space:nowrap">policies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:2670.08px;letter-spacing:-0.95px;white-space:nowrap">followed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:3480.25px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:3740.21px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:4085.25px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:4579.07px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:4791.66px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:5136.7px;text-rendering:optimizeLegibility;letter-spacing:-0.81px;white-space:nowrap">preparation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3687.9px;left:6221.02px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3917.9px;left:0px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3917.9px;left:255.66px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3917.9px;left:1045.32px;letter-spacing:-1.12px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:4270.6px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.66px;white-space:nowrap">Operating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:4270.6px;left:914.85px;letter-spacing:-0.24px;white-space:nowrap">Segment.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:1785.31px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:2003.06px;white-space:nowrap">this </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:2373.02px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">reporting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:3245.5px;white-space:nowrap">period, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:3925.48px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:4270.52px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:4764.34px;letter-spacing:-0.4px;white-space:nowrap">adopted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:5553.03px;letter-spacing:-2.47px;white-space:nowrap">FASB </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">Accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:1036.41px;letter-spacing:-0.64px;white-space:nowrap">Standards </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:1962.49px;letter-spacing:-0.61px;white-space:nowrap">Update </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:2660.95px;white-space:nowrap">2023-07, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:3500.88px;letter-spacing:-0.27px;white-space:nowrap">Segment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:4329.21px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">Reporting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:5241.87px;letter-spacing:-2.84px;white-space:nowrap">(Topic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:5814.96px;white-space:nowrap">280) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:117.09px;letter-spacing:-0.74px;white-space:nowrap">Improvements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:1449.66px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:1684.27px;letter-spacing:-0.68px;white-space:nowrap">Reportable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:2704.56px;letter-spacing:-0.27px;white-space:nowrap">Segment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:3532.89px;letter-spacing:-0.27px;white-space:nowrap">Disclosures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:4572.41px;letter-spacing:-3.13px;white-space:nowrap">(&#8220;ASU </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:5122.52px;white-space:nowrap">2023-07&#8221;). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.12px;white-space:nowrap">Adoption </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:864.1px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:1094.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:1439.35px;letter-spacing:-0.27px;white-space:nowrap">new </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:1864.74px;letter-spacing:-1.01px;white-space:nowrap">standard </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:2688.55px;letter-spacing:-0.24px;white-space:nowrap">impacted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:3565.44px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:4355.1px;letter-spacing:-1.24px;white-space:nowrap">statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4953.1px;left:5303.74px;letter-spacing:-0.27px;white-space:nowrap">disclosures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:0px;white-space:nowrap">only </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:424.32px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:806.2px;white-space:nowrap">did </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:1133.09px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:1484.14px;text-rendering:optimizeLegibility;letter-spacing:-1.07px;white-space:nowrap">affect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:2030.7px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:2375.74px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:2994.49px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:3784.15px;text-rendering:optimizeLegibility;white-space:nowrap">position </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:4544.7px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:4785px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:5130.04px;letter-spacing:-0.4px;white-space:nowrap">results </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:5766.41px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5183.1px;left:5996.61px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">operations. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:1047.47px;white-space:nowrap">An </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:1335.47px;text-rendering:optimizeLegibility;letter-spacing:-0.64px;white-space:nowrap">operating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:2232.44px;letter-spacing:-0.27px;white-space:nowrap">segment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:3046.27px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:3229.64px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">defined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:3951.08px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:4163.67px;letter-spacing:-3.31px;white-space:nowrap">Topic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:4671.03px;white-space:nowrap">280 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:5055.27px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:5293.64px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5413.1px;left:5446.93px;letter-spacing:-0.43px;white-space:nowrap">component </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:230.21px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:383.5px;white-space:nowrap">public </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:966.8px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">entity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:1525.82px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:1935.85px;letter-spacing:-0.74px;white-space:nowrap">engages </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:2706.28px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:2918.87px;white-space:nowrap">business </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:3723.99px;text-rendering:optimizeLegibility;white-space:nowrap">activities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:4548.24px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:5024.01px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:5598.18px;white-space:nowrap">it </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5643.1px;left:5768.77px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:0px;letter-spacing:-1.07px;white-space:nowrap">recognize </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:893.11px;letter-spacing:-0.72px;white-space:nowrap">revenues </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:1748.83px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:2130.71px;white-space:nowrap">incur </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:2627px;letter-spacing:-0.32px;white-space:nowrap">expenses, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:3544.28px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:3896.94px;text-rendering:optimizeLegibility;letter-spacing:-0.64px;white-space:nowrap">operating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:4793.92px;letter-spacing:-0.4px;white-space:nowrap">results </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:5430.28px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5873.1px;left:5840.31px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:0px;letter-spacing:-0.32px;white-space:nowrap">regularly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:821.99px;letter-spacing:-0.84px;white-space:nowrap">reviewed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:1679.54px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:1939.5px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:2284.54px;white-space:nowrap">public </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:2867.84px;text-rendering:optimizeLegibility;letter-spacing:-1.07px;white-space:nowrap">entity&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:3558.24px;letter-spacing:-0.36px;white-space:nowrap">chief </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:4036.7px;text-rendering:optimizeLegibility;letter-spacing:-0.64px;white-space:nowrap">operating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:4933.67px;white-space:nowrap">decision </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.1px;left:5711.19px;letter-spacing:-1.25px;white-space:nowrap">maker </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:0px;letter-spacing:-0.24px;white-space:nowrap">(&#8220;CODM&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:940.16px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:1174.77px;letter-spacing:-1.5px;white-space:nowrap">make </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:1700.27px;white-space:nowrap">decisions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:2562.87px;white-space:nowrap">about </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:3131.78px;letter-spacing:-0.64px;white-space:nowrap">resources </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:4036.91px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:4271.52px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:4544.27px;letter-spacing:-0.64px;white-space:nowrap">allocated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:5395.37px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.1px;left:5629.98px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:0px;letter-spacing:-0.27px;white-space:nowrap">segment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:811.96px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:1191.97px;letter-spacing:0px;white-space:nowrap">assess </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:1792.42px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:2046.21px;letter-spacing:-0.41px;white-space:nowrap">performance, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:3291.83px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:3671.85px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:4022.64px;letter-spacing:-0.72px;white-space:nowrap">discrete </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:4771.11px;text-rendering:optimizeLegibility;letter-spacing:0px;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.1px;left:5558.9px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:0px;letter-spacing:-0.63px;white-space:nowrap">available. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:872.7px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:1251.79px;letter-spacing:-0.75px;white-space:nowrap">President </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:2133.51px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:2515.39px;letter-spacing:-0.36px;white-space:nowrap">Chief </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:3018.02px;text-rendering:optimizeLegibility;letter-spacing:-0.81px;white-space:nowrap">Executive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:3900.49px;text-rendering:optimizeLegibility;letter-spacing:-2.27px;white-space:nowrap">Officer, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:4579.72px;white-space:nowrap">acts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:4983.95px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:5222.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.1px;left:5567.35px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:0px;letter-spacing:-0.36px;white-space:nowrap">CODM. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:682.45px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:1061.54px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:1555.36px;letter-spacing:-0.78px;white-space:nowrap">represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:2545.36px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:2698.65px;white-space:nowrap">single </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:3256.71px;text-rendering:optimizeLegibility;letter-spacing:-0.64px;white-space:nowrap">operating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:4153.68px;letter-spacing:-0.24px;white-space:nowrap">segment, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:5021.33px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:5259.7px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7023.1px;left:5604.74px;letter-spacing:-0.43px;white-space:nowrap">CODM </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:0px;letter-spacing:-0.72px;white-space:nowrap">monitors </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:842.83px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:1187.87px;text-rendering:optimizeLegibility;letter-spacing:-0.64px;white-space:nowrap">operating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:2084.84px;letter-spacing:-0.4px;white-space:nowrap">results </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:2721.21px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:2951.42px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:3296.46px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:3790.27px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:4028.64px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:4181.93px;white-space:nowrap">whole </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:4771.68px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:5153.56px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7253.1px;left:5498.6px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:0px;letter-spacing:-0.21px;white-space:nowrap">long-term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:926.51px;letter-spacing:-1.13px;white-space:nowrap">strategic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:1727.99px;letter-spacing:-0.18px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:2231.37px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">allocation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:3137.47px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:3320.84px;letter-spacing:-0.43px;white-space:nowrap">pre-determined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:4770.07px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:4982.66px;letter-spacing:-0.49px;white-space:nowrap">accordance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7483.1px;left:6042.7px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:345.04px;letter-spacing:-0.36px;white-space:nowrap">terms </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:908.57px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:1138.78px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:1394.44px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:2428.49px;text-rendering:optimizeLegibility;letter-spacing:-0.2px;white-space:nowrap">objective, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:3336.42px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:4370.46px;white-space:nowrap">policies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:5082.24px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7713.1px;left:5464.12px;white-space:nowrap">principal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:0px;letter-spacing:-0.31px;white-space:nowrap">risks, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:492.96px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:1068.63px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:1347.39px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:1500.68px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">defined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:2222.13px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:3256.17px;letter-spacing:-1.25px;white-space:nowrap">strategy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:4012.53px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:4586.7px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:4770.07px;letter-spacing:-1.25px;white-space:nowrap">executed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:5621.17px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7943.1px;left:5881.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:0px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:618.75px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:1426.78px;letter-spacing:-0.66px;white-space:nowrap">managers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:2338.79px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:2577.16px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:2730.45px;letter-spacing:-0.36px;white-space:nowrap">team. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:3290.44px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:3669.53px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:4459.19px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:5545.22px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8173.1px;left:5757.81px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:0px;letter-spacing:-1.07px;white-space:nowrap">form </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:474.7px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:704.9px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:1049.94px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:1668.69px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:2476.72px;text-rendering:optimizeLegibility;letter-spacing:-0.17px;white-space:nowrap">composition, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:3671.25px;letter-spacing:-0.9px;white-space:nowrap">total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:4127.04px;letter-spacing:-0.48px;white-space:nowrap">returns, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:4872.66px;letter-spacing:-0.4px;white-space:nowrap">expense </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:5651.04px;text-rendering:optimizeLegibility;letter-spacing:-0.92px;white-space:nowrap">ratios </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8403.1px;left:6192.66px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:0px;letter-spacing:-0.2px;white-space:nowrap">changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:770.75px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:983.34px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:1327.3px;letter-spacing:-0.18px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:1830.68px;white-space:nowrap">(i.e., </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:2264.88px;letter-spacing:-0.2px;white-space:nowrap">changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:3035.63px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:3248.22px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:3592.19px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:4180.64px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:4996.19px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8633.1px;left:5471.96px;text-rendering:optimizeLegibility;letter-spacing:-0.5px;white-space:nowrap">operations), </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:0px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:574.17px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:908.79px;white-space:nowrap">used </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:1380.91px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:1640.87px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:1985.91px;letter-spacing:-0.43px;white-space:nowrap">CODM </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:2614.54px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:2849.15px;white-space:nowrap">assess </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:3451.46px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:3796.5px;letter-spacing:-0.75px;white-space:nowrap">segment&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:4743.86px;letter-spacing:-0.45px;white-space:nowrap">performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8863.1px;left:5937.53px;letter-spacing:-0.92px;white-space:nowrap">versus </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:345.04px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:963.79px;text-rendering:optimizeLegibility;letter-spacing:-0.9px;white-space:nowrap">comparative </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:2106.97px;letter-spacing:-0.2px;white-space:nowrap">benchmarks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:3235.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:3617.11px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:3851.72px;letter-spacing:-1.5px;white-space:nowrap">make </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:4377.23px;letter-spacing:-0.72px;white-space:nowrap">resource </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9093.1px;left:5197.29px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">allocation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:0px;white-space:nowrap">decisions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:862.6px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:1163.27px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:1508.31px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:2127.06px;white-space:nowrap">single </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:2685.12px;letter-spacing:-0.24px;white-space:nowrap">segment, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:3552.76px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:3736.13px;letter-spacing:-0.83px;white-space:nowrap">consistent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:4685.63px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:5124.24px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9323.1px;left:5534.27px;letter-spacing:-0.75px;white-space:nowrap">presented </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:0px;white-space:nowrap">within </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:601.46px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:946.49px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:1565.24px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:2354.9px;letter-spacing:-1.03px;white-space:nowrap">statements. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:3442.44px;letter-spacing:-0.27px;white-space:nowrap">Segment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:4270.77px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:4859.23px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:5193.85px;text-rendering:optimizeLegibility;letter-spacing:-0.75px;white-space:nowrap">reflected </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9553.1px;left:6031.74px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:345.04px;letter-spacing:-0.5px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:1662.89px;letter-spacing:-1.24px;white-space:nowrap">statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:2611.53px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:2841.74px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:3430.2px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:3812.08px;text-rendering:optimizeLegibility;white-space:nowrap">liabilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:4635.36px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:4873.73px;letter-spacing:-0.77px;white-space:nowrap">&#8220;total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:5419.54px;letter-spacing:-0.13px;white-space:nowrap">assets&#8221; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9783.1px;left:6098.02px;white-space:nowrap">and </div></div>
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		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="height:532.99px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.576px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">







			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-0.4px;white-space:nowrap">results </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:636.37px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:866.57px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">operations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1860.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2242.11px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3184.41px;letter-spacing:-0.27px;white-space:nowrap">segment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3998.24px;letter-spacing:-0.36px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4861.7px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5196.32px;letter-spacing:-0.69px;white-space:nowrap">listed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5718.71px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5997.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:0px;letter-spacing:-0.5px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1317.85px;letter-spacing:-1.24px;white-space:nowrap">statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2266.49px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2496.7px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">operations.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:582.7px;left:0px;white-space:nowrap">Security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:582.7px;left:751.51px;text-rendering:optimizeLegibility;letter-spacing:-1.35px;white-space:nowrap">Valuation.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:1688.11px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:2067.2px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:2561.02px;letter-spacing:-0.59px;white-space:nowrap">calculates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:3476.04px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:3731.7px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:4075.66px;letter-spacing:-0.18px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:4579.04px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:5097.46px;letter-spacing:-0.27px;white-space:nowrap">(&#8220;NAV&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:575.2px;left:5842.86px;white-space:nowrap">per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:0px;letter-spacing:-0.54px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:533.99px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:834.67px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">publication </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:1865.38px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:2088.82px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:2433.86px;white-space:nowrap">close </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:2934.23px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:3164.43px;letter-spacing:-0.4px;white-space:nowrap">regular </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:3840.87px;letter-spacing:-0.54px;white-space:nowrap">trading </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:4518.27px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:4797.03px;white-space:nowrap">Deutsche </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:5677.25px;letter-spacing:-0.72px;white-space:nowrap">B&#246;rse </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:0px;letter-spacing:0.15px;white-space:nowrap">XETRA, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:669.88px;white-space:nowrap">normally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:1496.17px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:1719.61px;white-space:nowrap">11:30 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:2273.15px;white-space:nowrap">a.m., </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:2761.92px;letter-spacing:-0.27px;white-space:nowrap">New </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:3213.42px;letter-spacing:-3.12px;white-space:nowrap">York </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:3638.38px;text-rendering:optimizeLegibility;white-space:nowrap">time.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:379.09px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:997.84px;letter-spacing:-0.54px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:1570.51px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:1923.17px;letter-spacing:-0.39px;white-space:nowrap">designated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:2941.53px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:3416.02px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">International </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:4602.28px;white-space:nowrap">GmbH </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:5214.58px;white-space:nowrap">(the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380.4px;left:5625.36px;letter-spacing:-0.73px;white-space:nowrap">&#8220;Advisor&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:0px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:238.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:583.41px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:1442.68px;white-space:nowrap">designee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:2283.9px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:2584.57px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:2929.61px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:3423.43px;letter-spacing:-0.72px;white-space:nowrap">pursuant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:4260.67px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:4495.28px;white-space:nowrap">Rule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:4933.67px;white-space:nowrap">2a-5 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:5377.32px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610.4px;left:5954.5px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:0px;white-space:nowrap">1940 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:495.75px;white-space:nowrap">Act. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:889.13px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:1268.22px;letter-spacing:-0.32px;white-space:nowrap">Advisor&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:2112.88px;letter-spacing:-0.27px;white-space:nowrap">Pricing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:2756.12px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">Committee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:3787.05px;white-space:nowrap">(the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:4197.83px;letter-spacing:-0.24px;white-space:nowrap">&#8220;Pricing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840.4px;left:4931.09px;text-rendering:optimizeLegibility;letter-spacing:-0.18px;white-space:nowrap">Committee&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:0px;letter-spacing:-0.21px;white-space:nowrap">typically </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:770.97px;letter-spacing:-0.46px;white-space:nowrap">values </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:1374.46px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:2263.16px;white-space:nowrap">using </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:2778.25px;letter-spacing:-0.4px;white-space:nowrap">readily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:3421.28px;letter-spacing:-0.7px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:4240.16px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:4912.72px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">quotations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:5909.49px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:0px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:575.78px;white-space:nowrap">supplied </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1373.6px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1633.56px;letter-spacing:-0.18px;white-space:nowrap">independent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:2813.92px;white-space:nowrap">pricing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:3461.88px;letter-spacing:0.24px;white-space:nowrap">services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:4216.09px;white-space:nowrap">(which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:4856.01px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:5190.63px;letter-spacing:-0.49px;white-space:nowrap">considered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:0px;letter-spacing:-0.97px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:338.59px;letter-spacing:-0.46px;white-space:nowrap">values </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:942.09px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:1519.27px;white-space:nowrap">Rule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:1957.66px;white-space:nowrap">2a-5). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:2520.87px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:2899.96px;white-space:nowrap">Advisor </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:3608.95px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:3961.61px;letter-spacing:-0.4px;white-space:nowrap">adopted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:4750.3px;letter-spacing:-0.97px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:5088.9px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:0px;letter-spacing:-0.68px;white-space:nowrap">procedures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:1047.58px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:1457.61px;letter-spacing:-0.67px;white-space:nowrap">provide </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:2175.19px;letter-spacing:-0.08px;white-space:nowrap">methodologies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:3545.67px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:3846.35px;letter-spacing:-0.97px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:4184.94px;letter-spacing:-0.4px;white-space:nowrap">valuing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:4860.63px;text-rendering:optimizeLegibility;white-space:nowrap">securities.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:0px;letter-spacing:-1.54px;white-space:nowrap">Various </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:701.36px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:1299.91px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:1634.53px;white-space:nowrap">used </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:2106.65px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:2319.24px;letter-spacing:-0.27px;white-space:nowrap">determining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:3448.46px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:3793.5px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:4311.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:4542.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.6px;left:4887.16px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:0px;letter-spacing:-0.83px;white-space:nowrap">investments. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:1172.94px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:1745.82px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:2344.38px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:2678.99px;letter-spacing:-0.49px;white-space:nowrap">summarized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:3808.32px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:4020.91px;letter-spacing:-0.54px;white-space:nowrap">three </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:4547.28px;letter-spacing:-0.72px;white-space:nowrap">broad </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:5115.43px;letter-spacing:-0.4px;white-space:nowrap">levels. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3335.6px;left:5712.16px;letter-spacing:-0.54px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:0px;white-space:nowrap">1 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:161.24px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:938.33px;letter-spacing:-0.31px;white-space:nowrap">quoted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:1624.54px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:2200.32px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:2412.91px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">active </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:2982.25px;letter-spacing:-1.07px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:3739.89px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:4040.57px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">identical </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:4836.67px;text-rendering:optimizeLegibility;white-space:nowrap">securities. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3565.6px;left:5779.19px;letter-spacing:-0.54px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:0px;white-space:nowrap">2 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:161.24px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:938.33px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:1473.94px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:2416.24px;letter-spacing:-0.2px;white-space:nowrap">observable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:3434.38px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:4032.94px;white-space:nowrap">(including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:4947.96px;letter-spacing:-0.31px;white-space:nowrap">quoted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3795.6px;left:5634.17px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:0px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:300.67px;white-space:nowrap">similar </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:934.57px;text-rendering:optimizeLegibility;white-space:nowrap">securities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:1877.09px;letter-spacing:-1.13px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:2602.4px;letter-spacing:-1.23px;white-space:nowrap">rates, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:3142.84px;letter-spacing:-0.88px;white-space:nowrap">prepayment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:4265.94px;white-space:nowrap">speeds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:4931.85px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:5313.73px;letter-spacing:-0.46px;white-space:nowrap">credit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:5873.51px;white-space:nowrap">risk). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:501.45px;white-space:nowrap">3 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:662.69px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:1439.78px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:2382.08px;letter-spacing:-0.17px;white-space:nowrap">unobservable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:3628.82px;white-space:nowrap">inputs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:4227.37px;white-space:nowrap">(including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:5142.39px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:5487.43px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:0px;letter-spacing:-0.27px;white-space:nowrap">own </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:431.41px;text-rendering:optimizeLegibility;letter-spacing:-0.09px;white-space:nowrap">assumptions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:1589.63px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:1802.22px;letter-spacing:-0.27px;white-space:nowrap">determining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:2931.44px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:3276.47px;letter-spacing:-0.97px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:3615.07px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:4133.49px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:4363.69px;letter-spacing:-0.77px;white-space:nowrap">investments). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:5602.37px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:5981.46px;letter-spacing:-0.54px;white-space:nowrap">level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:0px;white-space:nowrap">assigned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:812.43px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:1047.04px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:1392.08px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:2280.78px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">valuations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:3225.13px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:3645.15px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:3996.2px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:4268.95px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:4536.53px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">indication </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:5452.95px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:5683.15px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:6028.19px;white-space:nowrap">risk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:6384.4px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:0px;white-space:nowrap">liquidity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:756.14px;letter-spacing:-0.39px;white-space:nowrap">associated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:1731px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:2169.6px;text-rendering:optimizeLegibility;letter-spacing:-0.86px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:3000.72px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:3213.31px;white-space:nowrap">those </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:3758.15px;text-rendering:optimizeLegibility;white-space:nowrap">securities.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:0px;letter-spacing:-0.46px;white-space:nowrap">Equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:600.49px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:1489.19px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:1823.81px;letter-spacing:-0.46px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:2456.52px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:2679.96px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:3025px;letter-spacing:-0.54px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:3518.17px;letter-spacing:-0.77px;white-space:nowrap">recent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:4135.96px;white-space:nowrap">sale </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:4531.59px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:5022.29px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:5262.6px;text-rendering:optimizeLegibility;white-space:nowrap">official </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290.8px;left:5895.31px;white-space:nowrap">closing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:0px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:490.7px;letter-spacing:-0.6px;white-space:nowrap">reported </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:1319.79px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:1598.54px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:1943.58px;letter-spacing:-1.07px;white-space:nowrap">exchange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:2821.97px;letter-spacing:-0.72px;white-space:nowrap">(U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:3280.23px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:3520.54px;letter-spacing:-0.95px;white-space:nowrap">foreign) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:4258.42px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520.8px;left:4498.72px;letter-spacing:-1.01px;white-space:nowrap">over-the-counter </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:0px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:672.57px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:951.33px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:1525.5px;letter-spacing:-0.21px;white-space:nowrap">they </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:1966.46px;letter-spacing:-0.72px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:2486.6px;white-space:nowrap">prior </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:2965.6px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:3200.21px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:3545.24px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:3996.85px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:4227.05px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">valuation. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:5140.14px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:6043.34px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:0px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:574.17px;white-space:nowrap">no </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:852.93px;white-space:nowrap">sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:1333.64px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:1668.26px;letter-spacing:-0.6px;white-space:nowrap">reported </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:2497.34px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:2831.96px;letter-spacing:-0.46px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:3464.68px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:3688.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:4033.15px;letter-spacing:-0.59px;white-space:nowrap">calculated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:4977.39px;white-space:nowrap">mean </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:5527.71px;letter-spacing:-0.4px;white-space:nowrap">between </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:345.04px;letter-spacing:-0.54px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:838.21px;letter-spacing:-0.77px;white-space:nowrap">recent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:1456px;white-space:nowrap">bid </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:1782.88px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:2164.77px;letter-spacing:-1.25px;white-space:nowrap">asked </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:2715.63px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">quotations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:3712.39px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:3991.15px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:4336.19px;letter-spacing:-1.07px;white-space:nowrap">relevant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:5105.01px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:5777.58px;letter-spacing:-5.1px;white-space:nowrap">or, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:6051.29px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:0px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:153.29px;white-space:nowrap">mean </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:703.61px;letter-spacing:-0.31px;white-space:nowrap">cannot </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:1363.94px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:1636.68px;letter-spacing:-0.27px;white-space:nowrap">determined, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:2776.75px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:3000.19px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:3345.22px;letter-spacing:-0.54px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:3838.4px;letter-spacing:-0.77px;white-space:nowrap">recent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:4456.18px;white-space:nowrap">bid </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:4783.07px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">quotation. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:5748.57px;letter-spacing:-0.46px;white-space:nowrap">Equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:888.7px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:1223.32px;letter-spacing:-0.59px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:2075.5px;letter-spacing:-1.07px;white-space:nowrap">categorized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:3142.3px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:3380.67px;letter-spacing:-0.54px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:3882.12px;white-space:nowrap">1.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:0px;letter-spacing:-0.9px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:1124.28px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:1336.87px;white-space:nowrap">open-end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:2243.29px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:3277.33px;letter-spacing:-0.21px;white-space:nowrap">companies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:4281.73px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:4616.35px;letter-spacing:-0.46px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:5249.06px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:5630.95px;letter-spacing:-0.61px;white-space:nowrap">traded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7016px;left:6265.38px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:0px;white-space:nowrap">their </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:469.43px;letter-spacing:-2.15px;white-space:nowrap">NAV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:896.87px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:1366.73px;white-space:nowrap">business </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:2171.86px;letter-spacing:-1.07px;white-space:nowrap">day </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:2532.15px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:2914.03px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:3248.65px;letter-spacing:-1.07px;white-space:nowrap">categorized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:4315.46px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:4553.83px;letter-spacing:-0.54px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7246px;left:5055.27px;white-space:nowrap">1.