# EXPOSURE AND RISK ANALYSIS
| TOP 5 MARKETS BY GROSS CONTRIBUTION^ |  |  | BOTTOM 5 MARKETS BY GROSS CONTRIBUTION^ |  |
| --- | --- | --- | --- | --- |
| Mexican Peso/US Dollar | 0.70% |  | South Korean Won/US Dollar | -0.72% |
| Polish Zloty/US Dollar | 0.32% |  | Swiss Franc/US Dollar | -0.71% |
| VIX Volatility Index | 0.26% |  | Chinese Renminbi/US Dollar Offshore Deliverable | -0.56% |
| Australian SPI 200 Index | 0.17% |  | Australian Dollar/US Dollar | -0.47% |
| Euro/Polish Zloty | 0.13% |  | Japanese Yen/US Dollar | -0.45% |
| EXPOSURE BY SECTOR |  |  | TOP 5 FX EXPOSURES |  |
|  | Short Positions | Long Positions | Net | Currency |  |  |
| Bonds and Rates | -24.88% | 2.57% | -22.31% | MXN | 18.55% |  |
| Commodities | 0.00% | 1.04% | 1.04% | PLN | 13.24% |  |
| Currencies | -65.47% | 65.47% | N/A | EUR | 11.83% |  |
| Stocks | -5.62% | 27.88% | 22.26% | CNH | -10.46% |  |
|  |  |  |  | JPY | -10.35% |  |
| SOVEREIGN BOND NET EXPOSURE |  |  |  |
| Non G10 | -3.53% |  |  |
| G10 | -15.65% |  |  |
|  |  |  |  |
| COMMODITY NET EXPOSURE |  |  |  |
| Energies | 1.04% |  |  |

MONTHLY SUMMARY REPORT: 30 NOVEMBER 2022	REPORTING CLASS: Man AHL Alpha Core Alternative DNR H GBP Acc
| HISTORICAL PERFORMANCE |
| --- |
|  | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
| 2009 | - | - | - | - | - | - | - | - | - | - | 3.38% | -4.68% | -1.46% |
| 2010 | -1.35% | -0.51% | 3.97% | 1.63% | -0.73% | 0.49% | -1.80% | 4.52% | 0.54% | 5.12% | -5.34% | 3.54% | 10.00% |
| 2011 | -2.44% | 0.89% | -3.71% | 3.41% | -1.01% | -2.63% | 3.70% | 1.10% | -0.41% | -4.21% | -0.17% | 0.64% | -5.07% |
| 2012 | -0.46% | 1.27% | -2.36% | 0.00% | 0.76% | -2.58% | 3.49% | -1.64% | 0.17% | -1.89% | 1.31% | 0.50% | -1.60% |
| 2013 | 1.43% | -0.52% | 1.96% | 4.18% | -6.14% | -2.95% | -0.86% | -2.16% | -1.34% | 4.60% | 1.39% | -0.97% | -1.86% |
| 2014 | -0.98% | 0.75% | -0.91% | 1.44% | 6.50% | 2.09% | 0.42% | 4.63% | 0.38% | 0.93% | 5.73% | 2.79% | 26.15% |
| 2015 | 5.68% | 1.22% | 1.50% | -1.96% | -1.28% | -3.25% | 1.11% | 0.55% | 1.81% | -2.91% | 1.53% | -3.75% | -0.17% |
| 2016 | 2.48% | 2.05% | 0.01% | -2.56% | -2.63% | 2.21% | 1.34% | -0.59% | -2.73% | -2.38% | 0.94% | 2.20% | 0.08% |
| 2017 | 0.88% | 2.16% | -0.86% | -0.39% | 3.17% | -2.09% | 4.23% | 1.56% | -2.48% | 4.41% | 0.77% | -2.25% | 9.14% |
| 2018 | 6.65% | -6.71% | -0.32% | -1.91% | 0.01% | 1.35% | -1.74% | 2.43% | -4.95% | 1.88% | -2.27% | 5.53% | -0.88% |
| 2019 | -0.41% | -1.28% | 5.56% | 2.48% | 0.56% | 2.60% | 7.94% | 3.33% | -2.30% | -4.62% | 0.96% | -0.27% | 14.82% |
| 2020 | -1.91% | -0.57% | 5.56% | -2.10% | -2.03% | -1.36% | 1.81% | 0.29% | -2.99% | -1.49% | 1.32% | 4.91% | 1.02% |
| 2021 | -2.95% | 3.34% | 2.41% | 0.81% | 1.63% | -1.93% | 0.46% | -1.35% | -4.77% | 3.55% | -6.83% | -0.68% | -6.67% |
| 2022 | -2.51% | -0.16% | 4.60% | 6.19% | -0.82% | 2.60% | -3.27% | 2.12% | 9.31% | -0.06% | -4.80% | - | 13.00% |

