# Model asset allocation breakdown
### GAM MFS Global Dynamic Growth Portfolio – The strategy is designed for clients seeking to participate in global equity market growth.
It is intended that the Fund will maintain a bias towards growth and may invest up to 100% in collective investment schemes which invest equities. Exposure to fixed income, absolute return and alternative collective investment schemes may be on an ancillary basis.

### North American 17.5%

### Fixed Income 10.1%

### Asia Pacific 8.5%

### Japan 12.1%

### Absolute Return 4.0%
| Asset Class |  | Manager - Fund | % |
| --- | --- | --- | --- |
| 	Specialist 10.1%	 |  |  Lyxor Smart Overnight Return UCITS ETF	 | 10.1 |
| 	Global Macro 4.0%	 |  |  JPM Global Macro Opportunities Fund	 | 4.0 |
| 	Global 3.5%	 |  |  GAM Star Disruptive Growth	 | 3.5 |
| Europe 14.9% |  | BGF Continental European Flexible Fund | 4.7 |
|  |  | Comgest Growth Europe ex-UK | 4.5 |
| UK 4.4% |  | Amundi Prime Eurozone ETF Ninety One Funds UK Alpha Fund | 5.7 4.4 |


### 6.8

### iShares Edge MSCI USA Value Amundi Prime USA ETF

### Loomis Sayles US Growth Equity Fund

### 5.6

### 5.1

### CompAM Cadence Strategic Asia Veritas Asian

### Coupland Cardiff Japan Alpha JPM Japan Fund

### 4.3

### 4.1

### 5.9

### 6.1

### RWC Global Emerging Markets Fund GAM Emerging Equity

### Aubrey Global Emerging Markets Opportunities Fund Amundi Msci Emerging Markets ETF

### 3.3

### 0.0

### 2.6

### 4.3

### iShares Physical Gold ETC

### Premier Pan European Property Share

### Alternatives 6.0%

### Emerging 10.1%

### 4.0

### 1.9

### Equity 71.1%

### Alternatives 6.0%

### Cash 8.8%

Translation (ENIT, 2023-02-28):
# Asset allocation modello
### GAM MFS Global Dynamic Growth Portfolio – Questa strategia è idonea per quei clienti che desiderano partecipare all’espansione del mercato azionario globale.
Si prevede che il Fondo conserverà una preferenza per la crescita e potrà investire fino al 100% in organismi d’investimento collettivo che investono in azioni. L’esposizione ad obbligazioni ed organismi d’investimento collettivo che seguono strategie absolute return ed alternative avrà carattere accessorio.

### America del Nord 17.5%

### Reddito fisso 10,1%

### Asia Pacific 8.5%

### Giappone 12.1%

### Absolute Return 4,0%
| Classe di attivi |  | Manager - Fund | % |
| --- | --- | --- | --- |
| 	Specialist 10.1%	 |  |  Lyxor Smart Overnight Return UCITS ETF	 | 10.1 |
| 	Global Macro 4.0%	 |  |  JPM Global Macro Opportunities Fund	 | 4.0 |
| 	Globali 3.5%	 |  |  GAM Star Disruptive Growth	 | 3.5 |
| Europa 14.9% |  | BGF Continental European Flexible Fund | 4.7 |
|  |  | Comgest Growth Europe ex-UK | 4.5 |
| Regno Unito 4.4% |  | Amundi Prime Eurozone ETF Ninety One Funds UK Alpha Fund | 5.7 4.4 |


### 6.8

### iShares Edge MSCI USA Value Amundi Prime USA ETF

### Loomis Sayles US Growth Equity Fund

### 5.6

### 5.1

### CompAM Cadence Strategic Asia Veritas Asian

### Coupland Cardiff Japan Alpha JPM Japan Fund

### 4.3

### 4.1

### 5.9

### 6.1

### RWC Global Emerging Markets Fund GAM Emerging Equity

### Aubrey Global Emerging Markets Opportunities Fund Amundi Msci Emerging Markets ETF

### 3.3

### 0.0

### 2.6

### 4.3

### iShares Physical Gold ETC

### Premier Pan European Property Share

### Strumenti alternativi 6.0%

### Emergenti 10.1%

### 4.0

### 1.9

### Azionario 71,1%

### Strumenti alternativi 6,0%

### Liquidità 8,8%