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:903.2px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:1285.09px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:1820.69px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:2409.15px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:2709.82px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:3283.99px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:3956.56px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">quotations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:4953.33px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:5287.95px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7591.2px;left:5639px;letter-spacing:-0.4px;white-space:nowrap">readily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:0px;letter-spacing:-0.7px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:818.88px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:1059.18px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:1359.85px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:1934.02px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:2279.06px;letter-spacing:-0.54px;white-space:nowrap">above </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:2863.65px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:3722.92px;letter-spacing:-0.68px;white-space:nowrap">procedures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:4770.5px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:5105.12px;white-space:nowrap">deemed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:5883.6px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7821.2px;left:6234.66px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.67px;white-space:nowrap">reflect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:617.03px;letter-spacing:-0.97px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:955.63px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:1474.04px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:1808.66px;letter-spacing:-0.46px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:2441.38px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:2653.96px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:2807.26px;white-space:nowrap">manner </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:3547.71px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:3957.74px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:4141.11px;letter-spacing:-0.48px;white-space:nowrap">intended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:4982.01px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:5216.62px;text-rendering:optimizeLegibility;letter-spacing:-0.67px;white-space:nowrap">reflect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8051.2px;left:5833.65px;white-space:nowrap">their </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:0px;letter-spacing:-0.97px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:338.59px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:857.01px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:1095.38px;letter-spacing:-0.29px;white-space:nowrap">determined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:2181.63px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:2394.22px;letter-spacing:-0.49px;white-space:nowrap">accordance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:3454.26px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:3892.86px;letter-spacing:-0.68px;white-space:nowrap">procedures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:4940.44px;letter-spacing:-0.84px;white-space:nowrap">approved </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:5825.17px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8281.2px;left:6085.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Pricing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:643.24px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">Committee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:1674.17px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:2056.05px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:2390.67px;letter-spacing:-0.59px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:3242.85px;letter-spacing:-1.07px;white-space:nowrap">categorized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:4309.66px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:4548.03px;letter-spacing:-0.54px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:5049.47px;white-space:nowrap">3. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:5264.53px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8511.2px;left:5482.28px;letter-spacing:-0.49px;white-space:nowrap">accordance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:0px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:438.6px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:783.64px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:1402.39px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:2261.66px;letter-spacing:-0.63px;white-space:nowrap">procedures, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:3363.06px;letter-spacing:-1.41px;white-space:nowrap">factors </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:4012.31px;letter-spacing:-0.49px;white-space:nowrap">considered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:5034.76px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8741.2px;left:5247.34px;letter-spacing:-0.27px;white-space:nowrap">determining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:0px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:518.42px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:938.44px;white-space:nowrap">include, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:1684.27px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:2034.89px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:2369.51px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:2720.57px;letter-spacing:-0.27px;white-space:nowrap">limited </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:3383.14px;letter-spacing:-1.61px;white-space:nowrap">to, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:3667.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:4012.31px;white-space:nowrap">type </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:4454.36px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:4684.56px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:5029.6px;white-space:nowrap">security; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8971.2px;left:5832.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:0px;letter-spacing:-1.07px;white-space:nowrap">size </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:373.29px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:603.5px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:948.54px;white-space:nowrap">holding; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:1713.92px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:2058.96px;text-rendering:optimizeLegibility;white-space:nowrap">initial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:2591.34px;letter-spacing:-0.97px;white-space:nowrap">cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:3001.9px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:3232.11px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:3577.15px;white-space:nowrap">security; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:4380.02px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:4725.06px;letter-spacing:-0.81px;white-space:nowrap">existence </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:5598.72px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9201.2px;left:5828.93px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:0px;letter-spacing:-0.72px;white-space:nowrap">contractual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:1047.69px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">restrictions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:2084.63px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:2363.39px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:2708.43px;letter-spacing:-0.68px;white-space:nowrap">security&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:3584.88px;text-rendering:optimizeLegibility;white-space:nowrap">disposition; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:4651.15px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:4996.19px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:5486.89px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9431.2px;left:5868.78px;letter-spacing:-0.92px;white-space:nowrap">extent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:230.21px;white-space:nowrap">public </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:813.51px;letter-spacing:-0.54px;white-space:nowrap">trading </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:1490.91px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:1703.5px;white-space:nowrap">similar </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:2337.39px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:3226.09px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:3456.3px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:3801.34px;white-space:nowrap">issuer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:4368.63px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:4608.94px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9661.2px;left:4839.14px;letter-spacing:-0.59px;white-space:nowrap">comparable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:0px;letter-spacing:-0.2px;white-space:nowrap">companies; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:1062.19px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">quotations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:2058.96px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:2299.26px;letter-spacing:-0.86px;white-space:nowrap">evaluated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:3211.16px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:3786.94px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:4262.71px;letter-spacing:-1.58px;white-space:nowrap">broker-dealers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:5587.33px;letter-spacing:-0.46px;white-space:nowrap">and/or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:6236.27px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:0px;letter-spacing:-0.72px;white-space:nowrap">appropriate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:1087.11px;letter-spacing:-0.81px;white-space:nowrap">stock </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:1594.68px;letter-spacing:-1.07px;white-space:nowrap">exchange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:2473.07px;letter-spacing:-1.07px;white-space:nowrap">(for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:2839.48px;letter-spacing:-0.87px;white-space:nowrap">exchange-traded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:4369.92px;text-rendering:optimizeLegibility;white-space:nowrap">securities); </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:5382.16px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:5649.75px;letter-spacing:-0.3px;white-space:nowrap">analysis </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:230.21px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:575.24px;letter-spacing:-1.4px;white-space:nowrap">company&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:1561.38px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:1801.68px;letter-spacing:-0.36px;white-space:nowrap">issuer&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:2504.65px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:3294.31px;letter-spacing:-1.03px;white-space:nowrap">statements; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:4385.82px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:4653.41px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">evaluation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:5620.31px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:5850.52px;white-space:nowrap">the </div></div>
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		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">23 </div></div>
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			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">




			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-1.23px;white-space:nowrap">forces </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:584.8px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:994.83px;text-rendering:optimizeLegibility;letter-spacing:-0.11px;white-space:nowrap">influence </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1859.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2204.51px;white-space:nowrap">issuer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2771.81px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3153.69px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3498.73px;letter-spacing:-0.86px;white-space:nowrap">market(s) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4387.86px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4600.45px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5174.62px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5519.66px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:0px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:183.37px;letter-spacing:-0.32px;white-space:nowrap">purchased </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1153.82px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1535.7px;white-space:nowrap">sold; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2005.89px;white-space:nowrap">and, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2441.59px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2880.2px;letter-spacing:-0.4px;white-space:nowrap">respect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3585.21px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3819.81px;letter-spacing:-0.21px;white-space:nowrap">debt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4278.08px;text-rendering:optimizeLegibility;white-space:nowrap">securities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5220.6px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5565.63px;letter-spacing:-1.93px;white-space:nowrap">maturity, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:0px;letter-spacing:-0.27px;white-space:nowrap">coupon, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:767.31px;letter-spacing:-0.3px;white-space:nowrap">creditworthiness, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2351.36px;letter-spacing:-0.36px;white-space:nowrap">currency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3170.99px;text-rendering:optimizeLegibility;letter-spacing:-0.15px;white-space:nowrap">denomination, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4513.01px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4894.89px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5239.93px;letter-spacing:-0.6px;white-space:nowrap">movement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:6247.87px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:345.04px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1017.61px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1230.2px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1804.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2149.4px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2894.48px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:3077.85px;white-space:nowrap">normally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:3904.14px;letter-spacing:-0.54px;white-space:nowrap">traded. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4592.39px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4971.48px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:5489.9px;letter-spacing:-0.29px;white-space:nowrap">determined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:0px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:577.18px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:1116.01px;letter-spacing:-0.68px;white-space:nowrap">procedures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2163.58px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2583.6px;text-rendering:optimizeLegibility;letter-spacing:-0.92px;white-space:nowrap">differ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:3100.52px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:3576.29px;white-space:nowrap">published </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:4488.41px;letter-spacing:-0.46px;white-space:nowrap">values </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:5091.9px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:5392.58px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:5737.62px;white-space:nowrap">same </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">securities.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:0px;letter-spacing:-0.29px;white-space:nowrap">Disclosure </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:954.44px;white-space:nowrap">about </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:1523.35px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:1868.39px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">classification </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:3037.03px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:3267.24px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:3612.28px;letter-spacing:-0.97px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:3950.87px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:4469.29px;letter-spacing:-0.41px;white-space:nowrap">measurements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:5838.27px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:0px;white-space:nowrap">included </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:806.31px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:1018.9px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:1172.19px;letter-spacing:-0.54px;white-space:nowrap">table </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:1666.11px;letter-spacing:-0.64px;white-space:nowrap">following </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:2521.41px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:2866.45px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:3485.2px;white-space:nowrap">Schedule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:4336.94px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:4567.15px;letter-spacing:-0.9px;white-space:nowrap">Investments.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2077.9px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2077.9px;left:891.68px;text-rendering:optimizeLegibility;letter-spacing:-1.18px;white-space:nowrap">Transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2077.9px;left:2026.38px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2077.9px;left:2402.9px;letter-spacing:-0.84px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:2077.9px;left:3433.52px;letter-spacing:-0.15px;white-space:nowrap">Income.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:4184.32px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070.4px;left:5223.52px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:0px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:334.62px;letter-spacing:-0.64px;white-space:nowrap">accounted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1307.22px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1607.89px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1886.65px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:2039.94px;letter-spacing:-0.72px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:2560.08px;letter-spacing:-0.86px;white-space:nowrap">date </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:3004.38px;white-space:nowrap">plus </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:3416.34px;white-space:nowrap">one </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:3803.81px;white-space:nowrap">basis </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:4290.11px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:4590.78px;white-space:nowrap">daily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:5052.48px;letter-spacing:-2.15px;white-space:nowrap">NAV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:5479.91px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">calculation. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:0px;letter-spacing:-2.98px;white-space:nowrap">However, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:871.41px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:1172.08px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:1961.74px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">reporting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:2834.22px;white-space:nowrap">purposes, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:3750.1px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:4784.14px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:1126.86px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:1461.47px;letter-spacing:-0.6px;white-space:nowrap">reported </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:2290.56px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:2569.32px;letter-spacing:-0.72px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:3089.45px;letter-spacing:-0.72px;white-space:nowrap">date. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:3587.57px;letter-spacing:-1.13px;white-space:nowrap">Interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:4318.04px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:5019.5px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:5202.87px;letter-spacing:-0.95px;white-space:nowrap">recorded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:6050px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:345.04px;white-space:nowrap">accrual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:1027.71px;white-space:nowrap">basis. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:1567.82px;white-space:nowrap">Dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:2396.58px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:3098.05px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:3281.42px;letter-spacing:-0.95px;white-space:nowrap">recorded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:4128.54px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:4407.3px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:4752.34px;letter-spacing:-0.81px;white-space:nowrap">ex-dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:5820.33px;letter-spacing:-0.86px;white-space:nowrap">date </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:0px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:343.96px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:574.17px;letter-spacing:-1.07px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:1246.31px;white-space:nowrap">withholding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:2342.76px;letter-spacing:-1.61px;white-space:nowrap">taxes. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:2896.74px;letter-spacing:-0.4px;white-space:nowrap">Certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:3584.24px;white-space:nowrap">dividends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:4478.85px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:4954.62px;letter-spacing:-1.07px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:5626.76px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:0px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:420.02px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:692.76px;letter-spacing:-0.95px;white-space:nowrap">recorded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:1539.89px;letter-spacing:-0.29px;white-space:nowrap">subsequent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:2617.76px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:2852.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:3197.41px;letter-spacing:-0.81px;white-space:nowrap">ex-dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:4265.4px;letter-spacing:-0.86px;white-space:nowrap">date </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:4709.7px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:4948.07px;white-space:nowrap">soon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:5426.63px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:5665px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:6010.04px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:0px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:183.37px;letter-spacing:-0.72px;white-space:nowrap">informed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:1042.85px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:1273.06px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:1730.03px;white-space:nowrap">dividends. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:2678.46px;white-space:nowrap">Due </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:3084.73px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:3319.34px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:3664.38px;white-space:nowrap">impact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:4320.4px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:4550.61px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:5430.07px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:5811.95px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">regulations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:1031.68px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:1413.56px;letter-spacing:-0.61px;white-space:nowrap">requirements, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:2709.18px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:3518.71px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:4220.18px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:4640.2px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:4991.25px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:5263.99px;letter-spacing:-0.86px;white-space:nowrap">recorded. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:0px;letter-spacing:-1.07px;white-space:nowrap">Realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:776.12px;letter-spacing:-0.72px;white-space:nowrap">gains </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:1276.17px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:1658.06px;white-space:nowrap">losses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:2235.02px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:2710.79px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:3744.83px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:4871.69px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:5206.31px;letter-spacing:-0.95px;white-space:nowrap">recorded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.4px;left:6053.44px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:0px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:267.59px;text-rendering:optimizeLegibility;letter-spacing:-0.2px;white-space:nowrap">identified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:1156.72px;letter-spacing:-0.97px;white-space:nowrap">cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:1567.29px;white-space:nowrap">basis. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:2107.4px;letter-spacing:-0.72px;white-space:nowrap">Proceeds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:2963.34px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:3439.11px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">litigation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:4253.48px;letter-spacing:-0.64px;white-space:nowrap">payments, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:5219.84px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:5383.88px;letter-spacing:-4.3px;white-space:nowrap">any, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.4px;left:5780.8px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.4px;left:0px;white-space:nowrap">included </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.4px;left:806.31px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.4px;left:1018.9px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.4px;left:1362.86px;letter-spacing:-0.95px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.4px;left:2098.81px;letter-spacing:-0.86px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.4px;left:2513.78px;white-space:nowrap">(loss) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.4px;left:3028.44px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.4px;left:3329.11px;letter-spacing:-0.9px;white-space:nowrap">investments.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:4953.1px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:4953.1px;left:891.68px;white-space:nowrap">Lending.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:1681.24px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">National </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:2473.04px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:3298.9px;letter-spacing:0.24px;white-space:nowrap">Services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:4067.61px;letter-spacing:-0.54px;white-space:nowrap">LLC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:4417.27px;white-space:nowrap">(Fidelity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:5171.91px;letter-spacing:-0.23px;white-space:nowrap">Agency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:0px;white-space:nowrap">Lending), </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:864.75px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:1103.12px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:1991.82px;white-space:nowrap">lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:2693.39px;letter-spacing:-0.54px;white-space:nowrap">agent, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:3295.17px;white-space:nowrap">lends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:3815.84px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:4704.54px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:4934.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:5279.79px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:5773.6px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:0px;letter-spacing:-0.4px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:663.33px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:1452.99px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">institutions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:2486.92px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:3064.1px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:3409.14px;letter-spacing:-0.36px;white-space:nowrap">terms </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:3972.68px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:4202.88px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:4458.54px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:5347.25px;white-space:nowrap">lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:0px;letter-spacing:-0.49px;white-space:nowrap">agreement. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:1067.45px;white-space:nowrap">During </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:1706.83px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:2051.87px;letter-spacing:-0.43px;white-space:nowrap">term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:2530.32px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:2760.53px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:3105.57px;white-space:nowrap">loans, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:3675.33px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:4020.37px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:4514.19px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">continues </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:5423.73px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:5658.34px;letter-spacing:-0.67px;white-space:nowrap">receive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:0px;letter-spacing:-1.13px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:725.31px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:1107.2px;white-space:nowrap">dividends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:2001.81px;letter-spacing:-1.02px;white-space:nowrap">generated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:2950.88px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:3210.84px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:3555.88px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:4444.58px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:4826.46px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:5061.07px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">participate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:6060.31px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:0px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:360.29px;letter-spacing:-0.2px;white-space:nowrap">changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:1131.04px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:1343.63px;white-space:nowrap">their </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:1813.07px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:2485.63px;letter-spacing:-0.46px;white-space:nowrap">value. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:3057.87px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:3436.96px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:3930.78px;letter-spacing:-0.72px;white-space:nowrap">requires </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:4705.4px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:5050.44px;letter-spacing:-1.18px;white-space:nowrap">borrowers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:6007.14px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:345.04px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:1233.74px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:1468.35px;letter-spacing:-0.6px;white-space:nowrap">maintain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:2291.85px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:3148.75px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:3587.35px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:3932.39px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:4426.21px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">consisting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:5348.96px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:5579.17px;letter-spacing:-0.43px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:6023.25px;white-space:nowrap">and/</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:0px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:240.3px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:1129px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:1734.76px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:1975.06px;letter-spacing:-0.78px;white-space:nowrap">guaranteed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:3034.88px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:3294.84px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:3639.88px;letter-spacing:-0.86px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:4032.4px;letter-spacing:-0.45px;white-space:nowrap">Government, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:5248.31px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:5503.97px;letter-spacing:-0.18px;white-space:nowrap">agencies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:0px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:240.3px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">instrumentalities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:1775.25px;letter-spacing:-0.54px;white-space:nowrap">having </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:2401.85px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:2555.14px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:3073.55px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:3296.99px;letter-spacing:-0.45px;white-space:nowrap">least </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:3762.24px;white-space:nowrap">equal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:4301.39px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:4536px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:4881.04px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:5399.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:5629.66px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:888.7px;white-space:nowrap">loaned. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:1596.4px;white-space:nowrap">When </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:2177.23px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:2522.27px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:3379.17px;letter-spacing:-0.81px;white-space:nowrap">falls </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:3775.56px;letter-spacing:-0.18px;white-space:nowrap">below </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:4364.23px;text-rendering:optimizeLegibility;white-space:nowrap">specified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:5200.72px;letter-spacing:-0.24px;white-space:nowrap">amounts, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:345.04px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:1233.74px;white-space:nowrap">lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:1935.31px;letter-spacing:-0.63px;white-space:nowrap">agent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:2483.27px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:2832.39px;white-space:nowrap">use </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:3190.21px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:3445.88px;letter-spacing:-0.54px;white-space:nowrap">best </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:3873.31px;text-rendering:optimizeLegibility;letter-spacing:-0.94px;white-space:nowrap">efforts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:4498.4px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:4733.01px;letter-spacing:-0.61px;white-space:nowrap">obtain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7245.6px;left:5346.17px;text-rendering:optimizeLegibility;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:0px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:856.9px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:1135.66px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:1480.7px;letter-spacing:-0.43px;white-space:nowrap">next </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:1915.65px;white-space:nowrap">business </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:2720.78px;letter-spacing:-1.07px;white-space:nowrap">day </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:3081.07px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:3315.68px;letter-spacing:-0.21px;white-space:nowrap">meet </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:3828.09px;letter-spacing:-0.72px;white-space:nowrap">required </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:4631.92px;letter-spacing:-0.27px;white-space:nowrap">amounts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:5457.78px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7475.6px;left:6034.96px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:888.7px;white-space:nowrap">lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:1590.27px;letter-spacing:-0.49px;white-space:nowrap">agreement. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:2657.72px;white-space:nowrap">During </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:3297.1px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:3642.14px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:3917.57px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:4639.87px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:5249.92px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:5710.87px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7705.6px;left:6037.43px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:345.04px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:838.86px;letter-spacing:-1.19px;white-space:nowrap">invested </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:1626.58px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:1971.62px;letter-spacing:-0.43px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:2415.7px;letter-spacing:-0.9px;white-space:nowrap">collateral, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:3326.43px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:3490.46px;letter-spacing:-4.3px;white-space:nowrap">any, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:3887.38px;letter-spacing:-0.86px;white-space:nowrap">into </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:4282.7px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:4435.99px;letter-spacing:-0.36px;white-space:nowrap">joint </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:4884.04px;letter-spacing:-0.54px;white-space:nowrap">trading </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7935.6px;left:5561.45px;letter-spacing:-0.54px;white-space:nowrap">account </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:212.59px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">affiliated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:1030.5px;letter-spacing:-0.18px;white-space:nowrap">money </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:1687.92px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:2360.49px;white-space:nowrap">funds, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:2957.75px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:3807.03px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:4281.51px;letter-spacing:-0.49px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:5443.6px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8165.6px;left:5640.72px;letter-spacing:-0.23px;white-space:nowrap">Agency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8395.6px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8395.6px;left:903.2px;text-rendering:optimizeLegibility;letter-spacing:-1.32px;white-space:nowrap">Portfolio, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8395.6px;left:1753.34px;letter-spacing:-0.2px;white-space:nowrap">managed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8395.6px;left:2623.03px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8395.6px;left:2882.99px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8395.6px;left:3357.47px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8395.6px;left:4396.67px;letter-spacing:-0.34px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8395.6px;left:5631.05px;letter-spacing:-0.21px;white-space:nowrap">Americas, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:0px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:365.13px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:839.61px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:1878.81px;letter-spacing:-0.34px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:3113.19px;letter-spacing:-0.21px;white-space:nowrap">Americas, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:4027.89px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:4393.02px;letter-spacing:-0.6px;white-space:nowrap">receives </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:5163.34px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8625.6px;left:5316.63px;letter-spacing:-0.34px;white-space:nowrap">management/</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.61px;white-space:nowrap">administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:1328.81px;letter-spacing:-1.61px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:1655.26px;white-space:nowrap">(0.12% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:2314.62px;letter-spacing:-0.49px;white-space:nowrap">annualized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:3315.68px;text-rendering:optimizeLegibility;letter-spacing:-1.07px;white-space:nowrap">effective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:4116.51px;letter-spacing:-1.72px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:4518.06px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:4756.43px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:4986.63px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:5447.58px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8855.6px;left:5774.14px;white-space:nowrap">2025) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:278.76px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:623.8px;letter-spacing:-0.43px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:1067.88px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:1924.79px;letter-spacing:-1.19px;white-space:nowrap">invested </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:2712.51px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:2925.1px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:3399.58px;letter-spacing:-0.49px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:4561.67px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:4758.79px;letter-spacing:-0.23px;white-space:nowrap">Agency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9085.6px;left:5447.58px;text-rendering:optimizeLegibility;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.93px;white-space:nowrap">Portfolio. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:854.43px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:1233.53px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:1727.34px;letter-spacing:-0.6px;white-space:nowrap">receives </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:2497.67px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">compensation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:3799.51px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:4100.19px;white-space:nowrap">lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:4801.76px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:5057.42px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9315.6px;left:5946.12px;white-space:nowrap">either </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:212.59px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:557.63px;letter-spacing:-1.07px;white-space:nowrap">form </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:1032.32px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:1262.53px;letter-spacing:-1.29px;white-space:nowrap">fees </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:1674.06px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:1914.37px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:2174.33px;white-space:nowrap">earning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:2892.44px;letter-spacing:-1.13px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:3617.75px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:3896.51px;letter-spacing:-1.19px;white-space:nowrap">invested </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:4684.24px;letter-spacing:-0.43px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:5128.32px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9545.6px;left:5985.22px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:230.21px;letter-spacing:-0.84px;white-space:nowrap">borrower </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:1106.12px;letter-spacing:-0.94px;white-space:nowrap">rebates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:1816.83px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:2198.71px;letter-spacing:-1.29px;white-space:nowrap">fees </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:2610.24px;white-space:nowrap">paid </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:3040.68px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:3275.29px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:3428.58px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:4317.29px;white-space:nowrap">lending </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:5018.86px;letter-spacing:-0.54px;white-space:nowrap">agent. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9775.6px;left:5620.63px;white-space:nowrap">Either </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:345.04px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:838.86px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:1079.16px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:1424.2px;letter-spacing:-0.84px;white-space:nowrap">borrower </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:2300.12px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:2720.14px;letter-spacing:-0.64px;white-space:nowrap">terminate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:3641.71px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:3986.75px;white-space:nowrap">loan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:4417.62px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:4641.05px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:5001.35px;text-rendering:optimizeLegibility;white-space:nowrap">time, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:5506.77px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10005.6px;left:5888.65px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:0px;letter-spacing:-2.79px;white-space:nowrap">borrower, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:909.33px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">after </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:1376.93px;text-rendering:optimizeLegibility;white-space:nowrap">notice, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:2030.92px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:2214.29px;letter-spacing:-0.72px;white-space:nowrap">required </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:3018.13px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:3252.73px;letter-spacing:-0.61px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:3859.45px;letter-spacing:-0.84px;white-space:nowrap">borrowed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:4773.83px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:5662.53px;white-space:nowrap">within </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10235.6px;left:6263.98px;white-space:nowrap">a </div></div>