| Class | NAV | 2019 | 2020 | 2021 | ISIN | Minimum Initial | Minimum Additional | Entry Charge‡ | Redemption Fee (Up to) | OCF | Performance Fee |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| DNR H GBP | 165.71 | 14.82% | 1.02% | -6.67% | LU0424370343 | 100,000 | 500 | N/A | N/A | 1.32% | 15.00% |
| DN H GBP | 152.14 | 14.51% | 0.44% | -7.36% | LU0424370269 | 100,000 | 500 | N/A | N/A | 2.07% | 15.00% |
| IN H EUR | 120.27 | 13.48% | 0.18% | -7.16% | LU1039623316 | 1,000,000 | - | N/A | N/A | 1.29% | 15.00% |
| IN H GBP | 114.47 | - | - | - | LU1039623159 | 1,000,000 | - | N/A | N/A | 1.22% | 15.00% |
| IN H JPY | 12143.31 | 13.89% | 0.18% | -6.45% | LU1260714420 | 100,000,000 | - | N/A | N/A | 1.28% | 15.00% |
| IN H SEK | 102.25 | - | - | - | LU1039624397 | 5,000,000 | 5,000 | N/A | N/A | 1.22% | 15.00% |
| IN USD ACC | 107.17 | - | - | - | LU1039623233 | 1,000,000 | - | N/A | N/A | 1.25% | 15.00% |
| INW H EUR | 104.24 | - | - | - | LU2398772652 | 1,000,000 | - | N/A | N/A | 1.14% | 15.00% |

Model calculation (net): an investor wishes to purchase shares for Euro 1,000. With a maximum issue surcharge of 5.00%, he has to spend a one-off amount of Euro 50.00 when making the purchase. In addition, there may be custodian costs that reduce performance. The custodian costs are decided by your bank’s price list and service charges.
‡
Entry Charge is up to the rate indicated.
^The organisations and/or financial instruments mentioned are for reference purposes only. The content of this material should not be construed as a recommendation for their purchase or sale.

Translation (ENES, 2022-11-30):
# ANÁLISIS DE LA EXPOSICIÓN
| PRIMEROS 5 MERCADOS SEGÚN APORTACIÓN BRUTA^ |  |  | ÚLTIMOS 5 MERCADOS SEGÚN APORTACIÓN BRUTA^ |  |
| --- | --- | --- | --- | --- |
| Mexican Peso/US Dollar | 0,70% |  | South Korean Won/US Dollar | -0,72% |
| Polish Zloty/US Dollar | 0,32% |  | Swiss Franc/US Dollar | -0,71% |
| VIX Volatility Index | 0,26% |  | Chinese Renminbi/US Dollar Offshore Deliverable | -0,56% |
| Australian SPI 200 Index | 0,17% |  | Australian Dollar/US Dollar | -0,47% |
| Euro/Polish Zloty | 0,13% |  | Japanese Yen/US Dollar | -0,45% |

| EXPOSICIÓN POR SECTOR |  |  |  |  | PRIMERAS 5 EXPOSICIONES A DIVISAS |  |
| --- | --- | --- | --- | --- | --- | --- |
|  | Corto | Larga | Neto |  | Divisa |
| Bonos y tipos | -24,88% | 2,57% | -22,31% |  | MXN | 18,55% |
| Materias primas | 0,00% | 1,04% | 1,04% |  | PLN | 13,24% |
| Divisas | -65,47% | 65,47% | N/A |  | EUR | 11,83% |
| Acciones | -5,62% | 27,88% | 22,26% |  | CNH | -10,46% |
|  |  |  |  |  | JPY | -10,35% |

| EXPOSICIÓN NETA A LOS BONOS SOBERANOS |  |  |
| --- | --- | --- |
| Non G10 | -3,53% |  |  |
| G10 | -15,65% |  |  |
|  |  |  |  |
| EXPOSICIÓN NETA A MATERIAS PRIMAS |  |  |  |
| Energías | 1,04% |  |  |

