# Model asset allocation breakdown
### GAM MFS Global Growth Portfolio – This strategy is designed for clients seeking to participate primarily in global equity market growth while maintaining an element of capital protection.
It is intended that the Fund will maintain a bias towards equity collective investment schemes with additional diversifying exposure to fixed income, absolute return and alternative collective investment schemes.

### Asset Class	Manager - Fund	%

### 	Credit 4.7%		 GAM Star Credit Opportunities GBP		4.7

### GAM Star MBS Total Return Hedged GAM Star MBS Total Return Unhedged

### Specialist 10.1%

### 5.2

### 4.9

### 	Global Macro 4.4%		 JPM Global Macro Opportunities Fund		4.4

### Fixed Income 14.8%

### 	Global 4.9%		 GAM Star Disruptive Growth		4.9

### BGF Continental European Flexible Fund Comgest Growth Europe ex-UK

### Amundi Prime Eurozone ETF

### Polar Capital Funds UK Value Opportunities Fund Ninety One Funds UK Alpha Fund

### Europe 12.1%

### UK 7.3%

### 4.4

### 4.0

### 3.8

### 2.7

### 4.6

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

### Loomis Sayles US Growth Equity Fund

### North American 15.6%

### 6.0

### 4.8

### Asia Pacific 9.4%

### Japan 11.7%

### 4.9

### Absolute Return 4.4%

### 4.4

### CompAM Cadence Strategic Asia Veritas Asian

### Coupland Cardiff Japan Alpha JPM Japan Fund

### 5.0

### 6.6

### 5.1

### RWC Global Emerging Markets Fund GAM Emerging Equity

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

### Emerging 10.1%

### 3.2

### 1.5

### 1.7

### 3.6

### iShares Physical Gold ETC

### Premier Pan European Property Share

### Alternatives 5.9%

### 2.9

### 3.0

### Equity 71.1%

### Alternatives 5.9%

### Cash 3.8%

Translation (ENIT, 2022-08-31):
# Asset allocation modello
GAM MFS Global Growth Portfolio – Questa strategia è idonea per quei clienti che desiderano partecipare principalmente all’espansione del mercato azionario globale, preservando al contempo l’elemento di protezione del capitale.
Si prevede che il Fondo conserverà una preferenza per gli organismi d’investimento collettivo che investono in azioni e hanno un’esposizione diversificata complementare alle obbligazioni e per gli organismi d’investimento collettivo che seguono strategie absolute return ed alternative.

### Classe di attivi	Manager - Fund	%
	Credito 4.7%		 GAM Star Credit Opportunities GBP		4.7
GAM Star MBS Total Return Hedged GAM Star MBS Total Return Unhedged
Specialist 10.1%
5.2
4.9
	Global Macro 4.4%		 JPM Global Macro Opportunities Fund		4.4
Reddito fisso 14,8%
	Globali 4.9%		 GAM Star Disruptive Growth		4.9
BGF Continental European Flexible Fund Comgest Growth Europe ex-UK
Amundi Prime Eurozone ETF
Polar Capital Funds UK Value Opportunities Fund Ninety One Funds UK Alpha Fund
Europa 12.1%
Regno Unito 7.3%
4.4
4.0
3.8
2.7
4.6
iShares Edge MSCI USA Value Amundi Prime USA ETF
Loomis Sayles US Growth Equity Fund
America del Nord 15.6%
6.0
4.8
Asia Pacific 9.4%
Giappone 11.7%
4.9
Absolute Return 4,4%
4.4
CompAM Cadence Strategic Asia Veritas Asian
Coupland Cardiff Japan Alpha JPM Japan Fund
5.0
6.6
5.1
RWC Global Emerging Markets Fund GAM Emerging Equity
Aubrey Global Emerging Markets Opportunities Fund Amundi Msci Emerging Markets ETF
Emergenti 10.1%
3.2
1.5
1.7
3.6
iShares Physical Gold ETC
Premier Pan European Property Share
Strumenti alternativi 5.9%
2.9
3.0
Azionario 71,1%
Strumenti alternativi 5,9%
Liquidità 3,8%