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		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">24 </div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
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		<div style="height:532.99px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.576px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">







			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-1.01px;white-space:nowrap">standard </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:823.82px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1275.42px;white-space:nowrap">period. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1955.4px;letter-spacing:-0.54px;white-space:nowrap">There </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2515.82px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2935.84px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3208.58px;letter-spacing:-0.36px;white-space:nowrap">risks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3647.72px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3877.93px;letter-spacing:-0.72px;white-space:nowrap">delay </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4395.49px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4777.37px;letter-spacing:-0.81px;white-space:nowrap">costs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5273.02px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5485.61px;letter-spacing:-0.84px;white-space:nowrap">recovery </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:6299px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:888.7px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1129px;letter-spacing:-0.64px;white-space:nowrap">even </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1604.02px;white-space:nowrap">loss </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1987.2px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2217.4px;letter-spacing:-0.31px;white-space:nowrap">rights </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2764.18px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2976.77px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3321.81px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4178.71px;white-space:nowrap">should </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4819.7px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5164.74px;letter-spacing:-0.84px;white-space:nowrap">borrower </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:6040.65px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:6270.86px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:888.7px;letter-spacing:-0.97px;white-space:nowrap">fail </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:1200.01px;text-rendering:optimizeLegibility;letter-spacing:-1.16px;white-space:nowrap">financially. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2174px;white-space:nowrap">If </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2343.19px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2688.23px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3182.05px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3365.42px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3716.47px;white-space:nowrap">able </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4141.33px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4375.94px;letter-spacing:-1.07px;white-space:nowrap">recover </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5091.26px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5979.96px;letter-spacing:-0.36px;white-space:nowrap">lent, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:345.04px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:838.86px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1258.88px;white-space:nowrap">sell </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1599.51px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1944.55px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2801.46px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:3183.34px;letter-spacing:-0.36px;white-space:nowrap">purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4039.49px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4192.78px;letter-spacing:-0.45px;white-space:nowrap">replacement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:5359.71px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:212.59px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:557.63px;letter-spacing:-1.07px;white-space:nowrap">market, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:1284.01px;white-space:nowrap">incurring </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2122.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2467.16px;white-space:nowrap">risk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2823.37px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:3233.4px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:3578.44px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:4096.86px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:4327.06px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:4672.1px;letter-spacing:-0.45px;white-space:nowrap">replacement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:5839.02px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:0px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:183.37px;letter-spacing:-0.94px;white-space:nowrap">greater </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:873.66px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:1327.84px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:1672.88px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:2191.3px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:2421.5px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:2766.54px;letter-spacing:-0.9px;white-space:nowrap">collateral. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:3677.27px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:4056.36px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:4550.18px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:4733.54px;white-space:nowrap">also </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:5135.2px;white-space:nowrap">subject </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:5823.77px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:6058.38px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:0px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:1034.04px;letter-spacing:-0.36px;white-space:nowrap">risks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:1473.18px;letter-spacing:-0.39px;white-space:nowrap">associated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:2448.04px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:2886.64px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:3231.68px;letter-spacing:-1.07px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:4447.05px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:4677.26px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:5037.55px;letter-spacing:-0.43px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:5481.63px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:0px;letter-spacing:-0.54px;white-space:nowrap">received, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:853.36px;letter-spacing:0.2px;white-space:nowrap">including, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:1758.6px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:2109.23px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:2460.28px;letter-spacing:-0.27px;white-space:nowrap">limited </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:3122.86px;letter-spacing:-1.61px;white-space:nowrap">to, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:3406.99px;letter-spacing:-1.13px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:4132.3px;letter-spacing:-1.43px;white-space:nowrap">rate, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:4587.67px;letter-spacing:-0.46px;white-space:nowrap">credit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:5147.44px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:5529.33px;white-space:nowrap">liquidity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:6285.47px;white-space:nowrap">risk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:0px;letter-spacing:-0.39px;white-space:nowrap">associated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:974.85px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:1413.46px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:1870.43px;letter-spacing:-0.9px;white-space:nowrap">investments.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:0px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:258.78px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:488.98px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:949.93px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:1276.49px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:1826.06px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:2171.1px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:2664.92px;white-space:nowrap">had </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:3046.81px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:3935.51px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:4214.27px;white-space:nowrap">loan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:4645.14px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:5219.31px;letter-spacing:-1.07px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2185.2px;left:5710.65px;text-rendering:optimizeLegibility;white-space:nowrap">classified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:0px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:238.37px;letter-spacing:-0.31px;white-space:nowrap">common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:1071.32px;letter-spacing:-0.81px;white-space:nowrap">stock </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:1578.89px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:1791.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:2136.51px;white-space:nowrap">Schedule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:2988.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:3218.47px;letter-spacing:-0.83px;white-space:nowrap">Investments. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:4396.56px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:4775.65px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:5294.07px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:5524.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2415.2px;left:5869.32px;letter-spacing:-0.94px;white-space:nowrap">related </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:0px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:856.9px;letter-spacing:-0.9px;white-space:nowrap">exceeded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:1747.65px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:2092.69px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:2611.1px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:2841.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:3186.35px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:4075.05px;white-space:nowrap">loaned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:4728.93px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:4952.36px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.2px;left:5578.53px;white-space:nowrap">end. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:0px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:258.78px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:488.98px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:1115.15px;white-space:nowrap">end, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:1556.01px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:1901.04px;letter-spacing:-0.32px;white-space:nowrap">remaining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:2838.52px;letter-spacing:-0.72px;white-space:nowrap">contractual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:3886.2px;letter-spacing:-0.24px;white-space:nowrap">maturity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:4691.65px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:4921.86px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.2px;left:5266.89px;letter-spacing:-0.98px;white-space:nowrap">collateral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.2px;left:0px;letter-spacing:-0.49px;white-space:nowrap">agreements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.2px;left:1098.71px;letter-spacing:-1.07px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.2px;left:1590.06px;letter-spacing:-0.54px;white-space:nowrap">overnight </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.2px;left:2483.06px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3105.2px;left:2864.94px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">continuous.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3687.9px;left:0px;letter-spacing:-0.62px;white-space:nowrap">Foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3687.9px;left:696.04px;letter-spacing:-0.26px;white-space:nowrap">Currency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:3687.9px;left:1520.04px;text-rendering:optimizeLegibility;letter-spacing:-1.44px;white-space:nowrap">Translation.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:2591.06px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:2970.16px;letter-spacing:-0.36px;white-space:nowrap">books </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:3543.57px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:3925.46px;letter-spacing:-1.07px;white-space:nowrap">records </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:4634.66px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:4864.86px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:5209.9px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:5703.72px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:0px;letter-spacing:-0.49px;white-space:nowrap">maintained </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:1046.5px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:1259.09px;letter-spacing:-0.31px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:1904.7px;letter-spacing:-1.07px;white-space:nowrap">States </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.4px;left:2488.43px;letter-spacing:-0.54px;white-space:nowrap">dollars.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:0px;letter-spacing:-0.15px;white-space:nowrap">Assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:608.87px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:990.75px;text-rendering:optimizeLegibility;white-space:nowrap">liabilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:1814.03px;letter-spacing:-0.36px;white-space:nowrap">denominated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:3047.24px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:3259.82px;letter-spacing:-1.07px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:3931.96px;letter-spacing:-0.36px;white-space:nowrap">currency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:4751.59px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:5086.21px;letter-spacing:-0.78px;white-space:nowrap">translated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:0px;letter-spacing:-0.86px;white-space:nowrap">into </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:395.31px;letter-spacing:-0.31px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:1040.92px;letter-spacing:-1.07px;white-space:nowrap">States </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:1624.65px;letter-spacing:-0.54px;white-space:nowrap">dollars </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:2260.69px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:2484.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:2829.17px;letter-spacing:-0.68px;white-space:nowrap">prevailing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:3733.66px;letter-spacing:-1.07px;white-space:nowrap">exchange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:4612.05px;letter-spacing:-1.43px;white-space:nowrap">rates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:5098.67px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:5322.11px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:5948.27px;white-space:nowrap">end. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:936.5px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:1318.39px;white-space:nowrap">sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:1799.1px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:2029.31px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:3063.35px;text-rendering:optimizeLegibility;white-space:nowrap">securities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:4005.87px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:4707.33px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:5089.22px;letter-spacing:-0.36px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:5952.68px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:0px;letter-spacing:-0.78px;white-space:nowrap">translated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:939.62px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:1163.06px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:1508.1px;letter-spacing:-1.72px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:1909.64px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:2139.84px;letter-spacing:-1.07px;white-space:nowrap">exchange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:3018.23px;letter-spacing:-0.68px;white-space:nowrap">prevailing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:3922.72px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:4201.48px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:4546.52px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">respective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:5501.72px;letter-spacing:-0.72px;white-space:nowrap">dates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:230.21px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:687.18px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">transactions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:1867.85px;letter-spacing:-0.36px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:2237.92px;letter-spacing:-0.95px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:2973.87px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:3355.75px;letter-spacing:-0.78px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:4320.29px;letter-spacing:-0.72px;white-space:nowrap">gains </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:4820.34px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:5202.23px;white-space:nowrap">losses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:5779.19px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:0px;letter-spacing:-1.07px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:672.14px;letter-spacing:-0.36px;white-space:nowrap">currency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:1491.77px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:2618.62px;letter-spacing:-0.86px;white-space:nowrap">represent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:3523.54px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:3867.51px;letter-spacing:-0.72px;white-space:nowrap">gains </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:4367.56px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:4749.44px;white-space:nowrap">losses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:5326.41px;letter-spacing:-0.4px;white-space:nowrap">between </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:0px;letter-spacing:-0.72px;white-space:nowrap">trade </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:520.14px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:902.02px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">settlement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:1905.77px;letter-spacing:-0.72px;white-space:nowrap">dates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:2435.15px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:2713.91px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:3602.61px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">transactions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:4783.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:5128.32px;text-rendering:optimizeLegibility;white-space:nowrap">acquisition </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5635.6px;left:6134.11px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">disposition </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:1008.48px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:1238.68px;letter-spacing:-1.07px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:1910.82px;letter-spacing:-0.27px;white-space:nowrap">currencies, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:2929.61px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:3311.49px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:3656.53px;text-rendering:optimizeLegibility;letter-spacing:-0.88px;white-space:nowrap">difference </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:4595.51px;letter-spacing:-0.4px;white-space:nowrap">between </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:5422.76px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5865.6px;left:5767.8px;letter-spacing:-0.31px;white-space:nowrap">amount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:230.21px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:574.17px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:1608.21px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:2309.68px;white-space:nowrap">accrued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:3063.24px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:3445.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:3790.17px;letter-spacing:-0.86px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:4182.69px;white-space:nowrap">dollar </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:4737.95px;letter-spacing:-0.31px;white-space:nowrap">amount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6095.6px;left:5478.73px;white-space:nowrap">actually </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:0px;letter-spacing:-0.54px;white-space:nowrap">received. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:853.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:1232.45px;text-rendering:optimizeLegibility;white-space:nowrap">portion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:1935.21px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:2165.41px;white-space:nowrap">both </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:2630.76px;letter-spacing:-0.95px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:3366.71px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:3748.59px;letter-spacing:-0.78px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:4713.13px;letter-spacing:-0.72px;white-space:nowrap">gains </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:5213.18px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:5595.07px;white-space:nowrap">losses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6325.6px;left:6172.03px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:0px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:1119.12px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:1529.15px;letter-spacing:-0.4px;white-space:nowrap">results </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:2165.52px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:2641.29px;text-rendering:optimizeLegibility;letter-spacing:-0.17px;white-space:nowrap">fluctuations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:3733.66px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:3946.25px;letter-spacing:-1.07px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:4618.39px;letter-spacing:-0.36px;white-space:nowrap">currency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6555.6px;left:5438.02px;letter-spacing:-1.07px;white-space:nowrap">exchange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:0px;letter-spacing:-1.43px;white-space:nowrap">rates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:486.62px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:669.99px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:1021.04px;letter-spacing:-0.78px;white-space:nowrap">separately </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:1979.79px;white-space:nowrap">disclosed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:2842.38px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:3193.01px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:3376.38px;white-space:nowrap">included </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:4182.69px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:4621.29px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:4965.25px;letter-spacing:-0.95px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6785.6px;left:5701.2px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:0px;letter-spacing:-0.78px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:964.54px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">gain/appreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:2561.15px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:2943.04px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">loss/depreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:4516.23px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7015.6px;left:4794.99px;letter-spacing:-0.9px;white-space:nowrap">investments.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:7368.3px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">Contingencies.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:1320.91px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:1538.66px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:1883.7px;white-space:nowrap">normal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:2564.43px;letter-spacing:-0.92px;white-space:nowrap">course </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:3199.94px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:3430.14px;white-space:nowrap">business, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:4289.09px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:4634.13px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:5127.94px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:5547.96px;letter-spacing:-0.72px;white-space:nowrap">enter </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:6073.26px;letter-spacing:-0.86px;white-space:nowrap">into </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:0px;letter-spacing:-0.86px;white-space:nowrap">contracts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:866.36px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:1304.96px;letter-spacing:0.27px;white-space:nowrap">service </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:1974.09px;letter-spacing:-0.97px;white-space:nowrap">providers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:2848.29px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:3258.32px;letter-spacing:-0.94px;white-space:nowrap">contain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:3961.83px;letter-spacing:-0.74px;white-space:nowrap">general </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:4668.45px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">indemnification </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:0px;white-space:nowrap">clauses. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:742.39px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:1121.48px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:1740.23px;letter-spacing:-0.27px;white-space:nowrap">maximum </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:2668.36px;letter-spacing:-0.72px;white-space:nowrap">exposure </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:3525.37px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:4102.55px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:4641.38px;letter-spacing:-0.62px;white-space:nowrap">arrangements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:5922.38px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:0px;letter-spacing:-0.12px;white-space:nowrap">unknown, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:925.12px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:1163.49px;white-space:nowrap">this </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:1533.45px;letter-spacing:-0.36px;white-space:nowrap">would </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:2126.63px;letter-spacing:-1.01px;white-space:nowrap">involve </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:2796.73px;letter-spacing:-0.46px;white-space:nowrap">future </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:3394.42px;white-space:nowrap">claims </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:3997.49px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:4407.52px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:4827.54px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:5100.28px;white-space:nowrap">made </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:5650.61px;letter-spacing:-0.87px;white-space:nowrap">against </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:345.04px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:838.86px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:1248.89px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:1716.06px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:2067.12px;letter-spacing:-0.94px;white-space:nowrap">yet </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:2391.1px;letter-spacing:-0.32px;white-space:nowrap">occurred. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:3282.28px;letter-spacing:-2.98px;white-space:nowrap">However, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:4153.68px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:4729.36px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:5008.12px;letter-spacing:-0.27px;white-space:nowrap">experience, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:6081.9px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:0px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:493.82px;letter-spacing:-0.4px;white-space:nowrap">expects </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:1215.05px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:1560.09px;white-space:nowrap">risk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:1916.3px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:2146.5px;white-space:nowrap">loss </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:2529.68px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:2764.29px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510.8px;left:3037.03px;letter-spacing:-0.77px;white-space:nowrap">remote.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:8863.5px;left:0px;letter-spacing:-4.46px;white-space:nowrap">Tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:8863.5px;left:333.76px;text-rendering:optimizeLegibility;letter-spacing:-0.52px;white-space:nowrap">Information.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:1479.03px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:1858.12px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:2476.87px;white-space:nowrap">policy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:3043.31px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:3226.67px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:3461.28px;letter-spacing:-0.31px;white-space:nowrap">comply </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:4151.04px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:4589.64px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:4934.68px;letter-spacing:-0.66px;white-space:nowrap">requirements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:6176.48px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:345.04px;letter-spacing:-0.48px;white-space:nowrap">Internal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:1081.74px;letter-spacing:-0.94px;white-space:nowrap">Revenue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:1892.56px;white-space:nowrap">Code </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:2397.76px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:2627.97px;white-space:nowrap">1986, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:3177.54px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:3415.91px;white-space:nowrap">amended, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:4357.35px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:4931.52px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:5266.14px;letter-spacing:-0.2px;white-space:nowrap">applicable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9086px;left:6211.67px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:0px;letter-spacing:-0.75px;white-space:nowrap">regulated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:891.6px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:1925.64px;letter-spacing:-0.2px;white-space:nowrap">companies, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:2983.86px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:3365.74px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:3600.35px;letter-spacing:-0.44px;white-space:nowrap">distribute </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:4499.47px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:4749.87px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:4980.08px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:5235.74px;letter-spacing:-1.21px;white-space:nowrap">taxable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9316px;left:5918.84px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9546px;left:0px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9546px;left:234.61px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9546px;left:490.27px;letter-spacing:-0.58px;white-space:nowrap">shareholders.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.23px;white-space:nowrap">Additionally, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:1133.3px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:1478.34px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:1972.16px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:2392.18px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:2664.92px;white-space:nowrap">subject </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:3353.5px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:3588.11px;letter-spacing:-1.88px;white-space:nowrap">taxes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:4088.26px;white-space:nowrap">imposed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:4897.69px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9891.2px;left:5157.65px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:0px;letter-spacing:-0.54px;white-space:nowrap">governments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:1211.18px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:1441.39px;letter-spacing:-0.43px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:2314.19px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:2526.78px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:3100.95px;white-space:nowrap">it </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:3271.53px;letter-spacing:-0.95px;white-space:nowrap">invests. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:3977.29px;white-space:nowrap">Such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:4448.77px;letter-spacing:-1.88px;white-space:nowrap">taxes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:4948.93px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10121.2px;left:5283.54px;letter-spacing:-0.59px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:0px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:575.67px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:854.43px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:1555.9px;letter-spacing:-0.46px;white-space:nowrap">and/or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:2204.83px;letter-spacing:-0.67px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:2833.57px;letter-spacing:-0.72px;white-space:nowrap">gains </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:3333.62px;white-space:nowrap">earned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:4008.77px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:4249.07px;letter-spacing:-0.74px;white-space:nowrap">repatriated. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10351.2px;left:5340.91px;text-rendering:optimizeLegibility;letter-spacing:-0.7px;white-space:nowrap">Estimated </div></div>
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		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">25 </div></div>
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		<div style="height:531.95px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.576px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">






			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:312.28px;text-rendering:optimizeLegibility;white-space:nowrap">liabilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1135.56px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1414.32px;letter-spacing:-0.4px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2077.65px;letter-spacing:-1.07px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2749.79px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3638.49px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3973.11px;letter-spacing:-0.95px;white-space:nowrap">recorded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4820.23px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5098.99px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5366.58px;white-space:nowrap">accrual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:6049.25px;white-space:nowrap">basis </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:381.88px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:716.5px;text-rendering:optimizeLegibility;letter-spacing:-0.75px;white-space:nowrap">reflected </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1554.39px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1792.76px;letter-spacing:-0.39px;white-space:nowrap">components </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2944.22px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3174.42px;letter-spacing:-1.13px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3899.74px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4601.2px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4841.5px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5185.47px;letter-spacing:-0.23px;white-space:nowrap">change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5871.14px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:0px;letter-spacing:-0.78px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:964.54px;letter-spacing:-0.43px;white-space:nowrap">gain/loss </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:1792.66px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2071.42px;letter-spacing:-0.83px;white-space:nowrap">investments. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3244.36px;letter-spacing:-4.83px;white-space:nowrap">Tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3576.72px;text-rendering:optimizeLegibility;white-space:nowrap">liabilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4400px;letter-spacing:-0.95px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5135.95px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5374.32px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5527.61px;letter-spacing:-0.46px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:6078.9px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:0px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:745.08px;white-space:nowrap">sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1225.79px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1560.41px;text-rendering:optimizeLegibility;letter-spacing:-0.75px;white-space:nowrap">reflected </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2398.3px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2636.67px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2789.96px;letter-spacing:-0.43px;white-space:nowrap">component </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:3856.34px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4086.54px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4430.51px;letter-spacing:-0.95px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:5166.46px;letter-spacing:-0.43px;white-space:nowrap">gain/loss </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:5994.57px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:0px;letter-spacing:-0.9px;white-space:nowrap">investments.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:0px;letter-spacing:-1.61px;white-space:nowrap">At </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:241.16px;letter-spacing:-0.18px;white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:1012.13px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:1338.69px;white-space:nowrap">2024, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:1888.26px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:2233.3px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:2727.12px;white-space:nowrap">had </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:3109px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:3262.29px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:3606.26px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:3918.54px;white-space:nowrap">basis </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:4404.83px;letter-spacing:-0.67px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:5033.57px;white-space:nowrap">loss </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:5416.75px;letter-spacing:-0.79px;white-space:nowrap">carryforward </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:230.21px;letter-spacing:-0.92px;white-space:nowrap">approximately </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:1534.52px;white-space:nowrap">$84,560,000, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:2749.25px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:3323.42px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:3743.44px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:4016.18px;white-space:nowrap">applied </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:4718.18px;letter-spacing:-0.87px;white-space:nowrap">against </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:5391.4px;letter-spacing:-0.95px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:6127.34px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:0px;letter-spacing:-1.21px;white-space:nowrap">taxable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:683.1px;letter-spacing:-0.67px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:1311.84px;letter-spacing:-0.72px;white-space:nowrap">gains </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:1811.88px;text-rendering:optimizeLegibility;letter-spacing:-1.53px;white-space:nowrap">indefinitely, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:2882.77px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:3732.05px;letter-spacing:-0.88px;white-space:nowrap">short-term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:4732.58px;white-space:nowrap">losses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:5309.54px;white-space:nowrap">($16,129,000) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:381.88px;letter-spacing:-0.21px;white-space:nowrap">long-term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:1308.4px;white-space:nowrap">losses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:1885.36px;white-space:nowrap">($68,431,000). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:0px;letter-spacing:-1.61px;white-space:nowrap">At </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:241.16px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:702.11px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1028.67px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1578.24px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1923.28px;letter-spacing:-0.97px;white-space:nowrap">aggregate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:2845.39px;letter-spacing:-0.97px;white-space:nowrap">cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:3255.96px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:3486.16px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:4605.28px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:4905.96px;letter-spacing:-1.34px;white-space:nowrap">federal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:5570.36px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:0px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:312.28px;white-space:nowrap">purposes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:1174.34px;letter-spacing:-0.67px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:1563.74px;white-space:nowrap">$97,637,510. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:2778.47px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:3157.56px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:3501.52px;letter-spacing:-0.78px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:4466.06px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">depreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:5626.11px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530.4px;left:5926.79px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:0px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:1119.12px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:1694.79px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:1973.55px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:2285.83px;letter-spacing:-0.97px;white-space:nowrap">cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:2696.4px;letter-spacing:-0.67px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:3085.8px;white-space:nowrap">$2,248,954. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:4189.02px;white-space:nowrap">This </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:4593.04px;letter-spacing:-0.7px;white-space:nowrap">consisted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:5472.39px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760.4px;left:5702.6px;letter-spacing:-0.97px;white-space:nowrap">aggregate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:0px;letter-spacing:-0.72px;white-space:nowrap">gross </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:509.29px;letter-spacing:-0.78px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:1473.83px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">appreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:2628.72px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:2929.39px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:3179.79px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:4298.92px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:4599.59px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:5173.76px;letter-spacing:-0.54px;white-space:nowrap">there </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990.4px;left:5700.13px;letter-spacing:-0.67px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:0px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:267.59px;letter-spacing:-1.15px;white-space:nowrap">excess </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:882.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:1112.68px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:1631.09px;letter-spacing:-0.64px;white-space:nowrap">over </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:2073.67px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:2385.95px;letter-spacing:-0.97px;white-space:nowrap">cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:2796.51px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:3026.72px;white-space:nowrap">$33,217,320 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:4187.63px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:4569.51px;letter-spacing:-0.97px;white-space:nowrap">aggregate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.4px;left:5491.62px;letter-spacing:-0.72px;white-space:nowrap">gross </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:0px;letter-spacing:-0.78px;white-space:nowrap">unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:964.54px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">depreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:2124.59px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:2425.26px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:2675.66px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:3794.79px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:4095.46px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:4669.63px;letter-spacing:-0.54px;white-space:nowrap">there </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:5196px;letter-spacing:-0.67px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:5585.4px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.4px;left:5852.99px;letter-spacing:-1.15px;white-space:nowrap">excess </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:230.21px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:542.48px;letter-spacing:-0.97px;white-space:nowrap">cost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:953.05px;letter-spacing:-0.64px;white-space:nowrap">over </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:1395.63px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:1914.04px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.4px;left:2144.25px;white-space:nowrap">$35,466,274.