FICHA MENSUAL: 30 NOVIEMBRE 2022	CLASE DE ACCIONES DE REFERENCIA: Man AHL Alpha Core Alternative DNR H GBP Acc
| RENTABILIDAD HISTÓRICA |
| --- |
|  | Ene | Feb | Mar | Abr | Mayo | Jun | Jul | Ago | Sep | Oct | Nov | Dic | YTD |
| 2009 | - | - | - | - | - | - | - | - | - | - | 3,38% | -4,68% | -1,46% |
| 2010 | -1,35% | -0,51% | 3,97% | 1,63% | -0,73% | 0,49% | -1,80% | 4,52% | 0,54% | 5,12% | -5,34% | 3,54% | 10,00% |
| 2011 | -2,44% | 0,89% | -3,71% | 3,41% | -1,01% | -2,63% | 3,70% | 1,10% | -0,41% | -4,21% | -0,17% | 0,64% | -5,07% |
| 2012 | -0,46% | 1,27% | -2,36% | 0,00% | 0,76% | -2,58% | 3,49% | -1,64% | 0,17% | -1,89% | 1,31% | 0,50% | -1,60% |
| 2013 | 1,43% | -0,52% | 1,96% | 4,18% | -6,14% | -2,95% | -0,86% | -2,16% | -1,34% | 4,60% | 1,39% | -0,97% | -1,86% |
| 2014 | -0,98% | 0,75% | -0,91% | 1,44% | 6,50% | 2,09% | 0,42% | 4,63% | 0,38% | 0,93% | 5,73% | 2,79% | 26,15% |
| 2015 | 5,68% | 1,22% | 1,50% | -1,96% | -1,28% | -3,25% | 1,11% | 0,55% | 1,81% | -2,91% | 1,53% | -3,75% | -0,17% |
| 2016 | 2,48% | 2,05% | 0,01% | -2,56% | -2,63% | 2,21% | 1,34% | -0,59% | -2,73% | -2,38% | 0,94% | 2,20% | 0,08% |
| 2017 | 0,88% | 2,16% | -0,86% | -0,39% | 3,17% | -2,09% | 4,23% | 1,56% | -2,48% | 4,41% | 0,77% | -2,25% | 9,14% |
| 2018 | 6,65% | -6,71% | -0,32% | -1,91% | 0,01% | 1,35% | -1,74% | 2,43% | -4,95% | 1,88% | -2,27% | 5,53% | -0,88% |
| 2019 | -0,41% | -1,28% | 5,56% | 2,48% | 0,56% | 2,60% | 7,94% | 3,33% | -2,30% | -4,62% | 0,96% | -0,27% | 14,82% |
| 2020 | -1,91% | -0,57% | 5,56% | -2,10% | -2,03% | -1,36% | 1,81% | 0,29% | -2,99% | -1,49% | 1,32% | 4,91% | 1,02% |
| 2021 | -2,95% | 3,34% | 2,41% | 0,81% | 1,63% | -1,93% | 0,46% | -1,35% | -4,77% | 3,55% | -6,83% | -0,68% | -6,67% |
| 2022 | -2,51% | -0,16% | 4,60% | 6,19% | -0,82% | 2,60% | -3,27% | 2,12% | 9,31% | -0,06% | -4,80% | - | 13,00% |

| Rendimien- Rendimien- Gasto de Clase	VL	2019	2020	2021	ISIN	to inicial  to adicional entrada‡ mínimo	mínimo | Comisión de reembolso (hasta) | CGC	Comisión de rentabilidad |
| --- | --- | --- |
| DNR H GBP | 165,71 | 14,82% | 1,02% | -6,67% | LU0424370343 | 100.000 | 500 | N/A | N/A | 1,32% | 15,00% |
| DN H GBP | 152,14 | 14,51% | 0,44% | -7,36% | LU0424370269 | 100.000 | 500 | N/A | N/A | 2,07% | 15,00% |
| IN H EUR | 120,27 | 13,48% | 0,18% | -7,16% | LU1039623316 | 1.000.000 | - | N/A | N/A | 1,29% | 15,00% |
| IN H GBP | 114,47 | - | - | - | LU1039623159 | 1.000.000 | - | N/A | N/A | 1,22% | 15,00% |
| IN H JPY | 12143,31 | 13,89% | 0,18% | -6,45% | LU1260714420 | 100.000.000 | - | N/A | N/A | 1,28% | 15,00% |
| IN H SEK | 102,25 | - | - | - | LU1039624397 | 5.000.000 | 5.000 | N/A | N/A | 1,22% | 15,00% |
| IN USD ACC | 107,17 | - | - | - | LU1039623233 | 1.000.000 | - | N/A | N/A | 1,25% | 15,00% |
| INW H EUR | 104,24 | - | - | - | LU2398772652 | 1.000.000 | - | N/A | N/A | 1,14% | 15,00% |

Cálculo de ejemplo (neto): un inversor desea adquirir acciones por 1.000 euros. Con un recargo de emisión máximo del 5 %, tiene que pagar un importe único de 50 euros en el momento de la adquisición. Además, puede que haya costes de depósito que reduzcan la rentabilidad. Los costes de depósito se basan en la lista de precios de su banco y en las comisiones del servicio.
‡
Los gastos de entrada ascienden al tipo indicado.
^Las organizaciones y/o instrumentos financieros se mencionan con fines de referencia. El contenido de este material no debe interpretarse como una recomendación de compra o venta.