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:379.09px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:872.91px;text-rendering:optimizeLegibility;white-space:nowrap">files </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:1278.54px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:1590.81px;letter-spacing:-0.54px;white-space:nowrap">returns </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:2282.61px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:2721.21px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:3066.25px;letter-spacing:-0.48px;white-space:nowrap">Internal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:3802.95px;letter-spacing:-0.94px;white-space:nowrap">Revenue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:4613.77px;letter-spacing:0.24px;white-space:nowrap">Service, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:5351.22px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:5696.26px;letter-spacing:-1.25px;white-space:nowrap">State </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4025.6px;left:6194.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:0px;letter-spacing:-0.27px;white-space:nowrap">New </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:451.49px;letter-spacing:-2.6px;white-space:nowrap">York, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:930.27px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:1312.16px;letter-spacing:-0.4px;white-space:nowrap">various </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:1997.51px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:2533.12px;letter-spacing:-1.28px;white-space:nowrap">states. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:3153.48px;text-rendering:optimizeLegibility;white-space:nowrap">Specific </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:3875.03px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:4109.64px;letter-spacing:-0.86px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:4502.16px;letter-spacing:-1.34px;white-space:nowrap">federal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:5166.56px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:5548.45px;letter-spacing:-1.7px;white-space:nowrap">state </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4255.6px;left:6029.91px;letter-spacing:-1.61px;white-space:nowrap">taxes, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:0px;letter-spacing:-2.1px;white-space:nowrap">generally, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:888.81px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:1358.67px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:1588.88px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:1933.92px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:2246.19px;letter-spacing:-1.16px;white-space:nowrap">years </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:2759.13px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:2971.72px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:3316.76px;letter-spacing:-1.56px;white-space:nowrap">four-year </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:4171.84px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:4798px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4485.6px;left:5408.05px;letter-spacing:-0.27px;white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:0px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:326.56px;white-space:nowrap">2024, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:876.13px;letter-spacing:-0.4px;white-space:nowrap">remains </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:1632.71px;white-space:nowrap">subject </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:2321.28px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:2555.89px;text-rendering:optimizeLegibility;letter-spacing:-0.81px;white-space:nowrap">examination </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:3688.87px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:3948.83px;letter-spacing:-0.77px;white-space:nowrap">taxing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:4527.08px;text-rendering:optimizeLegibility;white-space:nowrap">authorities. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4715.6px;left:5587.12px;text-rendering:optimizeLegibility;white-space:nowrap">Specific </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:0px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:234.61px;letter-spacing:-1.07px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:906.75px;letter-spacing:-0.43px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:1779.55px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:1992.14px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:2566.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:2911.35px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:3405.17px;letter-spacing:-0.95px;white-space:nowrap">invests, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:4110.93px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:4361.33px;white-space:nowrap">open </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:4863.1px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:5175.37px;letter-spacing:-1.16px;white-space:nowrap">years </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4945.6px;left:5688.31px;letter-spacing:-0.46px;white-space:nowrap">remain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:0px;white-space:nowrap">subject </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:688.57px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:923.18px;text-rendering:optimizeLegibility;letter-spacing:-0.81px;white-space:nowrap">examination </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:2056.16px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:2316.12px;letter-spacing:-0.77px;white-space:nowrap">taxing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:2894.38px;text-rendering:optimizeLegibility;white-space:nowrap">authorities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:3900.6px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:4113.18px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:4458.22px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">respective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5175.6px;left:5413.42px;text-rendering:optimizeLegibility;white-space:nowrap">jurisdictions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:379.09px;white-space:nowrap">open </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:880.86px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:1193.13px;letter-spacing:-1.16px;white-space:nowrap">years </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:1706.07px;letter-spacing:-0.43px;white-space:nowrap">vary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:2126.85px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:2386.81px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:2856.67px;text-rendering:optimizeLegibility;white-space:nowrap">jurisdiction </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:3885.34px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:4097.93px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:4672.1px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:5017.14px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5405.6px;left:5510.96px;letter-spacing:-0.66px;white-space:nowrap">invests. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5758.3px;left:0px;white-space:nowrap">Dividends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5758.3px;left:909.93px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5758.3px;left:1286.46px;text-rendering:optimizeLegibility;letter-spacing:-0.17px;white-space:nowrap">Distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5758.3px;left:2456.02px;letter-spacing:-0.68px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:179px;font-weight:bold;position:absolute;top:5758.3px;left:2687.14px;letter-spacing:-0.38px;white-space:nowrap">Shareholders.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:3938.02px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:4317.11px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:4810.93px;letter-spacing:-1.07px;white-space:nowrap">records </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750.8px;left:5520.13px;white-space:nowrap">dividends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:381.88px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:1535.38px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:1769.99px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:2025.65px;letter-spacing:-0.58px;white-space:nowrap">shareholders </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:3216.86px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:3495.62px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:3840.65px;letter-spacing:-0.81px;white-space:nowrap">ex-dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:4908.64px;letter-spacing:-0.72px;white-space:nowrap">date. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980.8px;left:5406.76px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">timing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:608.87px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:990.75px;letter-spacing:-0.64px;white-space:nowrap">character </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:1875.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:2105.47px;letter-spacing:-0.4px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:2768.8px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:3470.26px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:3852.15px;letter-spacing:-0.67px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:4480.89px;letter-spacing:-0.86px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:4895.86px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210.8px;left:6049.36px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:0px;letter-spacing:-0.29px;white-space:nowrap">determined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:1086.25px;white-space:nowrap">annually </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:1880.1px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:2092.69px;letter-spacing:-0.49px;white-space:nowrap">accordance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:3152.72px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:3591.33px;letter-spacing:-0.31px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:4236.93px;letter-spacing:-1.07px;white-space:nowrap">States </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:4820.66px;letter-spacing:-1.34px;white-space:nowrap">federal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440.8px;left:5485.07px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:0px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:312.28px;text-rendering:optimizeLegibility;letter-spacing:-0.41px;white-space:nowrap">regulations, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:1397.77px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:1971.94px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:2391.96px;text-rendering:optimizeLegibility;letter-spacing:-0.92px;white-space:nowrap">differ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:2908.88px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:3384.65px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:4400.64px;white-space:nowrap">principles </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670.8px;left:5302.13px;letter-spacing:-0.59px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:0px;letter-spacing:-0.36px;white-space:nowrap">accepted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:855.51px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:1068.1px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:1413.13px;letter-spacing:-0.31px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:2058.74px;letter-spacing:-1.07px;white-space:nowrap">States </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:2642.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:2872.68px;letter-spacing:-0.24px;white-space:nowrap">America. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:3702.29px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:4275.18px;text-rendering:optimizeLegibility;letter-spacing:-0.81px;white-space:nowrap">differences </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900.8px;left:5299.23px;white-space:nowrap">primarily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:0px;letter-spacing:-1.07px;white-space:nowrap">relate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:559.88px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:794.49px;letter-spacing:-0.4px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:1457.82px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:2346.52px;white-space:nowrap">sold </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:2758.92px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:2982.35px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:3135.64px;white-space:nowrap">loss. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:3572.64px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:3831.42px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:3984.71px;letter-spacing:-0.4px;white-space:nowrap">result, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:4589.81px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130.8px;left:4933.78px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:0px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:701.46px;white-space:nowrap">(loss) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:1216.12px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:1598.01px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:1941.97px;letter-spacing:-0.95px;white-space:nowrap">realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:2677.92px;letter-spacing:-0.86px;white-space:nowrap">gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:3092.89px;white-space:nowrap">(loss) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:3607.55px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:3886.31px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:4920.35px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360.8px;left:6047.21px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:0px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:153.29px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">reporting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:1025.77px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:1651.93px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:2071.95px;text-rendering:optimizeLegibility;letter-spacing:-0.92px;white-space:nowrap">differ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:2588.87px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">significantly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:3676.73px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:4152.5px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:5306px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590.8px;left:5926.14px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:0px;white-space:nowrap">period. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:679.98px;letter-spacing:-1.74px;white-space:nowrap">Accordingly, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:1788.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:2133.51px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:2627.32px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:3047.34px;letter-spacing:-0.17px;white-space:nowrap">periodically </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:4111.14px;letter-spacing:-1.5px;white-space:nowrap">make </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820.8px;left:4636.65px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">reclassifications </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:0px;white-space:nowrap">among </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:659.46px;letter-spacing:-0.4px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:1322.79px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:1553px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:1808.66px;letter-spacing:-0.67px;white-space:nowrap">capital </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:2437.4px;letter-spacing:-0.48px;white-space:nowrap">accounts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:3274.22px;white-space:nowrap">without </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:4014.14px;text-rendering:optimizeLegibility;white-space:nowrap">impacting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:4934.42px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:5279.46px;letter-spacing:-2.15px;white-space:nowrap">NAV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:5706.89px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050.8px;left:5937.1px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280.8px;left:0px;white-space:nowrap">Fund.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:379.09px;letter-spacing:-1.34px;white-space:nowrap">tax </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:691.37px;letter-spacing:-0.64px;white-space:nowrap">character </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:1575.88px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:1806.08px;letter-spacing:-0.67px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:2505.29px;letter-spacing:-0.54px;white-space:nowrap">year </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:2937.45px;text-rendering:optimizeLegibility;letter-spacing:-0.19px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:4090.95px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:4440.07px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:4712.81px;letter-spacing:-0.29px;white-space:nowrap">determined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:5799.06px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8626px;left:6022.5px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:0px;white-space:nowrap">end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:387.04px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:617.25px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:962.29px;letter-spacing:-0.67px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:1661.49px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">fiscal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8856px;left:2153.38px;letter-spacing:-4.39px;white-space:nowrap">year. </div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">26 </div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="height:533.05px;left:0px;position:absolute;top:0px;transform:translate(28.800px,24.475px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.32px) rotate(0deg) scale(0.05)">









			<div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">B. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:242.35px;letter-spacing:-0.92px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:1371.13px;letter-spacing:0.11px;white-space:nowrap">Advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:2258.33px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:2670.72px;text-rendering:optimizeLegibility;letter-spacing:-0.65px;white-space:nowrap">Administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:0px;left:4147.75px;letter-spacing:-0.47px;white-space:nowrap">Agreements</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:379.09px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:872.91px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:1056.28px;white-space:nowrap">party </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:1569px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:1803.61px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:2071.2px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:3110.4px;letter-spacing:0.12px;white-space:nowrap">Advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:3917.46px;letter-spacing:-0.54px;white-space:nowrap">Agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:4951.5px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:352.7px;left:5390.11px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">International </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:1186.26px;white-space:nowrap">GmbH </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:1798.56px;letter-spacing:-0.21px;white-space:nowrap">(&#8220;DWSI&#8221;). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:2692.1px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:3071.19px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:3565.01px;white-space:nowrap">also </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:3966.66px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:4319.33px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:582.7px;left:4586.91px;text-rendering:optimizeLegibility;letter-spacing:-0.61px;white-space:nowrap">Administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:1034.04px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:1472.65px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:1947.13px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:2986.33px;letter-spacing:-0.34px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:4220.71px;letter-spacing:-0.21px;white-space:nowrap">Americas, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:5135.41px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:812.7px;left:5500.54px;letter-spacing:-0.75px;white-space:nowrap">(&#8220;DIMA&#8221;). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:0px;letter-spacing:-0.43px;white-space:nowrap">DWSI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:528.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:910.08px;white-space:nowrap">DIMA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:1456.86px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:1791.47px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">affiliated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1042.7px;left:2609.38px;letter-spacing:-0.21px;white-space:nowrap">companies.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:0px;white-space:nowrap">Under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:602.74px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:947.78px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:1986.98px;letter-spacing:0.12px;white-space:nowrap">Advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:2794.04px;letter-spacing:-0.54px;white-space:nowrap">Agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:3828.09px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:4266.69px;letter-spacing:-0.36px;white-space:nowrap">DWSI, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:4848.7px;letter-spacing:-0.43px;white-space:nowrap">DWSI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:5376.89px;letter-spacing:-0.4px;white-space:nowrap">directs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1387.9px;left:6021.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:0px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:1119.12px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:1349.33px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:1694.37px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:2188.18px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:2400.77px;letter-spacing:-0.49px;white-space:nowrap">accordance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:3460.81px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:3899.41px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:4155.08px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1617.9px;left:5189.12px;text-rendering:optimizeLegibility;letter-spacing:-0.18px;white-space:nowrap">objectives, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:0px;white-space:nowrap">policies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:711.78px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:1093.66px;text-rendering:optimizeLegibility;letter-spacing:-0.42px;white-space:nowrap">restrictions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:2184.42px;letter-spacing:-0.43px;white-space:nowrap">DWSI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:2712.62px;letter-spacing:-0.29px;white-space:nowrap">determines </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:3769.65px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:4114.69px;text-rendering:optimizeLegibility;white-space:nowrap">securities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:5057.21px;letter-spacing:-0.4px;white-space:nowrap">instruments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1847.9px;left:6166.88px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:0px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:535.61px;letter-spacing:-0.86px;white-space:nowrap">contracts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:1401.96px;text-rendering:optimizeLegibility;letter-spacing:-0.6px;white-space:nowrap">relating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:2119.54px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:2354.15px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:3473.27px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:3707.88px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:3980.63px;letter-spacing:-0.29px;white-space:nowrap">purchased, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:5004.89px;white-space:nowrap">sold </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:5417.29px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2077.9px;left:5657.59px;letter-spacing:-0.94px;white-space:nowrap">entered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:0px;letter-spacing:-0.86px;white-space:nowrap">into </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:395.31px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:655.27px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2307.9px;left:1000.31px;white-space:nowrap">Fund.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:379.09px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:1418.29px;letter-spacing:0.12px;white-space:nowrap">Advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:2225.35px;letter-spacing:-0.54px;white-space:nowrap">Agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:3259.39px;letter-spacing:-0.6px;white-space:nowrap">provides </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:4062.05px;letter-spacing:-0.43px;white-space:nowrap">DWSI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:4590.24px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:5028.85px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:5182.14px;letter-spacing:-1.29px;white-space:nowrap">fee, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2653.1px;left:5562.41px;letter-spacing:-0.48px;white-space:nowrap">computed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:0px;letter-spacing:-0.31px;white-space:nowrap">weekly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:661.29px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:1043.17px;letter-spacing:-0.94px;white-space:nowrap">payable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:1775.36px;letter-spacing:-2.15px;white-space:nowrap">monthly, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:2594.78px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:2818.21px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:3163.25px;white-space:nowrap">annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:3811.54px;letter-spacing:-1.72px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:4213.09px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:4443.29px;white-space:nowrap">0.75% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:5036.9px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:5267.11px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2883.1px;left:5612.15px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:0px;letter-spacing:-1.48px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:738.2px;letter-spacing:-0.31px;white-space:nowrap">weekly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:1399.49px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:1743.46px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:2331.91px;white-space:nowrap">up </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:2610.24px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:2844.85px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:3226.74px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:4076.02px;white-space:nowrap">$100 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:4571.77px;white-space:nowrap">million, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:5272.59px;white-space:nowrap">0.60% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:5866.2px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3113.1px;left:6096.41px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:0px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:588.46px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:801.04px;letter-spacing:-1.15px;white-space:nowrap">excess </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:1415.93px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:1646.13px;white-space:nowrap">$100 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:2141.88px;white-space:nowrap">million </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:2788.89px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:3170.77px;white-space:nowrap">up </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:3449.1px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:3683.71px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:4065.6px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:4914.87px;white-space:nowrap">$500 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3343.1px;left:5410.63px;white-space:nowrap">million, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:0px;white-space:nowrap">0.55% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:593.61px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:823.82px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:1280.79px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:1869.25px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:2081.84px;letter-spacing:-1.15px;white-space:nowrap">excess </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:2696.72px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:2926.92px;white-space:nowrap">$500 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:3422.68px;white-space:nowrap">million </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:4069.68px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:4451.56px;white-space:nowrap">up </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:4729.89px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:4964.5px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3573.1px;left:5346.39px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:0px;white-space:nowrap">$750 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:495.75px;white-space:nowrap">million, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:1196.57px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:1578.46px;white-space:nowrap">0.50% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:2172.07px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:2402.28px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:2859.25px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:3447.71px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:3660.29px;letter-spacing:-1.15px;white-space:nowrap">excess </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:4275.18px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:4505.38px;white-space:nowrap">$750 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:5001.13px;white-space:nowrap">million. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3803.1px;left:5701.95px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">addition, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:832.41px;letter-spacing:-0.43px;white-space:nowrap">DWSI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:1360.61px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:1713.27px;letter-spacing:-0.46px;white-space:nowrap">agreed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:2374.02px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:2608.63px;letter-spacing:-0.21px;white-space:nowrap">implement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:3619.69px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:3772.98px;letter-spacing:-0.54px;white-space:nowrap">temporary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:4753.63px;text-rendering:optimizeLegibility;white-space:nowrap">partial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:5368.3px;letter-spacing:-1.61px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4033.1px;left:5694.76px;letter-spacing:-3.56px;white-space:nowrap">waiver. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.61px;white-space:nowrap">Effective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:794.28px;letter-spacing:-0.24px;white-space:nowrap">February </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:1632.6px;white-space:nowrap">24, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:1959.16px;white-space:nowrap">2022, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:2508.73px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:2853.77px;letter-spacing:-1.61px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:3180.22px;letter-spacing:-0.94px;white-space:nowrap">payable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:3912.41px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:4172.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:4517.41px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:5011.23px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:5245.84px;letter-spacing:-0.43px;white-space:nowrap">DWSI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4263.1px;left:5774.03px;letter-spacing:-0.67px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:0px;letter-spacing:-0.4px;white-space:nowrap">reduced </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:776.23px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:1036.19px;white-space:nowrap">50% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:1464.48px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">until </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:1908.35px;white-space:nowrap">further </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:2585.11px;text-rendering:optimizeLegibility;white-space:nowrap">notice </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:3185.27px;white-space:nowrap">(but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:3601.64px;letter-spacing:-0.54px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:4355.96px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:4579.39px;letter-spacing:-0.45px;white-space:nowrap">least </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:5044.64px;letter-spacing:-0.32px;white-space:nowrap">September </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4493.1px;left:6067.62px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:0px;white-space:nowrap">2025) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:561.49px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:821.46px;letter-spacing:-0.43px;white-space:nowrap">DWSI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:1349.65px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:1584.26px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4723.1px;left:1929.3px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:0px;letter-spacing:-1.74px;white-space:nowrap">Accordingly, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:1108.49px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:1409.16px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:1754.2px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:2029.63px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:2751.93px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:3361.98px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:3822.93px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:4149.49px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:4699.06px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:5044.1px;letter-spacing:-1.61px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5068.3px;left:5370.56px;letter-spacing:-0.72px;white-space:nowrap">pursuant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:0px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:234.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:579.65px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:1618.85px;letter-spacing:0.12px;white-space:nowrap">Advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:2425.91px;letter-spacing:-0.54px;white-space:nowrap">Agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:3459.95px;letter-spacing:-0.88px;white-space:nowrap">aggregated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:4496.36px;white-space:nowrap">$283,108, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:5434.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5298.3px;left:5664.46px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:0px;white-space:nowrap">$141,554 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:884.08px;letter-spacing:-0.67px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:1273.49px;letter-spacing:-0.69px;white-space:nowrap">waived </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:1944.01px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:2759.56px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:2972.15px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:3239.74px;letter-spacing:-0.49px;white-space:nowrap">annualized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:4240.8px;letter-spacing:-1.72px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:4642.34px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:4872.55px;white-space:nowrap">0.37% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:5466.16px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5528.3px;left:5696.37px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5758.3px;left:0px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5758.3px;left:618.75px;letter-spacing:-1.48px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5758.3px;left:1356.95px;letter-spacing:-0.31px;white-space:nowrap">weekly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5758.3px;left:2018.24px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5758.3px;left:2362.21px;letter-spacing:-0.15px;white-space:nowrap">assets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:0px;white-space:nowrap">Under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:602.74px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:947.78px;text-rendering:optimizeLegibility;letter-spacing:-0.61px;white-space:nowrap">Administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:2297px;letter-spacing:-0.54px;white-space:nowrap">Agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:3331.04px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:3769.65px;letter-spacing:0.18px;white-space:nowrap">DIMA, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:4371.32px;white-space:nowrap">DIMA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:4918.1px;letter-spacing:-0.6px;white-space:nowrap">provides </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6103.5px;left:5720.75px;letter-spacing:-0.4px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:0px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:458.37px;text-rendering:optimizeLegibility;letter-spacing:-0.61px;white-space:nowrap">administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:1787.18px;letter-spacing:0.24px;white-space:nowrap">services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:2541.39px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:2776px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:3121.04px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:3668.67px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:4047.76px;text-rendering:optimizeLegibility;letter-spacing:-0.61px;white-space:nowrap">Administration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6333.5px;left:5396.98px;letter-spacing:-0.54px;white-space:nowrap">Agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:0px;letter-spacing:-0.6px;white-space:nowrap">provides </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:802.66px;white-space:nowrap">DIMA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:1349.43px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:1788.04px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:2055.63px;white-space:nowrap">annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:2703.92px;letter-spacing:-1.29px;white-space:nowrap">fee, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:3084.19px;letter-spacing:-0.48px;white-space:nowrap">computed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:4035.84px;letter-spacing:-0.31px;white-space:nowrap">weekly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:4697.13px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:5079.01px;letter-spacing:-0.94px;white-space:nowrap">payable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6563.5px;left:5811.2px;letter-spacing:-2.15px;white-space:nowrap">monthly, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:230.21px;white-space:nowrap">0.20% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:823.82px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:1054.02px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:1399.06px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:2017.81px;letter-spacing:-1.48px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:2756.02px;letter-spacing:-0.31px;white-space:nowrap">weekly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:3417.3px;letter-spacing:-0.27px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6793.5px;left:3761.27px;letter-spacing:-0.15px;white-space:nowrap">assets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:7306.8px;left:0px;white-space:nowrap">C. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:7306.8px;left:235.17px;text-rendering:optimizeLegibility;letter-spacing:-1.3px;white-space:nowrap">Transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:7306.8px;left:1477.93px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:7306.8px;left:1960.95px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">Affiliates</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:0px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:474.48px;letter-spacing:0.27px;white-space:nowrap">Service </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:1158.12px;letter-spacing:-0.54px;white-space:nowrap">Company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:2039.19px;letter-spacing:1.25px;white-space:nowrap">(&#8220;DSC&#8221;), </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:2816.39px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:3083.97px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">affiliate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:3787.59px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:4017.79px;letter-spacing:0.18px;white-space:nowrap">DIMA, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:4619.46px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:4802.83px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7659.5px;left:5147.87px;letter-spacing:-1.43px;white-space:nowrap">transfer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:0px;letter-spacing:-0.54px;white-space:nowrap">agent, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:601.78px;letter-spacing:-0.27px;white-space:nowrap">dividend-paying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:2055.2px;letter-spacing:-0.63px;white-space:nowrap">agent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:2603.15px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:2985.04px;letter-spacing:-0.27px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:4095.46px;letter-spacing:0.27px;white-space:nowrap">service </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:4764.59px;letter-spacing:-0.63px;white-space:nowrap">agent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:5312.55px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7889.5px;left:5542.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:0px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:547.64px;letter-spacing:-0.95px;white-space:nowrap">Pursuant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:1380.16px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:1614.77px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:1768.06px;letter-spacing:-0.99px;white-space:nowrap">sub-transfer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:2887.29px;letter-spacing:-0.23px;white-space:nowrap">agency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:3555.66px;letter-spacing:-0.54px;white-space:nowrap">agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:4569.3px;letter-spacing:-0.4px;white-space:nowrap">between </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:5396.55px;white-space:nowrap">DSC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8119.5px;left:5797.13px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:0px;white-space:nowrap">SS&amp;C </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:514.01px;white-space:nowrap">GIDS, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:1042.42px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:1407.55px;letter-spacing:1.13px;white-space:nowrap">(&#8220;SS&amp;C&#8221;), </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:2298.18px;white-space:nowrap">DSC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:2698.76px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:3051.43px;letter-spacing:-0.86px;white-space:nowrap">delegated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:3974.82px;letter-spacing:-0.4px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:4638.15px;letter-spacing:-1.43px;white-space:nowrap">transfer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:5376.36px;letter-spacing:-0.63px;white-space:nowrap">agent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8349.5px;left:5924.32px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:0px;letter-spacing:-0.27px;white-space:nowrap">dividend-paying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:1453.42px;letter-spacing:-0.63px;white-space:nowrap">agent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:2001.38px;text-rendering:optimizeLegibility;white-space:nowrap">functions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:2872.25px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:3106.86px;white-space:nowrap">SS&amp;C. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:3674.69px;white-space:nowrap">DSC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:4075.26px;letter-spacing:-0.54px;white-space:nowrap">compensates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:5292.89px;white-space:nowrap">SS&amp;C </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:5806.9px;white-space:nowrap">out </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8579.5px;left:6157.96px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:345.04px;letter-spacing:-1.61px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:671.49px;white-space:nowrap">it </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:842.08px;letter-spacing:-0.6px;white-space:nowrap">receives </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:1612.4px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:2088.17px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:2433.21px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:2980.85px;letter-spacing:-0.81px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:3319.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:3664.16px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:3939.59px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:4661.89px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:5271.94px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:5732.89px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8809.5px;left:6059.45px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:345.04px;letter-spacing:-0.31px;white-space:nowrap">amount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:1085.82px;letter-spacing:-0.6px;white-space:nowrap">charged </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:1844.11px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:2078.72px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:2423.76px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:2917.58px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:3177.54px;white-space:nowrap">DSC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:3578.12px;white-space:nowrap">included </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:4384.42px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:4597.01px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:4942.05px;letter-spacing:-0.97px;white-space:nowrap">Statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9039.5px;left:5907.88px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">Operations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:1022.87px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:1600.05px;letter-spacing:0.21px;white-space:nowrap">&#8220;Services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:2458.78px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:2693.39px;letter-spacing:-0.54px;white-space:nowrap">shareholders&#8221; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:3974.61px;letter-spacing:-0.88px;white-space:nowrap">aggregated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:5011.02px;white-space:nowrap">$4,496, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:5725.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9269.5px;left:5956.11px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9499.5px;left:0px;white-space:nowrap">$746 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9499.5px;left:495.75px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9499.5px;left:679.12px;white-space:nowrap">unpaid.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:0px;white-space:nowrap">Under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:602.74px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:870.33px;letter-spacing:-0.54px;white-space:nowrap">agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:1883.96px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:2322.57px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:2667.61px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:3215.24px;white-space:nowrap">DIMA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:3762.02px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:3945.39px;letter-spacing:-0.54px;white-space:nowrap">compensated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:5192.24px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9844.7px;left:5492.91px;letter-spacing:-0.54px;white-space:nowrap">providing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:0px;letter-spacing:-0.4px;white-space:nowrap">certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:663.33px;letter-spacing:-0.64px;white-space:nowrap">pre-press </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:1541.83px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:1923.71px;letter-spacing:-0.59px;white-space:nowrap">regulatory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:2880.95px;text-rendering:optimizeLegibility;white-space:nowrap">filing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:3358.76px;letter-spacing:0.24px;white-space:nowrap">services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:4112.97px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:4347.58px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:4692.62px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:5240.25px;letter-spacing:-0.81px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:5578.53px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10074.7px;left:5923.56px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:0px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:722.3px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:1332.35px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:1793.3px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:2119.86px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:2669.43px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:3014.47px;letter-spacing:-0.31px;white-space:nowrap">amount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:3755.25px;letter-spacing:-0.6px;white-space:nowrap">charged </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:4513.54px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:4748.15px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:5093.19px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:5587.01px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10304.7px;left:5846.97px;white-space:nowrap">DIMA </div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">27 </div></div>
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		<div style="height:533.33px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.576px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">










			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">included </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:806.31px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1018.9px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1363.94px;letter-spacing:-0.97px;white-space:nowrap">Statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2329.77px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2559.97px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">Operations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3582.84px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4160.02px;letter-spacing:-0.48px;white-space:nowrap">&#8220;Reports </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4983.52px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5218.13px;letter-spacing:-0.58px;white-space:nowrap">shareholders </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:381.88px;letter-spacing:-0.27px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1492.3px;text-rendering:optimizeLegibility;letter-spacing:-0.13px;white-space:nowrap">meeting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2268.96px;letter-spacing:-0.32px;white-space:nowrap">expenses&#8221; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3222.44px;letter-spacing:-0.88px;white-space:nowrap">aggregated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4258.85px;white-space:nowrap">$296, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4808.42px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5038.62px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5612.79px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5863.19px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:0px;white-space:nowrap">unpaid.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:0px;white-space:nowrap">Deutsche </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:880.21px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:1362.54px;letter-spacing:-0.27px;white-space:nowrap">AG, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:1727.02px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:2072.06px;white-space:nowrap">majority </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:2858.39px;letter-spacing:-0.27px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:3968.81px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:4181.4px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:4526.44px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:5000.92px;letter-spacing:-0.61px;white-space:nowrap">Group, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:5657.37px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:805.2px;left:6039.26px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">affiliates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:788.69px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:1208.71px;letter-spacing:-0.67px;white-space:nowrap">receive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:1893.96px;letter-spacing:-1.77px;white-space:nowrap">brokerage </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:2827.77px;letter-spacing:-0.18px;white-space:nowrap">commissions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:4013.07px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:4251.44px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:4404.73px;letter-spacing:-0.46px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:4956.02px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1035.2px;left:5186.22px;text-rendering:optimizeLegibility;letter-spacing:-0.91px;white-space:nowrap">executing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:0px;letter-spacing:-0.23px;white-space:nowrap">agency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:668.38px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:1795.23px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:2007.82px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:2815.85px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:3704.55px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:3983.31px;white-space:nowrap">behalf </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:4588.2px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:4818.41px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:5163.45px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:5711.08px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1265.2px;left:6121.11px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:572.67px;letter-spacing:-0.29px;white-space:nowrap">determined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:1658.92px;letter-spacing:-1.07px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:2150.26px;text-rendering:optimizeLegibility;letter-spacing:-1.19px;white-space:nowrap">effected </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:2921.77px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:3134.36px;letter-spacing:-0.2px;white-space:nowrap">compliance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:4195.79px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:4634.39px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:4979.43px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:5598.18px;white-space:nowrap">Rule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1495.2px;left:6036.57px;white-space:nowrap">17e-1 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:0px;letter-spacing:-0.63px;white-space:nowrap">procedures. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:1101.4px;letter-spacing:-0.81px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:1439.67px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:1784.71px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:2060.14px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:2782.44px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:3392.49px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:3853.44px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:4180px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:4729.57px;white-space:nowrap">Deutsche </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:5609.79px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1725.2px;left:6092.11px;white-space:nowrap">did </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:0px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:351.05px;letter-spacing:-0.67px;white-space:nowrap">receive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:1036.3px;letter-spacing:-1.77px;white-space:nowrap">brokerage </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:1970.12px;letter-spacing:-0.18px;white-space:nowrap">commissions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:3155.41px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:3631.18px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1955.2px;left:3976.22px;white-space:nowrap">Fund.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:0px;letter-spacing:-0.4px;white-space:nowrap">Certain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:687.5px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">Officers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1414.1px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1644.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:1989.35px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:2483.16px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:2817.78px;white-space:nowrap">also </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:3219.43px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">officers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:3916.82px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300.4px;left:4147.02px;letter-spacing:0.21px;white-space:nowrap">DIMA.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:379.09px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:872.91px;letter-spacing:-1.4px;white-space:nowrap">pays </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:1315.6px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:1785.46px;letter-spacing:-0.6px;white-space:nowrap">Director </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:2552.88px;white-space:nowrap">who </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:2985.36px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:3168.73px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:3519.79px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:3787.37px;letter-spacing:-1.03px;white-space:nowrap">&#8220;interested </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:4823.56px;letter-spacing:-0.54px;white-space:nowrap">person&#8221; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:5571.97px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:5802.18px;white-space:nowrap">DIMA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2645.6px;left:6348.96px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.6px;left:0px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.6px;left:474.48px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">International </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.6px;left:1660.74px;white-space:nowrap">GmbH </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.6px;left:2273.05px;letter-spacing:-0.84px;white-space:nowrap">retainer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2875.6px;left:3023.07px;letter-spacing:-1.29px;white-space:nowrap">fees.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:379.09px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:872.91px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:1292.93px;letter-spacing:-1.23px;white-space:nowrap">invest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:1859.79px;letter-spacing:-0.43px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:2303.88px;white-space:nowrap">balances </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:3125.22px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:3337.81px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:3812.29px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:4496.57px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220.8px;left:4966.97px;letter-spacing:-0.34px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:0px;letter-spacing:-0.49px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:1162.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:1709.73px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:2283.9px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:2467.27px;letter-spacing:-0.2px;white-space:nowrap">managed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:3336.95px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:3596.91px;letter-spacing:0.18px;white-space:nowrap">DIMA. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:4198.58px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:4577.68px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:5071.49px;letter-spacing:-0.29px;white-space:nowrap">indirectly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450.8px;left:5939.68px;letter-spacing:-0.72px;white-space:nowrap">bears </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:0px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:255.66px;text-rendering:optimizeLegibility;letter-spacing:-0.61px;white-space:nowrap">proportionate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:1539.25px;letter-spacing:-0.54px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:2073.24px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:2303.45px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:2648.49px;letter-spacing:-0.36px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:3511.94px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:3742.15px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:4216.63px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:4900.91px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680.8px;left:5371.31px;letter-spacing:-0.34px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.8px;left:0px;letter-spacing:-0.49px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.8px;left:1162.09px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.8px;left:1709.73px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.8px;left:2184.21px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.8px;left:2868.49px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.8px;left:3338.89px;letter-spacing:-0.34px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.8px;left:4573.27px;letter-spacing:-0.49px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910.8px;left:5735.36px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:0px;white-space:nowrap">does </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:472.55px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:823.6px;letter-spacing:-1.07px;white-space:nowrap">pay </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:1183.9px;white-space:nowrap">DIMA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:1730.67px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:1998.26px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:3032.3px;letter-spacing:-0.34px;white-space:nowrap">management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:4254.87px;letter-spacing:-1.29px;white-space:nowrap">fee. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:4635.15px;letter-spacing:-0.54px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:5109.63px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140.8px;left:5793.91px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:0px;letter-spacing:-0.34px;white-space:nowrap">Management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:1234.38px;letter-spacing:-0.49px;white-space:nowrap">Government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:2396.47px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:2890.29px;letter-spacing:-0.36px;white-space:nowrap">seeks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:3422.46px;letter-spacing:-0.27px;white-space:nowrap">maximum </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:4350.59px;letter-spacing:-0.67px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:5049.79px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:5751.26px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370.8px;left:5985.87px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.8px;left:0px;letter-spacing:-0.92px;white-space:nowrap">extent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.8px;left:611.66px;letter-spacing:-0.83px;white-space:nowrap">consistent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.8px;left:1561.16px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.8px;left:1999.77px;letter-spacing:-0.59px;white-space:nowrap">stability </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.8px;left:2733.78px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600.8px;left:2963.98px;white-space:nowrap">principal.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:5114.1px;left:0px;letter-spacing:-1.68px;white-space:nowrap">D. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:5114.1px;left:253.36px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:5114.1px;left:1131.81px;text-rendering:optimizeLegibility;white-space:nowrap">Securities</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5466.8px;left:0px;letter-spacing:-0.54px;white-space:nowrap">Purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5466.8px;left:936.5px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5466.8px;left:1318.39px;white-space:nowrap">sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5466.8px;left:1799.1px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5466.8px;left:2029.31px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5466.8px;left:3063.35px;text-rendering:optimizeLegibility;white-space:nowrap">securities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5466.8px;left:4005.87px;letter-spacing:-0.81px;white-space:nowrap">excluding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5466.8px;left:4885.01px;letter-spacing:-0.88px;white-space:nowrap">short-term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:0px;letter-spacing:-0.83px;white-space:nowrap">investments, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:1172.94px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:1473.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:1818.65px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:2094.08px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:2816.39px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:3426.44px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:3887.38px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:4213.95px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:4709.7px;letter-spacing:-1.07px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5696.8px;left:5201.04px;white-space:nowrap">$10,226,653 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5926.8px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5926.8px;left:381.88px;white-space:nowrap">$13,225,473, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5926.8px;left:1596.61px;text-rendering:optimizeLegibility;letter-spacing:-1.57px;white-space:nowrap">respectively.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:0px;white-space:nowrap">E. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:225.62px;text-rendering:optimizeLegibility;letter-spacing:-0.8px;white-space:nowrap">Investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:1137.87px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:1369.78px;letter-spacing:-0.3px;white-space:nowrap">Emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:2313.93px;letter-spacing:-0.98px;white-space:nowrap">Markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:3152.06px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:3383.96px;letter-spacing:-0.9px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:4121.25px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:4533.63px;letter-spacing:-1.05px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:6440.1px;left:5295.39px;letter-spacing:-0.47px;white-space:nowrap">Europe</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.86px;white-space:nowrap">Investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:836.28px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:1048.87px;letter-spacing:-0.36px;white-space:nowrap">emerging </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:1931.77px;letter-spacing:-1.07px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:2689.41px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:3109.43px;letter-spacing:-1.01px;white-space:nowrap">involve </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:3779.53px;white-space:nowrap">special </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:4431.58px;letter-spacing:-0.36px;white-space:nowrap">risks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:4870.72px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6792.8px;left:5252.61px;text-rendering:optimizeLegibility;letter-spacing:-0.57px;white-space:nowrap">considerations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:0px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:351.05px;letter-spacing:-0.21px;white-space:nowrap">typically </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:1122.02px;letter-spacing:-0.39px;white-space:nowrap">associated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:2096.88px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:2535.48px;text-rendering:optimizeLegibility;letter-spacing:-0.86px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:3366.6px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:3579.19px;letter-spacing:-0.32px;white-space:nowrap">developed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:4554.79px;letter-spacing:-0.95px;white-space:nowrap">markets. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.8px;left:5366.26px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:0px;letter-spacing:-0.36px;white-space:nowrap">risks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:439.14px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:1131.15px;letter-spacing:-0.36px;white-space:nowrap">currency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:1950.78px;text-rendering:optimizeLegibility;letter-spacing:-0.15px;white-space:nowrap">fluctuations, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:3096.97px;white-space:nowrap">high </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:3526.98px;letter-spacing:-1.43px;white-space:nowrap">rates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:4013.6px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:4243.81px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">inflation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:5018.43px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.8px;left:5258.73px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">deflation, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.58px;white-space:nowrap">repatriation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:1093.02px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">restrictions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:2129.96px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:2408.72px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:3110.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:3492.07px;letter-spacing:-0.6px;white-space:nowrap">capital, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:4174.63px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:4556.51px;letter-spacing:-0.81px;white-space:nowrap">adverse </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:5292.78px;text-rendering:optimizeLegibility;letter-spacing:-0.2px;white-space:nowrap">political, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.8px;left:6085.13px;white-space:nowrap">social </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:381.88px;letter-spacing:-0.24px;white-space:nowrap">economic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:1291.64px;letter-spacing:-0.38px;white-space:nowrap">developments. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:2650.31px;letter-spacing:-2.69px;white-space:nowrap">Moreover, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:3608.19px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:4496.89px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:5102.65px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:5315.23px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.8px;left:5854.06px;letter-spacing:-1.07px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:0px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:420.02px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:692.76px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:1069.92px;white-space:nowrap">liquid, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:1662.03px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:2082.05px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:2354.79px;white-space:nowrap">subject </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:3043.37px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:3277.98px;letter-spacing:-0.59px;white-space:nowrap">government </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:4404.08px;letter-spacing:-0.54px;white-space:nowrap">ownership </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:5377.97px;letter-spacing:-0.95px;white-space:nowrap">controls </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.8px;left:6138.19px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:0px;letter-spacing:-0.87px;white-space:nowrap">delayed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:737.88px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">settlements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:1826.71px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:2208.59px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:2628.61px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:3095.79px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:3671.57px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:4081.6px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:4416.22px;letter-spacing:-0.64px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:4936.04px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">volatile </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:5621.49px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.8px;left:5861.8px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:0px;white-space:nowrap">easily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:541.15px;letter-spacing:0px;white-space:nowrap">assessed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:1366.43px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:1820.57px;white-space:nowrap">those </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:2365.38px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:2595.54px;letter-spacing:-0.59px;white-space:nowrap">comparable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:3689.92px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:4578.58px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:4808.75px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:5456.78px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.8px;left:5669.33px;letter-spacing:-0.32px;white-space:nowrap">developed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8632.8px;left:0px;letter-spacing:-1.07px;white-space:nowrap">markets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:379.09px;letter-spacing:-0.31px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:1024.7px;letter-spacing:-0.94px;white-space:nowrap">States, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:1662.25px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:2007.29px;letter-spacing:-0.48px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:2905.98px;white-space:nowrap">Union, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:3541.27px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:3886.31px;letter-spacing:-0.31px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:4531.91px;letter-spacing:-0.2px;white-space:nowrap">Kingdom </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:5360.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8978px;left:5741.91px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:0px;letter-spacing:-0.43px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:872.8px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:1339.98px;white-space:nowrap">imposed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:2149.4px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:3028.87px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:3307.63px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:3911.02px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:4123.6px;letter-spacing:-0.36px;white-space:nowrap">response </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:4976.86px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9208px;left:5211.46px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:0px;letter-spacing:-0.24px;white-space:nowrap">military </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:715.97px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:1097.85px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:1633.46px;text-rendering:optimizeLegibility;white-space:nowrap">actions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:2367.36px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:3216.64px;letter-spacing:-1.55px;white-space:nowrap">Russia&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:3944.96px;letter-spacing:-0.24px;white-space:nowrap">February </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:4783.28px;white-space:nowrap">2022 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:5279.03px;letter-spacing:-0.78px;white-space:nowrap">invasion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9438px;left:6047.64px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:0px;letter-spacing:-0.48px;white-space:nowrap">Ukraine. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:787.08px;letter-spacing:-0.47px;white-space:nowrap">Countermeasures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:2402.49px;white-space:nowrap">imposed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:3211.91px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:3471.88px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:4075.26px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:4542.44px;white-space:nowrap">had, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:4978.14px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:5360.03px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">continue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9668px;left:6184.49px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:0px;letter-spacing:-0.98px;white-space:nowrap">have, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:521px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:788.58px;letter-spacing:-0.81px;white-space:nowrap">adverse </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:1524.85px;white-space:nowrap">impact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:2180.88px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:2459.64px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:2804.68px;letter-spacing:-0.36px;white-space:nowrap">local </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:3261.22px;text-rendering:optimizeLegibility;letter-spacing:-0.64px;white-space:nowrap">operating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:4158.19px;text-rendering:optimizeLegibility;letter-spacing:-0.2px;white-space:nowrap">conditions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:5124.45px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9898px;left:5506.34px;letter-spacing:-0.59px;white-space:nowrap">introduced </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:0px;letter-spacing:-0.92px;white-space:nowrap">severe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:627.13px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">limitations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:1600.26px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:1879.02px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:2224.06px;text-rendering:optimizeLegibility;white-space:nowrap">activities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:3048.31px;letter-spacing:-0.7px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:3867.19px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:4101.8px;letter-spacing:-0.41px;white-space:nowrap">non-resident </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:5284.62px;letter-spacing:-1.5px;white-space:nowrap">investors </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10128px;left:6120.68px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:345.04px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:1062.72px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:1735.29px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:2117.18px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:2555.78px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:2916.07px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:3708.74px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:3938.95px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:4656.63px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">domestic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:5513.21px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10358px;left:5895.1px;white-space:nowrap">non-</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
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			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">28 </div></div>
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		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
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		<div style="height:532.93px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.576px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.3px;white-space:nowrap">domestic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:856.58px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1745.28px;white-space:nowrap">held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2180.88px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2393.47px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2929.07px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">locations. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3821.96px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4394.84px;letter-spacing:-0.77px;white-space:nowrap">events </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5025.09px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5492.27px;text-rendering:optimizeLegibility;letter-spacing:-0.78px;white-space:nowrap">negatively </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-1.07px;white-space:nowrap">affected </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:767.42px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1112.46px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1630.88px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1861.08px;letter-spacing:-0.86px;white-space:nowrap">many </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2395.4px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2625.61px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2970.64px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3589.39px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4397.42px;letter-spacing:-0.83px;white-space:nowrap">investments, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5570.36px;text-rendering:optimizeLegibility;white-space:nowrap">particularly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:0px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:255.66px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:973.35px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2092.47px;white-space:nowrap">(some </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2690.49px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2920.69px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3494.86px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3829.48px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4042.07px;letter-spacing:-0.21px;white-space:nowrap">companies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5046.46px;text-rendering:optimizeLegibility;letter-spacing:-1.07px;white-space:nowrap">affected </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5813.89px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:345.04px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions), </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1344.06px;letter-spacing:-0.54px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1837.24px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2067.44px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2641.61px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:3108.79px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:3604.54px;letter-spacing:-0.46px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4237.26px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4460.69px;letter-spacing:-1.93px;white-space:nowrap">zero </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4886.62px;white-space:nowrap">since </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:5386.56px;letter-spacing:-0.54px;white-space:nowrap">March </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:6006.17px;white-space:nowrap">14, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:0px;white-space:nowrap">2022, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:549.57px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:931.46px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:1351.47px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">continue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2175.94px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2410.55px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2683.29px;white-space:nowrap">so </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2932.83px;letter-spacing:-0.46px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:3565.55px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:3866.22px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:4133.81px;text-rendering:optimizeLegibility;letter-spacing:-0.39px;white-space:nowrap">indefinite </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:5022.51px;white-space:nowrap">period. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:5702.49px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:0px;letter-spacing:-0.65px;white-space:nowrap">circumstances </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:1303.03px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:1770.21px;letter-spacing:-0.6px;white-space:nowrap">resulted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:2542.35px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:2754.94px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:3427.51px;text-rendering:optimizeLegibility;letter-spacing:-0.08px;white-space:nowrap">disruptions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:4515.59px;white-space:nowrap">inability </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:5260.99px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:5495.6px;letter-spacing:-0.27px;white-space:nowrap">conduct </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:0px;white-space:nowrap">normal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:680.73px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:1353.3px;letter-spacing:-0.36px;white-space:nowrap">purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:2209.45px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:2591.34px;white-space:nowrap">sale </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:2986.97px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">transactions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:4167.65px;white-space:nowrap">impacts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:4908.75px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:5143.36px;letter-spacing:-0.54px;white-space:nowrap">receipt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:5810.77px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:0px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:809.53px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:1511px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:1749.37px;letter-spacing:-0.43px;white-space:nowrap">well </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:2156.49px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:2394.86px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:2739.9px;text-rendering:optimizeLegibility;letter-spacing:-0.5px;white-space:nowrap">introduction </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:3879.22px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:4109.42px;letter-spacing:-0.18px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:4612.8px;letter-spacing:-1.43px;white-space:nowrap">transfer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1610px;left:5351.01px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">restrictions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:381.88px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:726.92px;text-rendering:optimizeLegibility;letter-spacing:-0.12px;white-space:nowrap">adoption </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:1570.62px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:1800.82px;letter-spacing:-0.36px;white-space:nowrap">currency </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:2620.45px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">restrictions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:3657.39px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">prohibiting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:4669.95px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:5014.99px;text-rendering:optimizeLegibility;letter-spacing:-0.58px;white-space:nowrap">repatriation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1840px;left:6108.01px;letter-spacing:-3.76px;white-space:nowrap">of, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:0px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:240.3px;white-space:nowrap">further </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:917.06px;letter-spacing:-0.98px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:1951.1px;letter-spacing:-3.76px;white-space:nowrap">of, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:2220.09px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:2937.77px;white-space:nowrap">ruble </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:3449.21px;letter-spacing:-0.31px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:4150.67px;letter-spacing:-0.6px;white-space:nowrap">received </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:4950.21px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:5228.97px;text-rendering:optimizeLegibility;white-space:nowrap">securities. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2070px;left:6171.49px;white-space:nowrap">On </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:0px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:460.95px;white-space:nowrap">16, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:787.51px;white-space:nowrap">2022, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:1337.08px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:1682.12px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:2399.8px;text-rendering:optimizeLegibility;letter-spacing:-0.88px;white-space:nowrap">Federation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:3400.33px;letter-spacing:-0.4px;white-space:nowrap">adopted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:4189.02px;letter-spacing:-0.94px;white-space:nowrap">Federal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:4892.1px;letter-spacing:-0.27px;white-space:nowrap">Law </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:5290.21px;white-space:nowrap">No. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2300px;left:5648.89px;letter-spacing:-0.13px;white-space:nowrap">114-FZ, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:0px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:574.17px;letter-spacing:-0.94px;white-space:nowrap">relates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:1219.13px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:1453.74px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:1798.78px;letter-spacing:-0.32px;white-space:nowrap">mandatory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:2814.88px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">termination </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:3905.75px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:4165.71px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2530px;left:4883.4px;letter-spacing:-0.83px;white-space:nowrap">incorporated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:0px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:648.08px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:878.28px;letter-spacing:-0.1px;white-space:nowrap">depository </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:1872.47px;letter-spacing:-0.54px;white-space:nowrap">receipt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:2539.88px;white-space:nowrap">(&#8220;DR&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:3151.76px;letter-spacing:-0.95px;white-space:nowrap">programs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:4039.38px;white-space:nowrap">(the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:4450.17px;white-space:nowrap">&#8220;DR </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:4840.54px;letter-spacing:0.77px;white-space:nowrap">Law&#8221;). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:5454.67px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2760px;left:5833.76px;white-space:nowrap">DR </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Law </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:398.11px;letter-spacing:-0.6px;white-space:nowrap">provides </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:1200.76px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:1501.44px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:1846.47px;letter-spacing:-0.32px;white-space:nowrap">mandatory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:2862.58px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">termination </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:3953.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:4183.65px;white-space:nowrap">DR </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:4484px;letter-spacing:-0.95px;white-space:nowrap">programs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:5371.63px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2990px;left:5631.59px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:0px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:717.69px;letter-spacing:-0.83px;white-space:nowrap">incorporated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:1907.38px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:2555.46px;white-space:nowrap">unless </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:3161.21px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:3428.8px;letter-spacing:-0.81px;white-space:nowrap">express </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:4141.87px;white-space:nowrap">permission </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:5160.76px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:5344.13px;letter-spacing:-0.48px;white-space:nowrap">obtained </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3220px;left:6180.3px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:345.04px;white-space:nowrap">issuer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:912.33px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:1388.11px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:1733.14px;letter-spacing:-1.07px;white-space:nowrap">relevant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:2501.96px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:3219.65px;white-space:nowrap">authority </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:4082.25px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:4316.86px;letter-spacing:-1.07px;white-space:nowrap">retain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:4882.32px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:5227.36px;letter-spacing:-0.36px;white-space:nowrap">issuer&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3450px;left:5930.33px;white-space:nowrap">DR </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:0px;letter-spacing:-0.95px;white-space:nowrap">program. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:856.37px;white-space:nowrap">Since </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:1370.81px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:1831.76px;white-space:nowrap">27, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:2158.32px;white-space:nowrap">2022, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:2707.89px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:3052.93px;white-space:nowrap">DR </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:3353.28px;letter-spacing:-1.43px;white-space:nowrap">Law&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:3882.76px;text-rendering:optimizeLegibility;letter-spacing:-1.07px;white-space:nowrap">effective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:4683.59px;letter-spacing:-0.72px;white-space:nowrap">date, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:5181.71px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:5432.11px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">voting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3680px;left:6027.76px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:0px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:809.53px;letter-spacing:-0.31px;white-space:nowrap">rights </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:1356.31px;text-rendering:optimizeLegibility;letter-spacing:-0.6px;white-space:nowrap">attached </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:2175.51px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:2410.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:2755.16px;letter-spacing:-0.46px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:3374.23px;white-space:nowrap">underlying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:4362.94px;letter-spacing:-0.49px;white-space:nowrap">outstanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:5463.58px;white-space:nowrap">DRs </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3910px;left:5849.01px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:0px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:495.75px;white-space:nowrap">suspended. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:1558.37px;white-space:nowrap">With </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:2037.04px;letter-spacing:-0.4px;white-space:nowrap">respect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:2742.05px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:2976.66px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:3232.32px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:4024.99px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:4255.2px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:4972.88px;white-space:nowrap">DRs, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:5412.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4140px;left:5757.17px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">participated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:1113.54px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:1326.12px;letter-spacing:-1.07px;white-space:nowrap">four </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:1741.09px;letter-spacing:-0.32px;white-space:nowrap">mandatory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:2757.2px;letter-spacing:-0.54px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:3291.19px;letter-spacing:-1.12px;white-space:nowrap">conversion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:4295.16px;white-space:nowrap">schemes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:5114.36px;white-space:nowrap">while </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4370px;left:5637.93px;letter-spacing:-0.21px;white-space:nowrap">complying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:0px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:438.6px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">restrictions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:1475.55px;white-space:nowrap">imposed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:2284.97px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:2544.93px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:3478.21px;white-space:nowrap">Due </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:3884.48px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:4119.09px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:4464.13px;letter-spacing:-0.49px;white-space:nowrap">frequently </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4600px;left:5428.24px;white-space:nowrap">changing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:0px;letter-spacing:-0.59px;white-space:nowrap">regulatory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:957.24px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:1339.12px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:2011.69px;letter-spacing:-0.85px;white-space:nowrap">environment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:3193.76px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:3575.64px;letter-spacing:-0.49px;white-space:nowrap">complexity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:4583.8px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:4796.39px;letter-spacing:-0.18px;white-space:nowrap">processing, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4830px;left:5841.06px;white-space:nowrap">no </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:0px;letter-spacing:-0.43px;white-space:nowrap">assurance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:929.41px;letter-spacing:-0.54px;white-space:nowrap">can </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:1288.42px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:1561.16px;letter-spacing:-0.36px;white-space:nowrap">given </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:2080.22px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:2490.25px;text-rendering:optimizeLegibility;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:3420.96px;white-space:nowrap">DR </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:3721.31px;letter-spacing:-0.97px;white-space:nowrap">exchanges </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:4684.78px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:5033.9px;letter-spacing:-3.38px;white-space:nowrap">occur. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5060px;left:5605.81px;white-space:nowrap">On </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:0px;letter-spacing:-0.27px;white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:770.97px;white-space:nowrap">2, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:986.03px;white-space:nowrap">2024, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:1535.6px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:1880.63px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:2484.02px;text-rendering:optimizeLegibility;letter-spacing:-0.88px;white-space:nowrap">Federation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:3484.55px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:4090.3px;letter-spacing:-0.46px;white-space:nowrap">Decree </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:4765.88px;white-space:nowrap">No. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:5124.56px;white-space:nowrap">840 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5290px;left:5508.81px;letter-spacing:-0.27px;white-space:nowrap">prescribing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:0px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:410.03px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:660.43px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:1549.13px;white-space:nowrap">held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:1984.73px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:2208.16px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:2553.2px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:3179.15px;letter-spacing:-0.35px;white-space:nowrap">sub-custodian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:4465.74px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:4678.33px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:5281.72px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5520px;left:5554.46px;letter-spacing:-0.54px;white-space:nowrap">moved </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:0px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:475.77px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:820.81px;letter-spacing:-0.81px;white-space:nowrap">central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:1480.92px;letter-spacing:-1.52px;white-space:nowrap">depository, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:2511.74px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:2856.78px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:3574.46px;text-rendering:optimizeLegibility;letter-spacing:-0.24px;white-space:nowrap">National </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:4366.27px;text-rendering:optimizeLegibility;letter-spacing:-0.29px;white-space:nowrap">Settlement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5750px;left:5384.52px;letter-spacing:-0.1px;white-space:nowrap">Depository </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:0px;white-space:nowrap">(&#8220;NSD&#8221;), </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:788.58px;letter-spacing:-0.36px;white-space:nowrap">directly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:1493.92px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:1728.53px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:2073.56px;letter-spacing:-0.36px;white-space:nowrap">books </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:2646.98px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:2877.19px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:3222.23px;letter-spacing:-0.48px;white-space:nowrap">issuers&#39; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:3917.35px;letter-spacing:-1.21px;white-space:nowrap">registrars. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:4840.32px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:5099.1px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:5252.39px;letter-spacing:-0.4px;white-space:nowrap">result, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5980px;left:5857.5px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">five </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:888.7px;letter-spacing:-1.07px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:1380.05px;letter-spacing:-1.34px;white-space:nowrap">transferred </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:2413.88px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:2889.65px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:3234.69px;white-space:nowrap">NSD </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:3657.93px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:3892.54px;letter-spacing:-0.36px;white-space:nowrap">local </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:4349.08px;letter-spacing:-1.21px;white-space:nowrap">registrars. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:5272.05px;letter-spacing:-0.72px;white-space:nowrap">AO </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6210px;left:5587.55px;text-rendering:optimizeLegibility;white-space:nowrap">Citibank, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:345.04px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:963.79px;letter-spacing:-0.36px;white-space:nowrap">local </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:1420.33px;letter-spacing:-0.32px;white-space:nowrap">sub-custodian, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:2760.74px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:3113.41px;letter-spacing:-0.49px;white-space:nowrap">established </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:4160.66px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:4313.96px;letter-spacing:-0.95px;white-space:nowrap">separate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:5127.14px;letter-spacing:-0.54px;white-space:nowrap">account </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6440px;left:5878.88px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:0px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:469.86px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:700.07px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:955.73px;letter-spacing:-0.27px;white-space:nowrap">clients </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:1574.38px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:1853.13px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:2108.8px;letter-spacing:-0.36px;white-space:nowrap">books </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:2682.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:3064.1px;letter-spacing:-1.07px;white-space:nowrap">records </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:3773.3px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:4007.91px;text-rendering:optimizeLegibility;letter-spacing:-0.67px;white-space:nowrap">reflect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:4624.94px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:5163.77px;letter-spacing:-1.56px;white-space:nowrap">transfers. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6670px;left:6036.57px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:0px;letter-spacing:-0.36px;white-space:nowrap">local </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:456.54px;letter-spacing:-1.32px;white-space:nowrap">registrars </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:1325.69px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:1660.31px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:2011.37px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:2900.07px;letter-spacing:-0.17px;white-space:nowrap">depositories </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:4038.53px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:4389.15px;letter-spacing:-0.92px;white-space:nowrap">rather </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:4982.98px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:5317.6px;letter-spacing:-0.54px;white-space:nowrap">agents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6900px;left:5950.63px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:345.04px;text-rendering:optimizeLegibility;letter-spacing:-0.49px;white-space:nowrap">respective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:1300.23px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:1948.31px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:2522.48px;letter-spacing:-0.94px;white-space:nowrap">creates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:3212.45px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:3365.74px;letter-spacing:-0.27px;white-space:nowrap">new </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:3791.13px;letter-spacing:-0.6px;white-space:nowrap">custody </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:4527.29px;white-space:nowrap">chain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:5051.3px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:5489.9px;letter-spacing:-0.27px;white-space:nowrap">new </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7130px;left:5915.29px;letter-spacing:-0.31px;white-space:nowrap">risks, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:0px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:849.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:1194.32px;white-space:nowrap">risk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:1550.53px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:1960.56px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:2305.6px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:2931.54px;letter-spacing:-0.54px;white-space:nowrap">ownership </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:3905.43px;letter-spacing:-0.31px;white-space:nowrap">rights </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:4452.21px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:4664.79px;text-rendering:optimizeLegibility;letter-spacing:-0.54px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7360px;left:5472.82px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:0px;letter-spacing:-0.36px;white-space:nowrap">could </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:533.03px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:805.77px;letter-spacing:-0.54px;white-space:nowrap">lost </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:1173.48px;letter-spacing:-0.54px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:1927.79px;letter-spacing:-0.72px;white-space:nowrap">fraud </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:2446.96px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:2687.27px;letter-spacing:-0.15px;white-space:nowrap">negligence </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:3687.04px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:3925.41px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:4078.7px;letter-spacing:-0.46px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:4629.99px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:4860.2px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:5205.23px;letter-spacing:-0.97px;white-space:nowrap">fact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7590px;left:5585.29px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:0px;letter-spacing:-0.54px;white-space:nowrap">ownership </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:973.89px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:1157.26px;letter-spacing:-0.95px;white-space:nowrap">recorded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:2004.38px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:2264.35px;letter-spacing:-1.32px;white-space:nowrap">registrars </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:3133.5px;letter-spacing:-0.92px;white-space:nowrap">rather </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:3727.32px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:4181.5px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:4334.79px;letter-spacing:-0.35px;white-space:nowrap">sub-custodian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7820px;left:5621.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:0px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:153.29px;letter-spacing:-0.81px;white-space:nowrap">central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:813.4px;text-rendering:optimizeLegibility;letter-spacing:-0.95px;white-space:nowrap">registration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:1871.93px;letter-spacing:-1.69px;white-space:nowrap">system </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:2532.04px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:2744.63px;letter-spacing:-0.49px;white-space:nowrap">accordance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:3804.67px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:4243.27px;letter-spacing:-0.2px;white-space:nowrap">applicable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:5188.8px;letter-spacing:-0.54px;white-space:nowrap">SEC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8050px;left:5561.23px;white-space:nowrap">rules. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:379.09px;letter-spacing:-0.4px;white-space:nowrap">various </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:1064.44px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:1943.91px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:2411.08px;letter-spacing:-0.64px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:3292.91px;text-rendering:optimizeLegibility;letter-spacing:-0.97px;white-space:nowrap">affected, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:4114.15px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:4496.04px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:4916.05px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">continue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8280px;left:5740.52px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:0px;letter-spacing:-0.64px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:881.83px;text-rendering:optimizeLegibility;letter-spacing:-0.94px;white-space:nowrap">affect, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:1482.21px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:1833.26px;white-space:nowrap">only </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:2257.58px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:2975.26px;white-space:nowrap">individuals, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:4015.64px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:4733.33px;letter-spacing:-0.48px;white-space:nowrap">issuers, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:5435.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8510px;left:5817.11px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:0px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:717.69px;letter-spacing:-2.63px;white-space:nowrap">economy, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:1614.66px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:1965.28px;white-space:nowrap">also </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:2366.93px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:2711.97px;letter-spacing:-0.21px;white-space:nowrap">economies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:3721.95px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:3952.16px;letter-spacing:-0.86px;white-space:nowrap">many </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:4486.47px;letter-spacing:-0.43px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:5359.28px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8740px;left:5571.87px;letter-spacing:-0.54px;white-space:nowrap">Europe, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:0px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:849.28px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:1533.55px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:1915.44px;letter-spacing:-1.14px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:2623.35px;letter-spacing:-0.54px;white-space:nowrap">Europe. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:3358.01px;letter-spacing:-1.55px;white-space:nowrap">Russia&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:4086.33px;letter-spacing:-0.78px;white-space:nowrap">invasion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:4854.93px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:5085.14px;letter-spacing:-0.54px;white-space:nowrap">Ukraine </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8970px;left:5818.4px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:345.04px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:1160.59px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:2040.05px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:2507.23px;letter-spacing:-0.64px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:3389.05px;text-rendering:optimizeLegibility;letter-spacing:-0.97px;white-space:nowrap">affected, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:4210.29px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:4592.18px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:5012.2px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">continue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9200px;left:5836.66px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:0px;letter-spacing:-0.64px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:881.83px;text-rendering:optimizeLegibility;letter-spacing:-0.94px;white-space:nowrap">affect, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:1482.21px;white-space:nowrap">global </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:2064.76px;letter-spacing:-0.46px;white-space:nowrap">energy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:2718.96px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:3100.84px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:3890.5px;letter-spacing:-0.95px;white-space:nowrap">markets, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:4701.96px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:4940.33px;letter-spacing:-0.43px;white-space:nowrap">well </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:5347.46px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9430px;left:5585.83px;letter-spacing:-1.07px;white-space:nowrap">markets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:0px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:300.67px;white-space:nowrap">some </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:832.95px;letter-spacing:-0.33px;white-space:nowrap">agricultural </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:1880.42px;letter-spacing:-0.43px;white-space:nowrap">products, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:2764.07px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">potentially </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:3750.63px;text-rendering:optimizeLegibility;letter-spacing:-0.75px;white-space:nowrap">affecting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:4561.46px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:4906.49px;letter-spacing:-0.54px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:5424.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9660px;left:5655.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:0px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:618.75px;letter-spacing:-0.9px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:1737.87px;letter-spacing:-0.64px;white-space:nowrap">even </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:2212.89px;letter-spacing:-0.54px;white-space:nowrap">beyond </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:2922.2px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:3282.49px;letter-spacing:-0.46px;white-space:nowrap">direct </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:3842.27px;letter-spacing:-0.72px;white-space:nowrap">exposure </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:4699.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:5044.32px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:5538.13px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9890px;left:5958.15px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:0px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:234.61px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:952.29px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:1600.37px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:1840.67px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:2185.71px;white-space:nowrap">adjoining </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:3047.45px;letter-spacing:-0.54px;white-space:nowrap">geographic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:4071.07px;letter-spacing:-0.36px;white-space:nowrap">regions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:4821.74px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10120px;left:5200.83px;text-rendering:optimizeLegibility;letter-spacing:-0.5px;white-space:nowrap">continuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:230.21px;letter-spacing:-0.67px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:929.41px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:1808.88px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:2049.18px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:2394.22px;text-rendering:optimizeLegibility;white-space:nowrap">imposition </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:3377.34px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:3607.55px;text-rendering:optimizeLegibility;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:4538.25px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:5417.71px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10350px;left:5837.73px;white-space:nowrap">further </div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">29 </div></div>
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		<div style="height:531.95px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.576px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">










			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-0.39px;white-space:nowrap">materially </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:926.08px;letter-spacing:-0.64px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1807.91px;text-rendering:optimizeLegibility;letter-spacing:-1.07px;white-space:nowrap">affect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2354.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2699.51px;letter-spacing:-0.46px;white-space:nowrap">value, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3271.75px;letter-spacing:-0.54px;white-space:nowrap">ownership </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4245.63px;letter-spacing:-0.31px;white-space:nowrap">rights </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4792.41px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5032.71px;white-space:nowrap">liquidity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5788.86px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:6019.06px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:0px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:618.75px;text-rendering:optimizeLegibility;letter-spacing:-0.88px;white-space:nowrap">portfolio, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1476.3px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:1858.18px;letter-spacing:-0.36px;white-space:nowrap">measures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2759.99px;letter-spacing:-1.79px;white-space:nowrap">taken </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3294.84px;white-space:nowrap">since </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3794.79px;letter-spacing:-1.55px;white-space:nowrap">Russia&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4523.11px;letter-spacing:-0.78px;white-space:nowrap">invasion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5291.71px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5521.91px;letter-spacing:-0.54px;white-space:nowrap">Ukraine </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:0px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:467.18px;letter-spacing:-0.6px;white-space:nowrap">resulted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:1239.33px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:1451.91px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:1796.95px;letter-spacing:-0.6px;white-space:nowrap">freezing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2552.88px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:2783.09px;white-space:nowrap">Russian </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:3500.77px;letter-spacing:-0.15px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4089.23px;white-space:nowrap">held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4524.82px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:4784.79px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5129.82px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:5623.64px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:6005.53px;white-space:nowrap">it </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:460px;left:6176.11px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:0px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:351.05px;letter-spacing:-0.18px;white-space:nowrap">known </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:993.76px;white-space:nowrap">when </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1534.52px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1774.82px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:1938.86px;white-space:nowrap">this </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:2308.82px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">situation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:3128.34px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:3477.46px;letter-spacing:-0.84px;white-space:nowrap">improve. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4306.44px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:4685.53px;text-rendering:optimizeLegibility;letter-spacing:-0.21px;white-space:nowrap">situation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:5505.05px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:690px;left:5943.65px;white-space:nowrap">Russia </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.43px;white-space:nowrap">continues </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:908.72px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:1142.52px;letter-spacing:-0.77px;white-space:nowrap">evolve </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:1760.34px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2141.41px;letter-spacing:-0.4px;white-space:nowrap">remains </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:2897.16px;text-rendering:optimizeLegibility;white-space:nowrap">fluid. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:3390.59px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:3768.87px;letter-spacing:-0.36px;white-space:nowrap">severity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:4507.54px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:4888.61px;text-rendering:optimizeLegibility;letter-spacing:-0.72px;white-space:nowrap">duration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:5687.23px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:920px;left:5916.62px;letter-spacing:-1.55px;white-space:nowrap">Russia&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:0px;letter-spacing:-0.24px;white-space:nowrap">military </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:715.97px;text-rendering:optimizeLegibility;white-space:nowrap">actions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:1449.87px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:2265.42px;text-rendering:optimizeLegibility;white-space:nowrap">sanctions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:3144.88px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:3526.77px;text-rendering:optimizeLegibility;letter-spacing:-0.32px;white-space:nowrap">resulting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:4342.31px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:5014.88px;text-rendering:optimizeLegibility;letter-spacing:-0.09px;white-space:nowrap">disruptions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1150px;left:6049.14px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:0px;white-space:nowrap">impossible </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:991.61px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:1226.22px;letter-spacing:-0.36px;white-space:nowrap">predict, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:1954.11px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:2304.74px;letter-spacing:-0.21px;white-space:nowrap">they </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:2745.7px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">continue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:3570.17px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:3804.78px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1380px;left:4077.52px;text-rendering:optimizeLegibility;letter-spacing:-0.76px;white-space:nowrap">substantial.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:1893.3px;left:0px;letter-spacing:-6.03px;white-space:nowrap">F. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:1893.3px;left:200.91px;letter-spacing:-0.32px;white-space:nowrap">Capital</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:0px;white-space:nowrap">During </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:639.38px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:984.41px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:1259.84px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:1982.15px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:2592.2px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:3053.14px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:3379.71px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:3929.28px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:4311.16px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:4656.2px;letter-spacing:-0.54px;white-space:nowrap">year </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:5088.36px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2246px;left:5698.41px;letter-spacing:-0.27px;white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:0px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:326.56px;white-space:nowrap">2024, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:876.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:1221.17px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:1714.99px;white-space:nowrap">did </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:2041.88px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:2392.93px;letter-spacing:-0.36px;white-space:nowrap">purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:3249.08px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:3609.38px;letter-spacing:-0.46px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:4228.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:4458.65px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:4714.32px;letter-spacing:-0.31px;white-space:nowrap">common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2476px;left:5547.27px;letter-spacing:-0.81px;white-space:nowrap">stock.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:0px;white-space:nowrap">During </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:639.38px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:984.41px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:1259.84px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:1982.15px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:2592.2px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:3053.14px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:3379.71px;white-space:nowrap">2025 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:3875.46px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:4257.34px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:4602.38px;letter-spacing:-0.54px;white-space:nowrap">year </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:5034.54px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2821.2px;left:5644.59px;letter-spacing:-0.27px;white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:0px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:326.56px;white-space:nowrap">2024, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:876.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:1221.17px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:1714.99px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:2320.74px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:2621.42px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:3430.95px;letter-spacing:-1.07px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:4646.32px;white-space:nowrap">62,758 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:5307.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3051.2px;left:5689.28px;white-space:nowrap">95,215 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:0px;letter-spacing:-0.4px;white-space:nowrap">shares, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:672.89px;text-rendering:optimizeLegibility;letter-spacing:-1.46px;white-space:nowrap">respectively. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:1812.42px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:2191.51px;letter-spacing:-1.48px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:2929.72px;letter-spacing:-0.4px;white-space:nowrap">premium </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:3785.98px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:4016.18px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:4555.01px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3281.2px;left:5160.76px;letter-spacing:-0.4px;white-space:nowrap">shares, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:0px;letter-spacing:-0.21px;white-space:nowrap">comparing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:989.57px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:1334.61px;white-space:nowrap">issue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:1826.06px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:2316.77px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:2551.38px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:2896.42px;letter-spacing:-2.15px;white-space:nowrap">NAV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:3323.85px;white-space:nowrap">per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:3672.43px;letter-spacing:-0.54px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:4206.43px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:4429.86px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:4774.9px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:5226.5px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3511.2px;left:5456.71px;white-space:nowrap">issuance, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3741.2px;left:0px;letter-spacing:-0.67px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3741.2px;left:389.4px;white-space:nowrap">7.89% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3741.2px;left:983.02px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3741.2px;left:1364.9px;white-space:nowrap">4.52%, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3741.2px;left:2012.33px;text-rendering:optimizeLegibility;letter-spacing:-1.57px;white-space:nowrap">respectively.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4254.5px;left:0px;white-space:nowrap">G. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4254.5px;left:259.99px;letter-spacing:-0.43px;white-space:nowrap">Share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:4254.5px;left:852.62px;letter-spacing:-0.6px;white-space:nowrap">Repurchases</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:0px;white-space:nowrap">On </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:307.98px;white-space:nowrap">July </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:686.32px;white-space:nowrap">28, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:1012.88px;white-space:nowrap">2023, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:1562.45px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:1907.49px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:2401.31px;white-space:nowrap">announced </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:3443.09px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:3853.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:4198.15px;letter-spacing:-0.54px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:4770.82px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4607.2px;left:5001.03px;letter-spacing:-0.97px;white-space:nowrap">Directors </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4837.2px;left:0px;letter-spacing:-0.84px;white-space:nowrap">approved </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4837.2px;left:884.73px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4837.2px;left:1152.31px;letter-spacing:-0.43px;white-space:nowrap">extension </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4837.2px;left:2056.48px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4837.2px;left:2286.69px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4837.2px;left:2631.73px;letter-spacing:-0.67px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4837.2px;left:3330.94px;letter-spacing:-0.59px;white-space:nowrap">repurchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4837.2px;left:4368.42px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">authorization </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">permitting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:972.17px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:1317.21px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:1811.03px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:2045.63px;letter-spacing:-0.59px;white-space:nowrap">repurchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:3083.12px;white-space:nowrap">up </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:3361.45px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:3596.05px;white-space:nowrap">630,039 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:4368.63px;letter-spacing:-0.46px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:4987.71px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5067.2px;left:5607.85px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:0px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:626.16px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:1101.93px;letter-spacing:-0.38px;white-space:nowrap">August </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:1762.04px;white-space:nowrap">1, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:1977.1px;white-space:nowrap">2023 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:2472.85px;letter-spacing:-0.54px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:3227.17px;white-space:nowrap">July </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:3605.51px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:3932.07px;white-space:nowrap">2024. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:4481.64px;white-space:nowrap">On </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:4789.62px;white-space:nowrap">July </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:5167.96px;white-space:nowrap">25, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:5494.52px;white-space:nowrap">2024, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5297.2px;left:6044.09px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:0px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:493.82px;white-space:nowrap">announced </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:1535.6px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:1945.63px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:2290.66px;letter-spacing:-0.54px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:2863.33px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:3093.54px;letter-spacing:-0.97px;white-space:nowrap">Directors </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:3941.74px;letter-spacing:-0.84px;white-space:nowrap">approved </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:4826.46px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:5094.05px;letter-spacing:-0.43px;white-space:nowrap">extension </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5527.2px;left:5998.22px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:345.04px;letter-spacing:-0.67px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:1044.25px;letter-spacing:-0.59px;white-space:nowrap">repurchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:2081.73px;text-rendering:optimizeLegibility;letter-spacing:-0.46px;white-space:nowrap">authorization </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:3306.88px;text-rendering:optimizeLegibility;white-space:nowrap">permitting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:4279.04px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:4624.08px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:5117.9px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5757.2px;left:5352.51px;text-rendering:optimizeLegibility;letter-spacing:-0.48px;white-space:nowrap">continue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:0px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:234.61px;letter-spacing:-0.36px;white-space:nowrap">purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:1090.76px;letter-spacing:-0.49px;white-space:nowrap">outstanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:2191.41px;letter-spacing:-0.46px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:2810.48px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:3040.68px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:3296.35px;letter-spacing:-0.31px;white-space:nowrap">common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:4129.3px;letter-spacing:-0.81px;white-space:nowrap">stock </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:4636.87px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:5987.2px;left:4849.45px;letter-spacing:-0.72px;white-space:nowrap">open-market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.33px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:1126.86px;letter-spacing:-0.64px;white-space:nowrap">over </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:1569.43px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:1914.47px;letter-spacing:-0.5px;white-space:nowrap">twelve-month </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:3203.54px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:3829.7px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:4305.47px;letter-spacing:-0.38px;white-space:nowrap">August </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:4965.58px;white-space:nowrap">1, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:5180.63px;white-space:nowrap">2024 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6217.2px;left:5676.39px;letter-spacing:-0.54px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:0px;white-space:nowrap">July </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:378.34px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:704.9px;white-space:nowrap">2025. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:1254.47px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:1633.56px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:2127.38px;white-space:nowrap">did </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:2454.27px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:2805.32px;letter-spacing:-0.59px;white-space:nowrap">repurchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:3842.8px;letter-spacing:-0.46px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:4461.88px;letter-spacing:-0.4px;white-space:nowrap">between </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:5289.13px;letter-spacing:-0.36px;white-space:nowrap">November </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6447.2px;left:6269.14px;white-space:nowrap">1, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6677.2px;left:0px;white-space:nowrap">2023 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6677.2px;left:495.75px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6677.2px;left:877.64px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6677.2px;left:1338.58px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:6677.2px;left:1665.15px;white-space:nowrap">2025.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:0px;letter-spacing:-0.63px;white-space:nowrap">Repurchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:1162.73px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:1511.86px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:1784.6px;white-space:nowrap">made </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:2334.92px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:2810.69px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:3262.29px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:3496.9px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:3948.51px;white-space:nowrap">when </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:4489.27px;letter-spacing:-0.21px;white-space:nowrap">they </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:4930.23px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:5264.85px;letter-spacing:-0.36px;white-space:nowrap">believed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:6059.99px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7022.4px;left:6294.6px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:212.59px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:557.63px;letter-spacing:-0.54px;white-space:nowrap">best </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:985.06px;letter-spacing:-1.02px;white-space:nowrap">interests </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:1795.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:2025.65px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:2370.69px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:2918.33px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:3177.11px;letter-spacing:-0.36px;white-space:nowrap">noted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:3749.02px;letter-spacing:-0.46px;white-space:nowrap">above, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:4387.43px;white-space:nowrap">no </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:4666.19px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:5123.16px;letter-spacing:-0.32px;white-space:nowrap">purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7252.4px;left:6064.39px;letter-spacing:-1.07px;white-space:nowrap">were </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:0px;white-space:nowrap">made </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:550.32px;letter-spacing:-0.36px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:810.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:1155.32px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:1649.14px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:1861.73px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:2117.39px;text-rendering:optimizeLegibility;letter-spacing:-0.31px;white-space:nowrap">fiscal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:2609.28px;letter-spacing:-1.16px;white-space:nowrap">years </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:3122.22px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:3732.27px;letter-spacing:-0.27px;white-space:nowrap">October </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:4503.23px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:4829.79px;white-space:nowrap">2024 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:5325.55px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:5707.43px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7482.4px;left:6052.47px;white-space:nowrap">six </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:0px;letter-spacing:-0.31px;white-space:nowrap">months </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:722.3px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:1332.35px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:1793.3px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:2119.86px;white-space:nowrap">2025. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:2669.43px;letter-spacing:-0.54px;white-space:nowrap">There </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:3229.85px;letter-spacing:-0.54px;white-space:nowrap">can </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:3588.86px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:3861.6px;white-space:nowrap">no </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:4140.36px;letter-spacing:-0.43px;white-space:nowrap">assurance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:5069.78px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:5479.8px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7712.4px;left:5824.84px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:0px;letter-spacing:-0.54px;white-space:nowrap">repurchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:1122.56px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:1471.68px;letter-spacing:-0.46px;white-space:nowrap">reduce </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:2133.61px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:2493.91px;letter-spacing:-0.48px;white-space:nowrap">discount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:3296.46px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:3706.48px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:4126.5px;letter-spacing:-0.86px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:4602.28px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:5053.88px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:5288.49px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:7942.4px;left:5740.09px;letter-spacing:-0.98px;white-space:nowrap">exist </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:0px;letter-spacing:-0.4px;white-space:nowrap">between </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:827.26px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:1172.29px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:1844.86px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:2335.57px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:2565.77px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:2910.81px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:3529.56px;letter-spacing:-0.46px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:4148.63px;letter-spacing:-1.67px;white-space:nowrap">referred </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:4917.02px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:5151.63px;letter-spacing:-0.18px;white-space:nowrap">below </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:5740.3px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8172.4px;left:6122.19px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.4px;left:0px;letter-spacing:-2.15px;white-space:nowrap">NAV </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.4px;left:427.43px;white-space:nowrap">per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8402.4px;left:776.02px;letter-spacing:-0.54px;white-space:nowrap">share.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Monthly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:794.6px;letter-spacing:-0.54px;white-space:nowrap">updates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:1552.57px;letter-spacing:-0.2px;white-space:nowrap">concerning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:2581.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:2926.17px;letter-spacing:-1.99px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:3544.92px;letter-spacing:-0.59px;white-space:nowrap">repurchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:4582.4px;letter-spacing:-1.07px;white-space:nowrap">program </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:5384.95px;letter-spacing:-0.81px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8747.6px;left:5719.57px;letter-spacing:-0.7px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8977.6px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8977.6px;left:278.76px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8977.6px;left:534.42px;letter-spacing:-2.01px;white-space:nowrap">Web </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8977.6px;left:992.9px;letter-spacing:-0.43px;white-space:nowrap">site </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8977.6px;left:1355.13px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8977.6px;left:1578.56px;letter-spacing:-0.61px;white-space:nowrap">dws.com</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:8977.6px;left:2363.5px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:9490.9px;left:0px;white-space:nowrap">H. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:9490.9px;left:258.53px;text-rendering:optimizeLegibility;letter-spacing:-0.67px;white-space:nowrap">Concentration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:9490.9px;left:1662.22px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:194px;font-weight:bold;position:absolute;top:9490.9px;left:1910.64px;letter-spacing:-0.31px;white-space:nowrap">Ownership</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:0px;letter-spacing:-0.86px;white-space:nowrap">From </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:511.22px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:962.82px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:1197.43px;text-rendering:optimizeLegibility;white-space:nowrap">time, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:1702.85px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:2047.89px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:2541.71px;letter-spacing:-1.07px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:2961.73px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:3428.91px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:3582.2px;text-rendering:optimizeLegibility;letter-spacing:-0.77px;white-space:nowrap">concentration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:4860.2px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:9843.6px;left:5090.4px;letter-spacing:-0.94px;white-space:nowrap">several </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10073.6px;left:0px;letter-spacing:-0.27px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10073.6px;left:1110.42px;letter-spacing:-0.48px;white-space:nowrap">accounts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10073.6px;left:1947.24px;white-space:nowrap">holding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10073.6px;left:2654.82px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10073.6px;left:2808.12px;text-rendering:optimizeLegibility;letter-spacing:-0.36px;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10073.6px;left:3750.42px;letter-spacing:-0.93px;white-space:nowrap">percentage </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10073.6px;left:4793.06px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10073.6px;left:5023.26px;letter-spacing:-0.46px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:0px;letter-spacing:-0.45px;white-space:nowrap">outstanding. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:1154.46px;letter-spacing:-0.98px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:2193.66px;text-rendering:optimizeLegibility;white-space:nowrap">activities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:3017.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:3248.12px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:3786.94px;letter-spacing:-0.58px;white-space:nowrap">shareholders </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:4978.14px;letter-spacing:-0.36px;white-space:nowrap">could </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:5511.17px;letter-spacing:-1.18px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:10303.6px;left:5978.35px;white-space:nowrap">a </div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:0px;white-space:nowrap">30 </div></div>
		</div>
		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(41.150px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(48.850px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="height:531.95px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.576px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.22px) rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:0px;letter-spacing:-0.48px;white-space:nowrap">material </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:780.53px;white-space:nowrap">impact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1436.55px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:1715.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2060.35px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2607.99px;letter-spacing:-1.61px;white-space:nowrap">At </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:2849.15px;white-space:nowrap">April </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3310.1px;white-space:nowrap">30, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:3636.66px;white-space:nowrap">2025, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4186.23px;letter-spacing:-0.54px;white-space:nowrap">there </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:4712.6px;letter-spacing:-0.67px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5102px;white-space:nowrap">one </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:0px;left:5489.47px;letter-spacing:-0.27px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:0px;letter-spacing:-0.43px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:410.03px;white-space:nowrap">held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:845.63px;letter-spacing:-0.92px;white-space:nowrap">approximately </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2149.94px;white-space:nowrap">6% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2466.73px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:2696.93px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:3041.97px;letter-spacing:-0.49px;white-space:nowrap">outstanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4142.62px;letter-spacing:-0.46px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4761.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:4991.89px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:230px;left:5336.93px;white-space:nowrap">Fund.</div></div>
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</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:25.60px;left:0px;position:absolute;top:0px;transform:translate(28.799px,22.885px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:360px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.91px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:291px;font-weight:bold;position:absolute;top:0px;left:1546.93px;text-rendering:optimizeLegibility;letter-spacing:-0.92px;white-space:nowrap">Information</div></div>
		</div>
		<div style="height:14.62px;left:0px;position:absolute;top:0px;transform:translate(28.799px,568.108px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:309.71px">
			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3169.36px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:3479.52px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4039.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4351.84px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:4931.04px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5488.09px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:5936.15px;white-space:nowrap">Inc.</div></div>
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		<div style="background-color:transparent;height:10.80px;left:0px;position:absolute;top:0px;transform:translate(345.820px,568.424px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(346.320px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:0px;left:62.34px;white-space:nowrap">31 </div></div>
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		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:500.93px;left:0px;position:absolute;top:0px;transform:translate(28.800px,56.600px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:9978.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

























			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:122.4px;left:596.3px;letter-spacing:-0.56px;white-space:nowrap">Automated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:354.4px;left:129.42px;text-rendering:optimizeLegibility;letter-spacing:-0.45px;white-space:nowrap">Information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:354.4px;left:1061.06px;white-space:nowrap">Lines</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:130.4px;left:1670.8px;letter-spacing:-0.66px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:130.4px;left:2070.53px;white-space:nowrap">Closed-End </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:130.4px;left:2942.58px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:130.4px;left:3355.66px;letter-spacing:-0.74px;white-space:nowrap">Info </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:130.4px;left:3690.97px;white-space:nowrap">Line</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:346.4px;left:1670.8px;white-space:nowrap">(800) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:346.4px;left:2097.33px;white-space:nowrap">349-4281 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:719.8px;left:775.68px;letter-spacing:-1.6px;white-space:nowrap">Web </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:719.8px;left:1160.29px;letter-spacing:-0.55px;white-space:nowrap">Site</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:719.8px;left:1670.8px;letter-spacing:-0.29px;white-space:nowrap">dws.com</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:1670.8px;letter-spacing:-0.5px;white-space:nowrap">Obtain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:2196.39px;letter-spacing:-0.79px;white-space:nowrap">fact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:2507.34px;letter-spacing:-0.11px;white-space:nowrap">sheets, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:3060.97px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:3707.05px;letter-spacing:-0.29px;white-space:nowrap">reports, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:4318.33px;letter-spacing:-0.44px;white-space:nowrap">press </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:4740.12px;letter-spacing:-0.29px;white-space:nowrap">releases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:5370.73px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:970px;left:5683.18px;letter-spacing:-0.63px;white-space:nowrap">webcasts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1186px;left:1670.8px;white-space:nowrap">when </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1186px;left:2113.24px;letter-spacing:-0.57px;white-space:nowrap">available.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1580.2px;left:870.87px;text-rendering:optimizeLegibility;letter-spacing:-0.89px;white-space:nowrap">Written </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1812.2px;left:220.3px;letter-spacing:-0.14px;white-space:nowrap">Correspondence</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:1580.2px;left:1670.8px;letter-spacing:-0.66px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1830.4px;left:1670.8px;text-rendering:optimizeLegibility;letter-spacing:-0.66px;white-space:nowrap">Attn: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1830.4px;left:2061.74px;letter-spacing:-0.53px;white-space:nowrap">Secretary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1830.4px;left:2780.42px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1830.4px;left:2968.77px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1830.4px;left:3251.07px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1830.4px;left:3639.29px;white-space:nowrap">Funds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2046.4px;left:1670.8px;white-space:nowrap">100 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2046.4px;left:1985.18px;white-space:nowrap">Summer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2046.4px;left:2636.63px;letter-spacing:-0.5px;white-space:nowrap">Street </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2262.4px;left:1670.8px;letter-spacing:-0.49px;white-space:nowrap">Boston, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2262.4px;left:2257.91px;white-space:nowrap">MA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2262.4px;left:2552.08px;white-space:nowrap">02110</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2656.6px;left:425.79px;letter-spacing:-0.51px;white-space:nowrap">Legal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2656.6px;left:848.54px;white-space:nowrap">Counsel</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2656.6px;left:1670.8px;letter-spacing:-0.29px;white-space:nowrap">Sullivan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2656.6px;left:2293.77px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2656.6px;left:2461.29px;letter-spacing:-0.56px;white-space:nowrap">Cromwell </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2656.6px;left:3212.58px;white-space:nowrap">LLP</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2906.8px;left:1670.8px;white-space:nowrap">125 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2906.8px;left:1985.18px;letter-spacing:-0.59px;white-space:nowrap">Broad </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2906.8px;left:2452.85px;letter-spacing:-0.5px;white-space:nowrap">Street </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3122.8px;left:1670.8px;letter-spacing:-0.22px;white-space:nowrap">New </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3122.8px;left:2040.2px;letter-spacing:-2.12px;white-space:nowrap">York, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3122.8px;left:2431.93px;white-space:nowrap">NY </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3122.8px;left:2671.96px;white-space:nowrap">10004</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3517px;left:772.96px;white-space:nowrap">Dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3749px;left:412.17px;letter-spacing:-0.81px;white-space:nowrap">Reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3981px;left:633.83px;letter-spacing:-0.36px;white-space:nowrap">Plan&#160;Agent</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3517px;left:1670.8px;white-space:nowrap">SS&amp;C </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3517px;left:2103.75px;white-space:nowrap">GIDS, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:3517px;left:2552.08px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3767.2px;left:1670.8px;white-space:nowrap">333 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3767.2px;left:1985.18px;letter-spacing:-6.45px;white-space:nowrap">W. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3767.2px;left:2209.13px;white-space:nowrap">11th </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3767.2px;left:2584.95px;letter-spacing:-0.44px;white-space:nowrap">Street, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3767.2px;left:3105.88px;white-space:nowrap">5th </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3767.2px;left:3390.47px;white-space:nowrap">Floor </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3983.2px;left:1670.8px;letter-spacing:-0.5px;white-space:nowrap">Kansas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3983.2px;left:2200.96px;letter-spacing:-2.34px;white-space:nowrap">City, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3983.2px;left:2546.19px;white-space:nowrap">MO </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3983.2px;left:2856.71px;white-space:nowrap">64105</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4377.4px;left:528.53px;letter-spacing:-0.17px;white-space:nowrap">Shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4609.4px;left:99.98px;letter-spacing:0.2px;white-space:nowrap">Service </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4609.4px;left:677.25px;letter-spacing:-0.6px;white-space:nowrap">Agent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4609.4px;left:1158.36px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4841.4px;left:355.21px;letter-spacing:-1.98px;white-space:nowrap">Transfer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4841.4px;left:999.98px;letter-spacing:-0.72px;white-space:nowrap">Agent</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4377.4px;left:1670.8px;letter-spacing:-0.66px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4377.4px;left:2070.53px;letter-spacing:0.2px;white-space:nowrap">Service </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4377.4px;left:2647.79px;letter-spacing:-0.27px;white-space:nowrap">Company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4627.6px;left:1670.8px;letter-spacing:-5.8px;white-space:nowrap">P.O. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4627.6px;left:1979.74px;letter-spacing:-0.88px;white-space:nowrap">Box </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4627.6px;left:2282.43px;white-space:nowrap">219066</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4843.6px;left:1670.8px;letter-spacing:-0.5px;white-space:nowrap">Kansas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4843.6px;left:2200.96px;letter-spacing:-2.34px;white-space:nowrap">City, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4843.6px;left:2546.19px;white-space:nowrap">MO </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4843.6px;left:2856.71px;white-space:nowrap">64121-9066 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5059.6px;left:1670.8px;white-space:nowrap">(800) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5059.6px;left:2097.33px;white-space:nowrap">437-6269</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5453.8px;left:695.09px;letter-spacing:-0.42px;white-space:nowrap">Custodian</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5453.8px;left:1670.8px;letter-spacing:-0.42px;white-space:nowrap">Brown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5453.8px;left:2201.31px;letter-spacing:-0.49px;white-space:nowrap">Brothers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5453.8px;left:2884.66px;white-space:nowrap">Harriman </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5453.8px;left:3631.82px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5453.8px;left:3799.34px;letter-spacing:-0.46px;white-space:nowrap">Company</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5704px;left:1670.8px;white-space:nowrap">50 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5704px;left:1893.95px;letter-spacing:-1.23px;white-space:nowrap">Post </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5704px;left:2242.53px;text-rendering:optimizeLegibility;white-space:nowrap">Office </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5704px;left:2708.88px;letter-spacing:-0.38px;white-space:nowrap">Square </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5920px;left:1670.8px;letter-spacing:-0.49px;white-space:nowrap">Boston, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5920px;left:2257.91px;white-space:nowrap">MA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5920px;left:2552.08px;white-space:nowrap">02110</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6314.2px;left:480.28px;letter-spacing:-0.14px;white-space:nowrap">Independent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6546.2px;left:158.34px;letter-spacing:-0.81px;white-space:nowrap">Registered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6546.2px;left:987.68px;white-space:nowrap">Public </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6778.2px;left:228.04px;text-rendering:optimizeLegibility;letter-spacing:-0.23px;white-space:nowrap">Accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6778.2px;left:1103.16px;white-space:nowrap">Firm</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6314.2px;left:1670.8px;letter-spacing:-0.34px;white-space:nowrap">Ernst </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6314.2px;left:2092.06px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6314.2px;left:2259.58px;letter-spacing:-2.42px;white-space:nowrap">Young </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:6314.2px;left:2754.58px;white-space:nowrap">LLP</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6564.4px;left:1670.8px;white-space:nowrap">200 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6564.4px;left:1985.18px;letter-spacing:-0.26px;white-space:nowrap">Clarendon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6564.4px;left:2769.43px;letter-spacing:-0.5px;white-space:nowrap">Street </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6780.4px;left:1670.8px;letter-spacing:-0.49px;white-space:nowrap">Boston, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6780.4px;left:2257.91px;white-space:nowrap">MA </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6780.4px;left:2552.08px;white-space:nowrap">02116</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7174.6px;left:498.83px;letter-spacing:-0.97px;white-space:nowrap">Proxy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:7174.6px;left:958.23px;text-rendering:optimizeLegibility;letter-spacing:-1.39px;white-space:nowrap">Voting</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:1670.8px;white-space:nowrap">A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:1812.92px;text-rendering:optimizeLegibility;letter-spacing:-0.07px;white-space:nowrap">description </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:2661.5px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:2849.85px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:3132.16px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:3644.3px;white-space:nowrap">policies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:4226.66px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:4539.11px;letter-spacing:-0.56px;white-space:nowrap">procedures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:5396.22px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7174.6px;left:5642.23px;text-rendering:optimizeLegibility;letter-spacing:-0.25px;white-space:nowrap">voting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:1670.8px;letter-spacing:-0.88px;white-space:nowrap">proxies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:2227.5px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:2473.51px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:3134.62px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:3861.74px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:4174.19px;text-rendering:optimizeLegibility;letter-spacing:-0.59px;white-space:nowrap">information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:5062.76px;white-space:nowrap">about </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:5528.23px;letter-spacing:-0.22px;white-space:nowrap">how </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:5881.2px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7390.6px;left:6163.51px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:1670.8px;letter-spacing:-0.59px;white-space:nowrap">voted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:2122.65px;letter-spacing:-0.88px;white-space:nowrap">proxies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:2679.34px;letter-spacing:-0.77px;white-space:nowrap">related </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:3230.95px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:3422.9px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:3632.08px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:4293.19px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:5020.31px;white-space:nowrap">during </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:5527.7px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7606.6px;left:5810.01px;letter-spacing:-0.44px;white-space:nowrap">most </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:1670.8px;letter-spacing:-0.63px;white-space:nowrap">recent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:2176.26px;letter-spacing:-0.2px;white-space:nowrap">12-month </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:2935.19px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:3447.51px;white-space:nowrap">ended </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:3946.64px;white-space:nowrap">June </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:4319.56px;white-space:nowrap">30 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:4542.71px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:4692.74px;letter-spacing:-0.57px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:5362.73px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:5590.81px;white-space:nowrap">our </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:5880.94px;letter-spacing:-0.44px;white-space:nowrap">web </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7822.6px;left:6228.1px;letter-spacing:-0.35px;white-space:nowrap">site </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8038.6px;left:1670.8px;white-space:nowrap">&#8212; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8038.6px;left:1874.44px;text-rendering:optimizeLegibility;letter-spacing:-0.55px;white-space:nowrap">dws.com/en-us/resources/proxy-voting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8038.6px;left:4743.63px;white-space:nowrap">&#8212; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8038.6px;left:4947.27px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8038.6px;left:5143.89px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8038.6px;left:5371.96px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8038.6px;left:5654.27px;letter-spacing:-0.29px;white-space:nowrap">SEC&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8038.6px;left:6067.09px;letter-spacing:-0.44px;white-space:nowrap">web </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:1670.8px;letter-spacing:-0.35px;white-space:nowrap">site </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:1967.17px;white-space:nowrap">&#8212; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:2170.81px;letter-spacing:-1.76px;white-space:nowrap">sec.gov. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:2776.29px;letter-spacing:-5.42px;white-space:nowrap">To </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:2981.6px;letter-spacing:-0.5px;white-space:nowrap">obtain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:3483.28px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:3608.7px;text-rendering:optimizeLegibility;letter-spacing:-0.22px;white-space:nowrap">written </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:4169.62px;letter-spacing:-0.53px;white-space:nowrap">copy </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:4550.98px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:4739.33px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:5021.63px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:5533.77px;white-space:nowrap">policies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8254.6px;left:6116.13px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:1670.8px;letter-spacing:-0.56px;white-space:nowrap">procedures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:2527.91px;white-space:nowrap">without </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:3133.3px;letter-spacing:-0.49px;white-space:nowrap">charge, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:3704.24px;white-space:nowrap">upon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:4119.34px;letter-spacing:-0.54px;white-space:nowrap">request, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:4754.97px;letter-spacing:-0.35px;white-space:nowrap">call </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:5034.64px;white-space:nowrap">us </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:5238.46px;letter-spacing:-0.35px;white-space:nowrap">toll </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:5509.86px;letter-spacing:-0.53px;white-space:nowrap">free </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8470.6px;left:5841.65px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8686.6px;left:1670.8px;white-space:nowrap">(800) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8686.6px;left:2092.76px;white-space:nowrap">437-6269.</div></div>
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		<div style="height:15.40px;left:0px;position:absolute;top:0px;transform:translate(28.800px,567.326px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:12.24px">
			<div style="width:244.8px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.6px) rotate(0deg) scale(0.05)">

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		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAAtCAYAAACETLrHAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGD4z8DAwMDEAAWjjAFnAADYRAFZxfqA0wAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>
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			<div style="width:6194.2px;height:216px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:310.17px;letter-spacing:-0.66px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:870.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1182.48px;letter-spacing:-0.93px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:1761.68px;letter-spacing:-0.5px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2318.73px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:2766.8px;white-space:nowrap">Inc.</div></div>
		</div>
		<div style="background-image:url(data:image/png;base64, );background-repeat:no-repeat;background-size:cover;height:529.73px;left:0px;position:absolute;top:0px;transform:translate(28.800px,27.799px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="width:6595.2px;height:10554.56px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">












			<div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:151.2px;left:103.85px;text-rendering:optimizeLegibility;letter-spacing:-0.56px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:151.2px;left:791.33px;white-space:nowrap">Holdings</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:1670.8px;letter-spacing:-0.35px;white-space:nowrap">Following </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:2401.35px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:2683.65px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:3195.79px;text-rendering:optimizeLegibility;letter-spacing:-0.25px;white-space:nowrap">fiscal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:3598.24px;text-rendering:optimizeLegibility;letter-spacing:-0.95px;white-space:nowrap">first </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:3916.93px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:4229.38px;letter-spacing:-0.44px;white-space:nowrap">third </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:4615.4px;letter-spacing:-0.61px;white-space:nowrap">quarter-end, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:5567.26px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:151.2px;left:5692.68px;letter-spacing:-0.49px;white-space:nowrap">complete </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:1670.8px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:2331.91px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:2980.46px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">listing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:3443.38px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:3593.41px;letter-spacing:-0.57px;white-space:nowrap">posted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:4128.75px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:4356.83px;letter-spacing:-0.39px;white-space:nowrap">dws.com, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:5083.77px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:5396.22px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:5546.25px;letter-spacing:-0.57px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:367.2px;left:6216.24px;letter-spacing:-0.53px;white-space:nowrap">free </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:1670.8px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:1859.15px;letter-spacing:-0.57px;white-space:nowrap">charge </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:2386.05px;letter-spacing:-0.29px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:2598.75px;text-rendering:optimizeLegibility;letter-spacing:-0.56px;white-space:nowrap">contacting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:3393.02px;letter-spacing:-0.44px;white-space:nowrap">your </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:3760.31px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:4406.4px;letter-spacing:-1.19px;white-space:nowrap">intermediary, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:5408.52px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:5605.14px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:5739.34px;letter-spacing:-0.55px;white-space:nowrap">you </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:6044.59px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:583.2px;left:6318.37px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:1670.8px;letter-spacing:-0.38px;white-space:nowrap">direct </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:2128.8px;letter-spacing:-2.55px;white-space:nowrap">investor, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:2774.09px;letter-spacing:-0.29px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:2986.79px;letter-spacing:-0.22px;white-space:nowrap">calling </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:3484.07px;white-space:nowrap">(800) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:3906.03px;white-space:nowrap">728-3337. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:4684.48px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:4862.64px;text-rendering:optimizeLegibility;white-space:nowrap">addition, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:5543.7px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:799.2px;left:5826.01px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:1670.8px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:2319.34px;text-rendering:optimizeLegibility;letter-spacing:-0.27px;white-space:nowrap">listing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:2782.26px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:2932.29px;text-rendering:optimizeLegibility;white-space:nowrap">filed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:3288.08px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:3646.93px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:3929.24px;letter-spacing:-0.44px;white-space:nowrap">SEC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:4233.95px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:4462.03px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:4744.34px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:5256.47px;letter-spacing:-0.53px;white-space:nowrap">Form </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1015.2px;left:5675.62px;letter-spacing:-0.25px;white-space:nowrap">N-PORT </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:1670.8px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:1983.25px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:2268.9px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:2492.05px;letter-spacing:-0.57px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:3162.04px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:3390.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:3672.42px;letter-spacing:-0.29px;white-space:nowrap">SEC&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:4085.24px;letter-spacing:-1.65px;white-space:nowrap">Web </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:4460.36px;letter-spacing:-0.35px;white-space:nowrap">site </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:4756.73px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:4939.54px;letter-spacing:-1.76px;white-space:nowrap">sec.gov. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1231.2px;left:5545.02px;text-rendering:optimizeLegibility;white-space:nowrap">Additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:1670.8px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:2331.91px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:2980.46px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:3226.46px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:3508.77px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:3912.8px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:4186.58px;white-space:nowrap">also </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:4515.2px;letter-spacing:-0.57px;white-space:nowrap">posted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:5050.55px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:5278.62px;letter-spacing:-0.44px;white-space:nowrap">dws.com </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1447.2px;left:5961.53px;letter-spacing:-0.7px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1663.2px;left:1670.8px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1663.2px;left:2040.29px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:1663.2px;left:2232.25px;text-rendering:optimizeLegibility;white-space:nowrap">time.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2057.4px;left:597.7px;letter-spacing:-0.72px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:2289.4px;left:440.38px;letter-spacing:-0.36px;white-space:nowrap">Management</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:1670.8px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:2059.01px;text-rendering:optimizeLegibility;letter-spacing:-0.38px;white-space:nowrap">International </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:3029.59px;white-space:nowrap">GmbH, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:3574.6px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:4044.37px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:4194.4px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:4534.54px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:4722.89px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:5111.1px;letter-spacing:-0.5px;white-space:nowrap">Group, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:5648.2px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2057.4px;left:5798.23px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:1670.8px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:2516.84px;white-space:nowrap">advisor </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:3080.21px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:3326.22px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:3608.52px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:4056.59px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:4444.8px;text-rendering:optimizeLegibility;letter-spacing:-0.38px;white-space:nowrap">International </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:5415.38px;white-space:nowrap">GmbH </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2273.4px;left:5916.36px;letter-spacing:-0.49px;white-space:nowrap">provides </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:1670.8px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:1796.22px;white-space:nowrap">full </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:2063.67px;letter-spacing:-0.81px;white-space:nowrap">range </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:2513.14px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:2701.49px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:3547.53px;letter-spacing:0.1px;white-space:nowrap">advisory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:4191.15px;letter-spacing:0.2px;white-space:nowrap">services </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:4808.23px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:5000.18px;white-space:nowrap">both </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:5380.93px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">institutional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2489.4px;left:6281.72px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:1670.8px;letter-spacing:-0.88px;white-space:nowrap">retail </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:2079.67px;letter-spacing:-0.2px;white-space:nowrap">clients. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:2629.86px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:3018.08px;text-rendering:optimizeLegibility;letter-spacing:-0.38px;white-space:nowrap">International </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:3988.65px;white-space:nowrap">GmbH </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:4489.63px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:4639.66px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:4765.08px;letter-spacing:-0.33px;white-space:nowrap">direct, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:5267.11px;white-space:nowrap">wholly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2705.4px;left:5779.77px;letter-spacing:-0.15px;white-space:nowrap">owned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2921.4px;left:1670.8px;white-space:nowrap">subsidiary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2921.4px;left:2436.85px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2921.4px;left:2625.2px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:2921.4px;left:3013.42px;letter-spacing:-0.5px;white-space:nowrap">Group. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:1670.8px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:2059.01px;letter-spacing:-0.59px;white-space:nowrap">Group </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:2552.08px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:2702.11px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:2827.53px;white-space:nowrap">global </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:3304.16px;text-rendering:optimizeLegibility;letter-spacing:-0.88px;white-space:nowrap">organization </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:4232.11px;letter-spacing:-0.35px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:4567.59px;text-rendering:optimizeLegibility;letter-spacing:-1.26px;white-space:nowrap">offers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:5017.24px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:5142.66px;white-space:nowrap">wide </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:5531.31px;letter-spacing:-0.81px;white-space:nowrap">range </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3137.4px;left:5980.78px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3353.4px;left:1670.8px;text-rendering:optimizeLegibility;letter-spacing:-0.7px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3353.4px;left:2350.81px;text-rendering:optimizeLegibility;letter-spacing:-0.26px;white-space:nowrap">expertise </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3353.4px;left:3053.67px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3353.4px;left:3366.12px;letter-spacing:-0.48px;white-space:nowrap">resources, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3353.4px;left:4150.72px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3353.4px;left:4845.59px;letter-spacing:-0.29px;white-space:nowrap">hundreds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3353.4px;left:5571.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3353.4px;left:5760.18px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:1670.8px;letter-spacing:-0.54px;white-space:nowrap">managers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:2416.99px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:2729.44px;letter-spacing:-0.49px;white-space:nowrap">analysts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:3346.17px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:3658.62px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:3877.56px;text-rendering:optimizeLegibility;white-space:nowrap">office </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:4320px;letter-spacing:-0.33px;white-space:nowrap">network </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:4960.72px;letter-spacing:-0.35px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:5296.2px;letter-spacing:-0.33px;white-space:nowrap">reaches </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3569.4px;left:5898.6px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3785.4px;left:1670.8px;letter-spacing:-0.22px;white-space:nowrap">world&#39;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3785.4px;left:2232.77px;white-space:nowrap">major </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3785.4px;left:2697.89px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3785.4px;left:3543.93px;letter-spacing:-0.78px;white-space:nowrap">centers. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3785.4px;left:4160.39px;white-space:nowrap">This </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3785.4px;left:4490.95px;letter-spacing:-0.47px;white-space:nowrap">well-resourced </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:3785.4px;left:5602.94px;white-space:nowrap">global </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:1670.8px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:2516.84px;text-rendering:optimizeLegibility;letter-spacing:-0.68px;white-space:nowrap">platform </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:3175.84px;white-space:nowrap">brings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:3659.33px;letter-spacing:-0.44px;white-space:nowrap">together </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:4326.06px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:4451.48px;white-space:nowrap">wide </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:4840.14px;letter-spacing:-0.44px;white-space:nowrap">variety </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:5370.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4001.4px;left:5558.82px;letter-spacing:-0.24px;white-space:nowrap">experience </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:1670.8px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:1983.25px;letter-spacing:-0.8px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:2829.29px;letter-spacing:-0.22px;white-space:nowrap">insight </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:3347.84px;letter-spacing:-0.5px;white-space:nowrap">across </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:3841.43px;letter-spacing:-0.18px;white-space:nowrap">industries, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:4633.33px;letter-spacing:-0.29px;white-space:nowrap">regions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:5247.51px;letter-spacing:-0.15px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:5659.36px;white-space:nowrap">classes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4217.4px;left:6198.84px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4433.4px;left:1670.8px;text-rendering:optimizeLegibility;letter-spacing:-0.7px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4433.4px;left:2350.81px;letter-spacing:-0.31px;white-space:nowrap">styles.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4827.6px;left:317.07px;letter-spacing:-1.1px;white-space:nowrap">Voluntary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:4827.6px;left:1087.87px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5059.6px;left:87.68px;letter-spacing:-0.28px;white-space:nowrap">Purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5059.6px;left:805.39px;letter-spacing:-0.77px;white-space:nowrap">Program </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5291.6px;left:450.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5291.6px;left:772.96px;white-space:nowrap">Dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5523.6px;left:46.02px;letter-spacing:-0.81px;white-space:nowrap">Reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:5523.6px;left:1114.94px;white-space:nowrap">Plan</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:1670.8px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:1980.97px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:2385px;text-rendering:optimizeLegibility;letter-spacing:-1.26px;white-space:nowrap">offers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:2834.65px;letter-spacing:-0.47px;white-space:nowrap">shareholders </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:3809.27px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:3934.69px;letter-spacing:-1.05px;white-space:nowrap">Voluntary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:4670.51px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:5055.38px;letter-spacing:-0.49px;white-space:nowrap">Purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:4827.6px;left:5752px;letter-spacing:-1.1px;white-space:nowrap">Program </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5043.6px;left:1670.8px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5043.6px;left:1983.25px;white-space:nowrap">Dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5043.6px;left:2661.33px;letter-spacing:-0.95px;white-space:nowrap">Reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5043.6px;left:3688.59px;white-space:nowrap">Plan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5043.6px;left:4038.66px;white-space:nowrap">(&#8220;Plan&#8221;) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5043.6px;left:4643.61px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5043.6px;left:5113.39px;letter-spacing:-0.49px;white-space:nowrap">provides </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5043.6px;left:5770.11px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:1670.8px;text-rendering:optimizeLegibility;letter-spacing:-0.1px;white-space:nowrap">optional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:2307.3px;letter-spacing:-0.35px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:2670.64px;letter-spacing:-0.26px;white-space:nowrap">purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:3440.74px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:3753.19px;letter-spacing:-1.1px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:3999.2px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:4281.5px;text-rendering:optimizeLegibility;letter-spacing:-0.35px;white-space:nowrap">automatic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:5051.07px;letter-spacing:-0.88px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5259.6px;left:6045.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:1670.8px;white-space:nowrap">dividends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:2402.75px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:2715.2px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:3658.97px;letter-spacing:-0.77px;white-space:nowrap">payable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:4258.04px;letter-spacing:-0.29px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:4470.73px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:4753.04px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:5157.07px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:5331.01px;text-rendering:optimizeLegibility;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5475.6px;left:6092.49px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:1670.8px;letter-spacing:-0.33px;white-space:nowrap">shares. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:2221.35px;white-space:nowrap">Plan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:2571.42px;text-rendering:optimizeLegibility;letter-spacing:-0.14px;white-space:nowrap">participants </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:3464.91px;letter-spacing:-0.88px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:3808.56px;letter-spacing:-1px;white-space:nowrap">invest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:4272.36px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:4467.39px;text-rendering:optimizeLegibility;white-space:nowrap">little </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:4828.18px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:5023.21px;white-space:nowrap">$100 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:5428.83px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:5602.76px;letter-spacing:-0.88px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5691.6px;left:5897.55px;letter-spacing:-0.29px;white-space:nowrap">month </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:1670.8px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:1983.25px;letter-spacing:-0.88px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:2326.9px;letter-spacing:-1px;white-space:nowrap">invest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:2790.7px;white-space:nowrap">up </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:3018.43px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:3210.38px;white-space:nowrap">$36,000 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:3842.49px;letter-spacing:-1.23px;white-space:nowrap">annually. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:4523.73px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:4833.9px;white-space:nowrap">Plan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:5183.96px;letter-spacing:-0.38px;white-space:nowrap">allows </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:5907.6px;left:5675.45px;letter-spacing:-0.55px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:1670.8px;letter-spacing:-0.47px;white-space:nowrap">shareholders </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:2645.42px;white-space:nowrap">who </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:2999.27px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:3273.05px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:3560.27px;letter-spacing:-0.33px;white-space:nowrap">already </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:4131.39px;text-rendering:optimizeLegibility;letter-spacing:-0.14px;white-space:nowrap">participants </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:5024.88px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:5198.82px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:5481.12px;white-space:nowrap">Plan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:5831.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6123.6px;left:6143.64px;text-rendering:optimizeLegibility;letter-spacing:-0.95px;white-space:nowrap">first </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:1670.8px;text-rendering:optimizeLegibility;white-space:nowrap">time </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:2040.29px;letter-spacing:-1.23px;white-space:nowrap">investors </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:2724.34px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:2916.3px;letter-spacing:-0.5px;white-space:nowrap">enroll </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:3371.31px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:3545.24px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:3827.55px;white-space:nowrap">Plan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:4177.62px;letter-spacing:-0.29px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:4390.31px;white-space:nowrap">making </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:4955.1px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:5174.03px;text-rendering:optimizeLegibility;white-space:nowrap">initial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:5609.62px;letter-spacing:-0.35px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6339.6px;left:5972.96px;white-space:nowrap">deposit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:1670.8px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:1859.15px;letter-spacing:-0.59px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:2041.96px;letter-spacing:-0.37px;white-space:nowrap">least </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:2422.62px;white-space:nowrap">$250 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:2828.23px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:3187.09px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:3469.39px;white-space:nowrap">plan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:3821.57px;letter-spacing:-0.44px;white-space:nowrap">agent. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:4313.93px;letter-spacing:-0.44px;white-space:nowrap">Share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:4762.7px;letter-spacing:-0.26px;white-space:nowrap">purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:5532.8px;letter-spacing:-0.66px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6555.6px;left:5806.58px;letter-spacing:-0.2px;white-space:nowrap">combined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:1670.8px;letter-spacing:-0.59px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:1862.75px;letter-spacing:-0.55px;white-space:nowrap">receive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:2423.41px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:2548.83px;text-rendering:optimizeLegibility;letter-spacing:-0.16px;white-space:nowrap">beneficial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:3286.32px;letter-spacing:-1.45px;white-space:nowrap">brokerage </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:4050.35px;letter-spacing:-1.05px;white-space:nowrap">fee. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:4361.48px;white-space:nowrap">A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:4503.6px;letter-spacing:-0.68px;white-space:nowrap">brochure </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:5202.16px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:5352.19px;letter-spacing:-0.57px;white-space:nowrap">available </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6771.6px;left:6022.18px;letter-spacing:-0.29px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6987.6px;left:1670.8px;text-rendering:optimizeLegibility;white-space:nowrap">writing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6987.6px;left:2214.4px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6987.6px;left:2411.01px;letter-spacing:-0.15px;white-space:nowrap">telephoning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6987.6px;left:3318.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6987.6px;left:3601.05px;letter-spacing:-1.17px;white-space:nowrap">transfer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:6987.6px;left:4205.04px;letter-spacing:-0.44px;white-space:nowrap">agent: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7203.6px;left:1670.8px;letter-spacing:-0.44px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7203.6px;left:2059.01px;letter-spacing:0.22px;white-space:nowrap">Service </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7203.6px;left:2618.35px;letter-spacing:-0.44px;white-space:nowrap">Company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7419.6px;left:1670.8px;letter-spacing:-5.8px;white-space:nowrap">P.O. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7419.6px;left:1979.74px;letter-spacing:-0.88px;white-space:nowrap">Box </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7419.6px;left:2282.43px;white-space:nowrap">219066 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7635.6px;left:1670.8px;letter-spacing:-0.5px;white-space:nowrap">Kansas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7635.6px;left:2200.96px;letter-spacing:-2.34px;white-space:nowrap">City, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7635.6px;left:2546.19px;white-space:nowrap">MO </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7635.6px;left:2856.71px;white-space:nowrap">64121-9066 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7851.6px;left:1670.8px;letter-spacing:-2.71px;white-space:nowrap">Tel.: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:7851.6px;left:2002.24px;white-space:nowrap">1-800-437-6269</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8245.8px;left:465.61px;letter-spacing:-0.53px;white-space:nowrap">NYSE </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8245.8px;left:888.62px;letter-spacing:-0.42px;white-space:nowrap">Symbol</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8245.8px;left:1670.8px;white-space:nowrap">CEE</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8640px;left:286.66px;white-space:nowrap">Nasdaq </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:8640px;left:888.62px;letter-spacing:-0.42px;white-space:nowrap">Symbol</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:8640px;left:1670.8px;letter-spacing:-0.73px;white-space:nowrap">XCEEX </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9034.2px;left:345.28px;white-space:nowrap">CUSIP </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:149px;font-weight:bold;position:absolute;top:9034.2px;left:827.63px;white-space:nowrap">Number</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:9034.2px;left:1670.8px;white-space:nowrap">153436100</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-0.41px;white-space:nowrap">There </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:573.96px;letter-spacing:-0.62px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:918.78px;letter-spacing:-0.41px;white-space:nowrap">three </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:1460.08px;white-space:nowrap">closed-end </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:2504.97px;white-space:nowrap">funds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:3066.25px;text-rendering:optimizeLegibility;letter-spacing:-0.76px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:3934.22px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:4156.04px;letter-spacing:-0.3px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:0px;left:5080.41px;text-rendering:optimizeLegibility;white-space:nowrap">equities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:0px;white-space:nowrap">advised </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:751.09px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:1145.55px;letter-spacing:-0.59px;white-space:nowrap">administered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:2401.2px;letter-spacing:-0.39px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:2672.01px;white-space:nowrap">wholly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:3334.27px;letter-spacing:-0.07px;white-space:nowrap">owned </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:4012.64px;letter-spacing:-0.08px;white-space:nowrap">subsidiaries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:5138.42px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:5376.04px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:280px;left:5730.85px;letter-spacing:-0.81px;white-space:nowrap">DWS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:193px;font-weight:bold;position:absolute;top:560px;left:0px;letter-spacing:-0.45px;white-space:nowrap">Group:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:300px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:679.09px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:1363.37px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:1745.25px;letter-spacing:-1.14px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:2453.16px;letter-spacing:-0.61px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:3134px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:3681.64px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:4046.77px;white-space:nowrap">&#8212; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:4295.66px;text-rendering:optimizeLegibility;letter-spacing:-0.86px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:955.2px;left:5126.79px;white-space:nowrap">primarily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:300px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:512.59px;white-space:nowrap">equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:1117.48px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:1357.78px;letter-spacing:-0.92px;white-space:nowrap">equity-linked </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:2548.55px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:3437.26px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:3667.46px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:4315.54px;white-space:nowrap">domiciled </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:5230.56px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1235.2px;left:5443.14px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:300px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:681.88px;letter-spacing:-1.14px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:1389.79px;letter-spacing:-0.61px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:2070.63px;white-space:nowrap">(with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:2574.98px;white-space:nowrap">normally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:3401.27px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:3624.71px;letter-spacing:-0.45px;white-space:nowrap">least </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4089.95px;white-space:nowrap">80% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4518.24px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:4730.83px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1515.2px;left:5619.53px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:300px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:948.08px;white-space:nowrap">domiciled </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:1863.1px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:2075.68px;letter-spacing:-0.43px;white-space:nowrap">countries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:2948.49px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:3161.07px;letter-spacing:-0.81px;white-space:nowrap">Central </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:3845.35px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:4227.24px;letter-spacing:-1.14px;white-space:nowrap">Eastern </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:1795.2px;left:4935.15px;letter-spacing:-0.54px;white-space:nowrap">Europe).</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:300px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:679.09px;letter-spacing:-0.48px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:1577.78px;letter-spacing:-0.46px;white-space:nowrap">Equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:2178.27px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:2725.91px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:3091.04px;white-space:nowrap">&#8212; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:3339.93px;text-rendering:optimizeLegibility;letter-spacing:-0.86px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:4171.05px;white-space:nowrap">primarily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:5007.01px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2190.4px;left:5219.6px;white-space:nowrap">equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:300px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:540.3px;letter-spacing:-0.92px;white-space:nowrap">equity-linked </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:1731.07px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:2619.78px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:2849.98px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:3498.06px;white-space:nowrap">domiciled </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:4413.08px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:4625.66px;letter-spacing:-0.61px;white-space:nowrap">Europe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2470.4px;left:5306.5px;white-space:nowrap">(with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:300px;white-space:nowrap">normally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:1126.29px;letter-spacing:-0.72px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:1349.73px;letter-spacing:-0.45px;white-space:nowrap">least </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:1814.97px;white-space:nowrap">80% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:2243.26px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:2455.85px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:3344.55px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:3574.76px;letter-spacing:-0.54px;white-space:nowrap">issuers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:4222.83px;white-space:nowrap">domiciled </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:5137.85px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:2750.4px;left:5350.44px;letter-spacing:-0.54px;white-space:nowrap">Europe).</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:300px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:679.09px;letter-spacing:-0.27px;white-space:nowrap">New </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:1130.59px;letter-spacing:-0.54px;white-space:nowrap">Germany </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:1987.49px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:2535.13px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:2900.25px;white-space:nowrap">&#8212; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:3149.15px;text-rendering:optimizeLegibility;letter-spacing:-0.86px;white-space:nowrap">investing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:3980.27px;white-space:nowrap">primarily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:4816.23px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:5028.82px;white-space:nowrap">equity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3145.6px;left:5633.71px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3425.6px;left:300px;letter-spacing:-0.92px;white-space:nowrap">equity-linked </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3425.6px;left:1490.77px;text-rendering:optimizeLegibility;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3425.6px;left:2379.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3425.6px;left:2609.68px;white-space:nowrap">middle </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3425.6px;left:3267.85px;letter-spacing:-1.23px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3425.6px;left:3940.42px;white-space:nowrap">German </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3425.6px;left:4704.62px;letter-spacing:-0.21px;white-space:nowrap">companies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3425.6px;left:5709.01px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:300px;white-space:nowrap">up </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:578.33px;letter-spacing:-0.72px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:812.94px;white-space:nowrap">20% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:1241.23px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:1453.82px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:1989.42px;letter-spacing:-1.61px;white-space:nowrap">Western </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:2784.99px;letter-spacing:-0.48px;white-space:nowrap">European </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:3683.68px;letter-spacing:-0.21px;white-space:nowrap">companies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:4688.08px;white-space:nowrap">(with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:5192.42px;white-space:nowrap">no </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3705.6px;left:5471.18px;letter-spacing:-0.64px;white-space:nowrap">more </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3985.6px;left:300px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3985.6px;left:754.18px;white-space:nowrap">15% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3985.6px;left:1182.47px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3985.6px;left:1395.06px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3985.6px;left:1755.35px;white-space:nowrap">single </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:3985.6px;left:2313.41px;letter-spacing:-0.36px;white-space:nowrap">country).</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:0px;white-space:nowrap">Please </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:616.06px;letter-spacing:-0.27px;white-space:nowrap">consult </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:1306.46px;letter-spacing:-0.54px;white-space:nowrap">your </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:1755.38px;letter-spacing:-1.69px;white-space:nowrap">broker </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:2379.72px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:2680.39px;white-space:nowrap">advice </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:3295.6px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:3574.36px;letter-spacing:-1.07px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:3934.65px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:4164.85px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:4509.89px;letter-spacing:-0.54px;white-space:nowrap">above </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:5094.48px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4380.8px;left:5334.79px;letter-spacing:-0.43px;white-space:nowrap">call </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4660.8px;left:0px;white-space:nowrap">(1-800-437-6269) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4660.8px;left:1609.82px;letter-spacing:-1.34px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4660.8px;left:1910.5px;letter-spacing:-0.27px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:197px;font-weight:300;position:absolute;top:4660.8px;left:3020.92px;letter-spacing:-0.4px;white-space:nowrap">reports.</div></div>
		</div>
		<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(29.375px,426.023px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.07px">

		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAABVsAAAADCAYAAACNvN9BAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAOElEQVR4Xu3YsQ0AIAgAQWT/jpi4rYxAoeVd/RP8qn1uAAAAAADwJKcAAAAAAICZ2QoAAAAA8EEDhvMCxSFi7KQAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>


</div></div><div style="page-break-after:always;margin:-8px;position:relative;height:603px;width:387px"><div style="position:absolute;top:0px;left:0px;width:387px;height:603px">
		<div style="height:39.82px;left:0px;position:absolute;top:0px;transform:translate(64.140px,576.000px) rotate(270.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:77.04px">
			<div style="width:1540.8px;height:720px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.82px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">875 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:314.38px;letter-spacing:-0.44px;white-space:nowrap">Third </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:0px;left:728.26px;letter-spacing:-0.63px;white-space:nowrap">Avenue </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:216px;left:0px;letter-spacing:-0.22px;white-space:nowrap">New </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:216px;left:369.4px;letter-spacing:-2.12px;white-space:nowrap">York, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:216px;left:761.13px;white-space:nowrap">NY </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:144px;font-weight:300;position:absolute;top:216px;left:1001.16px;white-space:nowrap">10022</div></div>
		</div>
		<div style="height:13.11px;left:0px;position:absolute;top:0px;transform:translate(336.475px,568.800px) rotate(270.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:77.04px">
			<div style="width:1540.8px;height:144px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.31px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:bold;position:absolute;top:0px;left:0px;letter-spacing:-0.62px;white-space:nowrap">CEE-3</div></div>
		</div>
		<div style="height:10.62px;left:0px;position:absolute;top:0px;transform:translate(348.200px,568.800px) rotate(270.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:77.04px">
			<div style="width:1540.8px;height:144px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.42px) rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:0px;left:0px;white-space:nowrap">(R-027581-14 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:140px;font-weight:300;position:absolute;top:0px;left:801.38px;white-space:nowrap">6/25)</div></div>
		</div>
		<div style="height:63.72px;left:0px;position:absolute;top:0px;transform:translate(28.800px,513.000px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:20.16px">
			<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
		</div>
		<div style="height:370.31px;left:0px;position:absolute;top:0px;transform:translate(28.800px,25.312px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:329.76px">
			<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64, )"></div>
		</div>


</div></div>
<!-- Field: /Include-Text -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt"></P>



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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 84%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">(b) Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="height: 4pt; vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; height: 4pt"><B>Item 2.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; height: 4pt"><B>Code of Ethics.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 3.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Audit Committee Financial Expert.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 4.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Principal Accountant Fees and Services.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 5.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Audit Committee of Listed Registrants.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 6.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Investments.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 7.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Financial Statements and Financial Highlights for Open-End Management Investment Companies.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 8.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Changes in and Disagreements with Accountants for Open-End Management Investment Companies.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 9.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Proxy Disclosures for Open-End Management Investment Companies.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 10.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 11.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Statement Regarding Basis for Approval of Investment Advisory Contract.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 12.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 13.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Portfolio Managers of Closed-End Management Investment Companies.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 14.</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="height: 64.5pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 28%; border: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 64.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Period</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 17%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 64.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Total Number <BR>
of Shares Purchased </FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 64.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Average Price <BR>
Paid per Share </FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 64.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) Total Number <BR>
of Shares Purchased <BR>
as Part of Publicly <BR>
Announced Plans <BR>
or Programs </FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 64.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Maximum Number <BR>
of Shares that <BR>
May Yet Be <BR>
Purchased Under <BR>
the Plans or Programs </FONT></TD>
    <TD STYLE="padding-bottom: 8pt; width: 1%; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 1%; height: 86px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 1 through November 30</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;n/a </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 1 through December 31</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;n/a </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">January 1 through January 31</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;n/a </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February 1 through February 28</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;n/a </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">March 1 through March 31</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;n/a </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April 1 through April 30</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;n/a </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;n/a </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">n/a</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 22.5pt">
    <TD COLSPAN="5" ROWSPAN="4" STYLE="vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 22.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">On July 25, 2024, the Fund announced that the Board of Directors approved an extension of the current repurchase authorization permitting the Fund to continue to purchase outstanding shares of its common stock in open-market transactions over the twelve-month period from August 1, 2024 through July 31, 2025. Repurchases will be made when the Fund&rsquo;s shares trade at a discount to net asset value and such purchases are deemed to be in the best interests of the Fund. The Fund did not repurchase shares between August 1, 2024 and April 30. 2025.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="height: 30px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  <TR STYLE="height: 15.75pt">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 0.75pt; padding-right: 5.4pt; padding-left: 5.4pt; height: 15.75pt">&nbsp;</TD>
    <TD STYLE="height: 21px">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>
<!-- Field: /Include-Text -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 15.</B></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Submission of Matters to a Vote of Security Holders.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">There were no material changes to the procedures by which stockholders may recommend nominees to the Fund&#8217;s Board. The Nominating and Governance Committee will consider nominee candidates properly submitted by stockholders in accordance with applicable law, the Fund's Articles of Incorporation or By-laws, resolutions of the Board and the qualifications and procedures set forth in the Nominating and Governance Committee Charter and this proxy statement. The Nominating and Governance Committee's Charter requires that a stockholder or group of stockholders seeking to submit a nominee candidate (i) must have beneficially owned at least 5% of the Fund's common stock for at least two years, (ii) may submit only one nominee candidate for any particular meeting of stockholders, and (iii) may submit a nominee candidate for only an annual meeting or other meeting of stockholders at which directors will be elected. The stockholder or group of stockholders must provide notice of the proposed nominee pursuant to the requirements found in the Fund's By-laws.&nbsp;&nbsp;Generally, this notice must be received not less than 90 days nor more than 120 days prior to the first anniversary of the date of mailing of the notice for the preceding year's annual meeting. Such notice shall include the specific information required by the Fund's By-laws. The Nominating and Governance Committee will evaluate nominee candidates properly submitted by stockholders on the same basis as it considers and evaluates candidates recommended by other sources.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 16.</B></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Controls and Procedures.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt">(a)</TD>
    <TD STYLE="width: 75%; padding-right: 5.4pt; padding-left: 5.4pt">The Chief Executive and Financial Officers concluded that the Registrant&#8217;s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">(b) </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">There have been no changes in the registrant&#8217;s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal controls over financial reporting.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 17.</B></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 18.</B></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Recovery of Erroneously Awarded Compensation.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Item 19.</B></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Exhibits</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">(a)(1)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Not applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">(a)(2)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><A HREF="ex99cert.htm" STYLE="-sec-extract: exhibit">Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">(b)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><A HREF="ex99906cert.htm" STYLE="-sec-extract: exhibit">Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.</A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">Registrant:</TD>
    <TD STYLE="width: 67%; padding-right: 5.4pt; padding-left: 5.4pt">The Central and Eastern Europe Fund, Inc.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/Hepsen Uzcan</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Hepsen Uzcan</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Principal Executive Officer</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Date:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">6/27/2025</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD STYLE="width: 67%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/Hepsen Uzcan</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Hepsen Uzcan</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Principal Executive Officer</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Date:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">6/27/2025</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/Diane Kenneally</U></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Diane Kenneally</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Principal Financial Officer</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Date:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">6/27/2025</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>ex99cert.htm
<DESCRIPTION>CERTIFICATION
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Principal Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Form N-CSRS Certification under Sarbanes Oxley Act</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I, Hepsen Uzcan, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>I have reviewed this report, filed on behalf of The Central and Eastern Europe Fund, Inc., on Form N-CSRS;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD>The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of a date within 90 days of the filing date of this report based on such
evaluation; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over
financial reporting; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD>The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's
board of directors (or persons performing the equivalent functions):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal
control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">6/27/2025</TD>
    <TD STYLE="width: 52%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt; font-weight: normal; font-size: 10pt; color: #0F4761; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Hepsen Uzcan</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 4pt; padding-left: 5.4pt; font-weight: normal; text-align: right; font-size: 14pt; color: #0F4761">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Principal Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Principal Financial Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Form N-CSRS Certification under Sarbanes Oxley Act</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I, Diane Kenneally, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>I have reviewed this report, filed on behalf of The Central and Eastern Europe Fund, Inc., on Form N-CSRS;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD>The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of a date within 90 days of the filing date of this report based on such
evaluation; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over
financial reporting; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD>The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's
board of directors (or persons performing the equivalent functions):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal
control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt">6/27/2025</TD>
    <TD STYLE="width: 52%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt; font-weight: normal; color: #0F4761; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Diane Kenneally</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 4pt; padding-left: 5.4pt; font-weight: normal; text-align: right; font-size: 14pt; color: #0F4761">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Principal Financial Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<TYPE>EX-99.906 CERT
<SEQUENCE>3
<FILENAME>ex99906cert.htm
<DESCRIPTION>906 CERTIFICATION
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Principal Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Section 906 Certification under Sarbanes Oxley Act</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I, Hepsen Uzcan, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>I have reviewed this report, filed on behalf of The Central and Eastern Europe Fund, Inc., on Form N-CSRS;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Based on my knowledge and pursuant to 18 U.S.C. &sect; 1350, the periodic report on Form N-CSRS (the &ldquo;Report&rdquo;) fully complies
with the requirements of &sect; 13 (a) or &sect; 15 (d), as applicable, of the Securities Exchange Act of 1934 and that the information
contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">6/27/2025</TD>
    <TD STYLE="width: 52%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt; font-weight: normal; font-size: 10pt; color: #0F4761; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Hepsen Uzcan</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 4pt; padding-left: 5.4pt; font-weight: normal; text-align: right; font-size: 14pt; color: #0F4761">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Principal Executive Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Principal Financial Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Section 906 Certification under Sarbanes Oxley Act</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I, Diane Kenneally, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>I have reviewed this report, filed on behalf of The Central and Eastern Europe Fund, Inc., on Form N-CSRS;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Based on my knowledge and pursuant to 18 U.S.C. &sect; 1350, the periodic report on Form N-CSRS (the &ldquo;Report&rdquo;) fully complies
with the requirements of &sect; 13 (a) or &sect; 15 (d), as applicable, of the Securities Exchange Act of 1934 and that the information
contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt">6/27/2025</TD>
    <TD STYLE="width: 52%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 2pt; padding-left: 5.4pt; font-weight: normal; color: #0F4761; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Diane Kenneally</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 4pt; padding-left: 5.4pt; font-weight: normal; text-align: right; font-size: 14pt; color: #0F4761">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Principal Financial Officer</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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